Hillsborou hBo s Football Club STATEMENT OF FINANCIAL ACTIVITIES includin an Income & Ex enditure Account For the ear ended 30 June 2023 Unrestricted Funds Restricted Funds Total Funds Total Funds 2023 2023 2023 2022 INCOMING RESOURCES (Note 2> Incoming Resources from Charitable Activities Incoming Resources from generated funds Investment Incom@ Other income TOTAL INCOMING RESOURCES 950 6.524 7,474 26,807 171.508 49,446 220.954 168.450 36 36 2.383 197,645 172,494 55,970 228,464 RESOURCES EXPENDED (Note 3) Charitable activities Govemance Costs TOTAL RESOURCES EXPENDED 180.634 350 180,984 55.970 236.604 350 179,349 350 55.970 236,954 179,699 Net incoming l (outgoing) rosourc8S for the year Transfer between funds (8.490) (8,490) 17,946 Balance brought forward Balance carried forwar(I 12.716 4,226 12.716 4.226 (5,2301 12,716 The above Statement of Financial Activities includes all information as required to be disclosed by the Companies Act 2006. All of the activities of the company are classed as continuing. There is no difference between the net incoming resources for the year ststed above and their historical cost equivalents. Page 5
Hillsborou hBo s Football Club BALANCE SHEEf as at 30 June 2023 Note 2023 2022 Fixed Assets Tangible Assets 39,576 39,576 Current Assets Debtors Cash at bank and in hand 3,124 30,584 33,708 1,130 47,717 48,847 Creditord: amounts falling Due within one year 13,727 14,876 Net Current assets 19,981 33,971 Assets less Current Liabilities 59.557 33.971 Creditors: amounts falling Due after more than one year 55.331 21.255 Net asetsl(liabillties) 4,226 12,716 REPRESENTED BY: Unrestricted Funds Restricted Funds Total Funds 10 10 10 4,226 12,716 4,226 12,716 The trustees and members have not required the charity to obtain an audit of it's financial ststements for the year ended 30 June 2023. The trustees acknowledge their responsibilities for.. (a) Ensuring that the charity keeps accounting records which comply wrth current legislation and (b) Preparing financial statements which give a true and fair view of the state of the charity as at the end of each financial year and of iys surplus or deficit for each financial year. The notes on pages 7 to 13 form an integral part of these financial statements. These financial statements were approved and authorised for issue by the Trustees on 28 March 2025 and signed on their behalf by: Paul Alexander- Chairnian Charity Registration No.. 103070 Page 6
Hi115borou hBo s Football Club NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2023 1. ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in rebation to the charities, financial statements. A. Basis of accounting The financial ststements have been prepared under the historical cost convention and in accordance with applicable Accounting Standards in the United Kingdom including the Statement of Recommended Practice on 'Accounting and Reporting by Charities {revised 2005} and the Companies Act 2006. A summary of the more important accounting policies, which have been applied consistently. is set out below. B. Cash Flow Statement The directors have taken advantage of the exempts.on in Financial Reporting Standard No.1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small. C. Tangible Fixed Assets Tangible fixed assets are initially measured at cost and Subsequent measured at cost or valuation, net of depreciation and any impairment103ses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis.. Motor Vehicles - 25% straight line D. Capital Grants Capital grants received and re1vable are treated as deferred income and amortised to the profit and loss account over the useful economic life of the asset to whh it rèlates. E. Incoming Resources Incoming resources from generated funds Voluntary income includes incoming resources from membership fees, dues, gifts, donations and grants and is recognised in full in the Statement of Financial Activities when receivable. Activities for generating funds are commercial activities which are recognised as earned when the related goods and services are provided. {ii} Incoming Resources from charitable activities Incoming reSoUrS from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. It is recognised as earned as the related services or goods are provided. Grant income included in this category provides funding to support projects and is recognised where there is entitlement. certainty of receipt and the amount can be measured with sufficient reliabilrty. F. Resources Expended Expenditure is recognised when a liabilty is incurred. Contractual arrangements and performance related grants are recognised as goods and ServIS are supplied. V41here costs cannot be directly attributed to a particular heading they have been allocated to acb'vities on a basis consistent with use of resources. Page 7
Hillsborou hBo s Football Club NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2023 continued ACCOUNTING POLICIES (contSnued) Charitable activities This compromises all the resources applied by the charity in undertaking rts work to meet its charitable objectives. Governance Costs Includes the costs of governan arrangements which relate to the general running of the charty. G. Fund Accounting The charity has two types of funds for which it is responsible at the year£nd'. Unrestricted Funds - Funds which are expendable at the discretion of the Trustees in furtherance of the objectNes of the charity. In addition. funds may be held in order to finance capttal investment and Working capital. Restrlcted Funds - Income recetved for spectfic purposes. Such purposes are within the overall aims of the charity. H. Taxation status The organisation is recognised as a charity for tax purposes by HM Revenue & Customs. Accordingly. it has availed of the exemptions contained in Chapter 3 Part 11 Corporalion Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992. As a charity Hillst)orough Boys FC are not liable to Corporation Tax. Page 8
Hillsborou h Bo 5 Football Club NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2023 continued 2. INCOMING RESOURCES Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 Incomin Activities Resources from Charitable Grants & sponsorship 950 950 6,524 6.524 7,474 7,474 26,807 26,807 Incomin Resources from Generated Funds Donations & Membership Organised activities Tours & trips Awards dinner Hire of facilities Fundraising events Sportswear & equipment Event income Tournarnent entry Sundry 147,782 12.513 147,782 132,302 12,513 12,364 10,756 17,539 8,112 1,762 21,151 1,339 10.756 17,539 11,035 11,027 257 1,465 8.112 1.762 21.151 1.339 171,508 49.446 220,954 168,450 Investment Income 36 36 Other income- Furlou 2,383 Total Incoming Resources 172,494 SS,970 228,464 197,645 Page 9
Hillsborou hBo s Football Club NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2023 continued 3. RESOURCES EXPENDED Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 Charitable Activtties Direct Charitable Expenditure Sportswear & equipment Football Factory rental Salaries and ER NIC Awards dinner Trips & tours League & referee fees Facility hire Coaching badges & training Casual coachcs Light and heat Toumament entry Event expenses Sundry NIYFA Insurance Trophies 20,099 18,318 28,255 16.345 5.412 31,039 21,413 3,257 9,310 4,955 2.893 3,897 2,214 1.206 462 169.075 23,175 43.274 24,732 18,318 18,000 28,255 26,463 34.884 21.226 16,168 1,078 31,039 26,072 22,413 16,935 3,257 6,287 9,310 8,988 4,955 3,033 2,893 2,465 3,897 2,214 1,206 462 577 222,545 158,647 18.539 10,756 1.000 2,015 776 53.470 Fundraising and Advertising 1,528 1,528 99 Management and Administration of tho charity Repairs and equipment Professional fees Printing & Stats"onary Telephone and broadband Club communications Loan interest Bank fees and Interest 2,265 2,265 14,349 1,704 2,169 656 560 159 1,006 20,603 5,122 221 783 623 1,017 10.031 2,500 7,622 221 783 623 1,017 12,531 2.500 Total expenditure on charitsble activities 180.634 55,970 236,604 179,349 Governance Costs Accountancy 350 350 350 Total govemance costs 350 350 350 Total Resources Expended 180,984 55,970 236,954 179,699 Page 10
Hillsborou hBo s Football Club NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2023 continued 4. EMPLOYEE INFORMATION 2023 Z022 Average number of staff employed by the company during the year 5. TRUSTEES EMOLUMENTS 2023 2022 Trustee's emoluments 6. ACCOUNTANT'S REMUNERATION 2023 2022 Accountant's remuneration 350 350 350 350 Page11
Hillsborou h80 s Football Club NOTES TO THE FINANCIAL sTATEME[s For the Year Ended 30 June 2023 continued 7. TANGIBLE FIXED ASSETS Totsl Motor Vehicles Cost At 30 June 2022 Additions 39,576 Disposals At 30 June 2023 39,576 Depreciation At 30 June 2022 Charge for year Disposals At 30 June 2023 Net Book Values At 30 June 2023 39,576 At 30 June 2022 8. DEBTORS 2023 2022 Accrued Income Prepayments 3.124 3,124 1,130 1,130 9. CREDITORS: amounts falling due within one year 2023 2022 Deferred income Accruals Loans 3,780 3,824 6,123 13,727 4.340 4,413 6.123 CREDITORS: amounts falling due after more than one year 2023 2022 Loans Capital Grant Reserve 15,755 39,576 55.331 21,255 21,255 Page 12
Hillsborou hBo s Football Club NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2023 continued 10. ANALYSIS OF MOVEMENT IN RESTRICTED AND UNRESTRICTED FUNDS Opening Balance Income Expenditure Transfer Between funds Closing Balance Grants & sponsorship Awards dinner Sportswear & equip Tours & trips 6,524 17.539 21,151 10,756 (6.524) (17,539) (21,151) (10,756) Total Restricted Funds 55.970 (55,970) Unrestricted Funds 12.716 172.494 {180,984} 4,226 Total 12.716 228.464 1236.954) 4.226 Restricted Unrestricted Funds Funds Total Fixed Assets Current Assets Current Liabilities < 1 yr Liabilities > 1 yr Net Assets 39,576 39,576 33.708 33,708 (13,727) {13,727) 55.331 55.331 4,226 4,226 11. RESTRICTED FUND DESCRIPTIONS Restricted funds comprises income receNed for specrfic purposes. Such purposes are within the overall aims of the charity. Page 13