BRIGG TOWN FOOTBALL CLUB CIC

Company limited by guarantee

Company Registration Number:
10932586 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

BRIGG TOWN FOOTBALL CLUB CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BRIGG TOWN FOOTBALL CLUB CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 17,801 18,586
Total fixed assets: 17,801 18,586
Current assets
Stocks: 4 9,047 6,042
Debtors: 5 49,005 27,532
Cash at bank and in hand: 42,288 21,881
Total current assets: 100,340 55,455
Creditors: amounts falling due within one year: 6 ( 64,695 ) ( 33,832 )
Net current assets (liabilities): 35,645 21,623
Total assets less current liabilities: 53,446 40,209
Total net assets (liabilities): 53,446 40,209
Members' funds
Profit and loss account: 53,446 40,209
Total members' funds: 53,446 40,209

The notes form part of these financial statements

BRIGG TOWN FOOTBALL CLUB CIC

Balance sheet statements

For the year ending 31 August 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 16 October 2024
and signed on behalf of the board by:

Name: J Huxford
Status: Director

The notes form part of these financial statements

BRIGG TOWN FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant and machinery - 25 percent on a reducing balance basis Fixtures and fittings - 20 percent on a reducing balance basis Computer equipment - 20 percent on a straight line basis

    Other accounting policies

    Leasing and Hire Purchase Contracts Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income and expenditure account as incurred. Stocks and Work in Progress Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

BRIGG TOWN FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 19 18

BRIGG TOWN FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 17,850 20,775 200 38,825
Additions 3,637 3,637
Disposals
Revaluations
Transfers
At 31 August 2024 17,850 20,775 3,837 42,462
Depreciation
At 1 September 2023 9,340 10,706 193 20,239
Charge for year 2,128 2,014 280 4,422
On disposals
Other adjustments
At 31 August 2024 11,468 12,720 473 24,661
Net book value
At 31 August 2024 6,382 8,055 3,364 17,801
At 31 August 2023 8,510 10,069 7 18,586

BRIGG TOWN FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Stocks

2024 2023
£ £
Stocks 9,047 6,042
Total 9,047 6,042

BRIGG TOWN FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
£ £
Trade debtors 48,010 17,532
Prepayments and accrued income 995 10,000
Total 49,005 27,532

BRIGG TOWN FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 32,513 20,375
Accruals and deferred income 3,372 3,490
Other creditors 28,810 9,967
Total 64,695 33,832

COMMUNITY INTEREST ANNUAL REPORT

BRIGG TOWN FOOTBALL CLUB CIC

Company Number: 10932586 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

The company’s principle purpose remains that of a local football club; providing mens’ and junior teams that compete in leagues as recognised in the FA Charter. In addition to this the company provides sport and leisure facilities for the local community and the company provides access to its function room free of charge. The company’s premises have been provided to the local community with a purpose of being a social focal point and in doing so various events have been held as well as providing access to football for the local community.

Consultation with stakeholders

The company’s stakeholders are the local community which encompasses Brigg and its surrounding areas. These stakeholders are represented by a committee of members who attend regular meetings to ensure that the activities of the company are for the benefit of the local community, as a whole.

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
16 October 2024

And signed on behalf of the board by:
Name: J Huxford
Status: Director