HADLEY WOOD SPORTS TRUST (Private Company kn"rnited by Guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020 COMPANY REG NO. 6011099 CHARrtY NO. 1129894
HADLEY WOOD SPORTS TRUST (Private Company Limited by Guarantee) Contents Legal and adFninistratNE in10natIOn Report of the tree5 Rep)rt ol the Independent examiner ststement of Finanoal ActivitE5 Balance Sheet Cash F Ststement Accounting [k)IK$ 8-9 Notes forming part of the financi?1 ststetnents 115 Detsid irKome & expendr(ure account 14 Page 14 doesnot fom7P8rtof theststtrtoryaccounts.
HADLEY WOOD SPORTS TRUST IPrNate Cornpany Limtted by Guarantee) Le al and Administrative Information rrurtees and directors Oirertor P R Renkin K Garter A Dapis AdMInration office.. RaydÈan House. Wèstem Paradt Great Noth Road Bamet. Herts ENS IAH RegisteTed office= Pr Accounting 5eMTr5 Raydean House. Westem Parade Great Nonh Road Barnet. Herts EN5 1AH Charity registration no.: 1129894 Company registration no.: 6011099 (England & Wa Independent examiner.. Micha1 Michael FCCA ACA Christopher MKhael LiTntted Chartèred Cerrified A(JnI3nts & ststutory Auditors 26 Ststion Rtsd New Bamel Hens EN5 IQW Bankets- Lioyds TSB 111 Darkes Lane Potters Bar HeTts EN6 IBS TSB 111 Carkes Lane Potters Bar Herts EN61BS Page 1
HA wo LPiivate C Dire '&TT D SPORTS TRUST im ed b Guaran ees. R ort f r the Year nded ovem r 2020 The trustees are pleased to present their annual diredors, rep)rt for the year ended 30 November 2020 whh is also prere0 to meet the wuirements for a director5 rerM)rt and actounts for Cornpanies Art purry)se5. The fiTrancial 5tatemenis cornpty wtth the Charirw Act 2011. ttr.e Companvès Aa 21)06, the Memorandum and Article5 of sociatDn. Accounting and RertIng by Chanbes.. Staternent 0¢ Recommended Prartice applicable to chanties preparing thEir accounts in acmrdarKe wth the Finantial Re[)ng Standard applicable in the UK and Republic of Ireland IFRS1021. StructUTe, Govemance and Managernent Docum nt Hadley wood Sports Trust Is a company limrted by guarantee and ts a registered charty. company was established under a ,IAemorandum ol As%(KiatJon which estabIhed the (eas and FX)WEt5 01 the charitabie company and is governed under tt5 Articfe5 of A550ciation. In the event of the comrAany ling vbvund up. memters are required to cltrIbUte an 8mount not e¥cÈeding £1. nt The trustees and direaot5 who h4ve Served through(rt the year arp shcw ¢)n page l. Wintment of direCtOr[ustees is govÈrned by the Memoran¢Jum & Artic of A550Ckion. New Trustee5 undergo training on their legal obligaknons as under Charty Law. the deClon rnakiro prts5, thè busine55 pl6p. and recènt performanTr of the charrty. The ch8rity Is organized so that thè t[Ull med regularty to maA3ge its affair5. P Renkin manaw the day to day administration of.the charity and pOrt to the Trustee5 at monthty Trust mting5. The trustees actwÈly review the major n5k5 whKh the charity face5 on a regular bas and bplieve that tnaintaining re5eTVP5 at the current Leve&. cotnbined with an annual rewe•4 of the controk ry4er key h"naroal 5y51erns. wll provide sufficient resources in the event of athersÈ condOn5. None of the truste receNe remuneration or otlEr benÈfrt in their capacty as tru>tee5 01 the crity. Any connection betreen a trustee of the charty and organisatK)ns prowding See5 to charity must be dck)sed to thp full board of trustee5 in the same way as any contractu81 relationship wth a ted rty. In the current year M such related wrty transactions were reported. The direaor5 consider that the board ol directors. who are thp Chartty's trugtees. and senior minagement team cotnprL5e the key rnanagement personnel o the critY in char9È ol direcung. controlling. running and oFErfjting the charity on a day to day ba$. No diFect¢r rKeNed remuneration in the year. PuTPD5e and obiectwes The charty's objects and its principal acLNftie5 contind to be that of Promoting community participation in heahY recrpation by providing facilitie5 for plawng football and Diher sports_ Achievements and rfQrrnance The trustees con51der that Ihe chattty's artviitie5 01 p.'omoting participation ln heakhy retrpation by providing facilitie5 for pLRying football and other sport5 ha5 been s$Ful in meeting it's obJectNe5. Page 2
HADLEY WOOD SPORTS TRUST (Private Company Limited by Guarafiteel Directors, & Trustees. Report for the Year Ended 30 No¥tmber 2020 Icontinuedl Financial review Total Income forlhe year arrK>unted to f62.090 with totsl expEnditure amounting to £39.385 kning 3 profrt in the year of £22.705. Accurnulated reserves at the baLtrrie Sheet date amounted to £l.119.186. of whth £l.119.186 rèpresent intome reseTres. Investment powets and policy The trustees have invested all of the grants reNed into the devekwent of the yrting facility. Financi31 review The ststement of finantial aaiviii for perk)d set on pa 5 of finarwl staternent5. The irustee5 are optimi5tpc that the following ytst5 will generate adeqijate net incoming resour. The wlicy ol the trustees Is to c()ntinue to maintain uDrestrtied reserves ai a reasonab ve1 to futsill the objects tsf the charity. The charrty shoukl ha% minimum reserves of six month5 Worth ol expendthre. Trustees re5pon5ibilities in relatk?n to the financial statements The charity trustee5 (who are also directors of the Company for the purrxw ol company lawl 8re responsible for preparing a t."ustees' annual report and finanoal statements Ir aordae with apoicable law and United Kingdom Accounting Standard5 (United Kin9d¢m Generally Accepied Accounting Prè(tKel. select suitable accounting poliiie5 and appty them Consent." trbsetve the methods and ptinciples In the Charities SORP-. makè judgments and estimat thai are asonable and prudÈnt". - State whether app1scae UK acco4Jnting standard5 have tÉen fdkwed, subieci to any tnaterkil departure5 disclosed and expl8inpd in financial ternents. - prepare financial staternents on a trng co1M basi5 ir$aPppr]te to presume tkt the charity will continue In operation. The trustÈÉs are reSporIble for keeping accounting records whKh dsclo* with reasonab accuracy at any time the financial FK)Sltion of the charrty and enable them to ensure that the financial 5taternents cornpty with the Comwniè5 Act 2006. They are also resFK>nsible for 5aleguèrding the asspts of the chorty and heno lor tsking reasonab steps lor the prevention and dÈtertion of fraud and other IrregUrIe$. Directors and trustees The tr&siees who Bre directors for the puw of company who have seNed during the year and up to the date of this report are Sei out on page 1. Statement as to discb5ure to our Independent examiner In 50 far 8$ the irustees are aware at the time of appron9 our tILW' annual rewjrt.. - there 15 no relevant information. being infoTmabon needed by the lThJepondent ernInr in mnnection wrth preparing their reporL of which the company's independent unaware- and - the trustees. hawng made enquirie5 01 felkhy directors and the company Independent examirrdr tt they ought to have Individually taken, have each taken all aeps that hetshe 15 obliged ro tske as a direaor in order io make themselves aware ol any relevant Information ar to estalSh that the Independent examiner ts aware of that InfOrMatn. y order o es P R Renkin- Trustee & Direaor Date= Page 3
HADLEY WQOD SPORTS TRusr (Private Company kn"mited by Guarantee} Independent Exarniner'5 Re ort to the Trustee5 of Hadl Wood S rts Trust I report on the accounts of the company for the yearended 30 Novem[ 2020, whtch are set OLrt on pages 5 to 13 Respective responsibiltlies of arHI examineT Thè trustees (who are also the dirertOT5 of the company for the wrtK)ses of company Lawl are responsible forthe preparaiion of the accounts. trustee5 consider that an 8udit not Tequired for this year under seaion 144 of the Charitie5 Act 2011 Ithe 2011 Act) and that an IndeFÉndent examination is needed. l atn qualifid to undertake the exarnin£trtin by being a qualrfEd memtErol the ACCA. aving satisfied myseff that t charty is subjert to an Audit undÈriOmnY law and 15 eligible for an independent examination. tt is my responsibility to.. Examine the accounts Under Section 145 of the 2011 -to follow the procedures L¢id dwn in general DIrectn5 gNeA iry the CharQ CoMms1on undersectk)n 14515Xbl of the 201 l Aa." and -to 51ate whether particuLBr mattefs ha come to ry attention. Basis of IndeFendent exarnIr.$ rÈFKYt My examination was tsrried out In accordarKe vthh the general OirectK)ns ghÈn kry the ChaFtty Comm155H)n. An ex8miTration includes a remy of the accounting [OrdS kept by the crIty and a totnparison of the accounts Pfesented with those rOrdS. It also include5 cOrtydetat of any unusual items or dixlosures in the accovnts, and seeking explanatK)ns from you as trustees concerning suth rnatter5. The procedures Jndèrtaken do not provide all the evidence that would be requId in an audTt and con5equentty TK) opinion gwen a5 to whether the accounts present a "true and fair ¥. and the rewrt i5 limited to matters set out in thp statement below. Independent examiner's Statement In connection M4th my examirFatian. Tnatter has corre lo my attention-. 111 which gNe5 me reasonable CaLtr to tha( In any material ie5PPrt requirernents.. lal to keep atcounting records in accOrdae selon386 of cornpanies Aa 2006. and Ibl to preFxre accounts which accord wrth ihe atcouniing retord5 and cotnptywth the accounting requirements of 5ettion 396 of the Companres Art 2(NJ6 and with the methods and princip$ of the Ststement of RecoMmeed Practice.. Accounting and ReFQrting by CharitE5 have not been met, or 121 to which, in my opinK)n. attenti[ sk)uld be drawn in order to enable a prop*r undeTStsnding of the accounts to be feathed. Independent Examiner Micha1 Michael for and on beha of Chri51opher Michael Ltd. Charteied Certified Accountants & ststirtory Audf(or5 26 Station Road. New Barnet. Hert5 EN5 IQW Date.. Page 4
HADLEY WOOD SPORT5 TRUST (Private Company Limtted by GuarantÈel Statement of financial activities for the ear ended 30 November 2020 Unre5trictedl Designated Funds Relicted Fun Total 2019r20 Total 201811 Not Income.. Donat5 and restrictrd grants Income Irom chant0e attTrrts.' 314 38.50D 38.500 35.330 Income fron7 Other artwities Other income 1.090 22,500 1.090 22.5 227 Rental income 30,000 Totsl income 62.090 62.090 65.557 Expenditure Expendittrre on charitebkactsL¢itÉs.' Dirert charitab exnduT Management and adrninistratk)n 34.543 34.%3 41.820 4.B42 4.842 1.326 Total expenditure 39.385 39,385 4B,146 Net incomejlexpendtiurel and net movements in funds before gains and1055es on investrnents 18 22.705 22.705 22,411 Inter-fund transfer5 Total lunds brought foFWaTd 1.096.481 1.096.481 1.096.481 Total funds carried forward 1,096.481 The 5fatement of finaAcSal artnines includè5 all Eains and SSeS in the year. COming resoueS and rewJrce5 expended derivè frDm contir>uing att¥Ie5. Page 5
HADLEY WOOD SPORT5 TRUST (Private Company Limited by Guarantee) BALANCE SHEET AS AT 30 NOVEMBER 2020 Fixed Sets Tangiblp assets Leasehold 14 1.041,381 1,06D.171 Totsl ed assets 1.041.381 1.060,171 Current Assets Debtor5 Cash èt bank and in hand 767 86,879 62,489 Total current asts 87.646 62,489 Creditor5.' amounts falling due within one year 16 11,2501 12,5881 Nei current assets 86.396 59,901 1.127.777 1,120,072 Credrtors.. amounts falliny due 8fter one year 17 18.5911 123.5911 NET A5SEfs 1,096,481 The funds ol the Charty.. Unrestrictpdfftestritted fund5.' 1,119,186 1.096.481 TOTAL CHARfTh FUNOS 1.119.186 1.096,481 The note5 at pages Ioto 13 form part ol these aCCDunts For the financial year in quest#)n tl cc¥npany wa5 ent[1 to pxemptx under seCtn 477 of comnieS Act 2006 relating to srnall camp¥niÈs. No Membe have required the iompary to obtain an audri of tt5 accounts for year in qUestn In accordanTr wich section 476 of tho Compani* Act 2006. The direttors acknthedge theii resnblI[ty for comp"ng the requirements of the Act with $pert to accounting records and the preparat of accwnts. These accounts have been prerert in accordantr bwith pr)ft$ appliobk to Compan subjert to the small companies, regime. Approved b Èès ATE.. P R Renkin Trustee & Company Director Page 6
HADLEY WOOD SPORTS TRUST Statement of cash fiows A5 AT 30 NOVEMBER 2020 207W20 2018119 Totsl Funds Prior year Funds Cash flow5 from opprating artniities.. Net Cash prowded by (used inl operating activttie5 Cash flow5 from Investing actwrfties Dividends. InterE5t and rents from Investments Purchase of ftted a55et investments Purchase of t8ngIb fi¥ed assets Net cash provided by / Iu5ed inl irNesting actwitR5 24.314 42.546 76 76 15.2501 24.390 37.372 Changè in cash and cash eqUats in the reporting period Cash and cash equivalents at beginning of the rewrting rk)I Cash and cash equnialents at the end of ihe rep)rting period 24.390 62.489 37,372 25.117 86.879 62,489 Reconciliation of rnovement in funds to net (ash flty4 frorn wrating actNities Net movemènt in fund5 forthe pOrting p2rK)d las pe¥lhe 50FAI Adjustrnenis for.. Depreciation charw Dividend5. Interert and rents from irvestments lincrea5eydecrease in debtor5 increa5eldecrèasel in crÈdttor5 22.705 22.411 18.790 1761 671 116.3381 18,790 1761 83 1.338 Net cash provided by lused inl operating actNitie5 24.314 42.546 Analysis of cash ar cash equNaknts Cash in hand 86,879 62.489 Total cash and cash equivalents 86.879 62,489 Pa9e 7
HADLEY WOOD SPORTS TRUST (Private Company Limr(ed by GuaTantèel NOTES TO THE FINANcL STATEMENTS for the ar ended 30 November 2020 cc The principal accounting m11c% adopted. judgments and key sources tsf estimation uertaInty in tFE preparaiion of financial statÈments ao as follow5 Ba515 of Preparatn The Financrdl 5tstemEnts have been prepared in accordance wth A[cnting and RÈportin9 of charities SORP 4pplicable to charities prewring their accounts in attOrdan with Financkil Reporting Standard applicab in the UK and Republic of Ireland IFRS 1021 Ipflective date l Janu8ry 20151- Chartties SORP IFRS 1021. the financkil rerM)ning standard applicable in the UK and Republic ol Iroland IFRS 1021 and the Companies Act 2006. Hadley Wood Sports Trust meet the definitK)n of Charity undei FRS 102. A55ets and I&3biliti ate Inr(181 recogn15ed at htnC31 c05t or transaction value unless 0lhewe stated in the leVant èicounting p)licy lrntesl. ReconcilFation wrth previous GAAP In preparing the accounts ihe trustee5 hève considpred Wther in apptying the accounting polic5 required by FRS 102 and the Charrties SORP FRS 102. the reinstatement ol cornparatWÈ item was required. At the date of transitn no other re5tatemetrt5 re wuired. Incoming re50ur Income (including inc<)rne from governrnent and Otr grants) is reCOgned when the tharity has entitlement to thè funds. any pertormante conditK)ns to thp ttems of income have bÈÈn rret. r( ts pr}a that the incorne wll be receNed arTrd the amount C8n be measuied reliably. Interest and invÈrtment income receab$2 Interest on fund5 neld on depJsrÉ and incorne from irwestments hekl iluthd when rewab and the amount can bt measvred reliable by the charity. Fund accounting Unrostrrted funds are avaiillb to spend on thal fvrthpr any of the purFK)5e5 of charity. Designèted funds are urire5trictÈd funds ol the charity which the trusrees have decided at theii dret10Th to Set aside for a specrfic purpD5e. Restriaed funds arè donation5 Qr grants which the donor has spe(rfd ère to be S01e used for a partKular purK¥)5e or area ol Trust's wk or projects being undertaken by the Trust. E¥pendtLure Expenditure ig recognised once therp a legal or consirLthe otAigatK>n to rnakE a payment to a third party. rt is probable tkt 5ettlernent will be required and the arnount of the obli9atK>n te measured relkibly. Expenditure 15 clagfied under the follMn9 headings. 05t of raIng funds comprise the cost of comrfr¢ral tradin9 expendiiure on chantable attNtties Includes the c05t of operating the nuTsery and outreach seryices m8nagement and administration includes suptort Costs for those funaK)ns that assist the work of tE char -Èxpenditure on ftted assets ts capaliSed and Incle in baLincÈ Sheet at cost le55 depreciation. A corresponding amount E included in a designated fund undÈr reservos to refÉct the rt value of the assets s loa secured on tse a55ets. Taxation As è registered chanty. the organisatK>n eXemPt from irthrne and cO10n to tlE eent that income and gains ère applicable to charttable purposes only. Operating lease5 Rentals p8id under operating aS are ctr%3rged to incorne on a 5traight14ne *xA&5 over the ase term. Tangible ffed assets Tangible filed assets lor use by the charrty Ofe ststed at C05t less depreCIat_ Depreciation Is provided it rates cokuLBted io write off the cost or valUatn of assets. their estimated residual value. over thEir expected useful Iwes on the folknving ba5e5.' propÈrty - ovèr lrfe of lee office equipment- 25% Reduung balance Page 8
HADLEY WOOD SPOIIT5 TRUST {Private Company Lirntted by Guarantee) NOTES TO THE FINANCIAL &fATEMEvfs for the ear ènded 30 November 2020 Fixed asset Investments InvÉ5tmentS 8ro a form of basic financkBI instrumeftt and are initk31ty reCogned at t1[ tTan5aaion value and subsÈquentty measured at their f8ir value as ai the balance sheet date using the cbsing quoted market prre. The statement of fInala1 actDfitie5 Included the net gain5 and105ses arlA9 on raluatIOn and dispDsals throughout thÈ year Debtor5 Trade and other debtor5 are rÈtogn15ed at the Settment amomi due after any trade discount offered. Prepayments are valued at the amount prepaid net ol any trade d0uftts d. Cash at bank and in hand Cash at bank and In hand includes cash and short term highty Iwuid investrfEnts wit 8 short tnaturny ol less than three months from the date of 8cquisr(ion or 0rn9 ol the deKX)5rt orsimibr account Credrcors and prowsions credito and provisions are recognised where ihp charty ha5 a present Oblit)n resulb.ng from a past event that will probabty iesu in the transfer of funds to a third party and amount due to sett the ouigation can measured or e5tirnated reliab. Financk41 instruments The tr1 has only has financial assets and finanoal luabilities of a kind that qualrfy as basit finarKKèl instrumènts. The charity doè5 not acquire put options, denv3twes or other complex finantkil instruments_ The main fom of finanoal nsk laced by the charty 15 thèt of volatility in equrty and invenrnent rnarkets due to wider econom condr(nS. the 3ttrtudp of Investors to rk. and change5 in sèntiment Concerfting equities. Pa9* 9
HADLEY WOOD SPORTS TRUST IPrivate Company Limited by Guarantee) Note5 to the financial statements for the ar ended 30 November 2020 l Legal statu5 of the Trust The Trust 15 a ComnY limited by guèrantse and ha5 no share Capital. In the eveni of the charity being wound up. the liability in respert of the guarantee ts kmite(I to El membor of the charity. 2 FinanciEI perfornian of the chatTty Nov-20 Incotne 62.090 65,557 Expendrture on charitable ac[N[tS Expenditure on tnanagement and adrninistration Depreciation 34,543 4.842 41.820 .326 39.385 43.146 Net income 22.705 22,411 Total funds brought forward Total funds carried fotward Represented by.. Unrestricted funds 1.096,481 1,074.070 1.119.186 1,096.481 1.096.481 3 Income frorn DDnations and Gfants Grants rptrwable Donations 35.51 35,330 38.500 4 Income fram charitatsk arti¥thes The London M8r3thon Fwtball foundaiion Lottery Fund 35,330 5 Income from other actNf(ies Rent Received Fees Inierest receniable 22,500 30.IK)O 1.500 227 490 23.590 31.727 6 Analysis of expÈndf(ure on charitable attttEs Staff cost5 Depreciition Other running C05t5 Donations 18,790 15.753 18.790 19.900 3,130 41,820 34,543 7 And5 of governantr and 5UPWrt C05t Staff costs Audit and account8tKy Bank chfjrse5 Other legal & professional 1,250 77 3,515 7.250 76 4.842 1.326 Page 10
HADLEY WOOD SPORTS TRUST IPTlVate Company Limtted by Guaranlee} Notes to the financial 5talernents for the ar ended 30 November 2020 Nov-20 No¥-19 8 Net income lexpenditurel tor ar This is stsied after charg'.ng". neprpch3tK)n -owned assets Audiiors remuneraiion lor other Se5 18.790 1.250 18,790 1,250 9 Trustees, rernuneration Thè trLEtees were not pak4 or re(ewl any other berfts from the CharFty dufin9 th2 year in iFir capac1 as irust&5. 10 Related party transaction5 A5 at 30 November 2020. A Dawis and K Gafber. both Trustee5 4%pre tred £NIL12019".NIL) by the Trust. No interest was charged as at the year end. I l Grants Income from grants compfis of gram furKling made availab fy various funding to fund the constructk)n of the swrting facilities. See Mie 4 lor more infomation and to the amount and sources of these grants 12 Corporation Tax Thè Charity exempt from tsx on incorne and gains falling lIn 5eCtK>n 505 of the Taxe5 Act 1988 section 252 of the T8xaln ol Chargeable Gain5 Act 1992 to the e(ent that the5E are aF4'ed to its charitsb object5. 13 st4ff costs There were no staff costs Page11
HADLEY WOOD SPORTS TRUST (Prrvate Company Limited by Guarantee) Notes to the financial statemènts for the year ended 30 November 2020 Leasehold Equipment Tot31 14 Frxed assets C05t'. At l Dec2019 AdditlOn5 1.119277 5.250 1.124.527 AI 30 Nov 2020 1.119.277 1.124.527 Depreciation At l De(2019 Char9e in year 63.043 17.477 1.313 1.313 64.356 18.790 At 30 Nov 2020 80.520 2.626 Net book value At 30 Nov 2020 1.038,757 2.624 1.041.381 At 30 Nov 2019 1.056.234 3.937 .060.171 Nov-20 Nov-19 15 Debtor5 Amounts due within one year.. VAT Repayèb 767 767 16 cd[lorS Arnounts falling due within one year Short Term Bank Loèn5 Vat payable A£crued expenses and trade credrtors Deferrod Incorne 88 2.500 1.250 1.250 2.588 17 Credrtors Amounts falling due after one year". Long Term Bank Loans Other Long Term Creditti 8.591 23.591 8,591 23,591 The long tertll bank k)an s secured by a Ied Crge overthe leasehold LatKI. Page 12
HADLEY WOOD SPORTS TRUST (Private Company rnited by Guarantoel Not io the financial ststerr.ents for the ear Ènded 30 Novèrnber 2020 20 Nov-19 18 Anal15 of dwrirable funds An&15 of movement in unréstlided fvnth Unr Génèt e.. Balance at l DecÈtnbei 2019 Movèment in year Inter-fund iiansfers 346.899 22.705 324.488 ealanEe at 30 November 2020 369.604 346,899 nr Balance at l DeceTnber 2019 Movement year IDler-lund tran5Fe Balance at 3D Nember2020 749,582 749,582 749.582 749.582 De51gnated irYe represerf5the net booklE of assèts less bank 5e(ured on assets Balance at I t>ecember 2019 Movement In year Inter-fund translè Balan ai 30 November 2020 19 alysIS of fund bdances Re5rriaed Unrettrirteesaled Toi81 Tangible fixed assets Cash èt baTrk & in hand Other nèt (urreni assets Ciedptors.. amounts l&ling due afteroneyear ,D41.381 86.879 14831 (8.5911 1,Oal.381 86,879 20 Po-ba5ance sheet eéents The trUsE5c0rIr that thvt are Do w)5t barKe s1 ¥thich wuire drkn5ure in the financial statements 21 Leasehold DeprE¢WtK During thE year. depreciat¥)Tr ha5 been ch¥ged fftrthe lrfe of the IEa5e A wOn charge regards 10 reement of Il* arttfKal plawng rta(e It is estimated that ihe plaling surface ¥MII be rentsved every 10 years. Page 13
HADLEY WOOD SPORTS TRUST IPTlVate Company Limrted by Guarantee) Detailed income dnd expenditure account for the year ended 30 November 2020 Nov-20 Nov-19 Rents Received Grant Funding DonatlOn5 Recewed Bank Interest ReTrNed Fees 22,5UI 30,0(KI 35.500 490 600 35.330 227 62.090 65,557 Administratwe Expense5 Insurance Light & Heat Repair5 & Maintenan Telephone Legal And Professional Accountancy Bank Charges Genera5 Exwn5es Amortisatk)n on Land Lease Olher intÈrell paid on loans <1 yr DonatnS 1,695 5,091 6.962 973 56 6,011 11.955 881 1.032 18.790 997 18.790 3,130 34.543 41.820 Managemerrt & adminstration- Staff costs Audit and accountancy Bank charges & interest Legal & profes5K)nal expenses 1.250 77 3.515 1.250 76 4.842 1.326 Net ProftV(Loss) 22,705 22.411 Page 14