REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements For The Year Ended 30 June 2023 |
for |
Sheffield And Hallamshire County |
Football Association Limited |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements For The Year Ended 30 June 2023 |
for |
Sheffield And Hallamshire County |
Football Association Limited |
Sheffield And Hallamshire County |
Football Association Limited |
Contents of the Financial Statements |
For The Year Ended 30 June 2023 |
Page |
Report of the Trustees | 1 | to | 4 |
Report of the Independent Auditors | 5 | to | 7 |
Statement of Financial Activities | 8 |
Balance Sheet | 9 |
Cash Flow Statement | 10 |
Notes to the Cash Flow Statement | 11 |
Notes to the Financial Statements | 12 | to | 21 |
Sheffield And Hallamshire County |
Football Association Limited (Registered number: 04236669) |
Report of the Trustees |
For The Year Ended 30 June 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. 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 (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives, aims and significant activities |
The principal objects are to promote, develop and support community participation in healthy recreation by providing or assisting in the provision of facilities for the playing of the game of football and such other sports or physical activities which improve fitness and health (facilities means land, buildings, equipment and organising sporting activities); to advance amateur sport by promoting the amateur playing of the game and such other sports or games which promote health by involving physical or mental skill or exertion and which are undertaken on an amateur basis; to advance education (including academic and physical education) by such means as the trustees think fit including helping and educating children and young people by providing facilities for the playing of the game and other sports as to develop their physical, mental and social capacities that they may grow to full maturity as individuals and members of the community; and to relieve people with disabilities, learning difficulties or ill-health by the provision of facilities for the playing of the game and other sport, recreation or leisure time occupation in the interests of social welfare and with the object of improving the conditions of life of such people. |
Public benefit |
The trustees confirm that they have had regard to the Charity Commission's guidance on public benefit. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
The principle objective of the company is to promote community participation in physical activity. The company strives to create an environment where regardless of age, ability, faith, gender, sexuality, or background people from across the region are able to enjoy participation in football. |
The main activities undertaken by the charity to further the charitable purposes for public benefit include provision of football governance and administration of competitions, football development, safeguarding, training of referees, supporting facility development and grass pitch improvement. |
Fundraising activities |
The company attracted grant funding from The FA plus additional football funding. |
Strategic review |
A major area of activity during the year was the Associations' move towards compliance with The FA Code of Governance for County FAs. Members voted overwhelmingly to support the Board in refreshing the Articles of Association at September's Extraordinary General Meeting. The Articles now allow for and encourage greater diversity and representation across our structures, including the appointment of independent Trustees. As part of governance related activity, the Association undertook an independent Board audit which was commissioned by the FA. The audit report included a number of recommendations, one of which was that Brain Coddington be appointed as the Chair of the Association, which was unanimously supported by the Trustees. |
Our current strategic plan clearly identifies that following the UEFA Women's Euros we would look to the "legacy" to help grow the number of females involved in football locally. In relation to our growth aspirations our performance in the 2022-23 season has been strong with an additional 2,250 females now playing football. We also stated our aspirations around the growth of disability football within the current strategic cycle. The Association was delighted to be informed by The FA that our County FA's performance in this area was the strongest in the country. FA KPI performance was strong across all areas, and the Association remains on course to achieve its main strategic objective of growth to 50,000 registered players by March 2024. |
Sheffield And Hallamshire County |
Football Association Limited (Registered number: 04236669) |
Report of the Trustees |
For The Year Ended 30 June 2023 |
ACHIEVEMENT AND PERFORMANCE |
Safeguarding, and attainment of the FA Safeguarding Operating Standard, remains a key part of our work. In 2022 we had a first assessment with the NSPCC, who were incredibly complimentary about the work undertaken and the culture within our Association. Safeguarding remains everyone's responsibility, our Board Safeguarding Champion and Designated Safeguarding Officer value and appreciate the work undertaken in this area by club volunteers and Welfare Officers, we are delighted that by working together we have again passed the NSPCC audit in 2023. |
FINANCIAL REVIEW |
Financial position |
The trustees report an operating surplus for the financial year of £216,225 (2022: £350,016). The cash and cash equivalents at the end of the reporting period stand at £1,520,891. |
Reserves policy |
Sheffield and Hallamshire County Football Association Limited maintains free reserves in order to fund major new initiatives and as a shield against future downturns. The trustees have established a policy of maintaining reserves at a discretionary minimum level, currently equating to 6 month's operating costs. At the end of the year the actual reserves level exceeded the policy. The reserve levels are monitored regularly by the trustees with the cash managed internally on a daily basis. This ensures that sufficient resources are available to meet the needs of continuing activities in the face of a significant drop in grant funding. |
When considering the required level of reserves the following risks have been taken into account: |
- Risk associated with each stream of income and expenditure being different from that budgeted |
- Planned activity level |
- Organisations commitments |
The overall fund balance on 30 June 2023 has increased over the past year by £216,225 to £1,811,860. The overall fund balance consists of £1,263,151 of unrestricted funds and £548,709 of restricted funds. |
The trustees consider the reserves policy in the current year to be a success as unrestricted funds of £1,263,151 have increased by £197,503 during the year. |
FUTURE PLANS |
The company has future plans to utilise reserves to develop a football facility which helps with furthering its charitable objectives and diversifying income potential. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
Sheffield and Hallamshire County Football Association Limited is a private company limited by guarantee governed by its Memorandum and Articles of Association dated 8 September 2022. It is registered as a charity with the Charity Commission. |
Recruitment and appointment of new trustees |
As set out in the Articles of Association the members appoint the independent trustees and up to six other trustees. A President may be nominated by the council and elected by the members; the Chair is appointed by the council. |
Organisational structure |
The trustees maintain governance and oversight of the charity. A Council consisting of football stakeholders along with a number of stakeholder forums are in place to allow the charity to gain stakeholder feedback. The staff team maintains responsibility for operational delivery and achievement of The FA key performance indicators. |
Decision making |
During 2021 trustees approved a new three-year strategy. Strategic implementation is delegated to the General Manager. The General Manager has overall responsibility for the company's staff. |
Induction and training of new trustees |
The company will adopt the guidance contained within the FA's Code of Governance for County FAs. |
Sheffield And Hallamshire County |
Football Association Limited (Registered number: 04236669) |
Report of the Trustees |
For The Year Ended 30 June 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Key management remuneration |
The General Manager and senior management team are considered as Key Management Personnel. All trustees give of their time freely and no trustee received remuneration during the year. Trustees review staff salaries in line with FA guidance and considering the financial performance of the charitable company. |
Engagement with employees |
The County FA undertakes an annual engagement and satisfaction survey with staff via The FA State of Play survey. |
Risk management |
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Auditors |
Chartered Accountants |
Statutory Auditor |
Unit 6, Acorn Business Park |
Woodseats Close |
Sheffield |
South Yorkshire |
S8 0TB |
Manager |
The Trustee's delegate the day to day management of the charity to S Frost, the charity's General Manager. |
Bankers |
Virgin Money |
Fargate |
Sheffield |
S1 1LL |
Sheffield And Hallamshire County |
Football Association Limited (Registered number: 04236669) |
Report of the Trustees |
For The Year Ended 30 June 2023 |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of Sheffield And Hallamshire County Football Association Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
In so far as the trustees are aware: |
- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
AUDITORS |
The auditors, Roddis Taylor Robinson, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
Approved by order of the board of trustees on |
Report of the Independent Auditors to the Members of |
Sheffield And Hallamshire County |
Football Association Limited |
Opinion |
We have audited the financial statements of Sheffield And Hallamshire County Football Association Limited (the 'charitable company') for the year ended 30 June 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
In our opinion the financial statements: |
- | give a true and fair view of the state of the charitable company's affairs as at 30 June 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. |
Other information |
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
Report of the Independent Auditors to the Members of |
Sheffield And Hallamshire County |
Football Association Limited |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of trustees' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. |
Responsibilities of trustees |
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. |
Our responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
Report of the Independent Auditors to the Members of |
Sheffield And Hallamshire County |
Football Association Limited |
The company is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the company and the environment in which it operates, we determined that the laws and regulations which were most significant included Data Protection, Health and Safety and anti-bribery legislation. We considered the extent to which non-compliance with laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks related to the posting of inappropriate accounting entries to manipulate the company results for the year and management bias in key accounting estimates. |
Audit procedures performed by the engagement team included: |
- | Discussions with management to obtain an understanding of the legal and regulatory framework applicable to the company and how it ensures compliance, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud; |
- | Reviewing minutes of Board meetings; |
- | Identifying and assessing the effectiveness of internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; |
- | Enquiring of management as to actual and potential litigation and claims and reviewing legal and professional fees; |
- | Challenging assumptions and judgements made by management in their significant accounting estimates; |
- | Identifying and testing accounting entries, in particular any entries posted with unusual account combinations or posted by senior management. |
There are inherent limitations in the audit procedures described above and the more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation or through collusion. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. |
Use of our report |
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Chartered Accountants |
Statutory Auditor |
Woodseats Close |
Sheffield |
South Yorkshire |
S8 0TB |
Sheffield And Hallamshire County |
Football Association Limited |
Statement of Financial Activities |
For The Year Ended 30 June 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 4 |
Investment income | 3 |
Other income | 5 |
Total |
EXPENDITURE ON |
Charitable activities | 6 |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,595,635 |
Sheffield And Hallamshire County |
Football Association Limited (Registered number: 04236669) |
Balance Sheet |
30 June 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 13 |
Investments | 14 |
CURRENT ASSETS |
Stocks | 15 |
Debtors | 16 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 17 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 18 |
Unrestricted funds | 1,263,152 | 1,065,648 |
Restricted funds | 548,708 | 529,987 |
TOTAL FUNDS | 1,595,635 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Sheffield And Hallamshire County |
Football Association Limited |
Cash Flow Statement |
For The Year Ended 30 June 2023 |
2023 | 2022 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 216,906 | 311,682 |
Net cash provided by operating activities | 216,906 | 311,682 |
Cash flows from investing activities |
Purchase of tangible fixed assets | (3,025 | ) | (5,774 | ) |
Interest received | 25,286 | 1,192 |
Dividends received | 20 | 16 |
Net cash provided by/(used in) investing activities | 22,281 | (4,566 | ) |
Change in cash and cash equivalents in the reporting period |
239,187 |
307,116 |
Cash and cash equivalents at the beginning of the reporting period |
1,281,704 |
974,588 |
Cash and cash equivalents at the end of the reporting period |
1,520,891 |
1,281,704 |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Cash Flow Statement |
For The Year Ended 30 June 2023 |
1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
2023 | 2022 |
£ | £ |
Net income for the reporting period (as per the Statement of Financial Activities) |
216,225 |
350,016 |
Adjustments for: |
Depreciation charges | 14,928 | 16,015 |
Interest received | (25,286 | ) | (1,192 | ) |
Dividends received | (20 | ) | (16 | ) |
Decrease in stocks | 2,706 | 1,661 |
Decrease/(increase) in debtors | 5,723 | (10,678 | ) |
Increase/(decrease) in creditors | 2,630 | (44,124 | ) |
Net cash provided by operations | 216,906 | 311,682 |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1.7.22 | Cash flow | At 30.6.23 |
£ | £ | £ |
Net cash |
Cash at bank | 1,281,704 | 239,187 | 1,520,891 |
1,281,704 | 239,187 | 1,520,891 |
Total | 1,281,704 | 239,187 | 1,520,891 |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements |
For The Year Ended 30 June 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, 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 Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount 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 activities on a basis consistent with the use of resources. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Fixtures and fittings | - |
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 corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives 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 nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2023 |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
3. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Bank interest received |
Dividends received | 20 | 16 |
4. | INCOME FROM CHARITABLE ACTIVITIES |
2023 | 2022 |
Football |
Administration |
and | Total |
Development | activities |
£ | £ |
Affiliation fees | 111,816 | 87,232 |
Competition income | 37,312 | 21,426 |
Fines and protest fees | 172,425 | 152,638 |
Sponsorship and advertising | 9,677 | 5,801 |
FA Grants | 580,422 | 699,893 |
Retail and sundry income | 1,245 | 7,112 |
Course income | 58,839 | 37,222 |
Referee income | 52,163 | 53,993 |
1,023,899 | 1,065,317 |
5. | OTHER INCOME |
2023 | 2022 |
£ | £ |
Insurance proceeds | - | 8,877 |
Job Retention Scheme Grants | - | 60 |
- | 8,937 |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2023 |
6. | CHARITABLE ACTIVITIES COSTS |
Grant |
funding of |
activities | Support |
Direct | (see note | costs (see |
Costs | 7) | note 8) | Totals |
£ | £ | £ | £ |
Football Administration and Development |
614,133 |
104,692 |
115,425 |
834,250 |
7. | GRANTS PAYABLE |
2023 | 2022 |
£ | £ |
Football Administration and Development | 104,692 | 66,959 |
8. | SUPPORT COSTS |
Other | Governance |
overheads | Finance | Depreciation | costs | Totals |
£ | £ | £ | £ | £ |
Football Administration and Development |
67,060 |
6,293 |
14,928 |
27,144 |
115,425 |
9. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Auditors' remuneration | 4,000 | 3,900 |
Auditors' remuneration for non audit work | 13,747 | 13,509 |
Depreciation - owned assets |
10. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022. |
No Trustee claimed expenses in respect of their duties as council members (2022: One Trustee claimed £60). |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2023 |
11. | STAFF COSTS |
2023 | 2022 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
581,038 | 492,366 |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Directors | 6 | 6 |
Other | 20 | 17 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: |
2023 | 2022 |
£60,001 - £70,000 |
The average number of employees includes the Directors who did not receive any remuneration for their services. |
Key management remuneration |
The total remuneration and benefits to key management personnel in the year amounted to £166,714 (2022: £177,820). |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME |
Transfers between funds | 39,866 | (39,866 | ) | - |
Net movement in funds |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2023 |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
RECONCILIATION OF FUNDS |
Total funds brought forward | 929,892 | 315,727 |
TOTAL FUNDS CARRIED FORWARD | 1,065,648 | 529,987 | 1,595,635 |
13. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 July 2022 |
Additions |
At 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
14. | FIXED ASSET INVESTMENTS |
Shares in |
group | Listed |
undertakings | investments | Totals |
£ | £ | £ |
COST LESS IMPAIRMENT |
At 1 July 2022 and 30 June 2023 | 701 |
NET BOOK VALUE |
At 30 June 2023 | 1 | 700 | 701 |
At 30 June 2022 | 1 | 700 | 701 |
There were no investment assets outside the UK. |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2023 |
14. | FIXED ASSET INVESTMENTS - continued |
Registered office: England and Wales |
Nature of business: Dormant company |
% |
Class of share: | holding |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
The market value of listed investments is £336 (2022: £326). |
15. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Course debtors | 12,998 | 7,090 |
Other debtors |
Prepayments and accrued income |
17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Tax |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2023 |
18. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.7.22 | in funds | 30.6.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,065,648 | 197,504 | 1,263,152 |
Restricted funds |
Benevolent fund | 35,885 | 770 | 36,655 |
FA - Wildcats fund | 47,837 | 25 | 47,862 |
FA - Euro host city fund | 27,564 | 34,859 | 62,423 |
FA - Women's recreational officer fund | 100,790 | (41,379 | ) | 59,411 |
FA - Innovation and inclusion fund | 29,724 | - | 29,724 |
FA - Property fund | 278,512 | (7,626 | ) | 270,886 |
Other restricted funds | 9,675 | (8,105 | ) | 1,570 |
Squad Girls | - | 12,100 | 12,100 |
Grass Pitch Support Fund | - | 489 | 489 |
Football Delivery Fund | - | 7,588 | 7,588 |
Level Playing Field Fund | - | 20,000 | 20,000 |
529,987 | 18,721 | 548,708 |
TOTAL FUNDS | 1,595,635 | 216,225 | 1,811,860 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 847,040 | (649,536 | ) | 197,504 |
Restricted funds |
Benevolent fund | 1,270 | (500 | ) | 770 |
FA - Wildcats fund | 26,800 | (26,775 | ) | 25 |
FA - Euro host city fund | 49,000 | (14,141 | ) | 34,859 |
FA - Women's recreational officer fund | 14,000 | (55,379 | ) | (41,379 | ) |
FA - Property fund | - | (7,626 | ) | (7,626 | ) |
Other restricted funds | 22,165 | (30,270 | ) | (8,105 | ) |
Squad Girls | 24,700 | (12,600 | ) | 12,100 |
Grass Pitch Support Fund | 20,500 | (20,011 | ) | 489 |
Football Delivery Fund | 25,000 | (17,412 | ) | 7,588 |
Level Playing Field Fund | 20,000 | - | 20,000 |
203,435 | (184,714 | ) | 18,721 |
TOTAL FUNDS | 1,050,475 | (834,250 | ) | 216,225 |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2023 |
18. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.7.21 | in funds | funds | 30.6.22 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 929,892 | 95,890 | 39,866 | 1,065,648 |
Restricted funds |
Benevolent fund | 34,130 | 1,755 | - | 35,885 |
FA - Wildcats fund | - | 47,837 | - | 47,837 |
FA - Euro host city fund | - | 27,564 | - | 27,564 |
FA - Women's recreational officer fund | - | 100,790 | - | 100,790 |
FA - Innovation and inclusion fund | 1,875 | 29,282 | (1,433 | ) | 29,724 |
FA - Property fund | 251,138 | 27,374 | - | 278,512 |
Other restricted funds | - | 19,524 | (9,849 | ) | 9,675 |
Standard Charter Growth fund | 28,584 | - | (28,584 | ) | - |
315,727 | 254,126 | (39,866 | ) | 529,987 |
TOTAL FUNDS | 1,245,619 | 350,016 | - | 1,595,635 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 721,502 | (625,612 | ) | 95,890 |
Restricted funds |
Benevolent fund | 1,755 | - | 1,755 |
FA - Wildcats fund | 66,623 | (18,786 | ) | 47,837 |
FA - Euro host city fund | 45,456 | (17,892 | ) | 27,564 |
FA - Women's recreational officer fund | 146,850 | (46,060 | ) | 100,790 |
FA - Innovation and inclusion fund | 34,282 | (5,000 | ) | 29,282 |
FA - Property fund | 35,000 | (7,626 | ) | 27,374 |
Other restricted funds | 25,749 | (6,225 | ) | 19,524 |
355,715 | (101,589 | ) | 254,126 |
TOTAL FUNDS | 1,077,217 | (727,201 | ) | 350,016 |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2023 |
18. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.7.21 | in funds | funds | 30.6.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 929,892 | 293,394 | 39,866 | 1,263,152 |
Restricted funds |
Benevolent fund | 34,130 | 2,525 | - | 36,655 |
FA - Wildcats fund | - | 47,862 | - | 47,862 |
FA - Euro host city fund | - | 62,423 | - | 62,423 |
FA - Women's recreational officer fund | - | 59,411 | - | 59,411 |
FA - Innovation and inclusion fund | 1,875 | 29,282 | (1,433 | ) | 29,724 |
FA - Property fund | 251,138 | 19,748 | - | 270,886 |
Other restricted funds | - | 11,419 | (9,849 | ) | 1,570 |
Standard Charter Growth fund | 28,584 | - | (28,584 | ) | - |
Squad Girls | - | 12,100 | - | 12,100 |
Grass Pitch Support Fund | - | 489 | - | 489 |
Football Delivery Fund | - | 7,588 | - | 7,588 |
Level Playing Field Fund | - | 20,000 | - | 20,000 |
315,727 | 272,847 | (39,866 | ) | 548,708 |
TOTAL FUNDS | 1,245,619 | 566,241 | - | 1,811,860 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,568,542 | (1,275,148 | ) | 293,394 |
Restricted funds |
Benevolent fund | 3,025 | (500 | ) | 2,525 |
FA - Wildcats fund | 93,423 | (45,561 | ) | 47,862 |
FA - Euro host city fund | 94,456 | (32,033 | ) | 62,423 |
FA - Women's recreational officer fund | 160,850 | (101,439 | ) | 59,411 |
FA - Innovation and inclusion fund | 34,282 | (5,000 | ) | 29,282 |
FA - Property fund | 35,000 | (15,252 | ) | 19,748 |
Other restricted funds | 47,914 | (36,495 | ) | 11,419 |
Squad Girls | 24,700 | (12,600 | ) | 12,100 |
Grass Pitch Support Fund | 20,500 | (20,011 | ) | 489 |
Football Delivery Fund | 25,000 | (17,412 | ) | 7,588 |
Level Playing Field Fund | 20,000 | - | 20,000 |
559,150 | (286,303 | ) | 272,847 |
TOTAL FUNDS | 2,127,692 | (1,561,451 | ) | 566,241 |
Sheffield And Hallamshire County |
Football Association Limited |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2023 |
18. | MOVEMENT IN FUNDS - continued |
Purpose of Restricted Funds |
Wildcats fund |
The Wildcats fund offers funding packages to entities who provide football coaching to girls aged 5 to 11 years old. |
Euro Host City fund |
The Euro Host City fund comprises money received from the FA to fund legacy projects in Sheffield and Rotherham in connection with hosting of the 2022 Women's European Football Championship. |
Women's Recreational Officer fund |
The Women's Recreational Officer fund was established through funding from the FA in connection with the 2022 Women's European Football Championship. It funds the employment of a Women's Recreational officer and other projects to promote women's football. |
Innovation and Inclusion fund |
The innovation and inclusion fund provides funding for a range of programmes that promote the game of football to everyone in society. |
Benevolent fund |
The benevolent fund offers financial support to those in football who have suffered injury or loss as a direct result of participation in or travel to County FA affiliated football. |
Squad Girls |
The Squad Girls fund offers funding packages to entities who provide football coaching to girls aged 12 to 15 years old. |
Grass Pitch Support Fund |
The Grass Pitch Support fund represents funding from the FA to cover the cost of a Football Development Administrator. |
Football Delivery Fund |
The Football Delivery Fund represents funding from the FA for league administration support. |
Level Playing Field Fund |
The Level Playing Field fund is funded by the FA to promote female football. |
19. | RELATED PARTY DISCLOSURES |
During the year ended 30 June 2023 there were no related party transactions (2022 £nil). |