Company registratlon number 05074505 (England and Wales) Charity registratlon number 110551S SOUTHEND UNITED COMMUNITY FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 SOUTHEND UNITED COMMUNITY FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustses G Lockett K Clarke W Hill l Hughes J Jorts B M &Aanki DrTA N Syed Chlef Executivè Officer D Spiby Country of incorporatlon England and Wales 05074505 Registered office Roo15 Hall Foolball Gmund Victoria Avenue Essex UK SS2 6NQ Audltor Buckley ￿￿tSOn Limited 57a 8roadway Leigh-on-sea Essex SS91PE Solicitors BTMK S(Aicitors 19 Clifftthyn Roa1 Southen¢*on-Sea Essex &81 1AR SOUTHEND UNITED COMMUNITY FOUNDATION CONTENTS Page Trustees, report Independent auditorfs report 9.12 Stalemènl of financial adivthes 13 Balance sheet 14 ststement of cash flows 15 Notes lo the financial stslements 16-33 SOUTHEND UNITED COMMUNITY FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees present thew annual report and finanaal ststements f￿ the year ended 31 August 2025. The financial slalements have been prepared In accordance ¥Mth the accounting poticies set out in note 1 to the financial statements and comply vAth the charitable companys goveming (locument, the Companies Act 2006. FRS 102 'The Financial Reporb"ng Standard applicab￿ in the UK and Rewblc of Ireland" and Ihe Charities SORP 'AccountiThJ and Reporting by Charities". Statemwl of Recommended Pra￿￿ applicable to charities preparing their a¢wuThls in accordanGe with the Financial Repth"Dg Standard applioble in the UK arKf Republic of Ireland IFRS 1021" Objectives and activities Southend United Community Foundation exists lo use the power of sport education and Community engagement lo improye lives auoss Southenckon-sea and &wth East Essex. The Foundati￿ is the official tharity of S￿1thend Unrf(ed Football Club works wrth children, young people, adults and oldef people to ereate opp¢ytunities thal improve physical health. mentsl wellbeirrfJ, eduL3lional attainrnent. employability and commuruty cohesion. Our charitable objectives as sel ¢)ul in and in compliance wth our goveming dc￿urnent remain". to promote community participation in healthy ￿¢[eatIon Ihr¢yJgh football and sport., to provide facilities and opportunities that improve heatth. W￿l￿rg arid qualty of lrfe for pe¢)ple of all ages and backgrounds", to adVa￿e educats.on and leaming., to strengthen Gommunibes thrO￿h inclusive programmes ihat ￿¢￿rage partiopalion, aspiration and social connection. The Foundation tlelivers programmes acTO&8 four strategic theme5". Participation Education Health & Wellbeing Community Cohesion Programmes are delivered in schcK)Is. Colle￿5, communty venues, sp4)rts faolrtie5, healthcare settings and neighbourhood5 across Soulhend-on-sea and South East Essex. The Trustees have paid due regard to the Charity Commi55ion's guidance on puNic benefit when determining the Found*ion's objectives and activities. Stralegffes forachieving aims andobiedives The IrLEtees review Ihe Charity's aims. objectives and adivrties each year and cLJH51der how best lo achi8ve its charitsble purposes for the public benefit. In pursuing these ot4'ectives. Charrty seeks to m2ximise its impact through the effect.ve use of ts resou￿$ and by maintsining strong g0Veman￿ and financial management arrangem￿ts. The Fwndation believes Ihal the power of S￿)rt cAn be used as a catalyst for lasting social change. Using the trusted Soulhend United badge alongside expenenced staff. strong partnerships and hIg￿UalItY wogramm? delivery, the Foundabon provides sustsined oppc¥tunitie5 lor Fe0p￿ lo participal2. leam, develop an thrive. Rather Ihan delivering istslaled aebvrties. our programmes are deswned to ueate long-lemi outcomes including.. increased physical activity-, improved confidence and resili8nce.' grèater eduettional engagement.. stronger employability skills., improved physical and mental wellbeing". redU￿d social isolation,. ar stronger. rnore connected commun￿.￿s. Th@ Foundation works collaborativety wth schools. education pr¢)viders. SrAJlhend-on-Sea Crty Council, healthcare partners. comtnunity organisalions. busin8sses and Southend United Football Club to maximise both impact and value for the communities we serve. SOUTHEND UNITED COMMUNITY FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Criteria used torassessing succg&s The Trustees monitor organisats"¢nal perfr)m￿nce through a balan￿d framework of finatxial, opèrational and impad measures. Performance is reviewed regularty through Board rewling and inctudes.. delivery against programme and conlractt￿l tsrgets: partiapant engagement and retent'on.. learner recruitment, achievement and progression", grant and contract perfomance". financial perfDrnian¢e', orgarmsational sustainability" workforce developrnent.. an(1 stakeholder feedback. DU￿￿9 the year the Foundation increased total income to £1.24 million whilst returning to a su]plus position and continuing lo invest significantly in chantable activities. The Trustees consider Ihese result5 to represent posittve progress in delvering Ihe Foundalion's charitable obje¢tNes whilst strengthening the organisation's long4emi sustainaix"lity. Public benefil In setting objectives and planning for aebvilies. the Trustees have gr¥en due consideraion to general guidance published by the Charty Commission relating lo putlic benefrt. induding the gUIdar￿ 'Public benefit". running a ¢harily {PB2)' SOUTHEND UNITED COMMUNITY FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achievernents and perfonnance Signifjcanl ac1ffvlt￿S 8ndsch￿VeMenls agaffnsl objectives A Year of Growth and Development DLwing 2024125 the Foundation continued to use the unique reath of Scthhend United Football Club to engage people throughout Southend-on-sea and SoLrth Easl Essex. Through 8 broad range of education, partJ"cipab'Dn. healih and cornmunty pwrammes the Four¥Aalion conts.nued to create tspportunitEs Ihal improve Itves whilst responding to increasing dem￿ across IOCAI communities. Participation Partiapation remained central to the Foundatron's wot1(. Through school-based activity, holiday piovision, f(x)thall development pwafflmes. Premier League inikn"alives and community sessions. the Foundab"on cDntsnued lo encourage people of all ages lo become more active ￿lIe developing Confidence. tsamwork and reslience. Our approaeh fcruses upon sustsined ￿rtI￿pation. enabling individuaL% to build powtive habits and iemai engaged over extended peiK)ds rather than through one-off intervenlions. Educat]on Education conb.nued lo represent one of the Foundab"on's most stgnffi¢znt wea5 of gro￿. Working with educab.on partners. Ehe FOun￿tIon expanded Opp￿lUnIties ft)r young people lo a¢￿$S high-qual post-16 education alongside football devdopment, coaching. per$￿al development and employability OPPDrtunit*s. The continued growth in educational activity dUrir￿ the year ￿￿eLl5 increasing confidence in the Foundation's proviston and provides an important platform fot bjlure organisational sustaina￿lty. Health & Wellbeing The Foundation conb.nued to develop programmes that improv8 trx)th physieal and rnental wellbeing. Working alcbngside local partners. activities supported heathi¥ lifestyle5, active ageing, improved confidence and reduced iSDlalion for participants across a wide range of age groups. Additional investment secured during the year has enabled the Foundation lo conb.nue devek)ping its h83th-relaled provison. Comrnunity Coheslon Cornmunity programmes continued to provide safe, inclusive and Wel￿mIng environments where parkncipants could build relationships. develop new skills and become more active ￿1n their communities. The Four¥JatiDn remains commrtted lo promoting equalty. diversrty and inclusKJn throughoui all pr(¥Jrammes, ensur1￿ Qpportunities are accessible regardless of age, background or abilty. Organisational Devèlopment Growth in programme delivery during the year was supported th[￿gh contillued investment in staffing. govemance and organisab'onal infrastructure. The Foundation increased ils workforce dullng the year and okn'nued lo strengthen govemance arratu&ments, recogrysing that strong leadership arKI effeckn.ve management are fundamefrtal lo delivering sustainable community impad. Fundraising praclices The Gharity undertakes fundraising actiwtÈS Io sUPPOrt its ¢haiitatJe objecltves. The charty seeks to ensure that all fundraising activ"rties are conducted ethically, transparenuy and in ar£Ordan￿ wth applicable laws and regulations. The charity does not emtAoy prolessional fundraisers or commeroal parttopators io carry out fijndrdising a¢livilies on ils behalf. The trustees monitor fundraising activities lo ensurè that they are consistent wlh the ¢hariVs values and objectives. The charity is committed to prolecling members of ihe public. induding VLAnerable indNiduals. from unreasonable intrusion on privacy, unreasonably ￿r$I$lent appro￿e5 or undue p￿sSUre to donate. Appropriate procedures are in place to ensure ihat fundraising ath"vth"es are conducted responsibty- SOUTHEND UNITED COMMUNITY FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Fund￿$1￿9 perfofft?ance Th& charty continued lo develop and $I￿ngthen rts fuTrJraisiThJ activibes during the year, achieving total fundraising income of £9.29612024". £8.1111. This was made possible through the ongjing support of ind¥vidual donor5, grant- making bodies, corporate partners and fundraisirvJ events. Key ￿￿￿raISirQ achievements during the year incluijed". Securing grant funding from a number of charrtabfe trusts and foun#Jaticffl5 to support Ihe tharity's core activities and specific proje¢ts. Maintaining strong levels of supp¢rt from existing dMors while attracting n￿1 SUPWters to the charity. Successfully delivering fvndraising campaigns and events which irKreased awareness Df the charity's work and generated valuable unrestricted income. Strengthening ￿lab¢y)ships wlh corporate aTrJ community partners. reyjlting in addib'onaj financial and in-kind support. The Iru5tees are grateful for the continued generosty of all supporter5 whose contributions hav8 enabled the charity lo lurther its charitable objectives and increase its impact on beneficianes throughout the year. Financlal review Total Incorne for the year Increased to £1.244.667 {2024". £904,156, as restatedl. The Foundation recorded a SLtrplus of £12.430. compared wim a restated deficit in the previous year of £65.222. This represents an important improvement in the organisation's finanaal posÈtion whilst ¢ontinuing to invest Signifi￿nlY in charrtable advib.es and servKes_ Educabon contsnued lo represent a significant area ol grTr%th alongside conth.nued investment in p*'opation, health and community programmes. At the year end lolal fund5 51oK)d at £40,554 12024." £28.124 as restated), induding restricteij funds of £14,350 12024.. Nil.) The Trustees remain committed to prudent financial management and ensJriThJ that avai&ble resourcès are directed towards activities that deliver the greatest benefft to lttal communibes. During the year. il was discovered that a number of adjustments needed to be made to the Balan￿ &eet as at 31 August 2024 in respect of c81culations to entries in¢luded wrthin accrued and deferred incom8_ As these surms were material, the figures for prepayments & accrued incorne and accruals & deferred income have been amended. resutting in a prior pericmj adjuslmenL Comparative figures have been restated and an adjustment has been made to opening funds. details of which be found in note 22 In addition, this is thÈ first year vthieh the chanty qualffies for audit based on its inccffie threshold. Additional discjowr? has been piovided for the year to 31 August 2024 to comply with the framework's requirements. SOUTHEND UNITED COMMUNITY FOUNDATION TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Going concem The trustees have assessed the ¢haritaNe company's abilty to ￿ntinue 35 a going ¢oncem. In making this assessment. the Trustees have revi8wed the Fourvjatron's financial pogbon t￿ethe{ wrth txsh forecasts, future budg8ts atyl anticipated funding. The following are considered by the trustees to ￿ the most sgnifficanl chal2nges lacing the tharitable company at the present tim@_ OTrJoing integralion issues regardiThJ the rew edu¢2tional contract with Southend Cty Collèg8 and the wr2paround provision new Servi￿ levels. Disappoint￿g success rates in re5￿ct of funding applications due to tough mathet condits"ons. This is shortly to be adtsessed with the appointment of a new Itustee wth a stroTrJ finanual background. ilsl iecrynising the continuing challerKJes assoLialed ￿th fv￿lIng, e(knabon growth and the wder eeonomic enviromient, the Trustees are satisfied that approprtale plans and mitigating *ions are in place and are satisfied that the entity ha5 adequate resources io ¢(￿lInUe in operalional existence for the foreseeakle future. Accordingly, at the time of approving the financial stslemenls they ci)rKlude that these do not represent a material urKertainty that may cast signwficant doubl WJ the tharitable companls a￿"lity to continue as a going concem. They arè grateful for the onwing support of &xrthend United Football Club. and for this reason and those mentioned above, the financial statemènts have been prepared on the going COn￿M trmss. Reserves policy The Trust￿S aim lo maintain unrestricted reserves equivalent to aptKoxmalely three months of Dperating expenditure in order to protect the Foundab"on against unoxpecled reducb'ons in income or unforeseen expenditLJre_ though this level has not yel bèen achieved, conb.nued improvement in the Foundab"on's thnancial position remains a Strat￿le pnority. The Trustees will continue lo strengthen unresln.cted reserve$ as OPFX)rturuties artse vthilsl balancing tt78 need lo invest In frontline charitable acbvits"es. Major iisks The Trustees review the Foundalron's strategic and operational risks on a regular basis. The principal risks identified during the year included.. maintaining suslainable income wthin an increasingly ￿mpetI￿"Ve funth.ng environment.. continue¢J expangon of education provision., recruitment and retention ol skilled staff." success￿1 delivery of funded progiammes., operational p￿ssure5 asSOGiated wth organisats.onal gro￿.. and w¥Jer economic condrtions affeetirKJ local communities and fvnding partners. Appropriate governance arrangements, finanoal tt¢ntrds, monitoring prc(edU￿ s and risk management syskems remain in place to mitigate these risks. SOUTHEND UNITED COMMUNITY FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Plans forfuture periods The Trustees remain oplimislic about the Foundalion's future. Building upon continued organisational gro￿ during 2024r25. priorities for Ihe coming year indutle". expandiro education provision.. • increasing p8rbcipalion OppOrtun￿e$ a¢xJss all age groups.. developing additional health and wellbeing programmes. strengthening fundraising and income dNersification- buildiThJ new strategic partnerships.. and conts'nuing investment in g0veman￿, staff development arnj ￿gantsaknna1 resilience. The Foundation will continue w0￿"ng towards r(s long-tem amtxbon of improving lives auoss Soulhend-on-sea and South East Essex through the power of sport edu(3tion and community eTrJagement. stTuclurei govemance and management Southend United Community Foundation is registered as a chan"table company fjmited by guarantee anj was sel up by a Memorandum of Associab'on dated 16 Mar¢h 2004 and ameNd￿j by SFeaal resolution passed 6 February 2014. None of the Trustees has any treneficial interest in the Company. Ml Ihe Trnslees are meM￿rS of the company and guarantee to conlribute an amount not exceeding £10 in the evenl of a wnong up. The trustees, who are also the directors fof the purwjse of company law. and served during the year and up lo the dale ol signature of the *nancial ststemenls were". G Lockett K Clarke W Hill l Hughes J Jones B M Sc4anki DrTAN Syed D M Markscheffel IResigne(110 Juty 20251 Recrnkmenl and appThnlmenl oftttustees The management of Ehe company is the responsibility of the Trustees who are ethted and co-opted under the tems of the Memorandum ofA5socialhJn. Organisat￿nal stnjdu Soulhend United Community Foundation is a charitable tompany limited by guaranlee. Respmsibility for the govemance of the Found*"¢)n rests wth the Board of Trustees, who provide strategic leaderthip, monitor organisational perfomwnce and ensure that the charity continues ID fulfil Ils tharilable purposes. The Trustees ddegate responsibility for day-to￿aY operational management lo the Chief Executive Officer and senior leadership team. The Board remains committed lo matnlaining high Stal￿ardS of govemance and regularfy reviews Its effectiveness, skills SUC￿5S1on planning to ensure the Foundatson is well positicned to Jneel future opportunities and challenges. The trustees delegatè the day-to-day management of Ihe Charity during the ￿porting period in question lo Dale Spiby, who is Chief Exe¢￿tIVe. SOUTHEND UNITED COMMUNITY FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Induction 8ndttsining oftwstees All nèw trustées receive an induction on appointment to familk4rise them ￿th the charity's obJ"ectives. governing document. organisab.onal stnthre. key wlioes and procedu￿$. financjal posrtt"on. and the legal responsibilities ol trustees. New trustees are provided with ￿levant baC￿grOUnd information arxl have the opportunity to meet with senior staff and fellow trustees to gain an under5tsnding of the charitys a¢bV￿e$ and operations. The Charity is committed lo ensuring that trustees have the kThJwledge skills necessary to fulfil their duties effectively. Trustees are encouraged lo undertake appropriate training and deveFopmenl activib"es, induding attendance at extemal seminars, workshops and se¢tor-specTtic events. Orrfjoing updates are prowéed on changes in charity law, govemance. finanaal reporb.ng requirements and other matters relevant to tharity's activities. Remuneration poI￿Y The remuneration of key managemenl personnel Is detetmined on an inteaim bass by the Trustees. The levels of remun?raliDn are based upon performance and the wevailing industry rates of pay. Olh8rmatte The FDiltidation's policy is lo consult and diswss vAth employees at meetings. matters likely lo affect employees. interests. Information of matters of concem to emtknyees is given through inforniation bul￿tInS and reFL)rt5 which seek to achieve a common awareness on the part of all employees of the finaroal and e¢onomic factors affecting the Foundation's perfom)anee. Applications for employment by dIsa￿ed persons are afways fulty Consid￿ed, bearing in mind the aptitudes of the applicant concerned. In the event ol memL)ers of staff becoming disabled. every eflort is made to enyJTe that their employment wthin the Charity continues and that the appropriate training is arranged. It is the policy of the Charity that the training, career development and prcxnth.on of disabled persons should. as far as possible. be idenliul to that of other employees. Relat￿Tr$hIp with relatedpa￿e$ The Foundation is greatty assisted by &xJlhend Untted Football Club in beiro able lo carry out ils charitable activrfcies, via the Sharing of its significant resources_ The Club and Foundation share many operab.ons resources, have directors in eommon and are subject lo common Influen￿ and are hence related partie5. Statemènt ot trustees, responsibilities The trustees, who are also the direclors of Southend United Communty Foundab"on for the purpose of company law, are responsible for preparing the Trustees. Report arKI the finarKial slaternenls in accordance wth applicable law United Kingdorn Accounting Slandar(Js (United Kingdom GenerallyA¢cepted Accounting Practice). Company law requires the trustees lo wepare finanual statements for each financial year which give a Irue and fair view ol the stale of affairs of the tha[rtaI￿e company aTrJ of thè in￿MIng resryjrces and applicabr)n of resourGes, indud1￿j the income and expenditu￿. of ihe ehantab]e company for that year. In preparirg these financial statements, the trustèes are required to" select suiiablè accounting poliaes and then apply them consistently. observe the methods and wnciples in the Charities SORP". make judgetnents and estimates Ihat are reasonaNe an¢J ptudenl- sf8te whether applicable UK A￿Ounting Standards have followed. sutr4e¢t lo any matenal departures disclosed and explained in the finanaal ststements.- and prepare the financial statements on the g. In our opinion. the financial statements.. give a true a￿1 fair wew of the stale of the charitable company's affairs ss al 31 Augusl 2025 and of 115 incoming resources and application of resour￿. induding ils income expenditure, for the year then ended.. have been properly prepared in accordance wrth United lfjngdom Generally Accepted Accounting Praclit%", and have been prepared in accor(Jance with the requirements of the CompaniesAct 20Cfj. Basls for opinion We conducted (iur audit in accordance wrth Intemational Audib"ng Stsndard5 (UK) IISAS IUKII and applicabk law. Our ￿SponSibl11t1eS under those standards are fvrther desuibed in the Audkorts responsibilrfies for the audit of the Inancial slatetFFenls section of our report. We are inde￿ndent of the charitable company in aceordence wth the ethical requirements that are relevant to our audit of the finanoal statements in the UK. including Ihe FRC'5 Ethical Stsndard. and we have lulfilled our other ethical re¥x)nsibilib"es in accordan￿ with these requirements. We believe that the audit evidence we have obtained is suffiaent and appropriate lo provide a basi8 fo( our opinion. Concluslons relatlny to going concem In auditing the financial slalemenls, we have ¢oncluded that the trustee5' use of the goin9 concem basis of accounting in the preparab.on of trte financial statements is appropriate. Based on the work ￿ have performed. we have not identsfied any material ￿n￿rtaInlieS relating to events or eonditions that: individLJally or collectively, may c2St significant doubl on the ¢harilable company's ability to continue as a going concem fly 8 period of at least fvlelve months from vh)en the finanaal stslements are aulhorised for issue. Our responsi￿.11￿@S and the responsibilities of the ttustees re5perA to going concem are described in the relevant sections of this report. Other Information The other information comprises the information induded in the annual rerKJrt other the finawial statements and our a￿ltort$ repDrt thereon. The trust*s a￿ responsble for the other inf¢)malion contained within the annual report. Our opinion on the finanaal stalgnenls does not cover the other inlom)attoll and, except to the e*cent olhenmse explicitty slated in Dur report, we thj not express any form of assurance condusion thereon Our respon&bility is lo read the other infomiation and. in Joing so. consider whether the other information is materially inconsistent with the financial statements gr our knO¥￿edge obtained in the COU￿ ol the audrt, or Othe￿Se appears to be materialty misstated. If we identify such material inwnystencies or yarenl material misstatemenls. we are required to determine whether this gives rise lo a material misslalemenl in Ihe financial slalemenls themselves. If. based on the work we have performed, we condude that there is a material misststement of this other information, we are required lo rep)rt that fact. Vve have nothing to report in thi5 regard. SOUTHEND UNITED COMMUNITY FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE MEMBERS OF SOUTHEND UNITED COMMUNITY FOUNDATION Oplnions on other mattets prescribed by the Companies Act 2006 In our opinion. based on the work underlaken in the course of our audit" the information gwen in the buslees. report for the finawal year lor which the Iinancial statements 8re PTepared, which includes the dire¢tors' iewi prepared for the purposes of company law, is consistent with tt)e financial slalements", and the direclors. feport irKluded within the tW51ees' rewt has been prepkgred in accordance wrth applicable legal iequirements. Matters on vA)ich we are required to report by ex¢eptlon In the right ol the th0￿edge and Understand1r￿ of the tharitsble compaw and fcs environrnent obtained in the course of the a￿lit. we havè not identified material misstalements in the rfirectors, repcxl included within the Iruslees, report. We have nothing lo report in respect of the followiThJ matters in relation lo whith the Companies Act 2006 requires us to report to you if, in our opinKJn'. adequate accwnting iecords have not been kept, or retums adequate for our audit have not been receiv8d fiom branches not visited by us.. ¢y the financial statements are not in agreement wth the accounting rewds and returns; or rtain disclosures of trustees. rewnuneration speufied by law are not made." or we have not reeeived all the infoimation and eX￿ana￿On$ we require for our audit," or the trustees were not entitted lo prepare the finarrial statement5 in accordance wth the small companies regirne and lake advantsge of the small companies. exemptKJns in prepanng the trustees, report and from thè requirement to prepare a Strateg￿ repotL Responsibilities of trustees As explained more fully in the statement of Irustee5' responsibil￿e$. the trustees, vtho are also the directors ol the charitable company for the purpose of company law, are responsible for the preparation ol the financial slatetnenls and for being satisfied that they give a true and fair vlew, and for such inletnal Control as the trustees determine is necessary to enable the preparation of ffinancial statements that a￿ free from material misst8lement. whether due lo fraud or error. In preparing the finants81 statements. the Iruslee5 are reswnsible for assessing the charitable company's ability to continue as a going (K)rKetn. disdosing, as ap￿1¢able. matters related to going concern and Using the goirKJ concern basis of accounting unles5 the trust*s either inlelld to liquidate the charitable ￿MpanY or lo cease operations. or have no realistic allemakn.ve but to do so. AudltoVs re5ponslbllities for the audit of the financial statements Our obiectr'ves ale to obtain reasonable 8$Suran￿ aboul vthethef the finanaal statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an aLhdttorfs ￿pryt that includes our opinion. Reasonable assuran￿ is a high level Df assurance but is rKJl a guarantee Ihal an audit conducted in a￿ordanCe th ISAS IUKI wll always detect a material misstalemenl when it Èxists. Misstalemenls can arise from fraud or error and are considered material if. in(Jividualty or in the aggregate, they could reasonably be expected lo influen the èconornic decisions of users taken on the basis of these )InancÉal sL3ternents. Irregularities, induding fraud. are instances of nortrcompliance wrth laws regulations. We design procedures in line witr our responsibilities. OLJllined above, to detect material misstalemenls in respect of irregularities, induding fraLJd. Th8 extent to which our prtxedures are capablè of detecting irregularrtEs. induding fraud is detailed below. 10- SOUTHEND UNITED COMMUNITY FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SOUTHEND UNITED COMMUNITY FOUNDATION The objectives ol our audil are lo identrfy and assess the risks of matertal misaatement DI the financial stslemenls due lo fraurl Th error", and to respond apwopriately to those risks. Based on our undèrstandirwJ of the Charity and industry. and through dscussm wf(h the directors and other management las required by the a￿lling stsndardsl. we identsfied the prircipal risks of non-com[A1an￿ with laws and regulation5 related to Thè Children Acts 1989 & 2004, ￿￿rk1Thj Together ID Safeguard Children 2023, Safeguarding VLElnerable Groups Act 20￿, Protection of Freedoms Act 2012, Police Act 1997. heallh and safely and employment law. We considered the extent to which non-(x)mplIan￿ rnighl have a material effect on the finanThal slatetnen15. We also considered those laws and regulalions that have a dired Impact on the preparation of the ftnanaal slalemenls such as the Cotnpanies Act 2006. United IQNJdcm Generally Accepted Accountir Praciice, Charities Act 2011, Charities (Protectyon and Swal Investment) AEt 2016, as well as the constitution of the mpany. We communicated idenbfied laws and regulations through our team and exarnin￿ alert lo any indications of non- compliance Ihioughoul the audit. We evaluated management's incentives and opportunities for fra￿￿]ent manipulation of the financial stslements li￿lUdIng the risk of Dveite of ciJ)Irols}. anol determined that the principal risks We￿ rdaled lo Management bias in the all￿atiOn and valuation of ￿(xued income. Audit procedur8s perfornied by the engagement team included". Discussions with management and assessment of known or suspected instarKes of norpcompliance wlh laws and regulations and fraud, and review of the reports made by management Performing analytical ￿0¢edureS to identify any unusual or unexpected relalionships. inclurjing related party transactions, that may indicate risk5 of material misslalementdue to fraud. Auditing the risk of management override of C￿trol$. itduding thTough lesting journal entries at the year end and post year end. and other adjustments for appropriateness, and evaluating the bu5ine5s cationale of significant transactions outside the normal Course of business. TesliryJ was undertaken on randL¥n items in Ihe balance sheet and the Ferformance statement to avoid predICta￿lIty in our testing. Challenging assumptions arKI judgements made by management in r(s &gnificant accounting estimates. Be¢ause of the inherent limit8tions of an audit. there is a risk that we wll not detèct all Irr￿ u1arrties. including those leading to a rnaterial misstatement in the financial ststefflenls or non-crAnplk?nce laws and iegulations. This risk increases the more that Gompliance wth a law or r￿uLa￿'0n is removed from the events and transactions reflected in the financial statements, 8s we will be less likely to k)ecome aware of instances ol non-compliance. A further desciipts.on of our responsibilities is available on the Ftnanoal RepOrtIr￿ Council's website at". https."Il .ftc org.uklauditOfSTesponsibililies. This description fomis part of our a(%Jitorfs report. Other matters The financial slalements fot the year ended 31 August 2024 weie not audrted. AccoidiryJly, no audrt opinion was expressed on the prior period finarrial statements al the bme. A prior period adjuslmenl was required wthin the finanoal statements to 31 August 2025 Further details of this prior period adjustment can k found In Note 22. Use of our report This report is made solely to the charitable company's membeis, as a body. ki accordance with Chapter 3 of Part 16 Of the Companies Acl 2006. Our audil work has beèn undertaken so that we mieht slate to the charitatle company's members those rnatters we are required to state to them In an audrtor's report and for no olheT purpose. To the fullest exient permitte(I by law. we do not accept Dr assume respjnsibilty to anyone other than the charitable company and the charilable company's members as a bc#ty. for our audit wcfk. for this report, or for the opinions we h8ve formed. 11 SOUTHEND UNITED COMMUNITY FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TOTHE EMBERS OF SOUTHEND UNITED COMMUNITY FOUNDATION atson FCA (Sènior Ststutory Auditor) For and n behalf of Buckley Walson Limited, StatutoryAuditor Charte￿d Accountsnts 57a Broa￿aY Leigh-on-sea Essex SS9 1PE 29 June 2026 12- SOUTHEND UNITED COMMUNITY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOMEAND ExPEND￿UREACC0UMTj FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted Restricted nds funds Total ilnrestrt¢tsd Restricted funds funds as restated as restated as restated 2024 2024 2024 Total 2025 2025 2025 Notes Income from: Donations and legaoes Charitsble activits'es Other trading actimlies 302,811 654,418 9,296 1.393 276.749 304.204 931.167 9.296 261,490 418,674 8,111 261,490 634,555 8,111 215.881 Total income 966,525 278.142 1,244,667 688,275 215,881 904,156 Expenditure on: Raising funds Charitable adNilies 7,007 961.438 7,007 263.792 1,225,230 731,004 238,374 9S9.378 Total expenditure 968.445 263,792 1,232.237 731.004 238,374 969.378 Net incornellexpenditure) and movement in funds 11,920) 14,350 12.430 {42.729) 122,4931 165.2221 Reconciliation ol funds: Fund balances al 1 Seplemtrer 2024 28,124 28,124 70.853 22,493 93,346 Fund balances at 31 Augu$t 2025 26.204 14.350 40,554 28.124 28,124 The slalemenl of financial activities in¢ludes all gains and losses recognised in the year. All income and expenditure dèrive from continuing a¢b'Mbes. The figures f(K the year ended 31 Augusl 2024 are restaled due to 8 prior period adjustment. deta15 of which are found in nole 22. 13- SOUTHEND UNITED COMMUNITY FOUNDATION BALANCE SHEEr ASAf31 AUGUST2025 2025 2024 a5 r•ststsd Flxed ￿ets Twible assèts 14 81.3S8 92,860 Curr•ntasg•t8 Debtors Cash at in h8 16 83.980 22.765 94,863 30.621 1(E.745 125.484 Credltor5: amounts falllry due wlthln oneye4r 16 {147,544 11KI.2201 NÈtcurrent ￿￿11th 140.802) (64.7361 TotHI assets I￿9 ¢urr•rt liabllltles 28,124 Thefvnd$ ofthe ¢harftabto ¢Mipany Resthcted inwme funds Uryestricled bJnd5 19 20 14,350 ,204 28.124 28.124 Company wstr8tKJn n￿￿er 050?4505 The fina taterr￿nts were apwovgd ty the tNstees 26 2026 ett TNste¢ 14- SOUTHEND UNITED COMMUNITY FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 as Trststed Noles Cash flows from operating ac￿VIlle$ Cash absorbed by oper81ions 26 {2,707) 17.4231 Investlng actlvities Purchase of tangible fixed assets {5, 1491 1789) Net cash used in investing a¢llvllles 15.1491 891 Net cash gan8ratèd from financing activities Net decrèase In cash and cash equivalents 17.8561 18,2121 Cash and Cash equivalents al beginnirKJ of year 30,621 38,833 Cash and cash equtvalents atend of year 22,765 3C),621 15- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Aecounting policles Charity infomiatlon Scbulhend United Cornmunity Foundakn"on is a private charitable company limrted by guarantee Incorp￿ated in England and Wales_ The registered offits is Roots Hall Fr￿all GroLnd. Victoria Avenue, southend￿n-sea, Essex, SS2 6NQ, UK. 1.1 Basis of preparation The financial statements have been prepared in accordon¢e wlh the charitable company's governing document, the Companies M 2006. FRS 102 'The FInanCa￿ RepcKting Standard applicable in Ihe UK and Republic of Ireland" and the Charitiès SORP "Accounkn"ng and ReForbrKJ by Charities.. Statement ol ReGommended PraciTce applicable lo charities preparing theiT accounts in accordance with the Financial Reportiro Standard applicable in the UK and Republic of IreL4nd IFRS 1021" The charitable company r3 a Public Benelit Entity as defined by FRS 102_ The financial statements are wep8￿￿ in sterling. wh￿h is the fun1xi￿al currency of the charitable company. Monetary amounts in these financial statements are rounded lo the nea￿1 Btilrsh Pour*d Sterling. The financial ststemenls have been prepared u￿ler the histoncal cost convention. The principal accounting policies adopted are set out beltr￿. 1.2 Going concern The Iruslees have assessed the charitable companls abilty to conts.nue as a going con￿M. In making this assessmelll, the Trustees have rewewed the Fcwn¢alton's finanaal p05it)on togelher with cash flow forecasts, fiJlure budgets and anticipated funding. The following are eonsidered by the trustees to be the most &gnffi￿t challenges facing the charitable company at thè present time. Ongoing intègration issues regarding the new educabonal contract with Southend City College and the wraparouné provision for new Sem￿ levels_ Disappointing success rates in ￿SpeCt of furKfjng applicab.ons due io tough market ￿nditIons. This is shortly lo be addressed wlh the appointment of a new trustee vthh a *roTrJ finanoal background. ilsl recognising the continuing challenges associaled wrth lunding. education growth and the wider ecoTh)mi¢ environrnenl, the Trustees are satisfied that appropriate Flans arKJ mitigab'ng actions ale in place and are satisfied that the enkn.ty has adequate resoU￿e$ lo continue in operational existence lor the foreseeable future. Accordingly, at the b'me of approving the ffinancial statements they COnd￿e Ihal these do not repiesenl a rnalerial ur￿ertaInty that may ￿st signfficanl doubt on the charitable company's ability lo CDntinue as a going concern. They are grateful for the ongoing support of Soulhend Unrted Fwtball Club, and lor this reason and those mentioned above, the financial statements have been prepared on the going concem ba%s. 1.3 Charitable funds Unrestricteé funds are availaNe for use al the discreb.on of the tnjstees in furtherance of their charitable objectives. Reslrieled funds are subjert lo specific cotKIrtIOn5 by donors or grantors as to how they may be used. The purposes and uses ol the restricted funds are sel in the notes lo the finanaal slaletllenl5. 1.4 Income Generally. income is recognised vthen the charitable company 15 legally entrfed to it 3ft8r any performance cont*lions have been mel. the amounts c3n be measured relkibfy. and il is probable that incorne will be re¢eved. 16- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting polleies (Continued) Legacies are included in inc￿ne when the charty is entitted lo the legacy, receipt Is probable and the amount can be measured reliatAy. Lega¢ies are recognised at best eslirnale of the amount receivable. Any adjuslmenls lo previously re￿gnised lega￿ income are accwnled for in the FRriod in which the adjustment becomes known. Grant in¢ome is recognised in income when the ¢hanty has entit￿ment to funds. ￿e￿Ipt is probab￿, and the amr4Jnl Can be measured reliabty. Grants vthich are subject to specific perf￿rMa￿￿relat@d conditions are iecognised as ineome only the conditions have been mel. Where grants are received in acJvanGe of mèebng su¢h condtkn"ons, the amoLJnts are deferred and In￿L￿ed swlhin Credit￿8. Grants re￿1vable for the general purposes of the charity a￿ reG￿J￿15ed when Ihe charity has an unwndrtronal enb'tlemenl to the Income. Any grants receivable twt rK)t yel reeeNed at the rep￿tIng date are indLthd wlhin debtors. Income is deferred where the grant receivable wers pertomi8nce corvjrtions which cover a sèt period of "me, generally being the footbJl season. Income is akKated ¢)n a prtrrated monlhly basis. Membetship fee income is recognised when the charity is enti￿￿ to receipt. it is probable that Ihe I￿ome will received, and the amount can be measured reliably. Wherè membership sub￿ripts-0nS relate lo a specific tkriod, income is recognised on ? straight-line ba￿S over the pellod to which the membership relate5. Amounts received in advance relab'ng to future periods a￿ deferted and recognised as income in the relevant counting perKJd. Membership subscripkn.ons are dassiffied as irtorne Irorn Charitable activities where ernbers receive benefits that further the chariws charitable PLJfp05es. Mthere subs¢ripts"ons are primarily in the nature of ¢Jonats"Dns, they are recognised as income from donations aThJ legaaes. Incorne from fLJndraising activttses. including donaborts received through fundraising events. appeals, sponsorships and olhei fundraising t￿MpaIgnS, is re￿nised Wh￿ the charity is entitled to the income. receipt is probable and the amount can be measured reliably_ Ir￿ from fundraising events is recognised hen the event lakes pkce. wthe￿ fundraising income is re￿iVed in advance ol the rdated event, rt is deferred and recogniseol in the period in which the event occurs. Donations and sponsorship income a￿ recognised when the COn￿￿onS for recognition are m8t. Gift Aid recoverable on donations is reC￿niSed when the related donation is recognised and there is reasonable eertainty that the claim will be received. Any fundraising in¢oN* received subject to dor￿r-1mp0$ed restrictions is indLJded within restri¢led fund5. 1.5 Expendttu Expenditure in respect of charitable activitTres and raising fvftds are recognised once there is a legal or constructive obligation lo transfer econom¢ beneffit lo a third paty, it is probable Ihal a transfer of economic benefits will be required in setttement, and thè amount of the o￿lgatiOn can be measurèd reliably. Expenditure is classified by actmty. The costs of &2ch activity are made up of the Eotsl of dir&t costs and sharecl costs, including support costs involved in undertaking each a(*"vity. Direcl costs attribu1ab￿ to a single activity are allrx*ed diTectly to that activity. Shared costs whth ¢c￿triblrte to mole than one activity and support costs which are not aitributable to a single acb.vity are app0rtTr￿ed beNveen those activits.es on a basis cor)sistent with the use of resources. Central staff costs are allo(31ed (Y) the basis of ests"maled lime spent, and depreaab'on charges are allocated on the pioportion of income. Govemanee costs include costs associated wlh constitutTronal and stalulory iequiremenls. induding extemal audit, independent examinabon, trustee meetings. and pieparation of ￿tU￿ry accounls These costs do not include the direct management or administration ofGharitable activib'es or fundraising. Governance costs are recognised on an a¢¢nJals basis in the perk)d lo which they relate. measured at the amounts payab￿ for goods and services received, gr05s of irrecoverable VAT. 17- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng policies (Continued} Support costs comprise costs incuThed directty In Supp￿ of expendrture on the objects of the charity and include finance. human resour￿, IT. office manawnenL premises. administrative staff costs. Support Costs are allocated lo the tharitable activities arKI costs of r815ing funds on a ba51s corEislenl with the use of resources. The bases of allocation are reviewed annually and applied consisEently. The prirncipal melhod of allocation is in direct w0￿r￿"0n to the of income each acts"¥ity generates in the year. 1.6 Tangible fixed assets Tangble fixed assets are tnitialty measured at cost and subsequenty ft￿SUred al cost, net ¢f depreciation and any impairment losses. Dewecialion is recognised so as to write off the cost of assets less their residual values over their useful lives on the folltmng bases.. Moveable buildings Fixtures, fittings & equipment Motor vehides 10% straight line basis 15% & 33% straight line basis 33% straight line bas(s The gain or loss arising on the dispK)sal of an asset is detemiine(l as the drfferer1￿ be￿een the sale proceeds d th@ carying value of the asset, and is recognised in the statement of financial ath"vities. 1.7 Impairnient of fix¢d assets Al each reporting end date. the tharttable company revie￿ the caryirg amounts of ils tangible assets lo deletmine whether there is any indic81ion that those as5et5 have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to delemine the èxlent of the impairment loss lif any). 1.8 Cash and cash gquivalents Cash arKI cash equivalents indude ￿$h in hand. depostis held al call with banks, and bank overdrafts. 1.9 Financial instrumènts The charitable cornpany has elected to appty the provisions of sect￿ 11 'Basic Financial Inslrumenls, and SeCt￿n 12 '0ther Finanaal Instruments Issues. of FRS 102 10 all of rts financial instruments. Financi81 instruments are recognised in the chantatje cunpanys bajance sheet when the tharitsble company LEcomes party to the contractual provisons of the instrument. Financial assets and liabilth.es a￿ offset. wtth the nel amounts presented in the financial stslemenls. when there is a legally enforceabte righl to set off Ihe recognised amounts and there is an intention to setue on a net basis or lo iealise the asset and setue the liability simultsneously. Basic financial assets BasiG financial a55et5, which Indude debtors and ￿$h and bark balawes. are initially measured al transaction price Including transaction costs and are subsequentty carried at amortised cost using the effective interest method unless the arrangèment consb'luies a financing transacts"on. where the tran5aclioN is measured at the present value of the future weipt5 discoUnt￿j at a maAet rate of interest Financial assets dassified as receivable within one year are not amortisetl. 18- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Ac¢ounting pollcles {Continuedl Basic financial liabilities BaSlG finanaal liabilrties. induding creditors are inilially recconised al Irans8Ction price unless the ¥rangemenl consts"lutes a finanang Ir8n5aclion, where the d@bl instrumènt is meagjreé al the present value ol the future payments diswjnted * a market rate of interest. Fina￿la1 bats'lth"es classffied as payable within e year are not amortised. Debt InslnJrnents are 5ubsequentty carried at am0￿"Sed cost ustng ￿ eff￿tive interest rate method. Trade creditors are Obl￿allonS lo pay for go(Kls tx sery1￿S that have been acquired in the ordinary course of ¢)peratt"ons frorn supplEis. Amounts payable a￿ elass-fied as current liabilities if payment is due wthin one year or less. 11 not, they are presented as non-currenl liabilities. Trdde creditors are recognised inib.ally at transaction price and 5ubsequenty measured at amrtised cost using Ihe effeth.ve interest melhod. Inan¢ial liabilities Derecognifion of r Financial liabl￿tieS ale derecognised when the charitsble eompanys contractual obligations expxre or are distharged or can￿lled. 1.10 Retirement benetits Payments lo defined contributton retiremenl benefit S￿￿e5 are charged as an expense as they fall due. Critical a¢¢ountlng esllmates and judgements In the appliGats"on of the charitable company's 8ccounb.ng pOl￿e$, the trustees are required lo make judg8menls, estimate5 and assumplions aboul the (3rrying amount ofassets and liabilities Ihal are not readily apparenl from other SoUr￿s. The estimates a￿1 associated assumptr)ns are based on historical experien and other factor5 that are considered to be relevanL Actual resutts may differ from these estimates. The eslimales and urHlerlying assumptions are reviewed on an ongorng basis. Revisions lo accounting estimates are reeognised in the periThl in which the eskn.mate is revised where the revision affaets only that period, or In the perioKI of the rewson and future peri(Kls whwe the revision affects both current and future periods. Critical judgements Going concem The Iruslees have assessed the tharity's ability lo continue as a goirrfj C￿CeM for a peiiod of al least twelve months from the date of approval of these financial statements. In making this assessment, they have consideied the chanly's current finanaal posrtion. ¢2sh fflow f¢yecasls. available finanang farAlib"es, expected future income streams, and the prevailing erA)nomic environment. The assessment requires the exerase Df judgement. particul8rty in relatK)n to assumptions regarding future income, expenditure levels, and the timing of cash r￿1p1s. Based Lir) this assessment, thé Iruslees have concluded that il 15 appropnate to prepare the financial slalements on a gcing concem basis. Allocation of support and shared costs The Trustees are required to consider the allo(3tson of support and shared costs between charrtable activities 8nd laising funds. This depends on the fiatu￿ of the expenditure incLKred. Key sources of estlmatlon uncertalnty 19- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 AUGUST2025 Critical accounting estimates and judgements Icontlnuedl Depreclation rates and estimated useful lives The Trustees are required to estimate rates of depreuatl￿ for tangibte fixed assets. These are based on the category under whth the asset is ¢alegorised and calculaled using an estimated residual value for each asset A¢cwal$ for expenditure incurred bul not invoiced Given the liming of the year-end near lo Ihe dosure of educational estaNishments for the summer holidays, there arè a significant number and value of outstanding invoices for expenditure made in respect of the year but not received or paid until some time after. The Trustees are req￿ed to extensively review post year-end records to ensure all known liabilrties at the year-end are recognisad. Income from donations and lègacies Urtrestsicted RestrKtsd funds Jnds 2025 2025 Total Unrestrictèd Restricted funds funds 2024 2024 as raslated Total 2025 2024 as restated Donations and gifts (see below) Grants Membership fees 275,789 16,925 10,Q97 1.393 277,182 16,925 10,097 208,460 46.338 6,692 208.460 46,338 6,692 302,811 1,393 3D4.204 261,490 261,490 Donatlons and gtfts Participation Education Cohesion & Health Gene¥al Other 211,342 1.571 212.913 176.968 1,517 7,725 34.050 111.800) 176,968 1,517 7,725 34,050 {11,8001 6,410 58.037 195 {3731 6.605 57.664 275.789 1.393 277.182 208,460 208,460 -20- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Income from charitable activities Unrestricted Restricted funds fund5 2025 2025 Total Unrestricted Restrl¢led funds funds 2024 2024 2024 as restated as rtstated as restaled Total 2026 Participation Services provideé under conlracl Perfomiance related grants 107.964 107.964 11,457 11,457 68.715 70,285 139.000 40,747 44,112 84.859 Education Services provided under Contract performan￿ rdated grants 455,739 455.739 366.470 366,47D 25.000 25.000 7.920 7.920 Cohesion Performance related grants 22,000 115.000 137.000 117,083 117,083 Health Perf¢xmance related grants 51,350 51.350 10,000 10,000 General Performance ￿lated ants 15.114 15,114 36,766 36,766 654,418 276,749 931.167 418,674 215.881 634,555 Income from other trading activities Unrestricted Unrestricted fund$ funds 2025 2024 as restated Fundraising events 9.296 8,111 -21 SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Expendlture on ralsing fvnd5 Unrestrlcted Unrestricted funds funds 2025 2024 Fundralslng and publicity Other fundraising costs 7,007 Expenditure on charltable activities Participation 2025 Education 2025 Coheslon 2025 Health 2025 General 2025 Total 2025 Dlrect costs Staff costs Hire of facilthes Project supplies Kil and equipment Prizes and promotional Other 274,223 44.853 21.851 5,931 3,194 244,059 61.962 9.009 912 483 1,294 127.708 15,066 5,563 213 919 115 645,990 121.881 36,516 11,2D5 4.596 1.914 93 4,149 505 350,052 317,719 149.584 93 4,654 822,1 D2 Share of support and governance costs Ise¢ note 81 Support 136,997 145.466 Governance 14,579 15,430 44.202 5.176 13,655 1.628 23,351 2.644 363.671 39,457 501,628 478,615 198,962 15,376 30,649 1.225.230 Anatysis by fund Unrestricted funds Restricted fvnds 429,773 71.855 453,613 25.002 83.768 115.194 (21.6241 37,000 15,9D8 14,741 961.438 263.792 501,628 478,615 198.962 15.376 30.649 1.225,23D SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Expenditure on charitable activitles {Contlnued} Prevlous year.. Participation Education Cohesion Health General Total 2024 2024 2024 2024 2024 2024 a5 restated as restated a$ restste(l as restated as restated as restated Direct costs Staff cosls Hire of lacilrties Project supplie5 Kit and equipment Prizes and promotional Other 152,513 19.549 18.843 6,605 1,630 47 212,280 6,897 27.631 12.361 3,286 138.609 20,377 2,268 955 142 110 503,402 46,823 48,742 19,921 5,058 2.013 199,187 264.311 162.461 625,959 Share of support and governance costs (see note 81 Support 99,357 132,669 Governance 5,461 7,210 60.314 3.460 16.760 290 16.319 1.579 325,419 18,000 304,005 404.190 226.235 17.050 17,898 969,378 Analysis by fund Unrestricted fUr￿S Reslricled funds 259,895 44.110 342.783 61.407 109,151 117,084 1.971 15,079 17,204 694 731.004 238.374 304.005 404.190 226,235 17.050 17,898 969.378 -23- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support costs allocated to activities 2025 2024 as restated Staff costs Depreaats'on Operating lease charges Telephone Motor & lTrvel Staff welfare, training and expenses Facilities Lrtililies & insurance Professional fees tr expenses Bank GhaTges and interest Repairs. waste and sundry Printing. postage and stslwjnery Ladies & Walking Teams Governance costs 167,761 16,653 22,667 9.442 24,706 9.923 39.028 20,001 41.323 11,557 4.￿7 8.085 5,915 22,(100 164,308 21.830 16.000 10,191 24.212 20,531 8.024 32,076 18,167 1,634 4,017 8,614 14,1851 18,000 403,128 343,419 Anaty5ed between: Participation Edl￿atIon Cohesion Health G&neral 151.576 160,896 49.378 15.283 25.995 104.818 139,879 63.774 17.050 17.898 403.128 343,419 2025 2024 Governance costs comprise.. Audit fees Acc(yJntancy 4.000 18.000 18,000 22.000 18.000 Nèt movèmènt in funds 2025 2024 as restated The nel movernenl in fijnds Is staled after chargingllcredrtJ'ngl- Depreciation of owne(I tangible fixed assets OperalirrtJ lease charges 16.653 22,687 21,830 16,000 -24- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 10 Auditofs remunerdtlon Fees payable to the charrty's auditor and assooales." 202$ 2024 For audlt seNices Audit Df the financial slalemellts of the charity 4.000 For other services Independent Examiner serVI￿S All other non-audil services 3,600 14,400 18,QOO 18,000 18,000 11 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the Charitable company during the year. 12 Employees The average rnonthly number of em ￿0yeeS during the year was" 2025 Number 2024 Number PartlClP81ion Education Cohesion General 11 10 Total 26 Employment costs 202$ 2024 as ￿$tated Wages and salaries Social se¢urity costs other pensK)n costs 732.729 60,673 20,349 607,119 42,498 18,093 813.751 667,71 D The number of employees ifyhose annual remuneration was more than £60,000 is as follows.. 202S Number 2024 Number £60,000 to £69,999 -25- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 12 Employees Icontlnued) Remuneration of key manag8ment pèrsonnel The ￿MUneration of key management wrsonnel was as follows". 2025 2024 Aggregate compensaliDn 67.978 68,991 Key management personnel indude all persons that have and responsibility for planning. directing and controlling the aclivrtigs of the charity. 13 Taxation The thaiity is exempt from taxab'on on its ath"kn"es because all its income is applied for charitable purposes. 14 Tanglblg flxed assets MoveablE buildinys Fixtures. ritting5 & ewtprnert Molor vehIc￿S Total Cost At 1 September 2024 as restated Additions 102.199 126,130 1,085 47,665 275.994 5,149 Al 31 August 2025 106.263 127,215 47,665 281,143 Depr8ciation and Impairn)ent Al 1 Seplernber 2024 as restated Depreciation charged in the year 14,297 10.610 126.130 1,085 42,707 4.958 183,134 16,653 Al 31 August 2025 24,SMJ7 127.215 47.665 199,787 Carrying amount At 31 August 2025 61,356 81.356 Al 31 August 2024 87.902 4.958 92.86D 15 Debto 2025 2024 as restated Amounts falling due wlthln one year- Tmde debtors Other debtors Prepaymenis and accrued income 19,035 39 64 906 31.698 63,165 83.980 94,863 -26- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 16 Creditors: amounts lalling due withln one year 2025 2024 as restated Other taxation and swal 5ecJJrty Deferred income Trade creditors Other creditors Accruals 32,892 21.517 74.865 3.198 15,075 98.913 21,542 63,093 3.072 3,600 17 147.547 190,220 17 Deferred income 202S 2024 as restated Other deferred income 21,517 21,542 Deferred incorne is included in the financial statements as follows.. 2025 2024 Dèferred incoffle is included wthi'n". Current 11a￿.1rtIes 21.517 21.542 2025 2024 Movements in the year Deferred incorne at 1 Septembef 2024 Released from previous periods Resources deferred in the year 21,542 115.3251 15,300 21,542 Deferred incorne al 31 August 2025 21,517 21,542 18 Retirement benefit schemes 2025 2024 Deflned ¢ontrlbution schemes Charge io profft or Ioss in Tespect of defined contn'bub'on sthemes 20,349 18,093 The charitable company operates a defined c£Jntribution pension sthemè for all quality.ng employees. The assets of the scheme are held separately from UK)se of the cFwitable company in an independently administered fund. -27- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 Restricted funds The iestricted fvnds ol the charity comwse the unexpended balanc*s of d¢y)ations and grants held on trust subject to specifi¢ conditsons by d￿orS as to how they may be used. Inccrfning September resources 2024 Resources At 31 August expended 2025 Move & Learn Primary Stars Participation- Addition81 Fudning NCS Premier League Kicks EASST Health -Additional Funding National League Funding General- Additonal Funding 30.285 26.305 15,267 25,000 65.195 {30,2851 {26,3051 {15,2671 {25,0001 {65,195 (50.0001 19.5001 {27,5001 (14.7401 23,850 27,500 14,740 14.350 278, 142 1263.7921 14,35Q Previous year: At1 September 2023 as restated as restated Incoming resources Resources At 31 August expended 2024 as restated Move & Leam Primary Stars NCS Premier League Kicks EASST National League EPC National League Funding General- Addition81 Funding 18,940 25,171 7.920 75,000 40,000 2,084 10.000 36,766 118.9401 125.1711 130,4131 175,0001 140.0001 {2.0841 110.0001 136.7661 22,493 22,493 215,881 1238.3741 -28- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 20 Unrestricted funds The unrestricted funds of the charity comprise thè unèxpeThJed balances of donations and grants wh￿h are mt subject lo specific condition5 by donors and grantors as lo how tFw be used. These indude designated fil￿S vthith have been set aslde out of unrestn.cted funds by the tWU5tees for Specific purposes. At1 September 2024 as restated Incomlng resources Resources At31 August expended 2025 After Schools CoaGhing Holiday & Lunth fime Clubs Soccer Schools Penalty Shoot Out Mascots. Team Event & M*ch Day Senior Shrimpers Development Centre Essex Communty Cohesion Futsal General 64.124 101.618 47.545 36,894 30.6TT 13.079 107,964 35.010 455.739 73.675 164.124) 1101,618) 147.5451 136.8941 130.6771 (13.0791 {107,9641 (35.0101 {455.7391 175.7951 28,124 26,204 28.124 966.525 {968,4451 26.204 Prevlous year: At1 September 2023 Incoming wesources Resources At 31 August expended 2024 as ￿$tate(l as restated as reslaled After Schools Coachrng Holiday & Lunch Time Clubs SoC￿r Schools Penalty Shoot OLrt Mascots. Team Event & Match Day Senior Shrim￿r$ Development Centre Essex ComFnunity Coheslon Futs81 General 53,617 78.736 46.117 18,124 28,946 5,1h7 11,457 43,305 365.487 37,419 {53.6171 178.7361 {46.1171 {18.1241 {28.9461 15.0671 {11.4571 (43.3051 {365.4871 (80.1481 70.853 28,124 70.853 688.275 1731,0041 28,124 -29- SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 21 Analysis of net assets between funds Unrestiicted funds 2025 Restricted funds 2025 Totsl 202S At 31 August 2025: Tangible assets Current assetsllliabilib'es} 81,356 (55,1521 81,356 140,8021 14,350 26,204 14,350 40.554 Unr8slricted funds 2024 RÈstrlcted funds 2024 Total 2024 At 31 August 2024- Tangible assets Current assetsllliabililiesl 92,860 164,7361 92.880 164.7361 28,124 28,124 22 Operating lease commitmènts Les$ee The operating leasès represènt a lease of £24,000 lo thiTd parties. The oruinal lease expired 31 August 2025 and was re- negotiated for a further lemi of 2 Yea￿ wth rentals fixed at £52.(X)O per annum. Al the ￿porting end dale the chatrtatAe company had outstanding ¢ornmibnents for future minimum lease payments under rnon-cancellable operating leases. which fall due as follows. 202S 2024 Mfithin one year Between two and live years 52.000 52,000 24,000 104.000 24,000 23 Prlor period adjustment SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Prfor perlod adjustment Icontlnuedl Changes to the balance sheet At 31 August 2024 As previously Adjusth)•nt reported As r•stated Current assets Debtors due within one year Creditors due withln one year Deferred income 130.643 135,780) 94.863 121,542) 121,5421 Net assets 85.446 157,3221 28, 124 Capital funds Income funds Unrestricted ftjnds 85,446 157.3221 28,124 Total equity 85.446 157,3221 28.124 Changes to the siatement ot finan¢lal activiiies Period ended 31 August 2024 As previously Adjustment As restated ported Donations and legaoes Charitabl& activities 294,832 650,535 133,342) 115,9801 2S1,490 634,555 Charitable activities 961.378 8,000 969.378 Net movèment in funds (7,9001 157,322) 165,2221 During the ye8r. it was discovered th* a number of adiuslments needed to be made to the Balance Sheet a5 at 31 August 2024 ancl the statement of finanical acbvibes for thè year then ended. These were in respect of calculations lo entries included wrthin accrued and deferred income. As these sums were material. the figures for prepayments & accrued inco(ne accwals & deferred income. charitable and expenditure have trEen amended. resLdling in a prior period adjustment. Comparative figures have been restated and an adjusbrent has been made lo opening funds, details of which can be found above. In addition, this is the first year whic17 the charity qualffies for audit based on ils income threshold. Addition81 disc105ure has been provided for the year to 31 August 2024 to comply with the framework's requirements. 31 SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 24 Rolated party transactions Transactions with related partles Durir¥J the year the charitable company entered into Ihe followng Iransa(*ons Mriitt related parties: Facilities 2025 DI￿¢t Charitable expenditure 2025 2024 2024 Other related parb8s 20.000 10.000 12.932 12.029 20.000 10.0(K) 12,932 12,029 The related paty is Southend United Football Club. an ents.ty Trmth whith the Foundation shares significant operatii)nal resources, have one Direcior Trustee In common and who is able lo exert influence The charge in respect of faalities of £20.00012024.- £10.CN)01 covers Offi￿ space induding utilities, use of an executive box. tickets for league gamès. Youth Team playing facalities for FA Youth Cup fixtures. off-season pitch hire, Youth Team use of gym and physiotherapy faalities. The following amounls were outstanding at the reporling end date". Amounts owed to relat9d parties 2025 2024 Other reL4ted parties 27,470 17,284 27.470 17,284 The following amounts were outstanding at the rèporting end date- Amounts owed by related Amounts owed by related partie5 parties 2025 2024 Balance Balance Net Net Other rdated parties 1.050 1.050 3.400 3.400 1.050 1,050 3,400 3,400 SOUTHEND UNITED COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 25 Cash absorbed by operations 2025 2024 as restated Surpluslldeficill for the year 12,430 165,222 Adjustmonts for: Depreciation and impaitment of tsngible fixed assets 16,653 21.830 Movements in working capltal: Decreasellincrease) in debtors IDecrease)fin¢rease in creditors (Decreaseyincrease in deferred income 10,883 142,6481 1251 115,6761 30,103 21,542 Cash absorbed by operdtions 12,707) 17,4231 26 Analysis of changes in net funds The charitable company had no material debt during the year.