Charity number: 300036
HARROLD PLAYING FIELD ASSOCIATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
HARROLD PLAYING FIELD ASSOCIATION
| CONTENTS | |
|---|---|
| Page | |
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Trustees' responsibilities statement | 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 20 |
HARROLD PLAYING FIELD ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Trustees | M Hartwell, Trustee |
|---|---|
| B Wilson, Trustee (appointed 7 September 2021) | |
| B Woodward, Trustee | |
| P Thompson, Trustee | |
| N Aellen, Trustee (appointed 24 April 2023) | |
| Charity registered number 300036 Principal office 5 Meadway Harrold Bedford MK43 7DP Accountants MHA Chartered Accountants Moorgate House 201 Silbury Boulevard Milton Keynes Buckinghamshire MK9 1LZ |
Page 1
HARROLD PLAYING FIELD ASSOCIATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022
The Trustees present their annual report together with the financial statements of the Harrold Playing Field for the year 1 October 2021 to 30 September 2022.
Harrold Playing Field Association is a registered charity, number 300036, and is constituted under a Trust deed.
Organisational structure
The Board of Trustees administer the Charity and meet on a regular basis.
The Charity is managed on a day to day basis, by the Chief Executive Officer appointed by the Trustees.
The trustees who served during the year and up to the date of signature of the financial statements were:
M Wills - Chair, resigned 30th September 2022
B Wilson B Woodward P Thompson M Hartwell N Aellen - appointed 24th April 2023
Objectives and Activities
Policies and objectives
The main objective of the playing field is to provide sporting and leisure facilities for the people of Harrold and its surrounding villages.
The main activities carried out on the playing field are football, cricket and scouting. These activities are carried out by Harrold Cricket Club and the 51st Harrold Cubs and Scouts. Football was played by a club which has now using other facilities and we will be looking to encourage football on the playing field in the future. The pavilion and playing field is also available for hire when the facilities are not being used for sporting activities.
Strategies for achieving objective
We look for funding opportunities which will help us maintain and improve the pavilion and playing field for its users.
We currently advertise in the local Bridge magazine to make people aware of the playing field pavilion for hiring. The principal hirers advertise separately the activities of the cricket club, football club and scout group to make it available to new members.
The website and facebook page to improve awareness of the playing field in the local community and further afield are now up and running. These will be used to communicate more effectively with potential users and groups in the future.
Activities undertaken to achieve objectives
The main activities undertaken to achieve its objectives is:
-
Ongoing maintenance of the pavilion and playing field area
-
Ad hoc pavilion hire
-
Hire of the facilities to the 2 main user groups
-
Fundraising where necessary
Page 2
HARROLD PLAYING FIELD ASSOCIATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
Public Benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievement and performance
Main achievements of the Charity
The main achievements of the charity were as follows:
-
Improvements to the main gate hard standing area to allow heavy deliveries to be made without damaging the field.
-
Completion of outstanding refurbishment works to the pavilion
-
Additional building and plumbing works to the cub hut.
-
Launching of the website and facebook pages to improve communications to existing and potential users.
Financial Review
Reserves at 30 September 2022 were £75,387 (2021 : £81,149).
Reserves policy
The policy of the playing field is to provide for expected losses through the accounts. For potential unexpected losses we will hold in reserve £20,000 in our accounts to cover any unforeseen financial problems.
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Approved by order of the members of the board of Trustees and signed on their behalf by:
M J Hartwell ................................................ M Hartwell (Trustee) Date: 26 June 2023
N D Aellen
................................................
N Aellen
(Trustee)
Page 3
HARROLD PLAYING FIELD ASSOCIATION
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
M J Hartwell N D Aellen ................................................ ................................................ M Hartwell N Aellen Trustee Trustee Date: 26 June 2023
Page 4
HARROLD PLAYING FIELD ASSOCIATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022
Independent examiner's report to the Trustees of Harrold Playing Field Association ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2022.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 5
HARROLD PLAYING FIELD ASSOCIATION
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 4 July 2023
Martin Herron BA (Hons) ACA
MHA
Chartered Accountants Milton Keynes
Page 6
HARROLD PLAYING FIELD ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Other income 5 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2022 £ - - - - 3,548 3,548 (3,548) 38,965 (3,548) 35,417 |
Unrestricted funds 2022 £ 60 33,271 17 33,348 35,562 35,562 (2,214) 42,184 (2,214) 39,970 |
Total funds 2022 £ 60 33,271 17 33,348 39,110 39,110 (5,762) 81,149 (5,762) 75,387 |
Total funds 2021 £ 54,312 13,329 10 67,651 |
|---|---|---|---|---|
| 19,961 19,961 |
||||
| 47,690 | ||||
| 33,459 47,690 81,149 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 20 form part of these financial statements.
Page 7
HARROLD PLAYING FIELD ASSOCIATION
BALANCE SHEET AS AT 30 SEPTEMBER 2022
| Note Fixed assets Tangible assets 10 Current assets Stocks 11 Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
1,907 2,501 48,904 53,312 (7,715) |
2022 £ 29,790 29,790 45,597 75,387 75,387 35,417 39,970 75,387 |
822 1,653 60,247 62,722 (3,109) |
2021 £ 21,536 |
|---|---|---|---|---|
| 21,536 59,613 |
||||
| 81,149 | ||||
| 81,149 | ||||
| 38,965 42,184 |
||||
| 81,149 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................M J Hartwell ................................................N D Aellen M Hartwell N Aellen Trustee Trustee Date: 26 June 2023
The notes on pages 9 to 20 form part of these financial statements.
Page 8
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
1. General information
The charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is 5 Meadway, Harrold, Bedford, MK43 7DP. The registered charity number is 300036.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Harrold Playing Field Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Page 9
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
2. Accounting policies (continued)
2.3 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
The cost of acquiring the Recreation Ground and erecting the pavilion therone was met by the inhabitants of Harrold from public subscription. In accordance with the terms of the conveyance, the Trustees have vested the property in the custody of the Charities Commission.
Management and control of the property is vested in a management committee comprising of seven elected and twelve representative members, which form the Committee of Harrold Playing Field Association.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
Cub hut - 10-20% straight line - Playing field equipment 10-20% straight line - Pavilion and storage 10-20% straight line Main entrance - 10-20% straight line - Bar/Pav equipment 10-20% straight line
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 10
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
2. Accounting policies (continued)
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering 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 statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 11
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
3. Income from donations and legacies
| Donations Grants Government grants Similar incoming resources |
Restricted funds 2022 Unrestricted funds 2022 £ £ - 60 Restricted funds 2021 Unrestricted funds 2021 £ £ 33,500 - - 19,393 - 1,419 33,500 20,812 |
Total funds 2022 £ 60 |
|---|---|---|
| Total funds 2021 £ 33,500 19,393 1,419 54,312 |
4. Income from charitable activities
| Unrestricted funds 2022 £ Bar sales 28,619 Hire of pavilion 900 Hire of pitches 1,650 Eon FIT receipts 2,102 33,271 |
Total funds 2022 £ 28,619 900 1,650 2,102 33,271 |
|---|---|
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
4. Income from charitable activities (continued)
| Bar sales Hire of pavilion Hire of pitches Eon FIT receipts 5. Other incoming resources Bank interest receivable Bank interest receivable 6. Analysis of expenditure by activities Charitable activities |
Unrestricted funds 2021 £ 9,672 412 1,700 1,545 13,329 Unrestricted funds 2022 £ 17 Unrestricted funds 2021 £ 10 Activities undertaken directly 2022 £ 39,110 |
Total funds 2021 £ 9,672 412 1,700 1,545 13,329 |
|---|---|---|
| Total funds 2022 £ 17 |
||
| Total funds 2021 £ 10 |
||
| Total funds 2022 £ 39,110 |
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
6. Analysis of expenditure by activities (continued)
| Charitable activities Analysis of direct costs |
Activities undertaken directly 2021 £ 19,961 |
Total funds 2021 £ 19,961 |
|---|---|---|
| Depreciation Bar sales - cost of sales Cleaning Water and sewerage charges Insurance Upkeep of field General expenses Repairs and renewals Advertising Accountancy Electricity Registration fees |
Activities 2022 £ 4,771 23,552 1,256 270 1,425 2,911 190 2,601 80 1,238 706 110 39,110 |
Total funds 2022 £ 4,771 23,552 1,256 270 1,425 2,911 190 2,601 80 1,238 706 110 39,110 |
|---|---|---|
Page 14
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
6. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Depreciation Bar sales - cost of sales Cleaning Water and sewerage charges Insurance Upkeep of field General expenses Repairs and renewals Advertising Accountancy Electricity Registration fees |
Activities 2021 £ 3,409 7,893 749 247 1,454 1,884 10 1,995 80 1,162 1,008 70 19,961 |
Total funds 2021 £ 3,409 7,893 749 247 1,454 1,884 10 1,995 80 1,162 1,008 70 19,961 |
|---|---|---|
7. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,076 ( 2021 - £1,000 ) , and other services of £ - (2021 - £162).
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).
During the year ended 30 September 2022, no Trustee expenses have been incurred (2021 - £NIL).
9. Staff costs
There were no employees of the charity during the year (2021 - NIL).
Page 15
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
10. Tangible fixed assets
| Cost or valuation At 1 October 2021 Additions At 30 September 2022 Depreciation At 1 October 2021 Charge for the year At 30 September 2022 Net book value At 30 September 2022 At 30 September 2021 |
Cub hut £ 6,454 3,472 9,926 6,454 347 6,801 3,125 - |
Playing field equipment £ 4,459 - 4,459 1,916 342 2,258 2,201 2,543 |
Pavilion and storage £ 35,015 571 35,586 19,498 2,256 21,754 13,832 15,517 |
Main entrance £ 1,989 8,400 10,389 1,989 840 2,829 7,560 - |
Bar/Pav equipment £ 6,167 582 6,749 2,691 986 3,677 3,072 3,476 |
Total £ 54,084 13,025 67,109 |
|---|---|---|---|---|---|---|
| 32,548 4,771 37,319 |
||||||
| 29,790 | ||||||
| 21,536 |
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 11. Stocks Bar stock 12. Debtors Due within one year Prepayments and accrued income 13. Creditors: Amounts falling due within one year Accruals and deferred income |
2022 £ 1,907 2022 £ 2,501 2022 £ 7,715 |
2021 £ 822 |
|---|---|---|
| 2021 £ 1,653 |
||
| 2021 £ 3,109 |
Page 17
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
14. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Restricted funds Pavilion refurbishment Total of funds |
Balance at 1 October 2021 £ 42,184 38,965 81,149 |
Income £ 33,348 - 33,348 |
Expenditure £ (35,562) (3,548) (39,110) |
Balance at 30 September 2022 £ 39,970 |
|---|---|---|---|---|
| 35,417 | ||||
| 75,387 |
Restricted funds are to support the full refurbishment of the pavilion and attached playing field. The refurbishment is ongoing and it is expected that the funds will be fully utilised in the coming financial year. Any existing funds already spent are included as fixed assets with the balance sheet and therefore the fund is being reduced on an annual basis by the charge of depreciation.
Page 18
HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
14. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds Restricted funds Pavilion refurbishment Total of funds |
Balance at 1 October 2020 £ 25,459 Balance at 1 October 2020 £ 8,000 Balance at 1 October 2020 £ 33,459 |
Income £ 33,551 Income £ 33,500 Income £ 67,051 |
Expenditure £ (16,826) Expenditure £ (2,535) Expenditure £ (19,361) |
Balance at 30 September 2021 £ 42,184 |
|---|---|---|---|---|
| Balance at 30 September 2021 £ 38,965 |
||||
| Balance at 30 September 2021 £ 81,149 |
15. Summary of funds
Summary of funds - current year
General funds Restricted funds |
Balance at 1 October 2021 £ 42,184 38,965 81,149 |
Income £ 33,348 - 33,348 |
Expenditure £ (35,562) (3,548) (39,110) |
Balance at 30 September 2022 £ 39,970 35,417 75,387 |
|---|---|---|---|---|
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HARROLD PLAYING FIELD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
15. Summary of funds (continued)
Summary of funds - prior year
| General funds Restricted funds |
Balance at 1 October 2020 £ 25,459 8,000 33,459 |
Income £ 33,551 33,500 67,051 |
Expenditure £ (16,826) (2,535) (19,361) |
Balance at 30 September 2021 £ 42,184 38,965 81,149 |
|---|---|---|---|---|
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2022 Unrestricted funds 2022 £ £ 35,417 (5,627) - 53,312 - (7,715) 35,417 39,970 |
Total funds 2022 £ 29,790 53,312 (7,715) 75,387 |
|---|---|---|
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