Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc Charity registration number 1135364 (England and Wales) Company registration number 07120992 GRASSROOT SOCCER (UK) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) LEGAL AND ADMINISTRATIVE INFORMATION Contents Page Trustees, Report Statement of trustees, responsibilitr.es Independent auditor's report Statement of linancial activities Balance Sheet ststement of cash flows io Notes to the financial statements 11-18 Trustees A N Haigh D Seale E Summe D Gallagher T Clark (Served as CEO during the year) Q Fortune R Hobbis R Kovaleva Charity number IEngland and Wales) 1135364 Company number 07120992 Registered office 63-66 Hatton Garden, Fifth Floor, Suite 23, London, ECIN 8LE Auditor HW Flsher Audit, Acre House, 11-15 William Road. London NWI 3ER Bankers National Wesminster Bank Plc, 46 Nothng Hill Gate. Nothng Hill, London. Wll 3HZ
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance wwth the accounting policies set out in note I to the financial statements and comply with the Companies Act 2006 and "Accounting and Reporbng 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 IFRS 1021 (effective l January 20191" ABOUT GRASSROOT SOCCER Grassroot Soccer IGRSI is an adolescent health organization that leverages the power of soccer to equip young people with the life-5aving information. services, and mentorship they need to live healthier lives. GRS trains and empower5 young community leaders and role models as Coaches to deliver critical health education 3n(I support to youth in their communities. GRS delivers comprehensive programming through affiliate country programmes in Zambia and South Africa, and works as a technical assistance provider with organisations in over 45 countries. The contributions of Grassroot Soccer UK IGRS UK) are to provide programmatic oversight and grant management support, and to facilitate the sharing of best practices between GRS partner organisations and affiliates. GRS UK is a registered charity with its own Board of Directors and brand ambassadors who contribute to GRS'S communicatr.ons and assist with fundraising and events. GRS UK is registered as a charitable company under the Companie5 Act 2006 in the United Kingdom. VISION, MISSION AND PRINCIPLES Our Mission: Grassroot Soccer IGRSI is an adolescent health organization that leverages the power of soccer to equip young people with the life-saving informatr"on. services, and mentorship they need to live healthier lives. Our Vision: A world mobilised through soccer to create a healthy generation. Our Principles: l. Young people have vast potentr.al to create meaningful change and play a significant role in realising a healthy future for themselves. 2. Soccer is an ideal way to reach, educate, and inspire young people in a language they understand and enjoy. 3. Solving public health challenges for adolescents requires an integrated, collaborative, holislK, and community-wide approach. CHARITABLE OBJEcnvES The objects of GRS UK are to empower youth around the world with the knowledge. skills, and support to live a healthy life. GRS UK works hand in hand with its parent, Grassroot Soccer, Inc. to achieve this objective by prospecting and securing funding for its partner organisations overseas, and by bringing visibility to the power of soccer to further positr.ve social change. GRASSROOT 50CCER'S WORK Grassroot Soccer IGRSI programs leverage the universal appeal of soccer as a platform to reach adolescents during this critical developmental time. Using soccer as the hook, GRS engages adolescents in making healthy decisions through their 3C's: 11 An adolescent-friendly and evidence-based health Curriculum, 21 The supportive influence of local mentor and role model Coaches, and 31 a fun. inclusive, and positive Culture. This model empowers adolescents to make educated choices about pressing health challenges such as HIV/AIDS. Sexual health. gender-based violence. mental health. COVID-19 and malaria. GRS'S evidence-ba5ed programs, led by trained local mentors, incorporate soccer into dynamic lessons about health and welness that engage young people and break down cultural barriers. Grassroot Soccer provides technical assistsnce to organizations throughout the world that seek to adopt the GRS model. By working alongside local implementing partners. they are able to increase the stale and impact of thar programs in an efficient and sustainable way. GRS works with local community-based and international organizations to adapt, deliver, and evaluate the GRS model in their local communities. Technical assistance from GRS often includes projett design support, curriculum development, training delivery, organizatt.onal development, monitoring and evaluatr"on, and fundraising. GRS has also launched soccer-based development initiatives with governments. corporations. and civil society partners worldwide. Since 2002, GRS globally has reached over 28.000.000 young people through wt5 programmes and partnerships. and has demonstrated remarkable results. In 2024, Grassroot Soccer continued to address adolescents, greatest health challenges, reaching close to 2,000,000 young people with life-saving health information and services on topics including sexual and reproductive health, HIV, gender-based violence, mental health and more.
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 GOVERNANCE AND MANAGEMENT GRS UK is a charitsble company limited by guarantee. incorporated on 9 January 2010 and registered as a charity on 7 April 2010. The company was established under a Memorandum of Association. which established the object5 and power5 of the charitable company and is governed under its Articles of Association. The Grassroot Soccer UK Board of Directors governs the charity in the UK and is responsible for determining policies and overseeing the strategic direction of the organisation. The Board meets one to three times per year and delegates the day-to-day operations of the UK organi5ation to the UK Director in consultation with the Chief Executive Officer. The directors of GRS are its trustees, collectively known as the Board of Trustees. The trustees Seed during the year and up to the date of signature of the fi.nancial statement-. A N Haigh Dseale Esumme D Gallagher R Moore Hobbis (Appointed on 30 September 20241 Q Fortune (Appointed on 28 October 20241 R Kovaleva IAppointed on 30 September 20241 Dr Tommy Clark Iserved as the Chief Executive Officer during the yearl New trustees are appointed by the existing trustees or member5. A5 soon as appointment occurs land often prior tol. trustees receive a full slate of information related to the charity. This includes governance and policies li.e. conflict of interest, safeguarding, insurance and liability coverage), as well as documents relevant to our work and the ajolescents we reach with our programs. New trustees will meet with the chair and various stsff to ask questions and learn about the operations of the organizatr"on. The Charity Commission approved revised Articles of Association for Grassroot Soccer UK in May 2019. All trustees give of their 'me freely and no trustee remuneration was paid during the year. Trustees are required to disclose all relevant interests and in accordance with the charity's policy withdraw from decision where a conflict of interest arises. FUNDRAISING GRS UK is establishing a presence in London that has Strengthened the commitment of existing UK-based partners and secured new revenue streams by implementing effective. targeted fundraising strategies and building strong relation5hip5. The fundraising efforts for Grassroot Soccer UK are performed in conjunction with the fun(Iraising efforts of Grassroot Soccer, Inc. in the US. The staff and resources are shared. Neither the charity or anyone acting on its behalf is subscribed to any fundraising schemes in benefit of the organization. The charity uses a consultant to support with logistics of events that take place in the UK, but is not a professional fundraiser. The work is managed and closely monitored by the GRS, Inc staff, event committees and the charity's board. There were no complaints received by the charity during the year about any of it'5 fundraising efforts. and the charity works hard with all staff across the world to steward great relationships. The safeguarding of staff, volunteers, participants as well as any current or potential donors against undue influence is a top priority- All staff and volunteers sign a safeguarding policy and are required to attend online training in safeguarding and reporhng. This mainly focuses on children, and the people we serve, but it applies to all areas of the charity's work. RELATED PARTIES Grassroot Soccer UK acts as a fundinE partner within Grnssroot Soccer. Inc. la non-profit corporation in the United States). Also under the affiliation of Grassroot Soccer, Inc. are two companies who directly implement programming objectives of Grassroot Soccer, Inc. These companies are Grassroot Soccer South Africa and Grassroot Soccer Zambia. ACCOUNTABILITY GRS UK strives for the utmost accountability and transparency with donors and partners. GRS involves diverse Stakeholders in number of areas of it5 operations to ensure prograrnming is functioning at the highest capacity. including local government5 and stakeholders, local and international implementing partners, and donors. The multi-faceted nature of GRS'S approach Ihealth, education, soccer, youth development, child protection) puts GRS in a unique position to serve as a link between various wings of government and social services. including ministries of health, education. youth. sport, and social development.
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 RISK MANAGEMENT The Trustees are responsible for identifying and reviewing the risk5 to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have identified two relevant risk5 in the current landscape. The first is linancial in that very few of the programmatic expenses of the charity are incurred in Sterling, $0 are subject to fluctuating currency exchanges. This risk is minimised by working to move funds lespecially grant funds) into the currency of spend as soon as possible. The other risk identr.fied is operatr.onal and is the effect of the political and world heath views on HIV and adolescent health. which can affect funding. This risk has led to the development of a Strategic plan that will allow for a more nimble approach to growth and the cycle of funding and broaden our leach in the adolescent health world. PUBLIC BENEFIT The Trustees confirm that they have complied with the duty in the Charities Art 2011 to have due regard to the Charity Commission's guidance on public benefit. which addresses the need for all charib"es' aims to be, denY)nstrably, for the public benefit. FINANCIAL REVIEW The charity continues to fund its activities through corporate and individual donations and from fundraising events. Totsl income raised in the year was £550,40312023= £1.221.5591 of which £nil12023'. £nill was restricted. Total expenditure was £812,913 12023= £896,736). RESERVES POLICY As at 31 December 2024, the Charity had reserves totsling £588,59212023= £851.1021, of which £nil12023.' £nill were restrirted. GRS UK has very few direct operatr.ng expenses and tskes measures to get money out to affiliates for programming and keep low reserves in the UK. The trustees are satisfied that the reserves held within the Charity are sufficEnt for future needs. FUTURE DEVELOPMENTS GRS UK is aligned with and supports GRS'S global strategy. which seeks to build on existing partnerships to achieve broad. sustainable adoption of its model by strategic stakeholders. This includes national governments, INGOS, and community partners in its core countries and beyond. GRS see5 Potential for its soccer-based demand creation model to become embedded in the national strategies of every country facing a generalised epidemic. In 2025, GRS UK will focus on the following 5 objectives= Objective I.. Strengthen existing donor and partner relationships Objective 2.. Unrestricted fundraising Objective 3.. Build presence and raise awareness of GRS in UK Objective 4.. Leverage power of soccer and promote soccer to the forefront of the organization Disclosure of information to auditor Each of the trustees has confi.rmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor 15 unaware. They have further confirmed that. individually they have taken appropriate steps to identify such relevant information and to estsblish that the auditor is aware of such information. AUDITOR In accordance with the charitable company's articles, a resolution proposing that HW Fisher Audit reappointed as auditor of the company will be put at a General Meetr"ng. half of the board BDY4FB¥S13CXI A N Haigh Trustee Dated- 19 September 2025
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, who are also the directors of Grassroot Soccer (UK} for the purpose of company law, are responsible for preparing the Trustee5' Report and the financial statements in accordance with applicable law and United Kingdom P£counting Standard5 (United Kingdom Generally Accepted Accounting Prathcel. Company law requires the trustees to prepare financial statements for each financial year which gve a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements. the trustees are required to= select 5Ultable accounting policies and then apply them conslStently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements- and prepare the financial statement5 ori the going concern basis unle55 it 15 inappropriate to presuirp that the charity will wntinue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the chaiity and hence for taking reasonable steps for the preventr.on and detectt.on of fraud and other irregularitie5.
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GRASSROOT SOCCER (UK) Opinion We have audited the financial statements of Grassroot Soccer IUKI Ithe charity'l for the year ended 31 December 2024 which comprise the statement of financial activities. the balance sheet. the statement of cash flows and notes to the financial statements, including signilicant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finonciol ReportFng Stondord opplicoble in the UK ond Republic of Irelond (United Kingdom Generally Accepted Accountr"ng Practr"cel. In our opinion, the financial ststements.. give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources. including its income and expenditure. for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor s responsibilities for the oudit of thefi'nonciol stotements sectr.on of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC's Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufliciert and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the fi.nancial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a p)ing concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual rpport. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibilwty 15 to read the other information and. in doing so. consider whether the other information is materially inconsistent with the linancial ststements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this Other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of our audit= the informatr.on given in the trustees, report for the financial year for which the financial statements are prepared, which includes the directors. report prepared for the purposes of company law. 15 COnSlStent with the financial statement5,' and the directors, report included wrthin the trustees, report has been prepared in accordance with applicable legal requirement5.
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GRASSROOT SOCCER (UK) Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtsined in the course of the audit, we have not identified material misststements in the directors. report included wwthin the trustees. report. We have nothing to report in respect of the following matters in relation to which the Companies P<t 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or the fi.nancial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneratr.on specified by law are not made,. or we have not received all the information and explanations we require for our audit- or the trustees were entitled to prepare the financial statements in accordance with the Small comparies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a Strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the director5 of the charity for the purpose of company law, are responsible for the preparatr.on of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the linancial ststements, the trustees are responsible for assessing the charity's ability to conb'nue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternab.ve but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststement, whether due to fraud or error. and to issue an audwtor's report that includes our opirion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misststements in respett of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below. A5 part of our planning process= We enquired of management the systems and controls the charity hès in place. the areas of the financial statements that are most susceptible to the risk of irregularities an(J fraud, and whether there was any known, sUspted or alleged fraud. The charity did not inform us of any known, suspected or alleged fraud. We obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined that the following were most relevant= the Charity SORP. FRS 102. Charities Act 2011. Companies Act 2006, Dats Protection and Employment Law. We considered the incentives and opportunities that exist in the charity, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordinglv. Using our knowledge of the charity, together with the discussions held with the charity at the planning stage, we formed a conclusion on the risk of misstatement due to irregularwh.es including fraud and tailored our procedures according to this risk assessment.
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GRASSROOT SOCCER (UK) The key procedures we undertook to detect irregularities including fraud during the course of the audit included= Identifying and testing journal entries and the ¢)verall accounting records. in particular those that were significant and unusual. Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied. Testr"ng key revenue lines, in particular to ensure occurrence of income in the year. Asse55ing the validity of the classification of income. expenditure. assets and liabilities and unrestricted funds. ObtaininE third-party confirmation of material bank balances. Documenting and verifying all significant related party balances and transactions. Reviewing documentation such as the charity board minutes for discussions of irregularities including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have (Ètected some material misstatements in the fi.nancial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the trustees of the charity. A further description of our responsibilities is available on the Financial Reporting Council's website at: https.'//www.frc.org.ukl auditors responsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a l)ody, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's memtrErs those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's memb£Ys as a body, for our audit work, for this report, or for the opinions we have formed. ora Diccon Thornely (Senior Statutory Auditor) For and on behalf of HW Fisher Audit, ststutory Auditor Chartered Accountants Acre House 11-15 William Road London NWI 3ER United Kingdom Date= "19'SèP'2025
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Unrestricted funds funds 2024 2023 Notes Income from: Events income and donations 545,153 635,556 Charitable activities Gala income 582,108 3,895 Investment income 5,250 Total income 550,403 1,221,559 Ex enditure on: Raising funds 135,084 333,527 Charitsble activities 677,829 563,209 Total resources expended 812,913 896,736 Net lexpenditurellincome for the year/ Net movement in funds 1262,5101 324,823 Fund balances at I january 2024 851,102 526,279 Fund balances * 31 December 2024 588.592 851.102 The statement of linancial activities includes all gains and10sses recognised in the year. The statement of financial activitie5 includes all gains and10sses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 14 904 Current assets Debtors Cash at bank and in hand 15 1,462 614,240 72,207 815,967 615,702 128,0141 888,174 137,0721 Creditors: amounts falling due within one year 16 Net current assets 587,688 851,102 Total assets less current liabilities 588,592 851,102 The fund5 ofthe charity Unrestricted funds 17 588.592 851,102 588.592 851,102 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 19 September 2025 The financial statements were approved by the trustees on . stted br. eQ24FY&ry18fX¢EE... A N Haigh Trustee Company registration number 07120992 (England and Wales)
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash lab50rbed byllgenerated from operations 21 1205.7251 285,875 Investing activities Purchase of tangible lixed assets Investment income received 11,2521 5,250 3,895 Net cash generated from investing activities 3.998 3,895 Net cash generated from financing activities Net Idecreasellincrease in cash and cash equivalents 1201,7271 289,770 Cash and cash equivalents at beginning of year 815.967 526,197 Cash and cash equivalents at end of year 614.240 815,967 10-
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information Grassroot Soccer IUKI 15 a private company limited by guarantee incorporated in England and Wales. The registered office is 63-66 Hatton Garden, Fifth Floor, Suite 23, London, ECIN 8LE. 1.1 Accounting convention The financial ststements have been prepared in accordance with the Companies Act 2006 and "Accounb'ng and Repong 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 IFRS 1021 leffective l January 20191" The charity is a Public Benefi"t Entity as defined by FRS 102. The linancial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these h'nancial statements are rounded to the nearest pound. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern The trustees of Grassroot Soccer IUKI. alongside the board members and ser)ior mar)agement team of the parent charity. Grassroot Soccer, Inc. continually monitor operating costs and have put plans in place to mitigate any risks. The charity's income was less this year, but the charity's lixed cost base remains low and thus the other variable cost the charity incurs (outside of event expenditure), grant funding, can be flexed depending on the level of income reCeId and reserves available to the charity. For the above reasons, the trustees have a reasonable expectation that Grassroot Soccer IUKI can continue as a going concern for the foreseeable future and thus the financial statements have been prepared on the going concern basis. 1.3 Charitsble funds Unrestricted funds are available for use at the discretion of the trustees in fUrthenCe of their charitsble objectives. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions hwe been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nob'fied of the donation, unless performance conditions require deferral of the amount. Income tsx recoverable in relation to donations received under Gift Aid is recognised at the tr.me of the donation. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classilied by activity. The costs of each activity are made up of the totsl of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that actr"vity. Shared costs which contribute to more than one activity and support costs which not attributable to a single activity are apporknoned between those activities on a basis consistent with the use of re50urce5. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the a5set'5 use. Costs of raising funds includes those costs incurred to organise and stage the fijndraising events. Grants payable are transfers of fun(Is to affilibtes of the Charity. in furtherance of the Charity¥ charitable objectives. The affi'liates notify the Charity when additional funding of the charitsble activity is required, whereupon the Charity transfers the funds to this affiliate, through its US parent GRS Inc. 11
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinuedl 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently MeaSud at C05t. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Computers 3 years. straight line method The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the ststement of financial acbvities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indicatt.on that those assets have suffered an impairment loss. If any such indicatr.on exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of Its financial instruments. The Charity only has financial assets and financial liabilities of a kind that qualify as basic linancial instruments. These financial instruments are initially recognised at transaction value and subsequently measured at their settlenEnt value. Critical accounting estimates and judgements The trustees are satisfied that there are no significant accountr.ng estr"mates orjudgements in the financial statements. Donations and Gifts 2024 2023 Events income and Donations 545,153 635,556 Non Gala event Pledge 145,153 400,000 435,556 200,000 545,153 635,556 12-
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activities Gala income 2024 Gala income 2023 Events- Tables and Auction tickets 582,108 Income from invertments Unrestricted funds 2024 Unrestricted funds 2023 Interest receivable 5,250 3,895 Raising fund5 Unrestricted funds general 2024 Unrestricted funds general 2023 Staging fundraising events Support costs 92,577 42,507 253,468 80,059 135,084 333,527 13-
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitsble activities Unrestricted Unrestricted funds funds general general 2024 2023 Dirert costs Grant funding of activities (see note 81 444,383 320,358 Share of support and govemance costs (see note 91 Support Governance 208,796 24,650 219,900 22,951 677,829 563,209 Analysis by fund Unrestricted funds 677,829 563,209 Funds Sent to GRS Inc. 2024 2023 Funds sent to GRS Inc. 444,383 320,358 Grassroot Soccer IUKI paid all funds in the year of £444.38312023'.£320,3581 to Grassroot Soccer, Inc. who then distribute the funds to the affiliates. The 2023 amounts have been reclassthed in full from Grants to Funds Sent to GRS Inc. because in both years there were no grants relating to Grassroot Soccer IUKI- 14-
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs Support costs Governance cost5 2024 2023 Depreciation Support costs (Group) Other labour and venue rental Costs Professional fees (Consulting) 348 199,682 8,766 42,507 348 199,682 8,766 42,507 153,916 65,984 80,059 Audit fees Non audit fees 22,250 2,400 22,250 2,400 21,986 965 251,303 24,650 275,953 322,910 Analysed between Fundraising Charitable activities 42.507 208.796 42,507 233.446 80,059 242,851 24.6 251,303 24.650 275,953 322,910 Governance costs includes payments to the auditors of £22.25012023= £21,986) for audit fees, additionally non audit fees of £2,40012023'. £9651. io Net movement in funds 2024 2023 The net movement in funds is stated after chargingllcreditr"ngl.' Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 22,250 348 21,986 li Trustees None of the trustees lor any persons connerted with them) received any remuneration or reimbursement of expenses during the year. 12 Employees The average monthly number of employees during the year was.. 2024 2023 Number Number Administrative staff 15-
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Employees Icontinuedl There were two joiners in 2024. The key management personnel of the Charity comprise the Board of Trustees and the Head of Grassroot Soccer UK. Whilst some staff, both of the Charity. and its US affiliate. manage the day to day affair5 of the Charity. all strategic decision5 are taken by the Trustees who are directly involved in the running of the Charity, along with the Head of Grassroot Soccer UK. The trustees receive no remuneration for their work. Total remuneration paid to key management personnel in the year was £nil12023= £nill. The number of employees whose annual remuneration was £60.000 or more was.. 2024 Number 2023 Number £70,000- £79,999 13 Taxation The charity is exempt from taxation on its activitr.es because all its income is applied for charitable purposes. 14 Tangible fixed assets Computers Cost Additions 1,252 At 31 December 2024 1,252 Depreciation and impairment Depreciab'on charged in the year 348 At 31 December 2024 348 Carrying amount At 31 December 2024 904 15 Debtors 2024 2023 Arnounts falling due within one year: Trade debtors 70,333 465 1,409 Other debtors Prepayments and accrued income 1,462 1,462 72,207 16-
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Accruals and deferred income 8.244 19,770 1.143 35.929 28,014 37,072 17 Unrestrirted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditr.ons by donors and grantors as to how they may be used. These include designated fijnds which have been set aside out of unre5tri£ted funds by the trustees for specthc purposes. At l January 2024 Incoming sources Resources At 31 December expended 2024 General funds 851,102 550,403 1812,9131 588,592 Previous year: At l January 2023 Incoming resources Resources At 31 December expended 2023 General funds 526.279 1.221.559 1896.7361 851,102 18 Analysis of net assets between funds Unrestricted funds 2024 At 31 December 2024: Tangible assets Current assetsllliabilitiesl 904 587,688 588,592 Unrestricted funds 2023 At 31 December 2023: Current assetsllliabilitiesl 851,102 851,102 17-
Docusign Envelope ID. 7A283714-ABO84F4B-BOBB9Bl47OATTDc GRASSROOT SOCCER (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Related party transactions Grassroot Soccer UK'S parent company Grassroot Soccer. Inc. is based in the US. They also have affiliates in South Africa and Zambia where most of their projects are undertaken. Thomas Clark, Chief Eyecutive Officer of Grassroot Soccer, Inc. is a member of all boards of the Grassroot Soccer affiliates, however, it is the US board that has authority over all Grassroot Soccer activities in South Africa, Zambia and the UK. Grassroot Soccer IUKI send funds raised (detailed in note 7 to the financial statements) to Grassroot Soccer,Inc. who then distribute the funds accordingly to the affiliates. 20 Parent undertaking The ultimate controlling party of Grassroot Soccer UK 15 Its parent company. Grassroot Soccer, Inc. which is based in the US, registered office= 7 Allen Street Suwte B4-5. PO Box 632, Hanover NH 03755. USA. 21 Cash (absorbed byllgenerated from operations 2024 2023 IDeficitl/surplus for the year 1262,5101 324,823 Adjustments for: Investment income recognised in statement of fi.nancial activities Depreciation and impairment of tangible fixed assets 15,2501 348 13,8951 Movements in working capital: Decreasellincreasel in debtors IDecreasel/increase in creditor5 70,745 19,0581 158,8051 23,752 Cash labsorbed byllgenerated frorn operations 1205,7251 285,875 18-
Issuer
HW Fisher
Document generated Fri, 19th Sep 2025 17:15:58 BST
Document fingerprint c4cc540ff48b00cc2970c84aa0d9d21a
Parties involved with this document
Document processed
Party + Fingerprint
Mon, 22nd Sep 2025 9:02:43 BST Diccon Thornely - Signer (48b4f51f55921a6f0581adca11e75ac6)
Audit history log
Date
Action
Fri, 19th Sep 2025 17:15:58 BST Envelope generated by Thin McMahon (86.170.31.1) Fri, 19th Sep 2025 17:15:59 BST Document generated with fingerprint c4cc540ff48b00cc2970c84aa0d9d21a (86.170.31.1) Fri, 19th Sep 2025 17:18:05 BST Sent the envelope to Diccon Thornely (dthornely@hwfisher.co.uk) for signing (86.170.31.1) Fri, 19th Sep 2025 17:18:06 BST Document emailed to dthornely@hwfisher.co.uk Mon, 22nd Sep 2025 9:01:54 BST Diccon Thornely viewed the envelope (185.105.75.178) Mon, 22nd Sep 2025 9:02:43 BST Diccon Thornely signed the envelope (185.105.75.178) Mon, 22nd Sep 2025 9:02:43 BST This envelope has been signed by all parties (185.105.75.178)