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← Sheffield Wednesday Football Club Community Programme

2024-08-31-accounts

REGISTERED COMPANY NUMBER: 05053927 (England and Wales) REGISTERED CHARITY NUMBER: 1108538

Report of the Trustees and

Consolidated Financial Statements for The Year Ended 31 August 2024

for

Sheffield Wednesday Football Club Community Programme (A Company Limited by Guarantee)

Roddis Taylor Robinson Chartered Accountants Statutory Auditor Unit 6, Acorn Business Park Woodseats Close Sheffield South Yorkshire S8 0TB

Sheffield Wednesday Football Club Community Programme

Contents of the Consolidated Financial Statements For The Year Ended 31 August 2024

Page
Report of the Trustees 1 to 12
Report of the Independent Auditors 13 to 15
Consolidated Statement of Financial Activities 16
Consolidated Balance Sheet 17
Company Balance Sheet 18
Consolidated Cash Flow Statement 19
Notes to the Consolidated Cash Flow Statement 20
Notes to the Consolidated Financial Statements 21 to 34

Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal objectives of the charity are to support education, health and inclusion of both adults and children within the Sheffield City Region, using the game of football and other ancillary sporting activities as an educational tool.

The main aim during the year was to encourage more people, especially children to engage with the charity's programme. The charity further aimed to promote closer links between Sheffield Wednesday Football Club (SWFC) and the local community, to utilise the Club's facilities for improvement in education, health and wellbeing, inclusion and participation.

Significant activities

Community Involvement:

SWFCCP engages with over 20,000 people every year, with a social value estimated to be in excess of £8million during the year ended 31 August 2024. Utilising the power of our football brand, led and delivered by a specialist team, we have diversified our provision to allow us to support the lives of some of the most underrepresented and disadvantaged communities within Sheffield.

Within the last year, our partnerships have grown, building on our already existing strong relationships and introducing further Sheffield Council contracts, partnerships with Sheffield Hallam University, increased primary & secondary schools and Primary Care Network referral pathways. The reach of SWFCCP is significant across Sheffield from a geographical perspective, as well as through a diverse range of targeted provision for people. SWFCCP now supports over 60 new parents and toddlers, supporting over 200 young people into employment, provides targeted mentoring to over 120 young people, engages with ex-armed forces and offers respite for families with children who have additional needs. The Community Programme continues a highly successful Education & Employability department, through BTEC courses, Alternative Provision, Foundation Degrees, Youth Employment and Adult Education. Engagement numbers and attainment has been maintained and is forecasted to increase.

On an annual basis, the Community Programme continues to deliver fund raising events for numerous charities, supports the homeless over Christmas and engages the wider fan base and local community through events like Owls in the Park, which returned in June 2024 witnessed by over 20,000 people attending throughout the day. The SWFCCP Community Facility, based close to the stadium hosts hundreds of people every week to stay active and participate in football or health-based provisions.

Community Programme:

SWFCCP is the club’s charitable arm, established to support the development of cohesive communities around South Yorkshire and increase engagement, training provision, employability opportunities and support amongst its residents working across four EFL key themes:

Vision: Developing Communities Together.

Mission statement: Embed ourselves in communities - working together to develop outstanding provision and facilities.

Page 1

Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

Values:

  1. Passionate belief in the principles of our practice.

  2. Commitment to provide quality provision and services.

  3. Overcoming challenges with strength and resilience .

  4. Learning is at the core of all of our delivery.

  5. Champion equality and recognise the value of Integration .

Strategic aims:

  1. Continue to develop all aspects of our programme.

  2. Demonstrate strong outcomes and impact.

  3. Strengthen, sustain, and grow.

4. Recognise and react to community need.

5. Ensure safe and inclusive practice.

Education and Employability

Partnerships are the key to the programme creating sustainability, with associates on board from SWFC, Sheffield College, NCFE, Skills Funding Agency (SFA), SCC, NCS Trust, EFL, Football Foundation, Sheffield and Hallamshire County FA, and Premier League (PL).

Jubilee Facility:

Our facility on Claywheels Lane, provides a state-of-the-art 3g pitch for use by the local community plus allowing SWFCCP to develop further its various programmes. Our recently installed community gym is now fully operational and is a hive of activity tackling such issues as obesity, chronic pain, mental health amongst other aspects around wellbeing.

Cruyff Foundation Court:

With funding from Sheffield City Council and the Johan Cruyff Foundation, we have been able to develop a new site within Parson Cross Park. This offers a new 3g mini pitch which is open daily to the public. Further community activities will be delivered by SWFCCP using funding from the PLCF.

Education Programme:

Based on the academic year 2023/2024

Alternative Provision

Post-16

BTEC Level 3

Degree

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

We work in partnership with the Sheffield City Council, our local authority, to provide Alternative Provision programmes for KS2, KS3 and KS4. This programme is for learners who are disengaged with mainstream education, for what could be a number of reasons. The wide range of disengaging factors span from learning difficulties to behavioural issues, all learners have the ambition of reintegrating into education. We offer vocational qualifications plus additional numeracy and literacy skills workshops, whilst using the power of sport to try and re-engage young people back in to mainstream education. Pathways are in place for students to attend post-16 provision at SWFCCP at the end of year 11.

Our post-16 Education Provision delivers Study Programmes that includes BTEC level 1 in Sport, NCFE Level 2 in Sport (Coaching Pathway), BTEC Level 3 Nationals Extended Diploma in Sport Coaching, Development and Fitness. Learners are taught by fully qualified teachers from the SWFCCP and re-sit GCSE English and Maths if they have not achieved a GCSE Grade 4 (or above). All students have an enrichment timetable that includes training and participating in an 11-a-side football programme, representing the college in the EFL Community Alliance league, Sheffield and Hallamshire Flexi-League or the National Youth Football League.

All learners take part in work placements with the aim to improve their CV and give them vital work experience in preparation for Higher Education and employment. Clear pathways are in place through the courses, with progression to Higher Education provision.

Learners successfully undertook additional coaching qualifications boosting their employability prospects and contributing to learner satisfaction.

In Partnership with the EFL Trust and the University of South Wales, we offer a Foundation Degree in Community Football Coaching and Development with a top-up to a BSc (Hons) Football Coaching Development and Administration Degree. We have over 90% success rates of employment for students that have completed the full BSc (Hons) Degree. In partnership with Loughborough College and Sheffield Hallam University we offer a BSC (Hons) Degree in Sport and Exercise Science which has had a successful first year with an 83% pass rate and 100% of students continuing their studies who completed the first year.

In partnership with DWP, we aim to upskill and support young people aged 16-24 to gain employment. We endeavour to support young people with their employability skills, confidence building and maths/English qualifications, whilst undertaking work experience.

Participation:

Mini Owls:

At our Mini Owl's programme, we give children a positive introduction to football by teaching them high quality football skills in a friendly, pressure free environment. The Mini Owls session takes place at the SWFCCP facility. The sessions are fun-based learning programmes for 4-12-year-olds to encourage all aspects of balance and co-ordination, with both mental and social development. Each Saturday morning, we have close to 100 children attending our sessions, where the children play fun engaging games, before playing friendly matches towards the later part of the sessions. Each week prizes and medals are on offer for the children that attend our sessions. As well as this we offer each participant a loyalty card, where after 8 sessions a free session is awarded.

Holiday Programmes:

Soccer Camps are delivered at our SWFCCP facility throughout each school break across the course of the year. SWFCCP Holiday Programmes are affordable sessions, delivered by FA qualified community coaches and serve as a fantastic way for children to spend the school holidays. Our coaches provide a rewarding educational and fun football coaching experience for girls and boys aged 5 - 14 years old, regardless of background or skill level. Throughout the holiday period, our football camps have reached capacity at 130 children per day.

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

Development Centres:

This is one of SWFCCP most high-profile schemes. We run several development centres city wide at a number of different venues to reach as many young people as possible. SWFCCP partner with Sheffield City Trust to deliver a development centre session every day of the week, engaging over 1000 children per month. Our venues include, Springs Leisure Centre, Hillsborough Leisure Centre, and Concord Leisure Centre, with the hub for our advance development centre being located at the SWFCCP Community Facility. Our city-wide development centres act as a pathway to our advance development centre. Our advance development centre includes an Advanced Training Syllabus where sessions are planned in partnership with the SWFC Academy. This gives the chance for participants to potentially progress into the academy which in turn could lead to a professional career in football.

School Programmes – Curriculum Coaching/Breakfast Clubs/Lunch Clubs/After School Provision:

SWFCCP delivers provision in over 35 primary schools across the city. We deliver a wide range of activities to our partners schools, with the main core of our delivery being Premier League Primary Stars which uses the appeal of the Premier League and professional football clubs to inspire children to be active and develop important life skills. The programme has been developed and is managed by the Premier League Charitable Fund, a Premier League funded charity which aims to create positive and lasting sporting, health and education outcomes for children, young people and the wider community. SWFCCP work alongside the Premier League and The National Literacy Trust, to use there resources to deliver workshops, events, interventions, competitions and other provision to give the young people we work with the most impactful experience they can. On top of this at SWFCCP we deliver a wide range of breakfast clubs, P.E lesson delivery, Teacher CPD support, Lunchtime support, and after school club delivery.

Matchday / non matchday experience parties :

SWFCCP offers a number of different matchday experience party packages. New for the 23/24 season we now offer a Gold and a Silver package, as well as non-matchday parties, due to high volume of requests we receive. Our matchday party experiences include matchday tickets, an hour of football training / matches with UEFA C qualified football coaches from the community programme, flag bearing whilst the teams walk out for a kick off and an opportunity to play on the pitch at half time (gold package only). These parties are on offer for birthdays, as well as local grass roots teams. New to this season we also offer non matchday parties, for young people who would like to celebrate their birthday. These parties are held at the SWFCCP community facility, where the children will receive an hour training / matches with UEFA C qualified football coaches from the community programme and food in our brand-new marquee.

Youth & Integration:

SWFCCP’s Youth & Integration department is comprised of several strands of work which have developed in size and reach across the reporting period. This includes youth work, diversionary activity, targeted anti-violence mentoring, women and girls’ provision, targeting of BAME women’s fitness activities, youth peer research, prison education programmes, as well as working with under-represented groups such as SEND groups and people seeking refuge.

SWFCCP have partnered with Premier League Charitable Fund (PLCF), South Yorkshire Violence Reduction Unit (SYVRU), South Yorkshire Community Foundation (SYCF), SCC, Police and Crime Commissioner (SYPCC), Sport England, Youth Endowment Fund (YEF), UK Youth, English Football League (EFL), Holiday Activity & Food (HAF) and Department of Education. Development into strengthening these partnerships has led to an increase in SWFCCP’s reputation locally and nationally.

The Youth & Integration team continue to engage with over 2000 young people on a yearly basis, between the ages of 8 and 18. The purpose of the Premier League Kicks (PL Kicks) initiative through SWFCCP, is to provide safe activities for young people in Sheffield. Our overall aims are to reduce the rates of anti-social behaviour , promote community cohesion, educate young people, and raise aspirations. By engaging young people in constructive activities, including a wide variety of sports, coaching, music, and educational and personal development sessions. Across the year, match funding was sourced to increase the capacity and reach of the project, which included funding from SYVRU, Sheffield Council Safer Communities Partnership, Sheffield Council Community Fund and I Will Fund.

The growth of the Community Programme and PL Kicks programme has been extremely positive, seeing SWFCCP host the Premier League Regional Kicks Cup for the first time across the 2023/2024 season, engaging with almost 200 young people from the Yorkshire & Humber region, whilst educating around the importance of mental health and wellbeing, and how to cope when under stressful and difficult situations.

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

Sustaining match funding from various providers and organisations, such as the Violence Reduction Unit, Youth Justice Sports Fund, Sheffield City Council Local Area Committee and Ward Pots has been essential to further enhance and develop the provision further, widening the reach and opportunities for young people living in some of the most deprived and under-represented communities around Sheffield. The SWFCCP Youth & Integration Team managed to sustain over £40,000 worth of funding in the form of the Universal Youth Grants, covering 5 different wards, reaching out to almost 500 additional young people, where opportunities have been provided. Without this funding, these young people may not have otherwise been given the opportunities they have received. The areas/wards of delivery were identified in partnership with the South Yorkshire Police and the Sheffield City Council, targeting some of the hardest to reach and deprived communities around Sheffield where the project has supported in reducing youth crime rates and overall anti-social behaviours.

Working with Mears Housing, The Youth & Integration team now delivers a weekly 'football welcomes' session which engages with asylum seekers - the sessions are designed to help with breaking down cultural barriers and providing further opportunities for all through the power of football. Since this session has launched, 6 of the participants are now engaging within the 'UEFA Refugee Programme' upskilling these individuals with various qualifications and coaching experiences.

Sustaining partnerships with Learn Sheffield and the Department of Education, the Youth & Integration Team continued the SAFE Mentoring Project, engaging with over 100 young people who were most at risk of exclusion and criminal exploitation. Mentors were employed to deliver one-to-one and small group work support sessions on a weekly basis, within 12 secondary schools across Sheffield. Further to this, investment from South Yorkshire Police, PL Kicks and Police Crime & Commissioner allowed the department to continue community-based mentoring, reaching to over 60 additional young people through these funded projects.

SWFCCP Youth & Integration team managed to sustain the role of HAF Coordinator on behalf of Sheffield City Council and the HAF (Holiday Activity & Food) Fund to receive and commission investment to organisations delivering the project based in Locality D in Southeast Sheffield. This included reaching out to over 1000 young people that benefitted for free school meals, in partnership with 15 organisations.

The Youth & Integration team continue to develop strong links with various partners and schools, including Chaucer Secondary School, which resides in the Parson Cross community, which, from the Government Census, is one of the highest deprived communities across England. With the cross-departmental work with the Post-16 Education Programme, we are seeing that around 35% of students that are part of the Post-16 BTEC College Programme have been involved within the Youth & Integration Kicks/Mentoring programme in some capacity. We currently have over 20 volunteers/youth leaders who engaged with us through our Youth & Integration programs who are now themselves assisting us with the delivery of youth services to other young people. This underlines the positive influence that these projects have had on these individuals and other young people and communities.

Disability Programme

The Short Breaks programme is focussed on providing fun and engaging activities for children with SEND, whilst providing respite for parent/carers. Our sessions are delivered on Saturdays during the school term between 10am - 3pm at the education hub / at sites across the city such as trips and residentials. We also deliver additional sessions during the school holidays on Tuesdays and Thursdays, between 10am and 3pm, based at the Education Hub / across the city on trips.

Our SEN youth clubs are also delivered at the Education Hub on Monday and Wednesday evenings. These clubs are designed to give SEN children in the local community an opportunity to experience playing sports, socialising and developing skills in a safe setting. The club offers various activities such as sports, sensory circuits, board games, arts and crafts, and reading for over 20 children every week.

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

Overload Owls is a brand-new programme delivered within our partner primary schools. SWFCCP deliver sensory circuit-based session planned across a six-week period as part of our Premier League Primary Stars programme. The sessions are delivered as targeted interventions to small groups of SEN children who the school target and believe would benefit most from the programme. The final week of the programme is delivered at the stadium where the children also get the chance to have a Stadium tour.

Health & Wellbeing :

Fit Club has been delivered at SWFCCP for over 10 years and is now the exit pathway for the EFLT & Sport England funded Fit Fans scheme. The programme runs on a weekly basis, delivered by ex-SWFC professional John Pearson. The Community Programme currently runs 4 sessions per week at Hillsborough Stadium and the SWFCCP Community Facility. The structure of the Fit Club session is circuit-based activity that is differentiated for varying abilities.

The Active Through Football Project (ATF) is now entering year 3 of the 5-year programme, initially our project was aimed at men 18 plus in the Parson Cross area but has now been made available to both male and females. We currently run Talk Clubs, Walking Football and Circuit Training with our consortium providers in the area, which include Parson Cross Forum and SOAR. We also run a Wellbeing Wednesday session which are GP referrals working with SOAR, where participants will come and do a physical activity session with SWFCCP staff and then once a month we will deliver some form of health talk discussing health related issues, health eating and exercise to name a few. We have engaged with over 500 participants this year. We have now also teamed up with local Occupational Therapist who will be supporting and signposting participants to our programme.

Owls In Force is continuing to grow - we are now running Talk Clubs and a Saturday morning football session. This has led to our programme been able to engage with other clubs including a friendly fixture with Barnsley and tournaments involving Sunderland, Leeds and Fleetwood. This is something we are hoping to enter on a regular basis and host one year ourselves.

SWFCCP received funding from Weston Park Hospital Cancer Charity to deliver a project working with participants who are pre cancer surgery, recovering from surgery or who are in remission. The programme is designed to support physical and mental wellbeing. We encourage participants to come along each week even if they don’t feel up to a full workout, we will have a chat and coffee as this allows for routine. We received funding from Macmillan to fund gym equipment. We are also working with Sheffield 1 in 4 Prostate Cancer Group who attend the gym as an existing group once a month with some of the participants going on to attend our sessions on a regular basis.

Our SWFFCP gym membership offers participants in the community the chance to take part in a variety of different sessions ranging from full body exercises to sport specific in boxercise and dance classes, the gym has a real community ethos where we regularly seek our members feedback in deciding what classes or groups to offer. We received a big demand for a running club we have now set up running every Thursday, with a separate group for beginners and advanced runners.

Family Hub sessions are currently taking place in the following areas; Hillsborough, Ecclesfield and Richmond Park to support mums with newborn babies and help with sessions such as baby sensory, baby yoga, breast feeding and financial advice. As part of the programme, we run a stay and play mum and baby group, where we encourage mums to come along and spend time with baby either as a free play session or including sensory and creativity sessions. We also run fitness sessions and a dance class where mums and babies can engage. We have also funded 32 participants through a baby 1[st] aid course in partnership with Mini 1[st] aiders and are looking at running another course in the new year.

Diabetes clinics are held monthly at the stadium working in tandem with Tramways Medical Centre where nurses use the club’s executive areas for testing purposes. Patients are then assigned a member of the SWFCCP team who offer physical activity provision. The provision consists of 1-1 sessions or group sessions integrating with our current gym members. After 5 sessions participants get the exit program of joining our gym club of which 4 males so far have utilised this opportunity.

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued)

For The Year Ended 31 August 2024

Osteoarthritis / chronic pain programme is funded by Sport England and working in partnership with Sheffield and Hallamshire physio we have over 30 participants on the programme who can attend on a Wednesday or Friday session. Once a month we will have a talk session on how to manage pain and what can be done to help support this through exercise, diet and nutrition. We also host a persistent pain talk at Hillsborough stadium with guest speakers who have real life experience of how to manage pain, as well as a doctor for participants to listen too with the opportunity for a private consultation.

Statement of Social Responsibility

Charity Policy

The club continued to support various charity and community organisations throughout the year, believing it is important to use the power of the SWFC brand to give these worthwhile causes the opportunities to raise funds at the football club. The club, through the Sheffield Wednesday Football Club Community Programme (SWFCCP), offered match tickets, signed memorabilia and player appearances throughout the season and supported the following beneficiaries in our community, amongst others:

Bluebell Wood Children’s Hospice The Children’s Hospital Charity, Sheffield Weston Park Hospital Cancer Charity St Luke’s Hospice S6 Foodbank Guide Dogs UK Royal Society for the Blind Roundabout Cathedral Archer Project Sheffield Mencap Create a Dream Foundation Yorkshire Ambulance Service AGE UK PACT Sheffield Animal Shelter

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

STRATEGIC REPORT

Achievement and performance

Charitable activities

During the year, the charity continued to support education, health and inclusion of both adults and children within the Sheffield City Region and the surrounding areas, increasing its outreach by delivering new programs and continuing to excel in its core activities.

Fundraising activities

No fundraising with the public in year.

Key performance indicators

Trustees consider an increase in participation numbers and funding for each programme as key KPI's. Year on year, the programme continues to deliver high level activity across the city.

Financial review

Financial position and performance

The charity generated £2,517,419 (2023: £2,973,828) of income during the financial year, enabling it to invest £2,451,716 (2023: £2,069,237) of funds into delivering its programs and activities in Sheffield and the surrounding areas. The income generated is a mixture of both restricted and unrestricted with any unspent amounts at the balance sheet date being carried forward to be spent in the next financial year.

The information set out in note 2 to these accounts details the main areas of activity for fund raising purposes, the expenditure set out in note 5 to these accounts was incurred in progressing the charity's objectives in delivering its programme of projects and courses.

Financial review

Principal funding sources

Funding is received from various sources. The main funders are the Premier League, EFL Trust, Sheffield City Council and Sheffield College.

Reserves policy

The overall fund balance at 31 August 2024 has increased over the past year by £73,890. The overall fund of £2,078,453 consists of £1,114,363 of unrestricted funds and £964,090 of restricted funds of which the Jubilee Project represents £865,307.

The Trustees have set a reserves policy which requires:

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

When considering the required level of resources for SWFCCP, the following factors have been considered:

The Trustee's consider the reserves policy in the current year to be a success, total group unrestricted reserves of £1,114,363 have been built up from the close monitoring of incoming and outgoing resources during the year.

Principal risks and uncertainties

Major risks have been reviewed and systems and procedures have been established to manage these risks.

Financial and risk management objectives and policies

Many of the income streams are driven by the number of attendees which the Trustees consider to be a significant risk given that costs are partially fixed or are incurred before the actual number of attendees are known.

To address this the Trustees closely monitor the number of recruited persons for each income stream against the budgeted number on which the forecasts were based.

Future plans

The Trustees expect the charity to continue to generate surplus funds by way of increasing incoming resources through developing its range of products and services and increasing the number of course attendees.

The Charity has begun to explore opportunities to further develop its new sports facility at the community site of the Jubilee Sports and Social Club on Clay Wheels Lane in Hillsborough, which opened in January 2023. It is proposed to construct further educational/health facilities on the site using some of the charity’s reserves and external funding sources, which will increase the capacity for adults and children to attend our programmes and courses.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its Memorandum and Articles of Association dated 16 February 2015 and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The charity's Trustees are usually recruited from current officials of SWFC and various professionals who are experienced in both football matters and the objects of the charity and have the necessary skills to carry out their duties.

Organisational structure

SWFCCP operates a functional organisational structure by appointing managers to each area of its core activities who then report to the Head of Community (HOC). The HOC makes decisions regarding the day-to-day operations and the Trustees make decisions regarding long term strategy and development.

Decision making

PayScale's and salary banding have been introduced for all employees in line with benchmarking across the EFL network. Salary increases are reviewed yearly by the board. Considered are personal performance, charity performance and overall sustainability of each department. Each member of staff undertakes a 6 monthly appraisal which is reviewed by the HOC.

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

Induction and training of new trustees

SWFCCP follows a safer recruitment policy when recruiting new employees and trustees. The charity ensures no job applicant is treated unfairly on any grounds including race, colour, nationality, ethnic or national origin, religion or religious beliefs, sex, or sexual orientation, marital or civil partner status, disability, or age.

Key Management Remuneration

The Head of Community is considered as Key Management Personnel. Salary is set by the board and reviewed every 12 months.

Engagement with employees

Regular staff meetings take place throughout the year where the vison of the community programme is communicated to all. Employees are encouraged to share their views/ideas on how to promote and grow the SWFCCP offer.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05053927 (England and Wales)

Registered Charity number 1108538

Registered office

Sheffield Wednesday Football Club Hillsborough Sheffield South Yorkshire S6 1SW

Trustees

D Chansiri J Redgate A Wilson T Braithwait J E Dean Mrs J Dore Dr O P Purohit P M Senior A J Wallis R J R Wilson Mrs K J Sargent

Auditors

Roddis Taylor Robinson Chartered Accountants Statutory Auditor Unit 6, Acorn Business Park Woodseats Close Sheffield South Yorkshire S8 0TB

Head Of The Community

The Trustees delegate the day to day management of the charity to M Brameld.

Bankers

Santander Corporate and Commercial Banking Bridle Road Bootle Merseyside L30 4GB

The Co-operative Bank plc PO Box 250 Skelmersdale NW8 6WT

Solicitors

Muckle LLP 32 Gallowgate Newcastle upon Tyne NE1 4BF

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Sheffield Wednesday Football Club Community Programme

Report of the Trustees (continued) For The Year Ended 31 August 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Sheffield Wednesday Football Club Community Programme for the purposes of company law) are responsible for preparing the Report of the Trustees 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 year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company and the group for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies 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.

In so far as the trustees are aware:

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 9 April 2025 and signed on the board's behalf by:

A J Wallis - Trustee

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Report of the Independent Auditors to the Members of Sheffield Wednesday Football Club Community Programme

Opinion

We have audited the financial statements of Sheffield Wednesday Football Club Community Programme (the “charitable parent company”) and its subsidiary (the “group”) for the year ended 31 August 2024 which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and notes to the consolidated financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (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 Auditors' 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 trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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. 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:

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Report of the Independent Auditors to the Members of Sheffield Wednesday Football Club Community Programme

Matters on which we are required to report by exception.

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

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, 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.

Our 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 a Report of the Independent Auditors 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: The charity is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the charity and the environment in which it operates, we determined that the laws and regulations which were most significant included the Charities Act and registrations monitored by external bodies. We considered the extent to which non-compliance with laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks related to the recognition of income in accordance with UK GAAP and the completeness of grant income.

Audit procedures performed by the engagement team included:

Page 14

Report of the Independent Auditors to the Members of Sheffield Wednesday Football Club Community Programme

There are inherent limitations in the audit procedures described above and the more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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 auditors' 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.

Julie Holderness (Senior Statutory Auditor) for and on behalf of Roddis Taylor Robinson Chartered Accountants Statutory Auditor Unit 6, Acorn Business Park Woodseats Close Sheffield South Yorkshire S8 0TB

9 April 2025

Page 15

Sheffield Wednesday Football Club Community Programme

Consolidated Statement of Financial Activities For The Year Ended 31 August 2024

Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
2
Education
Health, Inclusion and Participation
National Citizen Service
Donations and legacies
3
Investment income
4
Jubilee Project grants
Other grants
Total incoming resources
EXPENDITURE ON
Charitable activities
5
Education
Health, Inclusion and Participation
National Citizen Service
Total resources expended
NET INCOME/(EXPENDITURE) BEFORE TAX
Taxation
10
NET INCOME/(EXPENDITURE) AFTER TAX
Transfers between funds
20
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
836,036
562,785
59,314
1,458,135
671
48,280
-
51,619
1,558,705
624,415
741,867
45,189
1,411,471
147,234
8,187
155,421
(123,128)
32,293
1,082,070
1,114,363		 Restricted
funds
£
-
673,515
-
673,515
153,000
-
-
132,199
958,714
64,260
971,395
4,590
1,040,245
(81,531)
-
(81,531)
123,128
41,597
922,493
964,090		 2024
Total
funds
£
836,036
1,236,300
59,314
2,131,650
153,671
48,280
-
183,818
2,517,419
688,675
1,713,262
49,779
2,451,716
65,703
8,187
73,890
-
73,890
2,004,563
2,078,453		 2023
Total
funds
£
828,074
1,012,458
12,908
1,853,440
134,038
22,946
671,292
292,112
2,973,828
738,111
1,225,074
106,052
2,069,237
904,591
-
904,591
-
904,591
1,099,972
2,004,563

The notes form part of these financial statements

Page 16

Sheffield Wednesday Football Club Community Programme

Consolidated Balance Sheet 31 August 2024

Notes
FIXED ASSETS
Intangible assets
12
Tangible assets
13
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
NET ASSETS
FUNDS
20
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
-
71,750
71,750
238,519
924,494
1,163,013
(109,566)
1,053,447
1,125,197
(10,834)
1,114,363		 Restricted
funds
£
-
867,710
867,710
80,964
50,765
131,729
(35,349)
96,380
964,090
-
964,090		 2024
Total
funds
£
-
939,460
939,460
319,483
975,259
1,294,742
(144,915)
1,149,827
2,089,287
(10,834)
2,078,453
1,114,363
964,090
2,078,453		 2023
Total
funds
£
-
978,015
978,015
418,974
812,702
1,231,676
(184,295)
1,047,381
2,025,396
(20,833)
2,004,563
1,082,070
922,493
2,004,563

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

The financial statements were approved by the Board of Trustees and authorised for issue on 9 April 2025 and were signed on its behalf by:

A J Wallis - Trustee

The notes form part of these financial statements

Page 17

Sheffield Wednesday Football Club Community Programme

Company Balance Sheet 31 August 2024

Notes
FIXED ASSETS
Intangible assets
12
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
NET ASSETS
FUNDS
20
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
-
36,502
1
36,503
294,934
881,640
1,176,574
(95,551)
1,081,023
1,117,526
(10,834)
1,106,692		 Restricted
funds
£
-
2,403
-
2,403
80,964
50,765
131,729
(35,349)
96,380
98,783
-
98,783		 2024
Total
funds
£
-
38,905
1
38,906
375,898
932,405
1,308,303
(130,900)
1,177,403
1,216,309
(10,834)
1,205,475
1,106,692
98,783
1,205,475		 2023
Total
funds
£
-
26,728
1
26,729
454,450
786,752
1,241,202
(152,762)
1,088,440
1,115,169
(20,833)
1,094,336
1,046,685
47,651
1,094,336

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 9 April 2025 and were signed on its behalf by:

A J Wallis - Trustee

The notes form part of these financial statements

Page 18

Sheffield Wednesday Football Club Community Programme

Consolidated Cash Flow Statement For The Year Ended 31 August 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash (used in)/provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
153,117
(558)
152,559
(28,283)
48,280
19,997
(9,999)
(9,999)
162,557
812,702
975,259		 2023
£
838,222
(903)
837,319
(995,702)
22,946
(972,756)
(10,000)
(10,000)
(145,437)
958,139
812,702

The notes form part of these financial statements

Page 19

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Cash Flow Statement For The Year Ended 31 August 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
2024 2023
£ £
Net income before tax for the reporting period (as per the Statement
of Financial Activities) 65,703 904,591
Adjustments for:
Depreciation charges 66,838 51,285
Interest received (48,280) (22,946)
Interest paid 558 903
Decrease/(increase) in debtors 107,678 (149,583)
(Decrease)/increase in creditors (39,380) 53,972
Net cash provided by operations 153,117 838,222
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.23 Cash flow At 31.8.24
£ £ £
Net cash
Cash at bank and in hand 812,702 162,557 975,259
812,702 162,557 975,259
Debt
Debts falling due within 1 year (10,000) - (10,000)
Debts falling due after 1 year (20,833) 9,999 (10,834)
(30,833) 9,999 (20,834)
Total 781,869 172,556 954,425

The notes form part of these financial statements

Page 20

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements For The Year Ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The Consolidated financial statements of the charitable company, which is a public benefit entity under FRS 102, and its subsidiary have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The charity is a private company limited by guarantee. The members of the company are the Trustees named on page 11. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

The presentation of the financial statements including the SOFA has been amended compared with the previous year in order to show a more detailed analysis of the income and expenditure within the main charitable activities.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The amount of income received for specific purposes but not expended in the period is shown in the relevant funds on the Balance sheet. Where income is received and relates to a period other than the accounting period, it is deferred and included within creditors as deferred income.

Where the charity is entitled to grants which have not yet been received, the income is accrued and is included within trade debtors.

Revenue grants included within other income are grants which are not related to a specific activity.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Allocation and apportionment of costs

The charity reports information separately under three departments which it considers its charitable activities. Support costs have been allocated to specific activities if directly related or allocated on a reasonable basis.

Staff costs directly related to a particular department are included in direct costs within Charitable activities costs whereas staff costs relating to the management and administration of the charity are included in support costs.

Intangible fixed assets and amortisation

Intangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition.

continued...

Page 21

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.

Leasehold premises - 10% straight line and 4% straight line
Alterations to tenanted property -
15% straight line and 10% straight line
Office and gym equipment - 33% straight line, 25% straight line and 20% straight line

Taxation

The charity is exempt from corporation tax on its charitable activities. Current tax in the trading subsidiary is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the balance sheet date.

Deferred tax

Deferred tax in the trading subsidiary is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for a particular purpose.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated goods and facilities

Donated goods and facilities are included at the value to the charity where this can be quantified, and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Operating leases

Rentals payable and receivable under operating leases are charged to the SOFA on a straight-line basis over the period of the lease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

continued...

Page 22

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

2. INCOME FROM CHARITABLE ACTIVITIES

Education
£
BTEC Delivery
589,185
Foundation Degree
91,425
Other educational and skills
155,426
Employment and training
-
Premier League funded
projects
-
Youth work
-
Community engagement
-
Other charitable income
-
Sponsorship
-
836,036
3.
DONATIONS AND LEGACIES
Donations
Donated services and facilities
4.
INVESTMENT INCOME
Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Education
Health, Inclusion and Participation
National Citizen Service
6.
SUPPORT COSTS
Education
Health, Inclusion and Participation
National Citizen Service		 Health,
Inclusion
and
Participation
£
-
-
-
-
279,592
-
776,851
179,857
-
1,236,300
Other
overheads
£
113,906
397,533
20,629
532,068		 National
Citizen
Service
£
-
-
-
-
-
59,314
-
-
-
59,314
Direct
Costs
£
505,881
1,213,281
23,851
1,743,013
Staff
costs
£
64,783
96,344
4,983
166,110		 2024
Total
activities
£
589,185
91,425
155,426
-
279,592
59,314
776,851
179,857
-
2,131,650
2024
£
671
153,000
153,671
2024
£
48,280
Support
costs (see
note 6)
£
182,794
499,981
25,928
708,703
Governance
costs
£
4,105
6,104
316
10,525		 2023
Total
activities
£
537,892
81,869
76,814
131,499
184,410
14,834
723,397
92,725
10,000
1,853,440
2023
£
7,039
126,999
134,038
2023
£
22,946
Totals
£
688,675
1,713,262
49,779
2,451,716
Totals
£
182,794
499,981
25,928
708,703

continued...

Page 23

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Auditors' remuneration for non-audit work
Depreciation - owned assets
Operating leases		 2024
£
5,840
4,685
10,406
65,347		 2023
£
5,560
3,244
51,285
65,354

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
£
1,231,708
87,908
64,776
1,384,392		 2023
£
1,106,485
77,982
55,592
1,240,059

The average monthly number of employees during the year was as follows:

Charitable activities
Management and administration		 2024
71
4
75		 2023
80
4
84

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
£60,001 - £70,000 - 1

Key management remuneration

The total remuneration and benefits to key management personnel in the year amounted to £59,916 (2023 £62,574).

Pensions and other post-retirement benefits

The charity operates a defined contribution plan for its employees. The amount recognised as an expense in the year was £64,776 (2023 £55,592). The expense is allocated between restricted and unrestricted funds on the basis of the areas of work performed by the charity's employees.

continued...

Page 24

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

10. TAXATION

The tax (credit)/charge for the year was as follows:

Deferred tax
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,039
Charitable activities
Education
828,074
Health, Inclusion and Participation
374,879
National Citizen Service
12,908
Investment income
Jubilee Project grants
22,946
-
Other income
98,790
Total
1,344,636
EXPENDITURE ON
Charitable activities
Education
679,542
Health, Inclusion and Participation
313,583
National Citizen Service
91,941
Total
1,085,066
NET INCOME
259,570
Transfers between funds
(197,869)
Net movement in funds
61,701
RECONCILIATION OF FUNDS
Total funds brought forward
1,020,369
TOTAL FUNDS CARRIED FORWARD
1,082,070
12.
INTANGIBLE FIXED ASSETS
Group and Company
COST
At 1 September 2023 and 31 August 2024
AMORTISATION
At 1 September 2023 and 31 August 2024
NET BOOK VALUE
At 31 August 2023 and 31 August 2024		 2024
£
(8,187)

Restricted
funds
£
126,999
-
637,579
-
-
671,292
193,322
1,629,192
58,569
911,491
14,111
984,171
645,021
197,869
842,890
79,603
922,493		 2023
£
-
Total
funds
£
134,038
828,074
1,012,458
12,908
22,946
671,292
292,112
2,973,828
738,111
1,225,074
106,052
2,069,237
904,591
-
904,591
1,099,972
2,004,563
Website
costs
£
32,400
32,400
-

Page 25

continued...

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

13. TANGIBLE FIXED ASSETS

Group

Alterations
Leasehold to tenanted
Premises
Property
£
£
COST
At 1 September 2023
981,397
72,638
Additions
-
-
__
_
At 31 August 2024
981,397
72,638
_
__
DEPRECIATION
At 1 September 2023
36,168
66,343
Charge for the year
54,252
1,865
_
_
At 31 August 2024
90,420
68,208
__
_
NET BOOK VALUE
At 31 August 2024
890,977
4,430
_
__
At 31 August 2023
945,229
6,295
_
_
Company
Alterations
to tenanted
Property
£
COST
At 1 September 2023
72,638
Additions
-
__
At 31 August 2024
72,638
_
DEPRECIATION
At 1 September 2023
66,343
Charge for the year
1,865
_
At 31 August 2024
68,208
__
NET BOOK VALUE
At 31 August 2024
4,430
_
At 31 August 2023
6,295
_
Office
and gym
Equipment
Total
£
£
109,326
1,163,361
28,283
28,283
__
_
137,609
1,191,644
_
__
82,835
185,346
10,721
66,838
_
_
93,556
252,184
__
_
44,053
939,460
_
__
26,491)
978,015
_
_
Office
and gym
Equipment
Total
£
£
102,052
174,690
22,583
22,583
__
_
124,635
197,273
_
__
81,619
147,962
8,541
10,406
_
_
90,160
158,368
__
_
34,475
38,905
_
__
20,433)
26,728
_
_

Page 26

continued...

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

14. COMPANY FIXED ASSET INVESTMENTS

Company

Shares in
group
undertakings
£
COST
At 1 September 2023 and 31 August 2024 1
NET BOOK VALUE
At 31 August 2024 1
At 31 August 2023 1

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

SWFC Community Programme Holdings Limited
Registered office: England
Nature of business: Development and operation of a sports facility
%
Class of shares: holding
Ordinary 100.00

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Amounts owed by group undertakings
Other debtors
Deferred tax asset
Prepayments and accrued income		 Group
2024
2023
£
£
56,044
100,622
-
-
21,673
56,136
8,187
-
233,579
262,216
319,483
418,974		 Company
2024
2023
£
£
34,985
63,804
110,004
82,206
21,673
55,944
-
-
209,236
252,496
375,898
454,450		 Company
2024
2023
£
£
34,985
63,804
110,004
82,206
21,673
55,944
-
-
209,236
252,496
375,898
454,450
454,450

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 18)
Trade creditors
Other creditors
Other taxes
Accrued expenses		 Group
2024
2023
£
£
10,000
10,000
41,533
90,452
1,074
3,359
8,927
4,171
83,381
76,313
144,915
184,295		 Group
2024
2023
£
£
10,000
10,000
41,533
90,452
1,074
3,359
8,927
4,171
83,381
76,313
144,915
184,295		 Company
2024
2023
£
£
10,000
10,000
40,223
90,452
1,074
3,359
-
-
79,603
48,951
130,900
152,762		 Company
2024
2023
£
£
10,000
10,000
40,223
90,452
1,074
3,359
-
-
79,603
48,951
130,900
152,762
184,295 130,900 152,762

continued...

Page 27

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank loans (see note 18) Group
2024
2023
£
£
10,834
20,833
10,834
20,833		 Company
2024
2023
£
£
10,834
20,833
10,834
20,833		 Company
2024
2023
£
£
10,834
20,833
10,834
20,833
20,833

18. LOANS

An analysis of the maturity of loans is given below:

Group
2024
2023
£
£
Amounts falling due within one year or on demand:
Bank loans
10,000
10,000
Amounts falling due between one and two years:
Bank loans.
10,000
10,000
Amounts falling due between two and five years:
Bank loans.
834
20,833		 Company
2024
2023
£
£
10,000
10,000
10,000
10,000
834
20,833		 Company
2024
2023
£
£
10,000
10,000
10,000
10,000
834
20,833		 Company
2024
2023
£
£
10,000
10,000
10,000
10,000
834
20,833
10,000
20,833

19. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2024
£
30,497
3,332
33,829		 2023
£
30,497
11,330
41,827

continued...

Page 28

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

20. MOVEMENT IN FUNDS

Group

At 1.9.23
£
Unrestricted funds
General fund
1,082,070
Restricted funds
Other Health, Inclusion and Participation
Funds
-
Holiday and Food Programme
4,171
Premier League Kicks
-
Primary Stars Fund
-
Active Through Football Fund
-
Safe Mentoring Project
Universal Youth Work Fund
Jubilee Project
1,065
42,415
874,842
922,493
TOTAL FUNDS
2,004,563
Company
At 1.9.23
£
Unrestricted funds
General fund
1,046,685
Restricted funds
Other Health, Inclusion and Participation
Funds
-
Holiday and Food Programme
4,171
Premier League Kicks
-
Primary Stars Fund
-
Active Through Football Fund
Safe Mentoring Project
Universal Youth Work Fund
-
1,065
42,415
47,651
TOTAL FUNDS
1,094,336		 Net
movement
in funds
£
155,421
(3,133)
1,681
7,804
(575)
(13,447)
(3,614)
(17,099)
(53,148)
(81,531)
73,890
Net
movement
in funds
£
139,522
(3,133)
1,681
7,804
(575)
(13,447)
(3,614)
(17,099)
(28,383)
111,139		 Transfers
between
At
funds
31.8.24
£
£
(123,128)
1,114,363
32,233
29,100
21,797
27,649
8,914
16,718
575
-
13,447
-
2,549
-
43,613
-
25,316
865,307
123,128
964,090
-
2,078,453
Transfers
between
At
funds
31.8.24
£
£
(79,515)
1,106,692
32,233
29,100
21,797
27,649
8,914
16,718
575
-
13,447
2,549
-
-
-
25,316
79,515
98,783
-
1,205,475

continued...

Page 29

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

20. MOVEMENT IN FUNDS - continued

Net movement in funds before tax, included in the above are as follows:

Group

Group
Unrestricted funds
General fund
Restricted funds
Education
Other Health, Inclusion and Participation
Funds
National Citizen Service
Holiday and Food Programme
Premier League Kicks
Primary Stars Fund
Active Through Football Fund
Safe Mentoring Project
Universal Youth Work Fund
Fan Engagement
Jubilee Project
TOTAL FUNDS
Comparatives for movement in funds
Group
At 1.9.22
£
Unrestricted funds
General fund
1,020,369
Restricted funds
Other Health, Inclusion and Participation
Funds
-
Youth Endowment Fund
10,561
Holiday and Food Programme
-
Premier League Kicks
7,786
Primary Stars Fund
-
Active Through Football Fund
Safe Mentoring Project
Universal Youth Work Fund
6,869
-
-
Jubilee Project
54,387
79,603
TOTAL FUNDS
1,099,972		 Incoming
resources
£
1,558,705
64,260
163,428
4,590
268,460
204,592
50,000
46,185
88,814
43,385
25,000
-
958,714
2,517,419
Net
movement
in funds
£
259,570
(16,132)
(11,969)
4,171
(12,081)
(192)
(8,116)
1,065
42,415
645,860
645,021
904,591		 Resources
expended
£
(1,411,471)
(64,260)
(166,561)
(4,590)
(266,779)
(196,788)
(50,575)
(59,632)
(92,428)
(60,484)
(25,000)
(53,148)
(1,040,245)
(2,451,716)
Transfers
between
funds
£
(197,869)
16,132
1,408
-
4,295
192
1,247
-
-
174,595
197,869
-		 Movement
in funds
£
147,234
-
(3,133)
-
1,681
7,804
(575)
(13,447)
(3,614)
(17,099)
-
(53,148)
(81,531)
65,703
At
31.8.23
£
1,082,070
-
-
4,171
-
-
-
1,065
42,415
874,842
922,493
2,004,563

continued...

Page 30

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

20. MOVEMENT IN FUNDS - continued

Company

At 1.9.22
£
Unrestricted funds
General fund
1,020,369
Restricted funds
Other Health, Inclusion and Participation
Funds
-
Youth Endowment Fund
10,561
Holiday and Food Programme
-
Premier League Kicks
7,786
Primary Stars Fund
-
Active Through Football Fund
6,869
Safe Mentoring Project
-
Universal Youth Work Fund
-
25,216
TOTAL FUNDS
1,045,585		 Net
movement
in funds
£
49,590
(16,132)
(11,969)
4,171
(12,081)
(192)
(8,116)
1,065
42,415
(839)
48,751		 Transfers
between
At
funds
31.8.23
£
£
(23,274)
1,046,685
16,132
-
1,408
-
-
4,171
4,295
-
192
-
1,247
-
-
1,065
-
42,415
23,274
47,651
-
1,094,336

Comparative net movement in funds, included in the above are as follows:

Group

Unrestricted funds
General fund
Restricted funds
Education
Other Health, Inclusion and Participation
Funds
National Citizen Service
Youth Endowment Fund
Holiday and Food Programme
Premier League Kicks
Primary Stars Fund
Active Through Football Fund
Safe Mentoring Project
Universal Youth Work Fund
Jubilee Project
TOTAL FUNDS		 Incoming
resources
£
1,344,636
58,569
170,181
14,111
29,939
306,289
134,410
50,000
46,037
65,656
72,708
681,292
1,629,192
2,973,828		 Resources
expended
£
(1,085,066)
(58,569)
(186,313)
(14,111)
(41,908)
(302,118)
(146,491)
(50,192)
(54,153)
(64,591)
(30,293)
(35,432)
(984,171)
(2,069,237)		 Movement
in funds
£
259,570
-
(16,132)
-
(11,969)
4,171
(12,081)
(192)
(8,116)
1,065
42,415
645,860
645,021
904,591

continued...

Page 31

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

20. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

At 1.9.22
£
Unrestricted funds
General fund
1,020,369
Restricted funds
Other Health, Inclusion and Participation
Funds
-
Youth Endowment Fund
10,561
Holiday and Food Programme
-
Premier League Kicks
7,786
Primary Stars Fund
-
Active Through Football Fund
6,869
Safe Mentoring Project
-
Universal Youth Work Fund
-
Jubilee Project
54,387
79,603
TOTAL FUNDS
1,099,972		 Net
movement
in funds
£
414,991
(19,265)
(11,969)
5,852
(4,277)
(767)
(21,563)
(2,549)
25,316
592,712
563,490
978,481		 Transfers
between
At
funds
31.8.24
£
£
(320,997)
1,114,363
48,365
29,100
1,408
-
21,797
27,649
13,209
16,718
767
-
14,694
-
2,549
-
-
25,316
218,208
865,307
320,997
964,090
-
2,078,453

A current year 12 months and prior year 12 months combined net movement in funds before taxation, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Education
Other Health, Inclusion and Participation
Funds
National Citizen Service
Fan Engagement
Youth Endowment Fund
Holiday and Food Programme
Premier League Kicks
Primary Stars Fund
Active Through Football Fund
Safe Mentoring Project
Universal Youth Work Fund
Jubilee Project
TOTAL FUNDS		 Incoming
resources
£
2,903,341
122,829
333,609
18,701
25,000
29,939
574,749
339,002
100,000
92,222
154,470
116,093
681,292
2,587,906
5,491,247		 Resources
expended
£
(2,496,537)
(122,829)
(352,874)
(18,701)
(25,000)
(41,908)
(568,897)
(343,279)
(100,767)
(113,785)
(157,019)
(90,777)
(88,580)
(2,024,416)
(4,520,953)		 Movement
in funds
£
406,804
-
(19,265)
-
-
(11,969)
5,852
(4,277)
(767)
(21,563)
(2,549)
25,316
592,712
563,490
970,294

continued...

Page 32

Sheffield Wednesday Football Club Community Programme

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2024

20. MOVEMENT IN FUNDS - continued

Purpose of Restricted Funds

Fan Engagement

Funded by the Premier League charitable fund, the ‘Wednesday Welcome’ project aims to build on work in breaking down barriers to accessing Sheffield Wednesday Football Club for historically underrepresented and isolated groups. The aim is to support and engage refugees and asylum seekers, LGBTQ+ support, disability activity, anti-racism, tackling isolation and many more key themes. Through the project the Charity has engaged with 450 people across multiple themes.

Youth Endowment Fund

The National Lottery and Co-op have come together to launch the Peer Action Collective ("PAC"), which gives 10- to 25-year-olds a voice and chance to make their communities safer. The Youth Endowment Fund was established with funding from PAC to implement the objectives of the fund.

Holiday and Food Programme

This is a government funded scheme to provide activities and food during school holidays to children who qualify for free school meals.

Premier League Kicks

Premier League Kicks is fund by the Premier League to support and encourage teenagers in areas of high anti-social behaviour.

Primary Stars

The fund is funded by the Premier League and was established to provide free lunch club places to children aged 5 to 11 years old in schools in deprived areas.

Active Through Football Fund

Funded by the National Lottery, Active Through Football is a Sport England initiative to increase activity levels and create sustained behaviour change. The project is based predominately on activating key settings through the delivery of recreational and informal small-sided football activity and developed through community engagement.

Safe Mentoring Project

In partnership with Learn Sheffield and funded through Department for Education, the programme is designed to reduce school exclusions, raise attainment and attendance in order to lower the chances of young people being at risk of criminal exploitation and violence. Delivered by youth mentors within secondary schools through term time. It involves one-to-one mentoring, including physical activity and informal education .

Universal Youth Work Fund

Funded by Sheffield Council Youth Service, the commission is to increase the amount of youth provisions within wards in Sheffield. Five areas of provision are funded within Sheffield, targeted to deliver sporting youth work in highlighted areas of high anti-social behaviour and currently low youth provision. The project is an open-access offer and is also targeted to offer opportunities such as volunteering, residential trips, workshops and qualifications for young people.

Jubilee Project

The Jubilee project provides state of the art training and playing facilities for local youngsters. The project involved upgrading existing dressing rooms and installation of a full size 3g pitch with lighting at the site.

continued...

Page 33

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2024

21. RELATED PARTY DISCLOSURES

Sheffield Wednesday Football Club Limited

Sheffield Wednesday Football Club Limited is controlled by Mr D Chansiri who is a director of Sheffield Wednesday Football Club Community Programme.

During the year Sheffield Wednesday Football Club Limited made payments on behalf of Sheffield Wednesday Football Club Community Programme amounting to £1,340,070 (2023 £1,260,388) which were reimbursed to Sheffield Wednesday Football Club by Sheffield Wednesday Football Club Community Programme.

Sheffield Wednesday Football Club Limited charged goods and services to the Community Programme amounting to £125,359 (2023 £93,549).

In addition to the above, Sheffield Wednesday Football Club Limited provided certain facilities and other support at no cost to the Community Programme. The value attributed to this support during the year ended 31 August 2024 is £153,000 (2023 £127,170). These donated goods and services have been included in these accounts as incoming resources.

At the year end a balance of £23,390 was owed to Sheffield Wednesday Football Club Limited (2023 £41,706).

The nature and amounts of these donated services were as follows.

2024 2023
£ £
Season and matchday tickets 88,000 70,533
Promotion and sponsorship 20,000 18,862
IT support 23,000 16,109
Other 22,000 21,666
______ ______
153,000 127,170

During the year SWFC Community Programme Holdings Limited charged Sheffield Wednesday Football Club Limited £15,055 for pitch hire (2023 £3,230) and at the year-end there was an outstanding balance of £4,680 (2023 £684).

22. POST BALANCE SHEET EVENTS

The Charity has begun to explore opportunities to further develop its new sports facility at the community site of the Jubilee Sports and Social Club on Clay Wheels Lane in Hillsborough, which opened in January 2023. A planning permission application has been submitted to construct further educational/health facilities on the site using some of the charity’s reserves and external funding sources. The new development will increase the capacity for adults and children to attend the Charity’s programmes and courses.

Page 34