COMPANY REGISTRATION NUMBER: 06053326 CHARITY REGISTRATION NUMBER: 1121596 Exeter City Community Trust Company Limited by Guarantee Financial Statements 31 January 2024 ELLiorr BUNKER LTD Chartered accountants & statutory auditor 61 Macrae Road Ham Green Bristol BS20 ODD
Exeter City Community Trust Company Limited by Guarantee Flnanclal Statements Year ended 31 January 2024 Page Trustees, annual report (incorporating the directors, report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) 14 20 Statement of financial position 21 Statement of cash flows 22 Notes to the financial statements 23
Exeter City Community Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) Year ended 31 January 2024 The trustees, who are also the directors for the purposes of MpanY law, present their report and the financial statements of the charity for the year ended 31 January 2024. Reference and admlnlstrdtive details Registered charity name Exeter City Communty Trust Charity registration number 1121596 Company registration number 06053326 Principal office and registered St James Park office Stadium Way Exeter Devon EX4 6PX UK The trustees J Tagg M L Davey DGtfj P J Goodes R Morshead R W Marsh C Newbery-Jones S Truran H Davey C Harrison A Rothwell (Appointed 19 September 2023) {Appointed 19 March 2024) (Appointed 19 March 2024) Company secretary W Barreti Auditor Elliott Bunker Ltd Chartered accountants & stabjtory auditor 61 Macrae Road Ham Green Bristol BS20 ODD Chief executive officer J Vfftles
Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectors. Report) {contlnuedJ Year ended 31 January 2024 Structure. govemance and management Govemlng document Exeter City Community Trust is a charitable company limited by guarantee, incorporated on January 15, 2007 and registered as a charity on November 14. 2007. The company is exempt under section 60 of the Companies Act 20Cfj from the requirement to use the word 'limited'. The company was established under a Memorandum of Association and is govemed under its Articles of Association. In the event of the company bng wound up members are required to contribute an amount not exceeding £1. The charity changed tts name from Exeter City Football in the Communty on January 26, 2017. Appointment of trustees The management of the charity is the responsibility of the trustees who are elected under the terms of the Articles of Association. Under the lenS of a Service Level Agreement with Exeter City A.F.C. Limited that company is entitled to nomlnate a minimum of two trustees to seNe on the board. It is the responsibilty of the existing trustees to formally indlbci and train incoming trustees about the policies of Exeter Crty Community Trust. The cuent organisation stru(aure of the board of Exeter City Community Trust is the chair with eigm other trustees. Decisions are taken at regular board meetings attended by the trustees. Risk management The tiustees regularfy review and assess the procedures aThJ forniats for risk assessment to ensure Ihal they continue to meet the needs of the charity to fulfi"I tls responsibilities.
Exeter City CommunAty Trust Company Llmited by Guarantse Trustees. Annual Report (Incorporating the Directors. Report) (contlnu8d) Year ended 31 January 2024 Objectives and actlvities 1.1.1 to promote for the benefit of chikjren, young persons and adults within the Area of Benefit, the provision of, or the assistan in the provision of. faalities for educalion and recreation or olher leisure time occupation of individuals who have need of such fal[lieS by reason of their youth, age. infirmity or disablernent. financial hardship or soaal and economic orcutnstances or for the public at large in the interests of social welfare and with the object of improving Iheir condition of life- 1.1.2 to relieve poverty or financial hardship among people living or working wtthin the Area of Benefit, by providing or assisting in the provtsion of education, training. housing management services and other necessary seplices and support with the objeci of improNing their condition of lrfe which they could otherwise not afft)rd through lack of means: 1.1.3 to promote social indusion for the public benefrt by preventing people within the Area of Benefft, from becoming socially excluded. relieving the needs of those who are socialty exduded and assisting them to integrate into society. For the purpose of this clause. 's(Kialiy exduded, means being excluded from society. as a resutt of one or more of the following factors: unemployment., finanaal hardship: youth or old age-, ill health (physical or mental)., poor educational skills or attainment,. relationship and family breakdown, poor housing (that is housing that does not meet basic habitable 5tandards)', crime {either as a victim of crime or as an offender rehabilitating into society). and 1.1.4 to promote. preserve and the proted Ihe physical arKI rnental heath and well-being of people within the Area of Benefft. in particular (but without limitatFon) by providing and assisting in the provision of facilities and activiiies, infomiation and support to improve health and fitness and help people maintain a heathy lrfestyle. The trustees confirm that they have had regard to the guidance contsined in the Chartty Commission's general guidance on public benefit when rewewing the TsrS aims and objeciives and in planning future activities.
Exeter City Community Trust Company Limited by Guarantse Trustees, Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 January 2024 Achievements and perfornmnce Introduction Exeter Cty Community Trust continues lo deliver its missts)n. values. and charitable obje¢lives due to the sound and considered stewardship of the tharity. and the diligence of our Chief Executwe. management team. staff. and volunteers. The charity continues to provide activities and opportuntties for all. As a health and well-being charity. we seek to help people to lead positive. active. and healthy lives, whether that be through sports and physical activity. altemative educational opportunities, or soaal engagement and support. We also aim to use local knowledge and data to support the most vulnerable people in our community al the point of need, whether that be food, provisions and l or shelter. During the period of this report. the L*aJity has ntInued with ils empirical and data-driven approaches to development and engagement to ensure that we are achiewng our objectives whilst helping those most in need in our community to start well. live well. age well. This document - which Govers a timeframe between February 2023 and January 2024 will provide greater detail on the aims. activities, and achievements of the charty during this period. whilsl also outlining some of our key plans for the future. Senior Staff Structure In delivering our strategic and operational plans. each department of the charity is managed by a 'Head of. who oversee the operational management of their direct tearn. whilst working with the Chief Executive to deliver on the tharity's mission and objectives. At the outset of the reporting period. the senior leadership team was made up of the following roles: Jamie Vittles - chief executive Will Barrett- head of charity growth and development Matt Julyan - head of finance and resources Scott Walker - head of participation Danny Harris- head of indusion and wellbeing Kim hIttle- housing operations manager Amy Richards - safeguarding manager In December, 2023. Scott Walker lefi the charity after 23 years of Servi to take on a role with the PFA, resulting in a change to the management structure thal saw all partieipation, indusion and wellbeing work fall under the umbrella of the semces departmenL Jamie Vittles - chief executive Will Barrett- head of charty growth and development Matt Jutyan- head Offinan and resources Danny Harris - head of services Kim Whittle - head of supported housing Amy Richards - safeguarding manager Capability Code of Praclice The Capability Code of Practice is the governing standards for dub Gommunity organisations, set by the Premier League Charttable Fund and the English Football League Trust.
Exeter City Community Trust Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) {¢ontinued) Year ended 31 January 2024 Sino the initial audtt in 2022, Ihe charity development team have continued to work with colleagues across the charity to improve standards acxoss all 15 areas of CCOP. This process of continual improvement assesses the objectives. outwrts, and outcomes for all CCO'S across the following 15 areas.. 1. Structure 2. Affiliated Club 3. Governance and the Board 4. People 5. Strategy and Implementatton 6. Impact 7. Accountabilty and Communicalion 8. Finance 9. Safeguarding 10. Equality Diversity and Inclusion 11. Data Protection 12. Risk Management 13. Health and Safety 14. Incident Reporting 15. Environmental Sustainabilty There are a total of 203 evtdence-based-actions to be completed for this audit, with outcomes scored from Ck720 (Requires Improvement - Exemplary). The initial outcome of this prOsS for the thartty resufted in a score of 585, which is rated 'very good, and through woth conduded during this reF)orting period, the charity is ntxv rated as 'exemplary' with a score of 656. Eleven of the categories are raled as exemplary by the auditor (Structure. Affiliated Club, Governan and the Board. People. Strategy and Implemenlation. Impact, Finance, Data Protection, Risk Management, Health and Safety. EnronMents1 Sustainability). Additionally, whilst no areas were noted as requiring improvement. our dlarity development team continues to assess and create actions to improve the standard of our work across the remaining sections, which include., ArLountability and Communication; Safeguarding. Equality Diversity and Indusion- Incident Reporting. Our aim is to be rated as exemplary across all areas of CCOP. prior to the revision of the model in 2025. New Programmes ASPIRE Aspire is a blended programme aimed at improving schi)ol attendance. reducing time spent in behaviour rooms, igniting inspiration. discussing the beneffts of education and prowding an understanding on the beneffts of exercise. nutrition and managing emotions. A six-week programme. our cohorts are spending three days of the school week with us. participating in a blend of activities. discussing ways to manage and support anxiety, support wellbeing. participate in social action and learn life skills. The guiding principles for the programme focus on resilience. reflection, wellbeing, respect and rapport and community engagement. The pro9ramme is delivered in partnership with the Ted Wragg Trust.
Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) {continuGo) Year ended 31 January 2024 PeerAction Collectlve This fivethyear (national) programme was established to tackte youth Violen and crime in young peop aged 118. ECCT currently hosts five Peer Reseaichers who are delivering between 5-10 hours per week whilst WOrng at SJP as well as in the community. PAC is funded by Ihe Youth Endowment Fund, the #iwill Fund (a joint investment befvieen The National Lottery Communty Fund and the Department for Culture, Media and Sport) and the Co-op Group. Premier League Fans Fund This fund supports fan-focused projects. induding sthemes fow underrepresented groups to further develop an inclusive and welcoming malchday experience for everyone. Through funding fiorn the Premier League. we are working to grow and develop our parasports programme. whilst also working with the dub to deliver a number of activations aimed at engaging the parasports community here at Exeter City Football Club. Exeter City Community Fund This fund was established lo replace bucket collecttons on match days and receives revenue frorn the new Eco Cups. will be supporting six charitsble organisations. These are Exeter City Community Trust, Exeter Communty Inttiatives. Alright Mate? CIC, Exeter Leukaemia Fund, Devon Rape Crisis and Sexual Abuse Services. and Refugee Support Devon. The larget is to raise £2.000 for each recipient charity. As part of the steering group developing and delivering Ihis initiative, we were invited to nominate two charities and selected Iwo of our existing charity partners, Altight Mate? CIC and Exeter Leukaemia Fund. This also served to ensure a diverse range of causes across our communty are supported by this fijnd. Exeter City Women's Walking Football Club November 2023 saw the launch of the Exeter Cty Women's INalking Football Club. who play in official ECFC ktt promded by ECCT. Esiablished by Gillian Burgess. we have worked in partnership lo bring this fast-developing strand of women's football into our broader women and girls, pathway. Currently. the club has three teams and is looking to expand to ensure thal there is an affering from participation through to competitive level. Sports Parlicipation This section of the seprfices department works to encourage L*ildren of all ages behveen three and eighteen to participate in structured, professional sports coaching and physical activity sessions run in safe and secure environments in the Greater Exeter and North Devon areas. Sessions are designed and delivered to improve rnotivation. l-OrdinatIon. health and confidence. Projects indude children's holiday dubs - both football, multi-sport and individual sports, coaching in schools wa eXtra-cUrrilar dubs for primary schools and satellite dubs for secondary schools and community groups. Also provided are curriculum-tlme PE sessions, weekly Grecian Tots clubs for three to six-year-olds, Grecian Kickers for 7-14s, Grecian Girls and Wild Cats (weekty girls on]y football clubs for 5-14s), inter- and intra- sthoovdub toumaments and multi-sport courses. One of our key priorities is to support the national curriculum, and so w8 continue to deliver our Premier League Primary Stsrs programme (PLPS). which aims to supportlup-skill teachers and to offer the thildren more competition opportunities, literacy. numeracy. PSHE and enterprise skills.
Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (¢ontinuedJ Year ended 31 January 2024 The full list of sports participation activities indud8S'. Exwick Sports Hub and Cliff Hill Training Ground communtty bookings Holiday Clubs (Crediton. Exeter. Exmouth. Ilfracombe. Sidmouth) Grecian Kickers Masters small sided football league PL Primary Stars Joy of Moving Tiny Tots waIng Football Man v Fal Football Incluslon & Wellbeing This section of the services department works with people of all ages to provide sporting and educational activities that foster a sense of belonging and personal development through a diverse array of programs and inttiatives. Parasports Our provision for children, young people and adults wrth disabilities continues to grow and develop and we are supporting more players than ever. We have an inclusive offer for all members of our communty who have disabilities led by Para Sport Lead, Dan Hewiit. We are currently delivering the following weekly or bi-weekty SesSns= Adult Disability Football Youth Disability Football Down's Syndrome Youth Football Blind Football PL Kicks Disability Youth Football Deaf Football - 11 a-side adutt team Neuro Walking Adult football (Parkinson's and Dementia) Disabilwty Afterschool dubs Opportunity Club (fflental health) In addition to the above sessions. we continue to deliver holiday clubs for children and young people wtth disabilities. These clubs provide a safe environment and the opportunity for children lo thrive and feel part of something special. They are usual]y one to two days long and support physical and mental wellbeing as well as social interaclion. Wellbeing Exeter The Wellbeing Exeter partnership is funded through the Sport England local delivery pilot. The initiative is funding a network of rA)mmunity support workers (including cornmunty conneclors and builders) and the four Communty Physical Actimty Organisers (CPAOS) who are hosted at ECCT. They each cover a designated area of the cty with a focus on increasing physical activity for residents. We are waiting for Exeter Ctty Council and Sport England to confimi investment from March 24 onwards and initial discussions are posttwe. We are working with Co-Lab and ECI to work in partnership to deliver from March 2024 and were involved in a recent wsit by Sport England and were able to share the importance of Wellbeing Exeter and the CPAO ioles. Extra Time Hub - Social Café and Sporting Memories The Extra time hub supports people over the age of 50 who are at risk of loneliness andlor struggle
Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (continuedj Year ended 31 January 2024 with their mental healih. They visit the social café to meel new people and try something new. We regularly have 15-20 people attending each week. showing positive growth on the numbers shared in our previous reporting period. whilst the sporting memories sessions have a core group of 50 participants, with 30 attending the sessions on a weekly basis. Both groups have enjoyed several trips in the past year to places such as Dartmoor and the Royal Albert Memorial Museum and Art Gallery as part of our Cesign approach to session and acttvity planning. Fit Fans Fit Fans is a tier Iwo weight management programme, licenced by the EFL Trust and funded by Publi Health Devon that seeks to support men reaching their weight and wellbeing goals. As the programme drew to a close during this reporting period we were delighted to continue wf(h a record of more than 90°A of all participants achiewng a target of 5% reduction in their body weight and consistent posittve improvements on the programme's adopted mental health and wellbeing scale. Chances Exeter Chances is an intervention for young people who are disengaged from education. We are now in the final year of the project and are once again al capacity. We work with se(xJndary schools in Exeter to educate teachers on the purpose of the programme who then refer students to us. We also receive referrals from speaalisl poli intervenlion OffirS who work wtth young offenders who aren engaging with school. These children and young people will have various challenges fiom truancy to exdusions. We have been working with Substance to capture perfomiance and end of year largets which have all been achieved. and remain hopeful that there may be a further extension to thts impactful programrne for 2024 and beyond. Holiday Actlvltles and Food (HAF) Now in our third year of partnership with Devon County Councifs Early Years and ChildeAre Services team to deliver the Holiday Activities and Food programme in the Easter, Surnmer, and Christmas Holidays, the programme continues to support children and young people on benefrt-related free school meals. and educational heatthcare plans, providing four hours of physical activity a day, plus a hot nutritious meal. with activtties being held at Haven Banks Outdoor Education Centre. Willowbrook Primary School. and in Ilfracombe across a total of 24 days throughout the year. Opportunity Club The Opportunity Club is a weekty football session for the homeless community. those with mental health issues, and people recovering from alcohol andlor drug addiction. We are regularly getting 15 people attending each week. whth indudes residents from our supported housing servi. We also attended a tournament hosted by the Devon FA in November. which allowed players to compete against teams from across Devon. Premier League Kicks PL Ktcks started in 2006 and has a long history of using the pcmier of football and the value of sports participation to help youngsters in some of the most high-need areas. The vision for the programme is to inspire children and young people to achieve their potential and improve their wellbeing.. working together to build stronger, safer and more inclusive communittes. We now run free weekly sessions at West Exe School, Cranbrook Educational Campus. St James S¢hool and Wonford Sports Centre and engage with 15Ck200 different young people weekly. We also hosted a 'Street Soccer Event, at St James Park which was a fantastic success with around 1 CKJ young people taking part. In the coming months we will be offering more opportunities on top of the football sessions to include soaal action and youth vol. We will also be taknng a team to both the 'Kicks Cup. and the 'Disabilty Festival, both of whith will be arranged by the PLCF.
Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (conllnu8dJ Year ended 31 January 2024 Achievements and perf0mnCe (conllnvedj Education Football Coaching Development Degree (Exeter College J Marion) The football coaching and development foundation degree is a two-year full-time course which focuses on the theoretical concepts of coaching and development in football. There are currently 14 students on the course, across the two years. Foundation degree students this year have been given the opportunity to play in the CEFA league. if they are under 19. Two of the cohort are now supporting the delivery of Ihe CEFA training sessions for the 16-19 year old learnèrs. which is an ideal way for them to gain additional coathing experience. Futsal Academy and CEFA (Community Education Football Alliance During this peTiod. the charity continues to partner with Exeter College to deliver a hybrid version Df Futsal and 11-a-side football, to ensure students take part in a decent number of games over the year. Exeter College has remarked how successfiJl the course was last academic year with student attainment and engagement. We have now entered one of the CEFA teams in the top tier dtvision, which has made the games programme considerably harder. but something that both ourselves and the College were keen to do. We have 52 sludents engaged in the programme. Teignmouth Development Progrdmme This programme. which provides students with an education ihal can lead on to universty whilst also providing them with Ihe chance to train and compete in a professional football environment. is continuing at Teignmoulh Community School and will see one leam playing in the EFL CEFA 11 a side league. which is the same games programme as the Exeter College programme above. The University of South Wales: Sports Business and Management Degree Delivered in collaboration between the EFL Trust, Club Communty Organisations, and the USW, this degree provides leamers the opportunty to study in the workplace of a professional organisation through fonnalised affiliation with a professional sports club. Lectures are produced by USW stsff, with students studying these materials remotely, both at home and in the dub's leaming environment with the support of an appointed rnentor. Within the dubECCT. Sucsful applicants will undertake placements of 4-8 hours per week in year 1 and 7-14 hours per week in years 2 and 3. These eXperIenS will mainty be working vrithin the remit of the dublCCO and will provide practical experience of working within the sports business and management industry. Participanls may also get a wider experience through opportunities via the dublEccfs sponsors and partners. Students will also attend USW up to three tirnes per year for residential study visits. This programme began in full in September 2023. with two students making up the initial (x)hort. Our plan is to learn from this first full year and treble the number of students attending from September 2024. Women and Girl's Football The Charty continues to provide a sUsSful pathway for female players into local college football academies. universtty teams and wixnen's dubs. We remain part of the EFL TNSUFA Female talent indusion programme, which is designed to support young girls from disadvantaged communities in reaching their potential. This funding can be utilised lo support disadvantsged females and help them get on the regional and national FA talent pathway. Our Emerging Talent and Girls. Development Centres fomi a core part of this work, and sees staff operating across all age-groups from the delivery of Tots sessions to management of Ihe women's, first team. In support of our mission to broaden particapation and the pursuil of excellen, we have also entered an U16s age group into the Junior Premier League for the first tirne this season in a bid to drive
Exeter Clty Community Trust Company Limited by Guarantee Trustses. Annual Report (Incorporating the Directors. Report) (contlnued) Year ended 31 January 2024 Achievements and perfommnce {¢ontsnued) development and to close the gap belween youth and sevIe team football. On the pitch the first team is performing well. Al the time of writing, we are top of the FA Wornen's National League. Division One South West. vthilst the development squad is p8rfonning well in the Devon Women's League. The ambition for the season is for the first team to win the dÉvision and the promotion that they narrowly lost out on last season on goal difference. Off the pitch, the club has On again received increase support from Exeter City Football Club, with both increased financial investment and additional games scheduled to be played at Sl James Park. Public Events Running The running programmes is designed to facilTiate physical development and activity, whilst providing opportunities for participants to raise funds for ECCT and our partner charities (Exeter Leukaemia Fund. Alright Mate? Julian House. and Children's Hospice Souih West). Our Djnning season. which wns from October to June each year is now comprised of six core events.. The Halloween Ftve and 10 Mile (October) The Exeter Santa Run (December) The Exeter Halt Marathon (February) The Granite Way 10 and 20-milers (Marth) The Exeter Live Better Marathon (May) The 10k River Exe Run (June) As with last year. we are seeing an increase in participation levels. and may now look to add additional events to the calendar to widen opportunities for participation and charitable fijndraising. Junior Grecians & Match Day Activltles The Junior Grecians and Match Day Activities continued to show F)OSitive growth during this period. with increased membership numbers and waiting lists for match days growing. As of DeMber, Exeler Cty Football Club will be taking both these programmes in-house. We will ntinue to work with the dub through to the end of Ihe 2023r24 season to oversee the administration of these programmes. prior to a full handover in May 2024. Supported Housing Our specialist housing setvice continues to help and support vulnerable people who are at risk of being homeless or have experienced homelessness by providing Ihem with the opportunity to live in their own home and prepare for independent Ir¥ing. The homes in the scheme are the responsibilty of a registered housing association, who prowde the supported living accommodation for vulnerable people and families. They have been refurbished to a high standard and all either meet or exceed building regulatson standards. Much of the provision retains its focus on assisting the residenls in developing the skills lo maintain a tenancy through a personalised plan, which helps them to sustain a tenancy and enables them to onlribute to the communtty and to socÉety in a positive way. Residents are also provided wtth help and guidance in areas such as budget management, job hunting and healthy living advice. 10
Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (continuedj Year ended 31 January 2024 Achlevements and perfomiance (conlInu3 The programme currently supports 105 senrf1 users. Refeffals for this programme ntinUe to be managed by the supporting housing team. with the referral pathway being supported by Exeter City Council and other organisations in the region set up to support those who are homeless or at risk of homelessness. Flnanclal review The net incoming resources for the perKxJ were £321,668 {2023: £412.973) resulting in acMulated funds carried forward of £1,604.917, of which £1,055,719 (2023: £966.142) are unrestricted funds. Free reserves at the year end, after alknying for unrestrided funds represented by fixed assets and the designated Facility Fund balance of £510.887. have been calculated at £526,171. At current actiwty levels this represents approximately 6.9 months of staffing and operating costs. The trustees will continue their efftirts lo maintain unrestricted funds in accordan with the charity's reserves policy (see below) in order that the Ttust's increasing range of actNilies, both in temis of scope and geographical coverage. are supported by a strong financial base. Reserves policy The Charity shall establish and maintain a reserve target that reflects its ffinancial needs, risk toleran, and long-tem goals. The reserve target shall be reviewed regularly and adjusted as necessary to align with the Chartty's changing rjMslans. To this end, the trustees aim to have six months, worth of staffing and nOnal operating costs in resetve when practicable. 11
Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) {eontinuedJ Year ended 31 January 2024 Plans for future perlods The charity will continue to deliver indusive health. sports and physical activty related projects which provide educational inclusion opporturiities for children, young people and adults at the point of need. This approach will conlinue to be strengthened by our commitment to monitoring. evaluation and impact, which will enable us to fvrther understand the needs of our communty with greater precision. This work will feed into the development of our 'Strategy 2025-203¢Y. which will outline the strategic vision, operational plan. and theory of change model for the organisation over the stated period. One of the key drivers for the strategy is the KGV project, which seeks to develop a health and wellbeing hub in a key strategic area of Exeter. This hub will be supported by the development of an AGP playing surface and supporting play zones and grass pilth sporting infrastructure. As of the time of this report. the tharty is working with key stakeholder and the local authority to drive Ihe project foward. The next steps will indude exploring a lease agreement for the site and a subsequent communty consultation to ensure that the hub and Suound1ng infrastructure are developed to meet the health and wellbeing needs of the community alongside maintaining the core principles applied to King George V playing fpkls auoss the country. Alongside plans to develop facilities, Altemative EducatKJn will continue to be one of the core emerging pillars of the tharitses work in the communty. When assessing need and demand for services that align with our chaiitable objectives alongside our continuing partnerships with local education providers - it is clear that ECCT will wish to play an important role in addressing the societal challenge of ensuring that all children and young people have the best education possible. Within the theme of atternative education. Advantage Mentoring is a mentoring programme for young people who are faang challenges with their mental health will provide a safe space to engage in low intensity activities on a one-tcFone basis to build a positive relationship wlh an adult that isn't a professional, parentlguardian or teacher. The delrvery of this programme has been delayed whilst Advantage work the NHS to secure fvnding. With fvnding secured. we aim to begin delivering this programme in February 2024. A Tnjsted Adutt Programme is set to begin in February 2025. We will be one of 12 dubs across the country delivering this mentoring programme which aims to tackle youth violence and crime. This works by having two groups of 15 young people wtth a background of youth violence and crime. One group recerve the Teammates intervention and the other group attend other piogrammes within the charty. We then measure the outcomes over a six-month period to show the impad the intervention has had ¢ornpared to no no Mitervention. Moving forwards, the charity will maintain ils mission to help people to start well. live well, and age well. whilst also championing the philosophy of football for all in the community. Trusteos, responsibilities statsment The trustees, who are also directors for the purposes of company law, are responsible for preparing the truslees, report and the ffinancial statements in accordance with applicable law and United lQngdom Accounting Standards {United Kingdom Generalty Accepted Accounting Practi). 12
Exeter City Communlty Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (contlnu Year ended 31 January 2024 Company law qUireS the charity trustees to prepare financial staternenls for each year which give a true and fair view of the slate of affairs of the charitable company and the incoming reSoUrS and application of resources. induding the inrne and expenditure. for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistenty,. observe the methods and principles in the applicable Charities SORP., make judgments and acunI1ng estimates that are reasonable and prudent. prepare the financial ststements on the going conrn basis unless it is inappropriate to presume that the charity wll continue in business. The trustees are responsible for keeping adequate accounting tecotds that are sufficient to show and explain the charitys transactions and disdose with reasonable accuracy at any time the financial posilion of the charty and enable them to ensure that the finanaal statements comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the charily and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who is a truslee at the date of approval of this teport confirms that: so far as they are aware, there is no relevant audit infonnation of which the charitys auditor is unaware" and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. Small company provisions Tris report has been prepared in accordan with the provisions applicable to companies entitled to the small companies exemption. The trustees. annual report (incorporating the directors, report) was approved on 27 August 2024 and signed on behaw of the board of trustees by: J Tagg Trustee fr7K 13
Exeter City Community Trust Company Limited by Guarantee Independent Auditorfs Report to the Members of Exeter City Community Trust Year ended 31 January 2024 Opinion We have audited the financial statements of Exeter Cty Communty Trust {the 'charity? for the year ended 31 January 2024 which comprise the statement of financial activities (Including income and expendiiure account). statement of finanal posttion, statement of cash flows and the lated notes. induding a summary of signrficant accounting policies. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financtal Reporting Standard applicable in the UK and Republic of Ireland (United Kingdorn Generalty Acwted Accounting Practice). In our opinion the financial statements- give a true and fair vrew of the state of the charty's affairs as at 31 January 2024 and of its incoming resources and application of resources, including its in(x)me and expenditure, for the year then ended" have been properly prepared in accordan with United lfjngdom Generally Accepted Accounting practi,. have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Slandards on Auditing (UK) {ISAs (UK)) and applicable law. Our SPonSibl11tieS under those standards are further described in fthe auditols responsibilities for the audtt of the financial statements section of our report. We are independent of the charity in accordance wtth the ethical requirements that are relevant to our audti of the financial statements in the UK. induding the FRC'S Ethical Standard. and we have fvlfilled our other ethical responsibilities in accordance wtth these requirements. We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial sLqtements, we have conduded that the tTUStees' use of the going c[)nrn 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 condthons that, individually or collectively. may casl significant doubt on the chaiitys ability to continue as a going concern for a period of at least twelve months from when the ffinancial statements are auihorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going COnM are described in the relevant sections of this report. 14
Exeter City Community Trust Company Limltsd by Guarantee Independent Auditorfs Report to the Members of Exeter Clty Community Trust (¢ontinueO) Year ended 31 January 2024 Other infomiatlon The other information comprises the infom)ation included in the annual report. other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other infortnation and, exp1 to the extent othetwise explicitly stated in our report. we do nol express any form of assuran conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read Ihe other information and. in doing so, consider whether the other irrfomiation is materially inconsistent with the finan81 statements or our knowledge obtained in the audst or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misststements. we are required to determine whether there is a material misstatement in the finanaal statements or a material misstatement of the other infonnation. If, based on the Vrk we have performed, we conclud8 that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in Ihis iegard. Opinions on other matters prescribed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audii". the information given in the trustees. report for the financial year for which the financial statements are prepared is conststent with the financial statements: and the trustees. report has been prepared in accordance ivith applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and it5 envtronment obtained in the course of the audit, we have not identtfied material misslatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you rf. in our opinion.. adequate accounting records have not been kept. or returns adequate for our audtl have not been received from branches not Vistled by us" or the financial statements are not in agreement wilh the accounting records and retums. or ertain disdosures of trustees. remuneration specified by law are not made., or we have not reiVed all the information and explanattons we require for our audit: or the trustees were not entilled to prepare the finanaal statemenls in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. 15
Exeter City Community Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Exeter City Communlty Trust (contlnu Year ended 31 January 2024 Responsibilities of trustses As explained more fulty in the trustees. responsibilities statement. the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they grve a true and fair view, and for such internal control as the trustees detemine is necessary to enable the preparation of financial statements that are free from material misstaternent, whether due to fraud or error. In preparing the financtal statements. the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing. as applicable, matters related to going concem and using the going concern basis of accounting unless the trustees etther intend to liquidate the charty or to cease operations, or have no realistic aftemative but to do so. 16
Exeter City Community Trust Company Limited by Guarantee Independent Auditorfs Report to the Members of Exeter Clty CommunSty Trust (condnuedj Year ended 31 January 2024 Auditorfs responsibllities for the audlt of the fJnaTrcial statements Our objectives are to obtain reasonable assurance ab¢)ut whether the financial ststements as a whole are free from malerial misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assuran is a high level of assurance, but is not a guarantee that an audit conducted in accordan with ISAS (UK) will aayS detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonabty be expected to Influe[ the enoMiC decisions of users taken on the basis of these financial stalements. 5rregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibiltlies, ouuined above, to detect material misstalemenls in respeGt of irregularities, induding fraud. The extent to which i)ur procedures are capable of detecting irreguLgrities, inciuding fraud is detailed below: Key audit matters: our assessment of risks of material misstatement Key audtt matters are those matters that in wr professional jgernent were of most sign[fiCan in the audit of the financial statements and include the most signrficant assessed risks of material misstatement (whether or not due to fraud) identified by us, induding those which had the greatest effect on the allocation of resources in the audtt, and directing the efforts of the engagement team. There are no key areas identtfied as the audit is very low risk with nomal audit procedures adequate in all audit areas. We agreed to report to the board of trustees any coThected or Unc0ected identified misstalements. Identifying and reporting of rlsks of materfal misststement due to fraud To identify risks of material misstatement due to fraud we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunty to commit fraud. Our risk assessment procedures included: Enquiring of the Chief Executive Officer and the trustees and inspection of key papers provided to thase charged wtth governance as to high level policies and procedures to prevent and detect fraud. Reviewing the minutes of Trustees. meetings. We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit. As required by auditing stsndards, and tsking into account possible pressures to meet targets and our overall knowledge of the control environment, we performed procedures to assess the risks of management override of controls. To address the petvasrve risk as it related to management override of controls, we reviewed material ioumal entries and agreed these to supporting documentation where appropriate. Identifying and responding to risks of material misststement due to non-compliance with laws and regulations We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial ststements from our general commercial and sector experien and through discussion with the general manager and trustees. As the chafty is regulated. our assessmenl of risks involved gaining an understanding of the control environment induding the entitws procedures for cDmplying with regulatory requirements. 17
Exeter City Community Trust Company Limited by Guarantee Independent Auditorfs Report to the Members of Exeter City Community Trust (contlnuedj Year ended 31 January 2024 We communicated identified laws and Tegulations throughoLrt our team and remained alert to any indicalions of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably- first, the charity is subject to laws and regulations that directty affect the financial staternents including financial reporting regulalion (Including related companies regulation). taxalion legislation (payroll taxes) and pension legislation and we assessed the exlent of compliance with these laws and regulations as part of our procedures in the audtt areas relevant to these items. secondly. the charity is subject to many other laws and regulations where the Consequen of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the impostlion of fines or litigation. We identified the following areas as those most likely lo have such an effect: Health and safety laws. Food and hygiene regulations. Laws relating to working with, and the safeguarding of. young people and vulnerable adutts. Auditing standards limit the required audit procedures to identify non-complian with these laws and regulations to enquiry of management and trustees and inspedion of regulatory and legal orrespondence. rf any. Therefore, rf any breach of operational regulations is not disclosed .to us or ewdent from relevant COespondenCe, an audit wll not detect that breath. Llmitallons to the abillty of the audit to dotect frdud or breaches of laws and regulation Owing to the inherent limitatron of an audit, Ihere is an unavoidable risk that we rnay not have detected some material misstatements in the finanaal statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements. the less likety the inherentty limited prOdureS required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of fraud. as this may involve collusion, forgery. intentional omissions, misrepresentations. or the override of intemal controls. Our audit prOdureS are designed to detect material misstatement, and therefore we are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibiliiies for the audit of the financial statements is located on the FRC'S website at bvww.frc.ory.Uk/auditor&sp0SIblI11Ies. This description forms part of our auditorfs report. As part of an audii in accordance with ISAS (UK), we 8xer¢ise professional judgment and maintain professional scepticism throughout the audit. We also- Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error. design and perform audti procedures responsive to those risks, and obtain audtt evidence that is SLrffiGient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fra is higher than for one resulting from error. as fraud may involve collusion. forgery, intentional omissions. misrepresentations. or the override of internal control. 18
Exeter City Community Trust Company Limited by Guarantee Independent Auditorfs Report to the Members of Exeter City Community Trust Icontlnu8d) Year ended 31 January 2024 Obtsin an understanding of intemal Control relevant to Ihe audit in order to design audit prOdureS that are appropriate in the cirCumstans. but not for the purpose of expressing an opinion on the 8ffectpieness of the internal control. Evaluate the appropriateness of acc(yJnting poliejes used and the reasonableness of aoUntIng estimates and related disclosures made by the twstees. Condude on the appropriateness of the trustees, use of the going conrn basis of accounting and, based on the audtt evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors report to the related disdosures in the finanrial statements or. if Such disclosures are inadequate, to modify our opinion. Our condusions are based on the audit eviden obtained up to the date of our auditorfs report. However. future events or conditions may cause the charity to ase to continue as a going concern. Evaluate the overall presentstion. stnjcture and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transaction5 and events in a manner that aGhieves fair presentation. We communicate with those charged with governare regarding, among other matters. the planned scope and timing of the audit and significant audtt findings. induding any significant defictenaes in inlemal control that we identify during our audit. Use of our report This report is made solely to the charivs members. as a body. in accordan with Chapler 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the charty's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charws members as a body. for our audit work. for this report, or for the opinions we have fomied. Paul Cridland (Senior Statutory Auditor) For and on behalfof Elliott Bunker Ltd Chartered accountants & statutory auditor 61 Macrae Road Ham Green Bristol BS20 ODD 3 September 2024 19
Exeter City Community Trust Company Limited by Guarantee Ststement of Financial Activities (including income and expenditure account) Year ended 31 January 2024 2024 Restricted fvnds Totsl funds Total funds 2023 Unrestricted funds Income and endowments Donations and legaaes Charitable activities Other trading activities Investment income 341.840 667,698 {1) 17.566 589,308 651,509 931,148 1.319,207 566 17.566 1,172,494 939,014 18,395 2,949 2,132,852 Total income 1,027.004 1.241,483 2,268.487 Expendlture Expenditure on tharitable activities Total expenditure 909.080 1.037.739 1.946.819 1.719,879 909,080 1.037.739 1.946.819 1,719,879 Not Income 117,924 203,744 321.668 412,973 Transfers between funds (28.347) 28,347 Net movement in funds 89.577 232,091 321,668 412,973 Reconciliation of funds Total funds brought forward Total funds Caled forward 966,142 317.107 1.283,249 870.276 1.055,719 549,198 1.604,917 1,283,249 The statement of finanaal activtties indudes all gains and losses recognised in Ihe year. ASI income and expendtlure derive from continuing activities. Thè notss on pages 23 to 37 forni part of these financial statsmgnts. 20
Exeter City Community Trust Company Limited by Guarantee Statement of Financial Posltion 31 January 2024 2024 2023 Flxed assets Tangible fixed assets 16 19,563 17,957 Current assets Debtors Cash at bank and in hand 17 255,168 1.870,342 463,041 1,232,217 1,695,258 2.125,510 Creditors: amounts falling due within one year Net current assets 18 540,156 429.966 1,585,354 1,265,292 Totsl assets less current liabllities 1,604.917 1.283.249 Net assets 1,604.917 1.283.249 Fund8 of the charity Restricted funds Unrestricted funds 549.198 1,055.719 317,107 .142 Totsl charity funds 21 1.604.917 1,283.249 These finanGial statements have been prepared Tn a(Ordan with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of twustees and authorised for issue on 27 August 2024. and are signed on behaFf of the board by.. J Tagg Trustee PJGOO Trustee The notes on pages 23 to 37 to part of these financial Ststgments. 21
Exeter City Community Trust Company Limited by Guarantse ststement of Cash Flows Year ended 31 January 2024 2024 2023 Cash flows from operdtlng activitses Net income 321.668 412,973 Adjustm&nts for Depreciation of tangible ffixed assets Other interest receivable and SImar income Accrued expenses 10,029 (17,566) 42.821 12,362 (2,949) 5,177 Changes in.. Trade and other debtors Trade and other creditors 207.873 67,369 (264,798} (100,0671 62,698 Cash generated from operations 632.194 Interest reiVed 17.566 2,949 Nèt cash from operating actrvibes 649.760 65,647 Cash floTs from investing activities Purchase of tangible assets Net cash used in investing activities {11,635) (11.635) (7,943) (7,943) Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 638,125 1,232.217 57.704- 1.174,513 1.870,342 1.232,217 The notes on pag8$ 23 to 37 fonn part of these financial statements. 22
Exeter City Community Trust Company Limitsd by Guarantee Notes to the Financial Statements Year ended 31 January 2024 General infomiation The charity is a publrc benefft entity and a private company limited by guarantee. registered in England and Wales and a registered chartty in England and Wales. The address of th8 registered office is St James Park. Stsdium Way. Exeter. Devon. LX4 6PX. UK Statsment of compllance These financial statements have been prepared in compITan with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Slatement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charit5 SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparnllon The financial statements have been prepared on the historical cost basis, as modffied by the revaluation of rtain financial assets and liabilities and investment properties measured at fair value through income or expendrture. The ffinanal statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertainties about the charitys ability to ntinUe. Judgements and key sources of estlmation uncertainty The preparation of the finanaal statements requires management to make judgemenls, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, induding expectations of future events that are believed to be reasonable under the arcumstances. We confinn that there are no significant estimates and judgements. Fund accounting Unrestricted fijnds are available for use at the disuetion of the trustees to further any of the charity's purposes. Restricted funds are subjected to restrictions on their expendTiure declared by the donor or through the terms of an appeal, and fall into one of two sub-dasses.. restricted income funds or endowment funds. 23
Exeter City Community Trust Company Llmited by Guarantee Notes to the Financial Statements (continu8dJ Year ended 31 January 2024 Accounting pollcles {¢Onlinue Incoming $OUr¢e5 All income is induded in the statement of financial activrties when entitlement has passed to the charty, it is probable that the economic benefits associated with the transaction will flow to the Charity and the amount can be reliably measured. The following specific policies are applied to particular categories of in¢ome: - income from donations or grants is recognised when there is eviden of entitlement to the gift, receipt is probable and its arnount can be measured reliably. income from contracts for the supply of services is recognised with the delivery of the contracted servi. This is classtfied as unrestricted funds unless there is a contractual requirement for it to be spent on a parti(JJlar purpose and retumed rf unspent. in which case ti may be regarded as restrtcted. Resources •xpended Expendtlure is recognised on an afxtuals basis as a liability is incued. Expendrture includes any VAT which cannot be fully recovered, and is ctassified under headings of the statement of financial activtties to which it relates.. expenditure on charitable activtties includes all costs inCued by a charity in undertaking actiVTties that further its charitable aims for the benefrt of tts beneficiaries. induding those support costs and costs relating to the governan of the charity apportioned to charftable activities. All costs are allocated to expenditure t2tegories reflecting the use of the resource. Direct costs attributable to a single acttvty are allocated directly to U)al activity. Shared costs are apportioned between the activities they o)ntribule to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are inrtialty recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent acKumulated impairmenl losses. An increase in the carrying amount of an asset as a resuR of a revalualion, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expendtture within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is sh¢)wn wtthin other recognised gains and losses on the statement of financial aGlivities. 24
Exeter City Community Trust Company Limlted by Guarantee Notes to the Financial Statements (¢ontinue Year ended 31 January 2024 Accounting policles (eottthju Depreclatson Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as folk)ws: Plant and machinery Computer equipment Motor vehicles Equipment 25% straight line 25% straight line 25% straight line 20r830h straight line Impaimient of red assets A review for indicators of impairnient is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impainnenl lesting, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest idenlifiable group of assets that indudes the asset and generates cash inflows thal largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. the goodwlil acquired in a business combination is, from the acquisition date. allocated to eath of the cash_generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabiltties of the charity are assigned to those units. Financial instruments A financial asset or a financial liabilty is recognised only when the entity becomes a party to the contractual provisions of Ihe instrument. Basic financtal instruments are initially recognised at the amount receivable or payable including any related transaction rstS. unless the arrangement constitutes a finanang transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or reiVed and not discounted. Financial assets that are measured at o)st or amortised o)st are reviewed for objedive evidence of impairment at the end of each reporting date. If there is objectNe eviden of irnpairment, an impairment loss is recognised under the appropriate heading in the slatement of financial activities in which the initial gain was recognised. Any reversals of impainnent are recognised immedialely. to the exlent that the reversal does not result in a carying amount of the financial asset that eXedS what the Carrying amount would have been had the impairnient not previously been regnised. 25
Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2024 Accountlng poll¢ies (¢ontsnued) Defined contribution plans Contributions to defined conlribution plans are reo)gnised as an expense in the period in whiGh the related Serv[( is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future paymenls or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liabilty is measured on a discounted present value basis. The unwinding of the discount is reGognised as an expense in the period in which f( arises. Limited by guarantse The trust is a company fjmited by guarantee and has no share capital. In the event of the charity being wound up the liabilty in respect of the guarantee is lirnited to £1. Donallons and legacios Unrestricted Funds Restricted Total Funds Funds 2024 Grants EFL Trust.. Core funding Education Sports participation Social indusion Health and wellbeing Other 35,000 5.950 105,859 292,875 311,561 27,939 5,950 30,916 14.085 144.739 27.939 74.943 278,790 166.822 Sponsorship Sponsorship 10,750 59,334 70,084 Other donations and legacles Donations 72.461 9,419 81,880 341.840 589.308 931,148 Unrestricted Funds Restricted Total Funds Funds 2023 Grants EFL Trust.. Core funding Education Sports participation Soaal inclusion Health and wellbeing Other 35,0(Y) 8,000 20,328 285,356 100,707 12.097 35,OCX) 8,000 92,918 650,709 296,723 20,097 72,590 365,353 196,016 8,000 26
Exeter City Community Trust Company Limited by Guarantse Notes to the Financial Statements (condnuedj Year ended 31 January 2024 Donations and legacies (contlnu•d) Unrestricted Funds Restricted Totsl Funds Funds 2023 SponSohlp Sponsorship 13.500 35.663 49,163 Other donations and legacies Donations 12.093 7,791 19,884 487,081 685.413 1,172,494 Charftable a¢tlvitles Unrestricted Funds Reslricted Total Funds Funds 2024 Education Sports parttcipation Social indusion Health and wellbeing Other income 152,964 370.374 43,874 82,973 17.513 152,964 431,851 629,871 83,008 21,513- 61,477 585,997 35 4.000 667,698 651,509 1.319,207 Unrestricted Funds Restricted Total Funds Funds 2023 Education Sports participation Social inclusion Heallh and wellbeing Other income 159.445 310,559 {954) 59,171 10,372 159,445 365,139 344,716 59,342 10,372 54.580 345,670 171 538.593 400.421 939,014 Other trdding aclivities Unrestricted Funds Restricted Total Funds Funds 2024 Fundraising events (1)) Unrestricted Funds Restricted Total Funds Funds 2023 Fundraising events 18.395 18.395 27
Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statements f¢ontinuedJ Year ended 31 January 2024 Investment income unstrICted Total Funds UnS1Cled Total Funds Funds 2024 Funds 2023 Bank interest receivable 17.566 17.566 2.949 2,949 Expenditure on charltable actlvities by fund type Unrestricted Funds Restricied Total Funds Funds 2024 Education Sports participation Social inclusion Health and wellbeing Grant paid Support costs 38,798 324.178 136.733 176.872 38,798 495,054 610,914 314,380 170.876 474.181 137,508 232.499 255.174 487,673 909.080 1.037.739 1,946.819 Unrestricted Funds Restricted Total Funds Funds 2023 Education Sports participatton Social inclusion Health and wellbeing Grant paid Support costs 49,134 233,131 172.302 146,130 50,000 198.491 49,134 351,187 580,379 281,820 50,000 407.359 118.056 408.077 135,690 208,868 849,188 870,691 1.719,879 28
Exeter City Community Trust Company Limited by Guarantee Notes to the Financlal Statements (coniinueo) Year ended 31 January 2024 10. Analysls of support costs 2024 2023 Administrative salaries induding employefs Nl Staff pensions Staff training and COnferenS DBS checks Motor and travel expenses Advertising and promotion Telephone and intemet Computer support and website Printing. stationery and postage Heat and light Rates and water Insurance 92,855 21,646 2,029 570 46,653 92,705 18,497 2,374 850 34,177 11 120.219 1.693 5,176 2.177 10.046 71 1.586 85,914 3,310 3,250 2,261 7,349 136 1,711 Repairs and maintenance Cleaning Fundraising expenses Financial management Bank charges Sundries Depreciation Legal. consultancy and professional fees 3.321 3,021 16,704 3,125 10,463 67,318 5,254 18,398 4,424 20,303 68.539 5,484 28.918 5.370 60.204 479,578 398,523 Govemance costs Legal fees Audit fee 2.300 5,795 3,106 5.730 487.673 407,359 11. Analysis of grants 2024 2023 Grants to institutions The Exeter Foundation 50,000 Total grants 50,000 12. Net income Net income is stated after ¢hargingl{crediting)'. 2024 2023 Depreciation of tangible fixed assets 10.029 12,362 29
Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statements (COnllnuÈdJ Year ended 31 January 2024 13. Auditors remuneratlon 2024 2023 Fees payable for the audit of the financial statements 5.795 5,730 14. Slaff costs The total staff costs and employee benefits for the ieporting period are analysed as follows: 2024 2023 Wages and salaries Employer contributions to pension plans 1,297.143 21.646 1,129,776 18,497 1,318.789 1,148,273 The average head count of employees during the year was 88 (2023: 76). The number of employees whose remuneration for the year fell within the following bands. were.. 2024 2023 No. No. £60,1YJO to £69.999 Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £78,620 (2023." £58.923). 15. Trustee remuneration and expenses No remuneration or other benefiis from employment with the charity or a related entity were received by the trustees. No expenses were reimbursed lo the trustees during the year (2023: £nil). 30
Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statements (eontinued) Year ended 31 January 2024 16. Tangible fixed assets Freehold Plant and Computer propety machinery equipment Motor vehicles Equipment Total Cost At 1 Feb 2023 Additions 44.008 4.368 48,087 6,053 1.845 12.267 1.214 1(,208 11,635 117,843 At 31 Jan 2024 48.376 54,140 1.845 13.481 Depreciation At 1 Feb 2023 ChaTge for the year 37.960 38,021 1.845 10.425 88,251 3,462 5.495 1.072 10,029 At 31 Jan 2024 41.422 43.516 1.845 11.497 98,280 Carrying amount At 31 Jan 2024 10,624 1.984 19,563 At 31 Jan 2023 6,048 10.066 1,842 17.957 17. Debtors 2024 2023 Trade debtors Prepayments and accrued in(x)me Other debtors 129,184 124,360 1,624 385,820 70,940 6,281 255,168 463,041 18. Creditors: amounts falling due within one year 2024 2023 Trade credttors Accruals and deferred income Social security and other tsxes Other creditors 23,079 326,930 41,807 148,340 28,686 248,528 40,430 112,322 540,156 429,966 19. Deferd income 2024 2023 At 1 February 2023 Amount released to income Amount deferred in year At 31 January 2024 225,050 354,755 {225,050) (354,755) 260,631 225,050 260,631 225,050 31
Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statements (contlnuodj Year ended 31 January 2024 19. Deferred income (contsmiodj Deferred income represents course and coaching fees arKI other income sources re1vable prior to the year-end but relating to courses and coaching sessions or related expenditure tang place after the year end as follows-. 2024 2023 Running events Premier League Kicks Premier League Primary Stars Supported Housing Disability Exeter City Women Other education programmes Other sports participation other soaal indusion Other health and wellbeing projects MislIaneOUS 45,841 2,917 8.917 39,635 3.307 32.680 14,662 62,796 14,123 33,272 2.481 31.260 2.917 10,946 38,069 21.975 10,500 32.269 67,753 7.498 260,631 225,050 20. Pensions and other post retirement beneffts Defined contribution plans The amount recognised in income or expendtiure as an expense in relation to defined contribution plans was £21,646 (2023.. £18.497). 21. Analysis of charitable funds Unrestricted funds At 1 Feb 2023 At Transfers 31 Jan 2024 IroMe Expendiiure General funds Facilty fund 546.542 419.6CK) 1,027,004 (909.080) (119,634) 91.287 544,832 510,887 966.142 1,027.004 (909,080) {28,34n 1.055,719 At 1 Feb 2022 At Transfers 31 Jan 2023 Income Expenditure General fvnds Facility fund 775.320 1,047,018 (849,188) (426,608) 419,600 546,542 419,600 775.320 1.047,018 (849,188) (7.008) ,142 32
Exeter City Community Trust Cornpany Limited by Guarantee Notes to the Financial Statements (conunu Year ended 31 January 2024 21. Anatysis of charitsble funds (eontinuedj The facilty fund represents funds set aside for futu capital investment in suitable sports facilities. by means of asset acquisrtion or improvements to existing facilrties that further the charitys mission and increase its capacty to serve its beneficiaries. Restrictsd funds At 1 Feb 2023 At Transfers 31 Jan 2024 Incon* Expenditure PL Primary Stars PL Kicks Disabiltly Footbalvsport Ability Counts C Fraser Memorial Fund TraineeshipslCoLab Clare Milne Trust Junior Grecians Sporting Memories Covenant fund Infrastructure granl Exeter City Women Wellbeing Exeter PL Fans Fund Tackling Loneliness Together Creating Connections Fil Fans Supported Housing Tery O'Neill Fund 22,301 11.416 7.415 (3.685) 1.822 1.996 1.800 15,572 {2,277) 3.030 71,879 35,000 6,770 17,449 {85,399) {43.687) {27,387) {20.404) {211) 8,781 2,729 13.202 6.640 1,611 1,996 1,800 20.258 28.104 2,267 (23.418) (3.478) 3.488 3.030 36.669 2.811 4.993 99.218 111,348 4.167 (92.965) (119.541) (8%) 42,922 {5,382) 8,264 3.093 892 24.049 183.449 1.761 (8.310) (705) (41,892) (569,446) 5,017 87 55,509 809.485 274 37,666 423,488 1,761 317.107 1,241.483 (1.037,739) 28.347 549,198 At 1 Feb 2022 At Transfers 31 Jan 2023 Income Expenditure PL Primary Stars PL Kicks Disabilty Footbalvsport Ability Counts C Fraser Memorial Fund TraineeshipslCoLab Clare Milne Trust Junior Greaans Sporting Memories Covenant fund 12,114 12,185 25,653 (6.798) 2,179 74.659 37,212 20,009 7.915 (64,472) (37.981) (38.247) {4.802) (357) 22,301 11,416 7,415 (3,685) 1,822 1,996 1,800 15,572 (2,277) 3,030 1.800 11,020 (741) 3,030 20,577 555 (18,988) (2,091) 2.963 33
Exeter City Community Trust Company Limited by Guarantse Notes to the Financial Statements (contlnu Year ended 31 January 2024 21. Analysis of chaiitable funds (conrfnuéd) Infrastructure grant Exeter City Women Wellbeing Exeter PL Fans Fund Tackling Loneliness Together Creating Connections Fil Fans Supported Housing Terry O'Neill Fund 2,690 {12,231) {55.179) (11.779} {654) 1,541 2,504 68.996 107.585 36,669 2,811 4.993 2.005 5.647 10.000 500 78,602 651.224 (6, {6.038) (51,791) (464,102) (72) (870.691) 3,093 892 24,049 183,449 1,761 6.430 (2,762) {3.673) 1,833 94.956 1,085,834 7,008 317,107
Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statements (eontinuedj Year ended 31 January 2024 21. Anatysis of charitable funds (eontinued) PL Primary Stars Funding reiVed from the Premier League Charitable Fund towards the delivery of age appropriate PE and Sport sessions in Primary Schools. Premier League Kicks A project funded by the Premier League Chartlable Fund together wtlh match fvnding from a number of partners with the aim of using football to bring cy)mmunities together and engage with young people. It inVoeS foolball and other sports sessions and the encouragement of volunteering. Disability Footbalvsport The fund balan represents the net ly)ok value of 2 power wheelchairs purchased with funding from Sport England. together wilh unspent income from grants received specificalty for disability projects. Abilty Counts An initiative which offews adults with mental health issues, leaming dtfficulties and physical impainnents the opportunrty to engage in regular. structured. professional and fun physical training sessions. Every Player Counts Funding for the developmenl of disabilty football. C Fraser Memorial Fund Funding reiVed in memory of Catherine Fraser to supwl an annual girls. football toumament. Traineeships Funding to give young people aged 16 to 18 the opportunity to gain work experience and learn new skills, offering career progression paths within a sport and leisure environment. Clare Milne Trust Funding for the purchase of power-chairs. Sporting Memories An initiative which uses the power of sports to help tackle dementia, depression and loneliness. Covenant fund A project to support veterans of all ages and from all sections of Ihe armed forces who may be socially isolated, lonely and in need of additional support with either transition into civilian life or with regards re-connecttng with old frier)ds and building up their support systems. Infrastructure grant EFL Trust funding to assist with refiJTbishment works on the charitys Offi accommodation. Exeter City Women Financial support by means of grants, sponsorship and other operating income in resped of the operations of Exeter Cty Women FC. Wellbeing Exeter Funding to support indivmduals and communities in making physical actimty part of their daily lives, and therefore improve their health and general wellbeing. 35
Exeter City Community Trust Company Limited by Guarantee Notes to the Financlal Statements (continu Year ended 31 January 2024 21. Analysls of charltable funds (Cl1n*> PL Fans Fund Premier League funding for initiatrrfes to improve the match day experience of fans and the l(tsl communty. Tackling Loneliness Together EFL Trust Funding for a projeci aimed at connecting more older people at risk of loneliness. Creating Connections UK Govemment funding for an inttiative to help people lo connect with each other in a variety of ways including pen pal sthemes. social events and phone befriending. Fit Fans A Public Health funded iniiiative commissioned by the EFL Trust. aiming to support an increased number of service users livtng with overweight and obesity to make behavioural and lifestyle changes to reduce and manage their weight, improve their health status and their quality of life. Supported Housing A service that prowdes a safe and secure home with support for people to move to independent living. Tenants will likety be homeless, at risk of being homeless. living in other temporary accommodation. wctims of domestic violence or prison leavers. Terry O'Neill Fund A fund set up with a generous donation from the Terry O'Neill Trust Fund to help to buy football kit and to subsidise other sport and physical acttvity expenses for young people in need in Exeter. 22. Analysis of net assets between fund$ Unrestrted Funds Restricled Total Funds Funds 2024 Tangible ed assets Current assels 18,661 1.037,058 902 548.296 19,563 1,585,354 Netassets 1.055,719 549.198 1,604,917 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fed assets Cutrent assets 14,363 951.779 3.594 313.513 17,957 1,265,292 Net assets .142 317,107 1.283,249 36
Exeter City Community Trust Company Limited by Guarantee Notes to the Financlal Statements (conUnu•(Q Year ended 31 January 2024 23. Anatysis of changes in net debt At At 1 Feb 2023 Cash flows 31 Jan 2024 Cash at bank and in hand 1.232.217 638,125 1,870,342 24. Related partles There were the following transactions during the year with Exeter City A.F.C. Limited of whith J Tagg was a director throughout the year. Expenditure- Marketing and business developrnent Kit. prizes and giveaways Venue hire Miscellaneous purchases and recharges £33,330 £8,746 £7,735 £8,441 Sales= Rent and sponsorship £47,532 At the year-end date balances of £1.250 (2023.. £nil) were due from, and amounts of £1,757 (2023.. £4,247) were due to, the football club in respect of trading ledger balances. 37