REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 29 June 2024 |
for |
Newcastle City Juniors Fc Sports Club |
Limited |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 29 June 2024 |
for |
Newcastle City Juniors Fc Sports Club |
Limited |
Newcastle City Juniors Fc Sports Club |
Limited |
Contents of the Financial Statements |
for the Year Ended 29 June 2024 |
Page |
Report of the Trustees | 1 | to | 2 |
Statement of Financial Activities | 3 |
Balance Sheet | 4 | to | 5 |
Notes to the Financial Statements | 6 | to | 12 |
Newcastle City Juniors Fc Sports Club |
Limited (Registered number: 06729487) |
Report of the Trustees |
for the Year Ended 29 June 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 29 June 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 Trustees & x48 Volunteers of the charity have in the past financial year worked extremely hard to meet and surpass our objectives. Objectives this year were to increase the playing membership for Boys & Girls from the ages of 4 years to 16 years old participating in Grassroots football within the community. 2023/2024 has seen an increase of an extra 20% of young people attending our facilities. Numbers were extremely important as this will keep the levels of Subscriptions to an affordable amount for Parents in the current challenging economic climate. |
The Girl's Wildcats programme has been extremely valuable as in the past financial year we again have seen numbers increase for the 4th year running. The Girl's programme has also helped us access funding from the Football Association something which has been gratefully excepted Off the field the Trustees feel we need to attract a broader spectrum of individuals that can help move the organisation forward We have spoken to a number of individuals from various backgrounds that would give us a wide variety of different professions. One professional individual has been invited along to discuss the prospect of gaining access to more funding. The company involved would work for the charity for a set number of hours per month at a discounted rate and the remit would be to access different pots of funding the charity would be eligible for. Public benefit in setting plans and priorities for areas of work, the trustees of Newcastle City Juniors FC Sports Club Limited have had guidance from the Charity Commission on the provision of public benefit. The trustees consider how planned activities contribute to meeting the objectives set. |
Public benefit |
In setting plans and priorities for areas of work, the trustees of Newcastle City Juniors FC Sports Club Limited have had guidance from the Charity Commission on the provision of public benefit. In particular, the trustees consider how planned activities contribute to meeting the objectives set. How the charity delivers its principle charitable activities, as set out in its Memorandum and Articles of Association, is demonstrated in the objectives and aims statement above. |
ACHIEVEMENT AND PERFORMANCE |
Sponsorship |
Sponsorship Newcastle City Juniors FC Sports Club Limited are receiving sponsorship to help with team kit. Subscriptions After lengthy discussions it was decided the fees would stay in place at £30 pm for each player with a discount if Parents had other siblings within the Football club. Trustees also discussed a scheme where we have installed a specific committee member to speak to individuals who might be experiencing financial difficulties regarding Subscriptions and this year, we are extremely proud to say we have helped appropriately 24 families with keeping their child within an organisation without any financial payments. |
FUTURE PLANS |
The Hospitality side of the charity is again showing signs of growth something we are extremely keen to explore as revenue can benefit the charity moving forward. The Football Foundation have been invited back to look at the prospect of looking at funding for our pavilion building. The building comprises of 6 small individual office spaces with kitchen and changing areas attached. The charity has discussed with local council officers and the City Council regarding alterations to make the space more appealing to community groups as a warm space. |
Newcastle City Juniors Fc Sports Club |
Limited (Registered number: 06729487) |
Report of the Trustees |
for the Year Ended 29 June 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Approved by order of the board of trustees on |
Newcastle City Juniors Fc Sports Club |
Limited |
Statement of Financial Activities |
for the Year Ended 29 June 2024 |
29.6.24 | 29.6.23 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities | 2 |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 112,994 |
Newcastle City Juniors Fc Sports Club |
Limited (Registered number: 06729487) |
Balance Sheet |
29 June 2024 |
29.6.24 | 29.6.23 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 11 |
Unrestricted funds | 112,994 |
TOTAL FUNDS | 112,994 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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. |
Newcastle City Juniors Fc Sports Club |
Limited (Registered number: 06729487) |
Balance Sheet - continued |
29 June 2024 |
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 |
Newcastle City Juniors Fc Sports Club |
Limited |
Notes to the Financial Statements |
for the Year Ended 29 June 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. |
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 - Over estimated useful life of 40 years |
Plant and machinery - 25% reducing balance |
New toilet block - 20% reducing balance |
Training equipment - 25% reducing balance |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Newcastle City Juniors Fc Sports Club |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 29 June 2024 |
2. | OTHER TRADING ACTIVITIES |
29.6.24 | 29.6.23 |
£ | £ |
Sponsorships | 477 | 8,663 |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
29.6.24 | 29.6.23 |
£ | £ |
Depreciation - owned assets |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 29 June 2024 nor for the year ended 29 June 2023. |
Trustees' expenses |
Out of pocket mileage of £0.35p per mile was claimed by the Trustees for transporting costs during the year. |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
Newcastle City Juniors Fc Sports Club |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 29 June 2024 |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
RECONCILIATION OF FUNDS |
Total funds brought forward | 113,465 | - |
TOTAL FUNDS CARRIED FORWARD | 112,994 | - | 112,994 |
6. | TANGIBLE FIXED ASSETS |
Improvements | Plant and |
Club house | to property | machinery |
£ | £ | £ |
COST |
At 30 June 2023 |
Additions |
At 29 June 2024 |
DEPRECIATION |
At 30 June 2023 |
Charge for year |
At 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 29 June 2023 |
Newcastle City Juniors Fc Sports Club |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 29 June 2024 |
6. | TANGIBLE FIXED ASSETS - continued |
Fixtures |
New toilet | and | Training |
block | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 30 June 2023 |
Additions |
At 29 June 2024 |
DEPRECIATION |
At 30 June 2023 |
Charge for year |
At 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 29 June 2023 |
7. | STOCKS |
29.6.24 | 29.6.23 |
£ | £ |
Stocks |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.6.24 | 29.6.23 |
£ | £ |
Bank loans and overdrafts (see note 10) |
Other creditors |
Accrued expenses |
Newcastle City Juniors Fc Sports Club |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 29 June 2024 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.6.24 | 29.6.23 |
£ | £ |
Bank loans (see note 10) |
10. | LOANS |
An analysis of the maturity of loans is given below: |
29.6.24 | 29.6.23 |
£ | £ |
Amounts falling due within one year on demand: |
Bank loans |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
11. | MOVEMENT IN FUNDS |
Net |
movement |
At 30.6.23 | in funds | At 29.6.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 112,994 | 17,356 | 130,350 |
TOTAL FUNDS | 17,356 | 130,350 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 241,094 | (223,738 | ) | 17,356 |
TOTAL FUNDS | ( |
) | 17,356 |
Newcastle City Juniors Fc Sports Club |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 29 June 2024 |
11. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement |
At 30.6.22 | in funds | At 29.6.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 113,465 | (471 | ) | 112,994 |
TOTAL FUNDS | 113,465 | (471 | ) | 112,994 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 193,840 | (194,311 | ) | (471 | ) |
TOTAL FUNDS | 193,840 | (194,311 | ) | (471 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement |
At 30.6.22 | in funds | At 29.6.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 113,465 | 16,885 | 130,350 |
TOTAL FUNDS | 113,465 | 16,885 | 130,350 |
Newcastle City Juniors Fc Sports Club |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 29 June 2024 |
11. | MOVEMENT IN FUNDS - continued |
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 | 434,934 | (418,049 | ) | 16,885 |
TOTAL FUNDS | 434,934 | (418,049 | ) | 16,885 |
12. | RELATED PARTY DISCLOSURES |