REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
for |
Western Wildcats Hockey Club |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
for |
Western Wildcats Hockey Club |
Western Wildcats Hockey Club |
Contents of the Financial Statements |
for the Year Ended 31 July 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 11 |
Western Wildcats Hockey Club (Registered number: SC314208) |
Report of the Trustees |
for the Year Ended 31 July 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
The main objectives of the club are the provision of facilities, coaching and organisation to promote the playing of hockey in the Milngavie and Bearsden area. Both our men's and women's first teams compete in the Premiership. The women are a regular top 4 in Scotland as are the men. The men are currently Indoor Champions, and have been promoted in the Euro's, Outdoor champions, and Scottish Cup holders. We aim to maintain this level of success through the enhancement of our junior programme, clearly identifiable player pathways, investment in coaching and the continuing development of a supportive club ethos. |
We are striving to seek further investment in our programmes via funding and sponsorship. |
ACHIEVEMENT AND PERFORMANCE |
In Season 2022 - 2023 our Men have retained the indoor final, finished second in the league, making the play offs and reached the cup final. |
Our women have reached the play - offs indoor and outdoor, and reached the cup semi-final. |
Furthermore, thanks to the support of volunteers, we fielded a fourth women's team at district level; a first for our club. |
In season 2022 - 2023 our men's 2nd team re-enforced their position in National League Division 2, they highest they can go, following restructuring post COVID. |
In season 2023-2024 our men retained the indoor title, finished 3rd in the league and went on to win the National Championship play-off, taking top spot in European ranking once again. |
In the EHL, they achieved Scotland's first win at the top table. |
Our women have retained top four ranking indoor and outdoor and have reached the Scottish Cup final for the first time. |
Our M2's had a difficult season, finishing too close to the relegation zone in Regional 1, while our L2's missed out on a play off spot for promotion to Championship by 2 points. |
In the district, the M3 were outstanding, winning the league and the District Cup and reaching the semi-final of the Reserve Cup. |
M4 achieved promotion, finishing second in Division 2, while the M5 finished 2nd in Division 4. |
Our L3 team finished 4th despite being a very young team and having players move up or away. |
Up and coming player, Chloe Hardie, won the player of the season award for this league. |
Our L4 team finished 5th this year, amassing 29 points! An incredible turn around. |
Huge thanks to all the volunteers during the week and at the weekend who support all these teams. |
Western Wildcats Hockey Club (Registered number: SC314208) |
Report of the Trustees |
for the Year Ended 31 July 2023 |
FINANCIAL REVIEW |
Result for the year |
The result for the year to 31 July 2023 is a deficit of £9,358 (2022: deficit £39,679). This result is stated after a depreciation charge of £4,512 (2022: £33,162) on the hockey pitch. The trustees are satisfied with the result for the year. |
Reserves policy |
The trustees have reviewed the reserves of the charity and are satisfied that reserves are adequate. The trustees longer term strategy is to ensure that the Club builds up sufficient reserves to replace the hockey pitch when it becomes necessary. |
FUTURE PLANS |
We will look to re-build the social aspect of our club to bring in some funds and try to attract more adult members. |
We have started an adults into hockey initiative through Kate Holmes, with the hope of increasing adult |
membership. |
We will continue to build our junior membership where possible through regular coaching sessions and attending primary schools through our local active schools coordinator. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document and constitutes a company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
The trustees form a Committee of Members from the Club. New trustees are voted onto the Committee by members at the AGM. All new trustees are selected with a view to ensuring that the Committee has an appropriate balance of relevant skills and experience. |
Principal Risks and Uncertainties |
The trustees review risks throughout the Club year and have assessed the major risks facing the Club. The trustees are satisfied that these risks are currently being adequately managed. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Western Wildcats Hockey Club (Registered number: SC314208) |
Report of the Trustees |
for the Year Ended 31 July 2023 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
Bell Barr & Company |
Chartered Accountants |
2 Stewart Street |
Milngavie |
Glasgow |
G62 6BW |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Western Wildcats Hockey Club |
I report on the accounts for the year ended 31 July 2023 set out on pages five to eleven. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
Jennifer Irvine |
The Institute of Chartered Accountants of Scotland |
Bell Barr & Company |
Chartered Accountants |
2 Stewart Street |
Milngavie |
Glasgow |
G62 6BW |
Date: ............................................. |
Western Wildcats Hockey Club |
Statement of Financial Activities |
for the Year Ended 31 July 2023 |
31.7.23 | 31.7.22 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 88,400 |
Western Wildcats Hockey Club (Registered number: SC314208) |
Balance Sheet |
31 July 2023 |
31.7.23 | 31.7.22 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 7 |
Unrestricted funds: |
General fund | 79,042 | 88,400 |
TOTAL FUNDS | 88,400 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
Western Wildcats Hockey Club (Registered number: SC314208) |
Balance Sheet - continued |
31 July 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Western Wildcats Hockey Club |
Notes to the Financial Statements |
for the Year Ended 31 July 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The trustees have reviewed the charity's operating costs for the next twelve months, and the sources of funds available, and are satisfied that the charity is a going concern. |
Income |
Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Membership income is recognised in the relevant Club membership year. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Property improvements | - |
Computer equipment | - |
Small items of capital expenditure are treated as revenue expenditure when purchased. Single items costing less than £500 would not normally be capitalised. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
Cash at bank |
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account. |
Western Wildcats Hockey Club |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
1. | ACCOUNTING POLICIES - continued |
Financial instruments |
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
2. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.7.23 | 31.7.22 |
£ | £ |
Depreciation - owned assets |
Other operating leases | 12,000 | 12,000 |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022. |
4. | TANGIBLE FIXED ASSETS |
Property | Computer |
improvements | equipment | Totals |
£ | £ | £ |
COST |
At 1 August 2022 |
Additions |
At 31 July 2023 |
DEPRECIATION |
At 1 August 2022 |
Charge for year |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
Western Wildcats Hockey Club |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Accrued expenses |
7. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.8.22 | in funds | 31.7.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 88,400 | (9,358 | ) | 79,042 |
TOTAL FUNDS | (9,358 | ) | 79,042 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 165,242 | (174,600 | ) | (9,358 | ) |
Restricted funds |
Scottish Hockey Physio | 1,000 | (1,000 | ) | - |
TOTAL FUNDS | ( |
) | (9,358 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1.8.21 | in funds | 31.7.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 115,895 | (27,495 | ) | 88,400 |
Restricted funds |
Pitch fund | 12,184 | (12,184 | ) | - |
TOTAL FUNDS | 128,079 | (39,679 | ) | 88,400 |
Western Wildcats Hockey Club |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
7. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 110,654 | (138,149 | ) | (27,495 | ) |
Restricted funds |
Pitch fund | - | (12,184 | ) | (12,184 | ) |
TOTAL FUNDS | 110,654 | (150,333 | ) | (39,679 | ) |
Funds Purpose |
The Pitch fund represents restricted grants and donations received in 2011 and 2012 towards the construction of a new hockey pitch, less the associated depreciation charge on the pitch. |
The Scottish Hockey Physio fund represents amounts received from Scottish Hockey to pay for the physio at the men's European competitions. |
8. | RELATED PARTY DISCLOSURES |
During the year the charity paid £150 (2022: £125) to M E Laing (trustee) for website maintenance |
services. |