Charity number: 1119794 Registered number: 05895540 WYCOMBE WANDERERS FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
WYCOMBE WANDERERS FOUNDATION CONTENTS Page Reference and administrative details of the Charity. its Trustees and advisers Trustees. report 2-10 Independent audltor's report on flnanclal statements Statement of financial activities 15 Balance sheet 16 Statement of cash flows 17 Notes to the financial statements 18-34
WYCOMBE WANDERERS FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees A Hussain, Chairman B Dunlop lappointed 18 Dember 20251 P Asare-Archer lappoinled 1 DeTrmber 20251 T Davies (appointed 23 September 20251 D Lovelock A Parry J Ross J Shaw Y Thomas A Velasco E Chow lappoinled 1 June 20251 A Burgess lappointed 23 September 2025} Charity registered number 1119794 Registered office Adams Park Hillbottom Road High Wycombe Buckinghamshire HP12 4HJ Senior management team Mark Gailskell, CEO Kirk Williams, Head of Performance Luke Godfrey, Head of Inclusion & Cohesion Andrew Homent, Head of Sports Participation Kelly Rees, Head of Education & Employability Independent auditors Barnes Roffe Audit Limited Chartered Accounlanls Slatulory Auditor Leylonstone House 3 Hanbury Drive London E11 1GA Bankers National Westminster Bank plc 9 Bank Court Hemel Hempstead Hertfordshire HP1 18S Page 1
WYCOMBE WANDERERS FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual port together with the financi81 statements of the charity for the year 1 st September 2024 to 31st August 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 ReF)Ort and financial statements of the charitable eomp8ny comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their aecounts in accordance with the Financial Reporting St8nd8rd applicable in the UK and Republic of Ireland IFRS1021. Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 Istrategic Report and D1ClOrS, Report) Regulations 2013 has been omitted. Objectives and activities Policies and objectives Wycombe Wanderers Foundation IwnNFI delivers an innovative and appealing range of aclivilies, to educate, motivate and inspire as many people as possible through the power of sport, footb811 and Wyeombe W8nderers Football Club with an overarching vision and mission as follows". Vision - An educated, he8llhier 8nd more connected community. Mission To place N/ycombe Wanderers Football Club at the forefront of supporting loc81 people 8nd communities to thrive. Specifically, WWF aims are.. To help build a more active, inclusive, healthy and integrated community. To help improve educational outcomes within our community. To contribute to creating a safer and more cohesive community. To deliver professional, high-quality, safe and accessible services To respect and listen to the views of children, young people and adults living in our surrounding eommunities and lo use these views lo shape our offering and strategy. To strive for exrIence in our service, communication and care to our participants, staff and stakeholders. To provide activities that engage and empower those living in our community. To add value, be positive, open and collaborative. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidan 'Public Benefit.. Running a Charity IP821°. Page 2
WYCOMBE WANDERERS FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Aehievements and performance Review of activities Throughout the 2024-25 porting period, Wycombe Wanderers Foundation continued lo deliver 8 broad and impactful programme of community activity across Buckingh8mshire and the surrounding areas. The Foundation remained structured around four operational departments Education & Employability, Health & Inclusion and Sports P8rtiClP8tion, Performance and Pathw8yS while continuing lo work towards four overarching strategic aims". 11 Eneour8ge physical activity and creating opportunities to participate in sport and establish healthy habits, regardless of personal and social circumstances. 21 Tackling a rangè of existing and emerging public health and social issues. 31 Encourage learning and creating opportunities for people lo improve their knowledge, confidenee and skills. 41 Breaking down soci81 barriers and creating inclusive OPF)Ortunities that build stronger and more cohesive eommunilies. The Foundation continued to work closely with Wyeombe W2nderS Football Club, schools, local authorities, health providers, community groups and national football partners to deliver meaningful programmes with measurable outcomes. Core funding and programme support continued through partnerships with EFL in the Community, the PMIer League Charitable Fund and a variety of gfftnl-making organisations and local stakeholders. These partnerships enabled WWF lo expand delivery eapacity, sustain existing projects and develop new inilialives responding lo local need. Page 3
WYCOMBE WANDERERS FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Aehievements and performance Icontinuedl Health & Inclusion WWF continued lo deliver a mnge of health and well-being programmes supporting participants of all ages. The Keep Moving Forward" prramme remained a central part of the Foundation's mental health provision, supporting individuals experiencing poor mental health and social isolation through physical activity, walking groups, wellbeing sessions and peer support opportunities. Walking Football sessions eontinued lo engage older adults and participants with exisb'ng health conditions, providing both physical activity and important social interaction opportunities. The Foundation also continued delivery of". Bump & Beyond sessions supporting expeelanl and new mothers. Blue Arrows, the innovative darts-based mental health programme. No MO Falls, a seated fitness and mobility programme for older adults. Wider wellbeing inletventions encouraging healthier lifestyles and sustained physical activity. The Foundation strengthened relationships with local health partners and community org8nisations throughout the reporting period in order to maximise referral palhw8ys and increase participant reach. Premier League Kicks continued lo provide free evening and weekend football and physical activity sessions for young people aged 8-18 alongside skills based workshops and activations, helping lo reduce antl-SOC181 behaviour, improve wellbèing and create safer communities. The programme also deliVed girls-only provision and leadership opportunities for young participants. WWF continued to deliver anti-racism, equality and inclusion workshops in partnership with schools and community organisalions, supporting wider social edueab'on and aWane$S. Additional inclusion-focused projects delivered during the year included". Youth Intervention Programme support for vulnerable young adults. Street Soccer provision supporting homeless and al-risk individuals. Inclusive 8fter-school clubs ensuring accessible participation opportunities reg8rdless of background or ability. The Foundation also supported community engagement events linked lo Wycombe W8nderers Football Club, helping to strengthen the connection between the football club and the local community. Page 4
WYCOMBE WANDERERS FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Aehievements and performance Icontinuedl Education & Employability Premier League Primary Stars remained 8 flagship education programme during 2024-25, supporting schools through PE delivery, litemcy, numeracy and personal development activib'es using the appeal of football lo engage pupils. The Future Goals programme continued to support young people who were disengaged from education or 8t risk of exclusion by delivering mentoring, targeted intervention and positive engagement opportunities in Ioc81 schools. Education days, workshops and themed events were delivered throughout the year covering subjects including. Anti-racism and equality. Anti-bullying. Internet and mil safety. Mental health awareness. Cultural awareness and diversity. Literacy and Wodd Book Day aclivilies. WWF also continued to support looked-8fter children and vulnerable young people through malchday experiences and targeted enrichment activities. WWF delivers a foundation degree programme focussed on coaching, development and performance in partnership with local university BuckIngh8mshi New University. Holiday Activities and Food IHAFI provision remained an important area of delivery, particularly for children and young people requiring additional support and specialist provision. Sports Partieipation linclusive of perfomianee and pathwaysl Sports Partieipalion remained a key strategic priority throughout the reporting period. WWF delivered curriculum and extra-curricular school sports provision, holiday football courses and Saturday morning development sessions for local young people. The Elite Development Academy Continued lo support talented male and female footballers through enhanced coaching and player development pathw8yS 81ong with the Foundation assuming control of Wycombe Wanderers Women creating an inclusive palhw8y for women and girls from 'First Kick to First Team,. The Foundation 81so maintained ils football and education partnership provision with local education providers, helping students combine academic studies with structured footb811 development opportunities. In addition to direct programme delivery, WWF continued to support Wycombe W8nderers Football Club through matchday activations, p18yer appearances, b811 retriever coordination, charity engagement and wider community-facing activity. Page 5
WYCOMBE WANDERERS FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Financial review Going concern The Trustees remain satisfied that the charity continues lo operate as a going concem. During the reporting period, the Foundation continued to carefully manage expenditure while identifying opportunities lo diversify income streams and increase UnStricted income generation. Continued demand for foolball-based provision, strong community partnerships and prudent financial oversight helped maintain org8nisalion81 stability throughout the year. The Trustees recognise the continuing financial pressures affecting the charitable and community sector, including increasing staffi'ng, funding challenges and barriers, operation81 and facility costs. Despite these challenges, the Trustees remain optimistic regarding the long-term sustainability and future development of the Foundation, particulady in light of infrastructure developments and future plans at WWFC. Reserves policy The Reserves Policy of WWF dic18tes that sufficient unrestricted reserves should be held to manage the day-lo- day operating costs of the organisation for a period of up lo three months. The Trustees continue to review reserve levels regulady in line with sector guidance and org8nisalion81 risk. The Board recognises the importance of m8inlaining appropriate reserves to. Ensure adequate working capi181 is available. Meet unexpectèd expenditure requirements. Demonstrate financial stability lo funding partners and stakeholders. Due lo the ch811enging landscape within the eharilable sector and having faced difficulties with funding, operational costs and capacity as well as 8SSOCi8ted diffi'culties for participants linked lo the Cu[nI cost-of- living status, at the end of the reporting period il was not possible lo replenish cash reserves. Adaptations and strategic decisions have been made heading into the new period to deliver surplus funds for cash reserve replenishment and lo take steps forward towards achieving the Cash reserves target and greater finanei81 stability. Investments policy The Trustees eontinue to oview the charity's banking and investment arrangements to ensure they remain appropriate to the size and operational requirements of the organisation. The Charity has not adopted a form81 investment policy due to the level of unrestricted funds currentiy available. Page 6
WYCOMBE WANDERERS FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Financial risk management objectives and policies The Trustees have assessed the major strategic, operational and financial risks facing the charity and are Satisfied that systems and eontrols remain in place to mitigate these risks. Particular attention eontinues lo be given to". Funding diversification. Staff recruitment and relenlion. Safeguarding and participant welfare. Cost management and financi81 resilience. Governance, quality assurance and programme delivery stand8rds Related Parties The following companies are considered related parties". Wycombe Wanderers Footb811 Club Wycombe Wanderers SupF)Orters Trust The are limited tr8ns8Ctions between VlllNF and these Companies, outside of any collaboration on strategic and community objectives and sharing best practice (where appropri8tel. Any transactions which have taken place are disclosed within these accounts. Page 7
WYCOMBE WANDERERS FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structure, govemance and management Constitution The Charity is registered as a charitsble company limited by guarantee, incorporated on 3 August 2006 and registered as 8 charity (number 11197941 on 21 June 2007. The Trustees are also the Directors of the charitable company for the purposes of company law. WWF'S Memorandum and Articles of Association are the primary governing documents of the Charity. Methods of appointment or election of Trustees WWF is managed by 8 Board of TrusteeslDirectors plus Officers. Trustees are truited and appointed based on the needs identified through the B08rd Skills Audit and the strategic requirements of the organisation. The B08rd consists of representatives nominated by Wycombe W8nderers Football Club, Wycombe W8nderers Trust and independent Trustees. Trustees are appointed initially for 8 Ihree-ye8r term and are eligible for re8ppoinlment subject to approv81 by the B08rd and any nominating body. New Trustees receive induction support, governance guidance and access to organisation81 policies, meeting minutes and recent financial statements. he WWF Board of Trustees consists of psentatIveS as follows". DirectOrUsteeS Up lo two121 Trustees nominated by Wycombe W8nderers Football Club. Up lo two121 Trustees nominated by Wycombe Wanderers Trust ' Up to four141 Independent Trustees as shall be from time to lime selected and co-opted by the Board, at least one of whom must be female Any Co-opted Trustees Iwilh or without voting rights) as approved and aecepled by the Board At least one of the above 4 representatives must be female Officers- Non-voting Attendees Wycombe Wanderers Foundation Chief Executive Officer At the close of the porting period the WWF Trustees were 8s follows.. Trustees nominated by Wycombe Wanderers Football Club". Adam Velaseo Alan Parry Trustees nominated by Wycombe wanderS Trust". Peter Lerner Yvette Thomas Page 8
WYCOMBE WANDERERS FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structure, govemance and management Icontinuedl Independent Trustees". Arif Hussain Derek Lovelock Colin Hayfield Mimi Harker John Shaw Jade Ross Organisational structure and decision-making policies The Board of Trustees meets on 8 quartedy basis and delegates responsibility for the day-to-day management of the organisation lo the Chief Executive Officer and senior leadership team. Pay policy for key management personnel WWF continues to operate a slruclured staff pay framework with salary bands linked lo roles and SFX)nsibilities. Prog$s1on is informed by annual performance reviews and subject to Trustee oversight where appropriate. Plans for future periods WWF remains committed to delivering a comprehensive and diverse range of programmes aligned to the organisation's strategic priorities and responsive lo the needs of local communities. Key priorities for 2025-26 include". Expanding health and wellbeing provision. Increasing participation opportunities for underrepresented groups. Strengthening education and employability pathways for young people. Developing sustainable income streams and strategic partnerships. Enhancing the connection between Wycombe Wanderers Football Club and the wider community. Continuing lo improve monitoring, evaluation and impact reporting. The Foundation will continue to adapt its delivery model in response lo local need, the evolving ch8ri18ble 18ndsc8pe and opportunities arising through football and community partnerships. Page 9
WYCOMBE WANDERERS FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the fin8nci81 statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Aecepled Accounting Practice). The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financi81 statements, the Trustees are required to". select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021", make judgments and accounting estimates that are reasonable and prudent", stale whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject lo 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 Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Oisclosure of infomiation to auditors Each of the persons who are Trustees al the time when this Trustees. report is approved has confirmed Ihal.. so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order lo be aware of any relevant audit informab'on and to establish that the charity's auditors are aware of that information. Auditors The auditor, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. Approved by 28-May-2026 order of the members the board of and signed on their behalf by.. Trustees on A Hussain Ichair of Trustees) Page 10
WYCOMBE WANDERERS FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WYCOMBE WANDERERS FOUNDATION Opinion We have audited the financial slalements of Wycombe Wanderers Foundation Ilhe 'charity'l for the year ended 31 August 2025 which comprise the Slalemenl of financial aclivilies, the Balan sheet, the Slalemenl 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 Practi}. The financi81 statements have been prepared in 8ccord8nce with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities." S18tement of Recommended Practice issued on 1 April 2005 which is referred to in the exlanl regu18tions but has been withdown. This has been done in order for the accounts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In our opinion the financi81 statements". give a true and fair view of the slate of the charity's affairs as at 31 August 2025 and of its incoming sources and application of resources for the year then ended", have been properly prepad in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII 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 charity 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. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Trustees, 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 lo events or conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as going COnM for a period of al least Ie1ve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this report. Page11
WYCOMBE WANDERERS FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WYCOMBE WANDERERS FOUNDATION ICONTINUEDI other information The other information comprises the information included in the Annual report other than the financial slalements and our Auditors. report Ihereon. 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 lo the extent otherwise explicitly slated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is lo 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 lo be materially misslaled. If we identify such material inconsistencies or apparent material misstalemenls, we are required to determine whether this gives rise to a material misslatemenl in the financial statements themselves. If, based on the wort< we have performed, we conclude that there is a material misslalement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the infomialion given in the Trustees, report is inconsistent in any material respect with the financial slalements., or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns., or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explained more fully in the Trustees, responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is neSSary to enable the preparation of financial statements that are free from material misstatement, whether due lo 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 conrn basis of accounting unless the Trustees either intend to Iiquidale the charity or to cease operations, or have no realistic altemalive bul to do so. Page 12
WYCOMBE WANDERERS FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WYCOMBE WANDERERS FOUNDATION ICONTINUEDI Auditors. responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl, whether due to fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable assuonce is 8 high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a materi81 misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delecl material misstatements in respect of irregularities, including fraud. The extent lo which our procedures are capable of delecling irregularities, including fraud is detailed below.. In identifying and assessing risks of material misstatement in respect of irregularities we considered the following.. the nature of the industry, sector and control environment including the procedures for revenue recognition., results of our enquiries of management about their own identification and assessment of the risks of irregularities-, any mallers we identified having made enquiries of management about their policies and prOdureS relating to.. identifying, evaluating and complying with laws and regulations and whether they were aware of any instan5 of non-complian., detecting and responding lo the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud., the intemal controls established to mitigate risks of fraud or non-eompliance with laws and r4ulalions,' and the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. All relevant laws and regulations identified and areas susceptible lo fraud that could have a Material effect on the financial statements were communicated. Any instances of non-compliance of non-compliance with laws and regulations identified were considered in our audit approach. The most significant laws and regulations were determined as follows". UK GAAP FRS 102 and Companies Act,. and Charities Act 2011. Additional audit procedures performed by the audit engagement team included.. Review of the financial statement disclosures and testing to supporting documentation Completion of disclosure checklist lo identify areas of non-compliance. The areas that we identified as being susceptible lo material mislatement due lo fraud were.. Revenue recognition (including grant incomel., Management override. Audit procedures in response to the identified areas above.. Agreeing the financial statements disclosures lo underlying supporting documentation., enquiring of management about actual and potential litigation and claims., Performing analytical procedures and subslanlive testing to identify any unusual or unexpected relationships that may indicate risks of material misstalemenl due to fraud., Page 13
WYCOMBE WANDERERS FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WYCOMBE WANDERERS FOUNDATION ICONTINUEDI In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments., Assessing whether the judgements made in making accounting estimates are indicative of a potential bias", and Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks lo all engagement team members and remained alert lo any indications of fraud or non-compliance with laws and regulations throughout the audit. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading lo a material misslalemenl in the financial stslemenls or non-complianTr with regulation. This risk Increases the more that compliance with a law or regulation is removed from the events and transactions reflected In the financial statements, as we will be less likely to become aware of instan$ of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 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.o .ukJaudilorsres onsibilities. This description forms part of our Auditors, report. Other matters In the previous awounling period the charity was entitled to an exemption from audit under the Charities Act. Therefore, the prior period financial stslemenls were not subject lo an audit. Use of our report This report is made solely to the charity's Iruslees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the charity's trustees those matters we are required to stale 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 lo anyone other than the charity and its Iruslees, as a body, for our audit work, for this report, or for the opinions we have formed. Sw-Rgi Egp. Barnes Roffe Audit Limitod Chartered Accountants Statutory Auditor Leytonslone House 3 Hanbury Drive London E11 1GA Dale. 28-May-2026 Bames Roffe Audit Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 14
WYCOMBE WANDERERS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 Restricted funds 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable activities 118.084 26.031 171.450 727.002 289.534 753.033 340. 750 768,660 Total income 144,115 898,452 1,042,567 1,109,410 Expenditure on: Charitable activities 137.807 977.108 1,114.915 1,091,544 Total expendlture 137.807 977.108 1,114.915 1,091,544 Net movement in funds 6.308 178.6561 172.3481 IT,866 Reconciliation of funds.. Total funds brought forward Nel movement in funds 15.274 6.308 17.289 178,6561 32.563 172,348) 14,697 17,866 Total funds carrigd forward 21.582 161.3671 139.7851 32,563 The Ststemenl of Financial Activities includes all gains and losses recognised in the year. The notes on pages 18 to 34 form part of these financial statements. Page 15
WYCOMBE WANDERERS FOUNDATION BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note Fixed assets Tangible assets Current assets 10 288 577 Debtors Cash al bank and in hand 11 62,650 74,535 49,936 199,492 137.185 249,428 Current liabilities Creditors.. amounts falling due within one year 12 1177,2581 (217,442) Net current liabilities l assets {40.073} 31.986 Total net assets {39,785} 32,563 Charity funds Reslricled funds Unrestricted funds 13 13 21.582 {61,367} 15.274 17,289 Total funds (39,785) 32,563 The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by.. 28-May-2026 A Hussain Ichair of Trustees) The notes on pages 18 to 34 form part of these financial statements. Page 16
WYCOMBE WANDERERS FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Cash flows from operatlng actlvltles Nel cash used in operating activities 1124,9571 68.539 Cash flows from Investlng actlvltles Net cash provided by investing activities Cash flows from financing activities Net cash provlded by flnanclng actlvltles Change in eash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 1124,9571 199,492 68,539 130.953 Cash and cash equlvalents at the end ofthe year 74,535 199,492 The notes on pages 18 to 34 form part of these financial statements Page 17
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General information The charity is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. Accounting policies 2.1 Basis of preparation of financial ststements The financial stslements have been prepared in accordan with the Charities SORP IFRS 1021- 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 Irel2nd IFRS 1021, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Wycombe Wanderers Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are Initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounting policy. Wycombe Wanderers Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are Initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounb'ng policy. 2.2 Going concern The trustees assess whether the use of going concern is appropriate i.e whether there are any material uncertainities related lo events or conditions that may cast significant doubl on the ability of the charity to continue as a going concem. The Iruslees make this assessment in respect of a period of one year from the dale of approval of the financial statements and have concluded that the going concern concept Is appropnate. In reaching this conclusion the trustees have considered revenue streams and net CLJrrent asset levels, and further details are discussed in the Iruslees report. Page 18
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 2.3 Income All income is recognised once the Charity has entillemenl lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing enlillement, the probability of reIpt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement lo a legacy exists when the charity has sufficient evidence that a gift has been left lo them {Ihrough knowledge of the existence of a valid will and the death of the benefaclorl and the executor is satisfied that the property in question will not be required to satisfy claims in the eslale. ReIpl of a legacy must be recognised when it is probable that il will be received and the fair value of the amount re1Vable, which will generally be the expected cash amount lo be distributed to the charity, can be reliably measured. Grants are included in the Statement of financial activities on a re1vable basis. The balance of income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balan sheet. Where income is received in advan of entitlement of reipl, ils recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Grants related to performance and specific deliverables are accounted for when the charity has completed that performance and deliverable. 2.4 Expenditure Expenditure is recognised On there is a legal or constructive obligation lo transfer economic benefit lo a third party, il 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 shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly lo that activity. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Government grants Government grants relating lo tangible fixed assets are treated as deferred income and released lo the Statement of financial activities over the expecld useful lives of the assets cOnrned. Other grants are credited to the Statement of financial aclivlies as the related expenditure is incurred. 2.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 19
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 2.7 Taxation The Charity is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finan Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains reiVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 2.8 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capilalised 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 ils intended working condition should be included in the measurement of cost. Al each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined lo be the higher of ils fair value less costs lo sell and ils value in use. An impairment loss is recognised where the carrying amount eXedS the recoverable amount. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their eslimaled useful lives. Depreciation is provided on the following basis.. Motor vehicles Fixtures and fillings Computer equipment 17Q/o per annum on a slraighl line basis 25Q/o per annum on a slraighl line basis 25Q/o per annum on a slraighl line basis 2.9 Debtors Trade and other debtors are recognised at the selllemenl amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.10 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 dale of acquisition or opening of the deposit or similar account. Page 20
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 2.11 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balan sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the Charity anlicipales il will pay to sellle the debt or the amount il has reiVed as advanced payments for the goods or services it musl provide. Provisions are measured al the best estimate of the amounts required to sellle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Slalement of financial activities as a finan cost. 2.12 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.13 Pensions The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity lo the fund in respect of the year. 2.14 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity 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 lo the financial statements. Page 21
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from donations and legacies Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Sponsorships Donations Grants 93,135 7,044 71,271 93.135 7.044 189,355 118,084 118,084 171,450 289.534 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Sponsorships Donations Grants 106, 181 11,492 97,844 4, 688 106. f 81 11,492 218.389 120,545 Government grants 4,688 120.545 220,205 340, 750 Income from charltable actlvltles Restricted Unrestrlcted funds funds 2025 2025 Total funds 2025 Sport and edue8tional activities 26,031 727,002 753,033 Restrictgd Unrestricted funds funds 2024 2024 Total funds 2024 Sport and educational activities 140,889 627,771 768,660 Page 22
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of expenditure on charitable activities Summary by fund type Restricted Unrestricted funds funds 2025 2025 Total 2025 Sport and educational activities 137,807 977,108 1,114.915 Restricted UnstriCted funds funds 2024 2024 Total 2024 Sport and educational activities 261,503 830, 041 1,091.544 Analysis of expenditure by activities Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Sport and educational activities 897,751 217,164 1.114.915 Activities undertaken directly 2024 Total funds 2024 Support costs 2024 Sport and educational activities 866,524 225, 020 1,091,544 Page 23
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of expenditure by activities Icontinuedl Analysis of direct costs Sport and educational activities 2025 Total funds 2025 Staff costs Activity costs Pitch hire Football kil and equipment Prizes and medals Motor expenses External staff costs Advertising Catering and refreshments MIslIaneOUS 617,229 40,314 121,749 617,229 40,314 121,749 li 32,965 7,067 24,418 15,015 1,185 20,227 17,582 32.965 7,067 24,418 15,015 1.185 20,227 17,582 Total 2025 897,751 897.751 Sport and educational activities 2024 Total funds 2024 Staff costs Activity costs Pitch hire Football kit and equipment Prizes and medals Motor expenses External staff costs 623. 709 49,829 623. 709 49,829 li 112.805 34,255 6.377 27,939 160 112,805 34,255 6,377 27,939 160 Advertising Catering and refreshments MislIaneOUS 2,039 4.162 5,249 2,039 4,162 5,249 Total 2024 866,524 866,524 Page 24
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of expenditure by activities Icontinuedl Analysis of support costs Sport and educational activities 2025 Total funds 2025 Staff costs Depreciation MislIaneOUS Telephone and IT support Print, post and slalionery Bank and credit card charges Accountancy and other services Legal fees Insuran 138,391 289 138,391 289 131 7,105 396 1,061 22,855 6,358 13} 7.105 396 1,061 22,855 6.358 li 2,045 25,000 13,667 2,045 25,000 13,667 HR and recruitment costs Management fees Total 2025 217,164 217,164 Page 25
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of expenditure by activities Icontinuedl Analysis of support costs Icontinuedl Sport and educational activities 2024 Total funds 2024 Staff costs Depreciation MislIaneOUS Telephone and IT support Print, post and stationery Bank and credit card charges Awountancy and other services Legal fees Insuran HR and recruitment costs Management fees Provision for doubtful debts 133.443 289 133,443 289 5, 763 5, 763 li 204 1,008 35.978 4, 784 1,945 3,099 16.400 22,101 204 1,008 35,978 4, 784 1,945 3,099 16,400 22, 101 Total 2024 225,020 225,020 Auditors. remuneration 2025 2024 Fees payable to the Charity's auditor for the audit of the Charity's annu81 accounts 6,000 5,000 Stsff costs 2025 2024 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 681,302 57,820 16,498 685,057 51,563 20.532 755,620 757,152 Page 26
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 staff costs {continued) The average number of persons employed by the Charity during the year was as follows.. 2025 No. 2024 No. Direct charitable Coaches Administration 25 24 35 34 The number of employees whose employee benefits {excluding employer pension costs) exceeded £60,000 was.. 2025 No. 2024 No. In the band £70,001 - £80,000 The key management personnel of the charity comprise the senior staff listed on page 1. The total amoLJnl of employee benefits (including employer pension and national insurance contribulionsl received by key management personnel for their services to the charity was £297,525 (2024.. £273, 615). Page 27
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits (2024- £NIL). During the year ended 31 August 2025, no Trustee expenses have been incuThed (2024 - £NIL). 10. Tangible fixed assets Computer equipment Cost or valuation At 1 September 2024 1,155 At 31 August 2025 1,155 Depreciation At 1 September 2024 Charge for the year 578 289 At 31 August 2025 867 Net book value At 31 August 2025 288 At31 August 2024 577 11. Dobtors 2025 2024 Due within one year Trade debtors Prepayments and accrued income 9,935 52,715 48,545 1.391 62,650 49,936 Page 28
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Creditors: Amounts falling due within one year 2025 2024 Trade creditors other laxalion and social security Other creditors Accruals and deferred income 43,862 16,490 4,313 112,593 31,386 10.775 4,403 170,878 177,258 217.442 2025 2024 Deferred income at 1 September 2024 Resour5 deferred during the year Amounts released from previous periods 116,793 95,730 1116,7931 104.562 116.793 (104,562) 95,730 116,793 Deferred Income relates to income reTrived relating lo the next financial year. Page 29
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Statement of funds statement of funds - current year Balance at 1 September 2024 Balance at 31 Expenditure August 2025 Income Unrestricted funds General Funds 17.289 898.452 {977.1081 161.367) Restrlcted funds Lord Wandsworth 4.080 3.000 8,194 4.080 Age UK Walking Football StreetGames- Youth Intervention Twinning project Premier League Primary Stars Premier League Kicks HAF Projects 12.565 16,119 4,000 50,400 35.000 26,031 115.5651 124,3131 14,0001 132,8981 135,0001 126,0311 17.502 15.274 144,115 {137.8071 21.582 Total of funds 32.563 1.042.567 11.114.915) 139.785) Page 30
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Statement of funds (continued) statement of funds - prior year Balan at I September 2023 Balance at 31 August 2024 Income Exp8nditur8 Unrestricted funds General Funds (646J 847,976 (830,041) 17,289 Restrlcted funds Lord Wandsworth Age UK Walking Football StreetGames- Youth Intervention Twinning project Premier League Primary Stars Premier League Kicks GULP Rothschild 4.080 3,000 8,263 4.080 3,000 8,194 1, 188 2, 500 35,125 39,105 25, 000 foo, 000 38,368 1,333 18,815 (f,257) (2,500) f35. 125) (39, 105) (25,000) {100,000) f38,368) {1,333) (18,815) HAF Projects John Lewis E&E fund Walking football 15.343 261,434 (261,503) 15.274 Total of funds 14,697 1, 109,410 (1,091,544) 32,563 Page 31
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Statement of funds (continued) Fit Chairboys Ipreviously Football Fans In Training) A 12-week lifestyle programme aimed al men aged 35 -65 years old with a waist size of 38 inches or more. Looks to increase knowledge of diet & nutrition, improve lifestyle Chols, increase physical acts'vily levels, reduce weight and waist measurements, and increase engagement in other physical acts'vily. The Keep Moving Forward project is funded by the Sports Council Trust Company Grant and is a mental health recovery and prevention project delivered in partnership with Buckinghamshire Recovery College and Bucks Mind. The program involves sessions., a weekly walking group session and a classroom based session, both of which merge mental health learning whilst getting more active. Premier League Kicks Programme Football sessions that lake place on Friday and Saturday evenings plus a female only physical activity session that lakes place on a Wednesday evening. All sessions largel local young people aged 8-18 years old. Premier League Primary Stars.. Programme that works with primary school teachers to improve their levels of PE delivery. Also provides targeted numeracy and literacy support to pupils using football lo engage. 14. Analysis of net assets between funds Analysis of net assets between funds - current year Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets 288 288 115,603 137.185 1177,2581 1177,2581 21,582 Creditors due within one year Total 21,582 {61,3671 139.7851 Anatysls of net assets between funds - prlor year Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 577 577 15,274 234, 154 (217,442) 249.428 (217,442) Total f5,274 17,289 32,563 Page 32
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Nel incomelexpendilure for the year {as per Ststemenl of Financial Activities) (72,3481 17,866 Adjustments for: Depreciation charges Increase in debtors IncreaSelldecasel in creditors 289 (12,7141 151,0471 289 (23, 120) 51,803 Net cash provided byllused inl operating activities 1135,8201 46.838 16. Analysis of cash and cash equivalents 2025 2024 Cash in hand 74,535 199.492 17. Analysis of changes in net debt At1 September 2024 At 31 August 2025 Cash flows Cash al bank and in hand 199,492 {124.9571 74.535 18. Penslon commltments The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity lo the fund and amounted lo £14,850 (2024 - £12, 794). Contributions lotslling £2,539 (2024 - £3,099) were payable lo the fund at the balance sheet date and are included in creditors. Page 33
WYCOMBE WANDERERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19. Related party transactions The Foundation incurs costs from Wycombe Wanderers Football Club to cover office running costs. For 2025 these amounted lo £13,667 (2024 - £16,400). Al 31 August 2025, Foundation owed the Club £102 (2024 - £3. 163). Page 34