WEALDSTONE FC FOUNDATION
(a company limited by guarantee)
Financial Statements
for the year ended
31 March 2025
Company Number: 12498670
WEALDSTONE FC FOUNDATION (a company limited by guarantee)
Statement of accounts for the year ended 31 March 2025
___________________________________________________________________________
Contents
Page
1
Legal and administrative information
2 -3
Directors' report
4
Statement of financial activities for the year ended 31 March 2025
5
Balance sheet as at 31 March 2025
6-7
Notes to the accounts
WEALDSTONE FC FOUNDATION (a company limited by guarantee)
Legal and administrative information
___________________________________________________________________________
Governed by
Memorandum and Articles of Association dated 4 March 2020.
Directors
Francis Funnell
David O'Farrell
Irene Paull
Nicholas Symmons
Danny Kindell (appointed 8 April 2025)
John Henry Morton (appointed 17 April 2025)
Secretary
Andrew Lane
Registered Office
Ruislip Social Club
Grosvenor Vale
Ruislip
Middlesex
HA4 6JQ
Accountants
TC Group
6th Floor Kings House
9-10 Haymarket
London
SW1Y 4BP
Registered charity number
1190366
Company Number
12498670
1
WEALDSTONE FC FOUNDATION (a company limited by guarantee)
Directors' Report
___________________________________________________________________________
The Directors' submit the organisations report for the year ended 31 March 2025.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 4 March 2020 and registered as a charity on 13 July 2020. The company was established under a Memorandum of Association, which sets out the objects and powers of the charitable company and is governed under its Articles of Association.
Recruitment and Appointment of Trustees
Trustees can be nominated by any member of the Board of the Trustees to replace a trustee stepping down. Under the requirements of the Memorandum and Articles of Association, trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
OBJECTIVES AND ACTIVITIES
Charitable Objectives
Wealdstone FC Foundation is a not for profit organisation constituted with charitable purposes in perpetuity. The company is limited by guarantee and is governed by a Memorandum and Articles of Association.
The objectives of Wealdstone FC Foundation are to:
-
advance education;
-
promote community participation in healthy recreation by providing or assisting in providing facilities for playing football and other sports (“facilities” means land, buildings, equipment and organising sporting activities);
-
provide or assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; and
-
promote all purposes recognised as charitable under the laws of England and Wales from time to time in particular through an association with football.
2
WEALDSTONE FC FOUNDATION (a company limited by guarantee)
Directors' Report
___________________________________________________________________________
FINANCIAL REVIEW
The restricted fund is designated for the furthering of the charity's objectives.
STATEMENT OF DIRECTORS' RESPONSIBILITIES
The Directors' are required under company law to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the company and of the surplus or deficit of the company for that period. In preparing those financial statements the Directors' are required to:
a)
select suitable accounting policies and then apply them consistently;
b)
observe the methods and principles in the Charities SORP;
c)
make judgements and estimates that are reasonable and prudent;
d)
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
e)
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.
The Directors' are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
On behalf of the Directors
Nicholas Symmons
Director
9 October 2025
2025-10-09
WEALDSTONE FC FOUNDATION ( a company limited by guarantee)
3
Statement of financial activities for the year ended 31 March 2025
_____________________________________________________________________________________
Total
Note
Restricted
£
Unrestricted
£
2025
£
2024
£
INCOME FROM
Donations and grants
15,910
-
15,910
11,523
Investment income – Bank interest
-
12
12
6
Total Income
15,910
12
15,922
11,529
EXPENDITURE ON
Charitable activities
3
11,011
60
11,071
9,542
Total expenditure
11,011
60
11,071
9,542
Net incoming/(outgoing) resources
4,899
(48)
4,851
1,987
Total funds at 31 March 2024
4,668
806
5,474
3,487
Total funds at 31 March 2025
9,567
758
10,325
5,474
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
WEALDSTONE FC FOUNDATION (a company limited by guarantee)
Balance sheet as at 31 March 2025
2025-03-31
Note
£
2025
£
£
2024
£
4
Current Assets
Cash at bank and in hand
10,325
5,474
Creditors: Amounts falling due within one year
-
-
Net Current Assets
10,325
5,474
Total Assets Less Current Liabilities
10,325
5,474
Funds
Restricted funds
9,567
4,668
Unrestricted funds
758
806
Total Funds
10,325
5,474
For the financial year ended 31 March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of these financial statements pursuant to section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with Section 368 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its surplus or deficit for the 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 accounts, so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved on 9 October 2025 and signed by:
2025-10-09
Nicholas Symmons
Director
Company Number: 12498670
WEALDSTONE FC FOUNDATION (a company limited by guarantee)
Notes forming part of the accounts for the year ended 31 March 2025
___________________________________________________________________________
1
BASIS OF PREPARATION
5
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK (FRS 102), the Companies Act 2006 and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
2
ACCOUNTING POLICIES
2.1 Incoming resources
All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income received can be measured reliably.
2.2 Direct charitable resources expended
Direct charitable expenditure includes the direct costs in furtherance of the charity's objectives and are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably. Expenditure is accounted for under the accruals concept.
2.3 Administration resources expended
Administration costs represent the running costs of the charity and are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably. Expenditure is accounted for under the accruals concept.
6
WEALDSTONE FC FOUNDATION (a company limited by guarantee)
Notes forming part of the accounts for the year ended 31 March 2025
___________________________________________________________________________
3
Charitable activities
2025
2024
£
£
Consultancy fees
11,011
9,355
Printing, postage and stationery
- 127
Bank charges 60 60
______
______
11,071
9,542
______
______
Analysis by fund
Restricted funds
11,011
9,355
Unrestricted funds 60 187
______
______
11,071
9,542
______
______
4
Restricted funds
The restricted fund is represented by grants and donations received for specific charitable expenditure on the furtherance of the charity's objectives and was spent for that purpose.
5
Related party transactions and Trustees' Remuneration and expenses
The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2024: £nil). None of the trustees were paid expenses during the year (2024: £nil).
There were no related party transactions during the year (2024: £nil)
7
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