Harpenden Colts FC 30/04/2020 iXBRL

HARPENDEN COLTS FC - Company Information

0 30/04/2020 2020-04-30 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2019-05-01 Sage Accounts Production 20.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 10500207 2019-05-01 2020-04-30 10500207 2020-04-30 10500207 2018-05-01 2019-04-30 10500207 2019-04-30 10500207 bus:RegisteredOffice 2019-05-01 2020-04-30 10500207 bus:LeadAgentIfApplicable 2019-05-01 2020-04-30 10500207 bus:Director1 2019-05-01 2020-04-30 10500207 bus:Director2 2019-05-01 2020-04-30 10500207 bus:Director3 2019-05-01 2020-04-30 10500207 bus:Director4 2019-05-01 2020-04-30 10500207 bus:Director5 2019-05-01 2020-04-30 10500207 bus:Director6 2019-05-01 2020-04-30 10500207 bus:Director7 2019-05-01 2020-04-30 10500207 bus:Director8 2019-05-01 2020-04-30 10500207 bus:Director9 2019-05-01 2020-04-30 10500207 bus:Director10 2019-05-01 2020-04-30 10500207 bus:CompanySecretary1 2019-05-01 2020-04-30 10500207 core:WithinOneYear 2020-04-30 10500207 core:WithinOneYear 2019-04-30 10500207 core:RetainedEarningsAccumulatedLosses 2020-04-30 10500207 core:RetainedEarningsAccumulatedLosses 2019-04-30 10500207 bus:SmallEntities 2019-05-01 2020-04-30 10500207 bus:AuditExemptWithAccountantsReport 2019-05-01 2020-04-30 10500207 bus:FullAccounts 2019-05-01 2020-04-30 10500207 bus:SmallCompaniesRegimeForAccounts 2019-05-01 2020-04-30 10500207 bus:CompanyLimitedByGuarantee 2019-05-01 2020-04-30 10500207 1 2019-05-01 2020-04-30 10500207 1 2018-05-01 2019-04-30 10500207 2 2018-05-01 2019-04-30

Company registration number: 10500207

Harpenden Colts FC

Company limited by guarantee

Unaudited filleted financial statements

30 April 2020

Harpenden Colts FC

Company limited by guarantee

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Harpenden Colts FC

Company limited by guarantee

Directors and other information


	Directors	Mrs E Attenborough
		Mr R Bandell
		Mr S Chapman
		Mrs V Clark
		Mr D Clarke
		Mr S Hartnup
		Mr I Holden
		Mr S King
		Mr E Venner
		Mr I Wyper


	Secretary	Mrs V Clark


	Company number	10500207


	Registered office	Fox Williams LLP
		10 Finsbury Square
		London
		EC2A 1AF


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		Hertfordshire
		AL5 4EE

Harpenden Colts FC

Company limited by guarantee

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Harpenden Colts FC

Year ended 30 April 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harpenden Colts FC for the year ended 30 April 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Harpenden Colts FC, as a body, in accordance with the terms of our engagement letter dated 12 May 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Harpenden Colts FC and state those matters that we have agreed to state to the board of directors of Harpenden Colts FC as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harpenden Colts FC and its board of directors as a body for our work or for this report.

It is your duty to ensure that Harpenden Colts FC has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harpenden Colts FC. You consider that Harpenden Colts FC is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harpenden Colts FC. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

Hertfordshire

AL5 4EE

24 May 2020

Harpenden Colts FC

Company limited by guarantee

Statement of financial position

30 April 2020

		2020		2019
	Note	£	£	£	£

Current assets
Debtors	6	2,230		509
Cash at bank and in hand		124,365		110,151
		_______		_______
		126,595		110,660
Creditors: amounts falling due
within one year	7	( 7,981)		( 14,238)
		_______		_______
Net current assets			118,614		96,422
			_______		_______
Total assets less current liabilities			118,614		96,422

			_______		_______
Net assets			118,614		96,422
			_______		_______

Capital and reserves
Profit and loss account			118,614		96,422
			_______		_______
Members funds			118,614		96,422
			_______		_______

For the year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 May 2020 , and are signed on behalf of the board by:

Mr R Bandell Mr I Wyper

Director Director

Company registration number: 10500207

Harpenden Colts FC

Company limited by guarantee

Notes to the financial statements

Year ended 30 April 2020

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is C/O Richie Clark, Fox Williams LLP, 10 Finsbury Square, London, EC2A 1AF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents the total value of subscriptions and other income during the year and derives from the provision of activities falling within the company's ordinary activities.Subscriptions are receivable in relation to English football seasons and accordingly all the subscription income for the 2019/20 season and related expenditure is recognised in these accounts.

Taxation

The company has been approved by HM Revenue and Customs to be registered as a Community Amateur Sports Club and as such no tax liability arises for the year ended 30 April 2020.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Limited by guarantee

The company is limited by guarantee and has no share capital. In the event of a winding up, every member has undertaken to contribute a sum not exceeding £1.

5. Operating profit

Operating profit is stated after charging/(crediting):

	2020	2019
	£	£
Nike bursary	( 3,256)	( 4,144)
Net refund from Roundwood Park 3G pitch	-	( 3,631)
	_______	_______

In June 2018 the Club entered into a partnership agreement with Nike which commited the Club to purchasing all match kit and training wear from Nike. In return, Nike would provide coaching bursaries to the Club to fund FA accredited courses to the value of £100 per squad to be spent over a three year period. The Club received a total of £7,400 in training bursary funding to be spent over the 2018/19 to 2020/21 playing seasons. Of this, £4,144 was spent in the 2018/19 season and the balance of £3,256 was spent on courses in the 2019/20 season. In addition, the Club received a further £700 of funding from Nike to fund training in UEFA B/FA Level 3 courses which has not yet been spent.The Trustees agreed to pay a 13.21% share of the total cost of a 3G pitch at Roundwood Park School which is available for hire by Harpenden Colts FC every weekday evening. The remainder of the cost was covered by the Football Association (69.15%) and Roundwood Park School (17.64%).The Club hires the 3G pitch at a subsidised rate from Roundwood Park School to recognise our contribution to the costs of installation. The running of the pitch is undertaken by the School on a commercial basis and a sinking fund for the replacement of the surface is being built up by the School from the operating surplus. As such, the Club does not need to account for any such costs in our own accounts.In the year ended 30 April 2019 the final amounts were paid for the 3G Pitch which resulted in a credit of £3,631 to the profit and loss account as actual amounts paid were less than had been expected when the accounts for the year ended 30 April 2018 were prepared.

6. Debtors

	2020	2019
	£	£
Other debtors	2,230	509
	_______	_______

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Other creditors	7,981	14,238
	_______	_______

8. Contingent assets and liabilities

At the end of the 2019/20 season, the Club has committed to contributing £5,000 towards the cost of new goalposts at both Redbourn and Flamstead. The total cost will be in the region of £13,000 with the additional costs primarily being funded by way of a Football Foundation grant.The Club has committed £7,000 in order to hire a consultant who will assist the Club with further Football Foundation applications - these discussions are currently on hold as a result of Covid-19 implications.