**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 - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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