Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
Company registration number: 07298016 Charity registration number: 1137673
## **SEVENOAKS TOWN FC LIMITED**
(A company limited by guarantee)
Annual Report and Financial Statements for the Year Ended 30 June 2024
## **BREBNERS**
Brebners Chartered Accountants
1 Suffolk Way Sevenoaks Kent TN13 1YL
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Statement of Financial Position|9 to 10|
|Notes to the Financial Statements|11 to 18|
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Reference and Administrative Details**
**Chairman** P L Lansdale **Trustees** P L Lansdale K E Marsh F R P Le Sbirel S A Lansdale R P Miles **Registered Office** First Floor 1 Suffolk Way Sevenoaks Kent TN13 1YL **Company Registration Number** 07298016 **Charity Registration Number** 1137673 **Independent Examiner** Brebners Brebners Chartered Accountants 1 Suffolk Way Sevenoaks Kent TN13 1YL
Page 1
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Trustees' Report**
The trustees, who are also directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 30 June 2024.
## **Objectives and activities**
## _**Objects and aims**_
The charity's objectives are
- To organise and provide facilities for people of all ages resident in the Sevenoaks area to play Association Football ensuring that due attention is given to the physical, personal and educational development of players.
- To provide and assist in the organisation or provision of coaching to schools that cater for children with learning and physical disabilities.
- To further such other charitable purposes, particularly in the area of benefit, as the trustees of the Charity may from time to time decide.
Sevenoaks Town FC Limited will promote the health and moral welfare of young people. We will do this by the provision of facilities and activities that provide a safe and supportive environment in which young people are encouraged to develop their skills. We will also place an emphasis on involvement with the community, enabling and encouraging young people to take active and responsible roles in their local community.
## _**Public benefit**_
The activities undertaken to further public benefit are the advancement of amateur sport and associated education.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## _**Achievements and performance**_
## **Chairman's report**
The club's 3G pitch will be starting its 8th season in July 2024 and with an average life expectancy being around 10 years we have had to plan to cover the cost of a replacement . Due to the managed usage and controls we have in place we are expecting and hoping to extend the life of the current surface to the end of the 2027/28 season, but this will require the club to continue to keep very tight controls on the hours of usage and rigorous maintenance and usage policies. The current cost to replace the surface is circa £280,000, we have 3G reserve replacement funds of £77,924 as of 30th June 2024.
Page 2
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Trustees' Report**
Sevenoaks Town FC (STFC) offers a “Football for all” policy in the Sevenoaks area, running teams and coaching in a safe and friendly environment for those aged 4 years old and above. For the season 2023/24 we operated eight senior teams including a mens first team that played in the Isthmian League (step 4), Four Power Wheelchair teams, one played in the National League, one in the Regional League and one in the Development League, one ladies team that played in the South East Counties Women’s League as well as a mens and ladies reserve teams and our community Walking Football. There were also 60 youth teams playing in the Maidstone Primary Invicta League, Crowborough and District Junior Football League, Tandridge League, Kent Youth League and Kent Girls and Ladies League.
Our aim is to provide young footballers in the area with a pathway from youth football into the senior game. This is a massive step towards building strong foundations and keeping football for children and seniors alike in the town for many years to come. Our ambition is to have our own homegrown talent moving through the age groups and provided they’re not talent-spotted first there is a clear pathway into senior football for these youngsters.
Finally and most importantly I must mention our volunteers and external coaches who number more than 270. Our club could not function without the dedicated and reliable group of volunteers and external coaches. Great credit must be given to all our managers, coaches and a host of volunteers who carry out all those jobs that need to done in order to achieve the successes they deservedly made. In particular, I just mention the administration that all teams must provide in order to meet the very onerous and time consuming obligations that all our teams must adhere to in order to meet the detailed requirements of the FA and the league in which they compete.
It is however a great disappointment that some of our managers, coaches and volunteers who all give up endless volunteer hours still receive some criticism. I urge everyone to take a moment to just say thank you to all the clubs volunteers and let them know they are appreciated because without them we do not have a club.
The reality is that there's more in the club that unites us than divides us.
## **Trustees' report**
STFC is part of an elite group of clubs nationwide that hold the highest status from the Football Association, namely the FA Accreditation 3 star. This standard was reconfirmed during 2023 following an audit process undertaken by the Kent FA.
Our facility at Greatness Park continues to be the cornerstone of our club’s future and investment into the 3G pitch has been a significant success and will help to underpin the aims and objectives of the club.
Our vibrant club continues to grow and we are grateful for the use of many venues which we currently use for matches and training including Greatness Park, Seal Rec, Sevenoaks School, Trinity School, and Dunton Green Primary School.
Our Football in the Community Scheme (Skills School and Wildcats) continues to grow from strength to strength. This is designed to increase the number of children playing football, increase the number of girls playing football, provide opportunities to play football for young people with disabilities, establish links between the club and local schools and educate children of the benefits of regular activity and a healthy diet. The scheme also provides our youth players with an opportunity to learn and develop coaching skills under supervision from our established qualified coaches.
Page 3
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Trustees' Report**
During the season 2023/24 the Club
- Affiliated with the Kent FA 68 teams
- Provided sport for around 1,000 boys and girls and increased participation in girls’ football
• Conducted an operational review with an FA consultant
• Worked closely with local community groups such as Sevenoaks Samaritans and West Kent Mind
The Club is actively pursuing the plans to build a fit for purpose club house at Greatness Park to enhance the provision of sports facilities for our local community. We received planning permission on 30th September 2021. The permission had a number of conditions which included Environmental Agency requirements. We have been working our way through the conditions which are now all satisfied.
Following our CIL applications we were granted £787,500 and a further £87,500 from Sevenoaks Town Council in December 2023.
We have also engaged with the Football Foundation and plan to submit our applications soon.
The charity’s approach to reserves is to ensure that at all times a minimum of £20,000 is kept as an operational contingency fund, which would help to cover events such as vandalism to our facilities and shortfall in revenue.
We also aimed to have a sinking fund for our 3G facility up to £20,000 per year, however during this financial year we have encountered increased costs which has made it impossible to add to the sinking fund. The estimated cost to replace the surface after 8 to 10 years usage is circa £280,000 an increase from the original estimate of £180,000 due to the current worldwide operational increase in raw materials, products and labour.
## _**Financial Review**_
## **Treasurer's report**
I am pleased to report that Sevenoaks Town FC Limited (STFC) continues to develop on a sound footing. The Committee is aware of the ongoing economic uncertainties and is seeking to ensure that membership and football remains to be affordable and provides value for money while protecting the future of the club.
The accounts are provided for the whole football club following changes to the Club's legal constitution 8 years ago. The club continues to be run on a sectionalised basis encompassing Seniors, Facilities and Main (youth and general income and costs) although the annual accounts presented are on a consolidated basis.
The 3G pitch and stadium development continues to be the flagship of the Club and associated revenue streams reflect its popularity with gross income of £510,959 (2023: £472,136). Fixed assets with a carrying value of £212,046 (2023: £193,510) reflect the continued investment in the 3G pitch and stadium costs.
Sevenoaks Town FC Limited was registered as a charity back in 2010 so that the Club could apply for Gift Aid. This year the Club received £33,136 in Gift Aid.
Page 4
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Trustees' Report**
Donations and membership subscriptions of £220,935 (2023: £176,552) once again continues to show that the demand to support and play for the Club.
The Club is very grateful for the continuing sponsorship it receives from a variety of firms and parents and this increased to £36,481 (2023: £31,116). This is mainly down to an increase in the senior sponsorship following the previous season being curtailed.
The Club's costs of Charitable activities is £510,786 (2023: £469,673).
After having taken into account amounts due to the Club (debtors) and those amounts still to be paid (creditors) a surplus of £172 (2023: £2,463) has been generated which takes the General Reserve Fund to £251,122 (2023: £250,950). It should be noted that during 2019 the club received a significant amount of £18,578 for an insurance claim for damage to the 3G pitch. As the work to repair the pitch has yet to be undertaken these funds are available for this future expenditure.
The Club has earmarked funds for the replacement of the 3G. As at 30th June 2024 this was £77,924 (2023 - £70,000).
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is controlled by its governing document, a deed of trust, and constitutes a company, limited by guarantee, as defined by the Companies Act 2006.
## _**Arrangements for setting key management personnel remuneration**_
No director or charitable trustee received any remuneration from the club during the year.
## **Employment of disabled persons**
The club has an open to all policy for volunteers and trustees.
Page 5
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Trustees' Report**
## **Trustees' responsibilities statement**
The trustees (who are also the directors of Sevenoaks Town FC Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
## **Statement of Responsibilities**
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Disclosure of information to auditor**
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
24-Mar-25
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... P L Lansdale Chairman and trustee
Page 6
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Independent Examiner's Report to the trustees of Sevenoaks Town FC Limited**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 June 2024 which are set out on pages 8 to 18.
## **Responsibilities and basis of report**
As the charity’s trustees of Sevenoaks Town FC Limited (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Sevenoaks Town FC Limited are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since Sevenoaks Town FC Limited's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Sevenoaks Town FC Limited as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Martin Widdowson Brebners Chartered Accountants
1 Suffolk Way Sevenoaks Kent TN13 1YL 24-Mar-25
Date:.............................
Page 7
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Statement of Financial Activities for the Year Ended 30 June 2024 (Including Income and Expenditure Account)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other income
4
Total Income
**Expenditure on:**
Raising funds
Charitable activities
5
Total Expenditure
**Net income**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**15**|**Unrestricted**
**£**
475,871
35,088
510,959
1,313
(512,100)
(510,787)
**172**
**172**
250,950
**251,122**|**Total**
**2024**
**£**
475,871
35,088
510,959
1,313
(512,100)
(510,787)
**172**
**172**
250,950
**251,122**|**Total**
**2023**
**£**
425,559
46,577|
|---|---|---|---|
||||472,136|
||||-
(469,673)|
||||(469,673)|
||||**2,463**|
||||**2,463**
248,487|
||||**250,950**|
The statement of financial activities includes all gains and losses recognised in the year.
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 11 to 18 form an integral part of these financial statements. Page 8
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **(Registration number: 07298016) Statement of Financial Position as at 30 June 2024**
|**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Stocks
10
Debtors
11
Cash at bank and in hand
12
**Creditors: Amounts falling due within one year**
13
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
14
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
**15**|**2024**
**£**
212,046
18,826
16,859
77,924
113,609
(72,379)
**41,230**
**253,276**
(2,154)
**251,122**
251,122
**251,122**|**2023**
**£**
193,510
10,000
15,667
81,043|
|---|---|---|
|||106,710
(44,962)|
|||**61,748**|
|||**255,258**
(4,308)|
|||**250,950**|
|||250,950|
|||**250,950**|
For the financial year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The notes on pages 11 to 18 form an integral part of these financial statements. Page 9
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
# **SEVENOAKS TOWN FC LIMITED**
**(Registration number: 07298016) Statement of Financial Position as at 30 June 2024**
24-Mar-25
The financial statements were approved and authorised by the trustees on ............................................... and signed on their behalf by:
......................................... P L Lansdale Chairman and Trustee
......................................... K E Marsh Trustee
The notes on pages 11 to 18 form an integral part of these financial statements. Page 10
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **1 CHARITY STATUS**
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of winding up.
The address of its registered office is: First Floor 1 Suffolk Way Sevenoaks Kent TN13 1YL
The principal activity of the company is that of an Association Football club.
The principal place of business is: Greatness Park Mill Lane Sevenoaks TN14 5BX
## **2 ACCOUNTING POLICIES**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Sevenoaks Town FC Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
After making enquires, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
The trustees are able to exercise control over the charity's expenditure when the charity's activities are restricted. They are confident that the charity will be able to continue to meet its financial obligations, as and when they fall due and therefore the financial statements have been prepared on the going concern basis.
Page 11
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **Exemption from preparing a cash flow statement**
The charity adopted Charities SORP (FRS 102) Bulletin 1 and have therefore not included a cash flow statement in these financial statements.
## **Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Income from pitch and facility hire is recognised on the date of hire. Clubhouse takings are recognised on a daily basis.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. Other regular giving is recognised upon receipt of funds by the charity.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Page 12
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|3G pitch and stadium costs|12.5% straight line|
|Plant and equipment|20% straight line|
Costs incurred in connection with the new clubhouse have not been depreciated.
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 13
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
## **3 INCOME FROM DONATIONS AND LEGACIES**
|Donations and legacies;
Donations from individuals
Legacies
Gift aid reclaimed
Grants, including capital grants;
Grants from other charities
Regular giving and capital
donations|**Unrestricted**
**General**
**£**
347,151
43,969
33,136
15,134
36,481
**475,871**|**Restricted**
**funds**
**£**
-
-
-
-
-
**-**|**Total**
**2024**
**£**
347,151
43,969
33,136
15,134
36,481
**475,871**|**Total**
**2023**
**£**
293,052
66,597
30,500
4,294
31,116|
|---|---|---|---|---|
|||||**425,559**|
## **4 OTHER INCOME**
|Pitch and facilities hire
Clubhouse takings|**Unrestricted**
**General**
**£**
4,894
30,194
**35,088**|**Restricted**
**funds**
**£**
-
-
**-**|**Total**
**2024**
**£**
4,894
30,194
**35,088**|**Total**
**2023**
**£**
22,370
24,207|
|---|---|---|---|---|
|||||**46,577**|
Page 14
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **5 EXPENDITURE ON CHARITABLE ACTIVITIES**
|Pitch and facilities hire
Senior teams costs, coaching and
subcontractors
Facilities charges
Kit and equipment
Coaching
Staff Costs
Bank charges
Printing and stationery
Depreciation
Matchday costs
Awards day
League registration
Fines
Courses, CRB and DBS checks
Pitchcare costs
Independent examiner's fee
Loss on sale of tangible fixed
assets
Legal and professional fees
Advertising
Telephone and Fax|**Unrestricted**
**Facilities and**
**football costs**
**£**
**Support and**
**governance**
**costs**
**£**
26,240
-
164,065
-
67,295
-
53,096
-
83,744
-
-
-
-
2,433
-
16
-
28,951
22,462
-
11,503
-
8,507
-
2,048
-
2,415
-
26,572
-
-
4,930
-
-
-
3,480
-
3,513
-
830
**467,947**
**44,153**|**Total**
**2024**
**£**
26,240
164,065
67,295
53,096
83,744
-
2,433
16
28,951
22,462
11,503
8,507
2,048
2,415
26,572
4,930
-
3,480
3,513
830
**512,100**|**Total**
**2023**
**£**
22,463
142,936
57,345
39,614
76,891
12,057
2,893
375
30,605
21,596
9,595
8,796
1,805
2,440
29,189
3,758
369
2,574
4,372
-|
|---|---|---|---|
||||**469,673**|
## **6 TRUSTEES REMUNERATION AND EXPENSES**
No trustees, nor any persons connected with them received any remuneration from the charity during the year.
## **7 INDEPENDENT EXAMINER'S REMUNERATION**
Examination of the financial statements
**----- Start of picture text -----**
2024 2023
£ £
4,930 3,758
**----- End of picture text -----**
Page 15
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **8 TAXATION**
The charity is a registered charity and is therefore exempt from taxation.
## **9 TANGIBLE FIXED ASSETS**
|**9**
**TANGIBLE FIXED ASSETS**||||||
|---|---|---|---|---|---|
|**Cost**
At 1 July 2023
Additions
At 30 June 2024
**Depreciation**
At 1 July 2023
Charge for the year
At 30 June 2024
**Net book value**
**At 30 June 2024**
At 30 June 2023
**10 STOCK**
Stocks
**11 DEBTORS**
Trade debtors
Prepayments
**12 CASH AND CASH EQUIVALENTS**
Cash at bank|**Plant and**
**equipment**
**£**
39,307
2,340
41,647
25,960
4,738
30,698
**10,949**
**13,347**||**3G pitch and**
**stadium**
**£**
325,302
45,147
370,449
145,139
24,213
169,352
**201,097**
**180,163**
**2024**
**£**
**18,826**
**2024**
**£**
787
16,072
**16,859**
**2024**
**£**
**77,924**||**Total**
**£**
364,609
47,487
412,096
171,099
28,951
200,050
**212,046**
**193,510**
**2023**
**£**
**10,000**|
||||**2024**
**£**
**18,826**
**2024**
**£**
787
16,072
**16,859**
**2024**
**£**
**77,924**|||
||||||**2023**
**£**
1,325
14,342|
||||||**15,667**|
||||||**2023**
**£**
**81,043**|
Page 16
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Other creditors
Accruals
**14 CREDITORS: AMOUNTS FALLING **
Other creditors
**15 FUNDS**
**Unrestricted funds**
General
**Unrestricted funds**
General|**DUE AFTER ONE YEAR**
**Balance at 1**
**July 2023**
**£**
**Incoming**
**resources**
**£**
**250,950**
**510,959**
**Balance at 1**
**July 2022**
**£**
**Incoming**
**resources**
**£**
**248,487**
**472,136**|**2024**
**£**
65,143
2,136
5,100
**72,379**
**2024**
**£**
**2,154**
**Resources**
**expended**
**£**
**(510,787)**
**Resources**
**expended**
**£**
**(469,673)**|**2023**
**£**
38,123
2,836
4,003|
|---|---|---|---|
||||**44,962**|
||||**2023**
**£**
**4,308**|
||||**Balance at 30**
**June 2024**
**£**
**251,122**|
||||**Balance at 30**
**June 2023**
**£**
**250,950**|
Page 17
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **16 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
**STAFF COSTS**
The aggregate payroll costs were as follows:
**Staff costs during the year were:**
Wages and salaries
Social security costs|**Unrestricted**
**funds**
**General**
**£**
212,046
113,609
(72,379)
(2,154)
**251,122**
**Unrestricted**
**funds**
**General**
**£**
193,510
106,710
(44,962)
(4,308)
**250,950**|**Restricted**
**funds**
**£**
-
-
-
-
**-**
**Restricted**
**funds**
**£**
-
-
-
-
**-**
**2024**
**£**
-
-
**-**|**Total funds at**
**30 June**
**2024**
**£**
212,046
113,609
(72,379)
(2,154)|
|---|---|---|---|
||||**251,122**|
||||**Total funds at**
**30 June**
**2023**
**£**
193,510
106,710
(44,962)
(4,308)|
||||**250,950**|
||||**2023**
**£**
11,545
512|
||||**12,057**|
## **17 STAFF COSTS**
No employee received emoluments of more than £60,000 during the year.
Page 18
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Detailed Statement of Financial Activities for the Year Ended 30 June 2024**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Other income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
**Net income**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Total**
**2024**
**£**
475,871
35,088
510,959
1,313
(512,100)
(510,787)
**172**
**172**
250,950
**251,122**|**Total**
**2023**
**£**
425,559
46,577|
|---|---|---|
|||472,136|
|||-
(469,673)|
|||(469,673)|
|||**2,463**|
|||**2,463**
248,487|
|||**250,950**|
This page does not form part of the statutory financial statements. Page 19
Docusign Envelope ID: AF182859-4313-440F-AE8E-4822959EE1A7
## **SEVENOAKS TOWN FC LIMITED**
## **Detailed Statement of Financial Activities for the Year Ended 30 June 2024**
|_Donations and legacies_
Appeals and donations
Gift Aid
Trusts and foundations
Grants - other agencies
Sponsorship
_Other income_
Pitch Hire
Clubhouse takings
_Raising funds_
Bank Interest
_Charitable activities_
Pitch and facilities hire
Facilities charges
Senior teams costs, coaching and subcontractors
Kit and equipment
Coaching
Bank charges
Depreciation of plant and machinery
Wages and salaries
Staff NIC (Employers)
Telephone and fax
Printing, postage and stationery
Matchday costs
Awards day
League registration
Fines
Courses, CRB and DBS checks
Pitchcare costs
Advertising
Independent examiner's fee
Legal and professional fees
Profit/(loss) on sale of tangible fixed assets|**Total**
**2024**
**£**
347,151
33,136
43,969
15,134
36,481
**475,871**
4,894
30,194
**35,088**
1,313
**1,313**
(26,240)
(67,295)
(164,065)
(53,096)
(83,744)
(2,433)
(28,951)
-
-
(830)
(16)
(22,462)
(11,503)
(8,507)
(2,048)
(2,415)
(26,572)
(3,513)
(4,930)
(3,480)
-
**(512,100)**|**Total**
**2023**
**£**
293,052
30,500
66,597
4,294
31,116|
|---|---|---|
|||**425,559**|
|||22,370
24,207|
|||**46,577**|
|||-|
|||**-**|
|||(22,463)
(57,345)
(142,936)
(39,614)
(76,891)
(2,893)
(30,605)
(11,545)
(512)
-
(375)
(21,596)
(9,595)
(8,796)
(1,805)
(2,440)
(29,189)
(4,372)
(3,758)
(2,574)
(369)|
|||**(469,673)**|
This page does not form part of the statutory financial statements. Page 20