Durham County F A Limited. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04291905 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2018

for

Durham County Football Association

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F D Pattison

R Coleman

G Charlton

J Priestley

M Spedding

J C Topping

J Parker

I Shuttleworth

SECRETARY:

J C Topping

REGISTERED OFFICE:

Codeslaw

Riverside South

Chester le Street

Co. Durham

DH3 3SJ

REGISTERED NUMBER:

04291905 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ken Scott

AUDITORS:

Chipchase Nelson

Statutory Auditors

5 Kensington

Cockton Hill Road

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

974,196

1,000,928

CURRENT ASSETS

Debtors

5

42,222

66,372

Investments

6

513,428

595,848

Cash at bank and in hand

1,545,494

1,469,102

2,101,144

2,131,322

CREDITORS

Amounts falling due within one year

7

27,120

28,510

NET CURRENT ASSETS

2,074,024

2,102,812

TOTAL ASSETS LESS CURRENT LIABILITIES

3,048,220

3,103,740

PROVISIONS FOR LIABILITIES

-

(23,661

)

ACCRUALS AND DEFERRED INCOME

(174,898

)

(177,254

)

NET ASSETS

2,873,322

2,902,825

RESERVES

Income and expenditure account

2,873,322

2,902,825

2,873,322

2,902,825

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 4 July 2019 and were signed on its behalf by:

F D Pattison - Director

G Charlton - Director

1.	STATUTORY INFORMATION

Durham County 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets and depreciation

Tangible fixed assets other than competition cups are stated at cost less depreciation. Depreciation is provided at

rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as

follows:

Leasehold Land & Buildings

1% on Cost.

Competition Cups

None

Office Equipment

15% on Reducing Balance.

Computers

25% on Reducing Balance.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from

those of the company in an independently administered fund. Contributions payable for the year are charged to

the profit and loss account.

Grants

Revenue grants are credited to the profit and loss account in the period they are received and are used to finance

general activities during that period. These grants are not repayable.

Capital grants are amortised at rates calculated to credit the profit and loss account over the expected useful life

of each asset.

Investments

Current asset investments are stated at fair value as quoted by the investment managers.

Operating lease agreements

Operating lease rentals are charged to the Profit and loss Account in equal amounts per period over the rental

term.

Such charges aggregated to £3,853 in the year to the Balance Sheet date.

At the Balance Sheet date future commitments in respect of the operating leases ending within one year

amounted to £1,550 and after one year £7,148..

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2017 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Long

Competition

Office

Computer

leasehold

cups

equipment

Equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

1,189,889

200

81,465

20,565

1,292,119

Additions

-

-

-

1,078

1,078

At 31 December 2018

1,189,889

200

81,465

21,643

1,293,197

DEPRECIATION

At 1 January 2018

203,418

-

69,710

18,063

291,191

Charge for year

25,399

-

1,763

648

27,810

At 31 December 2018

228,817

-

71,473

18,711

319,001

NET BOOK VALUE

At 31 December 2018

961,072

200

9,992

2,932

974,196

At 31 December 2017

986,471

200

11,755

2,502

1,000,928

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

25,065

25,792

Other debtors

17,157

40,580

42,222

66,372

6.	CURRENT ASSET INVESTMENTS

31.12.18

31.12.17

£

£

Listed investments at fair

value

513,428

595,848

513,428

595,848

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

5,216

5,336

Taxation and social security

3,691

3,974

Other creditors

18,213

19,200

27,120

28,510

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ken Scott (Senior Statutory Auditor)

for and on behalf of Chipchase Nelson

9.	TRANSACTION WITH DIRECTORS

One director, Mr J C Topping, served on the council of the Football Association during the year, from whom the

company received revenue grants totalling £491,926 and capital grants totalling £268.

10.

CONTROL

The company was controlled throughout the period by the directors on an equal basis.