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← Fulham Football Club Foundation

2024-08-31-accounts

FULHAM FC

Annual Report and Financial Statements for year ended 31st August 2024

Registered Company number: 04573248 Registered Charity Number: 1111639

FULHAM FC FULHAM FC FouKaatio 8UILDING BETTER LIVE5 THROUGrf SPORT

Annual Report & Financial Statements - for year ended 31st August 2024

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Contents

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• Chairman’s Introduction 4
• Fulham FC Foundation Strategy 8
• At a Glance 10
• The Big Numbers 10
• Our Participants 11
• Our Reach 12
• Our Opportunities 13
• The Difference We Make 14
• UN Sustainable Development Goals 15
• Programmes – A Year in Review 16
• Fulham FC Foundation in Action 32
• Fulham FC x Fulham FC Foundation 37
• Meet Our Community 42
• Moments to Remember 44
• Thank You 46
• Statutory Information page 49
• Report of the Trustees 50
• Auditors Report 57
• Statement of Financial Activities 60
• Balance Sheet 61
• Statement of Cash Flows 62
• Notes to the Financial Statements 63
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FULHAM FC Foundation

Lo Chairman’s Introduction Our 2023/24 Season

As a Foundation we are delighted to be able to provide another year of achievement in our communities, all linked to our mission of ‘Building Better Lives Through Sport’. Our entire focus is aligned to working in and improving areas of our communities that we can reach.

Managing change has indeed become the norm for the Foundation. The team has shown their capability, resilience and leadership to continue achieving great things for our participants.

Our programmes cover a wide range of communities

across Southwest London , Including our DisAbility al 4 (emphasising Ability), Football and Sports Participation, Health and Wellbeing, Player Pathways, Primary Education, Secondary Education and Careers, Women & Girls, and Youth & Community.

We engaged over 11,000 participants, on average

for 19.49 hours each. Over 3,000 female participants. Almost 1,700 disabled young people and adults. 45% of our participants identifi ed as being from an ethnically diverse community. Our Secondary Education, Training and Careers team engaged young people for an average of 63.32 each.

Youth and Community programmes engaged nearly 3,000 young people. We engaged with over 500 young refugees and asylum seekers Our youngest participant was 3. Our oldest, 96 years (young).

We continue to provide many additional opportunities.

76 fully funded bursaries to attend one of our community activities. Over 4,100 (36%) of our sessions provided free of charge to all, attended by over 4,000 participants experiencing over 80,000 hours of free football, sport and education activities enjoyed by the local community.

As a result of attending our activities… Almost 86% of our participants felt their physical wellbeing had improved . 82% felt their mental wellbeing had improved. 90% stated they felt inspired and engaged . 82% made new friends and social connections. 84% felt their confi dence and self-esteem improved. Almost 90% stated their skills and knowledge improved.

Our success is a credit to our Leadership Team and the continued support and commitment of Fulham Football Club. The Owner, CEO, Club Manager and the entire team at Fulham FC remain unwaveringly supportive, for which I would like to state my thanks and gratitude.

Our continued progress enables Fulham FC Foundation to continue investing in activities to support our communities whilst delivering our mission of ‘Building Better Lives Through Sport’.

Finally, I would like to thank everyone who has

participated in helping us to achieve our goals

and supporting our communities. Our partners and participants, my fellow Trustees, all Foundation colleagues, our Leadership Team and CEO who have led the Foundation.

Tom Barry

Fulham Football Club Foundation Chair of Trustees

Annual Report & Financial Statements - for year ended 31st August 2024

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Annual Report & Financial Statements -

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Building Better Lives Through Sport

OUR MISSION

OUR VISION

A Healthy, Inclusive And Thriving Community

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STRATEGY

2023-2024

~~STRATEGIC~~ ~~PILLAR 1~~

ENGAGE, INCLUDE, INSPIRE AND GROW PARTICIPATION.

~~STRATEGIC~~ ~~PILLAR 2~~

DEVELOP AND PROMOTE OPPORTUNITIES FOR UNDERREPRESENTED GROUPS.

~~STRATEGIC~~ ~~PILLAR 3~~

IMPROVE THE LIVES OF PEOPLE ACROSS OUR LOCAL COMMUNITY.

~~STRATEGIC~~ ~~PILLAR 4~~

SUPPORT PATHWAYS AND PROGRESSIONS FOR PARTICIPANTS.

~~STRATEGIC~~ ~~PILLAR 5~~

COLLABORATE WITH FULHAM FC, CREATING A SENSE OF BELONGING, INSPIRING A LIFELONG LOVE OF SPORT.

KEY PERFORMANCE INDICATORS 2023-2024

STRATEGIC

STRATEGIC STRATEGIC ~~PILLAR 2 PILLAR 3~~

STRATEGIC ~~PILLAR 4~~

STRATEGIC ~~PILLAR 5~~

~~PILLAR 1~~

~~PILLAR 3~~

ENGAGE, INCLUDE, DEVELOP AND PROMOTE IMPROVE THE LIVES SUPPORT PATHWAYS COLLABORATE WITH INSPIRE AND GROW OPPORTUNITIES FOR OF PEOPLE ACROSS OUR AND PROGRESSIONS FULHAM FC, CREATING PARTICIPATION. UNDERREPRESENTED LOCAL COMMUNITY. FOR PARTICIPANTS. A SENSE OF BELONGING, GROUPS. INSPIRING A LIFELONG LOVE OF SPORT. Young people and adults Participants identifying as Participants have improved Participants receiving and using Number of Fulham FC player engaged in our activities female physical wellbeing a bursary engagements in community activities I” 2023-24 TARGET 11,000 EE, 2023-24 TARGET 30% EE ee 2023-24 TARGET 80% 2023-24 TARGET 60 eee 2023-24 TARGET 50 Average number of hours Participants identifying as Participants have improved Participants completing a formal Number of community hours at participants engage with us having a disability mental wellbeing education or training qualifi cation Fulham FC’s Training Ground & Stadium I” 2023-24 TARGET 21 EE, 2023-24 TARGET 15% EE Ee 2023-24 TARGET 80% 2023-24 TARGET 100 eee 2023-24 TARGET 1,200 Participants from ethnically Participants feel inspired and Participants supported to diverse communities engaged progress to a secondary activity 2023-24 TARGET 35% 2023-24 TARGET 80% 2023-24 TARGET 100 Cle Eel BE

Case studies evidencing positive

progressions 2023-24 TARGET 18 x”

FULHAM FC Foundation

At A Glance - The 2023-24 Season Tt oe |_ —= a“A= ™%,“Y ‘ ~i=A. = ~ . vee : \ ; -~Sees:~—-"-. (gy=|y ~ 7 j ~ ~ : 4 Ly ; ’ " < 4 aif i cont, \ D in ~ < we a mm eg’ o ae 3 fuiti 1 0 =A A» ; a} om pat “a — ~ a[—] a - _ a ~yy , :do aa) ¢ | : ~~1~~ 1 ,26 0 We engaged with each participant (on average) for 19.49 hours across the season.

Annual Report & Financial Statements - for year ended 31st August 2024

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3 ,131 1 , 6 62
female participants, disabled young people and adults,
886 more than in 2022-23 113 more than in 2022-23
We engaged We engaged
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45%
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of our participants identifi ed as being from an ethnically diverse community

Our Secondary Education, Training and Careers team engaged young people 13 to 25 for an average of 3 (years old ) 63.3 2,965 505 Young people, 61% of young refugees and these were aged 14 to 18 asylum seekers in 2023-24 96 (years young)

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FULHAM FC Foundation

Our Reach

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= 12 We are proud to deliver activities and events across South West London…
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...sometimes from across the country… bo

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...and occasionally from across the globe.
ee
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...our participants come from our local community…

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Annual Report & Financial Statements - for year ended 31st August 2024
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Our Opportunities

76 young people and adults received and used a fully funded bursary to attend one of our community activities. The total value of our bursaries provided was £12,159 , equating to 2,210 hours of free football activities.

(36%) of our sessions 4,166 were provided completely free of charge to all. These sessions were attended by 4,034 participants. Equating to a huge total of 80,194 hours of free football, sport and education activities enjoyed by the local community.

101 of our participants were supported to progress to a secondary activity.

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221 of our participants completed a formal education or training qualifi cation.

20 of our participants were supported to enter employment.

122 Fulham FC player engagements at our community activities. hours of community activities held at Fulham 1,781 FC’s Training Ground and Stadium.

20 video case studies evidencing positive progressions. All can be seen here:

fulhamfcfoundation-impact.com/case-studies

FULHAM FC Foundation

The Difference We Make As a result of attending our activities…. of our participants felt 85.7% their physical wellbeing had improved. felt their mental wellbeing 82.4% had improved. stated they felt inspired 89.8% and engaged. made new friends and 82.0% social connections. felt their confidence and 14 84.4% self-esteem improved. stated their skills and 88.4%

of our participants felt their physical wellbeing had improved.

felt their mental wellbeing had improved.

stated they felt inspired and engaged.

felt their confidence and self-esteem improved.

stated their skills and knowledge improved.

Participants rated their overall experience of attending a Fulham FC Foundation activity as 8.7 10 OUT OF

Annual Report & Financial Statements - for year ended 31st August 2024

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2 3 4 5 8 10 11 16 17 Zero Hunger Good Health & Quality Education Gender Equality Decent Work & Reduced Sustainable Cities Peace, Justice & Partnerships For Well-being Economic Growth Inequalities & Communities Strong Institutions The Goals

UN Sustainable Development Goals

We have mapped our outcomes against the UN Sustainable Development Goals.

Our activities and services have a positive impact on the following 9 UN Sustainable Development Goals.

FULHAM FC Foundation

Programmes Year In Review

At Fulham FC Foundation, our Mission to ‘build better lives through sport’ drives everything we do.

Our work spans a wide range of communities across South West London, and is broad in terms of its delivery. Including:

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This programme-by-programme year-in-review highlights the impact our programmes have had on participants throughout 2023-24.

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Annual Report & Financial Statements - for year ended 31st August 2024
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Disability Our DisAbility Programmes

During the 2023-24 season, our DisAbility programmes engaged with 1,360 participants, an 11.5% increase from the 2022-23 season. 21% identifi ed as female and 30% were from ethnically diverse communities.

Among this season’s highlights, was the Foundation’s fi rst ever Frame Football Festival, which welcomed 20 players with physical disabilities to take part in the unique event. Another highlight saw 60 adults with disabilities enjoy the unforgettable experience of playing in the inaugural Adult DisAbility Football Festival on the pitch at Craven Cottage. In addition, over 20 participants attended our fi rst Adult DisAbility social outing, marking a key step toward enhancing the social aspect of our programme.

April 2024 saw a signifi cant development in our Kingston Junior Pan DisAbility Football Club, which was split into two age groups. The change allowed us to better cater to the individual needs of participants, off ering more tailored support and opportunities for personal development. We aim to adopt this model at our other Pan DisAbility Football Clubs in the future.

In our most recent survey, our participants said, as a result of attending our activities:

“I want to express my appreciation for your support, George had his fi rst football session yesterday at Emmanuel school and I can’t describe how excited he was, I didn’t see him this happy for a long time. He really enjoyed it, and he met some of his friends as well. My son always struggles at home and is bedridden due to the fact that he is unemployed, but we are extremely happy for him that he found his most passionate thing to do which is football. George can’t stop talking about Fulham Football Club, I booked him the Friday sessions too and he is really looking forward to it.”

~~Parent of DisAbility participant~~

FULHAM FC Foundation

Football and Sports Participation Soccer Schools

Our Soccer Schools have continued to grow across our venues in Fulham, Kingston and Wandsworth, with a new venue established in Merton.

We engaged with 2,183 participants , of which over 18% were female. Girls and DisAbility Soccer Schools are an integral part of our Soccer Schools delivery.

86% of our participants felt their football skills improved as a result of attending a Fulham FC Foundation Soccer School and, 96% of participants felt a sense of belonging.

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“My son has been attending the Fulham FC Foundation Soccer School since he was 4 years old, and he has always loved it! The coaches are friendly, professional, and consistently display good manners and kindness toward the players. My son’s skills and confdence have improved signifcantly, and this holiday school remains his top choice.”

~~Parent of Soccer Schools participant~~

Annual Report & Financial Statements - for year ended 31st August 2024

Football and Sports Participation Skills Club

Our Skills Clubs engaged with over 850 participants . This included 182 female participants and 315 participants from an ethnically diverse community. When gathering feedback, 88% of parents stated their child’s football skills had improved due to attending, increasing by 6% from last season. 85% stated that their child’s confidence had improved, 14% more than the season before.

Skills Club has expanded this season, with the introduction of midweek sessions, including a Tuesday evening session in Hammersmith & Fulham, and a girls session on a Thursday evening in New Malden, providing a great opportunity to further grow participation in these areas next season.

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This season also saw our first Skills Club Festival, which was a major success. Over 70 participants , 25% of which were female, were inspired by their day at Fulham FC’s Training Ground.

“It was a fantastic festival for both my son and I. The coaches were great and really encouraged the kids to get involved, do their best and have fun. Their enthusiasm and knowledge of the game was clear to see. The parents were also well looked after with the festival staff offering bottles of water to the parents which further enhanced the experience. From start to finish it was a great experience and one I will be recommending to other parents. Well done Fulham FC!” ~~Parent of Skills Club participant~~

FULHAM FC Foundation

Football and Sports Participation Player Pathway

The Fulham FC Foundation Player Pathway Programme provides ambitious, accomplished and / or experienced grassroots players with highquality coaching in a footballing environment that encourages creativity and ownership of learning.

The comprehensive training syllabus covers both the technical and tactical aspects of the game with a focus on developing well-rounded young people.

The programme engaged with 533 participants this year, an increase of 168 compared to the previous year. 35% of our participants identify 20 as from an ethnically diverse community. An uplift from 30% in 2022-23.

76% of participants felt that their physical health improved, 81% of participants stated they felt inspired and engaged and 62% of participants stated their mental wellbeing benefitted.

“It has given me an opportunity to develop my skills as a footballer. The coaches really help and encourage me. It is nice when I get good feedback about how I’m improving in my football journey.”

~~Player Pathway participant~~

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Annual Report & Financial Statements - - for year ended 31st August 2024
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Football and Sports Participation Girls Development Centre

This season our Girls Development Centre saw 436 participants aged 7 to 16 years engaged in weekly sessions, holiday provision and open sessions across three venues at Fulham FC’s Training Ground in Motspur Park, Blagdons Sports Ground and Fulham Cross Girls School - this was an increase of 25% on the 2022-23 season.

22% of engaged participants were from an ethnically diverse community, whilst 4% disclosed they had a disability. Both of these were an increase on the 2022-23 season.

Parents / guardians told us, as a result of attending, their child:

One of the highlights of the season was the introduction of the new venue at Fulham Cross Girls School, Fulham. This is the fi rst season where our Girls Development Centre programme has been delivered in Hammersmith & Fulham. The Girls Development Centre also saw the successful transition of 6 participants into the Foundation’s Football & Education programme.

“Summer has really enjoyed her year with the GDC (Girls Development Centre) and has gained so much from the sessions. It is such an achievement for Summer to maintain her participation for the full year. She has increased resilience and confi dence socially and in working as a team, and has stretched herself by trying new things with the consistent support of coaches, Andrew and Chris. She’s also appreciated your consistent presence, help and encouragement throughout.” ~~Parent of Girls Development Centre Participant~~

FULHAM FC Foundation

Health and Wellbeing Fulham Teammates

In 2023-24 the Health and Wellbeing Team were incredibly proud to engage with 366 unique participants across Fulham Memories Clubs and Walking Football.

This season we:

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The season has also provided us an opportunity to grow further in our communities by securing a new grant from the Premier League and Professional Footballers’ Association Community Fund supported via the Premier League Charitable Fund, Merton Council and Kingston Council.

The fund has allowed us to align our Fulham Memories Clubs and Walking Football activities, forming them into the overarching banner of ‘Fulham Teammates’. Over the next two seasons we will see these activities develop across more areas of South West London and engage more adults at risk of loneliness, as well as those living with dementia.

“People are faced with all manner of difculties and to be able to bring together people who have shared experiences and shared problems and put them in a place where they feel safe and welcome is brilliant. Fulham Football Club Foundation and The Hurlingham Club Foundation are bringing real joy to people and a change in their lives. To be seeing this resource (The Hurlingham Club) enjoyed by members of our local community is just a great thing and I think the project of working together with you (Fulham FC Foundation) is inspired.”

~~Daska Lyell, The Hurlingham Club Foundation Volunteer~~

Annual Report & Financial Statements - for year ended 31st August 2024 » Fv =>,Av

~~ss~~ Health and Wellbeing More Than a Game

In 2023-24 we engaged with 2,237 participants aged 7 to 88 through More Than A Game, Fulham FC Foundation’s flagship Mental Health programme.

53 Foundation staff attended mental health training to improve their confidence in talking about and supporting their participants’ mental health. 136 participants have also been supported by attending our “More Than A Game Football” sessions and More Than A Game Open Days, which is 74% more than last season. We also increased the number of “More Than A Game Football” sessions by collaborating with key organisations.

We have collaborated with St Mungo’s to support the mental health of those experiencing or at risk of homelessness. With the support of Hammersmith and Fulham Council we also launched a session to support refugees and asylum seekers within the borough.

Through our continued partnership with Movember we had the opportunity to deliver their renowned mental health literacy programme, Ahead of the Game, to 560 young people (11-18), 94 parents and 83 coaches supporting young people. As a result of this:

We also delivered our Kick Off A Conversation campaign, and held two mental health matchdays with the support of Movember, the Mental Health Foundation and Fulham FC.

“I’ve benefitted from More Than A Game Football in terms of my mental health. It makes me feel 23 very good mixing with people who probably I wouldn’t mix with. Being with them and playing football, it’s like the cherry on top! When I come here, it makes me feel very good. It’s like a family, all different ages people who you wouldn’t think you would mix with.”

~~More Than a Game Football participant~~

“We at St Mungo’s are excited to collaborate with Fulham FC Foundation. We believe in the transformative power of sport, and the positive impact of regular playing through More Than A Game Football has already been seen. We are grateful that working together with Fulham FC will enable people experiencing homelessness to do much more than just play sports but to build and foster connections and achieve benefits to

their physical and mental health.“

~~Stewart Proudley, Key Partner, St Mungo’s~~

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FULHAM FC
Foundation
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Primary Education

Inspiring Primary School Children

In the 2023-24 academic year, our work in primary schools has grown and we’ve delivered more opportunities and memorable experiences than ever before. We have engaged with 5 nurseries and 93 primary schools across our broad range of activities and interventions.

This inspired over 2,800 children in their classrooms and playgrounds. Up from 1,800 last year. We have gifted over 1,000 match tickets to children and school staff in our partner schools, delivered 14 school visits from Fulham FC Men’s and Women’s First Team players past and present and conducted numerous school visits from Fulham FC mascot Billy the Badger.

On average, we engaged with each of our participants for 22.5 contact hours across the academic year. From reading in the classroom to rainbow fl icks on the playground, 77% of our participants reported improvements to their skills and knowledge and 85% reported improvements to their mental wellbeing.

“One of the children, Elliot, has made signifi cant progress and is now working at the expected standard in reading, writing and maths for his age” ~~Head Teacher, Partner Primary School~~

Annual Report & Financial Statements - for year ended 31st August 2024 see as Ba See

Secondary Education, Training & Careers Premier League Inspires

This year we delivered the Premier League Inspires programme in 6 key partner schools. We supported over 100 students at risk of not reaching their potential, to develop their personal skills and positive attitudes needed to succeed in life. Over the year we worked with each student for an average of 70 hours during which we:

The Premier League Inspires programme continues to grow, with an increase in qualifi cations being achieved by the students, more events and trip opportunities, and an increase in the number of female participants. 40% of our Premier League Inspires participants are female, with a new female cohort starting in 2024-25.

The highlight of the year was the nationwide Social Action Challenge, the theme this year was ‘mental health’. Our Fulham FC representatives went on to be voted the most impactful social action project across all football clubs. ‘Fulham Support’ went into a care home to deliver activities such as painting, walking and games. The young people also created a pen pal scheme whereby letters were exchanged, before attending the care home and continuing the social connections after the project.

Across Premier League Inspires, participants told us:

“The students of this year’s cohort have felt a real sense of achievement and they have really enjoyed the programme. I have seen an increase in confi dence and attitude from all of the group. There has been a positive impact on the cohort this year, particularly in confi dence and communication. There were instances of improved behaviour in those that found challenges previously. However, the biggest change was in school engagement and attitudes. The staff are fantastic! Our students really value the work the staff put in and so do we as a PE Department. The relationships the staff have built with our students is invaluable and allows them to have a positive impact.”

~~Department Lead, Premier League Inspires Partner School~~

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FULHAM FC Foundation

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Secondary Education, Training & Careers Football and Education

The 2023-24 season saw another highly successful year for the Football & Education programme, with the growth of all three of our male teams as well as launching our first female team. Across these four teams we supported 84 student athletes, providing each of them up to 390 hours of football training and matches.

The programme aims to provide student athletes with an exceptional footballing experience to support their football development, combined with a high-quality academic pathway. The impact this programme had on its participants last year is demonstrated through our feedback:

One key focus area this year has been the development of our exit routes for our student athletes post-programme. This year we established a partnership with an American Scholarship programme which has seen four boys offered a scholarship at universities in America and Canada. Alongside this, 15 participants also progressed on to our ‘Made in Fulham’ programme, which supports young people to take their first steps into a football coaching career.

“The programme has been the best part of my sixth form experience, and I have enjoyed everything from training with the girls to playing in matches. I also now know far more about the game than I used to, learned tactics, patterns and match discipline that I never knew before I came here.”

~~Football and Education College Programme participant~~

Annual Report & Financial Statements - for year ended 31st August 2024

Secondary Education, Training & Careers Made in Fulham

Made in Fulham offers a pathway for aspiring football coaches through mentoring, work experience, education and qualifications. Season 202324 was the first full year of delivery for the programme. We supported 44 participants, across 3 cohorts, to take their first steps into a football coaching career and we are immensely proud that 11 of our Made in Fulham participants have already progressed into employment since completing the 13-week programme.

Of the 44 participants:

Throughout the season Made in Fulham has evolved and developed, with 27 a significant addition seeing participants benefit from interacting with amazing guest speakers during the programme.

“The experience (Made in Fulham Celebration) was nothing short of humbling. Hearing first-hand that the VSS sessions were one of the many highlights of their journey - and that connecting with a professional coach provided them with invaluable tools to navigate mental health - was deeply moving. This is exactly why we do what we do.” ~~Tom Lamb, Key Partner, Virtual Soccer Schools~~

13 guest speakers, ranging from a CEO to an Academy Manager, to current professional first-team coaches and ex-professional players, to coach developers and grassroots coaches, all contributed to the success of Made in Fulham this season, inspiring and engaging all the participants.

FULHAM FC Foundation

Women and Girls EmpowHer

The 2023-24 season saw the introduction of the EmpowHer programme. This programme aims to inspire and provide female players aged 14 to 18 with enhanced confidence and self-esteem, whilst providing opportunities to increase knowledge and skills across physical and mental wellbeing, leadership and career pathways.

The programme also provides increased knowledge and understanding of the female pathway at Fulham FC and Fulham FC Foundation, FFC Women’s Under 18 programme, external opportunities and exit routes into careers in football.

Across the season the programme engaged 23 young people, 28 with an average contact time of 21 hours. 21% of engaged e young people were from an ethnically diverse community, with 13% identifying as having a disability.

Across the season, the programme ran workshops including sessions on mental health, nutrition, emotional control, exam stress support and an entire Women in Football series.

The programme also successfully supported 7 young people into other programmes such as our Girls Development Centre, Football & Education and Made in Fulham.

“I just wanted to say thank you for allowing us to be part of the group this evening. We got to meet Poppy and Josie who have been to every panel session, which for me shows real commitment to make the efort in their own time outside of their training/ participation to attend these sessions and get to meet all the diferent staf from the business!

It was lovely to hear about them as well and they let us ask them some questions about their goals and aspirations they are a credit to the programs you run and i hope they continue their journey with the Foundation!

Also a shout out to Mia, her story of participant to coach was brilliant and she told it so well! You can clearly tell how much she loves the Foundation family!”

~~Hayley Baker, Operations Manager and PA to the Chief Operating Ofcer, Fulham FC~~

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Annual Report & Financial Statements - for year ended 31st August 2024
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Female Football

Across The Foundation

During the 2023-24 season, 3,131 Women and Girls engaged in our activities and events – this was 882 more participants than in the 2022-23 season, an increase of 39% .

1,284 women and girls participated in specifi c female activities, this is 259 more participants than in 2022-23 – an increase of 25%.

In total, across the Foundation, 27.95% of our participants identifi ed as female.

Overall, this is the highest number of women and girls that have engaged in Foundation activities in the past 5 years. It’s vitally important that intersectionality is also highlighted within our statistics. The 2023-24 season saw 403 women and girls from an ethnically diverse community take part in female specifi c activities – this was an increase of 31% .

248 women and girls also disclosed that they had a disability, which was 166 more participants than the previous season.

Our female participants rated us 8.5/10 in terms of how inclusive our activities are for women and girls. 96.85% of participants stated they felt welcome and included when attending Foundation activities.

The highlight of the year was 120 women and girls taking part in an end of season play on the pitch festival at Craven Cottage which was the fi rst of its kind.

“I feel like my daughter has experienced some great opportunities by attending Fulham Kicks and GDC as well as grown in confi dence and football abilities. Thank you for the valuable work put into providing accessible and inclusive football activities for my daughter and other girls in the local area.”

~~Parent of Kicks / Girls Development Centre participant~~

FULHAM FC Foundation

Co Youth and Community Kicks ~~ee~~

During the 2023–24 season, Fulham Kicks has continued to make a significant impact, delivering free weekly football sessions at 22 venues across South West London. These activities have engaged 2,945 young people from the boroughs of Hammersmith and Fulham, Kingston, Lambeth, Merton, Wandsworth and Croydon.

In addition to the regular football sessions, the programme has provided numerous opportunities for young people to grow, develop, and contribute to their communities:

The programme has positively impacted participants. 96% reported improved physical wellbeing, 94% experiencing better mental wellbeing, 94% increasing their confidence and self-esteem and 94% of participants felt their contribution to creating a stronger, safer, and more inclusive community had improved.

“I have grown in confidence; I feel fitter, and I am glad that we do not have to pay for these sessions as this helps my family - It’s been amazing and has really helped my mental health and social anxiety.” ~~Kicks participant~~

“Since attending Fulham Kicks, my son is so much more confdent and has a positive attitude towards school and home life. Keeping active has made him happier and his passion for football has grown. He loves being social and has made some great friends – it has been a positive efect on his overall view of life and what he plans to do in the future, its helped shape him into a really pleasant young man and I am proud of him” ~~Parent of Kicks participant~~

Annual Report & Financial Statements - for year ended 31st August 2024 ~~LAPMREL~~ PP+QES — RUODUTAUMRAATOGNEE?* NEh

Youth and Community Refugee Kicks ~~[Po~~ vont

The Refugee Kicks programme has continued its growth over the 2023-24 season. With over 500 participants engaging in weekly football sessions and additional opportunities. A key highlight of the programme this season has been its commitment to developing and fostering new partnerships with Fulham Football Club and grassroots football clubs.

This has seen:

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We have delivered several wellbeing workshops and initiatives across our Refugee Kicks sessions this season. Delivered by our Mental Wellbeing Practitioners and supported by our Kicks staff.

This has been evidenced in the data from surveys completed by Refugee Kicks participants:

“We started working with Fulham FC Foundation in early 2019 at our refugee football session in Croydon. Fulham has been a great addition to our sessions, taking it to the next level by providing professional, fun and friendly coaching. It has opened up other opportunities for our young people too, being able to participate in tournaments and attend games at Craven Cottage, giving young refugees new to the UK a great introduction to English football!” ~~Key Partner, Hillsong~~

FULHAM FC Foundation

Fulham FC Foundation In Action Events

Delivering high quality, inclusive, welcoming events that engage and inspire our community is a key part of what we do.

Our events take on many forms, from huge festivals, celebratory events, tournaments and more intimate open sessions. We believe they all form a part of igniting a lifelong love of football, sport and just possibly, Fulham FC!

We ran far too many events to name them all, below are just a few key highlights.

Our Social Action Challenge finals took place in February. The finalists from our community groups, primary schools 32 and secondary schools coming together to present their social action project and be in with a chance of winning the coveted Fulham FC Foundation Social Action Challenge. Winning teams from Hollyfield Secondary School, Sacred Heart Primary School and the Kicks Youth Forum were all presented with a signed Fulham FC shirt and the funds to go out and deliver their social action project.

Across the month of March, Fulham FC and Fulham FC Foundation came together to celebrate International Women’s Day and provide women and girls with opportunities to take part in events and activities to mark the occasion. Over 300 women and girls aged 5 years to adults attended open evenings, festivals, tournaments, workshops and matchdays.

In the spring term, Fulham FC Foundation worked in partnership with Transport for London and local organisations to help young Londoners prepare for life in

Annual Report & Financial Statements - for year ended 31st August 2024

secondary school. The Junior Citizenship Scheme (JCS) is a partnership initiative aimed at giving young children the skills to deal with a wide range of emergency situations, and to enable them to make a valued contribution to their local community through good citizenship. The scheme provides a hands on approach to situations children may encounter in their transition to secondary school and beyond.

Across two weeks, over 1,200 pupils from 37 local primary schools based in Hammersmith & Fulham were hosted at Craven Cottage. 95% of children stated they learned how to develop good relationships and respect.

Our 3rd Annual Foundation Community Day took place in early June. Giving over 500 young people the opportunity to play on the hallowed turf at Craven Cottage and also giving us the opportunity to remember our dear colleague, Paul Smithers, through hosting the Paul Smithers Kicks Cup. A beautiful summers day was a fitting way to celebrate the end of the football season and pay tribute to Paul.

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Our Fundraising Events included our 5th annual DisAbility Matchday March, our Away Day Cycle to Nottingham and our first ever Stadium Sleepout, hosted at Craven Cottage. The events raising over £50,000 in total for our community programmes.

“Taking part in the (Social Action) Challenge was an amazing experience. Being able to actually design a project, present on it and then deliver it was amazing and something I never thought I’d be able to do. It was scary to do but it’s helped me learn so much by taking part and improved my confidence massively.” ~~Social Action Challenge participant~~

FULHAM FC Foundation

Fulham FC Foundation In Action Equity, Diversity and Belonging

The Fulham For All Equality, Diversity and Inclusion strategy is the Club and Foundation’s comprehensive commitment to promoting equality, diversity, inclusion and belonging, both within Fulham FC and throughout the broader community. By creating an environment where all individuals, regardless of background or identity, feel empowered and valued, the strategy aims to break down barriers, challenge inequality, and promote inclusivity.

Creating opportunities for underrepresented groups is one of the Foundation’s key strategic pillars.

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We are delighted that in the 2023-24 season, we engaged more female participants and more participants that identified as having a disability than ever before. 45% of our participants identified as from an ethnically diverse community, 10% more than the local population that we primarily work in.

We believe in the values of education, in creating a sense of belonging, in raising awareness and in celebrating diversity. We have engaged with various partners throughout the year to bring this to life. Below are just a few examples of the Foundation in action.

We hosted an Iftar event at Fulham FC’s Training Ground, bringing together members from two local Islamic centres. Before breaking fast together after sunset, participants engaged in a friendly game of football, creating memories and bonds to last a lifetime. Over 40 members from the New Malden Muslim Association and West London Islamic Centre

Annual Report & Financial Statements - for year ended 31st August 2024

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joined in the festivities, celebrating the traditions of Ramadan and promoting unity through sports.

To celebrate International Women’s Day we ran a wide range of activities and events across an entire month. From working with partners such as The Baytree Centre to run inspiring panels on ‘Breaking through the glass ceiling’, running ‘Inspiring the next generation’ question and answer sessions with local secondary schools to hosting huge EmpowHer Female Football Festivals at Fulham FC’s Training Ground.

We worked with local LGBTQ+ Community Football Club, London Falcons, to provide insightful training to our staff, developing our understanding and promoting good practice on inclusivity. As part of the Rainbow Laces 2024 campaign, we were delighted to offer our partner schools Rainbow Laces workshops, supporting pupils to learn more, understand how to be an ally, and demonstrate active allyship to the LGBTQ+ community.

Our DisAbility programmes continued to grow. We delivered Female Football DisAbility Festivals, launched Fulham Frame Football, delivered Blind Football Workshops to our Kicks participants and hosted Deaf Football Celebration Days at Fulham FC’s Training Ground. This just a small part of our total engagement with over 1,600 disabled young people and adults.

“My son has Autism and ADHD and three years back had been struggling at school with bullying amongst other things. His mum was recommended the Fulham Foundation football schools for being really good for children with Autism. My son at this point had never really kicked a ball. She took him along and he struggled at first but the Foundation coaches took him to one side and patiently worked one on one with him. His confidence and abilities grew and he was so proud to play with the Fulham DisAbility team in goal and fell in love with the beautiful game.

The coaches helped and inspired him so much. He became football obsessed and with his hyper focus, became very good at it! He went from his school D team all the way to the A team! Even getting to try out for his district. He now plays weekly for Met Police Youth and is a key member of his team.

Fulham and the Foundation inspired him so much and it is thanks to them that he lost so much weight and through the love of football gained so many friends. Plus it brought us as a family much closer together. I was a West Ham fan, former East Londoner and my next door neighbour growing up was the groundsman, but I had fallen out of love with Football but seeing how much Fulham and the Fulham Foundation had changed my son’s life made me fall head over heels back in love with the game and in turn in love with Fulham Football Club.

Our family is Fulham mad and so grateful for the club and Foundation for everything it has done for our son and family.” ~~Parent of DisAbility participant~~

FULHAM FC Foundation

Fulham FC Foundation In Action Keeping Everyone Safe

We believe keeping young people and vulnerable adults safe is at the heart of everything we do. We also know this works best when we work together with a range of partners – safer when we work together.

We deliver a range of workshops and education for our staff across the year. Staff Training in the 2023-24 season has been widespread and continual, including training provided by external partner agencies. For example, the Met Police and London Ambulance Service provided Critical Incident Training to all of our staff.

We host participant and parent / guardian forums across our 36 programmes. This ensures we have regular dialogue with our young people and their families. Through this we are able to gain vital feedback and look at how we can continue to improve our activities and services.

We are proud to provide additional education and raise awareness in line with national campaigns.

For example, in the past season we promoted the following: Safer Internet Day, Anti-Bullying Week, FA Safeguarding Campaign, Play Safe Weekend and the Keeping your Child Safe in Sport Week (NSPCC). As part of this commitment, we provided additional resources, training and highlighted through our communication channels the importance of providing safe environments for young people.

We also regularly complete safeguarding quality assurance visits across our activities. This year, we completed over 40 visits in total .

“First time at the session, as we live abroad, and I felt very happy to leave my child here. The sign in process was fantastic and Coach Sean was professional and friendly. Definitely will be coming back and feel very happy to leave my child here.” ~~Parent of Soccer Schools participant~~

“The sessions are always great quality, the coaches are a credit to the foundation and are really good people.” ~~School Head, Primary School Partner School~~

“Great coaches, I appreciate the coaches very much. The coaches work hard to improve players and make them feel happy. Coaches really care about us.” ~~Kicks participant~~

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Fulham FC x Fulham FC Foundation ~~lll~~ Fulham FC Community Tickets

During the 2023-24 season Fulham FC provided 3,358 tickets, to both men’s and women’s team matches, to members of the Fulham FC Foundation community including;

This season, at each Premier League fi xture, we welcomed diff erent communities that Fulham FC Foundation engage with across South West London. Each of these community groups was represented by a ‘Foundation Champion’, someone who embodies the values of Fulham FC, who had the honour of presenting the match ball on the Premier League plinth pre-game. For many of these Fulham fans it was their fi rst ever game at Craven Cottage, and hopefully their fi rst win!

Below is just some of the feedback we received from new members of the Fulham Family celebrating their Craven Cottage experiences last season.

“We had the best day ever! It was the fi rst time the boys had ever been to a football match and they loved every minute - as did I! Edward has been converted and is now an offi cial Fulham supporter like me! Thank you again they had a ball! And are desperate to go back!”

“This is to express our immense gratitude for the complimentary tickets to the Fulham FC women’s match yesterday, which our families attended together.

It made for a truly exciting afternoon of football spectating, culminating in Fulham winning a nailbiting penalty shoot-out. It was diffi cult to say who enjoyed it more - the parents or the students! We also proudly saw our school name feature several times on the stadium ticker tape. Many thanks for extending the experience to school parents @ ”

“Many thanks for the complimentary tickets for Fulham FC Women on Sunday. My daughter Emily had a great day out and she was so excited by the whole experience. She has taken the programme into school today – not sure it warrants a show and tell but she has the best day out with her dad! Many thanks for bringing these sporting events to our school and families.”

“I am writing to express my heartfelt gratitude to you and your entire football team for the extraordinary hospitality and unforgettable experience you provided to the children and families during our recent visit to your stadium.

It was a remarkable day that will forever hold a special place in our hearts. Your team’s dedication to making LL 37 our visit memorable did not go unnoticed. From the warm welcome at the gates to the thrilling moments on the fi eld, you truly made our dreams come true. The smiles on the faces of the children were priceless, and your players’ kindness and sportsmanship left a lasting impression on them. It’s not just about the game; it’s about the positive role models you all are for our young ones.

Your organisation’s commitment to the community and its unwavering support for young fans exemplify the values of sportsmanship and camaraderie. You’ve shown that winning isn’t just about the score on the board but the impact you make on the lives of those who look up to you.

Once again, thank you for your incredible generosity and for giving our children an experience they will cherish for a lifetime. We are proud to support a team that not only excels on the fi eld but also embodies the true spirit of sports.”

FULHAM FC Foundation

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Fulham FC x Fulham FC Foundation ~~Lo~~ Fulham FC Player Engagement

We love bringing Fulham FC and the stars of the football club to our local community. We know first hand how inspiring this can be to both young people and adults.

Across the 2023-24 season we were lucky to host 122 Fulham FC player engagements at our community activities. Players from the men’s first team, the women’s first team, the academy and former Fulham FC players all joined participants – engaging in activities, answering questions, having photos taken and of course, signing all sorts of footballs, shirts, boots and more!

Bobby De Cordova-Reid was welcomed by St Mary’s Catholic Primary School, Willian and Andreas Pereira joined a meet & 38 greet at All Saints C of E Primary School and pupils at Hinchley Wood Primary School were starstruck when Ella Tagliavini, Georgia Heasman and Olivia Dale joined them at their afterschool club. Harrison Reed and Harry Wilson joined the Fulham Memories Mad Hatter’s tea party, including playing games like ‘Crazy Eights,’ and enjoying tea, sandwiches and cakes.

“It was a really special afternoon and I honestly never imagined having two superstars in our hall meeting our children. They were so patient and very kind giving so much of their time.” ~~Kieran Gorman, Head Teacher, Partner Primary School~~

Annual Report & Financial Statements - for year ended 31st August 2024

9 players from across the men’s and women’s first teams headed to local children’s hospitals shortly before Christmas, meeting children and handing out Christmas gifts. To celebrate World Book Day, Kenny Tete and Issa Diop read books to children at local primary school, Melcombe Primary. Handing out books to children that Fulham FC fans had donated on match days.

Luis Boa Morte joined our Made in Fulham programme cohort, providing insight and expertise to the aspiring coaches, while Alain Goma signed up for our first ever Stadium Sleepout.

The Under 18’s joined a variety of our activities, including playing our Down’s Syndrome Badgers in their annual fixture, participating at our Walking Football training and joining our summer holiday soccer schools, not only playing with the participants, but also gaining valuable coaching, communication and leadership skills.

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“It was amazing to meet an incredible footballer like Bobby De Cordova-Reid, he was interesting and I enjoyed asking him questions.” ~~Year 5 Pupil, Partner Primary School~~

FULHAM FC Foundation

Fulham FC x Fulham FC Foundation ~~CO~~ Fulham FC Matchday Engagements

Matchdays are such a special experience for fans. They also provide a great opportunity for us to raise awareness, deliver memorable experiences and celebrate our local community.

For the first year ever, we celebrated a Community Champion at every single home Fulham FC fixture. These Community Champions ranged from participants, to coaches, to volunteers and to inspirational members from our local community. Each Community Champion had the honour of placing the Premier League match ball on the match day plinth and being introduced to Craven Cottage prior to the game.

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We raised awareness of mental health, hosting a mental health matchday with the aim of urging fans to ‘Kick Off a Conversation’ with their friends, family and fellow Fulham FC fans.

We also celebrated everything that the Premier League Charitable Fund and football club charities do up and down the country, highlighting the difference and the positive outcomes young people and adults benefit from through engaging with their local football club.

Annual Report & Financial Statements - for year ended 31st August 2024

Fulham FC x Fulham FC Foundation ~~Lo~~ Fan Engagement

The 2023-24 season saw the introduction of the Premier League Fans Fund. This fund provides grants to support football clubs at all levels of the game to strengthen connections between them, their fans, and local communities.

The fund supports a range of fan-focused and fan-led projects, helping to foster a sense of belonging through meaningful engagement. This includes schemes for under-represented groups, to further develop an inclusive and welcoming matchday experience for everyone.

Fulham FC Foundation have worked in collaboration with Fulham FC Women to focus on three key areas:

  1. Provide Playing opportunities for local women and girls.

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  1. Allow us to better understand the motivations for playing and barriers to participation.

  2. Improve the match day experience at Fulham FC Women’s Fixtures.

To date, the project has engaged with 238 participants. Of which:

The project has seen over 1000 match day tickets provided to the local community and organisations to attend Fulham FC Women’s home fixtures at Motspur Park and Craven Cottage.

“Bringing Jorgie to FFC and FFCW started out as my dad used to bring me to the FFC when I was young. The fact the Jorgie then wanted to come and join us was brilliant, she really enjoys watching football. The 3 of us go to the games together – both at Craven Cottage and Motspur Park. We especially like it at Motspur Park as we may see a player on our way in. Jorgie loves playing football wherever she’s playing and watching as long as she’s enjoying it that’s the main thing for me, that’s what makes us happy- see her happy!” ~~Parent of participant~~

FULHAM FC Foundation

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Fulham FC Foundation

Meet Our Community

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Meet Ben
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“I enjoy Active Autism, because you learn a load
of skills, you enjoy with your friends, you make
friends. It makes me part of the Fulham Family”
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Meet Levi
“They’ve always brought out the best in him,
he’s really been able to develop and grow as a
young man”
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Scan QR Code for video

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Meet Alexis
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“I’ve developed my resilience” “I’ve gained a sense of leadership” “I feel like I’ve got a sense of inclusion”

Scan QR Code for video

Annual Report & Financial Statements - for year ended 31st August 2024

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~~Meet J’Naye~~

“The programme has supported my confi dence and self-esteem, just by letting me know I have time to focus on what I need to improve and the support I’ve been getting”

Scan QR Code for video

~~Meet Essam~~

“His ability to communicate, his ability to lead and be a really key volunteer”

Scan QR Code for video

~~Meet Becky & Simon~~

“It helps to make me feel that you’re not alone. I like chatting with people anyway, but even better if we can sort of know I’m not the only one that’s going through something”

Scan QR Code for video

FULHAM FC Foundation

Our Year in Highlights Moments to Remember

September:

Dedicated to creating equal opportunities for women and girls to 44 take part in football, we launch a new Girls Development Centre at Blagdons Sports Ground.

December:

We host our first ever Made in Fulham graduation celebration. The event marked the culmination of a 13-week programme for the Made in Fulham participants, with their friends, family and Fulham FC Foundation coaches all in attendance.

October:

Our Fulham Memories group at Manresa Clubroom hosted a tea party with two very special guests – Fulham FC stars Harry Wilson and Harrison Reed.

January:

We deliver our inaugural Frame Football Festival at Fulham FC Training Ground, Motspur Park.

November:

Our Premier League Kicks venue in West Norwood embraces a new 4G playing surface for our participants, benefitting hundreds of young people every week.

February:

We launch a new partnership with St Mungo’s to support the mental wellbeing of people who are experiencing, or are at risk of, homelessness within the London Borough of Hammersmith and Fulham.

Annual Report & Financial Statements - for year ended 31st August 2024

45

March:

To celebrate World Downs Syndrome Day, Fulham FC Foundation’s Badgers take to the pitch for their annual game against Fulham FC’s under 18 squad.

June:

Our first ever two week ‘Fulympics’ tournament takes place, bringing some of the Olympic spirit along, with a variety of sporting exercises to our regular Fulham Memories weekly clubs.

April:

Billy the Badger joins members of the Fulham Family - Foundation participants and staff, as well as Fulham fans and their families - in taking on the challenge of walking up to 12 miles for the Fulham Family Walk.

July:

Our Premier League Inspires participants host a #MoveYourWay festival at Ark Globe Academy. Focused on supporting the physical and mental health of the female students at their school, while developing their confidence and leadership skills.

May:

Craven Cottage plays host to our very first Fulham FC Foundation EmpowHer Women and Girls Football Festival.

August:

Fulham FC Foundation’s partnership with The Children’s Book Project culminates with Fulham FC stars Issa Diop and Kenny Tete reading books to pupils at Melcombe Primary School and us distributing over 800 books that were donated by Fulham FC fans.

FULHAM FC Foundation

Thank you

Thank you to all of our participants, our supporters, our volunteers, our fans, the players and everyone else who has helped us build better lives through sport.

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Annual Report & Financial Statements - for year ended 31st August 2024

Strategic Network

Partner Schools

Community Network

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V FULHAM FC FouKaatio la* I,

Annual Report & Financial Statements - for year ended 31st August 2024

49

Fulham FC Foundation Statutory Information page

Legal Status

Charity Name: Fulham Football Club Foundation Charity Number: 1111639 Company Number: 04573248

Registered Office: Fulham FC, Training Ground, Motspur Park, New Malden, Surrey KT3 6PT

Operating Address: Wandgas Sports and Social Club, Grafton Road, Worcester Park, Surrey KT4 7JW

Trustees

Thomas Barry Chair of Trustees Darren Preston Company Secretary Lee Manning Treasurer Craig Morris Stella Fry Julie Evans

Katie Legg (Resigned 09/04/2024) Jon Don-Carolis

Management Team

Michael McSweeney Chief Executive Officer

Janet Taylor Director of Finance Paul Foley Director of Operations Thomas Lyons Director of Community Development Eleanor Rowland Director of Safeguarding and Inclusion

Company Secretary

Darren Preston

Bankers

Santander UK PLC, Registered Office: 2 Triton Square, Regent’s Place, London, NW1 3AN Metro Bank, 1 Southampton Row, London, WC1B 5HA

Auditors

Azets Audit Services Limited: 2nd Floor, Regis House, 45 King William Street, London, EC4R 9AN

FULHAM FC Foundation

Report of the Trustees Structure, Governance and Management

Legal Status

Fulham Football Club Foundation is a charitable company limited by guarantee, company number 04573248, and charity number 1111639, incorporated in the UK. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

Organisational Structure

The Foundation is overseen by a Board of Trustees who have been selected for their individual areas of expertise that they can bring to the Foundation and in a support and advisory role to the Chief Executive Officer. The Foundation is 50 managed on a day to day basis by the Chief Executive Officer.

The Trustees meet at least quarterly to review the overall performance of the Foundation, including financial results, consider projects in progress and the involvement in future projects.

As the Foundation receives income from the Premier League Charitable Fund it must comply with the Premier League Code of Capability which in many areas is similar to the Charity Governance Code.

Charitable Objects

large in the interests of social welfare and with the object of improving their conditions of life.

Relationship with the Club

The Foundation is structurally and legally independent from Fulham FC but enjoys a mutually supportive relationship reflected in shared values and our Board of Trustees, which includes the Fulham Chief Operating Officer and Commercial Director. There are many examples of us working in unison including the engagement of children and families. The Foundation benefits primarily through gifts in kind, including use of venues, whilst adding value to the Club by providing access points for direct engagement with the community, through the Foundation’s various community programmes.

Public Benefit

In setting our objectives and planning the activities of the Foundation, the Trustees have considered the Charity Commission’s general guidance on public benefit and believe that this report demonstrates how the charity provides public benefit.

Forty percent of the Foundation’s income from charitable activities is derived from grant funding provided by various grantors. This funding supports the Foundation in delivering a wide range of sporting activities aligned with its vision and strategy (outlined on page 8). While the target groups are often specifically defined, the activities are accessible to all who meet the established criteria. By offering coaching to all young people, the Trustees are confident that the vast majority of the Foundation’s work provides significant public benefit, reinforcing its identity as a public benefit entity.

Staff

Employees

The Trustees recognise the huge contribution made by salaried colleagues and extend their thanks to these colleagues for their continued effort in striving to be a self-sustaining charity. Thanks to the strong financial performance reflected in this year’s report, we are pleased to announce that we are able to reward our staff with a bonus.

Casual Coaches

The Trustees are grateful to these team members who continue to provide the services of the Foundation to the highest level.

Equality Statement

The Club and Foundation is committed to and endorses the principle of equality and strives to ensure that everyone who wishes to be involved in its activities whether as a supporter, participant, staff, and a member of the local community:

The Club and Foundation aim to embed equality, diversity, and inclusion across all levels of the business throughout this policy and aims to ensure that the message of EDI is followed and consistently practiced.

Annual Report & Financial Statements - for year ended 31st August 2024

Equal Opportunities

Fulham FC and the Foundation are committed to providing equal opportunities and have a zero-tolerance approach to discrimination of any form. This directive is led by Fulham FC’s Chief Executive Officer, Alistair Mackintosh, and the Foundation’s Chief Executive Officer, Mike McSweeney who have both been vocal in their commitment to our values, which are embedded and lived throughout. Employees are expected to refer to the values throughout their work:

Fulham FC and the Foundation are monitored on their commitment to Equality and Diversity by the Premier League and have been awarded ‘Pre-Liminary’ Status having gone through a thorough audit process of all our policies, procedures and practice. The Club is working towards intermediate status and has received early feedback from the Premier League that we are on schedule to be awarded this in June 2025.

Disabled Persons

It is the Foundation’s policy to provide full and fair consideration of applications, continuing employment and training of all staff while employed in the business. We endeavour to make our facilities available for disabled users as far as is possible within the constraints of a concern for the health and safety of all our colleagues and participants.

At the heart of Fulham FC’s value framework is a commitment under being ‘open and inclusive’ to equal opportunities and anti-discrimination, which runs through the recruitment and induction process. Fulham FC and the Foundation have developed the 2024-2027 Fulham For All, Equality, Diversity and Inclusion Strategy, which sets out objectives that are specific, measurable, achievable, relevant and timely. As part of this undertaking Fulham FC and the Foundation has committed to completing annual Equality and Diversity Monitoring Survey which provide updated information on the composition of our workforce. The data from these surveys is summarised, analysed and where appropriate suitable recommendations are made and presented to the Board.

The Internal Equality Working Group has established clear objectives on the basis of this data and will continue to monitor this closely from an operational perspective. Strategically, the Equality Strategic Steering Group will oversee each department’s (including the Foundations) Equality Action Plan.

Employee Involvement

It is the Foundation’s policy to keep all colleagues informed as to the development of the charity and then encourage them to contribute their ideas, feedback and comments through the management process which recognises and rewards genuine involvement in the success of the Foundation.

Environment

The Foundation has continued to adopt policies and procedures which take account of the need to preserve and protect the environment. The Trustees are committed to compliance with best practice in all aspects of the business.

Pay policy for senior staff

The pay for key management personnel is reviewed annually and normally increased (if possible) in accordance with average earnings, in the view of the nature and success of the charity, the Trustees benchmark against pay levels in other sport foundations of a similar size.

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FULHAM FC Foundation

Report of the Trustees Financial Review

Income Generation

During the twelve months ending 31 August 2024, the total value of grants raised was £802,171, compared to £871,924 in 2023. This decrease is primarily due to the current financial period being two months shorter than the previous one. Notably, we also launched a new programme, Fulham Teammates, which aims to increase social inclusion by encouraging more adult participants to engage with our Fulham Memories activities.

Income from fundraising events this year was £417,208 (2023: £438,365). During the year we have continued to explore different fundraising activities, introducing a Stadium Sleepout and Mascot prize draw. We also continue to have 52 regular giving initiatives and are grateful of the regular donations received from our supporters.

The Foundation does also receive donations from other various individuals and institutions. Within the twelve months £30,000 has been received from Fulham Football Club to cover the cost of kit.

Within this period the Foundation has received donations from former players of Fulham FC of £70,000.

The remainder of the Foundation’s work is largely funded by fees charged for the delivery of specific services. The policy of the Foundation is to calculate fee rates such that they recover the full cost of delivery of services.

Financial Results

Following the change to our accounting period last year, readers should note that the current financial year covers twelve months, whereas the comparative figures reflect a fourteen-month period.

For the period, the Foundation recorded an income of £2,563,147, achieving a total surplus of £218,540. After adjusting for differences in the use of restricted reserves, the final surplus stood at £215,687.

This represents a strong financial outcome, reflecting growth at the Foundation even when accounting for the additional two months included in last year’s results. Key areas of growth include Fundraising, the launch of Fulham Teammates as highlighted above, as well as the success of Soccer Schools and the Football & Education programme.

Additionally, the favourable cash reserves and higher interest rates during 2023–24 generated more interest income than anticipated. Of this, £10,000 has been allocated to a designated fund to expand bursary opportunities, while the remainder has supported the Foundation’s charitable activities.

Some of the increase in income has been reinvested into our delivery costs, with a particular focus on staffing. We have made strategic hires in Business Development & Communications, and Disability development and delivery. However, some periods of unfilled vacancies throughout the year have offset these costs, resulting in a reduction in overall expenditure in this area.

Reserves Policy

The Trustees have agreed that the Foundation should establish and maintain a free reserve (General Reserve) sufficient to cover the Foundation’s planned expenditure for a period of 3 months (currently around £600k). This level of reserves would enable the Foundation, if ever it became necessary, to conduct an orderly reduction or wind-down of its operations, if the major sources of revenue were reduced to a level below which it was no longer practicable for the Foundation to continue its operations.

The level of free reserves (represented by the General Reserve) at 31 August 2024 was £1,198,949 (2023: £991,850).

The Foundation’s unrestricted reserves are represented, in the majority, by cash at bank and in hand.

The Foundation has a Designated Fund equal to the net book value of fixed assets held in the Balance Sheet. This is because such a fund could not easily be realised in cash, and therefore should not form part of the General Reserve described above. We have also established a designated fund by ring-fencing a portion of the higher interest income, allowing us to further enhance the number of bursaries we can provide.

Budget Review Policy

In line with yearly budget planning, the use of reserves and any impact in relation to the above Reserves Policy will be reviewed and approved by the Board. Once the yearly budget has been approved, any subsequent use of the reserves will need a business case presented by the Foundation’s Chief Executive Officer for Board approval.

The financial results and explanatory notes for the year are detailed on pages 60 to 71.

Annual Report & Financial Statements - for year ended 31st August 2024

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Report of the Trustees Financial Review

Shortfall Policy

Any shortfall of reserves will be reviewed by the Board (monthly) in relation to the Foundations existing Risk Register, current budget situation and any forecasted budget expectations. Given the security of the ‘full’ 3 months Reserves Policy the Board will further review and agree an action plan for any shortfall in its Reserves Policy if the amount is above £150,000.

Excess and Spend Policy

The Board will consider reserves expenditure if the Reserves Policy target months has been achieved, subject to a business case which has been approved by all members of the Board. The Board will also consider expenditure, if the Reserves Policy has not been achieved, subject to a business case and full Board approval.

Risk Management

The Trustees identify and review the strategic, business and operational risks to which the Foundation is exposed and ensure that appropriate controls are in place to provide reasonable assurance against fraud and error.

In order to achieve this, the Trustees, Chief Executive Officer and the Management Team have undertaken an assessment of the risks to which the organisation is exposed, producing a risk assessment which identifies the impact of any risk and advises of steps to mitigate that risk. An annual review of the principal risks and uncertainties takes place. Alongside this is an action plan which identifies areas of improvement to mitigate risks further. This action plan is discussed at each Board meeting.

Payment of Creditors

It is the Foundation’s policy to agree payment terms as part of any formal contract with a supplier and to make every endeavour to abide by the agreed terms. Where a purchase is not covered by a formal contract, and no agreement is reached in advance of raising an order, the policy is that any valid invoice will be paid in full. The Foundation is sympathetic to, and pays particular attention to, the cash flow needs of its smaller suppliers. The Foundation took an average of 10 days (2023: 7) to pay its creditors.

The Key Risks identified are:

Our current level of free reserves is at 7 months cover and is therefore above the minimum expectation. With strong reserves in place, we are now exploring investment opportunities, including plans to invest in the development of a hub facility and office spaces. We are also developing a Careers and Employment plan to engage with more young people, guiding them towards our funded programs designed to support and enhance their career pathways.

Investment Policy

The level of cash held by the Foundation does not require a complex investment policy. To the extent that any surplus cash balances that do arise from time to time are invested into higher interest earning accounts.

  1. Child Welfare: As the Foundation exists to provide sports experience for children it is at the heart of our activities to ensure full compliance with law and best practice relating to children, their safety and their welfare.

  2. Loss of a major revenue stream: Certain sources of funding are very significant. However, most of these relate to the delivery of specific activities, which means that a loss of the revenue automatically leads to a cessation of the related activity, and the saving of the costs associated with it, albeit with some possible delay. More critical is the need to protect those revenues which contribute towards fixed costs.

FULHAM FC Foundation

54

Report of the Trustees Safeguarding

Fulham FC started the 24/25 season in our third consecutive year in the Premier League. As always ‘Pre-season’ consisted of a full review of the Safeguarding policies and procedures in order to meet statutory and league standards. The aims of all Safeguarding Policies are to:

Barnardos audited the Club and Foundation in October 2023 where we demonstrated high levels of compliance. Once again we were found to have complied with all 7 safeguarding standards and were noted as having areas of excellence across the standards, including in leadership and governance and child protection.

We are also proud to confirm that we have increased resources further in the Foundation Safeguarding’s team and in August this year we recruited a Safeguarding Children’s Champion.

The Foundation were also graded as ‘Exemplary’ in the 23/24 season under the Premier League Charity Commission’s ‘Capability’ process. A remote audit conducted by experts in each respective area.

In an ever-changing ‘safeguarding’ world we need to be agile and prepared for a change in risks and opportunities that our children and young people may come across. The 24-27 Safeguarding Strategy has been implemented this year and was signed off by the Safeguarding Strategic Steering Group. Our focus will be on creating a safe culture and safe environment and working towards 10 key objectives that are focused on, risk management, living in a digital world, protection, evolution, psychological safety, learning and development, compliance, leadership, listening and safer recruitment.

We have retained exceptionally high standards and quality of work, and this has been embedded with clear policies, procedures, and risk assessments (reinforced by good quality training) in order to ensure that the safety of our participants and staff has remained paramount.

The Foundation are living Fulham FC’s values and we seek to grow and develop every day to become pioneers and the best at what we do in all areas of delivery and especially safeguarding.

Across all programme delivery, Safeguarding is a priority for Fulham FC and the Foundation. Our ambition for safeguarding practice far exceeds regulatory and statutory minimum standards. We are amongst some of the best Football Clubs in the world and we are clear that we want to be a leader in the field and strive for a proactive safeguarding culture. Congruent with our values we wish to be Open and Inclusive, Pioneering, Action Orientated, Confident Custodians, and provide Service Excellence in order to promote the safety and welfare of our children and young people.

Annual Report & Financial Statements - for year ended 31st August 2024

Report of the Trustees Training & Recruitment of Trustees

The Trustees, who were in office from 1 September 2023 until the date of this report, unless otherwise stated, are set out on page 49. The Trustees are recruited according to their expertise and experience in the business, voluntary and charitable sector.

The Foundation is required to have at least 3 Trustees serving at any one time under its Articles of Association. No maximum limit is placed upon the number of Trustees. However, the Trustees believe that the optimum number of Trustees for the Foundation in its current circumstances is between 6 and 10.

The Trustees may appoint any person willing to act as a Trustee by passing an ordinary resolution at the next general meeting as long as not less than seven nor more than twentyeight clears days’ notice is given before the date appointed for that meeting.

At the first meeting of each year, the appointment of any person who has acted as a Trustee for over eight years shall be reviewed and the Trustees shall consider whether it is appropriate and in the best interests of the Charity for such person to continue as a Trustee.

The Trustees have established their own analysis of the needs of the Foundation for specialist knowledge and experience on the Board of Trustees. Suitable candidates are recruited to fill vacancies which arise and which cause the body of knowledge and experience to be deficient in any particular area. The Trustees recognise that the main purpose of the Foundation is concerned with provision of sports facilities for young people and that the skills needed are principally to support that purpose.

All Trustees are encouraged to be mindful of recruitment needs and to search out and recommend candidates. Any candidates proposed have to complete a process of interview by the Board (or by an ad-hoc committee of the Board formed for that purpose) and of preliminary familiarisation with the work of the Foundation. Part of this process is that the Chief Executive Officer of the Foundation advises the Trustees concerning the candidates’ mix of knowledge and experience, which must benefit the Charity. Each candidate is then given an induction file of detailed briefing notes and background material which explains the history and operations of the Foundation, the duties of the Trustees, and the legal framework in which the Foundation operates. If this process is successful the candidates are formally proposed as Trustees. It is the custom of the Board that new Trustees are 55 only appointed by a unanimous vote on an ordinary resolution. Once new Trustees are appointed to the Board, they undergo an induction where their personal training needs (to enable them to carry out their duties as a Trustee) are assessed and appropriate formal training is provided using specialised training establishments. All new Trustees are assigned specific responsibilities where their experience and knowledge can be put to best use to benefit the Foundation and its operations. Annual Trustee reviews are conducted to ensure that Trustees remain engaged, satisfied, and aligned with the Foundation’s goals and responsibilities. Members of the Foundation’s Board are required to disclose and register all relevant interests and withdraw from any : A :

Members of the Foundation’s Board are required to disclose and register all relevant interests and withdraw from any decisions where a conflict of interest arises. All related party transactions are disclosed in note 15 to the accounts.

FULHAM FC Foundation

Report of the Trustees Statement of Trustees’ responsibilities

The Trustees (who are also directors of Fulham Football Club Foundation for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the e 56 Trustees are required to:

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

In so far as the Trustees are aware:

[The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.]

Approved by the Trustees on 21st January 2025 and signed on their behalf by:

Thomas Barry Chair of Trustees Lee Manning Treasurer

Annual Report & Financial Statements - for year ended 31st August 2024

Fulham FC Foundation Independent Auditors report to the members of Fulham Football Club Foundation

We have audited the financial statements of Fulham Football Club Foundation (the ‘charitable company’) for the twelve months ending 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

Other information

The other information comprises the information included in the Trustees annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies 57 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.

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

FULHAM FC Foundation

Fulham FC Foundation

Independent Auditors report to the members of Fulham Football Club Foundation Continued

Opinions on other matters prescribed by the Companies

Act 2006

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

58 Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

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

the Trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of Trustees

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

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

Auditor’s responsibilities for the audit of the financial

statements

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

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 specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Annual Report & Financial Statements - for year ended 31st August 2024

59

~~Lo~~ Fulham FC Foundation Independent Auditors report to the members of Fulham Football Club Foundation Continued

Use of our report

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

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at:

https://www.frc.org.uk/Our-Work/Audit/Audit-andassurance/Standards-and-guidance/Standards-andguidance-for-auditors/Auditors-responsibilities-for-audit/ Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor’s report.

John Howard (Senior Statutory Auditor) For and on behalf of Azets Audit Services Chartered Accountants

Statutory Auditor 2nd Floor, Regis House 45 King William Street London EC4R 9AN

FULHAM FC Foundation

Statement of fi nancial activities

(INCLUDING INCOME AND EXPENDITURE ACCOUNT) TWELVE MONTHS ENDED 31 AUGUST 2024

||Notes
Unrestricted Funds £
Restricted Funds £
Total Funds 2024 £
~~|~~
~~|~~
~~|~~|Total Funds 2023 £
~~|~~
~~|~~
~~|~~| |---|---|---| ||Incoming Resources
~~|~~
~~|~~
~~|~~|~~|~~
~~|~~
~~|~~| ||Incoming resources from generated funds
Donations and Legacies
3
241,768
275,440
517,208
555,032
~~a~~
~~a~~
~~O~~|| ||Income from investments
4
38,222
-
38,222
17,112
~~eee~~|| ||Income from charitable activities
Education
5
-
76,368
76,368
17,540
~~eC~~
~~a~~
~~O~~|| ||Football and sport
5
1,061,159
150,947
1,212,106
1,219,074
Inclusion
5
8,611
710,632
719,243
803,449
~~OO~~
~~CG~~|| ||TOTAL INCOMING RESOURCES
1,349,760
1,213,387
2,563,147
~~a~~
~~G~~|2,612,207| |60
Resources Expended
Expenditure on raised funds
6
62,297
794
63,091
60,141
=~~ee~~||| ||Expenditure on charitable activities
Education
7
8,380
87,381
95,761
21,513
Football and sport
7
890,162
385,304
1,275,466
1,269,431
Inclusion
7
81,302
828,653
909,955
1,054,197
Loss on disposal of Fixed Assets
9
334
-
334
-
TOTAL RESOURCES EXPENDED
1,042,475
1,302,132
2,344,607
2,405,282
~~a~~
~~a a~~
~~a~~
~~GG~~
~~a~~
~~a~~
~~G~~|| ||Net income (expenditure)
307,285
(88,745)
218,540
206,925
~~a~~|| ||Transfer bewteen funds
12
(91,598)
91,598
-
-
~~a~~|| ||Net movement in funds
215,687
2,853
218,540
206,925
~~OO~~|| ||Balances brought forward at 01 September 2023
1,015,970
108,398
1,124,368
917,443
~~a~~|| ||Balances carried forward at 31 August 2024
1,231,657
111,251
1,342,908
1,124,368
~~SG~~||

All amounts relate to continuing operations. The Foundation has no recognised gains or losses other than the net income / (expenditure) for the year.

Annual Report & Financial Statements - for year ended 31st August 2024

61

Balance sheet

AS AT 31 AUGUST 2024

2024 2024 2023 2023
Notes £ £ £ £
Fixed assets
Tangible assets 9 21,082 24,120
Current assets
Debtors 10 1,826,758 1,231,220
Cash at bank in hand 1,624,643 1,451,852
3,451,401 2,683,072
Creditors
Amounts falling due within one year 11 (2,129,575) (1,582,824)
Net current assets 1,321,826 1,100,248
NET ASSETS 1,342,908 1,124,368
Funds
Unrestricted funds 12 1,231,657 1,015,970
Restricted funds 12 111,251 108,398
TOTAL FUNDS 1,342,908 1,124,368

Approved and authorised for issue by the Board of Trustees on 21st January 2025.

Thomas Barry

Chair of Trustees

Lee Manning

Treasurer

The notes on pages 62 -71 form part of these fi nancial statements.

FULHAM FC Foundation

Statement of cash flows

TWELVE MONTHS ENDED 31 AUGUST 2024

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----- Start of picture text -----
2024 2023
£ £
Net cash (used)/generated in operating activities 144,079 78,269
Cash flows from investing activities
Interest income 38,222 17,112
Purchase of tangible fixed assets (9,844) (13,238)
Proceeds from sale of tangible fixed assets 334 -
Net cash used in investing activities 28,712 3,874
Cash flows from financing activities
- -
Repayment of borrowing
- -
Net cash used in financing activities
62
Increase in cash and cash equivalents in a year 172,791 82,143
Cash and cash equivalents at the beginning of the year 1,451,852 1,369,709
Total cash and cash equivalents at the end of the year 1,624,643 1,451,852
Reconciliation of net income/ (expenditure) to net cash flow from operating activities:
2024 2023
£ £
Net movement in funds 218,540 206,925
Add back depreciation charges 12,548 14,767
- -
Add back write off of tangible fixed assets on disposal
Deduct interest shown in investing activities (38,222) (17,112)
- -
Deduct / (increase) in stock
Decrease / (increase) in debtors (595,538) (156,727)
(Decrease) / increase in creditors 546,751 30,416
Net cash used in operating activities 144,079 78,269
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Annual Report & Financial Statements - for year ended 31st August 2024

Notes to the Financial Statements

1 Accounting Policies

a) General information and basis of Preparation

Fulham Football Club Foundation is a company limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office and the operating office is given on the statutory information on page 49 of these financial statements. The nature of the charity’s operations and principal activities are set out on page 16.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through the Update Bulletin published on 2 February 2017), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Going concern

The Trustees continue to take all available steps to maintain sufficient resources in order that the Foundation can continue and, based on projections and available information, have a reasonable expectation that the Charity will have sufficient funds to continue to meet its liabilities as they fall due for 12 months from authorising these financial statements. Therefore, the financial statements have been prepared on a going concern basis. The Trustees can also take comfort from the Letter of Support given to the Foundation by Fulham FC which confirms that funds held by them on the Foundation’s behalf will be released to support the Foundation on an annual basis as when required.

c) Fund accounting

d) Incoming resources

All incoming resources are included in the statement of financial activities when the Foundation is entitled to the income and the amount can be quantified with reasonable accuracy. Incoming resources comprise the following:

The Foundation is usually entitled to income from grants in stages over the course of each related project, which approximates to when related expenditure was expected to be incurred. Accordingly, all grant income is credited to the Statement of Financial Activities (SOFA) when it falls due to be received to the extent that it is matched by relevant expenditure. Any income received in advance of expenditure is treated as deferred income.

Grants received as Restricted Funds, defined as those which carry an obligation to repay any sums not actually spent, are brought into the SOFA in the period of receipt and carried forward within Restricted Funds until either spent or refunded. This type of grant is much rarer as very few institutions pay grants before the relevant expenditure is incurred.

Any gifts in kind are included in the statement of financial activities in the year that they are received at an estimated value of the goods or services received.

e) Resources expended and Irrecoverable VAT

Expenditure is accounted for on an accruals basis. All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly or apportioned on an appropriate basis. Expenditure is recognised when the following criteria are met:

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

f) Allocation of Support Costs

Support costs are those costs which do not relate directly to a single activity. These include property costs, costs of administration, external audit costs and IT support. Support costs have been apportioned between categories of charitable activities on a direct basis, any remaining support costs are apportioned between the charitable activities undertaken based on the % of income of that activity. The analysis of support costs are shown in note 7.

g) Fundraising Costs

The costs of generating funds are those costs attributable to generating income for the charity, other than those costs incurred in undertaking charitable activities or the costs incurred in undertaking trading activities in furtherance of the charity’s objects. The costs of generating funds represent fundraising costs as shown in note 6.

h) Charitable Activities

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs, where not wholly attributable, are apportioned between the categories of charitable expenditure in addition to the direct costs. The total costs of each category of charitable expenditure include an apportionment of support costs as shown in note 7.

i) Tangible fixed assets

Tangible fixed assets costing more than £500 are capitalized. Tangible 63 fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation. Cost includes cost directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost over its expected useful life as follows:

Fixture & fittings Over 4 years Computers Over 4 years Software Over 2 years (the length of the contract)

j) Inventories

Inventories have been valued at the lower of cost and estimated selling price less costs to sell.

k)Debtors

Debtors are amounts owed to the charity. Short term debtors are measured at transaction price, less any impairment.

l) Cash and cash equivalents

Cash at bank and cash in hand includes cash and higher interest account deposits. Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due.

m) Creditors

Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt. Amounts which are owed in more than a year are shown as long term creditors.

FULHAM FC Foundation

Notes to the Financial Statements

n) Operating Lease Rentals

Rentals relating to operating leases are charged to expenditure as incurred.

o) Pensions

The Foundation operates or pays into defined contribution pension schemes for certain employees. The pension charge represents the amount payable by the Foundation to the fund in respect of the year.

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----- Start of picture text -----
2 Net Income / (Expenditure)
TOTAL 2024 TOTAL 2023
The net income / (expenditure) are stated after charging:
£ £
Depreciation of tangible fixed assets 12,548 14,767
Auditors renumeration - audit and tax fees 10,440 9,900
TOTAL 22,988 24,667
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p)Taxation

Fulham Football Club Foundation is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

q) Judgement and key sources of estimation policy

In the application of the charity’s accounting policies described above, the Trustees are required to make judgements, estimates 64 and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. These estimates, judgements and assumptions are made based on a combination of past experience, professional expert advice and other evidence that is relevant to the particular circumstance.

The following judgements, key assumptions and estimations have been made in the process of applying the above accounting policies:

I. Useful economic lives of tangible assets:

The annual depreciation charge of tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 9 for the carrying amount of the fixed assets and note 1(i) for the useful economic lives for each class of assets.

II. Bad Debt provisions:

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3 Donations and Legacies
Unrestricted income Restricted income TOTAL 2024 TOTAL 2023
£ £ £ £
Fulham Football Club Limited - 30,000 30,000 35,000
FFC former players 70,000 - 70,000 81,667
Other donations 171,768 245,440 417,208 438,365
TOTAL 241,768 275,440 517,208 555,032
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In 2023, £243,568 of donations and legacies income was attributable to the unrestricted fund and the remaining £311,464 was attributable to the restricted fund. The decrease in donations compared to last year can be attributed to the fact that the previous year’s accounts covered a fourteen-month period, resulting in a higher total for that timeframe.

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4 Income from Investments
TOTAL 2024 TOTAL 2023
£ £
Deposit interest - unrestricted 38,222 17,112
TOTAL 38,222 17,112
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The increase in interest income is primarily attributed to the rise in prevailing interest rates, which have created more favourable conditions for generating returns on deposits. Additionally, the Foundation has strategically utilised higher-interest deposit accounts to maximise earnings on available funds, further contributing to the significant growth in interest income during the period.

The recoverability of debtors is assessed regularly, and at the balance sheet date provisions for doubtful debts are provided based on prior year experiences. At 31 August 2023 there is no bad debt provision.

III. Cost allocation

The cost allocation methodology requires a judgement as to what are the most appropriate bases to use to apportion support costs: these are reviewed annually for reasonableness, the bases used is outlined in note 1(f).

Annual Report & Financial Statements - for year ended 31st August 2024

65

Notes to the Financial Statements

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----- Start of picture text -----
5 Income from Charitable Activites
Eductation Sport Inclusion TOTAL 2024 TOTAL 2023
£ £ £ £ £
Weekend football - 142,613 - 142,613 151,038
Holiday courses - 312,120 - 312,120 386,305
Schools coaching - 140,483 36,036 176,519 164,269
Special projects - 398,401 - 398,401 340,766
Football Experiences - 35,108 - 35,108 2,480
Grant funding 76,363 160,969 564,839 802,171 871,924
Other income 5 22,412 118,368 140,785 123,281
TOTAL 76,368 1,212,106 719,243 2,007,717 2,040,063
----- End of picture text -----

Grant funding in the year ended 31 August 2024 includes incoming resources from government grants to be £47,676 (2023: £54,185). In the year this comprises of performance related grants made by local authorities to fund social youth and community programmes that are offered through the Foundation, as per previous years.

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----- Start of picture text -----
5a Government Grants
Project TOTAL 2024 TOTAL 2023
£ £
Lambeth YLC Kicks 13,600 17,300
London Borough of Lambeth Kicks 8,908 14,440
London Borough of Merton Kicks 10,488 -
Kingston Safer Neighbourhood Kicks 4,800 4,800
Youth Justice Sport Fund Kicks - 18,275
Kings Coronation Fund Kicks 9,880 -
TOTAL 47,676 54,815
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FULHAM FC Foundation

Notes to the Financial Statements

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----- Start of picture text -----
6 Expenditure on raised funds
TOTAL 2024 TOTAL 2023
£ £
Direct costs - donations 63,091 60,141
Provisions for doubtful debts - -
TOTAL 63,091 60,141
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----- Start of picture text -----
7 Expenditure on
charitable activities Direct costs Wages and salaries Suppport costs TOTAL 2024 TOTAL 2023
£ £ £ £ £
Education 8,759 83,376 3,626 95,761 21,513
Football and Sport 144,124 1,064,849 66,493 1,275,466 1,269,431
66
Inclusion 105,441 765,995 38,519 909,955 1,054,197
TOTAL 258,324 1,914,220 108,638 2,281,182 2,345,141
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Support costs are made up of expenditure on rent and property costs of £46,278 (2023: £64,945), depreciation of £12,548 (2023: £14,767), governance costs £10,475 (2023: £9,935) and other office costs of £39,337 (2023: £39,313).

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7a Governance costs
TOTAL 2024 TOTAL 2023
£ £
Audit and tax fees 10,440 9,900
Other legal and professional costs 35 35
TOTAL 10,475 9,935
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Annual Report & Financial Statements - for year ended 31st August 2024

67

Notes to the Financial Statements

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8 Staff costs
TOTAL 2024 TOTAL 2023
£ £
Salaries 1,692,201 1,710,299
Social security costs 130,919 133,703
Other pension costs 35,912 36,153
Other staff costs 56,008 47,917
TOTAL 1,914,220 1,928,072
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Staff numbers employed in the year 2024 Average 2024 FTE 2023 Average 2023 FTE
Central / Administration 6 3.8 6 3.5
Operational staff 42 36.4 38 31.0
Sessional coaches 66 12.9 48 12.9
TOTAL 114 53.1 92 47.4
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The Foundation pays into a defined contribution pension scheme for certain employees. The cost for the year was £35,912 (2023: £36,153). At 31 August 2024 there was an outstanding amount to be paid of £7,005 (2023: £6,066) which was paid after the year end.

The number of employees who earned £60,000 during the
reporting period(includingtaxable benefts but excluding		 TOTAL 2024 TOTAL 2023
employer pension contributions) were as follows: £ £
£60,001 - £70,000 - 1
£70,001 - £80,000 - -
£80,001 - £90,000 - -
£90,001 - £100,000 - -
£100,001 - £110,000 1 -
£110,001 - £120,000 - 1

The Pension cost of these employees totalled £4,644 (2023: £8,214). The decrease in contributions is due to the fact that the previous accounts, covering an extended fourteen-month period, included contributions from more than one member of staff, leading to a higher total.

The Foundation considers its key management personnel to be the members of its Senior Management Team (as noted on Page 49 and 51 of the Trustees report) and Trustees. The total employment benefits including employer pension contributions of the key management personnel were £300,997 (2023: £347,541). The decrease relates to the fact that the 2023 figures were for fourteen months whilst 2024 is for twelve months. There have been no other changes in staff.

The Trustees received no emoluments during the year (2023: £nil). Expenses charged by the Trustees amounted to £nil (2023: £nil). The Foundation maintains an Executive Liability Insurance policy. The premium for this was £1,667 (2023: £1,717).

FULHAM FC Foundation

68

Notes to the Financial Statements

~~9 Tangible fxed assetsxed assets~~

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9 Tangible fxed assetsxed assets
Fixtures & Fittings Computers & Software TOTAL
Cost £ £ £
As of 1 September 2023 42,810 99,679 142,489
Additions 941 8,903 9,844
-
Disposals (3,783) (3,783)
As Of 31 August 2024 43,751 104,799 148,550
Depreciation
As of 1 September 2023 40,511 77,858 118,369
Charge for the year 1,005 11,543 12,548
-
Disposals (3,449) (3,449)
As of 31 August 2024 41,516 85,952 127,468
Net book value
As of 31 August 2024 2,235 18,847 21,082
As at 31 August 2023 2,299 21,821 24,120
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10 Debtors
2024 2023
Notes £ £
Trade debtors 18,973 27,915
Other debtors 15 1,789,224 1,195,528
Prepayments 11,082 2,429
Accrued income 7,479 5,348
TOTAL 1,826,758 1,231,220
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11 Creditors
2024 2023
£ £
Trade creditors 23,852 20,137
Social security costs & other taxes 30,756 27,469
Other creditors 47,247 52,404
Accruals 127,293 116,685
Deferred income 1,900,427 1,366,129
TOTAL 2,129,575 1,582,824
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11a Movement in deferred income
At 1 September 2023 Incoming resources Amounts released At 31 August 2024
DEFERRED INCOME 1,366,129 1,780,349 (1,246,051) 1,900,427
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Deferred income shown above mainly represents grants for specific projects and the closing balance of donations made to the Foundation from Fulham FC’s former players. The movement between 2023 and 2024 reflects the difference between monies received in cash and income released to cover expenditure in the year. Balances carried forward will be released over the remainder of the project life to match expenditure accordingly.

Annual Report & Financial Statements - for year ended 31st August 2024

Notes to the Financial Statements

11b Provisions for liabilities

An amount is included within the Accruals balance as per Note 11 for all untaken contracted staff holiday that is due at 31 August 2024. The Foundation’s holiday year runs from 1 January to 31 December.

An amount is included within the Accruals balance as per Note 11 for all untaken contracted staf holiday
that is due at 31 August 2024. The Foundation’s holiday year runs from 1 January to 31 December.		 Leave Pay £
At 1st September 2023 20,488
Additions 21,777
Reversals (20,488)
At 31st August 2024 21,777

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12 Funds
At 1 September Incoming Resources Transfers At 31 August
2023 Resources Expended 2024
RESTRICTED FUNDS £ £ £ £ £
Kit - 30,000 (30,000) - -
PL Core funding - 230,512 (230,080) (432) -
PL Kicks - 330,957 (353,640) 22,683 -
PL Primary Stars - 150,947 (171,881) 20,934 -
PL Inspires - 95,716 (109,782) 14,066 -
PL More Than a Game - 101,700 (109,682) 7,982 -
PL Made In Fulham - 76,368 (82,428) 6,060 -
DisAbility funding 89,518 127,383 (133,556) 4,445 87,790
Health & Wellbeing funding - 54,876 (74,252) 19,376 -
(including Fulham Teammates)
General Bursary Fund 9,603 8,201 - - 17,804
Girls Bursary fund 9,277 - (3,620) - 5,657
Others - 6,727 (3,211) (3,516) -
Total Restricted Funds 108,398 1,213,387 1,302,132 91,599 111,251
Unrestricted Funds
General reserve 991,850 1,349,760 (1,029,594) (113,067) 1,198,949
Designated fund 24,120 - (12,881) 21,469 32,708
Total Unrestricted Funds 1,015,970 1,349,760 (1,042,475) (91,598) 1,231,657
TOTAL FUNDS 1,124,368 2,563,147 (2,344,607) - 1,342,908
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The specific purposes for which the funds are to be applied are as follows: The kit restricted fund represents a donation made by Fulham FC as a contribution towards sports kit purchased for the furtherance of sports activities. This donation is given as gift in kind, 2024: £30,000 (2023: £35,000).

The Foundation partners with the Premier League Charitable Fund in order to run a number of programmes; PL Kicks, PL Primary Stars, PL Inspires, PL More than a Game, PL Made in Fulham and PL Fulham Teammates. The aim is to reach a diverse variety of participants, some hard to reach, to encourage and develop the potential of young people within sport, education and their communities. More than a Game also supports participants to improve their mental wellbeing 69 alongside the more traditional physical wellbeing.

DisAbility and Health & Wellbeing programmes provide opportunities to improve the education, health and wellbeing of people of all ages, abilities and backgrounds. With the support of a number of funders and participant fees we run a number of initiatives across the boroughs we work within.

We continue to hold restricted reserves to support future costs of DisAbility programmes and girls/mixed bursary. We were able to offer bursary places on our Skills Club, Soccer Schools, DisAbility and Girls Development Centre programmes during the year.

Restricted funds are held due a timing difference of donations received and recognised and programmes that donations were given for have begun.

The General Reserve is the amount which is being built up and retained from net unrestricted surplus funds to be able to meet the Foundation’s planned expenditure for a period of three months, such period being, in the opinion of the Trustees, the time needed to conduct an orderly wind-down of the Foundation’s activities if major sources of revenue reduced to a level at which it was no longer practicable for the Foundation to continue its operations. The transfer represents the Foundation’s contribution to projects funded from unrestricted income.

The designated fund represents the net book value of Fixed Assets held for charitable uses. Such assets cannot be easily realised for cash and therefore cannot form part of the General Reserve. We have also established a designated fund by ring-fencing a portion of the higher interest income achieved, allowing us to further enhance the number of bursaries we can provide.

FULHAM FC Foundation

70

Notes to the Financial Statements

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1 2a Funds - Prior Year
Resources At 31 August
At 1 July 2022 Incoming resources expended Transfers 2023
RESTRICTED FUNDS £ £ £ £ £
Kit - 35,000 (35,000) - -
PL Core funding - 253,881 (253,881) - -
Smart Energy - 875 (875) - -
PL Kicks - 390,220 (420,420) 30,200 -
PL Kicks Targeted - 2,372 (3,291) 919 -
PL Primary Stars - 178,016 (185,619) 7,603 -
PL Inspires - 118,706 (125,997) 7,291 -
PL More Than a Game - 140,122 (146,971) 6,849 -
PL Player Liason - 11,794 (11,794) - -
PL Made In Fulham - 17,540 (18,035) 495 -
Kickstart Programme - - (404) 404 -
DisAbility funding 99,722 112,411 (124,594) 1,979 89,518
Health & Wellbeing funding - 39,618 (73,577) 33,959 -
General Bursary Fund 2,096 7,558 (51) - 9,603
Girls Bursary fund 10,184 2,356 (3,263) - 9,277
Total Restricted Funds 112,002 1,310,469 (1,403,772) 89,699 108,398
Unrestricted Funds
General reserve 779,792 1,301,738 (986,743) (102,937) 991,850
Designated fund 25,649 - (14,767) 13,238 24,120
Total Unrestricted Funds 805,441 1,301,738 (1,001,510) (89,699) 1,015,970
TOTAL FUNDS 917,443 2,612,207 (2,405,282) - 1,124,368
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13 Analysis of Net Assets between funds
The net assets are held for the various funds as follows: Restricted General Designated TOTAL 2024
£ £ £ £
Tangible fixed assets - - 21,082 21,082
Cash at bank 283,671 1,329,346 11,626 1,624,643
Other current assets 6,389 1,820,369 - 1,826,758
Current liabilities (178,809) (1,950,766) - (2,129,575)
TOTAL 111,251 1,198,949 32,708 1,342,908
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Annual Report & Financial Statements - for year ended 31st August 2024

71

Notes to the Financial Statements

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13a Analysis of Net Assets between funds - Prior year
RESTRICTED GENERAL DESIGNATED TOTAL 2023
£ £ £ £
Tangible fixed assets – – 24,120 24,120
Cash at bank 328,356 1,123,496 - 1,451,852
Other current assets 5,245 1,225,975 - 1,231,220
Current liabilities (225,203) (1,357,621) - (1,582,824)
TOTAL 108,398 991,850 24,120 1,124,368
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14 Other commitments

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At 31st August 2024, annual commitments
under operating leases were set out as below: 2024 2023
Land & Buildings Land & Buildings
Operating leases which expire:
Within one year 21,576 -
- -
Within two to five years
TOTAL 21,576 -
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We are currently operating under a license for office space at Wandgas Sports & Social Club which completes at the end of February 2025. Previously we were renting office space here on a rolling month by month basis.

15 Related party tranactions

By virtue of a letter of ongoing support given by Fulham FC, under which they confirm that they are holding funds donated by its former professional players on behalf of the Foundation, Fulham FC is treated as a related party. These donations will be released to support the Foundation to enable it to meet its ongoing liabilities as they fall due and support new agreed initiatives.

At the balance sheet date there was also an agreement between the Foundation and Fulham FC to provide administrative, payroll, security and maintenance services. Fulham FC has provided restricted gift in kind of £30,000 (2023: £35,000). Balances with related parties as at 31 August 2024 are as follows:

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2024 2023
Due To Due From Due to Due From
£ £ £ £
Fulham Football Club Ltd - 1,789,224 - 1,195,527
TOTAL - 1,789,224 - 1,195,527
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Two of the Trustees and directors of the Foundation are also directors of Fulham Football Club, Mr D Preston and Mr J Don-Carolis. The relationship bears no financial benefit.

FULHAM FC FOU￿thAT10 Registered CharityNumber 1111659