REGISTERED COMPANY NUMBER: 03172553 (England and Wales) REGISTERED CHA￿ NUMBEIL" 1055422 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR AMBASSADORS FOOTBALL UMrrED Dunhams Chartered Accountants 11 Watwick Road Old Trafford Stretford Manchester M16 OQQ AMBASSADORS FOOTBALL Um￿ED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement ot Financial Artivities io Balance Sheel li Notes to the Financial Ststements 12 to 19 Detsiled Statement of Financial Artivities 20 to 21 AMBASSADORS FOOTBALL Um￿ED REFERENCE AND ADmINISTRA￿vE DEfAILS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Company Number 03172553 IEngland and Wales) Registered Charity Number 1055422 Registered Office (Head Office) Claremont House St Georges Road Bolton Lancashire BLI 2BY London Regional Office 70 Mare Street London E8 4RT Lancaster Regional Office Stsnley Road Morecambe LA3 IUP TrusteeslDirectors E J Boyden J Hampson (resigned 06102120251 D E Money J H Ortlip G S Pearson B Roles A M Thomas E L Wood lappointed 06m21202SI Kry Personnel M Bateman IGB Dire(tor} S Prenti￿ {Secretary to the Board) Independent Examiners Dunhams 11 Warwick Road Old Traffi)rd Manchester M16 (MIQ Bankers Barclay5 Bank PIC The Wellsprings Victoria Square Bolton BLI IXA P8ge I AMBASSADORS FOOTBALL Um￿ED REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, presenl their report with the financial statements of the charity for the year ended 31 December 2024. 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 IFRS 102} {effective l January 20191. OBJECllVES AND ACllVtTIES Objectives and aims The objert of the compony 15 The advancement of the Christian religion especially in and through sport and sports chaplaincy and particularly (but not exclusivetyl involving youth, church and school groups in such attivities. Page 2 AMBASSADORS FOOTBALL UMITED REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECtIVES AND ACTivrnES Significant activities The charity in 2024 continued to function as per the Memorandum and Articles of Association of Ambassadors Football Limited with a specialisation of working in and through football primarily but not exclusively. For over 30 years the organisation has existed to bring about positive change in hard to reach, vulnerable children. youth, adults and their communities through.. al Running innovative holistFc faith based football pro9rammes. bl Supporting churches, coaches. players and participants in their football outreach initiatives. The Ambassadors approach is that through the bridge of football, barriers are overcome to get alongside people in a non-judgmentsl way to enable positive life-changing decisions to be rnade. We summarise our purpose in three way5: o Investing in churches o Investing in people o Sharing Jesus through football We Specifically choose to work with faith-based partners (usually churches) in order to increase the impact of the work that we do. From this platform of trust gained ihrough playing football, Ambassadors workers help churches then develop and deliver programmes in line with our principles of 'football faith future.. They do this in both short and long-term programme5: Short-term: Amba55adors Football Camps- run in partnership with local churches. Tours - providing an opportunity to impact lives for the better through interaction with the participants and serying a community overseas. Events/volunteering hosting events such as tournaments where individuals gather together to enrich their community, learn from one another and hear about the life changing impact that has happened through football in other people's lives. These tournaments are focused on bringing football teams iogether, but the volunteers who help at these events see the benefft of what they do. and thus can be developed in skills and character. Long-term- Community projects - run in partnership with local agencies, provide ongoing opportunities to improve the lives and possibilities for those that tske part Another way in which we work is in providing support and training for churches, leadets, coaches and players in community football outreach. Through this training we are able to also then train others to be able to deliver quality football outreach into their local communities, with our support to monitor and evaluate the starÈdards of the programme5 we are associated with. Our small team can then multiply our impact through the trained partner5 and their local community project& The British Work of Ambassadors Football is one of a network of 35 national ongoing charitable works around the world that are linked together by shared values and vision. 2024 saw us increase the amount of work we do after a time of maintaining the status quo duTing the lock down affected years of 2020-2022. We increased our staff numbers and CUTrentEy employ 13 individuals on a full or part-time basis. As a result of being able to continue the church led weekly 5e5sions, 435 participants were part of weekly programmes. 'Talk Football,, our weekly support email resource was received by approximately 600 coaches worldwide. We continued to develop our Community Football out￿aCh (CFO) training so that churches could serve their communitie5. Over 30 churches attended our first presenlation of CFO - with 6 new projects starting during the year. We supported over 150 churches directly, impacting over 20C() people. Including online participation and intemational Speaking engagements, more than 6,500 people attended Ambassadors Football events throughout the year. Page 3 AMBASSADORS FOOTBALL UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECrnIES AND AcrnirriES Public benefft Ambassadors Football continues to work amongst sectors of society that often have less opportunities than others. The economic state of Great Britain and the reduction in certain services have resulted in poor health and well-being for those in low income areas. Children are less likely to be physically active or involved in extra-curricular activities that can enhance theii personal feelings of self-worth. In addition. the NHS and other public bodie5 are looking for easy to access sporting activities to which patients and clients can be referred. This happen5 Wlth a variety of our projects, especially those working with the homeless or eldeTIy. In recent years we have seen asylum seekers and refugees joining our programme5. Thi5 also shows the way in which integration can happen on a football pitch, which can be mirrored by society. People mix together in ways around football activities which doe5 not occur in other areas of life. As a result, we have seen community cohesion enhanced in places like Newcastle, Tower Hamlets, Glasgow. Lancashire and South Wales. We have been able to develop well-run replicable programmes for under 12$ and Ihis mean5 we can influence children at a formative stage of their lives, to develop good character and principles that will seNe them well for life. We can also influence families and encourage them to make good decisions for the welfare of their children. We are faiih-based but not faith biased. As such we welcome any and every culture and ethnicity onto our programmes. It results in the development of a wide range of volunteers into leaders. and children feeling heard and appreciated as they tske part in the programmes we offer. In this way the trustees of Ambassadors Football Limited believe we have complied with the duty in section 17{51 of the Charities Act 2011, to have dLJe regard to the public benefit guidance published by the Charity Commission. Volunteers We trained three volunteers as part of our Academy programme in 2024. The number of volunteers involved in delivering our programmes has increased from 45 in 2023 to 69 in 2024. The volunteers were support workers and coaches in our community football outreach programmes and some were involved in administrative 5UPPOrt. The contribution of time from volunteers was approximately 120 hours per week over the year. This is equivalent to 3 staff workers and is a great retum on the investment we make into them. Page 4 AMBASSADORS FOOTBALL UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRATEGIC REPORT Achievements and performance Charliable artivities Ambassadors Football GB continued to focus on sustainable models of work through.. l. Working with local partners, resulting in a good investment of our time as we trained and supported others in delivering our programmes, whilst modelling good practice ourselves. 2. A development of our work with women's football, with our women'5 football coordinator developing her role, raising funds and partners to deliver programmes for female participation around the country. 3. Building upon existing partnerships and starting new programmes in areas of the country where we had not worked for many years. The programmes that we are involved in include.. Wales football development In 2023 we stsrted a new office in Cardiff. This is to provide better services to the principality. This office has now grown in number to three staff members. In 2024 they were able to host a trainee who came from South Africa. This resulted in more time being available to link up with local churches and start new football outreach programmes. As a result we hosted camps. tournaments and supported churches in football outreach in their community. Women's football development In 2024 our two female members of staff were joined by a female trainee who was based in London. As a result we were able to develop new football groups and finalise our women's football resource. This is a weekly programme of activity and faith based questions which encourage discussion and conversation for those who attend. The female staff members are each involved in women's football programmes. In Wales our staff member is the chaplain of Cardiff City Women's team and has weekly meetings with the squad and opportunities to support the players in whatever stage of life they are in. In Morecambe we help a church run a weekly after school club for girls. These girls would not normally be in a local club because they feel too shy to join. or that they do not have the ability to participate t that level. The club provides a welcoming environment where the girls in Key Stsge Two are able to express themselves and get physical exercise in a group setting with safe boundaries. Our female trainee began a women's football group in Hackney that proved popular. It especially brought new players to the session. who were interested in getting fit and trying football. It meant that people who normally would not mingle together in society had the opportunity to learn from each other and share tO9ether through football. We had a women's football breakout group at our Faith in Football conference. As a result of that 9roup, we decided to host a women'5 football festival in March 2025 to further develop the network of groups that work with women's football around the country. There is now an ongoing network of women connerted through Ambassadors Football to one another. They meet informally on a monthly basis to encourage one another and share best practice and the highs and lows of running football regularly in some hard to reach places in Great Britain. One highlight now is the annual Morecambe Girls footy festival. The third edition of this event saw girls from all walks of life coming to play together in a tournament in the Easter holidays. It is a partnership between Ambassador5 Football and Morecambe FC community 5POrts. The local fooiball club has a women's section and invites the girls that play to turn up and tske part. In addition, Ambassadors Football promotes the event through its network of schools and churches. As a result girls tum up, make new friends through the interactive team format and the feedback is always positive. A great development of our women's work was also the lour that was taken by a handful of players to Uganda. This group of 18-30 year old women had not met before, but quickly bonded over their commitment to seNe the local communities that they visited in the East African nation. From school assemblies to learning about the local culture, they played and coached football but also learned more about themselves and how they could work well in a team environment in a culture that was not their own. As a resuli of the tour, one woman returned to help support the community projects in Africa for a few months and the women are in regular contact Page 5 AMBASSADORS FOOTBALL Um￿ED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Football Camps 2024 saw 17 camps (holiday clubs) take place around Great Britain. Some partners now run their own camps, showing the 5ustsinability of the training and modelling that we provide. In totsl we had 650 children attend along with family members for prize giving etc. The feedback was ove￿helMingIY positive, with families of participants enthusiastic and local partners pleased that they were making new contacts in their communities and bringing about a positive impact through the camps. We held four new camp5 in 2024. One new camp was in Cumbria, where we have not held a camp for more than 20 year5. We partner with local churches and they were encouraged to see the data which said that 72% of the kids who attend the camps do not come to church regularly. This is very positive for the churches we setve as they seek to impact the general population surrounding iheir church building. We hosted three international volunteers from Spain, Columbia and Mexico. These young people joined the local volunteers at different camps and the staff that we have, to enable us to impact more children than ever before. The volunteer helpe￿ at camps do an amazing job. with 1600 hours of voluntary work delivered in this way. Weekly Foothall Clubs We continued to support churches that run their own football clubs for youth, children and adults. Most have a theme each week such as respect, teamwork or confidence. Through the football we emphasise these values and build upon them as the year goes on. One club ha5 been running for 12 years. A family who attended for 5 years were moving away to Northern Ireland. Upon their departure we gave a bible lo the player and they were based in the very town where Ambassadors Football Ireland is based in Portadown. So this young player has played a full season for this new team. excelled on the pitch but also has been reading the bible (provided by partner organisation Good News for Everyone) and this has resulted in his family and friends seeing a growing positive character in him. It is encouraging to see how we link up with our partners globally and also sow seeds that others see the fruit of. Toumaments We were able to once again host the National Christian Football Festival and the London Churches Football TournamenL These toumaments are well established and run very efficiently. We continued to run our Nottingham and Sheffield tovmaments and also one in nearby Doncaster, in order to serve more churches in the South Yorkshire area. One continuing encouragement is the partnership that we have WFth Morecambe FC community sports. They supported us in tunning a third annual girls, football festival, which was attended by 35 girls from all over the Morecambe Bay area. Our Wales leam, having attended tournaments in 2023, hosted a Welsh Churches football tournament in Cardiff in 2024. In addition to these event5, we also ran a tournament at a partner agency's annual gathering for men in a field near Swindon. Christian Vision for Men are very happy for us to host this tOLtrnamenL where we also then have the opportunity to invest in people who attend, connect with the churches they atlend and share Jesus through football {our three pillars). One tournament which is always appreciated by all who attend is the Genesis Cup. Started over ten years ago, It brings together men from across London. It has also expanded to include a project in Kent. The rnen attend our weekly sessions for homeless people and the Christrnas cup is a way for us to show our appreciation of them by awarding irophies and giving clothing to them. For some it is one of the few times they have been praised for their actions, due to the lives that they have lived up to that point. Being a kind player on the football pitch can always affect how people are off the field of play and for these homeless young people it is no exception. We also partner with State Street bank, who provide players and food for the occasion. Tours Our annual tour to Spain took place in September. As noted eadier a team of women visited Uganda in June. Other members of staff visited African nations and the USA to help deliver training to local partners which wa5 appreciated. We also partnered with the England FA to deliver kit to these locations and equipment. Fundraising activities In 2024 volunteers again supported us as they took part in Ride London and running fundraisers. Page 6 AMBASSADORS FOOTBALL UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRATEGIC REPORT Flnancial review Financial position As was noted in the report for 2023 there was a 51ight deficit in that year's full financial report V5 the budget set. In 2024, with continued robust monitoring of income and spending levels throughout the year, we were able to meet the objectives set in our budget and also increase our reserves. The ttU5tees were happy that this wa5 the case, as they had increased our required reseNe levels as at Au9USt 20241see below). Investment policy and objective5 The trustees aim to keep funds in savings accounts at least to the amount of the charity's reserve. The ieserve funds ale invested in low-risk law-return. short nolice, UK regulated deposit account5 (not exceedin9 £85,IX)O per financial institution), to preserve capital and ensure the funds are readily available if needed. The trustees will instruct the directors to estsblish an investment policy for use if and when funds are available for investing on a longer-term basis, however this has not been needed in 2024. ReseNes policy The absolute minimum level of reserves relie(ts the amount required to efficiently wind up the organisation should the need arise. Thi5 level was increased to £56,CIJO, representing the ststutory minimum notice periods of salary costs and other unavoidable expenses. The desirable level of reserves, reflects a desirable level of funding sufficient to meet three months of typical spending commitments should this be necessary. This level was increased to £71,IK)O, representing three months of salary costs and other unavoidable expenses, les5 a modest amount of residual donations. The free general unrestricted reseNes at 31 December 2024 were £85,137. Future plans The vision of Ambassadors Football, both nationally and internationally, is to see the tran5fomiation of individuals and communities through indigenou5 football outreach. We therefore long to see a church based football outreach movement of transformation impactin9 individuals and communities across the British Isles. As an expression of this long tem vision we will continue to have.. al Free unrestricted reserves in place. bl Well-resoLtrced staff on appropriate sustainable salaries. c} A growing nationwide network of trained volunteer5 implementing our programmes in their locality. dl A national strategy to train more local groups to serve their communities through football. We will continue to develop our network of partners and churches, especially with some larger denominations such as the Church of England, the Methodist church, the Baptist church and the Salvation Army. These denominations have specific people involved in developing strategy for sport through their ChU￿he5 and as such can offer a great resource of people for football programmes. Our new initiative of Ambassadors Football community days will help to foster this network of trained volunteers and partnership with the churches to which they belong. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Ambassadors Football Limited (formerly known as Ambassadors in Sport until 7 August 2013) was incorpor3ted a5 a company limited by guarantee (registered in England and Wales. Company No. 031725531 on 14 March 1996 and it was registered with the Charity Commission (Charty No. 1055422) on 16 May 1996. Re(￿ltment and appointment of new trustees As set out in the Articles of Association, Irustees other than those retiring by rotstion can only be appointed at a general meeting if111 they are recommended by existing tnJstee5 or12) the required notice has been given by a member entitled to vote of the intention to propose that person as a trustee and the required notice has been given to those entitled to receive notice of the meeting. Page 7 AMBASSADORS FOOTBALL UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCWRI GOVERNANCE AND MANAGEMEMT Ory•nlsatlonal structyr• Throu9hout 2024. the trustees have maintsined meeting regularfy as a Board. After the Rstrictions imposed by the government these rrEetings continued to be conducted virtually via video conferencing, with the meeting in September 2024 conducted in person. Additionally, individual Board members continue to be available via telephone. email Zoom aTrJ/or for meetings with the charity's directors. The directors continue to ￿p￿Sent the organisation via virtual conferences and where necessary face to face meetings with other international related parties (see section below), in terms of overseeing cooperation globally through the basis of shared vision and values. Indurtlon and tralnlry of n•w trustees The￿ were no new trustees appointed in 2024. Wkl•r netrlork 'Ambassadors Football, worldwide consists of independent national charities which have a relationship with the other offices by form of an Intemational Agreement. This is an arrangement between Ambassadors Football offices around the world expressirrfJ the desi￿ to cooperate together on the basis of shared values and vision. Rlsk m•na9•m•nt The trustees have a duty to identify and review the risks to which the charty Is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. In 2019 a risk register was estsblished that could be wrltten and then ￿vieWed on an on-going basis. This register was used during 2024 to ensu￿ all areas of the charitys governance were being reviewed on an ongoirmj basi& The main areas of review were: - A review of our GDPR policies arKJ procedures in order to maintain all legal requirements for our data. All stsff underwent annual appraisals of their work and action points were taken foNiard for implementation in 2025. - Our health and safety policies were wiewed and, where necessary, staff were trained in new Procedures relating to their work and working environmenL The sustsinability of the Ambassadors Football, offices undeThvent an ongoing review and the locations in Bolton, Morecambe and London vRre considered still to be viable, necessary and effective for the foreseeable fvtu￿. - Crisis contingency procedures were reviewed and tested for an overseas training programme and the systems appear to still be robjst. All safeguarding procedures undeTrvent a review in accordance with all legal requirements through our ￿￿mberShiP of Thityone:eighL an organisation which supports charities in its safeguarding procedures. We also agreed to conduct yearly review of our safeguardiThJ policy. One stsff member is responsible for this. A trustee was also appointed to oversee this aRa of our work and attended training by 31.8 for trustees. A subgroup was appointed to review ethical and theological issues which arise from time to time due to the natu￿ of our work. - A subgroup was formed to ￿vIeW financial issues as they arise. The first issue reviewed was the budget for 2025, which was set in late 2024 and approved by the board. This repjrt has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2(K6 relating to small companie& Report of the trustees, incorporating a strategic reporL approved by order of the Board of Trustees, as the company directors 15 September 2025 and signed on its behalf by. D E Money- TnJ5tee Page 8 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AMBASSADORS FOOTBALL UMrrED Independent examiner's report to the trustees of Ambassadors Football Limited I'the Company.) report to the charity trustee5 on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As the charitys trustees of the Company land a150 its directors for the purp05e5 of company lawl you are responsible for the preparation of the accounts in accordance with the iequirements of the Companies Act 20061.the 2CX)6 Act'}. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examination, I report in respect of my examination of your charity's accounls as carried out under Section 145 of the Charities Aci 2011 1.the 2011 Act.). In carrying out my examination I have followed the Direttions given by the Charity Commission under Section 14515) {bl of the 2011 Act. Independent examiner's stalement Since your charity's gross income exceeded £250.OW your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 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: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 ACL or the accovnts do not accord with those records,. or 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 the accounts have not been prepare(J in accordance with the method5 and principle5 of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102}}. I have no concerns and have come across no other matters in connection with the exarnination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. MrA Edwards FCA ACCA The Institute of Chartered Accountants in England and Wales Dunhams Chartered Accountants 11 Warwick Roacj Old Trafford Stretford Manchester M16 OQQ 15 September 2025 Page 9 AMBASSADORS FOOT8ALL UMtrED BALANCE SHEEr 31 DECEMBER 2024 . 2024 Total funds 2023 Total funds Unrestricted Restrfrt funds funds CURRENT ASSErs Debtors Prepayments and accwed income Cash at bank 13 7.905 4.768 103,338 7.905 4.768 144,799 5.597 3,691 97,379 41.461 116.011 4L461 157.472 106,667 CREDrroRS Amunts falliro due within one year 14 (30.874) {41,461) (72,3351 142,2031 NEf CURRENT ASSETS 85,137 85.137 64.464 TOTAL ASSEfs LESS CURRENT UABiufiES 85,137 85.137 64.464 NET ASSErs 85.137 85.137 64,464 FUNDS Unrestricted funds 15 85.137 64,464 TOTAL FUNDS 85.137 64,464 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 21x16 for the year ended 31 December 2024, members have not required the company to obtain an audit of its financial ststements for the year ended 31 December 2024 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 compty with Sections 386 and 387 of the Companies Act 2CKi6 and preparing financial ststements which give a twe 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 othemise compty with the requirements of the Companies Act 2006 relating to financial statements so far as applicable to the charitsble company. Ib) These financial ststements have been prePa￿d in accordance with the provisions applicable to charitsble companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2025 and were signed on its behalf by. D E Money - Trustee The notes form part of these financial statements Page 11 AMBASSADORS FOOTBALL Um￿ED STATEMENT OF FINANCIAL ACTivrriES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total fund5 Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 305.267 305.267 25L188 Charitsble activities Charitible activities 65.494 61.319 126.813 88.411 Other trading activities Investment income 3.176 2.255 3.176 2.255 3.550 1,951 Totsl 376.192 61.319 437.511 345,100 EXpEND￿uRE ON Raising funds Raising donations and legacies 57.118 57.118 49,830 57.118 57.118 49.830 Charilable actlvities Charitible activities 295.129 61.319 356.448 300,158 Other 3.272 3.272 3.131 Totsl 355.519 61.319 416.838 353,119 NET INCOMVIEXPENDrruRE) 20.673 20,673 18,019) RECONCtUATION OF FUNDS Total fund5 brought forward 64.464 64.464 72,483 TOTAL FUNDS CARRIED FORWARD 85.137 85.137 64,464 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes fom part of these financial statements Page 10 AMBASSADORS FOOTBALL UMrrED NOTES TO THE FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING pouaES Basis of p￿p4￿n9 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 IFRS 1021 '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 1021 (effective l January 20191,, Financial Reporting Stsndard 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 presentational currency of the accounts is GBP and rounding IS to the nearest £. The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. In¢•me 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. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when r￿e1Vable. Grants where entitlement 15 not conditional on the delivery of a specific pertormance by the charity, are recognised when the charity becomes unconditionally entitled to the grant Grants related to performance and specific deliverables are accounted for as the charity earns the right to consideration by its performance. Where grants and fees are received in advance of performance. their recognition is deferred and included in creditors. Legacies are included when the charity becomes entitled to the bequest and ihe amount receivable is capable of being utilised. Investment income is included when receivable. Incoming resources from charitable activities are accounted for when receivable. Gifts in kind and donated services and facilities are recognised when receivable where a value can be attributed with reasonable accuracy. Expenditure Liabilities are recogni5ed as expenditure as soon as there is a legal or constructive obligation commilting 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 meaSU￿d 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. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntsry income and the costs of trading for fundraising purposes. It incudes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 12 ontinued... AMBASSADORS FOOTBALL UMrrED NOTES TO THE FINANaAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES - continued Expendliure Charitable expenditure comprises those costs incurred by the charity in the delivery of it5 activities and service for its beneficiaries. It includes both costs that can be allocated dirertly to such attivities and those costs of an indirect nature necessary to support them. All costs a￿ allocated betsween the expenditure categories of the Ststement of Financial Activities on a basis designed to reflect the use of the resource. Costs ￿lating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. estimated usage. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and the audit fees and costs linked to the strategic management of the charity. Tangible fixed aMet$ Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings Computerequiprnent 20% on cost 33% on cost Taxation The charity is exempt from corporation tax on its charitsble activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted lunds earmarked by the Trustees for a particular purpose. Restricted fijnds 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. Pension costs and other post-retirement beneffts The charitable company operates a defined contribution pension scheme. Contributions payable to the charitsble company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 2024 2023 Donations Gift aid 271,344 33,923 226.127 25.061 305.267 251.188 Page 13 continued..- AMBASSADORS FOOTBALL UMrrED NOTES TO THE FINANaAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 OTHER TRADING AcnvrriES 2024 2023 Fundraising events Book income Sponsorships other income 1.428 14 300 IA34 1,649 47 1,152 702 3.176 3,550 INVEsfMENT INCOME 2024 2023 Deposit account interest 2.255 L951 INCOME FROM CHARrrABLE AcfiviTIES 2024 2023 Activity Charitible activities Charitible artivities Charitible artivities Charitible activities Charitible activities Charitible activities Football festivals Community coaching Football camps Grants Tour income Training 13.638 6.347 29.250 61.319 12.959 3.300 IL212 6,917 24,707 40.947 4,628 126.813 88,411 Grants received, included in the above. are as follows: 2024 2023 Souter Charitsble Trust Sir Halley Stewart Trust Awards for All Community Fund Silas Trust Rehoboth Trust The Willats Trust 124 16.354 2.824 18.284 3,839 16,000 33.198 1,300 10.343 61.319 40,947 RAISING DONATIONS AND LEGACIES 2024 2023 Staff costs Rent and premises cost5 Telephone Postage and statianery Sundries Fundraising Travel and subsistence Motor expenses 45.014 2.712 157 1,227 239 2.581 1,844 1,730 38.466 1632 1,425 752 2,103 1,740 1,791 Carried forward 55.504 49.073 Page 14 continued..- AMBASSADORS FOOTBALL UMrrED NOTES TO THE FINANaAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 RA151NG DONATIONS AND LEGACIES - continued 2024 2023 Brought forward Stsff welfare and training 55.504 1.614 49,073 757 57.118 49,830 CHARifABLE ACTIVtriES COSTS Direct Costs Charitible activities 356A48 SUPPORT COSTS Governance costs Other resources expended 3.272 NET INCOMV(EXPENDrruRE) Net income/lexpenditurel is stated Jfter charging/lcrediting)'. 2024 2023 Independent examiner remuneration 2.646 2.646 io. TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses During the year trustees were reimbursed for travel expenses totalling £Nil12023 £Nill. ii. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 275.135 16,700 8.260 235,808 13,558 7,067 300,095 256,433 Page 15 continued... AMBASSADORS FOOTBALL LIMITED NOTES TO THE FINANCIAL STATEhlENTS -