REGISTERED NUMBER: 03762658 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2026

for

Lincolnshire Football Association

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Prof Sir J S Nguyen Van Tam

Ms S M Jaehrig

C J Cook

M Pover

A Reynolds

Ms L K Sorby

Ms A Westley

C Whaley

A Whitham

N P Hanson

SECRETARY:

N P Hanson

REGISTERED OFFICE:

Loric Building

23 Newport

Lincoln

LN1 3DN

REGISTERED NUMBER:

03762658 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

80,531

79,802

CURRENT ASSETS

Debtors

5

60,506

15,108

Cash at bank

1,126,721

1,112,796

1,187,227

1,127,904

CREDITORS

Amounts falling due within one year

6

285,141

239,938

NET CURRENT ASSETS

902,086

887,966

TOTAL ASSETS LESS CURRENT LIABILITIES

982,617

967,768

RESERVES

Income and expenditure account

982,617

967,768

982,617

967,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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.

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 18 September 2026 and were signed on its behalf by:

Prof Sir J S Nguyen Van Tam - Director

1.	STATUTORY INFORMATION

Lincolnshire 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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Turnover represents amounts received from various bodies by way of grant income, subscriptions and fees from member clubs, and fees for courses provided by the company. Turnover from cup competitions is shown net of expenditure.

Turnover only includes income where the Association is acting as principal. Where the Association is acting as agent the financial statements only include any administration charge levied, not the gross receipt.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on cost and 20% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Football association and other grants receivable

Capital grants and other contributions towards the cost of tangible fixed assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset. Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate.

Vat

The company is registered for VAT but only income in relation to ticket sales and advertising revenue for the various cup competitions is liable to VAT. As a consequence the company calculates its recoverable VAT in accordance with the VAT partial exemption rules and only a very small percentage of VAT is recoverable. All income and expenditure is stated net of VAT payable or recoverable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

Trophies

Totals

£

£

£

COST

At 1 July 2025

22,267

71,500

93,767

Additions

2,765

-

2,765

At 30 June 2026

25,032

71,500

96,532

DEPRECIATION

At 1 July 2025

13,965

-

13,965

Charge for year

2,036

-

2,036

At 30 June 2026

16,001

-

16,001

NET BOOK VALUE

At 30 June 2026

9,031

71,500

80,531

At 30 June 2025

8,302

71,500

79,802

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

30,720

10,689

Other debtors

29,786

4,419

60,506

15,108

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

20,594

26,496

Taxation and social security

14,760

4,974

Other creditors

249,787

208,468

285,141

239,938

7.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, there were operating lease commitments of £28,000 within 1 year and £2,333 due within 1-2 years.

8.	RELATED PARTY DISCLOSURES

During the year, the company has paid £8,081 (2025: £6,935) to Directors and Council Members in relation to their expenses of attending company business.

9.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

In accordance with the Memorandum and Articles of Association, each member of the company undertakes to contribute to the assets of the company of it being wound up during the time that they are a member, or within one year afterwards, for the payments of the debts and liabilities of the company contracted before the time that they ceased to be member, and of the costs, charges and expenses of winding up of same, and for the adjustments of the rights of contributors among themselves to such an amount as many be required not exceeding ten pounds.

10.

SURPLUS

The operating surplus will be used to underpin the continued delivery of our current strategy 'One Lincolnshire Community, united and inspired by the power of football’.