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Company registration number:
14316131
Wheathampstead Wanderers Football Club Limited
Company limited by guarantee
Unaudited filleted financial statements
31 May 2023
Wheathampstead Wanderers Football Club Limited
Company limited by guarantee
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Wheathampstead Wanderers Football Club Limited
Company limited by guarantee
Directors and other information
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Directors |
Samuel Berg |
(Appointed 24 August 2022) |
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Miles Briggs |
(Appointed 24 August 2022) |
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Matthew Grinyer |
(Appointed 24 August 2022) |
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Stephen Whittle |
(Appointed 24 August 2022) |
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Secretary |
Samuel Berg |
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Company number |
14316131 |
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Registered office |
Vaughan Chambers |
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Vaughan Road |
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Harpenden |
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AL5 4EE |
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Accountants |
Hicks and Company |
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Chartered Accountants |
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Vaughan Chambers |
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Vaughan Road |
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Harpenden |
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AL5 4EE |
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Wheathampstead Wanderers Football Club Limited
Company limited by guarantee
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Wheathampstead Wanderers Football Club Limited
Year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wheathampstead Wanderers Football Club Limited for the year ended 31 May 2023 which comprise the statement of financial position, statement of changes in equity 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 Wheathampstead Wanderers Football Club Limited, as a body, in accordance with the terms of our engagement letter dated 9 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Wheathampstead Wanderers Football Club Limited and state those matters that we have agreed to state to the board of directors of Wheathampstead Wanderers Football Club Limited 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 Wheathampstead Wanderers Football Club Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Wheathampstead Wanderers Football Club Limited 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 loss of Wheathampstead Wanderers Football Club Limited. You consider that Wheathampstead Wanderers Football Club Limited 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 Wheathampstead Wanderers Football Club Limited. 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
AL5 4EE
9 April 2024
Wheathampstead Wanderers Football Club Limited
Company limited by guarantee
Statement of financial position
31 May 2023
|
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2023 |
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2022 |
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Note |
£ |
|
£ |
|
£ |
|
£ |
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Current assets |
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Debtors |
|
5 |
5,552 |
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2,894 |
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Cash at bank and in hand |
|
|
102,663 |
|
|
|
127,218 |
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|
|
|
|
_______ |
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|
_______ |
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108,215 |
|
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|
130,112 |
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Creditors: amounts falling due |
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|
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|
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within one year |
|
6 |
(
56,330) |
|
|
|
(
73,894) |
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|
|
|
|
_______ |
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|
_______ |
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Net current assets |
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51,885 |
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56,218 |
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|
|
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|
_______ |
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_______ |
Total assets less current liabilities |
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51,885 |
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56,218 |
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_______ |
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_______ |
Net assets |
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51,885 |
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56,218 |
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_______ |
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_______ |
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Capital and reserves |
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Development fund |
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14,247 |
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14,439 |
Profit and loss account |
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37,638 |
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41,779 |
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|
|
|
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_______ |
|
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_______ |
Members funds |
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51,885 |
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56,218 |
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_______ |
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_______ |
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For the year ending 31 May 2023 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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
09 April 2024
, and are signed on behalf of the board by:
Stephen Whittle
Director
Company registration number:
14316131
Wheathampstead Wanderers Football Club Limited
Company limited by guarantee
Statement of changes in equity
Year ended 31 May 2023
|
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|
Development fund |
|
Profit and loss account |
Total |
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£ |
|
£ |
£ |
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|
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At 1 June 2021 |
|
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14,125 |
|
41,474 |
55,599 |
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(Loss)/profit for the year |
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619 |
619 |
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Other comprehensive income for the year: |
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Reclassification from profit and loss account to development fund |
|
|
314 |
|
(
314) |
- |
|
|
|
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
|
|
314 |
|
305 |
619 |
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|
|
|
|
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_______ |
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_______ |
_______ |
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At 31 May 2022 and 1 June 2022 |
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14,439 |
|
41,779 |
56,218 |
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(Loss)/profit for the year |
|
|
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|
(
4,333) |
(
4,333) |
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|
Other comprehensive income for the year: |
|
|
|
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Reclassification from profit and loss account to development fund |
|
|
(
192) |
|
192 |
- |
|
|
|
|
|
_______ |
|
_______ |
_______ |
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Total comprehensive income for the year |
|
|
(
192) |
|
(
4,141) |
(
4,333) |
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|
|
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|
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_______ |
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_______ |
_______ |
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At 31 May 2023 |
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14,247 |
|
37,638 |
51,885 |
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_______ |
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_______ |
_______ |
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Wheathampstead Wanderers Football Club Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 May 2023
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
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'.
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 received 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 2022/23 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 31 May 2023.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.Debt instruments are subsequently measured at amortised cost.
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.
Debtors
|
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2023 |
2022 |
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|
|
£ |
£ |
|
Vesey kit rebate |
|
2,220 |
1,823 |
|
Presentation day income |
|
3,332 |
1,071 |
|
|
|
_______ |
_______ |
|
|
|
5,552 |
2,894 |
|
|
|
_______ |
_______ |
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6.
Creditors: amounts falling due within one year
|
|
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2023 |
2022 |
|
|
|
£ |
£ |
|
Accruals |
|
15,131 |
10,237 |
|
Deferred grant income |
|
30,000 |
30,000 |
|
Deferred subscription income |
|
11,199 |
33,657 |
|
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_______ |
_______ |
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56,330 |
73,894 |
|
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_______ |
_______ |
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The Club has received grants of £30,000 as contributions towards the new Clubhouse which is likely to be spent in 2024.