REGISTERED CHARITY NUMBER: 1063762
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 May 2022
for
Harvesters Football Club
Davis Grant Limited Chartered Certified Accountants Treviot House 186-192 High Road Ilford Essex IG1 1LR
Harvesters Football Club
| Contents of the Financial Statements | |||
|---|---|---|---|
| for the Year Ended 31 May 2022 | |||
| Page | |||
| Trustees' Report | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
Harvesters Football Club
Trustees' Report for the Year Ended 31 May 2022
The trustees present their report with the financial statements of the charity for the year ended 31 May 2022. 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).
The trustees present their report with the financial statements of the charity for the year ended 31st May 2022. 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).
This year the club was able to run a full calendar of activity without any of the disruption due to the restrictions resulting from the Covid 19 pandemic that had been seen in the two previous years. We were delighted to be able to hold our end of season celebration event, the WFL league finals day and also a successful open day for members in February. These events enabled us to showcase our excellent facilities whilst offering a fantastic engagement opportunity to our members and the wider football community.
From a financial perspective the club has been able to able to retain membership subscriptions and the number of teams has remained largely in line with previous years. It is critical for financial stability that the subscriptions remain strong as a large proportion of our cost base is fixed cost, including the purchase of kit for all members and ground maintenance costs. In order to diversify the revenue steams to safeguard the financial security, the club has focused on increasing its sponsorship income, the highlight being the 3 year deal with Hamptons being agreed for c25% of the available shirt sponsorships.
The financial results for the club are strong. Following losses made in recent years, the sustained effort to secure sponsorship income and manage costs has enabled a significant surplus to be made which will help increase the asset replacement fund and provide contingency against unexpected future cost commitments as well as other investment opportunities.
The club continues to thrive with over 500 players, including boys and girls, and forms a vital community asset on the east side of St Albans. Parents continue to provide a key element of support to the club ranging from managing teams, undertaking administration roles and sitting on the Trustee committee. Sandridge council are fully appreciative of the efforts of the club and are very supportive of the club.
The trustees would like to thank all of those involved in the running of the Harvesters for giving their time and commitment to what is a major community asset.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects ("the objects") shall be to provide facilities, promote the game of Association Football, to arrange matches and social activities for its members, and community participation in the same.
The club is determined to provide football development for all. We believe we play a key role in the local community and providing excellent coaching and the opportunity to play competitive matches irrespective of gender, ability or background is vitally important to meet our social responsibilities and to the future growth and success of the club.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Over the past year the charity ran a number of activities involving the diverse members of the local community in physical and social activities, these will continue as part of business as usual. Soccer schools were run during holiday periods attracting attendance from local youngsters who had the opportunity to improve their football skills by working with the club's qualified coaching team.
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Harvesters Football Club
Trustees' Report for the Year Ended 31 May 2022
FINANCIAL REVIEW
Reserves policy
Following the excellent running of Harvesters Football Club by previous generations of Trustees and management, we are in the position to have our own dedicated ground at Smallford. The club manages it's reserves to ensure assets associated with maintaining the site can be replaced when they fall due.
The club will continue to be managed to ensure cash is retained in line with the depreciation charge in the accounts to continue to maintain reserves. The Trustees are also committed to ensure cash reserves never drop below one quarter of annual costs.
Following a number of years of recording a financial loss, the club has returned a significant profit in the year resulting in the club being in strong financial position despite the expenditure on the All-Weather Pitch.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The trust is a registered charity, number 1063762, and is constituted under a constitution adopted on 22nd June 1997, updated in March 2022.
Organisational structure
The number of trustees shall be not less than two but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum provided always Harvesters Football Club (or any successor body) shall be entitled to nominate the number of people specified opposite its name to be trustees.
Induction and training of new trustees
The trustee responsible for compliance briefs new trustees on their legal obligations under charity and company law; the content of the Memorandum and Articles of Association; the decision making processes; the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1063762
Principal address
c/o J. Holmes, Treasurer 13 Oakhill Drive Welwyn Hertfordshire AL6 9NW
Trustees
M Kelly A L Hunt (resigned 31/5/2022) A D Parker D Ede Trustee (appointed 19/9/2021) S Jacobs (appointed 1/6/2022)
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Harvesters Football Club
Trustees' Report for the Year Ended 31 May 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Davis Grant Limited Chartered Certified Accountants Treviot House 186-192 High Road Ilford Essex IG1 1LR
Approved by order of the board of trustees on 2 March 2023 and signed on its behalf by:
M Kelly - Trustee
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Independent Examiner's Report to the Trustees of Harvesters Football Club
Independent examiner's report to the trustees of Harvesters Football Club
I report to the charity trustees on my examination of the accounts of Harvesters Football Club (the Trust) for the year ended 31 May 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of _ which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Jay Gandesha FCCA Davis Grant Limited Chartered Certified Accountants Treviot House 186-192 High Road Ilford Essex IG1 1LR
3 March 2023
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Harvesters Football Club
Statement of Financial Activities for the Year Ended 31 May 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 246,349 Other trading activities 2 23,429 Investment income 3 6 Total 269,784 EXPENDITURE ON Raising funds (226) Charitable activities Smallford expenses 8,211 Other expenditure 198,304 Total 206,289 NET INCOME/(EXPENDITURE) 63,495 RECONCILIATION OF FUNDS Total funds brought forward 221,877 TOTAL FUNDS CARRIED FORWARD 285,372 |
Restricted fund £ - - - - - 5,687 - 5,687 (5,687) 67,082 61,395 |
2022 Total funds £ 246,349 23,429 6 269,784 (226) 13,898 198,304 211,976 57,808 288,959 346,767 |
2021 Total funds £ 254,101 17,312 19 271,432 302 13,899 173,760 187,961 83,471 239,899 323,370 |
|---|---|---|---|
The notes form part of these financial statements
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Harvesters Football Club
Balance Sheet 31 May 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 158,226 CURRENT ASSETS Stocks 7 487 Debtors 8 20,173 Cash at bank and in hand 183,717 204,377 CREDITORS Amounts falling due within one year 9 (77,231) NET CURRENT ASSETS 127,146 TOTAL ASSETS LESS CURRENT LIABILITIES 285,372 NET ASSETS 285,372 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 28,040 - - 33,355 33,355 - 33,355 61,395 61,395 |
2022 Total funds £ 186,266 487 20,173 217,072 237,732 (77,231) 160,501 346,767 346,767 285,372 61,395 346,767 |
2021 Total funds £ 206,671 261 7,498 124,121 131,880 (15,181) 116,699 323,370 323,370 262,918 60,452 323,370 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 2 March 2023 and were signed on its behalf by:
M Kelly - Trustee
The notes form part of these financial statements
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Harvesters Football Club
Notes to the Financial Statements for the Year Ended 31 May 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.
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.
----- Start of picture text -----
All weather pitch - Straight line over 35 years
- Straight line over 10 years
Improvements to premises - Straight line over 20 years
Plant and machinery - 25% reducing balance
----- End of picture text -----
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from 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.
The restricted funds are as follows:
All Weather Pitch was capitalised and being depreciated over the years.
| Balance at 01 June 2021 | Mark Lingdren Memorial Funds 34,409 |
All Weather Pitch 26,041 |
Total 2022 60,450 |
Total 2021 31,729 |
|---|---|---|---|---|
| Donations or Grants received | 104 | 0 | 104 | 35,000 |
| Expenditure | (1,160) | (5,688) | (6,848) | (6,279) |
| Balance at 31 May 2022 | 33,353 | 20,353 | 53,706 | 60,450 |
continued...
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Harvesters Football Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
2. OTHER TRADING ACTIVITIES
3.
| Sponsorships Hire of facilities INVESTMENT INCOME Deposit account interest |
2022 £ 924 22,505 23,429 2022 £ 6 |
2021 £ 5,951 11,361 17,312 2021 £ 19 |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2022 nor for the year ended 31 May 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2022 nor for the year ended 31 May 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 219,690 Other trading activities 17,312 Investment income 19 Total 237,021 EXPENDITURE ON Raising funds 302 Charitable activities Smallford expenses 8,211 Other expenditure 173,760 Total 182,273 NET INCOME 54,748 RECONCILIATION OF FUNDS Total funds brought forward 208,170 Page 8 |
Restricted Total fund funds £ £ 34,411 254,101 - 17,312 - 19 34,411 271,432 - 302 5,688 13,899 - 173,760 5,688 187,961 28,723 83,471 31,729 239,899 continued... |
|---|---|
Harvesters Football Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fund £ £ TOTAL FUNDS CARRIED FORWARD 262,918 60,452 6. TANGIBLE FIXED ASSETS Improvements All to Plant and weather property machinery pitch £ £ £ COST At 1 June 2021 133,670 49,977 370,069 Additions - 5,754 - At 31 May 2022 133,670 55,731 370,069 DEPRECIATION At 1 June 2021 51,185 33,418 262,442 Charge for year 6,682 5,578 13,899 At 31 May 2022 57,867 38,996 276,341 NET BOOK VALUE At 31 May 2022 75,803 16,735 93,728 At 31 May 2021 82,485 16,559 107,627 7. STOCKS 2022 £ Stocks 487 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Trade debtors 8,097 Prepayments and accrued income 12,076 20,173 |
Total funds £ 323,370 Totals £ 553,716 5,754 559,470 347,045 26,159 373,204 186,266 206,671 2021 £ 261 2021 £ 1,795 5,703 7,498 |
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continued...
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Harvesters Football Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds General fund restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds General fund restricted TOTAL FUNDS |
At 1/6/21 £ 221,877 67,082 288,959 Incoming resources £ 269,784 - 269,784 |
2022 2021 £ £ 13,946 10,860 63,285 4,321 77,231 15,181 Net movement At in funds 31/5/22 £ £ 63,495 285,372 (5,687) 61,395 57,808 346,767 Resources Movement expended in funds £ £ (206,289) 63,495 (5,687) (5,687) (211,976) 57,808 |
|---|---|---|
continued...
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Harvesters Football Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/6/20 £ Unrestricted funds General fund 193,821 Development fund 14,349 208,170 Restricted funds General fund restricted 31,729 TOTAL FUNDS 239,899 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 237,021 Restricted funds General fund restricted 34,411 TOTAL FUNDS 271,432 A current year 12 months and prior year 12 months combined position is as follows: At 1/6/20 £ Unrestricted funds General fund 193,821 Development fund 14,349 208,170 Restricted funds General fund restricted 31,729 TOTAL FUNDS 239,899 |
Net movement At in funds 31/5/21 £ £ 54,748 248,569 - 14,349 54,748 262,918 28,723 60,452 83,471 323,370 Resources Movement expended in funds £ £ (182,273) 54,748 (5,688) 28,723 (187,961) 83,471 Net movement At in funds 31/5/22 £ £ 118,243 312,064 - 14,349 118,243 326,413 23,036 54,765 141,279 381,178 |
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continued...
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Harvesters Football Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds General fund restricted TOTAL FUNDS |
Incoming resources £ 506,805 34,411 541,216 |
Resources Movement expended in funds £ £ (388,562) 118,243 (11,375) 23,036 (399,937) 141,279 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2022.
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Harvesters Football Club
Detailed Statement of Financial Activities for the Year Ended 31 May 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Training & Summer Camps Grants Subscriptions Tournament & Cup Finals Kiosk income Other trading activities Sponsorships Hire of facilities Investment income Deposit account interest Total incoming resources EXPENDITURE Other trading activities Opening stock Closing stock Charitable activities Rent Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Repairs and maintenance Fines Carried forward |
2022 £ 37,721 27,226 13,080 7,701 145,339 3,402 11,880 246,349 924 22,505 23,429 6 269,784 261 (487) (226) 4,380 467 1,876 6,623 315 73 761 779 5,314 666 21,254 |
2021 £ 49,611 23,521 6,220 30,875 138,107 - 5,767 254,101 5,951 11,361 17,312 19 271,432 563 (261) 302 3,673 693 1,839 2,938 317 98 73 318 51,930 108 61,987 |
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This page does not form part of the statutory financial statements
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Harvesters Football Club
Detailed Statement of Financial Activities for the Year Ended 31 May 2022
| Charitable activities Brought forward Match expenses Football Development Presentation evening Registrations Kit and equipment Management and administration Donations Depreciation of improvements to property Depreciation of plant & machinery Depreciation of all weather pitch Support costs Finance Bank charges Total resources expended Net income |
2022 £ 21,254 71,779 41,260 7,935 1,080 4,679 32,920 300 6,682 5,578 13,899 207,366 4,836 211,976 57,808 |
2021 £ 61,987 15,331 19,574 5,421 1,040 18,439 36,500 548 6,682 5,520 13,899 184,941 2,718 187,961 83,471 |
|---|---|---|
This page does not form part of the statutory financial statements
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