Ccynpany registration n(wnbor.' 04903645 Clwity registrati￿ Nmbgl.. 1102239 Watford FC'S Community Sports & Education Trust (A ¢ryany IkrHted by share wtar) Annual Report and StalMwnts forthe y￿ Ended 30 June 2023 Azets Audit SeTrice6 LNn*ed Ashcombe Cowt Wool8a¢k Way Godalrring SuTrey GU7 1LQ Iiiiirniii •ACZV8P9C* 2810¥2024 COMPANIES H￿SE *381 Watford FC'S Communlty Sports & Educatlon Trust Contents Refwce and Adrnin1Stratr￿ Details Tnjstees, Repyt 2109 Slalement ol Truslee$' Res￿￿1b1&1ieS 10 Ind¢pÈntJènt Auditorfs Report 11to13 Consolklaled Slatement of Financial ActThfjtles 14to15 Consol•Y*ed She 16 Balance Sheet 17 Con8olKlated &¥tement of Cosh 18 Not05 to the Financlal Statements 19to Watford FC'S Community Sports & Educaiion Trust . Reference and Admlnlstrative Detail$ CthalTman Mr S J Macqueon So¢relary Mr P J Waslalj Prlnclpal Office Vicarage Road Slajium arford Hertford$hire VV018 OER Company Registration Numbfrr 04W3645 Charity Reglstratlon Number 1102239 Audltor Azet8 Audit sery￿ Lwnited As￿rnbe Court WooL%a¢k Way Gojalming Surrey GU7 1LQ P4e1 Watford FC'S CommunSty Sports & Educatlon Tr￿t Trustees. Report Thi8 repcrft provhle5 8 summ¥y of Ihe TwsY6 xtwit￿S cowring the period tr￿n 1s1 Juty 2022 10 301h June 2023. The reF*Yt det￿13 prcwJres5 made •Jain51 our prinGyl wea5 of Wts￿. 11 highlights our key achievements, provides H)sJghl into s¢m¢ of areas for devek)pmenl arKI whal we hope lo ¥chi¢ve durng 2023124. Tru$t¢•s TrusleeslDireclor8 at the yw end&J 30 June 2023. and lo date. and date5 01 apwntrnert if after 30 June 2022, are as Mr. S. J. Macqueen (Chairl ML8S M. J. Gabbrtass IVKe Chair) IAis5 H. Battram IAr. K. Dawan Mrs. R. A. Insk IAr. P. M. O'Brign •Ar. l. K. Taker 19.0723 19.0723 19.0723 19.0423 19.04.23 Trustee resigna1￿6 from the Board. swKe the yew Commencry￿ 1 JUPY 21Y22 are as foll￿#S. Mrs. G. L Clthe MT. P. A. Clark Mr. E. J. Coan Dr. J. Da￿S Smrfh, CBE Mr. C. J. Luff. MBE Mr. C. J. Norton Miss E. R. Saunders Profe8sor S. R. Timperfey 19.0423 17.11.22 19.0423 04.10.23 19.04.23 19.04.23 10.10.22 19.04.23 The above TN8te8 res￿nalkI)S are as a resull of the ¢cmpl8tion of their M￿muM teTh￿￿ in mlè. A comprehensive recrurtmenl process WBS corryleted and ow Trustees add a lurther rary of diverse knowledge and expeiien¢e lo the BLwd. E￿¢thI¥¢ Summary The Trust continued lo pThide a dlverse rdry ofcommunty pl￿e¢t8. act￿#68$. everts. and In￿￿Ve8 fora broad cross seclb)n ofthe ts)MrnL￿ty. 11 C￿tinue¢y lo buill on Its prou¢J tra(* record of delfvering trnporlant servkes tor local ¢ommunlties and of worklr4 In p¥tnersh4), collabtsratin9 with a rangè ol organisations to provide SUFPOrt for those in ne&J. TheTrusl remains comNitedto ¢onlinLKUS Ynwovement andlhis is d8NK)nstrated intho so¢ilon of this reFK)rt where Ihe Trust is making plans to ensure that it is rrt for fulure. The ￿hIeVeMents and performarKe Sect￿ of this report provkjes el￿￿nce to confirm Ihal tho Trust has continued to 1rnpro￿ Irles and enhance ctyr¥nunl PwJe 2 Watford Fc's Communty Sports & Education Trust Trusteos. Report Objectives for Publ1¢ B¢n•frt Trustees wort( ck)sety wilh staff to ensure thal the Trusl's stralegic and ¢¥JeTational priorities Set for the year me8t the charity obiKt5 detaled in rfs governing document and the Charty Conmi$sion'$ ueneral guidancg on Publ￿ benefrt. In bmad temis the Trust's Obj￿1¥•$ forthe benef* of tr* Publ￿ are lo." Provije and promote sport. phyx* thty. aThS te￿Ing cwortunit*s lo Ihe ¢c¥nMUn*￿ it serves. Assi51 in provKli￿ f*ilitie5 and cyJx￿unilIeS lor all secl*)ns of the ¢LYrKnunity. in the Interests of sockal welfare and with the o¥'ective of makiNJ a differenc* io pecple's I￿ve5. D?velop and implemenl nth¥commUn￿Y-baSed projects. xtryibes. initiatr¥e5. and events vthKh respond lo communitres needs and help prrynote communty ¢¢hes*)n. Th* Trust has established strory and m•anngful partnerSh￿*S with a ￿ge of pwtnors woss the public. private and voluntary sectors and works edlaboralivety when ddwerinu it$ seNi(*s. The objectiveg for public benÈfft prm8rity ¢omÈ from the Tw$t's key pri￿lty areas ofwork wh￿h are.. Hea￿h & Wellbeing, Leaming & Skills. s￿la1 Inclus￿ and Focrfball & Sport8 Developmènt. This b further conwjemented by us running and managing hvo community hubB which wovNJe further opwtunli68 and experience8 which hav¢ a posrtNe impa¢t on Peop￿.$ Irves. The Trusl reCOg￿eS the I￿rtan￿ of mcn*oTing aThl evauatiTha its on an On9￿￿9 bq818. 11 produ¢es an Impad Report on a yearty basi% wh￿h provhjes ev￿￿￿ cffi a Rnge of outcomes and impacL For thi$ year thè Trust produ¢ed a S￿lat impact report whth combined 30 51oTies for 30 yea¥s. celebrating the Trust's 30th year annTr￿rsary, as well as our inyt a¢ross 2022r23. Thi$ report is widely circulated to fans, ￿MmUnitY partners and fvnders and a copy ol il 1$ freety availablg to the pubk by going to thg Trust's ¥rtb$i￿ at www. st.com and ￿on requesl. It is ho￿ that the re6101 Ihk% rep(Yt demonslraltss many a$pècts olthe puts1￿ benefft wh￿h the charity provides. Further details of the Tntst's warious prr4ects, 8d1vit￿￿ arhj e4enls delivered during Ihi$ reporling year are delailed b￿￿. HEAL Th & WELL8E114G Our Golden Memorie5 proJB¢t njns for people living with dementia and their ¢9reis. As well as weekty $ess￿nS Nnning al the stadium and at one of our corrniunity hubs. we also had ovgr 1(10 people attended an event at the 5tadivm, hekl as wl of D￿ntra Awareness VlÈek. Shape Up HarrcA¥ courseB ￿re run at various ￿￿a￿n$ acrctss Harrrth providiry aduls with th• OPF4Ntunityto19sgweight and become phy￿Calty aclNe. A5 a ol the su¢¢ess ofthe project Harr{￿ PU￿￿¢ Health commissionèd the Se￿￿e foranother two yeas. providing funding of£75.000 per year. Extra Time has been runnwu for over 10 ye*s and providès rec¥eathwl and SOCTal *iviiigs for Older adults continued al three venues a¢Toss Watford and Harrtyw. A range of aGtNities are provided on a weekty ba$18 ranging from $hort matt IxwAs. table tenniq. to badminton. chair exercises. danee, and I￿ard games. Our Positive MirMI8 mental heatth prtie¢t for primary schcd chldren conlinufjd with over 200 schools voEved this academic yw. and over 11IIKIO chiklren SUFpJled with Ment￿ health awarones￿edVCat10n. P•Je 3 Wafford Fc's Community Sports & Education Trust Tn*toes' Report During the year an irrycl Was F￿lu￿ our A￿1￿ V4atfoTd & Rivers prcpd covering Ihg belween 2019 - 2022. This high￿hled the laws achieved and benefrts gained by bOn￿Clar￿&S invdved in this behawur chang8 prograrrwn8 which focu￿ on helping Fwle lo go from bging Inact￿ lo *Ne. Our Man Onl Se88ion$ continued at multyle venues across s(xrth4¥e81 HertfordshKe providing a wellbeing ses8K)n for 18ffj5. usirwJ a C0rt4nat￿ of a loolbau s￿l0n 8nd wellbeing rf¢$hops. Cwnic Relief continued lo fund our prc4rn for chmren aged 9-12 years wrt￿ require support with their Th¢nlal health and ￿lbeing. Cwfses continued to prth1e Cotr￿ls rrfyounu pwlÈ th Sessions combining physical actNity and cognftive ￿haV￿)ural therapy. Youlh LI￿ Is our S￿la1 pi•scribing s¢rvts linklig ¢hikJr¢n and yo￿9 pw>lp lo non-clinrAI supervision. Alongside our Positive Minds a￿1 Empw proiecls it r￿MpleteS a SLlll8 of serv ained al supporllng youThJ peoF48 wlh their mental healfh. LEARNING & SKILLS PreM￿r League Inspirès is our ¢urriculum-based prc4ect arned al young peoFle who are at Tisk ol not fulfilling their pilential. Fn>m SeplertJer 2022, the project t*as OetNered on a we&￿Y basis in wonteen rÈgulxr schools Tmth ew3hteen ca)horts completing the prcMJramm&. These cohorts conwleted Ihree diffwenl afeas ol work Ir￿ludI￿3 peTsonal development. Mental welbeing. and 51xial actiGffi over Ihe threelerms. The proied etYJag8d VAih 215yourKJ pèop￿ on a ￿9￿10￿ ba$iswith thostryoung Feiv having 760 different risk factors attributed. Vlrthin those euhteen cohcjrts. thr88 of thoso were female IcKused groups who completed the ¢hangemakeT prciecl. Akngside this we wekomed over 200 yOLtrThJ people lo target￿ events. taster sessions and menloring opportlmtiitss. hvJhlKJht ol Januwy 2023 wa8 Ta(*lrrfJ Tough Conversations Evert whKh vras hekl at our Mehden Communty Cent￿. This evenl focused on cr68ling a saf& spac* f{￿ young people lo discuss tc¢)Ical 8rriel81 i58ues wkhin Watford and h￿e access to loc41 chaiilies ar*J cryanisatb)ns who can $upptsrt. ThÈ Èvènl ¢onsk%led of a K￿$ tasteT sessM. inlrodutlffi to boxing by a knal boxing club. Dignfy wothshop. Gamcore workslb)p 8rnd a by lffprnssx*n8blè MiThJs drug abuse. In total we Wekr￿ed 84 vulneTable young pecwe from our Irwres cohorls lo the Centre for the day and receiv F¥)sitive fe8dba¢k from both YOUNJ Peop￿ and a￿anYing Staff. As part ol our cultural capital cpportunities and to cdebratè Intamabonal IAt4Men'$ Day in Ma￿h 2023 Premier League Inspires hosled an Inlemalional Women's Day event at Ihe Tra￿Ing Ground. The e￿￿1 was supported by olher Trust ¢olbagues, Hwtfotdshirg Football AssociatKJn ¥rKI Watford W￿nen'S First Team. The event was qjer to41 females on pr￿￿r Leagl￿ Inspi￿$ asweH a8 dhe/gKls inteftisle(l in Ihosepartnerschool5. In tolal 97 femal85 attended the event from local seCC￿dary Schwls. TK Maxx & Homesen* Foundation confirTh*d continued funding 01 £15.IWJO IcwKrd5 ow Inspires prc*Jramme. Unfortunatety. due lo change5 to the National Clttzen serv￿ contract ow delivery of thi£ r￿[Sonal devetrjpment pr03r￿me for 16- and 17-y8ar-obJs vas mininwl. Pwje 4 Watford Fc's Community Sports & Ethcation Trust Trustees, Report SOCIAL INCLUSION Our Premiw League projèrj Èng8g&l wrth 1900 youfto pq)le aged 8-18 durtng this year. This includèd 516 femalas, 194 Indiwdu￿S disobilFties and 24 diflerent ethnKities. 650 young people look part In an educational workshop and 645 compet￿1 in a louTnamenL fixtUTe. u event. 51 young people compfeted over 10 Pthrs of str(K*ur8d volvErtgwing and 17 hard-tO•rwh indTr/idual8 wÈrè chosen for a 1Ckweek mentOTing programme. Partic*￿nts took pwt in thre8 SOCk4 action prolects and over 250 cLYryleted a nath)n81ty Tecogni5ed quakfication. The Kicks pr(yJwwnB offered over 35 h(w(s of w8&kty provisw)n Indu￿￿9 fcK4ball, youth dubs, baSk￿ball. dancè, boxry and Mni Kth xross Watford. Harrow. Sl Abans, and Hillingdon as well as fomalized youth boards and *A*ekty yO￿h vrAce se38ions. In a￿lliOn to the above, our ¥i¢lusNe Part￿pan￿won the K￿(S D￿bIty Foott¥all Festwal 2023. FOOTBALL & SPORTS DEVELOPAIENT A dNerse range of opportunlties 7Awe pThided ￿der thls therne ofwork, whith induded the folkywing.. HolKlay Coaching Cwfses were offered for young peoFle aged bdween 8iXto 12 yeatsof age and look pl￿e al a large of commvnity Iccations across South-wesl H8rtf(Kdshire and the London Borough of Harrow. Fcdball devetopmenl actn11b8st￿k place across ￿1 school holNJay pericth {except Chrislmas) re¢ording a total of 3,251 visits fof kKal children and YOU￿ people, during the year. Mat¢hd8y AdNitsès were run during the season with 12 malchday packages delNeTed to 1.300 young peoplc and their familw before men's first4ean h(xne league matches. These Y￿￿9 peopl8 look part in a 90-minute training at We91field A¢•Jwry in w*ford, makiry their way to Vicarage Road lo take in an EFL Chwnpionsh4) rnatch. In ad￿￿On to the stsndard m*ehd8y pthge8, Train Like a Pm. delNered in the indoor dcThe al the Irainlng ground. where 250 ¢hiklren were abte to experience the WFC Iraining ground and enp)y sèssion In the indoor training thme before watching Wthrd v Preston North End al V￿or#go Ro￿. This period saw us restructura wr b￿s. and girls. player pathww deftwy mc*Jel lo double the number of male and femafe grassic#)ts f0th11e￿ a3￿) lo 16 years by the end oflhe season. compa to 2021122. Some 700 grassroots pl8yws age UT-U16 (boys atyl girls) attend￿ weekty Iraining within our player devebpmenl pathway. We weve akn awarded 8 Itcenca by The FA to an Emerging Talent Centre as part of Th8 FA'S new women and girfs. development pathway and ddfvwed weekty Ifwning and school holKlay festNal fixtures across 8ge grlwps. u>r￿ing of players. In tarms of coaching programmes PTov*ded for sthwls we defvered breakfast rlLtbs, in4urri¢ulum chlng. lunchtime and after clubs in Sch￿IS in Hertford$hire and Harrow. deJiv8ring nearly 2tKI Ikiurs per week during the academ￿ year. Wa ￿s0 conlinued lo deliver ojr two funded programmes. Premw League Primary Stars. acroBs 70 cjasses and teachèrs. Our deh'wy was 8sses5ed aS'exem￿arf by the Pf¢mh?r Lwue fund for this roporting perK¥J. We have also Cont￿￿ed lo provide the EFL Trusfs 'mO￿ & Leam - Jty of Mwng, to over 2,500 Stud￿lS in 42 sclKd5. Fdh lhasa partner progrwnmes have lestiV81s •xl tOuman￿nts as part of national com￿ltI0nS wh we Icok part in. with success in the U11 Kids Cup in the find al Wembley 8iwJithn. Page 5 Watford FC'S Communty Sports & Education Trust Trusteos, Report INeconUnued lo Nn Ihrne Foottiall & EduCatiC￿ Schemes wh￿h c£rtiine I￿￿alland academic studiès for boys beiween 16 and 18 yèars of sgÈ. in partnership wbth schcds and col￿eS in H8rtford5hwe and Hatr0￿. 83 sludents acc*ssed educational and f(￿ball OFV%tunrties in the 22r23 ￿adern￿ year. In Juno 2023 ¢￿T second cohort of students graduated on our Foundabon Degree (FdA Foolbal Dev8Wn8nl and Co¥hing) in partnership with Mkjdlesex Ur¥ver5ty. We eonlinued to deliver our disabilily lalenl hub at Walfr)rd Fc's trainin9 gr￿nd provKling ¢0gthlng opportunities lor ta￿nted playern aged 7-16 Yea￿ old. as part of Thg FA'$ En9land tslent pathway. The operational delivery of INatford FC IAknien's first teams and dtsvekw*Thl squads returned to the Trusl in August of 2022. The 2022r23 season was a hugety successfvl one with thè women'$ first leam narrO%￿Y losing in extra time in the League Cup Final. wnning tha National League Prnmier South dNision and the playwoff final to secuTe promo1￿n ta Bar¢lays Wtwi's Chawpionship. COMMUl+llTYFACILifiES (run and man•ged by the Trust) Cedars Ywth & Communty Centre- With the centre celebral•]g 11 yts4s of￿￿n9 open, a major piec8 of faclity developm&nt was gchieved in September and Odober fdbwng a succ85slul funding applicatlcsn lo the Football FOUndatiL￿ rE6￿ting in an a¥ard of £99.823 lo replace the $ports hall fioor. the aslrolurf cavpet, the IwJhtTh￿ for boih zones lo LED fdiings and bulbs and also for tho wholo ol the cAnlre lo have a ￿nVers1O￿ to LED hghtMvJ t￿. with cosl sa¥in9 measures in mitvj. FootbaH al the eentre continues to grow with arca 14CiI ait8nding ￿￿h wed(. Fundiny of £19,500 was S￿￿Ted from the London Marathon F￿n￿lOn f￿ the refuthl5hrr￿nt Of￿￿?1 sp￿e and replxing equiprw M¢rrden Commynty Centre - The car park was re$urf￿ed vo fuThliny frcln Ihg Councll and Trust Following energy eff￿efiCy vthi¢h ￿ve taken Pla￿ since 2016. Ihe centre recetved an independent report Icommiss*)ned by Waff0￿ Bcmjgh Council) lo a0￿¢￿e us that the Energy PerfomarTh Certilicale {EPC) rating for the buikling, Iwd ￿n￿￿sed from 8 G grade lo a B grada. Further reviews will be underlaken dwing 2024. Footlall at the certTg has reached cir¢a 1100 each week. Beiween the Iwo centres continL*d lo pythlde 8P8celorkty stake￿￿JerS to offer bkjod donations. a food b￿k. avKI vaccinab'ons for bobiesthiktren. Equalmy, Dlv•rsity & I￿¢￿10n Our Equalrty, DNer5ty & Indusion Slralegy 12022 - 2025) t*ras davebpgd and launched. An EDI Learning and Awareness calermlar for 2022r23 vrds thewd in conjUnct￿n wilh Ihe club. This provided a broad Faroe ol OFWtunities. examples included a menopause webnar. autism avéareness train￿. dements friendty training. Herts Prbje. ￿￿)CauSt eta The membership ofthe EDI ChampThs groLP wa5 refreshed, as was ow EDI aclfvjn pkn and prciect equality reviev P•J8 6 Watford Fc's Community Sports & Educatlon Trust Trustees. Report Flghllng Fil Football won the Nat￿al FA Gra5$r￿kn Foolb41 Aw?rds, Proied of the Y&Y. Thi5 group of adutts, affected by Pafkirson's, use the each Monday ni9hl as their Iraining venuè and credit this use, faclltaled free ￿charge by the Trust, a5 boing key to enabling Ihe groLP lo exercise and p￿Y logether as a form c¢ free med￿Th, lo W dlay the effects ofthelr condllfjon. Through the TNst and club workiw Coknbvoty the dLth was rè-**arded wth the Premkn League EDI 8dv8nced level star￿ard. The EDI work vrds shortfBted a% pwt of Ihe English Football Leagu& EDI awards and recefvad thlrd place In the EDI Business Awarfs. The Truste0ntini￿to with a Tange ofccThnunty partnws IhTougb(Krt theyear. Exam￿% ofjusl some oflhe partners i￿lUde Ahm￿1￿Ya Muslwn Yryjth Ag>￿al￿ {national foolball townan&ntl. Iftar Event wrfh Watford Mu$lwn Y￿￿ Centrp- (in¢lud8d 8 stadium twr & Trust staff fasting for Ihree days in support). Other groups the Twst worke(I wrfh included the Frank Soo Foundation, OneVisK)n whi¢h was a Stephen L$w￿nCe event ￿th and other partneTS, Music Footb?11 Faiherhcjjd including support forf8thers around Fathers Day. The Trust Also V￿rked3kngskIe the thb and the Alzh8im*s Sttiety lo m&ke Waiford FC'S Road Stadium Dementia friendly. Fundral¥lng Several futhising evenls place during the year. whKh w￿ded Gala Dtnnerrai5ing £8,SCN), 9 24- hour football mor8lhon ratsing £11.000 and a crealive Stadium for Ants Iminialure design ol Wthrd Fc's stadium). wh￿h raised £1,698 Ihrough the salè of raffie tickets. The fir61 ever Tayk)T Trek evenl took place with 114 peoFde p3rticpabng. Sponsorsh￿> of £4,000 cwng frpm Mercer & Hole with Wenzels the bakers promding lunch for those t*tng parl. Buslnèss Partn•rdhlps 11 proved a dilficutt ye8r lo ty and attr8cI nw skWis￿. Fkwevor. wo V•tre ablB lo estthli5h sponsorship aywment wyjrth £20.000 with ts B￿ler Grow> and M.K. Ginder & Son5 who are a iong- slanfjing partner of the Trust renewed thelr £5.000 annu31 sp)n8crfshp. Stevw Eag811 Toyot8 also contlnued their long-stsnding support of us by agTeeirtg to provide a sponsored van for a further year. Volunteering Our team of over 40 vokrnteers conlinued to pro¥ide excelent surptsrt ￿06$ Ihe Tn￿1.$ range of adNilies. Rovl•w Reviews of Tru51 acbvitie5 k￿k place on a wuLir basis throughout the year *?th Tru51ees via Board and operational m881ing$, to ensure that Serv￿ were delt%ered in line wlh the Trust's key objeclwe5. Th8 senior leadership team d50 reyitrwed projects. admtios, ar¥J events to ensurp the delivery was in line wth priorilw sat lorthe year, 8s well as the T[￿S wider buwess ptsn. Frcrfn reviv4¥S the folkxwy a(*bns were thtif*d &s pNJrities for 202￿4. D8VBIop 8nd18urth a IKve strology fLY the Tn￿t dumg ea￿ 2024. Aknw$id& the new $tr*gy develop a nthv of change rnodel and 8 monticrflng and evaluation frame•vork so that ¢)w aThl FWI￿mance agoinst the outcomes Sel yi Ihe ne* strategy. Page 7 Watford FC'S Communlty Sports & Educallon Trust Trustees. Report Prcth and distrbutean annual Nryacl dOn￿r￿traI￿V th8p￿ Tnjst ha$ In IC￿al ￿mmunities. Devebp a repoitin9 Stwclure across wganisation so that all co1￿89￿e5 have a voice and can shape change and vryjrovements within the TrusL This inckmles establ$hwig naw lo¢us groups. a new Managers gr(NJP and rrtw s￿b-￿)Mmrtlees. Undertake the Inveslors in People audit assessment and further devebp our Strategy. Devekp a Fundrai8ityJ & Ir￿orne Generatp)n Strat89y. Recruil an Environmenld Sustainatmty and devebp an Emitronmonlal Sustain8bility Aclbn P&n. Run ow annual fLFndrai8ing G* Dinner. Run our thlrd Taykx Trek. c(￿IbUnty f￿d￿lsing v4enl. Expkye opporlunilies the appren1￿ashiP levy presents bolh in tenrts of up8kFllng staff. as as taking on apprenlKes in the fijlure. Recrnit a Funduw Olfrnr aThl Pwlnerships Exeurtr4e to help with th9 Sustainabllty of exi8llng proiecls and to try increase unrestricted funding. eThTes Policy The Trnsl has put in place tts'Resèrves to Iwp plart manage rt5 resource5 apprcpriatety to ensure Ihat the level set matches its oThJoing requiremenis and to inlomi rel￿ant stskèholdor$. 11 the poficy ofthe Trust lo In￿ease the levd offree r¢seNes genèr8tÈd to provKle sufficient hjnds to over be￿een three and six mnths operat1￿ costs. wiihout whth the charity could not lun¢lrJn and contlnue to ddr￿1 h day4rkday tyeratlon5. In addits.￿. we hdd free reserves to maintaw) our C[￿r￿￿ty Iwbs. including sust8inablliiy and Inlrastrudure imprpvernerrts vthere idgntified. This level hes been 8gree(l on the basis thal Ihe TeseThes amcrtmt wil ￿ld0 the Trust with 8dequale financ￿1 $t8bilily and the means Icr rt lo meet rts Chan"tab￿ objects. Thls Wicy will be rr￿lIt0[ad reP)rt￿ on during the r￿rth end mie¥ts and méetin￿, lo ablish whether any changes to this polry are deemed necessary and to ensure that the reseryes arg adequate to lulfil our ¢ontinuSng O￿Kdat￿lIS. Tho Be￿d aCkTr￿VIedge that the level of free reseThw ch￿geS the year and can ￿ a gL indicator of the underfying frnn¢￿1 heahh of the thardy: this can a150 be ￿ indraior of potential Problems. The level ol reserves will also be mcffilor8d IIwLwthoul tho year as paTI of the n￿Mal )nitoring butstary reportirvj prcce5S. Page 8 Watford FC'S Community Sports & Education Trust Trustees. Report A¢hlev•mMls & Performance The folh)wing were also hbjhlights during Ihe ythr. wi adth.lkin to the ￿hievements akeady detsibBd in this reporL Capabllty Cod8 of PraciKe Aulft- the Tn￿1 wats Tated V6ry Good,. The aroa of Ihe requirirtg moyl work Is Ewronmentsl SuBtainabilrty. Toy Drive inlk*ive (cl￿ & Trust) swing families at ctwlslm8S. Fundin9- £20.CQO secured foryouth engagementproiects in Harruw, £14,OOOfor Harrow Fals Prevenlion Prcgramm8. £10.1￿ for Man On HwrLMf. £21,OLK) for a ￿nI87 health programme in Harrow schools, W,CQO to provKle Emptywer hohjay camps to SUFPOrt yourvJ peOp￿'S rnentol healih. New syste￿ 1mpkn￿[rtVd- knsure rnanagar￿ scthvare System (EZ F*lty) and On￿ne recrUJiTh￿nt plalform (ream Taii¢rfJ. The annual report W88 wrobwd by tnthes ofthe tharity on>.2:•3>*nd Bbjned on its bahaw Mr P J ￿vaSta11 Coff¥wny Secretary P•J# 9 Watlord FC'S Communlty Sports & Educatlon Trust statement of Trustees. Responslbllitles The trustees {who are also the dyectorn cl Waiford Fc's Communily Spcrfts & Educat*Jn Trust for ihe purposes ofcompany law) a￿ ￿SpOnsIblef0rprepari￿j the Iru51ees' report and the f￿￿￿[Statemen1$ in a￿ordanCe with the United Kingdom Ac¢OUnti￿ Stsndwds Iunited K¥)gdom Generalty AcrÈpted Ac¢ounling Pra(*ol atMI appI￿ab￿ law and Tegulations. Company law requires the Intstees lo prepare financial statements for each fina￿137 year. Undèr company law th8 Iruslees mu8t not approve the fina￿4a1 stalements Un￿ they are sati5r￿d th8t they ghe a true and faw VRW of the state of affairs of the charitable ¢￿￿panY aFvJ of ils irthmlng resource nd 8pplicalion of resourc8s. including its i￿{￿ne and expendrture. for that p8noJ. In preparing these nanaal statemenls. thg truste95 are requwed lo: select suitabk accoffiling poI￿leS and appty them consistenuy; obsèNÈ the melhc*Js and princples in Ihtr Charitie5 SORP." makejudgernents and estimales thal are reasonablè aryj pnthnt". slate whether applKable UK AccoLM)tirKJ Slandards have been followed. subjecl lo arby matOTial departures disdosed and expfaired in the financial statewEnts.' and prepare the linan¢ial statements on concem basi5 unbss it is inappropriale lo pwume Ihat the charrfable will c(￿hnUe Fn business. Thè Irusléés are responstjle keepIr￿ adequat6 accl￿nting roc¢rds that arg sufficienl Its Sh￿4¥ and explain the charitable companys transact￿n$ an¢J dts¢k>se wilh rea50nabb2 ￿UT￿cY al any lime lh• financial position of the charttabk company and enabl2 them lo ensure that the financial statemènts comply with the CompaniBS Act 20C6. They are also responsbbè for safeguarding the assets of the haritabte crynp¥ny and hence for laking r￿￿ortab￿ steps for tha pr6vsntK)n ant1 detection ol fraud and other fftgularlies. Publlc 8en•frt Statem•nt The Trustees confimi that tw hatyE ¢omplied with thèw dtty to have due regwd to the gvidance on pvbllc benefit published by the Charty Ct)rtNniss•)n in exwci%ing Iheir pry￿e￿ of dvlies. The publ benefit of Iho Charity'$ activ￿￿5 are oullined under'Oi¥'edives f¢y publbc benerrt. above. Appro¥ad by the •Ar P J Wastall Company S8Crntary PaJg 10 Warford Fc's Communty Sports & EdurAtlon Trust Independent Auditorfs Report to the Members of Watford FC'S Community Sports & Education Trust Oplnlon We have audrted the finan¢ial stAtements of watro￿ Fc's C(mmunty Sptyts & TnBt lthe 'tharit&)le paleni company'l rts subsith"ar*s {the 'grryJp'l lof the year en(*d 30 June 2023, %*hich ccmprise the Consolhlated Staternent of Financial Atlivilies. Con$d￿ated Balance She•t. Balan￿ Sheet. Consolidated Statement of Cash and Notes to Financial Statemenls. irtI￿ling a summary ol swnificant accLJuntin9 policjes. The financial reF¥)rtiThJ fram￿0￿ that hos been applied In Iheir Prepara￿On is United Kiryqdorn A￿OUnting Stsndard5. comprising Chanties SORP - FRS 102 'The Finanaal Reportiry Standard applicable in the UK and Republic of Irdand ansJ apk￿l¢able law (Untsd Kryjom Gwwalty Attepied Ac￿untrng Practs￿l. In our epinion the finanaal statements". give a and tsir view ol the state of the group's and pwent chwtys affairs as at 30 Jum 2023 and of in¢omin9 resources anil applic8tson of resources. irKkJdir9 rt5 IrKI￿ and expernliture. forlhe yearthen ended". have be8n property pr•par•d in accoryjan￿wth Unrt•d ￿"r￿d0M GeneraltyAttepted Acc￿￿tiNg PraKtice,' and hava btèn prepared in accordanca the requiremènts of thè Cefflparmès Act 2Cth. Ba$[8 for oplnlon We ¢onducted our atyyrt in a¢Wrd￿cè wlh Inte￿til￿￿1 Slandards on Audrfi'TrJ IUK) IISAS (UK)) and apF*'ea￿e Iw4. Our responsibli rt*s undef Ihose slaTrJafds ￿ fvrther described In the Auditor's responsiblitie$ fgr Ihe aLNJil ol the financi81 statements section of our reporL are independent of the group in accordancè with the tthieal requirements that are relevant lo our authl ol the finanaal 5tsternents in the UK. induding the FRC'S Ethical Standard, and we have fulfiled our other ethtal rrtponsits"lth"es In a￿or￿an(8 ￿1h Ihese requirements. IAÈ belie¥e that the audrt e￿de￿e we have oblarod Is sulkient and appropnate to wovide a ba*s lor wr wnKsn. Con¢luslons r•lating to 90Sn9 ¢on¢em We have nothing io report in respecl of th• matt•ts Ai r•labon tOTAthith th• ISAS IUIQ wuirn us to report to you Whe￿.. Ihe trustees use of the 9tyr*J COn￿M basi8 ol in the prepaTatiw ofthe finantsal statements r6 not appropriate." or the trustees havts not disdowj in ￿ financial ststements any *Yenbfi&J material un¢ertaintses that may cast signthcant doubt aknjt Ihe grcrtjp's abltylotontinueto adoptthe gr￿n9 corttm basis of arujurffftg for a period ol at18ast m(x)ths fr(￿ the Llate vh*n Il* financial statements aT• authoriseil for is$￿. Ot￿r Informatlon The trustee5 are reSpO￿lbIe IDr the tsthèi inlowmation. othèr inlNm**Jn comFxtses Ihe inlonnation indudwj in Ihe annual reporf. other than Ihe fina￿31 stalements and our awJr(0rf5 report thereon. Ouropinion on the financ4al statements dc*s not cover the olher inl¢)rnation and. except to extent olhemse expliryty stated in our report. we do not exwess any fomi ofa$Surar￿e condusion lhe￿￿. In eonnection with our audrt ol Ihe finanoal 5tattrnents. our respo￿1￿"￿ty is to read the other informath.oft and. in doing so. con51der whether the other inlormation is Matsri￿1Y inconsistent wrth thè financial statements or our knOw￿dge obtained in Ihe audit ¢r 011)ewse aFvars to t* maierialty misstated. Ir we ¥Jentify such matenal inconsistenrie5 or apparent rnalerial m￿Staternents. V*E are required to ¢Jeternine whether thère a rnaterial missta¢ernent in the financ￿1 statements or a rnatsrial msststement ofthe other inforn&'on. If. based on the work ￿ havè ￿rfo￿led. we ConcJ￿ that there 15 a matèrial misslatement ol this other informab"on, w• ale required tg rewrt that fart have nothing to rew)rt in this re9ard. Page 11 Wattord Fc's Community Sports & Education Trust Independent Auditorfs Report to the Members of Watford Fc's Community Sports & Education T￿￿t Oplnlon on other matters pre3c￿ts0d by the Cornpanl•s Aet 2ty)6 In our ¢)pIn￿n. based on the WO￿ undertaken in the course of the aLhdit. the informatth gw•n in the Twu$ltes' Rewl. whth i￿￿e$ Ihe directors. report and Ihe Straleg￿ report prepafed frjrthe purposes of company law. lorthe finanualy•arforwhK* the financaal statements are prepared 15 consistent wth the financial staternents," and the strale9ic repul and Ihe directors. repNt induded witwn the Tn￿le•s, Report have been wepared in accordance wth aFpliutye ￿qUIreme1￿. Mattgr¥ on whl¢h ￿ •r¢ rwulred to r¢port by •Mc•ptlon In the IKJhi o1ourkn￿￿edge aThJ urwJerstsndiNJ oflhe group and Ihe pa￿ntChantsbk company rts enmronment obtained irn the course of the audc have hyenb.fied material mi5Statemenls in ts and Ihe Tru5tee5' Report. We have ngthiThJ to report in re5Fect oftt* fdkfi￿ng mallèrs wlwe th& Companw Act 2(￿6 rwjuires us to report to you if. in our opinion.. adequate accounl.ng record5 have not been kept by the parent ctsritstje company. w retum$ •Jpquate for our audit ha￿ not been recwved from braths not by us.. or the parent charitabk conyny financial Sts1*￿nts ar• ag(8wnent wth the ac¢ountir8 records and retums". or certain disdO5u￿ oftrustees reMu￿rati(￿ speryf*d by are mado". or we hav• not receNed all infomwb.on and explanat￿$ requi￿ for our a￿*t. R￿POnSIbIlItIeS of trustegs As explained rn0￿ I￿ty in fv Slatement of Trustees, Respwsts"litie5 (set fArt on page 181. the trustees, w￿> are also the d1￿ClorS of the charitsble company frir the purposes of 0￿panY law. are responsible Yor the preparation ofthè finanual state￿nts and for b*"ny satisfied that they give a and fair ¥￿. aTrJ for such internal contr as trustees detemine is necessary io enable the K¥eparabon offinancol statements that are free from material rnisstaternent. whelher due to fra￿j or trrTOr. In preparing tht financial statements, thè tnstsÈs a￿ respmbkn for assessyg ihe group's and the pa￿nt Charitab￿ companl5 atrx'lity to continue a5 a wng ¢oneem. disdosirvJ. as app1Kab￿. mattets ￿lated to 9tyng concern and ugng the going 0￿Cern basis ofacwJntiThJ unk5s the trust8és èthw intènd to Iyuidatè the group or the parent chantable C￿npanY or lo cease operations. or have no realistic ahemab"v8 but to do 50. ALKJTrtor'8 responsi￿lItIeS for the audit of the financlal stat•m•nts Our ¢)biectives are to oblain reasonable assurance about whelher ts financ￿ stat￿ents as a whole free frorn material mi551atement. YthethBr due lo fraud or error. and to issue an audrto¢s report thal ind￿leS ovr oimnion. Reasonable assurafice is a hlqh *vel tsf assurance. but is not a guarantee that an a￿y1t conducted in accordan wrth ISAS (UK) ￿11 a￿lay$ dètèct a Malen￿ misstatement wthen rt exksts. ML8Statements can arise from fraud or error and a￿ cc￿ldered material rf. indwidualty or in aggr•gat*. Ih•y coukj reasonabty be &x￿cted to Influence the econorni¢ de¢is*)ns of user5 taken on the basis ofthese fina￿al staternents. A fvjriher deScrip￿.0n of our reSp￿tsi￿.11tYas for the aL*lit of the fina￿37 ststem•nts is It￿ted on thè Frnancial Reportin9 CounrAls website at www.frc.or9.uklau(litofsrespJrtsitrflthe5. Thi5 description fonns part of our audftofs report. Page 12 Watford FC'S Community Sports & Education Trust Independent Auditorfs Report to the Members of Watford FC'S Community Sports & Education Trust Ext•nt to tHhl¢h th• •udllwas ¢onsld•v•d c•pble ol d•t•¢llng trre9uknrfl*s. inchjdkng fr•ud If￿gulari￿$. in¢k￿lr9 fra￿J. are instsrKes of n￿-￿n￿la￿ with Iw3 aTrJ rFgulatths. ￿ dE5yn procedures in line wth our ￿¥￿)nSibIl￿eS. rrtASne(l above and on Ihe Financial Rwbn9 Cryrrif5 websiie, to detect material misstatements in respect ol irreguknbes. induding tra￿￿. In resp￿5¢ to the nsk of iwre9ulairbes a￿1 no1￿(￿fir￿ce￿ryIh I￿￿ rngulabons. fva￿J, d•signed procedures whtth in¢14th.. Enquiry 0fmanagem￿l ￿ those th¥ged *ith ar0￿d aclual aThd r#)tsnlial litraabon and daims as well as actual. susptcred ajeged fraud.. Rewewr9 rninut95 ofmeetin95 oflhose thaiged wth gobErnanc¢: AssessirvJ ts extenl of ComF41an￿ wrth the lav*s and regulations ?￿￿￿er8d to have a dir¥¢t matsn.al •ffeci on the financial 5taternents or the Iwakns of thè ￿tity through erquiry arKI insFection.' Rewewirg finanoal 5tstementdisckisU￿ ond te5bry to supwbn9 d0￿mental￿n to aseess wnplianc* with applicable LM arKI regulabons", Perltsmiing audit work over the risk of management bj.as and ov•nh1• of conlrds, indudin9 tesb.ng Dfjoum enkn.es and other *Jjustrnents tDf èM)i¢)priateness, evalualirrfJ tr*blLsir￿ ratKJnale of significanttrawctth)ns l￿de the norrnal course of busirp$5 and re¥￿1¥￿￿ accountiThJ ests"mates for indi￿lOr5 of potential bias. Because of th? inherent I￿¢t8￿.￿￿ of an audit IWe ￿ a rBk thal*E I￿11 not (ktect all iThe9ularili¢s. induthng Ihose leadin9toa material misstat•m•nt in th•ffinanC￿I ststernents orr￿n￿¢t￿pIlancewth re9ulatKJn. This rtsk in¢rease5 the more that comF4iance wth a law or ￿ula￿On is rwnoved from the e¥￿ts and transactions ￿fie¢ted in financial statements, as w• VAII btr less l.kety to be¢orne *•Arn of irtstances of nOn-￿Mpl1an￿. The risk of not detectirrfj a Material misstatement resulb"rvJ from frawl is h￿her than for resulb'ry trcrfr error. as fraud rnay involve collusion. lorgery, intenb'onal ￿1$$*￿$. mw8presentations. orts ovefftae ol tntwn81 ry>ntrol. We obtain and upjate Ouf understanding of the enbty. rts ackntw. its ￿ntrol en¥?ronment, and likely firtLKè developnents. induding in relationtothe legal and re9￿￿ory fraNthtykapF4i¢able and howthe enbty is ¢omptyiThJ wrth that franewoth. 8as*d on this ur•Jetsianding. we and assess the risks of material misststement of th• fina￿al statements, whether due to fra￿j or error. deswJn and perfom 8￿JIt procedures responsive to those risks. and obtain aud't •¥thn￿ Ihat ￿ suffioent aFpfopTiate to provxle a basis for our opin￿. This irtlthyes consideration ofthe risk ol acts by ts entity Ihatwwe Con￿ to aFF4Kable Laws and regulab"tsThs, includiThJ fraud. U8e olour report Thi5 r•port is made sol•ly to Ihe Charrtab￿ paw¢t c(Knparfs trusttès. as a boty. in actorilance with Chapter 3 of Part 16 of Ihè Compan*9 Act 2(￿. Ouf audrt has beèn undertaken so that we Might state lo ihe gr￿p.$ truslees those matt•rs V•* are required to state to them in an a￿￿rt0￿S r•wt and kn no other purpose. To the ftjl1￿IeXt￿nIpe1rnftted by law. ￿d0 Thjtacctplorassume respon5itrf"ltyto anyone othertr￿n the chantable parent ¢cmpwry and its In¢tee¥ as a body, forour awjitwork, Ipr thi5 reFrt orfur own10￿ ￿ ho￿ lormed. oowd Lawrtnc• Bsc (Hon51 FCA (Seniy Stsiuty Awjitorl For and on behalf ofAzèts A￿lIt Semw ￿rntsd. Statutory ALthty Ash￿￿￿* Cowt Woolsadc Way Godalming Sufrey GU71LQ . 25 March 2024 Page 13 Watford Fc's Comrnunty Sports & Educatlon Trust Consolidated Statement of Flnanclal Actlvltles ft)r the Year Ended 30 June 2023 {Includlng Consolidated Income and Expendlturn Account) Unrostri¢ted Rtstrkt fund$ funds Total 2023 Income and Endot4¥mÈnts from: DonalKins and legacies charitab￿ actNIIi•$ Olhef trading aclN*ies Investment inccme 111.917 1,443.828 155,917 3.490,792 32.348 58.461 Tolal Income 3737518 Expendlture OD: Raising furKts Ch8Ti18ble aclNities (46,974) (46,974) 3 650 791 Total expendituro Nel lexpendilure)finccthe Transfers between funds 1812 539 1885 226 3 697 765 (165.985) 205.738 483.680 39.753 Net rr￿Vement in funds 317.675 1277.922) 39,753 Reconclllallon of funds Totsl fund$ brought foThv8rd 2026 105 5255 467 7281572 Total funds carrie(J fc¥ward 2.343 780 4 977 545 7 321325 PwJo 14 Watford Fc's Community Sports & Edu¢atlon Trust Consolldated Statement of Financlal Actlvftios for tho Year Ended 30 June 2023 (Includlng Consolidated Income and Expendlture Account) Unr¢strl¢ted Restrfeted funds nds Total 2022 Income and Endowments from: Donations and l&gac Charitable aclrvrties other trading activithes Inveslment income 323.799 1.456.658 41.919 11.783 40,CKKJ 2.3C￿,£S2 363.799 3.757.320 41,919 Tolal incorr 4.174 821 Expèndliure on: Raising funds Chwitable actNities {38.682) 1567 876 138,682) 3 435 957 Total expenditure 3474 639 N¢t (expendilureyincon Transfers betrfftn furth 227.e01 472,561 700,182 Net movement In fL￿dS 312.326 387.856 700.1W2 R•conclltatlon of fund# Totsl funds brought foNtsrd Totsl fund8 carri￿ fop•Ard 1713779 6 581390 20 2026 105 5 255 467 7 281 572 PwJe 15 Watlord FC'S Communlty Sports & Education Trust (Registration number: 04903645) Consolidated Balance Sheet a5 at 30 June 2023 2023 2022 Note Flxed assets Tangtjle assets Investments 13 14 4,240.983 318.961 4.308,308 4 627.289 Current assets DeblLYS Cash al bank a￿¢ in hand 15 16 194.416 3 043 773 3.238.189 204.301 2 ￿￿5.081 3.129.382 Cr6dltors: Arnounts falllng due wlthln on* yoar Nel cUrr￿t assels 17 2 777 331 2688154 Total assots l•$$ ¢urr•Mt liobililFes 7 337 275 7 315423 Provisions N*t a$$¢ts 7 281.573 Funds ofthe group: Reslricted Income funds 4.977,545 5.255,467 Unrestricted income funds Unr8strKted income funds To￿1 funds 7 321325 7 281.572 The finencial statements on pages 14 10 36 were aFvoN*d by the tntsttès ar#1 auilwised for N8sue on . and signed on thelr bew by". Miss M J Gabbila¥s ee Ch8imwi and Trustee Page 16 Watford Fc's Community Sports"& Educatlon Trust (Reglstratlon number: 04903645) Balance Sheet as at 30 June 2023 2D23 2022 Flxèd assets Tangible assets Invoslments 13 14 4288,819 318.963 4,379.247 4 698 210 cU￿ent￿sSets Dgbtors Cash al ￿nk hand 15 16 734.951 844.278 2.528,823 3.373.099 3.470,745 Cr•dltors.' Amounts fallkng du• wllhln on* y•ar 17 419 001 Net currènt ￿Sets 2,881012 Nèt asseis Funds ofthe Charity: R•strl¢¢¢d In¢om• funds 5.046,895 5.324,817 Unrestrlcted Income lunds UnreSt￿ted in(xthe funds 2 592 631 2.254.405 T4)tal funds 20 7.639.526 The fiTranC￿ slalem8nls ￿ p4es 22 10 44 wwe by the trustees ￿thOrIS￿ for issue on and signed on their b8haff by.. Miss PA J Gabbitass Vice Ch3lrman and Tru8tee Page 17 Watford Fc's Communlty Sports & Educatlon Trust Corwolidated Statement of Cash Flows for the Year Ended 30 June 2023 2023 2022 Cash flow8 Irom op•rntlng activities Nel cash inc￿ne 21.53S 698,882 AdJustments to ush nows from n¢)n￿sh It•ms Deprech￿lon In￿StMent in¢¢) 13 196.093 243,520 158.987 930,619 Working ¢aptt#l adjustments Decreas9llincrease) in debtors {Decreaseifincrease it) uedrtor5 Nel ¢ash flx$ from operalry actTrAies 15 17 9,88S 140,828 C•$h flows Investlng aetSvltles InteJEsI receivaAe arKI similar inrm Purchase of lan9Q)le fixed a5sels Disposal of tawble fixed assets N&t ¢a5h Itcws from inv¢slry activrties 58,641 {134,7741 11.783 13 69 809 Nel increase in cash and cash equNabn 118.692 1.003.619 C8$h and cash equfvalents at 1 Juty 2022 Cash and cash equwalenis at 30 June 2023 2 925 081 1,921462 3 043 773 All of the cash fkms are d￿7￿j from contWWWW CP9ralK)ns ¢ksring the ab￿le two pBrfod$. Page 18 Watlord FC'S Communlty Sports & Educatlon Trust Notes to the Financial Statements for the Year Endod 30 June 2023 l General lThformatlon Watford Fc's Cc*bwnunity SFxJts & Education TNSI 1$ a coryipany Smited ty pu8r8nlee. hcorporaled in England Wales. registered off￿e ts VK3rage Road Stadium, Watford, Hortfordshi￿ WD18 OER. The nature of1￿ chariws ww81iorts is set in the RepL¥t of the Truslees. 2 Accountlng poNcies Statement of cornpliance The financial statements of the Charitab￿ eompany have been prepared in accordance with the Charities SORP (FRS 1021 AccounliThJ and Roporti￿4 by Chari*s.' Stol￿nI of Recommended Practice w>plic8ble to charilt3 prep8ring axounts in a¢cc¥¢8nC8 with the Financial Reporting Slandard applicable in the UK and Repub￿ of IrelaN1 (FRS 102} leffective 1 Janu8ry 2015),, Financial Reporting Slandard 102 The Financid Rèportlng Sl8ndard ￿Pr￿ab￿ in the UKand Rewblic of Ireland, and the c￿7panIa8 Ad 2(N)6. Basls ot prnparatlon Walford FC'S Communily s￿ls & Education Twst meths the defin￿On of a public benefit &ntily under FRS 102. Assgts and Ikiblths are initially rECOgnL￿ at hislorKal cost or tran5a¢tK)n vakne Urt￿$ ctheTwise staknl in the r•levant ac￿nI￿9 ￿l1¢Y notes. Basls of consolldatlon Theconsdidaied 4ccounts In￿rpOratoth8 reSu￿$01W8lfc￿ Fc's c￿nMvnty Sports & EdutAtitinTru$t and its SLthidwy uThJertakings on a k'ne by kne basis. The ojns0￿ted entity is referred to 88 '1he group.. A subsidiary 1$ an entity conlrdw by t￿ charty. CC￿1￿01 is ach￿Ve￿ where the chaiily has the power 10 9overn the financi￿ and operab.ng pdi¢i&s irf an entlty $0 as to Obta￿ beneffts from its actNiiies. The resums ol subsidiaries acquired or disposed of during the year are in Ihe $tal8menl of financial from th¢ ¢ffedive date of acquisition or up to the eflectNe date of t11sp0s￿, as approprtale. necessary, are m*Jetothefinanck?Istatements of sub3¥11a￿ tobring their accountlng ￿[ClaS into ling wlh those used by the group. Inter-ccmpany transaciions. balÈnees and unrealised 981ns on trar￿1￿)ns boWn the com￿Y end its subs￿larIos, wh￿h are related parNes. are elrninsted in fijll. Intra￿roup losse5 *e al80 eliryMn8led bul ind*xtè an vnpaTh*nt that rwuwes recognlton in the consolidated fmancaal statemtsnts. Going Mn¢•m The trustees consider that there a￿ no materi81 ur￿rtainl￿ the group's abdty to coTrtiTrue as a goirMJ con￿rn any 3vJnthanl weas of UnCert￿ty that the carryirg vabje of assels hold ty Ihe gro￿. We have paid part*xlar attention to IW effeds on the bUsi￿S ol the current CovRI-19 outbreak ond thedirector¥ rwnain confident that suffi¢*nl funding 1$ in plar* and U)at Ihe ¢onyany has adgqual• resourcos lo enable the lo ¢￿tinue as a going co[￿£￿ for the fmeable future. Paue 19 Watlord FC'S Community Sports & Educatlon Trust Notes to the Flnanclal Statements for the Year Ended 30 June 2023 Income and endowments All income is reccgntsed once the Ch￿ has entittemenl lo income. it is probable that the income will be received and the arT￿nI of the irwrne receivab￿ can be measured reliably. Deferred income ari5e8 Whe￿ lund5 have been recefy*d t#rt tom￿ oltho have rK)t yet been met. Donations and18gacl•s Tickets and other items donaled for rp58le by the chaviiy are inClud￿j as when Ihey are 801d. Oonoted servl¢es are wrbised in the fmarKial slatemenls where theTe 15 an *Jentifrable cost to the dongr. Grants recefvablo Grant incorne is dassif￿ depending ￿ the1ém￿ of the donalK)n and where ir￿t￿ne rnlatOBIo 8 period. specified by the donor or SFthwr. rt i5 reco9nised the of thai per￿. Lolleryandlnves(Trwitlncome Lotiery IncomB and Inve8lrMnt incom&. wAwth consisls ofkw inteml arè aeu)￿ted foT on receNabkn ba8iB. Ex￿ndItUrn LK4)ilit￿3 are rett4nised 8$ expendilure as 900n as there is 8 lepgl or constrLtetiv& obliyattin committing the charity to Ihal eX￿ndIt￿rg, prcthble that a transfèr of 8wnoml¢ benefits will te tequired in seltknent thè 8Yrtwnl of the oblbJalion can be Th￿ured reliabty. Eypenditure is accounted for on an ￿ruaL% basis and has been dassif￿d undgr headin99 that aggre98te al Cost le￿Ied lo the caleg(xy. Where costs cannol be direclty attthrted lo particularhe8diNJs havè b8en allcKated to aclmties on a basis con$ist*ntwith th• resouffes. Support ¢osts Supwt Costs uJmpri$e the rRanwent of the tharlI￿S assets. OTganBat*)nal administrBtTh propety costs. Ceth"n expendiiure is di￿ attr*jutab￿ to $pe¢ific *liwti8s atNJ has t*en included within those categories. Whera costs wnot be dwedly altribLrted lo Part￿ra( headings they have been aloc*od lo a¢lNrties r)n a b* co￿tent wilh the use of resouTce5. staff salartes are apport￿ed between cost calogoriès bosed on the eslimate oflime spent. Summary ol disclosur¢ ¢xgmplions Section 408{41 exemption Irc￿ the fequirement to present the parenl c¥)nwany Profit & Loss i.e. Statement of Fir￿nCIal Actviili&l for has be￿ tagn. Pw20 Watford Fc's Comrnunty Sports & Educatlon Tntst Notes to the Financial Statements for the Year Ended 30 June 2023 Taxation The 15 C￿ls1dered to PaBS the 195ts set txrt w) Par8gtaph 1 6 of the Finance Act 2010 therefore il meets th8 définiticffi of 8 ch￿tsts￿ company UK corw*ai•)n tax purposes. Accordingty. Ihe ¢harity is potentialty exempi frrrfn taxation in fe5pect of irK>Jrr* or captt8198¥)s recelved within calegoTiaS covered by Ch8Pter 3 Part 11 oflhe C(Xp￿￿￿)n TaxAct 2010 or Section 256 oftheTaxalir of Chargeabl¢ GaTh Act 1992, to the •xt8nt that suth irtLNn• (¥ gavis arg applied exc￿$￿tlY to charitabte Purposes. Delelled lax b rewis8d ￿ resP8cI of all drfleren¢e8 between ca￿1 allcwances and deprecialKm ￿pOrted in the finantiaE slaierr*nts. Unrelieved t8x losse5 and otherdefeTred t•xas5ets ate ￿(traDISed when it Ès prrtjable thal they will be againsl the revwsal ol defeffed tax labiliti88 or tknr future taxable PTofts. Oeferred tax is measLrred using the tax r&te5 and laws that hav8 been erMcl&l or substantivety en8ded by Ihe reporting date aNI that are éxpected to appty to the revgrsal of Imning drf19ren¢e. ranplble Ilxed assets All Glasses oflangibl¢fixed as$¥ts aro I￿9rded alcos( any subsequentacwmulated depTeGiation and subsequent aecumulatal impainnt lossK. preclatlon and amortlsatlon Depreciatbn Is provided on tangible fixed assets so as lo w￿8 off th8 Cost or vatuatk)n..18ss any 8Stimatsd residual value. over their expeded uselul ett￿L￿nIC Ilfe as frAk￿$.. Asset class Fumiturè & equ￿￿nent Communiiy Centre Mtstor vehKle5 Aslrolurf pitch D*prEcialion m•thod and ratff . 10% strdighl lkne 2% sts8ight Pine 25% r&JucirHJ balance betsveen 4% and 10% str¥lght Ilne Flxod asset Investments Fixed a￿et investments are stated aItheFrhisto￿C0St fdlL* 8ttheyeaTerKI. Any permanèrtdiminution in the Yak￿ ol fixed asset Invgslmnts is provkled ts in the finawal staterr*Ns. Trnd• d¢btors Trade ¢Jeblor6 are amounts due frcffn Custo￿ fc¥ muchanthse or $ervw porfomwj In th8 ordinary cou￿9 of business. Trada debtrKs are recognised Initialty at Iran5acltoti pric*. They are $ubsequgntly Tn•¥sur*l at amortised cost using Ihe ¢ffgdv46 interesl methc*J. ￿5S prowwn for iTnpa*TnenL A provision for the impairmenl of trade debtOTS is estabtshed there i5 objedi.ve ey￿ence that Charity w511 not be able lo ￿llect all a￿KUnts due acctyding tothe orvJinal tomis of the ￿ceNableS. Page 21 Watford FC'S Community Sports & Educatlon TnASt Notes to the Financlal Statements for the Year Ended 30 June 2023 Cash and cash •quival•nts Cash 8nd c8$h equivalents ccfnpri5e cash on haNI and cal ¢kpc6its. and other short4ern highty liquld investments that are Te&Jily Convertti￿e lo a knchvn amDunl of cash and are subiect to an insi9nifunl k ofchangfj in Y8￿e. Trade ¢redltors Trade credllors are oblkjall￿s to pay for goods or seNcEs Ihat have been acquired In the ordinary course of bU￿nesS from supphÈrn. Ar£ounts PaYa￿e are cl855ffied as current liabilit￿ rf Ihe charrty does not have an uncondit6onal right. at the end of the reporting period. todelerselllementofthecredilor for at least tWe￿e months after the Teporfing date. If lh￿e is • ur￿￿￿l110n￿l right lo defer selllpjnent for al least twefve months aftar the reportirvj date. thty arè pres￿led as non-cuffenl liabilities. Trade Cre(lit0￿ we ree4nised initi￿tyatthetra1￿ckn and subsequendy measured atamortised cosl vslng the effective interesl Th￿hLI￿. Fund s¢ru¢tu Unréstrkted Income funds we general funds that are wdilable foT use al the Injstew. dts¢retion In furthorance of tha obl￿11v￿5 of the charity. Restricted inccmè fund$ are tho50 dortbtsd for LW in ¥ pathular aw or for sFrtI￿ purposes. Ihe use 01v4h￿h ￿ restrtcted to Ihal area or purprffje. Penglons and other post retirement obllgatk+n$ con1r1￿tIonS payable by the chariiable company to an indrrf¥Jual's perscrfjal pen8ion scheme are charged to the Slalement ofFina￿raIAdlvit￿S In the pe￿rf1 to ￿lch tlw re#e. Flnanclal Inslrum8nts The trust 0￿Y has finanrAal assets and fin￿Ck81 Ilabililies of a k￿d that qualrfy as bas￿ financLg1 inslrumenls. 8a8ic financia InstWff￿nls are inrfk?lty reccMJnised at trans*sn value and subsequerrt measured at their selllemenl value with the ex¢ept*)n of bank bans whth are subseqU￿tty y￿sU10d at amoitis¢d ¢ost uslng eff¥dr￿ rY*thod. 3 Incom• In)m donatM>ns and legades 2023 2022 DonalKJns and Grants. i￿UdI1¥a caw grants 155.917 354.799 155917 363 799 Page 22 Watford Fc's Community Sports & Educatlon Trust Notes to the Financlal Statements for tho Year Ended 30 June 2023 4 In¢omefr(¥n ¢haritabh aclivitie5 Unrestrfcted Restrfcted funds funds Tolal 2023 Total 2022 CotK8es MaiKlen conun￿llY Centre Cedars CorY¥nunty Centre Women 589.466 1.504.075 2,019.530 2,303,125 126.039 100.889 226,928 199,797 337.797 442.LKa) 779.797 715,199 390 757 539 199 1443 828 2.046 W 3 490 792 3 757 320 In￿me fmm other trading acll¥lll•s 2023 2022 Membersttip 8nd match day inc 41919 32 348 41,919 6 Investm•nt Income 21123 20Z2 Interest rè¢*vable on bank depos*8 I￿ereSt re¢eNable on lo￿$ lo rdated part 39.466 18,995 5.442 7 Costs of rnlsln9 fund6: Commorcial tradln9 operalions 2023 2022 Publcty and merthandise Lotteries and ¢0Mpetth￿bS 46,974 38.682 P4e 23 Watford Fc's Communlty Sports & Educallon Trust Notes to the Flnancial Ststements for the Year Ended 30 June 2023 Expenditurv on charitable actlvltfes Total 2023 Total 2022 Dlrttt ¢osts Supwt costs Courses Cedars Communty Centre Merxlen Community CenlrB Watlryd Wunen 1.602.520 265.149 217.199 982,072 2,S84.592 69.292 334.441 126.054 343.253 2,121,560 457.593 318.906 539 198 57 2 421583 1229 208 3 650 791 9 Analysls of support eosts Watlord Women Totsl 2023 Total 2022 Couptses Codars IAgrklen Audilofs remunerat* Pfofe&svJnal fees Wages Sc¢ial se¢uriiy Perksions Premises rosts TèlÉphr￿e, pOSt￿e. general advertising and stali0￿ry Corryuler expenses Motor vehKle costs and travel expenses Hospilallty Repairs. renewa5 and cleaniny Bank charges Irrecowable VAT DefeThed tax 12,450 43.718 703.192 67,661 20.023 2.40D 1,314 47.526 14.850 14.170 45.032 9.785 776,354 536,833 67,661 68.071 20.023 20.160 57,047 50.893 1S.747 29.117 12.106 57,112 5295 69,218 5,295 43,769 12,383 34.221 14.842 34.221 14,947 29.643 1,736 105 12.217 25.826 44.451 10,646 87.993 44,514 10,096 87,993 550 82,426 S1.7W 1229 208 922 251 10 N•t incom&l•xperKlftur• Net inc￿expend￿￿re lor the year Incr￿Je.. 2023 2022 Audil fee8 D8prBciation of fixed assèts 14.850 14.170 Page 24 Wath)rd FG'S Community Sports & Education Trnst Notes lo the Financial Statements for the Year Ended 30 June 2023 11 Staff costs The aggrggate paymll costs y￿e as fc41M.' 2023 Wages and salaries Social security costs Ponston Costs 2,112.046 151.437 57.619 2.321 102 1.950.754 132.399 46.359 2129 512 The monthty averwje nurrthr ol persons {l￿￿￿dIng 5enK¥ marTragernent tsaml empl¢)yed by th8 gTOUP durng the year e￿￿ed as fijll tyr* 4uNaknls a5 folkws". 2023 2022 No Coaching staff Administration Cedars communlly centre Mefiden ¢ommunity c8nlre 127 n￿nber01 ernpbyees Who￿ enK4vments fel tmthin the folkw￿ng bands was.. 2023 2022 £60,001- £70,OfrJ £70,001 - £80.OTrJ 12 T￿t10Th The charity is a wistswd CW and ts thorefore exeiTPt from ta￿￿￿. P*Je 25 W*lord Ftrs CommW￿lY & EduBthn Tnwi Nol•s to IN) Flrw*W Sl*•Thntyforth•Yg¥Endod a(+J￿ 202J Cmt AI 1 J*2022 4n.92B 1.1611•0 32J.W 4207.001 131.714 51.224 30Jun•202J 1564B9 D#pre¢￿tIon At l Jdy2021 Choryfmts Ya4.1 .91S 14.3 421MI 11161 ffj•.3S2 24.016 A30Jm2D23 19 4JJ N•tbpokv4t AIJOJW 2ts23 171730 4 241 413 ALgOJw 2ftd 2416 197Tr8 4>J•3 Watford Fc's Communlty Sports & Educatlon T￿￿t Notes to the Financial Statements fr>r the Year Ended 30 June 2023 Charfty kriden Communlty Centre Community Furni￿re and Centre equSpment Total Cosl Al 1 July 2022 AddilTh)s Disposals 4.216.387 51.224 126.60 1,152.108 5.495.103 51.224 At 30 June 2023 4267611 1 152 108 5540 951 Dèprnclatlon Al 1 July 2022 Chwge for the y 734.169 71.985 309.702 58.352 1.115,856 At 30 June 2023 82.928 368.054 1272 132 Net book val At30 June2023 784 054 4.268,819 At 30 June 2022 842.￿fi 4 379 247 14 FI￿￿ aw4¢t Inveskngnts Group 2023 2022 Loan6 31B 961 318 961 Charlty 2022 Shares in group undartakthgs Loans P￿@ 27 . Watford FC'S Community Sports & Educatlon Trust Notes to the Financial Statements for the Year Ended 30 Juno 2023 Shares In group und•rtaklnys athd prtl¢lpalln9 interests Subsidlary urjdertaklngs Total Cost Al 1 July 2022 AI 30 June 2023 Net book value AI 30 June 2023 AI 30 June 2022 Detalls of und?rtaklngs Delails ol Iho invesknents in whth the thaiity h)kls 20% or rr￿e of the nominal value of any c￿sS of shar• rawtal ore as folbw$: Country of Intorpotstlon Pmportlon of vollng rlghts Prlnclpal and sharns hèld actlvlty Und¥rtaklng Hokling 2023 2022 Sub51diary und•rtakings The hiring of communily centre facililtes Watlcyd Trusi TraSing Limite(I ErvJland 8nd Wates OTdww 11Xry• Watlord FC Woman Limited Running tttyd FC EryknrKI and IAtsbes Ontirwy 100% Warford Trust Tradlng Llmited (WTf)- Company Mumber.. 06692917 DuringthÈ yèar. wfT thaTged th8 chxnty £18.Crf)012022.' £18.0(X)) for astrotvrf pitch u￿98, £828 2022: £1.1041 foi motor vehlcle usage. £1.224 (2022 - E35.0281 foT equipment usage and £18.OCQ12022 - £18,CM)01 for astrolurf rrontenance. Indudwj in debtoTr is a balaxfj of £548.54712022.' £623.5471 due from the subs*&ary. 2023 AggTegale caphal and re8erve8 ProfitllLoss) forthe Page 28 Watford FC'S Community Sports & Edu￿￿On Trust Notes to the Flnanclal Statements for Ihe Year Ended 30 June 2023 Walfonl FC Women Limit￿ (Y*WI- Comp*)y Number. 08549712 I￿luded in deblorJ Is 8 balance of£-12022 - £3.866). 2023 40,731 15 t)gbtors Group Charlty 2022 2023 2022 Trade debto Lljg from group undertakin9S Due from participating interest Prepayments Olher Debtcrfs 131.393 100,551 101,271 571.076 98.961 6BO,163 2.819 11)0.931 62,604 65,152 419 844 276 18 C*$h and cash oqulvalents Gmup Charlty 2023 2D22 2023 2022 Cash on hand Cash at bank 980 2.527.843 2 528.823 3 rA3 437 3.043.773 2 924 101 2 735458 2 735,794 17 Crodttofs.. amounts falllng within ¢)n• year Group Ch•iity 2023 2023 2022 Trade ¢rndito Other tsx9l￿ and scKial security Owed lo rdaled parttes Other creditors 78,149 75,774 48,328 67,923 63.5 52.498 305.714 Deferrod Incorne 2023 Deferred intsjme at 1 Juty 21r22 Resources defeThed in tha wk)d Amounts rele&sed from ￿￿)￿S 235.881 165.941 Deferred inccffie at year end 165 941 isen 4 a resun of In￿n9 depending ￿ firturo ¢l￿dit￿ bwThng wthble that IW will be met. P898 29 Watford Fc's Communlty Spotts & Educatlon Trust Notes to the Financlal Statements for the Year Ended 30 June 2023 18 Provls•ons Group 2023 Sh￿t term twnwvj differe 19 Charlty status The charily is limited by guwanlee. iwxyrated in England & Wales, and consequently d￿S not hava sharè c8pi14. Ea¢h of tho IN51e85 15 liable lo crjnlributo an wnount rKrt &￿eding £Nil towards the assets of the th?rty in the of IiquKJation. 20 Funth Group 8alanc• al Incomlng 1 July 2022 resources Resources Balance at •xp•nded Translerg 30 June 2023 Unr¢strfct¢d funds Genwal General Fund Deslgn8led reserws Total unrestri¢led fund$ 2.￿kn.105 1.646.554 11.812,539) 116.340) 1.843,780 2026 105 1812 539 483.6eA) 2 343 780 Rtrstrleted funds SocTral Inclugc Health & Wdlbein9 L88ming & SkilLs Football & Sports D6vèlopmnt My Place Cedars Ctynmunlty Cerbtrn Meriden Community Centre Total restrkted funds 132.779 415.598 275,658 170.099 2.055.553 313.9T2 561.003 389.317 520.415 1260.899) (27.9811 {593,7961 (47,027) (211.0791 {259.8681 (4(M).5981 171,1281 (69,566} (186.0541 (70.6941 6.962 157.871 335.778 194,028 218,788 1.985,987 805.980 1279 107 205.368 1348.414 5255467 1885 226 Total funds 7 281571 3737518 7 321325 Watford FC'5 Comrnunlty Sports & Education Trust Notes to the Financial Statements for the Year Ended 30 June 2023 Group (prlor yoar) Bala￿ce at In¢omlng R•50urces Balanca at 1 Juty 2trL1 r¢sources ¢xpended Translers 30 June 2022 Unrestrict•d lunds General Genpral Fund 1.713.T19 1.834.159 I1,8C￿,5￿ B4,725 2.026,105 R•¥trt¢t•d funds Soclal Inchjs Health & Wellbging Learning & Skills F¢X)tb811 & Sports Devèbpmwrt My Pl8¢e Cedars Community Centre Meriden Communty Cenlre 115.632 291,759 16,034 78.336 2.141.￿3 805.536 1418 371 352.853 824.017 4*.524 .873 1285.644} 1824.634) 1229.651) (316.374) 186,350) I1￿.921) 164.50 (50.062) (75.584) (7.250) (52,736) 132,n9 415,598 275.658 170,099 2.055.553 857,360 1.348419 134.234 78,511 Totsl ￿￿tricted funds 4.867 611 2.340 660 84.725 Total fund$ 6581390 4 174819 3 474 639 7 281571 Pw31 Watlord FC'S Communlty Sports & Edu&itlon Trust Notes to the Flnanclal Statements for the Year Ended 30 June 2023 Charfty B•l•n¢e at In¢omlng Resources Balan¢è at l July 2022 resourceg expended Transfers 30 June 2023 unr￿trICted fund# General General Fvnd l)esignated reserves Total uTrrestrlcted funds 2.254.405 1,326,674 11,472.108) 116.340) 2.092.631 2 254 405 1326 674 1472 108 483 660 2.592 631 R•$trfcl¢d funds Indusion Health a Wellberng Learning & Sknlls Foolball & sp¢￿ Developmenl My Pl8¢e Cedars Corrynunty C8rtre Meriden Cornrnunity Cenlre Total restrictad funds 133.360. P60,8991 P7.981) 415.598 (S93.7￿) (47.02n 275,65B (211,0791 1259.8681 170.099 1400.5981 (71.128) 2,124,320 169.566) 857.368 205.368 1186.0541 313,ST2 561.0)3 389.317 520.415 158,452 335.778 194,028 218.788 2,054,754 805.988 1279 107 (70.694) 5324817 2090964 Total fvnds 7.579.221 3417638 7 639 526 Watford Fc's Communlty Sports & Educatlon Trust Notes to the Flnaneial Staten￿nts for the Year Ended 30 June 2023 Charity {prioryear} Balanc• at In¢omlThg Resour¢88 Balance at 1 Juty 2021 rnsour¢•s •xpended Tran$f•rs 30 Junè 2022 Unvestricted lunds Ggn•r41 Ggneral Fund 1.947,3* 1.320,574 I1.098,2￿) 84.725 2.254,405 Restrl¢ted funds Social I￿lusIon Heath & Wellbeing Learning & SkiNs Football & Sports Devel¢¥¥￿1 My Place Cedars Community &ntre MèrKlen Communrty Cenlre Totsl rnstrlcted fund¥ 116,213 291.7 16.034 78,336 2,210,670 805.544 134.234 1418 371 352,8S3 824,017 4￿.525 460.873 (285.6441 {624.6341 {229,651) (316.374) (86.￿0) (160,921) ISO,C62) (75,584) (T.2501 {52,736} 133,360 415.598 275.658 170,099 2.124,32D 857.368 1348 413 78.511 4 936 ￿7 2 340 661 5 324 818 Totsl fvnds 6 884 363 3.￿1235 7 579 221 Poge 33 Watford FC'S Community Sports & Education Trust Notes to the Financial StatBmenis for the Year Ended 30 June 2023 The purn for which the furKls aR to be appJigJ are as folknvs: Desgnaled fvnd8- ThB sen￿ Leaderslmp Team have R1er￿f￿ s•Jnfftanl areas of inveslmenl In the Trust as ￿ loc￿ to delNer Ouf r￿ strategy launching in 2024. Lessons lewnt from the par￿e have hIghI￿hted a need to embrac6 everchanping dwit81 ￿1bj and Ihwe 8re sÈverÈl system improvements that ￿ Mtyjld like to make. We al80 wish lo continue key services where curreni fundiig has gnd8d to enal￿? the delrvery Df core services to ¢ui wk1eT communty. There 15 also a desire to invest in capital vths and eqUip￿nI Wbthin (￿r bU$￿eSS arvj al ourtsvo coThwnunty facililEB lo enhance lunct￿nalrtY and Improve enbryronmental Sust￿n￿lIty. Transfers from ReStr￿ted Fun(18 during the year ended 30 June 2023 we in respect of comp￿ted proie¢t$ or represent costs thèt had ￿￿en ir￿urred from unreslricted funds. No sums are tsable to be ropard in fespecl of these am￿nIS. {il Socgal Indusion- Proi8d8 are run to opwfunities and experiences for disadv8nt8ged and hard to eng8ge y￿g people. This is done Ihn)ugh offeriro a r8n98 ol spr)rts ba$ed.yovth dwersionwy actmlies. The cljjectNes ofthe proi8cls are to tedu¢e anti-so¢ial beh￿l0￿r. youth crwne. enharKe C￿lMUnty ¢oP*swJn, erwur89¢ gwj ¢ittywMhip arKI proV￿￿e volunleering and employynenl opportunities for young people. Our flagship communty pfowme. PL is funded by th8 Premier League Charitable Fund. {iil Healthy LI￿ng- The Trust runs o nvmber of Hèalth al￿ Wubeing wopcts thal cobwa variety of are88 including suppthting thtsse Imng wlh demen118. weight loss and &tive lrfeslyle encourag￿nI. children's manlal heaNh awareness an¢J educalion. ￿lIbeing vnrksh¢Jps. r￿atsonal and sodal actmts'es for older adtslts and social prescribing servKes fLY young pecple. Core fvnders indude Ihe Prenuer League Charilablè F￿￿, L￿alAUthOr￿8s, Comlc Relef and grant giving Trusts.