Stoke City Community Trust (A Company limit by Guarath) Compw RewS1 No. 04875877 R¢ed Qwity No. 1104(#)6 A7 14102r2024 cOANIEs HOUSE
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Stoke City Community Trust CONTENrs TRUSTFES. ANTrIUAL REPORT STATEM OF TRUSTEES. RESPONSIBILMFS tN THE F1tEPARATIONOF FINANCIAL STATEMEKrs tNDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF STOKE Cy COMMUNITY TRUST . Accoubrr) 13 BALATrKE SHEEr 14 sTATEmETr OF CASH FLOWS 15 ACCOtsKrtNG POLICIFS 16 19
Stoke City Community Trust TRUSTEES. ANNUAL IIEPORT IIEFERENCE AND ADMINISTRATIVE DETAILS IlfM(K COMPANY REGISTrATION NUMBER 05 COMPANY SECRETARY J Pellit R Helk) (R&%181 11 Nov 2022) G Mdlor D Smith J Pelli]¥ C Iwelumo S King J Morris (MBE) AUDITOR RSM UK AlltLLP F¢5tivai Way STI 5BB BANKERS Barclays Bank plc 118 High Street Nthvcastle•under.Lyme ST5 Ivr REGISTERED OFFI bets65 Stsdium Stoke on Txgnt Staffordshi Enand ST4 4F Page I
Stoke City Community Tn]st TRUS7EES' ANNUAL REPORT Trnstees. AttM¥l Report The Report and Financial Siatemenl4 vknich Rlak totheYearend 31 Aiigitst 2023. are Ntsented by the Trustees of Stoke City Commillllty TrusL who Te also Directs ofthe Charitable Company for Ihe purposes of ¢harity llw. Structsre c0venee 2lld Ma e4llent Stoke Cty Community Trust is aa>rnpany limiled bYgUara and thes nrthlve sharn witsi. It is governed by the Mernoranth and Article5 of AsxKiatico dated 18 July 2014 aTMI became aregiste charity on 28 May 2004. A reviEWSyStem is in place to monttOT the in¢om< exwjth and Fthance of TTUSL This ensu9 that.appropri mwement informJtion is produtd on a regular boSi5 irt1udl an annual bw. The budget is approved by the who" also rncet rEgulty to CODsiderthe fllMDcial results and identify iDlment of Tntsteos The skillset of the board ofTru5tets is reviewed compartd to the requirernents of the charity to achieve its objectives. Where there aye gaps. the TnLStees seek to avrniaPpOInknCnts of It1¥1dUaIS with the reqllid skills ¢xperienc¢s by an 0[ r1ttl proces% Trustee iDdudlott trx All new TnLStees reLeive an induction meeting with the Chair of Tnksttts arml then sd time with Ihc ehatlty'5 management tem observingknw the dwity's objective5 tht¢v•L Should any additional speciatised lrnining b¢ r¢quitEd then aFyoptiate training rnt¥ements are in place. Rtsk mg ement The TnLStees review the major iisks * whieh the clty ts ¢xp)wJ . in p8rtscular. Rl&ting to the operations and finr£s. #Thj satisfied thatSy5t¢n>s and Pred(C5 aTe in plwxtornitigalEany ewosure. The principal risk.identified by tr Trle¢S is Safe8U In additio procedures Iw Ixit in pl¥¢¢ to effjure c(ryliance with hBalth and safety Wlalion for staff ènd all those who partiripatr in the Tn'S a¢tivities. A Safeguarding Working Grp en5wes that all regulations are adheted to with regard to conlttct with thildren ood vulnerable adults. Reserve4 The TrrJ5¢s have examiJd the ¢lwity's wuiMDeots for resuyes in the light of the main risks to the Or11satiOn. It has established a policy Ithby unrestrictrd fimd4 not CA>mmitted OT invested in tangible fixed held by lh¢ charity (which equal flee r¢5¢fFes). Stld b¢ no than 12 monts of the unrtstri¢kd staff ¢mployment expendIll of the thrity. Free reserve5 * 31 Aug1 2 weTe £1.041k (2022: £982k). In the cufftnt xonomi¢ ¢lim4teth¢ Trustees cortstder it pnxlenl to keep the free reserves at this level but will reFiew the &1¢Y should there a strnng commercial or oprrattonal reason to do so. P47ge 2
Stoke City Community Trust TRUSTEES. ANNUAL REPORT IDtsrnalContro includiD&" An Annual Budgd 8pprov&lby the TTuslees •Regular wn5ider8tion of fmatKial results ldentification and managementof risks of the Public Benefft requirrtnenL FiDuei41 Review below: Restricted In¢om¢: Uor&strled Incomv. Total Jneome: Tot1 R£wuTttsExp¢od¢d. 754 I,5 1.759 1577 929 1,655 204 982 iJ86 Tot1 Reserves: Stok¢ City COMMlty Trwst's objYeS •rt to promotc any eJ4ripwp(w forthe geoeral bBn¢fit of the eommwiity andin PaTti¢ular th(Ée livingaThl &rossNotth Stsffordthr< Southcheshite and thesurrounding ar The TTU5t uses the p)wer and pa%5iOtL&ssociated with the football clubto ajake aposittve difftrence to the health. wellb2ing artd life outcornes of participts wtho engage in its progrnmts atyl ¥tivities. All sessions provide 8 platfonn lo rnluce t4ryiexs topartscipatiOD whilst prnmoti qu1. divwsity and inelusioti withinthe commlty. Th¢ TTUSt's projects 3im tots¢kle KIal is5 Incl mentsl hMielessne4 poverty and environmentsl. It also scek4 to swrt PIC via sports provisio CopetIOnl ge1 wellbeing ctivttie4 weight managemeni work re¥dy & employMt sessiors and community bd diversion8ry activities. &5 well &$ 18rgeted intenTentions irKlwbng po0rxhC belw10. erimin8J ¢xploitstioo bevethet and traum& The Trust believes that its influence rtach wlll allow people to rnake ajxisitive difference to th¢it IMltt4 wellbeing and lifr outcom&s. s181 welfare and life improvemenL 8od consider its main tiviti4s to fith this a the PTOViSiOD of Pdge 3
Stoke City Community Trust TRUS7EFS' ANNUAL REPORT Th¢ Tnst's main adivilies are bekw. Athi¢VeMets Perforjnarytt The Tn'S main achievements are based upon itspeople. P&bShIpS aEhJ its impa¢L Its Frf0llhan is b&d wx)n its ability to ¢onfinu¢ to deliver high quglity sehViCeS 4nd iftter4entions to the coromuniti¢s of providing supwrt to those in ne The Trust a committed aTr] skille4J w0fOr of 53 fu1l.time¢0ntr memt¢£s of 31 wuai stsfj who atm to engag¢ and iTh5pire Etopk on a daity b&si The Priority Alws ofthe Tn I. PTiority Area l.Heaith & Well Priority Area 2.FAlUCatio FJnploy#bility & Skius Priority Atea3.Sport & C¢lty Inclusion & Wellbe Oyer the p35t 12 month5 the Health & wellbeiDgdq>UthK Iw tiCed an in¢w io for its 5ervicts and in order to best help the10¢41 commiw. via the Tn.5 Nch and infiuence. it has been es5enti41 to maintoin partn31P5 with the Midlands PthTship Foun Tru0 IMPFf). Together Activ& Everyolle's Aeahty StaffoTdkn County CcAllKii North Stsfford5hire Combined Health¢ TIltsL A good example of this ¢ollaboration w&s the'Slok¢ Social. pmjtti whh is a free everttseld every Wrjlnesday that provides a safe space for Individ to med new peopl4 ty nv aclivilies. such 18 bin8lX chair.based exerci and simply to so¢iati* over a cup ofcoffeehe& The evetrtakn hes links with local servtcffj such ls Hotne Instead and North Stsffordthire Combined Hea in order to Provide an opportiuiity to allow particirAnts w discuss any health I1. home Iivu)8 issu¢s they may h8v< in a relaxed and infoTinal cnviwnmenL Throughout the yearthe TrLst delivered avariety of intrnDtion5 sttvices that included: Stoke Memories (D¢martia Pro¢) Walking F&)tb811 A Gknie of Two Hol Talk Suicid¢ Potter5 tkmentia WelliwGroup (Weekty Meet) Potte At¥)ut Longcovid Mental Wellking {Schools) Fit FaTkS Potters He41th Hub Mums, Fooiball Aiming HI Adivities Page 4
Stoke City Community Trust TRUSTEES, ANNUAL REPORT Edu10 S¢oke City Community Trust is cotThDittsJ d¢livtty of tdi the Siars and ]Mpi$ projecty. The Tnt part of a ¢ony)rtiuth that &liV¢d th¢ Yoth Employroert tsl Skilb (YE8) PloiL This w&$ a collalx)ration PTOj¢¢t bCen V&10 OTg8nisthon% includingthe Commimity Renewal Fund 8nd Stoke-oTrTrent City CounciL delivered in Stoke-OD-Tmll to help 1&24 year olds build tbexr confidence and skills in preparation fOreducio trathing or employmenL 'Keep Stokesmilll' was named asthe EFL Ch8mpiortship's Cornm1ty Proied of the Season. The educational work was d¢liv¢Ted to acoo5id¢rabi¢ nwnbtr of schoots Fyoviding important dentsj and oral health inforniation and rne5sagi This was an initiative developed as a resp5¢ to Stoke-on-Trent's adverse p)sitioTh in to)th abstraction lea tables having ac4)nsiderable PTOFKKtiOD of the city's ¢hildren sufftring from tooth de¢ay. Each P11 ertd theprogr8mme rtteTved a tthbn flridb&d ioothpaste and a dentsl eAtIonal leafiet for knth pupil Fent In orderto assess its iTnpacl pre and post workshop questiotU1reS were t4)mpletsl by Fwthermort. all participating 5ch¢Jols were en¢ouraged to go'Fi72 Free. and w CO1n¢ wiihthe d1 and oral health l¢•mitt& This prnjectwas provid¢d to the parti¢ipaiits free of charye and due to the rrelatiOn between xxiai deprivation and poor healthca it priorilized 1m)IS inthe u10 depriv areas of the city. 'Post 16 opti.. Whtlstthe TnLfjt eonfjnued is parther5hip with Stokt on Trent ColleN this year it develOd a new with S8TrJb4¢h Hith S¢ky)oVSixih Forni providing fty)tioll development oprtunItieS ftsr foDaieplayers whi15tin edwatio The fiTStyear of the FOundIOn Dewe in Cornmunity F(x)thall Coxhing and deve1qent wimessed the majority of the sttthts Completilthe fll5t yearof their COUts& Th¢ turther and hIgredUcatIon player edLUtion pathway5. Th)w iri pkn. should PTOVi(k a rou for pupils to further develop theiT skills as players and coache& Premier League In5Pirts Youth Employment and Slails (YES) FuThl Trnineeships P05t 16 Ftball & EdatIOn A¢lemy The Foundation Degree in Communty Football C(1ng aThl Development AitllingHigh mrnUDi The Footho11 and Sports Development teams continue to attract with the Tru,5 foottMII.b18ed activities providit)g a pathway into the Club's Ac•J¢my. The Internalional Soccer Sdwl programme saw the Tntst m4intwn its l10Th$hipS with clubs in Norway. MalK Finland Canad4 Sweden athl the USA. In parthership with StaffoTthiT¢ County Council the TnLSt's Aiming High project conlinued to provide regular activities and short breaks for kKai ¢hi]drni aNI young people aged ¥25 with special edwional neeiVdis•bility (SENDI The prograe wa5 deS1d to b)es¢ ¢hildren atHI young pwple's ¢onfidenc¢ and independenK providing activifies which were to the whok family and othets i]wt wae only ftir the chtldren and young Feople to atteDd ind9ently.
Stoke City Community Trust TRUSTEES. ANNUAL REPORT The w&8 selected to be wt of a on¢ year'TwitMing-L. pilot projecL This w&£ targeted to engage HMP Stoke Heath prtsorn to improve their ITtew. via a cA)mbined ftball coaching and English language courn¢. Those who S¢¢¢4 will attaillith a FA Level I Coxhing Awatd a5 weu &8 a Lev¢1 l Effgiish qualificatio The Trust is aiming for the pilotto be tsucce55 atxl lead to the roll-wt of a more enhart¢ed scheme in the fublle. Probation Servtsce (HMPPS) and proftsslonal fwd>all club4 with the objective oftwtnning every prison in England aTra Wales with a I[ f(Mthll Clu. 'Petsonal Development Proarnme,. The TrLW aJcd)8 with the Stsffordshire Poli Fire and Crtme Commi55ioner's Office kd a1rtiUrn a00r afflI.S1al t¢h4Yiorin severnl hot spots across the cowity. 'My Cty My Shirt.. This was a p•tier5hip with Sti>k¢ City Foball Club. Faffj for Diversity and the F(Mrtball suPrters Asgxiatirn desid to cekbtate the diva5ity of SC.FC footb1 fan& Throughout4he year the Tr delivered a vAriety of intervakn I1 services that ilUded. My Ctty My Shirt PL Change makers Holiday & Fc4)d (E Re5ilienc4 Identity and ScEsteeM (RE} SafeT Stre¢ts SPACE So¢¢er S¢hools • International sce"r Schools Rw"ooal Taieni Club {Girls) Wildeats (Girls) Squad Football (Girls) Advanced Training & Developrnent Centre Twinning Project (HMP Stoke Heath & HMPDov¢gate) Twinning Literxy Pmject GtMP Stoke Heath) Tbank Yoll for S Whilst dependent upon the ContinuingpartiiP sUPrt of Stoke Cty Fwtball Club and the b¢t365 Gup. Stoke City ConnunIty Trust also rtb¢s heavity onthe sw>wrt of many p8rts)ers and organisatirns in prder to CA)ntinue ¢0 developits three wiority areas. The Tnkst's principat parnE5 are the Premier Le8gue Clwirable Fun the Pr1¢1 Leag Professio1 F(thallers' ASSOCilo ts English Fixxball Leagtt4 English F4Xttt)all TnLS¢ Stsffordshire Cthmty Coun¢il. Stafford5hire Police Fire and Crime Commissioner, Cty of Stoke-on'TwentCllxtI and the Stsffordshir¢ Football AsLI110ft. The B0d of Trustees is Indebted0 win kn 811 kn WTr have m*Je a Signifi¢gnt Tibutir1n to the again in 2023f24. The Tn15tees would like to thank the F"ootball Club's Ht4d ofcommimity Adriari Hutst and his staff in the Community Tn& for their dedication Iwd w0rktht0uut amthEr S¢e$$ful wiod. Page 6
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Stoke City Comrnunity Trust S.TATEMENT OF TRUSTEES. RESPONsIBILITs IN THE PREPARATION OF FINANCIAL STATEMENTS The Tn (who are also tk directo of Stoke City Conynunity Tn (a company limitsl by giwanlee for the of company law)) e Te5Fx)nsil>le for pwaritig the TnLSt¢es' ReFY)rt wd the financ statements in ldance with applicable lawand Unifed KiD8dcon AtliAti Standards (United Kingdom Company Ixw requires the Tnjstees to pry#rt fiJ]ancio15tatements for tach finaneial peri(Ml which give & tru¢ andfairview of thestste ofaif#its of the ¢haritrbie company. of th¢ iwming application of resources including the income and ¢ndItitr of the chaTttabk compony. for thot p1{L lft weEwing selecl 5Uitabk accounti P)li¢ies and the4) 4ply tlTh cOlSt. state whether applicable UK Accotstttirg Siandwds hv¢ bttn follow&É. subject to any materiaI the chty will Contin in IM1C The Trustee5 are TtsFrf)l le for keeping proper a¢¢ounting re£ords that dis¢lost with Tea50nable aC¢UTa¢y at any time the financi position of the charitsbk c(XDpany enable them to eltsure that the financial statements c(Jmply with the Compantes Act 26. Thry •e also ra9)01ble for Safegu the assets of the clw¢lxble ¢ompany aThl hen for taki msowble foTtheTrievethn d¢te¢tion of fraud and other irregularitie Page 8
INDEPEND AUDOR's REPORT TO THE MEMBERS OF roKE crry commu TRUST OpillioD We have auditrd the 9eM of Stoke Ciry Cirn" uttty Thtst (the'charitsble company.) for the year ¢nded 31 August 2023 which ¢omFftse the slatets1of Fitiaticial Activities (includingth¢Swnmary IDCQm¢ and in¢ludiDg silfiCant accounlin8 p)li¢ies. The fr0¢11 reFIng frwnework that h¥ been appli¢d in their epttton is applicable law and United Kin8&)m Actaffttitig Srandth. including FRS 102 me Financial Rcporting Standard 4ylith in the LfK and Rewwic of (UDit¢d Kingthm G¢n¢ralty A¢cept¢d Aolting Practic¢). In our OPilliOD th¢ fwaDcial sthterneots: give a true and fair vivw of the ste of th¢ ¢baritsble CODW'S affairs It 31 Aw 21Y23 of its inInges0uw aod aKoliatroa ofrtSfAUt4 inclwaiDE its intomeand eXdIrA forthtywth¢D Basts (or opthlo We ¢onduaedourwJditin accordaDce with ]nknArlons1atsdard$4)ft Audittsig(UK) (tSAslUK)) and 7wlicable law. Our rwasiIlitieS uTrlerthc6e Stand aTE fillther descnknl in the AudÉÈor's re4)DSibilities forthe audit of thE finaD¢ial sfatem¢nts 5ectioTh of fATr rrp)rL We aTE inthpendent of th¢ ¢h#rit¥ble company in •eeordan¢e with th¢ ethic41 TEquirem¢nts th relevant to our audit of the fuwKial Aatements ID the UL includiDg the FRC'S Ethic41 Standth aDd we bave thlfilled otyer ethical T&SP)nsi•11r1cs in aVaan with these requirettients. We believ¢ thatthe alldit¢vidtsttwe hawe obtain¢d is sufficirni knd IopTI¢¢ Fvide ab&#is for ow opiDion. Co#clusions rtltlD8 toncern lft audittn8 the fmancial stsiemail& we have con¢lud&a the trxtees. we of the gotiw concern basis of Based on the work we have wfMneiL t Imve identified Itty tiMtrri UtteeItses TeliD8 events or conditions thaL individualty" or colledively. may Cast S)lficant on the ch4ritsble ability to Etsntinue 85 8 going ffl¢Crn for a n(l of at least twelve month the financial stat¢ments 8r¢ r¢levantsectiofts of this reF Otber thformatio except to the ¢xtent ¢)th¢nvise ¢xplicidy ated in ourrem we Dotexpress fo of assur ¢ODclustiJn w resp[1 ility is re*J the othu stifonDth and iti doti¥ so. •)nsidtr whethet the othtr irtformatioh is mat£ri41ty inconsistrAt with the fiwcial sWeents LY (wjr knowl¢dge oitsined the cou¢ of the audit or oth¢rwise app¢w5 to be matrriauy misststed If we id¢ntify such mattrial inc(wÈ5t¢ncits or appaT¢u¢ material iSSthtemeDts. we are reqlliftd w d#enniDe whethu thi5 gives rise to è material missiai¢ment in the financial swetuents themsel. If. b•5d on th¢ WOTk we have w¢ ¢oncJu4k that there 15 • HwterÈal mi$5tatem¢nl of this other 1Dfonnatio we art required to rwt that fa¢L We have rtothitigto report inthis regtr Page 9
INDEPENDETr AUDITOR'S REPORT TO THE MEMBERS OF STOKE crry commu TRUST o'pinio OA other matters pre11)ed by the CompAies Ad2( In our Opinio b5ed the WO UDdertaken the c4yJr5e of the audit th¢ Toformation giv¢D in th¢ Trusrees. vA>i¢b i11¢5 the DirecTh. R¢w¢ w¢ped for the pwtKJs¢s of company law. ftf the fiDanCi. yeu fcr wbi¢b th¢ fo}a1 Sknents prwarEd is M&tt¢r>ollvbi¢ti w¢ are rtqlli¥ed to qrt by eztwiiiii In the light of the hJowloJoe and undentsnditig of the cTrAritabk c(rfllpw and its vir{nent obtsIn in the We havenoth1ngt0wrt Iwrtofthe followgmatt5 wh¢TEth?CanwiesAL2(K16Trtwir¢&usto rep)rt to you if. in our opinioft.. from branche5 t&ot visiied by us" or we have not re£eived all the infomation aDdeXplanatI W¢Twuire for ouraud¢ or R¢sponsibiliti¢s oftrwlees As"explaiueAI more fvlty in the Siatanax of Trustres. resp1]&11ts sd thrt.)n page 8.the tswsitts (who ayè also the director5 of the clIable ¢ompaDy for the puryoses of company law) re4Sible for th¢ prtparation of the fmancial ststements and frjr being satisfied thatthey give a tsue attd fair vtew. and forwb ittt¢rnal control as tontinue a5 a going Conce di5¢105iD$ as applicable, mattevs relatrd to gotng concern and using the going Concern basis of a¢towrtin8 unless the trustee5 either inknd to liqyNty¢ th¢ ch•itable eompaDy or to ce4S¢ operations. orhave wligit alt•n•tive do so. Auditor's rtsponsibiliti¢• for th¢ udli of th¢ fw•nd•l st8twwts Our obiectiYe5 ar¢ to obtaill rea5(ab xsurdDC¢ alt whetherthe fiThancial statan¢Dts as a4vbole ar¢ free from materÈal misstatunw whether due io or elror. issue an aAllOr.$ YeFwM th iDcludes our opinion. with ISAS (UK) will alway5 detect a mEri81 mis8talrnt when it ¢xists. Misstst¢m¢nts ¢au ari5¢ frorn fiaud or influence the et4bnomie dectsions of ustts on the tis ofth fin11 StskmeDts. Thtrextsttt to tht %dI¢ ¢0oxl¢red tpblt of dÈtr¢b1rrlCUIrrf4ffj imcludlug frnttd Inegularities are instantts of non-compIMDf£ with laws regularl The obje¢tives of ouraydit8re to obtsin sufficiertt appmptitr audit evidence rewdiD8 compli•Ke with law5 thathave a diffth effect on th¢ d¢t¢nnJ]1on of matsrial amounts and disclosu9 TTh the financial Statemen to wform audit prcedurES help identify irtstsnee$ of J)On-compliarttt with other laws and rtgulati(Ks mty have 8 material effeecon th¢ fman¢ial 5tstements. aDd to rE5pond aFvowia*ty ty ithiifie4 or gwected non<iMnpliance with laws and glllations identitsl dlti8 the atiL Page 10
INDEPENDEFrf AUDrroRS REPORT TO THE MEMBERS OF STOKE crry COMDAI5NrrY TRUST In relation to fraud the objectives of (Mjr audit are tr) identify and &ssess the Yisk of matermi misstat¢meDt of the the prevention znd de1 of frau In id¢Dtifying and 4S5e55iDg Tisk% of [nateri respea of itTe2uktti4 iDcludiTrg th¢ audit ¢n¥4ement team: the tharitsbk compaoy ¢¢taw in •d ljow the dmritsbk •y 15 cornplying with th¢ kgal and inquired of mallagernthl knd those ¢btrg&l with 8ofvrln. aknut their OWD IdentiGati and frau¢: As a result otthese prncethues weconsidtrtr signifx•nt law5 and fEgulions thathave a di11 imPt oil the fmancial 5tatemcDts aT¢ FRS 101 Ch¥ili¢s SORP (FRS 102k Compatties Art 2rJ)6. Cbariti¢s Ac 2011. th¢ charitable company's govemitig ett¢ kgtslati'on and CFffjrits¢s IPrrtxtion SrKial Inve5tsnent) Act 2016. We perfrne41 alldit t1reS tri detsct TrJTrcompliallcu Avhich may ba.ve i matetial irnpxt on the fitwicial statements which inchtded ]Yviewin8 the fmaEKial swetnents including the Tnees' Report ond The mt signific1 laws 8Dd TEgulioJLS that have ffj ityjirea llnpxt on the financial 5tatemerts are those Telion to Safeguarding and Health and Safety. We Fthtd audit Pr to knquirc of maDa8ement and those charged with governance whether thE dttirilable COIn 15 c•mplianL% with these law Ond gulationS The audit ett8agement identified the risk tsfttwnagementOv1de of controls as the rnwher¢th¢ fmon¢iai statements were m051 susceptibl¢ ty TDaterial mis51iDent due to fraud Audit procth rfonTred included but were not limited to testing maoual journal entries and other adju5ttneni% evaluating the Iwiness rntii)nal¢ in ¥elation to 5ignifi¢attk Urtusu t[anS&5 E tfn5Xtions enttred into outside the nornwl c¢Jur5¢ of business Reporting Coun¢il'sivebsit¢ at h jlww.fro .¥klaud' auditovs reporL iliiieL This descriptiott ftirn t of our Ux of our report This teportis rnade solefy to the cFthritableoJmw's rnernb•& a5 in tdance with Cb4rttr 3 of P 16 of th¢Cwipani¢5 Act2006. audil woth has be¢n urulatkn so thatwe m¥ht state to the clwitsble company's mernE$ those tnauets we to st to them in aD alitor'S rewTrnand for DO oth¢r p¥jrpc To the fullest extent pennitted by law. we do not acrept or &sssmie Te¥onsiThiltty anyone otherthart the ehantable wnwany and the cbaritbie cortspatty's memTrxr5 a5 a Trxdy..for ourauditwort knthi51epo¢ or forthe opini¢w we have fLmaL Page 11
INDEPENDENT AUDrroRS REPORT TO THE MEMBERS OF STOKE CITY i¥ COMMUNITY TRUST ANNA SPENCER-GRAY (Senicff Stabjtryy Auditiy) For andon behalf otBSM UK AUDITLLP. SiaMLMy Audit Ch"artered AcrI.ts Fesriv81 Way Stoke on Trurt STI 5BB Date". 9 2024 P(Ige 12
Stoke City Community Trust STATEMENf OF FINANCIAL AlEs (Tr4CLUDING INCOME AND EXPENDITURE ACCOUNT) for the ear endcd 31 Au 2023 2022 rNcoME 28398 Choxitsbk Xmies 751794 1*14335 60301 31923 832 753.701 1,759,161 1fi54.660 (97429•) 17••3n) (1th76A61) {1&35&26} 19J67 19.034 NET fNCOME 19.034 Reco•rcil&Yion offiv IV12 9814 1.185917 1.166.883 TOTAL FUNDS CARRIED FORWARD y• lin2 127485 136V17 1.185.917 Page 13
Peblor4'ii&.4Yithinth:fv. t15C5ty. I,t8S,917. ..k:csto¢ledi'
Stoke City Community Trust STATEMENT OF CASH FLOWS at31A 2023 N( 2022 NET CASH PROVIDED BY OPERATtNG ACTivifiES 10 142J62) {170.887) CASH FLOWS FROM INVESTING A[vITs Investhiettt inujme 832 Net cash used in inves11 activiti¢5 832 CHANGE EN CASH AND CASH EQUIVALENTS IN THE PEEUOD (170,055) Cash aftd cash equivalent at the b¢ginnin8 of the year L169•1 1.339.939 Totsl cash and c4sb equivalent at the ¢nd of year iJ63547 1.169.884 RepreS*d by: Cash It bank 1.169.884 Page 15
Stoke City Community Trst ACCOLTD¥TING POLICIES at3l A $t2023 TRUST INFORMATtON Stoke Cty CommwLity Tn is an clLazitsbie Trust (chtitity nwnber I1046} lirnited by guar4ft [egist in EDglaDd (compaTIy Dumber 04875877). The Tru.$ ¥ldw 1$ iYA365 Stadium, Stanley Mathws Way Stoke on Staffordshirfy EdsT4 4EG. The followi xcounting poltcleshavebeen 3wlied CA)n5ithtly irndealin8with iternswh"KhaTe¢onsidered material in re10 tt> the chuity's financial stemall BASIS OF PREPARAT10N .The fin¥n¢ial stat¢m¢nts hav¢ been in a¢¢on1w¢ with AcUthn8 8Tr1 Repoiting by Ctwities: Stamen¢of RmMended Pta¢tice applicable to Charities prepwin8 their accounts ttt ac¢ord8rLe wfftth the Financial Reporting stalard applicable in the UK aThl Republic of Ireland (FRS 102) (efftttive l January 2018)- (Charities SORP (FRS 102)). the Fina11 Repxmlrg Standard applicabk in ttw UK ard Republic of Ireland (FRS 102>and the Companies Act 26. Stoke City Cornmunty Tr51 meets the defjnition of a public tnefit entity under FRS 102. Assets and liabilities are initialty recognised 8t historical CostortlallOR value unless othenvise stated inthe relevant accounting p)licy notrs. The financial ststemerts art prepred in 5terlin8 which is the f¢vKtional ¢urrncy of the Tn Motary amounts in these ruw78] Statellts are rountsl to the neatest £ GOING CONCERN As nonnal for all clwitte4 the thrity is deEaknt w incom¢5treants SO &8 gtMonICS which may not reoceur. The TTUStee5 have reviewed the financial foreG¥5 believe there ue adequate resources which will t[Et the InLStto meet its liabilities for at lea ¢)ne year from the date the fmancial . statements #re si8ned. Forthis 7t&sory the Tn have adopted the going concern basis in preporing the finahci81 statemen tNCOME REC(lON The Val of all resources xuuing charitable company aye rttordtd in the Slatelnemt of FiNncTaJ Activities as soon as it is Iwlty effjitled to the 1KQTne. th¢ amou can quantified wson&ble accLfdCy. This isdeFrndentonao&ttJal TlPt (x cnfort&+leri8htt0ttcei ar¢wnablewtwnty of elpt and wbetherthe monetary vue ¢4n i suffi¢iendy Teliably rneasu Whete terms and ¢ondili0iIelatlTrg otherwi withift its eontrol. irKome is not rwised is defert as * liability uffjil it ts proible that the required by that nditiOn or is subje£t to unmet coTr1iliL wknlly outside ts control of the recipient charity. is accounted for &s a liability arhl shown ffi the bart¢e sheet&% deferred irwnL Deferred incibme is released are met peri(ds concerned and. wljere alICab is 8K¢outd for as a Iiabilty aThJ sknwn on the $Iet as there we no spttific time related Conditio th¢ inc(kne is Th)t deferre<L All expenditure isaccounted foT(ffi 8nac£nJals basisaTrl InclthattnlIablevAT which cannotbe recovet&i EndItie h&$ clwified mIer the appmwith heJinE wTrYe costs be dI]Y attnbut&l to ticular heodings (supwrt eosts): Iky have been allcKated kn adivittes on a bft5i5 Ctstsisknt with the use of Governanct ¢0sts are thc6e costs &ssocid with tk governance arrangemts of the ¢h8rÈty which Te] trj Page 16
Stoke City Community Trust ACCOUNTING POLICIES at31 A 2023 DONATED SERVICFS AND GIFTS IN KD4D The value ofdonatsl Services81g1fts in kiod 0Videdl0thEcjty by Siokecity Fwtto]IclubaTediIL*I reliably me&8ured and are repknl in the Rlated party nokto the financial ststetnents. TANGIBLE FIXED ASSETS fvfotor vehi¢ks Offi¢e 04uipment PIxTrt aThl machinery 25%ght line 20%ght line 33JY• 5ti¥ighi lint A fvll yearof &e¢lati is ¢h in the wiTrJof¥uisitiffj •r•l in the p#iod of disp1. Unrestrict¢dfiL (ien¢ral funds 8re un¢t fimd& available to the charity for 8t the dixthion of the treeS i furtherance of the se] charitable objectives of the ¢1]ty and which have not been designated for otheT purposes. Restrietdfivds Restrkcted are subject to restrictions imp)sed by thedohor orby the specifictdiD$ of the ap1 under which are raise& The rntrictions are binding up)n the ¢lwity. Pale17
Stoke City Community Trust ACCOUrG POLICIES at31A 2023 FUND TRANSFER POLICY At each year it 15 prn¢ti¢e of the TTt to Teview all bal4tt&5 to ithtify the res¢icted projectsthathave ended inthat financial year. It is the policy of the Tntyl trt any restrKted on ctased prnj4x4 will be transferred into If there ore any Testri¢ted fut thenthe (elad fil1 C8¢1 is refeTroJ to. Ifthetontrnct states their instnKtion is adh¢Ttd to. If howeverthewitstdoesnotslipuJthatswplusfimdsshouldbEr&wwlondtheTeadingofthe wntract permits the swplus to be keptthen the SU1 is trnTL% tots Unrestri¢ted (Gewal) Reserve.. TAXAIION As a registered charity the Tnjst is exempt ftom incoll and 8air6 falling within Part I l of th¢ Corporation Taxes A¢t 2010 or tIOn 252 ofthe Taxati ofclwgeable Gain5 Act 1992 ts tk extent.thgt thrse 8re applied to these cJ)aritsbk object The TnLSt onty has finaKial •sseLS aThl fiDan¢ial liabiliti¢S of a kind qualify as basie financial .)nStrum¢n Basic financial instru ate initially at Irdttsa¢tiork value and subsequently measureA at their settlement value. DebiorJ Ttade and other debtots lA at the 5elllemffit amwnt due after 8Dy tr•le discowrt otrere Prepayments are valued at the amounl ttt of wtrade dis0x d Cash at bankandin hand Cash at bank and cash inharrfl itKlude5 cash sknrt terni highly liquid InS1Cnts with a slb)rt maturity of three rnonth5 or less from the date of Wisits or opening of thedep(tsit or similarac Creor$ aMlprovi¥iorLf credito and provisiorks aye Whethe cTrArity IapreSen10bItEati0n resultingfrnm a paM event that will probably result in the transfer of fimds to a third party aa.the amount due to 1¢ the obligation can be measured or WimateA reliably. CTe4litOTS and p1$10 aTe"JM)rn18lty re4wiseA attheir sdllement amount after allowin8 foraThy trde discounts due. CIUTtCAL AccouKnNG ESTIMATES ATrAREAs OF JuEm Estimatrs and judgements are continvalty evalu&al aThl are based on histori¢al eXwie¢sd thherfacto assumptions will. by definition. seldom Ual thB fflated a¢DJal rtyJh5. The Tntst do not consider th¢ to be any estimates anda5sumoionsth* have as1gnifiUt risk of causingama¢rI &fJustsknthe Ca1g amounts of assets and liabilitie5 with1tt Dext finaThc year. Page 18
Stoke City Community TrL NOTES TO THE FtNANCIAL STATEME15 at31A 2023 tNCOME: WNATIONS AND LFfjACIFS 2023 2022 DO[tionS 28298 INCOME: CHARfTABLE ACTivmES Total 2022 21n3 Sports Participaiion Education & Lifelong Core ¢ostsupF 768.131 532.152 221.552 laOO283 221452 1202.781 281.826 108,iJ)O 9)3 858,631 753.704 I,6125 RFSOURCES EXPENDED: CHARJTABLE ACTIVITIES Total Total 2022 Sports Patticipatt-oft Edu&*ion & Lifelong Core support ¢¢ts iJ28594 204.763 lJ28.$94 20£763 124591 1206.865 276.575 124,-591 18.613 16500 1.533J57 143204 I?61 1.635.626 Page 19
Stoke City Community Trust NOTES TO THE FD+4ANCIAL STATEMETrITS at31A 2023 The clwity 8110¢8s its Swrt costs to genA activilies urdtss it is 8ppropriate to 8llctate them bett¥een thefjther clwitable artivilie5 uDlerlthtL The cbaritsble a1VIlle5 art Is listed abDVe. below: Core xllpprt Core suppxt 21 2022 Consultant Fees sari<s and social security costs Pensions Medical costs Trdvelling and subsistue Bankcharges Motor expen5e5 Other experLses 28.140 .411 3.901 2.3Tr) 7,399 296. 1.768 41.471 (40.000) 2JOI 657 2.428 135.686 UArethieted UTuestri¢ted 2022 Professional fees 1&613 16500 NET INCOMING RESOURCFS FOR TIIE PFJUOD 1&6ts IA500 Page 20
Stoke City Community Trust NOTES TO THE FINANCtAL STATEMETr¥ts at31A 2023 The avtr8ge numberof p51xts employed(exc]thling tt4L%ttts) dwingthe yearwas 53 (2022: 53). b) addition to the above, the charity ernployed an average of 31 cawal Staff durin8 the year (2022: 31). No emolumerrts or exputses wue paid during theyear to trustees (2022: Detsils of emp]oyee costs are as follows: 21llJ 2022 L176299 9&691 1.160.970 91557 43996 Social security cosfs P¢Lsion ¢osts 230n 1297.523 The nurni%r of hits anployrts w 21113 2022 No b) the batQ nOJKK]: £.999 ske City Football Club a defined c(tribAl0 pU10ft whi¢h employe&4 of Stoke City Community Tn ate eli toioi F¢Tsonnel w&8 £nil (2022: £nil). Pw21
Stoke City Collllnunity Trust NOTES TO THE FINANCIAL STATEMENTS at31A 2023 TANfjIBLE FIXED Ass£rs . Pknnt ¥nd Total Cost At b¢ginni Di5POsal 59.418 7.649 (3.891) 4J50 71,417 (3.891) Ai end of ye•r 59.418 3.758 4J50 67.526 Deprectafioft At beginning 59.418 7.649 13,891) 4J50 71.417 (3.891) At end of year 59.418 3.758 4JS0 6726 Nè¢ book At 31 Auyst 2023 At 31 Augu 2ffr2 DEBTORS: Amounts failing due withiD one year 2023 2022 Trade debtors 139.160 121.975 54 126,954 36.40Y 9.251 273M9 172.612 Page22
Stoke City Community Trust NOTES TO THE FtNANCIAL STAIEblENTS at31Au 2023 CREDITORS: Amowjts fallittgth*within one ye 2023 2022 Tradtrcredtto Other taxe5 and so¢ial secwity S031 25033 4L428 97227 2543 24.318 28.913 I(.805 16&719 156.579 COMPANY LIMrrED BY GUARANfEE Stoke c.ity c.ommunity Tr& is limited by gilara and xcordingly does not have share capitsl. Ev¢ry member of the doritsble company undeTtake5 to cthtribule sh amount as Tnay be Tequired Tr)t exceeding £10 in the evart of it beitE wound w while he or sh¢ is a member. or wiihin one year after he wshe ceases knbe a memixr. 10 RECONcfLIATtON OF OPERATING RESILT TO CASH FLOW FROMI(TO) OPERATING ACTtvmES 2023 2022 N¢1 in¢oMeJ(exiditiJr) (Deduct) investment incon Oncrease) in debto 1rtreax1Tease) irt ¢redtto 19.034 (3A625) (832) (AOI,077) (100.917) 14140 (88.172) Net cash PTovidtrJ (to)opuatin8 aclivilies (41962) (170,887) Pa 23
Stoke City Community Trust NOTES TO IHE FINANCL4L STATEMENTS at31Au 2023 li Atl At31 2023 Ufvlrestrlciedfvth.. Oewaj fund 981.6f4) l.(M)5.457 (9762Y)) 30205 1,041,032 Restrictedfynds.. Spots Participatioti Educatiort & L.ifelong Leaming 11.21 191436 531152 221552 (495508) lJ39 (204.763) (31544) 49,804 177ffj81 2042S7 753.7ts1 (?271) (30.205) 227.-485 TOTAL FLINDS 1.185,917 1.759.161 (1.676.561) 1268517 Atl At31 Sewemtw Income Expthditttye Tranrferof Augllst 21 2022 Unrestricledfwds.. General fiwd 951.434 929.180 (924.684) 25.730. Re5trictedfiu¥l5." Sports Participation Education & Lifelong Learning 443.654 (434J67) (3fv661 281, (27A575) 121664) li.K21 192.436 209.849 215.449 725,480 (710,942) (25.730) 204257 1.166.883 1.654.660 (1.635.626) lJ85,917 Th¢general fund rewesentsthe unrestricted fuTrJ5 ofthedwitythaTenotdesi*forp•rticui#r purPos¢5. Jlestri¢tedfv categories TrapLsfers During th¢ year there was one SrM)rts Participalion EdU10n & LifdoDg Lgarning Fund that had 0veTSE on and these liabililies W met. by sutplus unTesthcttsa reserv¢& The was also two Educ10 & Lifelcrf¥ LEarniDg Funds that W $pIuS fiu)ds th&t were tranSfed lo the Page 24
Stoke City Community Trust NOTES TO THE FINANCIAL STATEMENTS at31A 2023 12 f4Dds Debtors Cash atbankd in hand 213.169 913.1¥1 (85J24) fAI520 250,360 (83 J95) 273,689 1.163547 (16&719) TOTAL NET ASSETS AS AT 31 AUGusf 2023 1,041.032 227.485 1261517 Tot1 fuDds Debtors C8sh at bank and in hand 161197 924.427 (104.964) 10.415 245.457 (51.615) 17L6U 1.169184 (156579) TOTAL NET ASSEfs AS AT 31 AUGUST 2022 981.6&) 204257 1,185.917 ij RELATED PARTYTRANSACTIONS The TnL8tets consider that Stoke City F(1 Club Limited is a related F4rty of the charitable company by virlue of significant infiuenco The charity receives $i1ficant financial swort from the Football Club iti of office space other costs. and this Gift in Kind in re5pert of SFwifie ¢sthblishnxnt player pErSonl time has been estimated at £356.974 (2022: £267598). which ha5 not be£n in¢luded wilhin the SOFA. During th¢ y¢ar thert were sales ctf £186.095 (2022: £111.826) madeto Stokecty Football Club Limidandat 31 August 2023 £9J99 (2022: £9251) was owe41 Certsin SFecifi¢. dleated and other costs relating to the charity are recharged These cogstotslled £1S31,653 (2022: £1 J92,420) and 31 Augiist2023 £122260 w¥$ ow¢d to the F(4)ti Club (2022: £125.0W. The Trusl¢es consider that Stoke City (Plomy) Limid is a lated party by virtue of signifi¢8nt infiuence. During the year there were salBs of £nil (2022: Q719) uwje to Stoke City (Prrty) Limited and at 31 Aug115t 2023 £nil (2022: was oYJJ. Other Costs telating to the chanty are recharged. These ¢osts loled £1.956 (2022: £15.09W aNI at 31 August 2023 £nil was owed to Stok¢ City (Property) Limited (2022: £27). Due to the wup structh and SIlfielt influenee that the grow) h4 the Tntst#s consider bet365 GTOUP LimitrA 85 a related party. At the year4nd there w85 an amount due ftom bet365 Group Limited of £3.155 (2022: £nill ThE Val of services proidol during the year to bet365 Group Limited WdS £7.592 (2022. £1911)- Page 25