Viehai Srivaddhanaprabha Foundation Limited Vichai Srivaddhanaprabha Foundation Limited (A Private Company Limited by Guarantee) Financial Statements For the year ended 30 June 2024 chlty Number 1144791 Company Number 07790076 England and Wales
Vichai Srivaddhanaprabha Foundation Limited Contents Page Reference and administrative details of the charity, Ats trustees and advisors Report of the trustees ]ndependent Auditor's Report Sts*ment of fllwi¢ial activities io B8lan¢e sheet li Ststemcnt of ¢ash flows 12 Notes to the fitwicial ststements 13-18
Vichai Srivaddhanaprabha Foundation Limited Reference and Adminlstrative Details of the Charity, its Trustees and Advisors For the year ended 30 June 2024 Trustees and Directors Susan Valerie Whelan Anthony Wayne Lander Alan John Birchenall Anthony John Herlihy- appointed 21 March 2024 Registered office King Power Stadium Filbert Way Leicester LE2 7FL Cornpany registered number 07790076 Charity registered number 1144791 Auditor The Rowleys Partnership Lid Chartered Accountants & Statutory Auditor Charnwood House Harcourt Way Meridian Business Park Leicester LE19 IWP
VRchai Srivaddhanaprabha Foundation Limited Report of the Trustees For the year ended 30 June 2024 The trustees present their annual report together with the financial statements of Vichai Srivaddhanaprabha Foundation Limited ( the charity") for the year ended 30 June 2024. The trustees confirn] that the Report of the trnstees and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Praotioe (SORP) applicable to charities preparing theiT financial statemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (published in October 2019). Structure, Governance and Management Covernlng Document Vichai SrivaddhallapTabha Foundation Limited was incorporated under the Companies Act 2006 as a private company limited by guardntee. It is governed by its Memorandum and Articles of Association dated 28 September 201 l. It was registered as a charity with the Charity Commission on 24 November 201 l. The liability of the members is limited to an amount not exceeding £ l. Organlsatlon The charity is named "Vichai Srivaddhanaprabha Foundation Limited" in honour of the contribution that Khun Vichai Srivaddhanaprabha rnade to the community of Leicester and its Suound1ng areas. Vichai Srivaddhanaprabha Foundation Limited is a registered charity (Charity number 1144791) and as such is operated by a board of trnstees. The trustees oversee the Foundation's working committee, which is comprised of a number of employees of Leicester City Football Club. To facilitste effective operations, the day to day running of the charity is perfornied primarily by the employees of Leicester City Football Club, including fund raising, promotion and marketing activities, dministration, and accounting. The Club and these employees provide the 8ervices with only direct costs of fund raising being incurred by the charity. It is not possible to accurately obtain the value of services provided by Leicester City Football Club, Directors And Trustees The directors of the charity are its trustees for the pun)08e of charity law. Throughout this report they are collectively referred to as the trusie¢5. The trustees who served the ¢harity during the year were as follows.. Susan Valerie Whelan Anthony Wayne Lander Alan John Birchenall Anthony John H¢rlihy- appointed 21 March 2024 Trustees are appointed by the Board of Trustees from the senior management of Leicester City Fooiball Club and from independent local reputable business individuals who bring the required expertise to both generate the expected income and to manage the charity in an appropriate way. All of the trustees are or have been on the Board of other charitable organisations, but support is provided to them where appropriate on the following issues: the obligations of the trustees under charity and company law the main documents whi¢h set out the operational framework for the organisation including the Memorandum and Articles of Association recent copies of minutes of meetings the busine&8 plan and recent fanCIal perforn]ance of the organisation future plans and objectives
Vichai Srivaddhanaprabha Foundation LimRted Report of the Trustees For the year ended 30 June 2024 (continued) Related partles IKicester City Football Club Lin]it¢d ("LCFC") has supported the Charity both fmancially and through facility, accounting and administration support over the year. Susan Whelan is also a Director and Chief Executive of LCFC. Rlsk management The trustees have a risk management stralegy which comprises: an annual review of the 8trategic, business and operational risks which the charity may face the estsblishmenl of systems and procedures lo mitigate those risks identified the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. The main risk to the charity is that donations reduce, which means the projects that the trustees decide lo support annot be funded. Therefore, the trnst¢¢s will continue to review the reserve policy to ensure that beneficiaries are not disadvantaged in the event donations are reduced for unforeseen reasons. The Vichai Srivaddhanaprabha Foundation operates mainly as a fund-raising body and currently has no employees, and no significant overhead costs so the trustees do not believe that there arc any other material risks. Objectlves and Aetlvltleg The charitable purposes of the company are lo prornole any ¢harilablc PUTpose for the benefit of the public gcnerally in the United Kingdom (including, in particular, the inhabitanls of Leicester and Leicesten>hire and its surrounding areas) and overseas and, in particular, but without prejudice to the generality of the following.. lo promote community participation in healthy recreation by providing facilities for the playing of association football and other sports capable of improving health. to provide and assist in providing faGilities for sport, recreation or other leisure lime occupation of such persons who have need for.such facilities by reason of their youth, age, infimiity or disablement, povety or social and economic circumstances or for the public at large in the interests of social welfare and with th¢ object of improving their conditions of life. to advance the education of children and young people through such means as the trustees think fit in accordance with the law of charity. and for the general pUoSeS of such charitable bodies or for Such other exclusively charitable purposes in each case as the board may from time to time decide. The Irustees confllin that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year. Achlevements and Performanee Vichai Srivaddhanaprabha Foundation Limited has continued to support charities within Leicestershire and surrounding areas throughout 2023124 in line with the charity's objectives. The charity donated £1 1,000 to local charili¢s and £7,550 worth of gifts. FlnaneiaI Review The Foundation and its Trustees have strengthened its deep commitment lo honour the legacy of the late Chainnan by pushing forward its dedication to the community of Leicester and surrounding areas.
Vichal Srivaddhanaprabha Foundation Limited Report of the Trustees For the year ended 30 June 2024 (contlnued) Future Plans The charity is committed to work with Leicesler City Football Club in raising and distributing charitsble funds within the community of Leicester and Leicestershire and will administer these fimds via Vichai Srivaddhanaprabha Foundation. Reserves pollcy The charity has operated mainly as a fund-raising body and currently has no overheads or staff, To dale funds have been raised on an annual campaign basis and have been paid out to Beneficiaries during the following financial year. As such the trustees have decided that the charity should retain reserves of up to 50/0 of the total amounts raised in the previous fmancial year. Th¢ Charity is holding r¢s¢rv¢s for future campaigns. Fundraising Polley All fundraising conducted on behalf of Vichai Srivaddhanaprabha Foundation Limited, must comply with the Institute of Fundraising Code of Practice and all relevant legislation, including but not limited to.. . Companies Act 2006 Charities Act 2011 Licensing Act 2003 . Gambling Act 2005 Equality Act 2010 Data Protection Act 2018 Safeguarding Vulnerable Groups Act 2006 . Health & Safety at Work Act 1974 Management of Health & Safety at Work Regulalions 1999 The charity's policies and procedures pertaining to fundraising, include but not limited to.. FRO I Cash handling FR02 Public collections . FR03 Raffles and lotteries . FR04 Superniarket bag packing FR05 Coll¢¢tion tins Golng concern The Vichai Srivaddhanaprabh& Foundation Limiled only commits to donate fund5 Out of funds it already has in hand. It also has almost no operational overheads. Accordingly, the trustees have a reasonabl¢ ¢xpectation that the charity has adequate resources to continue in operational existence for thc foreseeable future. They do not believe that there are any material uncertainties which cast significant doubt on thc ability of the company to continue as a going concern. For this reason, they ¢ontinue to adopt the going concern basis in preparing the fmancial statements,
Vlchai Srivaddhanaprabha Foundation Limited Report of the Trustees For the year ended 30 June 2024 (continued) Trustees, Responsibilities Statement The trustees (who are also directors of Vichai Srivaddhanaprabha Foundation Limited for the pury)oses of company law) are responsible for preparing the Report of the Trusiees and the financial ststements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trnstees to prepare financial Siatements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they giv¢ a tnle and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the Charitable company for that period. In preparing these financial statements. the tjustees are required to: select Suitable accounting policies and then apply them consistently, observe the methods and principles in ihe Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subjecl to any material departures disclosed and explained in the financial s¢alements' and prepare the financial ststements on the going concern basis unle8s it is inappropriate to presume that the h8Titablc company will continue in operation. The trutslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the fmancial position of the charitable company and enable them to ensurc that the fmancial slalemcnts comply with the Companies Act 2006. They are also responsible for safeguarding the as8ets of the charilable company and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. The trustees confirni that.. so far as each trnstee is aware, there is no relevant audit infornlation of which the charitable company's auditor is unaware. and the trustees have taken all the steps they ought lo have taken as trustees in order to make themselve5 aware of any relevant audit inforniation and to establish that th¢ charitable company's auditor is aware of that inforniation. Audltor The auditor, The Rowleys Partnership Ltd, will be proposed for reappointment in ac¢ordance with section 485 of the Companies Act 2006. Small Companie5 Note In preparing thi5 report the directors have taken advantage of the small companies, exemptions provided by section 415 A of Ihe Companie5 Act 2006. This report was approved by the board of trustees on 16 January 2025 and signed on its behalf by: Susan Whe13n Trustee
Vichai Srivaddhanaprabha Foundation Limited Independent auditor's report to the members of Vichai Srivaddhanaprabha Foundation Limlted Opinion We have audited the fmancial statements of Vichai Srivaddhanaprabha Foundation Limited (the 'charitsble company,) for the year ended 30 June 2024 which comprise the Statement of Financial Activities (incorporating the Summary Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes lo the financial statements, including a summary of significant 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Acc¢pted Accounting Practice). In our opinion the financial ytatements: give a trne and fair view of the state of the charitable company's affairs as at 30 June 2024 and of its incoming re8our¢¢s and application of resources, its income and expenditure for the year then ended. have been prop¢rly prepared in ac¢ordance with United Kingdom Gen¢rally Accepted AoUnting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opfinfion We conducied our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements seclion of our report. We are independent of the ¢haritsble company in accordance with the ethical requiremenls that are relevant lo our audit of ihe financial stalements in the UK, including the FRC'S Ethical Standard. and we have fulfjlled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suificient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng eoncern In auditing the fjnancial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the fanCIal slalements is appropriate. Bat>ed on ihe work we have perfornied, we have not identified any material uncertainties relating to events or conditions ihal, individually or collectively* may cast significant doubt on the charitable company's ability to continue as a going concern for a period ofat least twelve months from when the fjnancial statements arc authoris¢d for issue. Our responsibilities and the responsibilities of the twstees with respe¢l to going concern are described in the relevant sections of this report.
Vichai Srivaddhanaprabba Foundation Limited Independent auditor's report to the members of Vichai Srivaddhanaprabha Foundation Limited (continued) Other Information The other inforn]ation cornpri8es the inforn)ation included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trnstees are responsible for the other infonnation contained within the annual report. Our opinion on the financial statements does not cover the other inforn]ation and, except to the extent othenvise explicitly staled in our report, we do not express any forni of assurance conclusion thereon. Our responsibility is to read the other inforniation and, in doing so, consider whether the other inforniation is materially inconsistent with ihe financial statements OT our knowledge obtsined in the course of the audit or othenvise appears to be materially misstated. If we identify such material inconsistenctes or apparent material misstatements, we are required to deternline whether this gives rise to a material misslatement in the financial statements themselves. If, based on the work we have perfornied, we conclude that there is a material misstatement of this other inforn]ation, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters preserlbed by the Companies Aet 2006 In our opinion, based on the work undertaken in the Course of the audit: the infomation given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the fmancial statements; and the directors, report has been prepared in accordance with applicable legal requirements. Matters on whlch we Are required to report by exeeptlon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements ij) the directors, report. We have nothing to report in respect of the following matiets in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequale accounting records have not been kept, or returns adequate for our audit have nol been received from branches not visited by us. OT the financial statements are not in agreement with the accounting records and returns. or certain disclosures of directors, remuneration specified by law are not made. or we have not received all the inforniation and explanations we require for our audit. or the trnstees were not entitled to prepare the fmancial slatements in accordance with the Small companie5, regime and take advantage of the small companies, exemptions in preparing the director5, report and from the requir¢ment to pr¢pare a strategic report. ResponsAbllltles of trustees As explained more fully in the trustees, responsibilities statement set out on page 5, the trustees (who are also the directors of the charitable company for the Purposes of company law) are responsible for the preparalion of the financial stalements and for being satisfied that they give a true and fair view, and for such internal control as the trustees deterniine is necessary to enable the preparation of financial statements that are free from malerial misstatement, whether due to fraud or error. In preparing the fmancial statements, Ihe trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees eiiher intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
VichaR Srivaddhanaprabha Foundation Limited Independent auditor's report to the members of Viehai Srivaddhanaprabha Foundation Limited (continued) Auditor's responsibilities for the audll of the finaneial 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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delect a material mi8s1alement when it exists. Misstatements can arise from fraud or eor and are considered material if, individually or in the aggregate, they could reasonably b¢ expected to influence the economic decisions of users tsken 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 misstatements in respect of irregularities, including fraud. The exteni to which our procedures ar¢ ¢apable of detecting irregularilies, including fraud is detailed below.. We obtained an understandin8 of the legal and regulatory frameworks that are applicable to the company and deterniined that the most significant which are direcily relevant to specific assertions in the financial statements are those related to the financial reporting frameworks (UK Generally Accepted Accounting Practice, the Companies Act 2006, the Charities Act 2011) and the relevant tax compliance regulations in the jurisdiction in which the Company operates. We enquired of management, whether they were aware of any instances of non-compliance with laws and regulations or whether they had any knowledge of actual, suspected or alleged fraud. We assessed the susceptibility of the entity's financial statements to material misstalemcnt, i1]cluding how fraud might occur. Our testing corjsidered unusual or unexpec*d journal entries on a sample basis,. We evaluated the assumptionty and judgements used by management within significant accounting estimates and assessing if these indicate evidence of management bias; We te8ted significant transactions, in particular the evaluation of the business rationalc for any which appear unusual or outside the company's nornial course of busines5. We assessed the appropriateness of the colleclive competence and capabilities of the engagement team by understanding the practical experience with audit engagements of a similar nature and complexity, plus ensuring the team had appropriate and relevant training of the financial reporting framework and the relevant tax compliance regulations specifjc to the entity. We reviewed the financial statements and tested the disclosures against supporting documentation. and We communicated relevant matters to all members of th¢ audit team to ensure they understood the risks specific to the entity and the audit procedures planned to mitigate these.
Viehai Srivaddhanaprabba Foundation LimRted Independent auditor's report to the members of Vichai Srivaddhanaprabha Foundation Limited (continued) Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the fmancial stalements or non-compliance with regulation. This risk increases the more that complianc¢ with a law or regulaiion is removed from the events and transactions reflected in the fmancial statements, as w¢ will be less likely to become aWe of inslances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the FRC'S website at: lili s:Ilwww.frc.o .uaudI1or8/aUd1 -assurancelauditor-8-res onsibililies-for-the-audit-of-the-fvdes¢ri f-lhe-audi 0/oE2O/.8ots.99S_r¢s onsibilili¢8-forThis description fornis part of our auditor's report. lion- Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charitable company's members those matters we are required to state to them in an auditor's report and for no other Purpose. To the fullest extent perniilted by law, we do not accept or assume reSpotb]lity to anyone other than the charitable company and the Charilable company's members as a body. for our audit work. for this report, or for the opinions we have fornied. Mrs L G Parkes FCA FCCA Senior Statutory Auditor for and on behalf of The Rowley8 Parthership Ltd Statutory Auditor, Chartered Accountants Charnwood House, Harcourt Way, Meridian Business Park Leicester, LE19 IWP Date: 21st JAThL4Ar 2•£S
Vichai Srivaddhanaprabha Foundation Limited Statement of Financial Activitles (incorporating Income and Expenditure Account) For the year ended 30 June 2024 Year ended YeAr Year 30 June ended 30 ended 2024 June 2024 30 June Unrestricted Restricted 2024 Funds Funds Total Funds 13 months 13 months 13 months ended ended ended 30 June 30 June 30 June 2023 2023 2023 Unrestricted RestrActed Total Funds Funds Funds Note INCOME FROM Donations and subscriptions Charitsble activiti¢s: Fundraising Events TOTAL INCOME 511,223 3,327 514,550 14202 14,202 00 44,209 537967 58411 12.168 12.168 56,377 527 40 EXPENIDTURE OIY: Raising Funds Charitable activities: Grants payable Support costs TOTAL EXPENDITURE 867 867 1,698 1,698 11,000 16,056 27,056 19,054 19,054 8.760 ET COMEI(EXPENDITURE) Transfer between funds 505,753 (5,429) 500J24 47,953 (6,886) 41,067 12 (5,285) 5,285 (7,030) 7,030 NET MOVEMENT IN FUNDS TOTAL FUNDS AT I JULY 2023 500,468 {144) 500J24 40,923 144 41,067 229.212 144 229J56 188.289 188,289 TOTAL FUNDS AT 30 JUNE 2024 729,680 729,680 229,212 144 229.356 All activities relate to continuing operations. The notes on pages 13 to 18 fonn part of these financial statements. 10
Vichai Srivaddhanaprabha Foundation Limlted Balance Sheet as at 30 June 2024 2024 2023 Nots Current assets Debtors Cash at bank 474,670 264.730 739 400 14.340 245.689 260.029 Creditors: amounts falllng due wlthln one year Net assets io 9,720 729,680 30.673) 229.356 Cbarlty funds Restricted Funds Unrestrlcted 12 12 144 229,212 229,356 These finan¢ial ststements have been prepared in accordance with the provisions applicable lo companie8 subject to the small company's regime. The financial statements were approved by the trnstees on 16 January 2025 and werc signed on its behalf by: Susan Whelan Company regislration number 07790076 Charity registration number 1144791 The notes on pages 13 to 18 forn] part ofthese financial ststements. li
Vichai Srivaddhanaprabha Foundation Limited Statement of Cash Flows For the year ended 30 June 2024 Year ended 30 June 2024 13 months ended 30 June 2023 Cash flojvs from operating aetlvlties: Net income for the reporting period 500J24 41,067 Adjustments for: (Increase)IDecrease in debtors (Decrease) in creditors {460J30) (20,953) 1,034,553 (1,006,486) Net cash provided by operating activities and change in cash in the reporti8 period 19,041 69,134 Cash at the beginning of the reporting period 245,689 176,555 Cg$h at the end of reportlng perlod 245 689 The notes on pages 13 to 18 fom part of these financial statements. 12
Viehai Srivaddhanaprabha Foundation Limited Notes to the Financial Statements For the year ended 30 June 2024 Legal status and general Information The Charity is a private company limited by guarantee. The members of the company are the trustees named on page l. The Charity is incorporated in England and its registered olfice is King Power stsdium, Filbert Way, Leicester, LE2 7FL. In the event of the Charity being wound up. the liability in respect of the guardntee is limited to £1 per member. Accounting polleles (a) BasAs of preparation of financlal statements. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial stat¢ments in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued October 2019) - Charitie8 SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the companies Act 2006. Vichai Srivaddhanaprabha Foundation Limited meets the defmition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The fman¢ial statements are presented in sterling (£). (b) Golng Concern Vichai Srivaddhanaprabha Foundation Limited only commits to donate funds out of funds it already has in hand. It also has almost no operational overheads. Accordingly, the trustees have a reasonable expectalion that the charity has adequate resources to continue in operational existenoe for the foreseeable future. They do not believe that there are any material uncertainties which cast significant doubt on the ability of the company to Continue as a going concern. For this reason, they continue to adopt the going concern basis in preparing the fmancial statements. (c) Fund accounting General fund8 are unrestricted fiu]ds which are available for use at the discretion of the trustees in furtherance of the generdl objectives of th¢ charity and which have not been designated for other pury)oses. Restricted funds are to be used for specific pury)oses as laid down by the donor. Expenditure which meets these crit¢ria is charg¢d to the fund. together with a fair allocation of management and support costs. 13
Vichai SrRvaddhanaprabha Foundation Limited Notes to the Financial Statements (continued) For the year ended 30 June 2024 (d) Income All moT)etary donations and gifts are re¢ognised once the charity has entitlement to th¢ income, it is probable that the income will be Teceived, and the amount of income receivable can be measured reliably. Income t&x recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. The value of seryices provided by volunteers has not been included. (e) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make payment to a third paty, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Grants payable are charged in the year when an unconditional offer is made and when the amount can be quantified with reasonable aGcuracy. All other expenditure is CoUnted for on an accrual basis. (D Debtorj Debtors are recognised at the settlement amount after any discount offered. (g) Cash at Bank Cash ai bank includes short tenn highly liquid investments with a short maturity of three months or 1¢$$ from the date of acquisition on opening of the deposit or similar account. (h) Credltor5 Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are nornially recognised at their settlement amount after allowing for any discounts due. (i) FlnaneAal Instruments The charity only has financial assets and fllwicial liabilities of a kind that qualify as basic fmancial insttuments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 14
Vichai Srivaddhanaprabha Foundation Limited Notes to the Financial Statements (continued) For the year ended 30 June 2024 3. Income from donation8 Year ended Year 13 months 30 June ended 30 ended 30 ended 311 2024 June 2024 June 2024 June 2023 Unrestrlcted Restricted Total Unrestricted 13 months ended 13 monlh5 30 June 2023 ended Restricted 30 June 2023 Total Donations 511,223 3,327 SI450 14.202 14,202 511223 514 550 14,202 4. Income from fundralslng event$ Year ended Year Year ended 13 months 13 months 30 June ended 30 30 June ended ended 2024 June 2024 2024 Total 30 June 2023 30 June 2023 Unrestrleted Restricted Unrestricted Restricted 13 months ended 30 June 2023 Total End of season Run Glft for Chlldren Other fundraising actlvllfies End of season events Marathon Run 2,716 2,716 7aOO 7JOO 6,750 6.750 7,923 7,923 2,742 2,702 5,444 8,194 8,194 5,356 5,356 36,111 36,111 5. Expenditure on ral8ing funds Year ended Year ended Year 13 months 30 June 2024 30 June ended 30 ended UnrestrA¢ted 2024 June 2024 30 June 2023 Restrl¢t¢d Total Unrestricted 13 months ended 30 June 2023 Restricted 13 months ended 30 June 2023 Total Cost of activities to generate funds Just Giving Co$t 594 594 779 779 273 273 919 919 867 867 1.698 15
Vichai Srivaddhanaprabha Foundation Limited Notes to the Financial Statements (continued) For the year ended 30 June 2024 6. Charitable aetivities Year ended Year Year 30 June ended 30 ended 30 2024 June 2024 June Unrestricted Restricted 2024 Total 13 months 13 months ended 30 June ended 2023 30 June 2023 Unrestricted Restricted 13 months ended 30 June 2023 Total Lelcester Hospilal Glft for chlldren Brltlsh Legion Donatlons 12,448 12,448 7,550 7,550 6,606 6,606 8,506 8,$06 11,000 11,000 7. Support costs Year ended Year Year 30 June ended 30 ended 30 2024 June 2024 June Unrestricted Restrlcted 2024 TolAI 13 months 13 months ended 30 June ended 2023 30 June 2023 Unrestric*d Restricted 13 months ended 30 June 2023 Totsl Audlt fees 9,720 9.720 8,760 8.760 8.760 8. Payments to trustees And employees No trustees, who are the key management personnel, or persons with a family or business connection with trustee received r¢muneration in the year. directly or indirectly from th¢ Foundation (2023 - £nil). No expenses were reimbursed to the trustres during the year (2023 - £nil). There were no employees of the charity during the year {2023 - none). 9. Debtors 2024 2023 Prepayments and acerued income Leicester City FootbAII Club Llmited 14,340 474,670 474,670 14.340 16
Vichai Srivaddhanaprabha Foundation Limited Notes to the Financlal Statements (continued) For the year ended 30 June 2024 10. Creditors: amounts falling due within one year 2024 2023 Aecruals Lelcester Clty Footbill Club Limited 9,720 11.040 19,633 9,720 30,673 11. Flnanclal Instruments 2024 2023 Flnanelal Instruments measured at amortised cost 739 400 260,029 Financlal Ilabfilities measured at amortlsed ¢o$t 9,720 30,673 Financial instruments measured at amortised cost include amounts due from Leicestcr City Football Club Limited and cash at bank. Financial liabilities measured at amortised cost include accruals. 12. Summary of funds At 0110712023 Income Expendlture Transfers At 3010612024 Restrleted funds: Gifts for Children British Legion Unregtrlcted fundj: 144 7,300 3,327 (7,550) (8,506) 106 5,179 G¢neral Funds 229,212 527,340 (21,587) (5,285) 729,680 229 56 17
Vichai Srivaddhanaprabha Foundation Limited Notes to the Financial Statements (contlnued) For the year ended 30 June 2024 13. Analysls of Net Assets 2024 Unrestricted Funds 2024 Restrleted Fund8 2024 Total Funds 2023 Total Funds Net current assets 729,680 729,680 229,356 729,680 729,680 229 14. Related party transaetlons During the year Leicester City Football Club Limited collec*d income of £13,012 (2023,. £10,339), donated £500,000 (2023.. £Nil) and paid expenses of £18.708 (2023: £33) on behalf of the charity. They remitted £Nil (2023.. £1,048,518) to the charity during the period. At the period end LCFC owed £474,670 (2023.. £19,633 owed to LCFC). In addition, Leicester City Football Club also provided administration services to the charity which are not being rharged to the Charity. Susan Valerie Whelan, a trustee of the charity, is the Chief Executive Officer and Company Direclor of Leicester City Football Club Limited. 18