Hillsborou
hBo
s Football Club
STATEMENT OF FINANCIAL ACTIVITIES
includin
an Income & Ex
enditure Account
For the
ear ended 30 June 2024
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
2024
2024
2024
2023
INCOMING RESOURCES (Note 2>
Incoming Resources from Charitable
Activities
Incoming Resources from generated
funds
Investmcnt Income
Other income
TOTAL INCOMING RESOURCES
774
6,500
7.274
7,474
183,977
52,307
236,284
220,954
46
9,894
194,691
46
36
58,807
253.498
228,464
RESOURCES EXPENDED (Note 3)
Charitable activities
Governance Costs
TOTAL RESOURCES EXPENDED
204.002
350
58.807
262,809
350
236.604
350
204,352
58,807
263,159
236,954
Net incoming l (outgoing) resources
for the year
Transfer behveen funds
(9,661)
(9,661
{8,490)
Balance brought forward
Balance carried foN4ard
4.226
(5.435)
4,226
(5,435)
12,716
4,226
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 stated above and their
historical cost equivalents.
Page 5

Hillsborou
hBo
s Football Club
BALANCE SHEET as at 30 June 2024
Note
2024
2Q23
Fixed Assets
Tangible Assets
29,682
29,682
39,546
39.456
Current Assets
Stocks
Debtors
Cash at bank and in hand
2.880
9,765
6,109
18,754
3,124
30,584
33,708
Creditora: amounts falling
Due within one year
14.072
13,727
Net Current assets
4.682
19,981
Assets less Current Llabilities
34.364
59,557
Creditors: amounts falllng
Due after more than one year
39.799
55,331
Net asetsl(liabilities)
(5,435)
4,226
REPRESENTED BY:
Unrestricted Funds
Restricted Funds
Total Funds
10
10
10
(5,435)
4,226
5,435
4,226
The trustees and members have not required the charity to obtain an audit of it's financial
statements for the year ended 30 June 2024.
The trustees acknowledge their responsibilities for.
{a) Ensuring that the charity keeps accounting records which comply with current legislats'on
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 it's surplus or deficit for each financial year.
The notes on pages 7 to 13 form an integral part of these financial statefflents.
These financial statements were approved and authorised for issue by the Trustees on 28 March
2025 and signed on their behalf by..
Paul Alexa
der- Chaimian
Charity Registration No: 103070
Page 6

Hillsborou
h Bo s Football Club
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024
1. ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are
considered material in relation to the charities, financial statements.
A. Basis of accounting
The financial statements 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 exemption 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 srnall.
C. Tangible Fixed Assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or
valuation, net of depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuatK)n of assets less their residual
valucs over their useful lives on the following basis:
Motor Vehicles - 25% straight line
D. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and
sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its
present location. Provision is made for damaged, obsolete and slow-moving stock whe
appropriate.
E. Capital Grants
Capital grants received and receivable are treated as deferred income and amortised to the
profit and loss account over the useful economic life of the asset to which it relates.
F. Incoming Resources
(i)
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
cognised as eamed when the related goods and services are provided.
Incoming Resources from charitable activities
Incoming resources 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
reliability.
Page 7

Hillsborou
hBo
8 Football Club
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024
continued
G. Resources Expended
Expenditure is recognised when a liability is incurred. Contractual arrangements and
performance related grants are recognised as goods and services are supplied. Wffiere
costs cannot be direclly attributed to a particular heading they have been allocated to
acts'vities on a basis ¢onsistent with use of resources.
Charitable a¢tivities
This compromises all the resources applied by the charity in undertaking its work to meet
its charitable objectives.
GovernanGe Costs
Includes the costs of governance arrangements which relate to the general running of the
charity.
H. Fund Accounting
The charity has two types of fijnds for which it is responsible at the year-end:
Unrestricted Funds - Funds which are expendable at the discretion of the Trustees in
furtherance of the objectives of the charity. In addition, funds may be held in order to
finance capital investment and working capital.
Restricted Funds - Income received for specÉfic purposes. Such purposes are within the
overall aims of the chanty.
Taxation status
The organisation bs recognised as a charity for tax purposes by HM Revenue & Customs.
Accordingly, it has availed of the exemptions contained in Chapter 3 Part 11 Corporation
Taxes Act 2010 and Section 256 Taxatson of Chargeable Gains Act 1992. As a charity
Hillsborough Boys FC are not liable to Corporation Tax.
Page 8

Hillsborou
hBo
s Football Club
NOTES TO THE FINANCIAL STATEMENTS
For th8 Year Ended 30 June 2024
continued
2. INCOMING RESOURCES
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Incomin
Activities
Resources from Charitable
Grants & sponsorship
774
T14
6,500
6,500
7,274
7,274
7.474
7,474
Incomin
Resources from Generated Funds
Donations & Membership
Organised activities
Tours & trips
Awards dinner
of f<2Gilitie5
Fundraising events
Sportswear & equipment
Event income
Tournament entry
Sundry
148,837
16,788
148,837 147,782
16,788
12,513
23,120
10,756
18,173
17,539
11,114
8,112
5,098
1,762
11,014
21,151
2,140
1,339
23,120
18,173
11,114
5,098
11,014
2,140
183,977
52,307
236,284 220,954
Investment Income
36
other income
Capital Grant
9,894
9,894
Total Incoming Resources
194,691
58.807
253,498 228,464
Page 9

Hillsborou
h Bo s Football Club
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024
contlnued
3. RESOURCES EXPENDED
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Charitable Activities
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 coaches
Light and heat
Tournament entry
Organised activities
Event expenses
Minibus expenses
Sundry
NIYFA Insurance
Trophies
33,825
18.000
7,412
7,288
5.411U
40,026
25,636
8,454
7.945
7.728
2,840
4,270
4,135
2.455
3.025
1.586
240
11,014
44.839 43,274
18,000 18,318
7,412 28,255
30,461 34,884
28,600
16,168
40,026 31,039
27.136 22,413
8,454
3,257
7,945
9,310
7,728
4.955
2,840
2,893
4,270
4,135
2,455
3,025
2,214
1,586
1.206
240
462
239,152 222,545
23,173
23,120
1.500
3,897
180.345
58,807
Fundraising and Advertising
1,976
1,976
1,528
Management and Admlnistration of the
charity
Repairs and equipment
Printing & Stationary
Telephone and broadband
Club communicab'ons
Depreciation
Loan interest
Bank fees and Interest
6.849
2,638
6,849
2,638
2,265
7,622
221
783
716
9.894
488
1,096
21.681
716
9.894
488
1,096
21,681
623
1,017
12,531
Total expenditure on charitable activities
204,002
58,807
262,809 236,604
Governance Costs
Accountancy
350
350
350
Total governance costs
350
350
350
Total Resources Expended
204,352
58,807
263,159 236,954
Page 10

Hillsborou
hBo
s Football Club
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024
continued
4. EMPLOYEE INFORMATION
2024
2023
Average number of staff employed by the company during the year
5. TRUSTEES EMOLUMENTS
2024
2023
Trustee's emoluments
6. ACCOUNTANT'S REMUNERATION
2024
2023
Accountant's remuneration
350
350
350
350
Page11

Hillsborou
hBo
s Football Club
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024
continued
7. TANGIBLE FIXED ASSETS
Total
Motor
Vehicles
Cost
At 30 June 2023
39,576
Addrtions
Disposals
At 30 June 2024
39,576
Depreciation
At 30 June 20?3
Charge for year
9,894
Disposals
At 30 June 2024
Net Book Values
At 30 June 2024
29,682
At 30 June 2023
39.576
8. DEBTORS
2024
2023
Accrued Income
Prepayments
9,765
9,765
3.124
3,124
9. CREDITORS: amounts falling due within one year
2024
2023
Deferred income
Accruals
Bank Loan
Unsecured Loan
1,000
3,949
6,123
3.000
14.072
3.780
3,824
6,123
13.727
CREDITORS: amounts falling due after more than one year
2024
2023
Bank Loan
Capital Grant Reserve
10,117
29,682
39.799
15.755
39,576
55,331
Page 12

Hillsborou
NOTES TO THE FINANCIAL STATEMENTS
Forthe Year Ended 30 June 2024
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
6,500
18.173
11.014
23,120
(6.500)
(18.173)
(11,014)
(23.120)
Total Restrlcted
Funds
58,807
(58.807)
Unrestricted Funds
4,226
194.691
(204,352)
5,435
Total
4.226
253.498
(263,159)
5,435
Restricted Unrestricted
Funds
Funds
Total
Flxed Assets
Current Assets
Current Liabilities < 1 yr
Liabilities > 1 yr
Net Assets
29.682
29,682
18,754
18,754
{14,072) (14,072)
39.799
39.799
5,435
5,435
11. RESTRICTED FUND DESCRIPTIONS
Restricted funds comprises income received for specific purposes. Such purposes are within
the overall aims of the charity-
Page 13