2025-03-31-accounts - Hillsborough Arena Sports Association

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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 2025

FOR

HILLSBOROUGH ARENA SPORTS ASSOCIATION

Marriott Gibbs Rees Wallis Limited Chartered Certified Accountants First Floor Unit 4, Broadfield Court Sheffield South Yorkshire S8 0XF

HILLSBOROUGH ARENA SPORTS ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

	Page
Report of the Trustees	1
Independent Examiner's Report	2
Statement of Financial Activities	3
Balance Sheet	4 to 5
Notes to the Financial Statements	6 to 11
Detailed Statement of Financial Activities	12 to 13

HILLSBOROUGH ARENA SPORTS ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 2025. 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 S6 4HA

Trustees

N R J Clark J Tattersall R D Wagland G R Clark-Lee (appointed 10/4/2024) (resigned 23/9/2024)

Independent Examiner

Marriott Gibbs Rees Wallis Limited Chartered Certified Accountants First Floor Unit 4, Broadfield Court Sheffield South Yorkshire S8 0XF

23/12/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. R D Wagland - 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 2025.

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 - matters of concern identified

I have completed my examination.

During the course of my examination, I noted that the charity’s accounting records for the current year were maintained to a satisfactory standard. However, it was not possible to verify the accuracy of certain opening balance sheet figures due to insufficient records from prior years. As a result, adjustments were made to write off these amounts in order to present a true and fair view of the current year’s financial position. This limitation relates solely to the opening balances and does not affect the reliability of the current year’s transactions and closing balances.

I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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; and
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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Tina Dawn Havenhand FCCA

Marriott Gibbs Rees Wallis Limited Chartered Certified Accountants First Floor Unit 4, Broadfield Court Sheffield South Yorkshire S8 0XF 23/12/2025 Date: .............................................

Page 2

HILLSBOROUGH ARENA SPORTS ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
66,397
Charitable activities
Provision of sports facilities
65,829
Other trading activities
2
42,747
Total
174,973
EXPENDITURE ON
Raising funds
31,807
Charitable activities
Provision of sports facilities
100,912
Total
132,719
NET INCOME/(EXPENDITURE)
42,254
RECONCILIATION OF FUNDS
Total funds brought forward
733,718
TOTAL FUNDS CARRIED FORWARD
775,972

2024
Total
funds
£
46,830
26,446
49,431
122,707
31,056
95,741
126,797
(4,090)
737,808
733,718

The notes form part of these financial statements

Page 3

HILLSBOROUGH ARENA SPORTS ASSOCIATION

BALANCE SHEET 31 MARCH 2025

Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Stocks 8 Debtors 9 Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS	2025 Unrestricted fund £ 753,251 3,050 23,992 3,890 30,932 (8,211) 22,721 775,972 775,972 775,972 775,972	2024 Total funds £ 734,084 3,192 5,014 12,506 20,712 (21,078) (366) 733,718 733,718 733,718 733,718

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The notes form part of these financial statements

Page 4

continued...

HILLSBOROUGH ARENA SPORTS ASSOCIATION

BALANCE SHEET - continued 31 MARCH 2025

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 ............................................. and were signed on its behalf by: 23/12/2025

............................................. fogAh __

R D Wagland - Trustee

The notes form part of these financial statements

Page 5

HILLSBOROUGH ARENA SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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.

Fixtures and fittings - 25% on cost

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.

Page 6

continued...

HILLSBOROUGH ARENA SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. OTHER TRADING ACTIVITIES

Catering NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets	2025 £ 42,747 2025 £ 833	2024 £ 49,431 2024 £ -

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Average number of employees
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

2025
2024
£
£
67,142
58,110
(8,271)
1,238
(1,778)
849
57,093
60,197
2025
2024
6
5
Unrestricted
fund
£
46,830
26,446
49,431
122,707

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

EXPENDITURE ON

Page 7

continued...

HILLSBOROUGH ARENA SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Raising funds Charitable activities Provision of sports facilities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024	Long leasehold £ 734,084 - 734,084 - - - 734,084 734,084	Fixtures and fittings £ 68,975 20,000 88,975 68,975 833 69,808 19,167 -	Unrestricted fund £ 31,056 95,741 126,797 (4,090) 737,808 733,718 Computer equipment Totals £ £ 13,097 816,156 - 20,000 13,097 836,156 13,097 82,072 - 833 13,097 82,905 - 753,251 - 734,084

7. TANGIBLE FIXED ASSETS

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continued...

HILLSBOROUGH ARENA SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

8.
STOCKS
Stocks
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
11.
MOVEMENT IN FUNDS
At 1/4/24
£
Unrestricted funds
General fund
733,718
TOTAL FUNDS
733,718
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
174,973
TOTAL FUNDS
174,973

2025
2024
£
£
3,050
3,192
2025
2024
£
£
8,682
5,014
15,310
-
23,992
5,014
2025
2024
£
£
1,866
1,860
53
10,040
2,392
9,178
3,900
-
8,211
21,078
Net
movement
At
in funds
31/3/25
£
£
42,254
775,972
42,254
775,972
Resources
Movement
expended
in funds
£
£
(132,719)
42,254
(132,719)
42,254

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continued...

HILLSBOROUGH ARENA SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/4/23 £ Unrestricted funds General fund 737,808 TOTAL FUNDS 737,808 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 122,707 TOTAL FUNDS 122,707	Net movement At in funds 31/3/24 £ £ (4,090) 733,718 (4,090) 733,718 Resources Movement expended in funds £ £ (126,797) (4,090) (126,797) (4,090)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	At 1/4/23 £ 737,808 737,808	Net movement in funds £ 38,164 38,164	At 31/3/25 £ 775,972 775,972

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 £ 297,680 297,680	Resources Movement expended in funds £ £ (259,516) 38,164 (259,516) 38,164

Page 10

continued...

HILLSBOROUGH ARENA SPORTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 11

HILLSBOROUGH ARENA SPORTS ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other trading activities Catering Charitable activities Hire of All Weather Pitches Hire of Pitches Events Room Hire Hire of Changing Rooms 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 Legal Fees Accountancy Repairs and Renewals Cleaning Licences Bank charges Grounds maintenance Advertising Sundry expenses Carried forward	2025 £ 3,286 63,111 66,397 42,747 11,816 21,049 380 29,314 3,270 65,829 174,973 3,192 31,665 (3,050) 31,807 67,142 (8,271) (1,778) 982 3,237 20,184 968 241 104 5,656 6,017 2,373 168 496 1,963 373 150 100,005	2024 £ 16,700 30,130 46,830 49,431 12,014 80 626 13,726 - 26,446 122,707 2,857 31,391 (3,192) 31,056 58,110 1,238 849 3,913 3,178 14,796 432 22 70 1,589 917 1,443 159 517 8,508 - - 95,741

This page does not form part of the statutory financial statements

Page 12

HILLSBOROUGH ARENA SPORTS ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Charitable activities Brought forward Fixtures and fittings Other interest payable Total resources expended Net income/(expenditure)	2025 £ 100,005 833 74 100,912 132,719 42,254	2024 £ 95,741 - - 95,741 126,797 (4,090)

This page does not form part of the statutory financial statements

Page 13