R•glstered numbor: 03796679 Charlty number: 119B600 SHROPSHIRE FOOTBALLASSOCIATION LIMITED UNAUOITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
SHROPSHIRE FOOTBALL ASSOGIATION UMifEO (A company Ilmked by guarart••l R•f•r•ne• and adm5nlstratlw dalalls of th• ChaTltabl• Company, Its Truste•s and advls¢rs Chalmian and CEO'S slatfrments Trujtees. report Independent ex4mlngrf3 report Stalgment of IlnanGI?l adfvrtle 10 Balance sheet 11-12 Natés io thè financlal ststoments 13.26
SHROPSHIRE FOOTBALL ASsOCT UMrrEO {A conY limll•d by 9urntsl REFERENCE ANO ADMINISTRAllvE DEfAILS OF THE CHARITABLE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024 Trust D J Sirryson. Chair M Cole M R Ham¢s Z Hannin9ton K Hesettine E J#¢5 l J Preece L J Wthliams Company registered number 03779 Charfty r•glstered number 1198600 Rg918tered office The West stand 8uth¥ Way AFC Telford Utd Telford Shopshire TF12TU Company secretsry Z Griffiths Chlaf •xecutlve offieer A Westr Accountant ChadStor Acc(yJntancy & Tax The Hangar Ha(Mey Park East T¢Word Shrq)slwo TF16QJ Pa9e 1
SHROPSHIRE FOOTBALL ASSOCIATKIN UhirrED (A MPany111•d by guarart•el CHAIRMAN AND CEO'S STATEMENrs FOR THE YEAR ENDED 30 JUNE2024 The chaimian presents his statorrnt f the yw. O¥eThlÈw. Th9 202&24 season was a transitional p1 of slthlisKYJ the business. rethstrucbjring Ihe workfm and appointing nèw rnembefs of staff. INhilsl il ahvays diffic1 as a smam bus¢55 with a small team to rnanaga chan9&, w& (lo enccmjrage carèw progressh)n and thts unfortunatety wnot aayS be und8rtakèn internally. However. we are delighted to welcome Sarn Grrffiths. Phoebe Waft1, Kemi Smallman and TDM Wellings to our team. We now have a highly effective. proactive 3tsff that underslandslhe needs of our football comnmjnty and work clos¢ly with Ihgrn. The¥ understanding of both Ihe businè55 needs and the comThur)ity needs is reflèeted in their flexibilty in adapting and rè81igning Toles and rgswnsibih'ties as needed. COwnitY engagement through¢yJl the las112 months has reMned strwJ with all staff &tNe and avarfaile. Work is still ong01j to achie Thè FA'S Gold Standard"C(¥Jg of Governance" vth 8 Cornplet datè sél for December 2024. Con9ralulations lo Ihe leam lor a¢hievirwJ the EqUaty Stsn¢Jard lor Sport. Prefirrmnary Award and the hard work and 819nifKanl contribulK>n rnade by the Board wtrjhave worked dlynlly to supwt thè Shrr4)shire FA arKI for which l am vèry grateful. Our Board of Trustee01re¢lOrS has evolved Snto a ¢ohesive group ScIaliSt thiL8 to the organisation, they are the legal custodians of the Shropshirè Footbal Associion Limited." ttrw dirèct and orgarise the affairs ol the Associautsn and prcJress a number o15trategic ("ectives CA)mrnting timè to us free ofcharge. Each Director has a fomial rolo and area of responsibility but in addition to thwr formal r&%ponsibilities Ihey are aEso great supporter5 01 our woriThJ gfOUPS. events and initi4lNes around the cfjunty. FInanc. We are in a $trong financyal posÈtion wth strK ts)ntrols on spending erHblw¥J us to rernain a effedive businèss over the last 12 months. We have compf8t8d our recovery from the iryJact5 01 COVID and are now moving on to deal with the political chang&s alongyde rnanaging Ihe uKertainty olsubstart18t funding cuts trom The FA. Year on yeaf we have to m8nage signifunt grant lundw)g cuts derfroM The FA and this i¥ expected lo Gontinue into the forÈseeable fjjture. Whilst The FA'S expected financialdeficit has not in it8 entirety come from its proj8ctèd irnpacts. corporate sponsorship Opune$ refflain drfficutt aThY continve to affect the future ojections of ir¥M disseminated Into County FA'S. &Jsiness defication will be kèy to our future success with a MsIC ol Strateg exp$10, SPAY lo footba11. (gpknring new oppjtutytses. and enhanced overall busine89 resilience. Our invèstment inlo resldenual aThJ ccynrnercial properteg Is now provijing uswrth addibonal incom8 streaffls lo further support our strategy. Tho filre Our ¢urrenl headquarters atAFC T81ft United was a nA#surearxl we 51111 remain I0cLd on achieving a new ffagship headquarters and facility that meets th& requkemenls of our strategy and vision of the future. Our proposal would be a lacility that offers suitable rk$pace br our stsff. enable us to offer and deliver a Gomprehensive education programme. offer conf8ren¢e and commuTrty space. a 3G pitch fadlity, sealing and suitable changing filities that becomes nKxe relevant and accessibfe lo our fwlball ¢ommunty. We will lo)ok lo transform the AssLxiatK)n into a more dev8lopn*ni focaJ5ed operation 18kiThJ LW cir. 80% of its outyiuls and using shared s&rviee ideas to suppNI fwtbaN operathons. w have successfully outsouregd discipline enabling 8 masswe saving on resowce and workload. Oave Slmp$on Chalrman. Shropshlrè Football Assoclall Pag&2
SHROPSHIRE FOOTBALL KocIATIoN LMTED (A conw lirnlted by guarante¢) The CEO presents his repwi f¢ thè year. Following on from my interlm appolntrnent as CEO I becaffle CEO a pwrnangnl basis on 11tWi8mbgr 2023. This has been a year of InitilY ccffjso1ldat and then planniryJ for Ihe futwe, which inclLMled the Wring of our new 4-ye8r strategy which was approved by The FA. We weve pleased to rn¢eive an (xrtstanding safegLtarding assessmenl Irom the NSPCC 81 also ce1ved a pwtive Slale of Play survey. We ha incrèas•d tha number of stsff al the ASSOCI as we ain to gr Ihe gam8 partyJlarly wilh Ihose tradil)nally hard to reach syovps. whilst marntainng and suppork.ng the wnJer of te8nk8 and clubs we already have participalmg across the county. C)Jrwalking foolball sesyon$ h8va incrèased and we know have femal8 walking sessions as well. Tha 23-24 yaar has seen the A5soci8tion O*1nUe to wovbY& hrgh quafty customer seThi¢é to our members, thls Ni¢kJdod A Spact19r sèason finale of 17 rJJp fina15 whith weffj well recavad by all those who play8d, volunteer8d. watched and offi¢iai8d. Thls yew saw us CO lo the eTrJ of our 21-24 strategy aNI d8lNeted and exrAeded in many areas ofthe game rK)tabty refereeirKJ. qualty of grass wlches. number d participts and number of coath8s in youth game. I woukl like to s8y a hugo Ihank you lo who makes grassroots f¢Abl happan across the CoLTrnly. without you wè do not have a garne. Andy W¢ston CEO. Shropshlré Football Assoclatlon Page 3
8HROPSHIRE FOOTBALL AS8OCIATr)N LINifED (A conwny lknkad by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 ThÈ Truslees presenl th9r amual rwrt tryther wilh the finanual stments ofthe charitab Company for the year 1 July 2023 10 30 June 2024. The Annual rw serve5 the purp)ses of both a Truslee5' report and a dirgctor5' rewrt under ccrfnpany law. The TrusleÈs ¢Mfimi that the Amual report and fmancial Slatements of the charitable company comply 1th the rrent stslutory requiremènts. Ihe requlremenls Of charitable companls governing document and the prowsions of the statent tsf R81mm8ndBd Ptactu ISORPI appllcatsle to tharities preparlng th acccthts in ¢ydanCe wlh the Fnancial Reporting Standard appllcable in the UK arMI Republic of Ireland IFRS1021 (effective 1 January 20191. Sknce ihe Charitable Comp)y qualifi88 as small under sedM)n 382 d Ihtr Companies Acl 2C(16, the Strateglc rE¥)Qrt requ¥ed ol medium and largè ts)rnpan under Ihe CompaniesAct 2(K)6 (strg Report and Dir8Ctors' Report) Regulations 2013 hes been omitted. Shrc¢)shire Football Asswalion Llmited (Cowy No 03796679} wislorgy wh the Charity Commission on 12 Apdl 2022. ObJectlv$ and actlwt a. Pollcles and oblecthi•s The Associatic)n's obj6CtS Arè lor Ihe wblK benefrt 9taY iKrtYrith Wtioarteference lo thè inhabltants oftha county and 11$ surrounding areas.. lo promote. d8velop artd support Cfxnrwnity pwttcipation in heathy recreation by prowding or assisung in th8 provision of facilities for the playMYJ of the game SLth olher ssx)rts or physi¢#l aclNltles which improvè fflnes5and heath (lacilltlés in thIsdeme51and. lIdS, equtjmenl and organlsing sporting Aclwities}', to lvan¢e arnaleur sport by prorncrting the amat8Uf playing oflhe ga such olher sports or games whiGh promote heath by involviro phys1 or m&ntal 8kiU OT exertion aThJ whKh are undertaken on 3n amateur bis; to advartt e(kIraln linckxling ac8dern aThJ Fysical odLb¢vnlby su( means as the Directors Ihink frt indud#w by. helping aThJ eduixting children and yourvJ people by wo¥%lirvJ facilities for Ihe playing of the game and other sports 8S lo develop their physul. Thpntal and SC¢k81 capacities thal tY may grow lo fthl malurity x$ individuals and meerS of Ihe Cnmurty', . helping and educatirlg persorh5 invofveil the coaching 1¢Y refereeTrng ol the game by pmviding relevant tuibon aThYlor resources. lo relieve peoplewlh disabilities. leamK¥ thfficulties oriNthealth by the wovi41on of farylities for the playlng of the game and other swirt, re¢re8.0n or Iwsure lime occupation in th8 uilèr&stS Df sock71 welfare and vrith the object (rf improvirvJ the condit)ns of lrfe of sh p&ry]. Our Vision Is to ale opp<Mtuniti'es to empower and inspwe peorA8 to enpw football and our Mission is b lead. promot8, d8velop and 5UPPOrt lrfelon9 comnwnty parttCWn thioughfoc4ball. In sètting obiectives and planning for activities. the Trustees have gNÈn ¢onsKleration lo general guidan published by Ihe Charity Commission fèlatuig to pU[C benefrt. indudro th8 guidance'Public b8n&fil.' running Charity IPB21'. Pago4
SHROPWRE FOOTBALL ASSOCIATION LIWTED IAcomp•ny limitod by gu•) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Objectives and arlivitieg Icontlnued) b. Strat¢gl•$ for achlevlng o¢dvas STRATEGIC PRIORITIES Improve Playlng ChcirE & OpportsJr¥ls Deler Equal Opprtuniti&s for Women & Girls aThJ other underrgwesented groups To Play Build MoTe & Improve Exisling Facilitss Tackle Poor BehavK)ur Develop A Valued Neh¥ork of Vdunteers. Cothès & Refer985 Create a sustalnable County FA sTRATEc DRIVERS SUpt ThrNing Community Cl C{nect & Serve Particlpanls Prowss The Game's Covernar A¢hlev•m•nts and perfoTmawi . Maln xhlgvem•Dts ol the ChJrftabl• Company This ygar has seen the Associatbjn conliwe lo run a hwly successful Adult Saturday League, Thg Salop Leisure League, wlh 2 dIvIOnS and an u18 sectK)n. This ha5 be the fwsl season ofthewomen's league w(Lh 11 teams tered. The As50ciation has kken on Ihe wnniThJ of the Shropshire C.5 lea9ue. W8 have writsn our rth¥ Slr8tegy fe 2024-28 aTrJ seCUd fund1 Football Association for the nexl 4 years and submitted our applical)n io athieve the Prelwniny level olthe Equality S1andard. The County Association received an outstanding Safeguarding rewt. and we had 100% reaccredrtati from 811 our clubs. 17 high-walty Cup Finats were delfvered with excdlent PR and Media Coyer¥ge IrlUding live radio conwnenw from Shropshire Live. Tlys Irdudwj OUT brandirrtJ forlhe oryanisation th 8 n8w logo. Clubs and Leagues f8ceived £1.17milkn of inveslmentfrom the Footsll Foundal*)n and we have 90 Gttd Quality pilches. In total there are 11,149 male players. 2. 468 femal& Flayers and 127 players in thè disabth'ly pathway. Another 130 now relerees were recruited this Tesulted h an overall figwe of 445 registered refwee5. Wth 16 gaining promotion. Thls equates io 170 dub5. 1000 teams being supportèd ty a nefvrtjrkof wound 6(KX) vohjnteers. Page 5
SHROPSHIRE FOOTBALL ASSOCIATI)N LlhWTeD (A company lknltod by guarathl TRUSTEE¥ REPORT (CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 FSnanrial rgvlew a. Golng ¢on¢er After making appropriat8 ènquiriès, the Trustees have 8 reasonab expectsti¢)n thattl Charilable Company has adqualÉ resources to continue in operalional existe for the foreS8eaÈ future. For this reason. they continue to adopt the goltYJ Concern basis in preparlng the finawal staterTpnts. Further details regarding ttte a(loplion of th8 g(Ang concern basis can b& ftyjnd Ihe accounling wltcies. b. Reurths polley Shropshlre FA malntstns Irèe reserves to fijnd wt8ntial inall$)¢1Udig new headquarigrs and as a shl&ld against any luturo ¢knvntums or unexpecteij expenditure. Thè trustees have estab115he4 a polw of currenlly mainlain9 reseryes at a 6 month operating ?1. Thi$ 1$ r6¥Wed TrUallY and Is amermled as perceptions of risk 8nd othw factors change. Free ro5erves comprise of unresiricled funds d¥svJnaled fiJnds and fLxe(J assets. At the eThJ of the financial yè8r the free reserves balance Sto al £336.180. Total funds We £689.395. of sthich £10.185 wore re51rictsd. Slructurvl governanc£ and management a. Constliutl Shropshirg Football As%)uatJn Lyniled registered 85 a Charitab (¥mFfjny limited by 9uardnteè 8nd wa$ 88t up by a M8moraThdum of AssocialKSn ijatwj 24 May 2021. 8nd ty the Charity CoMmi¥¥iC OTh 12 April 2022. b. Method• of appolntmènt or ole¢Won of TtteS The manag8rngnl of tho Charitable Company is tho re5PQnsiblity of th8 Truste8$ who are el6caed and co-opted under the lemB ol the M8morarxbJrn of ASSl8t. Plan$ for futur• perlods 1. Achi8ve Code ol GovemwKe 2. Achieve a Preliminary Level ol Equalty St8ndard 3. Secure new oifi¢es for Shropshre FA 4. Incrèèse Women's aryj Disa71ty FcM)IbI PtIpHIlOn S. Develop new leagLtes 6. Inerease number pl 3G pitches in the county 7. improve Diversity across ihe anIsatI Pag96
SHROPSHIRE FOOTBALL ASSOCIATION LIIAWTED (A ¢wnp4ry Ilmlted by guwt••l TRUSTEES. REPORT (CONTIWEDI FOR THE YEAR ENDED 30 JUNE 2024 statement of Trustees. responsibili The Trustees Iwho are aso the direct3 of the Charitsble Comwy fv the purposes of company lawl are responsible lor prÈparin9 the Trustees. report and the financial stalements in 8¢cordance with appli¢abl¢ law and United Kingdom AcUnting Stsndards Iunlted 1Q'ngd5 Ggneralty Wed Accounting Practice). Company law requires the Truslees lo prepare financial statem8nts kn each financial year. Under company law, the Trustees must nol approvo the finanual slatements unle85 tsy ore salisfEd th81 Ihey 9lve a Inje and fa view of thè stata ofaff8irs of th8 Ch8ritable Company and of its incoming resoUrS and appltion ol resources. Including ils incom8 aThJ Oxpondrturg. Ihat penryj. In weparirw3 these fin¢la1 statements, thè Tru$lèÈs are 18qulr8d to.. seled suitable a¢c¢untiThJ pofws and Ihen them )nSI$kn. observe the rnelhods and principles of the Charities SORP {FRS 1021: makejudgm8nis and accounting eslimates that are re&8on8bTe and prudent: stat& whelher applieable UK AccounliThJ Standards IFRS 102) h3ve betn followgd. subject to any material dapartures disclosed and expla1d in Ihe statements.. preparg the finan1 slalements on the gcing concem basis unless it ts inppropriat• tts presume that ihe Charita¢ Company will conknnue in business. Thè Trustèès are r•SpOnble lor keewg aleyle accLMmts"rwJ re(yJrds that suffioent to show and eXK4a1n th• Charitable Compan$ transactions and disd0 with raasonable awjracy al any lirne thefinancial poSitn ol thè Charitable Company and enable them to ensure Ihat thtr finanual slatemenls comply with the Compan$ Act 2(K)6. Thèy are also rèsponsible for saleguarding the assets of the CharItae Company and hence lor t8king reasonab steps fw tha prèvèn¢k ard d•tttIh of Iraud and otherKregulwibe& Approv f the membeTS of the board of Tntstees and signed their behaw ty. (Chair of T lees) Dat8.. Page 7
SHROPSHIRE FOOTBALL ASSOCIATtON UmE0 (A comp•ry limit•d ty guw•thil INDEPENDENT EXAMINER7 REPORT FOR THE YEAR ENDED 30 JUNE 2Q24 Ind•p•nd•nt •xamtn•rfs report to th• Trust••s of SIp$hIr• Fo*knaMAs$oclatlon LknM•d fthe Charltabl• CompanY) I report to thg tharity Twslees on my oxamknal(t)n of thè aCCotS of Ihe Charitatle Company for the ygar ended 30 June 2024. RèsponslbllStle$ and bas1$ of report Asthe Trusle8s ofthe Charitable Company land rtsdTec¢ors lor thepww)se5 ofcompany lawl you are r&sponsitrAe for the prepar8tion of the aCfJ)unts in acc4)tdarKe wilh the requwements of the Companiès Act 20( fthé 2006 Actrl. Having $81isfied mysell that the ac¢¢xmis olthe Charitsble Company are not rg4uired to be audited u[er Part 16 ofthe 2006 Actand are elIglefor1ndeperKlen¢ examinatK)n. I rep(wt in r8spectof my examinatw)n ofthe Charitae Company's accounts carri8d out under sen 145 of Ihe ChÈrities Act 2011 Cthe 2011 Act'l. In carrylrig out my examination I have folbowed the Dw8d10 given by Iho Chartty COMns1on under seeOn 145(5llbl ol the 2011 Act. Page 8
SHROPSHIRE FOOTBALL ASSOCIAIION LIAIITED (A¢tynpany Ilmtt•d by guwwto¢} INDEPENDENT EXAMINER'S REPORT ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Ind¢p•ndant ?xamlnerfs sLitement Since the Charitable Companvs gross incorne ex¢eedod £250.OC#J your examlner musl be a tnetnber of a body listed in SecOn 145 of thè 2011 Act. I confimi that l affl qu4rfd io undertake tho 8xaminatKJn because l am a membgr of ACCA. whlch 1$ on• ol lh8 listed bod5. I have completed my examination. l )nmI that no haw ccrfne to my atteniion in conneciion with the ¢xaminath)n giviny m¥ caus6 to believe: accounliro recr were not kepl in resped of Chwitabfe CnpanY as requked by Section 386 of th¢ 2006 Act: or Ihe accomts do not accord wlh Ihose recwds: ¢Y the accounts do nol conwty with the atccrtJnthvJ requirements of 396 of the 20(6 Act other than any fequiremenl that tho accounts give a aryj falrf vlew whKh 15 nola matt8r considered as p¥t ol an indepw)dent examinalN)n', ( the accounts have not been rxgp•¢d li accord 1th tho mathc#Js and yinclples of the Statement of RecommerKled Practic8 for accounting al by charibes [applble to charifj8s preparing their accounts in accordance th tho Fina101 Reporkn'ng Stsndard apPIAble in the UK and Republie of Ir8land IFRS 102)]. I hav• no wKems and have acloss no dher matters in ConnecwIth the examlnatK)n to whi¢h attention should be drawn In this report in to erAble a woper urnIerSdIn9 of Iho 3CCtsUrts lo be reaLed. This rerKJrt is mad8 sOty to the Charilat4e cC¥npanS T[81e*S. as a body. in eccordance vthh Part 4 of the Charities (Accounts and R8POrtsl Règulalions 2(M)8. My wcmk has en undertaken so that I might slate to the Charitable CoMpanS Tnjstees those matters l am reqLFKeil to state to them in an lThJependenl ex8MirtÈls report nd lor no other purpose. To thèfull8St extent permitted bylaw. I do not atteptor assume responsibility to anyone otrer than the Charitable Company Chartsble Companvs Truste85 os a body. for my work or for this reporL &gned'. lodz i- D J Ledthrtgton Bsc FCCA Chadstone AccounlarKy & Tax The Hangar Hadl•y Park Easl T8llord TF16QJ Page 9
SHROPSHNIE FOOTBALL ASSOCL4TDN LIMITED (A¢oTry•any Ilmk¢d by guw*rt•tl STATEMENT OF FINANCIAL AcfiviTIES IINCORPORATIMG INCOME AND EXPENomiRE ACCOUNTI FOR THE YEAR ENDED 30 JUPE 2024 Note Rèstrfcted lunds 21124 Unr•stricl•d lunds 2024 Total funds 2024 Total funds 2023 Income from: Donations and legacies 6.034 244.933 2).047 Charitsble &Jwitie5 215.473 21 5.473 225.021 Other tradlr¥J a¢tMiies {171) 11711 75 Investments 22.778 22.778 3,344 Total In¢crfn¢ 6.034 476.979 483,013 488.487 Expendliur8 on: Charitable activitr&s 4.115 .719 400.834 443.254 Tot •xp•nditur• Net Income before n•t Ilosse$llgalns gn Investments Nel (lossèsygains Dn inveslments 4.115 396,719 400.834 443,254 45.233 (6S) Nèt movoment In funds 1.919 8D.260 82,179 45.168 Rgcon¢lllatlon of funds: Total tunds broughl forward 8.266 598.95D 607.216 562,048 t movement in fijnds 1.919 81179 45.168 Total fvnds carrièd f(>rward 10.185 679.210 6B9.395 607.216 The Statemeni of financial acltvities includes all gains and knsses re¢(¥wised in the year. The notos on pag88 13 10 26 fomi part of these finanoal statements. P8ge 10
sHRoPSlftE FI)OTBALL ASSOCIATION LIMED (A tryny Iwnit•d by gu¥ant•e) BALANCE SHEET FOR THE YEAR ENDED 30 JUNE 2Q24 2023 Flxed assets Tangible 8ss8ts 12 3,030 2.632 Invostments 13 340.000 340,000 343.030 342,632 Current asmts Debtors 14 23.754 58.83D C88h at bank and In hand 332.$20 240.823 356274 299.653 Cr8ditors: amounts fdling due within c year 15 P.909) (35.c9} Nel current assets 346.365 264.584 Total ass•t$ l•ss current 11a1111$ 6B9,395 607.216 Total net sets 689.395 607.216 Page11
(A¢¢mpany Ilmlted by 9uarant••l BALANCE SH ICOMYINUED) FOR THE YEAR ENDED 30 JUNE 2023 2024 2023 Charlty lund6 Restrict8d fvrKIs 16 10.185 8.266 Unre5trictsd fijnds 16 679210 598.950 Total funds 689,395 607.216 Tho Charitable Company wa$ enlrtled to exempticn from audii uThJer sectth 477 olthe Companies Act 2006. The rngmbers have nol requirgd the company lo obtain 8n audrt for the year in questlon in aOrdan wlth section 476 of Companies Ad 2006. The Tiuslpes an04thge thetr resn511S forcomplyiNJ vth there(wirerngfrt5 of the Act wtth respect lo accounling records and preparalion oifffiand81 statements. The nclaI statemènts have beerb wepaTed fft accordarKe th the applicable lo entitie5 subject lo the srnall comp8niès regime. The fir78ncial staten)ts We approved and authorised for issue by theTDJstees and signed on their behall ts. airof Tru lèe Date.. )i-/o¥i [ The notes on pages 13 to 26 fonn part of these ffinarKral stat6ftnts. Pag& 12
SHROPSMIRE FOOTBALL ASSOCIATKMI LIMITED (A coMnY limit by glarthl NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 30 JUNE 2024 G•noral Infomwll¢n ShropshI Football A6soclalK Lnnf(od {COmFY No 03796679) registered Wth the Charity Commisslon 12 April 2022 to convert from a private limited company lo a Charitable Company limited by guarantee. It is incorFwalp(l in EnglarKI and Wales. with a regislered office 8ddr8ss and principal place cf business at The West Sland, Bucks Way, Afc Telford Unitecl. Telford. Shropshire, TF12TU. Accounting pol¢io$ 21 Bash ol preparatlon of Ilnanclal slthn¢nts The finala1 slalemths haNB been wepared in aCrd ChtIeS SORP (FRS 102) - counUng and Reporbng by Charities: Ststwn8nt of R0ended Pr1(9 applKable to charitbes preparing Iheir a(xx)unls in aEc(dance with Ihe FinaL31RPI1rvJ Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 janu 20191. the Financial Rewrb"ng Standard applieable in the UK and Republic of Ireland {FRS 1021 and the Conwanies Act 26. Shiopshire Football Association Limited the defmition ot a publi¢ benefil entity under FRS 102. Assets and liabltieS are inthlty recngnisÈd al htstorical CDSt OT transaction valu& unless otherwise stated in the rele1 8c£ounling polKy. 2.2 Golng conc•m The Trustees ha¥ GonsKlèrad the going eoncem ba&s of Iha ffinanrAal statements weparatlon and hav8 Conded that the Ghwitable Company has adequate re80ucres to continue in operational exislgnGe for th8 fDf8segable futsjre. They contiwe to &Jopt the g¢in9 Gonwn basis of a¢counting in preparing Ihe fin181 statements. 2.3 Incomè l income Is fwnisgd On ts Chafilable Company has entitMent lo the incomè, il is probable that the Inccffle be rPceiV and the amourrt of IrnI le1vable can be measuffjd rellably. Grants are included in the Statem8ntof fInarla1 activitièson 8ceIVable basis. The balance of in¢om8 ceived lor Sper purSe$ bul nol expended durffj tho priod is shown relev8nt fuThJs on the Balance sheet. Wh8r8 income is recaved kn advance of entitlernenl of ceIpt. ts recognition is deferred and i4uded in creditors as deferred incL¥ne. WhÉf8 èntiuamenl OCCU beloie income is received. tha income is aCcd. On Teceipl, don8ted 9)ods servtis are recogni%ed m the basi% of the valve of the donation to Ihg Charitable Company whith is Ihe arrthjnl il Wk1 have eTh wiling lo pay to obtain services or facilthes of equNalenl econorn ben$ffit on the open markeL a ¢orrespondiry 8mounl Is then rewiised eKpendilw8 in the pervxl of receipt un$ il is wnpraetrAI to nwasure this reliably IncMe tax reccweratde in relatn to inveslmeni IOn* Is re¢xgni88d at Ihe time the inveslmenl c(%ne is re¢eNable. Page 13
SHROPSHIRE FOOTBALL ASSOCIATfQN LIPITED (A company lknll•d by guarart••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounllng P1cleS {conllnuedl 2.4 Exp¢ndltur• Expendli urè 1$ rets)oni8ed once there is a legal or tonstwclive obligalk)n lo transf8r economic enefrt to a third party. It is prObae thal a Iransler of ecoTh)mic benefits will bè rèquired in seldemenl and the arTh)unt of the ot4KjaIK can be measvred rebably. Expenditure 15 classir by activity. The c05t5 Qf each activity are made up of Ihe totsl 0fd1rt Costs 8fKI shared costs. cltjding support costs involved in undertaking eath 8clNity. Drect costs attributab lo a slngle activity are allocalcd directly Its Ihal actNity. Shared costs vA)ich Contrile lo mc0 than one activty arbd supwt C0515 which a not attributable to a SKTryle aciivity are apportned betwean those 8thities on a bass consislent with Ihe use of resIrceS. Central staff costs are allocated on Ihe basis oftime spenL and deplatIOn charges alk¢ated on thè portion ofihe asset'8 Use. Expenditu Charitab attiviDes incurred dyeci uThJwl8knng Ihe adiMtiè$ which further the Ch8ritAbl8 Companrfs (ie¢twes. as w81188 any assooat&4 support costs. Al expenditur81$ indusive of irre¢overatle VAT. 2.$ Inter¥st recelval)l• Interest on funds hekj on deposil & [luded when rgceivat4e aThJ amount can be Msure(l liably by the Gharitable Coryany. this 15 ncrnlty notifat1 of the Inte$t paid or payable by the inslitu(K)n with whorn the funds are deposrt. Èd. 2.6 Tanglble fixed •uets and depTrclation Tangible fixed assets costing £1W orfflore are witali5ed and reco9nised whenfutLYe e¢c•nomic ben•fits are probable and Ihe cost or value of the asset can bè measured reliably. T8ngi)le fixed assets are initialfy rettonised at cost. Aftw recog1t. under the (st mod81, tsr¥Jiblé fixed assets are measured at cost less 8ccumulaled dtsprÈcia1n and any acwmulaled irnpairmenl losses. All sts inuJrr6d lo briTrJ a fwed asset into Its intended wkIng ¢(dItn should b& included in thè measurernent of Gosl. OèpreclatKJn Is dwged so as to 8llcrfate tt cosl of tangierix8d assets ks5 their residual value OV8r thet èstimated useftd Ives. Dgpreaation Is prowd&J on th& folkng basis.. . 25% Tedwiry bal 17 Inv•stments FTxed asset investments arè stated at market value at the 8alarKe Sheet dale. Any mtsvernents market value arisin9 during the year are shrywn as unredised gaNis ol losses in the Slalement of Financlal Aclivities. Th8 investment relates to property dumg this financial year and is valued using a dr8ci(*s' estimate of the mathet value. 2.8 Deblars Tradeand olherdeblors are recniSed atlhe setuementamourtafterany trdded1scount0ffÈ. Prepayrnenls are valued al the amouDI prepaid nel of any Irade discounts due. Page 14
SHROPSHIRE FOOTBALL ASSOCL4TDN UMYfEO (A compwry linlt•d by guwarto•1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUIIE 2024 Ac¢ountlng ptsllel•s (con1knd) 2.9 Cash at bank and In h)nd Cash at bank an¢J in hand incknles c8sh and short-term hvJhty liquhj invèstmerbts with a short maturity ol three months or les$ from Ihe datè of acquisilion or Oping 01 Ihe deF¥)Srt or stsn11 accoLnt. 2.10 Uabllltles and prn¥lsFons L18bilities are recognF5ed when there is an oblKJ8tion al the Balafice sheet dale as a result of 8 Past evernl. it is probable that 8 transfer of benefit be r8quirèd in settlemenL and tha amount of the settlemw)I can be estimaled refiably. Liabilibes are recognLsed al the amount thalthe CharilatrAe cpanY anliupates rt will pay to $8tUe ihe dabt or Ihe ol1 il has recoNed as atharKèd payTrents for goods w Servi it must wovid•. 2.11 Financlal Inlrum•nls The Charitsblo Company only has asse15 and rmancl Ikibilities of a kind Ihatqualfyos ba51¢ financial instrungnts. Bas finart¢iÈl instruments 8re iiilally recogni59d at transaction value and subsequènuy meaSUd at thr settlem8nl valua with the excapi11 of bank Soans ¥%thid) ar• subsequenlty measured al amtirt&88(I cctst usiThJ the off¢dve iiterest Mtd. 2.12 PBnslons The Charitable Company (wrates a defined Contributi pension scheme and the nSIOn Charge ropresents the 3mwnts payat4e by Ihe Charilable Grynp3nylo Ihe hjnd In respecl ofthe year. 2.13 Fund accourtlng Generdl funds are unrestricted fvnds whhth arè available for use al the di5creb.on of the Trusloès in furtherancè ot the yneral objectNes of the Charitable Company arh4 •ch have not been designalod for olher purposes. De*naled funds eompnse unr8Strict furkts that have teeDsat asKle by Trustees particular purposes. The alm and use of each deslgnated nd t)Jt in the notes to Ihe ffflandal statements. Restricte(I funds are funds which are to be used in accoJdance wf(h spe¢ifie lestrKlnS imposed by d0[S or whlch have b8en raised by ChaiitatAo Company for parlicular Purposes. The co$1$ ol raising and admin1sterir such ful are ¢haTged against the 5wJfic thnd. The aim 8nd usè ol each restrided fund sel ryjl in notes to th• financialstalernents. Invèstmenl Inc(Mne, gains arKI k)sses are alated totheapF¥opilatefund. Page 15
SHROPSHIRE FOOTBALL ASSOCIATr)N LII4TED {A ¢tynp•ny limlt•d by guarart••} IIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 3. In¢om• from donallons and l•gacl•8 R•stricted funds 2024 Unrestrlcted lund$ 2024 Tot•1 lunds 2024 Total funds 2023 Rul8 8e fuThJing 21.343 21.343 21,963 Sponsorsh 1.8>) 1.820 1.217 Grants 215.736 221.770 236.667 6.034 238.899 244.933 260.047 Total 2023 17.803 241244 260.047 4. Incom• fr¢)m charltable actlvlttes Unrestith1 nds 2024 Tot•1 funds 2024 Total hJnd$ 2023 Counly FA affillaOn$ 16.443 1fjA13 31737 Cup entry fees & galÈ irthff 3,594 S94 8.616 Leasues 26.574 26574 15,648 Dlsdpknè 66,782 66.782 50,385 Referee courses 30.751 30,751 20.6t4 Footbal development 11.69) 11,150 6.125 Coach educatr 9,059 9.059 23.128 S8rvtr*s Insurance 39.208 39,208 62,64B Olher incomè 11h12 11A12 4,120 215,473 215A73 225,021 Total 2023 225.021 225.021 Pège 16
SHROPSHIRE FOOTBALL ASSOCIATK)N iJMITED {A eixry)any lknlt•d by guar} NOTES TO THE FINANCIAL STATEMEPtts FOR THE YEAR ENDEO 30 JUNE 2024 Incom• from othgr tradlng acUvKtI¢s Incorne from non tharltablo lrndlng aclmtles lknvestrlctod lunds 2024 Total funds 2024 Total luncls 2023 Sal•s 11711 {1711 75 Toial 2023 75 75 6. Investrn•nt Income Vwnstrlctad fund5 2024 Total fund$ 2024 Total funds 2023 Bank interest 3.938 3.938 Rental income 18.839 18039 22,778 22,778 3,344 Total 2023 3,344 7. Anoly$ls of expendira on eharhable actlvltle$ Summary by fund typ• nd% T)lal ldI T¢1 ndS 2023 Charita• tIVItIeS 4.115 396.719 400.835 443.254 Tolal 2023 9.537 433,717 443,254 Page 17
SHROPSHIRE FOOTBALL ASSOCIATK>N LlhlTED (A company limlt•d by guarante0} NOTES TO TrIE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 JUNE 2024 Analysls of exndItUrn by adlvltigs Support costs Totsl funds 2024 Totsl fvnds 2024 2023 charflae a¢'e$ B8,647 312.188 400,835 443,254 ral 2022 344.169 443.254 Analysls of dlr•¢t costs Charitablè acth*ltl•s 2024 Totsl ld5 2024 Tolal fvnds 2023 L88gues Refefee Cours¢s FoOlbl Devèl(went Coach Educat In5uraiKe Cup Expenses Referee & Mentor PaymlS Ticket Purchases 3).121 10.439 2.523 348 19.707 16.075 5.215 20.121 10A39 1523 349 19.707 11075 S.215 7,989 10, 161 5,420 419 55,616 10.363 9.117 14.219 88.647 14219 88,647 99.085 Tolal 223 .065 Page 18
SHROPWRE FOOTBALL ASSOCIAIION UMITED {A cornpany by warante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 JUNE 2024 Analysls of expendityr• by actlvitl•s (contlnugd) Analysls of support ¢osts Charitab xtlwtie$ 2024 Total fund8 Total fvnds 2025 staff cosis 194,531 194.531 1.011 21.919 2.039 3,709 179) 20.588 4.038 3.112 2.747 8.946 5,227 1.$84 10.753 18.173 230.846 l)weciation Services 1.011 21.919 2,039 3,709 1791 20,588 4,038 3.142 2,747 8,946 5.227 1.584 10,753 18.173 18.383 6.152 4,7TO 1,528 21.918 5, 160 647 3,649 9.112 6.694 2.472 6,559 20.681 4.395 Insurance Trav91 Exwses Leastrs Rent & vlI11eS Admini$tratK)n & Postage Refreshments Other Staff Costs Cornmunicatior Bank Charges Professional Fe9$ Oiher ExpdItur Govemance costs 4,094 Repalrs and Maintenane 9.766 9,766 312.188 312,188 344. 169 Total 2023 344,169 344,169 Independent wmlnefs r¢mun•ration 2D24 2023 Fees payable lo the Charitable Companvs indeperKlenl examiner lor thè independènl examination oflhe charitab CoMpanS annual accounts F88s p8yatAe lo the Charitable Company8 Independent 8xanNngr th rfjst of.. 2,000 1940 All taxation advi50ry h)eJuded above All othgr serwces nol inCded above 600 1,6tX) Page 19
SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA cOMnY lintt•d by gu¥te0> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 10. Slaff costs 2024 2023 Wages and salaries 175.880 212,311 Social security ¢osts Contribution to defined contrbjlion pensh)n schémès 14,971 13,965 3,680 4,564 194531 230.846 The avera9è number of persons emoyed by the Charita C¢mp•y during Ihe yearwas as folkxvs.. 2024 No. 2023 No. Empbyees No eryloyee recaved reMTalK)n arrwntirg to nwe than £f•.0 in either year. Key Management Personnel total remuneralion totalled £49,163. employer Nl and nSIOn cnntributions. This tsKJu(*5 gross wa98s plus Trutstees. remuneratlon and expen During thè year. Trj TntstB8s [vj any reffiuneratK or other befItS (2023- £NIL). Dur¥)g the year Ihe Chairman. D J Simpsonwds paid a honorarhjm d .000 (2023. £1.(700J. During Ihe year ended 30 June 2024. expenses totafling £NtL reimburs¢d or paid dtrectty to Trvslees (2023- £NILJ. Page 20
SHItOPSHIRe FOOTW ASSOCIATK>N LIMThED (A company limlt•d by gulrantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 12. Tanglble flx•d assets oqulpment Cost or valuatlon Al 1 July 2023 Addilions Dlsposals 5.813 1,409 At30 June 2024 D#pralkIn At 1 July 2023 Charge for the year On disFKJsals 3.181 1.011 At30 June 2024 4,192 Net book Value At 30 June 2024 3.030 AI 30 Juno 2023 13. Flx•d ass•t Inv••tm•nts Propérty n¥e$tment Cost or vofvat Al 1 July 2023 340.000 AI 30 June 2024 340,000 Net book value AI 30 June 2024 340.000 AI 30 Junè 2023 340,000 Pag& 21
SHROPSHIRE FOOTBALL ASSOCIATK)P4 UIATED (A company limit•d by 9uarnDteel NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 30JUNE 2024 Debtors 2024 2023 Dw• wlthln on• y•ar Trade deblors 12.844 4q696 Other debltxs Prepaymenls and accrued rncome 8.929 1,981 7,375 1, 759 23,754 5&830 15 Creditors: Arnounts falllng due wlthln ¢ne year 2024 2023 Trade creditors Otherlaxatton ar soaal seuKity Pension liabllty Accruals and deferred inu)mé 1,353 4.888 26,622 3,381 1668 9.909 35,069 Page 22
SHROPSHIRE FOOTBALL ASSOCIAIIOW LIMITED (A Ilmlt•d by guarants•) NOTES TO THE FINANCIAL STATEMeNTS FOR THE YEAR ENDED 30 JUNE 2024 16. Statement of funds statement of fvnds- currènt year Balan¢e at July 2023 Tran51ers Galn$l (Los$) Balanco at 30 June 2024 Unr•$trlctod funds D•slgnat•d funds Beneyoknl 4.34 4.340 Gon8ral fd> Reserves 610 476.9T9 (39&71•} 674870 Total Unruttht•d fund$ 59J.950 476.979 PK719 679,210 Restrlct•d fundJ5 Squad Girfs 4A50 5,480 100 11001 Just Play 775 2.075 Match DayCo8chlry 3.750 13.75(11 WalhJng Fu)tbal Dlsatl'lity 181 {2251 rass Piteh SupKKJI 1.000 1,000 Fr4)tball Delfvery Male Pathway Par8ts18nl 850 850 8366 6.034 {4.115) 10,185 Total of lunds 607.216 483.013 1400.8341 689.395 Pa9e ZJ
SHROPSlaRE FOOTBALL ASSOCIATION UMITED (A company Ilmll•d by guara} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUME 21124 16. Stat8m•nt of furKl¥ Icontlnued) Dèslgnoted funds conslsl of: Benevolent fund- u5811 to help football participants that we in rned Restrict•d funds eonsl8t of: Squad Gids- FA Grant to pass on to dubs that WOVKI8 3 proMsK)n girls fox)tt)aN 8g&J 12-14 Wiklcats - FA Grant lo pass on io dubs that prowde a provisi( fu girfs fc)tball aged 5-11 Just Play . FA Grant to pass on to dubs thal rKowde a provi5•MforJust Play Match Day Coaching- FA Grant to suprtsyt refere6 mlorS Walking Fwtb811- Grant froffl Energise to SJPFNi a proviSn ofwaTrlng foott)al Disability- FA Grant to SLlPP(Ki di"rity football Wihin the cou Gra55 Pitch Support- FA Grant to supwrt gr8sspiti*e5 Ibe county FfY)Ibal DelIvY- FA &ant lo support Ihe defNery of I0ball wihin the county Mae Pathway- FA Gr8nl 10 5uppori the ddivery of rna footballwithin the county Paralalenl- FA Grant lo sUrrt di8tibility loDtt>all wthin the cailnty Page 24
SHROPSHIRE FOOTBALL ASSOCIATi¢)N LMTED (A company Ilmlted by guarnnteel NOTES TO THE FINANCIAL STATEMENTS F¢)R THE YEAR ENDED 3Q JUNE 2024 16. Stat•ment of fvnd$ {¢¢nl1nu> Statemont of funds - prfor y 8alan¢eat 39 l July 2023 Unr•strlct¢d funds DesSgn¥ted lunds Benèvol8nt Fund 1,863 2.477 4.340 General funds Genaral FUTh 560.185 34.425 594,610 T¢)lal Ufirèstrl¢t•d fund$ 562,048 36.902 598,950 17 Analys1¥ of net ass•ts b•tw••n funds Anaty61s of n•t assets bgtwè•n lunds. curwont y R•strithd unt•stt fun furt1$ 2024 Total lund5 2024 Tarolblfr ffixed asgets Fixed a55et investrnents Curtent assets Creditors due within y 3.030 340,000 3,030 340,000 356,274 (9.909) 19.909} Total 689,395 Page 25
SHROPSHIRE FOOTW ASSOCIATh)N LIMITED IA e(xnpany Ilmh•d by guaraDI•g1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 17. Analysls of n•1 a$$et$ between fund$ (conllnu•d) Analys1$ of net assets b•ten funds . prlor y•ar Ro$tricled Unmslricled funLIs unds 2023 2023 Total funds 2023 Tan&¥b19 fixed assets 2.632 2,632 Fixed asset investments 340.000 340.000 Cuffenl assets 291,387 299,653 Credil¢y8 due vAthin one year {35.0691 {35,0691 Total 598,950 607,216 18. Penslon ¢¢rnmltments The charity oporates a dellwl conlribuiion pÈnsKJn s¢heme. Th8 asseEsof the scherne are held sèparately frtyn those of the chaiity in an in(lependentty administered knd. The pet10 cost charge represents ContributnS payable by the charity lo the I1 and amunt8d to £3,68012023- £4.5641. Tha sum of £NIL 12023: ENILI was payable lo the fund al the balan sheet dale wld ts [yed in croditors. 19. R•Jated party transactions There wère related patytransact1or InIng the trustees dui)g Ihe yew. As disclosed within the Trustee Remunèra note. D Simpson receivèd an hCrfum of £3.000 f( his rolè 88 Chaimi8n. M Colg. Trustee. Is a Director of TJ VkerS. a car dealership. TJ Vi¢kers havè provKfed a van for the use of SFA. This has not been accounted for withln the Stslernent of Financk?l Actiwlies as th• chartty cannot rèliabty qu8ntify the benafiL Page 26