Stoke City Community Ti"ust (A company limited by Guai'antee) REPORT AND FINANCIAL STATEMENTS 31 Augusl 2024 Company Regisli'alion No. 04875877 RegisteiTd Chai'ity No. 1104006 Stolce City Coinmunity Ti'ust CONTENTS TRUSTEES, ANNUAL REPORT STATEMENT or TRUSTEES. RESPONSIBILITIES IN THE PREPARATION OF FINANCIAL STATEMENTS INDF.PENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOKE CITY COMMUNITY TRUST STATEMENT OF FtNANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) BALANCE SHEET 12 STATEMENT OF CASFI FLOWS 13 ACCOUNTING POLICIES 14 NO'fTr.s 1.0 'f14E FINANCIAL STATEMENTS 17 StolENDI'I'URE ChHril#blc aclivilie5 3 (1.146,543) (870,324) (2,016,867) (1,676,561) NET tNCOME BEFQRE TRANSFF.RS 122,514 (77,029) 82,600 TRANSFERS BFTWEEN FUNDS NET INCOME 122.514 {77.029) 45,485 82,600 RecoiKillalioii offiiiKIs 'loial fiinds broughi forivard 11112 1,041,032 227,485 1,268,517 ,185,917 TOI'AI. FUNI)S CARRIF.D foRWARD 11112 ,163,546 150,456 1,314,002 ,268,517 All incoine and expenditiire derive fiDm conliniiing activities. The stateinent of financial activilies includes all gains and losses reeognised in ihe year. Page 11 Stolce City Cominunity Ti"ust BALANCI.1 SHEET ,It31 Au list 2024 Note 2024 2023 FIXED ASSETS Taiigible assets CURRENT ASSETS Debioi's due iviihin the year Casli at bank and in hand 217,253 1,304,857 273,689 ,163,547 TOTAL CURRENT ASSETS 1,522,110 1,437,236 CIIEDITOIIS.. Amounts falling due within onc year (208,108) (168,719) NET CURRENT ASSETS 1,314,002 .268,517 NET ASSETS 1,314,002 1.268,517 THE FUNDS OFTHE CHAIUTY Unreslricled fiiiids Restricted funds 1,163,546 150,456 ,041,032 227,485 TOTAL CHARITY FUNDS 12 1,314,002 1,268,517 These financial statenients are prepared in accordance ivilh Ihe provisions applicable to companies subject to tlie sinall ¢oiiipanies' reginie. The financial statements on pages I I to 23 iyere approved by the board of trustees and authorised foi. issue on 25 April 2025 and ivere signed on ils behalf by.. Jolin Coate5 Dii'eclor aiid 'l'rustee Company Registralioii No. 04875877 Registered Charity No.1104006 Page 12 Stolce City Community Ti"ust STAI"EMENT OF CASH FLOWS foi. tlie Cal" ended 31 Au list 2024 Note 2024 2023 NET CASH PROVIDED BY OPERAI'ING ACTIVITIES 10 90,730 (42,962) CASH FLOWS FROM INVESTING ACTIVITIES Inveslmeiit income 50,580 36,625 Net cash used iii investing activities 50,580 36.625 CHANGE IN CASH AND CASH EQUIVALENTS IN T14E PERIOD 141,310 (6,337) Cash and cash equivalent al the b¢8inning of the yeai. 1,163,547 1,169,884 Total cash and cash equivalent at the end of the year 1,304,857 1,163,547 Represented by. Cash at bank ,304,857 1,163,547 Page 13 Stolce City Community Trust ACCOUNTING POLICIES at31 Ali yiist 2024 TRUST INfoRMATION Stoke City Coiiiiiiiinily Trust is an incorpornted charitable Trust (Cliarity nuiiiber 1104006) lii)iited by guarantee iegistered in England (coimpany nuiiiber 04875877)- The Tivsl's address is bet365 Stadiuin, Stanley Mattheivs Way. Stoke on Trent, Slaffordsliire, England ST4 4EG. The folloiyiiig accounting policies have been applied consistently in dealing with items which are considered n)at¢rial in relation lo the charity's financial statements. BASIS OF PREPARATION The financial statenients have been prepared in accordance with Accounting and Rcpoiting by Chai'ities: Stateiiienl of Reconiinended Practice applicable to cliarilies prepai'ing their accounts in accoi'daiice with Ilie Financial Reporting Slaiidard applicable in the UK and Rcpublic of Ireland (FRS 102) (effective l January 2018) (Cliai'ilies SORP (fRS 102)), the Tr inancial Repoiling Slaiidard applicable in Ilic UK aiid Rcpublic of Irelaiid (fRS 102) and the Companies Act 2006. Stoke City Coniinunity TTUSt meet5 the definition of a public benefit entity under FRS 102. Assets and liabi lilies are initially r¢cogniscd al historical cost or transaction valiie unless ollieiiyise stated in11)e relevanl accountii)g policy notes. The f)nancial staleiiienls are prepared in sterling ivhich is the functional cui'itncy of the Triist. Monetary ainounts in Ihese fInancial staleinenls are rounded io the nearest £. GOING CONCERN As is norniRI for all cliarilies, Ihe charity is dependent upon ii)come slreanis such as granl moiiies ivhich ii)ay not i'eoccur. Tlie Ti'iislees have rcvieived Ilie fii)ai)cial foiecasls and believc Ihere are adeqiiale resoui'ces ivhich ivill enable Ilic Irusl to Ineel its liabililies foi. al least one ycar fioii) Ilic dale tl)e fiiiancial slatcments are signed. For Iliis reason, Ilie Trustees have adopied the going concern basis in prepariiig Ilie rinancial slatenients. INCOME RECOGNITION Tlie values of all r¢soui'cas accruing lo the charilable company are reeorded in lh¢ Slatenienl of Financial Activities as soon as it is legally enliiled to the incoine and the aniounl can bc quanlified wilh reasonable accuracy. Tliis is de￿ndent on an acliial receipt or enforceable ri8hl lo reccipl. a rcasonable certainty of Itceipt and iyhclher the Inonelary value can be SU￿1clentIY and r¢liably measuiEd. Where lerI)Js and condilioiis I'elaling to iiicoine have not been niel or unccilainly exists as lo wlieiher Ilie charity can Ineel any tei'iiis or coiiditioiis oilieiivise williin its control, income is not recognised but is defeffed as a liability until it is probable that tlie teiThs or condilions imposed can be met. Any grant that is subject to perforniance-related conditions received in advance of delivering the seiyices I'eqiiiied by that condition or is subject to unmet conditions Ivholly outside the contr()l of the I'e¢ipienl chai'ity. is accoiinled for as a liability and showi on the balance sheet as defciTed incomc. Deferred income is released lo incoine iii the reporting period in ivhicli thc perfonnancc-relalcd or other conditions Il)at liinil Ircogiiilion are met. Wliere time related conditions are imposed or implied by a funder, then the income is 8PPOrtioned to the time periods conceined and, Ivhere applicable, 15 accoiinled for as a liability aiid sliown on the balance sheet as deferred income. When grants are received in advance of th¢ expeiiditur¢ on the activity funded by Iheiii, but Ihere are no specifi¢ lime related condiltons, then th¢ income is not dcferred. Page 14 StoIce City Coinmunity Trust ACCOUNTtNG POLICIES at31 Ali list 2024 EXPENDITURE RECOGNITION All expeiidilure is accounted for on an accnials basis aiml includes attributable VAT wliich cannot be recovei'ed. Expendiliire has been classified under the appropriale heading bul iyhere costs cannot be directly allribiiled lo partiCLilai' headings (511PPOrt cosls)- they have been allocated lo activities on a basis c01151Stent ivilh the use of the resouires. Support costs comprise all servic&% supplied centrally, and incliide oifice stalT and oveithead expenses. Governance costs are those costs associated iyilh the governance arranganents of the charity ivhich ielate to its geiiei'al iiinning. Tliese incliide audit, insurance costs. and legal advice for tTUStees and costs associated ivilli constilulional aiid stalulory requiieinenls such as the costs of livstee meelings and preparin8 the statuloiy rinancial stalcnienls, plus a share of support costs. All cosls are allocated behveeii the expenditure calegoi'ies of the slaleiiieiil of finaTicial activities oil a basis dcsigiied lo reflccl the use of the resourcc. Costs irlaling lo a particular activity are allocalcd dii'cctly. DONA'fb.D SF.IIVICES AND GIFrs tN KIND Thc valLi¢ of donated sei'vices and gifts in kind provlded lo the charity by Sloke City Football CILib are disclosed ai illeir open niarkel value ii) Ilie period in ivl)icli they are receivable iyhere the benefit lo tlie chai'ily can be reliably Iiieasured and are reported in the related party nole to the financial slatejnents. TANGIBLE FIXED ASSETS Tangible fixed assets al'e capilalised al cosl and capital expendilure over a value of £500 is capilalised. Depreciation is provided Ht tlie folloiving aniiual rates to ivrite off Ihe cost, less the eslimaled residual value of the assels, over Iheii. expected iiseful ecoiioiiitc lives as folloivs: Motor vchicle5 0￿1CC cqiiipment Plant and iiiachin¢ry 250/0 Strdight line 200/0 slrdighl line 33.30/0 slraiglil line A full year of depreciation is charged in Ihe period of acquisition ond none in the pei'iod of disposal. ruND STRUCTURE Uiii esli'icledfifiids General futids ale unresh'icled funds 4vailable to the charity for us¢ at the discietion of the li￿SteeS in fiirtherance of the general charitable objectives of the charily and which have not been designalcd foi. other purposes. Resli'icledfiiiids Restricted funds are subject lo reslriclions imposed by the donor or by th¢ specific ternis of the appeal under which funds are raised. The restrictions are binding upon the charily. ruND TRANSFER POLICY At each yeai. end it is the pi'aclice of th¢ Trust to r¢vieiY all fund balanc¢s and to ideiilify the resti'icted projects that have ended in that financial year. It is Ihe policy of the Trusl that any restricted fund overspends ivill be transferred froni the unresti'ieted (general) reserve. If Iliere are any i'estricted fund underspends on ceased projects then tlie related fuiid conti'act is referred to. If the contract slates that any sucli siirplus shoiild be returned then the funder is contacted. infoTJiied of the surplus balance and Iheir insli'uclion is adhered to. If howevei. the contract does not slipLilale that surplus funds Should be returiied and the leading of the contract pei-lnits the surplus to be k¢pt thcn the surplus is transferred to the unrestricted (general) reserve. Page 15 Stolce City Community Ti'ust ACCOUNTING POLICILS at31 Ali list 2024 TAXATION As a i-egisteird chai'ity the Triist is exeiiipi froin lax on incon)e and gaii)s falling ivill)in Part I l of Ilie Corpoi'alion Taxcs Act 2010 or Section 252 of the Taxation of CliaiBeable Gains Acl 1992 to Ilie cxtenl Iliat tliese al'e applied to Ilie5e charitable objecls. FtNANCIAL INSTRUMENTS Tlie Ti'iist only has fiiiancial assets and financial liabilitics of a kind that qualify as basic financial insti'umenls. Basic financial instruments initially recognised at transaction value and subsequently measured at their seltlenienl valu¢. Debioi's Ti'ade aiid oiliei. debtors are recognised at th¢ settlenient ainouni due after any trade discount offeied. Prepayments are valued at Ilie ainount prepaid nel of any trade discoui)Is due. Casli cli bciiik Iiii