Charlty reg18tratlon nMb 108U31 Company règlstrallon numbeT 04077355 IEDgland and Wal•s) BIRMINGHAM CITY FC FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ADZ66LND 26103r2025 COMPANIES HOUSE A16
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BIRMINGHAM CITY FC FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Mr S Reéd Mrs J M Maher Mr R Paron8ndl Mr SAthw81 Mr P Cadman MrG Cook Mr J 001• (Appolnled 11 January 20241 (h¥polnl•d 22 Aprll 20241 (Appoint8d 22 Aprfl 20241 (Appolntsd S Sgplgmbgr 2023) IAppolnted 11 January 20241 Ch•rfly numb•r 1088631 Company numb•r 04077355 R•ql•l•rnd offl¢• clo BCFC Sl Andre Sl•dlum Blrmlngham Wost Mldl•nd¥ 89 4RL Audltor 8umorAudRw Llmll•d Tho B•ahl 88ghlvo Rlng Rood London Gatwlck Alrport Gatr•Ad( Unll•d KlThJdom RH6 OPA 8•nk•r• Th• Co<*p•rallv• 8Ank Otymplc Hou80 8 Olymplc Court Mounuord Streel Menche8l•r SaNord MS 2QP 8oll¢ltor• Muckle LLP Tim• Cehtr•l 32 GallowgAto New8110 Upon Tyne NE148F
BIRMINGHAM CITY FC FOUNDATION CONTENTS Pag• Tfttstees, report stsiamont ofTru810•8' mpon8lbilftl•J Ind•pend•nl •udllofo r•p St8t•m•nt ol fln8n¢l•l act1110$ 10 B•ianco shegl 11 sthi•monl ol cash llow¥ 12 Notés lo Iho finandel 8t818mon18 13-27
BIRMINGHAM CITY FC FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Tha TNste08 pr&unl Ihelr.annual rèport and fln8nclal stal•niMls for th• year ended 30 Juno 2024. Th8 accounts hava be•n prep8r8d In a¢¢ord8nce w61h the accounllng pdtd18 set oul In no18 1 lo tha 8ccount8 and comply th Ihg compaTrY$ Momorandum ond Artid¢ olA880Gl81ion, th8 Componi&s Act 2006 and the Stslement of R0MM9nd•d Praclkg,"Acc4)untlng and Roporting by Ch8ri1108" l$$u•d In October 2019. Obl•ctlv•• •nd •ctlvltl•• The Charws obJectlve$ are for the benont of thè put4tc 98nerally and arn to suppt)rt th080 In need and the power of football to 8¢11vely eng890 peopl• In educallon, Irglnlng and sk1116. heallhler Ilf88tyles and partklpallon In 8POrt and foolball. Tho Found8Uon alms to dlsllngulshed by tho qu81ily of Its managameftt and the provl8ion$ It dgll¥•r8. Ih• ¢hority prides i18elf on Ihe abillly lo m¢01 tho na$ ond 08pirolion8 ol Iho ¢ommunltywhlch we 8ery•. Thè loundallon e0nllnu88 to dèllv•r a Furth•r Edu¢allon progrnmm• tn rtn0fthlp wllh LFE (L••gu Foolb811 Educa0). Tho partner8hlp ha$ bofrn In place lor years wllh conllnued dgvgtopmenl and Improv•ments acro88 the programme to rlleet the needs of learners. Thls academlc yahr saw Ottond¢$ and 8U¢¢•88 ral•$'rl&g from •c4dtrmlc year 2022-2023. With th• 6ucceBS ol Ihe 16-19 edueation prov18ion, w• hava also untinued lo grow our HSghor Educallon p•thway8. Suc¢eBS IJ 8vld8nc•d by 20% 01 iho foundation'8 lull-llrno wo)(orco comlng Ihrough our education pathway8- and wo conkn'nu• Ip rocFuIt for full Ilmg posltlons within th• fourKlalion IMI 198mg o h4v• Comp1• Iho loundollon dggr••. 202&2024 saw the laund) ol BCFC FourKSAlon school adèMIe6 programme whleh provldos 80¢ondary Jthoo19 vAlh lull tlm• rn•mbgr8 of foundBllon &t8ff lo provlda oddillon818UPPOrt na8d$ wlthln tho School d8y. Such rwds Sndude, but are noi Ilmltod lo, num8ro¢y and Illerocy inlafvenuon. mentoring, youth wo and teaching. Th8 progi•mme ha¥ alroody b••n f•¢ogn189d and Iderslllled In on OFSTEO F6POrt at our first 8chool acod&my Klng Edward Vl B81gam Wood Ac8domy, vthère they w8re graded oul8l•ndln9. We havè Confl[m our 5ocond academy s¢lwol mmann9 In Sgplomber 2024, A¢r0$8 2023-2024, and Inllne wllh our trangformallon plan wo hav6 Inv051od heAvlly In expert stsff acro¥$ our foolb811 dèvelopm•nl PTogrémfflo8. Th• rncrullmenl ol hlghquallty 818ff J•en 8 SIgn@t grtrwlh In part4clp8nl numberg o¢foss loolball d•valopmenl c•nlres, our gr888roolg foolbo11 club 8s well a8 hollday acllvlll•8 Ond ¢amp8. W• have Igon a 53 % partlclp•tion increa8• acr045 all ¢arnp8 within 2023.2024. Our 6chools offerfng g)nllnued lo grow durfng 2023.2024 vthtch ¥aw us engage wlth more wlm8ry 8chool8, grow our p¥rtngr8hlp8 98 wo1148 grow our oll•r 10 our schools. Th18 growth h•• llow•d ui lo Inve$l In mwo ttw*ualNy stsff io deliver ocr058 our programme8. Wg hav• ¢onllnued to Improve perlngr8hlp WO wllh key org9nlsollon8, 8WI88 Ihé clly, Includlng Sport Blrnlnuham, BlrmSnohom County FA and Unil8d by 2022. Th85• psrlnefshlps havè openod up opportun188 for addlllonthl lundlng. Unlled by 2022 prOded fundjng lo •lk>w u$ lo dgllv•r • per341 de¥elopmenl wogrammo to young people auo8s Ihg clly b8bveen the ages of 16-24. We kKused the prol•cl #round pmvldlng acce881blllty lo employmonl wllhln 8POrt and wè hbve I0n11Y dèllvered h91101 our PaTUclpanl numbgTS on th6 prc¥rèmm• to dale and havo Stren 42 % glin omploymlnl opportunllles to thg skllls and qu011f9110nj galned the progrnrnm&. 202>2024 88w moro growih across our PAN Dlsabnily PTogr8rnffleF wllh Iho ¢rnatlon of 8 now adult and lunlor le8m to reprolonl BCFC Found•llon In lh• Mldland'8Ablllly Counts leagues. 2023 saw us 8X8cule Dur IBrge$l ever fundralslng evonl (Blue Nosg D8yI. In the bvlld vp lo Chrl8lm88 21Yd3, wo sat 0,10 falsg fvnds to covw tho 818 of provldlng 811 chlldr8n known lo the Btrmlnghbm Children's Trust with a piesenl aach at Chrl8tma8. We rolsed lund8 to Ihg tolo18mounl 01 £76.223 to pur¢ha$& 11.500 PTg8ont Bnd dlslribule thom across thè of Blmlngham. Publk b8no111 Tho Trusi998 have pald duo rogard to gUIdan 18SLted by Charily Comm1881on In dgcidlng what 8c¢fvllles the ¢omp8ny shoukl undertake.
BIRMINGHAM CITY FC FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECToks' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ActIvIl$ Chalrn Report The yfjor h98 bfjen on• of ¢on$ldgrable Ir0n¥form•t)n and •ubstanllèl qrowlh. Al Ihg v•ry stort of Ih18 yo•r, Ihg ownèr8hlp ol our affillo18 foolball dub. Blmilngham Clty FC. changed 8nd Ih8 now ownwB Immtdlot•ly 8mbT•cod lh• drity in è way thal had not b8en oxp8rlonced before. In thg 8poc8 of a faw short month8. th8 charity had bG8n olvan a renowod purpose gnd Vlgour by th& rnffeshlng and rolmaglnlng of Iho affillallon. The Club had an ambItI8 v161on and Ir•leGtory. and the Club wJ¥ keon lor tho charlty $portlng118 nome 8nd 1040 tg have 8 61mllady •mOu8 vlslon and trol)ry. Th& ren0w•d wrpose cau8od o Whole18 rev1 ol the chodty from itj slrolagy to Its govèm8nc•. Jèrémy Dale adoptty led a full-8ralo r•vkn ol slral•gy ihAI culmSnalod In Id•nUfying lts'com p1118rn' 8nd on &mblllou8 plan for gxponslon al grimth. A goverllan rovlow lod lo th• adopllon ol nèw Article8 of AB8o¢lallon lor thè ch8illy vllh •xp8nded oblectB and an 8xpan$ton and rafresh of the 8oard olTruslo0s. Garry Cook. lh• nOY oppolnl•d CEO ol lh6 Club, wo8 Bppolnlgd 8B O tIU8109 In Sgplember 2023 •fKI wo8 Jun•d 8hortty Iher88fter by Rajoev P8rgn8ndl and J•rerny Dola In JOry 2024. Thon kn Aprfl 2024 Paul Cadman and 8ukh¥eerAlhwal wora addèd lo thè Board. In addKlon to Ihe nèw aprdnlments. ther• w•re 8180 reslgno1k¥. Chr181ophèr Elllott ré81gn•d a8 8 tfugle• In ord•r lo work In Ihe charfly 01 an opgralionallgvel. And, after 11 yeafs of sorv, Mlchgel (Mlke) Wl¥omBn epp8d down as a tN#l•o In Dècombor 2023 havlng bo&n 8 welcomè conjlanl and fount of wlsdom on the hlstory of th• ¢h8thy. On btholf ol tho Board ol TflJ81808, I would Ilk• lo thank both Chr18 and Mik• lor thdr (n1bullon& lo thg charlty. Furlhor, havlng over8•on the adoplon ol th• updated Artlcles and tho now 8lral•w, and after 7 yoar8 88 a Iru8lee ncludlng 8 y?ars a8 Chalr. Sue Whllehouse stepped down In February 2024 havlng 81efyr¢d Ihg thorlty Ihiough VArbou8 ch8llengè8 Incluolng Ihe unprecedonled Covld-19 pand•mlc and a18s8 enthu81Bsllc r•lallon8hlp wllh tho Club. On behall ol Iho Board of TruBlbes, I would Ilke lo IhBnk Su• for worklng Ilre1o381y In promollng Ihe charlty and dolng evorythlThJ In hgr powgr to It8 8UCC086. So. th• hgadlln• lor Ihl• y•ar l•. po$Sllvo ¢hang•'. With • r4now•d dlr•¢lton and ••nB• ol purwo. tho chpflty'$ neMI pha8e Is achlavlng 8u•tslnabl• 9rowlh lo en•bl• It lo havo a 1•8Urvd pothve Impacl on Ih? Blmln9ham communlty. Fln&lly, on b•h4if of tho 8oord of Tru8loèM. I would Ilk• to Ihank •ll volunl•eri, 8l•ff, porln•rn. frJnd6rn and •p¢>ntorn lor all of th8 h•rd work. •upporf 8nd Inpul ov•r Ihg p1 yoar. To u60 4 w•ll ¢olned phra8•.' Wo ¢ouldn'l tta don• It vhlhoul youl A¢hlov•m•nts Ind p•rfomi•nc• Slgnfflc8nl 8cllvAles and 8chlev8mgnts 898fft81 objecllws H••d of Communlty R•port 2023-2024 h88 been a ya8r of slpnlflcanl chAnge, gnd ha8 8••n 81milNJffl Clly FC Crimrnunlty Tw81 tr8nsftym Inlo the Blrmlngh8m Clty F.C Found8lk>n. Our amlmtlon Is '10 thange the IIv•8 ollhe msl In n8ed wllhln our wty, 9specl&lfy tho young, 8nd to be recoqnisod, across Ihe ty, lorcaring. helping and supporting ourpeople.. Our Tok•, 1o8pon$lbllS1188, knpacl and no•d nov•r b••n orn8l•r wllhln th• cily Ih•l wo 4eTre, al w• canllnu• lo 890 thallgngos $uNoundlng oduc4llon, sklll8 & trwlnlng. d8prtvatk)n. hgalthy 111oslyl8s 8crAsslblllty to sport {foolball}. A$ part of our tr8nslom)allon plan. we h8v8 focused on Creati and growlng new fundlng streorr6 to glve us opportunllles to d#slgn ond execule new BCFC Found8lk*n progf4mme8 thel Can make a dh1ernnc& and hèlp u6 to achievè our obiecllve6. Our newly cre81ed programmes and Iransformalion plan has seon pgrti(awanl engagemenl Incrèasg by 80% 8nd w8 arè now onga9lng wllh moT• Ihan 20,000 partlclpanls p8r year, aerogs Ihe rjty, 85 well os activety ombeddlng Into our local MMunI118B. Specllle programmes Includlng Blug No38 D8y 2023, 9$ woll •$ Iho launch of our now School Academl85, hav8 allowed u8 lo play an #ctlve role In changln9 the Ilves ol th050 m06t In neod and thg most vuiner8blg.
BIRMINGHAM CITY FC FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 A8 wa work Ihrough our Iran8fofm8llon plan and locu8 on our omblllon and koy obl•ctlve8, wo have 8180 seen significant divfjr¥ifi(xllon ol growth In Pa¢¢panI 8ga. gènder, physical abjllty I dlsabulty and ethnldly - Ihus provldlng uo wlth 8 greater wo8WCe OCm8s our local communllle8. I would like lo thank all of our cornmunity partlcipants. lunders and partners who havè wothod ¢o11oboralivèJy wllh us across Iho year. I would 0180 Ilke io Ih8nk all ol our slaff who8e dedlcallon lo play a port In the Found8llon aehlpvlng its oblocilve5 has all¢x¥od us lo oxeculo our plans. Flnally, I woutd Ilk8 lo Ih8nk our pBrnnl club for thelr Support 8¢x0 011 of our Foundqflan projects And programm•¥ In 2023-2024. FIncIlI r•vl 2022-2023 89w th8 lound811on show a d8ficll of £62,159 with o lotsl rev8nu8 of £1,116.006. The daficll wa8 attribulad lo Ihg loJ$ of • fundod progrnmmo INCS). 2023.2024 ho$ beon a posltiva year lor the foundallon Ih•l has se8n en 16% Increas81in rovonuo to È1.296,510- attrlbutabl8 lo an Intt6850 In lundr8Ssing actlvllth through Iho loundallon a¥ w91188 9alnlng now fundod propr8mm88 Indudlng Gon22 for Ihg 2023-2024 yoar. 2023-2024 flnandal Or fln18hed wllh • 8uiplu8 01 £81,307. Wa havo $••n 4 2.4% Incrna8e In Biall ¢08181£779,734) compornd lo 202&2024 Gost {£781,595) Ihls Is Ilnk•d to r•8tFUCture across the found8llDn In propèr8lir)n lor Iha Tecruilmgnl of naw peopl8. As tha loyndallon continues lo grow, truste98 and the oioani8Atlon &•nior m8n•u•mènl 18•m •xp•cl lo an Incrn888 In st811 cost8 In 2025.2026, Ihl$ wlll be due to an In¢Tegs• In mlnlmum wage ond an In888$ In 6mploye, nallonal Insur8nc• conlrlbull whlch wlll rlsa by 1.2% 10 15% plu$ • ¢harfjo In tho threshold lo whlch the employor ar• r•qulred lo pgy n811ong1 In8uiance on eornlngs. We 8150 plfjn lo see the rocFultmenl of morg Staff whl¢h wlll Incfeasg Stgff cos18, but th cost 11 bo off8tr1 by Iho Income gon•rallon of new programm•8. Thg foundallon v)nlnue8 lo operale inllne wtth Il¥ fin8nd•l r•serves pollcy. R8sgTh&s poliGy 5118 lh8 pollcy ol tho ch•rf.ty Ihil unr•8trl¢t•d fundi whlth h•v• not b••n d•6lgMled lor • Bpoclflc u•6 thould bo malnlalned al • le1 equlvalgnt to rnefjl running VJ8t8 for tlwee months In lh• evanl of malor V8Tl8tlon of clrcum$lances. Tho Truslae8 conslders that r•$erv08 al thlB hvel wlll •n8uie tho1, In the evenl of a $&nlflconl drop In fundlno, Ih8y wlll be able lo conllnua Iho ¢ompanl8 Gu•1 fjcllvlll whll• conilderatlon t6 glven to way8 In which addlllon•l funds may b• rei$•d. Whon settlng the re[VO8 pollcy lor unroslh¢lgd fund8 tho trn81•86 818 mlndful of ihe lacl thol some r•slrlcl•d 8cllvllle8 fequlro tho u80 of. unre8trJ¢t•d funds In Iho 8hort l•mi. Fundln9 lor r•8trlctod a¢llv111è61$ gènornlly roc8lved after tho actlvlty has bgon comploled and expendllure wlll Inlually havo been mat from unie$lrl¢lod lunth. M•lorrlsk8 Th8 Tru$l••s havo 88$38d Ihe mglor dsk8 lo whkh th• cornpany Is oxposed. 8nd ore saY8lled that sy8l•ms are In a10 rnitkgal• oxposura lo thb major d8k$. 8lru¢tur•• gov•rnon¢• and m•n¥g•m•nt The company 48 a eJ)mp8ny limltfjd by guer•nt¢o. Inoorpor•l•d 25th Sepl8mbgr 2000 And rn9101•d al a charlly on 18th May 2001.
BIRMINGHAM CITY FC FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 The Twsloos, who èrè 8180 tha dlrècloTS for the purpoBe ol c4)mp8ny law. and who 8•rv•d durfngltro year and up to Ihe date of8ignalure of the flnancl81 slalements wer8: Mr M Wl8eman IRe#lgned 16 D•comhr 20231 M$ S Whltohouse (Reslgned 23 F¢bry2O24) Mr S Reed Mr I t)utton Mrs J M M8her Mr R Paianondl Mr SAthw81 Mr P Cadman Mr G Cook Mr J Dalo (Reslgned 9 Sopt•mber 2024) IAppolnt•d 11 Janu•ry 20241 (Appolnted 22Aprll 2024) (Appolnted 22 Aprll 2024) IAppoJfti8d 5 Sgpl¢mbor 20231 IAppolnt8d 11 January 2024} RèGnrftmgnl and appolnlnnl otlnJsÉ8•$ Non• of lh• Trust$ h8$ ony b•neficl&l Inlern8t In ih• company. Al ol thè Tru81008 m•mb8rn of Ihg MnY •nd guarantofj lo o)ntrlbul• £10 In th• w•nt ol• wlndlng up, The Trust¥ rfjgularfy rovl•w thelr 8klll6 Bel to •nsure the gov•mlng btrard hove the fyxp•rtkn lo b•nofi1 Ihg Chorfly and 88ek to rocrull new Tru61eos whon 8klll8 gaps app84r. Trust h8¥0 Idonufi8d exp8rllo0 gaps and will ba rocrullln9 sullablè perBon8. Now tru81eeo undorgo on orlent8llon day to bfm thgm on Ih6lr1094I obllg8llts und8f Gh4rlly and company I, 11 conlenl ol tho Mèmorgndum ond Artlcl•$ of A$8o¢lallon. tho commltt•• and doclglon maklno pro¢8sses. tho bv$lnes¥ plon 8nO r•cent flnand41 performanca of Iho ch8rfty. Durlno the InducIn day Ihey mg•1 key employ•oB 8Th1 olher trusl8&s. Trusl8e8 are erKouraged lo attènd apprc¢)rtal8 external Iralnln9 events wher8 tho80 wlll fBciiitsie tho und•rtaklng of Ihelr roJ•. Oryanl8Otlonal slnKture Th8 tnMI•g9 hav• 88SQS8ed Iho malor d8k• to whl¢h lh• ch•rlly18 0xp0 ond ar• 80ll•ffl•d Ihol •yJt•m8 orn In plac• lo mlllgalé oxposuro lo Ihg major rkS. Exlem81 r1 lo fUlAg have lèd lo Ihe 0•100n{ of a slr4t•gl¢ pl•n whlth wlll &llow lor dlver8Sfie8lton of hjndlng and o¢llvlUey. Intèmal rlsk8 arè mlnlml$•d by lh• Implèmontsllon of prttadwps for aulhgrtgallon ol 011 Ir8nsi¢tlon8 8nd Pfol•cts to en8ur• con81¥14nl quallty of dollvery for 811 operallon81 a8pect8 of the ch8rit8bl& eompany. Those PToc•durn$ aro porlodlc<y rfjvlowed lo eneur¢ Ihal Ihoy m•81 lh• nèed8 of th charfly. The balanc• aho01 $818 out an 4nalysl$ of th• 8•sels Attrtbulable to tho varfoui lunds. Them assots ara Bufflclenl m••t lh8 chodty'• ¢)bll9•llonB on • fund by fijnd tra9. Audltor In 8c¢ordan¢• wllh the c¥)mpan$ artldos, 8 rosolullon propwlno Ih•l Surmr Audllco Lknitod be ro4ppolnléd •# audltor ol th• company wlll bg Put al a G•ner81 M¢ellw. Golng eonGovn bnd 8ub••qu•nt Qvehts Th8 trustaes havg con81dérgd Iho doficll and conllnub to support th• Ch3rlty In Idgnllfylng now lundlng opportunllles. belng In8lrumenlèl In arf?nglng lundr•lslng acllvllle8 and ffllllgollng rt6k. Thg Twgteas 8re confidgnt Ihal th• ChBrtty can conlinue 85 • going concern lor a poriod of at1gHst fvmlvo monlhs Irom the dw• 018PPfoval of th080 Ilnandal $tsl&menl$.
BIRMINGHAM CITY FC FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTOks' REPORT) (CONTINUED FOR THE YEAR ENDED 30 JUNE 2024 Olsclo8ur• of InformalloTr to •udltor8 E9¢h of TnMtOa8 has conffirmed thAt Ihèio Is no Inform8llon of whl¢h Ihey 4r8 fjware whlch 13 r8l&¥ant lo th• audit. bul of whlch lh& auditor is 18 unawaro. Th&y have further ConfiMd th81 Ihey have taken opproprièle steps to kl?nl¥y iu¢h rg18v•nl Inf0MtIon and to estob119h Ih41 tho 8udltOf18 awar• of iu¢h Infofm411on. Tha Tryslo88' raport W98 approved by the 80ord ol Tn*le•8, IAr TN8t•o 17 March 2026
BIRMINGHAM CITY FC FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2024 The Trustees, who aro also the dlreclor5 of Blnnlngh8m Clty FC Foundalbn for the purpose of company law, 8ro r08ponsiO1g lor prepartng tho Tru8100$' RoPQrt ond tho flnandol stal¢mgnts In 8CC0Tdan wih appsicablo law and United lfjngdom AunlIn9 Slandards (Unlled Klngdom G8n8rally Ac¢epl•dAcL¥Juntlng Practic). Compjny Law requlm Ihe Tru819gB to propar? linttnd¥l $latemgnt8 lor each 14twnc1 year vrth glvo a tnx an(1 lalr vlew of the slate of Bffoirs of the company and of the Incomlng ffjsourcts and appllt4lN)n of resources, IncIlIng tho kn¢gmè arHI frxpendlluro, ol Iho charthble ¢offlp8ny lor that yeor. In prepwlng th88e financlal 8latemts, Ihe TnJ81egs are r8qulred 10: . sullatrtg accounllng pollclgs and then appty them ¢on8lstsnlly.' . ob88N8 lh• m•thodJ and prtnclpl•8 In th• Ch•rlllo9 SORP; . mak• ludpry*nl8 and esllm•l08 Ihal ar• rn••rm•bl• and pwd•nl; 8ts18 whethbr opplfcable UK ActounUng St8nd8rds hav• been f011ow•d, 8vbfrcl to any malerf•l dOrtUreS d1105•d ond •xpliln•il In th• In•1 ststom•Nv', and praparo the ffinonclel 81818m&nts on Ilw goinp conc•m ba8[8 urle88 11 Is IpPrOprt81? lo prnsume th•1 tr ¢yJmpany wlll conilnu• In op•r•llon. Th• Tn189# or• m$pon81bt• for k••pinp 8dequ•l6 Accounlkng re$ Ih¥l dl8doso wllh reoson8bl• accur•¢y 81 ony Ilme itte Ilnand81 po8lllon ol Iho ¢ompany and onabl• ihem lo ensure th&1 th• flngncl•l 81018men18 ¢ornpty wlth tho Companlè$ Act 2006. They &r• also re8ponslbl8 lor safeguordlng Iho 8888ts ol Ihg company and heru lor I&ng r•ason88 818p$ lof lh• pr•v¢nllon bnd d•tocUon of lrnud •nd olh•r IrTtyulofllle8. E•ch of iho TruBl8•8 h•B conllmigd Ihal th•r8 l# no Informallon ofwhlch thoy arè awar8 whlch18 r81gv•nt to th• Judll. but of whlch th• audllor Isls unawaro. Thoy hava lurther conflirned tho1 Ihgy have takgn qpproprlata 81•pB to Idonllfy guch rfjhvonl Infomi8llon and lo e8i•b118h Ihol the oudllor16 aworg olGuch Inlomiauon.
BIRMINGHAM CITY FC FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF 81RMINGHAM CITY FC FOUNDATION Oplnlon We have audlled th8 flnon¢lai statements of Blnnlngham Clty FC Foundgtion {thg 'company'l for Ihe yeor ended 30 June 2024 whlch cilrnpri tho 8lal•menl ol fin8ncial o¢1ivrlltr8, th• belanco $h•61, the slelomenl of ¢&8h flow8 •nd no1•8 to Ihe financlal 8tslem8n18, including 8lgnlllcanl acclUnlIng pollcl88. Thè financial rvporting fram6work tho1 •s been appllod In Ih•ir pr•paTallon IB applicabltr law ènd Unllgd langdom Alvn11ng Standafds. Indudl Flnan¢lg1 R0POrtlng Standard 102 The Fln8n¢i81 R•portlng Slandard eppli¢&ble In tho UK •nd Republk ol Ireland Iunltsd Klngdom Generoily Accept•d knjunllng Pra¢lir). In Ouf othlon, IhB 11n1 518temgnts: glve 8 Iruo 8nd lalr vl•w of tho st•l• ol th• ¢h•rt18ble comp8nlJ offalr¥ •8 al 30 June 2024 orKI ol Its Incomhg re8otsr¢¢8 ènd 8ppll¢allon ol re8ource8, lof thè yo8r Ih6n ended,. have bean prowly prnparod in ec¢u6an¢o wllh Unltsd Kingdom G8norJlty Acc•pted A¢n11n9 Pr8ClI.. Ind hav• b•en prop•red In •word8n wllh th• requlr•rMnlg of tho Comphnlg$A¢l 2006. 8••l• lor oplnlon Wo condu¢led 4udil In a¢cordanc• wllh Inloinallonal Standords on Audtling IUK) IISA6 IUKI) and opplicabl8 law. Our rgspon8lblllllg8 undor those $18nd•rds are furth•r dgs¢rlb8d In Ihe Audlfvfs rejponslbllllle¥ lor th• audlt th• Iln&ndal slotemenls 8•Ctlon of Ouf report, We •T• Indopendgnl of Iho Ly)mpèny In •ccordanco wlth Ihè othl¢al requlremenl$ that 8re relev8nl lo our 8u¢YII ol Ihe flnancl818lalement8 In ltte UK, Includn0 the FRC'8 ElhlrAI stoftda, and w• hav& lulflllod Ouf 011 oth11 r•8ponslblll1J In accordance wllh IhoB• requlremenl8. W• b•ll• that thg audit •vkt•nc• w8 he obt4lnod16 8ufficlont and appropii•l• lo prod• a b•sls fw our oplnlon. Con¢lv•lon• r•l•llng to golng conc•m In audlllng tha finAnclAI 81•l•m8nts, wo ve ¢onduded Ihat th• Tru8t•68' use of the goln9 eoncgm baBl& of accounllng In the preparallon of the tTnancl41 slalomonl8 IB &pproprlal•. Éas•d on lh8 Wo havfr p&rtomi•d. w• havè nol Idonllflod any m8t•rlal un¢ortolnUg8 relatlry to •venls or condlllons Ihat, Indfvlduolly or ¢oll•dlv•ly. moy ca$1 glgnlflc8nt doubl on th• rA)mpony'$ ablllty to Mnunue •$ • qolng conc4m lor a pgriod ol al lea81 iwelve months from when Iho financlal slal8mont8 are authorised for188UO. Our r•bponslbllitI•8 Ihe M8pon81bHllS08 ol Ihe Trustseg wllh ro$pgcl lo gokng eoncam are d88trlbod In th• r81ov8nl soctlons of Ihll report. (Xh•r Inlonn•tton Th8 olhBr Informallon compilseg the Infomwtlon Indud•d In the annual report olhr Ihan lh• flnand81 sl818ments and our Judfto¢4 ieport IheT•on. Thg Tru81&•s oro r•spon81ble for th• olhw Inlorm•tion conlolnod wllhln Iho annual roport, Quf oplnlon on Ihg Ilnanclal slBlemgnls doeB not (x)ver Ihe olhor Inlorrngllon ond we do nol oxpress any lorm 0108Buranco conclu81on Ihfrrnon. Our r•Jpon8lblllly 18 lo T••d Iho other Inlorrywllon ind. In dolng so. ¢on8ldor vh¢8ther the other Inform8llon Is rnalgTl8lly Inc(m8lslefit th the lIn81 stalom¥nl8 or Qui knDwlgdgo obtalnod In thè course of the audll, or olhoNAsg aPPg8rs lo be m•l•rfally mlsslgled. 11 we Idgnllfy such molerlal Inrg)n$181eneleJ or Jpp8rent matorial m188181om8nts, w• ar¥ qUIred lo deleimlne whether Ihl$ givas flse to & malefial ml•sl8t•mènt In Ihe finonclal slalaments Ihèrn8elveg. If. ba8ed on Ihe work wè have perf0md, wo concluda that Ihere 1$ maierlol m1$8tal•m•nl ol th18 othor Infomialbn, wè aro iequlrtd to r•porl tt l•cl. W• hav• noihlng to rnport In thls 10g•rd.
BIRMINGHAM CITY FC FOUNDATION INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF BIRMINGHAM CITY FC FOUNDATION Il•tt•r• on whl¢b w• llr• r•4ulr•d t• rnport by èx¢•ptlon In thg Ilght of the knowledge and undef8t8ndlng ol the charltable company and Its envlronmenl obtalned In the cour80 of th? audll, wo h8ve not Idenllfied material mls818tfjments In th• iwsioe$' roport grKI Ihe directors. roptyt. We hav8 nolhlng to raport In r88P6Ct of th8 lollowring mallèr8 In retIon to ¥A)Ich Ihg Charfllots (Accounts and R•port•) Rggubllons 2008 roqulr• us to raport io you If, In our oplnlon.. Iho In1MotIOn glvon In lh8 flnanclal $lalernent8 1$ incon31st6nt In any malthièl rn8pècI vAlh Ihè Tru81è65 r•port', or sufficlenl accounllng rocords have not been kept,. or tho flnan¢lal slalomonts are nol In ogroomonl wllh Ih• •¢countlng r•wd•', or wa hov• nol rt¢8lved All th• Inforthollon and èxpl8nallonB wt réqulf• for Our audll. A3 exp181n#d mor• fijlly In Ihe 8tatBment of TFU8lee6' rosponslbllllbs. Ihe TnJsteo8. who are 81so Ihe dlTecIoTS of the mpony for Ihe purposo of comp8ny low, •rg 1o$pon8lble for th• pT•poratlon ol Ihg flnllnclal $lal8mgnls and for bolng 6alisfi•d Ih8t thgy glv• g truo and f8lr v19w, gnd for Such Inlernol control 08 the Tfusle83 determing 15 nèceBsary lo enable the pr8parallon of financl818latemonts Ihal qr8 Ir¢e from mal8ribl mi981al&m8nl, vthèther due lo fraud or error. In prepgrlng tho Iln8n¢ll 8ts1om8n16, Ihè TTuslo08 Iirn respon8lblo lor •8seBsSn9 Iho compAny'8 oblllly ¢onllnue a8 4 golng concgrn. dlsdoslno, 0$ 8ppllc4ble, mattors rgloled lo golng Wirn ond uslng the golng ¢onc•rn ba$1$ of 8cc¢unllng unloss ihe Trust8 elther Inl•nd lo Ilquldg10 lh• charfiabh company or to c88s• opernlkns, or havo no re8llsllc •llernallv• bul to do so. Audllor'• r•¥pon•lblllll•• lor th• •udll of lh• fln•n¢l•l •t•tsm•nl• We have boon 8pOnlod o¥ auditor under 5Kllon 145 of tho ch4rl11 A¢t 20118nd roport In accordgncg wllh thg l •nd r•l•vanl r•gulallon4 mad• or h•viry oll•¢l th•reund•r, Our oWocllve$ aro to obl•ln iea8onablo 18&ur8nco about wh6ih8r Iho Ilnancl)1818lèrnfjnll OB & vthole ar• fr•• Irom malerl81 ml$gto1omènt. wholh6r due lo fraud or èrror. and lo IN8ue an 8udllorf8 ropyl Ihol Indudes our'oplnlon. R•a$onobl0 •s8ur8nce18 8 hlgh lovel of a88uranfA but 19 not 8 gu8r8nle• th•1 an audll ryjnduded In a¢cordance th ISA8 IUKI wlll Jlw8y8 d8lect o mjtèrlal mls81atem•nl when 11 oxl81&. Ml88tal•mènts can èd¥8 lffjm fraud or gryor gnd ore ¢ongid•r8d rnolenal11. Indr¥lduolly or In Ihg 8gofeg8te, tY ¢oyld rea$onably b8 gxpectèd lo Inftuonctr th• •cMorntc d•¢1•K8 of lak•n on tho b8olB ol Ih••o financlal •iat•m•nt8.' The oxlonl lo 1¢h ¢!ur procedwe8 gro e4pabl• of delKllng lffogul8rlllo8, Indudlno Iraud, IB dotsllod borow, AS port olour plannlng proces5: Wè onqulr•d ol mon8g•monl tho 8y81em8 Ind ¢Onl18 the charlty h•$.In plou, thè 8r•a8 of tho fingncl81 slaigmgn18 that 8re m05t 8u$caplibf8 to tho rl8k ol Irregularlties ar fv8ud. and whether there wag any known, 8USP8Ctad or gll¢o&d frAud. Th• charlty dld nol Infomi us ol any known, BU$P8clod or all•ged (rnud. We obtalned An undersl•ndlng ol lh8 leg81 and regul810ry fr8Mewo appllcebte lo the charlly. Wa consldered Ihe Inconllves ond oppgrtunllkns Ihat exlst In Iho ¢horlty, In¢ludlThg thcl extent of rnon8g•manl bla8, whlch pr•sonl a potenllal lor Irr•gul•rltl08 •nd Iraud lo b8 lp•t8100, ond tallored our r18k a98858m&nl a¢¢ortllnoly. Uslng our knowlgdge of the Gharbly, 100gth•r w6th lh• d18CusenG held wilh the charlly al Iho plannlng 9la9g. we fomigd a ¢onclu84on on Iho rl8k ol mlsstolemgnl dug to Irrngulartllo8 Indudlng tsud and lailored our procedures accordlng lo th18 rlsk as6es3rn8nl.
BIRMINGHAM CITY FC FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BIRMINGHAM CITY FC FOUNDATION We communl¢816 wllh those ch8rgod wlth gov8man¢e rogardlng. among other malte, Ihe ptfjnnthJ sw)0 and lknlng of the audit ond 8lgnlfi¢anl audll Ilndlng8, Including any slgnfficanl deficign¢i8$ In inltmal control th81 w Identify durlng our oudrt. 8ec8use ol thè Inherent Ilmlt8llon8 of on audtt. there Is a rlsk that W8 W711 not d8laot all Irreguloritie$. Includlng tho le8dlrg lo • rnoterl81 mlssthlemenl In Ilnandal 8t8lemenl8 or non&cornpll8ru wlth regulat1. Th1$ rl$k in¢rea5e8 tho rne that cOmlance YAlh 8 18w or re9ulallon from the gvents and Irangacilons reftecled In the flnand81 slatemenl$, as w¢ wlll be1856 Ilkety to be •w8r8 of Inst8n¢e$ of non-complian. The r18k1s al80 greal8r regaTding Irragulartllg8 occurnlng duo lo Iraud ralhor Ihan •rror. a8 Iraud Involv•8 Inl•nllonal conc*almanl, forgery. Iluston, Dmlsslon or mlsr•prn8•niallon. The k•y pmo•duf•8 w• undertook to dot•ttt lff•oul8Tbtl•$ IncrIng Iraud durtrvJ th• eour80 of th• 8udll In¢lud•d.' Identltylng and lelllng loumal •ntrles and tho over011 aGGotIng record8, kn pankular thom that wem 81gnificanl and unusual. Rov19wlng tho finBn¢l•l ¥tsl•monl dl8cloiur•• and dolornIng vthfjlh•r accounllng pollclos havo boon apwopd81gly opplied. Ass858lng the exlenl ol compll8nca, or18ck of. wlth the rolevant laws and regul81(on$. T•8llng koy Income Iln•$, In wjrtlcular cut-off, for evld•ncg of fflongg•mont bloi. Oocumonllng and vertfylng all slgnlflcanl related party transaGtlons. A lurth•r d&8crfpllon ol aur re8pon8K>llllle8 18 avallobl• on th Fln•n¢lol R•portlng Coundl'o w¢bslt• •1.. http6.'11 YNdw.frc.¢rg.ukJaudilornre8ponslblllllos. Th1$ des¢rtplltsn forn part ol our auditorf8 r8wt. U8• of our v•port Th18 report Is madg Bdely lo tho chaTIty8 Irus¢oe8, as a body. In accord&r wllh part 4 of the Ch8riJe8 (Accounts and Roports) R8gulallon$ 2008. Our audlt wurft has baon und•rtakon so Ih81 we mlghl 8tOte lo tho GharlVB tfusloe$ th088 ma rs we 8r8 requlrad to 81810 to them In •n audllorfs réport and for no olhar purpogfj. To th• full•sl axlgnl perml y law, wg do nol o¢cepl or assume responslbllrty to anyone other Ihan Itk? charfty and Ihe o body. lor our audll work. lor Ihl$ roport. OT for Iho oplnlon8 we hove formod. r Rlchard Horton FCCA IS•nlor St•tutory Audltorl for and on b•h•lf of sumer Audllco Llmlt•d Chart•r•d A¢¢ountab 8l•tutory Audllor Th• B••hlv• 8eehlv• Rlng Road London G4ckAIrport Gghvlck Uniled Klngdom RH6 OPA
BIRMINGHAM CITY FC FOUNDATION STATEMENT OF FINANCIAL ACTivmES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unr••trlct•d fund8 2024 R•8trlct•d lund• 2024 Total Vnroltrlcted funds 2023 2024 Not•• Incom• •nd •ndowm•nts.from'. Donatlons and1ogad•$ Charithblè actlvlll88 Invgsun•nl8 Olh•r In(y)mo 206,787 1,012,218 232 33,332 206.787 1,056,159 232 33,332 67.139 1.048,782 85 43.941 Total Income 1,252.569 43.941 1,296.510 1,116.006 Exp•ndltur• ¢n: Charltablo actlvlll 1,171,262 43,941 1215,203 1,178.185 folal •xp•ndltur• 1,171,262 43.941 1,21&203 1,178,165 Not In¢om•l{•xp•ndllur•) •nd mov•m•nt In lund• 81.307 81.307 <62.1591 R•conclllatlon of fund8: Fund balances at 1 July 2023 380,814 380,814 442,973 Fund blnc•• al 30 Jun• 2024 462,121 482,121 380,814 Th• slaternenl of tlngn¢lo1 ocllvllh8 Includ•J ill galni 4rKI1088•¥ r•¢ognl8•d In th• y•8f. All h¢yJm• 8nd •xp•nthturn d•rlv• from conllnulng acllvllle8. 10-
BIRMINGHAM CITY FC FOUNDATION BALANCE SHEET ASAT30JUNE 2024 2024 2023 Not•8 Flx•d A•••t• Tanglble assets 11 7,496 10,963 ¢urr•nt ••••t• Debtors C8sh 81 bank a1 In hond 12 118,758 S39,828 168.098 279,283 658,582 447,361 Cr•dltor•: •mounts lalllng du• wlihln on• y••r 14 (203,907) (77.510) N•t eurr•tht ••••l• 454.825 369,851 T•to1 ••ut•1o•• cuff•nt Ilabllltl•• 462.121 380.814 Il•t oimts •xdudlno p•n•loh114blllty 462,121 380,814 Th• fvnd• of th• oomp4ny Unr081rlci•d fund$ 462,121 380,814 482,121 380,814 Th• compBny l• enllllgd lo th• gxgmpllon from tho audll rgwlr0m•rt ¢onl•lng0 In 8odlon 477 of Ihg Companle8Act 2006. for the y•ar •ndgd 30 Jung 2024. otthough •n audll ha8 beèn cJvd•d oul und•r s•Gllon 144 01 th8 Chafllle8 Act 2011. Th• dlre¢tor8 •cknowled9e Ih•lr r•spon81blllll&s lor complyln9 wllh Ihg requlremgnls ol th• Conw4nlg$ Act 2006 th ra$pt to a¢nn0 r•¢ords and tho pr8parAik)n of financlal stalemrts. Th• mbmbgr8 have not roqulrfjd Ihg rompony lo oblaln an audll ol It& linandal 8lJl•ments under th• roqulrnmonl8 tho Comp8ni08 Acl 2006. for Ih? year In qugsllDn in acc(wdanc• wllh 80Ctknn 476. Th•8e Ilngnclal $ts1omen18 hav• been pr•p8red In 8ccor(l¢9 wllh th• pry>¥lslon$ appll¢ablo to compan1•8 8ublecl to the small companleg reglme. Th8 flnènclal 8l•lem8nl8 w•r8 approved by tho Tru$t888 on 17 Morch 2025 Mr S Re•d TN•t•• Cornpgny r8glstrollon number 04077355 (England and Woles} 11
BIRMINGHAM CITY FC FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 Not Co8h Ilows from op•rallng a¢tl¥ltl•$ Cash gonomled Iroml(8bsorbed ty) op¢r&llon• 21 293.863 170.189) Inv•stlng aCtlvltle8 Purcha8è oflangibio fixod as8et8 Invoslm•nl Income roc•lved (10,2131 85 232 N•t 8h gen•rated fr•mllu••d lrt) In¥•stlng 4¢llvlll08 232 110.1281 Fln•nclng •¢tlvllh$ Repoymenl of boffowlng8 {33,332) (46,668) N•1 ¢••h u••d In 1Sn•ndng •¢llvltl•• 133,3321 146,888) N•t lnarn•1(dlern41•) In cash and ¢a¥h •qulvil•nl• 280.583 {126,985) C•8h •nO co¥h equlv818nts al boglnnlng of y••r 279,283 408,228 C••h ond ¢Mh •qulval•nt• •t •nd ol ye•r 539,828 279,263 12-
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounkng polld•8 Ch•rlty Infomiotto 81rnvngham Clly FC Founda11 1$ a prlvalè company limllèd by guaronleo IncoyprNalfjd In Enuqond and Wol•o. Th• reg181ored offi Is clo 8CFC. Sl Androws Sladlum. Blrmlngham. W•sl Mldlgnds, 89 4RL. 1,1 Acrountlng conv•nllon Tho accounts ha¥• boen preparèd In accordance th th• cxmpanV8 Artlcl• of A980cl•llon, Iho Companl8s Acl 2006 and "Ac¢ounUng and Reportlng by chalieS.. Stal¢m•nl of Reeomm8nded Practlc¢ apFdicablo to Gh•rfllos preparlng Iholr èceounl8 In aGcordance th thg FlriBnclal Rgportlng Slandard Bppll¢ablg In tho UK and Republic of Ireland IFRS 1021" (as amondgd for 8ccounUng perfods commendng from 1 January 2019). Th• ¢0MnY Is • Publlc Bon8fi1 Entliy a8 dèflned by FRS 102. The fflnanclal 8lal•men16 are propargd In 61•rllng, ¥thlch 16 th8 luncllonal rrncY of company. Monel8ry amounts In Ih&s• flngndBI Blalwneni• •ro rounded to Iho noare81 £. Thg finonejal $1ot•menl8 hav• b•en pr•par•d und•r tho hl•lorlco1 co81 convenik)n. Tho prfP81 •GG¢>unll poltcl&$ odoplod are 80t wl b•low. 12 Golno conc•in Al lh9 Ilmg of 8pprovln9 th¢ finand¥l 8talement8, Ihe TrU8ts hav• a r09son•blg expectsllon Ihat Iho company hos adoqual• resourc8 lo conllnu• In op•rallonal •xlBlentè fof the for•8•••ble future. Thu8 lh• Tru8tees conllnu• lo adopl Iho golng COnM b8$ls of a¢unI1n In w¢padnp the financSal 8tat•m6nl8. 1.3 CharllablB luhd• Unre#lrlctèd lunfl$ ar6 8vallablo lor u80 al the dls¢r•llon of th• Tru61001 In lurthorance of Ih•lf charltsble obl•cllveJ. R•strlct•d lundj •r•'8ubl•ct lo 8p•clftc ¢ondltl¢n• by donN8 or gr•nlor8 •8 lo how Ih•y may bo Ud. Tho purp089J and uses of the re8lrfctod lunds ar• lol ¢)ul In the notes to the financlal 8l•l&m•nlB. Endowmenl fund• •r• oubl8ct lo Jpodflc MlItIOn1 by dono(8 th1 lh• c•pllJl mu$l be m•lnlgln•d by I company. 1A Income Incom618 recognl&•d wh•n Ihg company18 hgally onlill6d lo il after any p&rfom8ne& condlUonB hgvo b8•n m•t, th• amoun18 can be mea8urod reliably, ond1118 probable that In¢c4n• wlll bg re¢eIv. Co8h don•tlon6 ar• r•¢ognliod on Tor1p1. Olhor don?Ilon8 gr? roo)gnl6ed On lh• company hos been notlfled of lh¢ tlon8llon, unl989 perforn)an condllbns requlre deferr81 of the amount. Incomg tsx iecoveroble In r•latlon to d¢)ngUon$ rfjc•iv•d und•r GiftAld or doeds ol covonant la rKognl8ed al Ihg Ilme ol Ihe donallon. 1.5 EXndItr• Expondlluro 1$ r?cognl8•d onco Ihore i¥ a legal or nstrUCtIve obll9gllon lo tranifof •Mnomic benefit lo Ihlrd p8rty,1118 probable Ihal a Iransler of economlc benefrts wlll be required In $8tt16m•nL and the 8mourbl of tho obllyllon m888uMd rg118bty. Exp8ndllure 18 Gla55inod by actlvlty. The costs of each aclivlly are made up of the tolal of dlr•ct cosis end 8h•red cosls. Indudlng support $18 Involv•d In urNlgrt8klng o8¢h actlvily. Olretl c0818 attrlbutablw 10 a Blng ocllvily dfe allocalèd dlreclly to Ihal 8¢tivlly. Shared co81$ whl¢h conlribule ID moré Ih8n ong actllY and wpport costs whlch 819 nol attribulablg10 8 $tngl& aclivlty ar8 apportioned between thosè actitIOS on a basis COnStal wllh th• use ol resource& Cenlr•l 8l•ff eo818 8ro allo¢at•d on ihe ba8L8 of timg 8p8nt, and d&preclallon tharg8s.•r8 allocated on the povllon of the 088el'8 Uge. 13-
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounllng pollol•s IContlnu•d) All èxpendllurns arg acctyjntsd for on thè accruals b8sl& In partlwlor, tho c08t8 01 ch8ri18bl6 acUvlll88 repTO8ents 811 o)sts of the ch8rlly excluding Ih08e appolnléd to govornance costs. Where cos18 cennot be dlrectly 8ttribulèd lo parll¢ul8r heading$ Ihay have beèn èNocat8d to actlvillos on 8 bal$ consl818nl wilh us0 of th• resou•. 1.6 T•nglbl• nx•d ••8•ts Tanglble flxod 8s60ts are InOIty m&asuwd al cost and 8ubs8quenlly measured at cost or valu811on, Mt ol dèprecl8llon And any Impalrmont losses. Dewec6allon18 f09n18ftd 80 88 to wrll• off th• cog1 or valuallon of a$$•t81•88 Ihalr r•8lduo1 valiia8 owr thelr uoeful Ilv•$ on Ihg followlng bo¥88'. Tralnlng equlpm8nt Plgnl Ind moGhin¢ry Flxluf••. Ilttlno8 & •qulpm•nl SO% on cost 50% on cx8t 25% on r•dudng bal•rK• 1.7 Impalmwnl of flx•d as8•t8 A¢ each reportlng ond dale, lh• company TèvIow8 tho c•rrying amounts of Its longlble ass•ls to d•lormln• whelhor Ihgro 1$ any Indl¢atlon Ihgl Ihoge o•so19 hBv8 8uft•r8d on ImpAlmi•nl 1089. 11 any 8uch Indlc8llon •xlsl8, Ihv rO¥•ts1O amount of tho 4s8•t IB •8llmglad In ord•r lo d8taimlno Iho extsnl ol th• Impalrmenl k)5s Itl ony>. 1.8 ¢¥h and ¢••h •gulvil•nt• C8gh and ¢8&h oqulvil6nl& Includé c88h In hènd. deposits h•ld 91 ¢011 wllh b4nk6, olh•r short.l•fm Ilquld Investments wllh ortolnal malurtll88 ol thro0 rnonlhs or1•88, and bonk overaft8. Bank overdraft8 8r• shown wllhln boirowlngs In aent Ilabllltles. 1.9 Fln•n¢lo1 In•triiM•nts The MPanY ha8 glfjcled lo opply Iho provl8lon8 of Socllon 11 '8a8lc Flnoncl81 In8lrum•nti' ond Sodlon 12 'Olher Flnanclal In8lrumenl$188uob' of FRS 102 lo all of IiB fln•ncl41 nnIMOn18. Fln8nclal Inslrurnenls are rocognl8ed In th• company'8 bal•nc8 Sha81 whth the company becomes paty to Ihe ¢oniraclual provislon8 ol the Inslrumenl. Fln•ndal owl# and Ilablllllfji or• offi•l. wlth th• net amount8 presoTrt8d In th• ftnandal 8lalementJ. when thgro16 a legally gnforceablo rtght to B91 off tho recognlsed amount$ •Th1 thero lu an Inlonvon to sett18 on a not bas1$ or to re8llJe the a¥sel and sgtlle Ihe Ilablllly slrnullaneously. asl¢ Ilnwn¢lal ••$•ts Ba81¢ fin8ncl81 889•1$. whlch Includ• d•blorn and c8#h 8nd bank b#ne•s, InNl81ty m888urnd al Irgnsocllon price inGludlng Iron$8ctlon ¢o$l$ and aro Bubsequenlly carrled al 8morllsed o)81 Un9 lh8 effecAlve Int8resl melhod unle88 thè arr8ngemènl Mnslltules 8 finondng tr8nsacllon, where the transackn'on Is m9asured at Iho pr8sonl v8lug ol Ihe lulur8 rèceipts discounted al 8 markèt raio of inloro$1. Financlal 8&80ts d•#sfjftod as r•cofvabl• wlthln one Ar ar• not *mortl$•d. 14-
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounllng pollcl Icontlnued) •sl¢ Iln•n¢l•l Il•bllllles Basle fin8nclal Ilabllllles, Includlng ued41ors and bank loans are Inlublly re¢cJntsed al Iransaction prlce unless Ihe arr8ng•menl n¥ll1uts a Ilnanclng Iron$qcllon, whgrfj Ihg d•bl In8lNmonl 19 me8$urod al Ihe prgsenl valuè ol Ihè futuro poyrnonts d16counled al a mark•l rate ol kn1gre•t. Flnanclal IlJb6111190 ¢1983lfi•d as payablo wllhln one year are not amorused. O•bt In$tfumènts are 8ubs•quenlly carrled Al •mortls•d c081. u8lng th• •ffodlv• Inlor88t r810 m•lhod. Trado ¢r¢ditOT8 ai8 obllo81ion8 to p•y lor 9ood8 or 8ervlc88 Ihal have been aequlrod in th8 ordlnary eour$6 01 oyrallons from 8upplleYs. Amounts p&yèbl8 ore damlfled as curronl Ilabllltles 11 pgyment duo vlthln ong ytr8r or le$8. 11 not, Ihgy aro present811 08 non-curronl Ilablllllas. Trnde uodltors Bre recognlsed Inlilally at Irgn38Ctlon wlc and 6ubwuenUy Measur at amort188d cosl u81NJ th8 èlloctive Inl&re$t m8thod. Der8cognl¢lon olllnanclallkbllltl•$ Fln8n¢181 Ilablllll88 arè d8roc¢)onl$ed whon th• comp•ny'8 conlfactual obllg•tlons •xplY• Or #ro dtsohjrg or cfinc4lled. 1.10 Employ•• b•n•flt• The ${ ol •ny unu#6d holld4y ontlllemftnl IB recognl8gd In Ihg p•rlod In wthkh Ihe omployM'• sorv11 ar rocelv•d. Ternilnallon ben8fl18 arè ffjcognl8ed Immdlaloly Ats an éxpgnsfj when tho MpanY Is demonstrably rnmltted lo l•rnilnale the employmenl ol an employee oi lo provldè lemlnatlon bongflls. 1.11 R•tlremont b•n•ffts The chortt8blg company operalos a dellnod conlrlbutlons pon81on 8cl*me. Conlrlbutiong Are charg•d In Ihg accounls •• they b•com6 Y•blO In •c¢Ord•n wllh Iha rui•8 ol lh• Kh•m•. 1.12 Oonat•d ••r¥l¢•• Th• ¢hadty do•8 not Includ• donated s0Cla and fa¢llllloB In lh• Statom9nt of FIndls1 A¢ilvIll as lh• Trust18 ungble 10 quanllfy.or measure the valuo of thèse 8ervlcèi on g rea60nabl& ba816. 1.13 Fund 8tructur• Unfeslricted funds can used In •ccordanc• wllh Ihe Char4tsb Object88 It Ihe dlscrellon of the Trugtse8. Re8lrlcted lund• cttn only b• us•d for pwtl¢ul•r reslrt¢t•d purp(v•9 wlthjn th• otyocls of Ihg charlly. Reslrlcllon arlse whgn 8cld by tha donor or when fvnds aro ralsod lor p&rtlcular rnslrlcled purposfrs. 15-
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Incom• from donatlon8 #NI l•gaclo8 Unr•8trlct•d UTrrnstrl¢l•d fund• fvDd8 2024 2023 Donal1$ and gfft8 Foolbftll Leagu• Trust 161.787 45.000 34,359 32.780 206.787 67,139 Don•llon• •nd glft• 8CFC V8rbou8. pl8rAW8fl8 Green Apg Modla SNSG Glving Fund UK ITSL PonbI Bluos C8$h don)Ilons 3 Peaks Ch8116ng8 Other Donallon6 25,669 16.824 5.000 8.000 17,562 10.000 10,927 10,945 5,000 51,860 15,000 2,082 17,297 181,787 34,359 In¢om• from Inv••lm•nl• Unr••trlel•d Unr••trlcl•d funds lund• 2024 2023 Inler•8t rKolvablg 232 85 16-
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Incom4 from ch•rft•bl• actlvlll•& Unr•¥lrlct•d Rwtrlct•d fundts funds 2024 2024 Total Unr••trlct•d R••trl¢t•d fund$ fund$ 2023 2023 Tot•1 2024 2023 Educ•llon InrL)mlng TOsourc•s Irom charftoble 8clivillg$ Service8 provlded und•r conlracl lo $thool dorn1&s. 95.950 45.445 45,445 302.071 302,671 321,613 321,813 Juhlvr 81u•8 Incomlng re6ourc•8 fiom tharttèbl• •cllvllle$ 71.080 71.080 66.690 88,690 Klckz Incomlng Tosoufc•8 from ¢h8rflable adlvlll•• 54.187 54,187 86.287 88.287 Prlm•ry Sl•r• Incomlng rn8ourc•8 Irom charilablg 8¢llvlllè8 27,143 27,143 41,667 41,667 NCS Incomlng rosourc•s from Chalats1• •¢tlvlil•B {2.3871 (2,3871 Camp8 & S¢hool• Incomlng r080urc•s Irom chgrftablo aclfvlllvs 169,169 189.160 188,940 188.940 Oth•r ProJ•¢l• Incomlng fesoufc•5 from c+b8rf1gblè Activlllas Less.. dglerrod Incorn• 292.038 100,000 392,038 <56,069) (56.0691 300.527 300,527 1.012.218 43,941 1,OS6,1S9 1,048,782 1,048.782 Ch•fltabl• tr*dlng IoM• NCS- N8llon81 Clllzen SeNlcè18 a pmgrammè wn In partnernhlp wlth The Foolball L&8gu8. oth9r Proj8ds - Includ8 Skills.Tr81ning & Enwloy8tilty prLw3rammg, Dgvefoprngnl Conlras, D15abilily, Health and Wellbelng and other adhoc projods. 17-
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Other Ineome Unr••trlct•d Unmtrl¢t•d funds fttnds 2024 2023 33,332 Mat•rfal oth•r Incomè rèl41•s to tho wrile-off of a loan (rom relal•d par•8. The Found8tlon h98 b&on fornalty $bsolved of118 obllggtlon lo I8Y Ihl8108n from 81rrnlngM Clty Foolb811 Club, whlch con8lliuio8 lh• •nllroty of tho materlal olhor InGoms. 18-
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR eNDED JOJUNE 2024 Pthwry ¢•mp & i)th hool• Prnl•È¥ 2124 2024 2124 Sliflrthts D•y•dikn lrnF4nr•rt 439.138 34.2J2 5T7 J6,702 S77 •h72 20.1 111.830 130.358 779.n4 10,413 t7,aO 71.580 25M33 56.035 25.633 47.424 15,015 mOrwdlrnY •¥PPM•J Footwl ktt4nd•qulwThTrt 171 8.731 4.214 16.137 15292 1C 2,101 eJ73 1,710 17,L 15,437 p8fj 282 1S,137 Trllrdty & D•¥•loyfi•ffl 1992 282 3.2a4 979 70S 1.010 11.5Z8 J75204 105.$90 SJ243 27.919 1Y,310 21a,IM 1,134,49 Ihv• ol•upport4nd qw•m•n¢• wl• llw ft*71 Supwrt 19,190 12,198 4.974 J.100 4,974 J.100 4.gn 3.1fpJ 4.973 J,i¢o 4.973 J.IOD 49,737 ¥.1 f07,578 113,a54 61.317 35,gBg 8,073 182,3$3 226,2W 1,215,203 byfw 3.tsJ1 113.654 61.317 3589 8,073 1$1,•10 lo78 197Jll 1.171,282 28,801 43,941 807576 11).6Y 61,)17 162.383 221. 1215.2¢3
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR EIIDED 3Q JUNE W24 NC• C4rnp• & oth Taial 2> 1fy2J 23 202? 24 DJr•th ¢•• 281.124 1.231 19.410 14, SJm6 40,69) 410 97,4¢7 62.757 410 tO,374 19),790 781.S95 2A01 79.317 DIpT•d•n•nd np•fvm v•n 410 25,155 12,919 137 731 12,201 4,514 F¢t&l k•rO 4P•i t2, 18356 14.¢fjJ 65.jio 14,535 14,336 10,1B9 372 8,262 45,113 10,4B2 ¢oryut•rty)5 Tr•knknp&O•Ythpm•nl Prfthg, Pothq• & 122r•J z63 272 2M10 10.493 38Y 2.211 703 1trJ 2.971 13.730 40$ 718 13.458 420 2,938 78.901 70217 04.890 106.986 14J.146 241.61• 1m2.?49 Suppon 23.725 10.844 S,931 2AeO 6.931 $.9)1 5.831 5.931 5.932 S•.312 0,9S7 281 1IS.J77 153.m 250,211 1.178,185 AMty•l• bylun 430.867 65.S52 03201 115.STI 1S3.m 250.211
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Support costs allocAtod to actlvlllej 2014 2023 80s1s of •llocaelon CAI - 40%. CA2-7- 10% CAI- 40%. CA2-T- IO% CAI-40%. CA2-7-IQ% CAI . 40%. CA2-7- 1 Legg18nd profesBlonal Sundry Bank Charges Gov•mance co816 8.533 37.954 3.252 30.996 7,774 49.325 2.213 26.604 80,735 85.#18 An4ly••d b•twMn: ducaiion Junlor Bluas Klckz Prlfflary Star8 NCS Campj & Schcd• Othèr Prolecls 32,294 8,074 8,074 8,074 8,073 8,073 8,073 34,369 8,591 8.591 8,S91 8,591 8,591 8,592 80,735 86,91e Charltablè a¢llW 1 r•l&t•o lo Educallon 1¢8 8mounilng lo 40% of th tot•1 support ¢08t• (8•• noi• 6}. Charlteble aclMlle8 2-7 relalas to Ihe 6 other key cknarlt8blo adlvllla$ PorfM•d dtmlng Iha year. 11 ha$ bwi •8tlrngled Ihal 10% of the lo1818upport co8 relo1• to •ach of Ih•8• k•y acllvlll••18•8 note 6). Gov8man¢8 cos18 Includ09 Payn18 lo lh8 •udltor8 of £10,5301202S£9,270) for audll 1009. N•t mov•ment In fund• 2024 2023 Th• n•t mov•menl In lund818 8l•l•d aftar chorglnWILndlllngi: Fè•8 payabla lor tho audll of th8 chadV8 flnanclal 8tstemonts D8pr•d8tlon ol own8d langlbl8 Ilx•d a8so18 10.530 3.485 9.270 2,461 employ••• The averoge ffonthly. nurnber ofomptyes durfng the year was.. 2024 Nufflb•r 2023 Numb•r Community officars Ca81101 sthff 18 18 26 Total 44 44 21
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Employ••• {Contlnu•dl Employmont costs 2024 2023 W89•$ and 88larfe8 Soclal s•curity co818 Olhgr $10 c¢sls .710.664 51,920 17,1SO 692,969 52.018 16.608 779.734 761.595 Th¢ number ol fjmploye wh08• •nnuo1 r•munorMllon wa6 more Ihan £60.000 Is 88 follow8.. 2024 Numb•r 2023 Numb•f 8ond- E70.001- £80,OC 10 Tax0 Tho ¢h*lty l• •x•mpi from tax on Ineom• •nd galns 14lllng 60¢tth 505 of lh• Tax 1988 or 6•cllon 252 of the Taxation of Cthqrgeablè Galn8 Act 199210 the exlont thal Ihe8e gre applled lo Its charIlae obJgGts. 11 T•nglbl• flx•d ••••t• Pliht •tyd m•¢hln•ry Flxtui•b. fllWno• & •4uIpMni Tot•1 •qylprnent Go¥t At 1 Juty 2023 48,097 90.017 11,116 147.229 AI 30 Juna 2024 46,097 90,017 11,115 147,229 fl•pr•clatlon •nd Imp•lrni•nt At 1 July 2023 Depr•datlon CT9¥d Sn th• y•ar 36,523 2.394 89.052 965 10.693 106 138.286 3,465 AI 30 Juno 2024 38.917 90,017 10,799 139,n3 C•rrylng amounl AI 30 June 2024 7.160 316 7,496 At 30 June 2023 9,575 422 10,963 .22.
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 JUNE 2024 12 D•btoY• 2024 2023 Amounts lalllng du• wtthln on• year. Trnd8 d•bloT8 Other doblors Prepayfflenls and 8c¢ruod Incomg 19.290 1.700 97.766 90.020 78,078 118.756 168,098 13 LoAn• •nd w•rd¥afts 2024 2023 Oth•r10gn• 33.332 pots1O wllhln ono y•*r 33,332 14 Cr•dltor•: •mouDts l•lllng d¥• wlthln on• ymr 2024 2023 Not•• Borrowings Olhei laxallon ond 8od&l SIty Defeired In(me Trade credllNs Olhgr credlto Accruals 33,332 18.072 4.248 5.449 8.434 7,975 20,572 92,357 23,699 3,500 83,829 16 203,957 77.610 -23.
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 15 D•tsrr•d Incom• 2024 2023 Artslng from Foolball"K61 D•p06118 & Olhor Prolects 92.357 4,248 Oeftrrad Sncomè 1$ Includèd In tlw fln8nd818latemènls •8 follows.. 2024 2023 Deferred Incfm)•18 Indled wlthln: Cuir8nl Ilabllllle8 92,357 4,248 Movements In tho year.. D&ferred incomg &11 July 2023 Rel8a8ed from provlou¥ porlod8 Ra80urc•s deforfed In tho year 4,248 14,2481 92,357 S6,418 162,170) O•l•rred Incom• ai 30 thJn• 2024 92,357 4.248 16 R•iir•m•nt b•n•fit •ch•m•• 2024 2023 D•llMd ¢ontrfbutlon sch•m•8 Charge to prolll or1048 In rn•p8ct ol defln•d contrlbutlon 8ch•m•• 17,150 10.608 The company op•rale8 a denned conlrlt¢ullon penslon 8cheme for all qual1n9 •mploy••s. Tho 8S86ts of the mo •ro held Paratty from Iho8è of ltr MpanY In an Indopond8Ally Èdmlnl8tered fund. 17 R•8trlct•d fund8 Tho restrfcl•d furKI8 ol lh• ¢horfty comprf$• Iho unexp•ndod bal8neA• of domllons and 9ran18 held on tw81 sutyocl to SP8cific condithjns by d(mors lo how thèy MÈY bo us¢d, At 1 Juty 2023 Incgrnlng R••ourc• r••our¢o8 •xp•nded At30 Juno 2024 AMG Fund8 43.941 (43,941) .24-
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 11 Unr•8trtct•d fvnds Thè unr88liicted funds ol thè charlly comprf88 the unaxpended balances ol donallons and granls whlch ar8 not Sub1 to 8peclllc condlllons by dor¥)rs and grantors as to how th&y may bo usod. Those includg do8lgnal•d lund8 whlch hav• b6•n 88t 48ld6 out ol unro6trided fund8 by th• Iruslees lor 8p8¢lflc purpDse$. At 1 July 2023 Incomlng R•souve•• r•goiir¢e8 •xpend•d At 30 Jun• 2024 Genwol funds 380,814 1,252,569 {t,171,262) 462.121 Pr•vlou• y•ir: At I 2022 Incomlng R•8ourc•B r••our¢o• •xp•nd•d At 30 Jun• 2023 Gon•r81 lund8 442,973 1,116.1x16 (1.178.165) 380,814 19 Op•rntlng l•••• commllm•nt$ L••••• Al th& reportlng end. date tha company had out81andlng commllm8n18 for lulurn mlnlmum 18888 puym6nts under non-cancellablo operaling188sos. whl¢h fall dug J$ follows.. 2024 2023 Wllhln ong year Betw••n Iwo And flve years 12,830 33.381 13,634 13.634 47,01S 20 Rel•t•d party trAnMctlon• Tran¥•clSon• wlth vol•ted p•rtlo¥ Ouring lh8 year Ihe company entered ir)to the followlng lrnn8acth)ng wllh related p8rtie$: Incom• 2024 Exp•ndllur• 2024 2023 2D23 Blrmlngham Clty FC 33,332 10.370 33,332 10.370 556 -25-
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 20 R•lat•d p•rty Ir•n•ArfIoThG {CoTrtlnu•dl Th6 f10n9 wnounts were outst8ndlng al th6 rnportlng end dalè.. Afflounts ow•d to rntsi•d partl•8 2024 2023 Tr8d8 - 81rmlngham Clty FC Lo8n- Blrmlngham Clty FC 33.395 33,395 The followln9 •mounts W•M outsthndln9 at the reportlng •nd da¢•: Amount• oW•d by r•l•tsd partl•J 2023 Tradè debtors - BlrmlNJham c FC 7.160 7,370 7,180 7.370 21 C••h g•n•r•i•d from op•i*tlon• 2024 2023 SurpluvJ(dofidl} lor th• yOAr 81.307 162.159) Adluglmtsnl8 lor.. Invoslmènt Income rgMgn18&d in slat8ment of finandal 0¢16vltbo4 Depreclaupn and Imp•lmgnl of i•nglbl• Ilxod a880ts (2321 3,467 1851 2,460 MovomenlB In worklng Gapllal: Decreage In debtors Incr•86glld•craas81 In cr•dllOrn Incr••sel{deuoaso) In deforfed Income 49,342 71,870 88,109 59.035 117,2501 152,170) ¢h g•n•rnt•d ffoml{•bowb•d by) op•iallon• 293,663 (TO,169} -26.
BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 22 Analy•l• of ¢h•ng•¥ In n•t lund• At 1 July 2023 Cash Ilo** 30Jun8 2024 Cash 81 bank and In hand 279.263 280,563 539.826 Loans 18lllng duo wlthln one year 133.332) 33,332 245,931 293.895 539.826 23 Aydllor•' Elhl¢•l 8t•ndard• In common wllh m8ny ch8rttlè8 of our ilz• •nd nalufo our AudllDr lo 6181 1 thé wpparAtlon d th• •Gcounts, -27-