## **`REPORT OF THE DIRECTORS AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`FOR`** ``` BISHOPS STORTFORD COMMUNITY FOOTBALL CLUB ``` ``` BISHOPS STORTFORD COMMUNITY FOOTBALL CLUB ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021`** ||**`Page`**| |---|---| |**`Company Information`**|`1`| |**`Report of the Directors`**|`2`| |**`Profit and Loss Account and Retained Earnings`**|`3`| |**`Balance Sheet`**|`4`| |**`Notes to the Financial Statements`**|`5`| |**`Chartered Accountants' Report`**|`7`| |**`Detailed Profit and Loss Account`**|`8`| ``` BISHOPS STORTFORD COMMUNITY FOOTBALL CLUB ``` ## **`COMPANY INFORMATION FOR THE YEAR ENDED 31 JULY 2021`** ``` DIRECTORS:A T Hazell G K Hegley M Laforce M D Warwick REGISTERED OFFICE:38 Raynham Road Bishops Stortford Hertfordshire CM23 5PE REGISTERED NUMBER:10155123 (England and Wales) ACCOUNTANTS:Barrow LLP Rae House Dane Street Bishops Stortford Herts CM23 3BT ``` ``` Page 1 ``` ``` BISHOPS STORTFORD COMMUNITY FOOTBALL ``` ## **`CLUB`** ## **`REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 JULY 2021`** ``` The directors present their report with the financial statements of the company for the year ended 31 July 2021. ``` ## **`DIRECTORS`** ``` The directors shown below have held office during the whole of the period from 1 August 2020 to the date of this report. ``` ``` A T Hazell G K Hegley M Laforce M D Warwick ``` ## **`STATEMENT OF DIRECTORS' RESPONSIBILITIES`** ``` The directorsare responsiblefor preparingthe Reportof the Directorsand the financialstatementsin accordancewith applicable law and regulations. ``` ``` Companylaw requiresthe directorsto preparefinancialstatementsfor each financialyear.Under that law the directorshave elected topreparethefinancialstatementsinaccordancewithUnitedKingdomGenerallyAcceptedAccountingPractice(United Kingdom AccountingStandardsandapplicablelaw).Undercompanylawthedirectorsmustnotapprovethefinancialstatementsunless they are satisfiedthattheygivea trueand fairviewof the stateof affairsof the companyand of the profitor lossof the companyfor that period. In preparing these financial statements, the directors are required to: ``` - `select suitable accounting policies and then apply them consistently;` - `make judgements and accounting estimates that are reasonable and prudent;` - `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.` ``` Thedirectorsareresponsibleforkeepingadequateaccountingrecordsthataresufficienttoshowandexplainthe company's transactionsand disclosewith reasonableaccuracyat any time the financialpositionof the companyand enablethem to ensure that the financialstatementscomplywith the CompaniesAct 2006. They are also responsiblefor safeguardingthe assetsof the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ``` ``` This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. ``` ## **`ON BEHALF OF THE BOARD:`** ``` G K Hegley - Director ``` ``` 28 April 2022 ``` ``` Page 2 ``` ## **`BISHOPS STORTFORD COMMUNITY FOOTBALL CLUB`** ## **`PROFIT AND LOSS ACCOUNT AND RETAINED EARNINGS FOR THE YEAR ENDED 31 JULY 2021`** |**`TURNOVER`**
`Administrative expenses`
**`OPERATING (LOSS)/PROFIT`**
`Interest receivable and similar income`
**`(LOSS)/PROFIT BEFORE TAXATION`**
`Tax on (loss)/profit`
**`(LOSS)/PROFIT FOR THE FINANCIAL YEAR`**
`Retained earnings at beginning of year`
**`RETAINED EARNINGS AT END OF YEAR`**|`31.7.21`
`£`
`165,648`
`(224,577)`
`(58,929)`
`100`
`(58,829)`
`-`
`(58,829)`
`15,110`
`(43,719)`|`31.7.20`
`£`
`146,084`
`(128,070)`
`18,014`
`156`
`18,170`
`-`
`18,170`
`(3,060)`
`15,110`| |---|---|---| ``` The notes form part of these financial statements ``` ``` Page 3 ``` ## **`BISHOPS STORTFORD COMMUNITY FOOTBALL CLUB (REGISTERED NUMBER: 10155123)`** ## **`BALANCE SHEET 31 JULY 2021`** |`Notes`
**`CURRENT ASSETS`**
`Debtors`
`5`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`6`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`RESERVES`**
`Other reserves`
`Retained earnings`|`31.7.21`
`£`
`2,988`
`102,347`
`105,335`
`(64,325)`
`41,010`
`41,010`
`84,729`
`(43,719)`
`41,010`|`31.7.20`
`£`
`977`
`123,439`
`124,416`
`(24,577)`
`99,839`
`99,839`
`84,729`
`15,110`
`99,839`| |---|---|---| ``` The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31July2021 in accordance with Section 476 of the Companies Act 2006. ``` ``` The directors acknowledge their responsibilities for: ``` - `(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.` ``` Thefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocompaniessubjecttothe small companies regime. ``` ``` Thefinancialstatementswereapprovedby theBoardof Directorsandauthorisedforissueon 28 April2022andweresignedon its behalf by: ``` ``` A T Hazell - Director ``` ``` G K Hegley - Director ``` ``` M Laforce - Director ``` ``` M D Warwick - Director ``` ``` The notes form part of these financial statements ``` ``` Page 4 ``` ``` BISHOPS STORTFORD COMMUNITY FOOTBALL CLUB ``` ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021`** ## `1.` **`STATUTORY INFORMATION`** ``` BishopsStortfordCommunityFootballClubisaprivatecompany,registeredinEnglandandWales.The company's registered number and registered office address can be found on the Company Information page. ``` ``` The presentation currency of the financial statements is the Pound Sterling (£). ``` ## `2.` **`STATEMENT OF COMPLIANCE`** ``` ThesefinancialstatementshavebeenpreparedinaccordancewithFinancialReportingStandard102"The Financial ReportingStandardapplicablein the UK and Republicof Ireland"includingthe provisionsof Section1A "SmallEntities" and the Companies Act 2006. ``` ## `3.` **`ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financial statements have been prepared under the historical cost convention. ``` ## **`Turnover`** ``` Turnoveris measuredat the fair value of the considerationreceivedor receivable,excludingdiscounts,rebates,value added tax and other sales taxes. ``` ## **`Financial instruments`** ``` A financialasset or a financialliabilityis recognisedonly when the entitybecomesa party to the contractualprovisionsof the instruments. ``` ``` Basicfinancialinstrumentsareinitiallyrecognisedatthetransactionprice,unlessthearrangementconstitutes,ineffect, a financingtransaction,whereitisrecognisedatthepresentvalueofthefuturepaymentsdiscountedatamarketrate of interest for a similar debt instrument. ``` ``` Debt instruments are subsequently measured at amortised cost. ``` ``` Otherfinancialinstrumentsareinitiallyrecognisedatfairvalue,unlesspaymentforanassetisdeferredbeyond normal businesstermsor financedat a rateof interestthatis not a marketrate,in whichcase the assetis measuredat the present valueofthefuturepaymentsdiscountedata marketrateofinterestfora similardebtinstrument.Financialassetsthat are measuredatcostoramortisedcostarereviewedforobjectiveevidenceofimpairmentattheendofeachreportingdate. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. ``` ``` Anyreversalsofimpairmentarerecognisedin profitorlossimmediately,totheextentthatthereversaldoesnotresultin a carryingamountofthefinancialassetthatexceedswhatthecarryingamountwouldhavebeenhadtheimpairment not previously been recognised ``` ## **`Taxation`** ``` Taxationfortheyearcomprisescurrentanddeferredtax.TaxisrecognisedintheProfitandLossAccountand Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. ``` ``` Current or deferred taxation assets and liabilities are not discounted. ``` ``` Currenttax is recognisedat the amountof tax payableusingthe tax ratesand laws that have been enactedor substantively enacted by the balance sheet date. ``` ``` Page 5 ``` ``` BISHOPS STORTFORD COMMUNITY FOOTBALL CLUB ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021`** ## `3.` **`ACCOUNTING POLICIES - continued`** ## **`Deferred tax`** ``` Deferredtaxisrecognisedinrespectofalltimingdifferencesthathaveoriginatedbutnotreversedatthebalance sheet date. ``` ``` Timingdifferencesarisefromtheinclusionofincomeandexpensesintaxassessmentsinperiodsdifferentfromthose in whichtheyarerecognisedinfinancialstatements.Deferredtaxismeasuredusingtaxratesandlawsthathave been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. ``` ``` Unrelievedtaxlossesandotherdeferredtaxassetsarerecognisedonlytotheextentthatitisprobablethattheywill be recovered against the reversal of deferred tax liabilities or other future taxable profits. ``` ## `4.` **`EMPLOYEES AND DIRECTORS`** ``` The average number of employees during the year was NIL (2020 - NIL). ``` ## `5.` ## `6.` ## **`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |---|---|---| ||`31.7.21`|`31.7.20`| ||`£`|`£`| |`Other debtors`|`2,988`|`977`| |**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| ||`31.7.21`|`31.7.20`| ||`£`|`£`| |`Trade creditors`|`-`|`23,791`| |`Other creditors`|`64,325`|`786`| ||`64,325`|`24,577`| ``` Page 6 ``` ## **`CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF BISHOPS STORTFORD COMMUNITY FOOTBALL CLUB`** ``` InordertoassistyoutofulfilyourdutiesundertheCompaniesAct2006,wehavepreparedforyourapprovalthe financial statementsofBishopsStortfordCommunityFootballClubfortheyearended31July2021whichcomprisetheProfitand Loss AccountandRetainedEarnings,BalanceSheetandtherelatednotesfromthecompany'saccountingrecordsandfrom information and explanations you have given us. ``` ``` Asa practisingmemberfirmoftheInstituteofCharteredAccountantsinEnglandandWales(ICAEW),wearesubjecttoits ethical andotherprofessionalrequirementswhicharedetailedwithintheICAEW'sregulationsandguidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. ``` ``` This reportis made solelyto the Board of Directorsof BishopsStortfordCommunityFootballClub, as a body, in accordancewith our termsofengagement.Ourworkhasbeenundertakensolelytoprepareforyourapprovalthefinancialstatementsof Bishops StortfordCommunityFootballClubandstatethosemattersthatwehaveagreedtostatetotheBoardofDirectorsof Bishops StortfordCommunityFootballClub,as a body,in thisreportin accordancewithICAEWTechnicalRelease07/16AAF.To the fullest extentpermittedby law, we do not acceptor assumeresponsibilityto anyoneotherthan BishopsStortfordCommunityFootball Club and its Board of Directors, as a body, for our work or for this report. ``` ``` ItisyourdutytoensurethatBishopsStortfordCommunityFootballClubhaskeptadequateaccountingrecordsandto prepare statutoryfinancialstatementsthatgiveatrueandfairviewoftheassets,liabilities,financialpositionandlossofBishops Stortford CommunityFootballClub.YouconsiderthatBishopsStortfordCommunityFootballClubisexemptfromthestatutory audit requirement for the year. ``` ``` WehavenotbeeninstructedtocarryoutanauditorareviewofthefinancialstatementsofBishopsStortfordCommunity Football Club.Forthisreason,we havenot verifiedthe accuracyor completenessof the accountingrecordsor informationand explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. ``` ``` Barrow LLP Rae House Dane Street Bishops Stortford Herts CM23 3BT ``` ``` 28 April 2022 ``` ``` This page does not form part of the statutory financial statements ``` ``` Page 7 ``` ## **`BISHOPS STORTFORD COMMUNITY FOOTBALL CLUB`** ## **`DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 JULY 2021`** |**`Turnover`**
`Player Subscriptions`
`Clubhouse and Pitches Hire`
`Grants and Donations`
**`Other income`**
`Deposit account interest`
**`Expenditure`**
`General Pitch Cost`
`IT and Office Administration`
`Costs`
`Club House and Refurbishment Costs`
`General Coach Fees`
`Licences and insurance`
`Administrator Fees`
`DBS Checks`
`Training Courses`
`Kits, Footballs and Trophies`
`League Affiliations`
`Presentation & Tournament Exps`
`Fines`
`Accountancy`
`Professional Fees`
`Donations`
**`NET (LOSS)/PROFIT`**|`31.7.21`
`£`
`150,668`
`1,792`
`13,188`
`54,501`
`3,023`
`7,337`
`9,910`
`960`
`2,955`
`590`
`1,095`
`139,934`
`1,989`
`-`
`-`
`924`
`1,359`
`-`|`£`
`165,648`
`100`
`165,748`
`224,577`
`(58,829)`|`31.7.20`
`£`
`124,720`
`4,679`
`16,685`
`60,459`
`1,274`
`-`
`12,145`
`1,165`
`4,845`
`430`
`776`
`37,820`
`5,234`
`684`
`258`
`996`
`1,944`
`40`|`£`
`146,084`
`156`| |---|---|---|---|---| |||||`146,240`
`128,070`| |||||`18,170`| ``` This page does not form part of the statutory financial statements ``` ``` Page 8 ```