**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: 1. 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 3. 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 4. 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** Page 8 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**| |---|---| Page 9 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