COMPANY REGISTRATION NUMBER: 06053326 CHARITY REGISTRATION NUMBER: 1121596 Exeter City Community Trust Company Limited by Guarantee Financial Statements 31 January 2025 CHARLTON BAKER BRISTOL LTD Chartered accountsnts & statutory auditor 61 Macrae Road. Ham Green, Bristol BS20 ODD Exeter City Community Trust Company Limited by Guarantee Financial Statements Year ended 31 January 2025 Page Trustees, annual report {incorporating the directors, report) Independent auditorfs report to the members 14 statement of financial actNities (including income and expenditure account) 20 Statement of financial position 21 Statement of cash flows 22 Notes to the financial stalements 23 Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directors. Report) Year ended 31 January 2025 The trustees, who are also the directors for the purposes of Company law, present their report and the financial statements of the charty for the year ended 31 January 2025. Reference and administrative details Rogistered charity name Exeter Cty Communty Trust Charity registration number 1121596 Company reglstratlon number 06053326 Principal office and registered St James Park office stadium Way Exeter Devon EX4 6PX UK The trustees J Tagg M L Davey DGKirk P J Goodes R Morshead R W Marsh C Newbery-Jones S Truran H Davey C Harrison A Rothwell J Dixon K Hassan (Resigned 26 September 2024) (Appointed 19 March 2024) (Appointed 19 March 2024) (Appointed 26 September 2024} Company secretary W Barrett Auditor Charlton Baker (Bristol) Ltd Chartered accountants & statutory auditor 61 Macrae Road, Ham Green, Bristol BS20 ODD Chlef exocutive offlcer J Vittles Exeter City Community Trust Company Limited by Guarantea Trustees. Annual Report (Incorporatlng the Directors. Report) {conUnued) Year ended 31 January 2025 Structure. governance and management Governing document Exeter City Community Trust is a charitable company limrted by guarantee, incorporated on January 15, 2007 and registered as a charf(y on November 14, 2007. The company is exempt under section 60 of the Companies Act 2006 from the requirement to use the word 'limited'. The company was established under a Memorandum of Association and is governed under its Articles of Association. In the event of the company being wound up members are required to Contribute an amount not exceeding £1, The charity changed its name from Exeter City Football in the Community on January 26. 2017. Appointment of trustees The trustees provide support and oversee the strategic vision for the chariiy, whilst remaining responsible for ensuring compliance with charity law, safeguarding the charity's assets and beneficiaries, and ensuring proper financial management. Furthemiore the management of the charity is the responsibilty of the trustees who are elected under the tems of the Articles of Association. Under the tenns of a SeNice Level Agreement with Exeter Cty A.F.C. Limited that company is entitled to nominate a minimum of two trustees to seNe on the board. During this period. our long-standing chaimian, Julian Tagg BEM, retired from the charty in accordance wtth the temi limits of our articles of association. Julian was replaced on the board by Karime Hassan, the former Chief Executive of Exeter Cty Council and rnember of the King George V project steering group. It is the responsibility of the existing trustees to formally induct and train incoming trustees about the policies of Exeter Cty Communty Trust. The current organisation structure of the board of Exeter City Community Trust is the chair with eight other trustees. Decisions ar8 taken at regular board meetings attended by the trustees. Risk management The trustees regularly review and assess the procedures and fomats for risk assessment to ensure that they continue to meet the needs of the charity to fulfil its responsibilities. Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (¢onflnued) Year ended 31 January 2025 Obj•clives and actlvltles 1.1.1 to promote for the benefit of children, young persons and adults within the Area of Benefft, the provision of, or the assistance in the provision of, facilities for education and recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infimity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their condition of life. 1.1.2 to relieve povety or financial hardship among people living or working within the Area of Benefrt, by providing or assisting in the provision of education, training, housing management services and other necessary services and support with the object of improving their condition of life which they could othenNise not afford through lack of means,. 1.1.3 to promote social inclusion for the public benefrt by preventing people within the Area of Benefit, from becoming socially excluded, relieving the needs of those who are socialty excluded and assisting them to integrate into society. For the purpose of this clause, 'soci811y excluded. means being excluded from society, as a result of one or more of the following factors: unemployment., financial 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 standards); crime (either as a victim of crime or as an offender rehabilitating into society}', and 1.1.4 to promote, preseNe and the protect the physical and mental health and well-being of people within the Area of Benefit, in particular (but without limitation) by providing and assisting in the provision of facilities and activities, inforffration and support to improve health and frtness and help people maintain a healthy lrfestyle. The trustees confirm that they have had regard to the guidance Contained in the Charity Commission's general guidance on public benefit when reviewing the Trusys aims and objectives and in planning future activities. Exeter City Community Trust Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) (¢ondnue Year ended 31 January 2025 Achievements and perfomiance The 2024125 reportin9 period has been a year of continued growth, innovation, and meaningful community engagement for Exeter City Community Trust. Through a diverse portfolio of programmes - spanning sports participation, inclusion and wellbeing initiatives, educational opportunities, and communty-focused events the charity continues to deliver in relation to our mission, ethos, and charitable objectives. Our commitment to providing accessible and incluswe activities has been exemplified by the expansion of our Parasports provision, ensuring that individuals of all abilities have the opportunty to participate in sport and connect with their communty. We are proud of the positive impact made through the iWIll Youth Club and the delivery of Alternative Education at Cranbrook, ensuring that we provide safe spaces for our children and young people to develop their skills. wrth thoughtful work, there has been an increase in the numbers joining from low-income families, who may not have been given this opportunty previously. The continuation of the HAF provision - and ongoing work of our charity development and services teams - will continue to support these families. Strategic partnerships have remained central to ECCTS success. Our collaboration with Exeter City Football Club, educational institutions like Exeter College and the Universty of South Wales, and numerous community organisations and local authorities has enabled us to extend our reach and deepen our impact. It is through these collaborative efforts that we can address the complex needs of our communty and deliver sustainable change. In addition to our direct service delivery. the charity has continued to demonstrate sound financial management and govemance. The ongoing efforts to maintain an exemplary rating for CCOP reflect our commitment to adhering to the highest standards of transparency and accountabiltty. We strive to use our resources effectively, ensuring that every pound invesled in ECCT has a positive retum for the communty. Looking ahead, the Trustees recognise the challenges and opportunities that lie before us. We remain steadfast in our commitment to delivering innovative and impactful programmes that address the evolving needs of our community. A key focus will be the development of our new strategy for the period 2025-2030, which will guide our work in the years to come. We will also continue lo work closely with Exeter Cty Council to bring the King George V Playing Fields project to fruition, creating a vibrant health and wellbeing hub that will serve as a valuable resource for the community. The Trustees express their sincere gratitude to Ihe staff, volunteers, partners, and funders who have contributed to the success of Exeter City Communty Trust during this reporting period. It is through their dedication and support that we are able to make a tangible difference in the Itves of individuals and families across our community. Introductlon As the partner charty and Club Community Organisation of Exeter City Football Club, Exeter City Community Trust (ECCT) remains steadfast in its mission to support people of all backgrounds, ages, and abilities by delivering inclusive heatth, sports, and physical activity projects. Through prudent financial management and responsible leadership, the charity continues to advance its objectives, Exeter City Community Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) (Mntinued) Year ended 31 January 2025 ensuring a positive and lasting impact on the community. The dedication of our Chief Executive, senior management team, committed staff. and volunteer team, along with key partnerships in the city and across the region, continue to be the foundations for our success. Senior Stsff Structure The SMT of the charity has seen no changes since the previous annual report. Succession planning remains in place for this scenario, although it is noted, with thanks, the current stability and performance of this management group. Jamie Vittles - Chief Executive Danny Harris - Head of Services Matt Julyan - Head of Finance and Resources Kim Vthrttle - Housing Operations Manager Amy Richards - Safeguarding Manager Will Barrett- Head of Charty Gri)wth and Developrnent The charty continues to drive fonNard in the delivery of its objectives, as well as to meet the needs of the local communty. This sedion provides brief highlight of some of the notable achievements of the organisation during this reporting period. Offico Move The charity successfully moved from our principal address to a secondary office to allow for the Fountain Centre to be utilised by Exeter College for the delivery of Alternative Education. This move sen4ed to support our charitable objectives alongside the strategic aim of supporting attemative provision in our city and the facilitation of more suitable office space for our staff. Social Impact Value The period also saw an increase in our annual Social Impact Value, which increased from £6,678,541 in 2022 to £12,419,311 in 2024. These figures are compiled in partnership with Substsnce and form part of the English Football League's annual Clubs in the Communty Report. Capability Code of Practice As stated as an intention in our previous annual report, the charty maintained an exemplary rating for CCOP, which is the governing standards for club community organisations, set by the Premier League Charitable Fund and English Football League in the Community and assesses the objectives, outputs, and outcomes for all CCO'S across the following 15 areas: 1. Structure 2. Affiliated Club 3. Governance and the Board 4. Peop 5. Strategy and Implementation 6. Impact 7. Accountability and Communication 8. Finance 9. Safeguarding 10. Equalty Diversity and Inclusion 11. Data Protection 12. Risk Management 13. Health and Safety 14. Incident Reporting 15. Environmental Sustainability Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (¢ondnued) Year ended 31 January 2025 CCOP 3.0 is due to be launched in the Autumn of 2025 and it is our intention to ensure that we achieve an exemplary rating once again across all areas. Klng Georg• V Playing Fields Project This project, seeks to facilitate a Comprehensive redevelopment of the King George V (KGV) Playing Fields to address a significant shortfall in all-weather facilities within Exeter and to promote community health and wellbeing, continues to progress well as a dIr￿t response to a city-wide strategy for improved recreational spaces and builds upon three decades of Eccfs experience in delivering sport, support, and education programmes. Prior to the compilation of this report, the project team completed a community consuttation. which demonstrated public support for the programme with 450 of 489 survey respondents either stating that they support or strongly support the plans. The detail of the suNey will now be fed into the final planning application, which was due for submission in March 2025. New Programmes Iwlll Youth Club Launched in February 2024, the iWIll Youth Club at West Exe School provides a safe and engaging space for 11-13-year-olds every Monday. Wrth 11>15 attendees weekly, the club offers sports, games, quizzes, and opportunities fr)r youth-led initiatives. Fifteen young people are participating in a 'Wellbeing Champions" project to develop mental health awareness and social action projects. Prlmary Alternatlve Provision Delivered in partnership with the Ted Wragg trust, this initiative began delivering at Cranbrook Educational Campus in September 2024, offering physical activty and emotional regulation support. Feedback throughout the reporting period has been highly positive, with pupils benefiting from support to remain in school. Advanced Development Centres This programme is delNered in support of the Exeter City Academy. The centres are based in Exeter, Cranbrook, Barnstaple, Bridgwater and Axminster and operate a 'pay to play. model with participants playing at fvio tiers below the Academy. There is great potential to develop these centres further, offering more openings for young people to play football and also providing opportunities to reach to areas where we historically have not had an impact. Wellbelng Exet•r During this period, we were part of a successful collaborative application, along with CoLab and Exeter Communty Initiatives, in the competitive tender process for the new Wellbeing Exeter contract. Wellbeing Exeter works alongside people to discover and develop opportunities and ideas on how to live and feel better and get connected to what matters to them. The three (FTE) Community Physical Activity Organisers who work with people who arenl currently active to find new opportunities to move more as part of their daily lives. will continue to be based at ECCT. Charity Partnership Scheme This scheme has continued to develop during this period with the addition of Robson Financial as an official charity partner. Via the CPS the charty receives sponsorship for unfunded aspects of our work, whilst also creating opportunities for organisations to meet their CSR targets through the support of our charitable objectives in the community. Exeter City Community Trust Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (¢onilnuod) Year ended 31 January 2025 Sports Participation This section of the services department works to encourage children of all ages between three and eighteen to participate in structured. professional sports coaching and physical activty sessions run in safe and secure environments in Greater Exeter, North Devon, and South Somerset. Sessions are designed and delivered to improve motivation. Cowordination. health and confidence. Projects include children's holiday clubs - both football. multi-sport and individual sports. coaching in schools via extra-curricular clubs for primary schools and satellite clubs for secondary schools and community groups. One of our key priorities is to support the national curriculum, and so we continue to deliver our Premier League Primary Stars programme {PLPS), which aims to supporvup-skill teachers and to offer the children more competition opportunities, literacy. numeracy, PSHE and enterprise skills. The full list of sports participation activities includes: Advanced Development Centres E￿lIck Sports Hub and Cliff Hill Training Ground community bookings Holiday Clubs (Crediton, Exeter, Exmouth, Ilfracombe, Sidmouth) Grecian Kickers Kings College (Taunton), Schools Football Masters small sided football league PL Primary Stsrs Joy of Moving Tiny Tots Walking Football Man v Fat Football Inclusion & 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 initiatives. Parasports Our provision for children, young people and adults with disabilities continues to grow and develop thanks to funding from the Premier League Fans Fund. As a result, we are now supporting more than 250 players a week. We have an inclusive offer for all members of our communty who have disabilities led by Para Sport Lead, Dan Hewitt. We are currently delivering the following weekly or bi-weekty sessions". Adult Disabilty Football Youth Disability Football Down's Syndrome Youth Football Blind F¢X)tball PL Kicks Disability Youth F¢)Otball Deaf Football - 11 a-side adult team Neuro Walking Adutt football (Parkinson's and Dementia) Disabilty Afterschool clubs Opportunity Club (mental health) Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directors, Report) (continued) Year ended 31 January 2025 In addition to the above sessions, we continue to deliver holiday clubs for children and young people with disabilities. These clubs provide a safe environment and the opportunity for children to thrive and feel part of something special. They are usually one to two days long and support physical and mental wellbeing as well as social interaction. Additional focus group Sessions and participant surveys are also delivered on an annual basis in order to support the development and on90ing design of activities and initiatives related to para sports. Extra Time Hub - Soclal Café and Sportlng Memorles The Extra time hub supports people over the age of 50 who are at risk of loneliness andlor struggle with their mental health. They visit the social café to meet new people and try something new. We regularly have up to 30 people attending each week, which once again demonstrates positive growth on the numbers shared in our previous reporting period. Groups continue to participate on the Co-design of the programme, planning sessions and trips each month. These activities are also supported by our Charity Partners, Trowers & Hamlins. Hollday Activities and Food (HAF) Now in our fourth year of partnership with Devon County Council's Early Years and Childcare SeNices team to deliver the Holiday Acttvities and Food programme in the Easter, Summer, and Christmas Holidays, the programme continues to support children and young people on benefrt-related free school meals, and educational healthcare plans, providing four hours of physical activity a day, plus a hot nutritious meal, with activities being held at Haven Banks Outdoor Education Centre, Willowbrook Primary School, and in Ilfracombe across a total of 24 days throughout the year. Premier League Kicks PL Kicks started in 2006 and has a long history of using the power of football and the value of sports participation to help youngsters in some of the mosl 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 communities. We now run free weekly sessions at West Exe School, Cranbrook Educational Campus, St James School and Wonford Sports Centre and engage with 150+ different young people on a weekly basis. Peer Actlon Collectlve The Peer Adion Collective is a £12.7 million national programme, which aims to give young people the chance to make their communities safer, fairer places to live. This period saw the completion of research and the development of an interactive map where young people Can access youth provisions in Exeter. We also hosted an event at the football club. where 25 stakeholders, including councillors, teachers, members of DCC violence prevention unit and the mayor attended. The team shared their findings and social action work, as well as facilitating discussions on how partnership work Can be Lrtilised to develop PAC outreach. We were also involved with delivering our research at an event wn by the Youth Endoyffiient Fund to upwards of 100 guests and at a virtual learning opportunity held by the EFL Trust. The team have built a strong reputation amongst stakeholders and are looking forward to completing the next round of research heading in to the new year. Sport & Educatlon The development of our sport & education provision continues to be a priority for the charity through the development and expansion of a range of programmes, as well as improvements to our staffing resource. The prioritisation of this area is based upon the experience and skill sets within the charity as well as the demonstrable need and demand of the community. Exeter City Community Trust Company Limited by Guarantse Trustees. Annual Report (Incorporating the Directors, Report) {¢onUnued) Year ended 31 January 2025 Achievements and performance f¢ondnued) Football Coaching Development Degree (Exeter College) This programme is for Exeter College students who are studying a BTEC L2 or L3 course whilst playing in tier 1, 2 or 3 of the EFL CEFA 11 a-side games programme. The intended outcomes of this course are for students to progress into the Football Coaching Development Degree, which is an alternative universty course option, or into the workplace. A total of 54 students enrolled for the 2024125 academic year. Four students have left the course since September and have been enrolled on atternative courses at Exeter College. Telgnmouth Development Programme This programme, which provides students with an education that can lead on to university whilst also providing them with the chance to train and Compete in a professional football environment, continues at TeignmoLrth Community School with one team 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 Businoss and Manag•ment Degree Delivered in collaboration between the EFL Trust, Club Communty Organisations, and the USW, this degree provides learners the opportunity to study in the Workpla￿ of a professional organisation through fomalised affiliation with a professional sports club. Lectures are produced by USW staff, with students studying these materials remotely, both at home and in the club's learning environment with the support of an appointed mentor. Wrthin the clublECCT, successful applicants will undertake placements of 4-8 hours per week in year 1 and 7-14 hours per week in years 2 and 3. Participants may also get a wider experience through opportunities via the clublECCTs sponsors and partners. Students attend USW up to three times per year for residential study vists. This programme began in full in September 2023, with two students making up the initial Cohort, and we were pleased to add a further three students in the Autumn of 2024. Recruitment is now underway for the 2025 cohort, with a view to working with a total of 10 students across all year groups. ASPIRE Aspire is a blended programme aimed at improving school attendance, reducing time spent in behaviour rooms, igniting inspiration, discussing the benefits of education and providing an understanding on the benefits 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 adivities. discussing ways to manage and support anxiety, support wellbeing, participate in social action and learn lrfe skills. The guiding principles for the programme focus on resilience, reflection. wellbeing. respect and rapport and communty engagement. The programme is delivered in partnership with the Ted Wragg Trust. Women and Girf's Football The organisation continues to provide a successful pathway for female players into local college football academies, university teams and women's clubs and rernains part of the EFL TrusVFA Female talent inclusion programme, which is designed to support young girls from disadvantaged Communities in reaching their potential. Glrls, Development and Emerging Talent Centres The Girls, Development Centre (GDC} and Emerging Talent Centres (ETC) offer talented young female players in Exeter and the surrounding areas the opportunty to develop in a technical and tactical programme, through weekly training sessions and regional fixtures. Last summer saw 350 players trial for the centres in Exeter, with 186 players signing up for the year at U10, U12, U14, U16 levels. The ETC is free to all selected players thanks to additional funding from the FA. The aim of this funding is to reduce barriers to participation for players from low-income families. Exeter City Community Trust Company Limited by Guarantse Trustees. Annual Report {Incorporating the Directors. Report) {¢onllnued) Year ended 31 January 2025 Achievements and perforniance (¢ontlnued) Junior Premier League The JPL provides the most tslented players with an enhanced games programme with matches played on Saturdays throughout the season. An U14 team was added this season to go alongside the JPL U16 team that was launched and delivered last season. The intention is to assess the viabilty of an U18$ team for next season, with graduating players from the current U16 squad. Exeter Coll•g• Wom•n's Football Academy Delivered in partnership with Exeter College, this initiative is a proven pathway to the women's team. During this period, we have worked with 25 players in the current squad, with eighunine coming from the GDC. This is a great step fO￿ard in tems of the pathway, as having two teams has provided even more opportunity to play competitive games across the whole academy. Exeter Clty Women's Football Club Following the completion of our stated ambition to achieve Tier 3 status, the women's team successfully lifted the FA Women's National League, Division One South West iitle. Subsequently, the team was taken over by the Football Club in order to facilitate the semi-professionalisation of the team. We Continue to support ECWFC under the new ownership structure. Runnlng Events The running programmes is designed to facilitate physical development and activity, Vlhilst providing opportunities for participants to raise funds for ECCT and engagement activities for our partner organisations. Our running season, which runs 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 Half Marathon (February) The Granite Way 10 and 20-mI￿r$ (March) The Exeter Live Better Marathon {May) The 10k River Exe Run (June) Three additional S-mile events were added to deliver the Riverside 5 series. The rationale for this addition was to make our Exeter based running events more accessible and aligned with our community heafth mission. In addition to our hosted events, we also participated in the Great West Run as a Bronze Sponsor. This complimented our increase in activity related to fundraising and sponsorship, which continues to be an area of focus for our charity growth and development team. Supported Housing Our specialist supported housing service continues to help and support vulnerable people who are at risk of being homeless or have experienced homelessness by providing them with the opportunity to live in their own home and prepare for independent living. The homes in the scheme are the responsibility of a registered housing association, who provide the supported living accommodation for vulnerable people and families. They have been refurbished to a high standard and all either meet or exceed building regulation stsndards. 10 Exeter City Community Trust Company Llmlted by Guarantee Trustees. Annual Report Ilncorporating the Directors. Report) (¢onflnuedJ Year ended 31 January 2025 Achievements and perfomiance f¢ontlnuedl Much of the provision retains its focus on assisting the residents in developing the skills to maintain a tenancy through a personalised plan, which helps them to sustsin a tenancy and enables them to Contribute to the communty and to society in a positive way. Residents are also provided with help and guidance in areas such as budget management, job hunting and healthy living advice. Since its establishment in August 2021, the service has undertaken 1861 referrals, resulting in the support of 340 individuals who meet the selection Criteria. Al present, the sep4ice Currently supports 105 service users. Referrals for this programme continue to be managed by the supporting housing team, with the referral pathvtsy 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. Financial review The net incoming resources for the period were £347,110 {2024.' £321,668) resulting in accumulated funds carried fO￿ard of £1,952,027, of which £1,862,925 (2024: £1,055,719) are unrestricted funds. Free reserves at the year end, after allowing for unrestricted funds represented by fixed assets and the designated Facilty Fund balance of £1,094,992, have k)een calculated at £690,070. At current actNity levels this represents approximately 5.3 months of staffing and operating costs. The trustees will continue their efforts to maintsin unrestricted funds in accordance with the charity's reserves policy (see below) in order that the Trusfs increasing range of activities, both in temis of scope and geographical coverage. are support8d by a strong financial base. Reserves policy The Charity shall establish and mainlain a reserve target that reflects its financial needs, risk toleranc8, and long-temi goals. The reseNe target shall be reviewed regularly and adjusted as necessary to align with the Charity's changing circumstances. To this end, the trustees aim to have six months, worth of staffing and normal operating costs in reserve when practicable. 11 Exeter City Community Trust Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directors, Report) (¢ontlnued) Year ended 31 January 2025 Plans for future periods Our charity will continue to provide sport, support. and education for people of all backgrounds. ages. and abilities. whilst also strengthening ties across the communty with the provision of adivities and a commitment to strengthening existing partnerships and the development of new ones with people and organisations that align with our mission and values. A key aspect of the work of the charity's board and management team will be the development of a new strategy for the period 2025-2030. Sport, support, and education for all - along with our charitable objectives - will remain the foundational pillars for this work, which will continue to be supported by the dedication and ability of all staff, as well as our commitment to monrtoring, evaluation and impact, which enable us to fijrther understand the needs of our community wrth greater precision. The KGV project continues to be a major driver for the upcoming strategy, as we seek to develop a health and wellbeing hub, which will provide increased opportunities for engagement and an amplification of our impact across all areas of our work. The consultation for this project provides another strong foundation for this initiative. which will be further supported by the completion of our planning application in the weeks following the conclusion of this reporting period. With permissions in place, we will tum attention to the remainder of our fundraising activities, with a view to generating the funding levels required to complete our application for major partnership funding to the Football Foundation, which we hope will be in place by the time our next annual report is due. Trustees. responsibilities statement The trustees, who are also directors for the pU￿oseS of company law, are responsible for preparing the trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the charty trustees to prepare financial statements for each year which gNe a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure. for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 12 Exeter City Communlty Trust Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directors. Report) (continu•03 Year ended 31 January 2025 The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charty's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other iffegularities. Audltor Each of the persons who is a trustee at the date of approval of this report confirms that: so far as they are aware. there is no relevant audit infomiation of which the charity's auditor is unaware. and they have taken all sleps that they ought to have taken as a trustee to make th8mselv8s awar8 of any relevant audit infomation and to establish that the charty's auditor is aware of that information. Small company provisions This report has been prepared in accordance with the provisions applicable to ¢ompanAes entitled to the small companies exemption. The trustees. annual reporl {inGOtporating the directors. report) was approved on 7th October 2025 and signed on behalf of the board of trustees by: KARIME HASSAN Ioct 17, 2025 08',48:23 GMT+ll K Hassan Trustee 13 Exeter City Community Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Exeter City Communlty Trust Year ended 31 January 2025 Oplnlon We have audited the financial statements of Exeter CTrty Community Trust {the 'charity') for the year ended 31 January 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applBd in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 January 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with Intemational Standards on Auditing {UK} (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditorfs 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 UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in a￿ordanCe with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concem In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identifEd any material uncertainties relating to events or Conditions that, individually or collectively, may cast signrficant doubt on the Charity's abilty to continue as a going concern for a period of at least ￿e1ve months from when the financi81 statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. 14 Exeter City Community Trust Company Limitsd by Guarantee IndependentAuditor's Report to the Members of Exeter City Community Trust (¢onflftued) Year ended 31 January 2025 Other information The other information comprises the information 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 infomiation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other infomation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mi5Stated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audii: the infonnation given in the trustees, report for the financial year for which the financial statements are prepared is consist8nt with the financial statements,. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptron In the light of the knowledge and understanding of the charity and its environment obtained in Ihe course of the audrt. we have not identffied material misstatements in the trustees, report. We have nothing to report in resped 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 audit have not been received from branches not visited by us" or the financial statements are not in agreement with the a￿OUntIng records and returns: or certain disclosures of Irustees. remuneration specffied by law are not made. or we have not received all the infonnation and explanations we require for our audit,. or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. 15 Exeter City Community Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Exeter City Community Trust (continued) Year ended 31 January 2025 Responsibilities of trustses As explained more fully in the trustees, responsibilities statement, the trust￿$ (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 give a true and fair view, and for such internal control as the trustees determine is ne￿$Sary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trust￿$ are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the twstees either intend to liquidate the charty or to cease operations, or have no realistic alternative but to do so. 16 Exeter City Community Trust Company Limited by Guarantse Independent Auditor's Report to the Members of Exeter City Community Trust (Conllnued) Year ended 31 January 2025 Audltor's rèsponsibiliti•s for th6 audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bLrt is not a guarantee that an audit conducted in accordance with ISAS (UK) will a￿ayS detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economi¢ decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detsiled below.. Key audit matt•rs: our assessment of risks of material mlsstatement Key audit matters are those matters that in our professional judgement were of most significance in the audit of the financial statements and include the most significant assessed risks of material misstatement (whether or not due to fraud) identified by us, including those which had the greatest effect on the allocation of resources in the audit. and directing the efforts of the engagement team. There are no key areas identified as the audit is very low risk with normal audit procedures adequate in all audit areas. We agreed to report to the board of trustees any Corrected or unc0￿ected identif￿d misstatements. Identifying and reporting of risks of material misstatement 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 opportunity to commit fraud. Our risk assessment procedures included: Enquiring of the Chief Executive Officer and the trustees and inspection of key papers provided to those charged wf(h governance as to high level policres 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 standards, and taking into account possible pressures to meet targets and our overall knowledge of the control environment, performed procedures to assess the risks of management override of controls. To address the pervasive risk as it related to management override of controls, we reviewed material journal entries and agr8ed these to supporting documentation where appropriate. Idenlifying and responding to risks of material misstatement due to non-compllance with laws and regulations We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experien￿ and through discussion with the general manager and trustees. As the charity is regulated, our assessment of risks involved gaining an understanding of the control environment including the entity's procedures for complying with regulatory requirements. 17 Exeter City Community Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Exetsr City Community Trust <￿￿tinU￿d) Year ended 31 January 2025 We communicated identified laws and regulations throughout our team and remained alert t¢ any indications of non-complian￿ throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably.. firstly, the charity is subject to laws and regulations that directly affect the financial statements including financial reporting regulation (including related companies regulation>, taxation legislation (payroll taxes) and pension legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures in the audit areas relevant to these items. secondly, the charity is subject to many other laws and regulations where the consequence of non-compliance could have a material effect on amounts or discbsures in the financial statements, for instance through the imposition of fines or litigatton. We identrfied the following areas as those most likety to 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 adulis. Auditing standards limit the required audit procedures to identfy non-compliance with these laws and regulations to enquiry of management and trustees and inspection of regulatory and legal correspondence, if any. Therefore. if any breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. Limitations to the abillty of the audit to d•t•ct fraud or breaches of laws and regulatlon Owing to the inherent limitation of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and perfomied 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 likely the inherently limited procedures 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 internal controls. Our audit procedures 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 Ltd Chartered accountsnts & statLrtory auditor 61 Macrae Road, Ham Green, Bristol BS20 ODD 19 Exeter City Community Trust Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 January 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Nots Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 387,576 1.410.174 52.920 77.502 547,802 37,999 935.378 1,448,173 52,920 77.502 861,064 1,319,207 70,850 17,566 Total income 1.928,172 585,801 2.513.973 2,268,487 Expenditure Expenditure on charitable activities Total expenditure 1,559.525 607,338 2.186,863 1.946,819 1,559,525 607,338 2,166,863 1,946,819 Net income 368,647 (21,537) 347,110 321,668 Transfers betsveen funds 438,559 (438.559) Net movement in funds 807.206 (460.096) 347.110 321,668 Reconciliation of funds Total funds brought fopward Total funds carried forward 1.055.719 549,198 1.604,917 1,283,249 1,862,925 89,102 1,952,027 1,604,917 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from Continuing activities. The notés on pages 23 to 37 fomi part of these financial $tat•m8nts. 20 Exeter City Community Trust Company Limited by Guarantse Statement of Flnancial Position 31 January 2025 2025 2024 Note Fixed assets Tangible fixed assets 15 18,951 19.563 Current assgts Debtors Investmenls Cash at bank and in hand 16 17 283,698 251,180 2,090,826 255.168 243.732 1,626,610 2,625,704 2.125,510 Creditors: amounts falling due within ono year Net ¢urr•nt assets 19 692,628 540.156 1.933,076 1.585,354 1,604,917 1,604.917 Total assets less current Ilabllltles 1,952,027 1.952,027 Net assets Funds of the charity Reslricted funds Unrestricted funds 89,102 1,862.925 549,198 1.055.719 Totsl charity funds 1,952,027 1,604.917 These financial statements have been prepared in aCc￿danCe with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 7th Odober 2025, and are signed on behalf of the board by: Paul Goodes (Oct 17, 2025 09.08.56 GMT+ll P J Goodes Trustee FIIME HASSAN Ioct 17, 2025 08:48'.23 GMT+II K Hassan Trustee The notes on pagos 23 to 37 form part of thas• financial statsmonts. 21 Exeter City Community Trust Company Limited by Guarantee Statement of Cash Flows Year ended 31 January 2025 2025 2024 Note Cash flows from operating actlvftles Nel income 347,110 321,668 Adjustments for Depreciation of tangible fixed assets Other interest receivable and similar income Accrued expenses 10,150 (77,502) 89,931 10,029 (17,566) 42,821 Changes in.. Trade and other debtors Trade and other Creditors (28,530) 62,541 403,700 207,873 67,369 Cash generated from operations 632,194 Interest receNed 77.502 17,566 Net cash from operating activities 481,202 649,760 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities (9,538) (9,538} (11,635) (11,635) Net increase in cash and cash equlvalents Cash and cash equlvalents at beginning of year Cash and cash equivalents at end of year 471,664 1,870,342 18 2,342,006 638,125 1,232,217 1,870,342 The not•s on pages 23 to 37 fomi part of these financial 8tstements. 22 Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statements Year ended 31 January 2025 General infomiation The charity is a publtc benefrt entity and a piivate company limited by guarantee. registered in England and Wales and a registered chaiity in England and Wales. The address of the registered off￿e is St James Park, Stadium Way, Exeter. Devon, EX4 6PX, UK. Statement of compliance These financial ststements have been prepared in compliance with FRS 102. 'The Financial Reporting Slandard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. Accounting policies Basls of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial ststements are prepared in sterling, which is the functional currency of the entty. Golng concern The Trustees consider there are no material uncertainties aboLrt the Charty's ability to continue. Judgements and key sources of estimation uncertainty The p￿ParatIon of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectstions of future events that are believed to be reasonable under the circumstances. We confirm that there are no significant estimates and judgements. Fund accounting Restricted funds are to be used for specific purposes as laid dovffl by the donor. Expenditure which meet these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitabl8 purposes. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes, 23 Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statsments (¢ontinue¢l) Year ended 31 January 2025 Accounting policles (¢ontinuedJ Incoming resources All income is included in the statement of financial activities when entitlemerrt has passed to the charity. it is probable that the economic benefrts 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 income: income from donations or grants is recognised when there is evidence of entrtlement to the gfft, receipt is probable and its amount can be measured reliably. income from government and other grants. whether capital grants or revenue grants, is recognised when the charity has entrtlement to the funds, any performance conditions attached to the grants have been met, it is probable that income will be received and the amount can be measured reliably and is not deferred. income from contracts for the supply of services is recognised with the delivery of the contracted seNi¢e. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. Resources expendèd Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial actmties to which it relates.. expenditure on charitable activities includes all costs incurred by a charty in undertaking activities that further its charitable aims for the benefrt of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to Gharitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Govemance costs are the costs associated with the governance arrangements of the Charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's adivities. Tangible assets Tangible assets are initially recorded at cost, where the purchase price exceeds £500, and are subsequently stated at cost less any accumulated depreciation and impaimient 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 accumulated impaimient losses. Exeter City Community Trust Company Llmlted by Guarantea Notes to the Financial Statements (¢ontlnuwO Year ended 31 January 2025 Accounting policies (¢oniinuedJ Depreciation 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 follows.. Plant and machinery Computer equipment Motor vehicles Equipment 250/0 Straight line 25OA straight line 250/0 Straight line 20133 /0 Straight line Flnancial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transactlon, 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 received and not discounted. Financial assets that are m8asured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impaimient. an impaimient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. Any reversals of impaimient are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimient not previously been recognised. Cash at bank and in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Short term deposits includes cash balances that are invested in accounts with a maturiiy of between 3 and 12 months. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will18ad to a reduction in future payments or a cash refund. Vslhen 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 liability is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 25 Exeter City Community Trust Company Llmitsd by Guarantee Notss to the Financlal Statements (continued) Year ended 31 January 2025 Llmited by guarantee The trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up the liability in respect of the guarantee is limited to £1. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Grants EFL Trust.. Core funding Education Sports participation Social inclusion Health and wellbeing other 35.000 8.971 47.483 72,121 165,566 25,000 35,000 8,971 152.711 394,671 285,590 25,000 105,228 322,550 120,024 Other donations and legacles Donations 33,435 33,435 387,576 547,802 935,378 Unrestricted Funds Restricted Total Funds Funds 2024 Grants EFL Trust: Core funding Education Sports participatron Social inclusion Health and wellbeing Other 35,000 5,950 30,916 14,085 144,739 27.939 35,000 5,950 105,859 292,875 311,561 27,939 74,943 278,790 166.822 Other donations and legacles Donations 72.461 9,419 81,880 331.090 529,974 861.064 Charitable activities Unrestrided Funds Restricted Total Funds Funds 2025 Education Sports participation Social inclusion Health and wellbeing other income 150,566 449,147 715,205 90,756 4.500 150,566 473,186 728,890 91,031 4,500 24,039 13,685 275 1,410,174 37,999 1,448,173 Exeter City Community Trust Company Limited by Guarantee Notes to the Flnancial Statements (coftdnued) Year ended 31 January 2025 Charltable activltles (contlnuedj Unrestricted Funds Restricted Total Funds Funds 2024 EducatÉon Sports participation Social inclusion Health and wellbeing Other income 152,964 370,374 43,874 82,973 17,513 667,698 152,964 431.851 629.871 83,008 21,513 61,477 585,997 35 4,000 651,509 1,319,207 Other tradlng actlvitles Unrestricted Funds Restricted Total Funds Funds 2025 Sponsorships Fundraising events 30,720 22,200 30,720 22,200 52,920 52,920 Unrestricted Funds Restricted Total Funds Funds 2024 Sponsorships Fundraising events 10,750 (100) 10,650 59.334 70,084 80,000 70,650 Investment income Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 77,502 77,502 17,566 17,566 27 Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statements (¢onllnuedJ Year ended 31 January 2025 9. Expenditure on charitsble activlties by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Education Sports participation Social inclusion Health and wellbeing Support costs 48,322 431,739 474,794 186,380 418,290 48,322 530,759 655,096 282,501 650,185 2,166,863 99,020 180,302 96,121 231,895 1,559,525 607,338 Unrestricted Funds Restricted Total Funds Funds 2024 Education Sports participation Social inclusion Health and wellbeing Support costs 38,798 324,178 136,733 176,872 232,499 909,080 38,798 495,054 610,914 314,380 487,673 1,946.819 170,876 474,181 137,508 255,174 1,037,739 28 Exeter City Community Trust Company Limlted by Guarantee Notes to the Financial Statements (¢ontlnuodJ Year ended 31 January 2025 10. Analysis of support costs 2025 2024 Administrative salaries including employels Nl Staff pension5 Staff training and conferences DBS checks Motor and travel expenses Advertising and promotion Telephone and internet Compuler support and website Printing, stationery and postage Heat and light Rales and water Insurance 107,677 23,544 593 852 41,631 92,855 21,646 2,029 570 46,653 i! 151,262 2,581 4,495 1,509 8,899 70 1,993 120,219 1.693 5,175 2,177 10,046 71 1,586 Repairs and maintenance Cleaning Financial management Bank charges Sundries Depreciation Legal, consultancy and professional fees 1,602 1,674 74,148 5,150 31,809 5,397 179,099 643.985 3,321 3,021 68,539 5,484 28,919 5,370 60,204 479.578 Governance costs Legal fees Audit fee 2,300 5,795 6.200 650.185 487.673 Support costs includes investrnent in King George V Playing Fields Project which is funded via the designated facilty fund per note 22. The total investment during the year was £164.804 {2024'. £48,180>. 11. Net income Net income is stated afler chargingl(crediting): 2025 2024 Depreciation of tangible fixed assets 10,150 10,029 12. Auditors remuneration 2025 2024 Fees payable for the audrt of the financial statements 6,200 5,795 29 Exeter City Community Trust Company Limlted by Guarantee Notes to the Financial Statements (¢ontlnu•d) Year ended 31 January 2025 13. Staff costs The total staff costs and employee benefrts for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Empbyer national insurance Employer pension contributions 1,351,294 92,873 23,544 1,209,009 88,134 21.646 1,467,711 1.318.789 The average head count of employees during the year was 99 {2024: 88) The number of employees whose remuneration for the year fell within the following bands, were: 2025 2024 £60,000 to £69,000 Key Management Personnel Key management personnel include all persons that have authorty and responsibility for planning. directing and controlling the activib.es of the charity. The total compensation paid to key management personnel for serVI￿S provided to the charity was £77,734 (2024: £78.620). 14. Trustee ￿MUneration and expenses No remuneration or other b8nefrts from employment vrfith the charity or a related entity were received by the trustees. Travel expenses of £220 were reimbursed to one trustee during the year (2024.. £nil>. 30 Exeter City Community Trust Company Limited by Guarantee Notes to the Flnanclal Statements (¢ondnu8d) Year ended 31 January 2025 15. Tanglble fixed assets Freehold Plant and Computer property machinery equipment Motor vehicles Equipment Total Cost At 1 Feb 2024 Additions 48,376 1,814 50.190 54,140 7,724 61,864 1,845 13,481 117,843 9,538 At 31 Jan 2025 1,845 13,481 127,381 Depre¢iation At 1 Feb 2024 Charge for the year 41,422 43,516 1,845 11,497 98.280 2,289 6,706 1,155 10,150 At 31 Jan 2025 43,711 50,222 1,845 12,652 108,430 Carrying amount At 31 Jan 202S 6,479 11,642 829 18,951 At 31 Jan 2024 6,954 10,624 1,984 19,563 16. Debtors 2025 2024 Trade debtors Prepayments and accrued income Other debtors 155,910 122,411 5,377 129,184 124,360 1,624 283,698 255,168 17. Invèstments 2025 2024 Short-temi deposits 251,180 243,732 18. Cash and cash equivalents Cash and cash equivalents comprise the following: 2025 2024 Cash at bank and in hand Short-temi deposits 2,090,826 251,180 1,626,610 243,732 2,342,006 1,870,342 31 Exeter City Community Trust Company Limited by Guarantee Notes to the Financlal Statements (¢ontinuedJ Year ended 31 January 2025 19. Creditors: amounts falling due within one year 2025 2024 Trade credrtors Accruals and deferred income Social security and other tsxes other creditors 70,174 469,684 47,921 104,849 23,079 326,930 41,807 148,340 692,628 540,156 20. Deferred income 2025 2024 At 1 February 2024 Amount released to income Amount deferred in year At 31 January 2025 260,631 {260,631) 313,454 225,050 (225,050) 260,631 313,454 260,631 Deferred income represents course and coaching fees and other income sources receivable prior to the yearond but relating to courses and coaching sessions or related expenditure taking place after the year end as follows.. 2025 2024 Running events National Citizen se￿iCe Premier League Kicks Premier League Primary Stars Supported Housing Disabilty Exeter City Women Other education programmes Other sports participation Other social inclusion other health and wellbeing projects Miscellaneous 61,898 15,891 2,917 5,417 42,541 45,841 2.917 8.917 39,635 3,307 32,680 14,662 62,796 14,123 33,272 2,481 14,328 85,857 11,606 45,519 27,480 313.454 260,631 21. Pensions and other post retlrement beneflts Deflned eontribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £23,544 (2024.. £21,646). 32 Exeter City Community Trust Company Llmlted by Guarante Notes to the Financial Ststements (¢ontinugd) Year ended 31 January 2025 22. Analysls of charltable funds Unrestricted funds At Transfers 31 Jan 2025 4t 1 Feb 2024 Income Expenditure General funds Facility fund Girls Football Development 544,832 510,887 1,928,172 {1,394,721) (369,262) (164,804) 748,909 709,021 1,094,992 58,912 438,559 58,912 1,055,719 1,928,172 <1,559,525) 1,862,925 At Transfers 31 Jan 2024 4t 1 Feb 2023 Income Expendf(ure General funds Facility fund Girls Ft)otball Devebpment 546,542 419,600 1.027,004 (909,080) (119,634) 91,287 544,832 510,887 966.142 1,027,004 (909,080) (28,347) 1,055,719 The facility fund represents funds set aside for fLrture capital investment in suitable sports facilities, by means of asset acquisition or improvements to existing facilities that further the charity's mission and increase its capacty to sep4e its beneficiarses. The Girls Football Development fund represent funds to be utilised for activities with respect to girls and womens football. Restricted funds At Transfers 31 Jan 2025 4t 1 Feb 2024 Income Expenditure PL Primary Stars PL Kicks Disabilily Footballlsport Abilty Counts C Fraser Memorial Fund TraineeshipslCoLab Clare Milne Trust Junior Grecians Sporting Memories Covenant fund 8,781 2,729 72,830 35,000 14,152 10,240 {85.588) {36,404) {27,371) (16.441) (211) (3.977) 1.325 13,219 6,201 1,611 1,996 1,800 20,258 1.400 1,996 1,800 22,563 4.168 275 (1,863) (2,818) 2,543 3,030 3,030 33 Exeter City Community Trust Company Limitad by Guarantee Notes to the Financial Statements f¢ontlnued) Year ended 31 January 2025 22. Analysis of charitable funds (eontinu•dJ Exeter City Women Wellbeing Exeter PL Fans Fund Tackling Loneliness Together Creating Connections Fit Fans Supported Housing Terry O'Neill Fund 42,922 (5,382) 8,264 52,270 117.204 25,000 {36,280) (114,082) (24.546) (58,912) {2,260) 8,718 2,820 (1,963) {461) 857 274 37,666 423,488 1,761 549,198 187 37,666 14,223 1,761 89,102 251,842 {259,310) (401,797) 585,801 (607,338) (438,559) At Transfers 31 Jan 2024 4t 1 Feb 2023 Income Expenditure PL Primary Stars PL Kicks Disability Footballlsport Ability Counts C Fraser Memorial Fund TraineeshipslCoLab Clare Milne Trust Junior Grecians Sporting Memories Covenant fund Exeter City Women Wellbeing Exeter PL Fans Fund Tackling Loneliness Together Creating Connedions Fit Fans Supported Housing Terry O'Neill Fund 22,301 11,416 7,415 (3,685} 1,822 1,996 1,800 15,572 (2,277) 3,030 36,669 2,811 4,993 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 42,922 (5,382) 8.264 99,218 111,348 4,167 (92,965} {119,541) {896) 3,093 892 24,049 183,449 1,761 200 87 55,509 809,485 (8,310) (705) (41.892) (569,446) 5,017 274 37,666 423,488 1,761 317.107 1,241,483 {1,037,739) 28,347 549,198 Exeter City Community Trust Company Limited by Guarantee Notes to the Financlal Statements (Contlnu Year ended 31 January 2025 22. Analysis of charitable funds (contlnu•d) PL Primary Stars Funding received from the Premier League Charitable Fund towards the delivery of age appropriate PE and Sport sessions in Primary Schools. This has a deficit in the fund due to adivities being carried out and the related costs being incurred in advance of the funding for those activities. Premier League Kicks A project funded by the Premier League Charitsble Fund together with match funding from number of partners with the aim of using football to bring communities together and engage with young people. It involves football and other sports sessions and the encouragement of volunteering. Disabilty Foolballlsport The fund balance represents the net book value of 2 power wheelchairs purchased with funding from Sport England, together with unspent income from grants receNed specifically for disability projects. Abilty Counts An initiative which offers adults with mental health issues, learning difficulties and physical impaimients the opportunity to engage in regular, stwctured. professional and fun physical training sessions. C Fraser Memorial Fund Funding received in memory of Catherine Fraser to support an annual girls, football toumament. Traineeships Funding to give young people aged 16 to 18 the opportunity lo 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 projed to support veterans of all ages and from all sections of the anned forces who may be socially isolated, lonely and in need of additional support with either transition into civilian lrfe or with regards re-connecting with old friends and building up their support systems. Exeter City Women Financial support by means of grants, sponsorship and other operating income in respect of the operations of Exeter City Women FC. Wellbeing Exeter Funding to support individuals and communities in making physical activty part of their daily lives, and therefore improve their health and general wellbeing. This has a deficit in the fund due to activities being carried out and the related costs being incurred in advance of the funding for those activities. PL Fans Fund Premier League funding for initiatives to improve the match day experience of fans and the local community. 35 Exeter City Community Trust Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 January 2025 22. Anatysis of charitable funds (continued) Tackling Loneliness Together EFL Trust Funding for a project aimed at connecting more older people at risk of loneliness. Creating Connections UK Government funding for an initiative to help people to connect with each other in a vanety of ways including pen pal schemes, social events and phone befriending. Fit Fans A Public Health funded iniiiative commissioned by the EFL Trust. aiming to support an increased number of seNice users living with overweight and obesty to make behavioural and lifestyle changes to reduce and manage their weight, improve their heatth status and their quality of lrfe. Supported Housing A seniice that provides a safe and secure home with support for people to move to independent living. Tenants will likely be homeless, at rlsk of being homeless, living in other temporary accommodation, victims of domestic violence or prison leavers. Terry O'Neill Fund A fund set up with a generous donation from the Terry O'Neill Twst Fund to help to buy football kit and to subsidise other sport and physical activity expenses for young people in need in Exeter. Fund Transfers The transfers to the restricted funds represent the additional costs incurred in carrying out the activty in eX￿sS of the amounts awarded. The transfers from the restricted funds represents the review of fund balances and identification of amounts that are not restricted in nature. 23. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 18.951 2.536.602 {692,628) 1,862.925 18,951 2.625.704 (692.628) 1,952,027 89.102 89,102 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 18,661 1,577,214 {540,156} 1,055,719 902 548,296 19,563 2,125.510 {540,156) 1,604.917 549.198 Exeter City Community Trust Company Limited by Guarantea Notes to the Flnancial Statements (contlnued) Year ended 31 January 2025 24. Analysis of changes in net debt At At 1 Feb 2024 Cash flows 31 Jan 2025 Cash at bank and in hand Current asset investments 1,626,610 243,732 464,216 7,448 2,090,826 251,180 2,342,006 1,870,342 471.664 25. Related partles There were the following transactions during the year with Exeter City A.F.C. Limited of which J Tagg and C Harrison were directors of during the year. Expenditure amounted to £33,487 (2024.. £58,252) in relation to marketing, business development, venue hire, kit, prizes and recharges. Income in respect of rents and sponsorship amounted to £27,950 (2024: £47,532). At the year*nd date balances of £11,574 (2024: £1,250) were due from, and amounts of £5,023 {2024.' £1,757) were due to, the football club in respect of trading ledger balances. There were the following transactions during the year with Exeter College of which R Morshead was a director of during the year. Expenditure amounted to £23,383 in relation to venue hire. Income in respect of services provided amounted to £191,411, At the year-end date balances of £20,798 (2024: £8,560) were due from, and amounts of £3,150 {2024." £1,246) were due to, the college in respect of trading ledger balances. There were the following transactions during the year with Devon Chamber of Commerce of which R Marsh was a director of during the year. Expenditure of £474 in relation to membership fees. At the yearond date balances of £nil (2024: £nil) were outstanding. There were the following transactions during the year with Exeter Chamber of Commerce of which R Marsh was a director of during the year. Expenditure of £1.812 in relation to membership fees. At the year-end date balances of £nil (2024: £nil) were outstanding. There were the following transactions during the year with West Exe Nursery and School of which H Davey and M Davey were directors of durin9 the year. Income of £315 in relation to sessions undertaken. At the year-end date balances of £nil (2024.. £nil) were outstanding. 37