Charity reglstration number 1090916
Company registration number 04312794 {England and Wales)
SAINTS FOUNDATION (SFC)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

SAINTS FOUNDATION (SFC)
CONTENTS
Page
Trustees report
Independent auditor's report
Slalement of financial activities
10
Balance sheet
11
statement of cash flows
12
Notes lo the financial slalements
13-25

SAINTS FOUNDATION (SFC)
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
T Croucher
B Walker
R Goldsworthy
B Umfleet
A Hendon-John
R Wheeler-osman
JFew
P Parsons
F Benali
(Appointed 19 October 2023)
(Appointed 19 October 2023)
{Appointed 19 October 2023)
(Appointed 19 Oclober 2023)
(Appointed 26 March 2024)
(Appointed 26 March 20241
(Appointed 26 March 20241
(Appointed 26 March 20241
Charity number
1090916
Company number
04312794
Registered office
St Mary's Stadium
Britannia Road
Soulhamplon
Hampshire
S014 5FP
Auditor
Fiander Tovell Limited
stag Gates House
63164 The Avenue
Soulhampion
Hampshire
S017 1XS

SAINTS FOUNDATION (SFC)
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their annual report and fin8ncial statemenls for the year ended 30 June 2024.
The financial statements have been prepared In accordance with the accounting policies set out in note 1 to the
financial slalements and comply with the charity's governing document, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Fin2nci81 Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021"
(effective 1 January 2019).
ObJectives and activities
The charitable company is established for the promotion of community participation in healthy recreation for the
benefit of children in full time education and disadvantaged adults residing in the county of Hampshire and other
neighbouring areas by the provision of facilities and opportunities for the playing of 2nd learning through football.
Public benefit
The trustees confirm that they have given careful consideration to the Charity Commission's guidance on public
benefit when reviewing the charity's aims and objectives for the year. The trustees judge that all charitable activity
made meets this guidance.
Achievements and performance
The start of the year was very much framed around the challenges caused by Southampton Football Club's men's
first teams. relegation from the Premier League, and the resulting decrease in funding. Whilst this was expected to
have a significant negative impact, in reality the year evolved positively with a chance to reset operations, alongside
record numbers of participanls engaged and outcomes achieved. Whilst the charily has not been able to grow any
activily significantly, we have consolidated, focused on what's important and did not have to reduce the scale of any
projects, as a result of both the aulhorised budget deficit and the success of the fundraising team in filling these
gaps.
Saints Foundation was also able lo launch 'Sainls Restart, a project designed lo support adult male offenders
leaving HMP Winchester to positively resettle in Southampton and the surrounding areas, in order lo reduce crime
and help these men to contribute positively in their cornmunity. We also welcomed support from the Premier League
Charitable Fund's Police Partnerships granl and the Office of the Police and Crime Commissioner lo fund our Saints
Switching Play Project, after the end of the existing grants term, which has given il security into the 2024125
financial year. Our A¢live Through Football Project re-branded in the year to S014'.Aclive in order to belter
represent the project and the participants il engages, and was also nominated for awards at a local and national
level. Another positive development was Ihe enhanced Work Experience week that we were able lo offer lo 12
students from across our Communily Champion and Inspires Schools, which saw a collaborative approach between
staff In club and Foundation.
On a Projects front we engaged with 5,710 individual participants across our 15 projects which represents a 70/0 rise
on 2022123 and equates to roughly 2 /0 of Southampton's population. 4,930 of those participants achieved at least
one positive outcome, with a total of 11,796 positive outcomes achieved by participants,. this means that our project
delivery is not just engaging larger numbers of those who need il but are also more effective in helping them
achieve outcomes for themselves.
This financial year also saw the recruitment of our first bespoke Lawyer, with the recruitment of a Legal Advisor. This
role was deemed essential given the increasing governance demands and the risks being undertaken by the charity.
The role was recruited and started in January with a clear remit around risk management and data protection, as
well as being the Secretary lo the Board of Trustees. The role helped to kick off a governance plan with the Board
which will be worked on IhroughoLJt 2024 and d81ivered in 2025.

SAINTS FOUNDATION (SFC)
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Our fundraising aclivity this year has been more critical than ever with record funds raised through our raft of public
fundraising initiatives, from community, corporate, individuals and events. As ever we are grateful for the support of
our many donors who really stepped up when we needed il mosl, through their participation in events including the
return of the Red & While Quiz and our annual Bike Ride, as well our Charity Dinner which was again our biggest
single fundraising event. We are fortunale lo call on the support of some significant Corporate Partners locally
including Barratt David Wilson Homes and DP World Soulhampton, who not only provided volunteers through their
employee volunteering schemes, but also ran events to benefit Saints FoLJndation. The Benali on Tour event
returned for il's second year, with fundraisers taking on the Yorkshire 3 Peaks alongside club legend Franny Bènali
and raising over 40k in the pracess.
Key partnerships
Saints Foundation continues lo work closely with and alongside a range of partners in order lo deliver our projects.
with support continuing lo come from the football family in the form of the Premier League Charitable Fund and The
Professional Footballers Associations, alongside the English Football League Trust and Southampton FC. We have
maintained relationships with key funding partners such as The National Lollery Community Foundation and
Children in Need, Third House Trust, Soulhamplon Hospital Charity and Substance through the Chances Social
Impact Bond. We have also worked closely with partners such as Hampshire's Police and Crime Commissioner.
Hampshire's Integrated Care Board and Soulhampion City Council to deliver on their priorities, and access funding
as a result.
Al a local level our schools conlinue to be crucial partners, whether Secondary, Primary or Specialist, across all of
our projects, whether in school or the community. We actively collaborate with other community organisations and
stalulory partners in the city to support those who need it, and continuing examples include our work wilh Yellow
Door and Communicare which have develop further in the year. Alongside this has come the opportunity for all
Community Groups working with young people in the City to connect through Young Southampton, and we look
fonmard to this group establishing itself.
Financial review
During the year ending 30 June 2024 the charity received income amounting to £2,770,935 (2023.. £2,470,176).
Resources were expended of £2,899,09312023'. £2,418,737). The deficit for the year was £128,158 (2023.. surplus
of £51,439) and has resulted in a cash outhow in the year of £15,653 (2023.. £96,640) due to working capital
movements and a surplus in unrestricted funds of £959,646 {2023'. £1,091,126). The year end cash position stood
at £1,454,117 (2023.. £1,469,770}.
Going concern
The 2023124 year was a challenging one financially, where the charity made a year-end deficit of £128,158, the first
time a deficit has been recorded since 2015, leaving free reserves at £959,646. As of 301h June 2024, this meant our
free reserve would amount ta 3.95 months of operating costs.
Whilst running a deficit is not a good thing, this was a planned approach and a clear rationale for why Ihat was the
case this year. The relegation of Southampton Football Club's men's first team fram the Premier League in the
2022123 year, meant a significant drop in funding to the charity because of the change in league status of the team.
The Board of Trustees authorised the use of reserves, towards a budgeted £200,000 deficit budget in 2023124, in
order to sustain jobs and maintain delivery. This was seen as 8 positive slep lo use reserves exactly as intended for
extreme circumstances. The budget was approved on the basis of the charity holding a healthy reserve, of almost
95010 of the six-month policy, and in order to fulfil its purpose of supporting those people most in need.

SAINTS FOUNDATION (SFC)
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
During the 2023124 year the team established more efficient methods of operation 8nd were also successful in
bringing in record fundraising revenues. There were also successes in securing grant funding for projects over
multiple years, which supports the future delivery of these projects. Additionally, Southampton Football Club
continue to support the charity through the provision of office space at discounted value and the provision of some
staff resource lo support Saints Foundation's operation.
The promotion back into the Premier League secured by the men's first team, means that Saints Foundation will
access an enhanced funding stream again. Whilst this is welcome news, the charity has also setup lo use this in a
more pragmatic way, over multiple years where possible, in order to be less re5iant and less al risk of the volatility of
relegation and promotion. Operationally the charity has also set out plans to review the team structure and
efficiency, in order to identify ways lo better share resources between proj8cts and ensure that financial resources
are used most effectively. There are also plans to use the benefit of the funding in the 2024125 year to invest in
resources which will have a benefit in the longer term, both operationally and in ongoing revenue sources. As such
a budget for the 2024125 year was set in order lo restore some of the ReseNes, which were used in 2023124.
As such, after careful consideration, the Trustees are of the view that the charity has sufficient liquidity lo continue lo
operate during the period in question, and indeed long into the future, and therefore consider it appropriate to
continue lo prepare the financial statements on a going concern basis.
Fundraising
Saints Foundation are signed up to the Fundraising Regulalols voluntary registration scheme and consider
Ihemselves fully compliant with the guidelines as set out. Any new initiatives are signed off through the Chief
Executive Officer of Saints Foundation and Trustee Board before commencing, and success is measured through a
ser¢es of financial and operatlonal KPI'S, as set out in our fundraising strategy.
During the financial year, no associated complaints were received, and due lo our main method of fundraising being
through the running of events, a local business patrons, club and the sale of items on our auction site, we are
confident that no one will have felt under any undue pressure lo support us.
Reserves policy
In accordance with Charity Commission guidelines the trustees consider that the charity should hold reserves lo
meet operational expenditure in the event of a significant drop in income. The trustees voted lo change the
Reserves Policy in October 2023, decreasing it from 6 months to 4 months running costs, in order to be pragmalic
and not unnecessarily hold funds which could be used towards Ihe charitable purpose. The total reserves of the
company as al 30th June 2024 amount to £1,036,766 of which £9,471 is held in fixed assets and £950,175 is
considered free reseNes. This sufficiently covers approximately 4.1 months of expenditure.
Plans for future periods
After a challenging bul successful 12 monlhs, the 2023124 period will see a sustained focus on supporting those
people most impacted by inequalities in Southamplon, through the 15 projects of work that we have established.
Alongside maintaining our quality of delivery, and achievement of project KPI'S, the Project Operations team will
have a focus on the effectiveness of each intervention and the sharing of expertise and experience between
different projects. Having und8rtaken an extensive consullalion around the needs of young people and adults with a
disability in the City, we have a comprehensive Disability Project which funding dependent, we are planning to
launch to support young adults to be active and develop skills lo support independent living. To support this we plan
to place our Employability and Gender Equality projects together with our disability plans, in a newly formed
Development Pillar of work to give these projecis structure, resource and enable them to thrive.
Next year will also see the first lime that we are able to put a £ value against the outcomes of the work that we
undertake, having commissioned a research partner lo undertake a Social Return on Investment Study into our
outcomes from the 2023124 delivery year. Whilst the SROI is only one measure amongst many thal we collect, it will
enable the Charity to demonstrate the social value of each project and pillar of work, as well as the overall social
value that Saints Foundation delivers. This will be used with partners and funders, as well as with donors, to help
the understanding that for each £1 donated, we are able to lurn il into a greater social value.

SAINTS FOUNDATION (SFC)
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
The year ahead is also about innovation in the charity's abilily raise funds, with continued diversification of income
streams. We plan to launch a new Corporate giving product named 'Premium Patrons,, building on the success of
our existing Patrons scheme and providing 8n opportunity for those with a desire to give al a higher level the
opportunity to do so and be recognised for it. In addition, Saints Foundation will take control of its malchday
fundraising with the re-launch of 'Sainls Superdraw, using our own platforms and use this as a method lo increase
individual giving. To support these aims we will invest in a Fundraising CRM platform in order lo be able to record
and steward our donors effectively.
Structure, governance and management
The company, which is a registered charity, is limited by guarantee and does not have any share capital. The liability
of each member under guarantee does not exceed the sum of £1.11 is governed by a Memorandum and Articles of
Association.
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..
M Abrahams
R Jackson
T Shaw
T Croucher
A Gross
E Young
B Walker
R Goldsworthy
B Umfleet
A Hendon-John
R Wheeler-osman
JFew
P Parsons
F Benali
(Resigned 23 January 2024)
(Resigned 10 June 20241
(Resigned 19 October 2023)
{Resigned 3 July 2023)
{Resigned 23 January 2024)
{Appoinled 19 October 20231
(Appointed 19 October 2023)
(Appointed 19 October 2023)
(Appointed 19 October 2023)
(Appointed 26 March 2024)
{Appointed 26 March 2024)
{Appoinled 26 March 2024)
(Appointed 26 March 2024)
Recruitment and appointment of trustees
The Board of trustees is responsible for appointing trustees who have to be nominated and elected at a Board
meeting. As part of a long-term governance plan a number of long standing Iruslees retired within the year, including
Toni Shaw (retired October 20231, Mark Abrahams (retired January 20241 and Rod Jackson (retired June 2024).
Additionally, Emma Young resigned from her position as trustee in January 2024. As part of this plan a number of
new Irustees were appointed to the Board after a structured recruitment campaign based on the identified skills,
expertise and experiences needed, with Ben Walker, Rachel Goldsworthy, Dishi Umfleet and Anne Hendon-John
appointed and inducted in October {191h October 2023). Whilst James Few and Franny Benali were appointed as
trustees in March 2024. to fill the remaining Board gaps identified.
The Trustee Board was bolstered by two new Southampton Football Club employee representatives in March 2023,
namely Phil Parsons ISFC CEO) and Ros Wheeler {SFC Club Secretary), who were appointed through agreement
between Saints Foundalion and the football club representatives before being nominated, with the final say on all
recruitment given to existing Trustees.

SAINTS FOUNDATION (SFC)
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Organisational structure
The trustees decide the long-term strategy for the charity., they approve the sel budgets and review financial
performance on a monthly basis ulilising the resources of a Finance Manager, supported by the Southampton
Football Club Finance Department, insligaling change when required. The trustees have appointed a Head of the
Charity {Chief Executive Officer), who runs the operations of the charitable company on behalf of the trustees. The
Chief Executive Officer (Greg Baker) is assisted by a team of staff dedicated to running the day-to-day operations of
Saints Foundation, made up of Sam Fulling {Chief Operating Officer), Robert Pearce (Head of Project Operations),
Lucy Horne (Head of Impact & Insight), Charlie Martin Ilnterim Head of Fundraising & Marketing) and Jazz Bhalli
{Head of Partnerships & Business Development).
There were a number of changes in the Senior Management team within the year. including the Head of
Fundraising & Marketing going on maternity leave in May with Charlie Martin promoted into the role on an Interim
basis, and the Head of Project Operations leaving in April, being replaced by Robert Pearce on an interim basis in
June. Additionally, the Chief Executive Greg Baker moved inlo an interim role with Southampton Football Club in
June 2024, with Chief Operating Officer Sam Fulling performing an interim role as Head of the Charity.
The Chief Executive Officer af Saints Foundation sal on both the Club Executive Team and ils Leadership team,
being joined on the laller by the Chief Operating Officer. This helps build and maintain links between the two
organisalions, with Southampton FC considered a related party. There is a Service Level Agreement in place
between the two, selling out the support provided to the charity from the club, which includes a dedicated office
space, access to HR, IT Safeguarding and Legal support, as well as granting usage of the football club's Intellectual
Properly marks.
The Iruslees lake advice and consider similar organis81ions when deciding the level of pay for Ihe Chief Executive,
whilst that of the rest of the Senior Management Team and all other staff is delegated by the Board to the Chief
Executive Offi￿r. Remuneration and Benefits for those staff is set using benchmarking, including through regular
data compiled by and shared by the Premier League as well as using local intelligence around typical rates for
similar roles, as well as being based on experience and performance metrics.
Induction and training of trustees
The trustees have in place procedures for the induction and training of Iruslees, which have been tested and
modified given the number of new trustees in the last year. The trustees appointed during the year, were all provide
an induction, including being invited on a number of project visits, as well as being added to the training and
development offer afforded lo all other Trustees.
A development programme of training for all Trustees is being devised to be implemented during the 2023124 year,
taking into account both the skills needed for trustees and the key are8 of operation of the charity.
Risk management
The trustees actively review the major risks which the charitable company faces on a regular basis. The charitable
company has developed systems to monltor and control these risks and to manage any impa¢l they may have on
the charitable company's future. Risks are included within the Risk Register and reviewed by the trustees on an
annual basls.
The syslems of internal control to provide reasonable, but not absolute, assuran￿ against material mlsstatemenl or
loss. They include:
A strategic plan and an annual budget approved by the trustees
Monthly management accounts which show variance from budget and re-forecast anticipated results for the
year, which are reviewed by the trLJStees',
ReseNes and Investment Policy.
Policies and procedures to govern Safeguarding. Health and Safety and incident management
Delegation of authority and segregation of duties., and
The loss of funding, non-performance against targets and fraud.

SAINTS FOUNDATION {SFC)
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Statement of trustees responsibilities
The trustees, who are also the directors of Saints Foundation (SFCI for the purpose of cornpany law, are
responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice).
Company Law requires the Iruslees lo prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity 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 slatemenls, the Iruslees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subject lo any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity
will eonlinue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any lime Ihe financial position of the charity and enable them lo ensure that the financial slalemenls comply with the
Companies Act 2006. They are also responsible for safeguarding the assels of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
In accordance with tha company's articles, a resolution proposing Ihal Fiander Tovell Limited be reappointed as
auditor of the company will be put at a General Meeting.
Disclosure of Informatlon to auditor
Each of the trustees has confirmed thal there is no information of which they are aware which is relevant to the
audit, bul of which the auditor 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.
T Croucher
Trustee
Date..

SAINTS FOUNDATION (SFC)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SAINTS FOUNDATION {SFC)
Opinion
We have audited the financial statements of Saints Foundation (SFCI (the 'charily'} for the year ended 30 JLJne
2024 which comprise the statement of financial aclivilies, the balance sheet, the slalemenl of cash flows and notes
to the financial stalemenls, 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 8pplicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial slatemenls:
give a true and fair view of the state of the charitable company's affairs as a130 June 2024 and of its incoming
resources and application of resources, including ils income 2nd expenditure. for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for lhe audit of
the financial slalements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant lo our audil 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 lo 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 slalements 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 charity's ability to continue as a going
concern for a period of at least iwelve 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 slatemenls
and our auditor's report Ihereon. The Iruslees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly staled in our report, 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 materia51y
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 misslalements, we are
required to determine whether this gives rise to a material misslatemenl in the financial statements themselves. If,
based on the work we have performed, we conclude Ihat there is a material misstatement of this other information,
we are required to report thal fact.
We have nothing to report in this regard.
Oplnlons on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the Course of our audit..
the information given in the trustees report for the financial year for which the financial slalements are
prepared, which includes the directors, report prepared for Ihe purposes of company law. is consistent with the
flnancial slatements. and
Ihe directors, report included within the trustees report has been prepared in accordance with applicable legal
requirements.

SAINTS FOUNDATION (SFC)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SAINTS FOUNDATION {SFC)
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and ils environment obtained in the course of the
audit, we have not identified material misstatements in the directors, report included within the trustees report.
We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us., or
the financial statements are not in agreement with the accounting records and relurns., or
certain disclosures of Iruslees. remuneralion specified by law are not made., or
we have not received all Ihe informalion and explanations we require for our audit., or
the trustees were not enlilled to prepare the financial slalemenls in accordan￿ with Ihe small companies
regime and take advantage of the small companies, exemptions in preparing the trustees report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the statement of trustees responsibilities, the Iruslees, who are also Ihe directors of the
charity 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 slalements, the trustees are responsible for assessing the charity's ability to
conlinue as a going concern. disclosing, as applicable, matters relaled lo going concern and using the going
concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease
operations, or have no realistic allernalive but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial slalements 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 bul is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misslalemenls can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influen
Ihe 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.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
we identified Ihe laws and regulations applicable to the company through discussions with directors and
other management, and from our commercial knowledge and experience.
we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company, including the Companies Act 2006, laxalion
legislalion, data protection, employment, environmental and health and safety legislation.
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management.
We assessed the susceplibilily of the company's financial statements to material misstatement, including obtaining
an understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceptibility lo fraud, thelr
knowledge of actual, suspected and alleged fraud.
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.

SAINTS FOUNDATION (SFC)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SAINTS FOUNDATION {SFC)
Audit response to risks identified
To address the risk offraud through management bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpected relationships.
tested journal entries to identify unusual transactions.
performed transactional testing on payroll Gosts in respect of those employees with responsibility or
authority in connection with the payroll function.
assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias.
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included. but were not limited to..
agreeing financial statement disclosures to underlying supporting documenlalion.
enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed Ihal laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to
enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Malerial misstatements that aris8 due lo fraud can be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https=Il
.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to Ihe charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2a06. Our audit work has been undertaken so that we might stale to the charitable companls
members those matters we are required lo state to them in an aLJdilor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility lo anyone other Ihan the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Mark Gregory ACA (Senior Statutory Auditor)
for and on behalf of Flander Tovell Limited
27 December 2024
Chartered Accountants
Statutory Audltor
Stag Gates House
63164 The Avenue
Southampton
Hampshire
S017 1XS

SAINTS FOUNDATION (SFC)
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Unrestricted Restrlcted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
894,146
894,146
397,384 1,089,707 1,487,091
346,137
346,137
43,561
43,561
617,088
617,088
464,995 1,040,275 1,505,270
327,054
327,054
13,252
13,252
7,512
7,512
Total income
1,681,228 1.089.707
2,770,935
1,429,901
1,040,275 2,470,176
Expenditure on..
Raising funds
Charitable activities
287,834
287,834
1.431,549 1,179,710 2,611,259
216,272
216,272
1,025,493 1,176,972 2,202,465
Total expenditure
1,719,383 1,179,710 2,899,093
1,241,765 1,176,972 2,418,737
Net incomel(expenditurel
(38,155)
{90,003) (128,158)
188,136
(136,697)
51,439
Transfers between
funds
{93,325)
93,325
{97,188)
97,188
Net movement in
funds
{131,4801
3,322
(128,158)
90,948
(39,5091
51,.439
Reconclliatlon of funds:
Fund balances at 1 July 2023
1,091,126
73,798 1,164,924
1,000,178
113,307
1,113,485
Fund balances at 30 June
2024
959,646
77,120 1,036,766
1.091.126
73,798 1,164,924
The statement of financial aclivilies includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
10-

SAINTS FOUNDATION (SFC)
BALANCE SHEET
AS AT 30 JUNE 2024
2024
2023
Notes
Fixed assets
Tangible assets
14
9,471
4,981
Current assets
Debtors
Cash at bank and in hand
15
523,482
1,454,117
231,184
1,469,770
1,977,599
1,700,954
Creditors: amounts falling due withln
one year
16
950,304
541,011
Net current assets
1,027,295
1,159,943
Total assets less current Ilabllities
1,036,766
1,164,924
The funds of the charity
Restricted income funds
Unrestricted funds
19
77,120
959,646
73,798
1,091,126
1,036,766
1,164,924
The financial statements were approved by the trustees on
T Croucher
Trustee
Company registration number 04312794 (England and Wales)
11

SAINTS FOUNDATION (SFC)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
2024
2023
Notes
Cash flows from operating activities
Cash absorbed by operations
24
{51,0551
{109,151)
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income re￿iVed
{8,159)
{5,0551
7,512
13,252
43,561
Net cash generated from Investing
activities
35,402
15,709
Financlng actlvltles
Payment of obligations under finance leases
(3,198)
Net cash used In flnanclng activities
{3,198)
Net decrease in cash and cash equivalents
(15,653)
{96,640)
Cash and cash equivalents al beginning of year
1,469,770
1.566,410
Cash and cash equivalents at end of year
1,454,117
1,469.770
12-

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
Charity information
Saints Foundation (SFCI is a private company limited by guarantee incorporated in England and Wales. The
registered office is Sl Mary's Stadium, Britannia Road, Southamplon, Hampshire, S014 5FP.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of
Association, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland. {'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Slalement
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 1021" (effective 1 January 20191. The
charity is a Public Benefit Entity as defined by FRS 102.
The financial slalements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial stalemenls have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the lime of approving the financial slalements, the trustees have a reasonable expeclallon that the charity
has adequate resources lo continue in operational existence for the foreseeable future. For further information
on this please see the Going Concern section of the Trustees Report. Thus the trustees continu8 to adopt the
going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Iruslees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are sel out in the notes to the financial slalemenls.
1.4 Income
All income is recognised in the stat8ment of financial activities when the conditions for receipt have been met,
the monetary value of the incoming resources can be measure with sufficient reliability and there is
reasonable assurance of receipt. The following accounting policies are applied to income.,
Income from charitable activities
Income from charitable activities represents income from the delivery of the charity's core projects. The
income is accounted for on a receivable basis. Incoming resources from seNice level agreements are
re¢ognised on performance.
Donations
Donations represent core-funding, donations from corporates and individuals and those dedicating volunteer
events lo the charity. Where services are provided al no cost, the value of those seNices are treated as a
donation in kind with the respective cost charged lo expenditure.
Voluntary incorne includes income from legacies that are accounted for on notification by the personal
representatives and the value of the legacy can be measured reliably and the receipt of that amount is
probable.
13

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
(Continued)
Fundraising
Fundraising income represents the monies received from supporters of the company fundraising events and
are accounted for at the lime of the event.
The charity operates a matchday lottery which is accounted for in Ilne with the lottery accounts and an auction
site which recognises incorne on settlement of the bid. Stadium tours are accounted for in the period in which
the tours take place.
Interest income
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the
charity., this is normally upon notification of the interest paid or payable by the bank.
1.5 Expendlture
Resources expend8d, accounted for on an accruals basis, are allocated between costs of charitable
expenditure and fundraising.
Costs of raising funds
These are costs which are directly related to the raising of voluntary donations and granls and publicising the
activities of the charity.
Costs of charitable a¢tlvltles
Costs of charitable activities include services supplied identifiable as wholly or mainly in support of the
charitable company's objectives. Direct costs are allocated against Ihe activities of the charity and support
costs are apportioned on the basis of staff numbers.
1.6 Tanglble fixed assets
All assets over £1,000 are capitalised.
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Plant and equipment
3 5 year slraight line
The gain or loss arising on the disposal of an assel is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charily 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 lif any).
1.8 Cash and cash equivalonts
Cash and cash equivalents include cash In hand, deposits held al c811 with banks, other short-lerm liquld
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
14-

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
{Contlnuedl
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financlal Inslrumenls, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial stalemenls, when
there is a legally enforceable right lo 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.
Baslc flnanclal 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 al amortised cost using the effective
interest method Ljnless the arrangement constitutes a financing transaction, where the transaction is
measured al the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc flnanclal 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 rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in Ihe 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-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of flnancial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
Gancelled.
1.10 Employee benefits
The cost of any unused holiday enlitlement is recognised in the period in which the employee's services are
received.
Termination benefits are re¢ognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or lo provide termination benefits.
1.11 Retirement benefits
The charity operates a defined contribution plan for ils employees. A defined contribution plan is a pension
plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been
made the charity has no further payment obligations.
The contributions are recognised as an expense in the slalements of financial activities when they fall due.
Amounts not paid are shown separately as a liability in the balance sheet. The assets of the plan are held
separately from the charity in the administered funds.
15-

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Critical accounting estimates and judgements
In the application of the charity's accounting policies. the trustees are required to make judgements. estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are ¢onsidered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and fulure periods where the revision affects bolh current and fLJlure
periods.
The trustees do not consider there to be any key sources of eslimalion uncertainty.
Donatlons and legacies
Unrestrlcted Unrestricted
funds
funds
2024
2023
Community donations
Individual donations
Corporate gifts
Donated services
30,040
114,770
624,336
125,000
20,863
97,260
373,965
125,000
894,146
617,088
Charitable activities
Charitable Charitable
Income
Income
Events
Events
2024
2023
Performance relaled grants
1,487,091 1,505,270
Analysis by fund
Unrestricted funds
Restricted funds
397,384
464,995
1,089,707 1,040,275
1,487,091 1,505,270
16-

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Income from other trading activities
Unrestricted Unrestrlctèd
funds
funds
2024
2023
Auctions
Events & activities
Gift aid
Matchday lollery
39,504
258,739
22,920
24.974
34,185
259,684
17,377
15,808
Other trading activities
346,137
327,054
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
43,561
13,252
Other income
Unrestricted Unrestricted
funds
funds
2024
2023
Net gain on disposal of tangible fixed assets
7,512
Raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraisin
and ublicit
Malchday lottery
Events & activities
Corporate activities
Advertising
Auction sile
Community activities
186
148,218
129,336
59
101,562
100,838
3,756
10,057
8,266
1,828
Fundraising and publicity
287,834
216,272
17-

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Expenditure on charitable activities
Charitable
Charitable
Expenditure Expenditure
Projects
Projects
2024
2023
Direct costs
staff costs
Depreciation and impairment
Overheads
2,120,317
3,669
333,373
1.799,203
4,780
248,842
2,457,359
2,052,825
Share of support and governance costs (see note 10)
Support
Governance
125,000
28,900
125,000
24,640
2,611,259
2,202,465
Analysis by fund
Unrestricted funds
Restricted funds
1,431,549
1,179,710
1,025,493
1.176,972
2,611,259
2,202,465
10 Support costs
Support Governance
costs
costs
2024
Support Governance
costs
costs
2023
Donated seNices
125,000
125,000
125,000
125,000
Audit fees
Insurances
17,700
11,200
17,700
11,200
13,440
11,200
13,440
11,200
125,000
28,900
153,900
125,000
24,640
149,640
Analysed between
Charitable activities
125,000
28,900
153,900
125,000
24,640
149,640
11 Trustees
None of the Iruslees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
18-

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
12 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Direct
Administration
Part time coaches
56
52
29
33
Total
89
88
Employment costs
2024
2023
Wages and salaries
Social security costs
Olher pension costs
1,881,556
169,503
69,258
1,604,988
142,454
51,761
2,120,317
1,799,203
Part time coaches numbers are based on full time equivalents.
The number of employees whose annual remuneration was more than £60,000
is as follows..
2024
Number
2023
Number
£60,001 to £70,000
£80,001 to £90,000
£90.001 to £100,000
Remuneration of key management personnel
Key management personnel include all senior managers across Saints Foundation (SFC), who logether have
authority and responsibility for planning, directing and controlling the activilies of the charity. Their
remuneration is as follows..
2024
2023
Aggregate compensation
358,035
244,721
13 Taxation
The chariiy is exempt from taxation on ils activities because all its income is applied for charitable purposes.
19-

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
14 Tangible fixed assets
Plant and
equlpment
Cost
At 1 July 2023
Additions
Disposals
9,937
8,159
{4,8821
At 30 June 2024
13,214
Depreclatlon and impairment
Al 1 July 2023
Depreciation charged in the year
Eliminated in respect of disposals
4,956
3,669
{4,882)
At 30 June 2024
3,743
Carrying amount
AI 30 June 2024
9,471
At 30 June 2023
4,981
15 Debtors
2024
2023
Amounts falling due withln one year-
Trade debtors
Prepayments and accrued income
146,605
376,877
153,744
77,440
523,482
231,184
16 Creditors: amounts falling due wlthln one year
2024
2023
Notes
Other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals and deferred income
33,458
464,354
4,957
218,519
229,016
38,491
360,679
6,354
109,778
25,709
17
950,304
541,011
-20-

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
17 Deferred income
2024
2023
Other deferred income
464,354
360,679
Deferred Income is included in the financial statements as follows..
2024
2023
Deferred income is included within=
Current liabilities
464,354
360,679
Movements in the y8ar'.
Deferred income at 1 July 2023
Released from previous periods
Resources deferred in the year
360,679
{360,6791
464,354
253,660
1253,6601
360,679
Deferred Income at 30 June 2024
464,354
360,679
The deferred income relates to project funding, courses and events due to take place In future periods.
18 Retlrement beneflt schemes
Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
The charge to profil or loss in respect of defined contribution schemes was £69,258 (2023 £51,761).
21

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SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
20 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as lo how they may be used. These include
designaled funds which have been sel aside out of unreslricled funds by the truslees for specific purposes.
At 1 July 2023
Incoming
resources
Resources
expended
Transfers
At 30 June
2024
General funds
1,091.126
1,681.228
(1.719,383)
{93,325)
959,646
Previous year:
At 1 July 2022
Incoming
resources
Resources
expended
Transfers
At 30 June
2023
General funds
1,000,178
1,429,901
{1,241,765)
197,1881
1,091,126
21 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
Fund balances at 30 June 2024 are represented by..
Tangible assets
Currenl assetsl{liabililies)
9,471
950,175
9,471
1,027,295
77,120
959,646
77,120
1,036,766
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
Fund balances at 30 June 2023 are represented by:
Tangible assets
Current asselsllliabilities)
4.981
1,086,145
4,981
1,159,943
73,798
1.091,126
73,798
1,164,924
-24-

SAINTS FOUNDATION (SFC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
22 Related party transactions
Southampton Football Club is considered to be a related party due lo its influence over Ihe charity.
During the financial year, Southampton Football Club Limited committed donations of £218,529 (2023..
£31,926). Included in this amount is a lolal of £27,573 (2023.. £19,631) donated by the Club in respect of time
costs provided by the Foundation. A total of £178,662 {2023= £nill is included in prepayments & accrued
income at the year end.
A payable balance of £209,543 (2023: £99,101) has arisen from purchases from Southampton Football Club
Limited and is included within creditors falling due within one year al the year end.
Soulhamplon Football Club Limited has provided administrative and other support with an estimated value of
£125,00012023: £125,000), this has been recognised as donations and equivalent support cost. Al the year
end £nil {2023'. £nill was outstanding on the balance sheet.
During the year United Group Bulgaria EOOD, an entity under common control of the ultimate controlling party
of Southampton Football Club Limited, donated £40,00012023'. £nil) to the Foundation.
23 Analysis of changes in net funds
The charity had no material debt during the year.
24 Cash generated from operatlons
2024
2023
(Deficilllsurpus for the year
1128,1581
51,439
Adjustments for..
Investment income recognised in stalement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
{43,5611
(13,252)
17,512)
4,780
3,669
Movements in working capital:
(Increaselldecrease in debtors
Increaselldecreasel in creditors
Increase in deferred income
(292,2981
305,618
103,675
52,874
1304,49g)
107,019
Cash absorbed by operations
{51,0551
1109,151)
-25-