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REGISTERED NUMBER: 07194925 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Independent Schools Football Association
Limited

Independent Schools Football Association
Limited (Registered number: 07194925)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Independent Schools Football Association
Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: M H Askham
M D Dickson
C J Saunders
K G Knibbs
Dr. S J Mckim





SECRETARY: M D Dickson





REGISTERED OFFICE: 5 Butlers Court
Queen Elizabeth Crescent
Beaconsfield
BUCKS
HP9 1BX





REGISTERED NUMBER: 07194925 (England and Wales)





ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Independent Schools Football Association
Limited (Registered number: 07194925)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 35,595 37,767
Cash at bank 222,955 202,519
258,550 240,286
CREDITORS
Amounts falling due within one year 5 14,120 23,372
NET CURRENT ASSETS 244,430 216,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,430

216,914

RESERVES
Income and expenditure account 244,430 216,914
244,430 216,914

The 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 directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which 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 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 company.

Independent Schools Football Association
Limited (Registered number: 07194925)

Balance Sheet - continued
31 May 2024


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 13 January 2025 and were signed on its behalf by:





M D Dickson - Director


Independent Schools Football Association
Limited (Registered number: 07194925)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Independent Schools 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.

Income
Income mainly comprises grants from The Football Association, sponsorships, parental contributions and school and tournament entry fees.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation
It has been agreed with HM Revenue and Customs that the company is only liable to corporation tax on any investment income. Investment income comprises bank interest received.

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.

Limited by guarantee
The company is a private company limited by guarantees and consequently does not have share capital. Each of the members, as defined in the Articles of Association, is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of a winding up or liquidation.

Independent Schools Football Association
Limited (Registered number: 07194925)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Income
Grants received from The Football Association

The company receives annual grants from The Football Association to further its aims of promoting, developing and regulating football for boys and girls of all ages within independent schools.

These grants comprise a major source of income of the company and are usually received on a cash accounting basis in advance of the forthcoming football season.

The level of cash grant in each year is determined by The Football Association.

If upon winding up or dissolution there remains any reserves, having repaid all repayable grants to The Football Association, the constitution of the company requires that these shall be paid to or distributed on such basis as the then current members shall unanimously agree in writing.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,555 18,150
Other debtors 16,040 19,617
35,595 37,767

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,848 18,770
Taxation and social security 2,332 2,134
Other creditors 1,940 2,468
14,120 23,372