REGISTERED CHARITY NUMBER: 1063762
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 May 2024
for
Harvesters Football Club
Gravita Essex 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 2024
|
|
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 |
11 |
Detailed Statement of Financial Activities |
12 |
to |
13 |
Harvesters Football Club
Trustees' Report for the Year Ended 31 May 2024
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31May2024.Thetrustees have
adoptedthe provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31May2024.Thetrustees have
adoptedthe provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
Thisyear,the club successfullydelivereda full calendarof activities,markinga significantmilestonein our returnto a vibrant schedule.
Highlightsincluded our end-of-seasoncelebrationevent and the WFL League Finals Day, both of which showcasedour excellent facilities
and provided outstanding opportunities for engagement with our members and the wider football community.
Lookingahead,the club is committedto broadeningits reachby introducinginclusivity-focusedfootballinitiatives.Theseeffortsaim to
ensurethatplayersofallabilities,backgrounds,andcommunitiesfeelwelcomeandhavetheopportunitytoparticipate, further
strengthening our position as a hub for grassroots football and community connection.
Froma financialperspectivethe club has been able to able to retainmembershipsubscriptionsand the numberof teamshas remained
largely in line with previousyears.It is criticalfor financialstabilitythat the subscriptionsremain strong as a large proportionof our cost
base is fixed cost,includingthe purchaseof kit for all membersand groundmaintenancecosts.High levelsof inflationoverthe last few
yearshave led to increasedcostsfor the club.To mitigatethe financialimpact,the club have lookedto introducenew sponsorship and
grantopportunitieswherepossible.Thereservespolicyhasalsobeenreviewedtoensurethereisenoughliquiditywithintheclub to
continueto operateregardlessof any possibilityof disruptionof activity.The Trusteesare now lookingforwardto see how the club can
evolve in the future and continue to develop and work towards our charitable objectives.
Thefinancialresultsfortheclubarestrong.Followinglossesmadein recentyears,thesustainedefforttosecuresponsorship income
andmanagecostshasenabledasignificantsurplustobemadewhichwillhelpincreasetheassetreplacementfundand provide
contingency against unexpected future cost commitments as well as other investment opportunities.
The club continuesto flourish,with a growingmembershipof over 500 players,includingboth boys and girls, solidifyingits role as a vital
communityasseton the eastsideofSt Albans.Theinvaluablecontributionsofparentsremaincentralto the club'ssuccess,with many
volunteering their time to manage teams, take on administrative responsibilities, and serve on the Trustee committee.
The trusteeswouldlike to thank all of those involvedin the running of the Harvestersfor giving their time and commitmentto what is a
majorcommunityasset.TheTrusteesextendtheirheartfeltgratitudetoeveryoneinvolvedintherunningofHarvesters. Your
dedication,time,andunwaveringcommitmenthavebeeninstrumentalinsustainingandgrowingwhatistrulyacornerstoneof our
community.Thecollectiveeffortsofourvolunteers,staffandparentsensurethatHarvesterscontinuestothriveasa vital community
asset, fostering connection, development, and a love for football.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Thecharity'sobjects("theobjects")shallbetoprovidefacilities,promotethegameofAssociationFootball,toarrangematches and
social activities for its members, and community participation in the same.
Theclubisdeterminedtoprovidefootballdevelopmentforall.Webelieveweplayakeyroleinthelocalcommunityand providing
excellentcoachingand the opportunityto play competitivematchesirrespectiveof gender,abilityor backgroundis vitallyimportant to
meet our social responsibilities and to the future growth and success of the club.
Page 1
Harvesters Football Club
Trustees' Report for the Year Ended 31 May 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Over the past year, the charitydelivereda range of activitiesthat engaged diverse members of the local communityin both physical and
socialpursuits.Theseinitiatives,nowembeddedinourregularoperations,continuetoplayavitalroleinpromoting community
well-being.Lookingto the future, we are excited to expand our offeringsby introducinginclusivefootballinitiatives.These programs will
aimtoensurethatindividualsofallabilitiesandbackgroundscanparticipate,aligningwithourcommitmenttomaking football
accessible to everyone in our community.
Overthepastyearthecharityrananumberofactivitiesinvolvingthediversemembersofthelocalcommunityinphysicaland social
activities,thesewillcontinueaspartofbusinessasusual.Soccerschoolswererunduringholidayperiodsattractingattendance from
local youngsters who had the opportunity to improve their football skills by working with the club's qualified coaching team.
FINANCIAL REVIEW
Reserves policy
Followingthe excellentrunning of HarvestersFootballClub by previousgenerationsof Trustees and management,we are in the position
tohaveourowndedicatedgroundatSmallford.Theclubmanagesit'sreservestoensureassetsassociatedwithmaintainingthe site
can be replaced when they fall due.
Theclubwillcontinuetobemanagedtoensurecashisretainedinlinewiththedepreciationchargeintheaccountstocontinue to
maintain reserves. The Trustees are also committed to ensure cash reserves never drop below one quarter of annual costs.
Followinga number of years of recordinga financialloss,the club has returneda significantprofitin the year resultingin the club being
in strong financial position despite the expenditure on the All-Weather Pitch.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Thetrustisaregisteredcharity,number1063762,andisconstitutedunderaconstitutionadoptedon22ndJune1997,updated in
March 2022.
Organisational structure
Thenumberoftrusteesshallbe notlessthantwobut (unlessotherwisedeterminedby ordinaryresolution)shallnotbe subjectto any
maximumprovidedalwaysHarvestersFootballClub(oranysuccessorbody)shallbeentitledtonominatethenumberof people
specified opposite its name to be trustees.
Induction and training of new trustees
The trustee responsiblefor compliancebriefs new trusteeson their legal obligationsunder charityand companylaw; the contentof the
MemorandumandArticlesofAssociation;thedecisionmakingprocesses;thebusinessplanandrecentfinancialperformanceof the
charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Risk management
The trusteeshave a duty to identifyand reviewthe risks to whichthe charityis exposedand to ensure appropriatecontrolsare in place
to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1063762
Principal address
c/o J. Holmes, Finance Officer
13 Oakhill Drive
Welwyn
Hertfordshire
AL6 9NW
Page 2
Harvesters Football Club
Trustees' Report for the Year Ended 31 May 2024
Trustees
M Kelly
A D Parker
D Ede Trustee
S Jacobs Trustee
A Cooper
Independent Examiner
Gravita Essex Limited
Chartered Certified Accountants
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................................
M Kelly - Trustee
Page 3
Independent Examiner's Report to the Trustees of Harvesters Football Club
Independent examiner's report to the trustees of Harvesters Football Club
IreporttothecharitytrusteesonmyexaminationoftheaccountsofHarvestersFootballClub(theTrust)fortheyear ended
31 May 2024.
Responsibilities and basis of report
As the charitytrusteesof the Trustyou are responsiblefor the preparationof the accountsin accordancewiththe requirementsof the
Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout 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
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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 havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe drawn in
this report in order to enable a proper understanding of the accounts to be reached.
Jay Gandesha FCCA
Gravita Essex Limited
Chartered Certified Accountants
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
Date: .............................................
Page 4
Harvesters Football Club
Statement of Financial Activities for the Year Ended 31 May 2024
Unrestricted
Restricted
funds
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
212,100
(1,493)
Other trading activities
2
32,242
-
Investment income
3
1,618
365
Total
245,960
(1,128)
EXPENDITURE ON
Raising funds
-
-
Charitable activities
Smallford expenses
1,229
6,053
Other expenditure
266,969
270
Total
268,198
6,323
NET INCOME/(EXPENDITURE)
(22,238)
(7,451)
Transfers between funds
9
614
(614)
Net movement in funds
(21,624)
(8,065)
RECONCILIATION OF FUNDS
Total funds brought forward
293,182
55,707
TOTAL FUNDS CARRIED FORWARD
271,558
47,642 |
2024
Total
funds
£
210,607
32,242
1,983
244,832
-
7,282
267,239
274,521
(29,689)
-
(29,689)
348,889
319,200 |
2023
Total
funds
£
212,906
33,782
486 |
|
|
247,174 |
|
|
487
20,028
224,537 |
|
|
245,052 |
|
|
2,122
- |
|
|
2,122
346,767 |
|
|
348,889 |
The notes form part of these financial statements
Page 5
Harvesters Football Club
Balance Sheet 31 May 2024
Unrestricted
Restricted
funds
fund
Notes
£
£
FIXED ASSETS
Tangible assets
6
132,247
16,662
CURRENT ASSETS
Debtors
7
21,870
-
Cash at bank and in hand
128,460
30,980
150,330
30,980
CREDITORS
Amounts falling due within one year
8
(11,019)
-
NET CURRENT ASSETS
139,311
30,980
TOTAL ASSETS LESS CURRENT LIABILITIES
271,558
47,642
NET ASSETS
271,558
47,642
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2024
Total
funds
£
148,909
21,870
159,440
181,310
(11,019)
170,291
319,200
319,200
271,558
47,642
319,200 |
2023
Total
funds
£
169,816
19,681
194,276
213,957
(34,884)
179,073
348,889
348,889
293,182
55,707 |
|
|
348,889 |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon.............................................and were
signed on its behalf by:
.............................................
M Kelly - Trustee
The notes form part of these financial statements
Page 6
Harvesters Football Club
Notes to the Financial Statements for the Year Ended 31 May 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthe charity,whichis a publicbenefitentityunderFRS 102,havebeen preparedin accordance with
theCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland(FRS102)(effective1 January2015)',FinancialReportingStandard102'TheFinancialReportingStandardapplicable in
the UK and Republic of Ireland' and the Charities Act 2011.
Income
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that
the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave 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.
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 |
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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise 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.
|
Mark Lindgren |
All Weather |
|
|
Memorial Funds |
Pitch |
Total 2024 |
Balance at 01 June 2023 |
32,379 |
22,351 |
54,730 |
Donations or Grants received |
465 |
0 |
465 |
Expenditure |
(1,863) |
(5,689) |
(7,552) |
Balance at 31 May 2024 |
30,980 |
16,662 |
47,642 |
continued...
Page 7
Harvesters Football Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
2. OTHER TRADING ACTIVITIES
Sponsorships
Hire of facilities
INVESTMENT INCOME
Deposit account interest |
2024
£
9,274
22,968
32,242
2024
£
1,983 |
2023
£
8,917
24,865 |
|
|
33,782 |
|
|
2023
£
486 |
3. INVESTMENT INCOME
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
212,906
-
Other trading activities
33,782
-
Investment income
486
-
Total
247,174
-
EXPENDITURE ON
Raising funds
487
-
Charitable activities
Smallford expenses
14,340
5,688
Other expenditure
224,537
-
Total
239,364
5,688
NET INCOME/(EXPENDITURE)
7,810
(5,688)
RECONCILIATION OF FUNDS
Total funds brought forward
285,372
61,395
TOTAL FUNDS CARRIED FORWARD
293,182
55,707 |
Total
funds
£
212,906
33,782
486 |
|
247,174 |
|
487
20,028
224,537 |
|
245,052 |
|
2,122
346,767 |
|
348,889 |
continued...
Page 8
Harvesters Football Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
6. TANGIBLE FIXED ASSETS
6.
TANGIBLE FIXED ASSETS |
|
|
|
Improvements
to
Plant and
property
machinery
£
£
COST
At 1 June 2023
133,670
66,819
Additions
-
6,520
At 31 May 2024
133,670
73,339
DEPRECIATION
At 1 June 2023
64,549
45,952
Charge for year
6,682
6,846
At 31 May 2024
71,231
52,798
NET BOOK VALUE
At 31 May 2024
62,439
20,541
At 31 May 2023
69,121
20,867
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
9.
MOVEMENT IN FUNDS
Net
movement
At 1.6.23
in funds
£
£
Unrestricted funds
General fund
293,182
(22,238)
Restricted funds
General fund restricted
55,707
(7,451)
TOTAL FUNDS
348,889
(29,689) |
All
weather
pitch
£
370,069
-
370,069
290,241
13,899
304,140
65,929
79,828
2024
£
1,965
19,905
21,870
2024
£
1,934
9,085
11,019
Transfers
between
funds
£
614
(614)
- |
Totals
£
570,558
6,520 |
|
|
|
577,078 |
|
|
|
400,742
27,427 |
|
|
|
428,169 |
|
|
|
148,909 |
|
|
|
169,816 |
|
|
|
2023
£
5,490
14,191
19,681
2023
£
6,599
28,285
34,884
At
31.5.24
£
271,558
47,642 |
2023
£
5,490
14,191 |
|
|
|
19,681 |
|
|
|
2023
£
6,599
28,285 |
|
|
|
34,884 |
|
|
319,200 |
|
continued...
Page 9
Harvesters Football Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
General fund restricted
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
General fund restricted
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
General fund restricted
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
245,960
(268,198)
(22,238)
(1,128)
(6,323)
(7,451)
244,832
(274,521)
(29,689)
Net
movement
At
At 1.6.22
in funds
31.5.23
£
£
£
285,372
7,810
293,182
61,395
(5,688)
55,707
346,767
2,122
348,889
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
247,174
(239,364)
7,810
-
(5,688)
(5,688)
247,174
(245,052)
2,122 |
|
|
continued...
Page 10
Harvesters Football Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
General fund restricted
TOTAL FUNDS |
Net
movement
At 1.6.22
in funds
£
£
285,372
(14,428)
61,395
(13,139)
346,767
(27,567) |
Transfers
between
funds
£
614
(614)
- |
At
31.5.24
£
271,558
47,642 |
|
|
|
319,200 |
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
Movement
resources
expended
in funds
£
£
£
493,134
(507,562)
(14,428)
(1,128)
(12,011)
(13,139)
492,006
(519,573)
(27,567) |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
493,134
(507,562)
(14,428)
(1,128)
(12,011)
(13,139)
492,006
(519,573)
(27,567) |
|
|
(27,567) |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2024.
Page 11
Harvesters Football Club
Detailed Statement of Financial Activities for the Year Ended 31 May 2024
|
2024 |
2023 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
5,678 |
588 |
Gift aid |
18,757 |
24,795 |
Grants |
4,878 |
7,446 |
Subscriptions |
154,592 |
157,240 |
Tournament & Cup Finals |
3,388 |
2,702 |
Presentation day income |
5,947 |
3,774 |
Kiosk income |
17,367 |
16,361 |
|
210,607 |
212,906 |
Other trading activities |
|
|
Sponsorships |
9,274 |
8,917 |
Hire of facilities |
22,968 |
24,865 |
|
32,242 |
33,782 |
Investment income |
|
|
Deposit account interest |
1,983 |
486 |
Total incoming resources |
244,832 |
247,174 |
EXPENDITURE |
|
|
Other trading activities |
|
|
Opening stock |
- |
487 |
Charitable activities |
|
|
Rent |
3,960 |
3,900 |
Rates and water |
183 |
560 |
Insurance |
3,217 |
2,623 |
Light and heat |
9,346 |
8,544 |
Telephone |
337 |
331 |
Postage and stationery |
459 |
260 |
Advertising |
433 |
1,829 |
Sundries |
6,851 |
1,821 |
Repairs and maintenance |
5,157 |
4,431 |
Fines |
505 |
594 |
Match expenses |
84,136 |
73,196 |
Football Development |
49,262 |
40,769 |
Presentation evening |
6,024 |
5,227 |
Registrations |
2,427 |
998 |
Kit and equipment |
17,717 |
27,493 |
Management and administration |
52,862 |
41,673 |
Donations |
100 |
- |
Depreciation of improvements to property |
6,682 |
6,682 |
Depreciation of plant & machinery |
6,847 |
6,956 |
Carried forward |
256,505 |
227,887 |
This page does not form part of the statutory financial statements
Page 12
Harvesters Football Club
|
Detailed Statement of Financial Activities |
|
|
|
for the Year Ended 31 May 2024 |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
Charitable activities |
|
|
|
Brought forward |
|
256,505 |
227,887 |
Depreciation of all weather pitch |
|
13,899 |
13,899 |
|
|
270,404 |
241,786 |
Support costs |
|
|
|
Finance |
|
|
|
Bank charges |
|
4,117 |
2,779 |
Total resources expended |
|
274,521 |
245,052 |
Net (expenditure)/income |
|
(29,689) |
2,122 |
This page does not form part of the statutory financial statements
Page 13