REGISTERED COMPANY NUMBER: 08585798 (England and Wales)

REGISTERED CHARITY NUMBER: 1164212

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

THE HORNCASTLE TOWN FOOTBALL CLUB

LIMITED

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

Notes to the Financial Statements

6

to

10

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 May 2025. 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

Objectives and aims

The purposes of the charity are as follows:

-

to provide facilities for and to promote participation in the amateur sport of football in Horncastle, Lincolnshire and the surrounding area;

-

to establish and maintain a permanent amateur club in Horncastle for the teaching, playing and coaching of football for the benefit of the inhabitants of Horncastle and the surrounding area;

-

to provide facilities for football and to promote, encourage and facilitate the playing of football in the area of Horncastle and amongst the community;

-

to provide the ordinary benefits of belonging to a sports club, including the provision of suitably qualified coaches, coaching courses, insurance, medical treatment and post-match refreshments; and

-

to affiliate to the FA and parent county association and to comply with and uphold the rules and regulations of both organisations.

Significant activities

The club continues to provide all-age and grassroots football for many in and around the Horncastle area. A veterans' team has now been formed to compete in the Balcan Lighting Supplies Lincolnshire League's Over 35s' League. In addition, work continued with improving the playing surfaces and the ongoing refurbishments to the clubhouse. We again ran a successful junior tournament and Santa fun run. Bingo has remained a regular fundraiser. The Hotchkin cup collaboration with Woodhall Spa Football Club has also continued raising money for both clubs.

Public benefit

We have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

FINANCIAL REVIEW

Financial position

The closing balance sheet shows net assets of £71,792 represented by a general fund of the same amount.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity's memorandum and articles of association is its governing document.

Charity constitution

The charity is a company limited by guarantee, with each member undertaking to contribute £10 to the charity's assets in the event of it being wound up.

Recruitment and appointment of new trustees

New trustees are appointed in accordance with the company's articles of association, either by the existing trustees or by the members at a general meeting of the company. No other person or external body is entitled to appoint trustees. When considering co-opting a new trustee, the board has regard to the requirement for any specialist skills needed. Co-opted trustees are then subject to appointment by the members at the next general meeting.

Induction and training of new trustees

New trustees are given an induction, during which they are briefed on their legal obligations under charity and company law, the Charity Commission guidance on public benefit and the recent financial performance of the charity. Trustees are also encouraged to attend appropriate training events appropriate to their role.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08585798 (England and Wales)

Registered Charity number

1164212

Registered office

The Wong

Horncastle

Lincolnshire

LN9 6EA

Trustees

C H Low

L M Stephenson

P M Johnson

A N Cotton

H D Johnson (resigned 9.12.2024)

L Nickless

Mrs N M Fawcett

J P Kimber

A Shinn

I Mellor

E Rawdon

Independent Examiner

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

Approved by order of the board of trustees on 28 October 2025 and signed on its behalf by:

P M Johnson - Trustee

Independent examiner's report to the trustees of The Horncastle Town Football Club Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr T J Russell BA (Hons) FCCA

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

28 October 2025

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

19,068

22,245

Other trading activities

2

64,134

64,518

Investment income

3

350

267

Total

83,552

87,030

EXPENDITURE ON

Charitable activities

Teaching, playing and provision of facilities related to football

71,257

84,538

NET INCOME

12,295

2,492

RECONCILIATION OF FUNDS

Total funds brought forward

59,497

57,005

TOTAL FUNDS CARRIED FORWARD

71,792

59,497

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Intangible assets

7

257

395

Investments

8

1

1

258

396

CURRENT ASSETS

Debtors

9

2,310

4,763

Cash at bank

69,752

54,798

72,062

59,561

CREDITORS

Amounts falling due within one year

10

(528

)

(460

)

NET CURRENT ASSETS

71,534

59,101

TOTAL ASSETS LESS CURRENT LIABILITIES

71,792

59,497

NET ASSETS

71,792

59,497

FUNDS

11

Unrestricted funds

71,792

59,497

TOTAL FUNDS

71,792

59,497

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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 28 October 2025 and were signed on its behalf by:

P M Johnson - Trustee

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, with the exception of investments which are included at market value.

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about The Horncastle Town Football Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income

All 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any impairment losses. Amortisation of the computer software is provided on a straight-line basis over three years.

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.

2.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Fundraising events

15,049

15,626

Sponsorships

2,955

2,650

Junior team subs, membership and training

29,568

35,363

Fines

1,357

612

Adult memberships

1,025

-

Sundry income

14,180

10,267

64,134

64,518

3.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

350

267

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Other operating leases

600

600

Computer software amortisation

138

23

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.

6.	STAFF COSTS

7.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 June 2024 and 31 May 2025

418

AMORTISATION

At 1 June 2024

23

Charge for year

138

At 31 May 2025

161

NET BOOK VALUE

At 31 May 2025

257

At 31 May 2024

395

8.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

MARKET VALUE

At 1 June 2024 and 31 May 2025

1

NET BOOK VALUE

At 31 May 2025

1

At 31 May 2024

1

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

100% of the Ordinary A shares in Horncastle Town FC Trading Ltd (nature of business: bar sales). The aggregate capital and reserves of Horncastle Town FC Trading Ltd was £4,787 (2024 - £2,323) and profit / loss for the year was a profit of £2,464 in the current year (2024 - £952).

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

2,310

4,763

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accruals and deferred income

528

460

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.6.24

in funds

31.5.25

£

£

£

Unrestricted funds

General fund

59,497

12,295

71,792

TOTAL FUNDS

59,497

12,295

71,792

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

83,552

(71,257

)

12,295

TOTAL FUNDS

83,552

(71,257

)

12,295

Comparatives for movement in funds

Net

movement

At

At 1.6.23

in funds

31.5.24

£

£

£

Unrestricted funds

General fund

57,005

2,492

59,497

TOTAL FUNDS

57,005

2,492

59,497

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

87,030

(84,538

)

2,492

TOTAL FUNDS

87,030

(84,538

)

2,492

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.6.23

in funds

31.5.25

£

£

£

Unrestricted funds

General fund

57,005

14,787

71,792

TOTAL FUNDS

57,005

14,787

71,792

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

170,582

(155,795

)

14,787

TOTAL FUNDS

170,582

(155,795

)

14,787

12.	RELATED PARTY DISCLOSURES

The charity's wholly-owned subsidiary, Horncastle Town FC Trading Ltd, made a donation in the year to the charity of £12,845 (2024 - £20,086).