Registered Charity Number: 328101 Association of Former Manchester United Players Annual report and financial statements for the year ended 31 December 2024
Assoeladon of Former Manchester United Players Contents Page Reference and Administrative Details Tnlees, report 2to3 sthtement of Trustees, Responsibilities Independent Examiners, report Statcmcnt of Financial Activities Balance Sheet Notes to the Financial Statements 8toll
Assoclation of Former Manehester United Players Reference and Admfinlstrative Detalls Trnstees Mr Alan Wardle Mr Jame5 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 Stockport Cheshire SK7 IJX Independent Examiner l.G. MO15 Downham MoTfi5 & Co 45-49 Greek Street Stockport SK3 8AX Sollcitors Linder Myers LLP Phoenix House 45 Cross Str¢¢t Manch¢ster M2 4JF Bankers Barclays Bank 12 Crofts Bank Road Urn]ston Manchest¢r M41 OTS
Assoclat6on of Former Manchester United Players Trustees? Report The Trustees present their report and audited financial slat¢ments of the charity for the y¢ar ¢nd¢d 31 D¢cember 2024. Objectives gnd actlvltles Objects and aims The objective of the charity is to apply both the capital and income thereofto, oi for, the ielief ofthe poor and needy or to, or for, such other charitable purpose, institution, society or objective as the Association shall in duly constituted meeting from time to time direct. Whilst the objectiv¢ of the founding deed are wide, the Association is primarily concerned with the support or charities in Cheshii'e, Greater Manchester and Lancashii'e and chai-ities nominated by members of the Association. Public benefit The charity enables and encourages charitable giving and if a surplus is generated it is used to provide increased donations to ¢hu'ities and other good causes. The Trustees Confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wale5. Trustees The Trustees, who acted throiighout the year and up to the date of this report, were as follows:. Mr Alan Wardle Mr James Elms Mr Wilfred McGuinness (resigned l July 2024) Mr Alan Gowling Mr lthonY Whelan {appointed l July 2024) The chairman of the Trustees was Mr Alan Wardle. The Trustees are appointed by the members of the Association, and appropriately ti'ained on induction. Advisors who acted throughout the year are listed on page l. Structure? governance and mAnagement Constltutlon and management The constitution ofthe Associationwas establish¢d by a TrustDeed dated 24, November 1988. The registered name and trading name of the charity is the Association of Former Manchester Unit¢d Players (the 'Association'). The charity is registered with the Charity Commission for England and Wales under Tegistered number 32810 l. The address of the registered office is I l Ridgmont Road, Branihall, Stockport, Cheshire, SK7 IJX. The management of the Association is run by the Trustee5 wilh co-opted asslstance where appropriate. The Trustees hold regular meetings thToughout the year at which appropriate lld raising events are agreed and organised, requests for charitable support are examined and the Association's cun'ent 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 cliarities and other good causes.
Association of Former Manehester United Players Trustees, Report (continued) Results and activities Total incoming resources during the year amounted to £55,427 (2023: £84,585). DuriThg the year the Trustees approved expenditure of£57,460 (2023: £60,737) to finance the fundi'aising activities andthe provisionofdonations of £7,000 {2023= £13,345). The net outgoing resources amounted to £9,033 (2023: incoming £10,503) and this has been transferred tolfrom the accumulated uni-estricted income nd. Funds aTe piimarily raised from events such as golf days and sportsman's dinners orgdnised by the Association. Reserves policy Thc Tru%lces regularly monitorthe reserves policy and the level of policy and the level of reserves with the intention of ensuriDg thai they are at all times adequate to meet all the con]mitted donation5 atth provide sutricienl resourccs to finance forthcoming fund raising events. Following the Tcwlts in the year cnded 31 Dccember 2024. thc trustees feel an appropriafr level of reservcs is £1 0.000. which was the net outgoings that ycar. As events are put on and donations to be made are agreed, th¢ reserves level is monitored to ensure these can be covercd as well. The total unrestricted fi]nds as at 31 December 2024 is £16,512 (2023: £25,545) of which £6,512 (2023- £15.545) are all free reserves. This is higher than the aimed level as the trustees hope to be able to make donations in the following year. Investment pollcy Investments are held in the form of short-term cash deposits at the appropriate interest rates at banking instiMtions. Risk Management The TnteeS have reviewed the risks lo the Association and are satisfied with procedures in place to Cover those risks. This involved identifying the types of risks th¢ Charity faces and identifying any means of mitigating those Plans for future periods The Trustees plan to continue to increase the value 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 fonn into the foreseeable future. The annudl ieport was approved by the trustees of the Lharity on . 2711012025 and signed on its bchalf by.. James Elms Trustee
Assoclathon of Former Manchester United Players Statement of Trustees, Responsibilities Statement of Trustees, responsibllfities The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practic¢). The law applicable to charities in England and Wales requires the Ttustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the tTUStees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in th¢ Charities SORP. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subj ect to any material departures disclosed and explained in the finan¢ial statements. and prepare the financial staternents on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible forthe keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable a¢cura¢y at any time tlie financial position of the charity and enabl¢ th¢m to ensure that the financial statements complywith the Charities Act 201 I, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the Trust Deed. The Trustees 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 information 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. 271101202r Approvedby the TrSteeS of the charity on ..................... and signed on its behalf by.. James Elms TSlee
Association of Former Manchester United Players Independent Examiner's Report to the Trustees of the Association of Former Manchester United Players I report to the Trustees on my examination of the accounts of Association of Fonner Manchester United Players for the year ended 31 December 2024. Responsibilities and basls of report As thc charity TnleeS ofAssociation ofFomer Manchester United Players, you are responsible forthe prepardtion of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')- I report in respccl of my examination of the Association of Fomjer Manchester United Players accounts Calcd out under section 145 of hc 2011 Act and Ldtrying out my examination I havc followed all the applicable Directions given by the Charity Cominission under section 145(5)(b) of the Act. Independent examiner's statement I havc completed my examination. I confimi that no material matters hav¢ Come to my attention in conn¢¢tion with thc examination giving me cause to believc that in any Tnaterial rcspcct.. accounting records were not kept in respect of A&sociations of forn]erManchesterUnited Players as required by s¢ction 130 of the Act. or the accounts do not accord with those records. or the accounts do not comply with th¢ applicabl¢ requirements concerning tlie forni and cont¢nt of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue 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 matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I.G. MolS Downham MoiTiS & Co Date .
Associatlon of Former Manchester Unlted Players Statement of Financlal Activities for the Year Ended 31 December 2024 UnrestrActed fund5 2024 Unrestrleted funds 2023 Note Income and endowments from: Other trading activities 55,427 84,585 Total income 55,427 84,585 Expendlture on: Other trading activities (57,460) (60,737) Expenditure on charitable activities (7,000) (13,345) Total resources expended (64,460) (74,082) Net movement in fund5 (9,033) 10.503 Reconeiliation of funds: Total funds brought forward 25,545 15,042 Total fidS carried forward 16,512 25,545 All of the charity'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 financial statements.
Assoclation of Former Manchester Unlted Players (Reglstration number: 328101) Balance sheet as at 31 December 2024 Note 2024 2023 Flxed assets Tangible assets 767 Current assets Cash at bank and in hand 17,712 27,598 Total current assets 17,712 28,365 Current Llabilities Creditors io (1,200) (2,820) Net Assets 16,512 25,545 Funds of the charity Unrests'i¢ted income i total charity fvnds 16,512 25,545 271101202C and were signed The fmancial stat¢ments onpages 6 to I I were approved by the Board ofTrustees on.. on its behalf by: James Elms Trustee The note5 on pages 8 to I I forni an Inteal part of these financial statements.
Association of Former Manchester Unlted Players Notes to the Financial Statements for the Year Ended 31 December 2024 Accounting policles Statement of compliance The financial stateincnts have been prepar¢d in accordance with Accounting and Reporting by Chai-ities.. Statementof RecommLndcdPI'actice applicable to eharitics prcpaiing theii. accounts in accoi-dancewith theFinancial Reporting Standai-d applicablc in the UK and Republic of Ireland (FRS 102) (effective l Januaiy 2019)- (C.harities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity meets the definition of the public benefit entity under FRS 102. Basi5 of preparation Assets and liabilities arc initially recognised at historical cost or transaction value unless otherwise stated in thc relevant accounting policy notcs. The financial stalcmcnts are prepared in pound stCTling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. Going Concern The TNstees consider that there are no material uncertainties about 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 Donatlons Income from donations is accounted for on receipt. Incoming resources - Aetivities for generaling funds Incoming resources from fundraising a¢tivities are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuTacy. Where incorne is received prior to fijnd raising activities being completed, such income is deferred within Other Creditors until such time tliat the fund raising activities have been completed and th¢ charity has an irrevocable right to the incorne. Resources expended Expenditure is recognised on an accrualsbasis as a liability is incurred. Expenditure includes anyVAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitable donations Charitable donations are aeeounted for when an ievOCabIC committncnt to make payment has been made. Covernance costs These include thc costs attributable to Ihc charity's compliance with constitutional and statutory requiremcnts, including audit. strategic managetT]ent and trustee's meeting8 lind rcimburscd cxpcnscs. Tangible fixed assets Tangible assets are recorded at Cost less depreciation. Depreciation Depreciation is provided on tangible fIxed assets so a5 to write off the cost or valuation, less any estimated residual valuc, ovcr their expect¢d useful cconomic life as follows: Asset Class Computer equipment Depreciatlon Tnethod 3 year straight line Cash accountlng policy Cash aiid cash equivalents include cash in-hand and cash held in CUiTent accounts with UK banks.
Association of Former Manchester United Players Notes to the Flnsincial Statements for tlie Year Ended 31 December 2024 (continued) Cash flow statement The Association has taken advantage of the exemption from preparing a cash flow stateittent because it fuifils the required size criteria for a small entity. Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfcr of funds to d ihird pty the amount due to bcttle the obligation can be mea%ured or estimated reliably. Creditors ate norn]ally rcLugnised at their settlemcnt amount. Fund 2ecounting Unrestricled funds arc available for usc at the discretion of the Trns(ees in furiherance of the general objectives of thc cliarity- Significant estimates and Judgements Thc preparation of thc financial statcments requir&8 judgementg, ¢stimations and assurnptions to bc made that affect the reported values of assets, liabiliti¢s. incomc and expenscs. The naturc of estimation and judgement mcans that acthal outcomes could differ from expectation. The Trustees do not consider ther¢ lo bc any areas of significant estimate of judgcment in preparing the financial statemenls. Financial Instruments The Charity's financial assets coniprise tangibl¢ assets, debtors and cash at bank and in hand, all of which ar¢ initially mcasured at fair value and then subsequently m¢asured at amortised cost. The Charity's financial liabilities comprise other creditors which al-e initially measured at fair value and then subsequently measured at amortised cost. Income from other trading activities 31 December 2024 31 December 2023 Sportsman's dinners Reunion dinners Auctions & raffles Golf days Sponsorship 16,912 16,620 3,870 6,345 11,680 24,110 10,000 5,690 4.785 40,000 Expenditure on raising funds and other donations 31 Deeembcr 2024 31 December 2023 Sportsman's dimiers Reunions dinners Remembering the Old Boys Golf days Golf shirts Adniinistration 6,789 5.843 7.050 11,456 749 25,573 5,775 11,878 15.250 13,582 ,105 13,147
Associalion of Forn)er Manchester United Players Notes to the FinAnclal Statements for the Year Ended 31 December 2024 (continued) Charitable activities Donations have be¢n made to the following charities- 31 Deeember 2024 31 December 2023 Back up charity Blythc Hou8c Flospice Bury Society For The Blind And Partially Sighted Douglas Bader Foundation Francis Housc Medical Equipment 4 Kids Northenden Golf Club Reubcns Rctrcat Salford Harriers St Anns Hospice Unity Great Outdoor Waltham House West Coast Wheelchair Donations individually less than £500 1,000 1,000 1,000 1,000 ,000 1,000 345 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1.000 1,000 1,000 1,000 1,000 1,000 Independent exaTniners remuneration 2024 2023 Independent examination 550 500 Trustees Costs The charity has no employees (2023.. none). 2 Trustees (2023: 2 Trustees) each received £2,500 (2023.. £nil) and reimbursement totaling £nil (2023: £730) for expenses. Taxation The AssocAation is a registered charity and. as such. is entitled to certain tax exemptions on income and profits. The Association is not reElStercd for VAT and, accordingly, all expenditure is rccordcd inclusive of any VAT incurred. Related party transactions Mr A Wardlc and Mr J Elms are both Trnstees of the charity. During the year theyboth received £2,500 (2023: £nil) each for consultancy serviccs provided to the charity. io
Association of Former Manchester United Players Notes to the Financial Statements for the Year Ended 31 Deeember 2024 (contlnued) Tangible red assets Computer Equipment Cost Brought forward 2,301 At 31 December 2024 2,301 Depreclation Brought forward Charge for the year 1,534 767 At 31 December 2024 2,301 Net book value At 31 December 2024 io Creditors 31 December 2024 31 December 2023 Accruals and deferred income 1,200 2,820 1.200 2,820 li