HIGHFIELD RANGERS TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CHARITY NUMBER 1133617 HIGHFIELD RANGERS CHARITY NUMBER.. 1133617 EAGLES AVENUE LEICE-STER LE4 7YJ SONIC & CO ACCOUNTANT, AUDITING & TAX ADVISER 198C UPPINGHAM ROAD Leicester LE5 OQG
Contents CHARITY DETAILS............................................................................................................................ Trustees Report.. . . . . .... ..... .. ..... . . . .. .. Financial Review ................................................................................................................. Statement of Financial Activities.......................................................................... . . .. Balance Sheet............................................................................................ .. .10 Independent AccouDtDat's Report to Trustees.............................................................. Notes to the Accounts Accountln8 Poll¢les............................................................................................................................................12 Voluntary Income................. . . . Income and Expendlture Summary Statement..................................................................... . Note 7. Income from donatlons & le8acles............................................................................ Note 8. Llabllltles Falllng Due wlthln l Year............................................................................................ Note 10: BarTradlng Account............................................................................... ... Note 11: Tuckshop Tradln8 Accounts..................................................................................... .... Note 12: Sportlng Actlvltles Tradlng Accounts.................................................. Note 13. Costs of sale5..................................................... . .15 .16 .17 .17 .17 .17 .17 Note 14: Closln8 Stock for Bar and Tuckshop............................................................................... Note IS: Cash In hand & Bank....................................................................... .. .17 .17 Note 17 Christmas Party.... .18
CHARITY DETAILS Management Committee Trustees 2024/25
Rhondell Stabana-chairman Ingemar Walker-vice Chairman Sonia Davis-Byron-Secretary Moses Webb-Treasurer Maurice Christian-Assistant Treasurer Howard Morris-membership Secretary Jacqueline Hanley-webb-social Secretary Solomon Paul-senior Football Coordinator Sylvester Constant-cricket Manager Tony Mason-Youth/Junior Football Coordinator Roger Carlisle-media Secretary Robert Byron-cornmittee Registered Office 443 GLENEAGLES AVENUE, LEICESTER LE4 7YJ Independent Examiner Sonic & Co Accountant Auditing & tax Adviser 198C Uppingham Road Leicester LE5 OQG Banker BARCLAYS 31Pagrc
TRUSTEE'S REPORT Report of Trustees for year ended 31st March 2025 The trustees of Highfield Rangers present their report and financial statement for the year ended 31st March 2025. The Trustees who are also members of Highfield Rangers for the purpose of company and Charity laws, seNed during the year up to the end of this report are set out in page 2. It is with great honor and satisfaction: I lay in front of you. honorable members and Trustees, the financial statements of Highfield Rangers for the year ended 31st March 2025. For another successful year, we recorded a surplus of over £17,000. The same steady flow of income was achieved in all revenue centers and this has help us to meet all our financial and administrative obligations. Ladies and gentlemen, the account I present here has been prepared in accordance with the accounting policies set out in notes to the accounts and complied with the charities Act 1993 and the charities (Account and Reports) Regulations 2008. Structure, Governance and Management. Governlng Document The organization is registered charity, registered under registration number 1133617. Objectives and Activities The charitvs Principal objectives and activities are designed to foster good community relationships starting with building, nurturing and enhancing good values in our youths with the expectatlon that those values can help young people to advance in their individual lives through. l. The provision of recreational and leisure time activities for our members to foster the spirit of social bonding. Create understandin& promote good citizenshlp and take active involvement in actlvltles that enhance the social and civic wellbeing of our community. 2. To provide support activities which develop their skills and capacities to enable them to participate in society and mature as responsible individuals. 3. To provide avenue for social interactions for our members that enhance their well-being and give opportunity to reconnect with old pals and acquaintances. 4. To enrich social life of members by staging parties, Fundays, social gatherings and events that create an envi- ronment of personal satisfaction and belonging. Such activities help alleviate the feeling of loneliness and boredom. The above objectives are met through the provision of recreational sports facilities, primarily football via operation of a football club, a social club and hall for functions and parties Organlsatlonal Structure The charity trustees are responsible for the general control and management of the charity; they give their time freely and receive no remuneration or other financial benefits. They meet regularly and are responsible for all the decisions taken in relation to running Highfield Rangers facilities and activities. The trustees come from a variety of professional and non-professional backgrounds relevant to the work of the charity, that gives a wider mix of skills and experience to ensure the Charity remains focused on its objectives and provide value for money for its diverse service users. Also, they are engaged in the day-to-day operational management of the charity, ensuring that the charity is run in line with good practice.
Sub-committees To assist in the smooth running of the charity, the trustees have set up several sub-committees which help them to oversee certain strategic and tactical aspects of the charity. Sub-committees are currently set up for finance and operational management of the building facilities and report back their recommendations to full meetings of the trustees. They meet at least ones in three months, and the chair of trustees chairs the sub-committees whose membership reflects the relevant skills and professional experience which can bring in to enhance the effectiveness of our stewardship. The existing sub-committees are Finance. Wine Bar and Sport Committee Recruitment and appointment of Trustees The existing trustees are responsible for the recruitment of new trustees after recommendation of proficient and experienced trustees or members who have exhibited good track record and are members of good integrity and standing. This Is to ensure we bring in people of good repute to create good partnerships with members and seniice users. In selecting new trustees, we seek to identify people who regularly attend events and activities organized bythe charity and are willing to volunteer to help achieve our objectives. Potential trustees are initially invited to trustee meetings as observers and are given details of charity aims and activities, if they agree and if all trustees agree, then they are proposed as new trustees at a subsequent trustee meeting. This process will give due consideration to a person's ability, personal competence, specialist knowledge and skill. Our Charity is still proud of being people focused and therefore need members with commitment, drive and vision to steer us towards out objectives. We realize the importance of fostering excellent community relationships by bringing people and the communities together. The charity management seek to ensure that the skills and drive needed to achleve our objectives are appropriately reflected through the diversity of the Trustees and members. Indurtlon and Tralnlng When trustees are appointed, they are introduced to their new roles by first acquainting them with charity policies and procedures. Each Trustee is issued a copy of policy and guidelines Booklet. They are also introduced to the facilitles and football grounds to familiarize themselves with the premises. We take it upon ourselves to advise new trustees and existing ones to update themselves on the charity guidelines and pronouncements by the Charity Commission on various issues. This is needed to enhance their scope and knowledge on how charity should be run. New trustees also work with existing trustees to assist administering specific activities and projects run by charity. Risk Management The trustees employ a Risk Matrix to comprehensively assess the risks the charity faces that could cause financlal and material loss. The objective is to identify a major risk by area of activity, evaluate the nature of those risks, estimate the likelihood of those risks occurring, then promulgate measures needed to mitigate them. The trustees will regularly review the matrix at their meetings and at sub-committee level to make sure we proactively continue to understand all the potential risks and to ensure that the existing systems are rigorous enough to mitigate those risks. Appropriate systems and procedures have been established to mitigate the risks that charity faces, we hope the matrix will be a good compliment to the existing one.
Internal control risks which is risk that our internal control system and procedures will fail to safeguard our assets and resources. We want to state that the trustees are aware of such a risk and have put in place adequate measures to minimize it by the implementation of procedures for the authorization of all transactions. Our risk management also ensures compliance with health and Safety of staff, volunteers, Trustees, service users, contractors and visitors. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Achlevement and Performance The fundamental areas of the charitable activity remain, the provision of the sporting activities, principally organizing football tournaments to enhance youths football skills, providing social interactions, economic prosperity for the community. To enhance their life skills, instill discipline and good moral values of courage, excellence in all endeavors and dissatisfaction with mediocre. As for our members and to a larger extent our service users, we are determined to enhance healthy and socially interactive lifestyle, by advancing life activities through promotion of social cohesion and good values.
FINANCIAL REVIEW The results for the year ending 3 1st Mch 2025 are set out in the attached financial statements. From the income and expenditure statement on page 14, there is total surplus of £17,966 in 2025, which, cornped to the surplus of £15,404 last year. represents improvement of 12 % . This may look modest, however in financial terms, 8n enterprise that achieves an increase in profit of 12 % is a great achievement. Drlvers of the Surplus By looking at the income and expenditure report on note 6 (page 141, total revenue inflow has dropped from £157,452 in 2024 to £141,318 in 2025 which constitute a fall of £10% . In real ternis, surplus from 2024 to 2025 only increased by £2,562 yet it is important to analyze income and expenditures changes to understand the factors that contributed to the jaundice increase. One thing that stood out is the effect of massive Grants or over £34,000 received from Football foundation and LCC in 2024 which adversely compare to £12,261 for the year 2025, which is quite a whooping drop. When we observe the Income and Expenditure changes, the most noticeable variation occurred in the Bar and Sporting Activities (predominantly football) income. There 18 also an unusual change in Admin Expenses with reported drop of £9,475. The Bar According to Note 10 on page 13, the profit for Bar is £31,96 1 in 2025 an increase of £5,380 over 2024, which is quite impressive improvement of 20 % over 2024 figures. The totsl revenue increased from £57,9 14 to £62,378 representing a real change of £4,464 while the cost of Bar operations 8Jso increased by £4, 100 Ye on year. Since increase in cost is less than increase in revenue, we can understand why the total revenue decreased while the surplus went up. 8portlng Aetlvltle8 Once again, we registered a deficit of £21,839 {note 12) on sporting activities compared to £12,0 18 in 2024 representing an increase of 82 % . This was caused by f8Jl in income from £26,363 in 2024 to £16,485 in 2025 while total cost did fall slightly. The high income in 2024 was a contribution from the huge grants of £34,000 from Football Foundation (LF) and Leicester City Council (LCC}, compared to £12,261 this year. Part of these grants were used to shield Football Expenses. While Youth Sports remains important part of Highfield Ranger's activities; it continues to operate at a deficit caused m8inly by high cost of maintaining the field and operation expenses. Funday This ye, the funday posted a profit or surplus of £6,417 an increase of 130 % , however, it is important to note that Funday income was not disaggregated, Funday Donations/ Sponsorship from external donors and funds generated during the activities lumped together, therefore the Funday report was taken directly from Funday Committee. In the previous years, the income from Bar, Tuck-shop and Grants were not included in the total revenues generated from funday activities resulting in either a deficit or Small surplus. Therefore, the increase of 130 % is not a like-for-like comparison. In 2025 there is a total of £12.758 which included donation of £2,500 (on 11107/20241 £2,000(13/03/2025) from LCC. There was also a totsl receipt of £3050 on 29/0512024 received from Lawm8n Commerciaj Services which was used to pay for the inflatable. Also, a receipt of £1,627 from the Tuck-shop was included in the final Funday revenue. Whether this is the best way to account for Funday income and expenditure is out for debate, however, the objective here is to preserve the original Funday committee report verbatim. Thck-shop Tuck-shop recorded a Surplus of £2397, down from £3057 in 2024 which amount to a fall of £660. Although not significant, it is important to reco)1ze that a Tuck-shop sale of £1627 made during the 2025 Funday festivities was reported under Fundy revenue and if consistent reporting was administered, the Tuck-shop would have seen a total profit of £2287 (excluding the related funday cost) The FS Academy, the Cricket League, First Link, AG Fencing Advert, Bingo and X-Tr8in continue to be steady and important sources of income to fund Highfield Rangers activities. The X-Train reported no changes and while Booking & Rental Income, FS Academy, Bingo, First Link, Cricket Link and Raffles reported changes varying from £500 to £1,200. A more notable improvement is achieved in contribution
recorded for Sponsorship with an increase of £1,538 over 2024 figure of £4,524 which is a welcome development. The main sponsorship contributors are EN-LARGE CONSULTArrrs and GREEN MOTION Chrl8tmas and New Year Partles This ye, Christmas Party is accounted for separately as opposed to previous years when Christrnas P8rty was aggregated with Bar, Tuck-shop and other revenue centers whose resources were utilized. The profit or surplus recorded £1,834 which is quite impressive. Admln Expenses Admin expenses which is incurred to support the entire spectrum of services. It includes waste collection, maintenance of facilities, lawn mower maintenance, CCTV, Boiler m8intenance etc. It fell from £34.060 to £26,585, which is a drop of £7,475 in real time, representing aa decrease of 220/0. The principal reason was that some bills were paid late and that means they will fall under March 2026 accounts. The same timing difference applies to electricity which shows a drop of 48%. This means March 2026 accounts will see a increase in both Admin Expenses and cost of electricity. Prlnelpal Source8 of Fundlng As detailed in last year's report, the principal sources of funding of the Highfield Rangers operations remain the Bar, bookings, and rentaj income from the Gym, X-Tr8in and the Matt Piper Academy. Just like in previous yes. this year too, we have seen a steady income flow from the Bar, Hall-hire, FS- Academy and X-Train. These income centers provided sust8inable and financial cushion to fund some of our activities, 8nd we hope we will continue to build effective and profitable partnership with the Academy and X-Train. Plan8 for Future Perlod8 The charity plans to continue enhancing and enriching the activities outlined above in the foreseeable future and perhaps add new services or activities to provide good value and satisfaction for our members. We are determined to ensure the charity will continue to provide quality services and diversify its activities. Publle Beneflt Statement The trustees have considered the general guidance on the public benefit issued by the charities, commission, and they have taken due regard for that guidance. The trustees consider they satisfled that the charity activities do provide public benefit. Rhondell Stabana Chairn]an Board of Trustees Date; 31/03/2025
HIGHFIELD RATIGERS rATEMENT OF FlllANCIAL ACTIVITIES AS AT 31ST MARCH 2025 Total Total Notss Fund8 2025 2024 Incoml Resour¢e8 Donations and l£gacies 18,843 18,843 25.474 Activities for generating funds 52,199 52,199 45,771 Investment income Total Incomlng resources Re$our¢e8 e ended Charitable Activities cost Cost of generating funds 51,776 51,776 60,091 Governance Cost 1,300 1,300 1,300 Total re•our¢¢ expended Net Incomlng re•ource• for the year 17,966 17,966 15,414 Fund B/F from 01104/2024 48,947 Total Funds B/F 01/0412025 64,361 64,361 Total R¢•07Ce CIF 3110312025 The Statement of Financial Activities incorporating the Incorne and expenditure) has been prepared on the basis that all operations are continuing Operations. There are no recognised gains or losses other than those passing through the statement of financial activities. 91Page
HIGBFIELD RAfiGERS AS AT 3110312025 Ilote# 3110312025 3110312024 paa¢hlne & other Item• 58,545 47,374 Current As8et• Closing Stocks 1,070 800 Cash in Hend & Bank 14 Total Current Assets 18.626 Total Asset8 Credltor• Llabllltle• falllng due vAthln on¢ year Illd Mower Outstanding Balance 1639 Net current Liabilitie8 Total assets less Tot8J Liabi]itie8 Fundi of the Charlty Unrestricted income funds The notes from pages 15 to the end forni part these accounts Approved by the trustees on the date and signed on their behalf by: Rhondell Stabana Chairperson Board of Trustees Date: 31103/2025 101 PagJe
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HIGHFIELD RANGERS I report on the accounts of Highfield Rangers for the year ended 3 1 March 2025, which are set out on pages 9tol4. Respective responsibilities of trustees and Independent examlner The charitvs trustees {who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43{2) of the Act 1993 {the Act), as amended by Section 28 of the Charities Act 2006 and that an independent examination is needed. It is my responsibility to examine the accounts under section 42(3)(a) of the Act, as mended; to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7){b) of the Act, as amended; and to state whether a particular matter have come to my attention. Basls of Independent examinerfs statement My examination was carried out In accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeklng explanation from you as trustees concernin8 any such matters. The procedures undertaken do not provide all the evidence that would be requlred In an audit and consequently no opinion is given as to whether the accounts present a 'true and fair Vie and the report is limited to those matters set out in the statement below. Independent examlnerfs statement In connection with my examination, no matter has come to my attention: Which gives me reasonable cause to believe that in any material respect the requirements: To keep proper accounting records in accordance with section 386 of the Companies Act 2006; and To prepare accounts which is in accordance with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or To which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Sonic & Co Accountant Auditing & tax Adviser 208 Uppingham Road Leicester LE5 OQG 11 |Page
NOTES TO THE ACCOUNTS AS AT 31ST MARCH 2025 ACCOUNTING POLICIES Basic Preparation The financial statement has been prepared under the historical cost convention and in accordance with the statement of Recommended Accounting Practice and Reporting by Charities (SORP 21X)5) issued in March 2005, applicable standards and the Charities Act 2011. Incoming Resources Consistent with last yearfs accounting policies. this year also uses Payment and Receipts basis of Account preparation; where revenue/funds/income and payments are recognized when actually received or paid. Receipts and payment are used because Highfield Rangers, total income is less than £250,0(X) as stipulated under section 133 of Charities Act 2011. Importantly it is easy to understand by common people. Voluntary income is the income received at point of collection {the Bar and Tuck-shop) or paid directly to the Bank and recorded as such with reasonable accuracy Golng Concern The financial statements have been prepared on a going concern basis as the trustees have confirmed that they will support the chariws deficit for the foreseeable future. Fund Accounting policy Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectlves of charitv. Further details of each fund is disclosed in note l. Revenue/Recelpts Revenue/Receipts include all income derived from Bar sales, Football fees, donations, grants, members subscriptions that provide core funding and are of a general nature, are recognized where the entitlement, certainty of receipt and the amount can be measured with suff icient reliability. Revenue from all income center5, Gym, Hall Rent. Income from the Academy and income derived from Events are recognized as received (that is as related goods or services provided). Income from Tuck-shop includes income recognized as earned (as the related goods or servlces are provldedl under contract. Payments The accounts were prepared on receipts and payment basis therefore liability is incurred when service is consumed, and obligation is vold when liability is defrayed. Stock We adhere to the accounting convention where stock is valued at the lower of cost and net realizable value after due regard to obsolete and slow-moving stocks. Net realizable value is based on selling price less anticipated costs to completion and selling costs. Item donated for resale or distribution are not included in the financial statement until they are sold or distributed. Fixed Assets Fixed assets are valued at cost plus all incidental cost. Depreciation is fully applied to mower machine bought last year. There were no impairment reviews and assets value did not suffer from any material damage. Liabilitles Falling Due Wlthln one year Liability brought forward consisted of loans to Maurice Christian and Moses Webb. Liabilities from Credit Union brought forward have been completely paid during the year.
Note8 to the aecount&...... Ilot Ttst Funds 2024 Oonatlons & Mernbershlp Contribullc¥)s 520 1.330 SponsorshSp 6.062 4,524 Football Foundation Grant TotAI Total Profit from the B8T io 31,961 26.581 Boolu"ng8 & Rent Ineome 3,180 F8D Academy CTicket Hire/Maher Star Car Park Hire 6,969 6,150 2,203 1,360 3,3 2.6 Chri8tmAs Party Profit Bingo 1.834 3.502 2,501 Net LL)8# from Sporting Activitie8 Profit from Tuck8hop Income from the Raffle io 121,8391 112,0181 91 1,538 AG Fencing Income from X-Tr8in 3,120 1,680 8,4 8.4(X) Funday profit 6,417 2,768 Total Resourtt EKpended 3. Co•t of yn¢¥athi¥ faad• 2Q35 2024 Rent and Rates 5.080 5.527 DonAtion8 for IAKal eour8e8 380 180 Gas & Elettrfc)ty 9.735 18,686 Water 2,578 1.644 WagÈ5 6.457 5.144 Internet 749 695 Adrnin Expen5e5 24,585 34,060 Insurance 2.214 2.133 Total Paynwits 131Page
2024 Prof¢wlonal.A¢countan¢y fee• 1300 Total 1300 141Page
HIGHFIEID RANGERS INCOMEAND EXPENfrnE SIIMMARY sfATEMEiir Ftryèarended 31 Marth 2025 Note 6 Unrt- 3V03n025 Totsl 3110312024 Total DESCRIPMON RECEIPT Incomefrom Donatlon & le8acles 11261 11261 34,087 Membershlp Contributions S20 520 1,330 Sponstsr5hlp 6,C*2 6.062 4,524 Barsales 62.378 62,378 57,914 Bookln8 & Rental Income 3,180 FSD Academy 6.969 6.969 6,150 Crlcket Lea8iie 1203 2,203 1,360 Flrst Unk Chrfslmas Party 1.834 Bln80 3A02 3,482 2,501 Income from Sportln8 Actlvltles 16.485 16,485 26.363 Tuckshop ProfftlLoss 2397 2,397 3.057 Income from Raffles 1,131 1,538 AG Fencing 3.120 3,120 Income from X-Traln Fund Day Pmfflt 6.417 6.417 TOTAL RECEIPT5 157 Rent and Rates S527 Donation8 for Lmal cour8e8 Bar C08t of SoJe8 30.417 30,417 26.317 Cost of Football & Sportin Aetivitie$ 38.324 38,324 38,381 Gas & Elettrklty 9.735 9.735 18,68 Cost of SalesforTuck-5hop 1,535 1,322 Water 278 2,578 Wagesfor M Daud 6.457 6.457 5,144 Internet 749 749 695 Admln Eypenses 24,585 24,585 34,060 Insurance 2,214 2,214 2,133 Accountancy Fees TOTAL PAYMEf4TS 123J52 123J52 Surplus 17J66 17J66 151 Pagye
HIGHFIELD RANGERS Note 7. Income from donatlons & legacles 31/03r2025 31/03r2024 UNRESTRicfED NHSTRUST GRANT FROM FOOTBALL FOUNDATION 5.746.00 22A32 GRANT FROM FOOTBALL FOUNDATION 6.515.00 GRANT FROM LCC 1310312025 11,665 TOTAL UNRESTRicfED FUNDING 12261 34,097 Note 8. Llabllltles Fallln8 Due wlthln l Year DESCRIPTION 3110312025 3110312024 BAL BIF Robotic Land Mower Ih39 Less irnount p•kl 11,639) 27,395 Ad*4n¢e 8,413 Flrst payment Monthty Instalment From Sept 2023 16,762 TOTAL ftepAYMENT 25,756 Total Credftors Fallln8 Due wlthln one Year 1,639 Note 10: Bar Tradln8 Profft & Loss Account DESCRIPTION 3110312025 3110312024 TOTAL REVENUE 62,378 57.914 B•r Cost of Ml 30,417 31,333 Bar Gross Profft 31,%1 26,581 161Page
Nots 11: Tuck5hopTradlr¥ Profft & Loss Ac¢wnt DESCRIPTION 3110312025 3110312024 Revenue from Tu¢kShtsp 2.397 3.057 Cosi of Sa 1.535 2.966 ProfflVLoss 91 Not• 12: Sportlng ArtbAtk$ Tr•dlvdProfft & Loss Acco 3V0312025 3V0312024 Revenuefrom Sports Actlvttles 16.485 26,363 Total of SportIA1¥Iel 38.324 38,381 ProfsVLoss 219 112.018 Note 13. Costs of sales Bar Bar 3110312024 3110312025 Openlng stock 823 Add Purchases Less Closin8 Tock 30,572 755 31,110 Cosi of 51kn 4s at ailO¥2021 30,417 31,333 Cost of sales for Tuckshop 3V0312025 openlng stock Purchases Less Closln8 Stock 1,802 {3551 1,535 Note 14: Closln8 Stocks for Bar & Tuckshop 3110312025 Bar 755 Tuck Shop 315 1,070 Note 15: Cash In hand & Bank Cash Balances as at 31103125 3110312025 Cash in hand & Bank Youth Account Cash in hand 14,949 4,120 707 Credit Union savings Account 2,936 TOTAL CASH BALANCE 22,712 171 Page
Note 17: Christmas Party Income 2511012024 1,080 1411212024 2,380 3,460 1811, agre