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2024-06-30-accounts

Social Accounts

Year Ended 30.06.2024 South Shields FC Foundation Limited Company No. 10257450 Registered Charity No. 1176894

The Five Ways to Wellbeing

Welcome

Welcome to our Annual Report and Social Accounts for the financial year ended 30 June 2024.

It's been a fantastic year for us, growing and expanding our activities and impact and approaching the £25million mark in social impact in this our seventh year of existence.

A special thank you to our Chairman Geoff Thompson, our Trustees, staff, sponsors and volunteers without whom we couldn't do what we do.

We'd also like to say a special thank you to our community partners, especially Sea View Primary, Hadrian Primary and Bamburgh SEN school who have remained with us from day one of our journey.

Steve Camm. Foundation Manager

What we do

Charitable Purpose - we work with others to create opportunities for people to engage in the following activities that support their mental health and wellbeing...

Be Active

Taking part in regular physical activity

Take Notice

Understanding what is going on around you

Make Friends

Interacting socially with others

Give Back

Doing something for others e.g. charitable giving or volunteering

Learn & Grow

Learning a new skill or getting involved in personal development and growth

Adapted from the NHS Five ways to Wellbeing

3

Business Model

We're a social enterprise...

Charitable Purpose

We have a charitable purpose (supporting mental health and wellbeing) that drives everything we do.

Trading Activities

We generate most of our income from sales rather than being grant dependent.

Reinvest

Profit

We reinvest all profit in our charitable purpose rather than distributing it to shareholders.

ThePhoto by PhotoAuthor is licensed under CCYYSA.

4

Governance

SSFCF 2017 Limited

The Foundation has a wholly owned Trading Company, SSFCF 2017 Limited (Number 12718209). It manages income from the bars and events at Harton & Westoe Miners Welfare. Profits from this company must be reinvested in the Foundation or the facilities at Harton & Westoe Miners Welfare.

South Shields FC Foundation Limited

South Shields FC Foundation Limited is a Charitable Company (Number 10257450) and a Registered Charity (Number 1176894).

Harton & Westoe Miners Welfare

The Foundation has a 25 year Partnership Agreement (established 2019) with Harton & Westoe Miners Welfare (Charity Number 520812) to operate the facility at Harton Welfare.

Trustees:

Trustees:

 Geoff Thompson Chairman South Shields FC

South Shields FC Foundation Manager

Chair Harton & Westoe Miners Welfare

Chairman South Shields FC

Chair Harton & Westoe Miners Welfare

Under the agreement the Foundation takes full management responsibility for the site on behalf of the Miners Welfare (which retains land ownership), including all the financial risk which is now vested in the Trading Company.

The Foundation pays a monthly licence fee to Harton & Westoe Miners Welfare.

5

South Shields FC Foundation Limited

Charity Number 1176894

Company Number 10257450

Registered Office: Mariners Park Shaftesbury Avenue South Shields NE32 3UP

Head Office:

Harton Welfare Low Lane

South Shields NE34 0NA

Public Benefit Statement

In carrying out its activities the Trustees have had regard to the Charity Commission's guidance on public benefit.

Financial Statements

Exemptions from disclosure: None

Funds held as a Custodian: None

The Unaudited Financial Statements (prepared separately) set out the expenditure and income against our main activities for the year.

6

Actual - 2021/22 Actual - 2022/23 Actual - 2023/24
~~Financial S~~
Donations		 ~~mmar~~
149,917		 168,321 62,563

Grants		 ~~y~~
27,178		 94,626 8,288
Sponsorships 4,800 4,146 5,328
Gifts in Kind 25,610 000
Income from Charitable Activities 42,912 34,274 103,600
Other Trading Activities 27,677 27,105 235,698
Gross Profit £ 252,484 £ 354,082 £ 415,477
Staff Costs 30,001 13,774 3,391
Licence Fee 40,230 80,801 113,991
Charitable Activities 165,057 244,963 226,687
Governance 16,821 11,929 15,472
Total Expenses £ 252,109 £ 351,467 £ 359,541
£ 375 £ 2,613 £ 55,936

South Shields FC Foundation

7

Main Activities

Rosiefest

July 2023

1600 attendees

Charity Football July/August 2023

Epinay Takeover 2 March 2024

8

Main Activities

Schools PSHE

Sep 2023 - July 2024

Schools Multi Sport June 2022 – July 2023

9

Main Activities cont.

Hybrid Academy July 2022 – June 2023

Grass Roots Football July 2022 – June 2023

28 teams in Grassroots Football Programme 336 players 55 volunteers

Be Active Learn & Grow Give Back

10

Main Activities cont.

Campaigns 2023/2024

National League Trust

11

Main Activities cont.

Community Activity Programmes

July 2023 – June 2024

flagship open community football
programme delivered each week
during term time by professional

act		 ivities ivities
coaching staff.
•
40		 Weeks x 1 Hour Activities
•
We also continued our specialist
programmes:Thinkers & Movers
(ages 3-5 years and parents);Mini
Mariners(progression for ages 5
+
+
+
+		 Goalkeeper
Thinkers & Movers
Mini Mariners
Mini Mariners (Girls)		 12 participants, 480 Contacts
16 participants, 640 contacts
15 participants, 600 contacts
12 participants, 480 contacts
and 6 into grass roots tgeams);
+		 Friday Night Football 66 participants, 2640 contacts
Goalkeeper(position specific
training).
+		 Little Mariners 14 participants, 560 contacts

Holiday Activities & Food August 2023 – July 2024

We became a supplier of Holiday • Activities for South Tyneside Council in August 2022. The Holiday Activities and Food programme is a response to the cost of living crisis to ensure that children who normally received free school meals have access to free food and healthy activities during school holidays.

85% of beneficiaries live in the 5% most deprived neighbourhoods nationally.

12

Main Activities cont.

Community Programmes continued...

Life Events

Community Groups

July 2022 – June 2023

Regular meetings of the Miners Banner Group and Westoe Band

Mental health and wellbeing is also positively impacted by making new friends and keeping in touch with old ones.

Regular meetings of a Women only fitness group.

Throughout the year we hosted 174 small events at Harton Welfare e.g. wakes, weddings, christenings. leavers parties, birthdays, kids birthdays and family fun days.

Twice weekly meetings of Slimming World

We also hosted 17 larger events including Rosiefest, Boxing, Charity Football and Family Fun days etc.

13

Wellbeing Valuation Summary – July 2023 to June 2024

Average
Per Person Value
New Unique
numbers in
2023/2024
Claimed Value
minus deadweight		 Average
Per Person Value
New Unique
numbers in
2023/2024
Claimed Value
minus deadweight		 Average
Per Person Value
New Unique
numbers in
2023/2024
Claimed Value
minus deadweight
Regular
Volunteering		 £2,357 5 £ 8.603 Grass Roots Football
Frequent Mild
Exercise		 £3,537 5880 £12,478,536 Schools Programme
Football £3,101 25 £. 46,489 Grass Roots football
and Hybrid Academy
Dance £3,052 60 £. 109,872 Schools Programme
Keep Fit £1,670 5 £ 5,010 Running Club, Funky
Fit
Member of a
social group		 £1,850 2 £ 2,220 Miners Banner
Group, Brass Band
Full Time
Employment		 £10,767 1 £ 6,460 Cleaner
Part Time
Employment		 £1,229 2 £ 1,474 Sessional Coaches
Employment
Training		 £807 55 £ 26,631 Epinay Takeover
£12,685,295

Since 2017 we've used a Wellbeing Valuation Approach to measure and record our social impact.

Wellbeing Valuation is in the Treasury’s Green Book, the UKs core guide to policy evaluation. The methodology was developed by Daniel Fujiwara (London School of Economics), Affinity Sutton, Catalyst Housing and the Housing Associations Charitable Trust. It works by isolating the particular factors that affect health and wellbeing e.g. playing a sport, getting a job or socialising with friends.

It then attributes an equivalent financial value to each of these factors. This is the amount of cash that would be needed to increase someone’s wellbeing by the same amount. e.g. playing a sport regularly over a two month period would have the same impact on health and wellbeing as being given £3,101.

It’s a one off calculation, so once a benefit has been calculated and attributed to a particular year the continuation of the activity doesn't keep adding to the total. We like this because, whilst we want to retain people in activities, to add to our impact we must constantly engage NEW people.

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Social Impact
Wellbeing Valuation Summary		 Social Impact
Wellbeing Valuation Summary		 Social Impact
Wellbeing Valuation Summary		 Social Impact
Wellbeing Valuation Summary		 15
Cumulative
ROI
£20 per £1
£8 per £1
£8 per £1
£13 per £1
£14 per £1
£17.5 per £1
£21 per £1
Social value
By Year
Cumulative
Spend
By Year
2017/18 £1,110,803 £ 1,110,803 £ 55,286 £20 per £1
2018/19 £2,229,585 £ 3,340,388 £ 353,561 £8 per £1
2019/20 £1,129,466 £ 4,469,854 £ 143,658 £8 per £1
2020/21 £5,693,334 £ 10,163,188 £ 238,076 £13 per £1
2021/22 £4,217,565 £ 14,380,753 £ 252,109 £14 per £1
2022/23 £10,562,416 £ 24,943,168 £ 384,467 £17.5 per £1
2023/24 £12,685,295 £37,628,463 £359,541 £21 per £1

Social Impact

Community Activity Programme Contacts

Number of children we work with each week in schools

Big Events 17 Small Events Volunteers 174 55

6,625 980

Partner Young People Partner Schools CPD completing Schools Events Employability

Projects 11 55 2 Funds Raised for Charitable Causes £13,500

Football Programmes: Players engaged in weekly activity 476

Pupil Contacts per year in most deprived neighbourhoods

38,850

Awareness +44 1239 876 554 Raising kalle@email.com Campaigns Social Impact since 2017 Holiday Activity Fund Contacts 3 £37,628,463 3050

sHIE£o ALWAYS READY 17

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Charity number: 1176894

Company number: 10257450

(England and Wales)

South Shields FC Foundation Limited

Report of the Trustees and Unaudited Financial Statements

For the period ended 29 June 2024

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South Shields FC Foundation Limited Contents Page For the period ended 29 June 2024

Report of the Trustees 1 to 3
Independent Examiner's Report to the Trustees 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14 to 15

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South Shields FC Foundation Limited Report of the Trustees

For the period ended 29 June 2024

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the period ended 29 June 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).

Chair's report

Statement of Trustees' responsibilities

. The Trustees are responsible for preparing the Trustees' report and the accounts in accordance with Charities Act 2011 and United Kingdom Generally Accepted Accounting Practice.

The Charities Act 2011 requires the Trustees to prepare accounts for each financial year which give a true and fair view of its financial activities during the year and of its financial position at the end of the year. In presenting those accounts, they are required to:

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act 2011 and with the requirements of the Statement of Recommended Practice Accounting and Reporting by Charities: statement of recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)

(effective 1 January 2015) - Charities SORP FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities besides the

above responsibilities.

This report was approved by the trustees on 18th July 2025

OBJECTIVES AND ACTIVITIES

South Shields FC Foundation is South Shields FC’s Club Community Organisation (CCO) as recognised by the National League North, which is part of the FA football pyramid. It is also a registered charity. It’s aim is to support the mental health and wellbeing of people living in South Tyneside and the surrounding area. Many parts South Tyneside and the wider North East of England sit in the worst 5% of communities as measured by National Indices of Multiple Deprivation.

Its activities are organised around the five contributing factors to mental health and wellbeing as recognised by the NHS. These are:

  1. Participating in healthy activities - we offer activities for people of all ages to participate in football, walking football, dance, boxing and fitness. A significant part of this is a Personal, Health , Social and Economic (PSHE) programme in schools connected to the National Curriculum;

  2. Giving Something Back - we offer around 70 volunteering opportunities for people some of which are connected to employment pathways with the Foundation and Football Club in coaching and stewarding. We also organise and host events that raise money for local charities;

  3. Learning a new Skill - we offer skills development and activities that encourage people to continue to learn, particularly those activities that support pathways to employment for those furthest away from employment.

  4. Taking Notice - we deliver a number of campaigns, some connected to Football League and Premier League campaigns, to raise awareness and understanding of important societal issues

  5. Making Friends - we deliver a number of activities that help people to stay connected, tackling social isolation

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

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South Shields FC Foundation Limited Report of the Trustees Continued

For the period ended 29 June 2024

ACHIEVEMENTS AND PERFORMANCE

These financial statements should be read alongside our Social Accounts for the financial year ended 29 June 2024. Those contain details of our activities and social impact within the community. Highlights include:

  1. A PSHE Programme in 11 local schools that engages over 1000 young people each week in activities connected to the National Curriculum including healthy activities, multi sports, literacy, numeracy and personal and social development.

  2. A Music Festival that raised £13,500 in ticket sales which was donated to local charity Cancer Connections

  3. An innovative employability project for 55 young people from Epinay School, a local school for children with Special Educational Needs. This project saw Year 11 students take responsibility for delivering retail. hospitality and horticulture activities at football sites in a project designed to raise their skills and confidence and support pathways to employment beyond Year 11.

  4. Our two main footballing programmes, a grass roots football club and a performance hybrid academy engaged more than 475 young people aged 6-17 in weekly activities supported by a group of 55 volunteers and Foundation coaching staff.

  5. Three campaigns including a presence at first team match days promoting awareness about Mental Health and Show Racism the Red Card,

  6. Open community participation programmes that had more than 7500 visits to participate in healthy activities in the year including a programme to ensure that those children who normally receive school meals can participate in healthy holiday activities that offer a healthy meal.

We use a Wellbeing Evaluation Methodology to assess the overall impact of our work. In 2023/2024 we achieved over £12million in social impact bringing our total impact since formation in 2017 to £37.6million. That represents a social return on investment of £21 for every £1 we spend.

FINANCIAL REVIEW

The Foundation returned a much improved profit in 2023/24 and we are optimistic that this trend will continue.

Factors that have impacted on the level of profitability in 2023/24 are:

  1. Depreciation on kit and equipment (£6,167) which was deprecated last year over a two year period. The amount of kit purchased in 2023/24 and beyond will be reduced as kit is now purchased independently by teams and therefore depreciation will be considerably less in next years accounts. If kit is purchased it will go through the profit and loss account, if this kit relates to grass root teams, the amounts are recharged through income.

  2. The Licence Fee payment in 2023/24 for the use of Harton Welfare increased significantly from circa £74k to circa £106k this is attributable to the rising energy costs during the year. It should be noted that we have been able to negociate a management fee between our charity and an associated trading arm of our charity which utilises Harton Welfare building and land. We have been able to put through a retrospective charge which incorporates some fees for 2022/2023, this has had a impact on inflating our profits in the 2023/2024 financial year.

  3. Additional incomes are predicted in 2024/25 from the current sales pipeline.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

South Shields FC Foundation is a charitable company with dual reporting to Companies House and the Charity Commission. Trustees and Directors are shared between the charity and the guarantee company.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity South Shields FC Foundation Limited Charity registration number 1176894 Company registration number 10257450 Principal address Mariners Park Shaftesbury Avenue South Shields Tyne and Wear NE323UP

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South Shields FC Foundation Limited Report of the Trustees Continued For the period ended 29 June 2024

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Independent examiner

Gary Crutwell Stephen David Taylor Martin Ronald Urwin Geoff Thompson Ernest Gibson Beach Accountants Limited Chartered Certified Accountants 10 Blue Sky Way Monkton Business Park South South Tyneside NE31 2EQ

Approved by the Board of Trustees and signed on its behalf by

............................................................................. 18 July 2025 Gary Crutwell

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South Shields FC Foundation Limited

Independent Examiners Report to the Trustees

For the period ended 29 June 2024

I report to the trustees on my examination of the accounts of the charitable company for the period ended 29 June 2024.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Beach Accountants Limited Chartered Certified Accountants 10 Blue Sky Way Monkton Business Park South South Tyneside NE31 2EQ

18 July 2025

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South Shields FC Foundation Limited

Statement of Financial Activities (including Income and Expenditure Account) For the period ended 29 June 2024

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activites
4
Other income
Total
Expenditure on:
Raising funds
5/6
Charitable activities
7
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
76,179
103,600
55,698
180,000
415,477
(117,382)
(242,159)
(359,541)
55,936
(63,522)
(7,586)		 2023
£
292,703
34,274
60,105
-
387,082
(94,575)
(289,892)
(384,467)
2,615
(66,137)
(63,522)

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10257450

Registered Number :

South Shields FC Foundation Limited Statement of Financial Position

As at 29 June 2024

Notes
Fixed assets
Tangible assets
13
Current assets
14
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Net assets
The funds of the charity
Unrestricted income funds
16
Total funds		 £
2024
2,586
2,586
64,907
597
65,504
(61,434)
4,070
6,656
(14,242)
(7,586)
(7,586)
(7,586)		 £
2023
7,199
7,199
44,288
1,014
45,302
(91,781)
(46,479)
(39,280)
(24,242)
(63,522)
(63,522)
(63,522)

For the period ended 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Gary Crutwell Trustee

18 July 2025

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South Shields FC Foundation Limited Notes to the Financial Statements

For the period ended 29 June 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

South Shields FC Foundation Limited meets the definition 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 note(s).

Going concern

The Trustees have assessed the financial viability of the Charity and have concluded that there is no reason why the Charity will not continue operating for at least 12 months following the year ending 29th June 2024 and 12 months following the approval of the financial statements. For this reason the financial accounts have been prepared on a going concern basis. It should be noted the the charity has the backing of 'South Shields Football Club 1888 LImited' which is in partnership with the charity.

Funds

Unrestricted funds are incoming resources receivable or generated for the furtherance of the objectives of the Charity without a specified purpose and are available as general funds. Resources expended which meet these criteria are charged to the funds, together with a fair allocation of staff and support costs. Restricted funds are used for the specific purposes laid down by the donor or sponsor. Resources expended which meet these criteria are charged to the funds.

Taxation

The Charity is exempt from taxation on its charitable activities, as it is a registered charity.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Debtors

Debtors are recognised at the settlement amount due after allowing for any discounts and as per the terms agreed. Prepayments are valued at the amounts prepaid for services and accrued income are valued at the amounts due per terms agreed and there is certainty of receipt.

Pensions

The Charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Income

Income is recognised in the period when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Income comprises of funds received from parent donations, grants, sponsors, school income, activities days, donations, events and finders fees for academy student.

The value of services provided by volunteers has not been included.

Expenditure

Expenditure incurred is recognised in the period once there is a legal constructive obligation to make a payment to a third party. It is probable that settlement will be required and the amount of the obligation can be measured reliably.

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South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

Other accounting policies

Cash at bank and in hand:

Cash at bank and cash in hand includes bank balance kept in current and deposit accounts.

Creditors and provisions:

Creditors and provisions 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 party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provision are normally recognised at their settlement amount after allowing for any discounts.

Critical accounting estimates and judgements:

There are no significant areas of judgement or key sources of estimation uncertainty arising from the preparation of accounts.

2. Income from donations and legacies

2024 2023
£ £
Unrestricted funds
Donations received 62,563 168,321
Grants received 8,288 94,626
Sponsorships received 5,328 4,146
Gifts in kind - 25,610
76,179 292,703
come from charitable activities
2024 2023
£ £
Unrestricted funds
Football camps and Activities
Income from charitable activities 103,600 34,274
come earned from other activities
2024 2023
£ £
Unrestricted funds
Fund raising events 22,698 27,105
Finders fees for academy students 33,000 33,000
55,698 60,105

3. Income from charitable activities

4. Income earned from other activities

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South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

5. Expenditure on generating donations and legacies

Unrestricted funds
Donations
Subscriptions
xpenditure on other trading activities
Unrestricted funds
Fund raising events
osts of charitable activities by fund type
Unrestricted funds
Grant Income
Fundraising
Support costs
nalysis of support costs
Governance costs
Accountancy fees
Premises costs
Motor and travel expenses
Other finance costs
Bank loan interest
Interest on overdue tax
Printing		 2024
£
1,257
2,134
3,391
2024
£
113,991
113,991
2024
£
2,597
224,090
15,472
242,159
2024
£
9,335
320
126
4
3,975
1,669
43
15,472		 2023
£
11,547
2,227
13,774
2023
£
80,801
80,801
2023
£
-
277,963
11,929
289,892
2023
£
3,668
1,164
1,913
854
2,981
920
429
11,929

6. Expenditure on other trading activities

7. Costs of charitable activities by fund type

8. Analysis of support costs

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South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

9. Net income/(expenditure) for the period

This is stated after charging/(crediting):
2024 2023
£ £
Depreciation of owned fixed assets 6,167 20,971
Accountancy fees 9,335 3,668

10. Staff costs and emoluments

Total staff costs for the period ended 29 June 2024 were:

Total staff costs for the period ended 29 June 2024 were:
2024 2023
£ £
Salaries and wages 830 11,171
830 11,171
2024 2023
Total staff 6 9
6 9

11. Trustee remuneration and related party transactions

There are no disclosable related party transactions with trustees in the 2023/2024 financial year.

12. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

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South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

13. Tangible fixed assets

Cost or valuation
At 01 July 2023
Additions
At 29 June 2024
Depreciation
At 01 July 2023
Charge for period
At 29 June 2024
Net book values
At 29 June 2024
At 30 June 2023		 Sports
equipment
and Kit
£
116,284
-
116,284
109,597
5,925
115,522
762
6,687		 Computer
Equipment
£
2,830
1,554
4,384
2,318
242
2,560
1,824
512		 Total
£
119,114
1,554
120,668
111,915
6,167
118,082
2,586
7,199

14. Debtors

Amounts due within one year:
Trade debtors
Prepayments and accrued income
Other debtors
Creditors: amounts falling due within one year
Loans and overdrafts
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
4,700
240
59,967
64,907
2024
£
10,000
10,196
35,502
5,736
61,434		 2023
£
21,215
240
22,833
44,288
2023
£
10,000
14,096
57,470
10,215
91,781

15. Creditors: amounts falling due within one year

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South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

16. Movement in funds

Unrestricted Funds
General
General
Unrestricted Funds - Previous year
General
General
Purpose of unrestricted Funds
General
To fund the general objectives of the charity.
Purpose of restricted funds
Sponsorship		 Balance at
01/07/2023
£
(63,522)
(63,522)
Balance at
01/07/2022
£
(66,137)
(66,137)		 Incoming
resources
£
415,477
415,477
Incoming
resources
£
387,082
387,082		 Outgoing
resources
£
(359,541)
(359,541)
Outgoing
resources
£
(384,467)
(384,467)		 Balance at
29/06/2024
£
(7,586)
(7,586)
Balance at
30/06/2023
£
(63,522)
(63,522)

To fund specific areas of the charities general objectives.

17. Analysis of net assets between funds

Unrestricted funds
General
General		 Tangible fixed
assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
2,586
4,070
(14,242)
(7,586)
2,586
4,070
(14,242)
(7,586)

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South Shields FC Foundation Limited

Notes to the Financial Statements Continued For the period ended 29 June 2024

Previous year

Unrestricted funds
General
General		 Tangible fixed
assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
7,199
(46,479)
(24,242)
(63,522)
7,199
(46,479)
(24,242)
(63,522)

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South Shields FC Foundation Limited Detailed Statement of Financial Activities

For the period ended 29 June 2024

INCOME AND ENDOWMENT
Donations and legacies
Donations
Grants receivable
Sponsorships
Gifts in kind
Charitable activities
Income from charitable activities (Football camps
and Activities)
Other trading activities
Fund raising events
Income from Finders fees for academy students
Other income
Management Fee
Total incoming resources
EXPENDITURE
Raising donations and legacies
Donations
Staff costs - wages & salaries
Training costs
Subscriptions
Other trading activities
Fund raising events
Harton welfare rent
Charitable activities
Cost of direct charitable activity (Grant Income)
Depreciation - owned assets (Fundraising)
League fines (Fundraising)
League fees (Fundraising)
Referee fees (Fundraising)
Venue hire (Fundraising)
Coaching fees (Fundraising)
Trophies (Fundraising)
Other direct costs (Fundraising)
Kit and small equipment costs (Fundraising)		 £
2024
62,563
8,288
5,328
-
76,179
103,600
103,600
22,698
33,000
55,698
180,000
180,000
415,477
(285)
(830)
(142)
(2,134)
(3,391)
(7,992)
(105,999)
(113,991)
(2,597)
(6,167)
(1,713)
(3,133)
(4,190)
(45,181)
(119,037)
-
(26,823)
(17,846)
(226,687)		 £
2023
168,321
94,626
4,146
25,610
292,703
34,274
34,274
27,105
33,000
60,105
-
-
387,082
(310)
(11,171)
(66)
(2,227)
(13,774)
(5,959)
(74,842)
(80,801)
-
(20,971)
(101)
(8,681)
(8,448)
(83,838)
(101,041)
(676)
(29,985)
(24,222)
(277,963)

SUPPORT COSTS

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South Shields FC Foundation Limited

Detailed Statement of Financial Activities Continued

For the period ended 29 June 2024

Governance costs

overnance costs
Insurance (Grant Income)
Accountancy fees (Administration costs)
Motor and travel expenses (Administration costs)
Professional fees (Administration costs)
Printing (Administration costs)
Premises costs (Administration costs)
Other finance costs (Administration costs)
Bank loan interest (Administration costs)
Interest on overdue tax (Administration costs)
al resources expended
Income		 (1,683)
(9,335)
(126)
-
(43)
(320)
(4)
(2,292)
(1,669)
(15,472)
(359,541)
55,936		 (1,600)
(3,668)
(1,913)
(68)
(429)
(1,164)
(854)
(1,313)
(920)
(11,929)
(384,467)
2,615

Total resources expended

Net Income

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Charity number: 1176894

Company number: 10257450

(England and Wales)

South Shields FC Foundation Limited

Report of the Trustees and Unaudited Financial Statements

For the period ended 29 June 2024

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South Shields FC Foundation Limited Contents Page For the period ended 29 June 2024

Report of the Trustees 1 to 3
Independent Examiner's Report to the Trustees 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14 to 15

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South Shields FC Foundation Limited Report of the Trustees

For the period ended 29 June 2024

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the period ended 29 June 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).

Chair's report

Statement of Trustees' responsibilities

. The Trustees are responsible for preparing the Trustees' report and the accounts in accordance with Charities Act 2011 and United Kingdom Generally Accepted Accounting Practice.

The Charities Act 2011 requires the Trustees to prepare accounts for each financial year which give a true and fair view of its financial activities during the year and of its financial position at the end of the year. In presenting those accounts, they are required to:

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act 2011 and with the requirements of the Statement of Recommended Practice Accounting and Reporting by Charities: statement of recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)

(effective 1 January 2015) - Charities SORP FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities besides the

above responsibilities.

This report was approved by the trustees on 18th July 2025

OBJECTIVES AND ACTIVITIES

South Shields FC Foundation is South Shields FC’s Club Community Organisation (CCO) as recognised by the National League North, which is part of the FA football pyramid. It is also a registered charity. It’s aim is to support the mental health and wellbeing of people living in South Tyneside and the surrounding area. Many parts South Tyneside and the wider North East of England sit in the worst 5% of communities as measured by National Indices of Multiple Deprivation.

Its activities are organised around the five contributing factors to mental health and wellbeing as recognised by the NHS. These are:

  1. Participating in healthy activities - we offer activities for people of all ages to participate in football, walking football, dance, boxing and fitness. A significant part of this is a Personal, Health , Social and Economic (PSHE) programme in schools connected to the National Curriculum;

  2. Giving Something Back - we offer around 70 volunteering opportunities for people some of which are connected to employment pathways with the Foundation and Football Club in coaching and stewarding. We also organise and host events that raise money for local charities;

  3. Learning a new Skill - we offer skills development and activities that encourage people to continue to learn, particularly those activities that support pathways to employment for those furthest away from employment.

  4. Taking Notice - we deliver a number of campaigns, some connected to Football League and Premier League campaigns, to raise awareness and understanding of important societal issues

  5. Making Friends - we deliver a number of activities that help people to stay connected, tackling social isolation

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

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South Shields FC Foundation Limited Report of the Trustees Continued

For the period ended 29 June 2024

ACHIEVEMENTS AND PERFORMANCE

These financial statements should be read alongside our Social Accounts for the financial year ended 29 June 2024. Those contain details of our activities and social impact within the community. Highlights include:

  1. A PSHE Programme in 11 local schools that engages over 1000 young people each week in activities connected to the National Curriculum including healthy activities, multi sports, literacy, numeracy and personal and social development.

  2. A Music Festival that raised £13,500 in ticket sales which was donated to local charity Cancer Connections

  3. An innovative employability project for 55 young people from Epinay School, a local school for children with Special Educational Needs. This project saw Year 11 students take responsibility for delivering retail. hospitality and horticulture activities at football sites in a project designed to raise their skills and confidence and support pathways to employment beyond Year 11.

  4. Our two main footballing programmes, a grass roots football club and a performance hybrid academy engaged more than 475 young people aged 6-17 in weekly activities supported by a group of 55 volunteers and Foundation coaching staff.

  5. Three campaigns including a presence at first team match days promoting awareness about Mental Health and Show Racism the Red Card,

  6. Open community participation programmes that had more than 7500 visits to participate in healthy activities in the year including a programme to ensure that those children who normally receive school meals can participate in healthy holiday activities that offer a healthy meal.

We use a Wellbeing Evaluation Methodology to assess the overall impact of our work. In 2023/2024 we achieved over £12million in social impact bringing our total impact since formation in 2017 to £37.6million. That represents a social return on investment of £21 for every £1 we spend.

FINANCIAL REVIEW

The Foundation returned a much improved profit in 2023/24 and we are optimistic that this trend will continue.

Factors that have impacted on the level of profitability in 2023/24 are:

  1. Depreciation on kit and equipment (£6,167) which was deprecated last year over a two year period. The amount of kit purchased in 2023/24 and beyond will be reduced as kit is now purchased independently by teams and therefore depreciation will be considerably less in next years accounts. If kit is purchased it will go through the profit and loss account, if this kit relates to grass root teams, the amounts are recharged through income.

  2. The Licence Fee payment in 2023/24 for the use of Harton Welfare increased significantly from circa £74k to circa £106k this is attributable to the rising energy costs during the year. It should be noted that we have been able to negociate a management fee between our charity and an associated trading arm of our charity which utilises Harton Welfare building and land. We have been able to put through a retrospective charge which incorporates some fees for 2022/2023, this has had a impact on inflating our profits in the 2023/2024 financial year.

  3. Additional incomes are predicted in 2024/25 from the current sales pipeline.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

South Shields FC Foundation is a charitable company with dual reporting to Companies House and the Charity Commission. Trustees and Directors are shared between the charity and the guarantee company.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity South Shields FC Foundation Limited Charity registration number 1176894 Company registration number 10257450 Principal address Mariners Park Shaftesbury Avenue South Shields Tyne and Wear NE323UP

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South Shields FC Foundation Limited Report of the Trustees Continued For the period ended 29 June 2024

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Independent examiner

Gary Crutwell Stephen David Taylor Martin Ronald Urwin Geoff Thompson Ernest Gibson Beach Accountants Limited Chartered Certified Accountants 10 Blue Sky Way Monkton Business Park South South Tyneside NE31 2EQ

Approved by the Board of Trustees and signed on its behalf by

............................................................................. 18 July 2025 Gary Crutwell

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South Shields FC Foundation Limited

Independent Examiners Report to the Trustees

For the period ended 29 June 2024

I report to the trustees on my examination of the accounts of the charitable company for the period ended 29 June 2024.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Beach Accountants Limited Chartered Certified Accountants 10 Blue Sky Way Monkton Business Park South South Tyneside NE31 2EQ

18 July 2025

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South Shields FC Foundation Limited

Statement of Financial Activities (including Income and Expenditure Account) For the period ended 29 June 2024

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activites
4
Other income
Total
Expenditure on:
Raising funds
5/6
Charitable activities
7
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
76,179
103,600
55,698
180,000
415,477
(117,382)
(242,159)
(359,541)
55,936
(63,522)
(7,586)		 2023
£
292,703
34,274
60,105
-
387,082
(94,575)
(289,892)
(384,467)
2,615
(66,137)
(63,522)

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10257450

Registered Number :

South Shields FC Foundation Limited Statement of Financial Position

As at 29 June 2024

Notes
Fixed assets
Tangible assets
13
Current assets
14
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Net assets
The funds of the charity
Unrestricted income funds
16
Total funds		 £
2024
2,586
2,586
64,907
597
65,504
(61,434)
4,070
6,656
(14,242)
(7,586)
(7,586)
(7,586)		 £
2023
7,199
7,199
44,288
1,014
45,302
(91,781)
(46,479)
(39,280)
(24,242)
(63,522)
(63,522)
(63,522)

For the period ended 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Gary Crutwell Trustee

18 July 2025

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South Shields FC Foundation Limited Notes to the Financial Statements

For the period ended 29 June 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

South Shields FC Foundation Limited meets the definition 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 note(s).

Going concern

The Trustees have assessed the financial viability of the Charity and have concluded that there is no reason why the Charity will not continue operating for at least 12 months following the year ending 29th June 2024 and 12 months following the approval of the financial statements. For this reason the financial accounts have been prepared on a going concern basis. It should be noted the the charity has the backing of 'South Shields Football Club 1888 LImited' which is in partnership with the charity.

Funds

Unrestricted funds are incoming resources receivable or generated for the furtherance of the objectives of the Charity without a specified purpose and are available as general funds. Resources expended which meet these criteria are charged to the funds, together with a fair allocation of staff and support costs. Restricted funds are used for the specific purposes laid down by the donor or sponsor. Resources expended which meet these criteria are charged to the funds.

Taxation

The Charity is exempt from taxation on its charitable activities, as it is a registered charity.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Debtors

Debtors are recognised at the settlement amount due after allowing for any discounts and as per the terms agreed. Prepayments are valued at the amounts prepaid for services and accrued income are valued at the amounts due per terms agreed and there is certainty of receipt.

Pensions

The Charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Income

Income is recognised in the period when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Income comprises of funds received from parent donations, grants, sponsors, school income, activities days, donations, events and finders fees for academy student.

The value of services provided by volunteers has not been included.

Expenditure

Expenditure incurred is recognised in the period once there is a legal constructive obligation to make a payment to a third party. It is probable that settlement will be required and the amount of the obligation can be measured reliably.

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South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

Other accounting policies

Cash at bank and in hand:

Cash at bank and cash in hand includes bank balance kept in current and deposit accounts.

Creditors and provisions:

Creditors and provisions 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 party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provision are normally recognised at their settlement amount after allowing for any discounts.

Critical accounting estimates and judgements:

There are no significant areas of judgement or key sources of estimation uncertainty arising from the preparation of accounts.

2. Income from donations and legacies

2024 2023
£ £
Unrestricted funds
Donations received 62,563 168,321
Grants received 8,288 94,626
Sponsorships received 5,328 4,146
Gifts in kind - 25,610
76,179 292,703
come from charitable activities
2024 2023
£ £
Unrestricted funds
Football camps and Activities
Income from charitable activities 103,600 34,274
come earned from other activities
2024 2023
£ £
Unrestricted funds
Fund raising events 22,698 27,105
Finders fees for academy students 33,000 33,000
55,698 60,105

3. Income from charitable activities

4. Income earned from other activities

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South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

5. Expenditure on generating donations and legacies

Unrestricted funds
Donations
Subscriptions
xpenditure on other trading activities
Unrestricted funds
Fund raising events
osts of charitable activities by fund type
Unrestricted funds
Grant Income
Fundraising
Support costs
nalysis of support costs
Governance costs
Accountancy fees
Premises costs
Motor and travel expenses
Other finance costs
Bank loan interest
Interest on overdue tax
Printing		 2024
£
1,257
2,134
3,391
2024
£
113,991
113,991
2024
£
2,597
224,090
15,472
242,159
2024
£
9,335
320
126
4
3,975
1,669
43
15,472		 2023
£
11,547
2,227
13,774
2023
£
80,801
80,801
2023
£
-
277,963
11,929
289,892
2023
£
3,668
1,164
1,913
854
2,981
920
429
11,929

6. Expenditure on other trading activities

7. Costs of charitable activities by fund type

8. Analysis of support costs

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South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

9. Net income/(expenditure) for the period

This is stated after charging/(crediting):
2024 2023
£ £
Depreciation of owned fixed assets 6,167 20,971
Accountancy fees 9,335 3,668

10. Staff costs and emoluments

Total staff costs for the period ended 29 June 2024 were:

Total staff costs for the period ended 29 June 2024 were:
2024 2023
£ £
Salaries and wages 830 11,171
830 11,171
2024 2023
Total staff 6 9
6 9

11. Trustee remuneration and related party transactions

There are no disclosable related party transactions with trustees in the 2023/2024 financial year.

12. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

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Docusign Envelope ID: CAD098A8-704E-4E0A-AFD2-5664A5C0EB49Docusign Envelope ID: 25A6AE4B-67B9-4BD5-B73F-A015DA86149F

South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

13. Tangible fixed assets

Cost or valuation
At 01 July 2023
Additions
At 29 June 2024
Depreciation
At 01 July 2023
Charge for period
At 29 June 2024
Net book values
At 29 June 2024
At 30 June 2023		 Sports
equipment
and Kit
£
116,284
-
116,284
109,597
5,925
115,522
762
6,687		 Computer
Equipment
£
2,830
1,554
4,384
2,318
242
2,560
1,824
512		 Total
£
119,114
1,554
120,668
111,915
6,167
118,082
2,586
7,199

14. Debtors

Amounts due within one year:
Trade debtors
Prepayments and accrued income
Other debtors
Creditors: amounts falling due within one year
Loans and overdrafts
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
4,700
240
59,967
64,907
2024
£
10,000
10,196
35,502
5,736
61,434		 2023
£
21,215
240
22,833
44,288
2023
£
10,000
14,096
57,470
10,215
91,781

15. Creditors: amounts falling due within one year

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Docusign Envelope ID: CAD098A8-704E-4E0A-AFD2-5664A5C0EB49Docusign Envelope ID: 25A6AE4B-67B9-4BD5-B73F-A015DA86149F

South Shields FC Foundation Limited

Notes to the Financial Statements Continued

For the period ended 29 June 2024

16. Movement in funds

Unrestricted Funds
General
General
Unrestricted Funds - Previous year
General
General
Purpose of unrestricted Funds
General
To fund the general objectives of the charity.
Purpose of restricted funds
Sponsorship		 Balance at
01/07/2023
£
(63,522)
(63,522)
Balance at
01/07/2022
£
(66,137)
(66,137)		 Incoming
resources
£
415,477
415,477
Incoming
resources
£
387,082
387,082		 Outgoing
resources
£
(359,541)
(359,541)
Outgoing
resources
£
(384,467)
(384,467)		 Balance at
29/06/2024
£
(7,586)
(7,586)
Balance at
30/06/2023
£
(63,522)
(63,522)

To fund specific areas of the charities general objectives.

17. Analysis of net assets between funds

Unrestricted funds
General
General		 Tangible fixed
assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
2,586
4,070
(14,242)
(7,586)
2,586
4,070
(14,242)
(7,586)

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Docusign Envelope ID: CAD098A8-704E-4E0A-AFD2-5664A5C0EB49Docusign Envelope ID: 25A6AE4B-67B9-4BD5-B73F-A015DA86149F

South Shields FC Foundation Limited

Notes to the Financial Statements Continued For the period ended 29 June 2024

Previous year

Unrestricted funds
General
General		 Tangible fixed
assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
7,199
(46,479)
(24,242)
(63,522)
7,199
(46,479)
(24,242)
(63,522)

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Docusign Envelope ID: CAD098A8-704E-4E0A-AFD2-5664A5C0EB49Docusign Envelope ID: 25A6AE4B-67B9-4BD5-B73F-A015DA86149F

South Shields FC Foundation Limited Detailed Statement of Financial Activities

For the period ended 29 June 2024

INCOME AND ENDOWMENT
Donations and legacies
Donations
Grants receivable
Sponsorships
Gifts in kind
Charitable activities
Income from charitable activities (Football camps
and Activities)
Other trading activities
Fund raising events
Income from Finders fees for academy students
Other income
Management Fee
Total incoming resources
EXPENDITURE
Raising donations and legacies
Donations
Staff costs - wages & salaries
Training costs
Subscriptions
Other trading activities
Fund raising events
Harton welfare rent
Charitable activities
Cost of direct charitable activity (Grant Income)
Depreciation - owned assets (Fundraising)
League fines (Fundraising)
League fees (Fundraising)
Referee fees (Fundraising)
Venue hire (Fundraising)
Coaching fees (Fundraising)
Trophies (Fundraising)
Other direct costs (Fundraising)
Kit and small equipment costs (Fundraising)		 £
2024
62,563
8,288
5,328
-
76,179
103,600
103,600
22,698
33,000
55,698
180,000
180,000
415,477
(285)
(830)
(142)
(2,134)
(3,391)
(7,992)
(105,999)
(113,991)
(2,597)
(6,167)
(1,713)
(3,133)
(4,190)
(45,181)
(119,037)
-
(26,823)
(17,846)
(226,687)		 £
2023
168,321
94,626
4,146
25,610
292,703
34,274
34,274
27,105
33,000
60,105
-
-
387,082
(310)
(11,171)
(66)
(2,227)
(13,774)
(5,959)
(74,842)
(80,801)
-
(20,971)
(101)
(8,681)
(8,448)
(83,838)
(101,041)
(676)
(29,985)
(24,222)
(277,963)

SUPPORT COSTS

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This page does not form part of the statutory financial statements

Docusign Envelope ID: CAD098A8-704E-4E0A-AFD2-5664A5C0EB49Docusign Envelope ID: 25A6AE4B-67B9-4BD5-B73F-A015DA86149F

South Shields FC Foundation Limited

Detailed Statement of Financial Activities Continued

For the period ended 29 June 2024

Governance costs

overnance costs
Insurance (Grant Income)
Accountancy fees (Administration costs)
Motor and travel expenses (Administration costs)
Professional fees (Administration costs)
Printing (Administration costs)
Premises costs (Administration costs)
Other finance costs (Administration costs)
Bank loan interest (Administration costs)
Interest on overdue tax (Administration costs)
al resources expended
Income		 (1,683)
(9,335)
(126)
-
(43)
(320)
(4)
(2,292)
(1,669)
(15,472)
(359,541)
55,936		 (1,600)
(3,668)
(1,913)
(68)
(429)
(1,164)
(854)
(1,313)
(920)
(11,929)
(384,467)
2,615

Total resources expended

Net Income

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This page does not form part of the statutory financial statements