DocuSl9n EmidoF* ID.. 518FOFQ&OA96472fBEl)V1l118[ Company registration number.. 07298016 Charity iStra.0n number.. 1137673 SEVENOAKS TOWN FC LIMITED (A company limited by share capital) Annual Report and Financial Statements for the Year Ended 30 June 2021 •A4ZH46MY• 1010312tr22 COMPANIES HOUSE
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BREBNERS Brebners Chartered Accountants 1 Suffolk Way Sevenoaks Kenl TN13 1YL
DotyJSign Ethvelop210". StBFDFc728[1lll18OAD SEVENOAKS TOWN FC LIMITED Contents Reference and AdministralNe Details Trustees. Rewrt 2to6 IndepeThJent Exarninerf5 Report statement of Finanual Adivitie5 Statement of Finanual PosrtK)n 9t010 Notes to the Finanoal Statements 11 to 17
OoEu&gn ETh¥¢8 ". 51BFDFC60A9N72MEI)WtK11111D SEVENOAKS TOWN FC LIMITED Reference and Administrative Delails Chalm)an P L LaFtsd?le TrusteeB P L Lansda K E Plarsh F R P Le Sbirel S A L•n$dale R P Miles Re9iStered Offico Fitst Floor 1 Suffolk Way S¢venoak5 TN13 1YL Compary Registr•tfjon Number 07298016 Charlty Re9lslAtion Numbtr 1137673 Independent Examln•r Brebners Brebners ChartewEd Accountants I Suffk Wty Sevenoak5 Kent TN13 1YL Page 1
Doujsign Ert¥do ID. 51BFDFC)Ao&472wry>F0Ol1l1BO1 SEVENOAKS TOWN FC LIMITED Truslees. Report The ITUStees. WI we also dweclor5 for the purposes of company law. present the onnu?I report together with the financi81 statefflents ofthe charitable company forthe year ended 30 June 2021. Objectives and •¢tivitieg Objects and airns The Charty's obiecbves a - To oryanise and prowide facl1rtS lof peoF4e of all ages denl in the Sevenoaks area lo play A6sorialion Foo¢bal1 ensuring thal due allentn is gTrvn to thè physical. Pe8[ and ¢dUonl devek>prrenl of players. - To provide and assist in the oryani5ation or Pro910n of coaching lo SCIN1$ that cater for children with leaming and physical disaL¥"14b"es. - To further such other ChartsIe purposes. particularty in Ihe area of benefit, as the truslees of the Chanty may Irom time to time decide. Sevenoaks Town FC Ltmited wll pmmole the healh mornl welfare of young peopbE. We vill do Ihis ty the provision of faolities and ac11vit5 that prowde a safe and supportive environmenl in which young people are encouraged to develop their skills. We wll also place an emphasis on involvernent wilh the cornmunity, enablin9 and encouraging young peOe to take active ant1 reSp£sIble fDles in their local communty. Public benefrt The actNities undertaken to futher pubh"c benefit are the advancement of amateur sport and assoGiated education. The trustees confim that they have complied wrth the requifemerts of section 17 of the Chanties Act 2011 to have due gard to the public benefft guKlance published by the Charity Commission lor Englansj and Wales. Achlev¢ments andPerfonce Chairnian's r¢port We have experienced anolher extremety difficull year due to Ihe pandern both on and off the field. Due to Covid resiricbons and sh(rtdowns many of our am$ and members were unable to fulfil fixlures and the seasons were cut short in mosl lea9ues. On Ihe finanrial side the club took a comrnon sense approach and rnade il a priority lo maintain the financial health of the tharty by cutting badl on all nolkessential expEnditLFre. The club also took the derysion to continue io pay key parlnefs during the lockdown so they can be ready io contsnue 7Mth us as and when the lockdown ends. l am pleased to port that ihi5 has all be managed well and the dub is currenty in a good place financialty. We have also ttsnUed to support any parenls that have struggled finanoalty due lo th¢ pandernic. Govemment frjnding helped to fill the Yo left by the lack of sporting actiwties and the Sports NatiLinal Governing Body grants helped us to get lootball back up and running. I would also like lo thank all the ¥UnteerS vtho continued to work behind the scenes to mamtsin ow facihtses during the lockdowm. thout these people our club would %mpty not lunc1K. Page 2
OouJ&gn EnvelDpe10'. 518FoFtoA72BCw)1l11o SEVENOAKS TOWN FC LIMITED Trustees. Report ThÈ dubs 3G pitch will be startwlg rts 51h season in 2021 and with an a4rag8 Itf¢ oxpectanry being aiu4Jnd 7 &easons we have had to plan to cover the cost of a replacemenl. Due to the managed usage and controls we have in place we are expecting and howng to extend the life of the current surface lo the end of the 2025126 season. but Ih15 wll require Ihe dub to continue to keep very tvJht controls the hours of sage and rigorou5 maintenance and usage poliLies_ The current C05t to replace the surface is circa £180,000. We have'eamiarked. 3G replacernent funds of £S0.000 a5 of 30th June 2021. Sevenoaks Town FC (STFCI offers a "FOO1 for af in the Sevenoaks area, running teams and coaching in a safe and frien{J enyironfflent for those aged 4 Yea c4d and above. For the season 2020121 we operated nine senior teams including a mens first team that played in the Isthmian League {slep 41, tw veteran's teams that aYed in the Soulhern Veterans League. four Power Wheelchair teams. one played in the National League, one in Ihe Regional League and one in the Oevekjpmeni League, one ladies leam thal played in Ihe South East Count5 Women's League and our communty Walkt'ng Football. There were also 55 youth team5 plawng in the Maidstone Primary Inwcts League. Crovborough and District Junior Football League, Tandnijge League. Kent Youlh League and Kent Girfs and Lad$ League. Our aim is to prowde youn9 footballets in the area with a pathway from youlh foolball into th¢ senior game. Thi5 15 a ma551ve step towdrds buitding strong foundaty.ons and keepin9 football lor children and seniors alike in the town lor many years to come. Our ambitson is to have our own homegrown tslent moving through the age group5 and sMded thre not talent-spolted first there is a clear pathway into senior football for these youngsters. The pandemic has highlighted what an amazing cornmunty Sevenoaks Town FC is. not just by suppoth.ng each other wrthin the dub bul also provKling support to the wder CDmmuntty. Something we should all be very prou¢J of. Trus¢tts' report STFC is part ol an elite group of dubs nationwide that hold the hi9hest status from the Football. Assoaalion. namety the Charter Stsndard Communty Club accredrtab"on. This standard wa5 renfirMed during Ihe 2019 following an audit process undertaken by the Kent F Cr faulity at Greathess Pawk conbnLtes to be Ihe comerstone ol ovi dub's fuiure aThJ investment into th 3G pitch has been 8 5i9nffi¢ant tte$S and wll help lo underpin the aims and objettives ofthe dub. Jr vibrant club continues to grow and we are gralelul for the use of many venues which we currenlty use for matthe5 and training 4ndudin9 Greathess Park, Seal Rec. Sevenoaks Sthool. Knole Academy 3G. Kemsing Rec, Knole Paddock. Dunton Green Primary School and Sevenoak$ Primary School. (hjr Football in the C(Mnmunty Sthen (Sklb School and Wijdcatsl continues to gru from strength to strength. This is designed to in(xease the numbef ol children plaw'ng foolball, increase the number of girts playing football, prowde opportunrties to play football for young people wth disab1lrts. establish links beeen the dub and local schools and educate chiklren of the benefits of regular acliwty and a healthy diet. The scheme also pro¥ide5 our youlh players an opportunity to leam and develop coathing skills under supervision from our established qualified coaches. Page 3
DDcuSign Envd¢pe10.' 518FtCAg72lVl1l181 SEVENOAKS TOWN FC LIMITED Trustees. Report During the season 21r20r21 the Club., . Affiliated with Ihe Kent FA 64 teams . Provtded sport for around 1.000 boys and girls and in(xeased part10pati in girts. football . Conducted a operational rewew wtth an FA con5ullant . Operated Foott>all partnership5 local sthoojs through our Schools Liaison Coach As a response to the Pandeffl though we have managed to impkment a socialty distanced training program lor all the nmbers of Ihe dub over Ihe sunwr in "ne lwlh gLMdance the FA and Wetton The Club is acvety pursuing the plans to build a fit for purpose dub house at Gteatness Park lo enhance Ihe prowsion of 5POrts facil"e$ lor our hxal GomrTwity. We submitted our planning application on 291h Drnbel 2020. The charty's approach to reserves is to $v that at all tim?5 a minimum of £20.000 is kept as an operational contingency fund. whK wo3 help to co¥er e¥ents such as vandalism to our laulikn.es and shortfall In Venue. We also aim to have a sink lund Yor our 3G up to £20.LJ)O per year. The estmated cost to Place the surf¥¢e after 8 to 10 years usage is rifca £180.IJCQ. We received planning consent on wr appl¢ation for a new dub house in September 2021 with a projected build starting May 2023 5ubFrt lo any planning conditions and successfulty securing funding. Financial Revi•w Treasurerf¥ report l am pleased lo report thal Sevenoaks T¢Y4¥n FC Limiled ISTFC) continues to develop on a sound footing. The Committee is awa of the ongoing economic uncertaintie5 and the impact of Ihe pandemic and is seeking to ensure thal rnernbership and footbal remans lo be affordable and prowdes vabJe lor money while prolects.ng the future ol Ihe dub. The accwnts are provided Iw the TlKe loolball fln9 dngeS to the Cb.S legal constitution 4 years ago. The club continues to be wn on a Sectnalise1j basis encornpas5ing Seniors, Faalities and Main (youth and general and ¢ostsl atthovgh the annual accounts pie5ented are on a consojirjaied basis. The 3G pitch and stadium development tontmues to be the flagship of the Club and associateil revenue streams reflecl its popularity th gross income of £315.268 I210.. £342,745). Fixed assets a Cang value of £149,49812020". £153,484) ¥eflecl the conbnued investrnent in the 3G pitch and sladium costs. Due to the Pandemic we had a muth hwJher number of requests lor Hardship and non payment of fees. Government and FA related grants to support grassroots clubs from the impact of cOd totalled £75,506 12020: £25.9861. Se¥enoaks Town FC LiMled was registered as a charity back in 2010 50 that the Club could appty for Gift Aid. This year ttte Club received £33,175 in Gth Aid. Donaltons and membership subscriptions of £167.602 12020". £141.4821 once again continues 10 show the demand to SUPPOrt and play for the Club. Page 4
Docusign Eth¥elope ID.. 51&VoFCWA7280W[)1lt1eiAo SEVENOAKS TOWN FC LIMITED Trustees, Report The Club is very gratelul for the conb"nuing spmsorship it recwes ffom a variety of firrns and parents allhough thls decreased significantty lo £23,30812020.' £65.9551. This is mainty dcmn to a decrease in the senior sponsorship due to the season be9 curtailed. The first team sponsorship. wile monies and gate receipts nelied off against the first team expenses left a 5urplu¥ of £2.982. The Club's costs of Charilable #th"?'e$ arUnted to £175.21612020". £298,892) The Clubhouse takings of £7.W are down on prewous years ¢kn lo the dub hwse being d05ed due lo Covtd for the second year and the cancella1K of the awards day. After having laken into acwunl amounts due to Ihe Club IdebtN51 and Ihose amount5 still to be paid Icr¢ditor5I a suluS of £136,714 12020: £38.1861 ha5 been generaled which takes the General ReseNe Fund lo £238,529 12019.. £99.8151. The Club has eamarked fvnds forthe replacement ofthe 3G at 30th June 2021 of £50.000. Strneturt. go¥emance and man•gement Ilatyr• olgov•mlng dOcumt The charity is controlled by it5 govemin9 d0Ment, a deed of trust. and ron$lrtutes a company, limited by arantee, as defined by the Companies Act 2006. Arrnngements forsettiry Irey np•nagementpersonnel remuneTr•on No director or charitable trustee receNed any remuneration frcmn the dub t1uring Ihe year. Employment of disabled pttsons The dub has an open to all policy for ¥olunteeTS and trustees. Trustees. rtsponsibilitlés stst•ment The tsustees (who are also Ihe direttor5 01 Sevenoaks Tovm FC Limited for the purposes of company lawl a responsible fof preparing the trustees. port and the financ4al ststements in accordance with Unrted Kingdorn Generalty Accepted Ateounting Practice and applitable law and regUtionS. Conyany law requires the trustees lo prepare financial statements for ead) financial year. Under compary law Ihe Iruslees must nol approve the finanual ststements unle$5 they a satssfied thal they 9i¥e a true and fair view of the slale gf affairs of the charitable company and ol its incoming re¥lur5 and application of fe50urce5. including its income and expenditure, for that period. In preparing these finanoal statements, the twstees are wuireil lo.. select suitable accounting pclicies and aprty them consi5tenlty.' obserye the methods and prTrnciples in the Charitse$ SORP", make judgernents and esbmates that are reasonable and pwdent.. state vthether applicable UK Accountin9 StandaTds have been fO1t. sv"ect to any material departures disdosed and explained in ihe finanaal sialements,. and Ppare the financral slatements on the going concem tsa$ unless it is inappropriale to presume thal the charitable ClanY vrill conb.nue in business. Pages
Dosvn Enke ID. 518FDFck$A12¢BcwCX)1l1l(6AD SEVENOAKS TOWN FC LIMITED Trustees. Report Statement of Trustees. Responslbllllles The trustees are re5pon5ible lor keeping adequale ac£ounting records Ihal are SI1Cent io show and explain the charitaNe company's transactions and iji5d05e vnth reasonable accuracy at any time the ffinancial p05iti.on of the tharitable cornparry and enable them to ensure that the financial 51atements compty with the Companies Aci 2006_ They a also responsible for safeguarding the a55ets of the charitable company and hen lor tsking reasonoble slep$ for the pwenl*)n and deteCtn of Iravd and other irregularities. 03-Ilar-22 The annual repL¥I was approved by the twuslees of the dwrty .................... and signed on its haff by.. P L Lansdale Chairman and Truslee Pt6
Docu&gr• Enveknpe ID." SIBFDFC6IMW72r&8CN)&FD)1111BO&AD SEVENOAKS TOWN FC LIMITED Independent Examinerfs Report to the trustees of Sevenoaks Town FC Lirnited I report to the chanty trustees on my examination of the acc4unts of the tharity forthe year ended 30 June 2021 which are set out on page5 8 to 17. Respective resporfalbllltles ol Inte¢S and examiner As the chanty's trustees of Sevenoaks Town FC brned land also its directors for the purposes of company lawl you a responsible for the preparation of the am?unts in accordance wth ihe requirements of Ihe Companie5 Aci 2006 ('the 20 Acri. Having satisfied myself that Ihe aCunts of Sevenoak5 T¢M FC Limrted a not required to be audited under Part 16 of the 2006 Att and a eligible for independent examination. I report in respect of nry examination of your charity's accounts a5 camed oul under 5eclion 145 01 Ihe Charits"es Act 2011 ('the 2011 Act'l. In ¢arry6ng out my examination I have followed the di"0n$ given by the Charity Commi$sion under $¢ction 145{5llbl of the 2011 Act. Independent ex¥rnineVg statement Since Sevenoaks Town FC limited's gr055 income exceeded £250,000 your earner musl be a member of a body listed in section 145 01 the 2011 Act. I confim? that l am qualtfied 1¢ undertake the examination because l am a member of The ICAEW. whKh is one ofthe listed bodies. I have completed my examinalw. I confirm that no rnatters hwe lo my attenb.on connection with the exarnination gmng me cause to believe". 1. accounting records were not kepl in respect of Se¥enoaks Tthvn FC Linwterj as required by section 386 of the 2006 Act." or 2. the accounts do not accord wth those re¢d$.. or 3. the accounts do not corn wth Ihe arunlin0 requirements of seCtn 396 of the 2006 Acl olh¢r than any requirement that the acctyjnts give a fair wevl whKh is not a matter considered as part of an independent examinalion.. or 4. the accounts have not been prepared in acrtsdance wlh the meihods principles of the Statement of Recommended Praciice for accounting ant1 porting by charities lapplicable to charities preparing their accounts in accordance Vlilh the Finanual Reporting Slandard applicable in the UK and Republic ol IrelarHI {FRS 10211- I have no coneems and have come across no other matters in connection wth the examinats.on lo whith attention should be drawn in this report order lo enable a proper undetstanding of the accounts lo be reached. Martin N Wlthjowson Brebners Chartered AGcounlants 1 Suffolk Way Sevenoaks Kent TN13 1YL 08-Mar-22 Dale.'.....-....................... Page 7
DDpJSign Envelope ID.. 518FoFDffrOAtrA78oD>FE)llIlBcGAD SEVENOAKS TOWN FC LIMITED Statement of Financial Activities for the Year Ended 30 June 2021 (Including Income and Expenditure Account) Total 2021 T(tsl 2020 Unrestricted Note Income and Endowments frorn: Donaljons and legaues Other income 307.$81 7.887 307.581 7.687 274.659 68.086 Total Incorne Expenditure on= Raising fvnds- loan note Inte$t CharitatAe activities 315.268 315.268 342,745 11.338) 175,216 11.3381 175,216 15,667) 298,892 Total Expendthire 176.554 176.554 304.559 Net Ineom• 138,714 138 T14 38,186 Net movement In lund¥ 138,714 138.714 38.186 Re¢onelllation of lund Total fvnd5 brought forward 99,815 99.815 61,630 Total fvnds carrled tonrd 14 238 529 The statemenl olfinancial actiwties ndudes att gains and knsses recognised in the year. l ol the charitys ath"vities derive from Continuing opetsiions during the above trtr wirAIs. The notes on pa9Es 1110 17 form an integr* parl of Ihese finan¢ial 5tolernent5. Pa9e 8
Ooojsign Envelty¢ ID. 5lBFDFOAWT2cFDolI11Bl SEVENOAKS TOWN FC LIMITED (Registration number: 07298016) statefflenl of Financial Position as at 30 June 2021 2021 2020 No Flxed assets Tangible assets 149.4 153,484 Current asgets D¢btors Cash at bank and in hand 10 4.330 104,686 3,226 33.901 109,016 37,127 Cr•ditofs: Amourts falllng due wthon one year 12 18.$ 88,695 Net current as5gt51(Irabilitie51 Total assets less current Ilabillties 239.929 101.916 Cf•dltoYs: Amounts falllng due after more than one year 13 1.400 2,100 N•t assets 238.529 Fundi olthÈ charity: Unrtstrieted ineomt lunds Unrestricled lunds 238,529 99.816 Total fvnds 14 For the financial year ending 30 June 2021 the charity was entilted to exemptK>n from audit under sectlon 477 of the Companies Act 2006 relating 10 small oynpani¢$. Directors. Tesponsibilit*s'. The members have not reqUId the charty to obtsin an audit of its accounts for the year in question in ccordance wth section 476.. and The diredors acknowledge their respon5ibilrties lor compPying wth the requirements of the Act with re$ped to accounb.ng records and Ihe pp8fati0n of accounts. These accounts have been prepared in aCCoance tth the provisic5 applicable to companies subje¢t lo the small companies regime. The notes on pages 11 to 17 fonn an tegra1 port ofthese finanpal $tatements. Page 9
Oowsign En%tkJpe ltr. 518FOFt6OAWA72f>BOO>FC(11111B(*AO SEVENOAKS TOWN FC LIMITED (Registration number: 07298016) Stalement of Financial Position as at 30 June 2021 03-Mar-22 The financial ststements We appmved and aulhorised by the Iwstees on ............ . nd gned on their behaw by.. P L Lansdale Chaiman and Trustee F R P Le Sbirel Trustee The not¢s on pages 11 to 17 fowrn an wrtegral part of these financial statements. Page 10
Docusiw Envdope ID.. 5l8FDFOMA9?2(BjJ11l1B[AO SEVENOAKS TOWN FC LIMITED Notes to the Financial Statements for the Year Ended 30 June 2021 1 CHARITY STATUS The charity 1$ a company limited by guaranlee and cons¢quenty does not have shafe capit31. Each of the trustees is liable lo ¢onln"bute an amwnt nol excttding £1 twards the assets of the tharity in the evenl of Vlinding up. The address ol its r¢9isiered office ts". Fit Floor 1 Suffolk Way Sevenoaks Kent TN13 1YL The principal place of tsjsiness is.. Greatness Park Mil Lane Sevenoaks TN14 58X The principal actNty of ihe company is that of an Assouation Ftball dub. 2 ACCOUNTING POLICIES Summary of slgnlficant accounting poll¢les and key accounting estimate5 The pnntipal arxounting polioes appI¢j in the preparab.on of these finanual slatemen15 are set out below. These poliries have been conSistenY applied to all the year5 presented. unless othemse stated. Statement of eempllance The financial statements have been prepared in accvdwce Accounting aThY RePong by Charities.. Statement of Recommended Praclice applicable to thariiies pParing therr accounts in accordance with the Finanual Reporfing Stsndard applicable in Ihe UK and RepublK of Ireland IFRS 1021 {effective 1 January 20151- (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in ihe UK and Republir of Ireland IFRS 1021. They a150 1th Ihe CompanEs Ad 2006 and Charities Acl 2011. 8¥sis of preparation Sevenoaks Town FC Limited meets the t1effiThtn of a public benefft entity under FRS 102. As5?ts and liabilities are inilially recognised at histrjrical cost or transact value unfess othemse stated in the. relevant accounting policy notes. Going eontern After making enqUIs, the twstees have a reasonable expedation that the thawity has adequate resources to continue in Opera1 existence foi the foreseeable fiu. The trustees are able to exercise control over Ihe charilys expenditure when the d)arity$ actmtses a restricted. They are confident Ihat the charity 11 be able lo conb.nve to [et rts financial obli9ations. as and when they fall due and therefore ihe finanoal statements have been prepared on the going concem basis. Page11
DovJSvJn En%tlope ID.. 518FDFfm4w72(W)0gF1lTl0[ SEVENOAKS TOWN FC LIMITED Notes to the Flnanclal Statements for the Year Ended 30 June 2021 Exemptio fnxn pparing a ¢a$h Ilow Statement The charity adopted Charilies SORP IFRS 1021 Bulktin 1 and have t1refOre not induded a cash 11ow statement in these finanual 5tatement5. Ineom• Al in¢orn¢ is re¢ognised once the chanty has enbUennl to the Income, it probable that the income will be receNed and the amount of the income recer¥able can be rneasured reliabPy. Income from pitch faalty hire is reco9nised on the date of hi. Clutknouse takings are recognised on a daily basis. Donarions and hgacies Donation5 are recognised when the charity has been notiffied in writing of both Ihe amount and settlement date. In Ihe event that a donation is Subject to condrtJ"on5 that require a level ol performance by the charity before Ihe chaiity is entitw to the funds, ihe income is deferred and nol cogniSed until erthei those conditions are fiJlty met, or the luthlmenl ol those Cdion& is whojly witkn the control of the tharity and it is probable that Ihese ¢ondrtions wll be fuffilled in Ihe p0"ng period. Legary 9ifts are reco9nised on a case by case basis f011tyn9 the grant of probate when the adminlstratorlexeeutor for the estate h05 communKated in wwrting both the arrnunl and seWemenl date. In Ihe event that the gift 1$ in the fomi of an asset olher than cash or a finanoal asset tra¢Jed on a recognised stock exchange, recognibon is 5ubiecl to the value ol the gift being reliabty measurable wlh a degree of reasonable accuracy and the trtle to the asset haTh9 been translerred to the ty. Other regular gwing is iecognised upon recspt of funds by the charity. Grants recelyable Grants are recognised when the charity ha5 an entstlement to the funds and any nlIK)n5 linked to the grants have been met. Where performance condit)ns are altached io the grant and are yet to be met, the income is recogTh15ed a5 a Ila"11ty and induded on Ihe balance sheel as deferred incorne to be leased. Expenditure All expendrture is recognIs onr there is a legal or construdr¥e obliga11 to Ihat expenditure. rt is probable settlement is reqUId ant1 the amount can be measured llabty. AJI cosis are allocated to the applicable expenditure heading that aggregate simiLar costs to that category. Where costs cannot be directy attnbuted to parlicular headin9s they have been allocated on a basis consislent wth the use of resources. wsth central staff costs allocated on Ihe basis of time spent. and depreciation charges allocated on the portion of Ihe a55efs use. Other suppryt ¢0515 are allo based on Ihe $pread of 51aff costs. Raising lunds These a costs InCuf in attrnrting wontary iicome, the mana9emeni of investrnents and those incurred in Irading activities that raise funds_ Charilable zclivibe$ Charitable expen¢Jiture ccryiises ihose costs incurTe(I by ihe carity in the deh.very of rts acti¥ttses and services for rts benef+aries. li indudes bolh $ts th* can be alocated diredty to such acti¥iti'e3 and those osts of an indirect nature necessary (o svpport them. Support costs Support costs include central funcbons and hwe been alo¢attd to adivty co$t categorie$ on a ba$is nsi5tent wth the use ol resovrces. lor eyample. alocating propety costs ty floor areas, of per caprta, staff costs by the time spent and other costs by their usage_ Page 12
Dow&gn Envelope10.. s1BFDFC&OA9H72BooFll•1Bc SEVENOAKS TOWN FC LIMITED Notes to the Financial Statements for the Year Ended 30 June 2021 Gov¢rnJn¢e costs These indude the costs attributable to the charivs compliar¢ce Vith consittutional and stalvtory requirement5. induding audit. strategic ManageDnt and tsustees's meelings and reimbursed expenses. Taxatlon The charity is consitlered to pass the tests sel out in Parngraph 1 Schedule 6 01 the Finance Acl 2010 and therefore it meets the definition of a charitable company for UK corporation ts¥ purpose5. Accordingly, the charty is potenD'alty exempt frorn taXatn In respect of kncome C capital gains received within categories cove by Chapter 3 Part 11 of the Corporalion Tax Acl 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the exient that such income or gains are aOied exdusivety lo charrtable purposes. Tanglble flxed assets Tangible assets are stated in the statemenl of ffinancial posilion at CA>St. less subsequent amulaied depfeaation an(J subsequent accufflulated impairrnent lo$$es. Dprnciation and amortlsation Depreciation is wovKJed on tangible fued assets so as to off Ihe cost or valuation. less any estimated residual value, over ther expecled useful economic life as folknws". Asstt Class 3G pitch and stadium costs Planl and equiprrenl Depreciation method and rate 12.5% straighl line 20% stravJhl line Trade debtor¥ Trade debtors are amounts due from custcrfnews merthandtse sold or semces perfofrrd in the ordinary course of busines5. Traije debtors are recognised iniiialpy at the transath.on price. They are svbsequenty measured at amortssed cost using the effective interest method, less proviwon for impairnent A provision for the npairment ol trade debtors is established vthen there is objecttve wdenrE that the charity wil not be able lo collect al amounts due accordin9 to the original term5 of the recervables. Trndè er•ditois Trade creditors are obligation5 tts pay for goods or seNtes that have been acqured in Ihe wdinary course of busTrness Irom supplier5. Accounts payable are dassffied as cuffent liabilitses if the charity does not have an unconditional right, al the end of the repNling period. to deler $¢Mlemenl of the ditor for at leasl twefve months after the rewting date. If there is 3n unconditional nght to defer sewement for at beasl tr¥et¥e months after the rerthing date, they are psented as non-current Ikgbilth'es. Tiade creditors a cOgniSed initialty at the tranSalon priGe and subsequenty measured at amortised cost using the effectr4e interest method. Page 13
Dosan Envelope ID. S18FL)FOw72(Bo0&F1111l64D SEVENOAKS TOWN FC LIMITED Notes to the Financial Statements for the Year Ended 30 June 2021 Borrowings Inlerest-bearing borrong$ are initsalty recofded at fair value. net of Iransaction costs. Inlerest-bearing borrowings are subsequenlty carried at amortised cost, with Ihe drference betsveen the proceed5, net of Iransaction costs. and the amount due on redemption being recognssed as a charge to the Statement of Financial Actiwties eT the period of the relevant borron9. Intwest expense is recognised on the basis of Ihe effedr¥e inlerest rrthod and is induded in terest payable and similar charges. Borrowings a dassified as current liabil"e5 unless the dnty ha5 an u10dItional right to defvr settlemenl ofthe liabty for at least rnth$ after the repryting date. Fund structure Uftre5tricted inrne fvnds are general funds that are a¥aa for vse at the twustee5'5 dsscretiijn in rtherance of the objeth.ves ol the chanty. 3 INCOME FROM DONAnoNS AND LEGACIES untrIde Restrieted G¢ner41 f44nd¥ Total 2021 Total 2020 Donations and legaaes", Donations from indiwduals Legacies Gift aid redairned Grants, induding capital wanls., Go¥emment grants Grants Irorn other charit$ Regular giving aThJ caprtal donations 167,602 167,602 7.990 33,175 141.862 8.047 32.809 33.175 10.000 65.SC6 10.000 65.506 20.(Y)O 5.986 23,308 23.308 65.955 307 681 274.659 4 OTHER INCOME Unrestrlct¢d Restricted Genernl funds Total 2021 Total 2020 Pltch and facilities hire Clubhouse takings 623 623 80.149 7.937 Page 14
DouJSwJn Envek)pe ID.. 51BFDFfbOA72BEWD?1l11BC64D SEVENOAKS TOWN FC LIMITED Notes to the Financial Statements for the Year Ended 30 June 2021 S EXPENDITURE ON CHARITABLE ACTMTIES Unre&trlcted Support and governance tosts Facilltits and lootball costs Total 2021 Total 2020 prtch and facilib.es hire Faulities charges lfjt and equipment CoaGhing L¢8gue registrèlion Referee antj matchday costs Fines Courses, CRB and DBS thecks Pitchcare costs Deprec¢ation Bank charges Legal and prolession fees Advertising Independent examins fee Printsng and slatyonery Telephone and cornpuler 2.656 43.564 28,598 27,131 3.930 8.907 1,195 81X) 2,656 43,564 28.59B 27.131 3,930 8.907 1.195 800 22.009 29.261 1,932 951 1.310 2,160 162 650 55,941 90.912 38.823 32.237 8.428 14.813 840 1.305 17.750 29.261 1,130 1,423 2,369 2,160 895 605 29.261 1.932 951 1.310 2,180 182 650 175 216 6 TRUSTEES REMUNERATION AND EXPENSES No trustees, nor any persons connected wlh Ihem recwved any rernunernb.on from the charity during the year. 7 INDEPENDENT EXAMINER'S REMUNERATION 2021 2020 ExanNnation of the anUal statements TAXATION The Charity 1$ a reg151ered charity and is th¢refty¢ exempt from taxation. Page15
OK819n Envelope ID. S1BFOFtgv4720Wt)lll1Bc61D SEVENOAKS TOWN FC LIMITED Notes to the Flnanclal Statements for the Year Ended 30 June 2021 9 TANGIBLE FIXED ASSETS Plant and equlpment 3G piteh #nd
tsdlum Total C05t At 1 Juty 2020 Addrtions 27.749 210,7 25,275 238,539 25,275 At 30 June 2021 27,749 236.(5 263,814 Depreciatfjon At 1 July 2020 Charge for the year 12.554 72.$01 24.213 85,055 29,261 AI 30 June 2021 17.602 96.714 114.316 N¢1 book value At 30 Juno 2021 139 351 At 30 June 2020 10 DEBTORS 2021 2020 Trade debtors Prepayments 771 3.559 4.330 3.226 11 GASH AND CASH EQUIVALE14TS 2021 2020 Cash at bank 12 CREDITORS: AIAOUNTS FALLING DUE wfThiiN ONE YEAR 2021 2020 Trade creditors Loan ngte$ other Cfedit(K5 Accruals 16.912 4.703 59.200 5.614 19.178 700 973 Page 16
Docusigts Erwdr•e ID.. 5lBFDF[A72mD0V1IlBo6AD SEVENOAKS TOWN FC LIMITED Notes to the Financial Statements for the Year Ended 30 June 2021 13 CREDITORS: AMOUNTS FALUNG DUE AFTER ONE YEAR 2021 2020 Olher ueditLVS 14 FUNDS 8alance at 1 July 2020 Incomtng sourceg Resources expended Balance ot 30 June 2021 Llnrestricted lund¥ G¢neol 99.815 315.268 176.554 238.529 Balan¢e ai 1 Juty 2019 Ineoming resources Resourc expended Balance at 30 June 202 Unrtricted funds General 61.630 15 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unwestrieted lunds Genernl Total fund8 at 30 June 2021 Re8trietsd lunds Tangible ffi¥ed as$ets cyent assets Ctsffent14bilrties Creditofs over 1 year 149.498 109,016 {18.585) 1,4C(I 149.498 109,016 118,5851 1,400 Total net assets 238.529 238.529 Unre5tr5cted lunds General Total fund5 at 30 June 2020 Restricted funds Tangible fixed assets Current assets Current liabilities Creditors over 1 year 153.484 37,127 {B8.695) 2.1C(I 1 53.484 37,127 (88,6951 2,1 Total net assets 99.816 99.816 Pa9e17