Hillsborough Arena Sports Association Ltd
Directors' report For the year ended 31 March 2021
Charitable objects
For the benefit of the public generally.
To promote community participation in healthy recreation by providing facilities for amateur sports capable of improving physical health ("facilities" in this clause 3 means land, buildings, equipment and organising sporting activities);
To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life;
To advance the education of children and young people through such means as the trustees think fit in accordance with the law of charity; and To relieve financial hardship through the provision of support, advice, guidance, counseling or training as may be appropriate for the general purposes of such individuals, associations, organisation or other charitable, bodies in each case as the trustees may from time to time decide.
Structure, governance and management
Hillsborough Arena Sports Association (Company number 04398319) was incorporated on 19/03/2002 and its Memorandum and Articles of Association govern it. Its legal status is that of a company limited by guarantee and a registered charity (Charity number 1126206) it has no share capital and the liability of each member in the event of winding-up is limited to £1. Overall management of the Charity is the responsibility of the trustee directors who are elected and co-opted under the terms of the memorandum and articles of association. Day to day project activity is carried out by paid staff and volunteers.
Summary of the main activities undertaken for public benefit
The main activities of the charity are to provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their life.
Summary of the main achievements during the period
The Covid 19 pandemic severely affected our ability to operate during this period. Whilst we had a brief period opening in September and October we were always limited by operating conditions and were unable to produce any of our community events.
REGISTERED COMPANY NUMBER: 04398319 (England and Wales) REGISTERED CHARITY NUMBER: 1126206
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Hillsborough Arena Sports Association
Jakemond Accountancy Limited 134 Townend Road Ecclesfield Sheffield S35 9YY
Hillsborough Arena Sports Association
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
Hillsborough Arena Sports Association
Report of the Trustees for the Year Ended 31 March 2021
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 March 2021. 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).
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04398319 (England and Wales)
Registered Charity number
1126206
Registered office
Hillsborough Sports Arena Middlewood Road Hillsborough Sheffield South Yorkshire S6 4HA
Trustees
I J Anniss (resigned 14.8.20) P Bowden J M Bower D L Marshall R D Wagland (appointed 4.8.20) A Ellis (appointed 4.8.20)
Company Secretary
Independent Examiner
Jakemond Accountancy Limited 134 Townend Road Ecclesfield Sheffield S35 9YY
Approved by order of the board of trustees on 16 June 2021 and signed on its behalf by:
P Bowden - Trustee
Page 1
Independent Examiner's Report to the Trustees of Hillsborough Arena Sports Association
Independent examiner's report to the trustees of Hillsborough Arena Sports Association ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
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:
-
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
-
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
-
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.
Jakemond Accountancy Limited 134 Townend Road Ecclesfield Sheffield S35 9YY
16 June 2021
Page 2
Hillsborough Arena Sports Association
Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 107,686 Charitable activities Provision of sports facilities 22,539 Other trading activities 2 8,859 Total 139,084 EXPENDITURE ON Raising funds 3,924 Charitable activities Provision of sports facilities 137,446 Total 141,370 NET INCOME/(EXPENDITURE) (2,286) RECONCILIATION OF FUNDS Total funds brought forward 749,154 TOTAL FUNDS CARRIED FORWARD 746,868 |
2020 Total funds £ 11,669 51,791 52,935 116,395 21,026 91,819 112,845 3,550 745,604 749,154 |
|---|---|
The notes form part of these financial statements
Page 3
Hillsborough Arena Sports Association
Balance Sheet 31 March 2021
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Stocks 7 Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 734,084 102 16,008 53,770 69,880 (57,096) 12,784 746,868 746,868 746,868 746,868 |
2020 Total funds £ 734,084 3,216 9,838 35,706 48,760 (33,690) 15,070 749,154 749,154 749,154 749,154 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 16 June 2021 and were signed on its behalf by:
P Bowden - Trustee
The notes form part of these financial statements
Page 4
Hillsborough Arena Sports Association
Notes to the Financial Statements for the Year Ended 31 March 2021
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.
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 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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 5
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Catering | 8,859 | 52,935 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Provision of sports facilities Other trading activities Total EXPENDITURE ON Raising funds Charitable activities Provision of sports facilities Total NET INCOME |
2021 2020 £ £ 37,933 54,578 1,408 2,884 478 777 39,819 58,239 2021 2020 Unrestricted fund £ 11,669 51,791 52,935 116,395 21,026 91,819 112,845 3,550 |
|---|---|
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 6
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 April 2020 and 31 March 2021 734,084 DEPRECIATION At 1 April 2020 and 31 March 2021 - NET BOOK VALUE At 31 March 2021 734,084 At 31 March 2020 734,084 7. STOCKS Stocks 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors |
Unrestricted fund £ 745,604 749,154 Fixtures and fittings Totals £ £ 82,072 816,156 82,072 82,072 - 734,084 - 734,084 2021 2020 £ £ 102 3,216 2021 2020 £ £ 9,116 6,418 6,892 3,420 16,008 9,838 |
|
|---|---|---|
continued...
Page 7
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Bank loans and overdrafts (see note 10) Trade creditors Social security and other taxes Net wages creditor Other creditors Accrued expenses 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 749,154 749,154 Incoming resources £ 139,084 139,084 |
2021 2020 £ £ 25,000 - 913 3,320 11,127 7,265 1,687 4,736 2,129 2,129 16,240 16,240 57,096 33,690 2021 2020 £ £ 25,000 - Net movement At in funds 31.3.21 £ £ (2,286) 746,868 (2,286) 746,868 Resources Movement expended in funds £ £ (141,370) (2,286) (141,370) (2,286) |
|---|---|---|
continued...
Page 8
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.19 £ Unrestricted funds General fund 745,604 TOTAL FUNDS 745,604 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 116,395 TOTAL FUNDS 116,395 |
Net movement At in funds 31.3.20 £ £ 3,550 749,154 3,550 749,154 Resources Movement expended in funds £ £ (112,845) 3,550 (112,845) 3,550 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.19 £ 745,604 745,604 |
Net movement in funds £ 1,264 1,264 |
At 31.3.21 £ 746,868 746,868 |
|---|---|---|---|
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 TOTAL FUNDS |
Incoming resources £ 255,479 255,479 |
Resources Movement expended in funds £ £ (254,215) 1,264 (254,215) 1,264 |
|---|---|---|
continued...
Page 9
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 10
Hillsborough Arena Sports Association
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Donation from HASA CIC Grants Insurance Claim Other trading activities Catering Charitable activities Hire of All Weather Pitches Hire of Pitches Events Room Hire Total incoming resources EXPENDITURE Other trading activities Opening stock Catering supplies Closing stock Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Other expenses Grounds maintenance and premises Licences Repairs and renewals Cleaning and environmental services Bank charges Accountancy Legal Fees |
2021 £ 16 4,886 95,534 7,250 107,686 8,859 9,713 7,378 - 5,448 22,539 139,084 3,216 810 (102) 3,924 37,933 1,408 478 994 1,761 4,796 331 177 - 11,631 157 74,360 1,609 96 1,667 48 137,446 |
2020 £ 25 - 11,644 - 11,669 52,935 15,433 10,975 1,157 24,226 51,791 116,395 4,037 20,205 (3,216) 21,026 54,578 2,884 777 3,043 1,654 7,497 692 108 94 12,032 154 2,386 2,712 161 1,472 1,575 91,819 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
Hillsborough Arena Sports Association
| Detailed Statement of Financial Activities for the Year Ended 31 March 2021 Total resources expended Net (expenditure)/income |
2021 £ 141,370 (2,286) |
2020 £ 112,845 3,550 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
REGISTERED COMPANY NUMBER: 04398319 (England and Wales) REGISTERED CHARITY NUMBER: 1126206
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Hillsborough Arena Sports Association
Jakemond Accountancy Limited 134 Townend Road Ecclesfield Sheffield S35 9YY
Hillsborough Arena Sports Association
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
Hillsborough Arena Sports Association
Report of the Trustees for the Year Ended 31 March 2021
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 March 2021. 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).
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04398319 (England and Wales)
Registered Charity number
1126206
Registered office
Hillsborough Sports Arena Middlewood Road Hillsborough Sheffield South Yorkshire S6 4HA
Trustees
I J Anniss (resigned 14.8.20) P Bowden J M Bower D L Marshall R D Wagland (appointed 4.8.20) A Ellis (appointed 4.8.20)
Company Secretary
Independent Examiner
Jakemond Accountancy Limited 134 Townend Road Ecclesfield Sheffield S35 9YY
Approved by order of the board of trustees on 16 June 2021 and signed on its behalf by:
P Bowden - Trustee
Page 1
Independent Examiner's Report to the Trustees of Hillsborough Arena Sports Association
Independent examiner's report to the trustees of Hillsborough Arena Sports Association ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
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:
-
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
-
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
-
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.
Jakemond Accountancy Limited 134 Townend Road Ecclesfield Sheffield S35 9YY
16 June 2021
Page 2
Hillsborough Arena Sports Association
Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 107,686 Charitable activities Provision of sports facilities 22,539 Other trading activities 2 8,859 Total 139,084 EXPENDITURE ON Raising funds 3,924 Charitable activities Provision of sports facilities 137,446 Total 141,370 NET INCOME/(EXPENDITURE) (2,286) RECONCILIATION OF FUNDS Total funds brought forward 749,154 TOTAL FUNDS CARRIED FORWARD 746,868 |
2020 Total funds £ 11,669 51,791 52,935 116,395 21,026 91,819 112,845 3,550 745,604 749,154 |
|---|---|
The notes form part of these financial statements
Page 3
Hillsborough Arena Sports Association
Balance Sheet 31 March 2021
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Stocks 7 Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 734,084 102 16,008 53,770 69,880 (57,096) 12,784 746,868 746,868 746,868 746,868 |
2020 Total funds £ 734,084 3,216 9,838 35,706 48,760 (33,690) 15,070 749,154 749,154 749,154 749,154 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 16 June 2021 and were signed on its behalf by:
P Bowden - Trustee
The notes form part of these financial statements
Page 4
Hillsborough Arena Sports Association
Notes to the Financial Statements for the Year Ended 31 March 2021
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.
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 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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 5
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Catering | 8,859 | 52,935 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Provision of sports facilities Other trading activities Total EXPENDITURE ON Raising funds Charitable activities Provision of sports facilities Total NET INCOME |
2021 2020 £ £ 37,933 54,578 1,408 2,884 478 777 39,819 58,239 2021 2020 Unrestricted fund £ 11,669 51,791 52,935 116,395 21,026 91,819 112,845 3,550 |
|---|---|
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 6
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 April 2020 and 31 March 2021 734,084 DEPRECIATION At 1 April 2020 and 31 March 2021 - NET BOOK VALUE At 31 March 2021 734,084 At 31 March 2020 734,084 7. STOCKS Stocks 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors |
Unrestricted fund £ 745,604 749,154 Fixtures and fittings Totals £ £ 82,072 816,156 82,072 82,072 - 734,084 - 734,084 2021 2020 £ £ 102 3,216 2021 2020 £ £ 9,116 6,418 6,892 3,420 16,008 9,838 |
|
|---|---|---|
continued...
Page 7
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Bank loans and overdrafts (see note 10) Trade creditors Social security and other taxes Net wages creditor Other creditors Accrued expenses 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 749,154 749,154 Incoming resources £ 139,084 139,084 |
2021 2020 £ £ 25,000 - 913 3,320 11,127 7,265 1,687 4,736 2,129 2,129 16,240 16,240 57,096 33,690 2021 2020 £ £ 25,000 - Net movement At in funds 31.3.21 £ £ (2,286) 746,868 (2,286) 746,868 Resources Movement expended in funds £ £ (141,370) (2,286) (141,370) (2,286) |
|---|---|---|
continued...
Page 8
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.19 £ Unrestricted funds General fund 745,604 TOTAL FUNDS 745,604 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 116,395 TOTAL FUNDS 116,395 |
Net movement At in funds 31.3.20 £ £ 3,550 749,154 3,550 749,154 Resources Movement expended in funds £ £ (112,845) 3,550 (112,845) 3,550 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.19 £ 745,604 745,604 |
Net movement in funds £ 1,264 1,264 |
At 31.3.21 £ 746,868 746,868 |
|---|---|---|---|
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 TOTAL FUNDS |
Incoming resources £ 255,479 255,479 |
Resources Movement expended in funds £ £ (254,215) 1,264 (254,215) 1,264 |
|---|---|---|
continued...
Page 9
Hillsborough Arena Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 10
Hillsborough Arena Sports Association
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Donation from HASA CIC Grants Insurance Claim Other trading activities Catering Charitable activities Hire of All Weather Pitches Hire of Pitches Events Room Hire Total incoming resources EXPENDITURE Other trading activities Opening stock Catering supplies Closing stock Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Other expenses Grounds maintenance and premises Licences Repairs and renewals Cleaning and environmental services Bank charges Accountancy Legal Fees |
2021 £ 16 4,886 95,534 7,250 107,686 8,859 9,713 7,378 - 5,448 22,539 139,084 3,216 810 (102) 3,924 37,933 1,408 478 994 1,761 4,796 331 177 - 11,631 157 74,360 1,609 96 1,667 48 137,446 |
2020 £ 25 - 11,644 - 11,669 52,935 15,433 10,975 1,157 24,226 51,791 116,395 4,037 20,205 (3,216) 21,026 54,578 2,884 777 3,043 1,654 7,497 692 108 94 12,032 154 2,386 2,712 161 1,472 1,575 91,819 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
Hillsborough Arena Sports Association
| Detailed Statement of Financial Activities for the Year Ended 31 March 2021 Total resources expended Net (expenditure)/income |
2021 £ 141,370 (2,286) |
2020 £ 112,845 3,550 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12