BLACKHEATH & BROMLEI HARRIERS AC (A Company limital by gugr¥dntee) Compmny registration number: (K)215991 Charity Registration numkr.. 1173422 BLACKHE.4TH & BROMLEY HARRIERS AC (A eornpany limited by guarantee and registered eharity) AL'DITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- DECEMBER 2023
BLACKHEATH & BROlLEy HARRIERS AC (A company limited by guarantee) NTENT Charity Reference and Administrative details Chairnian's R¢p)rt Truste¢5' RetK)rt Auditor's ReN)rt 12 Statement of Financial Activities 15 Bal&n¢¢ Sheet 16 Cashflow Sthtement 17 Notes to the Financial Ststcments 18
BLACKHEATH & BROMLEY HARRIERS AC (A company limited by guaranlee) CHARITY REFERENCE AND AD.MINISTRATIN'E DETAIIS ST FOR YEAR EIYDED 31 DECEMBER 2023 TRUSTEES Alan Pickering, Chair lan Young, Secrelary David Appl¢ton Juli¢ Ash¢r-Smith Chri5 Hilditch - resigned 25, March 20?3 Simon Kerr- resigned 25th March 2023 Paul Patten - rIgned 13th December 2023 H¢lga Pullin- apwinied 25th March 2023 ETIC Shirley - appointed 12th December 2023 Tim Soutar COMPANY REGISTERED NUMBER 00?15991 CHARITY REGISTERED NiIMBER 1173422 REGISTERED OFFICE Nomian Park Community Sports Centre Hay¢s Lane Bromley -BR2 9EG AIIDITOR Az¢ts Audit Services Bulman House Regent Centre Gosforth Newcastle upon Tyn¢ NE3 3LS
BLACKHEATH & BROMLEY HARIUERS AC (A company limited by guarantee) AN, The dawn of the new year in January 2023 was also the dawn of a new era for the Charity With th¢ opening of our new community stx)rts centre at Nornian Park. As well as enhancing the supporting farilitics for th¢ track and field athletes. it now offers a physio suite a GP surgery, a multitude of fltness classes as well as refreshmeni facilities. It has also completed the process of bringing ihe track and field and road and cross county athlet¢s logeih¢r into one c¢ntr¢. During the year on th¢ athl¢lics front th¢ Club was again well repr¢senled at both adult and youth l¢v¢ls in vario5 World. European and National Championships. as w¢ll as English Sch(x)Is and County Compeiitions. Over 800 club members benefii from the wide-ranging athletic activilies available. In addition, by year end. over 300 m¢mb¢r5 of the general publi¢ were participating each w¢¢k in various fitness classes at the new community srtS centre. with many others makin¥ use of the Physio and GP services. The Charity's financ¢s are in a hcalthy tK)Sition with the growth of income from the ncw ommunity facilities. d¢spil¢ high inflation, especially cnergy costs. Lookinb ahead we continue to develop iniliaiives io broad¢n our reach by providing athleti¢ opportunities to students with Special educational needs and disability (SEND) tn conjunction with local schools. This initiativ¢ won the Community Project of the Ycar Amwd at th¢ England Athletics London R¢gion Volunieer Awards. Th¢ Club is also s¢¢king Specia] Olympics ac¢redi18tion. Finally, as always I would like to thank our many volunt¢¢rs as none of the above would be possible without the fanlastic job they do managing teams. coaching, fund raising and administration. Alan Pickering Chaiman
BL.4CKHEATH & BROMLEI. HARRIERS AC (A company limited by guarantee) TRUSTEES, REPORT FOR YEAR ENDED 31sf DECEMBER 2023 The trustees present their annual rep)rt together with the financial statements of Blackheath & Bromley Harriers AC for ih¢ twelv¢ months ending 315t December 2023. The Trustees confirni that the Report and Financial Statements comply with the currenl StatOry requiremcnts. ov rnan Mang onstitution Blackheath & Bromley Harriers AC is a comwiy limited by guarantee which is also registered as a charity under thc manag¢mcnt of a Board of Trust¢¢s. Bla¢kheaih & Bromley Harriers AC (BBHAC) was registered with the UK Charity Commission on 14th June 2017. in The Articles of th¢ Charity stst¢ that th¢re should be a minimum of thr¢e tnleeS and a MlMuM of nine. Trustees are nonnally apwinted for a 3 year period. Trustees are proposed and el¢ci¢d by members eligible to vol¢ ai Ihe Annual General meeting. The Trustees may ¢o-opt. with a majority decision of trustees, additional trustees betw¢¢n Annual General Meetings. ni ct Th¢ busin¢ss of BBHAC is manag¢d by the trwst¢¢s who may ¢x¢r¢is¢ all th¢ p)wers of the Company as laid out in the Articles. iv The Charity's objeclives are for the public ben¢fil generally but with kkn¢ul8r referenc¢ to the inhabitants of South London. Kent. Surrey and ihe surrounding areas". to promote community participation in healthy recreation by providing facilities for sports and physical activities which improve fitness and health, including running and athletics. to advance amateur swrt by promoting nmning and athletics and such other sw)rts. games and physical activities which promote health by involving physical or mental skill or cxertion and to advance th¢ education of th¢ publi¢. in rtiCUlar children and young people, by providing the opportunity and facilities for participation in running and athlets'cs and such other swrts and physical activities which improve fithess and health so to develop their physical. mentsl and spiritual capwities thai they may grow to the full malurity as individuals and members of )cIety that their conditions of life may be improved. Fundraisin diselosures The Charity is required to rert how it deals with fundrdising from the public. The Charity does not use a professional fimdraiser or commercial participator lo raise funds. Any monies raised directly from the public follows all guidelines set out by the Chartty Commission and UK law in every respCt. We respect the privacy and contact preferences of all public donors.
BLACKHEATH & BRONILEY HARIUEILS AC (A company limiled by guarantee) The Trustees confirni they have complied 7th their duty to have due r¢gard to the guidance on public benefii publish¢d by the Charity Commission in ¢x¢rcising their tx)w¢rs and duties. FIYANCIAL UNIMA The completion and opening of the new community SPK)rts centre is reflected in dramats'c growth of new income streams from use of the new facilities. Completing the project is also reflected in the £500k reduction in donations and grants associat with funding the new centre compared to 2022. This was partly offs¢t by income growth in trading and ongoing charitable activities of over £200k. The growth in trading activities together with higher inflation. eSCIallY energy. and Interest rat¢s increased costs by £146L whilsl expenditure on chan'table activities w&s reduced by £15k. Bottom line incom¢ was £13.5k before charging depreciation of £36.6k. The Charity is planning to refinance and extend its bOrrong$ at a lower interest rate in 2024 to repay debentures and replace the track floodlights with improved. energy ¢ffici¢nt one5 in the n¢ar fulure. The atlached accounts provide more de¢atl behind these figures. ET REP The Club ¢nJoyed anotheT successful year in both individual and aM competilion. wilh athl¢l¢s benefitting from access to the additional facilities in the new sw)rts c¢ntr¢. especially the SFK)rts hall and fitness room. Membership has remaincd high and we have been able to cater for more athlet¢s with the establishment of a new Athletics Academy. started in April 2023, offering coaching to youngstCTS at tim¢s wh¢n the track and fjeld facilits'es were otherwise quiet. The summer season was launched with a club invitstion match to mark th¢ opening of our new centre at Nonnan Park. The Norman Park International Challenge built on our visit to J¢rsey in 2022 and involved teams from Ratoath in Ireland, Jersey Spartsn AC and Guernsey AC from the Channel Islands and loca] Clubs Medway & Maidstone and Tonbridge AC. The Club came away comfortable winn¢r5 to c¢l¢bra* our new home. In tenns of individual FKrfonnance. on the international stage. the highlights of the year were undoubtedly th¢ [eCtIon of Dina Asher-smith (loom, 200m and 4x1 OOM relay) and Adam Gemili (4xlOOm relay) for th¢ World Championships and Holli¢ Arnold for the World Para Athletics Championships wher¢ she retained her Javelin title. In the U23 European Chgmpionsbips, Sam Reardon coMted in thc 8(K)m (setting a new Senior Club recordl and 4x400m relay, George Seery in the 4(M)mh. Ethan Brown in the 4x400m relay and Laur¢n Farley in the Javelin. At the UK Athletics Championships we had 24 represenlativcs and the following were medallists.. Dina Asher-smith (Gold. 100m)' Bekah Walion (Gold. jav¢lin)- Ben HaM,kes (Silver. hammer). Lauren Farley (Bronze, ja%'elin)" Zara Obamakinwa (Bronze. discus). and Divine Oladipo (Bronze. shot). In the England Athletia U20123 Championship5. the following WOD medals.. U23 - Lauren Farley (Gold, javelin); George Seery (Gold. 400mh}. Morgan Squibb (Silver, 3000m ¢). Sam Reardon (Silver. 800m). Kelechi Agoucha {Silver. HJ). B¢n Sutton (Bronze. LJ). Shawn
BLACKHEATH & BROMLEY HARRtERS AC (A eotnpany limiled by gugrantee) AmN)fo (Bronze. TJ). and Dillon Claydon (Bronze. discus). U20- Cleo Agyetx)ng (GoliL shot): Zara Obamakinwa (Gold, discus)" Daniel Goriola (Gold I IOmh}" Jonathan Ellerton (Gol 3000m walk); and Faith Akinbileje {Bronze. IIM)m). 29 of the Club's young athletes, representing 6 counts'es (Kent. London. Surrey. Sussex. middleX. and Berkshire). were sel¢cled for the Engligb Schools AA Championships. wilh 19 making the finals in their $CtIve events yielding 6 golds. I silver and 2 bronze medals. In fram ComltI0 pride of place. again. rnu* go to our Juniors who wntinu¢d to impT¢SS on the international stage as well &$ domests'cally. Once more. we represented GB in the European DNA Junior Clubs Cup. Though, in many reSs. dominating over the two days of competition - our athleies secured nine I st places. seven 2nds and a 3rd out of 22 events - the fornal of th¢ ¢v¢nt was ultimalely againsl us.. th¢ slart of ihe final rnix relay is handicapp so as to reward the l¢ading7 teams, with th¢ overall match result solely d¢p¢ndent on the finishing order in this relay. On both days we were unable to field a sutTiciendy strong 800m runner. thus failing on Saturday to make the A Final and then slipping tr) 2 An Sunday's B Final. In th¢ Youlh Development iKague. Upper Ag¢ Group. the Club continued their winning streak of the last several years. Having won all 4 malch¢s dwing th¢ regular sea50n. we went on to tske the till¢ in the Manchester Finals by a substantial margin. Ihus qualifying for the 2024 European DNA evenl in Portugal Among many fine perforniances on the day. pride of place went to new member, Eliza Nicholson. who broke the League UJ 7 30(M)m record and was awarded the Athlete of the Malch Trophy. The Low¢r Age Group team had io work slightly harder both to qualify for the Finals and on th¢ day itself, but successfullv defended their till¢ by an increased margin from the previous In ihe Kenl Young Athlelej l£ague, we were run away winners again but here the focus remains lo ensure that those of our aihlctes. who might not quite be at the standard for the YDL, have access to local comwition that can act as a development pathway towards compeling in Ihe YDL and beyond. We ar¢ undoubtedly the IlIng young athletes, club in the country. In the National Alhletics Leagu& the senior learn finished the season 6th in the Premiership Division of the League, confim]ing its slalus as one of ihe top senior teams in the country. There is little doubt that we have the athletes to enable us to challenge for the title and the inability to field teams which represent this strength continues to be a major concern. The Club also fielded teams in Division l of the Southern Athletics iugue, with the aim of providing competition OPFK)rtunities for all athletes, young and ol<L finishing in the lop half of the tsble. Running such a large number of teams would not be kK)ssible without the loyal suptx)rt of a small anny of volunteers.. not onl). team managers. but also technical officials, without whom there could be no matche5. and coaching staff, without whom we would have few athletes, as well as others who shoulder the not inconsiderable burden of managing the Club and administering its various activities.
BLACKHEATH & BROMLEY HARIUERS AC (A company limited by guarvdntee) Road Rel¥dyS At the Southern Road Relays, we fielded teams in all age groups, securing three top l o finishes in the Ul 5 Boys. U15 Girls. and U17 Women events. The highlighl was a win for the U15 Boys with Joe Scanes sethng the fast¢st time of the day and Joseph Hill 2nd fastesi. The Senior Men failed to qualify for the National Road Relay. but we fielded a total of13 teams across the other age groups. The hiL.hlighi w&5 a greal win for th¢ U15 Boys with Joe Scanes breaking the long-established course r¢cord Joseph Hill also had a great fiShing Ih with the 6 fastest time of the day. In the U13B race Zac Kelman was the 4th fast¢st overall helping the team to i ith place. The girls. teams all finished in the lop ten with th¢ Senior Women 2Th. Cro$$ Country Relayj The Will Bolton Relays opened the se&wn with a g(x)d turnout from thc Club in the Senior Race. Our Women came I Sl and 21 in ih¢ir rac¢. In the Junior race 28 teams finished and our U15 girls won by over a minute. At the National Relays at Mansfield we had teams in all age groups with three in both the U15B and U15G age groups. The U15B did not quite manag¢ to re1 their triumph at the Road Relays, but still managed to secure the Bronze with Joe Scanes setting the fasst time of the day again. The U13B and U15G finisheAI in ihc top ten with the U13G, U15G and U20W all top 20 ftnishers. Th¢ Senior Womens l¢am of Jessica Keene. Chloe Sharp and Morgan Squibb finished in a very creditable 13th plac¢. The Benne¢¢ c.up With the move of the Club to Norni8n Park all home races w¢re run at Nornian Park except for the Club l O Mile Championship. Numbers comting contlnue lo be a concern. Twenty men and one woman COmed for the 5 Mile Championship. We hosted Ranelagh for the annual Mob Match. There was a good-sized fi¢ld of 44 and although we matched Ranelagh's numbers we were lacking in strength at the front and w¢r¢ narrowly beaten 348 to 393 scoring 19 a side. Micah Evans was winner of the Men's Race and 7 1/2 mile Championship. Ashley Pearson won th¢ women's championship. The Club l O Mile Championship. which was run around the Boundary Wood course. attracted 16 Club Members. Tom Desborough ran away from the field to claim the litle. Trangi Nguyen won the Women's Championship. Finally the Club l Ok Veterans Championship and OFn Race was cont¢st¢d by a small fjeld. Luca Ercolani was the firsi Club male runner home and Katie Su8dcn the first woman. Kent Cross Country League Our U13B, U15B. U15G, UI 7W. U20W teams all finished as League Champions. Whilst these results arc whole team efforts. stand oul individual p¢rforniances were Zac Kelman U13B. Joe Hill U15B, Megan Slattery U17W and Carys Firth Ul 7W, who all finished first in Iheir age groups. The Club also won both the malc and female overall Team awards for Young Athles. The Senior Men finished th¢ season 4th team in Ix)th the four and twelve to score comFttilions. The Senior Women won the three to $Te competition with Carol¢ Coulon the overall individual winner. Kent Cross Couniry Chydmpionsbips The Club had a highly successful day at Brdnds Hatch. We had three indl'vidual Champions in Joe Scan¢s (U15B), Hannah Clark {U20W) and Eliza Nicholson (U17W) and 5 team wins in the U15B. U15G, U13G, U13B and the Senior Women.
BLACKHEATH & BROVLEY HARRIERS AC (A compan). limit by guarantee) Kent Vets Cross Country Championship Our Women's V45 Team finished la l¢d home by Carole Coulon in ISI Place. OUT Men's V40 and V50 teams both finished 4 SEAA Championships The Club had two individual Champions in Joe Scanes Ul 5B and Eliza Nicholson U17 W. Joe along with Joe Hill, who finished 3 in the individual race. and Alex Middleton helpd win the team silver. The Senior women's tam finished 4th despite being under strengih. Thanks go io all the leam mangers. e5CiallY Claire and Paul Austridge, for their hard work in getting out such strong teams in the YA age groups and to Simon Harri5 and Micah Evans for th¢ Senior M¢n. Karen Barlow has continud the exc¢llenl ivork of Mick Keene in assembling a very strong Senior Women's squad. Walkln In the under 20 age group. Jonny Ellerton had a highly successful summer. the highlights being l¥l in the English Schi)ols' 5,0(M)m and in the Senior and U20 national walks indoor championship. Jonny's father Matt also had a busy season. His main achievement was 151 in ihe 3,OOUm nalional indoor championships 2023. In the youngcr agc groups. Trejan Ch¢cheku- Boamah {U15) was IAI in the ESAA 3km. Johnson Bowl The Johnson Bowl race dates to before 19(M). This year we opened it to all-comers. and we had entrants from Laughton. Tonbridge. Ilford. and Surrey Walking Club. The Club results were.. l., Jonathan Ellerton and 2rnJ Matt Ellerton. DIVERSITY INCLIISION To improve Equality. Diversity & inclusion {EDI) at the club. (something that was recognised during our Club Mark Accredilation), it was decided that we needed io establish a D&1 Discussion Group to identify where we are with D&1. gaiher ideas and draft a series of actions to ensure thal the club is more diverse and inclusi¢ going forward. Following on from our first event in 2022, a second evenl was organised with Donna Fraser featuring a5 guest speaker (4x 01)'mpian, Head of Diversity & En8a8¢m¢nl at Commonwcalth Games and Dlrector of EDI at Professional Cricketers Association). Ideas emerging from these events are now being put into practice and include the following.. Club Amba8$ador Programme: The Club introduced this programme in 2023, to develop some of our younger members in the skills involved in running the club. The programme allows those hleteS to play a role in communicating with their w and (hopefully) encourage them to remain in the sp)rt. 11 will enable them to gain an insight into how the club is run. They will represent the juntor aihletcs at management level and be the voice of the younger members. In the longer temi preparing them for club 'management roles,. It is also useful for those studyinglinlending io sludy swrt's management eic. The young athletes are mentored by an Executive Committee member and will participate in tasks relevant to the latters role in the club. Street 2 Stadium Aeademy: This prograrnme provides athletic opFx)rtunities to students with disability and sprcial educational needs and was established in 2022. Several of these aihleles have. during 2023. been incorEX)rated into th¢ clubs training groups and have gone on to cornte for the club in
BLACKHEATH & BROMLEY HARRIERS AC (A company limited by guarantee) league competitions. A big thank you to all involved for the hard work and commitment- this was officially recognised when the club was nominated for and won the Community Project of the year at the Ekntondon Voluntccr Awards event in 2023. Special Olympies AtereditatlOD: Based on its experience with th¢ Sireet io Stadium initiative the club is now seeking to further its Equality, Diversity and Inclusivity commilments by becoming an accraited Special Olympics Club. Further inforniation will be provided in the next annual retx)rL as by then we will have seen ihis programme in action. With the opening of the new centre a refresher on safeguarding was given to the centre staff as well as Club coaches etc.Key sthff members also allended first aid courses. An incident report forni was developed and presented to the centre staff. A new safeguarding p)licy, ¢onsistcnt with the Club's. has also been published for the centre. We completed a review to ¢nsuTC all r¢lcvant DBS certifKa*s are up to date and amended the Athletes Code of Conduct to include overnight stays. A small number of minor complaints including derogalory comments from coa¢hes. complaints on unfair team selection. pestering of individual athlefrs by another athlctc w¢re investigated and resolved. UKA imky)sed an interim SUsnsion on a coach who trains some of our athletes but do¢s not coach at the Club. We have contsctcd all thcsc athletes offering them SUp)rt and Coaching asststsnce. Safeguarding is reviewed on an ongoing basis ai the regular meetings of b)th the Executive Committee and the Trustces. The board, who give their time freely and no trustees rtte1v remuneration during the year. other than one trustee, now resign¢d. who received remuneration from working in ihe sports centre. The trustees have considered who constttute the Key Management Personnel {KMP} of the charity. Together with the board these KMP are those in charge 0rdirlIng and conlrolling, ruiining and operattng the activities ofth¢ charity on a day to day basis. Non¢ of the KMP receive remuneration from the charity. The tinan¢ial slalements have been prepared on a going concern basis. The charity meets its day to day working capital reqwrements through cash generated from op¢rations. donations and grant funding. The chanty's fOrets and projections for the next hyelve months show that the charity should be able to continue in operational existence for that perio4 tsking into account Fx)ssible changes in trading rfOrManCe The charity has ncl current liabilities at the y¢ar end as a result of the final construction invoices on the Norn]an Park facility The charity has obtained financing (refer nole 13) on a short tern] basis to help meet ivs obligations. From 2023, the facility is in operation and cash flow forec&sts prepared show thai the chanty should generdtr SUTpluses and cash to meet igs operations going forward. io
BLACKHEATH & BROMLEY HARRIERS AC (A company limited by guarantee) The Charity cam¢s g¢ncraJ unrestnrt¢d res¢rv¢s lo cover its norn]al working capital requirements. It has also estsblished additional unrestricted reserves, on top of the Restricted Capital Developmenl reserves, to cover the future capitsl costs costs e.g new floodlighting The trustees (who are also the directors of Blackheath & Bromley Harriers AC for the purposes of company law) are resp)nsible for prepanng th¢ trust¢¢s' reFK)rt and the financial statements in accordance with the United Kingdom Accouniin8 Standar(Ls (Uni1 Kingdom Generally Accepted Accounting Practi¢¢) and applicable law and regulations. Company law requires the tntst¢¢5 to prqMr¢ financwl statcments for each financial year. Undcr company law th¢ trwstc¢s rn$1 not approve th¢ financial slatements unless they are satisfied that they give a true and fair view of the stste of affairs of the charitable company and of its incoming resources and application of resources. including its income and expenditure. for that period. In pr¢paring these financial slatements. the trustees are required to.. select suitable acc4)unting N)licies and apply them consiSt¢ntiy' observe the methods and principles in the Chan'ties SORP. make judgements and estimates thai are rOnable and prudent; stste whether applicable UK Accounting Standards have been followe4 subJe¢t to any material departures disclosed and explained in the financial staiements. and prepare th¢ financial stslemenls on the going concern basis unless it is inappropriate to presume that th¢ charitabl¢ company will rA)ntinue in business. The trustees are reswnsible for keeping adequate a¢¢ounting records that are sutricient to show and ¢xplain the charitsble company's transactions and disclose with reasonable accuracy at any lime the financial p)sition of the charitable comFMny and enable them to ensure that the financial ststements comply with the Companies Act 21X)6. They are also resFK)nsible for safeguarding the assets of the charitable company and hen¢¢ for taking reasonable steps for the prevention and d¢tection of fraud and other irregularities. Each trustee has taken steps that th¢y ought to have tsken as a trus*e in order to make themselves aware of any r¢l¢vant audit inf0mtIOn and to establish that the charity'5 audilor is aware of that inforntion. The trust¢es confirn) that there is no relevant infornution that th¢y know of and of which they know the auditor is unaw2re. In acwrdance with section 485 of the CompleS Act 2(M)6. a resolution for the re-appointment of Azets Audit Services as auditors of the charity was prop)sed and approved ai ihe Annual General Meeting. This report was approved by the Trustees on 20th August 2024 and signed on their behalf by.. David Appl¢ton- Helga Pullin - Trustee li
BLACKHEATH & BROMLEY HARRIERS AC (A company limited by guarantee) Independent Auditor's Report lo the Members of Blackheath & Bromley Harriers AC Opinion We have audit¢d the financial slatements of Blackheath & Bromley Harriers AC (the 'charitable paT¢nt company,) and its subsidiary (the 'group') for the year ended 31 December 2023 which comprise the Consolidated Staiem¢nt of Financial Activities. Consolidated Balance Sheet. Balan¢¢ Sheet, Consolidated Stat¢m¢nt of Cash Flows. and Notes to the Financial Slatements. including a summary of significant accounting tM)licies. The fancial reFX)rting framework that has been applied in their preparation is United Kingdom A¢¢ounting Standards, comprising Charities SORP- FRS 102 The Financial Rewrting Standard applicable in the UK and Republic of Ireland, and applicable law (Unitrd Kingdom Generally Accepd Accounting Praclice). In our opinion the financial stsments: give a true and fair view of the state of the group's and pwent charity's affairs as at 31 December 2023 and of the group's incoming resources and application of resources. including its incom¢ and exp¢nditur¢ for the y¢ar then ended. have been properly prepared in accordance with United Kin8dom Generally Accepted Accounting Praclic¢' and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducied our audit in accordance with International Standards on Audiling (UK) (ISAS (UK)) and applicable law. Our reskx)nsibililies under those slandards are further described in the auditor responsibilities for the audit of the financial ststements section of our retK)rt. W¢ ar¢ ind¢pendent of the group in accordance with the ethical requirements that are relevanl to our audit of the financial statements in the UK. including the FRC'S Ethical Stsndard. and w¢ have fulfill¢d our other ethical responsibilities in accordance with these requirements. We believe that the audil evidence we have obtsined is sufficient and appropriatr to provide a basis for our opinion. Coneluyiony relating to going concern In auditing the finan¢ial ststem¢nts. w¢ have concluded that the trustees use of the going concern basis of accounling in the preparntion of the financial statements is appropriaie. Bas¢d on the work we have wfornied, we have not identifi¢d any material unc¢rtaintics relating to events or Conditions thal individually or collectt'vely, may cast significant doubt on the gyroup's ability lo continue as a going concem for a riod of ai leasi twelve months from when the financial statements were authorised for issue. Our reswnsibilities and the res)nSibIlitieS orth¢ trusteC5 with respect lo going nCern are described in the relevant sections of this T¢1ft. Other inforniatioD The trust¢¢s are snsIble for the other infonnation. The other infomation compris¢s th¢ inforn]ation included in the annual TeporL other than the financial slatements and our auditor's report thereon. Our opinion on the financial slatements does not cover the other infonnation and. except lo th¢ extent otheThise explicitly stated in our rewrt. we do not ¢xpr¢ss any forn] of assurance conclusion thereon. In connection with our audit of the financial statements. our resnSIbIlity is to read the other inforniatlOD and in doing so. consider whether the other inforn]ation is materially inconsislent wilh the financial statements or ow knowledge obtained in the audit or otherwise appears to b¢ 12
BLACKHEA TH & BROMLEY HARRIERS AC {A company limited by guarantee) materially mtsstsied. If we identify such material iDconsislencies or apparent material misstatements, we are required to detennine whether there is a material misstatement in the financial slalements or a material misstatement of the other infonnation. If, based on the work we have perfomied. we conclude that there is a material misststement of thts other infonnation. we are required to report that fact. We have nothing to rert in this regard. Opinion on other matters prescribed by ihe Companies Act 2( In our opinion. based on the work undertaken in the course of the audit.. the infonnation given in the Trustc¢s' ReFX)rt for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Trustees, Rew>rt have been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In ihe light of our knowledge and understanding of the group and the parent charitable company and ils environment obLqined in the course of the audiL we have nol idenlifid material misslatements in the Trustees, Report. W¢ have nothing to r¢port in r¢sFKd of the following maners where th¢ Companies A¢t 2006 requir¢$ us to r¢w)rt to you if. in our opinion: adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit hav¢ not been received from branches not visited by us: or the parenl charitable company financial statrments are not in agreement with the accounting r¢cords and returns. or certain disclosures of trustees remuneration specified by law are not made. or we hav¢ not received all the inforniation and explanatioL8 we require for our audit. Responjibililies of IruJteeJ As explained more fully in the Statement of Trustees, Responsibilities (set out OD p8g¢ I l ). thc trustees are responsibl¢ for the preparation of the ftnancial statements and for being satisfied that they giv¢ a true and fair view, and for such iniernal control as the trusle¢s d¢tern]ine is necessary to enable the preparation of financwj ststements that are free from material misstatemenL whether due to fraud or error. In preparing the financial ststements. t trustees are reswnsible for assessing the charity's ability to continu¢ as a going concern, th'sclosing. as applicable, mattws related to going concern and using the going concern basis of accounting unless the trustees either intend to liquida1¢ the charity or to cease operations. or have no realistic alternative bul to do so. Auditor responsibilities for tbe audit of the fin8nci81 ststements Our objectives are to obtain reasonable assurance about whether the financial ststements as a whole are free from material misstatemenL whether due lo fraud or error. and t0 Issue an auditor'5 rerK)rt that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUK) will alw7ys detect a material misstatement when it exists. Misstatements can anse from fraud or error and are considered material if. inth'vidually or in the aggregate, they could reasonably b¢ expected to influ¢n¢¢ th¢ wonomic dlSIonS of us¢rs taken on the b&5is of these financial statements. 13
BLACKHEA TH & BROMLEY HARIUERS AC {A company limited by guarantee) Irregularities. including frau arc instanc¢s of non-complianLr with laws and gulatiOnS. We design procedures in line with our re5wnsibiliti¢s. outlin¢d atM)ve. to detect mat¢rial misslatements in respcci of irregularities. .including fraud. The extent to wl]ich our procedures are capable of detecting irregularities, including fraud is detailed below- - Enquiries with manag¢rnent alx)ut any known or sUSpted instances of non-compliance with laws and regulations and fraud. - R¢vicwing board minutes" - Challenging assumptions and judgements made by management in their significant accounting estimaies. and - Audittng the risk of managemcnt overrid¢ of controls. inclalD8 through testing journal entries and other adjustments for appropriateness. Because of the field in which the cli¢nt 0rates, we identified the following areas as those most likely to have a maierial impact on th¢ financial slat¢m¢nts.' Health and Safety. employment laws. and compliance with the UK Companies Act and Charities Act. Owing to the inhereni limitations of an audit. there is an unavoidable risk that some material misstatements in the financial slat¢m¢nts may not be detecfrd even though the audit is properly planned and perfornied in accordance ISAS (UK). For instsnce, the further removed non-compliance is from the event and transaaions reflected in the financial ststement5, the less likely the auditor is lo become aware of it or to recognise the non- omplianc¢. A further description of our r¢SnsIbl111les for the audit of the financial statements 15 located on the Financial R¢FK)rting Council's website at www.fr¢.or8.uklaudilorsreswnsibilities. This description fonns part of our auditorfs re)rt. Use of our report This report is made solely to the charitsble went company's trustees. as a Ix)dy. in accordance with Chapter 3 of Part 16 of the Companies Art 2006. Our audit work has been undertaken so that we might stste to the group's trustees those matters we are required to stale to them in an auditor's report and for no other purFM)s¢. To the fullest extent pennitted by law, we do not accept or assume reswnsibility io anyone other than the chantsble par¢ni company and its trustees as a bod for our audit work. for this rewo or for the opinions we have fomied. Simon Brown BA ACA DChA {Senior Statutory Auditor) For and on behalf of Azets Audit Services Chartered Accountsnts Statutory Audilor Bulman Hous¢ Regent Centre Gosforth Newcastle un Tyne NE3 3LS 14
BLACKHEATH & BROMLEI. HARRIERS AC (A company limiled by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACttVlTIES INCORPORATING INCOME AND EXPENDITURE ACCOiII%T FOR YEAR ENDED 31sf DECEMBER 2023 2023 Unrestrfrted Restrlrted 2022 Notes Total Trading Income Oonations Charltable Activities Fund Raislng Sponsorship & grants 290,294 64.178 36,219 13,516 290,294 64,178 37,059 13,516 4,150 409,197 93,110 157,456 30,243 10,773 423.219 714,801 4,150 4.990 404.207 Tradln8 overheads Expenditure on Charitable Attivities {272,9911 {272,991} {127,0621 1155,2281 (4,122} (159,3501 {174,7771 Net Income l(Expendlture) from activlties before transfers Gross transfers between funds Net Income/ IExpendlture) from actlvltles Reconclllatlon of Fund Total Funds brou8ht forward 124,012) 868 (23,1441 412,962 1,050,238 11,050,238) 1,026,226 (1,049,370) {23.144) 2,800,541 2,138,929 1,074,574 3,213,503 Total Funds carried forward 3,165.155 25,204 3,190,359 3,213,503 Total 2022 2.138.929 1,074,574 3,213.503 The notes on pages 16 to 27 fonn part of these financial statements.
BLACKHEATH & BROMLEY HARRIERS AC (A company limiled by guaranlee) BALANCE SHEET AS AT 31ST DECEMBER 2023 (REGisfRATION NUMBER: 00215991) Charity Consolidated Group Not¢s 2023 2022 2023 2022 io 3,623,021 3,581,324 3,636,101 3,596,496 Bank Stock Sundry Debtors 16,425 691 104.492 121,608 105,628 27,162 691 103,641 131,494 116,919 li 12 8,937 114,565 9,017 125,936 Fallin8 due within l year Credltors Debentures Net current assets 13 (113,994) 1230,¢))O) 1222.3861 1304,721) 1126,4101 1230.(KJO) {224,916) 1317,8191 13 (190.156) 1191,8831 Credltors falllng due after more than I year Debentures 13 1220,8261 (I,iioi 1190,OLI)I 3,21XI,058 {220,826) ii.iioi 1190,0001 3,213,503 13 NET ASSETS Charfty Funds Restrlcted Funds Unrestrltted Funds 3,179,809 3,190,359 14 14 25,204 3,154,605 1,074,574 2,125,484 25,204 3,165,155 1,074,574 2,138,929 TOTAL FUNDS 3,179,809 3,2CKJ,058 3,190,359 3,213,503 The Trustees acknowledge their }nsIbilItIeS for cornplying with the requirem¢nts of the Companies Act 2006 with r¢srt to accounting records and the prepor8tion of financial slatements. The financial statements were approved and authorised for issue by the Tntee$ on 20th August 2024 and signed on their behalf by.. H¢lga Pullin - Trustee David Apple st¢¢ 16
BLACKHEATH & BROIILEY HARRIERS AC (A company limited by guarantee) Consolldated Statement of Cash Flows for the Year Ended 31 December 2023. 2023 2022 Cash flows frnm operating activities Net cash income {23,144) 412,962 Adjustments to cgsh floTrB from non-cash items Depreciation Investment income Adjustments for non cash items Working capital adjustments (IncreaseYdecr5e in slocks (Incre&8eydecre&8¢ in debtors (Decrease)linCrc in crcditoTS Increas&l(decrease) in deferred income cash flows from operoiin8 activities Cash Ilows from investing 8ctivitieJ Sale of tangiible fixed assets Purchase of tangibl¢ fix¢d &ssets Issue of Debentures Bank Loan.. Advances less repayments Nd c&8h flows from investing activities Net Idecreaseyincrease in cash and cash equivalents Cash and cash equivalents at l January Cash and cash equivalents at 31 December io 36.579 2.093 36.579 2,093 (691) (94.624) (198.310) (9.885) (290,075} 5.433 (8.157) 89.388 (7.731) 493.988 12 13 io (76,183) (3.256.399} 40.000 190,000 236,501 200.318 (3.066.399) (89,757) (2,572,411) 16.919 27.162 2,689,330 116.919 All of the cash flows are derived from conlinuing owations duTing th¢ above two p¢ri(NJs. 17
BLACKHEATH & BRONILEI. HARRIERS AC (A company limited by guarantee) I. SUMMARY OF SIGNIFICAKf ACCOUNTING POUCIES 1.1 Genernl informition and bayij of preparation Blackheath & Broml¢y Harriers AC I (BBHAC) s a company limited by guarantee and is registered with the Charity Commission (Charity R¢gist¢r¢d Number 1173422) and Registrar of Companies (Company Registration Number 00215991) in England and Wales. In the event of ihe Charity being wound up. the liability in respeci of the guaranlee is limited lo £ I per member of the Charity. The address of the registered office is given in the Charity infomation on page l of these financial ststements. The nature of the Charity's operations and principal activities are detailed in the Tntstees Rert. The Chartty constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and ReKK)rting by Charities.. Staiement of Recommended Practice applicable to charilies preparing their accowits in accordance with ihe Financial Rep)rting Standard applicable in the UK and R¢public of Ireland IFRS 102) (effective l January 20191- (Chariiies SORP (FRS 102)). th¢ Fin&ncia] Reportinby Standard applicable in the United Kin&.dom and R¢publi¢ of Ir¢land (FRS 10?), the Charities Act 201 l and the CoMnieS Aci 2006. The financial statements are prepared on a going Concern b&sis under the historical cost convention. The financial stat¢menls are presenled in sterling which is the functs'ot]al currency of BBHAC and rounded to the nearest w)und. In January 2023 ihe Charity commenced operation of ils new cornmunity STX)rts centre at Nomian Park. This generated new income streams from various fitsiess classes and rental income from a physio suite and caféA)ar. The significant accounting wlicies applied in the preparation of these financial statements are set out below. These policies have been consistenily applied to all years presented unless oth¢rwise stated. 1.2 Funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the gener objectives of the Charity and w.¢h hav¢ not been designated for other purposes. R¢stri¢ted funds are funds which are to be used in accordance wilh s]riC restriclions imposed by donors or which have been raised by the Charity for particular purposes. The cost of ralsing and administenng such funds are charged against the specific fund. The aim and Use of each restricted fund is set out in the notes to the financial stst¢m¢nts. 18
BLACKHEATH & BROIILEY HARRIERS AC (A company limited by guarantee) IJ Income recognitlOD All incoming resources are included in the Ststemenl of Financtal Activits'es (SOFA) when the Charity is legally enti11 to th¢ income after any trfOTmance conditions have been met. the amount Can be measured reliably. and it is probable that the income will be received. For donations to be recognised the Charity will have been notified of the amounts and the settlemeni dale in writing. If theTe are condilions attached io th¢ donation and this r4uire5 a level of perforn]ance before entitlement can be obtained then income is deferred unlil those conditions ar¢ fully met or the fulfilment of those conth'tions 15 within the control of the Charity and it is pmbable that they will be fulfilled. Investment income is earned through holding assets for investment purposes such as shares and property. li includes dividends. in*rest and rent. Wh¢r¢ il is not pra¢ticable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is rerted n¢t of these costs. It is includ¢d wh¢n the amount be measured reliably. Interest income is recognised using the effectt've interest method and dividend and rent income is reCogniS as the Charity's right io receiv¢ payment is established. Interest on funds held on dep)sit is included when receivable and the amount can be measured reliably by the Charity. this Is nonnally utK)n notification of the Interest pwd or payable by the Bank. 1.4 Expenditure reeognition All ¢xpenditure is aOunt¢d for on an rualS knis and has been classified under headings that aggregate all costs related to the cal¢gory. Exp¢ndilurc is recognis¢d where there is a legal or constructive obligation io make Yments to third prties, It is probable that the settlement will be required and the amount of the obligation can be me&5urcd rcliably. 1.5 Charitable activities Income from contracts and supply of servi¢e5 is recognised with the delivery of the ontract¢d Service. This ts classified &8 unrestricted funds unless there is a contractual rcquir¢mcni for it to be sp¢nt on a particular purw)s¢ and returned if unsFnt. in which case it maybe regarded as restricted. 1.6 Raising funds These are costs incurred in attracting voluntary incorne and th05¢ incurred in trading activities thal raise funds. 1.7 Tangible flxed assets and depreei8th?n Tangible fixed assets are ststed al cost (or deerned cost) or valuation less accumulated depreciation and accumulated IMPrnient losses Cost includes costs dir¢¢tty attributable to making th¢ assd Cable of OFrrating as int¢nd¢d. 19
BLACKHEATH & BROVLEI. IL4RIUERS AC {A compatty limited by guarantee) Depreciation will be provided on land & buildings once op¢rabl¢ and consistent with th¢ le&se period of125 year5 (lease finishes 2146). Equipment 15 depreciated over the useful life of the asset. 1.8 Investments The Charity currently has no investm¢nts in equities. either listed OT unlisted. 1.9 Debtorg and creditors receivable I payable within one year Debtors are recognised when the Charity is legally entitled io the incom¢ after any perforniance conditions have been met. the amount can be measured reliably and it is probabl¢ that the income will be received. Creditors are recognised when the Charity has a present legal or constructive obligaiion resulting from a past event and the settlement is expected to result in an outflow of economic benefits. 1.10 Tax The Charity 15 an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and Iherefore it meels the definilion of a chantsble company for UK corp)ration t&x purposes. It Ih¢r¢fore does not suffer tax on incom¢ or gains applied for chantsbl¢ purFK)ses. NPTM pays tax on any trading profits, which in the current year are offset by broughi forward losses. 1.1 l Going concern The financial stat¢ments have been prepfired on a gotng concem basis as th¢ TnLSt¢¢s believe that no mal¢rial uncertainties exist. The Trustees have considered the level of funds held and the exrIed l¢v¢l of income and expenditure for next 12 months. taking account of ihe Charity's ongoing operations. in authorising these financial staiements. The budget¢d incom¢ and eXndItUre is sulTici¢nt with the level of reserves for the Charity to be able to ¢ontinu¢ as a gyoing concern. Plans lo refinance the debentures maturing in December 2024 are well advanced. 1.12 Stoek Stock is valued ai lower of cost or net realisable value. 1.13 Debentures and Bank IA)ans Bastc financial liabilities. including creditors, bank loans and debentures are initially recognised at transaction pricc unl¢ss the arrangement constitutes a financing transaction. where the debt instnun¢nt is rnUred ai present value of the future payments diounted at a market rate of int¢r¢st. Financial liabilities classified &$ payable in one y¢ar are not amonised. Debt instruments are sub5equenily carried at amortised cost. using the eff¢ctiv¢ interest rate method. Accounts payable are classified as current liabilittes if yrnent is due within one ycar or less. if not they are presented as non-current liabilities. Debt instruments ihat do not meet th¢ conditions of FRS 102 paragraph 11.9 are subsequently me&sured at fair i'alue through Profit or Ioss. Debt instruments may be designated as being 20
BLACKHEA TH & BROMLETr' HARRIEILS .4C (A company limited by guaranlee) m¢asur¢d at fair valu¢ through profit or loss to eliminate or reduce an accounting mismatch or if the instnunents are measured and their perforniance evaluated on a fair value basis in accordance 7th dUrnented risk management or investrnent strategy. 2. Tr74ding income and expenses This income and expense derives from Nonnan Park Trnck Management Ltd's jncorne frorn use of the athldics track at Norman Park and the ass(Kiated costs of OTating the track. 3. Income from donatlons The Chanty received donations from both members and third parties. Whilst some of these were unrestricte(L many donations were specifically SUPFK)rt ihe development of the new community swrts facility and clubhouse at Nornian Park. 2023 Unrestrl¢ted Restrlrted 2022 Total Totsl Oonations 64,178 64,178 157,456 2022 total 77,976 79,460 157,456 4. Analysls of Incom• from Charftable Actlvltl•s 2023 Rertrfrted e of Income: 2022 Total Unrestrf¢ted Tot¥1 INCOME Subscriptions Club Events Other Income 29.939 5,827 453 36,219 29.939 6.667 453 37,059 27,850 1,187 1,206 30,243 Total 2022 30,129 114 30.243 5. Anatysls of Income from Fund Ralsln 2023 2022 Unrestrlrted Restrlcted Totsl Total Lottery Syndicate Bonus Ball draw 300 Club Other fund raisin8 Total 900 1,242 5.000 6.374 13,516 1,520 826 8.000 427 10,773 1,242 6.374 13,516 Total 2022 10,773 10,773 21
BLACKHEATH & BROMLEI. IIARIUERS AC (A company limited by guarantee) 6. Sponsor5hlps & Grants: There was no sponsorsftllp income during the year12022 £Nil). Granl income compnses of grants frorn the Jack Petchey Foundation (£3,700) and England Athleiics (£450) (2022 £423. 219). 7. Ejtpendlture on Charltable Artlvltles- Dlre¢t Costs All the ex nditure w&$ in fulfilmeni of the com 's charitable objethves. 2023 2022 Unrestrlrted Restrlrted Total Totsl Afflllatlon Fees Awards EqulpmenVKIt Coaching ActSve Athletlcs Total 970 256 9,971 1,350 49.744 62,291 970 256 9,971 1,350 49.744 62,291 2,330 191 963 765 43.286 47,535 Total 2022 47,535 8. Expendlture on Charltable Artlvltles- Support Costs Support cosis in fulfilment of ihe company's charitsbl¢ obje¢live& including £7.965 (2022 audit fe¢ r¢latin to overnancc costs. 2023 Unrestrfrted Restrfcted 2022 Total Total Rent, Rates & Insurance Postage & Telephone IT Costs Development costs Professlonal Fees Bank Charges & Interest Depreciation Other costs Total 9,747 9,747 80 4.123 1,375 207 1,451 105,451 7,892 4,871 2,093 3.902 127 242 4,123 25,117 19,370 34,486 14 92,937 25.117 19,370 34.486 4,136 Total 2022 17,097 110 145 127 242 9. Net Incominwoutgoing resources 2023 2022 Net incoming resources for the year include: Audil fees Depreciation, amortisation and other similar costs 7,965 7,375 Trustees rem uneration and expenses One trustee ,who resigned in March 2023. r¢ceivcd muneratiOn as an employee of the Charity's subsidiary. Nornian Park Tk Management Ltd. No other ttees, nor any p¢rsons connected with them. received any r¢muneration from the charity during the year. 22
BLACKHEATH & BROIILEY HARRIERS AC (A company limited by guarantee) During the year no trusttts hav¢ received any reimbursed expenses in their rol¢ &s trust¢¢s. although some received reimbursements for expenses mcurred in other roles e.g.team management. Staff Costs during the yeAr". The aggr¢gal¢ payroll costs were as follows and relale lo the subsith'ary, Norn]an Park Twk Management: 2023 2022 Wages and salaries Social security Costs Pension costs 152,797 4.986 72,254 1.469 159902 The monihly average number of rSOnS employed by the group during the Y was as follows.. Management Administrative and Operational Operational part-time employees 2023 2022 10 12 No ¢mploy¢¢ rer¢iv¢d emoluments of more than £60.000 durin8 th¢ year. There was no remuneralion or Ftnsion cost for the charity truste¢s and other otTic¢rs. 10. T•nglble Flxed A••ets Charlty Group A. L•nd Jnd Bulldlng8 Cost as at 1st January 2023 Addltlons As at 31st December 2023 3,525,617 3,525,617 3,553,347 3,553,347 Depreclatlon as at 1st January 2023 Charge for the year As at 31st December 2023 28,889 28,889 Net Book value at 31st December 2023 Net Book value at 31st December 2022 3,524.458 3,525,617 3,524,458 3,525,617 . Flxtures & Flttlngs Cost as at 1st January 2023 Addltlons As at 31st December 2023 55,707 55,707 104,160 104,160 Depreciation as at 1st January 2023 Charge for the year As at 31st December 2023 5,597 5,597 Net Book value at 31st December 2023 Net Book value at 31st December 2022 98,563 55,707 98,563 55,707 23
BLACKHEATH & BROMLE). IL4RIUERS AC (A company limited by guarantee) C. Plant & Equlpment Cost as at 1st January 2023 Addltlons As at 31st December 2023 26,427 26,427 Depreclation as at 1st January 2023 Charge for the year As at 31st December 2023 11,255 13,347 Net Book value at 31st December 2023 Net Book value at 31st December 2022 13,080 15,172 Total Flxed Assets.. Net Book Value at 31" December 2023 Net Book value at 31st December 2022 3,623,021 3,581,324 3,636,101 3,596,496 11. Stoek Sts)ck consists of club kit for sale to members. 12. Sundry Debtorj Group: Debtors at end 2023 were trade debiors of £1.355 at NPTM Ltd. prepd group insurance of £8909 and net VAT re¢eivable from HMRC of £93.377. Al end 2022 prepaid insurnnce was £8937 in the Charity wilh one debtor for £80 at NPTM Ltd. 13. Creditors Falling due within l year: Group 2023 2022 Trade Creditors Pension Prepaid Subs & Donations England Athletics Accruals Taxes & VAT Charity Bank Loan Inlerest Free Debentures 6.982 196,843 418 539 2.131 12,016 893 2.209 99.200 105.442 770 16,786 230 000 356.410 317.819 Fallln8 due after more than a year: Interesi free debentures reVable at on 1st January 2027 Interest free debentures repayable December 2023 Charity Bank 10 year loan 1.110 i.iio 190.0(X) 219716 220.826 191,110 24
BL4CKHEATH & BROMLEY HARRIERS AC (A company limited by guarantee) Charity 2023 Falling due within l year. 2022 Trade Creditors Prepaid Subs England Athletics Accruals Charity Bank Loan Interest Free Debenlures repayable at par on 30 November 2024 191.054 12.016 2.209 99,442 2.131 893 94.184 16.786 230,WO 343.994 304.721 Falllng due Jfter more than a year. Interest tree debentures repayable at par on I st January 2027 Interest free debentures repayable at par on 30th November 2024 Charity Bank 10 ycar loan 190,(X)O 219,716 220.826 191.110 2023 2022 Group Deferred income at l January ReUrCeS deferred in the peri(xl Amounts released from previous peri(MJs tkferred income at year end 12,016 2,131 19,747 12,016 2023 2022 C.h8rity Def¢rr¢d income at l January Resources deferred in the period Amounts released from previous periods Deferred income at year ¢nd 12,016 2,131 9,468 12,016 9.468 25
BLACKHEA TH & BROMLEY EL4RIUERS AC (A company limited by guarantee) 14. Statement of Funds- Current Year GROL'P IEipe•dlthre Expatl TrAvskr •f Fwid 3IIIY2O23 Fuf4D Unrestricted Fund$ Restrirted Funds Capital Dev¢lo ment Fund Wooderson Race Fund Will Bolton Memorial Youn Athletes Jack Petche ' wards Athletes Su Presidents Fund Oiher Total Restricted 2.138.929 404307 1428.219) 1,050238 3,165,155 1.050.238 (1.050.238) 3.215 3.215 10.548 1.682 5.286 1.243 2.362 840 11.388 1,625 6,614 (57) 12372) {1.243) 3,7C(I 2.362 450 (450) (4.122) 1,074J74 (1.051J238 25304 TotAI 3313,503 409.197 1432J41) 3,190J59 CHARITY lr•ty IExpo•dllw Trwkr •f liim2J 311121202J FUTr4D Ilnrestricted Funds Restrieted Funds Capital Develo menl Fund Wooderson Race Fund Will Bolion Memorial Youn Athletes Jack Petche Awards Athletes Su Presidenis Fund Total Restricted 2,125.484 182.113 1203J30 1.050,238 3,IS4,605 1.050.238 (1.050.238) 3.215 3.215 10.548 1.682 5.280 1.243 2.362 11.388 1,625 6.614 {57) (2372) (1.243) 3.7 2,362 450 {450) (4.122} 1.074.574 (1.0511.238) Tolal 3200.1)$8 187,103 (207J52 3.179.809 Capital Development Fund 'aS established to provid¢ funds towards the construction of the new community SFK)rts centre in Nomian Park. now complded and paid so balance is transferred ti unrerstriCt Fund Wooderyon Race Fund is to provide Prize money for an annual race in commemoration of S)'dney Wooder50n. The race w not held in 2023.. Will Bolton .Memorig1 Fund is to supFK)rt stKcific athletic initiatives as det¢miined by a committee of trustees Young Athletes FuDd provides support to young athletes in cascs of hardship. 26
BLACKHEATH & BRONILEY HARRIERS AC {A company limited by guarantee) Jack Petchey Awards: This fund r¢pr¢s¢nts the unspent awards from th¢ Jack Petchey Foundation. The awards are made to young athletes who deternline how it is to be spent for the benefit of the club. Athletes, Support is to supwrt hardship cases e g. for membership subscriptions. Presidents Fund is available for th¢ incumbent priden1 to spend to Prog$$ any specific initiatives he suptK)rts consistent with th¢ chanty's ObJv¢S. 15. Analysis of net Assets between fundj Total funds at Unrestrkted Restrlrted 31 December funds 2023 Group Tangible fixed assets Current assets Current liabllities Long term liabilities 3,610,897 131.494 (356.410) (220,826) 3,165,155 25,204 25.204 3,636,101 131,494 1356,410) (220,826) 3,190,359 Total net assets Totalfunds at Restrkted 31 December funds 2022 Unrestrkted Tangible fixed assets Current asset5 Current liabilities Long term liabllities 2,521,922 125,936 1317,819) 1191,110> 2,138,929 1,074,574 3,596,496 125,936 {317,8191 1191,1101 3,213,503 Total net assets 1,074,574 Charlty Totalfundsat Restrlcted 31 December funds 2023 Unrestrfrted Tanglble fixed a55ets Current assets Current liabilities Lon8 term liabilitles 3,597,817 121,608 {343.994) {220.826) 3,154,605 25.204 3,623.021 121,608 1343,9941 {220,826) 3,179,809 Total net assets 25,204 27
BLACKHEATH & BROMLEY HARIUERS AC (A company limited by guaranlee) Totalfunds at 31 December Unrestrfrted Restrlrted 2022 Tangible fixed assets Current asset5 Current Ilabilities Lon8 term liabilities Total net assets 2.506,750 114,565 1304,7211 1191,1101 2,125,484 1,074,574 3,581,324 114,565 {304,7211 1191,1101 3,200.058 1,074,574 16. Analysls of net funds Group At31 December 2023 At l January 2023 Flnanclng cash flows Cash at bank and in hand 116.919 189,757} 27,162 Repayable in less than l year Repayable In more than I year (230,(MX)1 {230,OCM)) 11,iioi 1191.1101 Repayable in less than l year Repayable in more than l year Net funds / (Liabllitlesl 116,7861 116,7861 (219,7161 {219,716} 1366,259) 1440.4501 {74,1911 At31 December 2022 At l January 2022 Flnancln8 cash flows Cash at bank and In hand 2,689,330 (2,572,411) 116,919 Debentures Repayable in more than I year {I,iioi 1190.CKX)I 1191,1101 Net funds 2.688.220 12.762.411) 174,191} 28
BLACKHEATH & BRONILEY HARRIERS AC (A company limited by guarantee) 17 Related Party Transartlons Related party transactions during the year consisted of management fees of £48.0(K) paid to the group subsidiary Norman Park Track Management Ltd. with whom there w&$ a debtor balance of £1.454 at the end of the year. 18. Capltal Cornmltments None 29