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.
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## **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
- Steve Camm
South Shields FC Foundation Manager
- Ernest Gibson
Chair Harton & Westoe Miners Welfare
- Geoff Thompson
Chairman South Shields FC
- Gary Crutwell
- Ernest Gibson
Chair Harton & Westoe Miners Welfare
- Stephen Taylor
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.
- Martin Urwin
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
- Rosiefest is a music festival showcasing local bands with the purpose of bringing people together to raise funds for local charities.
- The main beneficiary was Cancer Connections, a South Shields based charity.
- **Outputs:**
1600 attendees
- £13,500 raised for local charities
- **Social Impact Areas:** Make Friends, Give Back
Charity Football July/August 2023
- Four charity football games were held this year in remembrance iand to raise funds for charities including testicular cancer and Children's Heart Foundation
- **Outputs:**
- 3 charity football matches
- £5.000 raised for local charities
- **Social Impact Areas:** Give Back, Take Notice
## Epinay Takeover 2 March 2024
- This employability project saw students take over running parts of the club including hospitality, groundskeeping. retail shop and first team training in the run up to a first team match day.
- We are delighted that two graduates from Takeover 1 found part time employment with the Football Club
- **Outputs:**
- 55 year 11 students (life skills, horticulture, sports and hospitality)
- 2 Part Time jobs created
- **Social Impact Areas:** Learn & Grow
8
## **Main Activities**
## Schools PSHE
Sep 2023 - July 2024
- We delivered Physical, Social, Health and Economic programmes in Early Years Settings that connected to the National Curriculum:
- **Monkey Movements** – focusing on key motor controls and fundamental movement through structured play.
- **Polly Phonics** – a literacy programme delivered in a PE lesson.
- **Matey's Maths** – a numeracy programme embedded into a PE lesson.
- **CPD** – programmes for school teachers, teaching assistants and PE leads.
Schools Multi Sport June 2022 – July 2023
- We also delivered a number of programmes supporting a multi-sport curriculum and extra-curricular activities:
- **Multi-Sport KS1 and KS2** – These programmes use a variety of games designed to develop physical literacy and personal development and growth.
- **Dance** – enriched curriculum activities culminating with an in school performance.
- **Extra-Curricular** - a range of multisport programmes offering participation in physical activities at lunch time and after school.
- **Outputs:**
- 11 Early Years Schools and Nurseries 1 SEN School
- 38,850 pupil contacts living in areas defined as having income levels with the lowest 5% nationally
- 11 different sports
- 2 CPD Events
- 980 unique participants per week 38,850 annual contacts
- **Social Impact Areas:**
- Be Active, Learn & Grow
9
## **Main Activities cont.**
Hybrid Academy July 2022 – June 2023
- SSFC Foundation Hybrid Academy combines our in school development experience with a performance footballing pathway. It aims to bridge the gap between the best of grassroots football and the categorised academies of the EFL and Premier League.
- Participants receive professional coaching, strength and conditioning and participate in a local league to which a number of stretch games are added with pro clubs.
Grass Roots Football July 2022 – June 2023
- 28 boys and girls grass roots football teams from age 7 to 17 delivered by a committed group of 70 volunteers.
- Teams train once per week and participate in local football leagues.
- We achieved FA Accreditation.
- **Outputs:**
- 140 players in Hybrid Academy 2 new part time jobs created
28 teams in Grassroots Football Programme 336 players 55 volunteers
- **Social Impact Areas** :
Be Active Learn & Grow Give Back
10
## **Main Activities cont.**
Campaigns 2023/2024
- Across the year the Foundation supported a number of national campaigns and initiatives designed to raise awareness about important societal issues.
- These included Show Racism the Red Card, If You Care Share (Mental Health) and a campaign to support Hospitality & Hope (a local food bank)
- **Outputs:**
- **6** Matchday events
- **Social Impact Areas:** Take Notice
## National League Trust
- We delivered two projects supported by £11,663 from the National League Trust.
- **Employability (IT Skills)**
- We engaged 214 children from 4 schools in a project designed to learn IT problem solving and coding using SPHERO robots.
- **Matchday Experience**
- 175 children participating in a Match Day Experience each promoting learning or engagement in an activity.
- **Outputs:** 389 Children engaged 6 different schools 1280 learning hours
11
## **Main Activities cont.**
## Community Activity Programmes
## July 2023 – June 2024
- **Outputs:**
- **297 New unique children participating in healthy activities**
- **Friday Night Football** remained our flagship open community football programme delivered each week during term time by professional coaching staff.
|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.
- **50 Days x 4 Hour camps**
- + **331 participants, 1225 contacts**
- **Social Impact Areas** : Be Active
- **Outputs:** 25 Days of activity 3050 contacts
- **Social Impact Areas:** Be Active
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## **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.
- **Outputs:** 174 small events 8740 contacts
- **Social Impact Areas:** Make Friends
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## 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
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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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP FRS 102;
- make judgements and estimates that are reasonable and prudent;
- follow applicable UK accounting standards and the Charities SORP FRS 102, disclosing and explaining any departures in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to do so.
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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section
- 476,
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records
- and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP FRS 102;
- make judgements and estimates that are reasonable and prudent;
- follow applicable UK accounting standards and the Charities SORP FRS 102, disclosing and explaining any departures in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to do so.
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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Docusign Envelope ID: CAD098A8-704E-4E0A-AFD2-5664A5C0EB49Docusign Envelope ID: 25A6AE4B-67B9-4BD5-B73F-A015DA86149F
## 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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Docusign Envelope ID: CAD098A8-704E-4E0A-AFD2-5664A5C0EB49Docusign Envelope ID: 25A6AE4B-67B9-4BD5-B73F-A015DA86149F
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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section
- 476,
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records
- and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
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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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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