2025-07-31-accounts - Eagles Community Foundation

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NEWCASTLE EAGLE5 COMMUNITY FOUNDATION gosk/s

All Hoops4Health roadshows are delivered by our men’s and women’s Superleague players and staff.

schools participated. 47

roadshow participants. 3600 school teams in tournaments. 128 young people in tournaments. 1,024

EAGLES JUNIOR individual places filled at club sessions 101,897 and cvl across the year. junior club sites across the 13 North East.

1,933

registered junior players.

The Eagles Central Venue League has expanded again this year with our highest ever demand for competitive basketball. The league spans twenty-four weekends at the Vertu Motors Arena across the academic year.

competing teams with CVL across the 263 two leeague. registered 1533 junior players. competiting in 1400+ CVL each week.

FOUNDATION

Volunteers are integral to the Foundations delivery, each of our community clubs have various volunteer opportunities ranging from assistant coaches, team managers, fundraising, washing kits to administration support.

Volunteers 159 Hours donated 17,502

THANKS TO OUR

On behalf of the Eagles Community Foundation, thank you to all of our Board of Trustees for their commitment this year: Alan Younger, Dave, Forrester, Eric Wilson, Jeff King, Paul Blake, Dan Cooper, Stephen Savage and Su Cumming

‘Wellby’ refers to the Wellbeing-Adjusted Life Year (WELLBY), a metric used to measure, value, and monetise changes in people's happiness or life satisfaction. It is increasingly adopted by governments, including the UK Treasury, to evaluate the social impact of policies, projects, and investments.

Sport England uses WELLBY (Wellbeing-Adjusted life year) to measure the massive financial value of sport and physical activity, showing it boosts health, happiness, and productivity, preventing disease and saving public money, with figures reaching over £100 billion annually in social value, highlighting significant returns on investment in active lifestyles. WELLBY allows for credible valuation of wellbeing impacts (like better sleep, less depression) beyond just fitness, helping secure funding and investment for active projects.

Using the WELLBY formulae within the junior basketball player pathway programme plus enabling the external Vertu Motors Arena sports clubs the Foundation contributes.

£10,064,900 SOCIAL & WELLBEING VALUE TO THE NORTH EAST

THE FOUNDATION EMPLOYED DURING THE YEAR 170+ MEMBERS OF STAFF PAYROLL OF £870,334 LOCAL AND NATIONAL SUPPLIERS RECEIVED £1,000,000 WORTH OF CONTRACTS ARENA FOOTFALL 300,000 VISITS 20,349 UNIQUE BENEFICIARIES 37.57% WOMEN AND GIRLS 15,505 DELIVERY HOURS 40 FULL ARENA MODE EVENTS INCLUDING FOUR INTERNATIONAL BASKETBALL GAMES

INTRODUCTION FROM CHAIRMAN THE BOARD OF TRUSTEES

On behalf of all Eagles Community Foundation board of trustees, staff and volunteers it is my privilege to present this report, reflecting on what has been a productive, inspiring, and impactful 2024–2025 season. Over the past twelve months the Foundation has continued to maintain the number of players playing and competing at the Vertu Arena and in the constituent club sites, consolidating our programme as the largest single basketball community project in the United Kingdom and one of, if not the largest, youth community projects in the region.

We continue to focus on our strategy to grow the number of basketball clubs we operate, sessions aimed at improving physical fitness, mental health awareness, and social inclusion. These clubs have proven vital in addressing isolation and promoting a sense of belonging.

Our collaboration with local schools, community groups, and sponsors has enabled us to broaden our impact and deliver high-quality programmes. Once again, this year our headline school projects: ‘Hoops for Health’ and ‘Science of Basketball’ have enabled us to work directly with almost 100 regional primary schools. I would like to extend my sincere thanks to all our partners for their continued trust and support. Financially, the Foundation has remained stable, thanks to careful management and the generosity of our supporters and funders.

This stability has allowed us to invest in new initiatives while maintaining

the quality of our existing programmes. Nonetheless, we remain mindful of the challenges facing the sector and will continue to seek sustainable funding opportunities to secure our future growth. None of our achievements this season would have been possible without the dedication of our staff and volunteers. Their passion, professionalism, and commitment are the driving force behind everything we do. I would also like to acknowledge the Board of Trustees for their guidance and governance throughout the year.

As we look ahead to the 2025–2026 season, we remain focused on expanding our reach, deepening our impact, and continuing to serve our community with integrity and purpose. We are excited about the opportunities that lie ahead and are committed to building on the strong foundations maintained this year.

Contents
Facts and Figures	1, 2	Case Study:Percy Hedley	13
Impact	3	Central Venue League	14
Introduction Player Pathway Hoops 4 Health Fundraising & Donations	4 5 6,7 8	Newcastle Eagles Academy Sport Newcastle Case Study: National Call-ups End of Season Dinner	15 16 17 18
STEM Club Development	9,10,11 12	Case Study: Golf In The City FRP Corporate Challenge	19 20
		Arena	21

The Eagles player pathway is structured to be as inclusive as possible with access to:
Eagles primary education to learn and to be inspired
Eagles Junior clubs to develop and enjoy the sport in structured local sessions
Eagles junior league to enjoy a competitive outlet with mentoring for all areas of the game
Eagles academy to have the opportunity to participate nationally
Eagles College Academies to continue development whilst studying
Eagles link BCB club to excel in senior national league
Eagles senior teams to compete at the highest level in the country

PRIMARY EDUCATION: TO BE INSPIRED

The Hoops 4 Health programme is a healthy living programme delivered to key stage 2 pupils with more than three thousand pupils across Tyne and Wear and South East Northumberland benefiting across 2024-25.

Funding partners included:

North Tyneside Council
Northumbrian Healthcare Trust Hospital Volunteer Service
Northumbrian Water

PROGRAMME OUTLINE

The programme consists of five stages and this year delivery happened in each of the schools taking part. Every part of the programme is delivered by either the Newcastle Eagles or Eagles Community Foundation and the following pages will give a more detailed account of what each stage entails.

STAGE 1 - ROADSHOWS

An informative afternoon in each of the schools delivering key health related messages

STAGE 2 - COACHING

Four hours of coaching are delivered per school by community coaches.

STAGE 3 - TOURNAMENTS

Six tournaments are held for each local authority area

STAGE 4 - FINALS

Each tournament has a tournament final held at the Vertu Motors Arena

STAGE 5 - CHAMPION OF CHAMPIONS

All tournament winners are invited back to the Vertu Motors Arena to compete for the ultimate crown;. Champion of Champions

TOTAL PARTICIPANTS: 3,600

FUNDING PARTNERS

TOURNAMENT FINALS

NEWCASTLE

1st Gosforth Junior High 2nd Gosforth Central Middle 3rd St Albans Primary 3rd Our Lady & St Annes Primary

SUNDERLAND

st Farringdon Academy 2nd Barnes Junior rd East Herrington 3rd Richard Avenue

NORTH TYNESIDE

1st Preston Grange Primary 2nd Valley Gardens Middle 3rd Valley Gardens Middle 3rd Marden Bridge Middle

GATESHEAD

1st Kells Lane Primary 2nd Fellside Primary 3rd Fellside Primary 3rd Kells Lane Primary

SOUTH TYNESIDE

1st Stanhope Primary 2nd St Bedes RC Primary

NORTHUMBERLAND

1st Ovingham Primary 2nd New Delaval Primary 3rd Dr Tomlinson CofE Primary 3rd Ovingham Primary

A "Ford Activation Day" (specifically titled Drive 4 UR Community) was hosted by Vertu Ford Newcastle at the Vertu Arena on Saturday, May 24, 2025. The event was a fundraising initiative where Vertu Ford Newcastle donated £30 for every test drive taken to the Eagles Community Foundation (ECF), which supports grassroots basketball and youth development. The event successfully raised over £2,600 for the Eagles Community Foundation.

North east based networking group Golf in the City (GITC) put their sporting skills to good use and raised £16,600 for the Eagles Community Foundation and Teesside Charity.

This year the two charities benefited from the event with all funds raised split equally, ensuring that the proceeds will directly benefit young people in the North East.

CRAIG THOMPSON

FLOOR CO

PRIMARY EDUCATION: TO BE INSPIRED

SUPPORTED BY

The STEM: The Science of Basketball programme has proven to be a valuable initiative, reaching 3,107 young people during the 2024-25 academic year. The programme successfully intertwines the worlds of sport and education.

This innovative programme not only promotes physical activity but also enhances the participants' understanding of science, technology, engineering, and mathematics through the lens of basketball.

Notably, the programme has made strides in inclusivity, with 20% of those benefiting coming from ethnic minority backgrounds. This diverse representation is crucial in fostering a more equitable environment where all young people can access and benefit from quality STEM education.

By engaging students with interactive and relatable content, the program inspires future generations to pursue STEM careers, ultimately contributing to a more diverse and skilled workforce in our region.

TOTAL NUMBER OF YOUNG PEOPLE BENEFITING 3107

PRIMARY EDUCATION: TO BE INSPIRED Media Coverage

BBC LOOK NORTH VIEWING FIGURES: 300,000 PER NIGHT

FACEBOOK: 9.3K VIDEO VIEWS 8K POST REACH 161 REACTIONS LINKEDIN: 900 VIEWS 770 IMPRESSIONS 60 ENGAGEMENTS 30 REACTIONS 25 CLICKS

WATCH THE BBC REPORT ON

PRIMARY EDUCATION: TO BE INSPIRED

SUPPORTED BY

In this project we aim to teach the pupils the importance of not only the engineering elements of; understanding materials, measuring, design, planning and construction, but also the sociological elements of teamwork, effective communication, negotiation and leadership.

The second part of the task is the construction of the basketball hoops and basketball shooting mechanism. The businesses are given a number of starting resources to use and they are free to design and build. We have 'the shop' where they can purchase additional resources, as well as trade resources with their fellow businesses.

Learning through guided play has been shown to support in key aspects of children’s learning and development according to numerous studies, notably University of Cambridge, 2022.

The students work as a team in their 'business' to design and draw a basketball court, in line with the measurements given to them in their information pack:

how to plan effectively how to use their resources work as an effective team

Allowing the students to have creative freedom to design and build is when you truly see them explore different ideas of how to make the task a success. The resilience of trying and failing and adapting until they successfully build the structures has been great to witness as some teachers and students have explained that this has helped those who have struggled with resilience learn that it is okay not to succeed on the first attempt. We have also had so many unique designs, with students thinking outside the box so far as to start building other structures such as seating stands, entrance tunnels and even moving camera runs!

At the end of the session, each business must present their models to the rest of the class, they must share their plan and ideas, what challenges they faced, how they overcame those challenges, as well as the resources used, and if there were any additional resources acquired. This part of the task is invaluable as it gets the students to publicly speak at a young age, which can be challenging!

TOTAL NUMBER OF BENEFICIARIES 776

CLUB DEVELOPMENT

The Eagles Community Foundation (ECF) run 13 junior club sites across Tyne and Wear and South East Northumberland. The sites provide structured club sessions for those players that have transitioned from our school outreach programme.

We welcome all youngsters and young adults into the clubs no matter how much playing experience or exposure to the sport they have previously had. At each club site the coach(es) will work with the players to help them improve on their skill levels and get an understanding of the rules and the game of basketball. The players will be made aware of the player pathway and the officiating/coaching opportunities.

Although players will have the opportunity to have some competitive play at the club sessions it is important that they also have the opportunity to play against other clubs at their age group. The Eagles Central Venue League allows all players to have that competitive outlet with no need for trials to make the team. Teams are then split into divisions to make it competitive and ensure the players get the most out of competing. Being a part of a team encourages players to work as a team to achieve common goals. It also gives the players the experience of both winning and losing and how to deal with both situations.

Like with all sports the volunteers across the club sites are invaluable to what we do. The volunteers take on a whole list of duties ranging from coaching to fundraising allowing the head coaches to be able to just coach the players. The volunteers are made up of junior players, former players and parents.

The membership has grown again from last year with eleven of the clubs going beyond 100 members and two clubs with more than 200 members.

TOTAL JUNIOR CLUBS TOTAL PLAYERS 1,933

AGE GROUPS &

MEMBERSHIP 2024-25

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Gateshead Northumberland
Cardinal Hornets U6-U18 216 Cramlington Vikings U10-U18 189
Whickham Royals U8-U18 189 Morpeth U12-U18 72
Ryton Rockets U10-U18 83 Ponteland U10-U16 89
Newcastle North Tyneside
Gosforth Goliants U10-U18 227 North Shields U10-U18 167
Kenton Force U12-U18 131 Tyne Met Tigers U12-14 129
East Griffins U10-U18 107
South Tyneside
West Hoopstars U10-U18 159
South Tyneside U8-U18 174
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Over the past two years, the Eagles Community Foundation has actively worked towards greater inclusion in keeping with its mission to make basketball accessible to everyone, regardless of background or ability. The foundation’s ‘Inclusive Basketball’ sessions for adults with learning disabilities and autism, run in partnership with LD: North East, have been such a huge success they now run at full capacity.

Building on the success of those sessions, the Foundation was recently approached by the Percy Hedley Foundation, a North East disability charity supporting individuals with complex learning disabilities and additional communication needs, to create a new six-week work placement programme.

With only one in five people with a learning disability currently in employment, the Foundation recognises the importance of providing real-world opportunities to help break this stigma and the placements will offer students hands-on experience in a sporting environment. Candidates apply, attend an interview, tour our facilities, and if successful, join the Foundation’s team for a weekly placement with roles that will include setting up sessions, assisting coaches, and even leading parts of sessions where they feel comfortable.

“The students have been incredible, getting involved from day one and it’s been amazing to see their confidence grow”, said Susan Hunter, Chief Operating Officer of the Eagles Community Foundation. “We hope to strengthen this partnership further and, where possible, provide paid employment opportunities in the future.”

Kerry Robinson, Project Manager at Percy Hedley Foundation, added: “The impact of this partnership has been life-changing.” “One student, passionate about basketball, confidently led a small group for the first time. Another, struggling with social anxiety, was overjoyed after attending an interview. “These experiences go beyond work – they empower students in their everyday lives.”

COMPETITION STRUCTURE

TOTAL NUMBER OF TEAMS COMPETING ACROSS THE SEASON

263

The Eagles Central Venue League (CVL) is a development league giving all Eagles club players the opportunity to play the game competitively. The league operates a policy that teams are open to all club members, not determined by players having to attend any trials. To allow new teams to enter and for the league to have the ability to expand, it is split into two blocks across the season. The league continued the same format as the previous year with:

Saturday: U14's, U16's, U18's Sunday: U12s, U10's, U8's

The Saturday league age groups runs full court 5 v 5 games with a full height basket for both boys and girls competing. Each game is played with a running clock to ensure that all fixtures can be played. Each of the teams have a coach to help support and encourage the players.

On a Sunday the league changes from U12's full court to U8's and U10's playing on half courts with the side hoops lowered to 8ft. Instead of 5v5 this age group plays 4v4 games.

The Foundation provides an opportunity for people to gain governing body qualifications in refereeing, officiating and coaching. This then helps players, parents and individuals wanting to support the league become involved and work or volunteer alongside full time members of the outreach team. This has enabled the growth in workforce development for basketball in the region with many people continuing to develop further in the sport with additional qualifications.

Those that gain their award are then employed by the foundation including people as young as 14. Gaining officiating awards allows people to gain experience and thus confidence in working across all age groups.

The coaching pathway is really important to us as a foundation as it ensures that we have a pool of coaches to be able to deliver in both clubs and across the outreach programme.

ELITE PERFORMANCE PATHWAY

The Academy grew to nine teams competed across 4 age groups in the 2024/25 season, with the addition of the NBL u18 Men’s team which consisted of Newcastle College student-athletes. This allowed the capacity of the College academy to increase and numbers to swell to 38 for this season.

The Advanced Development Group (ADG) has now proved invaluable to recruiting players into the Academy at under 14 level. The ADG aims to bridge the gap between recreational basketball and the performance side by working with 11 and 12 year old players to give them a glimpse of what is to come as they approach Academy age. Monthly exposure to performance coaches and offcourt education is designed to prepare them for the expectations of the Eagles Academy, and players are talent identified from our Central Venue League clubs.

It was a good year for development for our under 14 squads with two players earning invites to National TeamsPREMIER NORTH DIVISON (see below). Our under 16s teams made playoffHead Coach: Selin Straughan Assistant Coach: Rachel Bland appearances as did our under 18s, and our under 19s programme continues to progress with a finals appearance from the AoC team and our CBL team wracked up a 7-7 record, narrowly missing out on playoffs.

On the coaching side, performance coach Anth Reed also received a call to National Teams, representing England u14 assistant and Great Britain u16 assistant at the 2024 Junior European Champhionships. Development Manager, Ian MacLeod, represented Great Britain u18s as assistant coach in his fifth junior European Championships.

ELITE PERFORMANCE PATHWAY

The Sport Newcastle Awards night, held at Newcastle Civic Centre, celebrated the outstanding achievements and bright futures of North East athletes across a variety of sports. Among the many talented individuals recognised was Francis Ogbolu, a shining example of the success fostered by the Eagles performance pathway.

Francis, a dedicated basketball player and key figure in the Eagles Community Foundation‘s development initiatives, was awarded a Rising Star Grant at the prestigious event. This recognition highlights his exceptional talent and commitment to the sport, as well as his potential to excel at the national and international levels.

The Rising Star Award comes with a grant, valued at £250, to support young athletes who are making significant strides in their sporting careers. As part of the Eagles pathway, Francis has not only developed his skills but has also embodied the values of teamwork, determination, and community spirit that the Foundation strives to instil in its players.

SEB WHYTE : ENGLAND U15 BOYS Seb had an impressive season with the Eagles u14 boys team. Earning national recognition as one of the most promising players in the country at his age group.

ROBYN DONNELLY : WALES U16 GIRLS Robyn has cemented herself as a regular in the Wales setup. She has earned multiple international caps behind an impressive season with Eagles u16 Girls.

ANTH REED : ENGLAND U14 BOYS AOC Alongside leading our u19 programme, Anth was appointed as both England u14 and Great Britain u16 assistant coach. In his third year with the Eagles programme Anth continues to go from strength to strength

End of Season Dinner

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F R P Advisory
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GOLF IN THE CITY PUTTS SHARE OF £16,600 INTO THE FOUNDATION

North east based networking group Golf in the City (GITC) put their sporting skills to good use and raised £16,600 for the Eagles Community Foundation and Teesside Charity. This year the two charities benefited from the event with all funds raised split equally, ensuring that the proceeds will directly benefit young people in the North East.

“ We were amazed last year at the amount we raised but this year, we have gone at least one under par. We are thrilled that the Newcastle Eagles Foundation and St Cuthbert’s Hospice will benefit from our love of the sport” Marc Millar

“This is now an annual event, and we hope to continue supporting local charities and fostering a sense of community through our passion for golf.” Jenna Herlingshaw

“ The GITC committee is thrilled to support the two charities that provide brilliant work in our local North East community. We are grateful to all the participants, sponsors, and supporters who contributed to the success of this event” Matthew Brady

The networking group of over 100 local people provides regular opportunities for golf enthusiasts to come together, forge connections, and enjoy the camaraderie of the game. GITC is committed to giving back to the local community through charitable initiatives combining their love for golf with helping good causes.

FRP ADVISORY RAISES £20,650 FOR FOUNDATION

The team from FRP Advisory (formerly WilliamsAli) staged the third 3x3 Basketball Challenge Tournament in June. The event increased in the number of companies participating with 36 professional service companies entering, a jump from the previous inaugural year. The tournament was a fun and exciting afternoon with teams taking using all six courts at the Vertu Motors Arena. The companies players included beginners to former academy players, all coming together to support the Foundation.

Chuck-A-Duck made an appearance, plus the added bonus of Newcastle Eagles players Chloe Gaynor and Rachel Bland helping to raise money by the add a minute to your team from a player bonus option - the power play.

In total an incredible £20,650 was raised on the day to support the Foundations work.

THE EAGLES COMMUNITY ARENA KNOWN AS VERTU MOTORS ARENA HAS CONTINUED TO GROW ACROSS THE TWELVE-MONTH PERIOD.

Community evening hours along with weekend hours are in heavy demand for the courts, especially with the Foundation player base growing so rapidly. The arena continues to host Foundation delivery plus local wheelchair basketball, netball and volleyball clubs with up to 3500 young people per week benefiting from club sport. During the day Newcastle College as anchor tenant utilises both the courts and classrooms as a base for sport further and higher education courses. In total more than 350 students have benefited from the arena facilities and an additional 600 with onsite exams four times a year.

Events within the building have developed with both existing and new clients, a handful of examples are below including sports, exhibitions, conferences, dinners and parties. Newcastle Eagles men’s and women’s teams our anchor tenant delivered a successful year on the court with the women reaching the SLB Play-Off Finals at The O2 Arena in London.

EAGLES COMMUNITY FOUNDATION VERTU MOTORS ARENA SCOTSWOOD ROAD NEWCASTLE UPON TYNE NE4 7AF NEWCASTLE-EAGLES.COM/FOUNDATION

PURPOSE-BUILT COMMUNITY SPORTS ARENA, EVENTS VENUE AND HOME FOR THE EAGLES COMMUNITY FOUNDATION SINCE JANUARY 2019 VERTUMOTORSARENA.COM

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

Registered number: 05400969 Charity number: 1112997

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION
(A Company Limited by Guarantee)
CONTENTS
	Page
Reference and Administrative Details of the Company, its Trustees and Advisers	1
Chairman's Statement	2
Trustees' Report	3 - 11
Independent Auditors' Report on the Financial Statements	12 - 16
Consolidated Statement of Financial Activities	17
Consolidated Balance Sheet	18
Company Balance Sheet	19 - 20
Consolidated Statement of Cash Flows	21
Notes to the Financial Statements	22 - 41

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025

Trustees	Paul Blake, Chair
	Eric Wilson
	Jeffrey King
	Susan Cumming
	David Forrester
	Alan Younger
	Stephen Savage
	Daniel Cooper
Company registered number 05400969 Charity registered number 1112997 Registered office Eagles Community (Vertu Motors) Arena Clumber Street Scotswood Road Newcastle upon Tyne Tyne and Wear NE4 7AF Company secretary Samantha Blake Chief executive officer Samantha Blake Independent auditors Kinnair Associates Limited Chartered Accountants Statutory Auditors Aston House Redburn Road Newcastle upon Tyne Tyne and Wear NE5 1NB Bankers Virgin Money 132-134 Northumberland Street Newcastle upon Tyne Tyne and Wear NE1 7DG Solicitors Sintons LLP Barrack Road Newcastle upon Tyne Tyne and Wear NE4 6DB

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EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 JULY 2025

On behalf of all Eagles Community foundation staff and volunteers it is my privilege to present this report, reflecting on what has been a productive, inspiring, and impactful 2024–2025 season.

Over the past twelve months the Foundation has continued to maintain the number of players playing and competing at the Vertu Arena and in the constituent club sites, consolidating our programme as the largest single basketball community project in the United Kingdom and one of, if not the largest, youth community project in the region.

Financially, the Foundation has remained stable, thanks to careful management and the generosity of our supporters and funders. This stability has allowed us to invest in new initiatives while maintaining the quality of our existing programmes. Nonetheless, we remain mindful of the challenges facing the sector and will continue to seek sustainable funding opportunities to secure our future growth.

None of our achievements this season would have been possible without the dedication of our staff and volunteers. Their passion, professionalism, and commitment are the driving force behind everything we do. I would also like to acknowledge the Board of Trustees for their guidance and governance throughout the year.

Paul Blake

Chair

Date:

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EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2025

The Trustees present their annual report together with the audited financial statements of the Company for the 1 August 2024 to 31 July 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

The aims of our services for public benefit:

to promote community participation in healthy recreation by providing facilities for playing basketball
to provide facilities for sport and recreation for people who need such facilities
to advance the education of children and young people through such means as the Trustees see fit

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

Providing Facilities: The Vertu Motors Arena

The Foundation owns and operates the Vertu Motors Arena, a purpose-built basketball venue in Newcastle.The main operating hours of the building are for access to the public and community use via a multitude of access programmes including but not limited to; schools, clubs, and community groups. The arena offers:

Full-size courts for community hire
Training facilities for grassroots and amateur teams
Space for hosting local tournaments and events

Grassroots and Community Programs

The Foundation operates basketball sessions for all ages and abilities, including:

School coaching; delivering basketball sessions during the school hours
Holiday camps; promoting physical activity during school breaks
Junior clubs; 13 local community sites offering sessions from U6 to U18
Inclusive basketball; delivering a weekly session fully inclusives for adults with learning difficulties
Educational; providing two key primary school programmes, STEM and Hoops4Health using the power of role models
Junior league; providing a competitive outlet to junior players who would otherwise not have an outlet
Workforce; training and mentoring individuals with National Governing Body qualifications
o Academy; providing an opportunity to extend performance

Inclusive and Targeted Outreach

The Foundation actively engages underrepresented groups by: o Offering sessions in deprived communities

Supporting initiatives for disabled people and those with mental health challenges
Working with local councils and charities to remove barriers to access

Education & Leadership Development

The Foundation use basketball as a tool to broaden development

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EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Objectives and activities (continued)

Leadership and volunteer opportunities for young people and adults
Employability and mentoring programmes linked to sport
Healthy lifestyle programme with Hoops4Health
The Science of Basketball education programme

5. Partnerships

The Foundation collaborates with:
Local schools and colleges.
Health and wellbeing initiatives.
Local charities, amateur sporting groups and organisations
Northeast Regional Combined Authority and Local Councils
Local NHS bodies and their associated charities

c. Activities undertaken to achieve objectives

Clubs and Eagles League

Delivering weekly participation and fully inclusive sessions within 13 local community sites across Tyne and Wear and Northumberland. The age groups delivered across the sites vary but are tasked with achieving U6/U8, U10, U12, U14, U16, U18. All club sites have an Eagles Head Coach and are supported by parents and volunteers. Many club sessions have at least one volunteer assistant with the opportunity to undertake courses to gain National Body Qualifications in coaching, refereeing and table officiating.

The Eagles Junior Central Venue League last year continued to deliver weekend fixtures with dedicated staff organising and running a competitive environment with mentoring and employment opportunities.

Academy

Delivering a comprehensive performance programme for young people to extend their talent. The year witnessed an increase from six teams to nine spanning U14’s to U19’s. Separately an advanced performance group took place with players invited from clubs, based at the Vertu Arena.

International honours

A route to represent internationally is promoted with players and staff encouraged to participate. This year one member of staff and two academy players represented home nations.

The Science of Basketball

The programme expanded this year with two programmes made available to local schools:

Reece Foundation and North of Tyne Combined Authority funded the programme enabling the womens team to deliver a key STEM education programme.
Pearson Engineering funded a bespoke 20 workshop engineering progamme.

This programme underpins two key messages; women in STEM and women in SPORT, delivered by the womens Superleague basketball team.

Hoops4Health

Northumbria Healthcare Trust, Northumbrian Water, North Tyneside Council, Hitachi Reliable Solutions and Vertu Motors funded the delivery of our flagship education programme. Not only educating young people on the benefits of healthy lifestyles but also promoting access to our junior club sessions.

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Objectives and activities (continued)

Fundraising

A series of fundraising took place across the year supported by volunteers and companies. The total at year end was the highest ever received within a financial year.

d. Volunteers

The participation base over the past 24 months has required the support of more volunteers within the Foundation. The roles of volunteers are varied with key tasks for each person to enable the Foundation to deliver a number of quality programmes. This year hours pledged has increased again to 17,502 volunteer hours. The hours come to support in a range of ways including; junior club assistant coaches, parental support, academy team managers, academy coaches, painters and decorators, arena support amongst other roles.

Strategic report

Achievements and performance

a. Main achievements of the Company

A review of our achievements and performance

Clubs and Eagles League

Demand for playing in our junior clubs remained at a similar level to the previous year. We have concentrated on further developing the workforce with;

further development of internal cpd
mentoring programmes
• access to governing body qualifications

Academy

The academy teams increased from six to nine with

U14 girls
U14 boys premier
U14 boys conference
U16 girls
U16 boys premier
U16 boys conference
U18 womens

The under 19 age groups player pathway had changed the previous year and are now established at Newcastle College. This year has enabled the further development with an additional team:

U19 men CBL
U19 men AOC

Another two college programmes continue to be in place with Gateshead College and Tynemet College with AOC teams.

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Strategic report (continued)

Achievements and performance (continued)

International honours

Coach Anthony Reed continued his journey with international teams changing from last year’s Great Britain U16 to this year England U14 Boys assistant coach.

Eagles Academy star Robyn was again called up to the Welsh National programme, this time for the U16 girls and Sebastian Whyte was invited to England U15 boys training camp.

Newcastle College

The partnership continues to blossom with the sixth year of onsite courses and exams based at the Vertu Arena. The Foundation and college find new ways to engage with each other including Eagles staff assisting the college via Employer Advisory boards providing key employability sector feedback.

The Science of Basketball

Our flagship women’s team programme underwent another expansion this year with 3107 young people benefiting from the original programme funded by Reece Foundation and North of Tyne Combined Authority.

An extension to the programme was developed and funded by Pearson Engineering, benefiting another 776 young people. The new programme based around engineering and the world of basketball.

Hoops4Health

Our original flagship primary school programme delivered again this season, engaging thousands of young people with healthy lifestyle practices. All council finals were delivered successfully at the Vertu Arena with funders present; Northumbria Healthcare Trust, Northumbrian Water, North Tyneside Council, Hitachi Reliable Solutions and Vertu Motors.

b. Fundraising activities and income generation

The major events which took place this season included:

• FRP (formerly; Williams Ali) 3v3 Corporate Challenge took place with 36 teams participating in a fun afternoon at the Vertu Arena in June. The entry fees, plus fundraising on the day saw a staggering £20,650 raised.

Golf in the City named the Foundation one of two beneficiaries for their annual golf day and dinner taking
place at Slaley Hall in May. In total the Foundation received a huge £8,300.
Vertu Ford Activation Day at the Vertu Arena led to £2,600 being raised for the Foundation.
Craig Thompson via a multitude of fundraising events donated £5,000
Floor Co donated the equivalent of £2,600 in flooring and labour to resurface the teaching room

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

The balance sheet of the group at the year end shows net current liabilities of £42,534.

The Trustees have reviewed forecasts and cash flow projections and remain confident in the Foundation’s ability to generate sufficient income and manage its cost base effectively over the next twelve months. In particular:

The 2025-26 working cashflow with only three months trade is projecting a surplus
There are no planned major arena capital investments in the short to medium term
Newcastle City Council have reduced the loan to interest only until September 2028, positively affecting
the cash at bank.
The events programme for 2026-27 is strong with repeat customers and new partnerships coming
onboard.
Basketball revenue has remained a steady source of income with a focus on increasing numbers where
there is space, helping to increase income.
Staffing levels and payroll costs are expected to remain stable in the short to medium term.
All legacy loans will be completed in May 2026 with only the Council loan remaining, strengthening the
cash position.
Newcastle College continued partnership now includes a multi-year car parking agreement which
previously was an annual agreement giving more certainty
Vertu Motors have signed an additional five year contract providing over half a million investment.

Based on these factors and planned operational activity, the Trustees are satisfied that there are no material uncertainties that cast significant doubt on the Foundation’s ability to continue as a going concern

b. Reserves policy

At the year end, the Group holds £3,368,240 (2024: £3,526,800) in unrestricted funds and £nil (2024: £34,465) in restricted funds, giving total funds of £3,368,2408 (2024: £3,561,265).

The Trustees have a target to maintain free reserves in unrestricted funds at a level which equates to approximately three months of charitable expenditure. At the year ended 31 July 2025 this equates to approximately £447,000 (2024: £447,000). At this level of free reserves, the Group could maintain all operations for three months if no income was being generated. Free reserves was negative £(42,500) (2024: (208,200)) at the year end. The Trustees are aware free reserves need to increase and plan to increase fees for delivery to coincide with increases due to inflation and Government policy, such as NI and the minimum wage. The plan for fundraising has also increased with additional volunteers and local businesses coming forward to support the Foundation. This would increase the free reserves available.

c. Principal risks and uncertainties

Risks to the organisation have been identified and are reviewed on an ongoing basis, and appropriate action is taken when needed:

ensuring appropriate insurance cover
identifying physical risks such as uneven surfaces
reviewing fire safety systems and training staff
ensuring staff have first aid training
undertaking a general health and safety risk assessment throughout the premises

Page 7

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

d. Financial risk management objectives and policies

The Foundation has engaged with Kore Health and Safety to ensure a robust internal structure on policies, training and procedures. Kore also work on events at the Arena, ensuring all health and safety laws and regulations are abided to and the Arena itself is protected with loadings.

Structure, governance and management

a. Constitution

The organisation is a charitable company, limited by guarantee. It was incorporated on 22 March 2005 and registered with the Charities Commission on February 2006.

The Company was established under a Memorandum of Association as amended by special resolution dated 26 October 2005 which established the objects and powers of the Charitable Company and is governed under its Articles of Association.

In the event of the Company being wound up, members are required to contribute an amount not exceeding £10.

The organisation has a 100% owned trading company, The Eagles Community Arena, incorporated on 18 December 2018. The subsidiary's results are consolidated into the financial statements of the charity.

b. Methods of appointment or election of Trustees

Trustees may be appointed in accordance with the provisions set out in section 72 of the Charities Act 1993 (or any subsequent statutory re-enactment or modification thereof). The Board of Trustees recognises the importance of ensuring that its composition reflects a diverse range of skills, experience, and perspectives that align with the charitable objectives of the Foundation.

To support this, the Foundation maintains a detailed skills matrix that is regularly reviewed to assess the current and future needs of the Board. This matrix helps identify gaps in expertise and informs the recruitment of new Trustees. When seeking new appointments, the Board actively targets individuals with specific competencies or sector knowledge, such as community engagement, youth development, finance, legal, education, safeguarding, or sports administration.

New Trustees are recruited through a transparent and open process, which may include public advertisement, consultation with stakeholders, or recommendations from within the sector. All prospective Trustees are subject to appropriate due diligence, and appointments are made based on merit, alignment with the Foundation’s values, and the ability to contribute effectively to the governance and strategic direction of the charity.

Trustees are inducted into the role through a structured onboarding process, which includes familiarisation with the charity’s work, legal responsibilities, and strategic priorities.

Page 8

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

The directors of the Company are also Charity Trustees for the purposes of Charity Law and under the Company's Articles of Association are known as members of the Management Committee. All members of the Management Committee give their time voluntarily and receive no benefits from the Charity.

The Management Committee is made up of eight Trustees. The Committee meet on a quarterly basis and are responsible for the strategic direction and policy of the Organisation.

A line management system is in place with day to day responsibility for the management of the Organisation resting with the Chief Executive. The Chief Executive is responsible for ensuring that the Organisation delivers the services specified and that key performance indicators are met. Day to day operational management is headed by individual team members using reporting structures and line management to finally report to the the Chief Executive and Trustees.

d. Policies adopted for the induction and training of Trustees

All new Trustees receive a welcome pack, which contains key policies, strategic plans, code of conduct,etc. They also receive induction time with the Chief Executive and have opportunities to visit services and activities as well as being given access to any relevant training.

e. Pay policy for key management personnel

The Foundation holds and implements a benchmarking paper for all members of staff on a grading system. This exercise was carried out by industry professionals external to the Organisation. The Chief Executive of the Foundation presents a paper to the board of Trustees on an annual basis, with recommendations for inflation increases. This increase is based on the Real Living Wage Foundation percentage increase.

f. Related party relationships

Paul Blake is a majority shareholder of Newcastle Eagles Basketball Club Limited. Further information in respect of transactions between the group and the club can be found within the financial statements notes.

Geoffrey Forrester and Co Solicitors have provided a loan to Eagles Community Foundation. Geoffrey Forrester is a related party of David Forrester, a trustee of the Foundation. The loan was fully repaid by the Foundation on 27 December 2023.

g. Financial risk management

The Trustees have assessed the major risks to which the Group and the Company are exposed, in particular those related to the operations and finances of the Group and the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

Newcastle College Eagles – Further Education Academy

To again further expand the provision for the current new men’s academy and start a women’s academy.

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Plans for future periods (continued)

Arena

The arena continues to host major events and maximise returns to secure the funding needed to cover the major percentage of building costs. This enables the cost of using the Arena to an affordable level for community groups, schools and young people. A key partner is Vertu Motors, the main sponsor of the arena now in their fourth year.

Short term

Workforce development continues to be key to the Foundations success, continued and increased personal development within the current teams delivering on the ground is crucial. Plus, the need to reduce the stress on current staff with more training and development of others. This includes the identifying of key personnel both internally and externally.

STEM: The Science of Basketball, there is not only high demand from schools to increase the number of delivery workshops but also incredible feedback from beneficiaries. It is hoped funding will be sought to either repeat this year’s delivery or expand the programme again next season. This delivery not only helps to normalise women in top level sport and STEM subjects but also provides both girls and boys with role models who are high level achievers. This work is providing the foundation for the women’s and girls basketball programme, both playing, running and off court support.

Longer term

The Arena development is our first priority with continued discussions with the arena extension to enable further community impact.

Arena title sponsorship: having delivered year four of a five-year contract it has been rewarding working alongside a like-minded community responsible company. The investment is one the Foundation does not take lightly and are currently discussing the partnership beyond 2026.

Page 10

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report including the Strategic 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the 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 Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information.

Auditors

The auditors, Kinnair Associates Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 28 April 2026 and signed on their behalf by:

Paul Blake Trustee

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EAGLES COMMUNITY FOUNDATION

Opinion

We have audited the financial statements of Eagles Community Foundation (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, 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:

give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 July 2025 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EAGLES COMMUNITY FOUNDATION (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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 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.

Opinion on other matters prescribed by the Companies Act 2006

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

the information given in the Trustees' Report including the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
the Trustees' Report and the Strategic Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our 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 Trustees' Report including the Strategic Report.

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

the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
the parent charitable company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EAGLES COMMUNITY FOUNDATION (CONTINUED)

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 Group's and the parent 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 Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 14

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EAGLES COMMUNITY FOUNDATION (CONTINUED)

Auditors' 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 Auditors' 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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

the engagement director ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the Group through discussions with management, and from our knowledge and experience of the charitable sector;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Group, including the Companies Act 2006, Charities Act 2011 et seq., and Charity Commission regulation and. taxation legislation
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
we ensured that the identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit

We assessed the susceptibility of the Group’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

making enquiries of management as to where they considered there was susceptibility to fraud and their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

performed analytical procedures to identify any unusual or unexpected relationships; and
tested journal entries to identify unusual transactions

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigation and claims; and
requesting correspondence with HMRC and the Charity Commission.

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

Page 15

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EAGLES COMMUNITY 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 Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Detlev Anderson (Senior Statutory Auditor)

for and on behalf of

Kinnair Associates Limited

Chartered Accountants Statutory Auditors

Aston House

Redburn Road

Newcastle upon Tyne

Tyne and Wear

NE5 1NB

28 April 2026

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2025

Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Other income 6 Total income Expenditure on: Raising funds 7 Charitable activities 8 Total expenditure Net expenditure Transfers between funds 20 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Restricted funds 2025 £ 51,407 24,800 - - 76,207 - 117,427 117,427 (41,220) 6,755 (34,465) 34,465 (34,465) -	Unrestricted funds 2025 £ 55,716 798,930 792,653 100,000 1,747,299 210,111 1,688,993 1,899,104 (151,805) (6,755) (158,560) 3,526,800 (158,560) 3,368,240	Total funds 2025 £ 107,123 823,730 792,653 100,000 1,823,506 210,111 1,806,420 2,016,531 (193,025) - (193,025) 3,561,265 (193,025) 3,368,240	Total funds 2024 £ 161,355 773,743 859,187 101,192 1,895,477 238,130 1,788,062 2,026,192 (130,715) - (130,715) 3,691,980 (130,715) 3,561,265

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 22 to 41 form part of these financial statements.

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION (A Company Limited by Guarantee) REGISTERED NUMBER: 05400969

CONSOLIDATED BALANCE SHEET AS AT 31 JULY 2025

Note Fixed assets Tangible assets 13 Current assets Stocks 15 Debtors 16 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 17 Net current liabilities Total assets less current liabilities Creditors: amounts falling due after more than one year 18 Total net assets Charity funds Restricted funds 20 Unrestricted funds 20 Total funds	5,574 198,836 211,119 415,529 (458,063)	2025 £ 6,551,126 6,551,126 (42,534) 6,508,592 (3,140,352) 3,368,240 - 3,368,240 3,368,240	5,575 175,765 240,624 421,964 (622,550)	2024 £ 6,752,361 6,752,361 (200,586) 6,551,775 (2,990,510) 3,561,265 34,465 3,526,800 3,561,265

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 28 April 2026 and signed on their behalf by:

Paul Blake

Trustee

The notes on pages 22 to 41 form part of these financial statements.

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION (A Company Limited by Guarantee) REGISTERED NUMBER: 05400969

COMPANY BALANCE SHEET AS AT 31 JULY 2025

Note Fixed assets Tangible assets 13 Investments 14 Current assets Debtors 16 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 17 Net current liabilities Total assets less current liabilities Creditors: amounts falling due after more than one year 18 Total net assets Charity funds Restricted funds 20 Unrestricted funds 20 Total funds	74,356 210,683 285,039 (327,574)	2025 £ 6,551,126 1 6,551,127 (42,535) 6,508,592 (3,140,352) 3,368,240 - 3,368,240 3,368,240	125,970 240,454 366,424 (568,628)	2024 £ 6,752,361 1 6,752,362 (202,204) 6,550,158 (2,990,510) 3,559,648 34,465 3,525,183 3,559,648

The Company's net movement in funds for the year was £ (191,408) (2024 - £(132,332)) .

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 28 April 2026 and signed on their behalf by:

Paul Blake Trustee

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION (A Company Limited by Guarantee) REGISTERED NUMBER: 05400969

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025

The notes on pages 22 to 41 form part of these financial statements.

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025

Note Cash flows from operating activities Net cash used in operating activities 23 Cash flows from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets Net cash provided by/(used in) investing activities Cash flows from financing activities Repayments of borrowing Repayments of hire purchase Interest paid on borrowings Net cash used in financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 24	2025 £ 125,115 - - - (21,286) - (133,334) (154,620) (29,505) 240,624 211,119	2024 £ 113,227 632 (3,525) (2,893) (41,285) (12,529) (174,509) (228,323) (117,989) 358,613 240,624

The notes on pages 22 to 41 form part of these financial statements

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Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. General information

Eagles Community Foundation (parent charity) is a private company limited by guarantee, registered in England and Wales and is a registered charity in England and Wales. The address of the registered office is Eagles Community Arena (Vertu Motors Arena), Clumber Street, Scotswood Road, Newcastle Upon Tyne, Tyne and Wear, NE4 7AF.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Eagles Community Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

The financial statements are presented in pounds Sterling and rounded to the nearest pound.

2.2 Going concern

The balance sheet of the company at the year end shows net current liabilities of £8,027.

The 2025-26 working cashflow with only three months trade is projecting a surplus
There are no planned major arena capital investments in the short to medium term
Newcastle City Council have reduced the loan to interest only until September 2028, positively
affecting the cash at bank.
The events programme for 2026-27 is strong with repeat customers and new partnerships coming
onboard.
Basketball revenue has remained a steady source of income with a focus on increasing numbers
where there is space, helping to increase income.
Staffing levels and payroll costs are expected to remain stable in the short to medium term.
All legacy loans will be completed in May 2026 with only the Council loan remaining, strengthening

Page 22

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.2 Going concern (continued)

the cash position.

• Newcastle College continued partnership now includes a multi-year car parking agreement which previously was an annual agreement giving more certainty

• Vertu Motors have signed an additional five year contract providing over half a million investment.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Support costs within the Foundation are wholly allocated to its charitable activities. The fundraising grading activity costs are maintained within the subsidiary company. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

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

All expenditure is inclusive of irrecoverable VAT.

Page 23

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.5 Gift Aid

In the case of a Gift Aid payment made within the Group, income is accrued when the payment is payable to the Parent Company under a legal obligation. Measurement is at the fair value receivable, which will normally be the transaction value.

Where the right to receive Gift Aid has been established, the amount receivable is recognised as investment income in the Consolidated Statement of Financial Activities.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Long-term leasehold property	-	2% On cost
Leasehold property fittings	-	5% On cost
Fixtures and fittings - Arena	-	4% On cost
seating
Fixtures and fittings - Other	-	15% Reducing balance
Computer equipment	-	33% On cost

2.7 Investments

Investments in subsidiaries are valued at cost less provision for impairment.

2.8 Debtors

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

2.9 Cash at bank and in hand

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

Page 24

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.

2.11 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets are depreciated over their useful lives.The finance element of the rental payment is charged to the Consolidated Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.13 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

2.14 Fund accounting

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 25

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

3. Income from donations and legacies

Donations Donations Basketball Challenge Tournament Dinner Fundraiser Other Grants Hoops 4 Health Grant Reece Group - STEM Project Sport Newcastle STEAM Programme BBC Children in Need Rise NE - Coach core Grant	Restricted funds 2025 Unrestricted funds 2025 £ £ - 35,860 - 15,519 - 4,241 - 96 25,062 - 20,000 - 250 - 12,500 - (6,755) - 350 - 51,407 55,716	Total funds 2025 £ 35,860 15,519 4,241 96 25,062 20,000 250 12,500 (6,755) 350 107,123

Page 26

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

3. Income from donations and legacies (continued)

Donations Gift aid Donations Northumbria Police Dinner Fundraiser Other Grants Hoops for Health Reece Group Basketball England North of Tyne Inspire Grant NE Combined Authority - STEM - Science of Basketball Grant Rise NE - Coach core Grant Subtotal	Restricted funds 2024 £ - - - - - 23,063 20,000 - 15,000 43,165 3,150 3,150 104,378	Unrestricted funds 2024 £ 33,199 17,030 983 2,520 2,045 - - 1,200 - - - - 56,977	Total funds 2024 £ 33,199 17,030 983 2,520 2,045 23,063 20,000 1,200 15,000 43,165 3,150
			3,150

			161,355

4. Income from charitable activities

Clubs and similar activities Coaching fees	Restricted funds 2025 Unrestricted funds 2025 £ £ 24,800 755,115 - 43,815 24,800 798,930	Total funds 2025 £ 779,915 43,815
		823,730

Page 27

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

4. Income from charitable activities (continued)

Clubs and similar activities Coaching fees	Restricted funds 2024 £ 33,444 - 33,444	Unrestricted funds 2024 £ 669,730 70,569 740,299	Total funds 2024 £ 703,174 70,569
			773,743

5. Income from other trading activities Income from non charitable trading activities

Unrestricted funds 2025 £ Event and court hire 352,492 Food and beverage sales 440,161 792,653 Other incoming resources Unrestricted funds 2025 £ Sponsorship income 100,000	Total funds 2025 £ 352,492 440,161 792,653 Total funds 2025 £ 100,000	Total funds 2024 £ 345,992 513,195
		859,187
		Total funds 2024 £ 100,000

6. Other incoming resources

Page 28

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

7. Expenditure on raising funds

Fundraising trading expenses

Unrestricted funds 2025 £ Subsidiary food and beverage costs 206,538 Other subsidiary costs 3,573 210,111	Total funds 2025 £ 206,538 3,573 210,111	Total funds 2024 £ 236,346 1,784
		238,130

8. Analysis of expenditure by activities

Community basketball activities Community basketball activities	Activities undertaken directly 2025 £ 1,293,192 Activities undertaken directly 2024 £ 1,363,263	Support costs 2025 £ 513,228 Support costs 2024 £ 424,799	Total funds 2025 £ 1,806,420
			Total funds 2024 £ 1,788,062

Page 29

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs Depreciation Activity costs Club and similar direct costs Arena costs Office costs	Activities 2025 £ 673,898 34,903 49,332 236,061 292,174 6,824 1,293,192	Total funds 2025 £ 673,898 34,903 49,332 236,061 292,174 6,824 1,293,192	Total funds 2024 £ 715,010 38,805 34,418 205,890 356,179 12,961
			1,363,263

Analysis of support costs

Staff costs Depreciation Loan and Hire Purchase interest payable Governance costs	Total funds 2025 £ 212,028 166,332 77,882 56,986 513,228	Total funds 2024 £ 214,836 12,935 133,996 63,032
		424,799

All support costs are allocated against the community basketball charitable activity.

Page 30

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

9. Governance costs

Legal and professional fees Auditors remuneration Accountancy charges Bank charges 10. Auditors' remuneration Fees payable to the Company's auditor for the audit of the Company's annual accounts Fees payable to the Company's auditor in respect of: All non-audit services not included above	2025 £ 37,740 11,125 6,163 1,958 56,986 2025 £ 6,625 4,500	2024 £ 33,841 7,600 20,039 1,552
		63,032
		2024 £ 7,600 4,350

11. Staff costs

Wages and salaries Social security costs Contribution to defined contribution pension schemes	Group 2025 £ 808,087 45,606 32,233 885,926	Group 2024 £ 855,044 50,413 24,389 929,846	Company 2025 £ 808,087 45,606 32,233 885,926	Company 2024 £ 855,044 50,413 24,389
				929,846

The average number of persons employed by the Company during the year was as follows:

	Group	Group	Company	Company
	2025	2024	2025	2024
	No.	No.	No.	No.
Average number of employees	163	158	163	158

Page 31

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

11. Staff costs (continued)

No employee received remuneration amounting to more than £60,000 in either year.

The Charity considers its key management personnel comprise the trustees, chief executive officer and chief operating officer. The total employment benefits including employer pension contributions of the key management personnel were £130,152 (2024: £112,595).

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 July 2025, no Trustee expenses have been incurred (2024 - £NIL) .

13. Tangible fixed assets

Group and Company

Cost or valuation At 1 August 2024 At 31 July 2025 Depreciation At 1 August 2024 Charge for the year At 31 July 2025 Net book value At 31 July 2025 At 31 July 2024	Long-term leasehold property £ 6,190,043 6,190,043 - 154,698 154,698 6,035,345 6,190,043	Fixtures and fittings £ 904,803 904,803 342,485 46,537 389,022 515,781 562,318	Computer equipment £ 12,837 12,837 12,837 - 12,837 - -	Total £ 7,107,683
				7,107,683
				355,322 201,235
				556,557
				6,551,126
				6,752,361

Page 32

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

14. Fixed asset investments

----- Start of picture text -----
Investment in
subsidiary
Company £
Cost or valuation
At 1 August 2024 1
At 31 July 2025 1
Net book value
At 31 July 2025 1
At 31 July 2024 1
----- End of picture text -----

Principal subsidiaries

The following was a subsidiary undertaking of the Company:

Name Company Registered office or principal Principal activity number place of business Eagles Community Arena Limited 11731561 Eagles Community Arena, Provision of sporting Scotswood Road, Newcastle activities upon Tyne, NE4 7AF. Class of Included in shares consolidation Ordinary Yes

The financial results of the subsidiary for the year were:

Name	Income	Expenditure	Profit/(Loss)	Net assets
	£	£	/ Surplus/	£
			(Deficit) for
			the year
			£
Eagles Community Arena Limited	850,986	(600,111)	250,875	1

Page 33

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

15. Stocks

	Group	Group
	2025	2024
	£	£
Finished goods and goods for resale	5,574	5,575

16. Debtors

Due within one year Trade debtors Amounts owed by group undertakings Other debtors	Group 2025 £ 155,527 - 43,309 198,836	Group 2024 £ 169,625 - 6,140 175,765	Company 2025 £ 45,152 - 29,204 74,356	Company 2024 £ 89,868 29,962 6,140

				125,970

17. Creditors: Amounts falling due within one year

Other loans Trade creditors Amounts owed to group undertakings Other taxation and social security Obligations under finance lease and hire purchase contracts Other creditors Accruals and deferred income	Group 2025 £ 5,565 73,010 - 132,042 88 3,961 243,397 458,063	Group 2024 £ 26,851 68,495 - 114,329 88 7,468 405,319 622,550	Company 2025 £ 5,565 69,011 120,309 12,825 88 3,582 116,194 327,574	Company 2024 £ 26,851 65,964 100,000 13,780 88 6,009 355,936

				568,628

Page 34

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

Group

Deferred income comprises sponsorship income and Arena events income relating to future periods. The amount released in the current year is £75,000 (2024: £75,000) and amounts deferred at the year end are £125,661 (2024: £89,700).

Charity

Deferred income comprises sponsorship income relating to future periods. The amount released in the current year is £41,667 (2024: £41,667) and amounts deferred at the year end are £Nil (2024: £41,667).

18. Creditors: Amounts falling due after more than one year

	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£
Other loans	3,140,352	2,990,510	3,140,352	2,990,510

Included within the above are amounts falling due as follows:

Between one and two years

Between two and five years Other loans Over five years Other loans	88,663 3,051,689	- 2,990,510	88,663 3,051,689	- 2,990,510

The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:

Payable or repayable by instalments	Group 2025 £ 3,051,689 3,051,689	Group 2024 £ 2,990,510 2,990,510	Company 2025 £ 3,051,689 3,051,689	Company 2024 £ 2,990,510
				2,990,510

This loan is repayable to the City of Newcastle Council over 35 years, being extended to 43 years after the impact of Covid. Interest is repaid on the loan at a rate of 4.47% per annum. The advance by the City of Newcastle Council is secured on the building. The Council is the freeholder and has granted a 250 year lease to the charity for the site.

Page 35

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

19. Financial instruments

	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£
Financial assets
Financial assets measured at fair value
through income and expenditure	211,119	240,624	210,683	240,454

Financial assets measured at fair value through income and expenditure comprise cash held.

20. Statement of funds

Statement of funds - current year

Balance at 1 August 2024 £ Unrestricted funds General Funds 3,526,800 Restricted funds Restricted Fund - H4H - Restricted Fund - Reece Group STEM Project - Restricted Fund - North East Combined Authority - STEM - Science of Basketball Grant 34,465 Restricted Fund - Rise North East - Coach Core - apprentice grant - Restricted Fund - Sport Newcastle - Restricted Fund - STEAM Programme - Restricted Fund - BBC Children in Need - 34,465 Total of funds 3,561,265	Income £ 1,747,299 49,862 20,000 - 350 250 12,500 (6,755) 76,207 1,823,506	Expenditure £ (1,899,104) (49,862) (20,000) (34,465) (350) (250) (12,500) - (117,427) (2,016,531)	Transfers in/out £ Balance at 31 July 2025 £ (6,755) 3,368,240 - - - - - - - - - - - - 6,755 - 6,755 - - 3,368,240	Transfers in/out £ Balance at 31 July 2025 £ (6,755) 3,368,240 - - - - - - - - - - - - 6,755 - 6,755 - - 3,368,240
				- - - - - - -
				-
				3,368,240

Page 36

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

20. Statement of funds (continued)

Restricted Fund - Hoops 4 Health - this Fund is to provide a healthy living programme to the community with professional sporting role models using basketball.

Restricted Fund - Reece Group grant, North East Combined Authority grant and STEM programme grant were provided to deliver the STEM Project which looked at the science of basketball.

Restricted Fund - Rise North East - Coach Core - apprentice grant supporting the employment of Frank Thomas.

Restricted Fund - Sport Newcastle - the money was to offset one of the affiliated club's junior player's academy fees.

Restricted Fund - BBC Children in Need - this fund related to a pre COVID project which the Charity was unable to deliver in full due to COVID restrictions and therefore the money not spent was returned to the funder.

Statement of funds - prior year

Unrestricted funds General Funds Restricted funds Restricted Fund - H4H Restricted Fund - Reece Group STEM Project Restricted Fund - North of Tyne Inspire Grant Restricted Fund - North East Combined Authority - STEM - Science of Basketball Grant Restricted Fund - Rise North East - Coach Core - apprentice grant Total of funds	Balance at 1 August 2023 £ 3,691,980 - - - - - - 3,691,980	Income £ 1,757,655 56,507 20,000 15,000 43,165 3,150 137,822 1,895,477	Expenditure £ (1,922,835) (56,507) (20,000) (15,000) (8,700) (3,150) (103,357) (2,026,192)	Balance at 31 July 2024 £ 3,526,800
				- - - 34,465 -
				34,465
				3,561,265

Page 37

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

21. Summary of funds

Summary of funds - current year

Balance at 1 August 2024 £ General funds 3,526,800 Restricted funds 34,465 3,561,265	Income £ 1,747,299 76,207 1,823,506	Expenditure £ (1,899,104) (117,427) (2,016,531)	Transfers in/out £ Balance at 31 July 2025 £ (6,755) 3,368,240 6,755 - - 3,368,240	Transfers in/out £ Balance at 31 July 2025 £ (6,755) 3,368,240 6,755 - - 3,368,240
				3,368,240

Summary of funds - prior year

General funds Restricted funds	Balance at 1 August 2023 £ 3,691,980 - 3,691,980	Income £ 1,757,655 137,822 1,895,477	Expenditure £ (1,922,835) (103,357) (2,026,192)	Balance at 31 July 2024 £ 3,526,800 34,465
				3,561,265

22. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2025 £ Tangible fixed assets 6,551,126 Current assets 415,529 Creditors due within one year (458,063) Creditors due in more than one year (3,140,352) Total 3,368,240	Total funds 2025 £ 6,551,126 415,529 (458,063) (3,140,352)
	3,368,240

Page 38

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

22. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total	Restricted funds 2024 £ - 34,465 - - 34,465	Unrestricted funds 2024 £ 6,752,361 387,499 (622,550) (2,990,510) 3,526,800	Total funds 2024 £ 6,752,361 421,964 (622,550) (2,990,510) 3,561,265

23. Reconciliation of net movement in funds to net cash flow from operating activities

Net expenditure for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Bank interest receivable Loan interest charge Decrease in stocks Increase in debtors Increase in creditors Net cash provided by operating activities	Group 2025 £ (193,025) 201,235 - 77,882 1 (23,071) 62,093 125,115	Group 2024 £ (130,715) 51,740 (632) 133,996 1,951 (24,690) 81,577 113,227

Page 39

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

24. Analysis of cash and cash equivalents

Cash in hand Total cash and cash equivalents	Group 2025 £ 211,119 211,119	Group 2024 £ 240,624

		240,624

25. Analysis of changes in net debt

Cash at bank and in hand Debt due within 1 year Debt due after 1 year Finance leases	At 1 August 2024 £ 240,624 (26,934) (2,990,510) (88) (2,776,908)	Cash flows £ (29,505) 21,369 - - (8,136)	Other non- cash changes £ - - (149,842) - (149,842)	At 31 July 2025 £ 211,119 (5,565) (3,140,352) (88)
				(2,934,886)

26. Pension commitments

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

Contributions totalling £16,027 (2024: £14,607) were payable to the scheme in the year. Contributions totalling £3,240 (2024: £3,570) were unpaid as the year end and included within other creditors.

Page 40

Docusign Envelope ID: F68D1082-1927-8255-812F-EC01B347163C

EAGLES COMMUNITY FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

27. Operating lease commitments

At 31 July 2025 the Group and the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year Later than 1 year and not later than 5 years	Group 2025 £ 845 1,410 2,255	Group 2024 £ 1,112 -

		1,112

28. Related party transactions

Eagles Community Foundation

During the year the Charity incurred sales of £39,948 (2024: £41,396) to Newcastle Eagles (Basketball) Limited, a company in which Paul Blake is a director and who is also a director and owns 74% of the holding company, Newcastle Eagles (Holdings) Limited. Outstanding at the year end and included in trade debtors is £35,500 (2024: £69,000).

With regards Newcastle Eagles (Basketball) Limited, during the year the Charity incurred expenses of £124,752 (2024: £10,583). Outstanding at the year end and included in trade creditors is £15,464 (2024: £12,700).

David Forrester, a Trustee, is a director of Geoffrey Forrester & Co. Limited. The company had provided the Charity with a loan a number of years ago which was repaid in full in the prior year.

Eagles Community Arena Limited

During the year the Company incurred sales of £7,564 (2024: £11,438) to Newcastle Eagles (Basketball) Limited, a company in which Paul Blake is a director and who is also a director and owns 74% of the holding company, Newcastle Eagles (Holdings) Limited. Outstanding at the year end and included in trade debtors is £6,522 (2024: £Nil).

29. Controlling party

The members of the Board of Trustees are considered to be the controlling party.

Page 41