Charrty Registration No. 1070202 Company RegiStrat￿n No. 03523004 {England & wa￿5) Limitsd By Guarantee BUCKHURST HILL FC FOUNDATION Twstees. Report And Accounts For The Year Ended 30 June 2023 *14D91•A02U* 2010B12024 COMPMIES HOUSE #245 BUCKHURST HILL FC FOUNDATION Legal And Administrative Informats"on Trustees S.P. Comwdl K.V. Richbell J.L Rwney C.R. Sherrin Secretary S.P. Comwdl Charity Number 1070202 COm￿nY Number 03523CW Reglstered Offic• 7. Johnston Road, Woc*Jtotd Green. Essex. IG8 OXA Accountants NKhoL4s Hall AmyJnts"ng Limrted 7. Johnston Road. Vrfcajford Green. Essex, IG8 OXA Banke Bardays Bank Plc., 1 Churchill Pla￿. London. E14 5HP BUCKHURST HILL FC FOUNDATION Contents Pag¢ Trustees. Report Statement Of Trustees. Responsits'lths Independent Examinerfs Report Staternent Of Financkql Actmties Balance Sheet N¢)tes To The Accounts 8-11 Sehedule Of Expenses 12 BUCKHURST HILL FC FOUNDATION Trvstees, Report For The Year Ended 30 June 2023 Tw$lees prewl tr*"r rewrt and #cr￿Unts lty the year ended 30 June 2023. The aecounts ha￿ b¢¢n prepargd in 8¢)xrdarK* with the act￿nting polKaes set oul in Thjle 1 to the aco)unts and comply with the thantys Memorandum & AJlKles ofAsw"atK)n. the Companres Act 2006 and the Statement ol R¢oynm8nd8<1 P[￿b"Ce. "A¢lo￿trng arnl Rep¥bng by Chan'ties" Mafth 2(MJ5. Stru¢ture, Gov•mance And VAan•gw￿nI The Foundation is a ujmpany limrted by guarantee. governed by its Merwandum & Artkyes ofA5swiabon. The Trustees, who are also the th'rectors lor the FKwFose of company Law. aTrJ d￿n9 the year were.. S.P Cornwell K.V. Rithbell J.L. Roor*y C.R. Shemn None of the Trustees has afty b￿efic)a interest in the CCrfnP¥fy. Al of the Trustees we members of the ¢xfflpw aThJ guarantee to eontrit*rte £1 in the event of a ￿n￿1r￿j up. The Trustees have assessed the mapr risks tot•thth the tharty is exFosed and a￿ sth"sffed that systems are in place to rn￿.9a1¢ exposure to thè majty ri5k5. Obje¢ii¥es And A￿l¥l¢le¥ The Foundation's core objedNes remain but havp Nist evolved to manage the ￿ ofthe lootball dub at yLYJth level vrith the InC￿e parts"apatw ￿th Pw$' and girf$' tsam$ •uoss a b(o•J (*mographic wrth heamh and wellbeing at the forefront of our Pl￿S. Trustee5 prowde SUPFQrt aThJ guidwce to fv management corn￿ atl mawgers. in any capaoty r¢quired tr th* benefit of the football dub. Towork ¢h)sety the W cornmunty, offer siwpyt a￿1 guthKe m l¢Kal wciects. 8nd ￿￿e8St involvèment vAth lJcal schx*ls and educational wqe¢ts. Engage wtn mc*è local businesses to Ir￿Se (¥Jr swjnsorship fimdirvj 0FVYtun￿'eS to enharte our faryl￿e$ to become more than just a foott)all dub. BUCKHURST HILL FC FOUNDATION Trustees. Report ICONTINUEDI For The Year Ern*d 30 June 2023 A¢hi•v•ff*nts And PerfOrma￿e The yndemit and aftereflirjs Ihereolconliitred Ics habe a major atross al OLY h¥es aTrJ Ihe Foundation lthe Every other organisaliw. bul ¢Jue lo Ihe dve dilsente of thÈ Tws*zs thB Fiwndabon ￿ now aNe 10 COn￿ntral on delNerifi9 eole obJ'e¢th5 >*ar undvr Financlal Re¥lew Al the beginning of the year. the 8udthur5t Hill Junsor Foclb811 Clubwas Incor￿le4 into the Founoation and lh8 resuWÈ far the year ufidÈr reviv￿ ale detai*d 00 the Slatemenl ol Financi￿ N£ti￿lIeS ar￿ the no*s aNached Iherelo. For IN$ y¢•r, the F￿ndal￿)n re¢*ivea itK•me t¢tslhng £268.897 12022.. £11. These sums VAII w l+Xfards IP* managemenl admbl￿trats￿ o)sts ol rurtniThJ the P￿￿1011)￿. The luThJs of Foundalw a￿ deFQSited fft a bank aFvThed Oy TMttt5. whth al Ihe lime ollhe rerKKt wa5 Barday5 Bank Pk. During I￿ peiioo. there wa5 a nel increase in the general fund of £64.10512022- E17.6* decieasel there were no mpvEfflenls in the reSt￿ted fvnd lor bDth IhE yeafeThled XJ June 2022 and the >*arethd 30 Jure 2023. The principal funding souices lor the charity *e ¢uft¢nty by fv way olpthr subsuip¢hJn5 and suppon of organisalions lo ￿1p suFyorf our ¢j￿￿9T￿MI F4af*. Olheitradiry aGIN￿¢S undwi*•n to rai5efvnd5 inch*Je operating.. A shop s2111￿ ff*rchahdi&E A lea bai selling non-al¢oh¢4K drifiks •nd sn*t>ts A ba¥ sthr¥J alcoholic¢Jrwrts A kiosk sellin9 hol fgL See note 12 lor a b￿*down ol profils Iw eaL* oli￿s* acts￿1￿. Revigw ol the Y•ar and Plan5 for Futur• finanool re￿￿ of1￿ charty *e ￿llec1&￿ in our att￿ •rKlw¢ h•v• d•h¥T￿d on 411 ¢)urtaW8 thi year. The f•¢vs hès not ¢han8ed ty¢ur P￿￿$ to SMI and ￿Creat￿TraI athl￿5 •cros5 kycal community and achieve amb￿￿$ gii*th. Th8 Trust885 as aaway5 wouhj 5*e to thank Manayement Commrfl8e. and al owvoknnte8rs glw up thek lkne for foq lor the benefil and wem ljeiry ol¥1 the cl¥ldren 3#d a 53fe plat8 to enj¢)y thaw sceial and phYs￿al actiwt*s. A iesdulion Pr•po￿9 Ihal Hal be app)*iknl ￿ I￿ep￿dert Examiners ol thr rory4Thy will t• pul to I1￿ rn8rknr5. On teha TfLKStt•5 S.P. Co Tr￿fee K.V. Richt¢U Trus1¥• BUCKHURST HILL FC FOUNDATION Stat•m8nl (Y Tru$tees' Respon$ibililv&5 The Twstees, who are also the directors of 8ud¢hur5t Hill FC Fourthb"ort for the wrp)se of ¢¢mpany law. are responsible for prepariTrJ the Trnstees. Rewt Ihe acctyjnts fft a¢e0rthn￿WI1h aFwli¢able and Unrted Kingdom Ar￿UntIng Stsrnjarrts (Lknited Generaly A￿[kn￿ A¢t04mb"r9 Pracbcel. Cornpany law ￿quireS the Trustees to prepa￿ aco)unts fty exh financial year which gwe a In* and fair vN8w of the $tate of affairs ofthe c*anty and ofthe in¢omin9 resourc•s and of ￿5￿r￿s, ￿￿￿lIng Inco￿ and expenditure. of the charitabk conwny forthat Fenod. In preparing t￿e accounts. the Truslees are reqwretl lo". . sekct suitab￿ accountyng pc4i¢xs aThJ then appty twi ¢￿tsnty; - ¢bserve th• meihc4J5 and prin0)￿ in the Char￿￿$ SORP". . make judgments and estimates that •rt W50nabte and tyudent and . prepare the accounts on the goirvJ basi5 unkns li is inaFpropriate to presurr¢that the ¢hanty WAI eontinu8 in opefation. The TNstees we ￿spOns￿￿ lor kew.ng adequate aCQ￿ni￿ rewds Ih¥td￿dose I￿1h reasonable xcjjracy at any time the finantsal p05iticffj of the charty and enable Ihem to ertsure that Ihe aC￿unts rmiply wlh the Companres Aci 2006. They are atso ￿4)on$￿ fly safe9uar¢in9 the assets oftho Chanty a￿1 he#￿ for ta￿.￿9 rea80natJe steps forlhe ye¥ent￿n and d￿eCtr￿ of fraLkJ other ryulaithes. BUCKHURST HILL FC FOUNDATION IndepeNJent Examiner's Rewt To The Trustee$ Of Buc*hurst Hill FC FC￿ndth" I have examined the aCc{￿nIS of 8uckhLKSt Hill FC Foundab"on for the year ended 30 June 2023 set out on pages 6 to 13. These acctyjnts have been prepared in ￿nce wrfh Ihe aLtcwnts"n9 poliries set out on page 9. Respective R•sponsibi&ti•s of T￿t0?¥ ¥nd Ex•miner The trustees (who are also the dyectors ofthe company for of cy)mpany law) are reSp￿sible for the preparation ol the accounts. The trustees ¢4)nsKler that an audit is not required for this year under section 14412) olthe Chartes Act 2011 (the 2011 AL#) and that an inwndeni examiriaiion rs negjed. Having satisfied mysdfthat the chanty rs T￿¢ suiyeia to a￿t uryjer Corry￿Y I￿ and is eli9ible for independent examination, it is my resp￿sit￿lty to.. examine the accounts under seal￿ 145 ofthe 2011 A¢i'. to folk)w the proc£dures laid drywn in tIE general DIrect￿S gr￿ by the Chanty Com￿s￿on ur*ler section 14515}Ibl of the 2011 Act.. and to state whether partrcular matters have ￿me to my •ttenliM. B•$is of Independert Examinerfs Report My examinat￿ was carned out in act¢rdan¢t with the gener81 Dired[￿S given by Charity Commiss*)n. An examination indLMles a rewew of the ￿(￿nting reo)rds kept by tharity and a cunparison of the accounts presented with those re￿rds. It also indudes consideration of any unusual rtems or disck)sures in the aC￿)UnIs, and seeking explanations from yw as trustees concemirYJ any SLth m*ters. The prwlures undertaken th> not provide all thè ev￿enCe that would be require(l in an audit and o)nsequenty opinion is given as to vA)ether the accounts present a'lrue and fair ￿e¥l the reF*Jt is limited to th)se matters set OLrt in the statement below. Independent Statwnent In connection with my examination. M> matter has come to my aitentK)n." 111 wthich gives me rea￿ab￿ cause lo belE¥e that in wy rnalwial respecl the requir¥n￿lS.. to keep a¢c4unlin9 re¢tyd$ Mi a¢¢ordarK4 wrth se¢b"on 386 of Ccfflpar#es Ad 2OX,' and to prepare accounts wh￿h a￿ord with the aco)unling records. ￿rnrAY with the awA)unting quirements of se¢*"on ofthe CoMpan￿S Act 2[￿ and with the Melt￿d$ and priTriples oft Statèment of Reccrfnmended Pracits." Acc￿ntin9 and Repo￿"n9 by Charrt*s have not treen met". or (2) to which. in my 0ixn￿, atten￿Tr $I￿UkI be dravm in order lo enab￿ a kryer urKJer8tsrnJiThJ of the ac£ounts to be reache Z.L. Jim .otero FMAAT For Nicholas Hall AccountiThJ Limited 7 Johnston Road. Wo¢dlixd Green. Essex, IG8 OXA BUCKHURST HILL FC FOUNDATION Statement Of Financial Aclivtties Including Income And Expenditure Accourrt For The Year Ended 30 June 2023 Unrn#tri¢trd Restri¢W Funds Funds Total 2023 Totsl 2022 Income Voluntsry Donatior Investment Incomt Player Subscriptions Other Income 1.110 1.110 138,769 129.018 138,769 129.018 Tolal Income 268.897 268.897 Expen¢JhJre 1376,525) 1376.5251 112.6961 BusiAes$ Combinali 172,333 172.333 Net In¢om? l {Exp•nditurel For The Year 64.705 64.705 12.696 Fund Babn￿ At l Juty 2022 141.315 354,376 495.691 508,387 Fun¢J Balances At 30 June 2023 2C6.020 354.376 .3Sfj 495.691 The slaternent offjnanc4al also rxrfnty￿s wth the requrywts for on inoyne and exFwthture #¢CL￿nt under the Crynpaniès Act 2￿. BUCKHURST HILL FC FOUNDATION Babnce Sheet As At 30 June 2023 2023 2022 Notes Fixed Assots Tangible Assets 631700 517.761 Current Assets Stock5 Debtors Cash At Bank And In Hand XIA14 4539 828 257 25.533 Crgditorn: Afflounts Falling thln Qn¢Y¢ar .837 20.817 Current Assetsl{Li•bilities) 19,732 498,029 S61A96 Cr•ditorn: Amounts Falling Aftsr One Year (lJTh) {2,338) Total Assets Less Llablllties 560.396 495.691 Incom• Funds Restricted Funds 10 354.376 354,376 un￿$1n"¢1ed Fund$ 11 206.020 141.315 560.396 495.691 BUCKHURST HILL FC FOUNDATION Balance Sheet ICONTINUEDI As Al 30 June 2023 The cornpany is enblled to the exemption frorn the audit reqwremènt ewilaiwl ￿ seclion 477 of Ihe Compan Act 2￿6. fof Ihe year endttl 30 June 2023. No membei of Ihe company has deposile¢J a noiice. pursuant 10 sectior5 476., requiring an audil of these aGGount5 under the requi￿rnents of the CompanKe5 Act 20C6. The dwedors ac*nLMyfedge their respons￿lI1th￿S for ensurulg thal the company keèps acctsunting T2cord5 which ¢ornply with section 386 of the Act and frjr preparing 8￿niS wfvch gtve a twe an¥ lair view of the staie of affairs ol the c¢mpany as al Ihe end of the financial year and of ils incoming resosjrces an¢J apphcation of resources. indvdtll9 Its income and expenditure. forthg financial year in actofdatKe wilh lh8 r8quir8men15 of Sections 394 and 395 and which olbe￿Ise Comtyy wth reqviremenls ol Ihe Companies Acl 211J6 reL4tyng to accounls. so far as apF4irable to ¢ompany. The aKounts vwe appwvad by the Board on S.P. Cornwe Trustee K.V. Rithbel Tntstee Company Re9lStration No. 03523004 BUCKHURST HILL FC FOUNDATION Notes To The Financgal Ststements For The Year Ended 30 June 2023 A¢¢ounting Pokies 8•s18 Of p￿paratIon The accounts have been prepared urthr the Iw'storical ￿st convenlicffi. The chanty has taken kn*tsge cllhè exemptmy) in Finan￿$ Repth"ng Standwd No.1 from the requirement to pr¢du¢e ¥ eash statement on the grounds that it is a small charity. The aco)unt5 have been prepared in ac£ordance applicabte •¢c¥wnts"ng starvjards. thè Statement or FrJ: Amounts Falling oU?￿h1￿ On• Y•qr 2023 2022 Trade Debtors 3.365 Prepayments Other Oebtors 17,023 826 20.414 828 r•dlltyS: Amoynts F•lllng bythln On•Y 2023 2022 Trade Creditor5 Amounts due tr) ￿101¢1 part Acuuals 8ank Loans Overdrafts Deferred Income Othèr Credrtors 6,957 7.501 1.512 4,847 2.345 12.423 21,708 SE.837 20.817 9 Crtdiion: Amounts F•lllng Du* Aft¢r Year 2023 2022 8aok Loans Antl Overfrats Deferred InMme 2.338 I,OC¥) 10- BUCKHURST HILL FC FOUNDAnON Notes To The Finanuol Statements ICONTINUED) For The Year EThJ8d 30 Jung 2023 10 Re*tricted FuThds A¢¢ount 2023 2022 brought 1oNArd & carrièd foThvard 354.376 The fiJr*J$ ￿re set w by donatK*r6 m•Je e¥eoaty folh)*ing puws.. Grnnge Farrn Centre Tntst This represents a donabon m•Je to assBt in the wrdwse freelpjkj Lar#J. Epping Forest DistrictCowKII This rèpresents a donatw m* 19 assNt ￿ the purchase afthe (￿ell*j l•r*J. buiklirvds •nd 9arag•. ¢harf•s French Charitsble Tn This repfy5ents a donatron made lo as￿ in the purthase ofthe freeho￿ laThl and ts buihJir9 ofthe new elubhouse. Footh•ll Foundatwn This reP￿sen1$ a *Jon¥b"on made to assist in tr* purthase of th• fr••hobJ land and th• buikliTrJ of thv new Ivbhouse. O L Trusl & Anonyfflo￿ Oonatk+n Thi5 repre8ents a donakn'on rn•Je to buikl the rw gar4e. 11 An#lysl# Of IletA59ets e•l￿en Funds Tolal FundB Fund Balances At 30 June 2023 Are Rewesenied By". Tangible Fixed Assets Current Assets Creditors.. amounts falh"n9 due ￿1n jpar c￿rtorS. amounts falh"n9 lue after one year 278.324 25.533 196.6371 1.000 206.020 354.376 632.7 25.533 196.8371 1,0 354.376 12 Tr￿Ing Activilie8 Th8 prowllossesl lor vawwyjs I￿￿1[￿j aciMi*S in ihè year#￿ asfoltr*s". Sh T•a Bar Kbosk Totsl Ine•me I8,￿2 24,357 6.140 49.462 Opening Sto ÉMpendi¢ure Clogrvj Stc 10.779 12861 2.892 (721 19.622 15BOI 15) 12171 Total Eypenditu 5.647 70.494 2.820 19.042 ProfitllLos¥l 282 12.855 13.863 3.320 30.420 BUCKHURST HILL FC FOUNDATION Schedule Of Expenses For The Year Ended 30 June 2023 2023 2022 Cost of Sales Opening Stock Shop Items Bar Receipts Tea Bar Receipts Kiosk Re￿Ipts C105ing Stock 10,779 2.892 19.042 Charitable Acllvities Ground Maintenance & Developft*nt Pitch Hi Pelly House Lease Business Rates & Council Tax Kil & EquiF*nent Ground & Clubhouse Management Fines 8 Penalties Referees Fees League Fees Coaching Fees Phys￿ SeNices Kil Wash Appearanc& Fees Printing. Postage & StalKJnery Bank Charges Insurance Information Technoh)gy Advertising & Media Cleaning Costs Miscellaneous Legal & Pr¢)feSs￿n4l Fees Travel Expenses Lwht and Heat Heallh & Safety Consultancy Telephone & Communic*ions Management Charge Depreciation 75.657 19.874 5,000 12.202 29.2IKI 43.038 1.823 15.180 4.778 15.575 2.211 3.645 12.716 4.415 425 577 3.231 693 12.056 3.089 430 3.3 8,117 1,935 820 29.421 34,931 1.100 3.634 2.130 348.033 10,387 Governance Costs Aecountancy 8.796 2,174 Interest Payable and Similar Exponses Mortgage Interest Other Interest payable 133 218 135 Donations 100 Total Expenditure 376.525 12,696 12-