REGISTERED COMPANY NUMBER: 06893067 (England and Wales) REGISTERED CHARITY NUMBER: 1129592
SEU,REPORT OF THE TRUSTEESTRUSTEES ANDAND —UNAUDITED FINANCIAL_<__ ese STATEMENTSRSENS FFOROR THETHE YEAR ENDEDYEAR ENDED 3030 APRILAPRIL 20252025
FOR HWHC LIMITED
Numera Partners LLP 4th Floor Charles House 108-110 Finchley Road London NW3 SJ]
HWHC LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
==> picture [274 x 161] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Page|
|Report of the Trustees|1|to|6|
|Independent|Examiner's|Report|7|
|Statement|of Financial|Activities|8|
|Balance|Sheet|9|
|Cash|Flow|Statement|10|
|Notes|to|the|Cash|Flow|Statement|11|
|Notes|to|the|Financial|Statements|12|to|17|
|Detailed|Statement|of Financial|Activities|18|
----- End of picture text -----
IWHC LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 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 30 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charitics: 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).
The trustees have had regard to the Charity Commission's guidance on public benefit.
OBJECTIVES AND ACTIVITIES
Objectives
The objective of the charity is the promotion of community participation in healthy recreation by the provision of facilities for the playing of hockey. This includes:
-
Facilitating participation in hockey at all levels and ages for both sexes and encouraging and developing a high physical and moral standard in players;
-
Encouraging and developing hockey in London, and in particular Westminster;
-
Providing training opportunities for instruction of playing hockey, coaching hockey and umpiring hockey; and ~ Cooperating with England Hockey in the provision of playing and other facilities for the game.
Key activities
Hampstead and Westminster Hockey Club was sct up more than 130 years ago in 1894 and since then has established itself as a significant hockey presence in Westminster and England, regularly running competitive and social adult and junior teams, encompassing all levels of ability (national league to local and regional leagues) and including three veterans teams. One of the main day to day activities of the club is to support and promote this wide diversity of hockey involvement and balancing the needs of all members and teams.
The club sceks to attract the best domestic and international coaches and players, allowing their skills and experience to be of benefit to the wider club. This includes the performance players and coaches working with young players from the wider community, and working alongside other club players and coaches running hockey sessions for young or newly interested players from the local area to try out and develop their hockey interest in an informal way. The club plays most of its hockey on the local authority-owned artificial pitches at Paddington Recreation Ground, for which it pays rent via the operator to Westminster Council. The club has a vested interest in working with the local authority to ensure that the facilities provided are fit for purpose, so that not only the members of the club but also the wider local community bencfit users. The club works with Westminster Council to consider ways in which it can promote these activities, for instance with linking with local schools and participating in the London Youth Games. On a continual basis, the club encourages its own members to participate in coaching and umpiring, and the club funds players for coaching qualifications and umpiring qualifications as appropriate.
The club actively works with England Hockey to seek out new opportunities and ways in which it can promote the game of hockey and further England Hockey's national objectives in the central London area.
Page |
HWHC LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The club goes from strength to strength both on and off the field. The Ladies Ist XI finished first in the EHL Premier Division regular season (thereby automatically qualifying for the EuroHockey Club Trophy in 2026 - this is the third time the Ladies Ist XI have qualified for EuroHockey), and fourth in the EHL Premier Division playoffs.
Internationally, the Ladies Ist XI won the EuroHockey Club Trophy in 2025, which was the first major European trophy for the club, and followed on from their Bronze Medal in 2024.
The Ladies 2s finished second in the EHL National League Conference East division, narrowly missing out on the top spot in national conference east. Making them one of the top second teams in the country.
The Men's Ist XI finished 5th in the EHL Premier Division league, and gave a number of junior players their Premier Division debut.
The Men's 2s had a good season in the National League Conference division, in a very competitive league.
The club had another successful year on the international stage, with many junior, senior and masters members representing England, Scotland, Wales, Ireland, Great Britain, South Africa, U.S.A., Australia and New Zealand at junior (U16 & U18), age-group (U21), senior and masters (040, 045, 050, 055, 060 & O70) levels.
The charity has continued to monitor performances against its objectives this year to provide wide-ranging opportunities for participation in hockey both for full-time club members, occasional players, and for an increasing number of young people from the local community. There has also been a renewed focus on ensuring both the financial stability and securing hockey facilities for the club such that hockey provision can and will continue to provide opportunities for all age groups and abilities.
The club successfully ran 18 adult teams and 28 junior teams in 2024/25, which covered all playing abilities. It is anticipated that similar levels of hockey provision will continue as the 2025/26 season commences from September 2025.
Both the elite Men's and Ladies teams continue to meet their performance targets hence enabling the club to continue to improve its junior hockey offering through the provision of high-quality coaching by the elite squad members.
Membership and participation
Aduit Social Club We have approximately 320 paying adult club members, including more than 30 players who have a regular league run-out on behalf of the Vets, Supervets and Grandmasters.
Our wider club network is extensive and the reach of our newsletters go out to 2000+ which comprises a mix of our members, alumni and parents of junior players. Our recruitment over the last couple of years has been so successful that the core section of the club was filled to near capacity with great success in attracting new members who have newly moved to London. There is room for growth within the teams of playing members and we are actively recruiting new members to the core club to strengthen our team numbers during the competitive season.
We continue to promote ladies’ and masters hockey with an aim of retaining existing members and recruiting new members who wish to continue playing hockey with people of their own age groups. We currently run men's veterans (over 40's) and 'super' veterans (over 50's) teams and a 'Grand Masters' team for the over 60's in the London League. In addition, the women's veterans team have a squad of existing members and former players who have been attracted back to the club to for occasional social and England Hockey cup games. We are also now running mixed teams that are competing in the England Hockey competitions.
Members pay subscriptions via a dedicated website hosted by Teamo, to streamline and simplify the process for all parties. In 2024/25 we increased the level of membership subscriptions to £380, with the option of an early payment discount.
Adult leagues
During the 2024/25 season the club was able to participate with 18 teams across the adult section. Four teams were participating in the EHL (England Hockey League) at a national level, as outlined in the performance section.
The rest of the adult club play within the London area of England Hockey.
There are 7 Ladies sides most of whom retained their positions in their respective leagues, apart from the Ladies 6s who were promoted into London Division 3. One highlight of the season was the integration ofjuniors into the Ladies sides.
There were 11 Men's teams, 8 in the adult leagues and 3 in the Masters / Veterans sections. Most Men's teams consolidated their position in their respective London League divisions, with 2 teams unfortunately relegated.
Page 2
HWHC LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
The men were able to integrate several juniors into the national league this year, demonstrating the strength of an integrated youth and performance club. In addition to a youth performance side, the club is fielding a colts team where a number of adult members played alongside the juniors.
Junior Club and Talent Academy
HWHC Juniors membership is capped at 600 players from age 5 to 18, with the main constraint being access to suitable hockey facilities in Westminster.
The junior club plays a key role in the development and participation of young people within Westminster, embodying the values of the club: inclusivity, fun and technically progressive.
The activities provided by the junior club are wide ranging. It provides opportunities for young people to learn about hockey, play matches and participate in tournaments, it represents the borough in the London youth games and enables players to progress into a talent academy and trial for the national teams.
The junior club works in close cooperation with its partners. Key stakeholders include England Hockey, Westminster Council. Hawkin Sport and schools in the local area.
Talent Academy: England Hockey Accreditation
HWHC has maintained England Hockey Talent Centre accreditation in 2025, recognising the quality of HWHC's talent development environment and provision.
Hampstead and Westminster HC is one of 24 clubs around the country to have been appointed as a Junior Talent Academy for the central and north London area.
It is aimed at developing high performance players in the 15-18 age group. A small number of players, 25 boys and 25 girls, will be selected and receive high quality focused training, some of whom will hopefully represent the Club at the senior levels in future. The Talent Academy license has been re awarded for the next three years, as of 2025.
Junior Competitions
The junior section has been successful at all age groups over the last season, which is aligned with the strategy of ensuring the linkage between the performance club and the junior club. The Club managed six teams for the London Youth Games to represent Westminster, Camden and Kensington & Chelsea, Volunteers The club is almost entirely managed and operated by volunteers. The continued support ofour volunteers is integral to the club.
Future developments
Westminster Council continue to support the club and the club is fortunate to have use of the water based pitch, the 3G rubber crumb pitch and mini pitch at Paddington Recreation Ground in Maida Vale. We hope that the 3G rubber crumb pitch in the future will be replaced by a surface that would also be suitable to use for senior hockey training and matches to allow more matches and trainings to take place in Maida Vale.
UCS is an important second pitch that is used regularly for club matches, junior sessions and club training. UCS is renewing this pitch over the summer of. In addition to UCS, the club makes use of the hockey facilities at Mill Hill School and Highgate school, as overflow pitches. It should be noted that due these pitches are only there to support the main pitches at Paddington Rec, as the facilities are limited in their use.
Page 3
WWHC LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
FINANCIAL REVIEW
Financial position
Reserves are needed to bridge the gap between spending and receiving resources and to cover unplanned emergencies and potential costs of replacement of club pitches and facilities.
The financial strategy of the club is:
-
Ensure that the adult club is largely self-funding through subscriptions and match fees
-
To provide junior hockey that is affordable for all, including providing scholarships or financial support where needed, whilst contributing towards the overall running costs of the club
-
Encourage top international and domestic hockey players into the club, providing financial and other support where needed in recognition of the cost of living in or near to Central London
-
To raise funding from donations and similar mechanisms to cover the significant costs arising from both the Men's and Ladies club playing at the highest level of domestic hockey as well as within Europe , thereby ensuring that these costs do not fall solely onto the adult club section
-
And to ensure that those players in receipt of support from the club contribute back to the club in various means, especially through providing coaching to the junior section as well as some adult training.
Financial position 2024/2025
The financial position of the club has improved significantly this season compared to 2023/2024.
The increased focus on cost control combined with the efficient deployment of supported players in the coaching of junior teams have resulted in a lower overall cost base for the performance teams. This combined with other factors and ongoing donations and fundraising has contributed to a significant improvement in the financial position of the club with a positive result for the financial year 2024/2025. The club is showing positive net reserves. The club remains dependent on sponsorship, donations and fundraising to ensure that the ambitions to be one of the top clubs in the country are not constrained by a lack of funding. The risk associated with a dependency on the limited number of people donating has reduced thanks to a combination of the measures taken and the support provided via participation in the 1894 Campaign. The 1894 Campaign was launched in 2022-23 and seeks to bridge the funding gap between club income and expenditure that has resulted from continued growth and successes on and off the pitch. The 1894 Campaign seeks to bridge the funding gap and secure the long-term future of the club by securing sponsors, partnerships, charitable donations, matched giving, fundraising, raffles, auctions, donations and holding an annual fundraising dinner.
1894 Club membership has been at the heart of recent fundraising efforts. 1894 Club Members are those individuals, families, companies and teams that have donated or match-funded more than £1,894 pre-gift aid in a season. A list of all 1894 Club Members and other donors is on the club's website.
There is a willingness amongst the members, alumni, parents ofjuniors and other supporters of the club to provide ongoing support and donations - we are immensely appreciative of those who have supported the club over the years and continue to do so via volunteering, donations and/or fundraising efforts.
The results of the period are set out in the financial statements attached to this report. The club has made positive earnings of £60.3k for the year (compared to a negative result of £19.8k in 2023/24) which resulted in positive total reserves of £21.7k (compared to negative reserves of £38.6k at the end of the 2023/24 financial year).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 30 April 2009 and registered as a charity on 13. May 2009. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Page 4
HWHC LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Directors and trustees The directors of the company are also charity trustees for the purposes of charity law. The club is controlled by a Board of Directors, who are re-elected for three-year periods at the annual general meeting (AGM), and which delegate day-to-day operations to a management committee. The current and proposed trustees are: Richard Sykes, Osman Rankin, Richard James, Jo Edmondson, Kevin Murphy, and Earl Griffith.
During the 2024/2025 year, one trustee, Louise Gelling, stood down from the board after several years of valuable service and we wish to record the club's thanks for the commitment Louise has given to the club over many years. We have appointed two new trustees during the year in Jo Edmondson and Earl Griffith, with their appointments being ratified at the AGM.
Vice Presidents The club has a number of Vice Presidents (VP). VPs are recognised for long-standing service to the club - often former players, committee members, or major contributors. A full list of VPs is available on the club website. During the year three new VPs were appointed - Katherine Baker, Hayley Turner and Annebeth Wijtenburg - for services they have provided to the success of the Ladies 1s and Ladies section over many years, both on and off the field.
In Memoriam In addition, we are sad to record that two long standing club stalwarts and VPs have passed away: Nick Cowley and Tony Swing. We wish to record our commiserations with their families and to thank them for the commitment that Nick and Tony gave to the club over many years,
Induction and training of new trustees New trustees are provided individual inductions on the charity's governance and the expectations of trustees.
Related parties The club provides accommodation support to a few key players and coaches who would otherwise find it difficult to rclocate to and live in central London. Accordingly, the club enters into rental agreements on certain properties to enable this to happen. In return players and coaches will sometimes make a contribution towards the rental costs as well as committing to provide coaching support to the junior programme and/or to some adult club sides. One such property rented by the club is owned bya director and trustee of the club.
Further details can be found in note 15 of the financial statements.
Risk management
The charity trustees have given consideration to the major risks to which the charity is exposed and have satisfied themselves. that systems or procedures are established in order to manage those risks
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 06893067 (England and Wales)
Registered Charity number 1129592 Registered office Apartment 111 3 City North Place London N4 3FR Trustees RA James K A Murphy G O Rankin R J Sykes Miss S L Gelling (resigned 31.12.24) E Griffith (appointed 1.2.25) Ms J L Edmondson (appointed 1.2.25)
Page 5
HWHC LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Numera Partners LLP
4th Floor Charles House 108-110 Finchley Road London NW3 5JJ
Website
https://www.hwhce.co.uk/
STATEMENT OF TRUSTEES' RESPONSIBILITIES
‘The trustees (who are also the directors of HWHC Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
- observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. >
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies,
==> picture [147 x 48] intentionally omitted <==
----- Start of picture text -----
ag * of the i) Of
----- End of picture text -----
HUStCES ON oo. eeeeeeeeteeteeteseteeeeeeeee and signed on its behalf by:
RJ Sykes Trustee -
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HWHC LIMITED
Independent examiner's report to the trustees of HWHC Limited (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 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 ofthe 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 cligible 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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 ofthe 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 4, 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)).
T 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,
Giles Cohen Numera Partners LLP 4th Floor Charles House 108-110 Finchley Road London NW3 5) Date: 01 10% | 20 zs
Page 7
HWHC LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2025
==> picture [432 x 307] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|30.4.25|30.4,.24|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|2|109,397|7,270|116,667|131,182|
|Charitable|activities|4|
|Charitable|Activities|620,608|-|620,608|612,368|
|Other|trading|activities|3|12,598|-|12,598|12,677|
|Total|742,603|7,270|749,873|756,227|
|EXPENDITURE|ON|
|Raising|funds|5|43,891|-|43,891|36,524|
|Charitable|activities|6|
|Charitable|Activities|619,834|25,879|645,713|739,494|
|Total|663,725|25,879|689,604|776,018|
|NET INCOME/(EXPENDITURE)|78,878|(18,609)|60.269|(19,791)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|(58,225)|19,609|(38,616)|(18,825)|
|TOTAL|FUNDS CARRIED FORWARD|20,653|1,000|21,653|(38,616)|
----- End of picture text -----
The notes form part of these financial statements
Page 8
HWHC LIMITED
BALANCE SHEET 30 APRIL 2025
==> picture [433 x 260] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|30.4.25|30.4.24|
|Unrestricted|Restricted|Total|Total|
|Notes|fund£|fund£|funds£|funds£|
|CURRENT ASSETS|
|Debtors|12|6,496|-|6,496|14,953|
|Cash|at bank|94,647|1,000|95,647|47,489|
|101,143|1,000|102,143|62,442|
|CREDITORS|
|Amounts|falling due within one year|13|(80,490)|-|(80,490)|(101,058)|
|NET CURRENT ASSETS/(LIABILITIES)|20,653|1,000|21,653|(38,616)|
|TOTAL ASSETS LESS CURRENT LIABILITIES|20,653|1,000|21,653|(38.616)|
|NET ASSETSALIABILITIES)|20,653|1,000|21,653|(38,616)|
|FUNDS|14|
|Unrestricted|funds|20,653|(58,225)|
|Restricted funds|1,000|19,609|
|TOTAL FUNDS|21,653|(38,616)|
----- End of picture text -----
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.
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 wel —Dely 228 and were signed on its behalfby: | RJ< Syl
The notes form part of these fmancial statements
Page 9
HWHC LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2025
| 30.4.25 | 30.4.24 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 48,158 | (15,117) |
| Net cash provided by/({used in) operating activities | 48,158 | (15,117) | |
| Change in cash and cash equivalents in the | |||
| reporting period | 48,158 | (15,117) | |
| Cash and cash equivalents at the beginning | of | ||
| the reporting period | 47,489 | 62,606 | |
| Cash and cash equivalents at the end ofthe | |||
| reportingperiod | 95,647 | 47,489 |
The notes form part of these financial statements
Page 10
HWHC LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2025
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 30.4.25 | 30.4.24 | |||
|---|---|---|---|---|
| Net income/(expenditure) forthe reporting period (as pertheStatement of | £ | £ | ||
| FinancialActivities) Adjustments for: |
60,269 | (19,791) | ||
| Decrease/(increase) in debtors (Decrease)/increase increditors |
8,457 (20,568) |
(7,992) 12,666 |
||
| Netcash provided by/(used in) operations | 48,158 | (15,117) | ||
| 2. | ANALYSISOFCHANGES INNETFUNDS | |||
| At 1.5.24 | Cash flow | At 30.4.25 | ||
| Net cash | £ | £ | £ | |
| Cash atbank | 47,489 | 48,158 | 95,647 | |
| 47,489 | 48,158 | 95,647 | ||
| Total | 47,489 | 48,158 | 95,647 |
The notes form part of these financial statements
Page 1]
HWHC LIMITED
- ACCOUNTING POLICIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
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.
The presentation current of the financial statements is the Pound Sterling (£) and rounded to the nearest £.
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
Tangible fixed assets are measured at historic cost less depreciation.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% straight line
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.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Cash at bank
Cash is represented by cash in hand and deposits with financial institutions repayable without any penalty on notice of not more than 24 hours.
Creditors
Short term creditors are measured at transaction price.
Going concern
After reviewing the charity's forecasts and projections for the next 12 months from the date of this report, and noting no existence of material uncertainties, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern policy in preparing its financial statements.
Page 12
continued...
HWHC LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 APRIL 2025
| 2. | DONATIONSANDLEGACIES | DONATIONSANDLEGACIES | ||
|---|---|---|---|---|
| 30.4.25 | 30.4.24 | |||
| Donations Donations - 1894Club |
£ 69,050 47,617 |
£ 66,207 64,975 |
||
| 116,667 | 131,182 | |||
| 3. | OTHERTRADINGACTIVITIES | |||
| 30.4.25 | 30.4.24 | |||
| Player supportcontribution Otherincome |
£ 12,185 413 |
£ 10,950 1,727 |
||
| 12,598 | 12,677 | |||
| 4, | INCOMEFROMCHARITABLE ACTIVITIES | |||
| Subscriptions, match fees and | Activity | 30.4.25 £ |
30.4.24 £ |
|
| juniorcamps Fundraising |
Charitable Activities CharitableActivities |
567,280 53,328 |
560,088 52,280 |
|
| 620,608 | 612,368 | |||
| 5. | RAISING FUNDS | |||
| Raising donations and legacies | ||||
| 30.4.25 | 30.4,24 | |||
| Support costs | £ 43,891 |
£ 36,524 |
||
| 6. | CHARITABLE ACTIVITIES COSTS | |||
| 30.4.25 | 30.4.24 | |||
| £ | £ | |||
| Performance teams support costs Pitchhire Coaching costs Juniorcoaching andmanagement Juniorgeneral expenses (pitch hire, Match and league feesand teas Eventcosts Scoreboard costs Independentexamination |
kit, tour) | 122,347 106,198 91,656 182,498 82,302 36,970 15,538 6,955 1,250 |
125,999 142,852 120,261 193,285 86,453 55,801 13,592 0 1,250 |
|
| 645,713 | 739,493 |
Page 13
continued...
HWHC LIMITED
- SUPPORT COSTS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
Raising donations and legacies
Other £ 43,891
8. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024,
| 9. | COMPARATIVESFORTHE | STATEMENT OF FINANCIAL ACTIVITIES | STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 127.126 | 4.056 | 131,182 | ||
| Charitable activities | |||||
| Charitable Activities | 612,368 | - | 612,368 | ||
| Othertrading activities | 12,677 | - | 12,677 | ||
| Total | 752,171 | 4,056 | 756,227 | ||
| EXPENDITURE ON | |||||
| Raising funds | 36,524 | - | 36,524 | ||
| Charitable activities | |||||
| Charitable Activities | 739,494 | - | 739,494 | ||
| Total | 776,018 | - | 776,018 | ||
| NETINCOME(EXPENDITURE) | (23,847) | 4,056 | (19,791) | ||
| RECONCILIATION OFFUNDS | |||||
| Total funds brought forward | (34,378) | 15,553 | (18,825) | ||
| TOTALFUNDSCARRIED | FORWARD | (58,225) | 19,609 | (38,616) |
- INDEPENDENT EXAMINERS' REMUNERATION
The independent examiners' remuneration was £1,250 (2024: £1,250).
Page 14
continued...
HWHC LIMITED
il. TANGIBLE FIXED ASSETS
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 APRIL 2025
==> picture [425 x 277] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Fixtures|
|and|
|fittings|
|£|
|COST|
|At|||May 2024|and|30|April|2025|7,296|
|DEPRECIATION|
|At|1|May 2024|and|30|April|2025|7,296|
|NET|BOOK|VALUE|
|At 30|April|2025|-|
|At 30|April|2024|-|
|12.|DEBTORS:|AMOUNTS FALLING|DUE WITHIN|ONE YEAR|
|30.425|30.4.24|
|£|£|
|Other|debtors|6,497|1,844|
|Prepayments|and accrued income|qd)|13,109|
|6,496|14,953|
|13.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR AMOUNTS FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR DUE WITHIN ONE YEAR WITHIN ONE YEAR ONE YEAR|
|30.4.25|30.4.24|
|£|£|
|Accruals|and|deferred income|80,490|101,058|
----- End of picture text -----
- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR AMOUNTS FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR DUE WITHIN ONE YEAR WITHIN ONE YEAR ONE YEAR
Included in accruals and deferred income is deferred income of £40,375 (2024: £30,000). This relates to junior subscription income of £30,000 (2024: £30,000) and social ticket sales of £10,375 (2024: £Nil). 14, MOVEMENT IN FUNDS
==> picture [398 x 259] intentionally omitted <==
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.5.24|in|funds|30.4.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|(58,225)|78,878|20,653|
|Restricted|funds|
|Restricted|19,609|(18,609)|1,000|
|TOTAL FUNDS|(38,616)|60,269|21,653|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|3|
|Unrestricted|funds|
|General|fund|742,603|(663,725)|78,878|
|Restricted|funds|
|Restricted|7,270|(25,879)|(18.609)|
|TOTAL FUNDS|749,873|(689,604)|60,269|
----- End of picture text -----
continued...
Page 15
HWHC LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 APRIL 2025
14. MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
==> picture [399 x 412] intentionally omitted <==
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.5.23|in|funds|30.4.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|(34,378)|(23,847)|(58,225)|
|Restricted|funds|
|Restricted|15,553|4,056|19,609|
|TOTAL FUNDS|(18,825)|(19,791)|(38,616)|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|752,171|(776,018)|(23,847)|
|Restricted|funds|
|Restricted|4,056|-|4,056|
|TOTAL FUNDS|756,227|(776,018)|(19,791)|
|A|current year|12|months|and|prior year|12|months|combined|position|is|as|follows:|
|Net|
|movement|At|
|At|1.5.23|in|funds|30.4.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|(34,378)|55,031|20,653|
|Restricted|funds|
|Restricted|15,553|(14,553)|1,000|
|TOTAL FUNDS|(18,825)|40,478|21,653|
----- End of picture text -----
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
==> picture [399 x 105] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,494,774|(1,439,743)|55,031|
|Restricted|funds|
|Restricted|11,326|(25,879)|(14,553)|
|TOTAL FUNDS|1,506,100|(1,465,622)|40,478|
----- End of picture text -----
Page 16
continued...
HWHC LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 APRIL 2025
- MOVEMENT IN FUNDS- continued
The restricted fund is made up of a Nick Cowley trophy fund of £1,000 (2024: £nil). The 2024 restricted fund is made up of a new scoreboard fund £8,075 and other funds for junior equipment and player support £11,534,
- RELATED PARTY DISCLOSURES
The club provides accommodation support to a few key players and coaches who would otherwise find it difficult to relocate to and live in central London. Accordingly, the club enters into rental agreements on certain properties to enable this to happen. In return players and coaches will sometimes make a contribution towards the rental costs as well as committing to provide coaching support to the junior programme and/or to some adult club sides. One such property rented by the club is owned by a director and trustee of the club. The rental agreement is based on a cost reimbursement basis and hence is considerably below a market level rent for the property. the net costs incurred by the club under this agreement which was entered into in July 2016 were £19,000 in 2025 (2024: £16,200).
Page 17
HWHC LIMITED
==> picture [432 x 489] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|DETAILED|STATEMENT|OF FINANCIAL|ACTIVITIES|
|FOR THE|YEAR ENDED|30 APRIL|2025|
|30.4.25|30.4.24|
|£|£|
|INCOME|AND ENDOWMENTS|
|Donations|and|legacies|
|Donations|69,050|66,207|
|Donations|-|1894|Club|47,617|64,975|
|116,667|131,182|
|Other|trading|activities|
|Player|support|contribution|12,185|10,950|
|Other|income|413|1,727|
|12,598|12,677|
|Charitable|activities|
|Subscriptions,|match|fees and junior camps|567,280|560,088|
|Fundraising|53,328|52,280|
|620,608|612,368|
|Total|incoming|resources|749,873|756,227|
|EXPENDITURE|
|Charitable|activities|
|Playing,|coaching|and|player|support|644,463|738,244|
|Independent|examination|1,250|1,250|
|645,713|739,494|
|Support|costs|
|Other|
|Insurance|9,059|5,835|
|Sundries|2,152|1,940|
|Bank|fees|15,339|16,347|
|IT|costs|10,628|7,102|
|Accountancy|6,382|4,738|
|Subscriptions|331|562|
|43,891|36,524|
|Total|resources|expended|689,604|776,018|
|Net income/(expenditure)|60,269|(19,791)|
----- End of picture text -----
This page docs not form part of the statutory financial statements
Page 18