REGISTERED COMPANY NUMBER: 04236669 (England and Wales) REGISTERED CHARtTY NUMBER: 1168762 Report of the Trustees and Finanelal Statements For The Year Ended 30 June 2024 ror Sheffield And Hallamshire County Football Association Llmited Roddis Taylor Robinson Chartered Accountants Statutory Auditor Unit 6, Acorn Business Park Woodseats Close Sli¢tTi¢ld South Yorkshire S8 OTB
Sheffield And Hallamshire County Football Association Limited Contents of the Financial Statements For The Year Ended 30 June 2024 Page Report of the Trustees Report of the Independent Audltors Statement of Flnanclal Actlvltles Balance Sheet Cash Flow Statement io Notes to the Cash Flow Statement Notes to the Flnanclal Statements 12 to 21 Detalled Statement of Flnanclal Actlvltles 22 to 23
Sheffield And Hallamshire County Football Association Limited Report of the Trustees For The Year Ended 30 June 2024 The tnistees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Rcporting by Charitics: Statcincnt of Rccoinmcndcd Practicc applicablc to charitics prcparing thcir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Treland (FRS 102) (¢ff¢ctiv¢ l January 2019). OBJECTIVES AND ACTIVITIES Objeetives, aims and significant activities Tl)e principal objects are to promote, develop and support coinmuiiity participation li) healthy recreation by providing or assisting in thc provision of facilitics for thc p11¢ ying of thc gamc of football and sucli oihcr sports or physical activitics which improve fitness and health (facilities means land, buildings, equipment and organising sporting activities); to advance amateur sport by pron)oting tl)e ainateur playing of the gaine and such other sports or gaines which promote health by involving physical or mental skill or exertion and which are undertaken on an amateur basis,. lo advance education (including academic and pliysical education) by such means as tlie tiijstees think fit includiiig helping and cducalingy childrLii and yoiing pcoplc by providiiig, facililics for thc playing7 of IIIL gyanic and othci. sports (IS lo dcvclop their physical, mental and social capacities that they may grow to full Maturity as individuals and members of the coinmunily,. and lo rclievc pcoplc with disabililics, Icarning difficulties or ill-hcalih by Ihc provision of facililics for the playingy of the &Jamc and otlicr sport, rcci'calion or Icisurc limc occupation in ihc intcrests of social wclfarc and with thc objcct of impi'oving Il)e conditioi)s of life of such people. Public beneflt Thc Iruslccs confimi that Ihcy havc liad rcgard lo thc Charity Coillmission's guidancc on piiblic bcncfil. ACHIEVEMENT AND PERFORMANCE Charitable Y4¢tlvitles Tlic principlc objcctivc of ti)c coii)pany is to proinotL comn)Linily participation in physical activity. Thc coinpany sti'ivcs to creatc an cnvironiiicnl wlicrc rcgyardlcss of agyc, ability, faith, gycndci., sexuality, or backgyround pcoplc from across thc rc&¥ioii arc ablc lo ciijoy parlicipalioii iii tooiball. Tlic main activilics undcitakcn by Ihc charity to fiiitlicr tlic charilablc pui'poscs for public bcncfit includc provision of football gyovcrnaiicc aiid adininislralion of coinpclitioiis, football devclopmcnt, safcguarding, training of refcrccs, supportingy tacility dcvclopincnt aiid girass pilcli iniprovcnicnt. Fundraising activitles Thc company attractcd grant fundingi froin Thc FA plus additional football funding. Strateglc revlew The year ending June 2024 wa5 arguably the most successful in the Association's 150+ years of operation. The Association continued to make probyress with gyovernance structiires. Following chanbyes to the Articles of Association, a niimbcr of new Truslccs wcrc appointed, bringiiig a wealth ot expcricncc troin across grassroots football. Having a¢hi¢v¢d th¢ Equality Standard in Sport Foundation l¢v¢l during th¢ latt¢r parl of th¢ 2022123 scason, wc reached the higher Preliminary level in the early parl of 2023124, before becoming the first Coullty FA to attain the advanced V2 level of tlie FA Code of Governance tor County FAS. Our rapid progress iii this area is a testament to the hard work of both the Roard and the executive team. Page I
Sheffield And Hallamshire County Football Association Limited Report of the Trustees For The Year Ended 30 June 2024 ACHIEVEMENT AND PERFORMANCE Oil football-related n]atters, the Association's perfonnance was outstanding. All player pathways grew during the season, and we achieved our main objective within the 2021_24 strategy by l-eaching 50,000 regJistered players. Our FA KPT perf0mnCe was positive across all areas, and Sheffield & Hallamshire County FA was the highest-perfom]ing County FA in thc country bascd on combincd KPIS. This is an achicvcmcnt that cvcryonc conncctcd to thc Association should be immensely proud of. Safcguarding and compliancc with thc FA Safeguarding Opcrating Standard rcmain kcy priorilics in our work. In July 2023. Shetrield & Hallamshire County FA'S operating procedures were independeiitly audited by the NSPCC. The audit confirmed that all FA sateguarding criteria were tiilly inet. and the assessors id¢ntilied several areas ot'particularly good practice. Throughout 2023124, Shcfficld & Hallanishirc County FA undcrtook an extcnsivc programmc of cngageincnt, including consultations with key gjrassroots stakeholdcrs, local authorities, and professional clubs across our regyion. This provided tlic Associalioi) with valuablc data and cuslomcr insights, wliich will hclp shapc our local intcrprctation of tlic FA'S National Siraicgic Framework for 2024-28. FINANCIAL REVIEW Financial position Tlic Iruslccs rcporl an opcrating surplus for the financial ycar of £186,839 12023.. £216,225). Thc cash and cash cquivalents at thc cnd of the reporting pcriod stand at £1,761,795. Reserves policy ShLllicld and Ilallainshirc County Football Association Liinilcd maintains frcc rcscrvcs in ordcr to fund inajor ncw initiatives and as a shicld agiainsl futLirc downturns. Thc trustecs havc cslablishcd a policy of Inaintainingi rcscrvcs at a discrctioiiary miiiiimiiin Icvcl, ciirrcntly cqiialiiig> lo 6 moiilli's opci'aliiigi costs. Al Ihc ciid of Ihc ycar Ihc actual rcscrvcs Icvcl cxcccdcd Ihc policy. Thc rcscrvc Icvcls circ Inoiiitorcd rcgyiilic rly by thc tnistccs with tIIc C<ish nian<igycd iiiicrnic Ily on ,2 daily basis. Tliis ciisurcs that sufficiciil r¢soiirccs <irc availablc lo nicct tlic iiccds of coiilinuiiigy <lCtivitics in Ilic f<qCC of a sigynilicant drop in byrant tunding. Wlicn considcriiigy tlic r¢quii'¢d Icvcl of I'cscrvcs Ilic following risks hav¢ b¢¢ii takcn into accoiiiil: Risk as50cialcd willi eacli strcam ot. iiicoillc and cxpcnditurc bcing7 diftcrcnt Irorn that budg?ctcd Planiicd activity Icvcl Organisations commitments Thc ovcrall fund balancc on .10 Junc 2024 has incrcascd ovcr thc past ycai. by £186,839 to £1,998,699. Thc ovcrall fund balance consist5 of £1,562,004 of unrestricted funds and £436,695 of restricted fund5. Thc trustccs con5idcr Ihc rcscrvcs policy in the cuiyenl year to be a success as unrestricted funds of £1,562,004 have increascd by £298,852 during Ihc ycar. FUTURE PLANS Tli¢ company has futur¢ plans to ulilisc r¢scrvcs to dcvclop a football facility which liclps witli furih¢ring its charitablc objectives and diversifying income potential. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Sl)effield and Hallamshire County Football Association Liniited is a private company limited by guarantee governed by its Memorandum and Articles of Association dated 8 September 2022. It is registered as a charity witli the Charity Commission. Recruitment and appointment of new trustees As set out in the Articles of Association the members appoint the independent trustees and up to six other trustees. A President may be nominated by the council and elected by die members. tlie Chair is appointed by die council. Page 2
Sheffield And Hallamshire County Football Association Limited Report of the Trustees For The Year Ended 30 June 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT OrganisationAI structure The trustees maintain governance and oversight of the charity. A Council consisting of football stakeholders along with a numb¢r of sLqkehold¢r forums are in place to allow the charity to gain stak¢hold¢r feedback. Th¢ staff team maiiitaii responsibility for operational delivery and achievement of The FA key perforn]ance indicators. Decision maklng During 2021 Iruslees approved a new Ihree-year strategy. Strategic implementation is delegated to the General Manager. Tl)¢ Geiieral Manager has overall responsibility for the company's staff. Induction and training of new trustees The company will adopt the gyuidance contained within the FA'S Code of Governance for County FAS. Key management remuneration Tlie General Maiiager aiid sei)ior management team are considered as Key Management Personnel. All trustees giv¢ of thcir tiinc frccly and no trLlStcc rcceivcd rciniincralion duringJ the ycar. Trusiccs rcvicw staff salaries in linc with FA Tuidance and considerinLT the financial performance of the chai'itable company. Engagement ivlth employees Tli¢ C'.oiinly FA iind¢rlakcs an aiinual engagement aiid satisfaction survey with staff via The FA State of Play survey. Risk management Tlic tnislcLS liavc a duty to idcnlify and rcvicw Ihc i-isks lo which the charity is exposcd and to cnsure appi-opriatc controls arc in placc to provide rcasonablc assurancc a&?ainst fraud aiid crror. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 04236()691 Ei)&?land IL lid Walcs) Re%lstered ChArlty nurnber 1168762 Reglstered offlce Clcg'gl House 204 Mcadowhall Road Shcfficld S9 IBN Trustees C P Burton (i'csigined 29.1.24) B Coddington M Gilniour MWTate I A Vaines R Beynon (resigned 29.1.24} Ms R J Habergham (resigned 6.8.24) D G Smith (appoint¢d 21.9.23) Ms G A Mitchell (appointed 3.11.23) Audltors Roddis Taylor Robinson Cliart¢r¢d A¢¢ountanls Statutory Auditor Unit 6, Acorn Business Park Woodseats Close Sheffield South Yorkshir¢ S8 OTR Page 3
Sheffield And Hallamshire County Football Association Limited Report of the Trustees For The Year Ended 30 June 2024 REFERENCE AND ADMINISTIL4TIVE DETAILS M#nager The Trustee's delegate the day to day management of the charity to S Frost, the charity's General Manager. Bankers Virgin Money Fargatc Sheffield SI ILL STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Sheffield And Hallamshire County Football Association Limited for the purposes of company law) are responsible for preparii)g the Report of the Trustees and the financial statements in accord(Incc witli applicablc law and Unitcd Kingdom Accounting Standards (Unitcd KingJdom Gcncrally Acccptcd Accounting Practice). Company law rcquires thc trustccs lo prcparc financial slalcmcnts for cach financial ycar which givc a truc and fair vicw of Il)¢ slate of affairs of the charitabl¢ coinpany and of tli¢ iiicoining resources aiid application of r¢sollrc¢s, iiicluding tlie iiicoinc aiid cxpcndiliii'c, ol- Ilic charilablc compai)y tor Iliac period. li) prcparing Ll)osc linaiicial slatcimciils. thc trustccs arc rcquircd to 5clcct suitablc accounting policics and thcn apply thcin consistcntly; obscrvc Ilic Imclhods and principlcs in thc Cliarily SORP,. makc JLidgJLniLnis aiid Lsliinaics that arc rcasoiiablc and pnidcnt; prcparc tlic financial slalcmcnts on thc gioingi conccrn basis unless il is inappropriatc to prcsumc that thc charitablc coinpany will coiitinuc in busincss. Tlic trust¢cs arc rcsponsiblc for kccpin&' propcr accounting rccords which dis¢los¢ with rcasonablc accuracy at any lim thc tinaiicial positioii of Ilic cliarilablc coinpany aiid to cnablc Ihcm lo cnsurc that Ihc tiiiancial slatciiiciits coinply with thc C.ompanics Act 2006. Tlicy arc also rcsponsiblc for safcgyuardingy thc asscls ol. tlic charilablc company and hcncc for takingi rcasonablc stcps for thc prcv¢ntion and dctcction of fraud and othcr irrcgiularitics. Iii so far as tlic trustccs arc awarc.. Ihcrc is iio rclcvant audit infonnatioii of which Ilic cliarilablc company's auditors arc unawarc,. and thc trustcvs liavc takcii all stvps that Ihvy Oubylit to havc takvn to Inakc IhcinsLlvis awarc of any relcvant audit information and to establish that the auditors are aware of that information. AUDITORS Tlic auditors, Roddis Taylor Robinson, will bc proposcd for rc-appoinlincnt at tlic forthcoming Annual Gcncral Mccting. Approvcd by ord¢r of th¢ board of trustc¢s on 28 March 2025 and sign¢d on its bclialf by.. B Coddington - Trustee Page 4
Report of the Independent Auditors to the Members of SheIeld And Hallanlshire County Football Association Limited Opinion We have audited the financial statements of Sheffield And Hallamshire County Football Association Limited (the 'charitable company,) for the year ended 30 Julie 2024 which coinprise the Statement of Finaiicial Activities, the Balanc¢ Sheet, the Cash Flow Statemenl and notes to the financial statements, includingi a sumTmary of sigJnificant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting standards (UnitLd Kingdom Gcncrally Acccptcd Accounting Practicc). Iii our opinion die financial stal¢ni¢nts'. givc a truc and fair vicw of thc statc of Ihc charitablc company's affairs as at 30 Junc 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared iii accordance with Ui)it¢d Kingdoin G¢n¢rally 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 (UK) (ISAS (UK}) and applicable law. Our rcsponsibilitics under tliosc standards arc furthcr dcscribcd in Ihc Auditors, rcsponsibilitics for Ihc aiidit of thc financial statcments section of our report. We are indcpcndcnt of the charitable company in accordance witli the ethical rcqiiircn)ci)Is that arc rclcvanl lo our audit of Il)c tinai)cial slalLmLnts iii Ihc UK, including Ihc FRC'S Eiliical Standard, and wc liavc fulfillcd our olhcr clhical rcsponsibililics in accoi'dancc witli thcsc rcqiiircincnts. We bclicvc tliat thc audit evidence we have obiain¢d is suffi¢ieiit and appropriat¢ to provide a basis for our opinion. Conclusions relating to going concern lii audilingy Ilic liiiancial slalcii)ciiis, wc havc concludcd that Ilic truslccs, usc of thc going concern basis of accounting in the preparation of the financial statements is appropriat¢. Based on Ihc work wc have pcrformcd, we have not identificd any matcrial iinccrtc1inlics rclalingF lo cvents or conditions that, individually or collcctivcly, may cast si&iiiificanl doubt on thc charitablc coinpany's ability to continLiC as a g?oing coiiccrn for a pcriod of al Icast twclvc Inoiiilis froin whcn Ilic financial slalcmcnts arc aiithoriscd for issuc. Our rcsponsibilitics and thc rcsponsibilitics of Ihc Iruslccs with rcspcct lo going conccrn arc dcscribcd in thc rclcvant scclions of this rLport. Other Informatlon Tlic trLlStccs arc i-csponsiblc for thc oihcr infornialion. Tlic otlicr iiiformation coinpi-iscs Ilic infoi-iiiatioii includcd in thc Ani)ual Rcpoi't, oihcr tlian thc fiiiancial StatclCnts and our Rcporl of thc Indcpci)dci)i Auditors tlicrcon. Our opinion on thc financial slalcmcnts docs not covcr thc othcr information and, cxccpl to thc cxlcnt othcnvise explicitly staled In our report, we do not express any form of assurance conclusion Ihereon. In conncction with our audit of thc financial statcmcnts, our rcsponsibility is to read the other information and, in doing so, coiisidcr whcilier the othcr infonnation is materially incoiisistciit with the financial statcmciits or our knowlcdge obiaiiiLd in Ihc audit or oilicrwisc appcars lo bc iiialcrially niisslalcd. Jf wc idcnlify siich malcrial inconsi8lLncics or apparent material mi5slalements, we are required to determine whether this gives rise to a material misstatement in the finaiicial statcrncnts thcmsclves. If, based oil the woi'k wc have pcrformcd, we conclude that tlierc is a nialcrial misstatement of this other information, we are required to report that fact. We have nothinby lo report in this rebyard. Oplnlons on other matters prescrlbed by the Companles Act 2006 lil our opinion, based on the work undertaken in the course of the audit.. th¢ information givcii in th¢ Rcport of thc Tnist¢cs for th¢ financial ycar for which th¢ financial slal¢m¢nts arc pi'epai'ed is consistent with the financial statements,. and the Report of tlie Trustees has been prepared iii accordance with applicable legal requirements. Page S
Report of the Independent Auditors to the Members of SheIeld And Hallanlshire County Football Association Limited Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the ¢ourse of the audit, we have not identified material misstatements in the Report of the Trustees. Wc havc nothing to rcport in rcspcct of thc following mattcrs whcrc thc Companics Act 2006 rcquircs us to rcport to you if, in our opinion.. ad¢quat accounting r¢¢ords have not beeii kept or r¢turns adequate for our audit hav¢ not been rec¢iv¢d from branchcs not visitcd by us. or the financial statements are not in agreement with the accounting records and returns. or certain dis¢losur¢s of truste¢s' r¢mun¢ratioii sp¢citied by law are iiot made. or we have not received all the information and explanations we require for our audit; or the Iruslees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Str¢ltcgic Rcporl or in prLpciriiig the RLport of Ihc TrustLcs. Responslbllltles of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charilablc compai)y for Ihc purposcs ot. company law) arc rLsponsiblc for thc prcparaiion of Il)c financial slalcin¢i)ts and for bciii&J satisficd that Ihcy giivc a li-ue and fair vicw, and for siich intcinal coiitrol as Ihc Iruslces dctcrniiiic is ncccssary to enable the preparation of financial statements that are fr¢¢ from material misstat¢m¢nt, wh¢thei' due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continu¢ as a going conceiii, disclosing, as applicabl¢. mall¢rs i'claled lo goiiig concern and usii)g th¢ going conc¢ni basis of accountingy unless thc trustecs citlicr inlcnd to liqiiidalc thc charitablc company or to ccasc opci'ations, or have no r¢alisti¢ alt¢rnative but lo do so. Our responslbilltles for the audit of the flnanclal statements Our objcctivcs arc lo obtain rcasonablc assuraiicc about whcthcr thc finaiicial siaicmcnls as a wholc arc frcc from Inatci-ial misstatcincnt, wlicllier duc to fraud or cri'or, and to issuc a Report ot. the Iiidcpcndcnt Aiidilors tlial iiicludcs our opiiiion. Rc<isoiiablc assiiraiicc is a Iiigyli Icvcl of assiirancc, bul is iiot a gruaraiilcc tli<il ali audit coiiductcd iii accordancc willI ISAS (UK) will always dctcct a niaicrial Inissiaicmcnl whcii it cxisis. MisslalcillLiils can arisc trom traud oi. error and arc considcrcd matcrial if, individually or in Ihc abbii'cgyatc, Ilicy could rcasonably bc cxpcclcd to influcncc thc cconomic decisions of uscrs takcn on Ihc basis of Ihcsc financial statcmcnts. Thc Cxtcnl lo whicli our proccdurcs arc capablc of dctcclingi irrcbyularitics, includinbi fraud is dctailcd bclow: Tlic company is subjccl to laws and rcgyulalions that directly and indircclly affect Ilic financial slalcmcnls. Bascd on our undcr5taiiding of thc coinpclny and thc cnviroiiincnl in which it opcratcs, wc dctcrmincd that thc laws and rcgjulations which wcrc most significant included Data Prolcclion, Hcalth and Safcty and anti-bribcry Icgislatioii. Wc considered thc cxtcnt to which non-coiiipliancc with laws and rcgyiilations Inibyhi liavc a Iat¢rial cffcct on tlic financial statcincnls, including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of IIIL finaiicial statcmcnls {iiicludingi Ilic risk of ovcrridc of controls) aiid dclcnnincd ihal IIiL principcql risks rclalcd to th¢ postinbF of inappropriatc accountinbF cntrics to Inanipulatc thc company rcsults lor thc ycai. and manabJcmcnl bias in key accounliiig cstiniates. Page 6
Report of the Independent Auditors to the Members of SheIeld And Hallanlshire County Football Association Limited Audit proccdurcs pcrfomicd by thc cngagcmcnt tcarn includcd.. Discussions with management to obtain an undersL4nding of the legal and regulatory framework applicable to the company and liow it cnsurcs con)pliLincc, including considcration of known or suspcctcd instanccs of non-compliance with laws and regulalions and fraud- Reviewing minutes of Iloard meetings. Idcntifying and asscssing thc cffcctivcncss of intcrnal controls in placc to mitigatc risks of fraud and non-compliance with laws and regwlalions; Enquiring of managcmcnl as to actual and potcnlial litigation and claiins and rcvicwing Icgal and profcssional fees; Challengiingi assumptions and judgTements made by managiement in their siginificant accountingi estimates. Jdcntifying and tcsting accounting cntrics, in particiilar any cntrics postcd with unusual account combinations or postcd by senioi- managiement. Thcrc arc inhcrent liinitations in thc audit proccdurcs dcscribcd above and thc rnorc rcmovcd non-coinpliancc with laws and regulations is from the events ai)d transactions r¢fl¢¢t¢d in tl)¢ financial slal¢m¢nts, th¢ less likely we ar¢ to b¢¢onie awarc ot- it. Also, IIIL risk of iiol dciccliiig a malcrial misslalcimciil dLIL lo traud is highcr Ilian Ilic risk ot- not dclcciiiig onc resulting from error, as fi-aud niay involvc dclibcratc conccalnicnt by, for cxainplc, forbyciy or intentional Inisr¢presentation or Il]rough collusion. A furihcr description of our responsibilitics for the audit of the financial slalcmcnts is locatcd on the Financial Rcportin Council's wcbsiic al www.frc.orgy.uk/aiidilorsrcsponsibiliiiLS. Tl)is dcscripiion forms parl of our Rcport of. Ihc Iiidcpcndcnt Auditors. Use of our report Tliis rcporl is Inadc solcly to thc charitablc Conipany's mcmbci's, as a body, in accordancc with Chaptcr 3 of Parl 16 of the Companics Act 2006. Our audit work has bccn undcrtakcii so thai wc Inig,Iit stalc to Ihc charitablc company's Incinbcrs thosc matlcrs wc arc rcquircd lo statc to Ilicm in an auditors, rcporl and for no othcr purposc. To thc fullcst cxlcnt pcrinillcd by law, wc do not acccpt oi. assuinc rcsponsibility to aiiyoiic oihcr Ilian Ihc cliaritablc coinpany and the charilablc coinpany's mcmbcrs as a body, for our alidil work, tor this rcport, or for Ihc opiiiions we havc formcd. Julic Holdcrncss Isciiior Slalulory Auditor) for and on bchalf of Roddis Taylor Robinson Chartered Accountants Statutory Auditor Unit 6, Acorn Business Park Wood5eats Close Shcrricld South Yorkshire S8 OTB 28 March 2025 Page 7
Sheffield And Hallamshire County Football Association Limited Statelnent of Financial Activities For The Year Ended 30 June 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notcs INCOME AND ENDOWMENTS FROM Donations and Icgacics 1,570 1,570 1.270 Charitable actlvitles Football Administration and Development 931,725 93,081 1,024,806 1,023,899 Invcstmcnt incomc 60,941 60,941 25,306 Total 992,666 94,651 ,087,317 1,050,475 EXPENDITURE ON Charltable actlvltles Football Administration and f)eveloprnent 693,814 206,664 900,478 8.34,250 NET INCOMEI(EXPENDITURE) 298,852 (112,013) l 86,839 216.225 RECONCILIATION OF FUNDS Total funds bi'oLi&vlil forward 1,263,152 548,708 1,811,860 1,595,635 TOTAL FUNDS CARRIED FORWARD 1,5C)2,n04 436,C)95 1,998,()99 1,811,860 Thc notcs fonn part of thcsc financial statcmcnts Page 8
Sheffield And Hallamshire County Football Association Limited Balance Sheet 30 June 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notcs FIXED ASSETS Tangiblc asscts Tnvestnients 12 13 268,002 700 228,260 496,262 700 508,787 701 268,702 228,260 496,962 509,488 CURRENT ASSETS Stocks Debtors Cash at bank 14 1,063 16,344 1,553,160 1,063 16,344 1,761,795 1,177 29.211 1,520,891 208,435 1,570,767 208,435 1,779,202 1,551,279 CREDITORS Amounts falling due within one year 16 (277,465) (277,465) 1248,9071 NET CURRENT ASSETS 1,293,302 208,435 1,501,737 1,302,372 TOTAL ASSETS LESS CURRENT LIABILITIES 1,562.004 436,695 1,998,699 1,811,860 NET ASSETS 1,562,004 436,()95 1,998,()99 1,811,860 17 Uiir¢stri¢l¢d fiiiids Rc5trictcd funds 1.562,n04 436,695 1,26.1,152 548.708 TOTAL FUNDS 1,998,699 1,811,860 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subj¢ct to th¢ small coinpanics rcgiinc. The financial statements were approved by the Board of Trustees and autliorised for issue on 28 March 2025 and were sigiicd on ils bcliall'by.. B Coddington - Trustee Thc notcs fonn part of thcsc financial statcmcnts Page 9
Sheffield And Hallamshire County Football Association Limited Cash Flow Statement For The Year Ended 30 June 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations Intcrcsi paid 181,450 216,906 Nel cash provided by operating activities 181,439 216,906 Cash flows froln Investlng actlvltles Purchase of tangible tixed assets Ii)terest received Dividends received (1,4761 60.919 22 (3,025) 25,286 20 Nci cash providcd by invcsting activitics 59,465 22,281 Change in cash and Cash equivalents in the reporting period Cash and cash equlvalents at the beginnlng of the reportlng period 240,904 239,187 1,520,891 1,281 ,704 Cash and CY4sh equlvalents at the end of the reportlnR perlod 1,761,795 1,520,891 The notes forn] part of these financial stateinents Page 10
Sheffield And Hallamshire County Football Association Limited Notes to the Cash Flow Statement For The Year Ended 30 June 2024 RECONCILIA TJON OF NET INCOME TO NET CASH FLOW FROM OPERA TING ACTtVlTJES 2024 2023 Net income for the reporting period (as per the Statement Df Financial Activities) Adjustments for: Dcprcciation cliargcs Interest received Interest paid Dividcnds rcccivcd Decrease in stocks Dccrease ii) d¢btors Increase in creditors 186,839 216.225 14,001 (60,919) 14,928 (25,2861 (22) (20) 2,706 5.723 2,6.30 12,867 28,559 Net cash provided by operatlons 181,450 216,906 ANALYSIS OF CHANGES IN NET FUNDS At 1.7.23 Cash flow At 30.6.24 Net Cash Casli at bank 1,520,891 240,9Q4 1,761,795 1,520,891 240,904 1,761,795 Total 1,52n,891 24n,9n4 1,761,795 The notes forn] part of these financial stateinents Pagell
Sheffield And Hallamshire County Football Association Limited ]Notes to the Financial Statements For The Year Ended 30 June 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in a¢cordan¢¢ with die Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Stat¢in¢nt of Recon]mended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019),, Financial Rcporting St1¢ ndard 102 'Thc Financial Rcp()rting Slaiidard applicablc in tlic UK and Rcpublic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. with the exception of investments which are included at market value. Income All incomc is rccogniscd in thc Statcimcnt of Financial Activitics oncc thc charity has cntitlcmcnt to thc funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabililics are recogiiised as expenditure as soon as there is a legal or constructive obligation con)Illilling the charity lo that cxpcndilure, il is probablc that a transfer of cconomic bcnefits will bc rcquircd in scttleincnt and the amount of the obligation can be m¢asllr¢d i-¢liably. Expcnditur¢ is a¢coiint¢d tor oil ali accrllals basis and has bccii classilicd undcr hcadings that aggi'cgatc all cost rclalcd lo thc calcgory. Wlicrc cosls cannoi bc directly attributcd lo particular hcadin&Fs Ihcy havc bccn allocalcd to activilics on a basis consistcnt with thc usc of resources. Grants offcred subject to conditions which hav¢ not b¢en m¢t at th¢ year end date ar¢ noted as a ¢ominitment but not aLcrucd as LXPLnditiirc. Tanglble tlxed assets r)Lprccialion is provided at thc followingy annual ratcs in ordcr lo writc off cach assct ovcr its cstimalcd uscful litc. Frccliold propcrty Fixtures and fittings 2V/y slraigFht linc 20U/u on rcducing balance and l 00/0 on rcducing balance Stocks Stocks arc valucd at thc lowcr of cost and nct rcalisablc value, aftcr making duc allowaiicc for obsolctc and slow movin&1 ilcms. Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accountlng Uni'LsU'iclcd luiids can b¢ uscd in a¢¢ordan¢c with thc chai-itablc objcctivcs at th¢ discrction of th¢ tt-ustc¢s. Restricted funds cali only be used for particular resu-icted piirposes within the objects ot the charity. Restrictions al-is¢ wlicn sp¢cificd by thc donoi- or wh¢n funds arc rais¢d for particular r¢stri¢t¢d purpos¢s. Further explaiiation of the nature and purpose of each fund is included in the notes to tlie financial stalenients. Pension costs and other post-retirement benefits Tli¢ ¢liaritabl¢ company opcratcs a d¢fin¢d contribution pcnsion s¢hcin¢. Contributions payablc to tlic Charilablc company's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate. Page 12 continued...
Sheffield And Hallamshire County Football Association Limited Notes to the Financial Statements - continued For The Year Ended 30 June 2024 DONATIONS AND LEGACIES 2024 2023 Donations 1,570 1,270 INVESTMENT INCOME 2024 2023 Bai)k interest received Dividcnds rcccivcd 60,919 22 25.286 20 60,941 25.306 INCOME FROM CHARITABLE ACTIVITIES 2024 Football Administration and Dcvclopincnl 2023 Total activities Aifiliation fccs Conipclition incomc Fii)cs ai)d protcsl fces Sponsorsliip and advcriising FA (irants Rclail aiid siindry incomc Course incoinc Rcfcrcc incom¢ 192,771 111,816 200,849 9,132 469.996 3,295 30,5() I 91 .8116 172.425 9,()77 580,422 1,245 58,839 52,163 1,024,806 1,023,899 CHARITABLE ACTIVITIES COSTS Grant ndinby of activities (sc¢ not¢ Support costs (scc note 71 Dircct Costs 6) Totals Football Administration and Development 620,106 102,408 177,964 900,478 Page 13 continued...
Sheffield And Hallamshire County Football Association Limited Notes to the Financial Statements - continued For The Year Ended 30 June 2024 GRANTS PAYABLE 2024 2023 Football Administration and Development 102,408 104,692 SUPPORT COSTS Other overheads Governance costs Finance Depreciation Totals Football Administration and Development 143.195 8.115 14.001 12,653 177,964 NET INCOME/{EXPENDITURE) Nel income/(expcnditurel is stated after chargingl(creditii)g)'. 2024 2023 Auditors, i'emuncration Aiidilors, i'LniLincralioii foi. noii audit work Dcprcciation - owiicd asscls 4,400 3,041 14,OQl 4,000 13,747 14,928 TRUSTEES, REMUNERATION AND BENEFITS Thcrc wcrc no trustccs, rcmuncration or oihcr bcncfits for thc ycar cndcd 30 Junc 2024 nor for thc ycar cndcd 30 Junc 2023. Trustees, expenses Tlicrc wcrc no ttustccs, cxpcnscs paid for thc ycar cndcd 30 Junc 2()24 nor for thc ycar cndcd 3() Junc 2023. Jo. STAFF COSTS 2024 2023 Wages and salaries Social security costs Oih¢i' pciision costs 504,778 39,794 35.127 512,182 40,942 27,914 579,699 581,038 Tlic avcragc monthly iiumb¢r of ¢mploy¢cs during th¢ ycar was as follows.. 2024 2023 Dir¢ctors Other 20 20 27 26 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was= 2024 2023 £60,001- £70,000 Page 14 continued...
Sheffield And Hallamshire County Football Association Limited Notes to the Financial Statements - continued For The Year Ended 30 June 2024 10. STAFF COSTS- continued The av¢rag¢ number of ¢inploye¢s includes th¢ Directors who did not re¢¢iv¢ any r¢mun¢ration for their services. Key management remuneration The total i'emuneration and benefits to key management personnel in the year amounted to £173,986 (2023.. £166,714). COMPARA TIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES Unresti'icted lids Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and Icgacics 1,270 1,270 Charltable actlvltles Football Administration and r)evelopment 821,734 202,165 1,023,899 Invesimcnt income 25,306 25,306 Total 847,Q40 203,435 1,050,475 EXPENDITURE ON Charltable actlvltles Football Adniinislralion and Dcvclopmcnt 649,537 184,713 834.250 NET INCOME 197,503 18,722 216,225 RECONCILIATION OF FUYDS Total funds bi'oubylit fonvard 1,065,648 529.987 1,595,635 TOTAL FUNDS CARRIED FORWARD 1,263,151 548,709 1,811,860 Page 15 continued...
Sheffield And Hallamshire County Football Association Limited Notes to the Financial Statements - continued For The Year Ended 30 June 2024 12. TANGIBLE FIXED ASSETS Fixtures and Freehold property Tolals COST At l July 2023 Additions 504,302 236,811 1,476 741,113 1,476 At 30 June 2024 504,302 238.287 742,589 DEPRECIATION At l Jiily 2023 Charge for year 51,531 6,086 180,795 7,915 232,326 14,001 At 30 Junc 2024 57,617 188,710 246,327 NET BOOK VALUE At 30 June 2024 446.685 49.577 496.262 At 30 June 202.3 452,771 56,016 508,787 13. FIXED ASSET INVESTMENTS Sharcs in Listcd invcstmcnts undcriakings Totals COST LESS IMPAIRMEIYT At l July 2023 Disposals 700 701 At 30 Junc 2024 700 700 NET BOOK VALUE At 30 June 2024 700 700 At 30 June 2023 700 701 There were no investment assets outside the UK. Tlic mark¢t valuc of list¢d invcsttn¢nts is £42112023.. £336). 14. STOCKS 2024 2023 Stocks 1,177 Page 16 continued...
Sheffield And Hallamshire County Football Association Limited Notes to the Financial Statements - continued For The Year Ended 30 June 2024 15. DEB TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Course debtors Other debtors Prcpaymcnts and accrucd incomc 456 13,980 1,908 12,998 13,980 2,233 16,344 29,211 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Tax Social security and other taxes OtlILI' crLditors Accruals and deferred income 42 10.714 80,OOC) 186,703 42 2.428 60,C)37 185,800 277,465 248,907 17. MOVEMENT IN FUNDS Ncl movcincnt in fiiiids At 1 .7.23 30.().24 Unrestrlcted funds GLiicral tuiid 1,263,152 298,1152 1,562,004 Restrleted funds Bciicvolcnl fund FA - Wildcats tund FA - Eliro liost city fund FA - Wonicn's rccrcalional officcr fund FA - Innovation and inclusioii fund FA - Propcrly flind Othci. restriclcd fuiids Squad Girls Grass Pitcli Support Fund Football Delivery Fund L¥v¢l Playin&i Fi¢ld Fuiid 36,655 47,8()2 320 (11,.300) (C),549) (40,9118) (23,01)C)) (7.626) (1,570) 3().975 3(),5()2 55,874 l R.423 6,718 263,260 59,411 29,724 270,8%6 1,570 12,100 489 7,588 20,000 12,100 (489) (805) (20,000) 6,783 548,708 (112,013) 436,695 TOTAL FUNDS 1,811,860 186,819 1,998,699 Page 17 continued...
Sheffield And Hallamshire County Football Association Limited Notes to the Financial Statements - continued For The Year Ended 30 June 2024 17. MOVEMENT IN FUNDS - continued Net movement in fi]nds, in¢lud¢d iii th¢ above are as follows: Incoming rcsourccs Resources cxpcndcd Movement in funds Unrestrlcted funds General fund 992,666 (693,814) 298,852 Restricted funds Beiievolenl fund FA - Wildcats fund FA - Euro host city fund FA - WoniLn's rccr¢alional officcr fund FA - Innovation cind inclusion fund FA - Property fund Othcr rcstricled ndS Squad Girls (irass Pitch Support Fund rooib¢111 Dclivcry Fund Level Playingy Field Fund 1,570 4,900 (1.250) (16,200) 16,549) (C)8,988) (23,OOC)) (7.626) (16,944) 14,SQO) (22,796) (18,805) 120,000) 320 (11,300) (6,549) (40.988) (23,006) (7,626) (1,570) 28.000 15.374 4,500 22,307 18,ono (489) (805) 120,000) 94,651 (206,664) (112,013) TOTAL FUNDS 1,087,317 (900,478) I S6,839 Comparatlves for movement In funds Ncl Inovcincnt in fiinds At 1.7.22 30.C).23 Unrestrlcted funds Ociicral fund 1,065,648 197,504 1,263,152 Restrlcted funds Bciicvolcnl fund rA - Wildiat5 fund FA - Eiiro liost city fund FA - Wom¢n's rccrcalional officcr fund FA - Innovation and inclusion fund FA - Propcrly fund Otlier restricted funds Squad Girls Grass Pit¢li Siipport Fund Football Delivery Fund Level Playing Field Fuiid 35.885 47,837 27,564 100,790 29,724 278,512 9,675 770 25 34,859 (41,379) 36,655 47.862 62,423 59,411 29,724 270,886 1,570 12,100 489 7,588 20,000 (7.626) (8,105) 12,100 489 7,588 20,000 529,987 18,721 548,708 TOTAL FUNDS 1,595,635 216,225 1,811,860 Page 18 continued...
Sheffield And Hallamshire County Football Association Limited Notes to the Financial Statements - continued For The Year Ended 30 June 2024 17. MOVEMENT IN FUNDS - continued Comparativ¢ net mov¢m¢n( in funds, includ¢d in th¢ abov¢ are as follows.. Incoming rcsourccs Resources cxpcndcd Movement in funds Unrestrlcted funds General fund 847,040 (649,536) 197,504 Restricted funds Beiievolenl fund FA - Wildcats fund FA - Euro host city fund FA - WoniLn's rccrcational officer fund FA - Pi-opcrly fund Other restrict¢d 1]dS Sqiiad Girls Grass Pitch Support Fund Football Dclivcry Fund Levcl Pl¢1yin& Ficld Fund 1,270 26,800 49,000 14.000 (500) (26,775) 114,141) (55,379) (7,C)2C)) (30,270) (12,600) 120,011) (17,412) 770 25 34,859 (41,379) (7,626) (8,105) 12,100 489 7.588 20,000 22,165 24,700 20,SQO 25.000 20,ono 203,435 (184,714) 18,721 TOTAL FUNDS 1,050,475 (834,250) 216,225 A current ycar 12 moiiihs and prior ycar 12 months combincd Position is as follows: Ncl Inovcimcnt in fiinds Ai 30.6.24 At 1.7.22 Unrestrlcted funds Gciicral fund 1,065,648 496,356 1,562,004 Restrlcted funds Bciicvolcnl fund FA - Wildcats fund FA - Eiiro liost city fund FA - WoniLn's rcci-calional officcr fund FA Innovation and inclusion fund FA - Property fund Otlici. restricted funds Squad Girls Football D¢liv¢ry Fund 35,885 47,837 27,5()4 100.790 29,724 278,512 9,675 1,090 (11,275) 28,310 (82,3CI7) (23,006) (15,252) (9,675) 12,100 6,783 36,975 36.562 55,874 18,423 6,718 263,260 12,100 6,783 529,987 (93,292) 436,695 TOTAL FUNDS 1,595,635 403,064 1,998,699 Page 19 continued...
Sheffield And Hallamshire County Football Association Limited Notes to the Financial Statements - continued For The Year Ended 30 June 2024 17. MOVEMENT IN FUNDS - continued A cutTent year 12 moiiths and prior year 12 months ¢ombin¢d n¢t movement in funds, included in th¢ above are as follows- Incoming resources Rcsourccs expended Movcincnt in funds Unrestricted funds General fund 1.839.706 (1.343.350) 496,356 Restrieted funds BLnevolcnl fund FA - Wildcats fund FA - Eiiro l)ost city fuiid FA - Woinen's rccrc(Ilional officcr fund FA - Innovation and in¢lllsioi) fund FA - Properly tiind Otlici. rcstricted funds Squad (iirls Grass Pilcli Support Fund Football Dclivcry Fund Lcvcl Playing Ficld Flind 2,840 31,700 49,000 42,000 (1,750) 142,975) (20,690) (124,367) (23,006) (15,252) 147,214) (17,100) (42,807) 1.36,217) (20,000) 1,090 111,275) 28.310 (82,3C)7) (21.006) (15,252) {9,675) 12,100 29.200 42,8n7 6,783 20,000 298,086 (391,378) (93.292) TOTAL FUNDS 2,137,792 11,734,728) 403,064 Purpose of Restrlcted Funds Wlldcats fund Tlic Wildcats tund offcrs funding packaglcs to cntilics who providc football coaching to girls agcd 5 10 1 l ycars old. F.uro Host Clty fund Thc Euro Host City tund comprises money rcccivcd from the FA lo fund Icgacy projccts in Slicfficld and Rotlicrhain iii conncction witli lioslingy of thc 2022 Womcn's Europcan Football Cliampionsl)ip. Women's Recre#tlonal Officer fund The Women's Recreational Officer fund was established through funding from the FA in connection with the 2022 Woiiicii's Europcan Football Chainpionship. It funds Ilic cmployincnl of a Woincn's RccrLational ofIic¢i- and other projects to promote women's football. Innovatlon and Incluslon fund The innovation and iiiclusion fund provides ndIng for a range of programmes that promote the game of football to ¢vcryonc in so¢i¢ty. Benevolent fund The benevolent nd offers financial support to those in football who have suffered injury or loss as a direct result of participation in or travel to County FA affiliated football. Squad Girls Tli¢ Squad Girls fund otTcrs funding packagcs to cntitics wlio providc football Coacliing to girls ag¢d 12 to 15 years old. Grass Pitch Support Fund The Grass Pitch Support fund represents ndIng from the FA to cover the cost of a Football Developinent Administrator. Page 20 continued...
Sheffield And Hallamshire County Football Association Limited Notes to the Financial Statements - continued For The Year Ended 30 June 2024 17. MOVEMENT IN FUNDS - continued Football Delivery Fund Th¢ Football Delivery Fund represents 1]dIng from the FA for leagu¢ adininistration support. Level Playing Field Fund Tlic LCVLI Playing Field fund is fundcd by Ihc FA to promotc fcmalc football. 18. RELATED PARTY DISCLOSURES During the year ended 30 June 2024 there were no related party transactions (2023 £nil). Page21
Sheffield And Hallamshire County Football Association Limited Detailed Statement of Financial Activities For The Year Ended 30 June 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations 1,570 1,270 Investment Income Bank intei'est received Dividends received 60,919 22 25,286 20 60,941 25,306 Charitable activities Affili(Ition fces Compctition income Fincs and prolcst fces Sponsorship and advcrtising FA Grants Rclail and siindry incon)e Coursc income Referee income 192,771 26,-316 200,849 9,132 469,996 3,295 30,561 91,886 111,816 37,-312 l72,425 9,677 580,422 1,245 58,839 52,163 1,024,806 1,023,899 Total Incoming resources I,OS7,317 1,050,475 EXPENDITURE Charltable actlvltles WagTCS Social sccurity Pciisions Conipctilion cxpciiscs Mccting and Iravcl cxpcnscs Rcprcsciilalivc niatch cxpcnscs Rcfci'cc cxpcnscs (3ran15 to institutions Gi-ants to individuals 504,778 39,794 35,127 l O,()47 1,288 512,182 40,942 27,914 12,093 3,168 28,472 101,158 1,250 17,818 104,192 500 722,514 718,825 Support costs Other overheads Rates and water Insuran¢¢ Light and heat Telephoiie Postag¢ aiid stationcry Sundries Rcpaii's and rcncwals Carried fonvard 5,009 13,167 2,288 11,590 3,772 923 10,709 47,458 4,726 10,178 2,404 13,503 2,707 1,036 9,396 43,950 This page does not fonn part of the statutory financial statements Page 22
Sheffield And Hallamshire County Football Association Limited Detailed Statement of Financial Activities For The Year Ended 30 June 2024 2024 2023 Other overheads Brought fonvard Public liability insurance 47,458 95,737 43,950 2.3,110 143,195 67,060 Flnance Bank charges Interest payable 8,104 6,293 8,115 6,293 Depreciation Depreciation of tangible fixed assets 14,001 14,928 Governance costs Auditors, rcniuncration Auditoi's, remuneration for non audit work Legal Iccs 4,400 3,041 5,212 4,000 13,747 9.397 12,653 27,144 Total r¢sour¢¢s exp¢nd¢d 900,478 834,250 Net income 186,839 216,225 This page does not fonn part of the statutory financial statements Page 23