COMPANY REGISTRATION NUMBER: 10924397 CHARITY REGISTRATION NUMBER., 1180849 Herne Bay Sports Hub Company Limited by Guarantee Unaudited Financial Statements 31 August 2024 Chartered accountants Camburgh House 27 New Dover Road Canterbury Kenl CT1 3DN
Herne Bay Sports Hub Company Limited by Guarantee Flnancial Slalements Year ended 31 Augusl 2024 Page Trustees, annual report (incorporating the directorfs report) Independenl examiner's report to the Irustees Stalement of financial activities (including income and expenditure account) Slatement ol financial position Notes to the financial slatemenls
Herne Bay Sports Hub Company Llmlted by Guaranlee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 August 2024 The Iruslees, who are also the directors lor the purp)ses of company law, pres8nl their retort and the unaudited financial slalemenls ol the charrty lor the year ended 31 August 2024. Rgfertsn¢• and admlnlslratlv8 delalls Reglstered charlty name Herne Bay Sports Hub Charlty reglslratlon number 1180849 Company reglslrallon number 10924397 Prlnclpal offl¢e and reglsterod 45 Pigeon Lane offlce Herne Bay Kenl CT6 7ES The Iruslee8 Mr P J Beeson Mr C M Cripps Mr H J Evans Ms A M Gibbs Ms L C Maiks MrGGLMiles Mr J Taylor MrMRWTodd Mr J Warden Independgnl examlner Robert Field FCA CTA Gamburgh House 27 New Dover Road Canterbury Kent CT130N
Herne Bay Sports Hub Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) 1contlnL) Year ended 31 August 2024 Structure. govemance and management Horne Bay Sports Hub is a charitable company limited by guarantee not having share capital, registered in England (No. 109243971 and is a registered charity INO. 11808491. The Herne Bay Sports Hub is home to four ol Herne Bay's amateur sports clubs boasting slate ol the art sports facilities. These include two lull size hockey pitches, a lull size artificial football pilch and two grass mini pitches, six lennis courls and a cricket ground. All the arlilicial surfaces are Iloodlil. The Iruslees have delegated the day lo day running ol the charity lo Jon Warden. The Irusl&es are selected by the four clubs where the representation is two members per club. Risk manag9ment The Injslees are satislled that they have assessed the major risks to which the charitable company exposed. Systems have been established lo miligale those risks and are periodically reviewed lo Ènsure they are still meeting the charitablè company's needs. Volunteers Volunteers rnake up the back bone ol the amateur sports clubs working al all levels. These volunteers embody the Charity's objectives and prDVKJe Coaching and mentoring lo the members ol the clubs in a lun and sale selling. Volunteers also provKle leadership and governance lo the Gharity via the leam ol Irusle8s. Oblectlves and activltles The charills objects are sp&cili¢ally restricted lo the advancement ol amateur sport for the benefit ol the publi¢ ol Herne Bay and Ihe surrounding area, in particular bul not exclusively by prowding facilities lor playing Grickel, Football, Hockey and Tennis. Each component club values their role in creatlng a successlul and ful inclusive community. As such. each club works with all sexes, genders and abilities supported by the Htjb. In planning our aclivili8s over Ihe year we kept in mind the Charity Commissions guidance on publSc benefit and looked to align these aclivilies against our objectives regularly at our quarterly Iruslee meetings, our clubs monlhly executive meetings throughout the season. Achievements and perfomiance The Foolball, Hockey and Tennis clubs all run OV8f Iwenly learns each in leagues throughout Kent. The Cricket club currently runs one senior team wlh plans lo develop their junior section. The Hockey and Tennis clubs welcome both adult and junior new members and have a program of coaching lo oller something lor every ability and age. The Football club has a growng mini soccer s8ciion where children from ihe age of 5 can come along lor sesgions in a fun and sale setling. Both Football and Hockey have a Ihriving Walking Hock8yIFoolball section.
Herne Bay Sports Hub Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (Ctsntlnuedl Year ended 31 August 2024 Flnanclal revlew Any accumulated profits are retained in the Sports Hub lo ensure the facilities are maintained and developed lo cater lor the growing Ial membership. Small company provislons This report has been prepared in accordance with the provisions applicable lo companies enlilled lo the small companies exemption. The trustÈÈs' annual reptsrt was approved on Iruslees by.. and sign8d on bèhalf ol thè board ol MrGGLMiles Trustee Mr J Warden Trustee Charity Secretary
Herne Bay Sports Hub Company Llmlted by Guarantee Independenl Examiner's Report to the Trustees of Herne Bay Sports Hub Year ended 31 Augusl 2024 I report lo the trustees on my examination ol the financial statements of Herne Bay Sports Hub I'the charilll lor Ihe year ended 31 August 2024. Re8ponslbllltles and basls of report As the trustees ol the eornpany land also ils direclois lor the purposes ol company lawl you are responsible for the preparation ol the financial slalements in accordance wilh the requirements ol the Companies Act 20061'lhe 2006 Acl'l. Having satisfied myself that the accounts ol the company are not required lo be audited under Parl 16 of the 2006 Act and ara 81igiblg lor indepgndent 8xamination, I raport in r8gpect ol my axamination of the charity's accounts as carried out under seclion 145 01 the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examinalion I have followed the Directions given by the Charity Commission under section t4515llbl ol the 2011 Act. Independent examinerf$ slalement I have completed my examination. I confirm Ihal no rnatlers have corne lo my allenlion in connection with the examinalion giving me cause lo believe.. accounting iecords were not kepl in respect ol the charity as requiied by section 386 01 the 2006 Act., or the financial statements do not accord th those records.. or the financial slalemenls do not comply with the accounting requirements ol section 396 01 Ihe 2006 Act other than any requirement that the accounts give a 'lrue and lair, view which is not a maller considered as part ol an independent examinalion. or the financial statements have not been prepared in accordance with the methods and principles ol the Slalemenl ol Recommended Practice lor accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. I have no concerns and have come across no other mallers in connectson wlh the examination lo which allention should be drawn in this report in order lo enable a propel understanding ol the accounts lo be reached. Robert Field FCA CTA Independent Examiner (f Camburgh House 27 New Dover Road Canterbury Kent CT13DN g.
Herne Bay Sports Hub Company Llmlted by Guarantee Statement of Flnancial Aclivities (including income and expenditure account) Year ended 31 August 2024 2024 Unreslricied funds Total funds Total funds 2023 Note Income and endowment8 Donations and legacie5 Charitable activities 27,855 49,633 27,855 49,633 Tl,488 25,100 50,785 Total In¢omo 77,488 75,885 Expenditure Expenditure on charilatje activities Total expendlture 57,741 57,741 57,741 57,741 88,325 88,325 Net IncomellexpendSturel and net movement In tunds 19.747 19,747 112,4401 Reconclllallon of funds Total funds brought forward Total funds carrled forward 73,266 93,013 73,266 93,013 85,706 73,266 The slalemenl of linancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The note3 on pages 7 to 13 form part of these Ilnanclal slaternents.
Herne Bay Sports Hub Company Llmlted by Guarantee Statement of Financial Posltion 31 August 2024 2024 2022 Noto Flxod assèts Tangible fixed assels Investments 13 14 66,104 100 74,119 100 66,204 74,219 Current assets Debtors Cash al bank aThJ in hand 15 24,941 4,509 29,450 248 7,942 8,190 Credltor$'. amounts falllng due wlthln one year Not current assets 16 2,641 9,143 19531 73,266 73.266 26,809 Total assets less current Ilabllltles 93,013 Net asseis 93,013 Funds ol charlty Unreslricte(S funds 93,013 73,266 Total Charlty funds 17 93,013 73,266 For the year ending 31 Augus12024 the charity was entitled lo exemplioll from a111 under section 477 ol the Companies Act 2006 relaling lo small companies. Directors. responsibililles.. The members have not required the company lo obtain an audit ol ils financial slalements lor the year in question in accordance with section 476., The directors acknowledge their responsibilities lor complying with the requirements ol the Act with respect lo accounting records and the preparation ol financial slalemenls. These financial slalemenls have been prepared In accordance with the provisions applicable 10 companies subject lo the small cornpanies, regime. These financial slalemenls were approved by the board ol Iruslees and aulhorised lor issue on .i£.i.o.¥.%S, and are signed on behall ol the board by.. MrGGLMiles Trusletr Mr J Warden Trustee The r¢otes on page3 7 10 13 form part ot these Ilnanclal statements.
Herne Bay Sports Hub Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2024 General information The charity is a public benefit enlily and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address ol the registered ollice is 45 Pigeon Lane. Heme Bay. Kent. CT6 7ES. statement of compliancg These financial slalemenls have been prepared in compliance with FFIS 102, 'The Financial Reporting Standard appllcable in the UK and the Republic of Ireland,. the Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting pollcies 8asls of preparallon The financial slalements have been prepared on Ihe histor81 cost basis, as modified by the revaluation ol certain financial assets and liabilities and investment properties measured al lair value through income or exp8ndilure. The financial statements are prepared in sterling. which is the functional currency of the er5ti1y. Golng con¢èrn There are no material UncertainlS about the charity's ability lo continue. Dlsclosure exempllons The entity has taken advantage ol disclosure exemptions as is a small charity therefore has omilled lo prepare a cash flow slalemenl. Judgements and key sources of estlmatlon uncertalnty In the application ol the Company's accounting polici&s, the director is requlred lo make judgemenls that have a signlficant impact on the amounts recognised. Accounting èstimales and assumptions are fflade concerning the lulure and, by their nature, will rarely equal the related actual outcome. These eslimales and judgements are conlinually reviewed and are based on experience and other factors, including expectations ol lulure events that are b81ieved lo be reasonable urK5er the circumstances. Fund accountlng Unreslricled funds are available lor use al the discretion ol the trustees lo further any ol Ihe charills purposes. Designaled funds are unreslricled funds earmarked by the Iruslees lor particular future project or commitmont. Reslricled funds are subjeoled to Teslriclions on Iheir expenditure dedared by the donor or through the terms ol an app8al, and fall into one of two sub-dassos.. reslricled income funds or endDwm&nl funds.
Herne Bay Sporls Hub Company Limiled by Guarantee Notes to the Financial Slatements (cut¥lltsuerJ) Year ended 31 August 2024 Ac¢ountlng policies (contlnuodj Incomlng resources All incoming resources are included in thè slalement ol financial activities when entillemenl has passed lo the charity., il is probaije that the e¢onomi¢ benefits associated with the transaction will flow lo the charity and the amount can lje reliably measured. The lollowng specilic policies are applied to particular categories ol incorne.. incorne from donations or grants is recrMJnised when there is evidence ol enlillemenl lo the gift. receipt is probable and its amount can be meatrured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured al the lair value ol the goods unless this Is impractical lo measure reliably, in which case Ihe value is derived from the cost to the donor or Ihe eslimaled resale value. Donated facilities and services are recognised in the accounls when received il Ihe value can be reliably measured. No amounts are included lor the contribution ol general volunleers. irorne Irom conlracls lor the supply of services is recognised wlh the delivery of the contracted service. This is classified as unreslricled funds unless Iheie is a Conlraclual requirement lor il lo be spent on a particular purpose and returned il unspent. in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ol the statement ol linancial activities lo which il relates.. expenditure on raising funds includes the costs ol all fundraising aclmlies, events, non- charitable trading acts'mlies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charlty in undertaking a¢iivliies that lurlher Its charltable alms for the benefll ol Irs bonefl¢larles, Includlng those support costs and costs relating to the governance ol the charity apportioned lo charf(able aclivilies. other expenditure includes all expenditure Ihat is n&ther related to raising lunds IOT thg charity nor part ol ils expenditure on charitable aclivilies. All costs are allocated lo expenditure categories reflecting the use of the resource. Direcl costs allribulable lo a single activity are allocated directly lo that aclivily. Shared costs ar? apportioned between the activities they contribule lo on a reasonable, jusliliable and consislenl ba51S. Tanglble a$seis Tangible assets are initially recorded at cost, and subsequently slated al cogt less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts ar& recorded al the lair value al the dale ol revalualion less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Herne Bay Sports Hub Company Llmited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 August 2024 Accountlng policiès (coniinued? Depreclatlon Depreciation is calculated so as io write oll the cosi or valuation ol an asset, less ils resKlual value, over the useful economic life ol Ihal asset as follows.. Equipment 1 OOA slraighl line Invesimen15 Unlisted equity investments are initially recorded al cost, and subsequently measured al lair value.11 lair value cannot be reliably measured, assets are measured al cost less impairment. sled invesimenls are measured al lair value with changes in lair value being recognised in income or expenditure. Impalrment of flxed assets A review lor indicators of impairment is Carried out al each reportlng dale, with the recoverable amount being eslimaled where such indicators exisl. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed lor possible r&versal at each reporting date. Financial instruments Financial liabilities and equity instruments are classified according lo the substance ol the conlraclual arrangements entered into. Oeblors and creditors with no staled interest rate and receivable or payable within one year are recorded al transaction price. Any losses arising from itnwrmenl are recognised In the profit and loss account in other adminislralive expenses. Loans and tK)rr(Iwlngs are initially recognised al transaction price including Iransacllon costs. Subsequently, they are measured al amorlised cost using the elleclive interest rale method. less impairmonl. 11 an arrangement Conslilules a finan Iransaclion it is measured al present value. Llmlled by guarantee The charitable company is limited by guaranlee and has no share capital. In the event of the charity windlng up. the liabllily in respeel of the guarantee is limited lo £1 per member ol the charity. Donatlons and legacles UnreStrted Total Funds Unrestricted Total Funds FUd8 2024 Funds 2023 Donatlon$ Sponsorships Donations 10.000 7,855 10,000 7.855 15,000 15.000
Herne Bay Sports Hub Company Limited by Guarantee Notes to the Financial Statements IcoJ7tlnu8dJ Year ended 31 August 2024 Oonatlons and legacles icontlnu•d? Unrestricted Total Fundg Unreslricled Total Funds Funds 2024 Funds 2023 Granls Unrestricted grant income 10,000 10,000 27,855 10,100 25,100 10,100 25,100 27,855 Charitable activitles Unreslri¢led Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Mernbership income Recharged Lflililies Ground rents Pavilion Hire 6,700 438 40,235 2,260 49,633 6,700 438 40.235 2,260 49,633 10,065 28.420 12.000 300 10,065 28.420 12,000 300 50,785 50,785 Expendllure on charll8ble actlvltles by fund type Unrestricted Total Fund8 Unrestricted Tolal Funds Funds 2024 Funds 2023 Sports Hub facilities 57,741 57,741 88,325 88.325 Expenditure on charitable actlvities by activity type Activities undertaken Tolal funds directly 2024 Total fund 2023 Sports Hub facilities 57,741 57,741 88,325 Net Incomellexpenditure) N81 incomellexpencfilurel is slated aller chargingllcreditingl.. 2024 2023 Depreciation of larYJible h'xed assets 8,015 8,015 10. Independent examlnallon lees 2024 2023 Fees payable to the independent examiner for.. Independent examination ol the financial slalemenls 750 750 10-
Herne Bay Sports Hub Company Limiled by Guarantee Noles lo the Financial Statements fconwnuod) Year ended 31 Augusl 2024 11. Staff costs The average head count of employees duiing the y6ar was Nil12023'. NIII. No employee receiv1 employee benefits of more than £60.C0 during the year12023: Nil). 12. Trustee remuner8tlon and expenges The charity trustees were not paid and did not recelve any other benefits from employment with the chartlable company in the year. No charity trustee received paymonl for profession or otrer services supplied lo the charity. 13. Tanglble Ilxed assets Equipmenl Cost At 1 September 2023 and 31 August 2024 Depreclatlon Ai 1 Seplembor 2023 Charge for the year Al 31 August 2024 Carrylng amount At 31 August 2024 Al 31 August 2023 90,149 90.149 16,030 8,015 16,030 8,015 24,045 24,045 66.104 74,119 66,104 74,119 14. Investments Shares In group ndertakings Cost or valuath)n At 1 Septembw 2023 and 31 Augusi 2024 Impalment At 1 Septembgr 2023 and 31 August 2024 Carrylng amount At 31 August 2024 Al 31 August 2023 100 100 l investments shown above are held al valuation. Al the year end the company held 100 Ordinary £1 shares in Herne Bay sPts Hub (Pavillionl Ltd. 11
Herne Bay Sports Hub Company Limited by Guarantee Notes to the Financial Stalements {conllnued) Year ended 31 August 2024 15. Debtois 2024 2023 Trade debtors Amounts owed by group undertakings Prepayments and accrued incorne 6,000 6,811 12,130 24,941 248 248 16. Credltors: amounts falling due wlthin one year 2024 2023 Trade creditors Amounts owed lo group undertakings Accruals and deferred income Other creditors 641 1,628 1,890 2,000 3,825 9,143 2,000 2,641 17. An8lysls of charltable funds Unrestrlcted funds Al 1 September 2023 At 31 August 20 24 Income Expenditure General funds 73,266 77,488 157,7411 93,013 Al 1 September 2022 Al 31 August 20 23 Income Expenditure G8neraf funds 85,706 75,885 188,3251 73,266 12-
Herne Bay Sports Hub Company Limlted by Guarantee Notes to the Financial Slalements (contlnu8d) Year ended 31 August 2024 18. Analysis of net assels between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Inveslrnents Current assets Creditors less than 1 year Net assets 66,104 100 29,450 12,641) 93.013 66,104 11X) 29.450 (2,641) 93,013 Unreslricte(l Total Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 74.119 100 8,190 19.1431 73,266 74.119 too 8,190 19.1431 n,266 19. Relat8d partles Al the year end, £6,81112023'. £1,690 owed tol was owed from a subsidiary compary. 13-