Charity registration number 1163527
HORWICH ST MARYS FOOTBALL CLUB
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
HORWICH ST MARYS FOOTBALL CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs K Patel R Walmsley D Barry T Dempsey
Charity number 1163527 Registered office 21 Broad Oak Close Adlington Chorley PR6 9RU Independent examiner David Kay, FCA Barlow Andrews LLP Carlyle House Bolton BL1 4BY
HORWICH ST MARYS FOOTBALL CLUB
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Statement of trustees' responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 15 |
HORWICH ST MARYS FOOTBALL CLUB
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their report and financial statements for the year ended 31 August 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document , the Charities Act 2011 and “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) (effective 1 January 20 19 )” .
Objectives and activities
The objectives of the charity are the promotion of community participation in healthy recreation for the benefit of children and adults by providing qualified football training, organising matches and providing or assisting in the provision of facilities for the playing of Association Football.
These objects shall be furthered in the North West of England, in particular, but not exclusively, within the geographical boundaries of both Bolton Metropolitan Council and Chorley Borough Councils.
The trustees have a duty to ensure that the activities of the charity continue to provide a public benefit. In continuing to carry out the above activities, the charity does promote community participation in healthy recreation and therefore provides public benefit.
As trustees, we have adhered to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The CIO’s Statement of Financial Activities for the year is presented on page 6.
During the reporting period the trustees have met on 4 occasions, and we have continued with the previous committee structure and have added further volunteers to this structure at our AGM in June 21. These new committee members have a focus especially with regards to fundraising and wider promotion of the facility. We believe that we have sufficient representation of key volunteers to provide the right amount of experience and expertise to support the club moving forwards.
Following a difficult year in which there was disruption to grassroots football we have endeavoured to continue to promote our mission statement as below:
“To provide the community of Horwich and surrounding districts with a fun and friendly environment, promoting healthy sport through organized football regardless of age and ability”.
However, this has remained challenging within the reporting period as grassroots football was halted from January until March during the Government’s Tier System.
During this period, we allowed families that were having financial difficulties to again suspend their child’s subscriptions in line with the Club’s communication to parents during the first national lockdown, however we welcomed the fact that many members continued to support the Club financially throughout this difficult period.
As a club we successfully secured funding from Bolton MBC and the Football Foundation which ensured that our facilities were appropriately maintained for the return of our members as part of the FA’s restart programme.
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HORWICH ST MARYS FOOTBALL CLUB
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Our facilities and clubhouse continue to be fully utilised much to the delight of the local community, committee members and all associated with Horwich St Mary’s CIO. Unfortunately, during the lockdowns, the facilities and clubhouse were unable to be used to their full capacity resulting in a loss of income as our adult leagues suspended their seasons in November 21. However, during the summer we were able to host a few events in line with Current Covid Protocols which included Community Partnership Leagues Cup Finals Day for the u7’s to u13’s age groups, a community concert organised by local residents, and televised European Championship games for our members, which in turn allowed us to generate much needed income for the Club through sales from the café and bar. As a club we are proud that members of the local community have commented positively on the standard of our pitches and facilities at Scholes Bank. This has been further echoed by league officials from the Bolton & Bury District Junior League, West Lancashire, and South Lancashire Football Leagues.
We continue with general maintenance work of the older part of the site to ensure that we utilised all the available space for pitches so our teams can continue to play at Scholes Bank. However, we do have capacity to use the local 3G facilities in the winter months if we need to alleviate the amount of scheduled ‘home’ games. The trustees are fully aware of the ongoing costs to maintain the pitches and various fund-raising activities continue to be organised to support the budget.
We are pleased to report that we have seen an increase in bookings for the clubhouse and additional community groups to deliver non-football activities such as keep fit, yoga, and private parties for the remainder of 2021.
The clubhouse, café, pitches, and function room whilst being unable to increase profits this year due to the pandemic, are very much in demand and profitability will increase with upcoming bookings and games being played on the site as the CIO becomes re-established throughout the local area. However, the trustees recognise the need to balance the income generated from having a healthy number of teams to meet its budget, against the capacity of the Scholes Bank site to accommodate the number of matches for its teams over a typical weekend.
Furthermore, we continue to attract new children and new teams to join our growing club. This summer we are holding a summer soccer school and have agreed to allow a Chorley ladies’ development squad to use our facilities next season. As a Charter Standard Community Club, we are actively promoting the participation of more females playing the game which has resulted with the formation of a girls’ team for the new season.
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to due diligently:
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Select suitable accounting policies and then apply them consistently
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Observe the methods and principles in the Charities SORP
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Make judgements and estimates that are reasonable and prudent
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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HORWICH ST MARYS FOOTBALL CLUB
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
Financial review
Financial performance for the year is summarised on page 6 in the Statement of Financial Activities.
The charity aims to maintain sufficient free reserves to meet its day to day running costs for a full season. At £66,596, free reserves currently achieve this aim.
Funds surplus to immediate requirements are held in bank deposit accounts, currently spread across two different banks to reduce the risk of over-exposure to any one in particular. No investments are made in stocks and shares.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
Horwich St Mary's Football Club was registered as a charitable incorporated organisation ("CIO") on 14 September 2015 (charity number 1163527). From that date the new CIO assumed the operations, including assets, liabilities and funds, of Horwich St Mary's FC Trust, an unincorporated charitable trust, charity number 1118304, which had been formed in 2006.
The trustees who served during the year and up to the date of signature of the financial statements were: Mrs K Patel
R Walmsley D Barry T Dempsey
The charity is managed by its trustees. Under its governing document the maximum number of trustees is seven and at least three trustees' meetings must be held per year. Full provisions regarding the powers and proceedings of the trustees can be found in the governing document.
The trustees' r eport was approved by the Board of Trustees.
R Walmsley
Trustee Dated: 25 June 2022
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HORWICH ST MARYS FOOTBALL CLUB
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2021
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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HORWICH ST MARYS FOOTBALL CLUB
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HORWICH ST MARYS FOOTBALL CLUB
I report to the trustees on my examination of the financial statements of Horwich St Marys Football Club (the charity) for the year ended 31 August 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
David Kay, FCA Barlow Andrews LLP Chartered Accountants
Carlyle House 78 Chorley New Road Bolton BL1 4BY
Dated: 25 June 2022
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HORWICH ST MARYS FOOTBALL CLUB
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income Donations and legacies 2 22,024 - Charitable activities 3 63,650 - Other trading activities 4 18,437 - Investments 29 - Other income 1,075 - Total income 105,215 - Expenditure on: Charitable activities 5 82,940 15,528 Net income/(expenditure) for the year/ Net movement in funds 22,275 (15,528) Fund balances at 1 September 2020 225,863 741,660 Fund balances at 31 August 2021 248,138 726,132 |
TotalUnrestricted Restricted funds funds 2021 2020 2020 £ £ £ 22,024 10,000 7,981 63,650 57,957 - 18,437 3,485 - 29 25 - 1,075 4,734 - 105,215 76,201 7,981 98,468 70,347 23,446 6,747 5,854 (15,465) 967,523 220,009 757,125 974,270 225,863 741,660 |
Total 2020 £ 17,981 57,957 3,485 25 4,734 84,182 93,793 (9,611) 977,134 967,523 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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HORWICH ST MARYS FOOTBALL CLUB
BALANCE SHEET
AS AT 31 AUGUST 2021
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Income funds Restricted funds 13 Unrestricted funds |
2021 £ 3,915 66,448 70,363 (5,749) |
£ 909,656 64,614 974,270 726,132 248,138 974,270 |
2020 £ 4,065 55,728 59,793 (9,322) |
£ 917,052 50,471 967,523 741,660 225,863 967,523 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 25 June 2022
R Walmsley Trustee
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HORWICH ST MARYS FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1 Accounting policies
Charity information
Horwich St Mary's FC Trust is a charitable incorporated organisation. The registered office is 21 Broad Oak Close, Adlington, Chorley.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and "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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are incoming resources receivable or generated for the objects of the charity, without restriction, and are available as general funds to be applied as the charity sees fit.
Restricted funds are incoming resources which are given for a specific purpose as stipulated by the donor or funding body concerned. Where restricted fund income is used to acquire tangible fixed assets, such as the clubhouse and pitches development, the fund balance will be reduced each year by an appropriate proportion of the depreciation charged on the asset in the year, unless any conditions attached to the restricted fund are such that it is felt that the balance on the fund can be transferred to unrestricted funds.
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HORWICH ST MARYS FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
1 Accounting policies
(Continued)
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is included on an accruals basis as a liability is incurred.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its services and activities for its beneficiaries and includes costs that can be directly allocated to such activities, as well as those of an indirect nature necessary to support them.
Governance costs are the costs of running the charity as a legal entity, and are primarily associated with constitutional and statutory requirements.
Purchase of kit and equipment are treated as consumable items, rather than as fixed assets, unless the amounts involved are of such significance as to warrant capitalising.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Clubhouse development 2% straight line Fixtures and fittings 20% reducing balance Plant and machinery 20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks .
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HORWICH ST MARYS FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
1 Accounting policies
(Continued)
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
- 2 Donations and legacies
| Unrestricted Restricted funds funds 2021 2021 £ £ Grants received in the year 22,024 - For the year ended 31 August 2020 10,000 7,981 Grants receivable for core activities Football Foundation 2,000 - Bolton MBC - covid support grants 20,024 - 22,024 - |
Total 2021 £ 22,024 2,000 20,024 22,024 |
Total 2020 £ 17,981 17,981 7,981 10,000 17,981 |
|---|---|---|
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HORWICH ST MARYS FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
3 Charitable activities
| 2021 £ Subscriptions 53,125 Room hire 10,525 63,650 Other trading activities Unrestricted funds 2021 £ Bar/Cafe income 12,895 Sponsorships and social lotteries 5,542 Other trading activities 18,437 |
2020 £ 50,582 7,375 57,957 Total 2020 £ 1,019 2,466 3,485 |
|---|---|
4 Other trading activities
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HORWICH ST MARYS FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
5 Charitable activities
| Charitable | Charitable | |
|---|---|---|
| Activities | Activities | |
| 2021 | 2020 | |
| £ | £ | |
| Depreciation and impairment | 19,883 | 17,318 |
| Equipment purchases | 20,598 | 20,647 |
| Insurance | 1,784 | 1,677 |
| Kit purchases | 3,463 | 2,478 |
| LFA and league fees | 914 | 1,170 |
| Miscellaneous expenditure | 10,673 | 5,667 |
| Pitch fees | 16,098 | 20,854 |
| Printing, postage and stationery | 598 | 228 |
| Referees' fees | 2,230 | 2,816 |
| Training | 10,166 | 12,750 |
| Trophies | 1,635 | 207 |
| Scholes Bank lease payments | 2,063 | 2,438 |
| Scholes Bank utilities | 6,383 | 3,383 |
| 96,488 | 91,633 | |
| Share of governance costs (see note 6) | 1,980 | 2,160 |
| 98,468 | 93,793 | |
| Analysis by fund | ||
| Unrestricted funds | 82,940 | 70,347 |
| Restricted funds | 15,528 | 23,446 |
| 98,468 | 93,793 |
Included in the expenditure above is approximately £8,000 of costs relating to the operation of the bar and cafe. These costs include cafe and bar purchases, premises license fee and the purchase and maintenance of small items of equipment.
6 Support costs and governance costs
| Support costs Governance costs £ £ Independent examination - 1,980 - 1,980 Analysed between Charitable activities - 1,980 |
2021 £ 1,980 1,980 1,980 |
2020 £ 2,160 2,160 2,160 |
|---|---|---|
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HORWICH ST MARYS FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period.
8 Employees
There were no employees on payroll during the year. £685 was spent on running the bar.
9 Tangible fixed assets
| Clubhouse development Fixtures and fittings £ £ Cost At 1 September 2020 988,350 12,327 Additions 9,786 2,701 At 31 August 2021 998,136 15,028 Depreciation and impairment At 1 September 2020 90,857 6,646 Depreciation charged in the year 15,528 1,397 At 31 August 2021 106,385 8,043 Carrying amount At 31 August 2021 891,751 6,985 At 31 August 2020 897,493 5,681 10 Debtors Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income |
Plant and machinery £ 14,790 - 14,790 912 2,958 3,870 10,920 13,878 2021 £ 170 3,000 745 3,915 |
Total £ 1,015,467 12,487 1,027,954 98,415 19,883 118,298 909,656 917,052 2020 £ 35 3,000 1,030 4,065 |
|---|---|---|
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HORWICH ST MARYS FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
11 Creditors: amounts falling due within one year
| Notes Deferred income 12 Other creditors Accruals Deferred income Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 September 2020 Released from previous periods Resources deferred in the year Deferred income at 31 August 2021 |
2021 £ 920 1,982 2,847 5,749 2021 £ 920 4,780 (4,780) 920 920 |
2020 £ 4,780 - 4,542 9,322 2020 £ 4,780 320 (320) 4,780 4,780 |
|---|---|---|
12 Deferred income
13 Restricted funds
The funds of the charity include restricted funds received and expended on the clubhouse development from various sources. The balance on the funds is reduced each year by an amount equal to the depreciation charged against the clubhouse development asset as disclosed in note 9 to the accounts.
| Movement in funds | Movement in funds | |||||
|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Resources | Balance at | |
| 1 September | resources | expended | 1 September | expended | 31 August | |
| 2019 | 2020 | 2021 | ||||
| £ | £ | £ | £ | £ | £ | |
| Clubhouse/pitch | ||||||
| development funding | 757,125 | - | (15,465) | 741,660 | (15,528) | 726,132 |
| Football foundation | ||||||
| funding | - | 7,981 | (7,981) | - | - | - |
| 757,125 | 7,981 | (23,446) | 741,660 | (15,528) | 726,132 |
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HORWICH ST MARYS FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
14 Analysis of net assets between funds
| Restricted funds Unrestricted funds 2021 2021 £ £ Fund balances at 31 August 2021 are represented by: Tangible assets 726,132 183,524 Current assets/(liabilities) - 64,614 726,132 248,138 Restricted funds Unrestricted funds 2020 2020 £ £ Fund balances at 31 August 2020 are represented by: Tangible assets 741,660 175,392 Current assets/(liabilities) - 50,471 741,660 225,863 |
Total 2021 £ 909,656 64,614 974,270 Total 2020 £ 917,052 50,471 967,523 |
|---|---|
15 Related party transactions
There were no disclosable related party transactions during the year (2020 - none) .
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