REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
The Homeless World Cup Foundation |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
The Homeless World Cup Foundation |
The Homeless World Cup Foundation |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Report of the Trustees | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 | to | 8 |
Notes to the Financial Statements | 9 | to | 14 |
The Homeless World Cup Foundation (Registered number: SC293141) |
Report of the Trustees |
for the Year Ended 31 December 2022 |
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 31 December 2022. 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 and aims |
This was the 17th year of activities for The Homeless World Cup Foundation. Its overall objectives are to support the work of the international partner organisations of the Homeless World Cup around the world, and to organise and run the annual Homeless World Cup tournament. |
Achievement and Performance |
The trustees are satisfied with the performance of the Foundation over the period. The purpose of the charity is to change the lives of people who are homeless using football as a way of creating lasting change. The charity coordinates a global network and operates in circa 70 countries. |
The Homeless World Cup Foundation as a Catalyst for Change |
The Homeless World Cup was founded in 2003 and is headquartered in Edinburgh. It appoints one organisation per country to be its representative or Street Football Partner. In turn that Street Football Partner works directly with people who are homeless and uses football to help them change their lives. The Street Football Partners also organise a team to go to the annual Homeless World Cup tournament which is held in a different city each year. |
How does the income and expenditure work? |
1. | Each Street Football Partner is self-sufficient. It raises its own money from its own national government, sponsors, private donations, and fundraising activities. It secures income to pay for the team travel to each annual event wherever the event is being held. |
2. | The Annual Tournament. Countries and cities bid to host the Homeless World Cup in the same way as they do for other major sporting events. The successful city pays for the costs of hosting the event including accommodation, food, internal travel, marketing and venue build. The host city budget is covered by grants from national government, city government and national sponsors in exactly the same way any major event is financed. The cost of hosting the event varies between £1 Million to £2 Million. The host city is supported by the Homeless World Cup Foundation with its considerable experience of event organisation. |
The Homeless World Cup Foundation (Registered number: SC293141) |
Report of the Trustees |
for the Year Ended 31 December 2022 |
OBJECTIVES AND ACTIVITIES |
3. | The Homeless World Cup Foundation. The operational costs for the headquarters in Edinburgh are deliberately low to avoid administrative costs. The organisation is set up as a network, so income can be raised in each country to create maximum impact. The Foundation and tournament provide aspirational hope, encouraging people who are homeless to join in and to participate regularly in national programmes and potentially the annual tournament. The Foundation acts as a central point of learning, exchange and development across the world. It tells impactful stories of players who through football, change their own lives. Homelessness forces people into isolation which affects their ability to communicate and work with others. When a person who is homeless gets involved in football, they build relationships and become teammates who learn to trust. |
The annual budget is around £400,000 but over the years it has had an enormous catalytic effect. The Street Football Partners work with over 80,000 people who are homeless each year and over 1.2 million since the charity started and as a result, thousands of people who were homeless have been changed their lives and are no longer on the streets. This change saves cities and countries around the world millions in financial terms, but for the individuals who change their lives, this is priceless. |
The financial income and expenditure figures for the annual event and for the Street Football Partners obviously do not feature in the Foundation accounts. Thus while at first sight the finances of the Foundation indicate this is a small operation, in terms of its global reach and impact it is quite considerable.. |
4. | Charitable activities are listed under the following four areas: |
- Awareness raising on homelessness |
- Delivery of events involving people who have recently experienced homelessness |
- Street Football Partner development and progression pathways for people who have experienced homelessness |
- Policy development for sport and homelessness |
ACHIEVEMENT AND PERFORMANCE |
Partnership and Funding |
A new contract with UEFA as one of their Football Social Responsibility (FSR) partners was negotiated through their | 2021-22 season. This partnership remains an important and prestigious relationship. |
The Homeless World Cup Foundation (Registered number: SC293141) |
Report of the Trustees |
for the Year Ended 31 December 2022 |
ACHIEVEMENT AND PERFORMANCE |
Annual Tournaments |
The tournament helps to raise awareness of the issue of homelessness and to change perceptions. For example, in Glasgow over 80% of spectators watching said they had a more positive attitude towards people who are homeless. As in 2020 and 2021, the 2021 tournament was cancelled as a result of the Covid-19 pandemic |
The bidding process for hosting future tournaments continued with The Sports Consultancy administering the process, with the aim of securing hosts for the tournament from 2023-2025. |
The report on the Glasgow 2016 tournament calculated that the social capital created by the tournament was $13m with a social ROI of over $8 for every $1 invested. In addition, ProSocial Valuation Services also calculated that the year-round activity of the Homeless World Cup Foundation's network of circa 70 Street Football Partners creates $364m in social capital. |
Homeless World Cup Movie: 'The Beautiful Game' |
Post-production of the Netflix-commissioned feature film 'The Beautiful Game' took place throughout the year. The film was produced by the award-winning Blueprint Pictures and is expected to be released in early 2024.. |
Fuenlabrada, Spain Street Soccer Tournament |
As part of the return to live events, the Homeless World Cup delivered an event in Spain together with the Municipality of Fuenlabrada in November 2022. Eight national teams participated: Bosnia, France, Italy, Mexico, Portugal, Romania, Spain and Ukraine. In addition to the two-day football tournament, a referee 'training of trainers' course was carried out (see below) and a new national partner for Spain joined the network |
Member Country support and development |
The Homeless World Cup network further expanded with new national partners from Bangladesh, Nepal, Philippines, Spain and Uganda joining in 2022. In-person support of national programmes re-commenced with the return of international travel, with partner events in Poland, Scotland, South Africa and Sweden attended by Homeless World Cup staff. |
The International Partners Sharing Skills (IPASS) online portal created in 2020 provided a central digital location for Street Football Partners to share information and best practice. Monthly IPASS Webinars shared up to date, ground up solutions across the Network of partners with themes including measuring impact, increasing female participation, awareness raising on HIV/AIDS, injury prevention and how to deliver tournaments. A number of new Street Football Partners were also recruited to the Network. All of the above is with the intention of developing the support offered by Street Football Partners to people experiencing homelessness |
Referee Training Programme |
The Homeless World Cup Foundation runs a referee training programme aimed at former players from Street Football Partners and also for local referees in the country hosting the main annual tournament. |
In-country courses remained suspended in 2021 due to the restrictions on international travel. However, |
two online referee courses (one in English and one in Spanish) were delivered in partnership with a registered international referee of the Dutch football association (KNVB), with 26 trainees from 12 countries graduating. |
Once participants have completed the course, they receive their official Homeless World Cup Foundation International Refereeing Programme certificates. |
2023 Activity |
In May 2023 the Homeless World Cup Foundation received an £80,000 donation and a number of new partners and sponsors have been engaged throughout the year. Sacramento, USA was confirmed as the host city for the return of the annual tournament following a four-year hiatus. The tournament was successfully delivered in July 2023 and generated significant national and international press attention. There is now strong interest in hosting the event in 2024, 2025 and 2026 which will generate a rights fee for each event as it is awarded. |
The Homeless World Cup Foundation (Registered number: SC293141) |
Report of the Trustees |
for the Year Ended 31 December 2022 |
FINANCIAL REVIEW |
Finance Review |
Reserves totalled £41,424 at 31st December 2022 of which £17,656 were restricted. |
The charity aims to maintain a target level of unrestricted reserves within a range of two to three months average unrestricted expenditure, which equates to between £75,000 and £100,000. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Organisational structure |
None of the trustees have any beneficial interest in the company. The Board of trustees met on a regular basis during the period. The trustees are also members of the company. |
Related parties |
Mel Young is a directors of Pro Poor Sports Limited, a company that owns the rights to the Homeless World Cup event. It has been operated independently from the Foundation and Mel Young is a shareholder. Constitutionally any profits generated are to be passed to the Foundation. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
The Homeless World Cup Foundation |
I report on the accounts for the year ended 31 December 2022 set out on pages six to fourteen. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
June Sinclair CA |
The Institute of Chartered Accountants of Scotland |
26 September 2023 |
The Homeless World Cup Foundation |
Statement of Financial Activities |
for the Year Ended 31 December 2022 |
31.12.22 | 31.12.21 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Other income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Awareness raising on homelessness | 174,818 | 5,280 | 180,098 | 149,524 |
Delivery of events involving people who have recently experienced homelessness |
36,898 |
10,797 |
47,695 |
89,804 |
Street Football Partner development and progression pathways for people who have experienced homelessness |
33,788 |
4,976 |
38,764 |
41,227 |
Policy development for sport and homelessness | - | - | - | - |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 239,843 |
The Homeless World Cup Foundation (Registered number: SC293141) |
Balance Sheet |
31 December 2022 |
31.12.22 | 31.12.21 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Debtors | 8 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 10 |
Unrestricted funds | 236,831 |
Restricted funds | 3,012 |
TOTAL FUNDS | 239,843 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
The Homeless World Cup Foundation (Registered number: SC293141) |
Balance Sheet - continued |
31 December 2022 |
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 |
The Homeless World Cup Foundation |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
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. |
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. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery | - |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease. |
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. |
The Homeless World Cup Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
2. | DONATIONS AND LEGACIES |
31.12.22 | 31.12.21 |
£ | £ |
Donations |
Grants |
Grants received, included in the above, are as follows: |
31.12.22 | 31.12.21 |
£ | £ |
UEFA | 35,697 | 78,289 |
Visit Scotland | - | 22,500 |
University of Edinburgh | 3,458 | - |
39,155 | 100,789 |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.12.22 | 31.12.21 |
£ | £ |
Depreciation - owned assets |
Other operating leases | 25,208 | 22,838 |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. |
Trustees' expenses |
Trustees expenses of £Nil (2021- £Nil) was re-imbursed during the year in respect of travel costs. |
5. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.12.22 | 31.12.21 |
Staff numbers |
The Homeless World Cup Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Awareness raising on homelessness | 98,980 | 50,544 | 149,524 |
Delivery of events involving people who have recently experienced homelessness |
59,306 |
30,498 |
89,804 |
Street Football Partner development and progression pathways for people who have experienced homelessness |
37,122 |
4,105 |
41,227 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 298,997 | 50,283 |
TOTAL FUNDS CARRIED FORWARD | 236,831 | 3,012 | 239,843 |
7. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 January 2022 |
Additions |
At 31 December 2022 |
DEPRECIATION |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
The Homeless World Cup Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade debtors |
VAT |
Prepayments |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accrued expenses |
10. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.1.22 | in funds | 31.12.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 236,831 | (213,063 | ) | 23,768 |
Restricted funds |
UEFA | 3,012 | 14,644 | 17,656 |
TOTAL FUNDS | (198,419 | ) | 41,424 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 67,850 | (280,913 | ) | (213,063 | ) |
Restricted funds |
UEFA | 35,697 | (21,053 | ) | 14,644 |
TOTAL FUNDS | ( |
) | (198,419 | ) |
The Homeless World Cup Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
10. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.1.21 | in funds | 31.12.21 |
£ | £ | £ |
Unrestricted funds |
General fund | 298,997 | (62,166 | ) | 236,831 |
Restricted funds |
Postcode Lottery | 50,283 | (50,283 | ) | - |
UEFA | - | 3,012 | 3,012 |
50,283 | (47,271 | ) | 3,012 |
TOTAL FUNDS | 349,280 | (109,437 | ) | 239,843 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 163,495 | (225,661 | ) | (62,166 | ) |
Restricted funds |
Postcode Lottery | - | (50,283 | ) | (50,283 | ) |
4 Nations Challenge Cup | 29,323 | (29,323 | ) | - |
UEFA | 8,553 | (5,541 | ) | 3,012 |
37,876 | (85,147 | ) | (47,271 | ) |
TOTAL FUNDS | 201,371 | (310,808 | ) | (109,437 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.1.21 | in funds | 31.12.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 298,997 | (275,229 | ) | 23,768 |
Restricted funds |
Postcode Lottery | 50,283 | (50,283 | ) | - |
UEFA | - | 17,656 | 17,656 |
50,283 | (32,627 | ) | 17,656 |
TOTAL FUNDS | 349,280 | (307,856 | ) | 41,424 |
The Homeless World Cup Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
10. | MOVEMENT IN FUNDS - continued |
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 | 231,345 | (506,574 | ) | (275,229 | ) |
Restricted funds |
Postcode Lottery | - | (50,283 | ) | (50,283 | ) |
4 Nations Challenge Cup | 29,323 | (29,323 | ) | - |
UEFA | 44,250 | (26,594 | ) | 17,656 |
73,573 | (106,200 | ) | (32,627 | ) |
TOTAL FUNDS | 304,918 | (612,774 | ) | (307,856 | ) |
11. | RELATED PARTY DISCLOSURES |