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 ASsOC￿T￿ UMrrEO {A co￿nY limll•d by 9urnts*l 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 037￿79 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 ￿MPany1￿11•d by guarart•el CHAIRMAN AND CEO'S STATEMENrs FOR THE YEAR ENDED 30 JUNE2024 The chaimian presents his statorr*nt f￿ the yw. O¥eThlÈw. Th9 202&24 season was a transitional p￿1 of slthlisKYJ the business. rethstrucbjring Ihe workfm and appointing nèw rnembefs of staff. INhilsl il ￿ ahvays diffic￿1 as a smam bus￿¢55 with a small team to rnanaga chan9&, w& (lo enccmjrage carèw progressh)n and thts unfortunatety wnot a￿ayS be und8rtakèn internally. However. we are delighted to welcome Sarn Grrffiths. Phoebe Waft￿1, 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. COw￿￿nitY engagement through¢yJl the las112 months has reM￿ned strwJ with all staff &tNe and avarfaile. Work is still ong01￿j 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 EqUa￿ty 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 Trustee￿01re¢lOrS has evolved Snto a ¢ohesive group S￿cIaliSt thiL8 to the organisation, they are the legal custodians of the Shropshirè Footbal Associ*ion Limited." ttrw dirèct and orgarise the affairs ol the Associautsn and prc*Jress a number o15trategic (*"ectives CA)mrn*ting 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 wor*iThJ gfOUPS. events and initi4lNes around the cfjunty. FInanc￿. We are in a $trong financyal posÈtion wth strK* ts)ntrols on spending erHblw¥J us to rernain a effedive businèss over the last 12 months. We have compf8t8d our recovery from the iryJact5 01 COVID and are now moving on to deal with the political chang&s alongyde rnanaging Ihe uKertainty olsubstart18t funding cuts trom The FA. Year on yeaf we have to m8nage signifunt grant lundw)g cuts d￿er￿froM The FA and this i¥ expected lo Gontinue into the forÈseeable fjjture. Whilst The FA'S expected financialdeficit has not in it8 entirety come from its proj8ctèd irnpacts. corporate sponsorship Op￿un￿e$ refflain drfficutt aThY continve to affect the future ojections of ir￿¥M￿ disseminated Into County FA'S. &Jsiness d￿e￿fication will be kèy to our future success with a MsIC￿ ol Strateg￿ exp￿$10￿, SPAY￿ lo footba11. (gpknring new oppjtutytses. and enhanced overall busine89 resilience. Our invèstment inlo resldenual aThJ ccynrnercial properteg Is now provijing uswrth addibonal incom8 streaffls lo further support our strategy. Tho fil￿re Our ¢urrenl headquarters atAFC T81ft￿￿ United was a nA#surearxl we 51111 remain I0cL￿d on achieving a new ffagship headquarters and facility that meets th& requkemenls of our strategy and vision of the future. Our proposal would be a lacility that offers suitable ￿￿rk$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 f*ilities 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$on Chalrman. Shropshlrè Football Assoclall Pag&2 SHROPSHIRE FOOTBALL ￿KocIATIoN LMTED (A conw lirnlted by guarante¢) The CEO presents his repwi f¢* thè year. Following on from my interlm appolntrnent as CEO I becaffle CEO ￿ a pwrnangnl basis on 11tWi8mbgr 2023. This has been a year of Initi￿lY ccffjso1ldat￿ and then planniryJ for Ihe futwe, which inclLMled the Wr￿ing of our new 4-ye8r strategy which was approved by The FA. We weve pleased to rn¢eive an (xrtstanding safegLtarding assessmenl Irom the NSPCC 81￿ also ￿ce1ved a pwtive Slale of Play survey. We ha￿ incrèas•d tha number of stsff al the ASSOCI￿ as we ain to gr￿ Ihe gam8 part*yJlarly wilh Ihose tradil*)nally hard to reach syovps. whilst marntainng and suppork.ng the wn*Jer of te8nk8 and clubs we already have participalmg across the county. C)Jrwalking foolball sesyon$ 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 Spact￿￿19r 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 particip￿ts and number of coath8s in ￿ youth game. I woukl like to s8y a hugo Ihank you lo who makes grassroots f¢￿Ab￿l 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 st*ments 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 stat￿ent tsf R81*mm8ndBd 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 (str*g￿ Report and Dir8Ctors' Report) Regulations 2013 hes been omitted. Shrc¢)shire Football Asswalion Llmited (Cowy No 03796679} wislorgy w￿h 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 9￿￿ta￿Y iKrtYrith Wtio￿arteference 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 thIs￿￿deme￿51and. ￿lId￿￿S, 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 phys*￿1 or m&ntal 8kiU OT exertion aThJ whKh are undertaken on 3n amateur b*is; to advartt e(kIral￿n linckxling ac8dern￿ aThJ F*ysical 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 t￿Y may grow lo fthl malurity x$ individuals and me￿￿erS of Ihe C￿nmur￿ty', . 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 s￿h p&ry]￿. Our Vision Is to ￿ale opprward 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 sHRoPS￿lftE FI)OTBALL ASSOCIATION LIM￿ED (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.$20 240.823 356274 299.653 Cr8ditors: amounts fdling due within c year 15 P.909) (35.c￿9} Nel current assets 346.365 264.584 Total ass•t$ l•ss current 11a1￿111￿$ 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 a￿Ordan￿ wlth section 476 of Companies Ad 2006. The Tiuslpes a￿n04thge thetr res￿n51￿￿1￿S forcomplyiNJ v￿th there(wirerngfrt5 of the Act wtth respect lo accounling records and preparalion oifffiand81 statements. The ￿n￿claI 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 stat6ft￿nts. Pag& 12 SHROPSMIRE FOOTBALL ASSOCIATKMI LIMITED (A coM￿nY limit￿ by glarthl NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 30 JUNE 2024 G•noral Infomwll¢n ShropshI￿ Football A6soclalK￿ Lnnf(od {COmF￿Y 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 fina￿la1 slalemths haNB been wepared in aC￿rd￿ Ch￿tIeS SORP (FRS 102) - counUng and Reporbng by Charities: Ststwn8nt of R￿0￿￿￿ended Pr￿1(9 applKable to charitbes preparing Iheir a(xx)unls in aEc(*dance with Ihe Fina￿L31R￿P￿I1rvJ 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 2￿6. Shiopshire Football Association Limited the defmition ot a publi¢ benefil entity under FRS 102. Assets and liabl￿tieS are inthlty recngnisÈd al htstorical CDSt OT transaction valu& unless otherwise stated in the rele￿1 8c£ounling polKy. 2.2 Golng conc•m The Trustees ha¥* GonsKlèrad the going eoncem ba&s of Iha ffinanrAal statements weparatlon and hav8 Cond￿￿ed 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 fin￿￿181 statements. 2.3 Incomè l income Is fwnisgd On￿ ts Chafilable Company has entit￿Ment lo the incomè, il is probable that the Inccffle be rPceiV￿ and the amourrt of I￿rnI le￿1vable can be measuffjd rellably. Grants are included in the Statem8ntof fInar￿la1 activitièson 8￿ceIVable basis. The balance of in¢om8 ceived lor Spe￿r￿ pur￿Se$ 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 i￿4uded in creditors as deferred incL¥ne. WhÉf8 èntiuamenl OCCU￿ beloie income is received. tha income is aCc￿￿d. 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 W￿k1 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 Inc￿Me tax reccweratde in relat￿n to inveslmeni I￿On* 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 P￿1cleS {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 prOba￿e 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 0fd1r￿t 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 Contri￿le lo mc*0 than one activty arbd supwt C0515 which a￿ not attributable to a SKTryle aciivity are apport￿ned betwean those 8thities on a bass consislent with Ihe use of resI￿rceS. Central staff costs are allocated on Ihe basis oftime spenL and dep￿latIOn 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 M￿sure(l liably by the Gharitable Coryany. this 15 ncrnlty notif￿at1￿ of the Inte￿$t paid or payable by the inslitu(K)n with whorn the funds are deposrt. Èd. 2.6 Tanglble fixed •uets and depTrclation Tangible fixed assets costing £1W orfflore are witali5ed and reco9nised whenfutLYe e¢c•nomic ben•fits are probable and Ihe cost or value of the asset can bè measured reliably. T8ngi)le fixed assets are initialfy rettonised at cost. Aftw recog1t￿. under the (￿st mod81, tsr¥Jiblé fixed assets are measured at cost less 8ccumulaled dtsprÈcia1￿n and any acwmulaled irnpairmenl losses. All ￿sts inuJrr6d lo briTrJ a fwed asset into Its intended w￿kIng ¢(￿dIt￿n should b& included in thè measurernent of Gosl. OèpreclatKJn Is dwged so as to 8llcrfate tt￿ cosl of tangi￿erix8d assets ks5 their residual value OV8r thet èstimated useftd Ives. Dgpreaation Is prowd&J on th& folk￿ng basis.. . 25% Tedwiry bal 17 Inv•stments FTxed asset investments arè stated at market value at the 8alarKe Sheet dale. Any mtsvernents market value arisin9 during the year are shrywn as unredised gaNis ol losses in the Slalement of Financlal Aclivities. Th8 investment relates to property dumg this financial year and is valued using a dr8ci(*s' estimate of the mathet value. 2.8 Deblars Tradeand olherdeblors are rec￿￿niSed atlhe setuementamourtafterany trdded1scount0ffÈ￿. Prepayrnenls are valued al the amouDI prepaid nel of any Irade discounts due. Page 14 SHROPSHIRE FOOTBALL ASSOCL4TDN UMYfEO (A compwry linlt•d by guwarto•1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUIIE 2024 Ac¢ountlng ptsllel•s (con1kn￿d) 2.9 Cash at bank and In h)nd Cash at bank an¢J in hand incknles c8sh and short-term hvJhty liquhj invèstmerbts with a short maturity ol three months or les$ from Ihe datè of acquisilion or Op￿ing 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 c￿panY anliupates rt will pay to $8tUe ihe dabt or Ihe ￿ol￿1 il has recoNed as atharKèd payTrents for goods w Servi￿ it must wovid•. 2.11 Financlal In*lrum•nls The Charitsblo Company only has asse15 and rmanc￿l Ikibilities of a kind Ihatqualfyos ba51¢ financial instrungnts. Bas￿ finart¢iÈl instruments 8re iii*lally recogni59d at transaction value and subsequènuy meaSU￿d at th￿r settlem8nl valua with the excapi1￿1 of bank Soans ¥%thid) ar• subsequenlty measured al amtirt&88(I cctst usiThJ the off¢dve iiterest M￿t￿d. 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 lestrKl￿nS imposed by d￿0[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 al￿ated 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 affilla￿On$ 16.443 1fjA13 31737 Cup entry fees & galÈ irthff 3,594 S￿94 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$ls of expendi￿ra on eharhable actlvltle$ Summary by fund typ• nd% T*)lal l￿dI 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 ex￿ndItUrn by adlvltigs Support costs Totsl funds 2024 Totsl fvnds 2024 2023 charfla￿e a¢￿'e$ B8,647 312.188 400,835 443,254 r￿al 2022 344.169 443.254 Analysls of dlr•¢t costs Charitablè acth*ltl•s 2024 Totsl l￿d5 2024 Tolal fvnds 2023 L88gues Refefee Cours¢s FoOlb￿l Devèl(went Coach Educat In5uraiKe Cup Expenses Referee & Mentor Paym￿lS 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 2￿23 .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.$84 10.753 18.173 230.846 l)weciation Services 1.011 21.919 2,039 3,709 1791 20,588 4,038 3.142 2,747 8,946 5.227 1.584 10,753 18.173 18.383 6.152 4,7TO 1,528 21.918 5, 160 647 3,649 9.112 6.694 2.472 6,559 20.681 4.395 Insurance Trav91 Exwses Leastrs Rent & v￿lI11eS Admini$tratK)n & Postage Refreshments Other Staff Costs Cornmunicatior Bank Charges Professional Fe9$ Oiher Exp￿dItur 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￿ CoMpan￿S annual accounts F88s p8yatAe lo the Charitable Company8 Independent 8xanNngr th rfjs￿t of.. 2,000 1940 All taxation advi50ry h)eJuded above All othgr serwces nol inC￿ded above 600 1,6tX) Page 19 SHROPSHIRE FOOTBALL ASSOCIATION UMITED IA cOM￿nY 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 em￿oyed by the Charita￿* C¢mp•y during Ihe yearwas as folkxvs.. 2024 No. 2023 No. Empbyees No eryloyee recaved reM￿TalK)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 ￿[v￿j any reffiuneratK￿ or other be￿fItS (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#pr￿￿alkIn 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 f￿d> 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 m￿lorS Walking Fwtb811- Grant froffl Energise to SJPF*Ni a proviS￿n 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 DelIv￿Y- FA &ant lo support Ihe defNery of I0￿ball wihin the county Mae Pathway- FA Gr8nl 10 5uppori the ddivery of rna￿ footballwithin the county Paralalenl- FA Grant lo sUr￿rt 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•st￿t 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•t*en 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 pet￿10￿ cost charge represents Contribut￿nS payable by the charity lo the I￿￿1 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￿ In￿Ing th￿e trustees dui)g Ihe yew. As disclosed within the Trustee Remunèra￿￿ note. D Simpson receivèd an hC￿￿rfum of £3.000 f(* his rolè 88 Chaimi8n. M Colg. Trustee. Is a Director of TJ V￿kerS. 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