RET OF THE DIRECTORS AND UNAUDITED FINAKLAL sTATENTs FOR THE YEAR ENDED 31 IA4Y 2024 FOR BISHOPS STORTFORD COuNI FO)TBALL CLUB
BISHOPS STORTFORD CONWNif( FOOTBALL CLUB coKrENTS OF THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 IA4Y 2024 P• CoMpY Infom)alon Report ol the Dlre¢tor8 Pfofll Loss Account R8tan&J Ewnlngi Balance She )t85 to the Fln8nclal Stawnenls Chwtsred Accountts, Report Detarled Profft L08s Account
BkSHOPS STORTFOPD COMkiJNrrf FCrf)TBALL CLUB COMPAW INFOWTION FOR THE YEAR ENDED 31 MAY 2024 DIRECTORS.. A T Hazell G K Hegley M Lalor M D war J Wet)b REGISTERED OFFICE: 38 Raynham Roaj Bishops Stortlord Hertlordshire GM23 SPE REGISTERED NUMBEK. 10155123 (EaTr Ws} ACCOUNTANTS., Barrow LLP R& House Dane Street Bishops Siortford Herts CM23 3BT
BHOP8 STORTFORD COPMASNITY FOOTBALL CLUB REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 IA4Y 2024 The directors present Iheir reFxKi with the fin sLgtements ofth& MpanY lor the year end8J 31 May 2024. DIRECTORS The directors shown below have held olh% during the vhKAe ol the perbjd frc¥n 1 June 2023 to the date of Ihis rermyt. A T Hazell G K Hegley M Lalorce M D Warwck J Webb This report has been prepared in %wlh Ihè prNst(Jns ol Part15 01 the Companres Act 2(ffi relating lo srnall compani8S. ON BEHALF OF THE BOARD.. GKHeg1 26 February 2025 Page 2
BISHOPS STORTFORD COMkiiNITh FOOTBALL CLUB PROHT AND LOSS AccouNf AND RETAINED FARNINGS FOR ThE YFAR ENDED 31 MAY 2024 31.5.24 31.5.23 TURNOVER 7.791 228,250 Adminislralive expenses 1269,533) 1247,2981 OPERATtNG PROFITI(LOSS) 28,258 (19,0481 Inlgresl receivable and SImar inGo 47 81 PROFITIILOSS) BEFORE TAKITION 118,967) Tax on profivltossl PROFITIILOSS) FOR THE FINANCIAL YEAR 28,305 118,9671 Retained earnings al beginning of year (1071 18,860 RETAINED EARNINGS AT END OF YEAR 28,198 11071 The notes fomi part of these slatenEnls Pa3e 3
BISHOPS STORTFORD COMMUNrrY FOOTBALL CLUB IREGISTERED NUMBEFi. 10155123) BALANCE SHEET 31 klAY 2024 31.5.24 31.5.23 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank 30,500 100,234 20,126 71,150 130,734 91,276 CREDtTORS Amounts falling due 1th1n one year (20.801 } 16.6541 NET cuRREr ASSErs 109,933 84,622 TOTAL ASSETS LESS CURRENT LIABILITIES 112,927 84,822 1 RESERVES Other reserves Retained earnings 84,729 28,198 84.729 11071 112,927 84,622 The company is enblled lo exempl from 8Jdil under secti 477 01 th8 Compan$ A¢1 2CthS lor the ye endèd 31 May 2024. The rnembers have not required the compay to oblan ajdil of ts statements for the year ei)ded 31 May 2024 in accordance Section 476 of th8 Companies Act 2006. The directors a¢knoedge their reswnsibilities for.. lal ensuring thal Ihe cA)mpY keeps ¥¢ounkng TOrdS comply fjth Seclions 386 ¥Jd 387 01 the Companies Act 2008 dri Ibl preparing financia statements gNe a and far wew of the slate ol affairs of Ihe cr)mpa)y as al th6 end ol eath financial year and ol ils profil or loss fof eath financial year in )rdance 1th the requirements of Sections 394 and 395 and ich olherwse comply wth the reqLurements of the Comp&)tes Aci 2006 relating lo finanaa slatemenls, so lar as applica)19 lo the company. The noles fomi part ofthese financial stalenEnts P¥Je 4
BISHOPS STORTFORD CIJAWNITY F(XJTBALL CLUB (REGISTERED NUMBEK. 10155123) BALINCE SHEEf- contlnu 31 IMY 2024 The financial statements have been prepwed in )rdance *ith the provi&9ns ap1¢able lo companies subject to the small CompleS r8gime. The financial statements re approved by the Board of IrectS aUthl$ed issue on 26 Febru¥y 2025 and were signed on its behalf by. ell Dir G K Hegley- Director M Lalo ce- Direclor M D Wick. Diredor MVJ J Webb- Direclar The notes fom) wt ol these slatenEnts PaJe 5
BISHOPS STORTFORD COKeNy FOOTBALL CLUB NOTES TO ThE FINANCiAL STATEMENTS FOR TrE YEAR EKIED 31 k(4Y 2024 STATUTORY INFORIMMON Blshops Stortford CommunFty Foolbal Club is a piivate cA)my, rgJistered in England aThJ Wales. The company's registered number and registered office add$$ can knnd on Ihe coMY InformatKJn paJe. The presenlalion currency of Ihè finaltial stalemnls is Ihe Pound Steding {£). STATEMENT OF cOmPLNCE These finanrid statements have Èwi PTeped in arAxJrdance vith Financiaf Reporting Standard 102 'The Financial Reporting Standard appl19 in the UK and Repullic ol Irdand" induding the provisK)ns ol Seclion 1A Smal Enlilies and the Companies Act 2006. ACCOUNTING POLICIES Basls ol pr8parlng th8 fin¥clal statements The financial sla18ments have been prewed uThJei Ihe hislorKaf cosl uJn¥ention. Turnover Turnover is measuied at the fw valu8 of the consideration i&eivable, exduding dInts, iebales, vu8 added lax and other sales tue& Tanglble flxed assets tleprecialion is provided al the lolkswng annual lates in or(kn lo 18 off asset ow its estimat&1 useful lifg. Plant and machinery 15% on reduriThJ bJance Flnancial Instruments A finanoa assel ot a financia liability is rwtsed Ihè entity becom8s a paty to the ntr.t(la1 provis#)ns of the instruments. 8asic financial instruments are initially recognised at the tranlKIn pri, unless ihe arrangomenl conslilules, in effect, a financing trSli0n, wthere il is rwnised at th8 PtgwII value of ihe future paymwts discount8d al a market rale ol iiileiesl Iui d biiiiilai debl instrumenl. D&bl inslrumeftts are subsequenlly ffasured at arTKxbsed cost. Other finanaal instruments ar8 inih31ty recognised at faff Vae. unless paymil lor an asset is d8f8rred beyond nomal business Iwms or financed al a rate ol inlefesl that is nol a market rae. in vthith case Ihe asset is me&%ured at the psent value ol the ftjture payThenls discounted 81 a market rae of interest for a similar debt inslrumenl. Financial assets that a measured al cost or amortiS8d cost are ievwd lor obpctive eviden ol imp&rThnl al the end ol each reporting date. 11 theie is objective evidence ol impamnl, irrpa1mI loss is recr>Jnis&J in profft or k)$5 immediately. Any reversals ol impairment are recOgned in profft or ths immediatety, lo the extent that the rrSal does not Tesum in a catryino amouiil ol the finaicia asset Ihal 8x(Mds Ihp. rArrvinn amniinl 4wMild hHvp hppn haA Ihp imn#trmrJDI nol previously been rwnised TaxaNon Taxation for the year mpriseS current defeed lax. Tax 15 recognised in the Pmfil and Loss Account and Retained Eamings, ept lo the extent that rt Telates lo ttems re¢c%Jnised in other comprehenswe income or directly in equity. Current or deferred taxation assels liabilities are Mt discujnled. Current lax is recognised al the arrnI of tax paW using Ihe L3x rates la that have been enacted or subslanlively enacled by ihe balance sheel date. P8
BISHOPS STORTFC¥iD CCWMUNrrY F(KITBALL CLUB NOTES TO THE FINANCIAL STATEMEKfs- contlnu FOR THE YEAR ENDED 31 2024 ACCOUNTING POLICIES- continu Deferred tax Deferred tsx is recognised 41 res1 of all timin9 diffenS Ihal have (l91nated t1 not reversod al the banc@ she&l date. Tinmng differences arise from the indusKJn ol Wicome and expenses in tsx asSessMts in penods different from those in which Ihey are reco9nis8d in fin slenlS. Oelefred lax is measured usm9 tax rates and laws that have been enaded or substanlivety ented by the year end and thal &e expecled lo aptfy lo the reversal ol the timing difference. Unrelieved tax losses other defeed tax assels are TWi5ed lo the exient that il probable thal they wll be covered against the revefsal ol deferred tax liabilit or other hjlure laXe profits. EMPLOYEES AND DIRECT( The average number ol employees during Ihe Ye was NIL {2023. NIL). TANGIBLE FIXED ASSETS Plant and machinery COST Additions 3,522 Al 31 May 2024 3,522 DEPRECIATION Charge lor year 528 Al 31 May 2024 528 NEf BOOK VALUE Al 31 May 2024 2,994 DEB TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.24 31.5.23 Other debtors 30,5fy) 20,126 CREDITORS.. AMOUNTS FALLING DUE WThIN ONEYEAR 31.5.24 31.5.23 Trade Cfedilors Other creditors 15,069 5,732 1,500 5,154 20,801 6,654 P¥7
CHARTERED ACCOUNTAKfs' REPORTTO THE BOARD OF DIRECTORS ON THE UMAUDITED FINANCIAL STATEMENTS OF BISHOPS STORTFORD COMMUNtrY FCK)TBALL CLUB In order lo assist you to luffil your dulie5 under Ihe CompanEs Ad 2(6, have prepared for your approval the finanaal slalemenls of 8ishops Slortford Community Flball Club lor the year ended.31 May 2024 vthich comprise the Profil and Loss Account and Retained Earnings. Batanca She&t and th8 relaled notès Ir¢xn thè companys axounting reQd5 and Irom inlormalion and explanations you have 9iven us. As a practising member firm ol Ihe Inslilule ol Chartered A(untants in England and Wales IICAEW), we are subject lo ils elhic?I and olhef professional requirements vthich arè dètailed wilhin the ICAEWS re9ulaiions and guid&)ce al hllp,IlvNM.iCa8w.¢omlenlm8mktshiplregulations-slandards-(9uJd. This report is made solely lo the Board ol Directors of Bishops Stortford Communty Football Club, as a body. in accordance wlh our terms ol engeMent. Ouf %%ork has tn undertak8n solely io prepare lor youi approval the financial slatenienls ol Bislwps Slortford Community Football Club and stsle Ihose matters that have agreed lo slate lo the Board ol Directors ol Bishops Slortford Community Football Club, as a body. this feport in %¢xJrdce vilh ICAEW Technical Release 07116AAF. To the lullesl exleiil permitted by law. we do not axepl ot assume iesponsibth'ty lo anyone other than Bishop5 Slortfora Community Footba51 blub and ils Board of Oiredots, as a body. lor our )Ik or for Ihis rwrL 11 is your dtsly lo ensure thal Bishops Slortford Conm)unily Foolball Club has kepl equa[e accounling records and lo prepare slalulory financial slalemenls that g1 a Irue and law wew of Ihe assets, lithlities, financial po&lion and profil of Bishops Slortfoid Community Football CILtb. You conwdef that Bishops Slortlord Community Foolbal Club is exempl from the slalulory audit requirement lor the year, We have not ten instrucied to carry an dit or a r8Vi8w of lh8 fir)Lia slaternnts ol Bishops Stortford Community Football Club. Foi thi5 reason, vrd have not Verified thè or o)mpleieness of the awounling iecotds or infomiation and explanations you have 9IV8n to us and V+B do not. IhereloTe, exptess any opinion cfi the siatutory fin081 staiements. Barrow LLP Rae House Dane Street Bishops Slortford Herts CM23 3BT 26 FebNary 2025 This page does rKsI fomi wt ofthe statutY finCla sLements Page 8
BISKIPS STChgTF(IgD CCWMUNfN FOOTBALL CLUB DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2024 31.5.24 31.5.23 Turnovér Player Subscriptions Clubhouse and Pitches Hire Grants and Donatsons Other Incomè 244,684 4,035 39,673 9.399 216,833 2,344 1.269 297,791 228,250 Other Incomo Deposit account interest 47 81 297.838 228,331 EKpendlture Rates diid water Light and heat General Pitch Cost IT and Office AdministralDn Costs Club House and Refurbishnnl Costs General Coach Fees Lin5 and insiirance Administrator Fees Repairs and renewas DBS Checks Househokl and cleaning Training Courses Kits, Footballs and Trophies League Affiliation5 Presenlabon & Tournament Exps Sundry expenses I,Ih50 1.236 110,088 500 1,309 102,429 3,982 14,961 14.220 510 4.350 18,350 1,480 7,070 1,543 590 447 735 5,120 77,906 407 1.175 193 268 33 2,832 3,900 7,164 86,354 395 459 465 52 1,398 4,620 8.449 2,867 Managers Expenses Event Costs Accountancy Subscriptions Professional Fees Entertainment 721 259,879 237,117 37,959 18,786} Flnance costs Llank charges 9.126 10,181 28,833 (18,9671 Depreclatlon Plant and machinery 528 NET PROFITI(LOSS) 28,305 118,967) Th5s pJe tK)t foryn p*i ofthe statuty staterrts P&Je 9