REGISTERED COMPANY NUMBER: 04320313 (England and Wale5) REGISTERED CHARITY NUMBER.. 1092287 Report of the Trustees and Audited Consolidated Financsal Statements for the Year Ended 31 August 2024 for Tigers Sport and Education Tru$t Haryis Lacey and Swain Chart¢r¢d Accountants and Statutory Auditors Suit¢ I The Riverside Building Hessle East Yorkshire HU13 ODZ Ti£er5 Sport and Education Trust Contents of the Financial Statements for the Year Ended 31 August 2024 Page Report of the Trustees I to 20 Report ofthe Independent Auditors 21 to 24 Consolidgted Statement of Financial Activities 25 Con5011doted Balance Sheet 26 Charlty Balanc¢ Sheet 27 Consolidated Cash Flow Staten)ent 28 Notes to the Consolidated Cash Flow Statement 29 Notes to the Financial Staternents 30 to 46 Tigers Sport and Education Trust Report of the Trustees for the year ended 31st August 2024 The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the consolidated financial statements of the charity for the period 1st September 2023 to 3 1st August 2024. This includes the directors, report as required by company law. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151. OBJECTIVES AND AcfiviTIES Objertives and Public Benefit The charity's objects are for the benefit of the public generally and in particular, the inhabitants of East Yorkshire and Humberside and its 5urroundin8 areas. The Trustees have considered the Charity Commission's guidance on public benefit and are of the opinion that it is fulfilled by the charity's continued pursUIt of the following objectives.. to promote community partitipation in healthy recreation by providing facilities for the playing of association football and other sport5 capable of improving health,. to provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic Circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; to advance the education of children and young people through such means a5 the trustees think fit in accordance with the law of charity including Ibut not restricted tol through the use of the game of football (including its history and rules) and other sports activities as educational tools and, in furtherance of such object, through the provision of facilities at the MKM Stadium lor such other facility occupied by Hull City AFC) for meetings, lectures and c1355es for the benefit of such persons; and for the general purposes of such charitable bodies or for such other exclusively charitable purposes in each case as the trustees may from time to time decide. Page I ACHIEVEMENT AND PERFORMANCE Charltable activities For more than 30 years. the Tigers Sport and Education Trust has been a recognised provider of Sport and Education across Hull and East Riding of Yorkshire. Governed by a Board of Trustees and funded by the EFL Trust and Premier League and a range of other funders and sponsors. The Trust's priority is to deliver high quality provision to the communities of Hull and East Riding of Yorkshire to support improved health and wellbeing. The Trust completed it's 3-yearly Premier League Capability Code of Practice ICCOPI audit in June 2022 which focuses on organisational governance and compliance acros5 15 areas of operation practice. Ther Premier League Charitable Fund IPLCFI review and challenge the self-assessment completed by all Club Community Organisations. Ti8ers trust was graded "Good" following review and validation of our submission. The annual review of CCOP compliance was undertake and as of July 2024, the Trust was awarded a "Very Good" grading. Strategy The Trust is in the 4 year of a 5-year strategv. Our Vislon- Inspired and integrated communities living active, healthy and happy lives. Our Mlssion: We dare to inspire, engage, and improve our communities, through sport, attive participation, and education. Providing opportunities and removing barriers, supporting and raising aspirations and helping people to lead healthy and happy lives, because we care and because we can. Our Values: Fun - We believe fun should be central to all we do. Ambitlous- We strive to be the best in everything we do. Inspiring- We seek to be positive role models in all we do. Re5pectful- We treat everyone with respect. Passionate- We care passionately about our community. Inclusive - We seek inclusivity in all we do. The Trust activitie5 work to achieve some of all of the following Strategic Objectlves.. l. InsplrTng Comrnunities- working to'inspire, and raise the aspirations of our local communities through an inclusive and quality offer of sport and education activities and provision. 2. Improving Health & Wellbelng- improving the health and well-being of our local communities through activities which promote safe, healthy and happy lifestyles. 3. Creatlng Pathways to Education & Employment Opportunlties- creating the opportunity to raise educational attainment and promote the value of lifelong learning, whilst increasing access to the 'world of work, through promoting Opportunities to interact with employers and entrepreneurs. 4. Connecting and Collaboratlng with Key Stakeholders - maxirnising impact and resources by delivering together for the benefit of the local communities. Page 2 5. Sustalnability - operate a financially sustainable and viable charity. working effectively with our Club, growing income and building strategic partner5hip5. 6. Building Capacity- of our charity through excellent governance, quality management and an effective integrated delivery structure. A Theory of Change was created to underpin the strategy and clearly show the internal and external outcomes linked to the programmes the Trust delivers and the change we aim to create within the communities of Hull and East Riding. During the 2023124 period we have continued to support the tommunity and use the power of the football clubs, badge to reach groups that many others cannot. Whilst the Trust works with all members of the community, there are specific groups that we especially seek to work with, these are: Ethnically diverse communities Young people, especially those at risk Care leavers LGBTQIA+ community Older Adults People with disabilities and health conditions Women and Girls In the last year the Trust-. Delivered 7,308 community sessions lup 383 from 221231 Reached 47,897 participants lup 2,156 from 221231 Achieved £33m in social value through community en8agement lup £1,652,998.12 on 221231 All our programmes and projects are designed to ensure the Trust meetin8 the aims and objectives laid out in the strategy. They create impact across multiple areas. Our Projects and Programmes Active Through Football Apprenticeships BSC in Football Coaching (University of South Wales) BTEC Level l in Football Coaching (Bishop Burton) Change Makers (Volunteerin Detached Youth Work Exploring Volunteering ITigers Pathway) Families Learning Together Football Centres (weekend and holiday51 Forever Tigers.. Heritage Project Holiday Activity and Food IHAFI Hull Fair Schools Inclusive Kicks (disability sports) Match Day support lexperience, match-day crew) Multiply (Adult maths skills programmel Peer Action Collective Premier League Kicks Strategic Objective (#) 1/2 316 1131416 113141516 112131516 1/2131415 1/21314 1121314 11215 112 11214 113 112 314/5 113 1/314 11213 Page 3 Primary School Prograrnmes Secondary School Programmes Senior figers Turing Waiting Well Walking Football 1121315 1121315 4/5 11315 214 1/2 Inspiring Communlties.. Working to 'inspire' and raise the aspirations of our local communities through an inclusive and quality offer of sport and education activities and provision. 840 young people with over 4,5(X) attendances at holiday football camps. 3,019 young people making 17,400 appearances at Premier League Kicks sessions. 70.1% of eligible participants report participating more often in competitive sport and physical activity. 46 Young People leading our Peer Action Research programme and taking opportunities to bring their findings and recommendations to senior leaders from key stakeholders across Hull to create positive change for all young people. 75.9% of eligible participants reporting improved personal relationships and 81.3% reporting improved positive attitudes towards Others. £16.8m 50cial value generated towards community and social outcome5. Case study: Charlie's Story Charlie is a Year 9 student at Holderness Academy. She wa5 selected to take part in the project due to the school wanting her to gain some extra accreditation for the efforts She regularly shows across school but also to support the development of wider skills such a5 resilience and teamwork. Charlie approached Sports leaders with energy and enthusiasm. She quickly showed she had many ideas for her sessions and shared them with confidence with her group. She was always happy to take a lead on delivery and showed great resilience when some other members of her group were less interested in improving and adapting to situations. This did cause Charlie some frustration though and could often leave her feeling that her thoughts weren't valued and slightly undermined the confidence she was building. However, over time and working c105elv with Charlie in support of validating ideas and giving her method5 to approach the 8roup in a constructive way, she was able t0 Stand her ground and re explained her ideas coherently which the other gir15 often responded positively to. Charlie worked well with her group to deliver to the primary children and developed her problem-solving skills effectively. Her leadership skills developed very well when encouraged to listen to her peers more and sometimes take on board their suggestions and act on these in acknowledging that her own ideas weren't necessarily always the m05t ideal for the situation. Charlie'5 involvement with the project has provided her with greater confidence and skills particularly around sports leadership which has helped her in attending after school rounders club with Tigers Trust in which Charlie took an active role in support of running as a school volunteer. Due to the impact Page 4 the engagement with Sports Leaders had for Charlie, from Easter through to May half term, school seletted her to take part in the VEX robotics competition that had been put together through clubs in the Northeast working with the Reece Foundation. This wa5 the first time that Ellis engaged with Charlie. From the outset it was clear the effect that sports leaders had on Charlie's confidence and ability to manage others in the group but also take on feedback in a constructive way even when challenging her ideas. She was able to use this in a positive way to rethink ideas and implement them in alternative ways. At the finals in Sunderland, Charlie communicated not just with her own teammates but also with wider schools through the different elements of the competition which encourage teamwork. It was great to see Charlie implement her ability to listen to others, Suggest solutions and show effective support and motivation of her teammates during the day with her team being joint winners of the team award for driving skills. Even at this point in delivery, Ellis was unaware of her prior engagement and the difficultie5 that she sometimes encountered in school 50 it was surprising when her pastoral leader commented on her wider engagement across school. Charlie's Year 9 Pastoral lead said.. -within school Charlie often hos breakdowns and is in the corridor in tears. This con be through lock of confidence or thot her peers don't sometimes listen to her. Whot she's done on the project has stood her in so much better steadfor her next steps. I'm sorry to lose her to RDUTC but I know she's better placed to go there now and do well." Even on the drive back to Hull her conversation and engagement with her peers on the bus showed an improved sense of confidence and ability to interact with others and show self-belief. Charlie is movin8 schools in September to a technology college that only intakes from Year 10 and she feels like the opportunities she has had with Tigers Trust will sUPPOrt her in this transition in making new friendships and achieving positive outcomes in Year 10 & 11. I'm lookingforword to going to RDUTC nextyeor ¢75 I think it offers me lots of opportunities. but I have really enjoyed the thing5 I've done with Sue and Elli5 Wlth the Tigers Trust. I've now done the sports leaders course and the robotics and think it's helped me be better ¢75 0 leoder ond listening to others points of view. I'd love to do something like this ogoin. Improvlng Health & Wellbeing: Improving the health and well-being of our local communities through activities which promote Safe, healthy and happy lifestyles. 58 participants with over 1890 attendances at walking football. 80% of eligible participants reported improved mental health through accessing Trust activities. 82.2% of eligible participants reported improved confidence andlor self-e5teem through accessing Trust activities. £2.7m of social value relating to physical health outcomes and £IO.Im social value relating to mental health and wellbeing outcomes. Case Study: Emlly At the Tigers Trust, we work alongside Riverside Community School to provide PE provision for the children for the academic year. Most of our provision is PE based delivery, working with different Page 5 classes, age groups and abilities. However, there has been a child in particular, Emily Atkin, in Mrs France's class IJFI who we have seen excel in our sessions as the year has gone on. When we first started working with Emily in JF class in September 2023, she was enthusiastic about sport, especially football. However, Emily was diagnosed with Batten's Disease in January 2022. and she was struggling physically. 8atten Disease is a rare neurodegenerative disorder that causes blindness, epilepsy, difficulties sleeping, decline of speech, language and swallowing, and deterioration of fine and gross motor skills. Since September, she has struggled with movement, a5 well as going from partially sighted to blind, and her speech deteriorating. We wanted to help the school staff and offer further 5UPPQrt for Emily. We work with her each week to provide extra 5UPPQrt and work with her individually to cater for her needs moving forwards. This helped Emily a5 she started to build a great relationship with us, and we gained her trust along the way. We developed our sessions by incorporating equipment that made sounds, including the use of football or ball with bells in them. This enabled Emily to develop her kicking and control with the football, as well as enhance her throwin8 and catching skills. When it came to our lunchtime football club, we used the football with the bell for our matches. This was used by everyone taking part and this gave Emily more confidence to engage with others. As a result of this, Emily has also achieved the 'Star of the Week, award several times throughout the year, clearly demonstrating the Premier League Primary Stars values of 'Being Inspiring, and always 'Being AmbitlOU5'. When Emily was asked about how She felt havin8 Tigers Trust in his lessons with her, she said.. 'Thonk you for everything the Tigers Trust hos donefor me." With Emil¢s condition deteriorating, we started to make sessions even more inclusive and give her similar challenge5 to other children within the group, with 5UPPOrt from her teaching assistant. No matter what challen8e we have given Emlly, she has always tried her best and has done this with a smile on her face. This ha5 been amazing to see, and we have been $0 impressed with her passion for Sport. Emilvs teacher, Mrs France, has been really impressed with her achievements this year, this is what she said.. Emily hos reolly enjoyed the opportunity ofioining in with the Tiger5 frust sessions with her peers this year. rhe steGdy poce of these le550n5 hos meont thot Emily has time to practice her ski115 meoning that she hos made great progression with her basic ball skills, In addition Emily also attends the weeklyfootboll club at lunchtime where her self-esteem has been boosted by the number of gools she has scored each weekl Premier League Primary Stars PE Officer Marc Daddy also commented on Emily's progress. Emily is so engaged with our programme and is such a bright, bubbly person to be around with such a great per50nolity. Since we have Started delivering the PEsession5 It wa5 cleor to see Emily h05 Such apassion for sport ond she got so involved with everything we had to offer. Emily's core ski115 have developed because of thi5. such a5 using different part5 of her body, following in5truction5 ond when it hos come to thefootboll, using herfootball skills tofurther develop. Page 6 On Saturday 27th April 2024. Emily got the amazing opportunity to be a mascot for Hull City vs Ipswich Town. After a mini tour of the MKM Stadium, Emily got to meet all of the players as well as Head Coach at the time, Liam Rosenior. All of whom were lovely and signed Emily's autograph book as well as getting photos with her. Emily also got to have a kick around on the pitch before proudly leading the team alongside Hull City Defender Jacob Greaves to a packed out MKM Stadium crowd. Jacob wore ear defenders in support of Emily to put her at ease and both teams walked out of the tunnel at Ernilvs pace. At the Tigers Trust, inclusion is at the heart of all we do; and this was a special moment for all I Emil¢s Dad, Ricky, shared this amazing experience with her daughter, and had thi5 to say.. 'Whot on unbelievable experience it wasfor Emily to be a mascotfor Hull City. Emily was made tofeel like royalty not only by all the members of the Tigers Trust but also by the players of Hull City. Emily love5football nd this experience has just reinforced why she odmires the sport so much. Emily's world isfilled with constant doily bottles and football 15 one of her hoppy ploces thot she can escape the reality of her condition ond just enjoy wotching (in her case listening) and plGying her favourite sport. The fiqer5 Trust and Hull City are nowfirm fovourites in her world of football and willforever be one of the best things to hoppen to her. Being a mascot has given not only Emily but her Dad, mum and older brother memories thot will lost a lifetime. We are so proud of Emilyl Her determination is inspiring. and it 15 an honour to work with herl Creating Pathways to Educatlon & Employment Opportunltles: Creating the opportunity to raise educational attainment and promote the value of lifelong learnin8, whilst increasing access to the 'world of work, through promoting opportunities to interact with employers and entrepreneurs. 7,738 students with over 226.7W attendances through our primary, secondary and higher education programmes. 111 people aged 16+ who were economically inactive before joining our Tigers Pathways, exploring volunteering programme. 80.5% of eligible participants feeling more inspired and engaged in educational settings. 72.1% of eligible participants making progress into employment, education or trainin8. 80.6% of eligible participants with improved attainment at school. £3.32m of social value relating to education, training, and employment throu8h Trust programme5. Case Study: George- Premier League Kicks, Tigers Pathways and Community Champions George first came to the Tigers Trust when he attended our Care to Dream sessions where George attended with his friend5 and presented as a shy but polite young man who loved to play football. ensuring he gave 100% at every session. However. George had previous experience of youth violence, involvement in criminal behaviour, the abuse of alcohol and cannabi5, and would often struggle to regulate his emotions which were displayed in outbursts of anger both in provision but also in the local community. Page 7 George was signposted by staff into the Trust'5 wellbeing programme Tigers Together, which 15 a provision to support people improve their well-being through football. George became a valued member at all sessions and wanted to progress off the field, leading him to engage in our employability pro8ramme Tigers Pathway5. Pathways is a 6-week development programme looking to support people into employment through workshops, focusing improving Cv's, cover letters and job applications. This programme also focuses on mindset to try and encourage people to make a positive change to their lives. This starts in our activities such as bouldering, footgolf and wellbeing walks where the projects encourages participants to push themselves out of their comfort zone and develop their skills. George threw himself into the sessions and quickly became engrossed in his self- development. Being on time and polite was the minimum George would give when attending the sessions, which meant he was always there ready to learn with a positive attitude, setting a good example to others on the programme. Throughout Tigers Pathway5 George worked hard on his CV and cover letter and began to apply for jobs in the local area. After some setbacks with job applications George showed great resilience. a new can-do attitude to not let these setbacks keep him down and signed himself up for another course focused on mindset and 5elf-development called Street Soccer Academy. Street Soccer Academy is a new 10-week programme at the Trust, usin8 football as a tool to inspire and develop participants both on and off the pitch. Using skills learned in our sessions people begin to believe in themselves and this is exactly what George continued to do. He completed the 10 weeks covering topics such as Mindfulness, Mental health. posltive mindset, goal settin& resilience and more. George realised he couldn't chan8e the past and his previous experiences, but he could use these in a positive way by supporting others and signed up for The FA'S Introduction to Coaching Football. As well as studyin8 the course which included Safe8uarding and Emergency First Aid, George began his journey the Tigers Trust as a 'Community Champion, 5UPPOrting the developments in the Tigers Trust car park weeding and planting flowers to make the area a more welcoming place to visit. After a year of working hard on himself George finally felt in a position to apply for a job working as casual member of staff delivering within the Social Inclusion Strand of Tigers Trust delivery and was successful at interview stage. George will use his experience and relatability to become an asset to the Social Inclusion team. Further to this, George supported staff on the next cohort of Street Soccer Academy, a pro8ramme he benefitted from previously sharing his previous experiences of the programmes he had engaged with at Tigers Trust but also how individua15 are able to make positive hanges to their lives. He was a credible case study and inspired others to make positive changes throughout. George captained the side at a tournament held at Leicester City training ground where he led by example showing his leadership skills and supportin8 Wlth participants confidence. George had started attending the Stay Onside sessions from day one and through his previous experiences and the commitment he has shown on other programme5 was given a Community Champion role within session5. This would involve him supporting staff on sessions with thin8s such as organising teams, checking in with participant5 and also helping to defuse heated situations by speaking to participants Page 8 about his previous self-recognised issues with his anger and how this had led him down a path of criminal attivity. Connerting and Collaboratlng with Key Stakeholders Maximising impact and resources by delivering together for the benefit of the local communities. Working with 193 partners across the 12-month period.. 74 education partners 46 community voluntary sector partners 16 health, including public health 13 criminal justice sector partners This year ha5 seen increased collaboration with a range of or8anisations from across the voluntary and community sector and public sector, which has mobilised new work to 5UPPOrt the more vulnerable in our communities, such as Exploring Volunteerin8 and Families Learning Together. These programmes have enabled the Trust to work in partnership with a new funding partner, Humber Learning Consortium to deliver programmes in collaboration with Hull KR Foundation and Hull FC Foundation to increase opportunities into employment and education and also improve physical activity levels and opportunitie5 for families and those who face additional barriers. Additionally, the Trust have piloted a new project to increase confidence and skills in using Maths in everyday situations, delivering the 'Multiply' programme to adults in Hull. The Trust has strengthened its position as a key provider of services and activities to support improved health and well-being in order to create active, healthy and happy communities who are engaged in learning, training and employment; aligned with the Trust's Vi5i0n, Mission and strate8ic objectives. The CEO has Continued to strengthen link5 With strategic partners, collaborators, funders and potential funders, during the period and is a member of numerous networks, Boards and forums EG. EFL Trust Advisory Group. HEY LEP Board as VCS representative and Shared Prosperity Fund Partnership Board. The Active Through Football Consortium illustrates the ability of the Trust to work collaboratively and take a lead in its area of expertise for the greater good of our local communities. The CEO and Executive Team recognise thi5 collaborative model of working is becoming increasingly relevant and important to secure sustainable future activities and diversify income streams to mitigate risk in the challen8in8 funding landscape. Sustainability Operate a financially sustainable and viable charity, working effectively with our Club, growing income and building strategic partnerships. Generated £1.792m of income and funding for community investment lan increase of £360,633 on the previous yearl. £179K of investment from local government and £96K from central government contracts. Page 9 £243K of income from educational establishments buying into our primary and secondary school offers. Our success delivering BSC in Football Coaching, has led to a new partnership which will start in 24125 with local college 8ishop Burton to offer the BTEC Level l. Running this course is required to evidence our ability to deliver BTEC courses and, if executed well, will open up future opportunities to establish a Level 2 and Level 3 BTEC offer in partnership with League Football Education in 25126. During early 2023 the Trust undertook a Strategic Review to help shape future direction. Key recommendations from this review were focused on the following 5 headline areas for thÈ Trust to work on to support continual improvement: l. Succession Planning and Leadership 2. Harne5S the potential of the Club/CCO relationship 3. Board and Governance 4. Staff Retention and Associated Challenges 5. Funding and Income Generation Operationally, the key priorities for the organisation have been to continue to deliver services to those in need across our communities, maximising impact and reach to improve the lives of those we 5UPPOrt. The challenges relating to the Arena have continued. As reported in 2022. the Club ownership changed and the direct financial support which had been agreed to help through the pandemic period for the Arena ceased. However, the new ownership continues to be supportive of the Trust and is providing financial support in ￿latiOn to the increased energy costs of the Arena and continue to provide free tickets for our participant5 for designated games, and other 'in kind, support including use of one of the tables in hospitality for each home game, which the Trust uses to engage with a variety of partners and participants. In addition to the Club representative joinin8 the Board of Trustees, the Trust continue to value close working relationships Wlth the Club and opportunities to work together. Durin8 2023, the Club and Academy have now joined the Trust Led EDI Steering Group, ensuring a club wide approach to all matters relating to equality, diversity and inclusion. The Trust continue5 to turn business away as it is unable to offer safe and quality outside pitches. The CEO continues to be involved in the discussions relating to the potentia5 development of the wider site, including the M KM Stadium and we remain hopeful that 2024 will bring clarity on proposals for this development. In the meantime, the Arena has increased footfall through expanding the 'part offer, delivering the Trust Football Centres and Saturday morning offer, holiday activity and linking with schools and various tournaments- the Hull City Academy continue to Use the Arena as part of their operational space. The plans to secure Football Foundation Grants to improve the Arena facilities and make them more commercially viable have continued to be disrupted beyond the pandemic, with the change of ownership and new plans at the Club. The CEO continues to engage and work with key partners to develop these opportunities and is now part of the wider discussions with the Club in relation to their updated development plans for the MKM Stadium and West Park footprint. Page 10 Building Capaclty- of our charity through excellent governance, quality management and an effective integrated delivery structure. Increase in Trust staff with 35 full-time, one part time and 26 casual hourly paid staff. The Trust engaged and utilised 64 regular and occasional volunteers during 23124, with 54 of these being previous or current participants in community projects and other activities. 8 members of staff undertaking apprenticeship qualifications in 23124. Including providing our first non-football coaching apprenticeship, in marketing and communication. Staffing the Arena remain5 a challenge, with one of the Arena Dvty Managers leaving the organisation during thi5 period. However, the flexibility of senior leaders has seen all of them stepping up to enable the continual safe running of the facility. This is something which although appropriate for this moment in time, needs to be reviewed moving forwards. Key senior roles includin8 the programmes manager and marketing manager have left the organisation and the decision has been made to leave these vacant whilst a new CEO is recruited. To align with the wider CCO network. the CEO role will become a Oirector of Community. The Director of Community recruitment process will take longer than anticipated, due to the first round of recruitment not identifying a candidate to match the requirements of the Trust. Therefore, to ensure stability for the organisation durin8 a period of significant change. the decision has been made to establish the Senior Leadership Team ahead of the new CEO starting. Internal recruitment opened at the end of the 23124 financial year for three roles across Education, Business and Community En8a8ement. In conclusion. the achievements of the Trust during the last 12-months across all Six of the strategic objective areas all work together to positively move the Trust to achieving its charitable mission. It remains vitally important that alongside returning detailed and timely reports to our partners and funders that we tell the story of the Tigers Trust's work across Hull and East Riding. This is done through case studie5 and new stories shared through our social media platforms includin8 Linkedln. These are often amplified by Hull City football club. the English Football Lea8ue in the Community and Premier League Charitable Fund. Page 11 FINANCIAL REVIEW Financial position The Trust is currently working to ensure it has the necessary reserves in place to fulfil the commitments of the reserves policy. Two significant donations of £IOO,000 each have been set against identified programmes and unrestricted reserves to bring us closer to covering 6-months work of operating costs. We saw some unexpected, restricted income including £20K from Kellogg's, as part of a national partnership brokered by the English Football League in the Community. £55K from the Premier League Fans Fvnd to establish Forever Tigers, a heritage project that is also making aesthetic improvements to the Arena. £157K from Hull City Council'5 UK Shared Prosperity Fund which established the Exploring Volunteering and Families Together projects. If successful, these could lead to contract extensions. Additionally the paid for football provision on evenin8s, weekends and school holidays has seen an increased profit od unrestricted funds. The Arena increased it5 Pltch hire during 23124 compared to previous years. The group generated restricted income of £1,152,02412023 £944,472), which is detailed in notes 2, 3 and 4 to the accounts. The costs of activities for generating funds were £1,030,10212023 £860,252). The restricted grants and their associated expenses are shown as restricted funds in the statement of financial activities. The group 8enerated unrestricted income of £697,47912023 £504,564), which is detailed in notes 2, 3 and 4 to the accounts. The costs of activities for generating funds were £597.20912023 £532,062). The net movement in funds for the period amounted to a surplus of £222,19212023 £56.722 surplus). The group held fund balances at 31st August 2024 of £162,35112023 £112,8801 of surplus restricted fund5 and £616,71312023 £444,012) of unrestricted funds. As reported in 2023, the loss of the EFL Trust NCS contract meant a large source of unrestricted funds were lost. The Trust continues to align closely with the Club, funder5 and stakeholders to effectively manage moving forward. Importantly the work of the Trust to seek and secure future income from strategic relationships has started to impact, such as Forever Tigers, Turing, Peer Action Collective. Multiply, Families Learning Together and Exploring Volunteering. The Trust continued to review resources throughout the period, reviewing and consolidating staffin8 and resource5 appropriately throughout. Page 12 Reserves policy The trustees review the reserve levels of the charitable group and company annually. This review encompasses the nature of income and expenditure streams, the need to match income with commitments and the nature of reserves. The activities that the charitable group undertakes on a dav- to-day basis are funded from both its restricted re5eNes that were provided for specific purposes and its unrestricted reserves for all other activities, The Trustee Board have assessed the financial obllgations of the charity and have determined that the level of unrestricted and non-designated reserves required by the charity equates to Six months, expenditure. These reserves should not be held in fixed assets. During the year to 31 August 2024, six months expenditure equated to £651,042. This amount is inclusive of the following: The operational running costs of the foundation inclusive of facility hire and delivery costs Remuneration of Foundation Staff. The trustees need to ensure that the charitable group has sufficient working capital to cover delays between receipt of grants and spending. At 31st August 2024 the group had a surplus in unrestricted funds of £616,73312023 £444,012) of which £43,25212023'. £52,844) is tied up in tangible fixed assets. The group also has a surplus in restricted funds of E162,35112023: £122,880). Total reserves less tangible fixed assets at the period end totalled £735,832. Taking into account the nature of the group's income streams the trustee5 are of the view that reserves at these levels are sufficient to cover its working capital needs. Moving forward the Trust ha5 prioritised the strategy to increase of unrestricted re5erve5 throu8h non-programme funded income, 5u¢h as building the educational activities, football centres and private bookings. After making appropriate enquiries, the Board of Trustees has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. For thi5 reason, it continues to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Statement of Accounting Policies. Page 13 Future Plans Area Short Term {12 months) Grow unrestricted reserves Long Term11-5 years) Diversify income streams, with a focus on maximisin8 existing assets Improve internal processes the underpin income generation Financial Develop a commercial and corporate offer Strategi Review impact of the 2022-2025 5trate8y and begin developing the new strategy Review the Trust operations and structure to ensure we remain relevant and enable business growth Appraise facility development options to set a future course Undertake a stakeholder mapping exercise to identify key partners to build relationships with Recruit a new CEO Recruit the Senior Leadership Team Maintsin compliance with the CCOP Provide training and support to staff entering new roles Succession plan for the Finance Manager role Improve ways of working to Streamline HR, IT and Reporting Grow the education offer particularly for Post 16 and alternative provision Improve the Monitoring and Evaluation practices Connect to the Sport England Place- Based investment opportunity Maintain our current programme levels where possible Isomewhat dictated by funding availability) Publish and deliver a new Tiger5 Trust strategy. Develop a communication strategy particularly with a B.'B focus Apply a targeted approach to stakeholder management Develop and action a fundraising strategy Develop and begin delivery of a fully costed facility development and improvement plan Enhance the business directorate with increased marketin8 and fundraising capacity Begin the agreed succession plan for the Finance Manager Operatlonal Programmes Strengthen and grow ourcommunity engagement work particularly our areas of expertise (Youth Work and Employability) Based on the new 5trate8y develop pilot programmes in new areas of busine55 Page 14 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Tigers Sport and Education Trust, company number 04320313. is constituted under its Memorandum and Articles of Association dated 9 November 2GtIl and is a registered charity, number 1092287. The principal address of the charity is the same as its registered office. The charitable company is limited by guarantee. Each member of the charitable company undertakes to contribute to the assets of the charitable company in the event of it being wound up while they are a member, such amount as may be required, not exceeding £10, for the debts and liabilities contracted before they ceased to be a member. The current number of members is four. When required, current trustees appoint new trustees by majority vote. New trustees are required when one of two things occurs.. l. An existing trustee has reached the limit on their concurrent terms With the Trust and the Board will drop below minimums as outlined in the Capability Code of Practice ICCOP} the Premier League and English Football League governing document for officially recognised football club affiliated football charitable companies. 2. A ski115 gap is identified. sn addition to skills105t when trustees step down, this may occur as part of assessing skills held to strategic direction of the charity. Recrultrnent of new trustees 15 done through a formal recruitment process that adheres to our recruitment policy. The key steps in the recruitment process are.. Identification of the vacancy Preparation of a job description and person specification Advertisement of the vacancy (internally andlor externally) Invitation of applications and the dealing with speculative applications Shortlistin8 and interview Makin8 of an offer of employment land, where necessary, withdrawing the offer) New trustees are required to complete a DBS check and are briefed of their duties and responsibilities as a trustee of the charity. This will take place with the Chair and the CEO and tasks through the current and future plans of the charity. organisational structure. and executive group5. Outlining responsibilities and terms of reference to ensure the trustee is informed before joining any sub- committees or Exco groups. The governance and working group structure is laid-out on the next page. The Board of Trustees meets quarterly to discuss the perforrnance of the charity. Working groups meet at least twice a year as outlined in the terms of reference for that group. The day-to-day management of the company was delegated to Catherine Bishop, Chief Executive Officer. A fortnightly Senior Management Team ISMTI meetin8 brings tO8ether programme and project leads to discuss operational business. Page 15 Relationships between charity and related parties The charitable company operates by receiving its main funding from the Premier League Charitable Fund and English Football League Charitable Trust. In 2016. the charitable company set up a wholly owned trading subsidiary, The Tigers Trust Arena Limited. The purpose of the subsidiary is to undertake the management of the Arena. Details of the financial performance of the 5ub5idiary are included in the notes to the financial statements. Tigers Sport and Education Trust is the affiliated charity to Hull City as identified by the football club, Premier League Charitable Fund and English Football League Charitable Trust. Although the Trust is governed and financially independent of Hull City, the club supports the foundation in many ways, as outlined in the Service level agreement between the two entities, this include5 match tickets, discounted season tickets and merchandise for staff and acce$5 to players to support events and programmes. The trust provide staff and facility space to the club as part of match day5. this includes co-ordinatin8 match ball asS15tants, safeguarding expertise and co-ordinating volunteers. The Truste leases the Arena from Hull City, with Superstadium Management Company ISMCI a5 the facilities manager for the stadium able to provide low level facility management support to the Trust e.8. replacin8 lighting, or repairing broken toilets. Key management remuneratlon The trustees consider the board of trustees and the Chief Executive Officer as comprising the key management personnel of the charity. No trustee was remunerated during the year and details of trustee expenses and related party transactions are disclosed in the notes to the accounts. The pay of the Chief Executive Officer is reviewed annually and is bench-marked with charitie5 of a similar size and attivity. Rlsk management The Board of Trustees acknowledges its responsibility to identify, assess and manage risks, in particular those relating to operations, safeguarding, and f inances. The trustees examine the major risks that the charity faces each year and have developed svstems to monitor and control these risks to mitigate any impact that they may have on the charity in the future. The Risk Register has been regularly updated over this period and is taken to the Board twice a year for discussion and review. Flnancial controls The Board retains oversi8ht of the financial performance of the charity through quarterly board meetin8S and the financial sub-committee. Monitoring is designed to provide assurances against material loss and this includes setting approving the annual budget. regular review of financial performance throughout the year. and identification and management of risk. Safeguarding The main non-financial risk to the charity arises from working Wlth young people and vulnerable adults. In line with recent legal changes and updated CCOP Icapability Code of Practice) process, the Trust has undertaken a comprehensive review of Safeguarding Policy and Procedure5 to ensure they support safe practice to mitigate this risk, which has also involved a closer alignment to the Safeguarding lead at Hull City Tigers. They continue to liaise closely with the Tigers Trust 'safeguarding lead,. Page 17 Operatlons The main operational risks are attached to the Arena. The building is over 20 years old and faces continued challenges to remain compliant with health and safety regulations. In the past the football club have stepped in to Share the costs for structural maintenance, however this is not a contractual commitment. The Trustees will need to establish a viable plan for future repairs and maintenance. At the end of the 2023124 financial year the main risks identified by the Trust are.. The pending vacant CEO role and transition to a new Director of Community. Other business critical roles currently vacant including Marketing Manager, or requiring succession planning (Finance Manager). Continuing inflationary pressures on costs particularly to running facility including utility bills, but also on transport cost5. Shrinking fundraising landscape making it harder to source new funds. We will need to seek new fundraising approaches and maximise the trusts assets more effectively. Page 18 Reference and Administrative Details Reglstered Company Number 04320313 (England and Wales) Reglstered Charity Number 1092287 Registered Office Tigers Trust Arena Walton Street Hull East Yorkshire HU3 6GA Trustees Mr S M Royce- Chairman, Board of Trustees Mr N J Rennardson- Vice Chair, Board of Trustees Mrs D Hayden- Solicitor Mr S T Logan- Director Mrc M O'Neill- Director Mr J Clutterbrook- Director Miss V Stabler- Director Company Secretary Taylored Business Secretaries Limited Audltors Harris Lacey and Swain Chartered Accountants and Statutory Auditors Suite I The Riverside Building He551e East Yorkshire HU13 ODZ 8ankeTS Lloyds Bank PLC Silver Street Hull HUI IHX Page 19 STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also directors of Tigers Sport and Education Trust for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires trustees to prepare financial statements of each finantial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charity SORP,. Make judgements and estimates that are reasonable and prudent- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Att 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking responsible steps forthe prevention and detection of fraud and other irregularities. In so far as the trustees are aware- There is no relevant audit information of which the charitable company's auditors are unaware,. and The trustees have taken all steps that they thought ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Auditors The auditors, Harris Lacy and Swain, will be proposed for re-appointment at the forthcoming Annual General m.eeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Att 2C4J6 relating to small companies. Report of the trustees, incorporating a strategic report, approved by order of the board of trustee5. as the company directors on ..IllosIIL%.i.. and signed on its behalf by: SMRoyc Chairman Trustee) Page 20 Report of the Independent Auditors to the Members of Tigers Sport and Education Trust OpinioD We have audited the financial statements of Tigers Sport and Edu¢ation Trust (the 'charitable company,) for th¢ year ended 31 Augusr 2024 which Comprise the Statement of Financial Activities, the Balance Shee( the Cash Flow Statement and notes to the f]naneial statements, including a summary of significant a¢counting policies. The fmancial reporting framework that has beell applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdotn Generally Accepted Accounting Practice). In our opinion the fmancial slatemenls: give a true and fair view of the stale of the Charitable company's affairs as at 31 August 2024 and of its ￿coming resources and application of resources, including its income and ¢xp¢nditure, for the year then end¢d,' have been properly prepared in accordance with United Kingdotn Generally Accepted Ac¢ounting Practice., and have been prepared in accordance with the requirements of the Companies Aet 2006. Basis for opillion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our re5ponsibililies under those standards are further described in th¢ Auditors, responsibilities for th¢ audit of th¢ financial statements section of our report. We are independent of the charitable company in accordance with the ethical r¢quirements that are relevant to our audit of the financial statements in the UK, including th¢ FRC'S Ethical Standard, and we have ￿lfilLed our other ethical responsibilities in accordance with these requirements. W¢ believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Con¢lu5ions relAting to going concern In auditing the financial statements, we have concluded that the trusl¢e5' use of the going concern ba515 of accounting in th¢ preparation of the f￿anCIal statements is appropriate. Based on ¢he work we have perfonn¢(L we have not identified any material uncertainlies relating to events or conditions thaL individually or ¢ollectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the fmancial statements are authorised for issue. Our responsibilities and th¢ responsibilities of the tNslees with respect to going concern are described in the relevant 5e¢tions of this report. Other information The trustees are responsible for the other infornialion. The other infonnalion comprises the information included in the Annual Report, other than the f￿anCIal statements and our Report of the Independent Auditors thereon. Our opinion on the financial slatem¢nts does noi cover the other information and, excepi lo Ihc ¢xt¢nl otherwise explicitly slated in our report. we do not express any forn] of assurance conclusion thereoD. In connection with our audit of the f￿anCIal stat¢m¢nts. our responsibiliry is to read the other infornialion and, in doing so, consider whether the other information is materially inconsistent with the f]nancial sla(emenls or our knowl¢d8¢ obtained in the audit or otherwise appears to be materially mis5tst¢d. If we identify such material inconsistencies or apparent material misstatements, we are requkred to deierniine whether this gives rise lo a mal¢rial tni55tatement in the financial statements themselves. If, based on the work we have perfonned, we conclude that there is a material misstatement of this oth¢r inforniation, we are required to report thai fact. We have nothing to report in this regard. Opinions on other mgtters prescrlbed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of th¢ audit.. the inforniation given in the Report of the Trustees for the [￿ancIal year for which th¢ fmancial Statements are prepared is cousistent with th¢ financial statements,. and the Report of the Trustees ha5 been prepared in a¢¢ordance with applicable legal requirements. Page21 Report of the Independent Auditors to the Members of Tigers Sport and Education Trust Matters on which we are required to report by exteption In the light of the knowledge and understanding of the charitable company and its environment obtsin¢d in the course of the audit. we have not identified material misstatements in the Report of the Tr￿stee5. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate aceounting 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 agreernent with the accounting record5 and returns- or certain disclosures of truste¢s' remuneration specified by law are not made. or we have not received all the infonnation and explanations w¢ rcquire for oor audit. Responsibilities of trustees As explained more ￿llY in the Statement of Tn￿le¢s, Responsibilities, the trustees (who ar¢ also the directors ol the charitable Company for the purposes of ¢ompany law) are responsible for the preparation of the f￿ancial statements and for being satisfied that they give a tru¢ and fair view, and for such internal control as the trnslees d¢t¢nnin¢ 15 necessary to enable the prep￿&(10n of f￿ancial statements that are free from material misstatement, whether due to fraud or error. In preparing the f￿anCIal statements, the t]vstees ar¢ responsible for assessing the charitable company's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going ¢onc¢rn basis of accounting unless the tNstees ¢ither intend to liquidate the charitsble company or co Cease operations, or have no realistic alternative but to do so. Page 22 Report of the Independent Auditors to the Members of Tigers Sport and Education Trust Our responsibilities for the 8udit of the financial stxtements Our objectives are lo obtain reasonable assurance about whether the F￿ancial statements as a whole are free Irom material misstatement, whether due to fraud or e￿Or, and to issu¢ a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is noi 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 ¢tTor and are Considered material if, individually or in the aggregaie, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slat¢ments. The extent to which our procedures are ¢apabl¢ of detecting I￿egular1tie5. including fraud is detailed below., W¢ identify and ass¢ss the risks of tnaterial tllisstatement of tlL¢ financial statements, whether due to fraud or error, and then design and perfonn audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. Identifying and assessing potential risks related lo I￿egularltieS In identifying and assessing risks of material misstaiement in respect of itTegularities. including fraud and non- compliance with laws and regulations, we considered the following.. Audit response to risks identified the nature of the industry and sector, Control enviro1￿ent and business perfornianc¢ including key drivers for directors, r¢munerdtion, bonus levels and perforniance targets results of our enquiries of managetnent and their own identification and ass¢ssment of the risks of itT¢gularities,' any matter5 we identified having obtained and reviewed the companies, documentation of their policies and procedures relating to.. identifying, evaluating and complying with laws and regulations and whether they were &ware of any ll)stances of noncompliance., detecting and responding lo the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigat¢ risks of fraud or llon-complian¢¢ with laws and regulations. the matters discussed among the audit engagement team including regarding how and where fraud might oc¢ur in the financial statements and any potential indicators of fraud. As a result of these procedures, w¢ wnsidered the oPpo￿nItieS and in¢entives that may cxist within the organisation for fraud and identified the greatest potential for fraud in relation tti revenue deferrals. In common with all audits under ISAS (UK), we are also required to perfortn specific pro¢¢dures to respond to the risk of manauement override. We also obtsin¢d an understanding of th¢ legal and regulatory framewoE*s that the company operates ij), focusing on provisions of those laws and regulations that had a direct ¢ff¢ct on the deterniination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corpora¢¢ Governance Code and lo¢al tax legislation. In addition, we Considered provisions of other laws and regulations that do not have a direct effect on the fjnancial Statements bul compliance with which may be fundamental to the company'5 ability to operate or lo avoid a material penalty. Audit response to risks identified Our procedures lo respond to risks identified included the following.. reviewing the financial stat¢mellt disclosures and testing to supporting documentation to assess complian¢e with provisions of relevant laws and regulations described having a direct ¢ffe¢t on the fLnancial statements,. enquiring of rnanagement concerning actual and potential litigation and claims,. perforn]ing analytieal procedures to identify any unusual or unexpected relationships that may indicate risks of material tnisstatement due to fraud- readin8 minutes of meetings of those charged with governanee obtained an understanding of provisions and held discussions with managerncnt to understand the basis of recognition or nork-recognilion of lax provisions; and Page 23 Report ofthe Independent Auditors to the Members of Tigers Sport and Education Trust in addressing the risk of fraud rhrough managetnent override of controls, testing the appropriateness of joumal entries and other adjustments. assessing whether Ihe judgements made in making accounting estitnales are indicative of a potential bias. and evaluating the business rationale of any significant transaclions that are unusual or outside the nonnal course of business. We also communicated relevanl identified laws and regulations and potential fraud risks to all engagement team members, and remained al¢rt to any irLdications of fraud or noncompliance with laws and regulations throughout the audit. A further d¢scription of our resportsibilities for the audit of the financial statements is located on the Financial Reporting Council's website ac www.frc.org.uklauditor5r¢sponsibililies. This description fornis part of our Report of the Independent Auditors. Use ofour report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable ¢ompany's members those matters we are required lo slate to them in an auditors, report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume r¢5ponsibility to anyone other than the charitable company and the ¢haritsble company's members as a body, for our audit worL for this report. or for th¢ optnions we have fomed. Richard D Lacey (Senior Statutory Auditor) for and on behalf of Harris Lacey and Swain Chartered Accountants and Statutory Auditors Suite I The Riverside Building He55le East Yorkshi HU13 ODZ Date.. 71151¥ Pag¢ 24 Tigers Sport and Education Trust Consolidated St*tement of Financial Activities ror the Year Ended 31 August 2024 2024 Total funds 2023 Total funds Unrestricted nds Restriclcd funds Notes INCOME AND ENDOWMENTS FROM Donaiions and legaeies 121,265 l21,265 18,153 Charitable activities Health and Wellbeing Education and Employment Community and Inclusion Core and Other 6,290 17,500 177,090 143,203 65.459 663,098 421,797 71,749 680.598 598,887 143,203 77,072 593,691 451,640 107,131 Investment in¢om¢ Other income Incom¢ from commercial operations 4,692 17,445 134 369 4,692 19,115 34.369 1,356 21,911 178 082 1.670 Total 621854 1 152.024 1773 878 1449 036 EXPENDITURE ON Charitable activities Health and W¢llbeing Education and Employment Community and Inclusion Core and Other Expendiwre from ¢ommereial operations 22.096 24,543 146,924 156,655 171366 47.094 591,922 391,086 69,190 616,465 538,010 156,655 171,366 57,687 536,576 425,640 203,543 168 868 Total 521584 1030 102 1551686 1392314 NET INCOME Transfers between funds 100,270 121,922 222,192 56,722 16 Net movement in funds 172,721 49,471 222,192 56,722 RECONCILIATION OF FUNDS Total funds brought fon¥ard 444,012 112,880 556.892 500,170 TOTAL FUNDS CARRIED FORWARD 616733 162J51 779 084 556,892 The notes forni part of these financial slatemcnts Page 25 Tigers Sport Ind Education Trust (Registered number.. 04320313) Con501idated Balance Sheet 31 August 2024 2024 2023 Notes FtXED ASSETS Tangible assets Inyesttnents 12 13 43,252 52,844 43,252 52,844 CURRENT ASSETS Debtors Cash at bank and in hand 14 110,678 927 275 51,109 746 222 1,037,953 797,331 CREDITORS Amounts falling due within one year 15 (302,121) (293,283) NET CURRENT ASSETS 735,832 504,048 TOT AL ASSETS LESS CURRENT LIABILITIES 779,084 556.892 CREDITORS Amounts falling due after more than one year NET ASsETs/(LIABIL￿IES} 556 892 FUNDS Unrestricted funds Restricted fvnds 16 616,733 162 351 444.012 112880 TOTAL FUNDS 556 892 These financial statements have been prepared in a¢wrdance with the special provislon of Part 15 of the Cornpanie5 Act 2006 relating to small charitable compani¢s. The financial stat¢ments w¢re approved by the Board of TNst¢¢s and authorised for issue on and were signed on its behalf by.. ..23J.o..5..ILOIj............... Mrsm stce The notes lonn part of these fllwicial statements Page 26 Tigers Sport and Education Trust (Registered number: 04320J13) Charity Balance She¢t 31 August 2024 2024 Total funds 2023 Total fijnds Unreslri¢t¢d funds Restricted funds Not¢s FIXED ASSETS Tangible asse(s Investments 12 13 24,933 100 24,933 100 31,733 100 25.033 25,033 31,833 CURRENT ASSETS Debtors Cash at bank and in hand 14 224,246 632 560 224,246 794 918 136,373 636 022 162 358 856,806 162.358 1,019.164 772,395 CREDITORS Amounts falling due within one year 15 (268,678) (268,678) (254.093) NET CURRENT ASSETS 588.128 162,358 750.486 518 302 TOTAL ASSETS LESS CURRENT LIABILITIES 613.161 162,358 775,519 550,135 NET ASSETS 613.161 162 358 775 519 550,135 FUNDS Unreslricl¢d funds Restricted funds 16 613,161 162 358 437,248 112887 TOT AL FUNDS 775 519 550.135 The firyan¢i statements were approved by the Board of Trustees and authorised for issue on ..Isio.i.12.okn.............. and were signed on its behalf by.. nL5tee The notes forn] part of thes¢ financial statements Page 27 Tigers Sport And Education Trust Consolidated Cash Flow Ststement for the Year Ended 31 August 2024 2024 2023 Notes Cash flows from operating ¥4etivities Cash generated from operations 176361 [50,714 Net cash provided by operating activities 176,361 150.714 Cash flows frotn investing activities Purchase of tangible fixed assets Interest rec¢ived (34,592) ,356 Nel cash provided byl(used in) investing activitLes 33 236) Change in cash and cash tqlllvilents in the reporting period C8$h And cash equivalents at the beginning of the reporting period 181,053 117.478 746 222 628 744 C95h elsh equivalents at the end of the reporting period 927 275 The notes form part of these financial statements Page 28 Tigers Sport and Education Trust Notes to the Consolidated Cash Flow Statement ror the Yegr EDded 31 August 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTtvtTIES 2024 2023 Net income for the reporting period (as per the Statement of Finan¢i81 Activities) Adjustments for: Depreciation charges Interest received Intercompany transaction5 {Increase)/decre2se in d¢btors Increas¢l(d¢cr¢ase) in ¢r¢ditors 222.192 56,722 9,592 (4,692) 5,090 (1,356) (59,569) 113.591 Net eash provided by operation5 176 361 150 714 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.23 Cash flow At 31.8.24 Net C45h Cash at bank and in hand 746 222 181053 927 275 746,222 181053 927 275 TotAI 746 222 181053 927 275 The notes forni part of these f]nanctal statements Page 29 Tigers Sport and Education Trust Notes to the Financial SLgtement5 for the Year Ended 31 August 2024 ACCOUNTING POLICIES Basis of preparing the finaneAAI statements The financial starements of the ¢hariiable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'A¢¢ounting and Reporting by Charities.. Ststement of Recommended Pra¢lic¢ applicable to charitie5 preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (¢ffective l January 2019),, Financial Reporting Standard 102 'TFLe Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The fman¢ial statements hav¢ been prepared under the hislori¢al ¢osl convention, with the exception of investtllenls which are included at market value. The signifleant accounting policies applied in the prepardtion of these ffftancial statements ar¢ set out below. These policies have been consistently applied to all periods preserLted unless otherwis¢ 5tat¢d. The charitable company adopted FRS 102 in th¢ cu￿ent year and an explanation of how transition to FRS 102 has affected the reported financial position and perforn]ance is given in th¢ notes. Monetary amouThts in these financial statements are rounded to the nearest whole £1. The fmancial 5tat¢ments ar¢ presented in sterling which is also the fiinctional currency of the company. Going con¢ern Th¢ trustees assess whether the use of the going concern concept is appropriate i.e. whether there are any material uncertainties related to events or ¢onditions that may cast significant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. The trustees have a reasonable expectation that the charity has adequate resourc¢s to continue in operational existence for th¢ foreseeable future and consequently th¢y continue to adopt the going concern basis in preparing the ar￿U31 fmarLcial statements. Crltic&l #ceountlng judgements and key Sources of estimation uncertainty Estimares and jud8¢ments are continually evaluated and ar¢ based on historical experience and other factors, including expectations of future evenrs that are b¢li¢ved to be reasonable under the circumstances. Although these estimates are based on th¢ Trustees, best knowledge of the amount, events or actions, actual results ultimately differ from these ¢stimat¢s. The Trustees do not consider there to b¢ any material estimates and judgements. Income Income received for services provided is a¢counted for on an accruals basis. Cash donations. gifts and le8acie5 are included in full in the income and expenditure account as they are r¢c¢ived. Any significant non-cash donation5 are included in the income and expenditure account al the trustees, estimate of their market value wh¢n received. The value of voluntary h¢lp is not included in the accounts. Grants and other funding of a revetLue nature ar¢ defe￿ed and released to the in¢ome and expenditure account over the period to which they relate. Bank interest is included in the income and expenditure ac¢ourAt on an accruals basis. Expenditure Expenditure is recO￿lsed on an accruals basi5 as a liability is iTLcurred. Charitable activities expenditure comprises those costs incurred in the delivery of the company's activities. It includes both costs that can be attached directly to such activities and Ih05e costs of an indirect nature necessary to support them. Indirect support costs are apportioned on a conslstent basis. Page 30 CODtinued... Tigers Sport and Education Trust Notes to the Financial StAtements- continued for the Year Ended 31 August 2024 ACCOUNTING POLICIES - continued Allocation and apportionment of costs Support costs have been allocated b¢lw¢en management and staff, f￿anCe, human resources, propKty rent and repairs. other office costs and governan¢¢ costs. Govemance costs comprise all costs involving the public accountability of the charity and its ¢omplianc¢ with regularion and good practice. These Costs include COSIS related to statutory audit and legal fees together with an apportionment of overhead and support costs. Support costs have been apportioned based on individual grants awarded compared lo overall grants awarded. The allocation of support costs is analysed sn the notes to th¢ financial statements. Tttngible fixed assets Depreciation is provided at th¢ following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Motor vehicles 20/0 - 500/0 straight line 250/0 on ¢05t Expenditure of a capitsl nature is capilalised when the exp¢nd¢d amount per item is over £200. Taxlltion The company is a U.K. r¢gistered eharity and is considered to pass the tests set out in Paragraph I, Sehedule 6 Finance Act 2010. Accordingly the ¢harity is potentially exempt from taxation in respect of in¢ome or ¢apilal gains received within categories ¢ov¢red by Chapter 3, Part Il of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent Ihat such income and gains are applied exclusively lo charitable purposes charity. Fund accountlng Unrestricted fvnds can be used in accordance with the charitable obj¢¢tives at the discretion of the trustees. Restri¢t¢d funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by th¢ donor or when funds are raised for parti¢ular r¢stii¢t¢d PUTPOS¢S. PensloD costs and other post-retirement benefits The charitable ¢ompany operates a defined contribution pension scheme. Contributions payable to the charitabl¢ company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Financial instruments The Gharity only has financial assets and financial liabilities of a kitLd that qualify as basic financial instruments. Basic fman¢ial instruments, including trade and other debtors and creditors are initially recognised al transaction Yalue and subsequently measured at their settlemenl value. Debtors Jnd credltors receivablelpayable within one year Debtors and creditors with no slated interest rate and receivable or payable within one year are recorded ai transaction price. Any losses arising from impairnient are recognised in the Statement of Financial Activities. Fixed asset IDvestments Fixed asset investy]ents within the Charity arc valued at par. Page31 Continued... Tigers Sport and Education Trust Notes to the Flnancial Ststements- continued for the Year Ended 31 August 2024 DONATIONS AND LEGACIES 2024 2023 Donations 121265 In 2024, £121,265 of the total donations in¢ome was attributable to unrestrlc￿d income funds (2023.. £18,153) with the remaining balance of £nil (2023.. £nil) adding to restricted funds. INVESTMENT INCOME 2024 2023 Deposit account interest INCOME FROM CHARITABLE ACTIVtTIES Health and W¢15being Education and Employment Community and Inclusion Charitable activities Grants 13,661 58,088 393,912 286 686 220,419 378.468 680 598 598 887 2024 Total activities 2023 Totsl activities Core and Other Charitable activities Grants 45,387 673,379 821058 355,103 874,431 143 203 1.494 437 1,229 534 Grants received, included in the above, are as follows.. 2024 2023 Premier League Kicks Premier League Primary Stars I SctLooI Sport 258,317 247,616 150,000 11,219 107,816 75,000 l50,000 85,841 i5,572 75,000 23,147 54,500 7,355 7,000 38.042 38,176 NCS Other Grants Premier League Inspires Pretnier League Kicks Targeted Premier League Core Funding Tigers Together Tigers Team Mates Holiday Action Fund Active Through Footb811 Chang¢ Makers 2.000 40,000 89,534 Carried forward 733.886 763,537 Page 32 continued... Tigers Sport and Education Trust Notes to the Financial Statements- continued for the Year Ended 31 August 2024 INCOME FROM CHAIUTABLE ACTIVITIES- eoDtiDued 2024 2023 Brought fo￿ard Tigers Pathways (ESIF) Waiting Well usw Youth Justie¢ Premier League Women & Girls Hey Mind Sutton Ward Stay Onside 733,886 32,967 3,345 17,500 763,537 45,126 24,675 23,127 16.966 1,000 12,743 3,480 821058 874431 CHARIT ABLE ACTIVITIES COSTS Support costs (s¢¢ note 6) Direc( Costs Totals Health and W¢llb¢in8 Edu¢ation and Employment Community and Inclusion Core and Other 66,441 595,965 522,107 80.119 2,749 20,500 15,903 76.536 69,190 616,465 5J8,010 156,655 1264 632 115688 1380 320 SUPPORT COSTS Property & rent Other office costs Governance ¢osts Finance Totals Health and Wellbeing Education and EmploytrLent Community and Inclusion Core and Other 105 45 2,708 421 2,644 19,855 13,195 2.749 20,500 15.903 600 69.132 115688 The total support costs included in coaching and developmen( are apportioned based on individual project income valu¢s compared to the total project income value and has been Split between restricted fjJnd$ and unrestricted funds. Page 33 continued... Tigers Sport and Eduestlon Trust Notes to the Flnanclal Staltments - continued for the Year Ended 31 August 2024 NET INCOMEI(EXPENDITURE} Net in¢omel(expenditure) is stated after chargingl(crediting)'. 2024 2023 Depreciation - owned assets AUDITORS, REMUNERATION 2024 2023 Fees payable to the charity'5 auditors and their associates for the audit of the ¢harity's financial statements TRUSTEES, REMUNERATION AND BENEFITS There were no trust¢¢s' r¢munerdtion or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, expenses There w¢r¢ no tnLStees' expenses paid for the year ended 31 August2024 nor for the year ended 31 August ?023. io. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 994,057 70,346 895,067 61,724 15,729 1084 770 972,520 The average monthly number of employe¢s during the year was as follows.. 2024 10 50 2023 Line Manaoem¢nt Delivery Staff 48 60 57 The number of employees whose employee benefits (excluding employer pension Costs) exceeded £60,000 w&s'. 2024 2023 £70,001 £80.000 £80.001- £90.000 Page 34 continued... Tig¢r5 Sport and Edutation Trust Notes to the Financial Ststements - Continued for the Year Ended 31 August 2024 io. STAFF COSTS - continued The trustees consider fhe board of trnstees, the communiry manager and Chief Executive OtTicer as comprising the key managernent personnel of the charity in charge of directing, controlling and operating the charity on day to day basis. All trustees give their time freely and no trustee remuneration was paid in the period. The total remuneration and other benefits (includinc employer contributions) paid on behalf of key managemerLt personnel for their service5 to the charity was £81,352 (2023.. £78,597). ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fjjnds Restricted nds Totsl funds INCOME AND ENDOWMENTS FROM Donations and lega¢ies 18,153 18,153 ChAritable #etivities Health and Wellbeing Education and Employment Comtnunity and Inclusion Core and Other 39,030 23,127 121,572 107,131 38,042 570,564 330.068 77,072 593,691 451,640 107,131 Investment income other income Income from cotnmercial operations 1.356 16,113 178 082 1.356 21,911 178,082 5.798 Total 944 472 1449 036 EXPENDITURE ON Charitable activities Health and W¢llbeing Education and Employment Community and Inclusion Core and Other 32,712 11.720 15,219 203,543 168 868 24.975 524,856 310,421 57,687 536,576 425,640 203,543 168,868 Total 860 252 1.392,314 NET INCOMEI(EXPENDITURE) TraDsfers b¢tweeD funds (27,498) 84.220 56,722 Net movement in fuDds 66,544 (9,822) 56,722 RECONCILIATION OF FUNDS Totsl bJnd5 brought forward 377.468 I22,702 500,170 TOTAL FUNDS CARRIED FORWARD 112880 556 892 Page 35 continued... Tigers Sport and Education Trust Notes to the Financial Statement5 - continued for the Year Ended 31 August 2024 12. TANGIBLE FIXED ASSETS CROUP Long leasehold improvement Plant and machinery Totals COST At I September 2023 and 31 August 2024 206 134 DEPRECIATION At I Sept¢rnber 2023 Charge for year 18.142 173,824 6,998 191,966 At 31 August 2024 180822 201,558 NET BOOK VALUE At 31 August 2024 43,252 At 31 August 2023 20.534 TANGIBLE FIXED ASSETS CHARITY Plant and machinery Motor vehicles Totals COST At I September 2023 aud 31 August 2024 141663 191263 DEPRECIATION At I September 2023 Charg¢ for year l41,663 17,867 159,530 At 31 August 2024 141,663 24.667 166330 NET BOOK VALUE At 31 August 2024 Ai 31 August 2023 31.733 Page 36 continued... Tigers Sport gnd Education Trust Notes to the Financial Statements- Continued for the Year Ended 31 August 2024 13. FIXED ASSET INVESTMENTS Shares in group undertakings MARKET VALUE At I September 2023 and 31 August 2024 100 NET BOOK VALUE At 31 August 2024 100 At 31 August 2023 100 There were no investment assets outsid¢ the UK. The company's investments at the balarLce sheet date in the share ¢apitsl of companies comprise the followirtg". The Tigers Trust Areng Limited Registered O￿lC¢. The Tigers Trust Aren4 Walton Street, Hull, England, HU3 6GA Nature of busine5s'. Hiring of facilities. Class of share.. Ordinary Holding loo 2024 2023 Aggregate capitsl and reserves Profit/(Loss) for the y¢ar 3.666 6,858 14. DEFfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Charity 2024 2023 2024 2023 Trad¢ debtors Oth¢r debtors VAT Amounts owed by group undertakings Prepayments and accrued income 22,050 236 11,476 579 14,778 19 3,416 91 124.931 84,518 94.810 38,056 88,392 39.054 110678 224 246 136,373 Page 37 continued... Tigers Sport and Education Trust Not¢5 to the Financial Statements - Continued for the Year Ended 31 Augllst 2024 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Charlty 2024 2023 2024 2023 Trade Creditors VAT Other creditors Accruals and def¢￿ed income 33,643 28 6,742 261.708 10.603 5,108 8,687 268,885 31,724 9,115 6,850 230,104 8,743 236.235 302,121 293.283 268 678 254 093 Included within creditor5 above is deferred income totalliryg £219,122 {2023 - £200.782). The movement in the year is as follows.. Charitable activities Total At I Scptemb¢r 2023 R¢leas¢d from previous years D¢f¢rred in the cutrent year 200.782 (200,782) 219,122 200,782 (200,782) 219 122 At 31 August 2024 219 122 219 122 In¢oming rcsource5 have only been deferred in r¢spe¢t of monies received in advance of the services being d¢liv¢red under a services agreement. Page38 continued... Tigers Sport and Education Trust Notes to the Financial Statements - continued for the Year Ended 31 August 2024 16. MOVEMENT IN FUNDS Net movement in fvnd5 Transfers between funds At 31.8.24 At 1,9.23 Unrestricted funds General fund Kickstart Scheme USW Foundation Degree Tigers Together Tigers Team Males 429,955 3,286 9,092 291 99.631 75.578 605,164 3,286 298 6,597 (7,044) 7,683 (1,750) (1,377) 444,012 100,270 72,451 616,733 Restricted funds Premier League Kicks Primary Stars Premier League Senior Schools FtUB NCS Premier League Inspires Premier League Kicks Targeted Active Through Football Change Makers Holiday Action Fund Tigers Pathways (ESIF) PAC2 Premier League Women & Girls Youth Justice Multiply (Inclusion) Families LT Hey Mind Street Soccer Academy VPP- Stay OrEside Sutton Ward CBSL Turing 31,245 11,731 10,733 4,811 1,266 6,606 2,083 1,143 41,420 (3,815) 313 26,345 8,400 (33,149) 39,958 4.927 10,733 (1,200) {2,484) 6,606 8.629 1,143 49.516 10,733 1,889 900 4,757 801 13,363 4,594 1,728 6,940 (1,182) (6.504) 10,365 493 (14,115) 15,649 (9,103) 12,496 20,807 6,681 (4,400) (6,259) (4,792) 900 4,757 985 15,988 5.868 2,234 8,654 (470) (184) (2,625) (1,274) (506) (1,714} (712) 112880 121922 162351 TOTAL FUNDS 556 892 222 192 779 084 Page 39 continued.-. Tigers Sport And Education Trust Notes to the Financial Statements- continued for the Year Ended 31 August 2024 16. MOVEKENT IN FUNDS- continued Net movement in ￿nds. included in the above are as follows.. Incoming resources Resour¢e5 expended Movement in fuftds Unre5trieted funds General bjnd USW Foundation Degree Tigers Together 586,409 17,500 (486,778) (24,544) 10.262) 99,631 (7,044) 7,683 621,854 (521,584) 100,270 Restritted funds Premier League Kicks Primary Stars NCS 258.703 331,487 11,219 141,150 91,032 52,716 62,583 47.920 1,840 36,078 12.743 5,055 l7,137 7,121 (258,390) (305,142) (17,723) (130,785) (75,383) (40,2?0) (41,776) (41,239) (855) (20,090) (6,875) (2,821) (8,483) (7,591) 72 729) 313 26,345 (6,504) 10,365 15.649 12,496 20,807 6,681 985 15,988 5.868 2,234 8,654 (470) Premier League Inspires Active Through Football Holiday Action Fund Tigers Pathways {EStF) PAC2 Multiply (Inclusion) Families LT Hey Mind Street Soccer Academy VPP - Stay Onside Sutton Ward CBSL Turing 1152024 1030.102 121922 TOTAL FUNDS 1773 878 1551686) 222 192 Page 40 continued... Tiger5 Sport and Education Trust Notes to the Financial Statements- continued ror the Year Ended 31 August 2024 16. MOVEMENT IN FUNDS- continued ComparAtiV¢5 for movement in funds Net movement in fvnds Transfers between funds At 3 l.8.23 At 1.9.22 Unrestrlcted funds General fund Kickstart Scheme USW Foundation Degree Tiger5 Together Tiger5 Team Mates 374,182 3,286 (42.017) 97,790 429,955 3,286 9.092 291 11,405 (2,216) (2,313) 2,507 377,468 {27,498) 94,042 444,012 Restricted funds Premier League Kick5 Pritnary Stars Premier League Senior Schools HUB NCS Premier League In5pir¢5 Premier League Kick5 Targeted A¢tiv¢ Through Football Change Makers Holiday Action Fund Tig¢r5 Pathways (ESIF) PAC2 Premier League Women & Girl5 Youth Justice 54,983 9,802 10,733 6,771 105 3,233 572 33,641 (24,310) (31,712) 31,245 11,731 10.733 4,811 1,266 6,606 2,083 8,035 12,780 5,688 5.619 1,272 13,065 (4,218) 313 1,000 (9,995) (11,619) (2,315) (3,536) (129) (3,804) (4,513) {313) (ioo) 1,696) 32,159 4,916 41,420 13.815) 900 122 702 94,042) 112,880 TOTAL FUNDS 500 170 56.722 556 892 Page41 ¢ontinued.-. Tiger5 Sport and Education Trust Notes to the Finineial Statements - continued for the Year Ended 31 August 2024 16. MOVEMENT IN FUNDS- continued Comparative net movement in funds, irtcluded in the above are as follow5-. Incoming resources Resources expended Movement in fvnds Unrestricted funds General fvnd USW Foundation Degr¢e Tigers Together Tigers Team m￿eS 467,082 23,127 7,355 (509,099) (11,722) (9,571) (42,017) 11.405 {2216) 504,564 (532,062) (27.498) Restricted funds Premier Leagu¢ Kicks Prirnary Stars 247,616 317,110 85,841 126,998 23,146 38,177 1,288 38,042 45,125 3,163 I,ooo 16,966 (247,044) {283,469) (77,806) (114,218) (17,458) (32,558) (16) (24,977) (49,34)) (2,850) 572 33,641 8,035 12,780 5,688 5,619 1,272 13,065 (4,218) 313 1,000 NCS Premier League Inspires Premier League Kicks Targeted Active Through Football Change Mak¢rs Holiday Action Fund Tigers Pathways (ESIF) PAC2 Premier League Women & Girls Youth Justice 10513) 860 252 84,220 TOTAL FUNDS 1449,036 1,392,314) Page 42 continued... Tigers Sport and Education Trust Notes to the Financial Statements- Continued for the Year Ended 31 August 2024 16. MOVEMENf IN FUNDS- contlnued A ¢ll￿ent year 12 months and prior year 12 months combined posltion is as follows.. Net movement in funds Transfers between nds At 31.8.24 At 1.9.22 Unrestricted funds General fund Kick5tart Scheme USW Foundation Degree Tigers Tog¢th¢r Tigers T¢arn Mates 374,182 3,286 57614 173.368 605,164 3,286 298 6,597 4,361 5,467 (4,063) 1,130 3,942) 377,468 72,772 166,493 616,733 Restricted funds Premier League Kicks Primary Stars Premier League Settlor Schools HUB NCS 54,983 9,802 10,733 6,771 105 3,233 885 59,986 (15,910) (64,861) 39,958 4.927 10,733 (1,200) (2.484) 6,606 8,629 1,143 49.516 10,733 1,889 900 4,757 801 13,363 4,594 1,728 6,940 (1,182) 1,531 23,145 5,688 21,268 1,272 25,561 16.589 6,994 I,ooo 6.453 985 15,988 5,868 2,234 8,654 (470) (9,502) (25,734) (2,315) (12,639) (129) (8,204) (10,772) (5,105) (100) (1,696) (184) (2.625) {1,274) {506) (1,714) {712) 2.5ll) Pr¢mier League Inspires Premier League Kicks Targeted Active Through Football Change Mak¢rs Holiday Action Fund Tigers Pathways (ESIF) PAC2 Premier L¢ague Women & Girls Youth Justice Multiply (Inclusion) Families LT Hey Mind Str¢et Soccer Academy VPP - Stay Onside Sutton Ward CBSL Turing 32,159 4,916 122 702 166493 162.351 TOTAL FUNDS 500 170 278 914 779 084 Page 43 continued... Tlgers Sport and Education Trust Notes to the Financial Statements - Continued for the Year Ended 31 August 2024 16. MOVEMENT IN FUNDS- Continued A CU￿ent year 12 months and prior year 12 months ¢ornbined net movement in funds. included in the above are as follows.. Incoming resources Resour¢es expended Movement in fvnds Unrestricted funds General fund USW Foundation Degree Tigers Together Tigers Team Mates 1,053,491 40,627 25,300 (995,877) {36.266) {19,833) 57,614 4,361 5,467 1,126,418 (1,053,646) 72,772 Restricted funds Premier League Ki¢ks Prin)ary Stars NCS Premier League Inspires Premier League Ki¢ks Targeted A¢tive Through Football Change Makers Holiday Action Fund Tigers Pathways {ESIF) PAC2 Premier League Women & Gir15 Youth Justice Multiply (Inclusion) Families LT Hey Mind Street Soccer Academy VPP- Stay Onside Sutton Ward CBSL Turing 506,319 648,597 97,060 268.148 23,146 129,209 1,288 90.758 107.708 51.083 1.000 16,966 1,840 36.078 12.743 5,055 17,137 7,121 (505,434) {588,611) (95,529) (245,003) (17,458) (107,941) (16) (65,197) (91,119) (44.089) 885 59,986 L.531 23,145 5,688 1,272 25,561 16.589 6,994 1,000 6,453 985 15,988 5,868 2,234 8,654 (470) (10,513) (855) {20,090) (6,875) (2,821) (8.483) (7,591) 72 729) 2 096 496 1890 354 206 142 TOTAL FUNDS 3 222914 2 944 (K)o) 278914 Transfers between funds The transfers between fi￿dS relat¢ to exce55 irycome on specific projects which have b¢en d¢liver¢d together with an allocatton to sp¢¢ifi¢ projects which require additional fjJnding. Page 44 continued... Tigers Sport and Edu¢gtion Trust Notes to the Financial Statement5 - continued for the Year Ended 31 August 2024 17. EMPLOYEE BENEFIT OBLIGATIONS During the period the charitable company paid £20.367 (2023.. £15,729} into defjned ¢ontribution schemes. The expense and liability are allocated between unrestricied and restricted fiLnds based on employee's titne between proj¢¢ts. There was £3,890 outstandiThg at the period end (2023: £6,694). 18. CONTINGENT LIABILITIES The company is limited by members. guarantees and therefore h&5 110 share capital. In the case of a winding-up, members have undertaken to contribute to the charity's assets to a maximum of £lO per member. The total number of members as at 3 1st August 2024 was four. 19. RELATED PARTY DISCLOSURES Owing to the nature of th¢ Charity's operations and the composition of the board of Irusle¢s being drawn from local public and private se¢lor organisations, it is inevitable that transactions will take pla¢¢ with organisations in which a member of the board of tn15tees may have an interest. All transactions involving su¢h organisations are conducted at arm's length and accordance with ihe Charity's nomial procur¢ment procedures. During the year ended 3 1st August 2024, there were related party transactions relating to key management remuneration (disclosed in Dote 9) and transactions with ihe subsidiary Company, The Tiger5 Trust Arena Limited. There were also transactions during the fmancial year with Hull City AFC and its related entities made up of £61,165 in income and £4,879 in expenses. These transactions related to recharges of costs during the year. Further income was received from Chris O'Neill Consulting Limited, a company in whi¢h the trustee Christopher O'Neill is a director of, totalling £200 relating to a golf day donation. In¢ome was received from Qui¢kline Communications Limited, a company in which the trustee Sean Royce is a director of, lotalling £200 relating lo a golf day. Joseph Clutt¢rbrook, a trustee of the Charity, is employed by Hull City AFC as Head of Communications. The charity owns the whole of the issued ordinary shar¢ ¢apital of The Tigers Trust Arena Limited, a Company registered in England. All activiti¢s have been consolidaied ort a line by lin¢ basis in the Ststement of Financial AcuvLlies. A summary of the results of the subsidiary is shown below: Tolal 2024 Totsl 2023 Turnover C05t of sales 196,259 177.882 Gross profit Athntnistrative expense5 Oiher operating incotue 176,739 159,853 (179,931) (162,338) 200 Net profitl(loss) The aggregate of tELe assets. liabilitie5 and funds was.. Assets Liabilities 170,942 140.369 167 76 Aggregate called up share capital and reserves 3666 6858 Page 45 ontinued... Tiger5 Sport gnd Education Trust Notes to the Fin8Dcig1 Statements - Continued ror the Year Ended 31 August 2024 20. NET INCOMING RESOURCES OF PARENT CHARIT ABLE COMPANY As p¢mitted by Section 408 of the Companies Act 2006, the star¢ment of Financial Activities of the parent charitable company is not presented as part of these fmancial statements. The parent charitable compaThy's net incoming resources for the year 10 3 1st August 2024 was £225,384 (2023.. £59,007). This page does noi fotTn part of tlLe 5tabJlory f￿anCIal statements Page 46