Harpenden Colts FC 30/04/2021 iXBRL

Harpenden Colts FC 30/04/2021 iXBRL

HARPENDEN COLTS FC - Company Information

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Company registration number: 10500207
Harpenden Colts FC
Company limited by guarantee
Unaudited filleted financial statements
30 April 2021
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 (Resigned 24 May 2020)
Mrs V Clark
Mr D Clarke
Mr C Gregory (Appointed 24 May 2020)
Mr S Hartnup (Resigned 24 May 2020)
Mr R Hockley (Appointed 24 May 2020)
Mr I Holden
Mr A James
Mr G Kalyan (Appointed 24 May 2020)
Mr S King
Mrs K Light (Appointed 24 May 2020)
Mrs J Sharp
Mr E Venner (Resigned 24 May 2020)
Mr D Walker (Appointed 24 May 2020)
Mr I Wyper
Mrs S Wyper (Appointed 24 May 2020)
Secretary Mr R Hockley
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 2021
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 2021 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 19 November 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
23 May 2021
Harpenden Colts FC
Company limited by guarantee
Statement of financial position
30 April 2021
2021 2020
Note £ £ £ £
Current assets
Debtors 6 1,298 2,230
Cash at bank and in hand 199,105 124,365
_______ _______
200,403 126,595
Creditors: amounts falling due
within one year 7 ( 31,599) ( 7,981)
_______ _______
Net current assets 168,804 118,614
_______ _______
Total assets less current liabilities 168,804 118,614
_______ _______
Net assets 168,804 118,614
_______ _______
Capital and reserves
Profit and loss account 168,804 118,614
_______ _______
Members funds 168,804 118,614
_______ _______
For the year ending 30 April 2021 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 23 May 2021 , 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 2021
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 2020/21 season and related expenditure is recognised in these accounts. Due to the Covid-19 pandemic, the 2020/21 playing season has been extended into May 2021, and all costs expected for the season have been included within this set of 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 2021.
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):
2021 2020
£ £
Nike bursary - ( 3,256)
_______ _______
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.
6. Debtors
2021 2020
£ £
Other debtors 1,298 2,230
_______ _______
7. Creditors: amounts falling due within one year
2021 2020
£ £
Nike bursary for training costs 700 700
Accrual for training venue costs 23,935 4,909
Accrual for referee fees 2,210 -
Accrual for coaching costs 2,450 -
Accrual for accountancy fees 1,290 1,254
Accrual for other expenses 1,014 1,118
_______ _______
31,599 7,981
_______ _______