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2025-07-31-accounts

Wembley National Stadium Trust

Registered charity 1072392 Registered company 03667982

Trustees’ report and accounts

for the year ending 31[st] July 2025

Wembley National Stadium Trust
Registered charity 1072392
Registered company 3667982
Contents
Page
Company information 3-4
Trustees’ report 5-9
Independent Auditor’s Report 10-13
Statement of Financial Activities 14
Balance Sheet 15
Statement of Cash Flows 16
Notes to the Financial Statements 17-24

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

Company information

Trustees and Directors

Khilna Shah Chair Andrew Douglass (resigned 2[nd] December 2025) Freddie Carter David Rainford Lynsey Edwards (resigned 17[th] July 2025) Ellis Clark (resigned 1[st] November 2024) Marilyn Okoro (resigned 1[st] November 2024) Kawsar Zaman (resigned 24[th] September 2025) Oliver Williams (resigned 7[th] July 2025) Karthik Ramulu (resigned 7[th] July 2025) Ann-Marie Williams (appointed 5[th] December 2024) Alexa Thiel (appointed 6[th] December 2024)

Sport England is also a corporate member of the company.

Key management personal

Chief Executive

Head of Strategic Partnerships and Programmes

Paul Findlay MBE (appointed 1[st] November 2024) Matilda Thaddeus-Johns

Secretary

Andrew Douglass (resigned 2[nd] December 2025) Paul Findlay MBE (appointed 1[st] November 2024)

Legal advisors

Bircham Dyson Bell One Bartholomew Close London EC1A 7BL

Independent Auditor

Price Bailey LLP Chartered Accountants 3[rd] Floor 24 Old Bond Street London W1S 4AP

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

Company information (continued)

Bankers

CAF Bank Limited 25 Kings Hill Avenue West Malling Kent ME19 4JQ

Registered office

Wembley Stadium Wembley London HA9 OWS

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

Trustees’ report (incorporating a directors’ report) For the year ended 31[st] July 2025

1. Structure, governance and management

The trustees of the Wembley National Stadium Trust (WNST, the ‘Trust’), who also act as directors of the company, present their report and accounts for the year ending 31st July 2025. (Sport England is a corporate member of the company only).

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Charities Statement of Recommended Practice (“Charities SORP”) (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102) issued in October 2019.

WNST is a self-governing charitable company. No external body or organisation, including Wembley National Stadium Ltd and The English Football Association, has any controlling influence or rights of nomination whatsoever. WNST is governed by its Memorandum & Articles of Association – being incorporated as a company limited by guarantee with charitable objects on 11th November 1998 (as the English National Stadium Trust) and registered with the Charity Commission. The name was changed to the Wembley National Stadium Trust in October 2002.

The names of those who served as trustees during the period 1[st] August 2024 to 31[st] July 2025, and since, are as shown below:

Khilna Shah Chair
Andrew Douglass (resigned 2ndDecember 2025)
Freddie Carter
David Rainford
Lynsey Edwards (resigned 17thJuly 2025)
Ellis Clark (resigned 1st November 2024)
Marilyn Okoro (resigned 1st November 2024)
Kawsar Zaman (resigned 24thSeptember 2025)
Oliver Williams (resigned 7thJuly 2025)
Karthik Ramulu (resigned 7thJuly 2025)
Ann-Marie Williams (appointed 5thDecember 2024)
Alexa Thiel (appointed 6thDecember 2024)

The details of company secretary are shown below:

Andrew Douglass (resigned 2[nd] December 2025) Paul Findlay MBE (appointed 1[st] November 2024)

Sport England is a corporate member of the company only.

One-fifth of the existing trustees are required to stand down by rotation at each Annual General Meeting but are eligible for re-appointment. New trustees are appointed by a decision of the Board, as and when required, based upon their skills and experience, following an open recruitment and interview process. A new trustee is offered a full induction to the Trust’s business by the Chair and Chief Executive, with the opportunity to attend any training required to fill gaps in knowledge. The trustees delegate full day-to-day management and administration of the Trust’s business to the Chief Executive. Following the resignation of the Chief Executive in March 2024, the Chair of the Board

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

assumed the role of Interim Chief Executive Officer from 1st April 2024 to 31st October 2024. Paul Findlay was appointed Chief Executive on 1 November 2024.

The Trust had established an HR committee, comprising three trustees, which has delegated responsibilities to manage employment and pay matters. In setting rates of remuneration, the committee will be informed by reports from the Association of Charitable Foundations (of which the Trust is a member) and elsewhere, on pay within the trusts & foundations sector, when making decisions. However, this was disbanded in December 2024. Following the disbandment, the Trust appointed an independent HR advisor.

2. Objectives and activities

The principal objective of the WNST is to make grants in accordance with the Trust’s Memorandum & Articles of Association using the funds received through an annual grant from Wembley National Stadium Ltd (WNSL).

The income donated from WNSL is equivalent to 1% of its annual turnover, as set-out within the deed of covenant between WNSL and WNST dated 26[th] September 2002, established in response to the award of Lottery funds through Sport England towards the construction of the new Wembley Stadium. This is the Trust’s main source of income, with no activities undertaken to raise funds from the public.

The Board recognises that participation in sporting activity can bring significant individual benefits including improved physical and mental well-being, personal discipline and broader social interaction, all of which can improve quality of life. The Trust’s grant-making activities are designed to support the growth of participation in community and grassroots sports and physical recreational activities, helping to break down potential barriers that prevent people from taking part in their chosen activity.

The formal objects of the company are:

(1) The advancement for the benefit of the public of the education of children and young persons who are pupils of schools, universities and other educational establishments in the United Kingdom by organising or providing facilities, coaching and training or assistance in providing facilities, coaching and training to enable, assist and encourage them to play football (the first element) and other sports (the second element) particularly (but without prejudice to the generality of the foregoing) through providing

(2) The organisation or provision of or assistance in the organisation of facilities for the recreation and benefit in the interests of social welfare (with the object of improving the conditions of life for the persons for whom the facilities are primarily intended) of those who by reason of the youth, age, infirmity or disablement, poverty or social and economic circumstances have need of such facilities.

In practice, the Trust’s grant-making policy has been firstly, to fund the community sports sector within the London Borough of Brent (the Stadium’s “home” borough), supporting grassroots sports clubs and activities; and secondly, as funds allow, to fund larger themed programmes across Greater London and England more widely, working with significant partners (such as the EFL Trust, the National League Trust and various National Governing Bodies) on the delivery of individual projects.

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

3. Public benefit

The trustees are aware of the guidance on public benefit provided by the Charity Commission and confirm that they have complied with the duty in the Charities Act 2011. The WNST Board considers that its activities, in the provision of financial support through grants for the advancement of community sport and recreation, as defined within the parameters defined by the Trust’s Memorandum & Articles of Association, are wholly in keeping with these guidelines.

4. Review of Activities

During 2024/25, the Trust continued to strengthen its direct operating model, following the transition to in-house management in 2023. With core administrative and governance arrangements now fully embedded, the year focused on stabilising delivery, refreshing strategic direction, and enhancing the Trust’s approach to long-term community investment.

During the year, grants totalling £975,857 were awarded to 7 initiatives delivered by 6 organisations, supporting community sport and physical activity across the London Borough of Brent and nationally.

In 2024/25 the Trust also transitioned to a multi-year grant-making model, enabling partners to plan more effectively, recruit staff with greater job security, and scale programmes with clearer long-term impact. This approach reflects the Board’s commitment to stable and predictable funding for the organisations delivering on our charitable objectives.

Following the departure of the Chief Executive in March 2024, all new grant-making activity was temporarily paused to allow for a comprehensive strategic review. Grant-making recommenced following the appointment of a new Chief Executive on 1 November 2024 and the approval of a new organisational strategy in May 2025.

5. Financial review

Total income during the year totalled £1,387,641 (2023/24: £978,289), with the annual donation from WNSL representing £1,346,647 (2023/24: £932,595).

Expenditure recognised on grants during the year was £970,980 (2024: £34,540) and expenditure recognised on administration during the year totalled £223,890 (2023/24: £163,181).

Net income for the year was £192,771 (2023/24: net income of £780,568).

The Trust employed 2 people directly during the year. (2023/24: 2)

6. Principal risks and uncertainties

The trustees have agreed a comprehensive risk register, which is reviewed at each Board meeting. The register is maintained as a live document and is used to monitor and manage risks that may impact the Trust’s operations, governance or reputation. The trustees consider that all major risks have been identified and that reasonable steps have been taken to mitigate them. Key risks include:

� Reliance on a sole income source

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

7. Fundraising

Fundraising Statement 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. WNST understands its duty to protect the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches and undue pressure to donate. The charity does not use any internal fundraisers or external agencies for either telephone or face-to-face campaigns and received no fundraising complaints during the year. (2023/24: none)

8. Reserves policy

Free reserves at 31[st] July 2025 were £1,991,124 (including £714,307 of accrued income) (2024: £1,798,353, of which £541,760 was accrued). All reserves held are free reserves, therefore total reserves are £1,991,124 (2023/24: £1,798,353). This sum adequately meets the reserves policy requirement of holding sufficient funds to meet known expenditure on existing grants and operational expenditure, with remaining funds held for future grants distribution.

9. Plans for future periods

In May 2025 the CEO and the Board launched a new strategy to 2028. Following a strategic review the Board have identified key skill gaps and new trustees have been appointed through an open selection process.

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

10. Statement of Trustees’ responsibilities

The trustees (who are also directors of (Wembley National Stadium Trust for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small company exemptions:

This Report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Signed on behalf of the Board of Trustees / Directors of Wembley National Stadium Trust

Khilna Shah (Mar 16, 2026, 10:02am)

………………………………………………………… Khilna Shah Chair of the Board of Trustees 16 Mar 2026

Date:………………………….

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

Independent auditor’s report to the members of Wembley National Stadium Trust

Opinion

We have audited the financial statements of Wembley National Stadium Trust (the ‘charitable company’) for the year ended 31 July 2025 which comprise the Statement of Financial Activities incorporating the Income and Expenditure account, the Charitable Company Balance Sheet, the Statement of Cash Flows and the related notes to the financial statements, including significant ������������������������������������������������������������������������������������������������������ applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 Auditor’s 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 ethi��������������������������������������������������������������������������������������� evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to 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 �������������������������������������������������������period of at least twelve months from when the financial statements are authorised for issue.

���������������������������������������������������������������������������������������������������������� in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ annual report, other than the �������������������������������������������������������������������������������������������������� ������������������������������������������������������inion 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.

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

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 course of 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 ������������������������������

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:

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 directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, 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.

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

Auditor’s 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 an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an ������������������������������������������������������������������������������������������������ 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the Charitable Company and the sector in which it operates, and considered the risk of the Charitable Company not complying with the applicable laws and regulations including fraud in particular those regulations directly related to the financial statements, including financial reporting and tax legislation. In relation to the operations of the Charitable Company this included compliance with the Companies Act 2006 and Charities Act 2011.

The risks were discussed with the audit team and we remained alert to any indications of noncompliance throughout the audit. We carried out specific procedures to address the risks identified. These included the following:

Reviewing minutes of Board meetings, reviewing any correspondence with the Charity Commission, agreeing the financial statement disclosures to underlying supporting documentation and we made enquiries of management and officers of the Charitable Company.

To address the risk of management override of controls, we carried out testing of manual journals for appropriateness. We also assessed management bias in relation to the accounting policies adopted and in determining significant accounting estimates.

Because of the inherent limitations of an audit, there is the risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or noncompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involved intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at:

https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-andguidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-foraudit.aspx.

This description forms part of our auditor’s report.

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

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 auditor’s 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.

Suzanne Goldsmith FCA (Senior Statutory Auditor)

for and on behalf of Price Bailey LLP Chartered Accountants Statutory Auditors 24 Old Bond Street London W1S 4AP Date: 18 March 2026

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

Statement of Financial Activities For the year ended 31 July 2025 (Incorporating an income and expenditure account)

Notes
INCOME FROM:
Donations and legacies
Grant and donation from WNSL
2
Investment income
Interest receivable
3
Other income
Other trading income
4
Total income
EXPENDITURE
Charitable activities
5
Total expenditure
Net income and net movement in fund for the
year
Unrestricted fund balances brought forward
Unrestricted fund balances carried forward		 31st July
2025
Unrestricted
£
1,346,647
40,994
-
1,387,641
(1,194,870)
(1,194,870)
192,771
1,798,353
1,991,124		 31st July
2024
Unrestricted
£
932,595
27,394
18,300
978,289
(197,721)
(197,721)
780,568
1,017,785
1,798,353

All income and expenditure has arisen from continuing activities.

The Statement of Financial Activities includes all gains and losses recognised in the year.

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

Balance Sheet At 31 July 2025

Notes
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
CURRENT LIABILITIES
Creditors (amounts falling due within one year)
9
NET CURRENT ASSETS
Creditors (amounts falling after one year)
9
NET ASSETS
RESERVES
Unrestricted funds
General funds
TOTAL FUNDS		 31st July
2025
£
815,726
1,788,273
2,603,999
(357,875)
2,246,124
(255,000)
1,991,124
1,991,124
1,991,124		 31st July
2024
£
541,760
1,392,953
1,934,713
(136,360)
1,798,353
-
1,798,353
1,798,353
1,798,353

The notes to the accounts are shown on pages 17 to 24 form part of these financial statements.

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

This Report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Signed on behalf of the Board of Trustees / Directors of Wembley National Stadium Trust and authorised for issue by

……………………………………………………… Khilna Shah (Mar 16, 2026, 10:02am) Khilna Shah Chair of the Board of Trustees Date: 16 Mar 2026

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982 Statement of Cash Flows for the year ended 31 July 2025

Cash flows from operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting
period
Cash and cash equivalents at the end of the reporting period
NOTES TO THE CASH FLOW STATEMENT
Reconciliation of net income to net cash flow from operating
activities
Net income for the reporting period
Increase in debtors
Increase / (Decrease) in creditors
Interest received
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash at bank and in hand		 31st July
2025
31st July
2024
£
£
354,326
365,834
40,994
27,394
40,994
27,394
395,320
393,228
1,392,953
999,725
1,788,273 1,392,953
31st July
2025
31st July
2024
192,771
780,568
(273,966)
(135,860)
476,515
(251,480)
(40,994)
(27,394)
354,326
365,834
31st July
2025
31st July
2024
1,788,273 1,392,953
1,788,273 1,392,953

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

Notes to the Financial Statement for the year ending 31[st] July 2025

1. Accounting policies

Wembley National Stadium Trust is a company limited by guarantee, incorporated in England and Wales, United Kingdom, each of the members being liable for a maximum sum of £1 in the event of the company winding up. Its registered office is at Wembley Stadium, Wembley, London, HA9 0WS. As at 31[st] July 2025, there were 6 individual members and 1 corporate member of the company (31[st] July 2024: 10 individual members and 1 corporate member).

Wembley National Stadium Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s). The financial statements are presented in Sterling and rounded to the nearest £.

iii . Critical accounting judgements and estimates

In preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the charity’s accounting policies and the reported assets, liabilities, income and expenditure and the disclosures made in the financial statements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are considered to be no significant judgments, accounting policies or assumptions made by management in applying the charity’s accounting policies.

iv . Basic financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value which is their cost.

v . Income recognition

All income is recognised once the charity has entitlement to income, it is probable that income will be received and the amount of income receivable can be measured reliably. Therefore, income from Wembley National Stadium Ltd is recognised on a receivable basis and any income not yet received is accrued at the year end.

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

vi. Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

WNST is not registered for VAT, and as such all expenditure is shown inclusive of irrecoverable VAT.

Grants paid to charities are approved by trustees at meetings before formally informing the beneficiaries. Expenditure is recognised once a grant is communicated to the beneficiary.

vii. Debtors

Accrued income is included at the best estimate of the amounts receivable at a later date for the period up to the balance sheet date.

viii. Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

ix. Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

x. Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The costs of the defined contribution scheme are included within the associated staff costs and allocated therefore to support costs.

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

2. Income

WNST receives income from WNSL through a legal agreement between the two parties dated 26[th] September 2002, under which WNST receives 1% of the gross revenue of the company, payable in relation to the six-month periods April-September and October-March each financial year.

Grant from WNSL:
August 2023 – September 2023
October 2023 – March 2024
April 2024 – July 2024
August 2024 – September 2024
October 2024 – March 2025
April 2025 – July 2025 (accrued)
Donation from WNSL
3. Investment income
Bank interest
4. Other trading income
Income from administration support		 31st July
2025
31st July
2024
£
£
-
103,693
-
287,142
-
541,760
282,572
-
346,433
-
714,307
-
1,343,312
932,595
3,335
-
1,346,647
932,595
31st July
2025
31st July
2024
£
£
40,994
27,394
40,994
27,394
31st July
2025
31st July
2024
£
£
-
18,300
-
18,300

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

5. Expenditure – charitable activities

Direct costs – grant payments
London Borough of Brent 2024
England Amputee Football Association – Juniors
Team Grassroots UK (TGUK)
The Football Association - Grassroots award
FA Leadership Academy
Kiln Theatre
Bloomsbury Football Foundation
London Borough of Brent 2025
Grants written back / repaid
Sub-total
Support costs
Charitable services
Salaries and on-costs
IT costs
Promotional materials
Governance costs (below)
Insurances
Miscellaneous fees
Travel
Professional services
Staff expenses
Recruitment
Office and other costs
Total operational costs
Total costs		 31st July
2025
31st July
2024
£
£
-
34,800
32,500
-
103,357
-
15,000
-
60,000
-
120,000
-
225,000
-
420,000
-
(4,877)
(260)
970,980
34,540
31st July
2025
31st July
2024
£
£
2,742
-
93,822
83,318
17,499
7,607
63,946
1,559
31,668
30,057
516
506
1,561
1,837
-
472
922
31,779
1,580
107
677
-
8,957
5,939
223,890
163,181
1,194,870
197,721

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

5. Expenditure – charitable activities (continued)

Governance costs
Auditors remuneration
Accountancy
Board expenses
Total governance costs		 31st July
2025
31st July
2024
£
£
11,198
15,696
17,340
12,050
3,130
2,311
31,668
30,057

6. Analysis of staff costs and numbers

Total staff emoluments for the year were as follows:
Wages and salaries costs
Social security costs
Pension scheme – defined contribution		 31st July
2025
31st July
2024
£
£
87,741
67,186
4,671
6,605
1,410
9,527
93,822
83,318

The average number of staff employed by the charitable company during the year was as follows:

Charitable activities
Admin and management		 31st July
2025
31st July
2024
No.
No.
1
1
1
1
2
2

The key management personnel of the charitable company comprise the Trustees and the key management personnel as listed on page 3. The total number of employee benefits (including national insurance and pension contributions) received by key management personal for their services to the trust was £80,622 (2024: £Nil).

No members of staff (2023/24: none) received employment benefits in excess of £60,000 from WNST during the period of these accounts.

7. Trustees remuneration and expenses

No trustee received any remuneration for their services on the Board of WNST. Four trustees claimed expenses totalling £1,706 for travel and subsistence (2023/24: Four trustees claimed a total of £2,086 for travel and overnight accommodation).

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Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

8. Debtors

Accrued income from WNSL
Prepayments
Creditors
Amounts due within one year:
Grants payable
Accruals
Other taxation and social security
Other creditors
Amounts due after more than one year:
Grants payable
Reconciliation of grants payable
Grants payable at 1 July
Grants written off
Grants awarded during the year
Grants paid during the year
Grants payable at 31 August		 2025
2024
£
£
714,307
541,760
101,419
-
815,726
541,760
2025
2024
£
£
327,090
109,877
22,885
21,740
7,841
4,599
59
144
357,875
136,360
255,000
-
255,000
-
109,877
273,790
(4,877)
(260)
975,857
34,800
(498,767)
(198,453)
582,090
109,877

9. Creditors

10. Contingent liability

Post year end, the organisation became aware of a claim that may give rise to a possible financial liability. The matter is at an early stage, and the outcome is currently uncertain.

11. Related party transactions

During the year there were no related party transactions. (2023/24: none)

22

Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

12. Pension commitments

The charity operates a defined contribution pension scheme. Pension costs for the period have been charged at £1,410 (2024: £9,527) as outlined in note 6. At the period end, £59 was owed to the scheme (2024: £144) and is included in other creditors.

13. Grants awarded in the year

Organisation
Community grants
Bloomsbury Football
Brent: Love Where you live
England Amputee Football
Association
FA Leadership Academy
The Football Association -
Grassroots Awards
Kiln Theatre
Team Grassroots UK (TGUK)
Grand total		 £
Purpose
£225,000 Towards the cost of tackling health and social
inequalities for girls. Awarded over 3 years.
£420,000 Towards grants to community groups as part of the
Love Where You Live Fund and costs associated with
administrating the grants. Awarded over 3 years.
£32,500
To support any activities or costs associated with
delivering to junior amputees. Awarded over 1 year.
£60,000
Towards grants awarded to FALA participants.
Awarded over 1 year.
£15,000
To cover a grant for the Young Volunteer of Year
Award, the associated costs of hosting a table at the
awards and promotion of the winner’s project.
Awarded as a once off payment.
£120,000 To cover costs associated with Kiln Theatres’
transformative Creative Education programmes.
Awarded over 3 years.
£103,357 To cover the costs for the nation kit distribution
initiative for the 2025/26 football season.
£975,857

23

Wembley National Stadium Trust Registered charity 1072392 Registered company 3667982

13. Grants awarded in the year (continued)

Grants Awarded 2023/24

Organisation
Community grants
Queen's Park Harriers
Old Manorians Football Club
NW London Netball League
NOV Way CIC
Clube dos Brasileirinhos
Charteris Community Sports
Centre
Canons CC
Brent London Netball Academy
Brent FC
Brent Chinese Association
Angels Initiative
Platform Cricket - Tower
Hamlets Youth
Grand total		 £
Purpose
£2,700
Towards the costs of young people's athletics coaching
£3,000
For new kit and equipment
£2,100
Towards the costs of a junior netball project
£3,000
Towards the costs of expanding the running club
£3,000
For capoeira classes for young people
£3,000
For older people's fitness and exercise sessions
£3,000
For a girls cricket project
£3,000
Towards the costs of relaunching the club
£3,000
Towards the costs of training and qualifications
£3,000
For a football project for young people from Chinese
and south Asian communities
£3,000
For a cheerleading training programme
£3,000
School coaching and venue hire
£34,800

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