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← Birmingham City FC Foundation

2025-06-30-accounts

Charity registration number 1086631 (England and Wales)

Company registration number 04077355

BIRMINGHAM CITY FC FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

BIRMINGHAM CITY FC FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees MrS Reed
Mrs J M Maher
Mr R Paranandi
Mr S Athwal
Mr P Cadman
Mr G Cook
Mr J Dale
Charity number (England and Wales) 1086631
Company number 04077355
Registered office clo BCFC
StAndrews Stadium
Birmingham
West Midlands
B9 4RL
Auditor SumerAuditco Limited
Acre House
41-15 William Road
London
NW 3ER
Bankers The Co-operative Bank
Olympic House
6 Olympic Court
Mountford Street
Manchester
Salford
M5 2QP
Solicitors Napthens LLP
7 Winckley Square
Preston
Lancashire
PR13JD

BIRMINGHAM CITY FC FOUNDATION

CONTENTS

Page
Trustees’ report 1-4
Statement ofTrustees' responsibilities 5
Independent auditor's report 6-8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 11
Notestothefinancialstatements 12-26

BIRMINGHAM CITY FC FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The Trustees present their annual report and financial statements for the year ended 30 June 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the company's Memorandum and Article of Association, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in October 2019.

Objectives and activities

The Foundation’s charitable objectives are focused on delivering benefits to the public, particularly those most in need, by using the power of football to engage people in education, training and skills development, healthy lifestyles, and participation in sport.

The Foundation aims to be distinguished by the quality of its leadership, management, and programme delivery. We take pride in our ability to respond to the needs and aspirations of the communities we serve while providing meaningful opportunities for people to develop, thrive, and succeed.

Education continues to be a core pillar of the Birmingham City FC Foundation. Our education programmes focus on supporting the development of the future workforce by providing young people with the skills, knowledge, and experiences required to move successfully into employment.

The Foundation is proud that more than 25% of our full-time workforce are former learners who progressed through our education programmes. This reflects our commitment to creating genuine pathways into employment and supporting long-term personal development.

Our School Academy model has now entered its second full year of delivery, and we continue to see the positive benefits of utilising the Birmingham City brand to engage young people in meaningful activities within school settings. Our partnerships with four School Academy partners continue to go from strength to strength, enabling us to deliver a wide and varied programme of activity designed to support young people’s development and success.

Delivery within primary schools has also continued to grow throughout the 2024/2025 academic year. We have expanded the number of primary school partners we work with and now engage with more than 23 primary schools across the course of the year.

Structure, Governance and Management

The Foundation remains focused on delivering high-quality programmes across our communities. To achieve this, it is essential that the organisation maintains a strong operational structure supported by skilled and experienced staff. Continued investment in our workforce ensures we have the expertise required to deliver impactful programmes while supporting the long-term growth of the charity.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the company should undertake.

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BIRMINGHAM CITY FC FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Achievements and performance

Chairs Report

Whereas the previous financial year was dominated by considerable transformation following the change of ownership of our affiliate football club, Birmingham City FC, this financial year has been one of stability and growth.

Having adopted a new strategy in the previous year, this year was focussed on ensuring that the strategy was implemented to gain maximum impact across the charity's “core pillars’. This was achieved with considerable success as both engagement in the community and the funds raised increased substantially. The trajectory of growth remains strong, and the Board has prioritised sustainable growth over faster short-term but short-lived growth.

With the appointments and resignations from the Board that came from the 23/24 financial year, Board stability was warranted and so there were no appointments in the financial year. This enabled the Board to ‘'bed-in’ and remain focussed. lan Dutton stepped down as a trustee after 4 years on the Board having left his role as Managing Director of Birmingham City FC a few months earlier. On behalf of the Board of Trustees, | would like to thank lan for his contribution to the Foundation.

So, the headline for this year is: “consolidation”. With the renewed direction and sense of purpose, the charity's focus has been on consolidating the transformation into sustainable growth and maximising the impact on the Birmingham community.

Finally, on behalf of the Board of Trustees, | would once again like to thank all volunteers, staff, partners, funders and sponsors for all of the hard work, support and input over the past year. We couldn't have done it without you!

Head of Community Report

The 2024/2025 season has been another year of significant growth for the Birmingham City FC Foundation. Two years ago, we set out an ambitious vision to focus on changing the lives of those most in need across our city, particularly young people, and to be recognised for caring, helping, and supporting our communities. We are now seeing that vision begin to come to fruition.

Our role, responsibilities, and impact across Birmingham have never been greater and more clearly evidenced. The communities we serve continue to face significant challenges, including educational deprivation, limited access to skills and training, health inequalities, and barriers to participation in sport. We have ensured that we are positioned across our diverse communities to provide support in all these areas through Birmingham City Footbal! Club Foundation specific programmes or partnership collaboration with other key stakeholders.

To support our continued growth and meet this increasing demand, the Foundation has focused on developing and expanding new funding streams. These include a series of annual fundraising activations delivered throughout the year, alongside the launch of the 1875 Club, which aims to generate additional financial support for the charity. As the football club’s charitable arm, we continue to work closely with all departments, its commercial partners and its fans as we tackle the challenges across the city. An example of this happening is the club partnerships with Vertu and the University of Birmingham whose funding have contributed to the delivery of a Primary and Secondary School tournament across Birmingham. This opportunity enabled more than 2000 young people between the ages of 10-15 to access a football programme whilst engaging in full time education. Through the development of new funding streams, we will look to continue to deliver across our core delivery areas.

This past year has once again seen participant engagement increase significantly. In 24/25 we engaged with more than 34,000 people across the city. This growth also reflects the success of our local community hub, located just 100 metres from the stadium. The hub now welcomes between 600 and 700 people per week, providing access to a wide range of meaningful activities, opportunities, and support services delivered by the Foundation and our partners.

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BIRMINGHAM CITY FC FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Blues Nose Day 2024 focused on addressing food poverty across the city. Food insecurity remains a significant challenge across Birmingham, with a growing number of families facing difficulties accessing healthy and affordable food. To help tackle this growing issue we partnered with a food charity and all funds raised during Blue Nose Day 2025 will be used to launch and deliver food pantries within our community.

We have also seen continued growth across all our Football for All programmes. This has included the introduction of a new Armed Forces Football programme, alongside the expansion of our Pan-Disability Football development programmes. Our Girls’ Football development pathway continues to grow, with a clear structure now in place from introductory opportunities through to the elite pathway. This includes the Emerging Talent Centre, which is delivered in partnership with Birmingham City FC Women’s Team, helping to create new opportunities for young female players across the region.

Financial review

The 2023/2024 financial year concluded with an income exceeding expenditure by £81,307, based on an overall revenue of £1,296,510. Moving into the 2024/2025 financial year, the Foundation has once again experienced growth, with total revenue increasing to £1,788,757 and income exceeding expenditure by £36,411. This increase in revenue has enabled the Foundation to further expand its workforce and programme delivery. As a result, staff costs have increased during the 2024/2025 period by 34% compared to the 2023/2024 financial year, this reflecting the continued investment in people required to deliver high-quality community programmes with FT staff rising from 18 at the end of 2024 to 31 at the end of 2025.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to meet running costs for three months in the event of major variation of circumstances. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the company’s current activities while consideration is given to ways in which additional funds may be raised.

When setting the reserves policy for unrestricted funds the trustees are mindful of the fact that some restricted activities require the use of unrestricted funds in the short term. Funding for restricted activities is generally received after the activity has been completed and expenditure will initially have been met from unrestricted funds.

The Foundation continues to operate in line with its financial reserves policy.

Major risks

The Trustees have assessed the major risks to which the company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The company is a company limited by guarantee, incorporated 25th September 2000 and registered as a charity on 18th May 2001.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr S Reed Mr| Dutton (Resigned 9 September 2024) Mrs J M Maher Mr R Paranandi Mr S Athwal Mr P Cadman Mr G Cook Mr J Date

Recruitment and appointment of trustees

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

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BIRMINGHAM CITY FC FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

The Trustees regularly review their skills set to ensure the governing board have the expertise to benefit the Charity and seek to recruit new Trustees when skills gaps appear. Trustees have identified expertise gaps and will be recruiting suitable persons.

New trustees undergo an orientation to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association and decision making processes, the business plan and recent financial performance of the charity. During the induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisational structure

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

External risks to funding have led to the development of a strategic plan which will allow for diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they meet the needs of the charity.

The balance sheet sets out an analysis of the assets attributable to the various funds. These assets are sufficient to meet the charity’s obligations on a fund by fund basis.

Auditor

In accordance with the company's articles, a resolution proposing that Sumer Auditco Limited be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditors

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees’ report was approved by the Board of Trustees.

Steven Keed __ Steven Reed (Mar 24 7026 17 12 48 GMT)

Mr S Reed Trustee

24 March 2026

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BIRMINGHAM CITY FC FOUNDATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025

The Trustees, who are also the directors of Birmingham City FC Foundation for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

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 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

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BIRMINGHAM CITY FC FOUNDATION

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BIRMINGHAM CITY FC FOUNDATION

Opinion

We have audited the financial statements of Birmingham City FC Foundation (the ‘company’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is 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 jaw. 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 required to report that fact.

We have nothing to report in this regard.

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BIRMINGHAM CITY FC FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BIRMINGHAM CITY FC FOUNDATION

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 trustees’ report and the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of Trustees’ responsibilities, the Trustees, who are also the directors of the company for the purpose 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 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.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

As part of our planning process:

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BIRMINGHAM CITY FC FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BIRMINGHAM CITY FC FOUNDATION

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal contro! that we identify during our audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation from the events and transactions reflected in the financial statements, as we will be less likely to be aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves 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/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitt¢d/by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustegs/as a body, for our audit work, for this report, or for the opinions we have formed.

r Richard Horton FCCA pit Statutory Auditor)

For and on behalf of Sumer Auditco Limited, Statutory Auditor

Chartered Accountants

Acre House

11-15 William Road London Date:NW1 ER)......¥ & Mgt ny)LO -

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BIRMINGHAM CITY FC FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income and endowments from:
Donations and legacies 2 578,154 206,787
Charitable activities 3 1,210,362 1,056,159
Investments 4 241 232
Other income 5 - 33,332
Total income 1,788,757 4,296,510
Expenditure on:
Charitable activities 6 1,752,346 1,215,203
Total expenditure 1,752,346 1,215,203
Net income and movement in funds 36,411 81,307
Reconciliation of funds:
Fund balances at 4 July 2024 462,121 380,814
Fundbalancesat30June2025 498,532 462,121

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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BIRMINGHAM CITY FC FOUNDATION

BALANCE SHEET AS AT 30 JUNE 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 11 5,623 7,496
Current assets
Debtors 12 386,021 418,756
Cash at bank and in hand 382,836 539,826
768,857 658,582
Creditors: amounts falling due within 13
one year (275,948) (203,957)
Net current assets 492,909 454,625
Total assets less current liabilities 498,532 462,121
The funds of the company
Unrestricted funds 16 498,532 462,121
498,532 462,121

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 24 March 2026

StevenStevenReea Reed(Mac 24 __ 2026 17 12 48 GMT)

MrS Reed Trustee

Company registration number 04077355 (England and Wales)

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BIRMINGHAM CITY FC FOUNDATION

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|(absorbed|by)/generated|from|19| |operations|(157,231)|293,663| |Investing|activities| |Investment|income|received|241|232| |Net|cash|generated|from|investing|activities|241|232| |Financing|activities| |Repayment|of|borrowings|-|(33,332)| |Net|cash|used|in|financing|activities|-|(33,332)| |Net|(decrease)/increase|in|cash|and|cash| |equivalents|(156,990)|260,563| |Cash|and|cash|equivalents|at|beginning|of year|539,826|279,263| |Cash|and|cash|equivalents|at end|of year|382,836|539,826|

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BIRMINGHAM CITY FC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Charity information

Birmingham City FC Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is c/o BCFC, St Andrews Stadium, Birmingham, West Midlands, B9 4RL.

1.1. Basis of preparation The accounts have been prepared in accordance with the company's Article of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2019). The company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the company.

1.4 Income Income is recognised when the company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the company has been Notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

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BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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All expenditures are accounted for on the accruals basis. In particular, the costs of charitable activities represents all costs of the charity excluding those appointed to governance costs. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Training equipment 25% on reducing balance Plant and machinery 50% on cost Fixtures, fittings & equipment 25% on reducing balance

1.7 Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

The charitable company operates a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

1.12 Donated services

The charity does not include donated services and facilities in the Statement of Financial Activities as the Trust is unable to quantify or measure the value of these services on a reasonable basis.

1.13 Fund structure

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. Restriction arise when specified by the donor or when funds are raised for particular restricted purposes.

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BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 508,154 161,787
Football League Trust 70,000 45,000
578,154 206,787
Donations and gifts
BCFC 139,333 24,469
Various - PlayerAwards 14,390 16,824
The Christmas Gift Initiative - 21,000
SNSG - 8,000
Giving Fund UK 60,170 17,562
ITSL - 10,000
Panjabi Blues - 10,927
Cash donations 12,484 10,945
3 Peaks Challenge - 6,150
Sehlby Companies Limited 194,701 -
Other 87,076 35,910
508,154 161,787
Other income breakdown
Blue Nose Day 32,000
Other Donations 16,561 9,284
Just Giving 11,736
Stripe 4,176
Francis Memorial Event 3,843
Charities Trust 3,390
V Smith 2,750
West Midlands Combined Authority 2,500
Devon Blues OSC 2,096
Solihull Blues OSC 2,000
The Grantham Yorke 2,000
TPT UK LTD 1,902
Hether N SFC 1,110
L Riley 1,013
Quiz Fundraiser Event 8,550
C Sinclair 3,030
J Fear 3,000
Fundraising 9,546
J Bowles 1,500
Le Creux Consultants 4,000
87,076 35,910

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BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

3 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Education
Provision ofservices 64,682 95,950
Services provided under contract 204,835 302,671
Junior Blues
Provision ofservices 78,923 71,080
Kickz
Provision ofservices 75,833 54,167
Primary Stars
Provision ofservices 42,857 27,143
School Acadamies & Community Hub
Provision ofservices 218,450 100,000
Less: deferred income - (56,059)
Camps & Schools
Provision ofservices 224,750 169,169
Other Projects
Provision of services 300,032 292,038
1,210,362 1,056,159

Charitable trading income

Other Projects - Include Skills, Training & Employability programme, Development Centres, Disability, Health and Wellbeing and other adhoc projects.

Restricted income from the previous financial year relates to funds donated for the Community Hub. These funds are no longer considered restricted, as they were fully applied to the Community Hub project. The Community Hub now operates as a distinct activity within the charity, with its own income and expenditure analysis presented separately within these financial statements.

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BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

4 Income from investments

Interest receivable

----- Start of picture text -----
||| |---|---| |Unrestricted|Unrestricted| |funds|funds| |2025|2024| |£|£| |241|232|

----- End of picture text -----

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||||| |---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2025|2024| |£|£| |Other|income|-|33,332|

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Material other income relates to the write-off of a loan from related parties. The Foundation has been formally absolved of its obligation to repay this loan from Birmingham City Football Club, which constitutes the entirety of the material other income.

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BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

6 Expenditure on charitable activities

EducationJunior Blues Kickz Primary
Stars		 School
Academies		 Camps &
Schools		 Other
Projects		 Total
&
Community
Hub
2025 2025 2025 2025 2025 2025 2025 2025
£ £ £ £ £ £ £ £
Direct costs
Staffcosts 494,336 32,390 47,587 54,271 165,423 80,753 164,248 1,039,008
Depreciation and impairment 938 312 312 - - 312 - 4,874
Venue Hire 5,976 38,761 2,712 - - 12,366 12,495 72,310
Other Poject Costs 10,447 - - - 16,452 - 47,944 74,843
Motorand travel expenses 60,348 - 50 185 69 4,906 212 65,770
Football kitand equipment 1,342 - 1,051 6,309 18,795 49,803 7,650 84,950
Coaching costs - 7,263 - 5,486 - 305 - 13,054
Computer costs 4,431 - - - - 8,963 - 10,394
Training and development 2,699 - 2,671 1,509 - ~ - 6,879
Printing, postage and stationary 417 - - - - - - 417
Telecommunications
Other		 1,223
3,942		 -
8,644		 1,333
419		 1,223
1,885		 -
14,950		 1,063
2,929		 870
216,024		 5,712
248,793
Advertising 10,004 - - - - - - 10,004
593,103 87,370 56,135 70,868 215,689 161,400 449,443 = 1,634,008
Share ofsupport and governance costs (see note 7)
Support
Governance		 36,247
11,087		 9,063
2,771		 9,063
2,771		 9,063
2,771		 9,063
2,771		 9,063
2,771		 9,063
2,771		 90,625
27,713
640,437 99,204 67,969 82,702 227,523 173,234 461,277 = 1,752,346
Analysis by fund
Unrestrictedfunds 640,437 99,204 67,969 82,702 227,523 173,234 461,277 1,752,346

BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

6 Expenditure on charitable activities

(Continued)

The "Other Costs" reported under the “Other Projects" category comprise several components: £438.00 related to marketing activities for the Development Centre, £16,900.13 in administrative costs associated with various miscellaneous projects, £160,873.82 in fundraising expenses classified under General, and a management fee of £37,812.00 allocated to other miscellaneous projects.

Restricted expenditure from the previous financial year relates to funds spent on the Community Hub. These funds are no longer considered restricted, as they were fully applied to the Community Hub project. The Community Hub now operates as a distinct activity within the charity, with its own income and expenditure analysis presented separately within these financial statements.

BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

6 Expenditure on charitable activities (Continued)
Previous year: EducationJunior Blues Kickz Primary
Stars		 School
Academies		 Camps&
Schools		 Other
Projects		 Total
&
Community
Hub
2024 2024 2024 2024 2024 2024 2024 2024
2 £ £ £ £ £ £ £
Direct costs
Staffcosts 429,134 34,252 35,702 20,451 28,891 111,835 109,465 769,730
Depreciation and impairment 1,737 577 577 - - 574 - 3,465
Venue Hire 13,513 28,892 8,472 . - 10,443 17,260 78,580
Other Poject Costs 25,633 - - - - - - 25,633
Motorand travel expenses 47,424 . 404 177 - 8,736 94 56,835
Football kit and equipment 15,065 16,137 2,101 698 - 4,214 6,373 44,588
Coaching costs - 15,292 . 1,710 - - - 17,002
Computer costs 10,560 106 - - 4,577 594 - 15,837
Training and development 1,940 - 3,992 2,853 - - - 8,785
Printing, postage and stationary 282 - - - - - - 282
Telecommunications
Other		 3,284
12,131		 469
9,855		 979
1,016		 1,016
1,010		 -
10,473		 1,386
6,055		 705
55,348		 7,839
95,888
Advertising 10,004 - - - - - - 10,004
570,707 105,580 53,243 27,915 43,941 143,837 189,245 1,134,468
Share ofsupport and governance costs (see note 7)
Support
Governance		 19,896
12,398		 4,974
3,100		 4,974
3,100		 4,974
3,100		 4,973
3,100		 4,973
3,100		 4,973
3,100		 49,737
30,998
603,001 113,654 61,317 35,989 52,014 151,910 197,318 1,215,203
Analysis byfund
Unrestrictedfunds 603,001 113,654 61,317 35,989 52,014 151,910 197,318 1,215,203

BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |7|Support|costs|allocated|to|activities| |2025|2024| |£|£| |Basis|of allocation| |Legal|and|professional|9,976|8,533| |Sundry|76,205|37,954| |Bank|Charges|CAT|- 40%,|CA2|-7 -10%|4,444|3,252| |Governance|costs|CAT|-|40%,|CA2-7-|10%|27,713|30,996| |118,338|80,735| |Analysed|between:| |Education|47,334|32,294| |Junior|Blues|11,834|8,074| |Kickz|11,834|8,074| |Primary|Stars|11,834|8,074| |School Academies|&|Community|Hub|11,834|8,073| |Camps|&|Schools|11,834|8,073| |Other|Projects|11,834|8,073| |118,338|80,735|

----- End of picture text -----

Charitable activity 1 relates to Education costs amounting to 40% of the total support costs (see note 6).

Charitable activities 2-7 relates to the 6 other key charitable activities performed during the year. It has been estimated that 10% of the total support costs relate to each of these key activities (see note 6).

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |8|Net|movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for|the|audit|of the|charity's|financial|statements|41,280|10,530| |Depreciation|of owned|tangibie|fixed|assets|1,874|3,465|

----- End of picture text -----

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BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

9 Employees

The average monthly number of employees during the year was:

The average monthly number of employeesemployees during the year was:
2025 2024
Number Number
Community officers 31 18
Casual staff 19 26
Total 50 44
Employment costs 2025 2024
£ £
Wagesand salaries 934,082 700,660
Social security costs 81,776 51,920
Other pension costs 23,150 17,150
1,039,008 769,730
The number of employees whose annual remuneration was more than £60,000
is as follows:
2025 2024
Number Number
Band - £70,001 - £80,000 - 1
Band - £80,001 - £90,000 1 -
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2025 2024
£ £
Aggregatecompensation 84,211 76,305

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

11. Tangible fixed assets
Training
equipment		 Plantand
machinery		 Fixtures,
fittings&		 Total
equipment
£ £ £ £
Cost
At 7 July 2024 46,097 90,017 41,115 147,229
At 30 June 2025 46,097 90,017 11,115 147,229
Depreciation and impairment
At 1 July 2024 38,916 90,017 10,799 439,732
Depreciation charged in the year 1,795 - 79 1,874
At 30 June 2025 40,711 90,017 10,878 141,606
Carrying amount
At 30 June 2025 5,386 - 237 5,623
At 30 June 2024 7,180 - 316 7,496
12 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 322,669 19,290
Other debtors 4,625 1,700
Prepayments and accrued income 58,727 97,766
386,021 418,756
13 Creditors: amounts falling due within one year
2025 2024
Notes £ £
Other taxation and social security 26,385 20,572
Deferred income 14 162,243 92,357
Trade creditors 26,711 23,699
Other creditors - 3,500
Accruals 60,609 63,829
275,948 203,957

BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

14 Deferred income
2025 2024
£ £
Arising from Football Kit Deposits & Other
Projects 162,243 92,357
Deferred income is included in the financial statements as follows:
2025 2024
£ £
Deferred income is included within:
Current liabilities 162,243 92,357
Movements in the year:
Deferred income at 1 July 2024 92,357 4,248
Released from previous periods (92,357) (4,248)
Resources deferred in the year 162,243 92,357
Deferred incame at 30 June 2025 162,243 92 357
15 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit orloss in respect ofdefined contribution schemes 23,150 17,150
The company operates a defined contribution pension scheme for all qualifying employees. The assets ofthe
scheme are held separately from those of thecompany in an independently administered fund.
16 Unrestricted funds
The unrestricted funds ofthe charity comprise the unexpended balances of donations and grantswhich which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 July 2024 Incoming Resources At 30June
resources expended 2025
£ £ £ £
General funds 462,121 1,788,757 (1,752,346) 498,532
Previous year: At 1 July 2023 Incoming Resources At30 June
resources expended 2024
£ £ £ £
Generalfunds 380,814 1,296,510 (1,215,203) 462,121

BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

17 Operating lease commitments

Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025 2024
£ £
Within one year 2,495 12,850
Between two and five years 2,953 784
5,448 13,634

18 Related party transactions

Transactions with related parties

During the year the company entered into the following transactions with related parties:

income Expenditure
2025 2024 2025 2024
£ £ £ £
Birmingham City FC 379,351 200,029 113,110 510
379,351 200,029 113,110 510

Last year, an amount of £33,332 was written off following the formal release of the Foundation from its obligation to repay the loan previously provided by Birmingham City Football Club. Further details regarding this transaction can be found in Note 5 of the accounts.

The following amounts were outstanding at the reporting end date:

Amounts owed to related
parties
2025 2024
£ £
Trade creditors - Birmingham City FC 21,130 3,500
Loan - Birmingham City FC 4,114 -
84,211 76,305

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BIRMINGHAM CITY FC FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

18 Related party transactions

(Continued)

The following amounts were outstanding at the reporting end date:

Amounts owed by related Amounts owed by refated
parties parties
2025 2024
Balance Net Balance Net
£ £ £ £
Trade debtors - Birmingham City FC 123,286 123,286 7,160 7,160
123,286 123,286 7,160 7,160
19 Cash (absorbed by)/generated from operations 2025 2024
£ £
Surplus forthe year 36,411 81,307
Adjustments for:
Investment income recognised in statement offinancial activities (241) (232)
Depreciation and impairment oftangible fixed assets 1,873 3,467
Movements in working capital:
(Increase)/decrease in debtors (267,265) 49,342
Increase in creditors 2,105 71,670
Increase in deferred income 69,886 88,109
Cash(absorbedby)/generatedfromoperations (157,231) 293,663

20 =Analysis of changes in net funds

The company had no material debt during the year.

21 Auditors’ Ethicai Standards

In common with many charities of our size and nature we use our auditor to assist with the preparation of the accounts.

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