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← The Sir Stanley Matthews Foundation

2024-05-31-accounts

REGISTERED COMPANY NUMBER: 04137553 (England and Wales) REGISTERED CHARITY NUMBER: 1092803

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

The Sir Stanley Matthews Foundation

Ark Accountancy Limited Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX

The Sir Stanley Matthews Foundation

Contents of the Financial Statements for the Year Ended 31 May 2024

Page
Report of the Trustees 1 to 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14

The Sir Stanley Matthews Foundation

Report of the Trustees for the Year Ended 31 May 2024

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 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charitable company’s objectives and principal activities, as set out in its revised Articles of Association are: - “to support and encourage physical activity for children and young people regardless of gender, ability or background and to develop respect, dedication, perseverance, self-confidence, teamwork and a sense of community in any economic or social environment.”

Significant activities

The principal activities in the period under review were:

Public benefit

The Foundation have continued to give young people the opportunity to achieve, through the medium of sport, by providing access to coaching and the provision of courses to increase the number of grass-roots coaches available to young people across a variety of sports in order to enhance their opportunities to develop.

The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales

Volunteers

In addition to the Trustees, there were an approximate number of 18 volunteers who helped to deliver or administer coaching provision and promote local fundraising. This group together with other volunteers carried out all the activities of The Foundation. It is not possible to quantify the total hours input from these volunteers, but without their efforts the work of The Foundation would not have been possible.

Page 1

The Sir Stanley Matthews Foundation

Report of the Trustees for the Year Ended 31 May 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

Looking at our principle activities, we have seen a clear progression in all of our projects, outlined below:

slavery by their families, have subsequently been rescued by the authorities and now reside in a government children’s home until they attain the age of 18. The pilot phase of the project focused on providing sports coaching to help improve health outcomes and to provide focus and stability, and the second phase of the project will look at building on this to include bespoke private tutoring for the girls to bring them up to the same educational level as their peers. The girls have all suffered greatly and still remain very much at risk of further exploitation. This project provides an alternative pathway and our long term objective is to ensure all of the girls complete vocational qualifications, gain employment and get their lives back to some semblance of normality.

Page 2

The Sir Stanley Matthews Foundation

Report of the Trustees for the Year Ended 31 May 2024

. - The ongoing work of the Foundation in Staffordshire - This includes continuing to run free football training sessions at the Ormiston Sir Stanley Matthews Academy in Blurton and Tennis coaching, at Florence Tennis club in Longton. Under the expert instruction of coaches Alan Baxter, Andy Brookhouse and Nathan Turner, sessions are open to all children and young people, from 5-20 years old in various groups.

Investment performance

The current policy of the Trustees is to invest surplus funds into the growth of The Foundation. In its initial period of operation unutilised funds had been placed into a building society savings account which have now been closed. If the Foundation’s reserves grow to more significant proportions in the future a more formal investment policy will be devised by the Trustees. Donations made in previous years to the Staffordshire Community Foundation means that these, now externally held funds, are professionally managed via the Staffordshire Community Foundation’s professional fund managers Brewin Dolphin. While these funds sit formally outside of the Sir Stanley Matthews Foundation, they have been endowed such that they can only be applied on behalf of The Foundation, using identical criteria and grants policies. The remaining fund is still higher than its original donation and future income and growth will be drawn down, where available, to help fund charitable activities.

FINANCIAL REVIEW

Financial position

In common with other charities the charity follows the accounting requirements and principles for charities set out in the Charities SORP 2019.

During the year the Foundation continued its fundraising activities generating income of £29,842, a decrease from £40,275 received in the previous financial year. In respect of expenditure on charitable activities, this increased from £39,998 in 2022/23 to £40,873 in 2023/24.

Reserves policy

At present The Foundation remains at a stage of development where it has no staff costs and few ‘infrastructure’ overheads, as most of work is carried out by volunteers, or subcontracted. As such only a relatively small amount of reserves are required. The Trustees are mindful that the current increase in reach requires a more risk-based approach to the reserves policy and this is to be further developed over the financial year ending 30 May 2025. The Trustees are continuing to look at other fundraising initiatives to try and increase the level of general reserves.

FUTURE PLANS

Aims and key objectives for future periods

The immediate current plans are to continue to successfully deliver the ongoing SSMF projects and build on the work that has already been done. There also remain strong ambitions to work with other key sports bodies to widen reach and in particular use the consultancy arrangement with Paul Harbinson. In an effort to focus what the Foundation does it has been agreed that there will be three main areas of work which receive priority, benefitting the following groups:

By concentrating on these three areas it allows the Foundation to streamline our efforts and to build more bespoke programmes for specific groups, rather than more generalized programmes. The Foundation has also moved away completely from providing grants to individuals or organisations and now focuses entirely on developing it’s own projects. The Board will continue to pursue grant funding and other potential corporate or charitable foundation donors.

Page 3

The Sir Stanley Matthews Foundation

Report of the Trustees for the Year Ended 31 May 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Sir Stanley Matthews Foundation (“The Foundation”) is a company limited by guarantee and a registered charity. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. The Articles of Association were updated and revised in May 2019. The revised Articles were lodged with Companies House on 16th May 2019. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

The Foundation’s governing body is the Board of Trustees, who are, collectively also directors of the Charity for the purpose of the Companies Act. Trustees are appointed by nomination and resolution of the board and are required to seek re-election, if they wish to continue, when the three-year term of office, as set out in the Articles of Association, expire. Such re-appointments are by Directors’ resolution. Any Trustee who is re-appointed for two more additional terms and thereby has nine consecutive years in office, may be re-appointed by resolution of the Directors, providing the Directors consider it to be in the best interests of the Charity. The Foundation is now well established and the Board believes that within the Board membership, there was sufficient expertise to discharge the charitable obligations of the company. The Trustees keep this this situation under review.

Organisational structure

The Board of Trustees meets at least quarterly. Trustees are required to retire by rotation based on time served. Details of those Trustees who retired and sought re-election since the last report, are set out on page 3 of this report. Operations are governed by the Board of Trustees who control the operational development of the Foundation. Since the change in strategic direction in February 2019 it was felt necessary to relocate the geographical, key, decision-making focus from Stoke-on-Trent to Surrey and, this included grants and other funding approvals which has been taken back to board level. However, Alan Baxter a trustee and Director of Coaching maintains a North Staffordshire presence to oversee and administer existing local coaching schemes in that area. He attends board meetings and presents regular reports on the projects and coaching schemes which he oversees. Additionally, Paul Harbinson works on a consultancy basis, with the title ‘Chief Executive, and helps develop and manage new coaching networks as well as to developing and administering coaching modules and a coaching education strategy.

The Trustees keep the future development of The Foundation under review and, in particular the expansion of operations geographically. There are no full-time employees; the Trustees have always agreed that organizational structure would be reconsidered, if the size of The Foundation increases significantly over the coming years. The Trustees are continuing to keep under review what, if any, additional governance and staffing requirements might be necessary in the medium to long term.

Induction and training of new trustees

All current trustees are familiar with the practical work of the charity and are, in the main, 'hands on' in respect of the charitable activities of providing grants and bursaries and providing coaching courses. The Trustees have had specific briefings from The Foundation's advisors on certain legal and best practice requirements. New trustees are given a suitable induction covering an initial meeting with the Chairman and the Board of Directors, as well as an induction pack with main documents setting out the operational framework including Memorandum and Articles of Association, the current financial position as set out in the latest published accounts and Board and Steering Group minutes. All new Trustees are given a briefing on the obligations of the Trustee Group.

Risk management

The Board of Trustees has conducted a review of the major risks to which The Foundation is exposed. A risk register is established which is reviewed and updated regularly. Where appropriate, systems and/or procedures have been established to mitigate the risks the charity faces. Following the National Lockdown on 23rd March 2020 imposed due to Covid-19, Board Members held several videoconferencing meetings to discuss its impact on our projects. The project managers for both national and international projects were kept in close contact throughout, via email and telephone, for the Foundation to be confident that each country’s rules on the pandemic were being strictly adhered to within each individual project.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04137553 (England and Wales)

Registered Charity number

1092803

Page 4

The Sir Stanley Matthews Foundation

Report of the Trustees for the Year Ended 31 May 2024

Registered office

21 Franklin Court Wormley Godalming Surrey GU8 5US

Trustees

A D Baxter Mrs A H Bray Ms S J Davis Ms J F Gough M R Gough P Harbinson (appointed 10.8.23) S J Matthews

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Sir Stanley Matthews Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

Mrs A H Bray - Trustee

Page 5

The Sir Stanley Matthews Foundation

Statement of Financial Activities

for the Year Ended 31 May 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
14,242
EXPENDITURE ON
Raising funds
-
Charitable activities
Charitable Activities
25,948
Other expenditure
-
Total
25,948
NET INCOME/(EXPENDITURE)
(11,706)
Transfers between funds
8
(6,877)
Net movement in funds
(18,583)
RECONCILIATION OF FUNDS
Total funds brought forward
19,882
TOTAL FUNDS CARRIED FORWARD
1,299		 Restricted
funds
£
15,600
-
14,960
-
14,960
640
6,877
7,517
133,316
140,833		 31.5.24
Total
funds
£
29,842
-
40,908
-
40,908
(11,066)
-
(11,066)
153,198
142,132		 31.5.23
Total
funds
£
40,275
418
35,705
3,875
39,998
277
-
277
152,921
153,198

The notes form part of these financial statements

Page 6

The Sir Stanley Matthews Foundation

Balance Sheet

31 May 2024

31.5.24 31.5.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 433 123,647 124,080 127,955
CURRENT ASSETS
Cash at bank 1,560 17,186 18,746 25,903
CREDITORS
Amounts falling due within one year 7 (694) - (694) (660)
NET CURRENT ASSETS 866 17,186 18,052 25,243
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,299 140,833 142,132 153,198
NET ASSETS 1,299 140,833 142,132 153,198
FUNDS 8
Unrestricted funds 1,299 19,882
Restricted funds 140,833 133,316
TOTAL FUNDS 142,132 153,198

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 February 2025 and were signed on its behalf by:

A H Bray - Trustee

The notes form part of these financial statements

Page 7

The Sir Stanley Matthews Foundation

Notes to the Financial Statements

for the Year Ended 31 May 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Sir Stanley Matthews Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Summary of disclosure exemptions

As a small charity the entity has taken advantage of the amendments to FRS102 contained in Update Bulletin 1 issued February 2016. Exemptions have been taken in relation to financial instruments, presentation of a cash flow statement, intra-group transactions and remuneration of key management personnel.

Income and endowments

Voluntary income, including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

No amounts are included within the financial statements for time and services donated by volunteers due to the impracticality of calculating such sums.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable, settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises of those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

In the absence of a formal cost allocation system, the trustees believe it is fair to allocate these costs to each charitable activity, in proportion to the direct expenditure incurred on those activities

Governance costs

These include the costs attributable to the Charity's compliance with constitutional and statutory requirements, including audit, strategic management, Legal advice and Trustee's meetings and reimbursed expenses.

Tangible fixed assets

Fixed assets are stated at cost less accumulated depreciation. The only fixed assets included are the statue of Sir Stanley Matthews and the surrounding lighting. These were transferred on the 31 May 2006 and as such no depreciation was charged in the SOFA in that year. Depreciation from that date will be provided at rate calculated to write off the cost of each asset over its expected useful life. In the case of the statue this is expected to be 50 years.

continued...

Page 8

The Sir Stanley Matthews Foundation

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

1. ACCOUNTING POLICIES - continued

Taxation

charityThe Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting

Unrestricted income funds are general funds that are available for use at the trustee’s discretion in furtherance of the objectives of the Charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Going concern

The trustees have considered the key matters which could affect the ability of the charity to continue as a going concern. They have concluded the charity has sufficient resources it continue in operational existence for the foreseeable future. Accordingly, they believe it remains appropriate to adopt the going concern basis in preparing the annual financial statements.

2. DONATIONS AND LEGACIES

----- Start of picture text -----
|||| |---|---|---| |31.5.24|31.5.23| |£|£| |Donations|13,742|8,581| |Grants|16,100|31,694| |29,842|40,275| |2023|2022| |Onside Soccer| |Anaka Uganda|0|900| |Chennai India|0|450| |Kratos Ghana|0|900| |0|2,250| |Yorkshire Cricket|0|2,500| |Total|0|4,750|

----- End of picture text -----

3.

NET INCOME/(EXPENDITURE)

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

----- Start of picture text -----
|||| |---|---|---| |31.5.24|31.5.23| |£|£| |Depreciation - owned assets|3,875|3,875|

----- End of picture text -----

continued...

Page 9

The Sir Stanley Matthews Foundation

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
29,775
EXPENDITURE ON
Raising funds
418
Charitable activities
Charitable Activities
29,121
Other expenditure
14
Total
29,553
NET INCOME
222
Transfers between funds
(1,892)
Net movement in funds
(1,670)
RECONCILIATION OF FUNDS
Total funds brought forward
21,552
TOTAL FUNDS CARRIED FORWARD
19,882
6.
TANGIBLE FIXED ASSETS
COST
At 1 June 2023 and 31 May 2024
DEPRECIATION
At 1 June 2023
Charge for year
At 31 May 2024
NET BOOK VALUE
At 31 May 2024
At 31 May 2023		 Restricted
funds
£
10,500
-
6,584
3,861
10,445
55
1,892
1,947
131,369
133,316		 Total
funds
£
40,275
418
35,705
3,875
39,998
277
-
277
152,921
153,198
Fixtures
and
fittings
£
193,830
65,875
3,875
69,750
124,080
127,955

continued...

Page 10

The Sir Stanley Matthews Foundation

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrued expenses
8.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Statue
Community Foundation
Hillcrest & Louis
Sported
Edward Gosling Foundation
Shanley Foundation
Children's Trust
City Bridge Trust
True Colours
Groundwork
North London United
TOTAL FUNDS		 At 1.6.23
£
19,882
127,508
-
2,000
1,500
2,000
308
-
-
-
-
-
133,316
153,198		 Net
movement
in funds
£
(11,706)
(3,861)
2,000
778
-
-
-
(877)
6,500
1,100
1,000
(6,000)
640
(11,066)		 31.5.24
£
694
Transfers
between
funds
£
(6,877)
-
-
-
-
-
-
877
-
-
-
6,000
6,877
-		 31.5.23
£
660
At
31.5.24
£
1,299
123,647
2,000
2,778
1,500
2,000
308
-
6,500
1,100
1,000
-
140,833
142,132

continued...

Page 11

The Sir Stanley Matthews Foundation

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

8. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 14,242 (25,948) (11,706)
Restricted funds
Statue - (3,861) (3,861)
Community Foundation 2,000 - 2,000
Hillcrest & Louis 5,000 (4,222) 778
Children's Trust - (877) (877)
City Bridge Trust
6,500 - 6,500
True Colours 1,100 - 1,100
Groundwork 1,000 - 1,000
North London United - (6,000) (6,000)
15,600 (14,960) 640
TOTAL FUNDS 29,842 (40,908) (11,066)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Statue
Hillcrest & Louis
Sported
Edward Gosling Foundation
Shanley Foundation
Children's Trust
UK project Stoke
TOTAL FUNDS		 At 1.6.22
£
21,552
131,369
-
-
-
-
-
-
131,369
152,921		 Net
movement
in funds
£
222
(3,861)
2,000
1,500
2,000
308
(1,657)
(235)
55
277		 Transfers
between
funds
£
(1,892)
-
-
-
-
-
1,657
235
1,892
-		 At
31.5.23
£
19,882
127,508
2,000
1,500
2,000
308
-
-
133,316
153,198

continued...

Page 12

The Sir Stanley Matthews Foundation

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

8. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 29,775 (29,553) 222
Restricted funds
Statue - (3,861) (3,861)
Hillcrest & Louis 5,000 (3,000) 2,000
Sported 1,500 - 1,500
Edward Gosling Foundation 2,000 - 2,000
Shanley Foundation 2,000 (1,692) 308
Children's Trust - (1,657) (1,657)
UK project Stoke - (235) (235)
10,500 (10,445) 55
TOTAL FUNDS 40,275 (39,998) 277

9. RELATED PARTY DISCLOSURES

The charity engages Mr Paul Harbinson as a consultant with the title Chief Executive. Consulting fees totalled £11,550. In his role he has the ability to commit the charity to certain expenditure, but only as agreed by and directed by the Board. He also has input into advising on projects to be funded by the Foundation. During the year under review The Sir Stanley Matthews Foundation worked in partnership with Onside Ministries on projects in Ghana, Uganda and India and committed funding of £1400, £1000 and £500 respectively. This funding was used as described in the main body of the report and the expenditure was unanimously approved by the Board.

During the year, other than the above, the Charity made no related party transactions and no reclaim of expenses by Trustees.

Page 13

The Sir Stanley Matthews Foundation

Detailed Statement of Financial Activities for the Year Ended 31 May 2024

Detailed Statement of Financial Activities
for the Year Ended 31 May 2024
31.5.24 31.5.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 13,742 8,581
Grants 16,100 31,694
29,842 40,275
Total incoming resources 29,842 40,275
EXPENDITURE
Raising donations and legacies
Fundraising costs - 418
Charitable activities
Courses 14,306 12,116
Course equipment 10,172 5,133
Support costs 24,478 17,249
Management
Travel & subsistence - 653
Consultancy 11,550 16,200
Admin costs 311 930
Fixtures and fittings 3,875 3,875
Governance costs 15,736 21,658
Independent examiners fee 660 660
Confirmation statement 34 13
694 673
Total resources expended 40,908 39,998
Net (expenditure)/income (11,066) 277

This page does not form part of the statutory financial statements

Page 14