Registered Charity Iyumber: 328101 Association of Former Manchester United Players Annual report and financial statements for the year ended 31 December 2023
Association of Former Manchester United Players Contents Page Reference and Administrative Details Trustees, report 2to3 Statement of Trustees, Responsibilities Independent Examiners, report Statemcnt of Financial Activities Balance Sheet Notes to the Financial Statements 810 11
Association of Former Manchester Unlted Players Reference and Admlnlstratlve Detalls Trustees Mr Iuan Wardle Mr James Elms Mr Wilfred McGuinness (resigned l July 2024) Mr Alan Gowling Mr Anthony Whelan (appointed l July 2024) Registered Office I l Ridgmont Road Bramhall Stoclq)ort Cheshire SK7 IJX Independent Exan]iner l.G. Morris Downham Morris & Co 4549 Greek Street Stockport SK3 8AX Solleltors Linder Myers LLP Phoenix House 45 Cross Street Manchester M2 4JF Bankers Barclays Bank 12 Crofts Bank Road urntOn Manchester M41 OTS
A550ciation of Former Manchester United Players Trustees? Report The Trustees present their report and audited fjnancial statements of the charity for the year ended 31" December 2023. Objectives and activities Objects and aims The objective of the charity is to apply both the capitAI and income thereof to, or for, the relief of the poor and needy or to, or for, such other charitable purpose, institution, society or objective as the Association shall in duly constituted tneeting from time to time direct. Whilst the objective of the founding deed are wide. the Association is primarily concerned with the support of charities in Cheshire, Greafrr Manchester and Lancashire and charities nominated by members of the Association. Public benefit The Charity enable and encourages charilable giving and if a surplus is generated it is used to provide increased donations to charitles and other good causes. The Trustees confinll that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public beneflt guidance published by the Charity Commission for England and Wales. Trustees The Trustees, who acted throughout the year and up to he date of this report, were as follows:. Mr Alan Wardle Mr James Elms Mr Wilfred M¢Guinness (resigned l July 2024) Mr Alan Gowling Mr Anthony Whelan (appoknted l July 2024) The chairnun of the Trustees was Mr Alan Wardle. The Trustees are appointed by the members of the Associatio and appropriately trained on induction. Advisors who acted throughout the year are listed on page l. Structure) governance and management Constitution and management The constitution of the Association was established by a Trust Deed dated 24, November 1988. The registered name and trading natne of the charity is the Association of Forn]er Manchester United Players (the 'Association'). The charity is registered with the Charity Commission for England and Wales under registered number 32810 l. The address of the registered office is I l Ridgmont Road, Bramhall, Stockport, Cheshire, SK7 IJX. The management of ihe Association is run by the Trustees with co-opted assistance where appropriate. The Twstees hold regular meetings throughout the year at which appropriate fund raising events are agreed and organised, requests for charitable support are examined and tlie Association's current financial status is reviewed. The Charity enables and encourages charitable giving and if a surplus is generated it is used to provide increased donations to charities and other good causes.
Association of Former Manchester United Players Trustees, Report (continued) Results and activities Total incoming resources during he year amounted to £84,585 (£73,370). During the year the Trnstees approved expenditure of £60,950 (£61,872) to finance the fundraising activities and the provision of donations of £13,345 (£13,175). The net outgoing resources amounted to £10,290 incoming £11,677 and this has been Iransferred to/from the accumulated unrestricted income nd. Funds are primarily raised from events such as golf days and spOrtsn'S dinners organised by the Association. Reserves policy The TteeS regularly monitor the reserves policy and the level of reberves policy and the level of re8erves with the intention of en8uring that they arc at all times adequate to meet all the committed donations and provide sufficient resources to finance fofihcoming fund raising events. Following the results in the year ended 31 December 2020, where no events could be put on and were cancelled during the year, the trustce8 feel an appropriate level of reserves is £1 0,000, which was the net outgoings that year. As events are put on and donations to be made are agreed. the reserves level is monitored to ensure these can be covered as well. The tolal unrestricted funds as at 31 December 2023 is £25,332 (15,042) which £15.332 (2022: £13,508) are all free reserves. This is higher than the aimed level as the tTUStees hope to be able to make donations in the following year. Investhient policy Investments are held in the forni of short-terni cash deposits at the appropriate interest rates at banking Institutio$. Risk Management The Trustees have reviewed the risks to the Association and are satisfied with procedures in place to cover those risks. This involved identifying the types of risks the Charlty faces and identifying any means of mitigating those risks. Plans for future perlods The Trustees plan to continue to increase the walue of donations processed to charities as events continue to take place each year. They expect that the Association of Fornier Manchester United Players will continue in its current forni into the foreseeable ture. The annual report was approved by the trustees of the charity on . S . 7 IS and signed on its behalf by- Jamcs Elm% Trustee
Associatioll of Former Manchester United Players Statement of Trustees, Responsibilities Statement of Trllstees, responsibilities The Trustees are responsible for preparing the Trnstees, Report and the financial statements in ac¢ordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each fmancial year which give a trne and fair view of the state of the affair8 of the charily and of the incoming resources and application of rc80urces of the Gharity for that period. In preparing these fmancial staternents, the trustees are required t(): elect 8Uitablc accounting polici&s and then apply them consistently. observe the methods and principles in the Charities SORP" make judgements and estimates that are reasonablc and prudent. statc whether applicable accounting Standards have been followed, subject to any malerial departures disclosed and explained in the fmancial statements; and prepare the financial statements on the going concern b28is unless it is inappropriate to presume that the charity will Continue in busine88. The trnstees are responsible for the keeping adequate accounting records that are sufficient to show and explain Ihe charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the Trust Deed. The trnstees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial infornmtion included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions. 7.7.25 Approved by the trustees of the ¢IAlY on ..................... and signed on its behalf by.. James Elms TtU8tee
Association of Former Manchester United Player5 Independent Exanner'S Report to the Trustees of the Assoclation of Former Manchester United Players report to the trnstees on my examination of the accounts of Association of fornier Mllnchc8leT United Pla for the year ended 31 De¢ember 2023. ei¥ Responsibilitie5 and basis of report As the charity trustees of As80Liation of Fornier Manchester Uniied Players, you are responsible for the preparation of the accounts in accordance with the requirements of the Cli41rities ACL 2011 'IlJc Acl, I report in respect of my examination of the Nalional Association for the Relief of Pagets Disease's accounts carried out under section 145 of he 2011 Act and carrying out my examillation I have followed all the applicablc Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confimi that no material matterq have come to my attention in connection wAth the examination giving me ¢ause to believe that in any material respect: accounting records were not kept in respect of Associations of fornier Manchester United Players as required by section 130 of the Act. or the accounts do not accord wxth those records. or the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other n]atters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. l.G. Morris DoHrytham Morris & Co
Associatlon of Former Manchester United Players Statement of Financial Activities for the Year Ended 31 December 2023 Unrestricted funds 2023 Unrestricted funds 2022 Note Ineome and endowments from: Other trading activities 84,585 73.370 Totsl income 84,585 73,370 Expenditure on: Other trading activities 60,950 (71,872) Expenditure on charitable activities 13,345 (13,175) Total resources expended 74,295 (85,047) Net movement in funds li 10,290 11,677 Reconciliaton of funds: Total funds brought forward 15,042 26,719 Total fimds carried forward 25,332 15,042 All of the ¢harity'S activities derive from continuing operations during the above two periods. The notes on pages 8 to I I forni an integral part of these fmancial statements.
As50eiation of Former Manchester United Players (Registration number.. 328101) Balance sheet as at 31 December 2023 Note 2023 2022 Fixed assets Tangible assets 767 1,534 Current assets Cash at bank and in hand 27,598 15,828 Total current assets 28,365 17,362 Current Llabilities Creditors io (2,820) 2,320 Net Assets 25,545 15,042 Fullds of the charity Unrestricted income I total cllarity funds li 25.332 15,042 The financial Statennts on pages 6 to I I were approved by the Board ofTrustees on .. .. signed on its behalf by.. . and were James Elms Trustee The notes on pages 8 to I I forni an integral part of these fmancial statements.
AssociAtion of Former Manchester United Players Notes to the Financial Statemeiits for the Year Ended 31 December 2023 AceouThtlng polieies Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Ststemcnt of Rccommcnded Practice applicablc to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (effective l January 2019) - (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ircland (fRS 102) and the CharitLC8 Act 2011. The charity meets the definition of the public benefit entity under FRS 102. Basis of prcparation Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relcvant accounting policy notcs. The financial statements are prepared in slerling. which is the functional currency of the chariiy. Monetary amounts in these financial statements are rounded to the ncar¢st £1. Going Concern The trustees consid¢r that thcre are no matcrial uncertainties abou¢ the charity's ability to continue as a going Concern nor any significant areas of uncertainty that affect the carrying value of assets held. Incoming resources - Voluntary Donations Income from donations is accounted for on receipt. Incoming resources - Activities for generating funds Incoming resources from fiLndraising a¢txvities are included in the statement of fmancial activities when the charity is entitled to the incorne and the amount can be quantified with reasonable accuracy. Where income is received prior to fund raising activities being completed, such income is deferred within Other Creditors until such time that the fijnd raising activities have been completed and the charity has an irrevocable right to the income. Resources expended Expendire is recognised on an accalS basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to whi¢h it relates. Charitable donations Chatitablc donations arc accounted for when an irrevocable con)mitment lo make payment has been made. Governance costs These include the costs attributable to the charity's compliance with ConstitiOnal and statutory requirements. including audit, strategic rnanagement and trustee's meetings and reimbursed expenses. Tangible fixed assets Tangible assets are recorded at cost less dq)reciation. Depreciation Depreciation is provided on tangible fixed assets so as to write off the ¢ost or valuation, less any estimated residual value. over their expected useful economic life as follows: Asset Class Computer equipment Depreclatlon method 3 year straight line Cash accounting policy Cash and cash equivalents include cash in-hand and cash held in current accounts with UK banks.
Assoclatlon of Former Manchester United Players Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Cash floiv statement The Association has taken advantage of the exemption from preparing a cash flow statement because it fulfils the required size criteria for a small entity. Crcditors Creditors are recognised where the charity has a present obligailon resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measure or estimated reliably. Creditors are nornially recognised at their settlement amount. Fund accounting Unrestricled fund8 are available for use at the discrction of the Trustees in furthcrancc of the general objectives of the charity. Signnificant cstimatcs and Judgcmellts The preparation of the fmancial sialements requires judgements. estimations and assumptions to be made that affect the reported values of assets, liabilities, income and expenses. The nature of estimation and judgement means ihat actual out¢omes could differ from expectation. The trustees do not Gonsider there to be any areas of significant estimate of judgement in preparing the financial statements. Financial instruments The Charities financial assets comprise tangible a&8ets, debtors and cash at bank and in hand, all of which are initially measured at fair value and then subsequently measured at amortised cosL The Charities financial liabilities comprise other creditors which are initially measured at fair value and then subsequently measured at amortised cost. Ineome from other trading activities 31 December 2023 31 December 2022 Sportsman's dinner Reunion dinner Auctions & raffles Golf day Sponsorship 24,110 10,000 5,690 4,785 40.000 16.200 12,970 10,460 8,340 25,400 Expenditure on raising funds and other donydtions 31 December 2023 31 December 2022 Sportsman'8 dinner Reunions dimier Remembering the old boys Golf day Golf shirts Administration 5,775 11,878 15,250 13,582 1,105 13,360 11,835 14.209 10,638 10,221 2.734 22,235
AssociatioD of Former Manehester United Players Notes to the Financial Statements for the Year Ended 31 December 2023 (conlinued) Charitable activities Donations have been made to the following charities: 31 December 2023 31 Deeember 2022 Back up charity Bl>the House Hospice Bury Society For The Blind And Partially Sighted Douglas Bader Foundation Failsworth United Francis House Medical Equipment 4 Kids Northenden Golf Club Reubens Retreat Salford Harriers St Anns Hospice Unity Great Outdoor Ugallda Appeal Waltham House West Coast Wheelchair Donations individually less than £500 1,000 1,000 1,000 1,000 1.000 1,000 1,000 500 1,000 1,000 575 1,000 1.000 1,000 1,000 1,050 1,000 1,000 50 1,000 1,000 345 1,000 1,000 1,000 1,000 1,000 1,000 Independent examiners remuneration 2023 2022 Independent examination 500 Trustees Costs The charity has no employees (2022.. none). 2 Trustees (2022.. 2 Trustees) each received £nil (2022.. £5,000) and reimbursement totalling £730 (2022: £730) for expenses. Taxadon The Association is a registered chaity and, as such, is entitled to certain tax exemptions ort income and profits. The Association is not registered for VAT and, accordingly, all expenditure is recorded inclusive of any VAT incurred. Related party transactions Mr A Wardle and Mr J Elms are both tStee8 of the charity. During the year they both Teceived £nil (2022: £5,000) each for consultancy services provided to the charity. io
Association of Former Manchester Unlted Players 1¥4otes to the Financial Statements for the Year Ended 31 December 2023 (contlnued) Tangible fixed assets Computer Equipment Cost Brought fonvdrd 2,301 At 31 December 2022 2,301 Depreciation Brought forward Charge for the year 769 769 At 31 December 2023 1,534 Net book value 769 io Creditors 31 December 2023 31 December 2022 Accruals and deferred income 2,820 2,320 2,820 2,320