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 2025
for
The Sir Stanley Matthews Foundation
Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW
The Sir Stanley Matthews Foundation
Contents of the Financial Statements for the Year Ended 31 May 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
The Sir Stanley Matthews Foundation
Report of the Trustees for the Year Ended 31 May 2025
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 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.
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The ongoing development of projects in Ghana and Uganda
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The ongoing development of a project in India supporting formerly trafficked girls
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The development of our work in Leeds
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The ongoing development of our work with North London United
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The ongoing work of the Foundation in Staffordshire
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The development of a new football project in Belfast
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The development of a new golf project for under-represented communities in London in conjunction with a new youth leadership programme
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 10 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.
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The Sir Stanley Matthews Foundation
Report of the Trustees for the Year Ended 31 May 2025
ACHIEVEMENTS AND PERFORMANCE Charitable activities
Looking at our principle activities, we have seen a clear progression in all of our projects, outlined below:
- The ongoing development of projects in Ghana and Uganda. To carry on the legacy of Sir Stanley Matthews it has always been a target of the Foundation to develop projects outside the UK. After his retirement from professional football, Sir Stanley spent many years working with young people across the world, and the Foundation has developed three specific projects to carry on his legacy. Our football project in Ghana is based in the Kasoa region of the country and is led by Mathias Donkor. The principle objective of the project has been to give underprivileged children and young people access to high quality football coaching, to learn the fundamentals of the game and to have a pathway to progress should they so desire. Working in conjunction with the Ugandan children's charity, the Abato Foundation, and UK football charity, Onside Soccer, the Sir Stanley Matthews Foundation has funded the set up a project in Anaka in northern Uganda, working both with former child soldiers and young people forced to flee their homes due to the conflict. We have helped to set up a team of coaches to provide free football training sessions 2-3 times per week to anyone who wants to come along and we have funded the employment of a specialist trauma counsellor to work with young people affected by the conflict. Anaka was the biggest IDP (Internally Displaced Persons) camp in the whole of northern Uganda with close to 500,000 people living there in very basic conditions. Every family in the area, almost without exception, was affected and generally each family has had at least one child abducted and recruited into the LRA rebellion. A lot of these child soldiers lost their lives during the war and those that did return came back traumatized. Alcohol dependency is now rife in the area, HIV prevalence is also high and a large number of people have been maimed in the conflict, with many people missing limbs and unable to work or see a future for themselves. In a region so devastated by conflict it is difficult to see how to address the problems left behind. People's lives have been utterly ripped apart but it is our hope and desire that this project will bring some light into even the darkest of situations, giving young people the chance to play the sport that they love s o much in a safe environment.
- The ongoing development of our new project in India , supporting formerly trafficked girls - One of the key objectives of the Foundation is assisting children and young people affected by conflict or trauma and to that end we launched a new project in India in 2023, providing support for girls rescued from human traffickers. This project is based in Chennai and works with approximately 70-90 girls in total. The girls have either been kidnapped or sold into 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 we have been able to move on to the second phase of the project which includes bespoke private tutoring for the girls to bring them up to the same educational level as their peers, vocational training and also counselling. This project has been a real success story and it has been having a very positive impact on the girls in the time that it has been running, with increased confidence and health outcomes as well as better educational outcomes at school.
- The development of our work in Leeds - we have worked in the Leeds area since 2019, at that time in partnership with the Yorkshire Cricket Foundation, and our work in the city still carries on, currently in partnership with the Community Champions project run by Craig and Sam Gilmore. Our work is mainly in the Beeston area of the city, an area of high deprivation. This project delivers free football coaching for children and young people 2-3 times per week, a young leaders programme and also much needed stability and support for the many attendees who come along each week.
- The ongoing development of our work with North London United - North London United is a football club for children and young people with Down Syndrome. In partnership with Krome21 we help facilitate weekly training sessions for approximately 20 children and young people each week, with sessions held at the Arsenal Hub in Islington. Under the leadership of Harold Bennett this is an excellent programme which plays an important role within the local community.
- The ongoing work of the Foundation in Staffordshire - This project focuses solely on 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. This has proven to be a very successful project and has had one player now go on t o represent Staffordshire at county level.
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The Sir Stanley Matthews Foundation
Report of the Trustees for the Year Ended 31 May 2025
- The development of a youth leadership and golf programme in London - Although the focus of the Foundation has been traditionally football, we launched a new golf programme in 2024 which has increased in popularity and now has around 25 regular participants learning to play the game but also participating on our mentorship programme. Thanks to funding from Go London we have been able to expand this programme to include a youth leadership and training element, which will be further developed over the next two years.
- The development of a new football project in Belfast - The Foundation has been keen to develop across the UK and this year, under the leadership of Phil Kane, we were able to launch a new project in Belfast. This project works in north and west Belfast, using football as a tool to break down barriers and to bring young people together. While this programme is still in its infancy, we were able to host a cross community tournament in the Shankill Road area of the city but also invite other teams from neighbouring communities, which proved to be popular, and it is our hope to build on this early success in the next 2-3 years.
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 £35,345 an increase from £29,842 received in the previous financial year. In respect of expenditure on charitable activities, this decreased from £40,873 in 2023/24 to £39,492 in 2024/25.
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 31 May 2026. 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:
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Those disadvantaged through poverty
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Those disadvantaged through conflict or trauma
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Those disadvantaged through disability
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
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The Sir Stanley Matthews Foundation
Report of the Trustees
for the Year Ended 31 May 2025
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.Paul is also responsible for applying for all funding received by the Foundation to support its projects. Many of the funding applications Paul makes are for specific projects, although some remain general grant and funding requests to support any projects we choose.
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04137553 (England and Wales)
Registered Charity number
1092803
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The Sir Stanley Matthews Foundation
Report of the Trustees for the Year Ended 31 May 2025
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 (resigned 25.9.25) R W Gough (resigned 17.8.24) P Harbinson S J Matthews Approved by order of the board of trustees on 28 February 2026 and signed on its behalf by:
Mrs A H Bray - Trustee
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The Sir Stanley Matthews Foundation
Statement of Financial Activities
for the Year Ended 31 May 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 2,800 EXPENDITURE ON Charitable activities Charitable Activities 1,640 Other expenditure 794 Total 2,434 NET INCOME/(EXPENDITURE) 366 RECONCILIATION OF FUNDS Total funds brought forward 1,299 TOTAL FUNDS CARRIED FORWARD 1,665 |
Restricted funds £ 32,545 37,028 - 37,028 (4,483) 140,833 136,350 |
31.5.25 Total funds £ 35,345 38,668 794 39,462 (4,117) 142,132 138,015 |
31.5.24 Total funds £ 29,842 40,234 674 40,908 (11,066) 153,198 142,132 |
|---|---|---|---|
The notes form part of these financial statements
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The Sir Stanley Matthews Foundation
Balance Sheet
31 May 2025
| 31.5.25 | 31.5.24 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 6 | 419 | 119,786 | 120,205 | 124,080 | |
| CURRENT ASSETS | ||||||
| Cash at bank | 1,906 | 16,564 | 18,470 | 18,746 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | 7 | (660) | - | (660) | (694) | |
| NET CURRENT ASSETS | 1,246 | 16,564 | 17,810 | 18,052 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 1,665 | 136,350 | 138,015 | 142,132 | ||
| NET ASSETS | 1,665 | 136,350 | 138,015 | 142,132 | ||
| FUNDS | 8 | |||||
| Unrestricted funds | 1,665 | 1,299 | ||||
| Restricted funds | 136,350 | 140,833 | ||||
| TOTAL FUNDS | 138,015 | 142,132 |
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
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 February 2026 and were signed on its behalf by:
A H Bray - Trustee
The notes form part of these financial statements
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The Sir Stanley Matthews Foundation
Notes to the Financial Statements for the Year Ended 31 May 2025
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.
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...
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The Sir Stanley Matthews Foundation
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
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
3.
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.5.25 | 31.5.24 | |
| £ | £ | |
| Donations | 6,795 | 13,742 |
| Grants | 28,550 | 16,100 |
| 35,345 | 29,842 | |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.5.25 | 31.5.24 | |
| £ | £ | |
| Depreciation - owned assets | 3,875 | 3,875 |
4. 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.
Trustees' Expenses are signed off by two Trustees. Total expenses claimed for the year ended 31 May 2025 are £1,100 (£2024 £1666.28) detailed by payment and attributed where appropriate to corresponding Project or to 'General Expenses' which require a personal card payment and not a company bank payment.
continued...
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The Sir Stanley Matthews Foundation
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 14,242 EXPENDITURE ON Charitable activities Charitable Activities 25,274 Other expenditure 674 Total 25,948 NET INCOME/(EXPENDITURE) (11,706) Transfers between funds (6,877) Net movement in funds (18,583) RECONCILIATION OF FUNDS Total funds brought forward 19,882 TOTAL FUNDS CARRIED FORWARD 1,299 6. TANGIBLE FIXED ASSETS COST At 1 June 2024 and 31 May 2025 DEPRECIATION At 1 June 2024 Charge for year At 31 May 2025 NET BOOK VALUE At 31 May 2025 At 31 May 2024 |
Restricted funds £ 15,600 14,960 - 14,960 640 6,877 7,517 133,316 140,833 |
Total funds £ 29,842 40,234 674 40,908 (11,066) - (11,066) 153,198 142,132 Fixtures and fittings £ 193,830 69,750 3,875 73,625 120,205 124,080 |
|---|---|---|
continued...
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The Sir Stanley Matthews Foundation
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
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 (Leeds Project) Sported Edward Gosling Foundation Shanley Foundation City Bridge Trust (North London United) True Colours Groundwork Horton Park Golf Onside Soccer Go London fund Ison Travel (India) Belfast Ghana Uganda TOTAL FUNDS |
At 1.6.24 £ 1,299 123,647 2,000 2,778 1,500 2,000 308 6,500 1,100 1,000 - - - - - - - 140,833 142,132 |
Net movement in funds £ 366 (3,861) - (4,618) (1,500) (2,000) (308) 375 - - 952 (250) 8,300 410 (583) (900) (500) (4,483) (4,117) |
31.5.25 £ 660 Transfers between funds £ - - (2,000) 4,778 - - - (2,911) (1,100) (1,000) - 250 - - 583 900 500 - - |
31.5.24 £ 694 At 31.5.25 £ 1,665 119,786 - 2,938 - - - 3,964 - - 952 - 8,300 410 - - - |
|---|---|---|---|---|
| 136,350 | ||||
| 138,015 |
continued...
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The Sir Stanley Matthews Foundation
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
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 | 2,800 | (2,434) | 366 |
| Restricted funds | |||
| Statue | - | (3,861) | (3,861) |
| Hillcrest & Louis (Leeds Project) | 5,000 | (9,618) | (4,618) |
| Sported | - | (1,500) | (1,500) |
| Edward Gosling Foundation | - | (2,000) | (2,000) |
| Shanley Foundation | - | (308) | (308) |
| City Bridge Trust (North London United) | |||
| 9,375 | (9,000) | 375 | |
| Horton Park Golf | 2,650 | (1,698) | 952 |
| Onside Soccer | - | (250) | (250) |
| Go London fund | 13,900 | (5,600) | 8,300 |
| Ison Travel (India) | 1,620 | (1,210) | 410 |
| Belfast | - | (583) | (583) |
| Ghana | - | (900) | (900) |
| Uganda | - | (500) | (500) |
| 32,545 | (37,028) | (4,483) | |
| TOTAL FUNDS | 35,345 | (39,462) | (4,117) |
continued...
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The Sir Stanley Matthews Foundation
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.6.23 in funds £ £ Unrestricted funds General fund 19,882 (11,706) Restricted funds Statue 127,508 (3,861) Community Foundation - 2,000 Hillcrest & Louis (Leeds Project) 2,000 778 Sported 1,500 - Edward Gosling Foundation 2,000 - Shanley Foundation 308 - Children's Trust - (877) City Bridge Trust (North London United) - 6,500 True Colours - 1,100 Groundwork - 1,000 North London United - (6,000) 133,316 640 TOTAL FUNDS 153,198 (11,066) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 14,242 Restricted funds Statue - Community Foundation 2,000 Hillcrest & Louis (Leeds Project) 5,000 Children's Trust - City Bridge Trust (North London United) 6,500 True Colours 1,100 Groundwork 1,000 North London United - 15,600 TOTAL FUNDS 29,842 |
Transfers between At funds 31.5.24 £ £ (6,877) 1,299 - 123,647 - 2,000 - 2,778 - 1,500 - 2,000 - 308 877 - - 6,500 - 1,100 - 1,000 6,000 - 6,877 140,833 - 142,132 Resources Movement expended in funds £ £ (25,948) (11,706) (3,861) (3,861) - 2,000 (4,222) 778 (877) (877) - 6,500 - 1,100 - 1,000 (6,000) (6,000) (14,960) 640 (40,908) (11,066) |
|---|---|
continued...
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The Sir Stanley Matthews Foundation
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
9. RELATED PARTY DISCLOSURES
The charity engages Mr Paul Harbinson as a consultant with the title Chief Executive. Consulting fees are £1250 per month and attributed across active projects for their administration and management. 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 is responsible for raising funds and applying for grants for ongoing and prospective projects 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, and approved expenses, the Charity made no related party transactions.
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The Sir Stanley Matthews Foundation
Detailed Statement of Financial Activities for the Year Ended 31 May 2025
| Detailed Statement of Financial Activities for the Year Ended 31 May 2025 |
||
|---|---|---|
| 31.5.25 | 31.5.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 6,795 | 13,742 |
| Grants | 28,550 | 16,100 |
| 35,345 | 29,842 | |
| Total incoming resources | 35,345 | 29,842 |
| EXPENDITURE | ||
| Charitable activities | ||
| Courses | - | 14,306 |
| Course equipment | - | 10,172 |
| - | 24,478 | |
| Support costs | ||
| Management | ||
| Consultancy | 31,956 | 11,550 |
| Admin costs | 2,937 | 311 |
| Freehold property | 14 | 14 |
| Fixtures and fittings | 3,861 | 3,861 |
| 38,768 | 15,736 | |
| Governance costs | ||
| Independent examiners fee | 660 | 660 |
| Confirmation statement | 34 | 34 |
| 694 | 694 | |
| Total resources expended | 39,462 | 40,908 |
| Net expenditure | (4,117) | (11,066) |
This page does not form part of the statutory financial statements
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