HADLEY WOOD SPORTS TRUST (Private Company knmited by Guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 COMPANY REG NO. 6011099 CHARITY NO. 1129894
HADLEY WOOD SPORT5 TRUS[ (Private Company mited by Guarantee) Contents Legal and administratNe inlormatK)r5 RetK)rt ol the trustees Rerort ol the Independent eKaminer Statement of FirkrKial Activities Bar ShÈpt Cash Flow Statement Accounting polic Notes forming part of the financkil 5fatements I13 Detailed irKome & expendrLwe account 14 Page 14 does nrtformpart of the slatutoryaccounts.
HADLEY WOOD SPORTS TRUST IPrivaie Company Limited by Gtkirantee) al ar¢d AdministratNe Information Trusiees and directo Diredor P R Renkin K Gathr A Davis Administration office.. Raydean House, We5tem Parade Great North Road 8amet, Herts ENS IAH Reg151ered office.. PrAcc(xJnting Semtes Raydean House. Western Parade Great Nor.h Road BartEt, Hens EN5 1AH Charity registration no.. 1129894 coMnY registration no.: 6011099 IEngland & Walesl Independent examiner.. MiCliS Mrhael FCCA FCA ChrEtopher Michael Limtted Chartered Certrfd Accountsnts & Statutory Audrf(ors 26 siation Road t4ew Barnet erts EN5 1QW Bankers.. Lbyd5 TSB 111 Darke5 Lare Potiers Bar Herts EN6 IBS TSB 111 Carkes Lane Pollers Bar Herts EN6 IB5 Page 1
HADLEY W rivate Com Director5, OD SPORTS TRUST an Limited b Guarantee siees. Re or the Year End d 30 Novem The trustees 8rÈ pleased to present their ann1 director5. report for the year ended 30 November 2022 vA)ich is a150 prepared to meet the qUirements for a directors rewrt and accounis for Cotnpan*s Act PUlPOSè5. The financial statements compty with the Charibès Acl 2011, the Cotnpanies Act 2006. thÈ Memorandum and Articles ol AsSOClètion. and Accounting and Reporting by Charrties.. Ststetnent ol Recommended Piaaice applicab to charities prewring their acccNJnts in accordan wtth the FinarKk41 Rewring Stsndard applicable in the UK and RepublK of Ireland IFR51021. Strurture. Governance and Management Gov ocumen Hèdley wood Sports Trust Is a ComnY limiied by guaranteÈ and is a wistered charty. The cOMnY was established under a Mernorandum of knotiation Ythich established the obieas and KK)wer5 of the charitabpe comp3ny 8nd Is governed under its Articles of A5sociation_ In the event of the ComnY king wound up. Mefflbe are required to contribute an amount not exceeding £1. ruitmÈn ointmen The trustees and dirertors who have 5eFved throughout the year are 5hobyn on page l. Appointment ol director51trustees is governed by the Memorandurn & Articlos ol 5(KIatn. New Trustees undergo training on thEir legal obligations as unthr Charity Law, the deosion making proce55. the business plan and recent performance of the charty. The charity is organized so that thp trustees meet regulaty to manage rt5 affair5. P Renkin m3nagÈs the day to day administration of the charity and reF to the Twstees ai rnOnth Trustee meeting5. Man em The trwtees èttively review the major Fisks which the charity faces on a regulai basts and believe thot maintaining reserves at the current levels, combined with an annual revEw of the lontro ovei key financial 5ythtlls. will provide sufficient sources in the event of adVee condwons. None of the trustees receive remuneration or other benefrt in their capacity as trustee5 of ihe chafrty. Any connection been a trustee of the charity and organisation5 prwding services to the charity must be d15closed to the full board ol trustee5 In the same way as any tontradual rekitionship wilh a related party. In the current year no such related party trantOn5 were ieported. The directors ¢on5ider that the trmxrd of dirertors. vkno are the Charity'5 trustees. and senKJr management team comprise the key management personnel ol the charily in charge of directiig, controlling, running and operating the ch8rty on a day to day basis. No dirÈrtor reTrwed rernuneratK)n in the year. Purpose and objectives The charity's obiert5 and f(5 prinapal activit$ tontinued to be that of prorry)ting communrty participation in heatthy recrpation by providing facilities for playing footba11 other SrtS. Achievements and performance The trustee5 consider that the charity's actrtIeS 01 proTnoting participation in heafthy reCreatn by providing facilities for playing football and other sport5 has been SUesSful In rneIng n's obieaives. Page 2
HADLEY WOOD SPORTS TRUST (Private Company Limtted by Guaranteè) Dirertors. & Trustees, Report for the Year Ended 30 November 2022 (Continued) Financial review Total Income for year afflounted to E90,728 with iotal ÈxpÈnttrÉure amounting to £57.368 leaving a profrt in the year of £33.360. Accumulated reserwes at the baknce sheet date amo¢Jnted to £1.222,950. of which £1.222.950 represent income rÈsÈNes. Invesiment powers and PDIicy The trustee5 have invested a55 of thp grants reNed in:0 ihe devek)pmeni of thÈ srKrting facilty. Financial review The statement of finoTKial aawirv&s for thÈ perK)th s set out on page 5 of the financwl aaiements. trustees are optim15tic that the following ye8rs will genprate adequaie rÈt incoming resources. The poliq of the trustees is io continuÈ to maintain unrestricted reserves at a reasonable level to fulfill the objects of thp charity. The chtrily should have Tninimum reserves of six monihs worth of exndrtUTe. TnJ5tee5 responsibilities in relatron to the linanaal Statements The charty irustees Iwho are a150 dileit0 of the Company for the purposes of cotnpany lawl are re5p)nsible for preparing a trustees, annual report and financ1 Statements in accordance wth appIab and Unrted Kin9dom Accounting Stsndard5 (United Kingdom Gener811y AccÈpted Accounting Practice). selert suitsble occounting policie5 and appty them consi51entty.' observe the methods and priYcipS in thp critES SORP". ake Judgments and esiimaies tt are aSOnab and prudent- state whether applicable UK accounting standards havÈ efi foll(wÈd. yJbJ"Èrt to any matÈrial dertreS disc1£ed 8nd explained in the financial statements. - preparÈ finarla1 statements on a going contrrD basis unkn it B inapprowiate lo prume that the Char will continue in operation. The trustee5 are responsib fol keeping accounting ordS whh dtsckjse with reasonable accuracy at any time the financial position of the charity and enab them to ensure that Ihe financkèl statements Comp with the Companie5 Act 2006. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detertion of frau¢J and other itgUlatIes. Dirpctor5 and trustee5 The trusiees who trE direttor5 for the PUTP05e of cotntkany Lw4 who have served during the year and up to the date of thi5 report are sÈt out on page 1. Statement as to disclosure to our Independent examiner ln so far as thp trustees are aware at the time of approving QUT trusiee5' anTr1 reKM)rt= - there Is no relevant information, LEing infofmatwJn needed by the Independent exatniner in Connect) wrth preparing their rewrt. of which the company's indendent is unaware., and the trustees. having rnade enquirie5 Of felk)w direclor5 and the company Independent examiner that they oughi to have Individual taken. have each tsken all 5tep5 that he151E 15 1)bliged to take as a dirertor in order io make them5elve5 awa of any relevant informatn and to establish that the Independent exatninpr is awère of that Information. By order of P R Renkin- Trustee & Director Date.. 31- 7-23 P8ge 3
HADLEY WOOD SPORTS TRUST (Private Company LiTnrted by Guarantee) Inde endent Exarniner's Re rt to the Trustees of Had Wwd S rts Trust I rep on ihe ¥¢ounts of thecorrpany lor IIE year end1 30 November2022. thiih are set out on pa)Ès 5 1013 RespecLi¥e responbIlItIeS of ie5 and examiner The irustÈes Iwho are alsoihe diiecws of the compony for1 puryM)se5 of compay I) are reSPDTrble for ihe preparation ol ihe accounis ThEttustee5 con5vJer ihai an alit 15 Mt rLyuired for thi4 year undeT ¥edion 144 of the Chaiatie5 AEI 2011 (the 201 T Acii that an ifKlepEndeni examinvJn 15 needed i am qualified to undertake the by being a qualild mEmberof theACCA Having 5atlsfied mysdf that the tharity ts not sLI)iettto an under (£pany11a i5 eFigbk for 8• independent examination, It is my rewn51biltty to.. exatnine the accoun15 undersection 145 of tr 2011 Aci -ro foll¢wthe pr-edu[es lakl d¢vn in 9EDeial DiTecMn5gr%n bytrChanty Commiwth urxler 5ecuon 14515Xb) of the 2011 A. and -to 5Late whether partKular rnattet5 have cometo my attention. 81515 Of Independent examiner'5 report My examination wa5 cairied out in accordancewiih thEgenEral DirecDon5 grbn bythe Crity comm1yi. A examination includes a reVW of the accountsty retord5 kept by the chaw and a cornparison ol the attounts presented wtLh those records. rt aLs0 includes cOderatIon of any unusual item5 ordi5d05ure5 In the accwnts. and sÈÈking explanations fTom you as trus corKeming suth mallers The protlureS undertaken do not prthide all the ewdenie thai wou be Fequiied In an audrt and conseqtsentty r opinion is gNen as to vtlher the accounts presenia 'irue and fèir and the rewrt Iimtted to tFHxe manerssei in atet Independent examiner's statement In connectim wth my Èxafflinatn, no matter ha5 come to my attention.. 111 which gr¢es me reasonablE Cause to be[eth¢ In mater1 respect thÈ requirements. lalio keep ac¢¢untin9 FecoTds in accoTdaKe sectwyQ86 of the compan* 2006, Ibl 1¢ prepare a¢rounts ¥vhith accord with the aCcniSn9 iecords and compty WEth the artounling requiremEnt5 of se¢tion 396 01 the Companies 2006 and vKth tlr rnethods pnp01 the Statement of RKommended Praaice Accounting and Rewrhw by Charitie5 have noi been met. or 12119 which, in my opinion, attention 5hDukl bedr in orderto enable a proper uerandIng of the accounts to be reached Indeptrndefit Examiner fer and on bEhaff of ChrthphEr Mithoel Ltd. Chartered Certified kctrJntants & 51aiuiory lter$ 26 StatTr Ro8d. New Batnet, Hert5 EN5 1QW Date.. 31- 1-2a15 Pag8 4
HADLEY WOOD SPORTS TRUST (Private Company Limited by Guarantee) Statement of financial artivities lor the ear ended 30 N0vernr 2022 UnrestTiCtedl Designated Funds Restricted Funds Total Total 2020121 ote Income.. Donation5 and re5tricied giant5 Incorne from Chantèble artivitÈ& 314 60.( 60.000 80,000 Income from other artiwties Other income 728 728 351 Rental income 30.0 30,0 30.000 Total incorrvé 90,728 90,728 110.351 Expenditure Expenditure on charKable&ctivitÈ5.- Direct Charitable expenditure Management and administration 51.328 51,328 6.040 34.698 6.040 5,247 Total expendtture 57.368 57.368 39.945 Net incompl(expenditurel and nÈt movements in fund5 belore gains and10$5e5 on investments 33,360 33,360 70,406 Inter-fund transfeE5 Total funds brought forward 1.189,590 1.189.590 Total lunds carried foward 1.222,950 1.222.950 .189.590 The statement of ftnanaal artknties lttludes all 84in5 k)55E5 in the r. All wtoming Te5TrurtE5 rE5Truries expended derive from continulnB activities. Page S
HADLEY WOOD SPORTS TRUST (Private Company Limited by Guarantee) BALANCE SHEET AS AT 30 NOVEMBER 2022 Fixed Assets Tangible Ikled agsets Leasehold 14 1.005,797 1.024,468 Totsl fYKed assets 1.005.797 1.024.468 Current Assets Debto C35h ot bank and in hand 1.516 240.630 180.435 Total current a55ets 242,146 180,435 Credttor5'. amounts falling due within one yEdr 16 114.4021 16,7221 Net curreni assets 227,744 173.713 1.233.541 Creditors.. amounts falling due after one year 17 18,5911 NET ASSETS 1.224.950 1.189.590 The funds DI the Charity-. Unre5trictedPe5tiicted funds-. 19 1.224.950 7,189,590 1.189.590 TOTAL CHARITY FUNU5 1.224.950 The notP5 at pages 10 to 13 fotrn part ol these accounts For the financial year in que5tKln thp company was entit]ed to exemptson undèr Sett 477 01 CompaDie5 Art 2006 rel8ting to small companies. No membe15 have required the company to (thin an audit of its accounts for the year in qUtn in accordance with section 476 of the Cemp8niès Act 2006. The director5 ackno%vledge tTrlf resp)n>bility for comp"n9 with the wuirements ol the Act with rÈspÈct to accounting records and for the preparation of accounts. These accounts have been prepared In accordance with proSK)n5 appluble to (OtllpanS subjett io the sfTTrall comwnies. regime. Approved b tee DATE". 31-7.lJ P R Renkin Trustee & Company Oirector Page 6
HADLEY WOOD SPORTS TRUST Statement ol cash flow5 A5 AT 30 NOVEMBER 2022 2021122 2020f21 Totsl Funds Prior year Funds Cash fl from operating actwitiÈs". Net cash provided by (used irTI operating aawities Cash flows from investing actNities Dividends. interest and rents from investments Purchase of fiKed a55et investff*nts Purchase ol tangib fLxed a55ets Net C85h provided byllu5pd inl investing actwitie5 58,119 93,482 76 76 58,195 93.558 Chtnge In cash and cash eqUats in the rertIng rtmd Cash and cash Èquwalents at tho 9InrI19 of the reporting ppriod Cash and cash equwalents at the end of the Teporting period 60,195 180.435 93.556 86,879 240.630 180,435 Reconciliation of net movement in funds to net Cash flow Irom cperating artNities Net mtsvement in funds for reporting perK)d las the SOFA) 33.360 70,406 Adjustments for.. Depreckltion charges Dr¢idend5. Interest and rents from investrnents IincrÈa5eYdecrease in dèbtors increa5elOe£reasèl In creditors 18,671 1761 16,913 1761 767 5,472 7,680 Net cash provided by (used in) OFerating actNrties 58.119 93.482 Anal15 01 cash and cash equbIe[rt5 Cash in hand 240.630 180,435 Total cash and cash equivalents 240.630 180.435 Page 7
HADLEY WOOD SPORTS TRUST (Private Company Lirnit by Guarant) NOTE5 TO THE FINANCIAL STATEMEKts for the ar Ènded 30 November 2032 countin The priTrcipal accouniing Fle5 ad(pted.MlgrrRntsand key SOU@$ of e%bmaiK)ll UTKertainty ID the prepar&n of finantial st3tÈmenls are as follaws easis of Preparation The charty consUtthe5 a publK benefrt entrty as defined by FRS 102 The finanaal statements have been preparEd In accDrdante wth Accountingand Reportin9by Charit. Staiftrient of RKommended Practice applicabt0 Chrti prepallng their accounts In accordBncÈ th the Financ[ Reporting Standaid applicable In the UK and Republic ol Irary Issued In Ortober 2019. the Financial RÈportin9 Standard applicable in the Unrted KIDgdom and Republic ol tseland IFRS 1021. the Chanbe5 A(t 201 I, the C¢mp&nies Ail 2006 and UK Generally Accepted A(tountiDg Pra(tKe. Pkdley Wwl Tru# t[et the defin of Chanty thdpr FRS 102. A55et5 and Ik?lItieS 3r0 Initial recogniod at h15torical cc>st or tTrn5action value unkssoihetS1i5e slated in the re1 (QUntirj 1(Y Inote51. Reconciliation wth previws GAAP In preparing the accounts the tru51ees con5thedwhether in Wng pdiCS ie4uired by FRS 102 and the Charitie5 SORP FRS 102, the reinSEatemeni of ¢OmWat iiem wa5 required. At the date of tran&tioTh othei re5taternentsVYe required. Incoming rOUrceS Income (including Inccne from gonnl and Ollr grants) LS recogned then charity has entiietnEnt to thE fuDL15. any performancÉ corKIitsWSOtI to the item5 of incrjme hbeen pTdTrabthat thE Incomewll be TKeived and the amount can be measured reliably. Interes1 and investment income receable Intere5L on fund5 hekl on deposrt fr4)m HWC$tits hdd 15 induded eNable theamount can measured reliable by the charity. Fund accounting Unre51rirted lulld5 are availab to Spend onaaNilies that Iuftherany of the purposÈ50f chèrity. Designated funds are unrestriaed fundsof the charity which the trust decded * thwr to set a9de for a puwse Re5trirted funds are donations or grant5 which the donor Specif are tobe sdety L¢ed fora PartKUr putP05eorarea of ihe T'sy[k or projetts being vndertaken by ifve Trust. Expenditure ExpenditurE 15 recagnised orbte there a legal or corONigatn to make a payTnent to a thiid party, it Is probable that 5eltlement will be required and thÈ am¢)1 ol thÈ cèn nEJrÈd ielthty. E4)ÈThJiturÈ ts undw the IdlovAThJ heings' 051 of raising funds iompnsetr.e cost of cunrnwcial tf4ling - expènditure on charitable act¥rtI Indudes Ihe cosi ol operating thè nursery arHI outrèach servi Inanagemenl ènd admin15traLion IrhdudE5 5UPPOrt C05T5 foF those funEtsDnS Ihai assisl the ol the charity -expendrtureon fed assets captalised arKJ Included in the balance&Wt at cost le55 depreciation A cotrespondingamouDi is Included in designaled fund yndef re5erwe5tg rEflern the net book value of the le55 loan5SeCured on those a55ets Taxation As a iegistered CTrtY, Ihe 90nall( i%exÈmpi f¥em wKorf and ¢orForavon tax to the extent Ihat it5 In¢otne and gains are applicable to Charrt* puwosÈs onty. Operatlng leases Rentals paid under weratw1ea5es are thargwl to income on a stravJht line the kne twm. Tangible fixed assets Tangible fLKed assets for use by thethanty ¥e5tated ataJ5t kndeprecBtion. Depreaation is provided at rates cakulated to %lte off the c05t vahJaiv)n of red assets. le55 tt1r estimat fedUal value, UYEr their Èxpérted useful INÈS on thÈ follolr) ba property - lrfe of lease office equipmeni- 25% Reduong baL3n Page 8
HADLEY WOOD SPORTS TRUST (Private Company Limited by Guaranlee} NOTES TO THE FINANCIAL STATEMEMrs for the ar ended 30 November 2022 Fixed asset investments Investments are a fortn ol basic finarKial InstruTnent and are iQitialty recogni5ed at their transèction value and subsequently measured at their fair value os at the balance sheet date using the t105ing quoted market price. The statement of financial acbvrtE5 included the net gain5 and105ses arising on re¥aluatk)n and di5tK)sa15 thrOugvt the year. Debtors Tr8de and other debtors are recognised at the 5eWerrent amount duè after any trade dswunt offered. Prepaytr.ent5 are valued at the amount prepaid net of any trade discounts due. Cash at bank and In hand Cash at bank and in hand Includes cash and short term highly liquid investments wit a short rnaiurry of less th4n three month5 from the date ol acquisttK)n ar openin9 of the deposit or Similar accoun" Crediiof5 and provisH)ns Credttors and provisions are recognised where the charty hés a present obligation rullIng from a 5t event that will probably resu in the transfer of funds to a third party and the amount due to sev.le the obligation can tE tTreasured or estimated rèliab. Financial instruments The trust has only ha5 financisl assets and financK41 liabili(*s of a kind that qualify as basic financial instrurnents. The charity does not acquire put option5, (ferDiaiives or othpr cornplex find1 instruments. The main form of finala1 risk facpd by the charity IS that of volatility in equty and invÈstment rnarkets due to wider econoTnr condrtvns. the attitude of investors to risk. and changes in sentimÈnt concerning equttie5. Page 9
HADLEY WOOD SPORTS TRUST IPrivate Company Lirnited by Guarantee) Note5 to the financial staiernents for the year ended 30 November 2022 l Legal status of the Trust The Trust Is a company limtted by guarantee and has m share caFAtsI. In tIE event of the charty being wound up, the lbilty In ie5pect of the guarant 15 limited to £1 per rnemr of the drIty. 2 Financial rfOrmance ol the charty Nov-22 Nov-21 Income 90.728 Expenditure on charrtable actNtties Expend1ture on management and admini51ration Depreckiiion 51.328 6,040 34,698 5,247 57.368 39.945 Net income 33.360 70,406 Totsl fund5 brought fOard Total funds carried forward RÈpre5ented by.. 1.189.590 1,119,184 1,222,950 1,189.590 UnrestrKted fun(k 1.222.950 1,189,590 3 Incorne from Donations and Grants rants receivable Donations 60,000 80.000 60.000 80.000 4 Income from charitable art[be5 5 Income frorn other aCtttle5 Rent Received Fees IDtetest recewabie 30,000 30,000 728 351 30.728 30.351 6 Analysis of eypenditure on charTtable actNit Staff costs Depreciation Other running costs Donation5 18.671 32.657 16.913 12.785 5.WO 34.698 51,328 7 Anaty515 of governance and 5UPPOrt C05t Staff cost5 Audit and accouniancy Bank charge5 Other gaI & profe55tonal 1.250 77 4,713 1,250 77 3,920 6,040 5.247 Page 10
HADLEY WOOD SPORTS TRUST (Private Company Limrted by Guarantee} Notes to the financial statements for the eai ended 30 November 2022 Nov-22 Nov-21 8 Net income Ilexpendtturel for the year This Is stèted after char9ing' Depreciaiion -owfted a55ets Auditor5 remuneration for otlEr seThices 18.671 1.250 16,913 1,250 9 Tiustees, remuneration The truste were not irt or recewa any other benefits from the Cha'.ity durirvJ the year in their cap6city a5 trustees. 10 Related party transattior15 As at 30 November 2022. A Day K GartÉr. tx)th TnJ5tee5 were £NIL12021'.NILI by the Trust. No interest was Crged as at the year end. 11 Grants Income from grants comprises of grant funding made avail?e by various funding bodie5 to fund the construction of the sporting facilit5. See note 4 for MO information and to the amount and sources of these grants. 12 Corporatk)n Tax Charty 15 exempt from tax on iTriome and gains falling wiihin seaK>n 505 of the Taxe5 Act 1988 secLion 252 of the Taxation of Chargeable GaIr Ad 1992 to the extent that these are apPld to its charrtable objerts. 13 St&ff cost5 There were no staff cost5 Pagè11
HADLEY WOOD SPORTS TRUST (Prtvate Company Limited by Guarantee) Notes to the financial statements for the ear ended 30 Novernber 2022 Leasehold Equipment Total 14 Fixed assets Cost.. At l Dec2021 AdditM)ns 1.119,277 5.250 1.124,527 At 30 Nov 2022 19.277 5.250 1.124.527 DÈpreciation At l Dec2021 Charge in year 96.120 17,360 3.939 100,059 18.671 At 30 Nov 2022 113,480 118,730 Net bk value At 30 Nov 2022 1.005.797 1,005.797 At 30 Nov 2021 1.023.157 1,024.468 Nov-22 Nov-21 15 Debtor5 Arnounts due wthin one year. VAT Repayab 1.516 16 Creditor5 Arno15 falling due wrrhin one year.. Short Term Bank Ln$ Vat payable Aciiued expeD5e5 and trade credttor5 DefèrrÈd Income 14,402 6,713 14.402 6,722 17 Creditors Arnounts f411ing due after or* year= Long Term 8ank Loan5 Other Long Term Creditors 8,597 8,591 8.591 8,591 The long terrn bank loan 15 secured by a (ed charge overtlE leo5elK)kl Land. Page 12
HADLEY WOOD SPORTS TRusr (Private Company Limited by Gutranleel Notes to the financial statements for the ar endEd 30 November 2022 No¥-22 Nov-21 18 And515 of Charitab funds Anaty%5 of movemeni In uniesrricted fund5 Unr Balance ai i December 2021 ovement in year 440,010 33.360 369,604 70,406 Balance at 30 N0mber 2022 473.370 440,010 Unre 8alance at l ernber 2021 Movernefjt In year Inter-lund tiansfe 749.580 749.580 Balance at 30 NovembEr 2022 749.580 749.580 De51gnated Gipital reserve reentS ihe r1 k vduEof assets le&5 bank kn55e[Ured on Balance at l Oecember 2021 Movement In year Balance at 30 November 2022 19 AnaWiS ol fund balances Total Tangible fixed a55ets Cash at bank & In h Other net current assets Creditors amounts falling due afrerone)ar I.5.?97 240.630 {12.8861 1.005.797 240.630 112.8861 .224.950 1.224.950 20 P05[-bance sheet events The ttystees oiDfirrD th* theFE are DD FV5t Sheet eveDtsthKh iequire dsdowrÈ in thÈ financial statements. 21 LEa5ehold Depre(iBtion During the year. depreaation been Chged Overtr lrfe of the lease. Aprthnson ha5 bee charge wrh regards 10 replacemeffl of Ihe artifKal plawng 9Jrface rn LseMinth that the playing 5urfKe will be renttved every 10 year5. Page 13
HADLEY WOOD SPORTS TRUST (Private Company rn[ted by Guarantee} Detailed income and expenditure account for the ar ended 30 November 2022 Ncw-22 Nov-21 Rents Received Grant Funding Donaiions Received Bank Interest Recewed Fees 30.000 30,000 60,000 728 80,000 351 90.728 110,351 Adminisirative Expenses Rate5 Insurance Light & Heat Repair5 & Maintenance Telephone Accountancy & bookkeepin9 General Expenses Amortisation on Land Lease Other Interest paid on loans <1 yr Donatior 2.976 2.330 8.764 13,401 1.018 1.935 3,143 5,381 1,013 1.168 18,671 16,913 51.328 34.698 Management & administratK)n= Staff costs Audil and accountancy Bank charges & Interest Legal & prolessK)nal expenses 1.250 77 4.713 1,250 77 3.920 5,247 Net ProftV(Los51 33.360 70.406 Paye 14