STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Company limited by guarantee

Company Registration Number:
13954827 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company runs the following programs and initiatives: Sports and Physical Activities: Football activities and fitness classes for individuals who cannot afford the high costs of participating in social and sports activities. Health and Wellbeing Workshops and Awareness Programs: Delivered in partnership with Stockwell Trust, these programs support adults and young people facing challenges related to the current cost-of-living crisis. Mental Health Awareness Sessions: Targeted on young adults and youth at risk of developing mental health issues due to the post-COVID environment and the ongoing cost-of-living challenges. Employment Skills Support: Offered in collaboration with Copef , helping participants enhance their employment opportunities. This also offer confidence skills, motivation and encourage participants to take employment opportunity. Community and Social Engagement Activities: Includes sports, physical activities, wellbeing initiatives, food bank access, and volunteering work placements. Referral and Signposting Services: Directing individuals to benefit advice and other essential services. Benefits of Our Activities Volunteer and Staff Development: Six volunteers and three staff members have gained positive outcomes through their involvement. Most of them are young adults who serve as role models in the community. Support for Adults and Young People: Our activities have benefited both adults and young people in the Lambeth community, particularly underrepresented groups and individuals with learning disabilities. Access for Low-Income Residents: Local residents from low-income communities have been able to participate in our activities or visit our services. Increased Demand in 2023-2024: We have witnessed a 25% increase in demand for our services. - 85 people have accessed our services, with many more on the waiting list. As we grow, we hope to accommodate these individuals. Employment Opportunities: - 15 individuals have secured jobs as a direct result of our programs, with more opportunities expected for our beneficiaries. Our Impact Our social value activities continue to make a significant impact on young people facing life challenges. The club remains open to partnerships to deliver sports, physical activities, and support services for young people and adults facing mental health challenges and employment barriers.

Company policy on disabled employees

The company is committed to promoting equality of opportunity and inclusion for all individuals, including those with disabilities. Our policy on disabled employees is as follows: Recruitment and Employment: We ensure that all job applicants, including those with disabilities, receive fair consideration for employment opportunities. Job advertisements and application processes are designed to be accessible to individuals with disabilities. Reasonable Adjustments: The company is committed to making reasonable adjustments to the workplace or job roles to accommodate employees with disabilities. This includes adapting workspaces, modifying equipment, or adjusting working hours where necessary. Retention and Development: We actively support the career development and progression of disabled employees. Training programs and career advancement opportunities are provided in an inclusive manner. Awareness and Training: Staff and management are trained to understand and respect the needs of disabled employees, fostering a supportive and inclusive workplace culture. Equal Opportunities: Disabled employees have equal access to all company benefits, facilities, and services. We ensure that no individual is treated less favourably due to a disability in terms of remuneration, promotion, or disciplinary actions. Ongoing Support: The company regularly reviews its policies and practices to ensure they remain effective and inclusive. We maintain an open-door policy, encouraging employees to communicate any challenges or support needs related to their disability. By upholding this policy, the company demonstrates its commitment to diversity, inclusivity, and equality in the workplace, ensuring that all employees, regardless of ability, can contribute fully to the success of the organisation.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Francis Mampuli
Didie Matuba


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 December 2024

And signed on behalf of the board by:
Name: Francis Mampuli
Status: Director

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 13 months to 31 March 2023


£

£
Turnover: 25,000 19,800
Cost of sales: ( 23,000 ) 0
Gross profit(or loss): 2,000 19,800
Distribution costs: ( 2,000 )
Administrative expenses: ( 5,000 ) ( 18,295 )
Other operating income: 3,000
Operating profit(or loss): (2,000) 1,505
Interest receivable and similar income: 300
Interest payable and similar charges: ( 505 )
Profit(or loss) before tax: (2,205) 1,505
Tax: 0
Profit(or loss) for the financial year: (2,205) 1,505

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Balance sheet

As at 31 March 2024

Notes 2024 13 months to 31 March 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 5,500 250
Investments: 4 5,000 0
Total fixed assets: 10,500 250
Current assets
Stocks: 5 300 455
Debtors: 6 120 250
Cash at bank and in hand: 1,000 200
Investments:   0 0
Total current assets: 1,420 905
Prepayments and accrued income: 30 550
Creditors: amounts falling due within one year: 7 ( 6,600 ) ( 200 )
Net current assets (liabilities): (5,150) 1,255
Total assets less current liabilities: 5,350 1,505
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 1,500 ) 0
Accruals and deferred income: ( 2,000 ) 0
Total net assets (liabilities): 1,850 1,505
Members' funds
Profit and loss account: 1,850 1,505
Total members' funds: 1,850 1,505

The notes form part of these financial statements

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 December 2024
and signed on behalf of the board by:

Name: Francis Mampuli
Status: Director

The notes form part of these financial statements

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover policy outlines how revenue from goods and services is recognised, recorded, and managed by the company. It ensures compliance with accounting standards like IFRS 15 and GAAP, and guarantees accurate financial reporting. Turnover is defined as total revenue from core activities, excluding VAT, discounts, and refunds. Revenue is recognised when goods are delivered or services completed, and payment is likely to be collected. The policy includes provisions for discounts, returns, and allowances, and mandates regular reconciliations and audits. The finance department oversees implementation, with annual reviews to ensure compliance with changing standards.

    Tangible fixed assets depreciation policy

    Our tangible fixed assets depreciation policy uses the straight-line method, allocating depreciation equally over the asset's useful life. The useful life and residual value are reviewed annually. Depreciation is adjusted if an asset is impaired or disposed of. The policy ensures compliance with accounting standards and accurate financial reporting.

    Intangible fixed assets amortisation policy

    Yes, our prepared accounts include an intangible fixed assets amortisation policy. This policy outlines the systematic allocation of the cost of intangible assets (such as patents, trademarks, and goodwill) over their useful life, using the straight-line method unless another method better reflects the asset’s consumption. Amortisation schedules are reviewed annually.

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 13 months to 31 March 2023
    Average number of employees during the period 3 3

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 0 0 0 250 0 250
Additions 0 0 0 250 0 250
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 5,000 0 5,000
At 31 March 2024 0 0 0 5,500 0 5,500
Depreciation
At 1 April 2023 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 March 2024 0 0 0 0 0 0
Net book value
At 31 March 2024 0 0 0 5,500 0 5,500
At 31 March 2023 0 0 0 250 0 250

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed assets investments note

we have investments money help for long term include loan from the bank

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Stocks

2024 13 months to 31 March 2023
£ £
Stocks 300 455
Payments on account 0 0
Total 300 455

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Debtors

2024 13 months to 31 March 2023
£ £
Trade debtors 120 250
Total 120 250
Debtors due after more than one year: 0 0

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due within one year note

2024 13 months to 31 March 2023
£ £
Bank loans and overdrafts 0 200
Amounts due under finance leases and hire purchase contracts 6,600 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 6,600 200

COMMUNITY INTEREST ANNUAL REPORT

STOCKWELL STRIKERS FOOTBALL ACADEMY CIC

Company Number: 13954827 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company runs the following programs and initiatives: Sports and Physical Activities: Football activities and fitness classes for individuals who cannot afford the high costs of participating in social and sports activities. Health and Wellbeing Workshops and Awareness Programs: Delivered in partnership with Stockwell Trust, these programs support adults and young people facing challenges related to the current cost-of-living crisis. Mental Health Awareness Sessions: Targeted on young adults and youth at risk of developing mental health issues due to the post-COVID environment and the ongoing cost-of-living challenges. Employment Skills Support: Offered in collaboration with Copef , helping participants enhance their employment opportunities. This also offer confidence skills, motivation and encourage participants to take employment opportunity. Community and Social Engagement Activities: Includes sports, physical activities, wellbeing initiatives, food bank access, and volunteering work placements. Referral and Signposting Services: Directing individuals to benefit advice and other essential services. Benefits of Our Activities Volunteer and Staff Development: Six volunteers and three staff members have gained positive outcomes through their involvement. Most of them are young adults who serve as role models in the community. Support for Adults and Young People: Our activities have benefited both adults and young people in the Lambeth community, particularly underrepresented groups and individuals with learning disabilities. Access for Low-Income Residents: Local residents from low-income communities have been able to participate in our activities or visit our services. Increased Demand in 2023-2024: We have witnessed a 25% increase in demand for our services. - 85 people have accessed our services, with many more on the waiting list. As we grow, we hope to accommodate these individuals. Employment Opportunities: - 15 individuals have secured jobs as a direct result of our programs, with more opportunities expected for our beneficiaries. Our Impact Our social value activities continue to make a significant impact on young people facing life challenges. The club remains open to partnerships to deliver sports, physical activities, and support services for young people and adults facing mental health challenges and employment barriers.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 December 2024

And signed on behalf of the board by:
Name: Franci Teka Mampuli
Status: Director