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2023-06-30-accounts

REGISTERED COMPANY NUMBER: 11438595 (England and Wales) REGISTERED CHARITY NUMBER: 1194867

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SEVENOAKS HOCKEY CLUB LTD

Blue Rocket Accounting Accountants and Tax Advisers 8 Twisleton Court Priory Hill Dartford Kent DA1 2EN

SEVENOAKS HOCKEY CLUB LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

Page
Report of the Trustees 1
Statement of Financial Activities 2
Balance Sheet 3 to 4
Cash Flow Statement 5
Notes to the Cash Flow Statement 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14 to 15

SEVENOAKS HOCKEY CLUB LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Sevenoaks Hockey Club is a leading hockey club in the Southeast with over 900 members,17 senior teams and a coaching programme that trains 500 youngsters a week. The club is a credit to all of the 100 or more volunteers and helpers who give up their time to make it happen.

The Trustees confirm that they have regard to the guidance issued by the Charity Commission on public benefit.

STRATEGIC REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006."

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

11438595 (England and Wales)

Registered Charity number

1194867

Registered office

The Vine Pavilion Hollybush Lane Sevenoaks United Kingdom TN13 3UK

Trustees

Dr P R Barker Doctor Ms E Botes Lawyer Ms D Davies Marketing Consultant (resigned 20/9/2022) F Desmond Director Ms A Manuel Management Consultant J D Nelson Financial Consultant Ms J Nicholls Accountant (resigned 20/9/2022)

Company Secretary

Ms E J Ingram

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 16 November 2023 and signed on the board's behalf by:

Ms A Manuel - Trustee

Page 1

SEVENOAKS HOCKEY CLUB LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
981,626
29,090
6,004
1,016,720
384,900
631,820
(17,666)
614,154		 Restricted
fund
£
11,683
-
-
11,683
-
11,683
(725)
10,958		 30/6/23
Total
funds
£
993,309
29,090
6,004
1,028,403
384,900
643,503
(18,391)
625,112		 30/6/22
Total
funds
£
284,253
32,154
418
316,825
335,216
(18,391)
-
(18,391)

The notes form part of these financial statements

Page 2

SEVENOAKS HOCKEY CLUB LTD

BALANCE SHEET 30 JUNE 2023

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS/(LIABILITIES)
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
213,947
44,469
398,845
443,314
(43,107)
400,207
614,154
614,154		 Restricted
fund
£
-
-
10,958
10,958
-
10,958
10,958
10,958		 30/6/23
Total
funds
£
213,947
44,469
409,803
454,272
(43,107)
411,165
625,112
625,112
614,154
10,958
625,112		 30/6/22
Total
funds
£
-
26,332
122,776
149,108
(167,499)
(18,391)
(18,391)
(18,391)
(17,666)
(725)
(18,391)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 16 November 2023 and were signed on its behalf by:

A Manuel - Trustee

The notes form part of these financial statements

Page 3

continued...

SEVENOAKS HOCKEY CLUB LTD

BALANCE SHEET - continued 30 JUNE 2023

P R Barker - Trustee

J D Nelson - Trustee

J Nicholls - Trustee

E Botes - Trustee

D Davies - Trustee

F Desmond - Trustee

The notes form part of these financial statements

Page 4

SEVENOAKS HOCKEY CLUB LTD

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end
of the reporting period
2		 30/6/23
£
533,779
533,779
(252,031)
6,004
(246,027)
287,752
122,051
409,803		 30/6/22
£
121,633
121,633
-
418
418
122,051
-
122,051

The notes form part of these financial statements

Page 5

SEVENOAKS HOCKEY CLUB LTD

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
(Decrease)/increase in creditors
Net cash provided by operations
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one
year
Total cash and cash equivalents		 30/6/23
£
643,503
38,324
(6,004)
(18,137)
(123,907)
533,779
30/6/23
£
409,803
-
409,803		 30/6/22
£
(18,391)
-
(418)
(26,332)
166,774
121,633
30/6/22
£
122,776
(725)
122,051

3. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank
Bank overdraft
Total		 At 1/7/22
Cash flow
At 30/6/23
£
£
£
122,776
287,027
409,803
(725)
725
-
122,051
287,752
409,803
122,051
287,752
409,803		 At 1/7/22
Cash flow
At 30/6/23
£
£
£
122,776
287,027
409,803
(725)
725
-
122,051
287,752
409,803
122,051
287,752
409,803
409,803
409,803

The notes form part of these financial statements

Page 6

SEVENOAKS HOCKEY CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Gift aid
Subscriptions		 30/6/23
£
660,284
4,493
328,532
993,309		 30/6/22
£
23,830
4,741
255,682
284,253

Page 7

continued...

SEVENOAKS HOCKEY CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

3.
OTHER TRADING ACTIVITIES
Fundraising events
Sponsorships
4.
INVESTMENT INCOME
Deposit account interest
Curr asset inv income
5.
RAISING FUNDS
RAISING DONATIONS AND LEGACIES
Support costs
OTHER TRADING ACTIVITIES
Purchases
INVESTMENT MANAGEMENT COSTS
Administrative expenses
Aggregate amounts
6.
SUPPORT COSTS
Management
Finance
Other
£
£
£
Raising donations and
legacies
32,936
8,962
38,324		 30/6/23
£
10,590
18,500
29,090
30/6/23
£
15
5,989
6,004
30/6/23
£
83,068
30/6/23
£
218,300
30/6/23
£
83,532
384,900
Governance
costs
£
2,846
30/6/22
£
7,304
24,850
32,154
30/6/22
£
418
-
418
30/6/22
£
22,217
30/6/22
£
302,121
30/6/22
£
10,878
335,216
Totals
£
83,068

Page 8

continued...

SEVENOAKS HOCKEY CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
Other operating leases		 30/6/23
£
38,084
30,569		 30/6/22
£
-
7,750

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.

9. STAFF COSTS

The average monthly number of employees during the year was as follows:

Average number of employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
281,897
Other trading activities
32,154
Investment income
418
Total
314,469
EXPENDITURE ON
Raising funds
332,135
NET INCOME/(EXPENDITURE)
(17,666)
TOTAL FUNDS CARRIED FORWARD
(17,666)		 30/6/23
5
Restricted
fund
£
2,356
-
-
2,356
3,081
(725)
(725)		 30/6/22
7
Total
funds
£
284,253
32,154
418
316,825
335,216
(18,391)
(18,391)

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Page 9

continued...

SEVENOAKS HOCKEY CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

11. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST
Additions
DEPRECIATION
Charge for year
NET BOOK VALUE
At 30 June 2023
At 30 June 2022		 Long
leasehold
£
140,432
28,086
112,346		 Plant and
machinery
£
14,945
2,195
12,750		 Fixtures
and
fittings
£
94,137
7,443
86,694		 Motor
vehicles
£
2,517
360
2,157		 Totals
£
252,031
38,084
213,947
- - - - -

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 14)
Trade creditors
Other creditors
Accruals and deferred income
Accrued expenses		 30/6/23
£
20,288
14,163
10,018
44,469
30/6/23
£
-
23,098
3,633
9,503
6,873
43,107		 30/6/22
£
17,060
9,272
-
26,332
30/6/22
£
725
18,925
140,318
7,531
-
167,499

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

14. LOANS

An analysis of the maturity of loans is given below:

30/6/23 30/6/22
£ £
Amounts falling due within one year on demand:
Bank overdrafts - 725

Page 10

continued...

SEVENOAKS HOCKEY CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

15. MOVEMENT IN FUNDS

At 1/7/22
£
Unrestricted funds
Unrestricted fund
(17,666)
Restricted funds
Restricted Fund
(725)
TOTAL FUNDS
(18,391)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Unrestricted fund
1,016,720
Restricted funds
Restricted Fund
11,683
TOTAL FUNDS
1,028,403
Comparatives for movement in funds
Unrestricted funds
Unrestricted fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 Net
movement
in funds
£
631,820
11,683
643,503
Resources
expended
£
(384,900)
-
(384,900)
Net
movement
in funds
£
(17,666)
(725)
(18,391)		 At
30/6/23
£
614,154
10,958
625,112
Movement
in funds
£
631,820
11,683
643,503
At
30/6/22
£
(17,666)
(725)
(18,391)

Page 11

continued...

SEVENOAKS HOCKEY CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Unrestricted fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 Incoming
resources
£
314,469
2,356
316,825		 Resources
expended
£
(332,135)
(3,081)
(335,216)		 Movement
in funds
£
(17,666)
(725)
(18,391)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
Unrestricted fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 At 1/7/21
£
-
-
-		 Net
movement
in funds
£
614,154
10,958
625,112		 At
30/6/23
£
614,154
10,958
625,112

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
Unrestricted fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 Incoming
resources
£
1,331,189
14,039
1,345,228		 Resources
expended
£
(717,035)
(3,081)
(720,116)		 Movement
in funds
£
614,154
10,958
625,112

Page 12

continued...

SEVENOAKS HOCKEY CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2023.

Page 13