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2024-03-31-accounts

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Charity registration number 1189558

THE STREET SOCCER FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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THE STREET SOCCER FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Keith Chaplin-Mabbutt Timothy Wilson (Resigned on 07 November 2023) Laurence Hayes Shaun Shariff Bailey - Chair (Appointed on 01 June 2024) Chief Executive Officer Keith Chaplin-Mabbutt Charity number 1189558 Registered office 93 Tabernacle Street London EC2A 4BA Independent examiner Samir Shah FCA, ATII Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA Solicitors Gullands LLP Website: https://streetsoccerfoundation.org.uk/ Bankers Barclays Bank PLC 1 Churchill Place London E14 5HP

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THE STREET SOCCER FOUNDATION

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 17

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THE STREET SOCCER FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Constitution, 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 (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Street Soccer Foundation’s mission is to harness the power of football to inspire and support vulnerable and disadvantaged young people across the UK. Our core objectives are:

During the past year, we delivered several Street Soccer Academy programmes, hosted a number of community events, and partnered with the likes of HSBC, New Balance & Sky Sports.

Achievements and performance

In 2023-24:

Our work has directly benefited disadvantaged young people by providing them with life skills, opportunities, and a pathway out of challenging circumstances. These programmes align with our charitable purpose and satisfy the public benefit requirement.

Community Engagement:

We expanded our reach by partnering with a number of partners and sponsors, increasing awareness of youth homelessness and providing sustainable solutions through football.

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.

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THE STREET SOCCER FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

The Statement of Financial Activities showed a net surplus of £54,445 (2023 – net deficit £8,762) for the year. The financial position at the end of the year revealed by the Balance Sheet shows net current assets or working capital of £57,307 (2023 - £2,518) and net fixed assets of £343 (2023 - £687). Total reserves stand at £57,650 (2023 - £3,205) made up of 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.

Income Sources:

Expenditure:

The Street Soccer Foundation continues to achieve meaningful impact in the lives of vulnerable young people. We thank our supporters, partners, and volunteers for their invaluable contributions to our mission.

Funds Held as Custodian Trustee

The Street Soccer Foundation does not hold any funds as a custodian trustee on behalf of other organisations or entities.

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 core expenditure.

As at the balance sheet date, accounts showed reserves of £57,650 (2023 - £3,205), of which £Nil (2023 - £Nil) were restricted. The unrestricted funds not designated or invested in tangible fixed assets held by the charity are of £57,307 (2023 - £2,518). The current level of funding is adequate to support the continuation of the charity in the medium term.

There has been a continued ever-increasing demand on the charity, particularly for service provision dedicated to vulnerable young people, 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.

The charity is further exploring 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 increased demand made upon the charity, whilst investing more greatly in expanding both the team and the charity’s service provision to meet such demand.

Risk Management

The trustees have a risk management strategy which comprises:

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.

Plans for future periods

The trustees envisage that the charity will continue to operate on the same basis as this year and prior years.

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THE STREET SOCCER FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

Governing document

The Charity is a charitable incorporated organisation (CIO), first initially established on 17th 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 Constitution which sets out the objects and powers of the charity and governs the actions of the trustees.

Recruitment and Appointment of Trustees

The Constitution permits the Board of Trustees to appoint additional trustees as it considers fit to do so.

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.

Trustees induction and training

Trustees are recruited through open recruitment processes, personal recommendations, and/or through a governance committee. Potential trustees are evaluated based on their expertise, commitment to our mission, and ability to contribute to the charity’s success. New trustees are offered an induction programme, including training on their responsibilities and the charity’s operations.

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.

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THE STREET SOCCER FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement of Trustees' responsibilities

The 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 of the Charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution. 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 maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The Trustees' report was approved by the Board of Trustees and signed on their behalf by:

Shaun Shariff Bailey Chair

29 January 2025

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THE STREET SOCCER FOUNDATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE STREET SOCCER FOUNDATION

I report to the trustees on my examination of the financial statements of The Street Soccer Foundation (the Charity) for the year ended 31 March 2024.

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 trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity’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 because I am a member of ICAEW, which is one of the listed bodies.

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 matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Samir Shah FCA, ATII

Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA

Dated: 29 January 2025

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THE STREET SOCCER FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
Income from:
Donations and legacies
3
18,955
-
Charitable activities
4
379,255
75,904
Total income
398,210
75,904
Expenditure on:
Raising funds
5
32,285
-
Charitable activities
6
311,480
75,904
Total expenditure
343,765
75,904
Net income/(expenditure) for the year/
Net movement in funds
54,445
-
Fund balances at 1 April 2023
3,205
-
Fund balances at 31 March 2024
57,650
-		 Total
2024
£
18,955
455,159
474,114
32,285
387,384
419,669
54,445
3,205
57,650		 Total
2023
£
11,482
335,759
347,241
12,330
343,673
356,003
(8,762)
11,967
3,205

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 8 to 17 form part of these financial statements.

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THE STREET SOCCER FOUNDATION

BALANCE SHEET

AS AT 31 MARCH 2024

2024
Notes
£
Fixed assets
Tangible assets
11
Current assets
Debtors
12
22,924
Cash at bank and in hand
45,897
68,821
Creditors: amounts falling due within
one year
13
(11,514)
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 £
343
57,307
57,650
57,650
57,650		 2023
£
7,374
1,623
8,997
(6,479)		 £
687
2,518
3,205
3,205
3,205

The notes on pages 8 to 17 form part of these financial statements.

The financial statements were approved by the Trustees on 29 January 2025 and were signed on its behalf by:

Shaun Shariff Bailey Chair

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THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

1.1 Accounting convention

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. The principal accounting policies adopted are set out below.

1.2 Going concern

The Charity’s Financial Statements show net surplus of £54,445 (2023 - net deficit £8,762) for the year and free reserves at £57,307 (2023 - £2,518). The trustees are of the view that these results have secured the immediate future of the charity for the next 12 to 18 months and on this basis the charity is a going concern.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

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.

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.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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. 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.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% Straight Line Method

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THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9 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.

1.10 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.

1.11 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.

1.12 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.

1.13 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

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THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, 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.

3 Donations and legacies

4 Unrestricted
funds
£
Breyer Foundation
-
Other donations
18,955
S E Franklin
-
18,955
For the year ended 31 March 2023
11,482
Charitable activities
Football
Projects
£
Contract income
Ark Schools
95,565
Golding Homes
2,595
Kent County Council
75,568
Medway Council
39,898
Mount Anvil Ltd
5,190
Subtotal (A)
218,816
Grants and donations
Clarion Futures
-
Groundwork
12,250
Just A Drop
14,685
Other grants
9,715
Postcode Society Trust
25,000
Travis Perkins
-
United Living
-
Subtotal (B)
61,650		 Total
2024
£
-
18,955
-
18,955
Total
2024
£
95,565
2,595
75,568
39,898
5,190
218,816
-
12,250
14,685
9,715
25,000
-
-
61,650		 Total
2023
£
2,000
7,982
1,500
11,482
11,482
Total
2023
£
-
5,160
172,750
59,689
-
237,599
15,160
26,000
-
-
-
9,500
7,500
58,160

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THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities
Sponsorships
Ret Ltd
The Conway Charitable Foundation
Subtotal (C)
The Big Goal
Ans Group Limited
Bdr Voice & Data
Cityfibre Holdin
Daisy Communications
Dataquest UK Ltd
Dickinson Andrew
Digital Wholesale
Elitetele Com PLC
Eulogy Limited
Fifteen Group Limited
Firstcom Europe
Focus 4 U Ltd
Gamma Telecom Ltd
Giacom Communication
Global 4 Communication
Inform Billing Solutions
Intec BU Ltd
Network Planning
Nt Voice And Data Solutions Ltd
Ocean Telecom Ltd
Onecom Limited
Redsquid Communications
Rydal Co Ltd
Spectrum Telecom
TT Communications
Vapour Media Ltd
Wavenet Limited
Welcomm Communications
Zenzero
Subtotal (D)
Total (A+B+C+D)
Analysis by fund
Unrestricted funds
Restricted funds		 3,189
63,000
66,189
2,500
5,000
2,500
10,000
2,500
2,500
6,004
2,500
2,500
2,500
2,500
5,000
5,000
15,000
2,500
2,500
5,000
2,500
2,500
2,500
2,500
2,500
2,500
2,500
5,000
2,500
2,500
2,500
2,500
108,504
455,159
379,255
75,904
455,159		 (Continued)
3,189
-
63,000
40,000
66,189
40,000
2,500
-
5,000
-
2,500
-
10,000
-
2,500
-
2,500
-
6,004
-
2,500
-
2,500
-
2,500
-
2,500
-
5,000
-
5,000
-
15,000
-
2,500
-
2,500
-
5,000
-
2,500
-
2,500
-
2,500
-
2,500
-
2,500
-
2,500
-
2,500
-
5,000
-
2,500
-
2,500
-
2,500
-
2,500
-
108,504
-
455,159
335,759
379,255
232,439
75,904
103,320
455,159
335,759		 (Continued)
3,189
-
63,000
40,000
66,189
40,000
2,500
-
5,000
-
2,500
-
10,000
-
2,500
-
2,500
-
6,004
-
2,500
-
2,500
-
2,500
-
2,500
-
5,000
-
5,000
-
15,000
-
2,500
-
2,500
-
5,000
-
2,500
-
2,500
-
2,500
-
2,500
-
2,500
-
2,500
-
2,500
-
5,000
-
2,500
-
2,500
-
2,500
-
2,500
-
108,504
-
455,159
335,759
379,255
232,439
75,904
103,320
455,159
335,759
40,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
335,759
232,439
103,320
335,759

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THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5 Raising funds

Unrestricted
funds
£
Management and Operational costs
25,360
Share of Support costs (see note 8)
6,243
Share of Governance costs (see note 8)
682
32,285
For the year ended 31 March 2023
Fundraising and publicity
12,330
12,330
Charitable activities
Football
Projects
£
Management and Operational costs
180,103
Direct project costs
76,023
Donations
216
256,342
Grants to Institutions (see note 7)
47,947
Share of support costs (see note 8)
74,917
Share of governance costs (see note 8)
8,178
387,384
Analysis by fund
Unrestricted funds
311,480
Restricted funds
75,904
387,384
For the year ended 31 March 2023
Unrestricted funds
232,778
Restricted funds
110,895
343,673		 Total
2024
£
25,360
6,243
682
32,285
Total
2024
£
180,103
76,023
216
256,342
47,947
74,917
8,178
387,384
311,480
75,904
387,384		 Total
2023
£
9,891
2,341
98
12,330
12,330
12,330
Total
2023
£
187,978
74,221
216
262,415
13,275
65,261
2,722
343,673
232,778
110,895
343,673
232,778
110,895
343,673

Docusign Envelope ID: E2A92AD5-D274-4F16-8658-27822868394FDocusign Envelope ID: EA3B2518-1B77-44BA-A01F-F6506EB514D8

THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

7 Grants to Institutions

Football
Projects
£
Grants to institutions:
Brentford FC Community Sports Trust
2,545
Everton in The Community
2,500
First Business Solutions
4,970
Foundation of Light
12,350
Greenwich Leisure
3,024
Knightrider Motor
1,278
Clarets in the Community
-
West Ham Utd Foundation
5,000
Leicester City in the community
2,500
Palace For Life Foundation
2,500
Chelsea FC Foundation
3,975
AFC Bournemouth Community Sports Trust
2,500
Tigers trust
2,555
Blackpool FC Community Trust
2,250
47,947
Support costs
Support Governance
costs
costs
£
£
Management and Operational costs
6,340
6,340
Depreciation
344
-
Communication and IT costs
25,251
-
Premises costs
2,365
-
Hotel, travel & subsistence
9,994
-
Legal and professional costs
1,102
-
Insurance
289
-
Advertising and promotion costs
34,946
-
Miscellaneous expenses
529
-
Independent Examiner's fees
-
2,520
81,160
8,860
Analysed between
Fundraising
6,243
682
Charitable activities
74,917
8,178
81,160
8,860		 Total
2024
£
2,545
2,500
4,970
12,350
3,024
1,278
-
5,000
2,500
2,500
3,975
2,500
2,555
2,250
47,947
Total
2024
£
12,680
344
25,251
2,365
9,994
1,102
289
34,946
529
2,520
90,020
6,925
83,095
90,020		 Total
2023
£
-
-
-
-
-
-
925
2,325
2,525
-
4,850
2,650
-
-
13,275
Total
2023
£
9,891
519
13,797
4,209
10,611
4,710
324
22,844
1,897
1,620
70,422
2,439
67,983
70,422

8 Support costs

Docusign Envelope ID: E2A92AD5-D274-4F16-8658-27822868394FDocusign Envelope ID: EA3B2518-1B77-44BA-A01F-F6506EB514D8

THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

9 Net movement in funds 2024 2023
£ £
Net movement in funds is stated after charging/(crediting)
Independent examiner's fees 2,520 1,620
Depreciation of owned tangible fixed assets 344 519
10 ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES
2024 2023
£ £
Sub-contractor costs 218,143 207,760
218,143 207,760
No staff employed by the charity.
None of the trustees received any reimbursement of expense during the year (2023 - nil).
The key management personnel of the charity comprise the Trustee appointed as Chief Executive Officer. The
total benefits of the key management personnel of the charity, consisting of contract payments during the year
were £60,750 (2023 - £60,858)

11 Tangible fixed assets

Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023 2,074
At 31 March 2024 2,074
Depreciation and impairment
At 1 April 2023 1,387
Depreciation charged in the year 344
At 31 March 2024 1,731
Carrying amount
At 31 March 2024 343
At 31 March 2023 687

Docusign Envelope ID: E2A92AD5-D274-4F16-8658-27822868394FDocusign Envelope ID: EA3B2518-1B77-44BA-A01F-F6506EB514D8

THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

12
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
13
Creditors: amounts falling due within one year
Accruals		 2024
£
22,103
821
22,924
2024
£
11,514
11,514		 2023
£
6,863
511
7,374
2023
£
6,479
6,479

Docusign Envelope ID: E2A92AD5-D274-4F16-8658-27822868394FDocusign Envelope ID: EA3B2518-1B77-44BA-A01F-F6506EB514D8

THE STREET SOCCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2022 resources expended
1 April		 2023 resources expended
31 March 2024
£ £ £ £ £ £ £
Medway Council 7,575 - (7,575) - - - -
Clarion Futures - 15,160 (15,160) - - - -
Golding Homes - 5,160 (5,160) - - - -
Groundwork - 26,000 (26,000) - - - -
The Conway
Charitable
Foundation - 40,000 (40,000) - 63,000 (63,000) -
Travis Perkins - 9,500 (9,500) - - - -
United Living - 7,500 (7,500) - - - -
Other grants - - - - 9,715 (9,715) -
Ret Ltd - - - - 3,189 (3,189) -
7,575 103,320 (110,895) - 75,904 (75,904) -
15 Analysis of net assets between funds
Unrestricted
Restricted		 Total Unrestricted Restricted
Total
funds funds 2024 funds funds 2023
£ £ £ £ £ £
Fund balances at 31
March 2024 are
represented by:
Tangible assets 343 - 343 687 - 687
Current
assets/(liabilities) 57,307 - 57,307 2,518 - 2,518
57,650 - 57,650 3,205 - 3,205

16 Related party transactions

Details of transactions with trustees and senior management are in note 9.

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 £9,425 (2023 - £11,100) from the charity for her work in support of the Foundation.