**Charity registration number 1163527**
## **HORWICH ST MARYS FOOTBALL CLUB**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **HORWICH ST MARYS FOOTBALL CLUB**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
K Patel R Walmsley D Barry T Dempsey G McLoughlin
(Appointed 1 September 2023)
**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 - 2|
|Statement of trustees' responsibilities|3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 14|
## **HORWICH ST MARYS FOOTBALL CLUB**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 AUGUST 2023**_
The trustees present their report and financial statements for the year ended 31 August 2023.
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 2019)”.
## **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 objectives 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**
During the reporting period, the trustees have met on 4 occasions and have continued with the previous committee structure. Further volunteers were added to this structure at our AGM in June 23. The new committee members have a focus especially with regards to fundraising and wider promotion of the facility. We have active WhatsApp groups for the trustees, committee and HSM family which has enabled improved communication and ensured timely responses to any issues that may arise. 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.
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”.**_
We continue to collect subscriptions from all participating families and also continue to offer a 'hardship' fund for families that may be struggling financially though this has not been utilized this year.
Our facilities and clubhouse continue to be utilized much to the delight of the local community, committee members and all associated with Horwich St Mary's CIO. It has been a pleasure to welcome back members of the local community who have utilized the Clubhouse for family gatherings, christenings, birthday parties etc.
During the summer, we were delighted and proud to host our first major club tournament, held over 3 days and attracting 96 teams from u7’s to u12’s. The event was a huge success and helped generate welcome revenue from café, bar and vendor sales. We also once more played host to a week long summer soccer school ran by CPS Coaching Academy, again generating income through a percentage of the school’s net profits. As a Club, we are proud that members of the local community and beyond recognize the time, efforts & funds we invest into maintaining the Scholes Bank pitches and facilities to a high standard. 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 utilize 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.
- 1 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **Plans for the future**
We are pleased to report that bookings have continued to be made for the clubhouse and additional community groups to deliver non-football activities such as keep fit, yoga, and private parties. The clubhouse, cafe, pitches, and function room are very much in demand and profitability will increase with upcoming bookings and games being played. For the coming year, we are on course to increase income by increasing player numbers, increasing the use of the clubhouse, bar and cafe and staging a further annual tournament that should generate a minimum of £7,000. Furthermore, we continue to attract new children and new teams to join our growing club. We currently have 21 teams in total - 18 of these are under 18's teams together with 3 adult teams. As a Charter Standard Community Club, we are actively promoting the participation of more females playing the game and now have 2 girls' teams and 1 ladies' team.
The trustees recognise however, 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.
## **Financial review**
Financial performance for the year is summarised on page 5 in the Statement of Financial Activities and the financial position at year end is summarised in the Balance Sheet on page 6. The trustees are satisfied with both.
**Reserves policy:** The charity aims to maintain free reserves sufficient to meet its day to day running costs for a full season, such that in the event of a significant drop in funding it can continue its operations while identifying new sources of funding. Free reserves are unrestricted funds which are neither represented by fixed assets nor designated for specific purposes. At year end, free reserves stood at £73,445, which currently achieve the aim.
**Investment policy:** Funds surplus to immediate requirements are held in bank deposit accounts to generate interest where possible. They are currently spread across two different banks to reduce risk of exposure to any one bank in particular. No investments are made in stocks and shares.
**Risk factors** : 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 them.
## **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: K Patel
R Walmsley D Barry T Dempsey G McLoughlin (Appointed 1 September 2023)
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' report was approved by the Board of Trustees.
## **R Walmsley**
Trustee Dated: 26 June 2024
- 2 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 AUGUST 2023**_
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:
- 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;
- state whether applicable 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 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.
- 3 -
## **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 2023.
## **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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 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: 26 June 2024
- 4 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income**
Donations and legacies
**2**
1,295
-
Charitable activities
**3**
80,706
-
Other trading activities
**4**
30,853
-
Other income
**5**
7,080
-
**Total income**
119,934
-
**Expenditure on:**
Charitable activities
**6**
116,402
15,802
**Net income/(expenditure) for**
**the year/**
**Net movement in funds**
3,532
(15,802)
Fund balances at 1
September 2022
255,414
710,330
**Fund balances at 31**
**August 2023**
258,946
694,528|**Total**
Unrestricted
Restricted
funds
funds
**2023**
2022
2022
**£**
**£**
**£**
1,295
-
-
80,706
82,185
-
30,853
30,293
-
7,080
3,160
-
119,934
115,638
-
132,204
108,362
15,802
(12,270)
7,276
(15,802)
965,744
248,138
726,132
953,474
255,414
710,330|Total
2022
**£**
-
82,185
30,293
3,160
115,638
124,164
(8,526)
974,270
965,744|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **BALANCE SHEET**
## _**AS AT 31 AUGUST 2023**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Stocks
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**16**
Unrestricted funds|**2023**
**£**
500
4,974
71,003
76,477
(3,032)|**£**
880,029
73,445
953,474
694,528
258,946
953,474|**2022**
**£**
500
5,399
65,016
70,915
(4,045)|**£**
898,874
66,870|
|---|---|---|---|---|
|||||965,744|
|||||710,330
255,414|
|||||965,744|
The financial statements were approved by the trustees on 26 June 2024
R Walmsley **Trustee**
- 6 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **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.
- 7 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **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 Stocks**
Any bar and cafe stock held at year end is included at the lower of costs and sales value.
- 8 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand and deposits held at call with banks.
## **1.10 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.
- 9 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2023**_
|**2**|**Donations and legacies**|||
|---|---|---|---|
|||**Unrestricted**|**Total**|
|||**funds**||
|||**2023**|**2022**|
|||**£**|**£**|
||Grants received in the year|1,295|-|
|**3**|**Charitable activities**|||
|||**Unrestricted**|**Total**|
|||**funds**||
|||**2023**|**2022**|
|||**£**|**£**|
||Subscriptions|66,915|65,437|
||Room hire|13,791|16,748|
|||80,706|82,185|
|**4**|**Other trading activities**|||
|||**Unrestricted**|**Total**|
|||**funds**||
|||**2023**|**2022**|
|||**£**|**£**|
||Bar/Cafe income|27,387|29,767|
||Sponsorships and social lotteries|3,466|526|
|||30,853|30,293|
|**5**|**Other income**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2023**|**2022**|
|||**£**|**£**|
||Other fundraising activities|7,080|3,160|
All income the current and the prior year in notes 2 to 5 is unrestricted.
- 10 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **6 Charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**Activities**|**Activities**|
||**2023**|**2022**|
||**£**|**£**|
|Depreciation and impairment|18,845|20,327|
|Repairs and maintenance|21,754|20,060|
|Insurance|1,756|959|
|Kit purchases|5,074|716|
|LFA and league fees|1,933|1,626|
|Miscellaneous expenditure, including bar and cafe purchases|27,889|27,675|
|Pitch costs|18,468|17,964|
|Referees' fees|5,162|5,696|
|Training|16,520|16,186|
|Trophies|2,625|2,148|
|Scholes Bank lease payments|1,650|1,650|
|Scholes Bank utilities|8,302|6,973|
||129,978|121,980|
|Share of governance costs (see note 7)|2,226|2,184|
||132,204|124,164|
|**Analysis by fund**|||
|Unrestricted funds|116,402|108,362|
|Restricted funds|15,802|15,802|
||132,204|124,164|
Included in the expenditure above is approximately £12,600 (2022: £16,500) 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.
## **7 Support costs and governance costs**
|Independent examination|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
-
2,226
-
2,226|**2023**
**£**
2,226
2,226|2022
£
2,184|
|---|---|---|---|
||||2,184|
- 11 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2023**_
|**8**|**Net movement in funds**|**2023**|**2022**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|2,226|2,184|
||Depreciation of owned tangible fixed assets|18,845|20,327|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period.
## **10 Employees**
There were no employees on payroll during the year. £2,014 (2022: £3,333) was spent on running the bar.
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **12 Tangible fixed assets**
|**Clubhouse**
**development**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 September 2022
1,005,995
16,714
At 31 August 2023
1,005,995
16,714
**Depreciation and impairment**
At 1 September 2022
122,187
9,610
Depreciation charged in the year
15,802
1,451
At 31 August 2023
137,989
11,061
**Carrying amount**
At 31 August 2023
868,006
5,653
At 31 August 2022
883,808
7,104|**Plant and**
**machinery**
**£**
14,790
14,790
6,828
1,592
8,420
6,370
7,962|**Total**
**£**
1,037,499|
|---|---|---|
|||1,037,499|
|||138,625
18,845|
|||157,470|
|||880,029|
|||898,874|
- 12 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **13 Debtors**
|**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**Creditors: amounts falling due within one year**
**Notes**
Deferred income
**15**
Accruals
**Deferred income**
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 September 2022
Released from previous periods
Resources deferred in the year
Deferred income at 31 August 2023|**2023**
**£**
-
3,000
1,974
4,974
**2023**
**£**
800
2,232
3,032
**2023**
**£**
800
1,360
(1,360)
800
800|**2022**
**£**
20
3,611
1,768
5,399
**2022**
**£**
1,360
2,685
4,045
**2022**
**£**
1,360
920
(920)
1,360
1,360|
|---|---|---|
## **14 Creditors: amounts falling due within one year**
## **15 Deferred income**
## **16 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**||||
|||**Balance at**|**Resources**|**Balance at**|**Resources**|**Balance at**|
||**1**|**September**|**expended**|**1 September**|**expended**|**31 August**|
|||**2021**||**2022**||**2023**|
|||**£**|**£**|**£**|**£**|**£**|
|Clubhouse/pitch development funding||726,132|(15,802)|710,330|(15,802)|694,528|
- 13 -
## **HORWICH ST MARYS FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **17 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|||**At 1**|**Incoming**|**Resources**|**At 31 August**|
|---|---|---|---|---|---|
|||**September**|**resources**|**expended**|**2023**|
|||**2022**||||
|||**£**|**£**|**£**|**£**|
||General funds|255,414|119,934|(116,402)|258,946|
||**Previous year:**|**At 1**|**Incoming**|**Resources**|**At 31 August**|
|||**September**|**resources**|**expended**|**2022**|
|||**2021**||||
|||**£**|**£**|**£**|**£**|
||General funds|248,138|115,638|(108,362)|255,414|
|**18**|**Analysis of net assets between funds**|||||
||||**Restricted**|
**Unrestricted**|
**Total**|
||||**funds**|**funds**||
||**Current year:**||**2023**|**2023**|**2023**|
||||**£**|**£**|**£**|
||Fund balances at 31 August 2023 are represented|by:||||
||Tangible assets||694,528|185,501|880,029|
||Current assets/(liabilities)||-|73,445|73,445|
||||694,528|258,946|953,474|
||||**Restricted**|
**Unrestricted**|
**Total**|
||||**funds**|**funds**||
||**Previous year:**||**2022**|**2022**|**2022**|
||||**£**|**£**|**£**|
||Fund balances at 31 August 2022 are represented|by:||||
||Tangible assets||710,330|188,544|898,874|
||Current assets/(liabilities)||-|66,870|66,870|
||||710,330|255,414|965,744|
## **19 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
- 14 -