**THE STREET SOCCER FOUNDATION (A Charitable Incorporated Organisation)**
**TRUSTEES’ REPORT AND FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 MARCH 2022**
**Charity No: 1189558**
**THE STREET SOCCER FOUNDATION**
## **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS**
|**CONTENTS**||
|---|---|
||**Page**|
|**Trustees’ Report**|**2 – 6**|
|**Report of the Independent Examiner**|**7**|
|**Statement of Financial Activities**|**8**|
|**Balance Sheet**|**9**|
|**Notes to the Financial statements**|**10 – 17**|
**1**
## **THE STREET SOCCER FOUNDATION**
## **TRUSTEES’ REPORT**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
The trustees present their annual report and financial statements of the charity for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s Trust Deed, the Charities Act 2011 and 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 (effective from 1[st] January 2019).
## **OBJECTIVES AND ACTIVITIES**
The Street Soccer Foundation is an award-winning sport-for-change (football-led) charity operating nationwide throughout England running personal development programmes (the Street Soccer Academy) as well as Alternative Education Provision (AEP) in partnership with Schools – with services most typically fusing football coaching, mindset training, and mentoring support, to help improve the lives of vulnerable and homeless young people across the country, and disadvantaged children across Kent & Medway.
The purpose of the charity as set out by the Trust Deed, is to act as a resource for young people by providing advice and assistance and organising programmes of physical, educational and other activities as a means of a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; b) advancing education; c) relieving unemployment; d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
The charity furthers its charitable purposes for the public benefit through the award of grants and donations to various organisations, to support its charitable purposes or charitable institutions in the United Kingdom or elsewhere. The charity is particularly active in supporting education and sport, particularly football.
## **ACHIEVEMENTS AND PERFORMANCE**
During the year the charity made grant payments totalling £14,130. The grants were paid to four Club Community Organisations (CCOs) involved in the provision of football and coaching education as a way to engage and help support vulnerable and homeless young people. The four organisations were the Leicester City FC Community Trust, the West Ham United Foundation, the Liverpool FC Foundation, and the Millwall FC Community Trust. The grant level for each payment made was approved by the trustees based on current year income in order not to deplete capital reserves.
## **Grant making policy**
Grants are awarded after the submission of applications to the charity. Applications are assessed by the administrator to judge if they fall within the charity’s objectives and the trustees review applications which meet their requirements in terms of the benefit given.
## **Volunteers**
The charity is open to involving volunteers from a wide range of backgrounds and abilities and commits the necessary resources to identify and recruit such volunteers as needed to support the delivery function of the charity. In this relation the charity sets out the necessary skills, attitude, experience and availability needed to carry out the role and as a charity, fully adheres to the Investing in Volunteers practice: the UK quality standard for good practice in volunteer management. Typically utilised to support on fundraising events during the year, the charity has received the valued support of a pool of volunteers. Some volunteers have progressed onto becoming paid sessional workers for the charity, most often in a mentoring capacity to support service beneficiaries. All paid mentors are qualified since the charity has paid for mentors to be Mental Health First Aid qualified.
## **Public benefit statement**
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance “public benefit: running a charity” (PD2). The achievements and activities above demonstrate the public benefit arising through the charity’s activities.
**2**
## **THE STREET SOCCER FOUNDATION**
## **TRUSTEES’ REPORT (Cont/d)**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **FINANCIAL REVIEW**
The Statement of Financial Activities showed an overall deficit of £4,529 (2021 – net surplus £16,496) for the year. The financial position at the end of the period revealed by the Balance Sheet shows net current assets or working capital of £10,761 (2021 - £16,147) and net fixed assets of £1,206 (2021 - £349). Total reserves stand at £11,967 (2021 - £16,496) which represent unrestricted funds. All the charity’s assets are held for the furtherance of the charity’s objectives and are adequate and sufficient to meet the charity’s obligations.
There have been no significant changes in the way the charity has operated or its policy for carrying out its objects.
## **Reserves policy**
The trustees consider it prudent to maintain an adequate level of unrestricted reserves to cover the charity’s contractual commitments and provide sufficient working capital and have set this at minimum of three months expenditure.
As at the balance sheet date, accounts showed reserves of £11,967 (2021 - £16,496), of which £7,575 (2021 - Nil) were restricted. The unrestricted funds not designated or invested in tangible fixed assets held by the charity are £3,186 (2021 - £16,147). The current level of funding is adequate to support the continuation of the charity in the medium term.
There has been an ever-increasing demand for services post-pandemic and the charity has sought to utilise available funds including its ‘opportunity reserves’ to create and build out new partnership opportunities to serve more communities nationally across the country. Although the level of reserves has dropped slightly, it is the policy of the trustees to maintain at least three months’ reserves so that income may be used to fulfil the charity objectives and furthermore finance the award of grants to support our social impact ambition across the country.
In this relation, the charity is taking immediate steps to replenish the reserve levels following the annual activities this year by building out new and additional income streams through the creation of new service projects across the charity whereupon more funds can be raised by diversifying funding streams. The priority for much of this past year has been to spend on charitable purposes to meet the demand made upon the charity, whilst expanding both the team and the charity’s service provision.
With the measures being put in place the expectation is to achieve required replenished reserve levels in the immediate short term.
## **Risk Management**
The trustees have a risk management strategy which comprises:
- An annual review of the risks the charity may face;
- The establishment of systems and procedures to mitigate those risks identified in the plan;
- Implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
Any operational risk from ineffective grant awards is mitigated by the trustees paying close attention to the public benefit to be derived from their funding of applications.
## **FUTURE PLANS AND DEVELOPMENTS**
The trustees envisage that the charity will continue to operate on the same basis as this year and prior years.
**3**
**THE STREET SOCCER FOUNDATION**
## **TRUSTEES’ REPORT (Cont/d)**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a charitable incorporated organisation (CIO), first initially established on 17[th] August 2016 as a community interest company (CIC) and registered as a charity with the Charity Commission in May 2020 with registration number 1189558. The organisation is governed by the Trust Deed which sets out the objects and powers of the charity and governs the actions of the trustees.
## **Recruitment and Appointment of Trustees**
The Trust Deed permits the Board of Trustees to appoint additional trustees as it considers fit to do so.
## **Trustee induction and training**
The trustees maintain a good working knowledge of charity law and best practice.
## **Organisational Structure**
The Board of Trustees comprises three members who are in contact with each other whenever necessary to review the affairs of the charity. To facilitate activities the Board have delegated authority for operational matters to an administrator serving as Chief Executive Officer. All decisions relating to financial strategy and policy are made by the Board of Trustees.
## **Related Parties**
The chair of trustees is remunerated for services that he provides to the charity. The job description and remuneration are agreed by independent trustees. The charity's governing document permits such payment to trustees.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Charity Number:** 1189558 **Registered Office:** 93 Tabernacle Street, London EC2A 4BA **Trustees:** The trustees and officers serving during the year were as follows: Mr Timothy Wilson Mr Laurence Hayes Mr Keith Chaplin-Mabbutt (Chair) **Chief Executive Officer:** Mr Keith Chaplin-Mabbutt **Independent Examiner:** D Terry, Ramon Lee Ltd, 93 Tabernacle Street, London EC2A 4BA **Bankers:** Barclays Bank PLC **Solicitors:** Gullands LLP
**4**
**THE STREET SOCCER FOUNDATION**
## **TRUSTEES’ REPORT (Cont/d)**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS**
The charity trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. 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.
The trustees are responsible for the maintenance and integrity of the charity and the financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
This report was approved by the trustees on 31 January 2023 and signed on their behalf.
**………………………………………………………….**
**Keith Chaplin-Mabbutt (Chair)**
**5**
**REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF**
## **THE STREET SOCCER FOUNDATION**
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2022.
This report is made solely to the charity’s trustees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my Independent Examination, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the charity's trustees, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the financial statements did not accord with the accounting records; or
- the financial statements did not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
**D TERRY – Chartered Accountant RAMON LEE LTD 93 TABERNACLE STREET LONDON EC2A 4BA**
- **31 January 2023**
**6**
## **THE STREET SOCCER FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **SUMMARY INCOME AND EXPENDITURE ACCOUNT**
|**Income**
Donations
Income from charitable activities
Income from Trading activities
**Total income**
**Expenditure**
Cost of raising funds
Charitable activities
**Total expenditure**
**Net income/( expenditure) and net**
**movement in funds for the year**
_Reconciliation of funds_
Total funds, brought forward
**Total funds, carried forward**|**Notes**|**Unrestricted**
**Funds**
**£**
15,094
-
32,512
**47,606**
8,307
51,403
**59,710**
(12,104)
16,496
4,392|**Restricted**
**Funds**
**£**
-
136,750
-
**136,750**
-
129,175
**129,175**
7,575
-
7,575|**Total**
**2022**
**£**
15,094
136,750
32,512
**184,356**
8,307
180,578
**188,885**
(4,529)
16,496
11,967|**Total**
**2021**
**£**
47,735
69,315
26,500|
|---|---|---|---|---|---|
||2
3
4
5
5|||||
||||||**143,550**|
||||||3,250
123,804|
||||||**127,054**|
||||||16,496
-|
||||||16,496|
## **CONTINUING OPERATIONS**
None of the Charity’s activities were discontinued during the above financial periods.
## **TOTAL RECOGNISED GAINS AND LOSSES**
The charity has no recognised gains or losses other than the above movement in funds for the above financial periods.
The notes on pages 9 to 17 form part of these financial statements
**7**
## **THE STREET SOCCER FOUNDATION**
## **BALANCE SHEET AS AT 31 MARCH 2022**
|**Fixed assets**
Tangible fixed assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
**Liabilities**
Creditors falling due within one year
11
**Net current assets**
**Net assets**
**The funds of the charity:**
Unrestricted funds
12
Restricted funds
12
**Total charity funds**
**Notes**|**£**
**£**
**£**
**£**
1,206
349
7,575
4,237
4,686
13,326
12,261
17,563
(1,500)
(1,416)
10,761
16,147
**11,967 **
**16,496**
4,392
16,496
7,575
-
**11,967 **
**16,496**
**2022**
**2021**|**£**
**£**
**£**
**£**
1,206
349
7,575
4,237
4,686
13,326
12,261
17,563
(1,500)
(1,416)
10,761
16,147
**11,967 **
**16,496**
4,392
16,496
7,575
-
**11,967 **
**16,496**
**2022**
**2021**|
|---|---|---|
||12,261
(1,500)||
||||
|||**16,496**|
|||16,496
-|
|||**16,496**|
Approved by the Trustees on 31 January 2023 and were signed on its behalf by:
**………………………………………………………………... KEITH CHAPLIN-MABBUTT (Chair)**
The notes on pages 9 to 17 form part of these financial statements
**8**
## **THE STREET SOCCER FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations, but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial statements.
## **1.2 Preparation of financial statements on a going concern basis**
The Charity’s Financial Statements show net deficit of £4,529 (2021- net surplus £16,496) for the year and free reserves of £3,186 (2021- £16,147).
Year End was at 31 March 2022. In the lead up to such, the charity leadership had secured two separate public sector contracts, one with Kent County Council and the other with Medway Council. In just the first operational month to follow YE (31/03/22), the charity Foundation received £43,260 in total. By 14 April 2022 the charity was in credit by £36,427.29. Then within the next couple of weeks following, the charity received an additional £10,075 via the local Government contracts – for service provision successfully delivered.
These balances more than cover at least 3 months expenditure. And at the same time, the charity has zero liabilities. With these Local Government contracts in place for the next twelve months and additional income streams being pursued the Trustees are entirely satisfied that the charity continues as a going concern as it continually expands its service provision to meet the growing needs of service users.
## **1.3 Income**
All income is included in the statement of financial activities when the Charity is legally entitled to it, receipt is probable and the amount can be measured with sufficient reliability.
## **Grant income**
Grants are credited to the statement of financial activities when the Charity is entitled to the funds. Income is only deferred where there are time constraints imposed by the donor or if the funding is performance related. Where entitlement to grants receivable is dependent upon fulfilment of conditions within the charity’s control, the income is recognised when there is sufficient evidence that conditions will be met.
Grants supporting the core activities of the Charity and with no specific restrictions placed upon their use are included within donations and legacies. Grants that have specific restrictions placed upon their use are included within income from charitable activities.
Capital grants for the purchase of fixed assets are credited to restricted incoming resources on the earlier date of when they are received or receivable. Depreciation on the related fixed assets is charged against the restricted fund.
## **Donations and legacies**
Donations are recognised in the period in which they are received. Legacy income is recognised when the charity’s entitlement is judged to be probable and where the amount can be reliably measured.
**9**
## **THE STREET SOCCER FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **Contract income**
Income from charitable activities include income recognised as earned (as the related goods and services are provided) under contract.
## **Investment income**
Investment income is included when receivable.
## **1.4 Volunteers and donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refers to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. No such donations were received during the year.
## **1.5 Expenditure recognition and irrecoverable VAT**
Expenditure is recognised once there is a legal or 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.
Expenditure is classified under the following activity headings:
- (a) Cost of raising funds includes staff time used to raise grants and donations and their associated support costs.
- (b) Expenditure on charitable activities include expenditure associated with the main objectives of the Charity and include both directs costs and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **1.6 Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and administration personnel, payroll and governance costs which support the Charity’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 6.
## **1.7 Funds structure**
The general fund comprises those monies, which may be used toward meeting the charitable objectives of the company at the discretion of the Management Board.
The restricted funds are monies raised for, and their use restricted to, a specific purpose or donations subject to donor imposed conditions.
## **1.8 Cash at bank and in hand**
Cash at bank and in hand includes cash and short term cash deposits.
**10**
**THE STREET SOCCER FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **1.9 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 provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1.10 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.11 Taxation**
The Charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
## **1.12 Judgement and key sources of estimation uncertainty**
In the application of the Charity’s accounting policies, the charity is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **1.13 Cash flow statement**
The charitable incorporated organisation qualifies as a small charity and advantage has been taken of the exemption provided by SORP (FRS 102) as amended by Bulletin 2, not to prepare a cash flow statement.
## **2. GRANTS AND DONATIONS**
|Donations from The Street Soccer
Foundation - CIC
Charities Aid Foundation
S E Franklin
Gullands donation
Groundwork UK
Nike UK
Tim Munday
Other donations|**Unrestricted**
**Funds**
**£**
5,611
4,300
1,500
-
-
-
-
3,683
15,094|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-|**Total**
**2022**
**£**
5,611
4,300
1,500
-
-
-
-
3,683
15,094|**Total**
**2021**
**£**
22,844
-
-
9,900
7,166
1,444
1,320
5,061|
|---|---|---|---|---|
|||||47,735|
Grants and donations income in 2021 totalling £47,735 was all attributed to unrestricted funds.
Donation from The Street Soccer Foundation - CIC represents the transfer to the charity following the closure of The Street Soccer Foundation - CIC (company number 10333312).
**11**
## **THE STREET SOCCER FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|Medway Council
Kent County Council
Metro bank PLC
Youth Endowment Fund
Kent Community Fund
Home Office Micro Charity Children’s
Support fund
Enterprise Development Fund|**Unrestricted**
**Funds**
**£**
-
-
-
-
-
-
-
-|**Restricted**
**Funds**
**£**
121,965
12,785
2,000
-
-
-
-
136,750|**Total**
**Total**
**2022**
**2021**
**£**
**£**
121,965
-
12,785
-
2,000
-
-
43,090
-
6,500
-
14,800
-
4,925
136,750
69,315|
|---|---|---|---|
Income from charitable activities in 2021 totalling £69,315 was all attributed to restricted funds.
## **4. INCOME FROM TRADING ACTIVITIES**
|The Conway Charitable Foundation
Ticket Sales - Charity Football Match
Sponsorship
Connect 4 Group Ltd
Lenus Global Limited
Zeela Consulting Ltd
YS Digital Ltd
Gemini Innovations
Koi Sports CIC|**Unrestricted**
**Funds**
**£**
28,000
4,262
250
-
-
-
-
-
-
32,512|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-|**Total**
**Total**
**2022**
**2021**
**£**
**£**
28,000
14,000
4,262
-
250
-
-
5,000
-
5,000
-
1,000
-
500
-
500
-
500
32,512
26,500|
|---|---|---|---|
Income from trading activities in 2021 totalling £26,500 was all attributed to unrestricted funds.
**12**
## **THE STREET SOCCER FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **5. ANALYSIS OF EXPENDITURE**
|**ANALYSIS OF EXPENDITURE**|||||
|---|---|---|---|---|
|Management and Operational costs
Direct project costs
Grants to Institutions
Donations
Fundraising costs
Support costs (Note 6)
Governance costs (Note 6)|**Raising**
**funds**
**£**
6,023
-
-
-
-
2,218
66
8,307|**Football**
**Projects**
**£**
68,244
47,927
14,130
626
-
48,217
1,434
180,578|**Total**
**2022**
**£**
74,267
47,927
14,130
626
-
50,435
1,500
188,885|**Total**
**2021**
**£**
57,368
38,982
5,000
178
774
23,336
1,416|
|||||127,054|
Of the £188,885 expenditure in 2022 (2021- £127,054), £59,710 was charged to unrestricted funds (2021£57,739) and £129,175 to restricted funds (2021- £69,315).
## **6. ANALYSIS OF SUPPORT AND GOVENANCE COSTS**
The Charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between charity’s key activities undertaken (see note 5) in the year. All the general support and governance costs have been apportioned to the various charitable activities on the basis of proportion of direct costs allocated to each activity.
|Management and Operational costs
Communication and IT costs
Premises costs
Hotel, travel & subsistence
Legal and professional costs
Insurance
Advertising and promotion costs
Miscellaneous expenses
Depreciation and Amortisation
Independent Examiner's fees|**General**
**Support**
**£**
6,023
8,030
899
9,736
4,753
336
17,697
2,442
519
-
50,435|**Governance**
**costs**
**£**
-
-
-
-
-
-
-
-
-
1,500
1,500|**Total**
**2022**
**£**
6,023
8,030
899
9,736
4,753
336
17,697
2,442
519
1,500
51,935|**Total**
**2021**
**£**
-
3,969
-
-
11,290
258
7,032
612
175
1,416|
|---|---|---|---|---|
|||||24,753|
**13**
**THE STREET SOCCER FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **7. ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES**
No staff employed by the charity.
None of the trustees received any reimbursement of expense during the period.
The key management personnel of the charity comprise the Chair of the trustees. The total benefits of the key management personnel of the charity, consisting of contract payments during the year were £44,925.
## **8. NET INCOME/(EXPENDITURE) FOR THE YEAR**
|**Net movement in funds is shown after charging:**
Independent examiner's fees
Depreciation & Amortisation
**FIXED ASSETS**
**NET BOOK VALUES**
Fixtures, fittings and equipment
**MOVEMENTS IN YEAR**
**Cost or valuation**
**Opening**
**Balances**
**£**
Fixtures, fittings and equipment
698
698
**Depreciation**
**Opening**
**Balances**
**£**
Fixtures, fittings and equipment
349
349|**Additions**
**£**
1,376
1,376
**Charge**
**For Year**
**£**
519
519||**2022**
**£**
1,500
519
**2022**
**£**
1,206||**2021**
**£**
1,416
175
**2021**
**£**
349|
|---|---|---|---|---|---|
|||||||
||||1,206||348|
||||**Disposals**
**£**
-||**Closing**
**Balances**
**£**
2,074|
||||-||2,074|
||||**Disposals**
**£**
-||**Closing**
**Balances**
**£**
868|
||||-||868|
## **9. FIXED ASSETS**
**14**
**THE STREET SOCCER FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
**10. DEBTORS**
|Trade debtors
**11.**
**CREDITORS: amounts falling due within one year**
Accruals
**12.**
**NET MOVEMENT IN FUNDS**
**Balance as**
**at 01/04/2021**
**£**
**Restricted funds:**
Medway Council
-
Kent County Council
-
Metro bank PLC
-
-
**Unrestricted funds:**
General funds
16,496
Total funds
16,496|**Income**
**£**
121,965
12,785
2,000
136,750
47,606
184,356|||**Total**
**2022**
**£**
7,575
7,575
**Total**
**2022**
**£**
1,500
1,500
**Expenditure**
**£**
114,390
12,785
2,000
129,175
59,710
188,885||**Total**
**2021**
**£**
4,237
4,237
**Total**
**2021**
**£**
1,416
1,416
**Balance as**
**at 31/03/2022**
**£**
7,575
-
-|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
|||||||7,575
4,392|
|||||||11,967|
**15**
## **THE STREET SOCCER FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **12. NET MOVEMENT IN FUNDS (Cont/d)**
## **Net movement in funds – previous year**
|**Restricted funds**
Youth Endowment Fund
Kent Community Fund
y
Children’s Support fund
Enterprise Development Fund
**Total restricted funds**
**Unrestricted funds**
General funds
**Total funds**|**Balance as**
**at 01/04/2020**
**£**
-
-
-
-
-
-
-|**Income**
**£**
43,090
6,500
14,800
4,925
69,315
74,235
143,550|**Expenditure**
**£**
43,090
6,500
14,800
4,925
69,315
57,739
127,054|**Balance as**
**at 31/03/2021**
**£**
-
-
-
-|
|---|---|---|---|---|
|||||-
16,496|
|||||16,496|
## **Description, nature and purpose of unrestricted funds:**
**General funds:** General fund represents funds available to spend at the discretion of the Trustees.
## **13. ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS**
|Fixed Assets
Net current assets|**Unrestricted**
**Funds**
**£**
1,206
3,186
4,392|**Restricted**
**Total**
**Funds**
**2022**
**£**
**£**
-
1,206
7,575
10,761
7,575
11,967|
|---|---|---|
## **Analysis of fund balances between net assets – previous year**
|Fixed Assets
Net current assets|**Unrestricted**
**Funds**
**£**
349
16,147
16,496|**Restricted**
**Total**
**Funds**
**2021**
**£**
**£**
-
349
-
16,147
-
16,496|
|---|---|---|
**16**
## **THE STREET SOCCER FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **14. RELATED PARTY TRANSATIONS**
Details of transactions with trustees and senior management are in note 7.
Briony Chaplin, spouse of Keith Chaplin-Mabbutt, the Chief Executive Officer of the charity, is a qualified Graphic Designer and Trained Mentor. During the year she received total payments of £11,370 from the charity for her work in support of the Foundation.
**17**