COMPANY REGISTRATION NUMBER: 05074505 CHARITY REGISTRATION NUMBER: 01105SIS Southend United Community Foundation Company Limited by Guarantee Unaudited Financial Statements 31 August 2024 CKLEY WAT ONL MITED Chartered Accountants 57a Broadway Leigh-on-sea Essex SS9 1PE
Southend United Community Foundation Company Limited by Guarantee Financial Statements Year ended 31 August 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 10 Notes to the financial statements 11
Southend United Community Foundation Company Limited by Guarantee Trustses. Annual Report (Incorporating the Director's Report) Year ended 31 August 2024 The trustees. who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charily for the year ended 31 August 2024. Reference and administrative delails Registered charity name Soulhend United Community Foundatlon Charity registrdtion number 01105515 Company registration number 05074505 Principal offico and registered Roots Hall Football Ground offi¢e Victoria Avenue Soulhend On Sea Essex SS2 6NQ The trustees K Clarke W Hill l Hughes J Jones G Lockett D Markscheffel B Solanki T Syed Please note the company Changed its name lo SoLrthend Uniled Comrnunity Foundation (SUCFI on 7th October 2024. Independent examlner Spenoer Walson FCA ObjectlV88 and activities a. Poltcies and objectives Soulhend United Community Foundalion is the official charily Partner of Soulhend United Football Club and aims lo gel more Southend people and communilies active by providing good quality and inclusive football and sports provision Ihal improves health and welkbeing, education and training, reduces crime and anti-social behaviour, promotes cornmunity cohesion and shared common values In setting objectives and planning for aclivilies, Ihe Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including th8 guidance'Public benefit. running a charity {PB2)'.
Southend United Community Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2024 Objectives and activities {condnu4dJ b. Acttvities undertaken to achieve objectives Thè Charity's objectives land objects) ar& for the benefit of the public generally and in particular, the inhabitants of South Essex and 115 surrounding areas.. To prornole community participation in healthy recreation by prowding facllilies for the playing of association football and other sports capable of improving health To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity of disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their condition of life., and To advance the edueation of children and young people through such means as the Trustees think fil in accordance with the law of charity. Soulhend United Community Foundation's vision is lo utilis8 the power of sport and the vehicle of Soulhend United lo have a positive influence on people's lives. Ils mission is lo have engaged with one million people Ihrough the brand of Soulhend United by 2026. Achievements and perfomian¢e - Key perfomiance indi¢ator• During the year the Foundation received income of £953,479 {2023.' £991,508) from donations, gifts, sponsorship and fundraising aclivilies. The costs of charitable a¢livilies during the year were £961,380 (2023.. £1,006.7291. Fund balances al 31 Augusl 2024 were £85,44512023.' £93,346), b. R&view of activities Our team have delivered a wide range of programmes across Southend on Sea and South East Essex, improving the health and wellbeing of our service users, creating educalional and training opportunilies, promoting community cohesion and shared values. The FoundaliDn promotes diversity, tolerance and equality throughout all its programmes lo create social capacity wilhin corn munilies. Financial revlew a. Golng concern To enable the continued growth of its education provision, the Foundation has purchased several classrooms across the preceding financial year 2nd signed SLA lo lease land at Garon Park, with all current education provisions being delivered from this Site. The Foundation aims lo increase the number ol current learneis and this inveslmenl is allowing such growth. In addition, Soulhend United Football Club continue to be outside of the English Football League {EFLI and play in the National League. This irnp2Cted and will continue to impact on Some sources of funding. After making appropriale enquiries, the Truslees have a reasonable expectation that the Foundation has adequate resources lo continue in operational existence for Ihe foreseeable future. For this reason, they continue to adopt the going concern basis in the preparation of the financial statements.
Southend United Community Foundation Company Limited by Guarantee Trusteas. Annual Report (Incorporating the Director's Report) (continuèd) Year ended 31 August 2024 Financial review (conts'nuedj b. Reserve policy The Tru5tees' reserves policy is lo hold 3 months expenditure in the unreslricled reserves. The reserves are needed in the event of lost funding, unexpected costs, or reduced income levels. Principal risks and uncertainties The Tnjstees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place lo mitigat8 exposure lo the rnajor risks. Structure, governance and management Gon5titution Soulhend United Communlly Foundation is registered as a charitable company limited by guarantee and was Set up by a Memorandum of Association. b. Methodg ofappointment or election of Trustees The managernenl of the company is the responsibility of the Tiustees who are elected and co-opted under Ihe terms of the Memorandum ofAsso¢iation. None of the Trustees has any beneficial inl&resl in th8 company. All of Ihe Trustees are members of the company and guarantee lo contribute an amount not exceeding £10 In the event of a winding up. c. Organisational structure and decision-making poli¢ies rhe Foundation was established as a registered charity in 2004 with a wiew to utilising Ihe power of sport and its connection with Soulhend United Football Club Limited to have a positive influence on people's lives. Howevèr, the Foundation is about so much rnore than just football. Th8 organisalional structure of Ihe Foundation has remained consislenl with previous years:. 8 Trustees (including 1 as Chairperson) 1 Chief Executive Officer Managers Communily Coaches oificers Educators Apprentices d. Pay policy for key management personnel The remuneration of key managemenl personnel is determined on an interim basis by the Trustees. The levels of remuneration are based upon performance and the prevailing industry rates of pay.
Southend United Community Foundation Company Limited by Guarantee Trustees. Annual R8POrt (Incorporating the Directorfs Report) (contsnued) Year ended 31 August 2024 Structure, governance and managèment (continued) e. Related party relationships Thè Foundation is greatly assisted by Soulhend United Football Club I'Th8 Club'l in being able to Carry out ils charitable aclivilies, via the shaiing of if5 significant resources. The Club and Foundation share many operations resource5, have dir8clors in common and are subjecl lo common influence and are hencé r8lat8d parties. f. Employèe matters The Foundation's policy is to consult and discuss with employees al meeting5, rnatler5 likely lo affe employees, interests. Information of matters of concern lo employees is given Ihrough information bulletins and reports which seek lo achieve a common awareness on the part of all employees of the financial and economic factors affecting the Foundation's performance. Applications for employment by disabled persons are aayS fully Considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of sialf becorning disabled, every effort is made to ensure that their employment within the Charity continue5 and that the appropriate training is arranged. 11 is the policy of the Charity that the training, oareer development and promollon of disabled persons should, as far as possible. be idenlioal to that of other ernployees. Plans for future periods In relation to the immediate future, the football club's relegation has continued lo have an impact on prospects for the year ended August 2024, bul recent forecasts undertaken by managemeni show that the Foundation should remain profitable in the corning year. The Foundation has continued lo spend resources during this year lo facilitate the growth of its education programme, enabling more learners to acce55 education each year, growing by 30 young people each year for the next five years. On behalf of our staff ancl somce users I would like lo express our sincere thanks lo all our supporters, donors, partners, and volunteers. For further information on the Foundation, ils operation5 and how you ¢an help please write ID Dale Spiby, Chief Execulive. Soulhend United Comrnunily Foundation, Roots Hall Stadium, Victoria Avenue, Soulhend on Sea, SS2 6NQ or call 01702 341351. Small company provisions rhis report has been prepared in accordance with the provisions applicable lo companies entitled to the small companies exemption.
Southend United Community Foundation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Icontsnued) Year ended 31 August 2024 The Iruslees, annual report was approved on trustees b signed on behalf of Ihe board of G Lockett Trustee
Southend United Community Foundation Company Limited by Guarantee Independent Examlnerfs Report to the Trust88s of South8nd United Community Foundation Year ended 31 August 2024 I report to the Iruslees on my examination of the financial statements of Soulhend United Community Foundation {'Ihe charitl) for the year ended 31 August 2024. Responsibilities and basls of report As the trustees of the company (and also ils directors for the purposes of company law) you are responsible for the preparation ol the financial statements in accordance with the requirements of the Companies Act 2006 (Ihe 2006 ACV). Having satisfied myself th21 the accounts of the company are not required lo be audited under Part 16 of the 2006 Acl and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under Section 145 of the Chafilies Act 2011 ('Ihe 2011 Act'}. In carrying out my examination I have followed the Direction3 given by the Charity Commission under section 14515}Ibl of the 2011 Act. Indep•nd&nt examlnerf$ Statement Since Ihe charily's gross income exceeded £250,000 your 8xaminer musl be a member of a body listed in seelion 145 of the 2011 Act. I confirm that l am qualified lo underlake the examination because l am 2 member of the Institute of Chartered Accourilant5 in England and Wales IICAEWI. which is one of the listed bodies. I have completed my exam inalion. I confimi that no matters have come lo my attention in connection with the examination gSvSng me ¢au$e lo believe.. accounting records wgr8 not kepl in respect of the charity as required by section 38S of the 2006 Act; or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requiremenls of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an ind8pendent 8xarninalion', or the financial statements have not been piepared in accordance with Ihe methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
Southend United Community Foundation Company Limited by Guarantee Independent Examiner's Report to th8 Trustees of Southend United Community Foundation {¢oniinued) Year ended 31 August 2024 I have whic acc o concerns and have come across no other matters in connection with the examination to attention should be drawn in this report in order lo enable a proper understanding of the nts lo be reached. Sp ncer Watson FCA Indepenéenl Examiner Buckley Walson Limited 573 Broadway Leigh-on-sea Essex SS9 1PE
Southend United Community Foundation Company Limited by Guarantee Statement of Financial Activities (including incoma and expenditure account) Year ended 31 August 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Total Income 784,363 169,115 953,479 991,508 991,508 784,363 169,115 953,479 Expendltu Expenditure on charitable activities Total expenditure 769,771 191,608 961.380 1,006.729 769,771 191,608 961,380 1,006,729 Net axpenditure and net movement In funds 14,592 122.4931 (7,9011 (15,221) Reconciliation of funds Tol81 funds brought forward Total funds carried forward 70,853 22,493 93,346 108,567 85,445 85,445 93,346 The statement of financial activities includes all gains and losses recognised in the year, All income and expenditure derive from continuing aclivilies. The notes on pages 11 to 19 fomi part of these financial statements.
Southend United Community Foundation Company Limited by Guarantee Statement of Financial Position 31 August 2024 2024 2023 Note Fixed assèts Tangible fixed assets 13 92.860 113,901 Current assets Debtors Cash al bank and in hand 14 130,638 30,625 1S1,263 79,185 38,833 118.018 Creditors: amounts falling due within one year Net current liabilities 15 168,678 138,573 7,415 20.555 Total assets less Current liabilities 85,445 93,346 93,346 Net assets 85.445 Funds of the charlty Re51ricled funds Unreslricled funds 22,493 70,853 85,445 Total charity funds 16 85.445 93,346 The company was entitled lo exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audil for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financial slalemenls. These financial slalemenls have been prepared in accordance with the provisions applicable lo companies subject lo the small companies. regime. These financi ..zi13.1.2). slalemenls were approved by the board of Iruslees and authorised for issue on and are signed on behalf of the board by.. G Lockell Trustee The notes on pages 1110 19 form part of these financial statements.
Southend United Community Foundation Company Limited by Guarantee Statement of Cash Flows Year ended 31 August 2024 2024 2023 Note 18 Cash generated from opeTalion5 Nlel cash used in operating activities 17,419) 17.419) 12,104} 12,1041 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities {789) {789} {91,2011 {91.2011 Net decrease in cash and cash equivalénts Cash and tash equivalents at beginning of year Cash and Cash equivalents at end of year {8,208} 38,833 {93,3051 132,137 30,625 38,832 The notes on page5 11 to 19 forni part ol these financial statements. 10
Southend United Community Foundation Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2024 General infomiation The charity was established on 16 March 2004 and registered at Companies House as a company limited by guarantee on Ihal date undér cornpany number 05074505. The charity was registered with the Charity Commission on 17 August 2018 under registration number 1105515. ststement of Compliance These financial statements have been prepared In compliance with FRS 102, 'The Financial Reporting Stsndard applicable in the UK and the Republ of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland {FRS 102) {Charilies SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basls of preparatlon The financial slalemenls have been prepsred on the historical cost basis, as modified by the revaluation of ¢ert8in financial assets and liabilities measured at fair value through income or expenditure. Golng concern As detailed in the Trustees, Report, lo enable the continued growth of its educalion provision, the Foundation purchased several classrooms across the preceding financial year and signed SLA to lease land al Garon Park, with all current education provisions bein9 delivered from this sile. The FoundatlDn aims to increase the number of currenl leamers and this investment is allowing such growth. In addition, Southend United Football Club continue to be outside of the English Football League IEFL) and play in the Nalional League. This impacted and wlll conllnue to Smpacl on some yources of funding. After making appropriate enquiries, the Trustees have a reasonable expectation that the Foundation has adequate resources lo continue in operational existence for the foreseeable future. For this reason. Ihoy continue lo adopt the going concern basis in tha preparation of the financial slalements. Llabilities and provisions Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past event. il is probable that a transfer of econornic benefit will be required in settlement, and the amount Of the settlement can be eslimaled reliably. Liabilities are recognised al the amount that the company anlicipales il will pay 10 Settle the debl or the amount it has received as advanced payments for the goods or services it musl provide. Provisions are Tneasured al the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is m8leri81, the provision is based on the present value ol those amounts, discountéd al the pre-tax discount rale Ihal reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of financial aclivilies as a finance cost. 11
Southend United Community Foundation Company Limited by Guarantee Notes to the Flnancial Statements Icontinued) Y8ar ended 31 August 2024 Accounting policigs {confinuedJ Fund a¢¢ounting General lund8 are unreslricled funds which are available for use al the discretion of the Trustees in lurtherance of the general objectives of the company and which have not been designated for other purposes. Restrictèd funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is sel out in the notes to the financial stalemenls. Income All income is recognised once the company has enliilement lo th8 income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Expendlture Expenditure is recognised once there is a legal or conslruclive obligation lo Iransfer economic benefit to a third party, il is probablo that a transfer of economic benefi15 will be required in settlement and Ihe amount of the obligation can be measured reliably. Expenditure is classified by activity, The costs of each acliwty are made up of the total of direcl costs and shared Costs, including support costs involved in undertaking each activity. Direct costs allribulable lo a single activity are allocaled directly to that activity. Shared ¢osls which contribute lo more than one activity and support cosls which are not attributable lo a single activity are apportioned between thos8 activities on a basis consislenl with the use of resources. Central staff cosls are allocated on the basis of time spent, and depreciation charges allocaled on the portion of the asset's use. Expendilure on charitable aclivilies is incurred on directly undertaking the activities which further Ihe COMpanS objectives, as well as any associated support costs. All 8xpéndilure is inclusive of irrecoverable VAT. 12
Southend United Community Foundation Company Limited by Guarantee Notes to the Financial Statements (conttnuedj Year ended 31 August 2024 Accounting policies (continuedj Tangible assets Tangible fixed assols are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognttion. under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment 1055es. All costs incurred to bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets less Ihelr re3idual value over their estimated useful livès, using the straight-lin8 m&lhod. Dapr8cialion 15 provided on the following bases.. Motor vehicles Fixluros and fittings 33./0 slraighl line 150/., 200/u & 33./0 Stralghl line Flnanclal Instrument$ The company only has financial assels and financial liabilities of a kind thal qualify as basic rinancial instruments. Basic financial inslrumenls ar8 initially recognised at IransaclSon value and subsequently measured al Iheir setllemenl value with the exception of bank loans which are subsequently m8asured al amortised cost using the effective inlèresl melhod. Limited by guarantee The Members of the company hav8 given an undertaking to conlrlbule towards the assets of the company in the event of windin9 up. Each Mèmber's liability is lirnited to £10. Donatlons and legacies Unrestricted Funds Reslricled Total Funds Funds 2024 Grants Participation Education Cohesion Health 328,812 373,987 66,189 15,375 784.363 44,112 7,920 117,083 372,924 381,907 183,273 15,375 953,479 169,115 13
Southend United Community Foundation Company Limited by Guarantse Not8S to the Financial Statements (continued) Year ended 31 August 2024 Donations and legaeies (continued) Unrestricted Funds Reslri¢ted Total Funds Funds 2023 Grants Participation Education Cohesion Héalth 335.133 285,902 49,896 13,645 46,877 99,029 161.027 382,010 384,930 210,923 13,645 991,508 684,576 306,933 Exp•ndlture on charltable actlvltles by fund type Unreslricled Funds Reslricled Total Funds Funds 2024 Participation Education Cohesion Health Support costs 162,964 236,751 87,548 28,224 27.561 74.912 191.188 264.311 162,460 282.508 60,911 343,421 769.771 191,608 961,380 Unrestricted Funds Reslricled Total Funds Funds 2023 Participation Education Cohesion Health Support costs 177,922 223,460 50,847 79 2SO,485 702,793 29,724 59,799 102,107 207,647 283,259 152,955 79 362,789 1,006,729 112,307 303,937 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Parlicipation Education Cohesion Health 191,188 264,311 162.460 134,318 137,554 66,010 5.539 325,506 401,865 228,470 5,539 347,423 424,104 230,131 5.071 617,959 343,421 961,380 1,006,729 14
Southend United Community Foundation Company Limited by Guarantee Notes to th8 Financial Statements i¢onfrnued) Year ended 31 August 2024 Analysis of support costs Participalion Education Cohesion Health Total 2024 Total 2023 General office Governancé costs 127,279 7.040 130,344 7,210 62.550 3,460 5,247 290 325,420 18,000 344,790 18,000 134,319 137,554 66,010 5,537 343.420 362,790 Not gxpendituro Net expenditure is slated after chargingl{creditingl'. 2024 2023 Depreciation of tangible fixed assets 21,830 22,253 10. Independent examlnatlon fees 2024 2023 Fees payable lo the independent examiner for: Independenl examination of the financial slatemenls Other financial sernices 3,600 14,400 3,600 14,400 18,000 18,000 11. Staff costg The total staff costs and employee benefits for th8 reporting period are analysed as follows.. 2024 2023 Wages and salaries 503,402 481.829 The average head count of employees during the year was 2612023.. 301. The average number of full-lime equivalent employees during the year Ss analysed as follows: 2024 2023 No. General & administrative staff 28 30 The number of employees whose remuneration for the year fell within the following bands, were: 2024 2023 No. £60.000 10 £69,999 Key Management Personnel 15
Southend United Community Foundation Company Limited by Guarantee Notes to the Financial Statements {continuedJ Year ended 31 August 2024 11. Staff costs (continuedj Key management personnel include all persons that have authority and responsibility for planning. directing and contTolling the activities of the charity. The lolal compensation paid to key management personnel for services provided lo the charity was £68,99112023=£66,000). 12. Trustee r•muneration and expenses During the year, no Irustees received any remuneration or other benefSts12023 - £NI LI. During the year ended 31 Augusl 2024, no Trustee expenses have been incurred {2023- £NIL) 13. Tangible fixed assets Short leasehold FSxlures and property fitlings Motor vehicles Total Cost Al 1 Sepiember 2023 Addilions 101,410 789 126,130 62,665 290,205 789 At 31 August 2024 Depreciation Al 1 Sepi@mber 2023 Charge for the year At 31 August 2024 Carrying amount At 31 August 2024 Al 31 August 2023 102,199 126,130 62,665 290,994 4,085 10,212 123,001 3,129 49,218 8,489 176,304 21,830 14,297 126,130 57,707 198,134 87,902 4,958 92,860 97,325 3,129 13,447 113,901 14. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 41,693 88.945 38,666 40,454 85 130,638 79,185 16
Southend United Community Foundation Company Limited by Guarantse Notes to the Financial Statements {continued) Year ended 31 August 2024 15. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Other creditors 63.093 3,600 98.913 3,072 49,509 29,859 59,205 168,678 138,573 16. Analysis of charltable funds Unrestricted funds At 1 September 2023 At 31 August 20 24 Income Expendilure After Schools Coaching Holiday Clubs Coach Education Fulsal Senior Shrimpers Other Unrestricted Funds 53,617 56,727 6,000 365,487 20,609 281,923 153,817) 156.72n 16,000) 1365,487) {20.609) (267,331) (769,771} 70,853 85,445 70,853 784,383 85,445 At 1 September 2022 At 31 August 20 23 Income Expenditure After Schools Coaching Holiday Clubs Coach Education Fulsal Senior Shrimpers other Unrestricted Funds 39,347 82.940 17,280 265,522 3.649 275,838 {39,347) {82,940J 117.280) 1265,522} 13.649} 1294,055) 1702,793) 89,070 70,853 89,070 684,576 70,853 17
Southend United Community Foundation Company Limited by Guarantee Notes to the Financial StatementSlcontinu•dJ Year ended 31 August 2024 16. Analysis of charitable funds (eontinuedj Restricted funds At 1 September 2023 At 31 August 20 24 Income Expénditure Move & Learn Prirnary Stars NCS Premier League Kicks Other Restricted Funds EASST 18,940 25,172 7,920 75,000 2,083 40,000 (18.940} 125,1721 130,413} 175,0001 {2,083) 140,0001 {191,6081 22,493 22,493 169,115 Al I September 2022 Al 31 August 20 23 Income Expenditure Move & Learn Primary Stars NCS Premier League Kicks Other R@slric18d Funds EASST 21,877 25,000 99,029 100,000 21,027 40,000 (21,8771 125,000) 196,033) 1100,0001 121,027) 140,0001 (303,9371 19,497 22,493 19,497 306,933 22,493 17. Analysi3 of net assets between funds Unrestricted Reslriclgd Total Funds Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 92,860 161,263 1168,678) 85,445 92,860 161,263 {168,6781 85,445 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 113,901 95,525 1138,5731 70,853 113,901 118,020 {138,5731 93,348 22,495 22,495 18
Southend United Community Foundation Company Limited by Guarantee Notes to the Financial Statements i¢onlnued) Year ended 31 August 2024 18. Cash generated from operations 2024 2023 Nel expenditure 17,9011 115,2211 Adjustmenls for Depreciation of tangible fixed assets Aocrued income 21,830 (52,289) 22.253 1107,1351 Changes in.. Trade and other debtors Trade and other creditors {25.423) 56.364 20,931 77,068 17,419) 12,1041 Ig. Analysis of changes in not debt At At 1 Sep 2023 Cash flows 31 Aug 2024 Cash at bank and in hand 38,833 (8,208) 30,625 19