FOUNDATION
WEST HAM UNITED FOUNDATION
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Charity registration number 1114458
Company registration number 05731045 (England and Wales)

WEST HAM UNITED FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Andrew Mollett (Chair)
Marie Gabriel
Jeremy Crook
Henri Brandman
Jackie Ferdinand
Jefftey Hayes
Chief Executive
Joseph Lyons
Secretary
Andrew Mor￿tt
Charity number
1114458
Company number
05731045
Registered office
60a Albatross Close
Beckton
London
E6 5NX
Auditor
F Winter & Co LLP
Statutory Auditors & Chartered Accountants
Ramillies House
2 Ramillies Street
London
W1F7LN
Bankers
Barclays Bank
1 Churchill Place
London
E14 5HP

WEST HAM UNITED FOUNDATION
CONTENTS
Page
TTUStees report
Staetemenl of Trustees, responsibilities
14
Independent auditorfs report
15-18
Statement of financial activities
19
Balance sheet
20
Stalement of cash flows
21
Notes to the finanoal slatements
22-35

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MAY2024
We, the Trustees, are pleased to present the annual Trustees. Report and the consolidated financial ststements of
the Charity and ils subsidiary for the year ended 31 May 2024, whith have been prepared to meet the requirements
for a director5, report and accounts for Companies Act purposes. These finanrial statements comply with Wesl Ham
United Foundation's goveming document, and the Companies Act 2006 and the Slalement of Recommended
Practice applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019).
Objectives and activities
The company's memorandum of association defines its objects as being for the benefit of the public generally and,
in particular, the inhabitants of London and its surrounding areas..
to promote community participation in healthy recreats'on by prowding facilities for the playing of association
football and other sports capable of improving health (facilities in Artide 3 means land. buildings, equipment
and organising sporting actiwties).
2. to provide and assist in providing facilits'es for sport. recreation or other leisure lime occupation of such
persons who have need for such facilities by reason of their youth, age, infimity or disablement, poverty or
social and economic circumslances or for the public at large in the interests of soaal welfare and with the
object of improving their conditions of life.
3. to advance the education of children and young people through such means as the Trustees think fit in
accordance with the law of charity.
Yision
As the outreach vehicle of West Ham Unrted Football Club, the Foundation's vision is to hamess the power of
football to maximise life chan￿$ and inspire better future for all.
Mission
To provide an innovative approach to understanding and meeting the needs of our community,. building partnerships
and utilising insight and technology to create an environment where all can thrive - from the heart of east London.
The Foundation will work to achieve the following targets=
Providing Opportunities
Creating Pathways
Changing Lives
The Foundation wll work to achieve the following strategic objectives=
Responding to local need - Engaging our communty to understand local needs and to ensure that our
programmes, facilities and reporting structures are designed around them.
Uniting our community- Understanding our community, what works and how innovative thinking across our
stakeholders is essential to support fitter and healthier lrfestyle choices.
Providing an enwronment for all to thrive - Shaping the programmes we run and our ways of working to
create effective, efficient and innovative mechanisms that support anyone in need of help for as long as
they need it.
Strategic Objectives
Responding to local need - Engaging our community to understand local needs and to ensure that our
prograrnmes, facilities and reporting structures are designed around them.
Uniting our community - Understanding our community, what Works and how innovative thinking across our
stakeholders is essential to support fitter and healthier lrfestyle choices.
Providing an enwronment for all to thrive - Shaping the programmes we run and our ways of working to
create effective, efficient and innovative mechanisms that support anyone in need of help for as long as
they need it.

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STrATEGIC REPORT>
(CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
The company's constrtution is set out in its artides of assouation published on incorporation and as subsequently
modffied. This document defines the tem)s of reference for the board of Trustees and the company's corporate
governance procedures.
Directors and Trvstees
The Trustees. who are also directors for the purposes of company law, who held office during the year and Sin￿ the
year end, are as foll0v￿..
Andrew Mollett (Chair)
Marie Gabriel
Jeremy Crook
Henri Brandman
Jackie Ferdinand
Jeffrey Hayes
The board of Trustees meets periodically and receNes reports from operational staff and determines strategy and
policy for the company.
The board of Trustees has an ongoing commitment to assess the skill set required at board level and. as the
company develops, to ensure that, where necessary. additsonal Trustees are recruited.
Relationship with West Ham United Football Club Limited
The company delivers all communty sports and tharitable activities on behalf of West Ham United Football Club
Limited. However, it operates independentty of the football club and, allhough some of the company's Trustees are
also employees of the foolball dub, this is balanced by the presence of independent Trustees on the board and the
articles of association confer no ability by the dub to exercise control over the company.
The tem)s of the relationship between the company and the football dub are codtfied in a Service Level Agreement.
This agreement enshrines the practices already being obseNed in tem)s of the promsion of services by the football
dub to the company at no cosl to the company. A separate licence agreement grants the company a right of
occupancy, of the Club's wholly owned freehold premises at 60a Albatross Close, WOO￿lCh Manor Way, London E6
5NX. As indicated in note 18 to the financial ststement the tharrty entered a new ￿enty ftve year lease on 28 May
2024 at an annual rent of £20.000.
We have refe￿ed to guidance contained in the Charty Commission and complied with the duty in section 4 of the
Charities Act 201110 have due regard to public benefit when reviewing our aims and objectives and in planning our
future activities. In particular, the Truslees consider how planned activities will contribute to the aims and objectives
they have set.
Embracing fvlly the spirit of West Ham Untted. the Club and Foundation work Close￿ togelher and the Foundation
endeavours to be a for￿ for social good., being a welcoming and safe space for all, inspiring others and addressing
a range of issues facing society.

WEST HAM UNITED FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Achievements and perfornmnce
The description under the headings "Achievemenls and perfo￿nan￿- and "Financial reMev/' meet the company
law requirements for the Trustees to present a strategic report.
Achievements and perforniance
As a community focused football dub, we are committed to utilising our position and the power of our West Ham
United badge to educate. motivate and inspire indivtduals and groups across our comrnunity. We continue to act in
the best interest and for the benefrt of the communilies we Serve. with the backdrop of a changing societal
landscape, tackling long stsnding inequalities and emerging challenges brought on by the pandemic and the current
environment.
Activity
Over the past season, the Football Club's efforts on the prtch have given the Foundation an even bigger plaffomi to
share awareness of our work and advocate for key issues challenging communities we engage with.
Continuing from the historic 22r23 UEFA Conference League men's first team campaign and the subsequent
effervescent parade which filled the streets of Newham. through this season we have been proud to continue to be
represented on the matchday kit during the team's Europa League campaign.
Placed just below the players, shirt numbers, our emblem signified the unity between the Club and the Foundation
and embodied our shared mission to empower and uplfft communities. It stands as a powerful reminder of football's
incredible abilty io inspire and drive positive change across those we reach.
Beyond the pilch, the Foundation's work has continued to act as a catalyst for change and bring aspiration and
hope by driving collaboration. sharing knowledge and experiences, and performing as an enabler for people and
communities across East London. Essex and intemationally.
This has placed the organisation at the hearl of social inequalities.. overcoming entrenched views- tackling ofien
hidden health issues- creating opportunities for personal development and growth.. and ultimatety transfom7ing lives.
Strategically, the Foundalion has been supporting a variety of conversations, ranging from health and wellbeing
needs with partners through the NHS.. unpicknng and strengthening leaming and employability opportunities with
education providers., evaluating and growing footballing pathways across our networks, and much more.
As part of this, the Foundation also helped to lead key conversations regarding the high rales of violence affecting
young people - joining forces with Senior Circuit Judge Sarah Munro KC for a series of roundtables at the Old Bailey
Involving third. private and public sectors. Key to this has been the Foundation's work developing and delivering
initiatives focusing on prevention, intervention and partnership working.
In addition to initiatives which have continued to be agile and person-centred. the Foundation has been driving
plans for the state-of-the-art redevelopment of the Beckton headquarters. In recent years. as the Foundation's
services have grown. the headquarters has become restrictive. As such. with the ambition of establishing a Ihriving
community hub at the heart of east London, the new facility- set for Spring 2025 opening - will continue to build on
impact being delivered.
The new facility will allow for increased deltvery of youth activities, health programmes and learning and
development schemes whilst fostering soaal cohesion- creating a Community Hub. with the facilities and services lo
meet the needs of the local community- and generate more opportunities to change lives in east London and
beyond.

WEST HAM UNITED FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
An overview of some cJJrrent services with details from this season's delivery can be found below:
Advantage
Advantage is a mentoring programme for young people aged 1421 who have been referred to Child and
Adolescent Mentsl Health Services (CAMHS) and don't meet threshold or do not want to engage with CAMHS.
11 focuses on supporting young people with key intep4entions and assistance to help them re- establish
aspirations and a sense of connection.
The Advantage iniliative in North East London is delivered in partnership between West Ham United
Foundation {Barking & Dagenham, Newham. Havering. Tower Hamlets), Arsenal in the Community
(Hackney), Leyton Orient Trust (Redbridge, Waltham Forest) and East London NHS Foundation Trust and
Northeast London NHS Foundation Trust.
Referrals into the programme come via: NHS, Mac Panel (Newham), PG referrals (via inlemal programmes
and Advantage webstte), Schools
Participants receive wee￿Y individual mentoring support from a trained youth worker. who is in tum
supported by CAMHS practitioners.
Advantage Delivery Slats
Total number of young people engaged.. 52
Total number of live cases= 12
WHO-5 Wellbeing Score..
Average Entry Score: 10 (assessed before starting the program)
Average Exit Score: 14 (improvement in mental health wellbeing after engagement)
Higher Education
In collaboration with the Universty of East London we deltver the exciting degree programme, Bsc Sports Coaching
and Performan￿. Our programme aims to support Undergraduate degree students into careers in sport. in a range
of disciplines. including coaching, performance analysis, strength and conditioning and sports psychology.
Number students (enrolled & gradualed)
93 students enrolled in our course.
+20 % more students selecting us as a 'uncondilional firm. choi￿.
NSS scores
Improvement in each of the metrics across the most recent National Student Survey:
Organisationlmanagement, +18.57°
Leaming Resources, +13.37°
Assessment and Feedback, +8.310/0
Quality ofTeaching. +13.69.

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Inclusive Hammers
The Inclusive Hammers project prowdes physical activity sessions for 1&18 yrs with a physical andlor leaming
disability living in Newham. Young people will have access to physical activity, infomal adwce & guidance sessions.
The project supports young people into focus workshops and identrfying any additional relevant services.
Key Stats for 2023-24
Worked in partnership with Ambitson Aspire Achieve over 9 months to run sessions for YPS in Newham.
Focused on YPS that were not cJJrrently accessing physical acts'vrty sessions.
We also supported students from Newvic College (studying Btec sport) with focus workshops around
employability and leadership across the academic year. In addition. we supported with one of their mixed
SEND football loumaments hosted al the college.
We delivered regular sessions to 30 YP across the season.
Premier League Inspires
Premier League Inspires uses the power of football to inspire young people to develop the personal skills and
positive attitudes needed lo succeed in life. Project provides secondary schools in East London and Essex with an
engaging curriculum to support their vulnerable, at risk. and struggling pupils. Project runs Monday-Friday, 9am-
3pm.
o is it targeting= Young peopte aged 11-18 at risk of not reaching their full potential
Participants and schools engaged with:
Engaged a total of 1.331 participants in the programme. This engagement took place across 1..1 mentoring,
small group sessions. collapsed curriculum activity, and events.
Eath participant engaged in the programme for an average of 15 hours across the academic year.
Worked with 11 unique partner schools across East London and Essex.
All partner schools signed partnership agreements to continue working together into the 2024125 academic
year.
PartI￿panIS engaged in targeted interventions achieved the following impact=
100Qh of partiapants developed their skills and knowledge
100°A of participants have improved Gonfidence and self esteem
87.50°fi of partieipants have improved mental wellbeing
730/0 of participants have improved interpersonal relationships
62.500A of partiupants have improved physical wellbeing
62.500A of participants demonstrated more positive behaviours
62.50r*A have improved attendance at school an￿or attainment

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
Moore Family Foundatlon
MFF works speaficalty wtth young people aged 11-16 outside mainstream education, providing them with unique
opportunities to enrith their life experiences and prospects. We prowde participants with the chance to gain
additional qualifications to increase their options when they leave school and assign them with a mentor who will
create a personal development plan for all participants. We work with low numbers of young people intensively.
Project runs throughout the academic year Monday-Friday 9am-3pm at partner schools and at University of East
London Tuesday. Wednesday and Thursday 10am-12.'30pm.
Partners:
In the 2023124 academic year, Moore Famity Foundation expanded to work wtth 3 key partners located in
Tower Hamlets, Newham, and Havering. For the first time our primary partner. London East Alternative
Prowsion, grew their provision to 3 days a week. This represents a 230A growth from the 2022123 year.
Number of young people engaged-
20 young people engaged weekty across the academic year. These young people tske part in a variety of
course5 including Sports Leadership, MentoringlPersonal Development. and Business Administration.
Qualifications gained by participants=
12 participants completed the Sports Leaders Level 1 Qualffication.
4 participants completed the FA Playmaker qualification.
2 partirApants completed the business administration qualtfication.
Moving on Up
Moving On Up is a careers development programme supporting young black men. aged 16 to 25 within Newham
who are unemployedlunderemployed.
The programme indudes bespoke workshops. on&tOthone support. and professional mentoring. The aim of
this engagement is to increase parlicipant's employment skills and connect them with prospeclive
employer5.
The programme works wtth partiopants with the aim to secure employment or career progressions for
those involved.
Collaborative approach partners indude ELBA. Newham Workplace, Newham College, NLP Sports. New
Direction.
All participants receive a personal development plan and attend industry insight events.
In the final year of Moving on Up delivery, we achieved the following outcomes..
Engaged with 27 young black men in Newham.
We have matched all 27 partieipants with West Ham United Foundation mentors.
All 27 participants took part in career development workshops, improving their employability skills.
5 of these participants progressed into employment at LLW.
3 Industry Insight events delivered which provided Mou beneficiaries with information around careers in
industries that interest them, in a supportive way.
Through our partnership with The Prin￿'S Trust. we were able to offer bespoke employability events
including a football themed employabilty scheme at our Community Hub in Beckton. and a Health and
Social Care Recruf(ment Roadshow event at West Ham United's London Stadium.
6 Mou beneficiaries were interested in a career in football and sports coaching.. therefore, we supported
them to achieve their FA Playmaker and FA Level 1 in Talent Identification.

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
PCN Mentoring (Primary Care Network)
Over the past year. the PCN project has grown in Newham and Baring & Dagenham, with a full time Youth Mentor
Young Persons Link Worker) being recruited in both boroughs. PCNS (Primary Care Ne￿Orks}, are the model of
integrated healthcare across localities. Communty and NHS services link up to provTrde more holistic care to Ihe
community.
The Youth Mentors have been working with Young People at risk of viotence affecting young people, as well as
supporting those with other vulnerabilrties (induding bullying. mental health concems, school engagemenurisk of
exclusion, SEMH needs).
The Youth Menlor offers a supportive role to help children and young people engage in an open dialogue, explore
aspirations. change mind sets, all whilst not being judged and in a safe space. The project supports those aged
between 11-18 years old. Mentoring consists of once-a-week sessions, for up to 60 minules long. for around 3-6
months. Sessions take place at GP Practices. Schools. WHUFMHU sites, and other community organisations.
We have continued lo develop our relationship with the Newham Central 1 PCN, attending regular meetings,
sending monthly updales and fomiing positsve working relationships wtth the indNidual Practices.
In B&D we reached out to established contacts in the borough and two dose Working PCN'S were highlighted.
Programme set up has gone well, with staff engaged and high numbers of referrals sent in.
Together with the PCN'S, Ihe project can encourage joined up workn'ng to help support those at risk of Violen￿ (both
victims and perpelralors).
Key priority is developing impact measurement and implementing this.
KEY STATS I IMPACT for 2023-24
36 referrals and 18 young people competed support in Newham.
Currently 25 active YP for B&D, 35 on the waitlist.
750A of young people engaged in the Servi￿ have reported positive changes of behaviour. Positive
differences are reported relatively quickly (6-8 weeks).
-Feels good coming here, being here and leaving feels go¢xI. Ifs better than I thought it would be..
"You are someone I can talk to without feeling judged"
Prèmier League Kicks
Premier League Kicks is a programme which uses the reach and appeal of the Premier League and football to
regularly engage children and young peO￿e of all backgrounds and abilities in football, sport and personal
development opportunities.
Provision available for 8 to18-year-olds (or those aged 19 to 2&years in structured volunleering) at hub
and satellite venues.
We had several external probllders run workshops with our young people (Met poli￿ (stop and searchl
music & podcastingl cookingl recyGling)
Lyca mobile tournament- engaged 71)0+ YPS across 5 Sch¢)ols from: Newham. Waltham Forest, Barknng &
Dagenham. Rainham. Redbridge and Tower Hamletsry finals held @ Rush Green training ground

WEST HAM UNITED FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
Impact
2020 participants engaged.
980/0 of our young people feel more confident working in a team, and 76.50A feel better at solving problems.
910/0 of our young people feel more confident about themselves. 980/0 feel more
confident working in a team and 840/0 feel more comfortable speaking in front of a group.
K01 data has allowed us to gain further insighl into our young people's experiences.
99 /0 young people enjoy coming to sessions,
93.9'A feel welcome,
83.70A feel more comfortable speaking in front of a group,
77.69/0 feel they are better at dealing with stressfvl situations. 91.9°h feel they gel along better with people
from different backgrounds.
96'A are playing sports andl or being more acttve. and 58'k feel close to other people.
The Training Ground
The Training Ground is a football themed Personal & Professional development programme for young people aged
16 to 2&years old from across East London. The programme provides participants wrth core employability skills
such as.. CV masterclass. job searching, job application, ne￿orking. interwew skills. communication skills,
professional workplace. and employer insight experience.
A stTUCtured 10-week programme delivered at the West Ham United Foundation which enwurages and
enables personal developmenl and growth
Engaged with 69 participants over the season. 45 of the engaged participants are from diverse elhnic
communities.
28 participants progressed on to a EET positive pathway.
71°A reported enhan￿d motivation and progress in areas such as employment, training, and education.
100 /0 experienced improvements in their physical and mental wellbeing
Over 500/0 increased confidence in their skills
Twinning Literacy Project
The Twinning Project is a partnership behveen West Ham Untled Foundation and HMP Chelmsford The aim to
engage with inmates in footbalkbased programmes to improve their mental and physical health. wellbeing and
obtain a qualification in FA Developing Leadership Through Football and Literacy Level 1 which will help improve
their life chances and gain employment on release.
KEY STATS for 2023-24
44 were engaged on both FA Developing Leadership Through Football Course and Lileracy Level 1 Course
26 Su￿ssfUllY completed FA Developing Leadership Through football
25 entered Literacy Level 1 Course

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Post 16 Football & Education
The Post 16 Foolball & Education programme is a fvicFyear development programme for footballers aged 1&19-
years who have completed Year 11 school education.
The programme offers parbcipants four weekly training sessions plus a weekly fixture.
Alongside football training. participants also study for academic, coaching and fitness qualifications, such
as Level 1_3 BTECNCFE sports courses, wtth some students even progressing into higher education, such
as University and Scholarships in the US
We have continued to see success stories being developed from within Ihe programme. such as students
now working for the Foundation and players securing contracts within the football pyramid.
The programme has established a player pathway tiered system. meaning each player competes within
their current standard.
Our top tier level is called the Second Chance Programme and is delivered in partnership wtth the Wesl
Ham United Academy.
Holiday Activity Fund IHAF)
The Holiday Actiwty Fund has continued to be delivered across East London and Essex.
The programme is delivered during half term holidays.
We provide free sports deltvery for thildren who are eligible for free school meals - age betsveen 7-16
years old.
We provide health and nutrition awareness workshops as well as providing key tools such recipe cards and
ingredients linked lo sustainable purchasing options.
The activities provide a range of opportunities, participants engage within multiple multi-sports activities.
leam about healthy living. participate in enrichmenl actiwties. and make new friends.
We provide one hot meal as well as nutritious snacks throughout the day.
Financial review
202312024
202212023
Income
3.206,262
3,612.603
The group. incoming resources can be analysed as follows:
Donations
Football Development
Community
Leaming
Trading activities
402,915
737.883
738.100
776.986
550.378
447,469
830,039
896,843
806,501
631,751
The group recorded a net decrease in funds of..
157,990
76,018
At the year end the group had net assets of=
451.229
609,219

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
The income generated by trading subsidiary which is responsible for services rendered to partners, clients and
candidates requiring sports workshops, general consultancy services, provision of coaching, pitch booking facilities
and sporting events. The Trustees are fijlly confident thal the trading actimties will maintain Ihe charity's reserves in
the fijture.
The board of Tmstees is responsible for drawing up the accounts on a going concem basis and in doing so has
considered the period for at least 12 months from the date of signing these accounts. The principal risks to the
company's going cOn￿M status are Iwofold.
Firstly, as a relatively small company. it is dependent on a sustainable level of income from its operations. This risk
is mitigated in part by the fact that an increasing proportion of its grant funding is for a period in excess of one year
and therefore subject to considerable certainty. and in part by the fact that much of the company's expenditure is
variable and significant cost savings could quic￿ be achieved in the event of a shortfall in tumover.
Secondly, although tt is a separate legal entity from West Ham Untted Football Club Limited, the company is
inevilably dependent to some extent on the status and continued operations of the football club. Moreover, to the
extenl necessary. the club has also undertaken to provide the company with such finanaal support as it may require
continuing trading and to meet rts debts as they fall due for a year of al least ￿e1ve months from the date of these
accounts. The board of Trustees is satisfied that West Ham United Football Club Limited is in a position to provide
thal financial support rf needed.
Consequently, after making enquiries and taking account of the uncertainties described above. the Board of
Trustees has a reasonable expectation that the company has adequate resources to continue in operalional
existence for the foreseeable fvture. Accordingly, the board of Trustees continue to adopt the going concem basis in
preparing the annual report and accounts for the company.
It is the policy of Ihe chartty that unrestricted funds vthich have not been designated for a specific use should be
maintained at a level equivalent to behveen three and six month's expenditure. The Trustees consider that reserves
al this level will ensure that, in the event of a significant drop in funding. they will be able to continue the charity's
current activities while consideration is given to ways in which additional funds may be raised. This level of reserves
has been maintained throughout the year.
Reserves Policy
Taking into consideration the guidance prowded by The Charity Commission for detemiining an appropriate reserve
level. projections for the appropriate amount of reserves have been calculated on the basis that the reserves in our
target range would provide short-term until long-tem solutions can be established and afe essential to ensure Ihe
Charity's capability to meet short-lem) obligations.
Reserves serve the crucial function of bridging the gap befvieen resource allocation and acquisition, as well as
covertng unforeseen declines in income and unexpected increases in other expenditures. The Trusteès consider
that the ideal reserve level for the next fve years is between £200.000 - £500,000.
As at 31 May 2024 the Group's level of reserves was £451.229 (202212023: £609,219).
The net movement in funds of West Ham United Foundation I￿￿uF) as at 31 May 2024 was a deficit of £157,990.
{31 May 2023.- £76,018 surplus).
Following a transfer of £18.750 from general reserve. designated funds increased to £118.750 for long temi
maintenance of the Pitch.
The Board keeps the level of reserves under regular remew to ensure that it is adequate and appropriate to meet
the requirement of the organisation.
10-

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STrATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Rlsk Review
The Trustees have undertaken an initial assessment of the major risks to which the cofflpany is exposed, in
particular those related to finances and how it operates generally.
During the year, we continued to develop strategic groups and consolidated forums to maintain a ￿ntinUouS
evalualion of risk factors. These groups convene on a monthly basis. These groups are..
Strategic Groups {+lead)
Operations Management (Head of Ops)
Business Development (Director of Programmes)
Equality Group (Head of Community Development)
Project Managers Group (Director of Programmes)
Forums
.Foundation Forum (chaired by CEO)
.Training & Workforce
Environmental Sustainability
Staff & Wellbeing
. Youth Forum
The Group's Finan￿ Sub Committee is fully active. however. the entire board carries fiduciary responsibility for the
organisation, the finance committee serves as a leadership rde in this area, making sure appropriate intemal
control procedures for all ffinancial transactions are documented. The Finance committee will ensure compliance
andlor develop other policies that fijrther serve to protect the WHUF and manage its exposure lo risk.
Ways in managing this financial risk indude:
Having detailed financial planning. policies and processes in place to ensure oversight and ongoing
monitoring of the finanaal position with all Heads of Departmenls and Budget Holders.
Detailed contract planning and financial risk analysis has been assessed within the Foundations Forum
Business Development section.
The Trustees meet quartety to monitor the spending. Generally. we look at various ways to streamlinè cosls wilhout
impacting on the delivery of the quality of services supplied, ensuring awareness and compliance of regulatory
standards that impact the dtfferent activities carried out by the Group.
Grants received from Premier League programmes still fonn a material sum of the financial perfomance, the Board
recogni5es that its financial perfomiance would be materially affected in the event of West Ham United Football
Club Limited being relegated from the Premier League with an associated reduction in the availabilty of funding
from central resources.
In order to mttigale any loss of income careful planning and, promolional and fundraising events are being
instigated. Also, Ihe group prepares budgets three seasons in advance which indude an evaluation of the impact of
relegation and associated contingency plans.
Financial assets Ihat expose the company to financial risk consist principalty of cash, trade receivables and other
receivables. Financial liabilities that expose the company lo finanaal risk consist principally of trade payables and
other payables. The financial risks associated with financral instruments are considered minimal.
The company is not exposed to any foreign exchange risks.
The Company places its cash wilh credttworthy institutions. The company perfonns ongoing uedrt evaluation of ils
debtorfs financial condition. The carying amount of cash, trade receivables and other receivables represent Ihe
maximum credit risk that Ihe company is exposed to.
11

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
Plans for future periods
2024-2025
At the heart of our Foundation's efforts is a deep understanding of the people and communities we reach. We invest
time into understanding their needs and aspirations and work collaborattvely, alongside our networks. to support
where we can.
This multi-layered model has enabled us to sharpen our attention on key areas impacting the individuals. groups
and communities we serve. With prevenlion. inteprfention and partnership being crucial to our efforts. we are
working hard to tackle some of the most prevalent issues in society today.
Times continue to be tough. and people and communiti'es need our help more than ever. Desptte these challenges,
we have remained fo¢)Jsed on our mission and objectives throughout. The Foundation conlinues lo be an anchor in
the community, and our agile approach allows us to be reactive within this ever-changing landscape. Wilh themes
such as food insecurity and youth wolence rife, our initiatives have adapted to be able to support those most
vulnerable.
As part of this, we are continuing to develop our work with children and families, progress mentortng and assistance
for young people and enhance employability pathways.. helping to create positive change and brighter futures.
In addition lo programme delivery the Foundation has been driving plans for the stale-of-the-art redevelopment of
the Beckton headquarters. In recent years, as the Foundation's ServI￿S have grown, the headquarters has become
restrictive. As such. wilh the ambition of establishing a Ihriving comrnunity hub al the heart of east London, the new
facility- set for Spring 2025 opening- will continue to build on impact being delivered.
The new facility will allow for increased delivery of youth activities, health programmes and learning and
development schemes whilst fostering social cohesion,. creab'ng a Community Hub, with the facilities and services to
meet the needs of the local community,. and generate more opportunities to change lives in East London and
beyond.
Auditor
In accordance with the company's articles, a resolution proposing that F Winter & Co LLP be reappointed as auditor
of the company will be put at a General Meeting.
12-

WEST HAM UNITED FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
Disclosure of infomiation to auditor
In so far as the Trustees are aware at the time of approving our Trustees, annual report..
there is no relevant infomiation, being information needed by the auditor in connection with preparing their
report. of which the groups auditor is unaware, and
the Trustees, having made enquiries of fellow directors and the group. s auditor that they ought to have
individually laken, have each taken all steps that's helshe is obliged to take as a director in order to make
themselves aware of any relevant audit information and to establish that the audrtor is aware of that
information.
The Trustees. report. including the directors. report and the strategic report. was approved by the Board of Trustees.
Andrew Mollett (Chair)
Trustee
7 February 2025
13-

WEST HAM UNITED FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MA Y 2024
The Trustees, who are also the directors of West Ham United Foundation for the purpose of company law, are
responsible for preparing the Trustees, Report and the finanaal statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally A￿pted Accounting Practio).
Company Law requires the Trustees to prepare financial statements for each financial year which give a true and
fair view of the slate of affairs of the charty and of the incoming resources and application of resouros. including
the income and ex￿nditure, of the charitable company for thal year.
In preparing these financial statements, the Trustees are required to..
- select suitable acojunting policies and then apply them consistently:
obseNe the methods and principles in the Charities SORP"
make judgements and estimates that are reasonable and prudent,- and
p￿pare the finanual statements on the going concern basis unless it is inappropriate to presume Ihat the charity
will continue in operation.
The Trustees are responsible for keeping adequate accounting records thal disdose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial slalements comply wilh the
Companies 2006. They are also responsible for safeguarding the assets of the charity and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Andrew Mollett (Chair)
Trustee
7 February 2025
14-

WEST HAM UNITED FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF WEST HAM UNITED FOUNDATION
Opinion
We have audited the financial statements of Wesl Ham United Foundation (the 'charity') for the year ended 31 May
2024 which comprise the consolidated statement of financtal activities, the consolidated and parent balance sheet,
the consolidated statement of cash flows and the notes to the financial statements, induding significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards. including Finan￿al Reporting Standard 102 The Financial Reporting Standa
applicablè in the UK and Republic of I￿land (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charitable group and parent's affairs as at 31 May 2024 and of the
group's incoming resources and application of resources, induding its income and expenditure, for the year
then ended.,
have been properly prepared in accordance with Unrted lfjngdom Generally AC￿pIed Accounting Practi￿.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audtt in accordance wtth Intemational Standards on Audtting (UKI (ISAS {UK)) and applicable
law. Our responsibilities under those standards are fvrther descrtbed in the Auditors responsibililios for the audit of
the financial staten7enls section of our report. We are independent of the charity in accordan￿ with the ethical
requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical
Standard. and we have fuffilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit e￿den￿ we have obtained is sufficient and appropriate to prowde a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have conduded that the Tmstees use of the going concem 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 charity's ability to continue as a going
concem for a period of at least Iwefve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the
relevant sections of this report.
Other infonnation
The other infonnation comprises the information included in the annual report other than the financial slatements
and our auditorfs report Ihereon. The Trustees are responsible for the other infomiation contained within the annual
report. Our opinion on the financial stalements does not cover the other infomiation and, except to the extent
otherwise explicitly stated in our report. we do not express any fonn of assurance conclusion thereon. Our
responsibilty is to read the other informalion and, in doing so. consider whether Ihe other information is materially
inconsistent with the financial stslements or our knowledge obtained in the course of the audit, or Othe￿Ise appears
lo 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 perfomied. we condude that there is a material misstatement of this other infomiation,
we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the woth undertaken in the course of our audit..
the information given in the Trustees report for the financial year for which the financial statements are
prepared, which indudes the directors, report and the strategic report prepared for the purposes of company
law, is consistent with the financial statements., and
the strategic report and the directors. report induded wrthin the Trustees report have been prepared in
accordance with applicable legal requirements.
15-

WEST HAM UNITED FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WEST HAM UNITED FOUNDATION
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the tharity and its environment obtained in the course of the
audit, we have not identified material misstatements in the strategic report or the directors, report included within the
Trustees report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require us
lo report to you if in our opinion-
adequate accounting records have not been kept. or retums adequate for our audit have not been received
from branches not wsited by us.. or
the parent charitable COmpan￿S financial statements are not in agreement wtth the accounting records and
retums., or
certain disclosures of Trustees. remuneration specified by law are not made., or
we have not received all the infom)ation and explanations we require for our audit.
Responsibilities of Trustees
As explained more fvlly in the statement of Trustees responsibilities, the Trustees, who are also the directors of the
charity for the purpose 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 intemal control as the Trustees detemiine is ne￿SSary to
enable the preparation of financial stalements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to
continue as a going concern. disclosing. as applicable, matters related to going concern and using the going
concem basis of accounting unless the Trustees either intend to liquidate the charitable company or to ￿ase
operations, or have no realistic altemative but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the finanual statements as a whole are free from
material misstatement, whether due to fraud or e￿Or. and to issue an audttorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan
wtth ISAS (UK) will a￿ayS detect a material misstatement when il exists. Misstatemenls can arise from fraud or
error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influen
the economic decisions of users laken on the basis of these financial statements.
Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulation. We design prO￿dureS in
line with our responsibilities outlined above, to detect material misstatements in respect of irregularities, including
fraud.
16-

WEST HAM UNITED FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WEST HAM UNITED FOUNDATION
The extent to which our prO￿dureS are capable of detecting irregularities. including fraud. is detailed below.
Our approach was as follows:
We obtsined an understanding of the legal and regulatory frameworks that are applicable to the entity by
discussions with management and those charged wtth govemance. experience from previous audtts of the entity
and experience of other charitable dients.
We assessed the risk of material misstatement in respect of fraud by discussions with management and
assessments against accepted risk factors.
We corroborated our enquiries through our substantive audit testing. review of cfient procedures and of minutes of
Trustee meetings.
We determined thal the most significant laws and regulations that relate which have a direct impact on the
detemiination of material amounts and disdosures in the financial statements are company law, charitable law, the
charitable objectives of the Foundation and accounting slandards. induding FRS 102 and the Charities SORP.
The terms and conditions under whith grants and other income, in particular those of the Premier League, are
significant because non-complian￿ would have a material effect on the financial statements.
Based on the results of our tisk assessment we designed our audit procedure510 identrfy non-compliance with such
laws and regulations identtfied above.
We considered Ihe risk of fraud through management override, and in response, we incorporated testing of manual
journal entries inlo our audit approath.
The engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with laws and regulations.
Identified fraud risk factors were disGussed during the audit team briefing and professional scepticism exercised
throughout the audit.
Because of the inherent limitations of an audit there is a risk thal we will not detect all misstatement5 due to
irregularities. including fraud. The more removed the laws and regulations are from the financial transactions. the
less likely it is that we would become aware of non-compliance.
Material misstalemenls thal arise due to fraud can be harder to detect than those that arise from error as they may
involve deliberate COn￿alment, forgery, omission. misrepresentation and collusion. Audit standards also limit the
audit procedures required to identify non-compliance with laws and regulations to enquiries of management and
inspeclion of regulatory and legal CO￿eSponden￿. if any. in the absence of identified or suspected non-compliance.
17-

WEST HAM UNITED FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WEST HAM UNITED FOUNDATION
Use of our report
This report is made solely to the charilable company's members. as a body, in accordan￿ wrth Chapler 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the chartlable company's
members those matters we are required to state lo them in an auditorfs report and for no other purpose. To the
fullest extent permitted by law. we do not a￿pt or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body, for our audit woth, for this report, or for the opinions we
have fomied.
A fijrther description of our responsibilities is available on the Financial Reporting Council's website at..
https'.IINMv.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report.
Sunil
atel
(Senior Statutory Auditorl
for and on behalf of F Winter & Co LLP
7 February 2025
Chartered Accountants
Statutory Auditor
Statutory Auditors & Chartered
Accountants
Ramillies House
2 Ramillies Street
London
W1F 7LN
18-

WEST HAM UNITED FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MA Y 2024
Unrestricted Restricted
fvnds
funds
2024
2024
Total Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
2024
Notes
2023
Income from:
Donations and similar
income
Income from Charitable
Activities
Other trading activrties
402,915
402,915
447,469
447,469
710.755
550,378
1.542.214 2.252,969
550.378
628,893
631,751
1,904,490 2,533,383
631,751
Totsl income
1.664.048 1.542.214
3.206.262
1.708,113
1,904,490 3,612,603
nditure on".
Expenditure on trading
activities
391,608
391,608
356,035
356.035
Charttable activities
1,430.430
1,542.214 2.972,644
1,276,060
1,904,490 3,180,550
Total expenditure
1.822.038
1.542.214
3.364.252
1,632,095
1,904,490 3,536,585
Net (expenditure)lincome for
the yearl
Net movement in funds
(157,990)
(157,990)
76,018
76,018
Fund balan￿$ at 1 June 2023
609.219
609.219
533,201
533,201
Fund balances at 31 May
2024
451.229
451.229
609.219
609,219
The statement of financial activities includes all gains and losses recognised in the year.
All incomè and expenditure derive from continuing actiwtses.
The statement of financial actiwties also wmplies with the requirement5 for an income and expenditure account
under the Companies Acl 2006.
19-

WEST HAM UNITED FOUNDATION
CONSOLIDATED AND PARENT COMPANY BALANCE SHEET
ASAT31 MAY2024
Group
2024
Charity
2024
Group
2023
Charity
2023
Notes
Fixed assets
Tangible assets
Investments
11
20
15,465
15,465
23,337
23,337
Current assets
Debtors
Cash at bank and in hand
15.465
15.466
23.337
23,338
12
760.702
222,371
758,122
208.324
999.127
262.004
1,050,942
159.832
Creditor5: amounts falling due within
one year
983.073
966.446
1,261.131
1.210.774
14
(547,309)
{530.683)
(675.249)
(624.893)
Net (yjrrent assets
435,764
435,763
585,882
585,881
Total assets less current liabilities
451,229
451,229
609,219
609,219
Income funds
Unrestricted fijnds
Designated funds
General unrestricted funds
118,750
332.479
118.750
332.479
100.000
509.219
100,000
509,219
451,229
451.229
609.219
609,219
The company has taken advantage of the exemption under (xjmpany law not to present ils parent company
statement of finanaal activities, induding its income and expenditure account. The amount of group deficit for the
year dealt with in the company's accounts was £157.990 (2023 - £76.018 surplus)
The financial statements were approved and authorized for issue by the board of TTUStees on 7 February 2025
Andrew Mollett (Chair)
Trustee
Company registrdtion number 05731045
-20-

WEST HAM UNITED FOUNDATION
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MA Y 2024
2024
2023
Notes
Cash flow5 fmm operating activities
Cash (absorbed by)Igenerated from
operations
21
(36,611)
72,519
Investing activities
Purchase of tangible fixed assets
(3,022)
(21.605)
Net cash used in investing activitles
{3.022)
(21.605)
Net cash used in financing activities
Net {decrease}fincrease in cash and cash
equivalents
(39,633)
50,914
Cash and cash equivalents at beginning of year
262,004
211,090
Cash and cash equivalents at end of year
222.371
262,004
21

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Accounting policies
Charity infom)ation
West Ham United Foundation is a private company limtted by guarantee (Companies House No. 5731045)
and a registered charity (Registered Charty No. 1114458) incorporated in England and Wales. The registered
office is 60a Albatross Close. Beckton. London. E6 5NX. The principal activities of the company are described
in the Trustees Report.
1.1 Basis of Preparation
Accounting convention
The financial statements have been prepared in accordance with the the Companies Act 2006, FRS 102 -The
Financial Reporting Standard applicable in the UK and Republic of Ireland" {'FRS 102") and the Charities
SORP "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 thartty is a Public Benefit Entity as defined by
FRS 102.
The financial statements are prepared in sterfing, which is the functional currency of the charity. Monetary
amounts in these financial slalements are rounded to the nearest £.
The financial stalemenls have been prepared under the historical cost convention.The company is a qualifying
entity as defined by FRS102 and has taken advantage of the provisions in FRS 102 whereby a parent is not
required to present a cash flow statement for the charity. Endrfl The principal accounling policies adopted are
set out below.
Basis of Consolidation
The consolidated financial statements incorporate the results of West Ham United Foundation and its
subsidiary from the date that conlrol commences to the date it ceases.
Subsidiary undertaking is consolidaled on a line-by-line basis using the acquisition method of accounting in
accordance with Section 9 "Consolidated and Separate Financial Statements" of FRS 102.
Details of West Ham United Foundations subsidiary undertaking can be found in Note 20.
1.2 Going concern
Al the time of approving the financial statements. the Trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. The Board of
Directors of West Ham United Football Club Limited (Club) have confimed the Clubs ongoing inlention of
operational and financial support to the Trust for a minimum period of 12 months from the date of approval of
these financial statements. and in addition the Club will not seek foredosure of the intercompany loan.
Thus the Tnjstees continue to adopt the going concem basis of accounting in preparing the financial
slalements.
1.3 Charitsble funds
Unrestricted funds are available for use at the disuetion of the Trustees in fvrtherance of their charitable
objectives.
Designated fvnds are amounls set aside by the Trustees for a spectfic purpose and may be transferred back
to unrestricted funds by decision of the Trustees at their discretion
Restricted funds are subject to specific conditions by donors as to how they may be used. At the year end, the
balances on all restricted funds are Nil.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
-22-

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Accounting policles
(Continued)
1.4 Income
Income is recognised when the charity is legally entilled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be re￿ived.
Donations and similar income includes donations. legacies and the income from all non-charilable incidental
fundraising activities.
Cash donations are recognised on receipt. Other donations are recognised ono the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in
relation to donations re￿iVed under Gift Aid or deeds of covenant is recognised al the lime of the donation.
Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending dislribution,
the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a
contingent assel.
The Foundation does not indude donated services and facilities in the Statement of Financial Activities as it is
unable to reasonably quantify or measure the value of these services. Donated services are provided by
Wesl Ham United FC to the extent that premises and support functions are prowded free of any charges.
Details of transactions with West Ham United FC are induded in note 18.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft to a
third paty, it is probable that a transfer of economic beneffts will be required in setdement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each actlvity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activtty. Direct costs attributable to a single
activity are allocated directly to that activty. Shared costs which contribute to more than one activity and
support cosls which are not attributable to a single activity are apportioned between those activities on a basis
consistent Wtth the use of resources.
1.6 Tangible fixed assets
Tangible fixed assets are initialty measured at cost and subsequently measured at cost, net of depreciation
and any impaimient losses.
Depreciation is recognised 50 as lo write off the cost of assets less their residual values over their usefijl lives
on the following bases..
Plant & Machinery
Computer Software
20°h reducing balan
33.30A staright line basis
The gain or Ioss arising on the disposal of an asset is determined as the dtfference belween the sale proceeds
and the caryying value of the asset, and is recognised in the statement of financial activities.
1.7 Investsnent in subsidiary undertaking
A subsidiary is an entlty controlled by the charity. Control is the power to govem the financial and operating
policies of the enlty so as to obtain beneffts from tts ath'vities. Investment in subsidiaries are included at cost.
-23-

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Accounting policies
(Continued)
1.8 Impairnient of fixed assets
At each reporting end date. the charity reviews the carrying amounts of tts tangible assets to determine
whether there is any indication that those assets have suffered an impaiment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment
loss (rf any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments wtth original maturities of three months or less. and bank overdrafts.
1.10 Financial instruments
The charily has elected to apply the provisions of Section 11 'Basic Financial Instruments. of FRS 102 to all of
its ffinaneial instruments.
Financial instruments are recognised in the charrty's balance sheet when the charity becomes party to the
contractual provisions of the inslrument.
Financial assets and liabilities are offset. with the net amounts Presented in the financtal statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balan￿s. are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the a￿angernent constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as re￿1vable within one year are not amortised.
Debtors
Trade and other debtors are recognrzed at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discount due.
Basic financial liabilities
Basic financial liabilities. including credilors and bank loans are initialty recognised at transaction pri￿ unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the presenl
value of the future payments discounted al a market rate of interest Financial liabilities classified as payable
within one year are nol amortiseij.
Debt instruments are subsequently Ca￿led at amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or servI￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as cu￿ent liabililies if payment is due wtthin one
year or less. If not, they are presented as non-curreni liabilities. Trade creditors are recognised initially at
transaction price and subsequentty measured at amortised cost using the effective interest method.
Creditots and provisions
Creditors and provisions are recognized where the charity has a present obligation resulting from a past event
that could probably result in the transfer of funds to a third party and the amount due lo settle the obligation
can be measured or estimated reliably. Creditors and provisions are normally recognized at their settlement
amount after allowing for any trade discount due.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitls contractual obligations expire or are discharged or
cancelled.
-24-

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Accounting policies
(Continued)
1.11 Taxation
The Charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or
Section 252 of the Taxations of the Chargeable Gains Act 1992 to the extent that these are applied to ils
charitable objects. The income of the trading subsidiary is gift aided to the parent charity such that no tax
liabilities are due.
1.12 Ernployee benefits
The cost of any unused holiday entitlement Is recognised in the period in which the employee's seNices are
received.
Termination beneffts are recognised immediatety as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide temiination benefits.
1.13 Retirement benefits
Payments to defined contribution retirement benefit schemes a￿ tharged as an expense as they fall due.
Critical accounting estimates and judgements
The principal estimates and judgements relale to the assessment of accrued and deferred income relating lo
restricted fund prOje￿S as detemiined by the condttions of the grant and the accounting requirements of FRS
102 and the SORP.
The allocation of support costs needs to tske account of the restrictions imposed by donors on the ability to
recover cost (see Note 8).
Donations and similar income
Unrestricted Unrestricted
funds
funds
general
general
2024
2023
Grants
Donations
Legacies
Fundraising
230.000
28,407
40,000
104,508
234,500
91,329
40,000
81,640
402,915
447,469
-25-

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR fHE YEAR ENDED 31 MA Y2024
Incomo from CharftableAc￿vI￿o3
Totsl
Fo¢ibal Communty
L•*rnlny
2Q24
2024
2023
2023
2023
2023
Chwitabk a(*￿1¢
n7.883
n8,1C
776,986 2.252.969
030.039
8%.843
806,$01 2,533.383
Anatysis by thd
Vnresknthed funds. gmeral
Rtslricaed fund$
203.895 135,329
371.&11
710,755
533,988 602.771 405.455 1.542.214
n7.883
184.476
645.
20.527
876.316
423.89)
382,611
628.893
1,gJ4.490
,1C#)
776.986 2.252.969
830.039 89S.843
806.501 2.533.383

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Other trading acllvitie3
Unrestricted Unrestri¢ted
funds
funds
general
general
2024
2023
Football development
Other trading income
510.826
39,552
593.542
38.209
Other trading aclivtties
550,378
631,751
Expenditure on trading activities
Unrestrfcted Unrestricted
funds
funds
general
general
2024
2023
Tradin
costs
Football Development
Other trading cost
310,608
81,000
356,035
391,608
356,035
-27-

WEST HAM UNrrED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 IIA Y2024
Charltablo ¥U¥ltle5
Foow Communlty L•amlThJ
Dovelopment
2024
2024
Totsl
F¢J91￿1 Cornmuntty Loarnlng
D8velopmont
2023
2023
Tot•1
2024
2024
2023
2023
ch￿Itable expenditure
630.946 547.437
4￿.976 1.669,359
744.566 607.988 534.5W 1.887.054
Shareef 5UPWt Costs (see 81
Share of govemance t/)￿9 Isee nete 81
4S3.703 334.836
14.657
14,657
470.715 1,259.314
14.657
43.970
492.436
4,C67
232.193
4.067
556,666 1.281,295
4.￿7
12.2CQ
1.099.3C6
896.930
978.4￿ 2,972.644
1.241.C69
Analysls by fund
Unrestricted fvnds- genw81
Restricted funds
844.248 1,095,233 3.180.550
487.172
612.134
297.175
646.fO3 1.430.4XJ
S99,755 ts).325 1.542.214
1.099.3(kS 896.930
476.219
764.850
18,136
826.112
781.705 1.276.060
313.528 1,W,490
976.4￿ 2.972,644
1.241.
844,248 1.095,233 3,180,550

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Support costs
Support Governance
costs
costs
2024
Support Governance
costs
costs
2023
Football Development
Community
Learning
453,703
334,836
470,775
453.703
334.836
470.775
492,435
232,193
556,666
492,435
232,193
556,666
Audil fees
Other fees payable to
auditors
Legal and professional
8,810
8,810
11,000
11.000
7,910
27.250
7,910
27,250
1,200
1,200
1.259,314
43.970
1.303.284
1,281,294
12.200
Analysed between
Charitable activities
1.293,494
1.259,314
43.970
1.303.284
1.281,294
12,2(Ki
1.293,494
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
No Trustee (or any person associated with them) re￿iVed any expenses from the chartty during the year.
10 Employees
The average monthly number of employees during the year was".
2024
Number
2023
Number
Full time employees
Part time employees
47
72
47
61
Total
119
108
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
1.900,149
235,184
58,151
1,973,279
242,546
60,421
2,193,484
2,276,246
-29-

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
10 Employees
(Continued)
The number of employees whose annual remuneration was more than £60,1)00
is as follows-.
2024
Number
2023
Number
£170,001-£180,000
£70,001_£80.000
£60,001_£70.1)00
11 Tangible fixed assets
Plant & Machlnery
Cost
At 1 June 2023
Additions
33,462
3,022
At 31 May 2024
36,483
Depreciation and impaimient
At 1 June 2023
Deprecialion charged in the year
At 31 May 2024
10,125
10,894
21,018
Carrying amount
At 31 May 2024
15,465
At 31 May 2023
23,337
12 Debtors
Group
2024
Charity
2024
Group
2023
Charity
2023
Amounts falling due within one year:
Trade debtors
Wesl Ham United Foundation Enterprises
IWHUFE)
Other debtors
Prepayments and accnjed income
514.352
468,979
447,107
368.647
144,503
8,784
135,856
419,344
1,816
261,135
8,784
237,566
1,816
550,204
760,702
758,122
999,127
1,050,942
-30-

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
13 Operating lease commitinents
At 31 May 2024 the group had operating lease commitments under which the minimum commitments are
payable as follow5
i. Within one year £20,000
ii. Within years two and five £80.000
iii. After more than five years £400,000.
14 Creditors: amounts falling due within one year
Group
2024
Charity
2024
Group
2023
Notes
Charity
2023
Other taxation and soual
security
Deferred income
Trade creditors
A￿TualS
73,523
397,088
23.218
53.480
15
65,342
397,088
21,273
46,980
87,048
253,319
188.759
146,123
62,358
253.319
174,535
134,681
547.309
530,683
675,249
624,893
15 Deferred income
2024
2023
Other deferred in￿rne
397.088
253,319
2024
2023
Deferred income is induded within:
Current liabilities
397,088
253,319
Deferred income at 1 June 2023
Released from previous periods
Resources deferred in the year
253,319
(253,319)
397,088
269,938
(269,938)
253,319
Deferred income at 31 May 2024
397,088
253.319
Deferred income represents income which the chartty is ￿qUired to retain to meet the balance of expenditure
under the terms of funding agreements.
31

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
16 Funds
General
Reserve
Designated Totsl
Funds
Restricted
Unrestricted Funds
Total Funds
At 1 June 2022
458.201
75,000
533.201
533,201
Incoming resources
1,708,113
1,708,113
1,904,490
3.612,603
Resources expended
(1,632,095)
(1,632,095) (1.904,490) (3,536,585)
Transfer
(25,CH)O)
25.000
At 31 May 2023
509.219
100,000
609.219
609,219
At 1 June 2023
509.219
100,000
609.219
609,219
Incoming resources
1,664,048
1,664.048
1,542.214
3,206.262
ReSoUr￿S expended
(1,822,038)
(1,822.038) (1.542,214) (3,364,252)
Transfer
(18.750)
18,750
At 31 May 2024
332.479
118,750
451.229
451,229
Funds are held for use of the following purposes.
General reserve
General reserve represents funds available for use at the dIS￿et10n of Board to further the Charity's
objectives.
Designated funds
Designated funds are amounts set aside by the Trustees for specific purposes. During the year the Trustees
transferred an additional £18,750 into a separate designated fund for the maintenance and improvement of
the pitches rnade available to the Foundation by West Ham United Football Club.
Restricted funds
Restricted funds indude grants given to the Charity for spectfic purposes to be expended in accordance with
the terms of donation or grants.
These funds consist of grants and funding in vartous bodies including Premier League. They are to be used
for specific projects according to terms and restrictions imposed by the donors and funding bodies. They
relate lo a large number of short-term projects the activities which are in line with our objectives. covering
areas in Football Development. Leaming and Communty.
-32-

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
17 Anatysis of net assets between funds
Generdl Designated
Total
reserve
funds unrestrictsd
funds
2024
General Designated
Total
reserve
funds unrestrictsd
funds
2023
2024
2024
2023
2023
Fund balances at 31
May 2024 are
represented by..
Tangible assets
Cuffenl aSset￿(lIabIlIties)
15.465
317.014
15.465
435.764
118.750
23.337
485,882
23,337
585,882
100.000
332.479
118.750
451,229
509,219
100,000
609,219

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED)
FOR THE YEAR ENDED 31 MA Y2024
18 Related party trdnsactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2024
2023
Aggregate compensation
438.937
477,248
Transactions with related parties
Sports equipment, stationery and children's toys were purchased from West Ham United Football Club
Limited.
Purchase of goods
2024
2023
West Ham United Football Club
63,750
56,271
Other trading income (Note 6) includes salary and other recharges to West Ham United Football Club for the
use of staff and hospitality.
Recharges
2024
2023
West Ham United Football Club
164,566
38,209
The following amounts were outstanding at the reporting end date-.
£177,232 {2023'. £117,356 credit) due from West Ham United Football Club Group.
A number of other goods and servrces were supplied to the company by West Ham United Football Club
Limitèd on a complimentary basis. as explained in the section headed "Relationship with West Ham United
Football Club Limited" in the Trustees, Report, pages 1 to 13 of Ihese financial statements. The Trustees
consider that it is impracticable to value these goods and servI￿s.
On 28 May 2024, the charrty entered into an operating lease with West Ham United Football Club for a period
of tsventy five years for the occupation of the redeveloped premises at Beckton at a minimum rent of £20,000
per annum. The previous lease allowed rent free occupation.
19 Controlling Party
The company is limited by guarantee and therefore does not have any share capital. Any liabilty of ils
members is limited to £10 per member

WEST HAM UNITED FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
20 Subsidiaries
Details of Ihe charity's subsidiaries at 31 May 2024 are as follows-.
Name of undertaking
Registered
office
Nature of business
Class of
% Held
shares held Direct Indirect
Provision of Sports se￿iCes Ordinary
West Ham United
Foundation Enterprises
IWHUFE) Limited
England and
Wa￿S
100.00
Share Capital Held £1
21 Cash generated from operations
2024
2023
(Deficit)Isurpus for the year
{157,990)
76,018
Depreciation and impaifment of tangible fixed assets
10.893
6,926
Movements in working capital:
Decrease in debtors
(Decrease) in creditors
Increasel(decrease) in deferred income
238,429
(271,712)
143,769
459,207
(453,013)
(16,619)
Cash (absorbed by)Igenerated from operations
(36,611)
72,519
22 Corresponding amounts
In ortain cases. the Tmstees have reanalysed the corresponding amounts in order lo make their disclosures
more meaningful.
-35-