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2025-08-31-accounts

Stoke City Foundation (formerly Stoke City Community Trust) (A company limited by Guarantee)

REPORT AND FINANCIAL STATEMENTS

31 August 2025

Company Registration No. 04875877 Registered Charity No. 1104006

Stoke City Foundation (formerly Stoke City Community Trust) CONTENTS

TRUSTEES’ ANNUAL REPORT 1
STATEMENT OF TRUSTEES’ RESPONSIBILITIES IN THE PREPARATION OF FINANCIAL
STATEMENTS 6
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF STOKE CITY FOUNDATION 7
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE
ACCOUNT) 11
BALANCE SHEET 12
STATEMENT OF CASH FLOWS 13
ACCOUNTING POLICIES 14
NOTES TO THE FINANCIAL STATEMENTS 17

Stoke City Foundation (formerly Stoke City Community Trust) TRUSTEES’ ANNUAL REPORT

REFERENCE AND ADMINISTRATIVE DETAILS
REGISTERED CHARITY NUMBER 1104006
COMPANY REGISTRATION NUMBER
04875877
COMPANY SECRETARY D Heath
TRUSTEES/DIRECTORS JF Coates
G Mellor
D Smith
C Iwelumo
S King
J Morris (MBE)
D Heath (appointed 23 May 2025)
AUDITOR RSM UK Audit LLP
Chartered Accountants
Festival Way
Stoke on Trent
Staffordshire
ST1 5BB
BANKERS Barclays Bank plc
118 High Street
Newcastle-under-Lyme
Staffordshire
ST5 1PT
REGISTERED OFFICE bet365 Stadium
Stanley Matthews Way
Stoke on Trent
Staffordshire
England
ST4 4EG

Page 1

Stoke City Foundation (formerly Stoke City Community Trust) TRUSTEES’ ANNUAL REPORT

Trustees’ Annual Report

The Report and Financial Statements, which relate to the year ended 31 August 2025, are presented by the Trustees of Stoke City Foundation (“the Foundation”), who are also Directors of the Charitable Company for the purposes of charity law. The Trust changed its name from Stoke City Community Trust to Stoke City Foundation on 12 September 2025.

Structure, Governance and Management

Stoke City Foundation is a company limited by guarantee and does not have any share capital. It is governed by the Memorandum and Articles of Association dated 18 July 2014 and became a registered charity on 28 May 2004.

A review system is in place to monitor the income, expenditure and performance of the Trust. This ensures that appropriate management information is produced on a regular basis including an annual budget. The budget is approved by the Trustees, who also meet regularly to consider the financial results and identify any management risks.

Key management personnel remuneration is determined by the Trustees.

Appointment of Trustees

The skill set of the board of Trustees is reviewed and compared to the requirements of the charity to achieve its objectives. Where there are gaps, the Trustees seek to make appropriate appointments of individuals with the required skills and experiences by an open recruitment process.

Trustee induction and training

All new Trustees receive an induction meeting with the Chair of Trustees and then spend time with the charity’s management team, observing how the charity’s objectives can be achieved. Should any additional specialised training be required then appropriate training arrangements are in place.

Risk management process

The Trustees review the major risks to which the charity is exposed - in particular, those relating to the operations and finances - and are satisfied that systems and procedures are in place to mitigate any exposure. The principal risk identified by the Trustees is Safeguarding.

This is managed via the Risk Framework review process.

In addition, procedures have been put in place to ensure compliance with health and safety legislation for staff and all those who participate in the Trust’s activities. A Safeguarding Working Group ensures that all regulations are adhered to with regard to contact with children and vulnerable adults.

Internal Controls

The internal control system ensures that income, expenditure and performance of the Trust is carefully monitored and is designed to provide reasonable assurances against material misstatement and loss, including:

An Annual Budget approved by the Trustees Regular consideration of financial results *Identification and management of risks

The Trustees have given due consideration to the Charity Commission published guidance on the operation of the Public Benefit requirement.

Page 2

Stoke City Foundation (formerly Stoke City Community Trust) TRUSTEES’ ANNUAL REPORT

Objectives and Activities

Stoke City Foundation’s objectives are to promote any charitable purpose for the general benefit of the community and in particular those living and working across North Staffordshire, South Cheshire and the surrounding areas.

The Trust uses the power and passion associated with Stoke City Football Club to make a positive difference to the health, wellbeing and life outcomes of participants who engage in its programmes and current activities. All sessions provide a platform to reduce barriers to participation whilst promoting equality, diversity and inclusion within the community.

The Trust’s projects aim to tackle social issues including mental health, homelessness, poverty and environmental. It also seeks, to support people via sports provision, competitions, general wellbeing activities, weight management, work ready & employment sessions and community based diversionary activities, as well as targeted interventions including mentoring, poor school behaviour, criminal exploitation, bereavement and trauma.

The Trust believes that its influence and reach will allow people to make a positive difference to their health, wellbeing and life outcomes.

The Trustees have considered the Charity Commission’s guidance on public benefit, in the interests of social welfare and life improvement, and consider its main activities to further this are the provision of sporting opportunities to such persons who have need for them, without discrimination.

Achievements and Performance

The Trust’s main achievements are based upon its people, partnerships and its impact. Its performance is based upon its ability to continue to deliver high quality services and interventions to the communities of North Staffordshire, with the aims of helping people realise their potential, influencing positive change and providing support to those in need.

Delivered Services

Throughout the year the Trust delivered a variety of interventions and services that included:

Page 3

Stoke City Foundation (formerly Stoke City Community Trust) TRUSTEES’ ANNUAL REPORT

• Safer Streets

Achievements and Performance (continued)

By successfully delivering the above activities, the Foundation has benefited the Community and in particular for those living and working across North Staffordshire, South Cheshire and the surrounding areas.

Thank You for Your Support

Whilst dependent upon the continuing partnership and support of Stoke City Football Club and the bet365 Group, Stoke City Foundation also relies heavily on the support of many partners and organisations in order to continue to develop its three priority areas. The Trust’s principal partners are the Premier League Charitable Fund, the Premier League, Professional Footballers’ Association, the English Football League, English Football League Trust, Staffordshire County Council, Staffordshire Police Fire and Crime Commissioner, City of Stoke-on Trent Council and the Staffordshire Football Association.

The Board of Trustees is indebted once again to all those who have made a significant contribution to the Trust’s progress over the past 12 months, and they look forward to working with those and new partners again in 2025/26.

The Trustees would like to thank the staff in the Foundation for their dedication and hard work throughout another successful period.

Financial Review

Detail of income and expenditure is provided in the Notes to the Financial Statements and is summarised below:

Description

Restricted Income:

Unrestricted Income:

Total Income:

Total Resources Expended:

Restricted Reserves:

Unrestricted Reserves:

Total Reserves:
 2025 (£’000)

716

1,007

1,723

1,723

96

1,217

1,313
 2024 (£’000)

1,269
793
2,062
2,017
150
1,164
1,314

Page 4

Stoke City Foundation (formerly Stoke City Community Trust) TRUSTEES’ ANNUAL REPORT

Financial Review (Continued)

The Trustees have examined the charity’s requirements for reserves in the light of the main risks to the organisation. It has established a policy whereby unrestricted funds, not committed or invested in tangible fixed assets held by the charity (which equal free reserves), should be no less than 12 months of the unrestricted staff employment expenditure of the charity. Free reserves at 31 August 2025 were £1,218k (2024: £1,164k). These free reserves represent 20 months of unrestricted staff employment costs. In the current economic climate the Trustees consider it prudent to keep the free reserves at this level but will review the policy should there be a strong commercial or operational reason to do so.

Statement as to disclosure of information to Auditors

The Trustees present on the date of approval of these financial statements have confirmed, as far as they are aware, that there is no relevant audit information of which the auditors are unaware. Each trustee has confirmed that they have taken all steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that it has been communicated to the auditor.

Auditor

RSM UK Audit LLP, Chartered Accountants, were appointed auditors by the company at 28 September 2010. Pursuant to section 489 of the Companies Act 2006, a resolution to reappoint the auditors will be proposed at the next Trustees’ meeting.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

Approved by the trustees and signed on their behalf by:

John Coates

Director and Trustee

Date: 25/02/26

Page 5

Stoke City Foundation (formerly Stoke City Community Trust) STATEMENT OF TRUSTEES’ RESPONSIBILITIES IN THE PREPARATION OF FINANCIAL STATEMENTS

The Trustees (who are also the directors of Stoke City Foundation (a company limited by guarantee for the purposes of company law)) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOKE CITY FOUNDATION (FORMERLY STOKE CITY COMMUNITY TRUST)

Opinion

We have audited the financial statements of Stoke City Foundation (the ‘charitable company’) for the year ended 31 August 2025 which comprise the Statement of Financial Activities (including the Summary Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the Trustees’ Annual Report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the Trustees’ Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

Page 7

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOKE CITY FOUNDATION (FORMERLY STOKE CITY COMMUNITY TRUST)

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report included within the Trustees’ Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ responsibilities set out on page 6, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Page 8

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOKE CITY FOUNDATION (FORMERLY STOKE CITY COMMUNITY TRUST)

The extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, Charities SORP (FRS 102), Companies Act 2006, Charities Act 2011, the charitable company’s governing document, tax legislation and Charities (Protection and Social Investment) Act 2016. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including the Trustees’ Report and remaining alert to new or unusual transactions which may not be in accordance with the governing documents.

The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to Safeguarding and Health and Safety. We performed audit procedures to inquire of management and those charged with governance whether the charitable company is in compliance with these law and regulations and inspected correspondence with regulatory authorities.

The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments, evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business and challenging judgments and estimates made by management.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Page 9

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOKE CITY FOUNDATION (FORMERLY STOKE CITY COMMUNITY TRUST)

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Anna Spencer-Gray

ANNA SPENCER-GRAY (Senior Statutory Auditor) For and on behalf of RSM UK AUDIT LLP, Statutory Auditor Chartered Accountants Festival Way Stoke on Trent Staffordshire ST1 5BB

26/02/26

Page 10

Stoke City Foundation (formerly Stoke City Community Trust) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 August 2025

Note Unrestricted Restricted Total Total
Funds funds funds funds
2025 2024
£ £ £ £
INCOME
Donations and legacies 1 56,978 - 56,978 192,171
Charitable activities 2 833,918 715,502 1,549,420 1,741,629
Other trading activities 71,470 - 71,470 77,972
Investment income 44,828 - 44,828
 50,580
TOTAL INCOME 1,007,194 715,502 1,722,696
 2,062,352
EXPENDITURE
Charitable activities 3 (953,181) (770,281) (1,723,462)
 (2,016,867)
NET INCOME/(EXPENSE) BEFORE 54,013 (54,779) (766) 45,485
TRANSFERS
TRANSFERS BETWEEN FUNDS 11 - - -
 -
NET INCOME/(EXPENSE) 54,013 (54,779) (766) 45,485
Reconciliation of funds
Total funds brought forward 11/12 1,163,546 150,456 1,314,002
 1,268,517
TOTAL FUNDS CARRIED FORWARD 11/12 1,217,559 95,677 1,313,236 1,314,002

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised in the year.

Page 11

Stoke City Foundation (formerly Stoke City Community Trust) BALANCE SHEET

at 31 August 2025

Note 2025 2024
£ £ £ £
FIXED ASSETS
Tangible assets 6 - -
CURRENT ASSETS
Debtors due within the year 7 80,862 217,253
Cash at bank and in hand 1,403,260 1,304,857
TOTAL CURRENT ASSETS 1,484,122 1,522,110
8
CREDITORS: Amounts falling due
within one year (170,886) (208,108)
______ ______
NET CURRENT ASSETS 1,313,236 1,314,002
NET ASSETS 1,313,236 1,314,002
THE FUNDS OF THE CHARITY
Unrestricted funds 11 1,217,559 1,163,546
Restricted funds 11 95,677 150,456
TOTAL CHARITY FUNDS 12 1,313,236 1,314,002

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

The financial statements on pages 11 to 23 were approved by the board of trustees and authorised for issue on and were signed on its behalf by: 25/02/26

John Coates Director and Trustee

Company Registration No. 04875877 Registered Charity No.1104006

Page 12

Stoke City Foundation (formerly Stoke City Community Trust) STATEMENT OF CASH FLOWS for the year ended 31 August 2025

Note

NET CASH PROVIDED BY
OPERATING ACTIVITIES
10
CASH FLOWS FROM INVESTING
ACTIVITIES
Investment income
Net cash used in investing activities
CHANGE IN CASH AND CASH
EQUIVALENTS IN THE PERIOD
Cash and cash equivalent at the
beginning of the year
Total cash and cash equivalent at the
end of the year
Represented by:
Cash at bank		 2025

£
53,575
44,828
_
44,828
_
98.403
1,304,857
___
1,403,260
___
1,403,260
___		 2024
£
90,730
50,580
___
50,580
___
141,310
1,163,547
___
1,304,857
___

1,304,857
___

Page 13

Stoke City Foundation (formerly Stoke City Community Trust) ACCOUNTING POLICIES at 31 August 2025

TRUST INFORMATION

Stoke City Foundation is an incorporated charitable Trust (charity number 1104006) limited by guarantee registered in England (company number 04875877). The Trust’s address is bet365 Stadium, Stanley Matthews Way, Stoke on Trent, Staffordshire, England ST4 4EG.

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

BASIS OF PREPARATION

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2018) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Stoke City Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

GOING CONCERN

As is normal for all charities, the charity is dependent upon income streams such as grant monies which may not reoccur. The Trustees have reviewed the financial forecasts and believe there are adequate resources which will enable the trust to meet its liabilities for at least one year from the date the financial statements are signed. For this reason, the Trustees have adopted the going concern basis in preparing the financial statements.

INCOME RECOGNITION

The values of all resources accruing to the charitable company are recorded in the Statement of Financial Activities as soon as it is legally entitled to the income and the amount can be quantified with reasonable accuracy. This is dependent on an actual receipt or enforceable right to receipt, a reasonable certainty of receipt and whether the monetary value can be sufficiently and reliably measured. Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Any grant that is subject to performance-related conditions received in advance of delivering the services required by that condition or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.

Page 14

Stoke City Foundation (formerly Stoke City Community Trust) ACCOUNTING POLICIES at 31 August 2025

EXPENDITURE RECOGNITION

All expenditure is accounted for on an accruals basis and includes attributable VAT which cannot be recovered. Expenditure has been classified under the appropriate heading but where costs cannot be directly attributed to particular headings (support costs); they have been allocated to activities on a basis consistent with the use of the resources. Support costs comprise all services supplied centrally, and include office staff and overhead expenses.

Governance costs are those costs associated with the governance arrangements of the charity which relate to its general running. These include audit, insurance costs, and legal advice for trustees and costs associated with constitutional and statutory requirements such as the costs of trustee meetings and preparing the statutory financial statements, plus a share of support costs.

All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly.

DONATED SERVICES AND GIFTS IN KIND

The value of donated services and gifts in kind provided to the charity by Stoke City Football Club are disclosed at their open market value in the period in which they are receivable where the benefit to the charity can be reliably measured and are reported in the related party note to the financial statements.

TANGIBLE FIXED ASSETS

Tangible fixed assets are capitalised at cost and capital expenditure over a value of £500 is capitalised.

Depreciation is provided at the following annual rates to write off the cost, less the estimated residual value of the assets, over their expected useful economic lives as follows:

Motor vehicles - 25% straight line Office equipment - 20% straight line Plant and machinery - 33.3% straight line

A full year of depreciation is charged in the period of acquisition and none in the period of disposal.

FUND STRUCTURE

Unrestricted funds

General funds are unrestricted funds available to the charity for use at the discretion of the trustees in furtherance of the general charitable objectives of the charity and which have not been designated for other purposes.

Restricted funds

Restricted funds are subject to restrictions imposed by the donor or by the specific terms of the appeal under which funds are raised. The restrictions are binding upon the charity.

FUND TRANSFER POLICY

At each year end it is the practice of the Trust to review all fund balances and to identify the restricted projects that have ended in that financial year.

It is the policy of the Trust that any restricted fund overspends will be transferred from the unrestricted (general) reserve.

If there are any restricted fund underspends on ceased projects then the related fund contract is referred to. If the contract states that any such surplus should be returned then the funder is contacted, informed of the surplus balance and their instruction is adhered to.

If however the contract does not stipulate that surplus funds should be returned and the reading of the contract permits the surplus to be kept then the surplus is transferred to the unrestricted (general) reserve.

Page 15

Stoke City Foundation (formerly Stoke City Community Trust) ACCOUNTING POLICIES at 31 August 2025

TAXATION

As a registered charity the Trust is exempt from tax on income and gains falling within Part 11 of the Corporation Taxes Act 2010 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to these charitable objects.

FINANCIAL INSTRUMENTS

The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The Trust do not consider there to be any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

LEASES

All leases are operating leases and the annual rentals are charged to the profit and loss account on a straight line basis over the lease term.

Page 16

Stoke City Foundation (formerly Stoke City Community Trust) NOTES TO THE FINANCIAL STATEMENTS at 31 August 2025

1 INCOME: DONATIONS AND LEGACIES

Unrestricted Unrestricted
2025 2024
£ £
Donations 56,978
 192,171

Income from donations in the prior year include donations totalling £104,000 from the Stoke City Lotteries following their closure on 31 October 2023.

2 INCOME: CHARITABLE ACTIVITIES

Unrestricted Restricted Total Total
funds funds 2025 2024
£ £ £ £
Sports Participation 765,418 551,024 1,316,442 1,412,780
Education & Lifelong Learning - 164,478 164,478 243,529
Core cost support 68,500 - 68,500
 85,320
833,918 715,502 1,549,420 1,741,629

£793,295 of income was attributed to restricted funds in 2024.

Other trading and investment income were unrestricted in 2024.

3 RESOURCES EXPENDED: CHARITABLE ACTIVITIES

Direct
costs
£
Sports Participation
1,356,343
Education & Lifelong
209,328
Core support costs
-
Governance costs
-
1,565,671		 Support
costs
Total
2025
Total
2024
£
£
£
-
1,356,343
1,573,581
-
209,328
282,488
139,462
139,462
143,787
18,329
18,329
17,011

157,791
1,723,462
2,016,867

£870,324 of charitable activities costs were attributable to restricted funds in 2024.

Page 17

Stoke City Foundation (formerly Stoke City Community Trust) NOTES TO THE FINANCIAL STATEMENTS at 31 August 2025

a) Support costs allocation

The charity allocates its support costs to general activities unless it is appropriate to allocate them between the other charitable activities undertaken. The charitable activities are as listed above.

Support costs are allocated on a basis consistent with the use of resources as explained above below:

Core support Core support
2025 2024
£ £
Consultant Fees 25,920 26,220
Salaries and social security costs 99,629 80,732
Pensions 1,936 3,465
Medical costs 3,912 2,721
Travelling and subsistence 32 6,612
Bank charges 697 722
Motor expenses 5,618 4,231
Legal expenses 1,800 -
Other expenses 55,723 70,549
Recharge (55,805)
 (55,696)
139,462
 139,556
b) Governance costs
 Unrestricted Unrestricted
2025 2024
£ £
Professional fees 18,329
 17,011
4 NET INCOMING RESOURCES FOR THE PERIOD
Net incoming resources for the period is stated after charging:
2025 2024
£ £
Auditor’s remuneration 18,329 17,011
Operating lease rentals: other 18,612 -

Page 18

Stoke City Foundation (formerly Stoke City Community Trust) NOTES TO THE FINANCIAL STATEMENTS at 31 August 2025

The average number of persons employed (excluding trustees) during the year was 44 (2024: 51).

In addition to the above, the charity employed an average of 11 casual staff during the year (2024: 32).

No emoluments or expenses were paid during the year to trustees (2024: £nil). Details of employee costs are as follows:

2025 2024
£ £
Wages and salaries 1,165,279 1,389,382
Social security costs 107,205 115,948
Pension costs 47,031
 55,623
1,319,515
 1,560,953
The number of higher paid employees was:
2025 2024
No No
In the band £70,000 - £79,999 - 1
In the band £80,000 - £89,999 1
 -

The number of higher paid employees was:

Stoke City Football Club runs a defined contribution pension scheme, which employees of Stoke City Foundation are eligible to join.

The key management personnel are the Trustees. The total remuneration of these key management personnel was £nil (2024: £nil).

Page 19

Stoke City Foundation (formerly Stoke City Community Trust) NOTES TO THE FINANCIAL STATEMENTS at 31 August 2025

6 TANGIBLE FIXED ASSETS

Motor
vehicles
£
Office
equipment
£
Plant and
machinery
£
Cost
At beginning of year
59,418
3,758
4,350
Disposals
(34,278)
-
-

At end of year
25,140
3,758
4,350

Depreciation
At beginning of year
(59,418)
(3,758)
(4,350)
Disposals
34,278
-
-

At end of year
(25,140)
(3,758)
(4,350)

Net book value
At 31 August 2025
-
-
-

At 31 August 2024
-
-
-		 Total
£
67,526
(34,278)
33,248
(67,526)
34,278
(33,248)
-
-

Fixed assets are held for direct charitable purposes.

7 DEBTORS: Amounts falling due within one year

Trade debtors
Prepayments and accrued income
Amounts due from related undertakings		 2025
£
58,767
20,907
1,188

80,862
 2024
£
117,329
97,531
2,393
217,253

Page 20

Stoke City Foundation (formerly Stoke City Community Trust) NOTES TO THE FINANCIAL STATEMENTS at 31 August 2025

8 CREDITORS: Amounts falling due within one year

CREDITORS: Amounts falling due within one year
Trade creditors
Other taxes and social security
Accruals and deferred income
Amounts due to related undertakings		 2025
£
14,956
20,252
39,211
96,467

170,886
 2024
£
13,429
29,340
46,858
118,481
208,108

9 COMPANY LIMITED BY GUARANTEE

Stoke City Foundation is a company limited by guarantee and accordingly does not have share capital. Every member of the charitable company undertakes to contribute such amount as may be required not exceeding £10 in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.

10 RECONCILIATION OF OPERATING RESULT TO CASH FLOW FROM/(TO) OPERATING ACTIVITIES

Net (expenditure)/income
Investment income
Decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operating activities		 2025
£
(766)
(44,828)
136,391
(37,222)
_
53,575
_		 2024
£
45,485
(50,580)
56,436
39,389
_
90,730
_

Page 21

Stoke City Foundation (formerly Stoke City Community Trust) NOTES TO THE FINANCIAL STATEMENTS at 31 August 2025

11 STATEMENT OF FUNDS

At 1 At 31
September Income Expenditure Transfer of August
2024 resources expended funds 2025
£ £ £ £ £
Unrestricted funds:
General fund 1,163,546 1,007,194
 (953,181) -
 1,217,559
Restricted funds:
Sports Participation 11,734 551,024 (560,953) - 1,805
Education & Lifelong 138,722 164,478 (209,328) - 93,872
Learning
150,456 715,502
 (770,281) -
 95,677
TOTAL FUNDS 1,314,002 1,722,696
 (1,723,462) -
 1,313,236
At 1 At 31
September Income Expenditure Transfer of August
2023 resources expended funds 2024
£ £ £ £ £
Unrestricted funds:
General fund 1,041,032 1,269,057
 (1,146,543) -
 1,163,546
Restricted funds:
Sports Participation 49,804 549,766 (587,836) - 11,734
Education & Lifelong 177,681 243,529 (282,488) - 138,722
Learning
227,485 793,295
 (870,324) -
 150,456
TOTAL FUNDS 1,268,517 2,062,352 (2,016,867) - 1,314,002

Unrestricted funds

The general fund represents the unrestricted funds of the charity that are not designated for particular purposes.

Restricted funds

The restricted funds represent contracts to supply specific services under each of the above categories.

Page 22

Stoke City Foundation (formerly Stoke City Community Trust) NOTES TO THE FINANCIAL STATEMENTS at 31 August 2025

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted Total
funds funds funds
£ £ £
Debtors 72,019 8,843 80,862
Cash at bank and in hand 1,259,189 144,071 1,403,260
Creditors (113,649) (57,237)
 (170,886)
TOTAL NET ASSETS AS AT 31 AUGUST 2025 1,217,559 95,677
 1,313,236
Unrestricted Restricted Total
funds funds funds
£ £ £
Debtors 205,300 11,953 217,253
Cash at bank and in hand 1,093,712 211,145 1,304,857
Creditors (135,466) (72,642)
 (208,108)
TOTAL NET ASSETS AS AT 31 AUGUST 2024 1,163,546 150,456 1,314,002

13 COMMITMENTS

Commitments under operating leases

The total future minimum lease payments under non-cancellable operating leases is as follows:

Amounts due within one year
Amounts due between one and five years		 2025
£000
20,304
1,692
 2024
£000
-
-

14 RELATED PARTY TRANSACTIONS

The Trustees consider that Stoke City Football Club Limited is a related party of the charitable company by virtue of significant influence. The charity receives significant financial support from the Football Club in respect of office space and other costs, and this Gift in Kind in respect of specific establishment costs, player and personnel time has been estimated at £350,507 (2024: £345,000), which has not been included within the SOFA. During the year there were sales of £32,386 (2024: £136,491) made to Stoke City Football Club Limited and at 31 August 2025 £1,188 (2024: £2,393) was owed. Certain specific, dedicated salary and other costs relating to the charity are recharged. These costs totalled £1,413,589 (2024: £1,754,232) and at 31 August 2025 £116,719 was owed to the Football Club (2024: £147,822).

Page 23