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2024-06-30-accounts

REGISTERED COMPANY NUMBER: 13241679 (England and Wales) REGISTERED CHARITY NUMBER: 1194114

Trustees' Report and Unaudited Financial Statements for the Year Ended 30 June 2024

for Stockport County Community Trust "formerly The Hatters Project Limited"

Ascendis

Chartered Certified Accountants & Business Advisor Unit 3 Building 2 The Colony Wilmslow Altrincham Road Wilmslow SK9 4LY

Stockport County Community Trust "formerly The Hatters Project Limited"

Contents of the Financial Statements for the Year Ended 30 June 2024

Page
Reference and Administrative Details 1
Trustees' Report 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Position 10 to 11
Statement of Cash Flows 12
Notes to the Financial Statements 13 to 23
Detailed Statement of Financial Activities 24 to 25

Stockport County Community Trust "formerly The Hatters Project Limited"

Reference and Administrative Details for the Year Ended 30 June 2024

TRUSTEES

D J G Ancell Director G P Beswick Director P Brown MBE Director D A Cheetham Director J M Stevenson MBE Director Ms L J Swindells Director

REGISTERED OFFICE

Edgeley Park Hardcastle Road Edgeley Stockport Greater Manchester SK3 9DD

REGISTERED COMPANY 13241679 (England and Wales) NUMBER

REGISTERED CHARITY 1194114 NUMBER

INDEPENDENT EXAMINER

Ascendis Chartered Certified Accountants & Business Advisor Unit 3 Building 2 The Colony Wilmslow Altrincham Road Wilmslow SK9 4LY

Page 1

Stockport County Community Trust

"formerly The Hatters Project Limited"

Trustees' Report

for the Year Ended 30 June 2024

The Trustees (who are also the Directors) are pleased to present their annual Trustees Report together with the financial statements for the year ending 30 June 2024 which are also prepared to meet the requirements for a Directors report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association 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 the Republic of Ireland (FRS 102) effective 1st June 2015.

Reference and Administrative Details

Reference and administrative details are shown in the schedule of members of the Board and professional advisors shown on page 1 of the financial statements.

The Trustees

The Trustees who served the charity during the twelve month period from 1st July 2023 to 30th June 2024 were as follows,

Mr John Stevenson MBE Ms Laura Swindells Mr Giles Beswick Mr David Ancell Mr Phill Brown MBE Mr David Cheetham

Structure, Governance and Management

Stockport County Community Trust is a registered charity (No 1194114) and Company Limited by Guarantee (No 13241679) and is governed by its Articles of Association which were adopted on 3rd March 2021. The charity changed its name in March 2023 from The Hatters Project Limited to Stockport County Community Trust.

The Articles of Association include the selection and appointment of new Trustees.

The day-to-day operations of the charity are managed by the Chief Executive Officer who reports directly to the Board. The Board has instigated systems and controls in relations to such matters as finance, contracts and employment and considers these to be appropriate safeguards in relation to the day-to-day operations of the Trust.

The Trustees continue to review the risks associated with running the Trust.

Objectives and Activities

Stockport County Community Trust's principal object is to arrange, promote and deliver activities for the benefit of the public in particular in Stockport and its surrounding areas, including community participation in healthy recreation for children and other citizens who have needs due to their disablement, poverty or other social and economic circumstances - with the aim of improving their overall health, skills and conditions of life.

Financial Review

In the year ended June 2024, County Community Trust generated an income of £783,414 and incurred expenditure of £600, 507. This resulted in an operating surplus of £182,907.

The Balance Sheet for the Trust on 30 June 2024 showed a total of Trust funds of £291,024.

The Board is pleased with the performance of Stockport County Community Trust in this 12 month period and the commitment, professionalism and enthusiasm of the staff team who have all contributed to this performance.

Page 2

Stockport County Community Trust

"formerly The Hatters Project Limited"

Trustees' Report for the Year Ended 30 June 2024

The Board is satisfied that the Trust is now well positioned to build upon the previous 12 months operation and is confident that the Trust will continue to be self-financing. Notwithstanding this expectation, the Trust continues to receive the support of Stockport County Football Club.

Reserves Policy

The Board has agreed to work towards a reserves policy of three months running costs if all funding ceased suddenly. This equates to approximately £200,000 based on projected figures for 2024/25 budgeted expenditure. The Trust currently has unrestricted cash reserves of £208,642. The Trustees will continue to monitor the reserves position with the aspiration of moving towards a reserve policy of six months running costs.

Public Benefit Statement

Stockport County Community Trust gives careful consideration to the Charity Commission's general guidance on public benefit in setting its own aims, objectives and planned activities for the coming year. This is detailed in the performance and achievements section set out below.

Achievements and performance

The period from the 1st July 2023 - 30 June 2024 saw a successful period for Stockport County Community Trust with an increase in programming, the development of the staff team (including the senior team) and the continued improvement in all governance practices.

The Trust now has a strong and stable senior management team that is led by the CEO, Alison Warwood and supported by the Operations Manager, Dave Wardle and the three department managers, Eddie Owen (Health and Wellbeing), Dan Landstrom (Inclusion) and Bob MacCallum (Education). The team has also added media and marketing expertise through the employment of Jo Lake as a Media and Content Manager. The senior team have worked hard to ensure that there is a strong delivery team now in place that delivers all Trust programmes with professionalism and enthusiasm, ensuring that our participants are at the heart of all the Trust delivers.

The Trust continues to deliver all its programmes in line with its three year strategy, that was launched in July 2023, especially its key aim of 'Inspiring, educating and supporting our communities' and its four key strategic areas of focus,

  1. Increasing levels of physical activity leading to better physical health - Helping the local community to use physical activity to start well, live well and age well.

  2. Improving wellbeing in our communities leading to better mental health - Developing confident, empowered, engaged and resilient communities.

  3. Increasing educational attainment and skills - Improving academic and vocational attainment and ambition leading to better employment, economic prospects and life chances.

  4. Building stronger communities - Celebrating and embedding diversity and inclusion across all areas of the club, enabling people to make better life choices and live in safer communities.

The charity has worked hard over the last 12 months to improve all its monitoring and evaluation processes to ensure that the charity delivers against each of its four focus areas and to ensure it continues to deliver programmes that meet the needs of the community in line with best practice and good value for money.

To help the Trust achieve this aim, the charity engaged the services of an external evaluation company, Substance who are a market leader in evaluating sport, health and youth engagement programmes. The initial work that Substance has carried out highlight that Stockport County generated £1.5 million of social value over the last 12 months (against an expenditure of around £500K on programming). This baseline assessment shows that for every £1 invested into Stockport County Community Trust, the charity is generating £3 worth of benefit for the community of Stockport.

Page 3

Stockport County Community Trust

"formerly The Hatters Project Limited"

Trustees' Report for the Year Ended 30 June 2024

The charity continues to work closely with Stockport County Football Club and its senior management team to ensure the charity benefits from the use of the club brand and facilities to help benefit the local community. This includes the opening up of the club stadium, Edgeley Park to be more accessible to the community especially as part of the Health and Wellbeing programmes.

This period also coincided with Stockport County Football Club successful campaign in League Two which culminated in the club winning the league and promotion into League One. The excitement and passion that this creates in Stockport helps the Trust engage with more local residents who choose to work with the club, though the Community Trust when they may be unlikely to engage with other statutory and mainstream organisations.

The success of the club and the Community Trust has enabled the charity to increase its programmes and delivery across its three departments, inclusion, education and health and wellbeing.

Key department achievements over the last 12 months have included,

Inclusion and Participation

The Inclusion and Participation department has seen huge growth from 1st July 2023 - 30th June 2024. Particular developments have included,

Education

The Education department uses football and PE to help raise aspirations and educational attainment of young people and to make PE more accessible to schools to help improve the health of young people.

-One of the main successes of our 23/24 period, was the development and introduction of our Together Schools Programme which offers free education and PE sessions to all primary schools and secondary schools across Stockport. Through a donation provided by club partner, Together, the Trust was able to employ four new full time members of staff. In total, the team worked with around 70 Stockport schools and around 2,200 pupils in the borough.

Page 4

Stockport County Community Trust

"formerly The Hatters Project Limited"

Trustees' Report for the Year Ended 30 June 2024

-The Trust also continued to deliver the Together assembly programme, which offers schools an assembly, featuring the club mascot, Vernon Bear focusing on the history and heritage of the club and Stockport as a town. As part of the programme, the club also gave away 2000 tickets to the participants to enable them to attend a Stockport County home game.

-To help build on our education programmes, the education department launched a brand new literacy programme where pupils across Stockport secondary schools were encouraged to write a short story based on the theme, 'The scarf my father wore' which is a well-known Stockport County song. Winners were invited to attend a match day at Stockport County and their stories were turned into a book which was made available for sale through the club shop. -The Trust developed a collaboration with the Stockport based arts group, GRIT Studios. Pupils were invited to a series of writing and art workshops at Edgeley Park which culminated in the production of a large scale mural at a gable end of a building of Castle Street in Edgeley. The mural has already become an iconic landmark in recent times and was often used as a backdrop photo to the team celebrating promotion on the trophy parade through Stockport after being crowned League Two champions.

-The Trust also continued to deliver high quality National Curriculum based PE lessons to 10 partner schools based in and around Stockport, working with around 2400 pupils across Stockport and its surrounding districts.

-The Trust continued to work with the Premier League Charitable Fund to develop the Premier League Primary Stars programme. This included delivering a six week programme at eight primary schools providing teachers with the opportunity to develop their confidence and knowledge in delivering high quality PE lessons through an empowering environment.

-Finally, the education team also delivered a number of school football tournaments, many of them involving schools winning the opportunity to represent Stockport County at EFL and Premier League regional and national tournaments. Around 400 pupils took part in these types of tournaments including pupils from Ladybarn School who got to play a final on the pitch at Brentford FC.

Health and Wellbeing

During the 2023-24 financial year, the Trust's Health and Wellbeing programme has continued to make a real impact by reaching out to people in the local community making a positive difference to their health and wellbeing. The projects and activities delivered as part of this programme include:

-County's Social Well-being Group which provides a weekly drop-in on Wednesday morning at Edgeley Park and continues to grow from strength to strength with 50 adults attending weekly. The group supports vulnerable people living with long-term health conditions, who are often also experiencing loneliness and living in social isolation. The attendees enjoy refreshments games and quizzes, and also take part in stress-relieving activities such as gentle seated yoga, and art therapy delivered by trained qualified professional therapists. The group also enjoy trips out together including matinee performances at the Stockport Plaza and visits to local parks and historic buildings.

-The Trust's walking football programme continued to grow over the period with over 150 people registered as participants. As well as an opportunity to improve health through physical activity, the sessions also provide an opportunity for people to socialise. The Trust added a new venue in late 2023 doubling its capacity to deliver Walking Football. Teams also got the chance to play represent Stockport County at regional events including hosting a walking Festival on the pitch at Edgeley Park.

-In January 2024, the Trust worked with club partner, Vitality to launch Kick Start with County, a new health programme which worked with 30 participants to help them build up their fitness, culminating in the group taking part in a local Park Run.

-The weekly adult and junior pan disability football sessions continued to grow with many new players joining the programme. We have moved the sessions so they are both delivered on the same evening and they have been rebranded as County Comets and County Stars after we received a small amount of funding from Cheshire FA. The teams now take part in the monthly East Cheshire Ability Counts league.

-The weekly mental health football coaching sessions for patients from Pennine Care NHS Trust continued to be delivered moving venue to the Pro Football Arena and increasing the number of participants who took part. In addition to the work undertaken by individual departments, the Trust as a whole supported a number of club initiatives. This included organising Flag Bearers for match days, which provides opportunities for junior teams to welcome the teams onto the pitch at Edgeley Park as well as match day charity bucket collections which raised nearly £20K for local charities.

Page 5

Stockport County Community Trust

"formerly The Hatters Project Limited"

Trustees' Report

for the Year Ended 30 June 2024

The Trust also supported Stockport County with its Christmas campaign which provided Christmas hampers to vulnerable families living across Stockport, whilst also organising the visit of club first-team players, along with club mascot, Vernon Bear and Club President Steve Bellis, to the Treehouse paediatric unit at Stepping Hill Hospital and organising a club community lunch for almost 200 local residents.

Plans for future periods

The plan for the future is that Stockport County Community Trust will remain financially self-sufficient and not rely on financial support from Stockport County FC. However, It is still important for the Trust and Stockport County FC to be closely aligned and to work closely together

Stockport County Community Trust plans to increase the programmes it delivers over the next 12 months and to grow its delivery team to help increase the positive impact the work of the Trust within its local community.

Small company provisions

This report has been produced in accordance with the small companies' regime under the Companies Act 2006.

The Trustees have pleasure in presenting their report and financial statement for the charity for the twelve months ending 30 June 2024.

Approved by the Board on 24 March 2025 and signed on its behalf by

Mr John Stevenson MBE Chair of Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Stockport County Community Trust "formerly The Hatters Project Limited" for the purposes of company law) 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) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

Stockport County Community Trust

"formerly The Hatters Project Limited"

Trustees' Report for the Year Ended 30 June 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

Approved by order of the board of trustees on 24 March 2025 and signed on its behalf by:

J M Stevenson MBE - Trustee

Page 7

Independent Examiner's Report to the Trustees of Stockport County Community Trust "formerly The Hatters Project Limited"

Independent examiner's report to the trustees of Stockport County Community Trust "formerly The Hatters Project Limited" ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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:

  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 accounting 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.

Richard Fleming FCCA

Ascendis Chartered Certified Accountants & Business Advisor Unit 3 Building 2 The Colony Wilmslow Altrincham Road Wilmslow SK9 4LY

Date: 24 March 2025

Page 8

Stockport County Community Trust "formerly The Hatters Project Limited"

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 June 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
135,670
Charitable activities
Wellbeing
59,625
Social Inclusion
146,200
Education Pathway
125,000
Head Office
56,131
Other trading activities
4
113,241
Investment income
5
-
Total
635,867
EXPENDITURE ON
Resources expended
6
130,381
Charitable activities
7
Wellbeing
58,458
Social Inclusion
147,297
Education Pathway
118,534
Head Office
56,131
Total
510,801
NET INCOME
125,066
RECONCILIATION OF FUNDS
Total funds brought forward
108,117
TOTAL FUNDS CARRIED FORWARD
233,183		 Restricted
fund
£
-
30,556
88,241
20,000
8,750
-
-
147,547
-
-
60,956
20,000
8,750
89,706
57,841
-
57,841		 2024
Total
funds
£
135,670
90,181
234,441
145,000
64,881
113,241
-
783,414
130,381
58,458
208,253
138,534
64,881
600,507
182,907
108,117
291,024		 2023
Total
funds
£
137,509
10,716
150,494
-
-
200,509
3
499,231
183,811
12,816
235,983
-
-
432,610
66,621
41,496
108,117

CONTINUING OPERATIONS

Total unrestricted funds carried forward : £233,183 of which £47,425 are designated funds for future planned projects.

The notes form part of these financial statements

Page 9

Stockport County Community Trust "formerly The Hatters Project Limited"

Statement of Financial Position

30 June 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
13
4,438
CURRENT ASSETS
Debtors
14
114,003
Cash at bank and in hand
208,642
322,645
CREDITORS
Amounts falling due within one year
15
(93,900)
NET CURRENT ASSETS
228,745
TOTAL ASSETS LESS CURRENT
LIABILITIES
233,183
NET ASSETS
233,183
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
57,841
57,841
-
57,841
57,841
57,841		 2024
Total
funds
£
4,438
114,003
266,483
380,486
(93,900)
286,586
291,024
291,024
233,183
57,841
291,024		 2023
Total
funds
£
2,653
86,678
108,411
195,089
(89,625)
105,464
108,117
108,117
108,117
-
108,117

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 10

Stockport County Community Trust "formerly The Hatters Project Limited"

Statement of Financial Position - continued 30 June 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24 March 2025 and were signed on its behalf by:

J M Stevenson MBE - Trustee

The notes form part of these financial statements

Page 11

Stockport County Community Trust "formerly The Hatters Project Limited"

Cash flows from operating activities
Cash generated from operations
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Bank Interest received
Net cash provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 Statement of Cash Flows
for the Year Ended 30 June 2024
2024
Notes
£
18
161,287

161,287
(3,215)
(3,215)
-

-

158,072
108,411

266,483		 2023
£
93,954
93,954
(1,026)
(1,026)
3
3
92,931
15,480
108,411
Notes
18

The notes form part of these financial statements

Page 12

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements for the Year Ended 30 June 2024

1. GENERAL INFORMATION

Stockport County Community Trust is a private company limited by guarantee incorporate in England & Wales, registered number 13241679 The registered office and principal place of business address is Edgeley Park, Hardcastle Road, Edgeley, Stockport, SK3 9DD.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in pound sterling, which is the functional currency of the entity.

Amounts in these financial statements are rounded to the nearest pound sterling.

INCOME RECOGNITION POLICIES

Items of income are recognised and included in the account when all of the following criteria are met:

-there is sufficient certainty that receipt of the income is considered probable and;

-the amount can be measured reliably.

DONATIONS AND LEGACIES

Donations are recognised when the Charity has been notified in writing of both the amount and the settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period.

GRANTS RECEIVABLE

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

continued...

Page 13

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.Where there is an overspend on restricted funds then unrestricted funds may be used as a reserve.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

SIGNIFICANT JUDGEMENTS

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

KEY SOURCES OF ESTIMATION UNCERTAINTY

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

FINANCIAL INSTRUMENTS

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

continued...

Page 14

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY DEBTORS

Trade debtors are recognised at the settlement amount due after any trade discount offered. Prepayments and other debtors are valued at amortised cost.

CASH AND CASH EQUIVALENTS

Cash at bank and in hand includes cash in short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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 a 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.

3. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Unrestricted
funds
£
Donations
135,670
Grants
-
135,670		 Restricted
funds
£
-
-
-		 2024
Total
funds
£
135,670
-
135,670		 2023
Total
funds
£
135,214
2,295
137,509

Grants received, included in the above, are as follows:

Other grants
OTHER TRADING ACTIVITIES
Unrestricted
funds
£
School income
113,241		 Restricted
funds
£
-		 2024
£
-
2024
Total
funds
£
113,241		 2023
£
2,295
2023
Total
funds
£
200,509

4. OTHER TRADING ACTIVITIES

Page 15

continued...

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

5. INVESTMENT INCOME

Unrestricted
funds
£
Interest received
-
6.
RESOURCES EXPENDED
OTHER TRADING ACTIVITIES
Unrestricted
funds
£
Support costs
130,381
7.
CHARITABLE ACTIVITIES COSTS
Wellbeing
Social Inclusion
Education Pathway
Head Office
8.
SUPPORT COSTS
Management
£
Other trading activities
-
Wellbeing
5,842
Social Inclusion
19,859
Education Pathway
53,416
Head Office
57,881
136,998		 Restricted
funds
£
-
Restricted
funds
£
-
Direct
Costs
£
105
-
14,467
-
14,572
Finance
£
865
-
-
4,934
-
5,799		 2024
Total
funds
£
-
2024
Total
funds
£
130,381
Support
costs (see
note 8)
£
58,353
208,253
124,067
64,881
455,554
Other
£
129,516
52,511
188,394
65,717
7,000
443,138		 2023
Total
funds
£
3
2023
Total
funds
£
183,811
Totals
£
58,458
208,253
138,534
64,881
470,126
Totals
£
130,381
58,353
208,253
124,067
64,881
585,935

Page 16

continued...

Stockport County Community Trust

"formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

8. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Wages - key personnel
Social security -key personnel
Pensions - key personnel
Advertising
Bank charges
Accountancy
Legal and professional fees
Wages - operational
Social security - operational
Pensions - operational
Hire of equipment
Insurance
Postage and stationery
Sundries
Motor expenses
Entertainment
Direct Costs
IT Software and Consumables
Staff welfare
Venue Hire / Rental
HAF Food & Activities
Sports & Therapies
Depreciation of tangible fixed assets
Wages - key personnel
Social security -key personnel
Pensions - key personnel
Advertising
Bank charges
Accountancy
Legal and professional fees
Wages - operational
Social security - operational
Pensions - operational
Hire of equipment
Insurance
Postage and stationery
Sundries
Motor expenses
Entertainment
Direct Costs
IT Software and Consumables
Carried forward		 Education
Pathway
£
39,570
3,611
942
9,293
898
3,928
108
18,143
-
-
240
464
1,759
1,620
10,758
2,643
-
97
94,074		 Other
trading
activities
£
-
-
-
-
-
-
865
115,060
8,788
2,374
3,055
-
-
-
239
-
-
-
-
-
-
-
-
130,381
Head
Office
£
50,339
4,594
1,198
1,750
-
-
-
7,000
-
-
-
-
-
-
-
-
-
-
64,881		 Wellbeing
£
5,317
525
-
-
-
-
-
39,966
2,881
840
1,432
-
-
213
300
-
-
-
-
1,544
-
5,335
-
58,353
2024
Total
activities
£
111,747
10,382
2,348
12,521
898
3,928
973
319,444
16,032
4,746
6,575
464
3,931
6,224
14,785
2,643
-
97
517,738		 Social
Inclusion
£
16,521
1,652
208
1,478
-
-
-
139,275
4,363
1,532
1,848
-
2,172
4,391
3,488
-
-
-
-
22,049
9,276
-
-
208,253
2023
Total
activities
£
139,513
10,244
2,972
-
49
3,830
12,875
164,065
6,396
2,178
-
578
3,831
911
27,765
2,069
21,602
-
398,878

continued...

Page 17

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

8. SUPPORT COSTS - continued

Brought forward
Staff welfare
Venue Hire / Rental
HAF Food & Activities
Sports & Therapies
Depreciation of tangible fixed assets		 Education
Pathway
£
94,074
446
-
-
28,117
1,430
124,067		 Head
Office
£
64,881
-
-
-
-
-
64,881		 2024
Total
activities
£
517,738
446
23,593
9,276
33,452
1,430
585,935		 2023
Total
activities
£
398,878
-
-
-
-
1,160
400,038

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Depreciation - owned assets 1,430 1,160

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
£
431,191
26,414
7,094
464,699		 2023
£
303,578
16,640
5,150
325,368

The key management personnel consist of; -

Total amounts paid to Key Management Personnel is as follows: -

2024 2023
Gross Salary £111,747 £139,513
Social Security £12,073 £13,924
Pension £2,348 £2,972

continued...

Page 18

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

11. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

Average
No employees received emoluments in excess of £60,000.
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
133,963
Charitable activities
Wellbeing
8,716
Social Inclusion
35,753
Other trading activities
200,509
Investment income
3
Total
378,944
EXPENDITURE ON
Resources expended
183,811
Charitable activities
Wellbeing
1,889
Social Inclusion
117,747
Total
303,447
NET INCOME/(EXPENDITURE)
75,497
Transfers between funds
(8,876)
Net movement in funds
66,621
RECONCILIATION OF FUNDS
Total funds brought forward
41,496
TOTAL FUNDS CARRIED FORWARD
108,117		 2024
22
Restricted
fund
£
3,546
2,000
114,741
-
-
120,287
-
10,927
118,236
129,163
(8,876)
8,876
-
-
-		 2023
19
Total
funds
£
137,509
10,716
150,494
200,509
3
499,231
183,811
12,816
235,983
432,610
66,621
-
66,621
41,496
108,117

continued...

Page 19

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

13. TANGIBLE FIXED ASSETS

Fixtures
and
fittings
£
COST
At 1 July 2023
1,633
Additions
485
At 30 June 2024
2,118
DEPRECIATION
At 1 July 2023
688
Charge for year
310
At 30 June 2024
998
NET BOOK VALUE
At 30 June 2024
1,120
At 30 June 2023
945
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Pension payable
Net wages
Accruals		 Computer
equipment
£
3,142
2,730
5,872
1,434
1,120
2,554
3,318
1,708
2024
£
55,856
58,147
114,003
2024
£
53,973
8,666
-
1,508
-
29,753
93,900		 Totals
£
4,775
3,215
7,990
2,122
1,430
3,552
4,438
2,653
2023
£
16,406
70,272
86,678
2023
£
10,276
5,151
50,000
1,241
252
22,705
89,625

continued...

Page 20

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

16. MOVEMENT IN FUNDS

Unrestricted funds
Unrestricted fund
Restricted funds
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
Unrestricted fund
Restricted funds
Restricted fund
TOTAL FUNDS
Comparatives for movement in funds
At 1.7.22
£
Unrestricted funds
Unrestricted fund
41,496
Restricted funds
Restricted fund
-
TOTAL FUNDS
41,496		 At 1.7.23
£
108,117
-
108,117
Incoming
resources
£
635,867
147,547
783,414
Net
movement
in funds
£
75,497
(8,876)
66,621		 Net
movement
At
in funds
30.6.24
£
£
125,066
233,183
57,841
57,841
182,907
291,024
Resources
Movement
expended
in funds
£
£
(510,801)
125,066
(89,706)
57,841
(600,507)
182,907
Transfers
between
At
funds
30.6.23
£
£
(8,876)
108,117
8,876
-
-
108,117

continued...

Page 21

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Unrestricted fund 378,944 (303,447) 75,497
Restricted funds
Restricted fund 120,287 (129,163) (8,876)
TOTAL FUNDS 499,231 (432,610) 66,621
A current year 12 months and prior year 12 months combined position is as follows:
Net Transfers
movement between At
At 1.7.22
in funds		 funds 30.6.24
£ £ £ £
Unrestricted funds
Unrestricted fund 41,496 200,563 (8,876) 233,183
Restricted funds
Restricted fund - 48,965 8,876 57,841
TOTAL FUNDS 41,496 249,528 - 291,024

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
Unrestricted fund
1,014,811
Restricted funds
Restricted fund
267,834
TOTAL FUNDS
1,282,645
(		 Resources
Movement
expended
in funds
£
£
(814,248)
200,563
(218,869)
48,965
1,033,117)
249,528

continued...

Page 22

Stockport County Community Trust "formerly The Hatters Project Limited"

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

17. RELATED PARTY DISCLOSURES

The charity is controlled by the Trustees who are all directors of the company and are therefore related to it.

A loan of £0 (2023: £50,000) was settled as at 30 June 2024 to Select Group International Limited, of which a Trustee, G P Beswick, is also a director.

18. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Investment Income
(Increase)/decrease in debtors
Increase in creditors
Net cash provided by operations		 2024
£
182,907
1,430
-
(27,325)
4,275
161,287		 2023
£
66,621
1,160
(3)
13,346
12,830
93,954

19. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.23 Cash flow At 30.6.24
£ £ £
Net cash
Cash at bank and in hand 108,411 158,072 266,483
108,411 158,072 266,483
Total 108,411 158,072 266,483

Page 23

Stockport County Community Trust "formerly The Hatters Project Limited"

Detailed Statement of Financial Activities for the Year Ended 30 June 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
School income
Investment income
Interest received
Charitable activities
Wellbeing
Social Inclusion
Head office
Education pathway
Total incoming resources
EXPENDITURE
Charitable activities
Direct Costs
Support costs
Management
Wages - key personnel
Social security -key personnel
Pensions - key personnel
Advertising
Finance
Bank charges
Accountancy
Legal and professional fees
Other
Wages - operational
Social security - operational
Carried forward		 2024
£
135,670
-
135,670
113,241
-
90,181
234,441
64,881
145,000
534,503
783,414
14,572
111,747
10,382
2,348
12,521
136,998
898
3,928
973
5,799
319,444
16,032
335,476		 2023
£
135,214
2,295
137,509
200,509
3
10,716
150,494
-
-
161,210
499,231
32,572
139,513
10,244
2,972
-
152,729
49
3,830
12,875
16,754
164,065
6,396
170,461

This page does not form part of the statutory financial statements

Page 24

Stockport County Community Trust "formerly The Hatters Project Limited"

Other
Brought forward
Pensions - operational
Hire of equipment
Insurance
Postage and stationery
Sundries
Motor expenses
Entertainment
Direct Costs
IT Software and Consumables
Staff welfare
Venue Hire / Rental
HAF Food & Activities
Sports & Therapies
Fixtures and fittings
Computer equipment
Total resources expended
Net income		 Detailed Statement of Financial Activities
for the Year Ended 30 June 2024		 2024
£
335,476
4,746
6,575
464
3,931
6,224
14,785
2,643
-
97
446
23,593
9,276
33,452
310
1,120
443,138
600,507
182,907		 2023
£
170,461
2,178
-
578
3,831
911
27,765
2,069
21,602
-
-
-
-
-
-
1,160
230,555
432,610
66,621

This page does not form part of the statutory financial statements

Page 25