Mawsley FC - Charities report - 20.2

REGISTERED COMPANY NUMBER: 10280313 (England and Wales)

REGISTERED CHARITY NUMBER: 1169248

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2020

for

MAWSLEY FC

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

13

TRUSTEES

N D Hughes

M A Willis

COMPANY SECRETARY

M A Willis

REGISTERED OFFICE

3 Kemps Close

Kettering

United Kingdom

NN14 1GQ

REGISTERED COMPANY NUMBER

10280313 (England and Wales)

REGISTERED CHARITY NUMBER

1169248

INDEPENDENT EXAMINER

Infinitas Accountants Limited

Infinitas House

58 Warkton Lane

Barton Seagrave

Kettering

Northamptonshire

NN15 5AA

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 31 July 2020. 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

Mawsley FC has the principle objective of the promotion of community participation in healthy recreation, in particular by the provision of facilities for the playing of Association Football.

We provide opportunities for young people aged 5 to 17 to play football. Through the playing of football our

coaches encourage all age groups to understand the values of teamwork, supporting the community and

respect through sport. Through the provision of training and entry in a local league the young people also

have an opportunity to improve and maintain physical fitness.

All of the Charity Trustees take very seriously the role they and the charity have in providing opportunities and

valuable life experience for the club's players through participation in the charity's activities

Significant activities

We provide opportunities for young people aged 5 to 17 to play football. Through the playing of football our coaches encourage all age groups to understand the values of team work, supporting the community and respect through sport. Through the provision of training and entry in a local league the young people also have an opportunity to improve and maintain physical fitness.

All of the Charity Trustees take very seriously the role they and the charity have in providing opportunities and valuable life experience for the club's players through participation in the charities activities.

Public benefit

As a principle the trustees refer to the Charity Commission's general guidance on Public Benefit when reviewing the charity's objectives and planning future activities. In particular, the trustees consider how planned activities will contribute to its charitable activities.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The club has grown from a single team over 15 years ago to the 20 teams we have today. Every year for the last 3 years we have added an additional team to the club driven by demand from more young people asking to get involved and play for the club at one of our age groups. Football is a popular sport and through the provision of facilities, coaching and the ability to participate we, like many other grassroots football clubs provide a valuable asset to the community.

We have 26 volunteer coaches at the club. All of the coaches have passed appropriate coaching qualifications

and the club is FA Charter Standard which means that we can demonstrate the very high standards of welfare

and development within the football club.

For youth football the club is open to young people in the area. We provide free places to a number of young people each year that would not otherwise be able to participate in sport. We provide them with kit, coaching and the ability to participate matches.

We maintain our home facilities of 4 grass football pitches, with an FA supported pitch development plan and support the shared community facilities providing home, away and officials changing rooms.

Our girls' section has continued to grow this year and is an area of significant importance to the Charity and is a key investment for our future growth and increase in participants across the community.

Finally, the participation in any team sport provide valuable life lessons for any young person. The ability to

work with and communicate with others. Respect for each other and their abilities and the value of playing to

the rules, this continues to be the key focus and success criteria for the charity. 2020 has been a challenging year for most but for the charity the covid 19 restrictions have also impacted on our ability to raise funds due to the restrictions on team sport and group events. The impact can be seen in our financial position at the end of the year.

Fundraising activities

Small fundraising activities are held in the year to generate income for the club teams.

FINANCIAL REVIEW

Principal funding sources

Subscriptions are the main funding source from which further income is generated from gift aid.

Reserves policy

The charity holds a reserve to ensure that during inclement weather we are still able to provide training facilities when the clubs are unavailable. The reserves held at the year end were £16,850 (2019: £1,627).

The charity maintained a growth in revenue during the year reflecting the number of additional players we attracted. The charity generated a deficit at the end of the year.

The club holds a reserve to ensure that during inclement weather we are still able to provide training facilities when the clubs are unavailable.

The charity has a positive financial position to enable us to continue to maintain and grow our activities in the coming year.

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.

Recruitment and appointment of new trustees

When recruiting new trustees, note is made of the qualifications and skills. The Board considers the ability of a new trustees to service the charity in promoting its aims and objectives.

Organisational structure

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr N D Hughes

Mr M A Willis

Induction and training of new trustees

Induction of new trustees is carried out on an individual basis given the small size of the charity. The induction is tailored to the individual and seeks to inform of the legal obligations and responsibilities and the need to act independently and in the best interest of the charity. it makes them aware of the activities of the charity and

the aspects of charity work the new trustee has been appointed for.

Related parties

The charity does not have any related parties. Trustees maintain a register of business interests and have a policy ensuring no transactions are held with related parties.

Approved by order of the board of trustees on 13 December 2020 and signed on its behalf by:

M A Willis - Trustee

Independent examiner's report to the trustees of Mawsley FC ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Caroline Armstrong FCA

ICAEW

Infinitas Accountants Limited

Infinitas House

58 Warkton Lane

Barton Seagrave

Kettering

Northamptonshire

NN15 5AA

13 December 2020

2020

2019

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

46,404

37,080

EXPENDITURE ON

Raising funds

2

31,180

39,207

NET INCOME/(EXPENDITURE)

15,224

(2,127

)

RECONCILIATION OF FUNDS

Total funds brought forward

1,626

3,753

TOTAL FUNDS CARRIED FORWARD

16,850

1,626

2020

2019

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

6

9,131

5,184

CURRENT ASSETS

Debtors

7

17

1,027

Cash at bank

8,650

11,947

8,667

12,974

CREDITORS

Amounts falling due within one year

8

(948

)

(16,532

)

NET CURRENT ASSETS

7,719

(3,558

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,850

1,626

NET ASSETS

16,850

1,626

FUNDS

9

Unrestricted funds

16,850

1,626

TOTAL FUNDS

16,850

1,626

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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.

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 13 December 2020 and were signed on its behalf by:

M A Willis - Trustee

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2.	RAISING FUNDS

Raising donations and legacies

2020

2019

£

£

Bad debts

2,514

337

Support costs

28,666

38,870

31,180

39,207

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020

2019

£

£

Auditors' remuneration

960

768

Depreciation - owned assets

3,253

2,792

Other operating leases

9,701

7,678

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

37,080

EXPENDITURE ON

Raising funds

39,207

NET INCOME/(EXPENDITURE)

(2,127

)

RECONCILIATION OF FUNDS

Total funds brought forward

3,753

TOTAL FUNDS CARRIED FORWARD

1,626

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 August 2019

5,497

4,253

9,750

Additions

7,200

-

7,200

At 31 July 2020

12,697

4,253

16,950

DEPRECIATION

At 1 August 2019

2,748

1,818

4,566

Charge for year

2,035

1,218

3,253

At 31 July 2020

4,783

3,036

7,819

NET BOOK VALUE

At 31 July 2020

7,914

1,217

9,131

At 31 July 2019

2,749

2,435

5,184

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

17

1,027

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

-

28

Accruals and deferred income

948

16,504

948

16,532

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1.8.19

in funds

31.7.20

£

£

£

Unrestricted funds

General fund

1,626

15,224

16,850

TOTAL FUNDS

1,626

15,224

16,850

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

46,404

(31,180

)

15,224

TOTAL FUNDS

46,404

(31,180

)

15,224

Comparatives for movement in funds

Net

movement

At

At 1.8.18

in funds

31.7.19

£

£

£

Unrestricted funds

General fund

3,753

(2,127

)

1,626

TOTAL FUNDS

3,753

(2,127

)

1,626

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

37,080

(39,207

)

(2,127

)

TOTAL FUNDS

37,080

(39,207

)

(2,127

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.8.18

in funds

31.7.20

£

£

£

Unrestricted funds

General fund

3,753

13,097

16,850

TOTAL FUNDS

3,753

13,097

16,850

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

83,484

(70,387

)

13,097

TOTAL FUNDS

83,484

(70,387

)

13,097

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2020.