REGISTERED CHARITY NUMBER: 507170 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 FOR STAFFORDSHIRE LADSANDADS CLUB
STAFFORDSHIRE LADSANDADS CLUB CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 May 2024 Page Report of the trustees Independent examlner's report Statement of financlal actlvltles Balance sheet Notes to the flnanclal statements 6 to 11
STAFFORDSHIRE LADSANDADS CLUB REPORT OF THE TRUSTEES for the Year Ended 31 May 2024 The trustees present their report with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectlves and alms Staffordshire Ladsandads is a grassroots football organisation founded in 1967 with a mission of providing children with a platform to enjoy and play football in a safe, non-pressured environment. Its ethos has always been focussed on inclusion and participation, encouraging children of all abilities. Signlficant activities The charity provides organised football for children played under the names of the North Staffs Junior Youth League (ages 7-18) which now includes the North Staffs Youth League merged in May 2024. Our Branches were closed in 2024 and replaced by four self-managed football Centres under long term leases which ar8 controlled by independent voluntary management. Public beneflt The trustees have regard to all the guidance issued by the Charity Commission on public benefit. The charity provides for children to take part in physical recreation and to receive appropriate training and coaching. Volunteers We have many volunteers who are responsible for the management of the football league, organising fixtures, providing welfare and safeguarding guidance to the children, managing buildings, playing fields, equipment and budgets to ensure smooth running of the football Centres. ACHIEVEMENT AND PERFORMANCE The trustees would like to thank all volunteers and acknowledge the assistance provided by all voluntary officials at the Centres during the year in helping to achieve the objectives of the charity. Their work and commitment ensured organised sport benefitted over 6000 children providing a public benefit for the children to take part in physical recreation and receive appropriate training and coaching and enhancement to their leisure time. Funds provided by the Football Foundation enabled the Centres to improve playing facilities to a standard needed to maintain high standards of availability and safety. FINANCIAL REVIEW Flnancial position Total funds at 31 May 2024 were £380,832 (2023 £402,976) Principal funds are obtained from registrations, subscriptions and fees paid by individual players and teams. Reserve5 poIIcy Reserve funds are held by the charity to sustain Centres facilities and cater for unplanned financial costs STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 507170 Page 1
STAFFORDSHIRE LADSANDADS CLUB REPORT OF THE TRUSTEES for the Year Ended 31 May 2024 Principal address 23 Slafford Avenue Newcaslle-under-Lyme Staffordshire ST5 3BN Trustees Mrs J E Findler C Dean Mrs S Sheldon Mrs P J Tideswell B Cowie MLCole M S Porter P Edwards S Vasey {appointed 23.4.241 Independent Examlner Helen Tidyman DPC Accountants Ltd Stone House Stone Road Business Park Stoke-On-Trent ST4 6SR Banker5 Barclays Bank PIC 118 High Street Newcastle-under-Lyme Staffordshire ST5 1PT Approved by order of the board of trustees on and signed on its behalf by: C Dean - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STAFFORDSHIRE LADSANDADS CLUB Independent examiner's report to the trustees of Staffordshlre LadsanDads Club I report to the charity trustees on my examination of Ihe accounts of Staffordshire LadsanDads Club (Ihe Trust) for the year ended 31 May 2024. Responsibilities and basis of report As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried oul under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145{5){b} of the Act. Independent examlner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can Gonfirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the lisled bodies. I have completed my examination. I confim that no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a trua and fair view which is not a matt8r 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 b8 reached. Helen Tidyman The Institute of Chartered Accountants in England and Wales DPC Accountanls Ltd Stone House Stone Road Business Park Stoke-On-Trent ST4 6SR Dale: ..a14...S....a.S....... Page 3
STAFFORDSHIRE LADSANDADS CLUB STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 May 2024 31.5.24 Total funds 31.5.23 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 6,389 6,389 13,812 Charltable actlvltles Registrations, subscripiions, fees etc Sundry charitable Pitch Maintenance 141,415 2,811 141,415 2,811 77,056 186,915 4,530 (11,962) 77,056 Other trading activities Investment income 29,738 139 29,738 139 46,497 25 Total 180,492 77,056 257,548 239,817 EXPENDITURE ON Raising funds 19,494 19,494 22,954 Charltable a¢tlvltla$ Sundry charitable Trophiés Hire of facilities Football Strips Pitch Maintenance 16,877 10,874 8,785 6,842 9,497 16,877 10,874 8,785 6,842 90,954 14.964 13,354 9,729 3,945 100,327 81,457 Olher 131,882 131,882 96,893 Total 204,251 81,457 285,708 262,166 NET INCOMEI(EXPENDITURE> Transfers between funds (23,759) 31,964 (4,401 } 131,9641 (28,160) (22,349) 10 Net movement In funds 8,205 136,365) {28,160) (22,349) RECONCILIATION OF FUNDS Total funds brought forward 358,982 50,010 408,992 425,325 TOTAL FUNDS CARRIED FORWARD 367,187 13,645 380,832 402,976 The notes form part of these financial statements Page 4
STAFFORDSHIRE LADSANDADS CLUB BALANCE SHEET 31 May 2024 31.5.24 Total funds 31.5.23 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets 97,244 97,244 108,849 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 871 7,783 307,689 1,838 273,835 13,635 10 15,473 273,845 275,673 13,645 289,318 316,343 CREDITORS Amounts falling due within one year {5,730} (5,730) {22,216} NET CURRENT ASSETS 269,943 13,645 283,588 294,127 TOTAL ASSETS LESS CURRENT LIABILITIES 367,187 13,645 380,832 402,976 NET ASSETS 367,187 13,645 380,832 402,976 FUNDS Unrestricted funds Reslricled funds 10 367,187 13,645 352,966 50,010 TOTAL FUNDS 380,832 402,976 The financial statements were approv8d by the Board of Trustees and authorised for issue on and were signed on its behalf by: C Dean - Trustee The notes form part of these financial statements Page 5
STAFFORDSHIRE LADSANDADS CLUB NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 May 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recomménded Practice applicable to charities preparing their aGGounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial ststements have been prepared undar the hislorical cost convention. Income All income 15 recognised in the Statem8nt of Flnanclal Activities once the charity has entillement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing th8 charity to that expenditure, it is probable that a transfer of economic benefits will b8 required in settlement and the amounl of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activilies on a ba515 consistent with the use of resources. Tangible fixed assets Depreciation is provided al the following annual rate5 in order to write off each asset over its estimated useful Ilfe. Plant and machinery 15./0 dUcIng balance The trustges have carrled out a review of the expenditure on the Blurton LadsanDads building and this has bean depreciated from 2024 over the remaining life of the lease.. The asset has also been transferred to unrestricted funds as the asset should not be classified as a restricted asset. It was a designaled fund for the expenditure, which was expended. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from tax on its Charitable activities. Fund a¢countlng Unrestricted funds can be used in accordance with the charltsble oblecllves at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes to Ihe financial statements. Page 6 continued...
STAFFORDSHIRE LADSANDADS CLUB NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 May 2024 OTHER TRADING ACTIVITIES 31.5.24 31.5.23 Refreshments and canteen Sundry fundraising 26,813 2,925 42,489 4,008 29,738 46,497 INVESTMENT INCOME 31.5.24 31.5.23 Deposit account interest 139 25 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneflts for the year ended 31 May 2024 nor for th8 year ended 31 May 2023. Tru5tees' expenses During the year £3,008 12023 £1,900) was reimbursed to the trustees of the charity in r8SP8Ct of motoring costs and telephone usage. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 13,812 13,812 CharStable actSvities Registrations, subscriptlons, fees etc Sundry charitable Pitch Maintenance 186,915 4,530 186,915 4,530 {11,962) {11,9621 Other trading activities Inveslment income 46,497 25 46,497 25 Total 251,779 (11,962) 239,817 EXPENDITURE ON Raising funds 22,954 22,954 Charitable activitles Sundry charitable Trophies Hire of facilities Football Strips Pitch Maintenanc8 14,964 13,354 9,729 3,945 90,859 14,964 13,354 9,729 3,945 100,327 9,468 Other 96,893 96,893 Total 252.698 9,468 262,166 Page 7 continued...
STAFFORDSHIRE LADSANDADS CLUB NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 May 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund Total funds NET INCOMEIIEXPENDITURE) Transfers between funds (919) 1,619 {21,430) {1,6191 (22,349) Net movement in funds 700 123,049} (22,349) RECONCILIATION OF FUNDS Tolal funds brought forward 352,266 73,059 425,325 TOTAL FUNDS CARRIED FORWARD 352,966 50,010 402,976 TANGIBLE FIXED ASSETS Plant and machinery Cost At 1 June 2023 Additions Disposals Grants 137,622 32,419 (19,807) (17,622) At 31 May 2024 132,612 Depreciation At 1 June 2023 Charge for year Eliminated on disposal 22,759 13,994 {1,385) At 31 May 2024 35,368 Net book value At 31 May 2024 97,244 At 31 May 2023 114,863 Capital grants received are set off against capital expenditure made by the charity. Page 8 continued...
STAFFORDSHIRE LADSANDADS CLUB NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 May 2024 STOCKS 31.5.24 31.5.23 Stocks 871 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.24 31.5.23 Trade debtors Other debtors Prepayments 855 13,635 983 6,911 872 15,473 7,783 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.24 31.5.23 Trade creditors Other creditors 22,216 5,730 5,730 22,216 10. MOVEMENT IN FUNDS Nel movemént in funds Transfers between funds Al 31.5.24 At 1.6.23 Unrestrlcled funds General fund 358,982 123,759) 31,964 367,187 Restricted funds Reslricled fund 50,010 (4,401) (31,9641 13,645 TOTAL FUNDS 408,992 (28,160) 380,832 Net movement in funds, included in the above are as follows.. Incoming resourc8S Resources expended Movement in funds Unrestricted funds General fund 180.492 1204.251) (23,7591 Restricted funds Restricled fund 77,056 (81,457) (4,401) TOTAL FUNDS 257,548 (285,708) (28,160) Page g continued...
STAFFORDSHIRE LADSANDADS CLUB NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 May 2024 10. MOVEMENT IN FUNDS- contlnued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.5.23 At 1.6.22 Unrestrlcted funds General fund 352,266 (9191 1,619 352.966 Restricted funds Restricted fund 73,059 121,4301 (1,619) 50,010 TOTAL FUNDS 425,325 122,3491 402,976 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement In funds Unrestricted funds General fund 251,779 (252,6981 {919) Restrlcted funds Restricted fund 111,962} (9,468) (21,430) TOTAL FUNDS 239,817 (262,1661 (22,349) A current year 12 months and prior year 12 months comblned posltion Is as follows: Net movement in funds Transfers between funds At 31.5.24 At 1.6.22 Unrestrlcted funds General fund 352,266 (24,678) 33,583 361,171 RestrlGtgd fund8 Restricted fund 73,059 (25,831) (33,583) 13,645 TOTAL FUNDS 425,325 (50,509) 374,816 Page 10 continued...
STAFFORDSHIRE LADSANDADS CLUB NOTES TO THE FINANCIAL STATEMENTS - contlnued for the Year Ended 31 May 2024 10. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months Combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Genaral fund 432,271 {456,949) (24,678) Restricted funds Restricted fund 65,094 (90,925) (25,831) TOTAL FUNDS 497,365 (547,874) (50,509) Restricted Funds In 2003 Blurton LadsanDads contributed £50,000 lowards premises plant and equipm8nt under a 30 year agreement for use by its members. The £50,000 has been transferred to unrestricted funds in the year and depreciated over the remaining life of the lease. The trustees do not consider the funds to be restricted more designated expenditure which is unrestricted. The Central management committee continues to operate a Touring fund which has a balance of £10. The other restricted funds amounting to £13,635 relate lo restricted grants receivable in relation to expenditure incurred In th8 y8ar 8nded 31 May 2024. The grant has been r8c&ived following the end of the financial period. 11. RELATED PARfY DISCLOSURES There were no relat8d paty transactions for the year ended 31 May 2024. Page11