| PAGE | |||||
|---|---|---|---|---|---|
| Trustees' annual report |
|||||
| Independent | examiner's | report to the trustees | |||
| Consolidated | statement | offinancial | activities (including | income and | |
| expenditure | account) | ||||
| Consolidated | statement | offinancial | position | ||
| Notes to the | consolidated | financial | statements | 12 |
| Registered | charity | name | The Horsfall Community |
The Horsfall Community |
Trust |
|---|---|---|---|---|---|
| Charity registration | number | 1179447 | |||
| Principal office | Horsfall Community |
Stadium | |||
| Cemetery Road |
|||||
| Bradford | |||||
| BD62NG | |||||
| The Trustees | Ms S L Worsley | ||||
| Mr PArmitage | |||||
| Mr A Hurst | |||||
| Mr RClunas | |||||
| Mr G Roberts | |||||
| Independent | Examiner | EA Short BFPFCA | |||
| Equitable House |
|||||
| 55 Pelion Lane | |||||
| Halifax | |||||
| West Yorkshire | |||||
| HX1 5SP |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| Note | ||||||
| Income and endowments | ||||||
| Donations and legacies |
4 | 166 | 166 | 9,807 | ||
| Charitable activities |
5 | 274,449 | 32,258 | 306,707 | 249,381 | |
| Other trading activities | 6 | 8,732 | 8,732 | 8,150 | ||
| Investment income |
7 | 24 | 24 | |||
| Total income | 283,371 | 32,258 | 315,629 | 267,338 | ||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 8,9 | 273,470 | 34,774 | 308,244 | 272,453 |
| Total expenditure | 273,470 | 34,774 | 308,244 | 272,453 | ||
| Net income/(expenditure) | 9,901 | (2,516) | 7,385 | (5,115) | ||
| Transfers between funds |
(1,513) | 1,513 | ||||
| Net movement in funds |
8,388 | (1,003) | 7,385 | (5,115) | ||
| Reconciliation offunds | ||||||
| Total funds brought forward |
(10,667) | 5,221 | (5,446) | (2,360) | ||
| Total funds carried forward | (2,279) | 4,218 | 1,939 | (7,475) |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | ||||||||
| FIXED'ASSETS | ||||||||
| Tangible fiked assets | 16 | 4,310 | 5,905 | |||||
| CURRENT ASSETS | ||||||||
| Stocks Debtors Cash at bank and in hand |
18 19 |
4,736 18,718 29,874 |
3,350 13,458 25,591 |
|||||
| 53,328 | 42,399 | |||||||
| CREDITORSi amounts | falling due | |||||||
| within one year | 20 | 55,699 | 53,750 | |||||
| NET CURRENT LIABILITIES | 2,371 | l1,351 | ||||||
| TOTAL ASSETSLESS | CURRENT | |||||||
| LIABILITIES | 1,939 | (5,446) | ||||||
| NKT ASSETS | 1,939 | (5,446) | ||||||
| FUNDS OFTHE CHARITY | ||||||||
| Restricted funds Unrestricted funds |
4,218 (2,279) |
5,221 (10,667) |
||||||
| Total charity funds | 1,939 | (5,446) |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| FIXEDASSETS | |||||||
| Investments | 17 | ||||||
| CURRENT ASSETS | |||||||
| Debtors | 19 | 7,692 | 305 | ||||
| Cash at bank and in hand | 15,443 | 16,247 | |||||
| 23,135 | 16,552 | ||||||
| CREDITORS: amounts | falling due | ||||||
| within one year | 20 | 4,150 | 1,845 | ||||
| NET CURRENT LIABILITIES | 18,985 | 14,707 | |||||
| TOTAL ASSETSLESS | CURRENT | ||||||
| LIABILITIES | 18,986 | 14,708 | |||||
| NET ASSETS | 18,986 | 14,708 | |||||
| FUNDS OF THE CHARITY | |||||||
| Restricted funds | 4,218 | 5,221 | |||||
| Unrestricted funds |
14,768 | 9,487 | |||||
| Total charity funds | 23 | 18,986 | 14,708 |
| DONATIONS | AND LEGACIES | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| DONATIONS | |||||
| Donations | 166 | 166 | 1,901 | 1,901 | |
| GRANTS | |||||
| Government | grant income | 7,906 | 7,906 | ||
| 166 | 166 | 9,807 | 9,807 | ||
| CHARITABLE ACTIVITIES | |||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| Stadium 3Gpitch rental | 123,824 | 123,824 | |||
| Food and beverage sales | 138,807 | 138,807 | |||
| Stadium and |
event hire | 7,978 | 7,978 | ||
| Charitable income |
32,258 | 32,258 | |||
| Other income | 3,840 | 3,840 | |||
| 274,449 | 32,258 | 306,707 |
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| Stadium | 3G pitch | rental | 116,590 | 116,590 | |
| Food and | beverage | sales | 90,026 | 90,026 | |
| Stadium | and event | hire | 467 | 467 | |
| Charitable income |
22,960 | 22,960 | |||
| Other income | 19,338 | 19,338 | |||
| 226,421 | 22,960 | 249,381 |
| OTHER | TRADING ACTI | VITIES | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||
| Funds | 2022 | Funds | 2021 | ||||
| Income | generation | 8,732 | 8,732 | 8,150 | 8,150 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||
|---|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |||||
| Bank | interest | receivable | 24 | 24 |
| EXPEND | ITURE | ON CHARITABLE | ACTIVITIES BYFUND | TYPE | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| NLT | 11,868 | 11,868 | |||
| Bar and stadium | 132,033 | 132,033 | |||
| Bradford | Council | 15,630 | 15,630 | ||
| Christmas | Holiday | Fund 2022 | 3,200 | 3,200 | |
| Support costs | 141,437 | 4,076 | 145,513 | ||
| 273,470 | 34,774 | 308,244 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| NLT | 8,172 | 8,172 | |||
| Bar and stadium | 104,024 | 104,024 | |||
| Bradford | Council | 10,590 | 10,590 | ||
| Christmas | Holiday | Fund 2022 | |||
| Support costs | 145,469 | 4,198 | 149,667 | ||
| 249,493 | 22,960 | 272,453 |
| EXPENDI | TURE ON CHARITA | BLE ACTIVITIE | S BYACTI | VITY TYPE | |
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2022 | 2021 | ||
| NLT | 11,868 | 11,868 | 9,653 | ||
| Bar and stadium | 132,033 | 135,458 | 267,491 | 232,720 | |
| Bradford Council | 15,630 | 15,630 | 12,016 | ||
| Christmas | Holiday Fund 2022 | 3,200 | 3,200 | ||
| Governance | costs | 10,055 | 10,055 | 18,064 | |
| 162,731 | 145,513 | 308,244 | 272,453 |
| 10. | ANALYSIS | OF | SUPPO | RT C | OSTS | |||
|---|---|---|---|---|---|---|---|---|
| Total 2022 | Total 2021 | |||||||
| Staffcosts | 20,371 | 29,223 | ||||||
| Premises | 35,511 | 29,868 | ||||||
| Communications | and IT | 7,004 | 2,855 | |||||
| General office | 2,163 | 3,948 | ||||||
| Repairs and maintenance | 36,966 | 29,502 | ||||||
| Insurance | 9,592 | 7,276 | ||||||
| Depreciation/profit | on disposal | 518 | 772 | |||||
| Bank charges | 1,446 | 2,581 | ||||||
| Printing, postage, |
and stationery | 2,172 | 1,838 | |||||
| Laundry and |
cleaning | 9,639 | 20,068 | |||||
| Subscriptions | 6,197 | 257 | ||||||
| Accountancy | fees | 4,156 | 5,536 | |||||
| Professional | fees | 7,991 | 15,289 | |||||
| Stafftraining | 1,787 | 654 | ||||||
| 145,513 | 149,667 | |||||||
| 11. | NET INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) | is stated after charging((crediting): | |||||||
| 2022 | 2021 | |||||||
| f. | ||||||||
| Depreciation | oftangible | fixed assets | 1,020 | 772 | ||||
| 12. | INDEPENDENT | EXAMINATION FEES | ||||||
| 2022 | 2021 | |||||||
| Fees payable | to the independent | examiner for: | ||||||
| Independent | examination | ofthe | Consolidated | financial | ||||
| statements | 2,500 | 2,200 | ||||||
| Other financial services |
4,400 | 3,336 | ||||||
| 6,900 | 5,536 |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed | as follows: |
| 2022 | 2021 | |||
| Wages and salaries | 57,231 | 75,567 | ||
| Social security costs | 184 | |||
| Employer contributions | to pension | plans | 685 | |
| 57,415 | 76,252 |
| FINANCIAL | P | E | R | FORM | ANCE OFTHE | CHARITY | ||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | ||||||
| Donations | 166 | 166 | ||||||
| Fundraising | events | 8,732 | 32,258 | 40,990 | ||||
| Interest receivable | 13 | 13 | ||||||
| 8,911 | 32,258 | 41,169 | ||||||
| Expenditure | on | charitable | activities | 30,698 | 30,698 | |||
| Supportcosts | 2,117 | 4,076 | 6,193 | |||||
| 2,117 | 34,774 | 36,891 | ||||||
| Net movement | in | funds | 6,794 | (2,516) | 4,278 | |||
| Transfer between | funds | (1,513) | 1,513 | |||||
| Total funds brought | forward | 9,487 | 5,221 | 14,708 | ||||
| 14,768 | 4,218 | 18,986 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Equipment | |
| Cost | |
| At 1 January 2022 | 6,677 |
| Additions | 3,754 |
| Disposals | (4,832) |
| At 31December 2022 | 5,599 |
| Depreciation | |
| At 1 January 2022 | 772 |
| Charge for the year | 1,020 |
| Disposals | (503) |
| At 31December 2022 | 1,289 |
| Carrying amount |
|
| At 31December 2022 | 4,310 |
| At 31December 2021 | 5,905 |
| Horsfall Community Stadium |
CIC | ||||
|---|---|---|---|---|---|
| Country ofincorporation | England | and Wales | (company | number | 12564780) |
| Registered office | Horsfall | Community | Stadium | ||
| Cemetery | Road | ||||
| Bradford | |||||
| BD62NG | |||||
| Nature ofbusiness | Operation | ofsports | facilities | ||
| Class ofshares | Ordinary | A |
| Trading result | s ofth | e Community Interest Company |
|||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Summary of | trading | results | |||
| Turnover | 274,449 | 226,421 | |||
| Total expenditure | (271,355) | (240,097) | |||
| Interest receivable | 12 | ||||
| Loss for the year | 3,106 | (13,676) | |||
| Assets | 41,336 | 32,574 | |||
| Liabilities | 58,382 | 52,726 | |||
| 18. | STOCKS | ||||
| 2022 | 2021 | ||||
| Raw materials | and consumables | 4,736 | 3,350 | ||
| 19. | DEBTORS | ||||
| 2022 | 2021 | ||||
| Trade debtors | 16,784 | 12,686 | |||
| Prepayments | and accrued income | 1,934 | 772 | ||
| 18,718 | 13,458 | ||||
| Charity | |||||
| 2022 | 2021 | ||||
| Horsfall Community |
Stadium CIC | 6,945 | 305 | ||
| Prepayments | and accrued income | 747 | |||
| 7,692 | 305 |
| CREDITORS: amoun | ts falling due within one y |
ear | |
|---|---|---|---|
| 2022 | 2021 | ||
| f. | |||
| Trade creditors | 42,843 | 41,043 | |
| Accruals and deferred | income | 9,245 | 6,751 |
| Social security and other taxes | 3,611 | 5,956 | |
| 55,699 | 53,750 | ||
| Charity | |||
| 2022 | 2021 | ||
| Trade creditors | 945 | ||
| Accruals and deferred | income | 4,150 | 900 |
| 4,150 | 1,845 |
| as follows: | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Recognised | in income from donations | and legacies: | ||
| Government | grants income | 7,906 |
| Unrestri | cted funds |
||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 | Jan 2022 | Income | Expenditure | Transfers | 31Dec 2022 | ||
| General | funds | (10,667) | 283,371 | (273,470) | (1,513) | (2,279) | |
| At | At | ||||||
| 1 | Jan 2021 | Income | Expenditure | Transfers | 31Dec 2021 | ||
| General | funds | (5,552) | 244,378 | (249,493) | (10,667) |
| Restricte | d funds |
||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| I Jan 2022 | Income | Expenditure | Transfers | 31 | Dec 2022 | ||
| NLT | 10,000 | (11,869) | 2,659 | 790 | |||
| Provident | 3,190 | (1,915) | (1,275) | ||||
| ICS | 2,031 | (2,031) | |||||
| Holiday | Fund Bradford | ||||||
| Council | 2021 | (2,160) | 2,160 | ||||
| Men's Fit Club | 3,428 | 3,428 | |||||
| Christmas Holiday |
|||||||
| Fund 2022 | 3,200 | (3,200) | |||||
| Holiday | Fund Bradford | ||||||
| Council | 2022 | 15,630 | (15,630) | ||||
| 5,221 | 32,258 | (34,774) | 1,513 | 4,218 | |||
| At | At | ||||||
| I Jan 2021 | Income | Expenditure | Transfers | 31 | Dec 2021 | ||
| NLT | 10,000 | (10,000) | |||||
| Provident | 3,190 | 3,190 | |||||
| ICS | 2,031 | 2,031 | |||||
| Holiday | Fund Bradford | ||||||
| Council | 2021 | 12,960 | (12,960) | ||||
| Men's Fit Club | |||||||
| Christmas Holiday |
|||||||
| Fund 2022 | |||||||
| Holiday | Fund Bradford | ||||||
| Council | 2022 | ||||||
| 3,190 | 22,960 | (22,960) | 2,031 | 5,221 |
| The Charity | The Charity | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | funds | ||||||
| At | At | ||||||
| I Jan 2022 | Income | Expenditure | Transfers | 31Dec 2022 | |||
| General | funds | 9,487 | 8,911 | (2,117) | (1,513) | 14,768 | |
| At | At | ||||||
| I Jan 2021 | Income | Expenditure | Transfers | 31 Dec 2021 | |||
| General | funds | 926 | 10,051 | (1,490) | 9,487 | ||
| Restricted funds |
|||||||
| At | At | ||||||
| I Jan 2022 | Income | Expenditure | Transfers | 31Dec 2022 | |||
| NLT | 10,000 | (11,869) | 2,659 | 790 | |||
| Provident | 3,190 | (1,915) | (1,275) | ||||
| ICS | 2,031 | (2,031) | |||||
| Holiday | Fund | Bradford | |||||
| Council | 2021 | (2,160) | 2,160 | ||||
| Men's Fit Club | 3,428 | 3,428 | |||||
| Christmas Holiday |
|||||||
| Fund 2022 | 3,200 | (3,200) | |||||
| Holiday | Fund | Bradford | |||||
| Council | 2022 | 15,630 | (15,630) | ||||
| 5,221 | 32,258 | (34,774) | 1,513 | 4,218 | |||
| At | At | ||||||
| I Jan 2021 | Income | Expenditure | Transfers | 31 Dec 2021 | |||
| NLT | 10,000 | —(10,000) | |||||
| Provident | 3,190 | 3,190 | |||||
| ICS | 2,031 | 2,031 | |||||
| Holiday | Fund | Bradford | |||||
| Council 2021 | 12,960 | (12,960) | |||||
| Men's Fit Club | |||||||
| Christmas Holiday |
|||||||
| Fund 2022 | |||||||
| Holiday | Fund | Bradford | |||||
| Council 2022 | |||||||
| 3,190 | 22,960 | (22,960) | 2,031 | 5,221 |
| ANALYSIS OF N | ET ASSETSBET | WEEN FUNDS | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Tangible fixed assets | 4,310 | 4,310 | ||
| Current assets | 49,110 | 4,218 | 53,328 | |
| Creditors less than | 1 year | (55,699) | (55,699) | |
| Net assets | (2,279) | 4,218 | 1,939 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Tangible fixed assets | 5,905 | 5,905 | ||
| Current assets | 37,178 | 5,221 | 42,399 | |
| Creditors less than | 1 year | (53,750) | (53,750) | |
| Net assets | (10,667) | 5,221 | (5,446) |