Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION CAMBRIDGE UNITED FOUNDATION LTD (FORMERLY: CAMBRIDGE UNITED COMMUNITY TRUST LTD) (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS For the year ended 30 June 2024 Charity Number: 1137275 Company Number: 07180620 Registered Office: The Cledara Abbey Stadium, Newmarket Road, Cambridge. CB5 8LN
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD Annual report and financial statements for the year ended 30 June 2024 Page Trustees. report Independent examiner's report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements 10-15
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD Annual report for the year ended 30 June 2024 Charity Name.. Cambridge United Foundation Charity Registration Number= 1137275 Company Registration Number: 07180620 Registered Office.. The Cledara Abbey Stadium, Newmarket Road, Cambridge, CB5 8LN The trustees, who have overall control of a charity and are responsible for ensuring that it fulfils its charitable purpose, present the annual ststement together with the financial statements of the charitable company for the year end 30 June 2024. The name of the charity was changed from Cambridge United Community Trust Ltd to Cambridge United Foundation Ltd by Special Resolution on 1 August 2023. Trustees and officers The trustees and offir$ serving during the year and since the year end were as follows.. Mrs H S Allen (appointed 1 September 2023,. resigned 31 Dember 2024) MrJJCBell Mr D G Daniels {resigned 31 December 2024) Rev D J Driver (appointed 20 July 2024) Ms J Goodall Mr J Hill Mr C H Loch (resigned 31 July 2023) Miss A L Kempski (appointed 21 August 2023) Mr S C Munday CBE Mr P J Schofield Mr G W N Smith {appointed 1 July 2023) MrMR Winn Cambridge United Foundation was established in 2010 to deepen further the impact of the Club's work in the community. Cambridge United's vision is 'to compete at the highest level of the English Football League whilst operating a sustainable football club embedded within the heart of its community,, demonstrating a dear commitment to Cambridge residents. Serving as the charitable arm of the football club, the foundation is deeply rooted within the fabric of the organisation. It works across the city to enhance the lives of the local community across a wide range of programmes. Our Mission To harness the power of sport to make a positive impact on the community we serve. Our Vision To enhance lives across Cambridge. Our Values Fully aligned with those of the football club we so proudty represent, Cambridge United Foundation is built upon a clear set of values, embodied by staff, partners and participants alike. These shared principles enhan relationships, strengthen community connections and in tum ensure long-lasting, meaningful impact. BeAs irational We strive to be role models in our community. We have high aims for the change that we can make in people's lives. We aim to be engaging and motivated to make every contact count. Be Honest We endeavour to be true to our word: when we say we're going to do something, we do it. We display integrity in every aspect of our work. We aim to be consistently professional in our behaviour & presentation.
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD Annual report for the year ended 30 June 2024 Be Resilient We continually strive for success, no matter the challenges or setbacks. We don't give up on people.. other staff or participants. We aim to be proactive in seeking support and feedback. Be Inclusive We understand, and our work is informed by, the different backgrounds of our participants. We strive to be approachable.. forming meaningful relationships with all we meeL We are passionate about equality and fairness. Our Why Cambridge is officially the UK'S most unequal city. As a world-renowned city, it is famed and admired for education, research, and technology. However, the top 6 % of earners who live in Cambrid e take home 19 % of the total income. The bottom 20°/o of the local population accounts for just 2 %. Shockingly, the average life expectancy for men and women in the most deprived areas of Cambridge compared to the most affluent ones is 11.6 years less (ONS, 2021). This is simply unacceptable. The Abbey and Kings Hedges wards- on Cambridge United's doorstep - are amongst the 20 % most deprived areas in the UK. As a football club based in the Abbey ward, we have an inherent responsibility to reduce these inequalities. Our work takes myriad forms, from mentoring in schools to open-access football for vulnerable groups and Seniors, Lunches, alongside a host of other genuinely impactful programmes. We are determined to improve community wellbeing through this work. Enhancing lives with the football club on matchdays through ventures such as ticketing initiatives and our matchday Kidszone, we give greater access to the stadium and the chance to roar on the Amber Amy in action. Safeguarding Trustees take overall responsibility for the direction and governance of the foundation and do this through a variety of inteNentions. Board meetings are held on a quarterly basis, where the whole board, Head of Foundation, Chief Executive of the football club and any relevant guests meet to review its alignment to strategic aims. During these meetings, four key areas are covered (safety effectiveness, finan, performance and people) and at the end of each section, a risk assessment is reviewed and approved as required. Individual trustees have key responsibilities (including finance. safeguarding, income generation and EDI} to ensure support in these key areas is provided to the foundation's executive staff team. Our Impact Having generated almost £3,000,000 of social value over the past three seasons and engaging with 10,000+ Cambridgeshire residents on an annual basis, Cambridge United Foundation is in a unique position to serve our local community, especially those most vulnerable. We are committed to fulfilling this potential. Our target groups for support are.. Older adults, by creating a social neOrk for people to help tackle loneliness in later life and also help prevent hospital admissions, kPIng them physically active and living independently for longer. 2. Adults who experience barriers to physical activity and education opportunities, by providing inclusive football sessions in their local area and offering volunteering experiences to boost their confidence and CV as they aspire to asS work. 3. Young people, through sporting opportunities, making them free and aCSsible, as well as engaging with key schools in their area to offer mentoring and curriculum interventions to boost their future academic pathway. Our impact data is consistent with our vision and mission, to enhan lives through sport- and in particular focusing on improving physical wellbeing. mental wellbeing, social connectedness and personal development. In 2023124 we delivered 894 sessions focused on community engagement
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD Annual report for the year ended 30 June 2024 and development= a total of 881 hours of delivery. In total, 447 individual participants were engaged in these sessions during the season, making 6,480 attendanS beeen them. In addition to this we 1. Subjertive physical wellbeing 47* 5. Subjertive personal development 21-22 2t- 3. Subjective mental wellbeing 8. Subjective sense of community wdtreTh 42 2243 2142 41 2344 delivered over 4,000 sessions to local schools supporting education, training andlor employment. In total, 12,4710 participants were engaged in education, training andlor employment sessions during the year, which was an increase on our 10,436 from last year, giving us a total reach of 12,857 individuals impacted. Having captured data over a three year period, we have been in a position this year to monitor our progress in our key areas of focus" Some additional statistics we are particularly proud of are= 87 % of junior participants were physically active, 450/0 above the Cambridgeshire average. Happiness was on average 20. higher amongstjunior participants compared to the national average. 670/0 of CUF participants agreed or strongly agreed that they made positive changes to their life as a result of their activities with the Foundation. 74 % of adult participants felt a strong or very strong sense of belonging to their local neighbourhood - 20 % above the national average. We have had positive measures of success in each area of focus with all three target group engaged, as illustrated above, however, more importantly. we captured some qualitative feedback from participants too, which again demonstrates the difference the work of the foundation to individuals that tske part in one or more of our programmes. Some examples below.. 'It has helped me with friendships, making new friends and communicating to people in general. It has helped me with my confidence and given a direction for my future." Boy aged 13-15. "It's helped me to interact more with people and feel happier and less anxious sometimes." Girl aged 13-15. 'Helping me to lose weight but also meet people since moving to the area." Male aged 26-35 participating in Community Health Sessions. "l am now getting out with new wonderful friends and have a social lrfe after many years." Female aged 76-85 participating in Forever United programme. "Increased his independence and confidence around other people." Parent of male participant in Disability Sport programme.
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD Annual report for the year ended 30 June 2024 What's Next? Cambridge is truly at a crossroads. Whilst at the heart for growth aspiration for Britain and the burgeoning tech industry, Cambridge remains the most unequal city in the country. It is now time for Cambridge United to raise the bar, on and off the pitch. Working in unison, the Club and Foundation want to be at the heart of the city's growth, helping those most in need. We are proud of our past, but ambitious for the future. setting the aspirational target to double our impact over the next three years. By the end of 2027, we aim to engage with 20.000 people per year, generating £6,000,000 of social value over the life of this strategy. Setting ourselves three key priority areas for 2024-27 that build on previous work, we commit to being a foundation for Cambridge. We will unite with partners and stakeholders to realise a brighter future for this wonderful city. We will be: A foundation for Cambridge that connects communities, bringing people together. A foundation for Cambridge that tackles inequality across our city. A foundation for Cambridge that provides sporting opportunity for all. The trustees wish to express their sincere thanks to all the Foundation staff and volunteers, whose commitment and aspirations for change have enabled us to once again make a significant impact on so many individuals- each one to be celebrated. We have benefited from several significant private individual donations this year, for which we are extremely grateful as the support has enabled us to expand our work and increase our impact across the City and wider Region. We also wish to also express our gratitude to all our partners and sponsors this year, without whom we would not be able to deliver the programmes that engage so many. Our particular thanks go to Cambridge United Football Club and its Owners, English Football League in the Community and the Premier League Charitable Fund. The Professional Footballers Associated, Cambridgeshire County Council, Cambridge City Council and Astrazeneca. Thank you for your steadfast support of our work. Financial Review The results for the year and the financial position are as shown in the annexed financial statements. The total funds of the Cambridge United Foundation Ltd were £400,504 at 30 June 2024 with restricted funds of £143,586, Designated Funds of £77,441 and Unrestricted Funds of £179,477. Free reserves at 30 June 2024 were £170,614. Reserves Policy Our reserves policy states we are to maintain a sufficient level of reserves to enable normal operating salaries to continue of up to 3 months should a complete cessation in income occur, this would be a minimum of £120,000. Our aspiration for next financial year is to be able to increase this to 6 months, equating to £250,000 in reserve. Public Benefit The public benefit of Cambridge United Foundation Ltd is described above.
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD Annual report for the year ended 30 June 2024 Statement of trustees. responsibilities The trustees (who are also the directors of Cambridge United Foundation Ltd for the purposes of company lawl are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of reSoUs, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitsble accounting policies and apply them consistently- observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the rna1ntenan and integrity of the corporate and financial information included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Approved by the Trustee's and Signed on their Behalf: Mr G Smith Chair of the Board of Trustees Date: 27 March 2025
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD INDEPENDENT EXAMINER'S REPORT For the year ended 30 June 2024 I report on the accounts of Cambridge United Foundation Ltd for the year ended 30 June 2024, which are set out on pages 7 to 15. RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'}. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(bl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Repo.ng Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no COnrnS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Naomi Jane Hedger BFP, FCA, CTA Chater Allan LLP 7 Quy Court Colliers Lane StOW-cum-Quy Cambridgeshire CB25 9AU Date". 28 March 2025
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) For the year ended 30 June 2024 Unrestricted Designated Restricted Funds Funds Funds Total 2024 Funds Total 2023 Funds Note Income from: Restated Donations Charitable activity Total 356,709 162.973 519,683 91,951 292,745 25,470 318,215 741,406 188,443 929,849 301,955 192,938 494,893 91,951 Expenditure on: Charitable activity Total 375,288 375,288 14,510 14,510 208,574 208,574 598,372 598,372 570,425 570,425 Net Incomel(Expenditure) 144,395 77,441 109,641 331,477 75,532 Net Movement in Funds 144,395 77,441 109,641 331,477 75,532 Reconciliation of Funds: Total funds brought forward 35.082 13,322 48,404 130,559 Prior year adjustment 15 20,623 20,623 14,000 Total funds brought forward (restated) 35.082 33,945 69,027 144,559 Total funds carried foward 179 477 143 586 400 504
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD (Company Number: 07180620) BALANCE SHEET As at 30 June 2024 2024 2023 Nots Restated FIXED ASSETS Tangible fixed assets 8,862 3,640 CURRENT ASSETS Debtors Cash at bank and in hand 24,257 391,493 415.750 34,704 48,467 83,171 CURRENT LIABILITIES Creditors 24,109 17,784 Net current assets 391,641 65,387 Net Assets 400,504 69,027 REPRESENTED BY: Unrestricted Funds Designated Funds Restricted Funds 12 10 11 179,477 77.441 143,586 35,082 33,945 400,504 69,027 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for.. (al ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (bl preparing financial statements which give a true and fair view of the state of affairs of the company asat the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial ststements. so far as applicable to the company. The Financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. 27 March 2025 The financial statements were approved by the board of directors on and signed on its behalf by- Mr G Smith Chair of the Board of Trustees
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD STATEMENT OF CASH FLOWS As at 30 June 2024 Note 2024 2023 Cash used in operating activities 351,581 (60,565) Cash flows from investing activities: Purchase of fxed assets 8,555 8,555 3,198 3,198 Change in cash and cash equivalents in the reporting period 343,026 (63,763) Cash and cash equivalents at the beginning of the reporting period 48,467 112,230 Cash and cash equivalents at the end of the reporting period 391,493 48,467 Notes to Cash flow statement 1. Reconciliation of net income for the year to net cash flow from operating activities 2024 2023 Net movement in funds Adjustments for.. Depreciation charges Decreasel(Increase} in debtors (Decrease)Ilncrease in creditors 331,477 (82,155) 3,333 10,447 6,325 1,490 13,805 6,295 Net cash inflow {oufflow) from operating activities 351,581 (60,565 2. Analysis of cash and cash equivalents At1 July 2023 At30 June 2024 Cash flow Cash at bank and in hand 48,467 343,026 391,493 48,467 343,026 391,493
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2024 ACCOUNTING POLICIES Basis of accounting The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. Going concern basis The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Charitable activity Delivery of physical and social activities that enhances the lives of individuals in the local community- Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be reiVed and the amount of the income receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perf0rrnan by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Deferred income represents amounts received for future periods and is released to income in the period for which, it has been received. Such income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods- or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. 10
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2024 ACCOUNTING POLICIES (continued) Tangible fixed assets Individual fixed assets are capitalised at cost. Tangible fixed assets are depreciated on a straight line basis over their estimated useful lives as follows.. Equipment 3 years and 5 years Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2024 INCOME FROM DONATIONS AND GRANTS Unrestricted Designated Restricted Funds Funds Funds Total 2024 Total 2023 Restated 93,331 208,624 301,955 Donations Grants 317.154 39.556 356,709 91,951 21 292,724 292,745 409,126 332,279 741,406 91,951 CHARITABLE ACTIVITY INCOME Unrestricted Designated Restricted Funds Funds Funds Total 2024 Total 2023 Schools income Sponsorship Miscellaneous 160,290 160,290 25,470 2,683 188,443 162,950 29,988 25,470 2,683 162.973 25,470 192,938 Total of the income 519,683 91.951 318,215 929,849 494,893 CHARITABLE ACTIVITY EXPENDITURE Unrestricted Designated Restricted Funds Funds Funds Total 2024 Total 2023 Direct costs Direct wages Event costs Management wages Advertising and marketing Accountancy Consulting fees Fundraising Travel costs Insurance Staff costs Office costs Telephone costs Payroll costs Depreciation Bank fees Sundry expenses Governan costs Independent Examination 24.397 183,589 5,816 72,755 910 8.820 11,664 38,342 1,289 1,550 10,640 6.856 1,799 2,105 3.333 208 13 15,277 144,171 49,126 39,674 339,960 54,942 72,755 910 8,820 13,974 38,342 1,289 1,550 10,640 6,856 1,799 2,105 3,333 208 13 56,748 338,145 56,495 80,013 4,726 5,293 6,195 1,772 2,037 1,621 4,952 5,969 2,042 2,088 1,490 230 13 12,200 2,310 1.200 375,288 1,200 598,372 595 570,425 14,510 208,574 12
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2024 STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension contributions 389,635 19,572 7,628 416,835 385,531 25,843 6,784 418,158 The average number of persons employed during the year was.. 2024 2023 Management and admin Programme delivery 18 22 17 20 Key management personnel The total employment benefits of key management personnel was £80,561 No employee was paid in excess of £60,000 in the year. No remuneration was paid to trustees in the year. No expenses were paid to trustees during the year for SeNiS provided to the foundation. FIXED ASSETS 2024 Total Equipment Cost At 1 July 2023 Additions during the year Disposals during the year At 30 June 2024 9,190 8,555 9,190 8,555 17,745 17,745 Depreciation At 1 July 2023 Charge for year Eliminated on disposal At 30 June 2024 5,550 3,333 5,550 3,333 8,883 8,883 Net book value at 30 June 2024 8,862 8,862 Net book value at 30 June 2023 3,640 3,640 The fixed assets of the charity are all used for charitable purposes. LIABILITY OF MEMBERS The charitable company not having a share capitsl, the members. liability is limited by guarantee in the Memorandum and Articles of Association. 13
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2024 DEBTORS: Due within one year 2024 2023 Trade debtors Accrued income Prepayments 9,038 7,511 7,709 24,257 7,771 26,048 885 34,704 9. CREDITORS: Due within one year 2024 2023 Restated 3,666 4,236 8,249 1,633 Trade creditors Other creditors PAYEINIC Accruals Deferred income 660 2,842 7,907 4,021 8,678 24,109 17,784 Movement in deferred income.. Balance at start of the reporting period Restatement of deferred income Income deferred to next reporting period Income released from previous periods Balance at the end of the reporting period 20,623 {20,623) 8,678 8,678 10. DESIGNATED FUNDS Fund blfvid Income Expenditure Fund clfvid Legacy donation Partner donation 60,701 31,250 14,510 46,191 31,250 Legacy donation - The Board of Trustees agreed to invest the donation towards a social media officer (internal) and trial a use of a grant writer for two years (extemal). Partner donation - The Board of Trustees allocated the donation to support the wider work of the foundation in supporting people with disabilities to access sport. 14
Docusign Envelope ID.. 2c04E5CU93C489E-9CEf9Bl426E79S69 CAMBRIDGE UNITED FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2024 11. RESTRICTED FUNDS Fund blfwd Income Expenditure Fund clfvid Restated 33,945 CUF Programmes 318,215 318 215 208,574 208 574 143,586 143 586 CUF Programmes - Income received related specifically to an individual programme being delivered. 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Designated Funds Restricted Funds 2024 Total Fixed assets Net current assets Fund balance 8,862 170,614 179,477 8,862 391,641 400,504 77,441 77,441 143,586 143,586 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Restated Income from: Donations and grants Charitable activity.. Total 142,231 162,950 305,181 159,724 29,988 189,712 301,955 192 938 494,893 Expenditure on: Charitable activity.. Total 399,948 399,948 170,477 170,477 570,425 570,425 Net Movement in Funds 94,767 19,235 75,532 14. RELATED PARTIES There are no related paty transactions during the year (2023 £ nil) 15. PRIOR YEAR ADJUSTMENT Income received in 2022 and 2023 was deferred when the income should have been recognised as restricted income. Restricted Funds increased by £20,623 to £33,945 for the year ended 30 June 2023. 15