| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 7 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 12 | to | 21 |
| Detailed Statement ofFinancial Activities | 22 | to | 23 |
| For | The Year | Ended 30June | 2023 | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
1,270 | 1,270 | 1,755 | |||
| Charitable activities |
||||||
| Football Administration | and Development | 821,734 | 202,165 | 1,023,899 | 1,065,317 | |
| Investment income |
25,306 | 25,306 | 1,208 | |||
| Other income | 8,937 | |||||
| Total | 847,040 | 203,435 | 1,050,475 | 1,077,217 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Football Administration | and Development | 649,537 | 184,713 | 834,250 | 727,201 | |
| NET INCOME | 197,503 | 18,722 | 216,225 | 350,016 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
1,065,648 | 529,987 | 1,595,635 | 1,245,619 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,263,151 | 548,709 | 1,811,860 | 1,595,635 |
| 30 | June 2023 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 13 | 272,901 | 235,886 | 508,787 | 520,690 |
| Investments | 14 | 701 | 701 | 701 | |
| 273,602 | 235,886 | 509,488 | 521,391 | ||
| CURRENT ASSETS | |||||
| Stocks | 15 | 1,177 | 1,177 | 3,883 | |
| Debtors | 16 | 29,211 | 29,211 | 34,934 | |
| Cash at bank | 1,208,069 | 312,822 | 1,520,891 | 1,281,704 | |
| 1,238,457 | 312,822 | 1,551,279 | 1,320,521 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
17 | (248,907) | (248,907) | (246,277) | |
| NET CURRENT ASSETS | 989,550 | 312,822 | 1,302,372 | 1,074,244 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 1,263,152 | 548,708 | 1,811,860 | 1,595,635 | |
| NET ASSETS | 1,263,152 | 548,708 | 1,811,860 | 1,595,635 | |
| FUNDS | 18 | ||||
| Unrestricted funds |
1,263,152 | 1,065,648 | |||
| Restricted funds | 548,708 | 529,987 | |||
| TOTAL FUNDS | 1,811,860 | 1,595,635 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated from operations |
216,906 | 311,682 | ||
| Net cash provided by operating activities |
216,906 | 311,682 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets | (3,025) | (5,774) | ||
| Interest received | 25,286 | 1,192 | ||
| Dividends received |
20 | 16 | ||
| Net cash provided by/(used |
in) investing | activities | 22,281 | (4,566) |
| Change in cash and cash equivalents | in | |||
| the reporting period |
239,187 | 307,116 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 1,281,704 | 974,588 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
1,520,891 | 1,281,704 |
| Notes to the Cash Flow Statement For The Year Ended 30June 2023 |
Notes to the Cash Flow Statement For The Year Ended 30June 2023 |
|||||
|---|---|---|---|---|---|---|
| 1. | RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | |||
| 2023 | 2022 | |||||
| Net income for the | reporting | period (as per the Statement ofFinancial | ||||
| Activities) | 216,225 | 350,016 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
14,928 | 16,015 | ||||
| Interest received | (25,286) | (1,192) | ||||
| Dividends received |
(20) | (16) | ||||
| Decrease in stocks | 2,706 | 1,661 | ||||
| Decrease/(increase) | in | debtors | 5,723 | (10,678) | ||
| Increase/(decrease) | in | creditors | 2,630 | (44,124) | ||
| Net cash provided | by | operations | 216,906 | 311,682 |
| ANALYSIS OF CHANGES IN NET | FUNDS | ||
|---|---|---|---|
| At 1.7.22 | Cash flow | At 30.6.23 | |
| Net cash | |||
| Cash at bank | 1,281,704 | 239,187 | 1,520,891 |
| 1,281,704 | 239,187 | 1,520,891 | |
| Total | 1,281,704 | 239,187 | 1,520,891 |
| For The Year Ended 30June | 2023 | ||
|---|---|---|---|
| DONATIONS AND LEGACIES |
|||
| 2023 | 2022 | ||
| Donations | 1,270 | 1,755 | |
| 3. | INVESTMENT INCOME | ||
| 2023 | 2022 | ||
| Bank interest received | 25,286 | 1,192 | |
| Dividends received |
20 | 16 | |
| 25,306 | 1,208 | ||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | ||
| 2023 | 2022 | ||
| Football | |||
| Administration | |||
| and | Total | ||
| Development | activities | ||
| Affiliation fees | 111,816 | 87,232 | |
| Competition income |
37,312 | 21,426 | |
| Fines and protest fees | 172,425 | 152,638 | |
| Sponsorship and advertising |
9,677 | 5,801 | |
| FA Grants | 580,422 | 699,893 | |
| Retail and sundry income | 1,245 | 7,112 | |
| Course income | 58,839 | 37,222 | |
| Referee income | 52,163 | 53,993 | |
| 1,023,899 | 1,065,317 | ||
| 5. | OTHER INCOME | ||
| 2023 | 2022 | ||
| Insurance proceeds | 8,877 | ||
| Job Retention Scheme Grants |
60 | ||
| 8,937 |
| CHARITABLE ACTI | VITIES COSTS | |||||
|---|---|---|---|---|---|---|
| Grant | ||||||
| funding of | ||||||
| activities | Support | |||||
| Direct | (see note | costs (see | ||||
| Costs | 7) | note 8) | Totals | |||
| Football Administration | and | |||||
| Development | 614,133 | 104,692 | 115,425 | 834,250 | ||
| 7. | GRANTS PAYABLE | |||||
| 2023 | 2022 | |||||
| Football Administration | and Development | 104,692 | 66,959 | |||
| 8. | SUPPORT COSTS | |||||
| Other | Governance | |||||
| overheads | Finance | Depreciation | costs | Totals | ||
| Football Administration | and | |||||
| Development | 67,060 | 6,293 | 14,928 | 27,144 | 115,425 | |
| 9. | NET INCOME/(EXPENDITURE) |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Auditors' | remuneration | 4,000 | 3,900 | |
| Auditors' | remuneration | for non audit work | 13,747 | 13,509 |
| Depreciation -owned |
assets | 14,928 | 16,015 |
| STAFF COSTS | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Wages and salaries | 512,182 | 417,029 | ||||
| Social security costs | 40,942 | 32,438 | ||||
| Other pension costs | 27,914 | 42,899 | ||||
| 581,038 | 492,366 | |||||
| The average monthly | number ofemployees | during the year was | as follows: | |||
| 2023 | 2022 | |||||
| Directors | 6 | 6 | ||||
| Other | 20 | 17 | ||||
| 26 | 23 | |||||
| The number ofemployees | whose employee | benefits (excluding | employer pension | costs) exceeded | f60,000wa | |
| 2023 | 2022 | |||||
| 660,001 —f.70000 | 1 |
| The total remuneration and benefits to key management personnel in the year am f.177,820). |
The total remuneration and benefits to key management personnel in the year am f.177,820). |
The total remuneration and benefits to key management personnel in the year am f.177,820). |
ounted to 61 |
66,714 (202 |
|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
1,755 | 1,755 | ||
| Charitable activities |
||||
| Football Administration | and Development | 711,357 | 353,960 | 1,065,317 |
| Investment income |
1,208 | 1,208 | ||
| Other income | 8,937 | 8,937 | ||
| Total | 721,502 | 355,715 | 1,077,217 | |
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Football Administration | and Development | 625,612 | 101,589 | 727,201 |
| NET INCOME | 95,890 | 254,126 | 350,016 | |
| Transfers between funds |
39,866 | (39,866) | ||
| Net movement in funds |
135,756 | 214,260 | 350,016 |
| Notes to the Financial Statements -continued For The Year Ended 30June 2023 |
Notes to the Financial Statements -continued For The Year Ended 30June 2023 |
Notes to the Financial Statements -continued For The Year Ended 30June 2023 |
||||
|---|---|---|---|---|---|---|
| 12. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | - continued | |||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 929,892 | 315,727 | 1,245,619 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,065,648 | 529,987 | 1,595,635 | |||
| 13. | TANGIBLE FIXEDASSETS | |||||
| Fixtures | ||||||
| Freehold | alld | |||||
| property | fittings | Totals | ||||
| COST | ||||||
| At 1 July 2022 | 504,302 | 233,786 | 738,088 | |||
| Additions | 3,025 | 3,025 | ||||
| At 30June 2023 | 504,302 | 236,811 | 741,113 | |||
| DEPRECIATION | ||||||
| At 1 July 2022 | 45,445 | 171,953 | 217,398 | |||
| Charge for year | 6,086 | 8,842 | 14,928 | |||
| At 30June 2023 | 51,531 | 180,795 | 232,326 | |||
| NET BOOKVALUE | ||||||
| At 30June 2023 | 452,771 | 56,016 | 508,787 | |||
| At 30June 2022 | 458,857 | 61,833 | 520,690 | |||
| 14. | FIXEDASSETINVESTMENTS | |||||
| Shares in | ||||||
| gloup | Listed | |||||
| undertakings | investments | Totals | ||||
| COST LESSIMPAIRMENT | ||||||
| At 1 July 2022 and | 30 | June 2023 | 700 | 701 | ||
| NET BOOKVALUE | ||||||
| At 30June 2023 | 700 | 701 | ||||
| At 30June 2022 | 700 | 701 |
| Soccerscene Leagues Limited Registered office: England and Wales Nature ofbusiness: Dormant company |
Soccerscene Leagues Limited Registered office: England and Wales Nature ofbusiness: Dormant company |
||||
|---|---|---|---|---|---|
| Class ofshare: | holding | ||||
| Ordinary | 100 | ||||
| 30.6.23 | 30.6.22 | ||||
| Aggregate capital and reserves |
(39,662) | (39,662) | |||
| The market value oflisted investments | is 6336(2022:f326). | ||||
| 15. | STOCKS | ||||
| 2023 | 2022 | ||||
| Stocks | 1,177 | 3,883 | |||
| 16. | DEBTORS: | AMOUNTS FALLING | DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||||
| Course debtors | 12,998 | 7,090 | |||
| Other debtors | 13,980 | 20,949 | |||
| Prepayments | and accrued income | 2,233 | 6,895 | ||
| 29,211 | 34,934 | ||||
| 17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | ||||
| Tax | 42 | 42 | |||
| Social security and other taxes | 2,428 | 7,344 | |||
| Other creditors | 60,637 | 59,582 | |||
| Accruals and | deferred income | 185,800 | 179,309 | ||
| 248,907 | 246,277 |
| MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.7.22 | in funds | 30.6.23 | |||
| Unrestricted funds |
|||||
| General fund | 1,065,648 | 197,504 | 1,263,152 | ||
| Restricted funds | |||||
| Benevolent fund |
35,885 | 770 | 36,655 | ||
| FA —Wildcats fund | 47,837 | 25 | 47,862 | ||
| FA - Euro host city fund | 27,564 | 34,859 | 62,423 | ||
| FA - Women's recreational | officer fund | 100,790 | (41,379) | 59,411 | |
| FA —Innovation and inclusion |
fund | 29,724 | 29,724 | ||
| FA —Property fund |
278,512 | (7,626) | 270,886 | ||
| Other restricted funds |
9,675 | (8,105) | 1,570 | ||
| Squad Girls | 12,100 | 12,100 | |||
| Grass Pitch Support Fund | 489 | 489 | |||
| Football Delivery Fund | 7,588 | 7,588 | |||
| Level Playing Field Fund | 20,000 | 20,000 | |||
| 529,987 | 18,721 | 548,708 | |||
| TOTAL FUNDS | 1,595,635 | 216,225 | 1,811,860 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General fund | 847,040 | (649,536) | 197,504 | |
| Restricted funds | ||||
| Benevolent fund |
1,270 | (500) | 770 | |
| FA - Wildcats fund | 26,800 | (26,775) | 25 | |
| FA - Euro host city fund | 49,000 | (14,141) | 34,859 | |
| FA —Women's recreational | officer fund | 14,000 | (55,379) | (41,379) |
| FA —Property fund |
(7,626) | (7,626) | ||
| Other restricted funds |
22,165 | (30,270) | (8,105) | |
| Squad Girls | 24,700 | (12,600) | 12,100 | |
| Grass Pitch Support Fund | 20,500 | (20,011) | 489 | |
| Football Delivery Fund | 25,000 | (17,412) | 7,588 | |
| Level Playing Field Fund | 20,000 | 20,000 | ||
| 203,435 | (184,714) | 18,721 | ||
| TOTAL FUNDS | 1,050,475 | (834,250) | 216,225 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.7.21 | in funds | funds | 30.6.22 | |||
| Unrestricted funds |
||||||
| General fund | 929,892 | 95,890 | 39,866 | 1,065,648 | ||
| Restricted funds | ||||||
| Benevolent fund |
34,130 | 1,755 | 35,885 | |||
| FA - Wildcats fund | 47,837 | 47,837 | ||||
| FA - Euro host city fund | 27,564 | 27,564 | ||||
| FA —Women's recreational | officer fund | 100,790 | 100,790 | |||
| FA —Innovation and inclusion |
fund | 1,875 | 29,282 | (1,433) | 29,724 | |
| FA - Property fund |
251,138 | 27,374 | 278,512 | |||
| Other restricted funds |
19,524 | (9,849) | 9,675 | |||
| Standard Charter Growth |
fund | 28,584 | (28,584) | |||
| 315,727 | 254,126 | (39,866) | 529,987 | |||
| TOTAL FUNDS | 1,245,619 | 350,016 | 1,595,635 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 721,502 | (625,612) | 95,890 | ||
| Restricted funds | |||||
| Benevolent fund |
1,755 | 1,755 | |||
| FA —Wildcats fund | 66,623 | (18,786) | 47,837 | ||
| FA —Euro host city fund | 45,456 | (17,892) | 27,564 | ||
| FA - Women's recreational | ofhcer fund | 146,850 | (46,060) | 100,790 | |
| FA - Innovation and inclusion |
fund | 34,282 | (5,000) | 29,282 | |
| FA —Property fund |
35,000 | (7,626) | 27,374 | ||
| Other restricted funds |
25,749 | (6,225) | 19,524 | ||
| 355,715 | (101,589) | 254,126 | |||
| TOTAL FUNDS | 1,077,217 | (727,201) | 350,016 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.7.21 | in funds | funds | 30.6.23 | |||
| Unrestricted funds |
||||||
| General fund | 929,892 | 293,394 | 39,866 | 1,263,152 | ||
| Restricted funds | ||||||
| Benevolent fund |
34,130 | 2,525 | 36,655 | |||
| FA —Wildcats fund | 47,862 | 47,862 | ||||
| FA —Euro host city fund | 62,423 | 62,423 | ||||
| FA - Women's recreational | officer fund | 59,411 | 59,411 | |||
| FA - Innovation and inclusion |
fund | 1,875 | 29,282 | (1,433) | 29,724 | |
| FA —Property fund |
251,138 | 19,748 | 270,886 | |||
| Other restricted funds |
11,419 | (9,849) | 1,570 | |||
| Standard Charter Growth |
fund | 28,584 | (28,584) | |||
| Squad Girls | 12,100 | 12,100 | ||||
| Grass Pitch Support Fund | 489 | 489 | ||||
| Football Delivery Fund | 7,588 | 7,588 | ||||
| Level Playing Field Fund | 20,000 | 20,000 | ||||
| 315,727 | 272,847 | (39,866) | 548,708 | |||
| TOTAL FUNDS | 1,245,619 | 566,241 | 1,811,860 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 1,568,542 | (1,275,148) | 293,394 | ||
| Restricted funds | |||||
| Benevolent fund |
3,025 | (500) | 2,525 | ||
| FA - Wildcats fund | 93,423 | (45,561) | 47,862 | ||
| FA —Euro host city fund | 94,456 | (32,033) | 62,423 | ||
| FA —Women's recreational | officer fund | 160,850 | (101,439) | 59,411 | |
| FA - Innovation and inclusion |
fund | 34,282 | (5,000) | 29,282 | |
| FA - Property fund |
35,000 | (15,252) | 19,748 | ||
| Other restricted funds |
47,914 | (36,495) | 11,419 | ||
| Squad Girls | 24,700 | (12,600) | 12,100 | ||
| Grass Pitch Support Fund | 20,500 | (20,011) | 489 | ||
| Football Delivery Fund | 25,000 | (17,412) | 7,588 | ||
| Level Playing Field Fund | 20,000 | 20,000 | |||
| 559,150 | (286,303) | 272,847 | |||
| TOTAL FUNDS | 2,127,692 | (1,561,451) | 566,241 |
| Detailed Statement ofFi For The Year Ended |
nancial Activities 30June 2023 |
|
|---|---|---|
| 2023 | 2022 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Donations | 1,270 | 1,755 |
| Investment income |
||
| Bank interest received | 25,286 | 1,192 |
| Dividends received |
20 | 16 |
| 25,306 | 1,208 | |
| Charitable activities |
||
| Affiliation fees |
111,816 | 87,232 |
| Competition income |
37,312 | 21,426 |
| Fines and protest fees | 172,425 | 152,638 |
| Sponsorship and advertising |
9,677 | 5,801 |
| FA Grants | 580,422 | 699,893 |
| Retail and sundry income | 1,245 | 7,112 |
| Course income | 58,839 | 37,222 |
| Referee income | 52,163 | 53,993 |
| 1,023,899 | 1,065,317 | |
| Other income | ||
| Insurance proceeds | 8,877 | |
| Job Retention Scheme Grants |
60 | |
| 8,937 | ||
| Total incoming resources | 1,050,475 | 1,077,217 |
| EXPENDITURE | ||
| Charitable activities |
||
| Wages | 512,182 | 417,029 |
| Social security | 40,942 | 32,438 |
| Pensions | 27,914 | 42,899 |
| Competition expenses |
12,093 | 13,923 |
| Meeting and travel expenses | 3,168 | 1,953 |
| Representative match expenses |
16 | |
| Course fees and incentives | 9,678 | |
| Referee expenses | 17,818 | 25,685 |
| Grants to institutions | 104,192 | 66,959 |
| Grants to individuals | 500 | |
| 718,825 | 610,564 | |
| Support costs | ||
| Other overheads | ||
| Rates and water | 4,726 | 5,373 |
| Carried forward | 4,726 | 5,373 |
| Sheffield And Hallamshire County Football Assoctn Ltd |
||||
|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | ||||
| For The Year Ended 30June 2023 | ||||
| 2023 | 2022 | |||
| Other overheads | ||||
| Brought forward | 4,726 | 5,373 | ||
| Insurance | 10,178 | 10,237 | ||
| Light and heat | 2,404 | 2,040 | ||
| Telephone | 13,503 | 16,628 | ||
| Postage and stationery | 2,707 | 1,902 | ||
| Sundries | 1,036 | 566 | ||
| Repairs and renewals | 9,396 | 8,540 | ||
| Public liability insurance | 23,110 | 23,730 | ||
| 67,060 | 69,016 | |||
| Finance | ||||
| Bank charges | 6,293 | 5,995 | ||
| Depreciation | ||||
| Depreciation oftangible | fixed assets | 14,928 | 16,015 | |
| Governance costs |
||||
| Auditors' remuneration |
4,000 | 3,900 | ||
| Auditors' remuneration |
for non audit | work | 13,747 | 13,509 |
| Legal fees | 9,397 | 8,202 | ||
| 27,144 | 25,611 | |||
| Total resources expended | 834,250 | 727,201 | ||
| Net income | 216,225 | 350,016 |