Stoke City Community Ti"ust (A company limited by Guai'antee) REPORT AND FINANCIAL STATEMENTS 31 Augusl 2024 Company Regisli'alion No. 04875877 RegisteiTd Chai'ity No. 1104006
Stolce City Coinmunity Ti'ust CONTENTS TRUSTEES, ANNUAL REPORT STATEMENT or TRUSTEES. RESPONSIBILITIES IN THE PREPARATION OF FINANCIAL STATEMENTS INDF.PENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOKE CITY COMMUNITY TRUST STATEMENT OF FtNANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) BALANCE SHEET 12 STATEMENT OF CASFI FLOWS 13 ACCOUNTING POLICIES 14 NO'fTr.s 1.0 'f14E FINANCIAL STATEMENTS 17
Stol<e City Cominunity Ti"ust 'rRUS'fEES' ANNUAL REPORT RE.RENCE AND ADMNISTRATIVE. DETAILS REGISTERED CHARITY NUMBER 1104006 COMPANY REGFSTRATION NUMBER 04875877 COMPANY SECRETARY J Pelling TRUSTEESIDIRECTORS JF Coates G Mellor D Smith J Pelling C liyelumo S King J Morris (MBE) AUDITOR RSM UK Audit Ll.P Chartcred Accoiiiilants Festival Way Stoke on Trent Slaffordshire STI 5BB BANKERS BalayS Bank plc 118 Higli Street Neivcasile-under-Lyme Slaffordshii'e ST5 IPT REGISTERED OFficE bet365 sladiuin Stanley Maiiheivs Way Stoke on Trent Slaffordshire Englaiid ST4 4EG Page I
Stolce City Community Ti"ust TRUSTEES, ANNUAL REPORT Trustees, Aiiiiual Repoi't 1.he Ilepoil aiid Fiiiaiicial Slatements, Ivhich relate to the year ended 31 August 2024, are pirsented by tlie Ti'ustecs of Stoke City Community Trusl, Ivho are also Directors of the Chai'ilable Conipany for tlie purposes of cliai-ity law. Sti'uctui'e Coi'ernance and Mani4 ement Slokc Cily Coiiiiiiiii)ity '[ rLisI is a coiiipaiiy limited by guar8ntee and does not have any share capital. It is governed by Ilie Meiiiorandum and Arlicles of Association daled 18 July 2014 and became a regislei'ed chai'ily on 28 May 2004. A revieiy sysleiii is in place lo iiionitor the income, expenditure and performance of Ilie Ti'usl. Tl)is ensuiEs that appropriate iiianageinent infornialion is produced on a regiilai. basis incliiding an anniial biidgel. Tlie biidgel is appi'oved by the Trustees. who also meel regularly to considcr th¢ financial results and identify any Inaiiagemenl I'isks. Key niana8¢menl personnel Itmunernlion is delemiined by ihe Trustees. ointment of Ti'ustees 'rhe skill sel ofihc boai'd of Triislees is revieived and cojnpared to the requireinents of the chai'ity to achieve ils objectives. Wlicre there are gaps. the TrLislees seek to Inake appropriate appointments of individuals iyith the reqiiired skills and experiences by an open reeruilinenl proces Trustee iiiduction frninin All iiciii Ti'lislees itceive an induction meeting ivith the Chair of Trustees and then spend tiine ivith the charity's maiiageiiient team, observing hoiv Ilie charity's objectives can be achieved. Should any additional speoialised training be required then appropriate training arrangemenls ale in place. Ris1< iiiaija cnieiit rocess The Ti'i15tees i'evieiv the inftjor risks lo iyhich the chariiy is exposed - in particiilar. Ihose relating to Ilie operations and finai)ces - aiid are satisfied that sysleins and procedures are in place to mitigate aiiy exposure. The pi'iiicipal risk ideiitified by ihe Trustees is Safeguarding. Tl)is is managed via the Risk Framework review process. In addition, procediires have been put in place to ensiire compliance with healih and safety legislation for staff and all those Ivlio participate in the Trust's activities. A Safeguardiiig Working Gi'oiip ensLires Ilial all regulalioiis are adhered to ivith regard to contact iyith children and vulnerable adults. Interiial Controls The intei'iial conti'ol system ensures that income, expenditure and perforn)ance of the Trust is carefully monitored and is designed to provide rea50n8ble assui'ances against Inaterial rnisslatement and loss, including.. An Annual Budget approved by the TnteeS Regular consideration of finaiicial res111ts *ldentification and inanagement of risk5 The Trustee5 have given due consid¢ration to Ihe Charity Commission published guidance on the operation of the Public Benefit requirement. Page 2
Stolce City Community Ti"ust TRUSI"EES' ANNUAL REPORI- Ob'cctives and Activitie5 Stoke City Coiiiiiiiinity 'l'rust's obj¢¢liv¢s are to promote any charitable puiyose for Ihe general benefit or the comIiiunity and iii particulai- Ihosc living aiid ivorking across North Staffoi'dshire, South Chesliiie and the surrounding areas. The Tnist iises ihe power and passion associated ivith lh¢ football cliib to make a positive difference lo the health, iyellbeing and life outcomes of participants who engage in ils progi'amjiies and cui'i'ent aclivilies. All sessions provide a platforjn to reduce barriers lo participation iyhilst promoting equality, divei'sily ai)d inclusion ivithiii the coniinunity. The Trust's projects aim lo tackle social issues including ni¢nlal health, lioJi)elessi)ess. poverty and eiivii'oninenlal. 11 also s¢eks. to siippoil people via sports provisioii, competitions, general ivcllbciiig activities, Iveight Iiianageiiieiit, iyork i'eady & einploymeiit sessions aiid coniniiinily based divcrsionaiy activities, as ivell as targeted inlervenlions including mcnloring. poor school behaviour, ci'iiiiijial exploilalion, bereaveinenl aiid Ii'aunia. 'I'he 'frLisI believe5 that Tts influeiice and reach ivill allow people to make a positive difference lo Ihcii. liealth. Ivellbeing and life outconies. The Truslees have considered the Charity Coniiiiission's guid&n¢e on public bcn¢fil, in tli¢ int¢r¢sls of social Ivelfai'c aiid life iniproveinenl, aiid consider its Inain activities to furtliei. this ale the provisioii of spoitiiig oppoituiiiti¢s to sucli p¢rsons iyho hav¢ necd for thein. iyiihoul discrimiiialion. Acliievenients anil PeJ'foi'niAn¢e The Trust's Inain acl)icvcineiils al'e based upon ils people, partnership5 and ils iiiipacl. Ils pei-foriiiaiice is based upoii ils ability lo conlinue lo deliver high quality services and intervcnlions lo Ihc comiiiiiiiili¢s of Norih Slaffordshire, Iviili the aiii1s of lielping people realise their polcnlial, infliici)ciiig positiv¢ cliange and providiiig suppoi'l to those in need. Dellvei'ed Servlces Thi'ougylioiil the year Ihe Trust delivered a variety of interveiilions and services that included: Stoke Memories (Denienlia Progranime) Walking Football Active Potlei-s A Game of Tivo Halves Talk Suicide Potters Deinentia Wellbeing Group (Weekly Meet) Long Covid Mcnlal Wcllbeing (Schools) Chair based exercise sessions Muins, Football Active Through Fooiball Project Aiming High Aclivilies Ability Counts Multiply Contract Adultlyoung Carers Contract Sli'oke Well-Being & Rehab Pan-Disability (Project Indi) Stt'oke Social- Weekly Session Preniier League Primary Slars Pi'eniier League Inspires Youth Employment and Skills (YES) Fund Traineeships Page 3
Stolce City Cominunity Ti"ust TRUSTEES, ANNUAL IIEPOIIT Ael)ic)reJiieJits Pci'foi'maiice coiitinucd Post 16 fooiball & Educalioii Academy The Foiindalion Degree in Cominiinity Football C08ching and D¢velopni¢nt Atming High Preiiiier League Kicks PL Chaiige iiiakers Holiday & Food (HAF) Resilieiice, Ideiilily and Self Esteem (RISE) Safei. Streets SPACE Soccei. Schools Inlci'nalional Soccer Schools Regional Talent Club (Girls) Wildcats (Girls} Squad Io01ball (Girls) Advanccd I rainiilg & Developiiienl Centr¢ Asyluiji Seeker- Refugee Football Prograiiime By successfully delivering the above aclivilies. the Trust has benefited Ihe Community and in particular for those living and workiiig across North Siaffordshire, South Cheshire and the surrouiiding areas. T111£ You foi. Youi. Su Wliilsl dcijeiideiil iipoii the contiiiuing p8rtTi¢rship and siipport of Stoke City Football Club aiid Ilie bet365 Gi'oiip, Stoke City Coiiimunity Tnisl also relies heavily on ihe siippoil of Inany parlners and oi'ganisalions in ol'der lo conlinue to develop its Ihrcc pi'iority areas. The TrLisI's principal pAi1nei's are the Prcinier Leagiie Chai'ilablc Fiii)d, Ilie Preniier Lcague, Professional Fooiballers, Association, the Ei)glisl) Fooiball League, English foolball Leagu¢ Trust, Starrordshire County Council, Staflordshire Police Fire and Criii)e Comini5sion¢i', City of Stoke-on Trent Council and the Staffordshir¢ Foolball Associalion. The Boai'd of TrLlStees is indebted once again to all those iyho have made a significant contribution to tlie Trust's pi'ogress over tlie past 12 Inonths, and Iliey look forivord to iyorking iyiih those and new partnei's agaiti ii) 2024ll5. The TrLislees iyoiild like to thank the staff in the Community Trust for their dedication and l)ard iyork tlii'oughout another success1 period. Fiiiancinl Revieiv Detail of incom¢ and expenditure is provided in the Noles to the Financial Slatements and is suinniarised b¢loiv: Dcsci'i lion Resli'icted Income". Unreslricled Income: Totnl Income: TotAI Resoui'ce8 Expended.. Resti'icted Reserves.. Uni'eslricted Reserves: Total Resei've5; 2024 1.269 793 2,062 2,017 150 £'ooo 2023 754 ,005 1,759 1,677 228 1,041 1,269 £'ooo 1,314 Page 4
Stolce City Coininunity Tiust 'rRUS'I'LES' ANNUAL RL,PORI' FInncIal Revieiv Continue(I Tlic Ti'uslccs liavc cxaiiiincd the charity's requiirnients for reserves in the light of the n)ain risks lo the oi'ganisalion. It has established a policy iyhereby unreslricted funds, Iiol comniitled oi. invested in tangible fixed assets held by the charity (iyhicli equal free reserves). sliould be no less Ilian 12 inoy)ths of tlie Lini'esh'icted staff eTiiploynieiil expeiidillire of Ihe cliarity. free reserves al 31 Aiigust 2024 ivcre £l,164k (2023: £1,041 k)- These free reserves repres¢nt 16 iiionths of uiireslricled staff eniployinent cosls. li) Ihe currei)t econoinic cliinale ihe Tnislees consider li plde1]l lo keep Ilie free reserves al this level but will review the policy should there be a strong commercial or operational reason to do so. Slalenient as to (lisclosiii'e of infoi'ii)Atioii to Aii(litors 1'he 'frLislees present on the dale of approval of Ih¢sc financial slaleiiienls have coiifii'iiied, as fai. a5 Iliey are aivai'c, that Ilierc is no relevant audit iiiforniation of which Ilie auditors are unaiyai'e. Each li'uslec has confirined that they l)ave taken all steps Ihat they ought lo liave taken Rs triistees in order to niake Iheinselves aware of any relevant audit infornialion and lo establish Ilial it has been commiinicated to the aiiditor. Aiidilor RSM UK Audit LLP. CharteiEd Accounlanls. weie appointed auditors by the coinpany at 28 Septeniber 201 O. Pui'siiaiit to section 489 of the Companies Act 2006. a resolution lo reappoint the audilois ivill be pi'oposed al the next Trusle¢5' meetiiig. "rhis report has been prepared in accordance ivith the provisions applicable to conipanies eiititled lo Ille small conipanies, exemption. Approved by the tru51ee5 and signed on their behalf by: Joliii CoRtes Director and Trustee Date: 25 April 2025 Page 5
Stolce City Coinmunity Trust STATEMEN'r or"I"RUS"fEES' RESPONSIBILITIES IN THE PREPARATION OF 14INANCIAI. STATEMENTS The Ti'uslees (iylio are also the directors of Stoke City Coniiiiunity Trust (a coimpany liniiled by giiai'aiilee foi. the purposes of conipany laiv)) are responsible for preparing Ihc Tnislees, Report and tl)e fiiiaiicial slateiiieiils in accordaiice ivith applicable laiv and Uiiiled Kingdoiii Accounting Staiidards (United Kingdoin Genei'ally Accepted Accounling Practice). Coinpany laiv reqiiircs the Triistees to prepare financial statemenls for each financial period ivhich give true aiid fail- vieiv of Ilie stale of affairs of ihe charitable conipany, of Ihe incoi)iing I'esoiii'ces and applicalion of rcsoui'ces. including tlie inconie aiid expenditure of the chai'ilable coinpany, for Illal period. Iii prepai'ing these financial slatein¢nts. the Trustees are required to: select suitablc accounting policies and then apply them cons5Stently: observe the metliods and principles in the Charities SORP; mak¢ jiidgcmenls and estimates that are reasonable and prudent: slat¢ iyhelher applicable UK Accounliiig Standards have been folloived. subject to any niaterial departLires disclosed and explained in the financial statejnents, and prepare the financial statements on the going concem basis unless it is inappropriate to presunie that the cliarity ivill coiiliniie in biisiness. The Ti'uslees ale I'esp0115ible for keeping proper accounting recoi'ds Ihal disclose ivilh ieasonable acciii'acy at any liiiie tlie finuiicial position of the cliaritable coinpany and lable Iheiii to ensure thai Ilie fiiiancial stateiiieiits ¢oniply ivith the Coiiipanies Ael 2006. 1.liey are also responsible for safegiiarding the assets of the charitable company and heiice for taking reasonable sleps for the prevenlion and detection of fraud and otlier irregularities. Page 6
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOKE CITY COMMUNITY TRUST Opinion We have audited the fiiiancial slateinejits of Stoke Ciiy Comn)ui)iiy I rust (Ihe 'chai'ilable coi)Ipany') for Ilie year ended 31 August 2024 ivhicli conipi'ise the Staleinenl of financial Aclivilies (including the Suiiiiiiai'y Incoi)ie aiid Expcndilure Account), the Balance Slieet, the Statement of Cash I101Y$ and i)oles to the fiiiancial slaleinents, including significant accounling policies. Tlie financial reporting frameivork that has been applied in Ilieii. pirparation is applicable laiv and Ui)ilcd Kingdom Accoiinting Standai'ds, iiicluding FRS 102 "Tlie Financial RepoiliTJg Standard applicable in the UK and Republic of Ir¢land" (United Kiiigdom Generally Accepted Accouiiling Practice). lil oui. opinion the financial slatemcnts: give a trLie and fail. vi¢w of the state of the charitable conipany's affairs As at 31 Augusl 2024 and of ils incoming sourCeS and applicalion of r¢souw¢s, incliiding ils ii)come and expendiluie, for the year then ended. have becn properly piepared in accordance ivith United Kingdoni Generally Accepted Accounlii)g Practice ' and have been prepared in accordance iyitl) the r¢quirements ofthe Conipanies Act 2006. BA515 foi. opinion We coJ)ducted our audit in accordance ivith Inlemalional Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our r¢sponsibilitics under tliose standards are furthei. described iii the Aiidilor, I'esponsibililics for tlie audit of tlie financial stateinents section of our ieporl. We al'e independenl of Ilie cl)ai'ilable coiiipaiiy in accordancc ivilh Ilie cihical rcquireiiieiils 1113t ar¢ relevaiit lo oiir audit of Il)c finAnctal statements in the UK, including the FRC'S Eihical Siandard and ive Iiave fulfilled oui. ollier ethical I'csponsibililies in accoi'daiice iviih these requireinenls. We believe that the aiidit evidence we have obtaiiied is sufficient and applp1'1at¢ lo provid¢ a b85is for our opinion. Conelusloiis i'elfitlng to going concei'n In 4udiling the financial slaleiiieiils, Ive have concluded that the Iruslees, use of Ihe going eoncem basis of accounting in lh¢ preparation of Ihe financial stateinents is appropriate. Based on Ilie ivork we have perfornied. ive have not id¢nlified any material uncertainlies relating lo events oi. conditions that, individually or collectively. may cast significant doiibt on the charitable coii)paiiy's ability to conliiiiie as a going concern for a period of at least hyelve months from when Ihe financial statements are aulhoi'ised for issue, Our responsibililies and the responsibilities of the trustees with respect to going concern are described in the relevaiit seclions of this report. Olli¢i' inforinAtion The oilier iiifornialion comprises the informalion included in the Trustees, Annual Report other than the rinancial slaleinenls and oiir audilor's report thereon. The liSleeS are responsible foi. the othei. infoi'inatioii contained ivithiii the Trustees, Annual Report. Our opinion on the financial statements does not cover tlie olhei. inforniation and, except lo the exlent otherwise explicitly slated in our report, we do not express any forin of assurance conclusion thereon. Our i'esponsibilily is to read the other inforination and, in doing so, consider ivhether the other infoi'malion is materially inconsistent with the financial slatenients or oui. knowledge obtained in the coutse of tl)e audit or olherivise appears to be malerially misstated. If ive idenlify such inaterial incoiisistencies or appaient material misstalenients, we are required to detem]ine ivheiher this gives rise to a niatcrial IMiss18teineiil in the financial statements theinselves. If, based on the ivork ive have perfomied. Ive conclude that tl)ere is material misstatement of Ihis other information, Ive are required to report that fact. Page 7
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SI'OKE CITY COMMUNITY TRUST We have nolhing lo r¢poil in this rogard. Opiiiions on other n)R¢lers pi'eseribed by the Conipanies Act 2006 Iii oiii. opinioli, based 01) the iyork iindertakeii in Ilie course of the audit.. the inforniation given in the Trustees, Report, Ivhich includes the Directors. Report prepared for the purposes of coinpany laiv, foi- the financial year for ivhich thc financial stateiiieiils ale prepared is consistent ivilh tlie financi81 slat¢ments: and the Direclois, Reporl included iyilhin the Truslees, Report has been prepared in accordance ivilh applicable leg41 requirern¢nt5 . Matte1% on iyliich we Al'e required to report by exception In the light of the knoivledge and underslanding of Ilie chnrilable company and its environment obtained in Il)c coui'se of tlie audit. ive liave not idei)tified material Jnisstat¢in¢nts in the Directors. Ilepoi# includcd Iviihin the I'ruslees, Report. We have nothing lo report in respect of the folloiving mallers iyhere the Companies Act 2006 requires us lo repoil to you if, in our opinion.. adeqiial¢ accouiiling records have not been kepi, or i'etums adequate for our audil have not been received from branches not visited by us. or the financial stat¢nients are not in agreement ivilh the accounting recoi'ds and relums; or cei'lain disclosuies of tyustees. remuneration specified by laiy are nol Inade" or lye have not received all the infomiation and explanations ive require for oiir audit. or the Ti'iistees ivere not entitled to prepare the financial slaleinenls in accoi'dance ivitli the siiiall coinpanies, regiiiie and take advantage of the sn)all companies exemption froin tlie iequii'enieiit to pi'epare a Sli'alegic Report or in prepariiig Ilie Truslces, Rcport. Re5poiisibilities of ti'ustees As cxplained inore fully in the Staleinenl of Trustees, responsibilities scl oiil oil page 6. the Ii'u51ees (Ivlio are also the dii'eclors of tlie charitable con)pany for the purposcs of coi))paiiy laiy) are respoiisible foi. tlie prepai'alion of Ilie financial slaleiiients and for being satisfied that Iliey give a Inie and fail. viciv, and for siicli interiial conli'ol as the Iruslees deterinine is necessary lo enable 11)e preparation of financial slateinenls that are fi'ee fiDin iiiatei-ial Inisslatement, whether due to fraud or error. In prepai'ing the financial slatemenls, the trustees #re responsible for assessing the charitable coinpany's ability to continue as a goiiig coneei'n. disclosin& as applicable, matters relaled lo going concern and using the going concern basis of a¢¢ounting unless th¢ trustees either intend lo liquidate the charitable company oi. to cease operations, or have no r¢altslic allernalive bul to do so. Aullitor's responsibililies for Ilie audil of tlie financial 5fatements Our objectives al'e lo obtain reasonable assuraiice about ivhelher the financi81 slatemenls as a iyhole air free from Inaterial mtsstatement, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is 8 high level of assurance, bul is iiot a guarantee that ali audit conducted ill accoi'dan¢¢ ivith ISAS (UK) will always detect a material misslateiiient when it exist5. Misslateiiienls can ai'ise from fraud or e01. and are considered material if, individually or in the aggregate, Iliey coiild reasonably be expected to influence the economic decisions of users taken on the basis of these finaiicial statements. Page 8
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOKE CITY COMMUNITY TRUST Tlic exteiit to which the audit lyS consid¢i'ed capable of deteeling ii'regulai'ilies, including fi'aud Iriegiilai'ilies are inslances of non-compliance with laivs and regulations. The objectives of our audil are lo oblaii) sufficient appropriate audit evidence regarding compliance with laivs and regulalions Il)ai have a dii'ect effect on Ilie detci'iiiinalion of iiialerial ainoiints and disclosures in the financial slalcmenls, to perfoi'ni aiidit pi'ocedures lo lielp identify instances of non-coinpliance iviil) other laivs and reEiilalions tl)at iiiay hav¢ a iiial¢rial effect on the financial stalemenls, and to respond appi-opi-iately to id¢nlified oi. suspected non-coiiipliance ivilh laiys and i-egLilalions ideiitified diiriiig the audit. In I'elalioii to fi'aiid, the objectives of our audit are to identify and assess the risk of nialerial Inisslatement of Ihe finaiicial staleiiients due to fraud, to obtain sufficient appropriate aiidil evideiice iegardiiig the assessed I'isks of Iiiaterial niisslatenienl due lo fraud tl)rouEh designing and iiiipleinenling appi'opriate responses and to respond appropriately to fraud or suspected fraud identified dui-iiig Ilie audit. Holvcver, il is the pi'iiiiary respoiisibilily of niaiiagenient, willi Ihe oversi81)t of Ihos¢ chai'ged ivith governance, lo eiisui'e tliat Il)e cnlily's opeialioiis air coiiduct¢d in accordaiice iyiili the pi'ovisions of laivs and I'cgiilalions and foi. the prevention and deteclion of fraud. In identifyiiig and assessing risks of n)aterial misstalemenl in respect of irregularities, including fraud, the audit engagenienl team: obtaiiied an iindcrslanding of the nature of the scctor, including the legal and irgiilatoiy fraineworks that tli¢ cl)ai'ilablc coinpany operates in aiid holy the charilablc conipany is coinplying ii'itli th¢ legal and I'egulatory frameivorks; inquired of management. and ihose charged iyiih govemance. about Ilieir oivn identification and a5s¢ssinent of the risks of irrcgularities. including any known actiial, suspected oi. alleged instanc¢5 of fi'aiid; disc115sed matters about non-compliance with laivs and regiilalions and hoii, fraiid might o¢cui' iiicluding assessmeiil of hoiv and iyliere the financiAI slateni¢iils Inay be susceptible lo fraud. As a resiili of these procedures ive consider the niost significant laivs and regulations tl)at have a dii'ect impact on the financial slalenienls are FRS 102. Cliarilies SORP (fRS 102). Coinpanies Acl 2006, Charities Act 201 I, Ilie chai'ilable coiiipany's goveriiing docuincnl, lax leEislalioii and Cli81'ilies (Pi'oleclion and Social liiveslment) Act 2016. We perfoi'med aiidil procedLircs to delecl iioii-coinpliaiices ivliicli tnay have a iiiat¢rial inipacl on Ilie finaiicial staleiiieiils ivhicli included r¢vieiving the finaiicial slatemenls incliiding Ihc Ti'iislees. Repoil and Iri)iaining alert lo neiv or unusual transactions ivhich Inay not be in accordance iviih tlie governing documents. The niost significant laws and i'egulations that have an indirecl inipaet on the financial slatciiienls are those in relation lo Safeguarding and14eallh and Safety- We pei'forined audit proccduies to inquii'e of nianagenient and tliose charged with governance ivhcther Ihe charitable company is in coi))pliai)ce iyilh these laiy and i'eglilations and inspected correspondence iyiih regulatory authorities. The audit engageinenl team identified the risk of managenient override of controls as the area ivhci'e the rinancial slalenienls were Jnost susceptible to material misslaleinenl du¢ lo fraud. Audtt procedures performed incliided but ivere not limited to testing manual joiimal entries and other adjustnients, evalualiT]g the biisiness rationale in relation lo signiftcant. unusual transactions and transactions entered into outside the normal course of business and challenging judgnients and estiinates niade by manageiiient. A fiii'iher description of our responsibililies foi-the audit of the financial statejnenls is localed on the Fiiiancial Reporting Council's ivebsite at htlp:Iliviviv.fro.org.uklaudilorsresponsibilities. This description forins pait of oui- aiiditor's report. Pnge 9
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOKE CITY COMMUNITY TRUST Use of our J'epoi't This repoi1 is niade solely to Ihe charitable company's members, as a body, in accordance ivtth Chapter 3 of Parl 16 of Ilie Coinpanies Act 2006. Our audit iyork has been undertaken so Ihal ive iiiight slate to the cliai'ilable company's nienibcrs those matters we are required to state to tliem in an auditor's repoil and foi. no other piii'pose. To the fullest extent perii)itted by laiv, il'e do not accept 01- assuine responsibility to anyoiie othei. tlian the cliai'ilable coiiipany and ihe cliarilable coinpany's iiiembers as a bodyg foi- oui- audit iyork, foi- Ihis report. or foi. Ilie opiiiions ive liave foriiied. Sp6t766r-6ray ANNA SPENCER-GRAY (Senior Slalutory Auditor) Foi. and on behalf of RSM UK AUDIT LLP, Slalutory Auditor Chai'lered Accountants reslival Way Stoke oli Titnt Staffoi'dshire STI 5BB Date: 08105125 Page 10
Stolce City Coinmunity Trust STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) foi. Ihe eai. eiided 31 Au list 2024 Note Ujiiysti'icleil Resti'ieleil fiia415 TotAI Toial fviids 2023 2024 INCOME Donalions and legacies Cliai'itabl¢ acliirilics Other Ii?diiig aclivilies Invesitncnl in¢omc 192,171 948,334 77,972 50,580 192,171 1,741,629 77,972 50,580 50.000 ,612,335 60,201 36.625 793,295 TO'fAL INCOML 1,269,057 793,295 2,062,352 ,759.161 LXI>ENDI'I'URE ChHril#blc aclivilie5 3 (1.146,543) (870,324) (2,016,867) (1,676,561) NET tNCOME BEFQRE TRANSFF.RS 122,514 (77,029) 82,600 TRANSFERS BFTWEEN FUNDS NET INCOME 122.514 {77.029) 45,485 82,600 RecoiKillalioii offiiiKIs 'loial fiinds broughi forivard 11112 1,041,032 227,485 1,268,517 ,185,917 TOI'AI. FUNI)S CARRIF.D foRWARD 11112 ,163,546 150,456 1,314,002 ,268,517 All incoine and expenditiire derive fiDm conliniiing activities. The stateinent of financial activilies includes all gains and losses reeognised in ihe year. Page 11
Stolce City Cominunity Ti"ust BALANCI.1 SHEET ,It31 Au list 2024 Note 2024 2023 FIXED ASSETS Taiigible assets CURRENT ASSETS Debioi's due iviihin the year Casli at bank and in hand 217,253 1,304,857 273,689 ,163,547 TOTAL CURRENT ASSETS 1,522,110 1,437,236 CIIEDITOIIS.. Amounts falling due within onc year (208,108) (168,719) NET CURRENT ASSETS 1,314,002 .268,517 NET ASSETS 1,314,002 1.268,517 THE FUNDS OFTHE CHAIUTY Unreslricled fiiiids Restricted funds 1,163,546 150,456 ,041,032 227,485 TOTAL CHARITY FUNDS 12 1,314,002 1,268,517 These financial statenients are prepared in accordance ivilh Ihe provisions applicable to companies subject to tlie sinall ¢oiiipanies' reginie. The financial statements on pages I I to 23 iyere approved by the board of trustees and authorised foi. issue on 25 April 2025 and ivere signed on ils behalf by.. Jolin Coate5 Dii'eclor aiid 'l'rustee Company Registralioii No. 04875877 Registered Charity No.1104006 Page 12
Stolce City Community Ti"ust STAI"EMENT OF CASH FLOWS foi. tlie Cal" ended 31 Au list 2024 Note 2024 2023 NET CASH PROVIDED BY OPERAI'ING ACTIVITIES 10 90,730 (42,962) CASH FLOWS FROM INVESTING ACTIVITIES Inveslmeiit income 50,580 36,625 Net cash used iii investing activities 50,580 36.625 CHANGE IN CASH AND CASH EQUIVALENTS IN T14E PERIOD 141,310 (6,337) Cash and cash equivalent al the b¢8inning of the yeai. 1,163,547 1,169,884 Total cash and cash equivalent at the end of the year 1,304,857 1,163,547 Represented by. Cash at bank ,304,857 1,163,547 Page 13
Stolce City Community Trust ACCOUNTING POLICIES at31 Ali yiist 2024 TRUST INfoRMATION Stoke City Coiiiiiiiinily Trust is an incorpornted charitable Trust (Cliarity nuiiiber 1104006) lii)iited by guarantee iegistered in England (coimpany nuiiiber 04875877)- The Tivsl's address is bet365 Stadiuin, Stanley Mattheivs Way. Stoke on Trent, Slaffordsliire, England ST4 4EG. The folloiyiiig accounting policies have been applied consistently in dealing with items which are considered n)at¢rial in relation lo the charity's financial statements. BASIS OF PREPARATION The financial statenients have been prepared in accordance with Accounting and Rcpoiting by Chai'ities: Stateiiienl of Reconiinended Practice applicable to cliarilies prepai'ing their accounts in accoi'daiice with Ilie Financial Reporting Slaiidard applicable in the UK and Rcpublic of Ireland (FRS 102) (effective l January 2018) (Cliai'ilies SORP (fRS 102)), the Tr inancial Repoiling Slaiidard applicable in Ilic UK aiid Rcpublic of Irelaiid (fRS 102) and the Companies Act 2006. Stoke City Coniinunity TTUSt meet5 the definition of a public benefit entity under FRS 102. Assets and liabi lilies are initially r¢cogniscd al historical cost or transaction valiie unless ollieiiyise stated in11)e relevanl accountii)g policy notes. The f)nancial staleiiienls are prepared in sterling ivhich is the functional cui'itncy of the Triist. Monetary ainounts in Ihese fInancial staleinenls are rounded io the nearest £. GOING CONCERN As is norniRI for all cliarilies, Ihe charity is dependent upon ii)come slreanis such as granl moiiies ivhich ii)ay not i'eoccur. Tlie Ti'iislees have rcvieived Ilie fii)ai)cial foiecasls and believc Ihere are adeqiiale resoui'ces ivhich ivill enable Ilic Irusl to Ineel its liabililies foi. al least one ycar fioii) Ilic dale tl)e fiiiancial slatcments are signed. For Iliis reason, Ilie Trustees have adopied the going concern basis in prepariiig Ilie rinancial slatenients. INCOME RECOGNITION Tlie values of all r¢soui'cas accruing lo the charilable company are reeorded in lh¢ Slatenienl of Financial Activities as soon as it is legally enliiled to the incoine and the aniounl can bc quanlified wilh reasonable accuracy. Tliis is dendent on an acliial receipt or enforceable ri8hl lo reccipl. a rcasonable certainty of Itceipt and iyhclher the Inonelary value can be SU1clentIY and r¢liably measuiEd. Where lerI)Js and condilioiis I'elaling to iiicoine have not been niel or unccilainly exists as lo wlieiher Ilie charity can Ineel any tei'iiis or coiiditioiis oilieiivise williin its control, income is not recognised but is defeffed as a liability until it is probable that tlie teiThs or condilions imposed can be met. Any grant that is subject to perforniance-related conditions received in advance of delivering the seiyices I'eqiiiied by that condition or is subject to unmet conditions Ivholly outside the contr()l of the I'e¢ipienl chai'ity. is accoiinled for as a liability and showi on the balance sheet as defciTed incomc. Deferred income is released lo incoine iii the reporting period in ivhicli thc perfonnancc-relalcd or other conditions Il)at liinil Ircogiiilion are met. Wliere time related conditions are imposed or implied by a funder, then the income is 8PPOrtioned to the time periods conceined and, Ivhere applicable, 15 accoiinled for as a liability aiid sliown on the balance sheet as deferred income. When grants are received in advance of th¢ expeiiditur¢ on the activity funded by Iheiii, but Ihere are no specifi¢ lime related condiltons, then th¢ income is not dcferred. Page 14
StoIce City Coinmunity Trust ACCOUNTtNG POLICIES at31 Ali list 2024 EXPENDITURE RECOGNITION All expeiidilure is accounted for on an accnials basis aiml includes attributable VAT wliich cannot be recovei'ed. Expendiliire has been classified under the appropriale heading bul iyhere costs cannot be directly allribiiled lo partiCLilai' headings (511PPOrt cosls)- they have been allocated lo activities on a basis c01151Stent ivilh the use of the resouires. Support costs comprise all servic&% supplied centrally, and incliide oifice stalT and oveithead expenses. Governance costs are those costs associated iyilh the governance arranganents of the charity ivhich ielate to its geiiei'al iiinning. Tliese incliide audit, insurance costs. and legal advice for tTUStees and costs associated ivilli constilulional aiid stalulory requiieinenls such as the costs of livstee meelings and preparin8 the statuloiy rinancial stalcnienls, plus a share of support costs. All cosls are allocated behveeii the expenditure calegoi'ies of the slaleiiieiil of finaTicial activities oil a basis dcsigiied lo reflccl the use of the resourcc. Costs irlaling lo a particular activity are allocalcd dii'cctly. DONA'fb.D SF.IIVICES AND GIFrs tN KIND Thc valLi¢ of donated sei'vices and gifts in kind provlded lo the charity by Sloke City Football CILib are disclosed ai illeir open niarkel value ii) Ilie period in ivl)icli they are receivable iyhere the benefit lo tlie chai'ily can be reliably Iiieasured and are reported in the related party nole to the financial slatejnents. TANGIBLE FIXED ASSETS Tangible fixed assets al'e capilalised al cosl and capital expendilure over a value of £500 is capilalised. Depreciation is provided Ht tlie folloiving aniiual rates to ivrite off Ihe cost, less the eslimaled residual value of the assels, over Iheii. expected iiseful ecoiioiiitc lives as folloivs: Motor vchicle5 01CC cqiiipment Plant and iiiachin¢ry 250/0 Strdight line 200/0 slrdighl line 33.30/0 slraiglil line A full year of depreciation is charged in Ihe period of acquisition ond none in the pei'iod of disposal. ruND STRUCTURE Uiii esli'icledfifiids General futids ale unresh'icled funds 4vailable to the charity for us¢ at the discietion of the liSteeS in fiirtherance of the general charitable objectives of the charily and which have not been designalcd foi. other purposes. Resli'icledfiiiids Restricted funds are subject lo reslriclions imposed by the donor or by th¢ specific ternis of the appeal under which funds are raised. The restrictions are binding upon the charily. ruND TRANSFER POLICY At each yeai. end it is the pi'aclice of th¢ Trust to r¢vieiY all fund balanc¢s and to ideiilify the resti'icted projects that have ended in that financial year. It is Ihe policy of the Trusl that any restricted fund overspends ivill be transferred froni the unresti'ieted (general) reserve. If Iliere are any i'estricted fund underspends on ceased projects then tlie related fuiid conti'act is referred to. If the contract slates that any sucli siirplus shoiild be returned then the funder is contacted. infoTJiied of the surplus balance and Iheir insli'uclion is adhered to. If howevei. the contract does not slipLilale that surplus funds Should be returiied and the leading of the contract pei-lnits the surplus to be k¢pt thcn the surplus is transferred to the unrestricted (general) reserve. Page 15
Stolce City Community Ti'ust ACCOUNTING POLICILS at31 Ali list 2024 TAXATION As a i-egisteird chai'ity the Triist is exeiiipi froin lax on incon)e and gaii)s falling ivill)in Part I l of Ilie Corpoi'alion Taxcs Act 2010 or Section 252 of the Taxation of CliaiBeable Gains Acl 1992 to Ilie cxtenl Iliat tliese al'e applied to Ilie5e charitable objecls. FtNANCIAL INSTRUMENTS Tlie Ti'iist only has fiiiancial assets and financial liabilitics of a kind that qualify as basic financial insti'umenls. Basic financial instruments initially recognised at transaction value and subsequently measured at their seltlenienl valu¢. Debioi's Ti'ade aiid oiliei. debtors are recognised at th¢ settlenient ainouni due after any trade discount offeied. Prepayments are valued at Ilie ainount prepaid nel of any trade discoui)Is due. Casli cli bciiik Iiii<l iii liaiid Cash al bank and casli in hand iiicludes casli and sho11 tcrin highly liquid ii)vcsliiieiils iviili a shoil malurity of tl)I'ee i?)onllis oi. less froiii Ilie date of acquisilion oi. openiiig of thc dcposit or siiiiilai- accounl. Ci eclilni's ciiidpi'oiiisiuiis CIEditor8 arid provisions are recognised where the charity has a present obligation resulting froin a past event that ivill pi'obably irsull in the Ii?iisfer of funds to a Il)ird party aiid ihe amoiint due lo sellle Ihe obligation can be nieasiiied or ¢sliiiialed reliably. Creditors and provisions are norn1811y reeognised al their settlen)ent aniounl after allowing for any trade discounts due. CRITICAL ACCOUNTING ESTIMATES ANDAREAS or JUDGEMENT Esliiiiales and jiidgeiiients are continually evaluated and are based on liislorical expei'ience and other factoi3, including expeclations of future events that are believed to be reasonable under the circuinstances. Crilicnl accoiiiiliiig esliipiales aiid aSSiiiiiPiioi The Cliarily iiiakes esliiiiales and assiimptions concerning the futLlI'e. Tlie resulting accoiiiiling csliiiiales aiid assLiiiiplioi?s will, by definition, seldoiii equal the rclaled actual resulls. Thc Trust do not coiisidcr tliere lo be aiiy esliniales and assiii)IPlions Ilial have a significaiit risk of causing a iiialcrial adjiislinenl to Ilie cariying amoiints of assets and liabilities ivilhin Ihe next financial year. Page 16
Stoke City Coinmunity Ti'ust NOTES TO THE FINANCIAL STATEMENTS at31 Ali list 2024 INCOME: DONATIONS AND LEGACIES Unresli'icted 2024 Unresti'icted 2023 Donations 192,171 50,000 Income froni donations in the year include donations tolalling £104,000 froin the Stoke City Lotteries folloiving their closur¢ on 31 October 2023 (2023: £Nil). INCOMC: CHARITABLE ACTIVITIES Unrestricted fuiids Resli-icled runds Total 2024 Total 2023 Spoils Parlicipalioii EdLicalioii & Lifelong Learning Core cost support 863,014 549,766 243,529 1,412,780 243,529 85,320 1,300,283 221,552 90.500 85.320 948,334 793,295 1,741,629 1,612,335 £753,704 of income ivas atlribuicd to restricted funds in 2023. Other trading and investment incoine ivere unreslricted in 2023. RESOURCES EXPENDED: CHARITABLE ACTIVITIES Direct costs Support costs Total 2024 Total 2023 Spoils Participalioii Education & Lifelong Col-e siipport costs Governance costs ,573,581 282,488 1,573,581 282,488 143,787 17,011 1,328,594 204,763 124,591 18,613 143.787 17,011 1.856,069 160,798 2,016,867 1,676,561 £700,271 of chai'ilable activities costs iyere attributable to restricted funds in 2023. Page 17
Stolce City Cominunity Trust NOTES TO THE FINANCIAL STATEMENTS at31Au list 2024 RESOURCES EXPENDED: CHARITABLE ACTIVITIES (continued) Siipporf cosls allocalioii The chai'ity allocates ils support costs to general activities unless it is appropriat¢ to allocate Ih¢ni beliyeen the other charitable activities undeilaken. The chai'ilablc aclivilies are as listcd above. Siipport cosls are allocated on a basis consistent ivith the use of resources as explained above beloiv: Core support 2024 Core support 2023 Consultant fees Salai'ies and social security costs Pensions Medical cosls Travelling and subsistence Baiik chai'ges Motoi. expcnse5 Other expenses Recharge 26,220 80,732 3.465 2,721 6,612 722 4,231 70,549 (55,696) 26,100 95,656 3,987 2,645 2,101 657 2,428 44,781 (53.764) 139,556 124.591 b) Goiiei'naiKe cosls Unre5tYieled 2024 Unr¢sti'icled 2023 Professtonal fees 17,011 18,613 NE'I" INCOMING RESOURCES FOR THE PERIOD Net iiiconiing r¢sources for the period is stated after charging: 2024 2023 Auditor's remuneration 17,011 18,613 Page 18
Stol<e City Coininunity Trust NOTES"I'O'I"FIE fiNANCIAL STATEMENTS at31 Ali ust 2024 STAfF NUMBERS, COSTS AND KEY MANAGEMENT REMUNERATION The average number of persons employed (excluding hSteeS) during the year was 51 (2023: 53). Jn addilion to the above. the charity employed an average of 32 casiial slaff during tlie yeai. (2023: 31). No ¢moluiii¢nts or experlses ivere paid during Ihe year to trustees (2023: £nil). Details of eniployee costs are as folloiys: 2024 2023 Wages and salaries Social seciirily cosls Pension costs 1,389.382 115,948 55,623 .176,299 98,691 48,883 ,560,953 1,323,873 The nliniber of higher paid employees was: 2024 2023 In the band £70,000 - £79,999 Stoke Cily Football Club runs a defined contribulioi) pension sclieme, iyhich employees of Sloke City Conimunity Trust are eligible to join. Th¢ key management personnel are the Trustees. The total remuneration of these key nianageinent p¢i'sonn¢l ivas £nil (2023: £nil). Page 19
Stolce City Community Ti'ust NOTLS TO'f14E FINANCIAL STATF.MENTS at31Au ust 2024 TANGIBLE FIXED ASSETS Motor vehicles Office equipnieiil Plant and Inachinery Total Cosl Al beginning and the end of the year 59,418 3.758 4.350 67,526 Depi'ecicilioii At bcginning and ihe end of the yeill. 59,418 3.758 4,350 67,526 Nei book iialiie At 31 August 2024 At 31 Au8llSt 2023 rixed assets Are held for direct charitable purposes. DEBTORS: Amounls falling diie iyithiii one year 2024 2023 Trade debiors Pi'cpayiiienls and accriied incoi))e Aiiiouiils due froin related und¢rlakings 117,329 97,531 2,393 139,160 121,975 12,554 217,253 273,689 Page 20
Stolce City Community Ti"ust NO'fFS TO THE FINANCIAL STATEMENTS al31 Ali USI 2024 CREDITORS.. Aniounls falling due iyitliin one year 2024 2023 Trade cieditors Olhei. taxes and social seciirity Accruals and deferred incoine Aniounls due to related undertRkings 13,429 29,340 46,858 118,481 5,031 25,033 41,428 97,227 208,108 168.719 COMPANY LIMITED BY GUARANTEE Stoke Ciiy Cominunity Trust is a coiiipany liniiled by guarantee and aecordingly does not liave share capital. Every nieii)ber of the charitable company undertakes to coiilribule sucli amounl as n)ay be required not exceeding £ l O in Ihe ¢v¢iil of il being wound up ivhile he or she is a nieiiiber. oi. within one year after lie or she ceases to be a iiieinber. io RECONCILIA TION OF OPERATING RESULT TO CASH lryLOW FROMI(TO) OPERATING AC'I'IVII'IES 2024 2023 Net incomel(expenditure) Invesliiieiil incoiiie Decrease/(increase) in debtors Increase in Creditors 82,600 (36,625) (101,077) 12.140 (50,580) 56,436 39,389 Nel cash provided by/(lo) operating activities 90,730 (42,962) Page 21
Stolce City Cominunity Trust NOTES TO THE FINANCIAL s'fATEMENTS at31 Ali list 2024 STATEMENT OF fuNDS Atl September 2023 At31 Aiigust 2024 Income Expenditure Traiisfer of resouires expended funds Uiii'esli'iciedfiiiids.. General fiii)d ,041,032 1,269,057 (1.146.543) 1,163,546 Resli'icledfiinds.. Sports Pailicipalion Educalion & Lifelong Leaming 49.804 177.681 549,766 243,529 (587,836) (282,488) 11,734 138,722 227,485 793,295 (870,324) 150,456 TOTAL fuNDS 1,268,517 2.062.352 (2.016,867) ,314,002 At I Sepicimber 2022 At31 Aiigust 2023 Income Expenditure Transfei. or resoiirces expended fuiids UiiiYslricledJiiiids.' General fund 981,660 1.005,457 (976,290) 30.205 1,041,032 Resli'lcledfiiiids.. Sports Participatioii Ediicalion & Lifelong Learniiig 11,821 192,436 532,152 221.552 (495.508) 1,339 (204.763) (31,544) 49,804 177,681 204257 753.704 (700.271) (30.205) 227,485 TOTAL FUNDS 1.185.917 1.759.161 (1.676.561) 1,268,517 Uni-esli'icledfiiiids The general fund represent5 the unrestricted funds of the charity that are not designated forparticular pui'poses. Resli'icledfiipids The restricted funds represent contrdcts to supply specific servlces under each of the abov¢ categoi'ie5. Page 22
Stoke City Community Ti'ust NOTES TO'fkiE FINANCIAL STATEMENTS at31 Ali list 2024 12 ANALYSIS OF NET ASSETS BE'fwEEN FUNDS Unrestricied Resti'icted rlinds fiinds Total Debtors Cash at bank and in hand Cirditors 205,300 1.093.712 (135.466) 1,953 211.145 (72,642) 217,253 1,304,857 (208,108) TOTAL NET ASSETS AS AT 31 AUGUST 2024 1.163.546 150,456 ,314,002 Unrestricted Restricted funds fuiids Total funds Dcbiors Cash at bank and in hand Crediloi's 213,169 913,187 (85,324) 60,520 250,360 (83,395) 273,689 1,163,547 (168,719) TOTAL NET ASSETS AS AT 31 AUGUST 2023 .041,032 227,485 1,268,517 13 RELATED PARTY TRANSACTIONS The Trustees consider that Stoke City Football Club Limited is a related party of the chai'ilable coinpany by virtue of significant infliienee. The charity receives significaiit financial support froni the football Cliib in respect of olCe space and ollier costs, and this Gift iii Kind in Irspccl of spccific eslablishnient cosls, player and personiiel tiine has been estiinated at £345,000 (2023: £356,974), Ivliich lias nol been iiicliided iviil)in Ilie SOFA. During the year Iliere ivei'e sales of £136,491 (2023., £186,095) made to Slokecity Football Club Limited and al 31 August 2024 £2,393 (2023- £9,399) Ivas oived. Certain specific, dedicated salary 811d other costs relaliiig lo Ili¢ cliai-ily i'e recharged. These costs lolalled £1,754.23212023: £1.531,653) and al 31 August 2024 £147,822 was oived to Ilie Football Club (2023: £122,260). The Trnstees consider that Stoke City (Properly) Liintted is a related paily by virtue of sigi)ificanl influence. Dui-ing the year Iliere iyere sales of £nil (2023.. £nil) Inade lo Stoke City (Pi'operly) Liiniled and al 31 August 2024 £iiil (2023: £nil) Ivas oiyed. Other costs relating to the cliarity al'e recharged. These costs tolalled £nil (2023: £1.956) and at 31 August 2024 £nil ivas oived to Stoke City (Property) Limited (2023: £nil). The Trustees also consider bet365 Group Limited as a related party. Al the year-end theie iv8s an amount due from bet365 Group Limited of£nil (2023: £3,155). The value of services provided during the year to bet365 Group Limiled was £nil (2023: £7.592). Pcige 23