Re9Bter number.. 03796679 Charity number.. 1198600 SHROPSHIRE FOOTBALL ASSOCIATION LIMITED UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 WR Partners Protecting your future.
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED IA company limited by guarant8el CONTENTS Page Reference and a(Iminislrativ¢ details of the Charitable Company. its Tnjstees and advisers Chairman's staternent Trustees. report Ind•pend•nt •XamIn•S r•port Statemenl ol flnancial activities 10 8alanc• sh•8t Notes to th• flnan¢l•l ¥t*tements 13-26
SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA company Ilmlted by guaffanteel REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITA8LE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2023 Trustee D J Simpson, Chair H A Davies (resne(l 8 D8¢emtéf 20221 R Hames Z Hanningion lapprynted 21 February 20241 K HeSeIDe lapwnted 21 February 20241 E Jones lappointed 6 March 20231 A Mannion (resigned 30 September 20221 l J Pfjce D Flegis Irèsonèd 25 January 20231 M G Tranler Ires¥ned 3 October 2023} L J William5 Company r•gl8t•r•d number 037679 Charlty regl$t*rod umber 1198600 R•gl8t•rod ofllc• The Wesl Stand Bucks Way AFC TeNord Utd Telford Shrop5hire TF12TU Company •e¢ary M Murphy to 20 06 2023 Z Grrffiths Iw 20.C6.2023 Chl•f •x•cutlv• officèr A Weston Accountants WR Partner5 Chartered A¢¢ounlants Belmonl House Shrewsbury Businèss Park Shrewsbury Shropshire SY2 6LG P4è1
SHROPSHIRE FWT8ALL ASSOCIATION LIMITED IA company lirniied by guarantee) CHAIRMAN AND CEO'S STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 The chairnian presents his statement for the year. 2023 was a year ol challenges and dealing with the bss of our friend and colleague Mick Murphy, Mick's contribution to football in Shropshire wll be remembered for many years to come. The Board of Trustee5 are again paSed lo report that we remain ir a very stable financial posrtion at the end ¢1 Junè 2023 and are grateful lor Ihe work ol our Finance Sub Group oversee the company's finances This will b6 thè first full year of operating as a Cttaritable Trust and the Board ol Trustees will be submitting a full report of Its charitable aclivitie5 and developrnent projects Our staff hava ba6n facèd with many difficulls. morale al a èL following k'S bss and some our staff deciding lo move to paslurtrs Andy Weston was apwinied INlerim GEO wrth a bnef to -StruCtUre. stabilise and rebuild morale It will be necessary to makè ¢haThJ•s in Ouf opèrÈtions, in line with Ihe FA. revised strategic and financial plans Wè shall continuè to ensure that we prioritise cpérating In a ¢osl Éffective way. lor our Leagues and Clubs, and indeed all those that partlp?1• In football wrthin Shropshire A very irnportant piece ol wcrfk is now gathering momenlum for Ihe Shropshir8 FA lo becoma fully compliant with the FA'S Cocje of Governance lor football. Progress Initially has been slow but a plan Is now firmly In plac• lor full compliance during 2024 1 arn also pleased lo announce that during this peri(xJ we once again passéd the annual Safeguarding Assessment conducted by the NSPCC th no issues or condits'ons to report. Work Is still ongoing tts esiablish the Ctsunly FA'S cwn Fotstbaii Deveiopmenl Centre wth dr6cussions taking place with v¥ii¢us parties Inelvding Education and the County's Local Aulhorities As Trustaès wè strivè to ba lulty Inclusivè to ev¢ryon& in Shropshiro. rty8r¢yl¢ss of ability. 9ender. age or ethnicity and are ab t¢ take part In the 9ame ol football If they so wish The new season will soon be on u5 and this past year has betrn ontr ol rtrlledion note our a¢hiev•ArteAi$ and look 1¢ our ambilions lor the future. Dav6 Slmpson Chalrman, Shropshire Football Assoclatlon The CEO pre3ents his report for the year. Having taken over a$ Interim CEO In May 2023. 1 oversaw the last few weeks ol the financ1 year and ensured the organisalion mel rts obje¢¢ive5 fr¢ a governance peTspective. Overall th& yèar has beèn a success The staff organisèil a hugèly suecèssful County Cup cornpelition pro9iamm•. culminating in 17 cup firnals ovèr a perKKI. The feedback received from these cup finals from clubs and maich officials has been very posrtive. The staff worked èxtiernely hard in difficult circumstances to •nsur& thesè were high-quality èvents. We are now entering the last year ol our strategy and continue to meet and in some cases exceed our KPI'5 that are sel by the FA lo secure our furnding. these can be seen later in this report This year we have succe5sfulty run the Salop Leisure League we have set up a Walking Fo)tball League. As of next season, we bwll have a Women's League back In the county I would like to say a huge thank you to everyone who makes grassroots fwtball happen across the County. Andy Weston CEO, Shropshlre Football A550ciatlon Page 2
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2023 The Trustees present their annual report togethèr with the financial statements ol th8 charrtab Company for the year 1 July 2022 10 30 June 2023. The Annual report seNes the purposes of both a Trustees, report and a directors, report under company law. The Trustees confifm that Ihe Annual report and financial 5talernenls of the charitsble company compty wilh the cvrrenl statutory requirements. the qUIrementS of the charitable company's governing ¢Jocument and the provisnS of Ihe Statement ol Recommended Practice ISORPI applicable lo charrties preparing their accovnts In CdanCe with the Financol Reporting Standard applicabl8 in the UK and Republr of Ireland IFRS1021 (effective 1 January 20191. Since the Charitab18 Company qualifies as small und8r seCtn 382 of th8 Companies Act 20C6. the Slrateg report required of medium and large companies under the Companies Act 2006 (strateg Report and Directors. Report) R6gulations 2013 has been omitted Shrop5hire Football A550ciation Limrted (Company No 037%6791 regi51ered with the Charity Comrni55ion on 12 April 2022. Obl•cllves and actlvltl a. Pollcl•8 and obj•ctlv•8 The Association's obio¢ts are for the public benelrt 9trnerally but vnth particular reference lo the inhabitants ol the ¢C>unly and it$ surrounding areas lo promote, develop and support community participation in healthy recreation by providing or 8S6lSting In th8 provision ol lacililies for the playing of the and 5uGh other sports or phy$i¢al a¢tivilie$ whh improve frtness and health Ilacllltl•s In this Artic means 18nd, buildings, equipment and organising sporting activitwl. 10 8dvance amateur sport by promoling the arnateur pk8ying of Ihe game and such othèr sports or 98mes whi¢h promote health by involving physical or mentsl skill or extrrtion and which are undertaken on an amateur basis, 10 advan educ8tion (including academic and physical educattonl by swh means as the Dire¢tors Ihlnk fit including by.. hèlping and educating children young people by providing faeilitie6 for the playing of the game and other sports as to develop their physical. menlal and socrdl capa¢ibes thal they may grow to full maturrty as indtviduals and members ol the cornmunily. helping and educating persons Invotved in the coaching andlor refereeirKJ of the game by providing relevant tuition andlor resour.. lo relieve people wrth disab1lrts. rnIng difficurties or illealth by the provision of facilities for th8 playing of the game and other sporl. CreatIon or leisure time occupation in the intere5t5 of social welfare and wrth the objeGI of ryjroving the ndrtionS of lrfe of such people. Our Vision 15 to create opportunrties to empower and inspire people to enjoy football and our Mission Is to lèad, promote, develop and suppgrt Iilelong Gommurnty pathGipatioN through football. In setting objeclwe5 and planning for actiwties. the Trustee5 have given due consideration to general guidance published by the Charty Commi$5ion rel*ing lo publ benefrt. includiry the guidance'Public benefit. running a ¢harty IP821'. Page 3
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2023 Objectlves and aclivits (continued) b. Strategies for achieving objectives En5urin9 Football Is Safe l¢r All Implement the Respect PrcwJramme across all League5 Create 8 voice for young people across the county lo ensure they are list¢nd to Provid8 bespoke Aclion Plans lo all clubs io support safeg(rdIng visrts Develop a 5UPPQrt package to 5aleguaid youn9 referees Continue to adhere lo safeguarding legislation and wuking wrth statutory agencEs 21 Mvdernise Iwlball across Shrop$hire Embrace technology for the benefrts of our mernbers to improve grassrty)ts administration Use effective data and insight to inlorrn deciyon making lor the benelil of development ol Itball in Shrop5hire Supptsrt Shropshire FA member clubs and leagues to recover frryn the pandem and return to football Lgad and support clubs towards a greenei and sustainJle carbon fcotpnnl for football 31 Cfeate EffeclSve P8rtnarships Shropshire FA to work with partners rThgre efftrctively lo enable and fa¢ililale furthei fts)Iball and health opportunitiès Creat effi¢K•nl delivery sy$lem$ a¢ro$$ Ihe County to serve the game Ensure Shropshire FA and its members have suslain8ble business models Work collaboratively wilh cornmercial partner5 to Increase revenue to support the game Develop a PR stralegy lo raise Ihe profile ol Ihe County FA to maximise opportunities 41 Develop and Sustain High Quality Football Opportunities for All We will provide a player Paihway for all age$ and abilities We will provide inclusive opportunities and environments for parlicipants from all b8ckground5 Provide new opportunilies lor Ihe Iransrfion from Youlh to Adull football Provide Support and guidance lo develop arKI raise siandards of Coh&S. Volunte¥rs and Offi¢ial$ 51 To provide enhanced fcx)tball facilities rO$S the county We will ensure acce$5 to a quality gras$ pitch for every part1Pant We will endeavour to increase provision of 3G facilities acioss the County We wll work with key partners including Educaticffl partners to provide modem. accessible. and compliant facilities and Infra slructure Roll out PilchPower across the County Deliver Ihe Local Football Facility Plans ILFFPI 61 Review. Administer and Improve Ihe running of Ihe game across the County We will ensure that we piovide a slrong and transparent governance structure across the County in line with our values Create a Youth Board to rnake sure Ihe next generation are Involved ln decision rn8king To ensure that the County FA al all levels has a diverse and representative workforce reflecting the needs of the County Provide high qualrty administratK)n and first-dass customer excellence to our Members Page 4
SHROPSHIRE FOOTBALL ASSOCIATION UMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 JUNE 2023 Objecti¥o8 and activities lcontinuedl Deliver an¢Y utilise our Charrtable sLitus for Ihe benefrt of peopk in Shropshire Work with other ¢harrties aThY other ¢r9antsons with common 9oals for the fttrrtherance of football in Shropshir Develop a long-term financial strategy for the County FA through income dNersrfication and invastmant strategies Ensure we mèet the rèquirèmenis ol thè Charity Commission Improve the Iivtrs of popl$ in ShropshireEntsi text hers- uwr input A¢hl•v•m•nts and p•rfofmanc• a. Main a¢hiev¢ment$ of th¢ Charltabl¢ Comyny This year has seen the A$stxialityn Contin to rurn a hugety su¢cessful Adult Salurday League. The Salop Leisure League. wrth 2 divisions and an u18 section A Women's league has been creal8d along with a Girls, College and 6th Fom League. a Men'$ Walking Football League plus an increase in our Oisability loolball provision h85 been a¢hÈved 17 hi9h-qualrty Cup Fir)als were delire4 with ex¢ellenl PR and Social Medi8 Cov8r89e. In total there are 10,272 male pLayers. 2. 272 fema play6rs an(J 158 player in the disabilty p¥lhway. Anolh•r 184 r8lerees were recruiied1154 male and 30 lemalel, this resulted in a overall fi'gure 01392 re9lStgr&d referees, with 14 gaining promotion. This equales to 170 clubs. 1(Q teams being supported by a n&twork ol around 8000 volunteers. A Record nurnber of 221 entries were receNed Grassrw¢s Awards and a successful awards evening was held and 2 referees won National Awards. A lo1¥ rea¢uedrtJtKJn was achieve(I by Shrop6hire Clubs during the $ea3on and 2 league5 were awarded 8c¢redrted status. 11 club5 re¢eiv$d su¢ce$$fvl $af¥9uarding vists ond 96.5 % of all youth team$ h8v• a qualrfied ¢08ch. Fin¥ncll review . GoSng concern After m8king appropriate enquiries, the Trustees have a reasonab expectation that the Charitable Company has adequate resources to continue in operational existence lor the foleseeab future. For thig raason, thèy continue lo adopt the going conrn basis in prepariro the financial 5taternents. Further details regarding the adoption of the going concern basis can be lound In the accounting polic5. b. Reservos pollcy Shrop$hire FA maintains free rese)ves lo fund potential new initiatives IlIjdIng new headquarters 8rnd 85 a shielrl against any future downtums or unexpected expendrture. The trustees have established a polity of currently maintaining reserves at a 6 month operating level. This is reviv•4ed annually and is amended as perceptions of risk and other tsctors change Free res&Nes comprise of unrestricted fund5 less desynated fullds and fixed assets. At the end of the financial year the free reserves balance sl(xxl at £251.978. Total funds were £607.216. of which £8.266 were reslricted. Page 5
SHROPSHIRE FOOTBALL ASSOCIA TION LIMITEO {A tompany limhted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2023 Structure, governance and management a. Constitution Shr¢pshire F¢olba15 Association LTrmrted is registered as a Charilab company lim1t8d by guarantee and w85 Set up by 8 Mernorandurn ol As50ciatKM dated 24 May 2021 and xcepted by the Charity Comission on 12 April 2022 b. M•thod$ of appointmént or ol•¢tbon ol Trustees The ManagenI ol the Charitable Company Is thè responsiblity of the Twstges who are 8lact8d and co-opted under the terms ol the Memorandum ol Associalion. Plans for future rIOdS 1. Write new 4 Year Business Strategy 2. Achieve Code ol Gov•manc8 3. Achieve a Preliminary Level of Equalrty Standard - IAG 4. Achieve Safeguarding 365 5. Identify potential new siles lor Shropshiia FA 6. Expand Men's Walking Football Leaguè Increase Women's Football Participation Page 6
SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA company Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2023 Statement of Trustees. r•sponsibilitl•s The Trustees (who are also the directors of the Chantable Company for the pUryse9 of company lawl ar8 responsible for preparing the Trustees. report and the financial staternents in accordance with appIable law and United Kingdom Accounting Standards IUnrteLI Kingdorn Generally kcepted Accounting Practi1. Company law requires the Trustees Io Pfepare financial slalements for each financial year. Under company law. th8 Trustees must not 8pprove the financial slalements unless they are satisfied that they giv8 a true and fAii view of the stale of affairs ol the charrtab Company and of it5 incoming resources and application of r8sourc85, Inclj1ng its income and expendrture. for that period. In prepanng these financial slaiwents, the Trustees are require(J to.. select suitable acLounting policie5 and Ihen appty them ¢on$istontly". observe th8 methods 8nd principles ol thè Charities SORP IFRS 1021., make judgments and accountirng eslimales Ihat are reasonable and prudent, state whether applicable UK AccountirrtJ Standards IFRS 1021 have tn followed, subject to any material departures disclosed and explain&l In the financi81 $i¢m¢nt$'. prepare the financial $talemenls on thé going ¢on¢wn basis unl8ss rt is inappropri0 lo presume that the Cttanlable Coryany will ¢ontinue in business. The Trustees are responsible for keeping adequate COUntIng recortts Ih8t are Sufficient to show and explain th8 Charitable Company's transaclions and disclose wilh re850nabb rarY al any time the financial posrtion of the Charitab18 Company and enable Ihem to en511re Ihal the financial Statements ciynply wrth the Companies Act 2(M)6. They are also re$ptsnsib ltsr safèguarding Ihtr as*$ of Ihe Ch¥fitable Company and here for taking r8asonable step5 for Ihe prevenlKJn and defedn of fratjd and other irregularities. Approved by order of th¢ memb8rs ol the board ol Trustees and swJned on their behaw by D J Siwnp$on (Chair of Trusleesl Date. 2110312024 Page 7
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023 Independent examlner's report to the Trustees of Shropshlre Football Assoclatlon Limlted Ilhe Charitsble Company'l I report to the charity Trustees on my examinion ol the accounts of the Charitable Company for the year ended 30 June 2023. Rèspon$lblli¢i•¥ and ba51$ of report As the Trustee5 of the Charrtable Compafiy land its difectors for the purposes of company I) you are responsible for th& praparation ol the accounts in accordanc8 with the requirements of th8 Companiés Acl 2006 I'lhe 2006 Acl'l. Having $811s1ied myseff that the 8ccovnts ol the Charrtable Company are not required lo be audited under Part 16 01 the 2m6 Act and are eligibl8 lor indep8nd8nl examinalion. 118POrt in r85P8Ct ol my examination of the Chaiilable Company's accounts carried out under sectv)r 145 of ltte CharItS Act 2011 1.the 2011 Acl'l. In carrying out my examinK)n I have lollowed the Diredions given by thè Chanty Commission under se10 14515llbl ol the 2011 Act Page 8
SHROPSHIRE FOOTBALL ASSCCIATION LIMITED
IA company limittd by guarnnteol
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2023
Independent examinerfs ¥tatement
Since the Charrtable Company's gross income exceeded £250.CMJO your eMIner must be a member of a body
listed in section 145 of the 2011 Act. I confirrn th81 18m qualified to undertake the examination because l am
member ol ICAEW. whh Is one ol the listed bodies.
I have completed rry examination. I confirm Ihat no matters have come to my attention In ¢onneGtion with the
examination giving me cause to believe.
accounting r8cords w•r• not kèpt in respècl of the Chanlable Company as rnquir•J by settn 386 of ltte
2006 Act", or
the accounts do not &cord with those 0rd5'. or
th8 accounls do not comply with the accounting requirements ol section 396 of tha 2006 Act other than
any requirement thal the accounts give a 'true and fair, v*w which is not a matter ¢onsidered 85 part of
an independent examination.. or
the accourtls have not btren prepare
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED IA company limited by guaranteel STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 JUNE 2023 Restricted Unrestrlcted lunds funds 2023 2023 Totsl funds 2023 Tolal funds 2ff22 Note In¢omg from- Donations and legaciès Charrtable activrt1es Other trading acliviii&$ Investrnenls 17.803 242.244 225.021 75 260,047 225,021 75 254,873 192.511 3,544 75Q Total Income 17.803 470.684 488,487 451.678 Expendlture on.. Charitable aciivilie5 9.537 433.717 443,254 373.873 Total •xp8ndlturo 9.537 433,717 443,254 373.873 Net Income b8for8 nèt Ilo$$trsVgain$ on Inv•gtm•nt$ Nei Ilossesllgains on inveslments 36,967 1651 45.233 1661 77,805 7 10,882 Net movement In funds 8.266 36,902 45.168 788,687 Reconclllation of lunds.. Total funds brought forward Nel rnovemenl In funds 2,048 36.902 S62.048 45,168 373,361 188,687 8,266 Total funds carrl•d fomard 8,266 598,950 607,216 562 048 The Statement ol financial adivilies indudes all 98ins and bs8e3 recogn15ed in the year The notes on pages 13 10 26 form part of these financial statemenis. Page10
SHROPSHIRE FOOTBALL ASSOCIATION UMITEO IA company limited by guarantee) BALANCE SHEET FOR THE YEAR ENDED 30 JUNE 2023 2023 2022 Note Flxod a858ts Tangible assets Inve3lmen15 12 13 2.632 340.000 3.362 342.632 3,362 Current assets Debtors Cash at bank an¢1 in hand 14 58,830 240.823 4, 185 569, 130 299,653 573,315 Credit¢rs. amounts 18lling due wrthin one year 15 136,0691 (14,629) Net current 888•ts 558.686 Total a8SOts less current Ilablllt5es 607.216 562,048 Total net assets 607,216 562,048 Page11
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED {A company limiled by guarant) BALANCE SHEET ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2023 2023 2022 Charlty funds Restricted funds Unrestricted funds 16 16 8,266 S98.950 562.048 Total lund8 607,216 562,048 The Charitable Company was enlrtled to exemptDn Irorn audri under section 477 of the Companies Act 2006. The members have not required the company to obtain an audrt for the year in question In eux)rdance with section 476 01 Companies Act 2006. The Trustees 8¢knowledge their responsibilities for complyirs wrth the qUiTnetS of the Act with respect to accounting records afKI preparation ol financial 5taternents. The Iin8n¢ial $18temenls have been prepared in ¥¢cord8n¢e with Ihe provisions aFplicable lo enli1$ subject to the sm811 companies regime. Th& financial statements wer& approved and authonsod for issue by the Trvsle¢s and signed on their behalf by.. D J Simpson Ichair ol Trustees) Dale.. 2110312024 The notes on pages 13 10 26 lorm part of these financial siaiemenls. Page12
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED IA company limrt¢d by guaran) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2023 Gtrneral Information Shropshire Football A$scLat)n rnited Icompany No 03779) regtstered with the Chanty Commission 12 April 2022 to convert from a prwate Imrted company to a Charitable Company limited by guarantee. It is incorporated In England and Wales. with a registered office address and principal place ol business at The New Stadium. Oteley Road. Shrewsbury. Shropshire. SY2 6ST. Ae¢ountlng pollcl•s 2.1 Basls of preparauon of flnanclal statements The financial statemen15 have been prepared in accordance wrth the CharTties SORP IFRS 1021- Accounting and Reporting by Charities Staterrent of Recommended Practice applicable lo charitS preparin9 their accounts in accordance wrth the Fin3nci31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. Ihe Financial Reporting Standard pplicable in Ihg UK and Republ of Ireland IFRS 1021 and thè Compani85 Act 20C6. Shropshir8 Fts)tball Asscciation Limit meets tha definition of a public banèfit enlrty under FFIS 102. Assets and liabilities afe inrtially recognised at historical cost or tons8Ction valu8 unless OtheiS0 slat•d in the relevant accounting policy. 2.2 Golng concern Thè Trustees have ¢on$itJered the going nCeM basis of thè financial staiwnents preparation and have concluded that the Charrtable Company has •Jequa* $re5 to continue in operational existen¢& lor ihè lor8s8éablè futurè. They ¢ontinue to adopt the going ncern basis of a¢c¢unling in prtsparin9 the financial $t8tements. 2.3 In¢om• All income is recognised once the Charrtable Company has entrtlement to th8 Income, rt is probablè that the income will be received and Ihe amount of income receivable can be measured reliabty Grants are Included in the stsiemenl of finan¢ial ¥¢tivitio5 on ¥ recewable basiB. The balance of incorne received for Specific purposes bul not expended during the period Is shown in the relevant funds on the Balall sheel. Where Inc(xne 15 recewed In ajvance of enlitlemenl of receipt. its rerognrtion is deferred and incfu¢Jed In credrtors as deferred income. whe entitlernenl cKcurs before incorne Is received. the income Is accrued. On receipt. donated goods and seWIS are recognised on the basis ol the value of the donation to the Charitable Company whh is the amount It would have been willing lo pay to obtain services or facilrties of equivalent econcffiic benefrt on the market a correspwding amount Is then recognised in expenditure In the pèrii)d of ieceipt unlèss it is Impractical to measure this reliably Income tax rècoverab in rel8tK)n to inveslment income is recognised at the time the inveslmenl ineomè is rèceivab. Page 13
SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 AccountSng pollcles IcontSnuedl 2.4 Expendlttsr• Expendrture is cOgnised orbce there is a leg31 or constructive obligation to transfèr 8conomi¢ benefit to a third paty, It Is probab that a transfei ol economie benefits will be required In setllemenl and the amount of the obligation can be Measu reliably Expenditure ig classified by activity The costs ol each activity are made up of the total ol direcl costs and 5hafed costs, including support costs involved In undertaking èach activity Direel costs attributable to a Single activity are allocated directly lo that activrty Shafed costs whh contribute lo more than one activity and support costs which are not attributable lo a singÈ aciivity are apportjoned between those activilies on a basis Consistent wrth Ihe use of resources Central slaff costs are allocal8d on the basis of li1r 5penl. and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities 15 incuried on directly undertaking the activities which further thg Charitable Company's objectives, as well as any associaled support costs. All expenditure Is inclusive of irrecovefable VAT. 2.5 Int•r$$t r•¢trlvobl• Interest ¢)n fvnds held on deposrt 1$ Included when rKetvable and the amount Gan be measured reliably by the Charitablè Company, this Is normally upoTh noirfKation ol tha inieiest paid or payable by the institution with whom the funds are deposited 2.8 Tanglble flxod 888èt8 and d•pr•cl#tlon Tangible fixed assets costing £100 or more a capitalised and recognised when future e¢onomi¢ benefits are probable and the cost Of value ol the asset can be measured ffjlkqbly. Tangible fixed 8ssels are initially recognised at cost. After recognition, under the cosl model, tangible fixed assets are measured at cost less accumulaled depreciati)n and any accumulated Impairment losses All costs Incurred to bnng a tangible fixed asset inlo its intended working condition 8houl¢J be Included in the rrea5uiemenl of c05t Depre¢ialion 1$ ¢har9ed so J5 lo allocate the $t of tangible fixed a55et5 less Iheir residual value over their estimaled useful lives. Depreciation Is provided on the follLMwng basis" Officè èquipment - 25% réducing bal¢ 2.7 Investments Fixed assei Inveslmenls are slated at market ¥alue at the Balance Sheet date Any movements In market value arising during Ihe year are shcwi as unaliSe(j gains of losses In the Statement of Financial Activities The Investment releS to property purchased during this financial year arKJ is valued using a directors. eslimaie ol the maikel value 2.8 Debtors Trade and other debtors are recognBed at the settlement amount after any trade discount offered Prepayments are valued at the amount prepa net of any trale discounls due Page 14
SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA company limrted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accounting policies Icontinued 2.9 Cash at bank and in hand Cash at bank and in hand incIe$ cash aThJ short-term hvJhly liquKI Investments with a sh maturity ol three months or less from the date of acquisrtKn or opening of the deposit or simi18r a¢unt. 2.10 Liabilitios Ind provi$ioni Liabilitie$ are re¢ognKse<l wh$n there 1$ an ¢brigati¢ ai the Balance sh1 date as a result ol a past 8vanl, rt IS Pfobable that a trarnslèr ol economic benefit will required In 8ettlernent, and the amount ol the sattlemènt can be estimated reliably. Liabilitie$ ar8 recognisfjd at the amount th th¢ Chaniable Company anli¢ipale$ Il ill pay lo settle the debt or the amourl il has received as advanced payments for the good$ or seNices il Tnusl provide. 2.11 Fln4n¢lal Instruments The Charitable Company only h35 financia1 a55et5 and financial liabilities ol a kind thal quallfy as basic financial instrum&nls. 8a$i¢ linan¢ial in$lrument$ aro Initially recognise(J at transaction value ond $ubsequgnlly mea$ur¥d ai thtrir setlbrntnl value wilh thtr oxception of bank loans which are subsequenlty measured al amortised cost usng the effective Inlerest method. 2.12 Penslong The Chari18ble Ctynpany operates a defined contributJn pension scheme aThd the pensv)n ¢harg represents the arnounls payzljle by Ihe Charrtable Company to Ihe fvnd in respect ol the year. 2.13 Fund aeeovntlng General funds are unrestrict8d funds which arè available for use at the dis(xelion of the Tru5teeB in furtherance ol the general obpctives of the Chantable Company And whith have not been designated lor other purposes Designate(J funds comprise unre5tncted fvnds that have been set aside by the Trustees for particular purposes. The aim and use ol each designated fund is set oul in the notes to the fin8nC181 $tatement$. ReStrted funds are lund5 which are lo be used In 8ccordance with specific restrictKJns imposed by donors or which have been raised by the Charrtable Company lor particular purposes. The costs of raising and administering such Ivnds are charged against the Spe¢rf fund. The airn and use of each restricted fund is set out in the notes to the financial slatemenls. Investrnent Income, gain5 aThJ losses are alked to the appropna¢e fund. Page 15
SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA company lirnited by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Income from donations and legacies Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tolal funcls 2022 Donations Grants 23.180 219. 23.180 236.867 1,223 253.650 17 803 17.803 242.244 260,047 254,873 Tolal 2022 254.873 254,873 In¢om* from ¢harltsble •¢tlvltlos UnMstrlet•d funds 2023 Total funds 2023 Tol81 funds 2022 County FA affliations Cup entry fees & gate Income Leagues Oi$¢ipline Referee courses Fc¢lball development Coach education Service5 Insurance Other income 33.737 8.618 15648 50,385 20,614 6,125 23,128 33,737 8.616 15,648 50,385 20,614 6,125 23,128 31,087 5,644 14.496 54,030 13.161 840 71.139 62 648 4.120 62,648 4,120 48.602 5,512 225.021 22S,021 192,57 1 Total 2022 192.511 192,511 Page16
SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA company limlted by guardntee) NOTES TO THE FINAhlCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 In¢ome from other trading activiiies Income from non ¢hiritsblt tradfing a¢ll¥ltlas Unrestrt¢ted funds 2023 Total funds 2023 Total lunds 2022 Sales 75 75 3,544 Toial 2022 3,544 3,544 Investment incom• Unrestri¢ted funds 2023 Total fund$ 2023 To181 lunds 2022 Bank intere$l T50 Tot812022 750 759 Analysls of expenditure on Chaiitable attlvltles Summary by fund typè Restriettd Unrèstricted lund8 funds 2023 2Q23 Total 2023 Tolal 2022 Charitable aelivrties 9.537 433.717 443,254 373,873 Total 2022 3T3.873 373.873 Page 17
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED IA Company limitod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Anilysis of expenditure by aclivities Activities undertaken dSrectly 2023 Support costs 2023 Total fvnds 2023 Total funcls 2022 Charrt8ble activrtl85 99.085 344,169 443.254 373,873 Tol812022 80.519 293,354 373,873 Analysis ol direcl cost$ Charitabl• 4cllvtiles 2023 Total funds 2023 Total lunds 2022 Leagues Referee Courses 7.989 10.161 5420 419 55.616 10363 9,117 7,989 10.161 S.420 419 65,616 10,363 9,117 3,590 13,824 7,423 3,055 42,578 10,049 Fo¢ib811 Development Cch EducalK)n Insurance Cup Expenses Rèferee & Mentor Payments 99,085 99,085 80.519 Tolal 2022 80.519 80.519 Page18
SHROPSHIRE FOOTBALL ASSOCIATION LIMrrED IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Analysi$ of ¢xpenditur¢ by a¢tivitlos l¢onllnu•dl Analysls of support costs Charitable •¢ti¥itiOS 2023 Total funds 2023 Total funds 2022 staff co815 Dèpreciation Services Insur8n¢e Travel Expenses Leases Rent & Ulililies Adminislraiion & Postage 230.846 1.005 18,383 6.352 4,770 1.528 21.916 5.160 647 3,649 9.112 6,694 2.472 6,559 20.681 4,395 230,846 208,483 7.307 12,242 7,416 5,117 3.886 2. 682 3, 688 3,911 3,827 1.544 5, 779 2,564 2,520 24,398 3,990 18,383 6.352 4.770 1.528 21.916 5,160 Refreshments Other Staff Costs Communications Bank Charges Prolessional Fees Other Expen¢Jiture Governance costs 3,649 9,112 6,694 2,472 6.559 20,681 4.395 344.169 344.169 293,354 Tolal 2022 293.354 293.354 Indep•ndent exarniner's remuneratio 2023 2022 Fee5 pay8ble to the Charitable Cofftpany's Irmlependent exawniner loi the independent exarnin81ion ol the Chaiitab Cc¥npany's annual accounts Fees payable tts thè Charrtable Comparnvs independent examiner in respect ol." All taxation advisory semces not included above All othei services not includèd above 860 1,600 830 4.565 Page 19
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED IA company liThi¢ed by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 10. Staff costs 2023 2022 Wages and salarEs Social security costs Conlribulion to defined contribution penSn schernes 212,317 13.965 4.564 188,522 75. 705 4.256 230.846 208.483 The 8ver8ge number ol persons empk)yed by the chatab Company during thè y83r was as follows 2023 No. 2022 No Ernployees No employee received remuneration amounting lo more than £60.th)O in either year. Key Manageftnt Personnel total remuneration totalled £38.%3. This indudes gross wages plus ernployer Nl and pension contribulions 11. Trustees, remuneratlon and expenses Durin9 the year, no Trustees eNed any remuneration or other benefrts12022- £NILI. During the year the Chairman. D J Simps¢n was paid a honorarium ot £1.000. During the year ended 30 June 2023, expenses lolalling £NIL we reimbursed ¢y paid directly lo Trustee12022- £NIL lo Truslegl. Page 20
SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA company limite(I by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 12. Tanglble flxed assets Offlce equipment Cost or valuatlon Al 1 July 2022 Addit$ Di6posal8 50.188 1,324 145,6991 AI 30 June 2023 6.813 Depreciation At 1 July 2022 Charge for the year On dispos818 46,826 1,005 144,6501 At 30 June 2023 3,181 N•t book valu• AI 30 June 2023 2,632 AI 30 June 2022 3,362 13. Flx¢d asset investments Propèrty investment Co$t or waluatlon Additions 340.000 AI 30 June 2023 340,000 Net book value AI 30 June 2023 340.000 Page 21
SHROPSHIRE FOOTBALL ASS(KIATION LIMITEO IA cornpany limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 14. Debtors 2023 2022 DUÈ wlthlrt one year Trade débtors Other debtors Prepaymen15 and wXrLd inccrfne 49,696 7,375 1.759 369 3,825 68,830 4.185 15. CrltOrS. Amounts falllng due within on• y•ar 2023 2022 Trade creditor$ Other laxalion and social securily Pension liability Accruals and deferred Income 26,622 3,381 1, 772 5.242 1.693 6.012 S,066 35,069 14.629 Page 22
SHROPSHIRE FOOT8ALL ASSOCIATION LIMITED IA company limit•d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2023 16. Statement of funds Statement of funds- curront ygar Balance at 30 June 2023 B8lan¢• at 1 July 2022 Tran51ers Inlout Gainsl (Losses) Incom* Expgnditur• Unrestricted funds D•8lgnat•d funds BenevonI Fund 1,863 17501 3,227 General fund• Reserve8 $60,185 416,786 1379,0691 13,2271 {651 $94,610 Total Unrestrlct8d funds 562,048 416,788 1379,819) 1661 698,950 Re¥tri¢ted fund5 Squad Girls Wildcats Ju$1 Play Match Day Coaching Walking F¢)Otball 5,750 700 ns 11.2001 16001 4,550 100 776 (5401 14631 1819) 181 Grass Prtch Support Football Delivery Male Pathway Paralalent McDonalds 1,1)00 1,000 3.12S 12.3231 12.9921 802 850 {6001 17,803 19,S371 8,266 Total ol funds 562,048 434,589 1389,356) 1651 607.216 Page 23
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2023 16. Statement of fund5 Icontinuedl D¢$ignaiÈd fund$ ¢on$ist of= Benevolent fund - used lo help lo(rtball parti¢ipanls that are in need R•$trlct•d funds conslst of: Squad Girls. FA Grant to pass on lo club5 that provmle a provisKJn for girfs foolball aged 12-14 Wildcats- FA Grant to pass on to clubs that provide a prowsM)n for girls football aged 5.11 Just Play. FA GraTht to pass on lo clubs that provide a provision for Just Play Match Day Coaching - FA Grant to support releree rnentors Walking Football - Grani from Energise to support a provision of walking f¢xtb¥ll Disability - FA Granl le support disabilrty footb811 wrthin thè county Grass Pitch Support- FA Grant to support grasspitches wrthin the county Football 08livery- FA Grant to support the delIry of football wrthin the county Male Pathway - FA Grant to support the delivery ol male football bwthin the county Paralalenl . FA Grant lo supput disabilty foolball wilhin the county McDonalds- Sponsorship from McDonald's resturant to hosl the shropshi FA 8ward5 evening Page 24
SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA company limit by guardnto8} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 16. Stat•m•nt of fund¥ (continued) Statement olfunds- prior year Balance 81 30 June 2022 Salance al l July 2021 Unrestrlcl•d funds D8slgnat•d lund$ Benevolent Fund 7,863 1,863 G•n•ral iunds GeTheral Funds 371.498 188, 687 560, 185 Total Unrestrlcted fund$ 373,361 188,687 562,048 17. An¥ly$l¥ of not assets bet¥0n tund$ Analysis of n•t a8s•ts b•n lund¥- current year Restrlct•d Unrestrlcted lund$ funds 2023 2023 Totsl funds 2023 T8n9ible fixed assets Fixed asset Investments Current assets Creditors (Jue within one year 2.632 340.000 291.387 {35.0691 2,632 340.000 299,653 135,0691 8.266 Total 8.266 598 950 607,216 Page 25
SHROPSHIRE FOOTBALL ASSOCIATION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
17. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 3,362 573,315 (14,629) 562,048 |
Total funds 2022 £ 3,362 573,315 (14,629) 562,048 |
|---|---|---|
18. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £4,564 (2022 - £4,256). The sum of £nil (2022: £1,603) was payable to the fund at the balance sheet date and is included in creditors.
19. Related party transactions
There were related party transactions involving three trustees during the year.
The son of D Simpson, Trustee, was employed by SFA during the year, at a cost to the charity of £15,125. He is no longer employed by the Charitable Company. As disclosed within the Trustee Remuneration note, D Simpson received an honorarium of £1,000 for his role as Chairman.
M Cole, Trustee, is a Director of a TJ Vickers, a car dealership. £3,195 was paid by SFA to T J Vickers, as lease payments for a vehicle, with £1,667 received back by SFA when the agreement was ended. TJ Vickers have also provided a van for the use of SFA. This has not been accounted for within the Statement of Financial Activites as the charity can not reliably quantify the benefit.
Expenditure of £500 was made for food for a Christmas Food Bank run by AFC Telford, of which I Preece, Trustee, is employed.
Page 26