**REGISTERED COMPANY NUMBER: 06464712 (England and Wales) REGISTERED CHARITY NUMBER: 1123078**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MAY 2025**
## **FOR**
## **LUTON TOWN FC COMMUNITY TRUST**
FKCA Limited 260 - 270 Butterfield Great Marlings Luton Bedfordshire LU2 8DL
**LUTON TOWN FC COMMUNITY TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MAY 2025**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**|8|to|9|
|**Cash Flow Statement**||10||
|**Notes to the Cash Flow Statement**||11||
|**Notes to the Financial Statements**|12|to|22|
|**Detailed Statement of Financial Activities**|23|to|24|
**LUTON TOWN FC COMMUNITY TRUST**
**REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 MAY 2025**
|**TRUSTEES**|Mr R J Curson|
|---|---|
||Mr M J McMahon|
||Mr S Sadiq|
||Mr A J Rogers|
||Mr D K Bunyan|
||Mr P G Stephens|
||Mrs J S Smith Human Resources Director (appointed 4.10.24)|
||Mr J D Mooney Operations Director (appointed 4.10.24)|
|**REGISTERED OFFICE**|Kenilworth Road Stadium|
||1 Maple Road|
||Luton|
||Bedfordshire|
||LU4 8AW|
|**REGISTERED COMPANY**|06464712 (England and Wales)|
|**NUMBER**||
|**REGISTERED CHARITY**|1123078|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|FKCA Limited|
||260 - 270 Butterfield|
||Great Marlings|
||Luton|
||Bedfordshire|
||LU2 8DL|
|**BANKERS**|Lloyds Bank|
||60 George Street|
||Luton|
||LU1 2AZ|
|**CHIEF EXECUTIVE OFFICER**|Kerry Downes (to November 2024)|
||Paul Stephens (acting) (December 2024 to|
||May 2025)|
||Daniel Douglas (June 2025 to present)|
Page 1
## **LUTON TOWN FC COMMUNITY TRUST**
## **REPORT OF THE TRUSTEES for the Year Ended 31 MAY 2025**
The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity according to the Memorandum of Association are as follows:
1) To promote community participation in healthy recreation by providing facilities for the playing of association football and other sports capable of improving health.
2) To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving conditions of life.
3) To advance the education of children and young people through such means as the trustees think fit in accordance with the law of the charity.
The charity seeks to achieve these objectives and provide public benefit by providing football coaching courses and events, and by working closely with local schools in the provision of after school and holiday club facilities at a cost which renders them accessible to the local community.
At Luton Town Football Club Community Trust the welfare and safety of our children is paramount. Luton Town Football Club Community Trust have a duty of care to safeguard all children involved in any activity provided by the Trust from harm and to achieve this through adherence to The Football Association's Safeguarding Children Policy and Procedure guidelines adopted by the Trust.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when setting their policies for the year in line with the charity's aims and objectives.
## **Public benefit**
The charity is a public benefit entity.
Page 2
**LUTON TOWN FC COMMUNITY TRUST**
## **REPORT OF THE TRUSTEES for the Year Ended 31 MAY 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Review of Activities and Achievements**
All activity during the 2024/25 period remained aligned with the Trust's 2021-2024 Strategic Delivery Plan. Although this strategy extended operationally into 2025, a formal strategic review process commenced during the year to develop a new strategy for implementation from 2026 onwards. This work has been supported by the successful appointment of a new Head of Trust, who will lead the next phase of organisational development and strategic direction.
Partnerships across the public, private and voluntary sectors remained consistent, supported by strong relationship management and the delivery of positive outcomes. The Trust maintained existing collaborations and continued to work closely with partners to maximise community impact.
During the spring term, the Trust's Youth Development teams participated in both overseas tours and residential activities. These experiences provided structured opportunities for personal development, team building and social growth beyond regular football provision. In total, 130 participants took part in the overseas tours, while 234 participants attended the domestic residential held at Stowe School, Buckingham.
Our Post-16 students competed throughout the season in the Community and Education Football Alliance leagues, demonstrating strong commitment and progression across the academic year. The season concluded with an end of year celebration event, recognising the achievements and development of both squads.
Our holiday camps were highly successful throughout the season, featuring visits from first-team players of Luton Town FC. Participants had a great time while developing their football skills in a fun and supportive environment.
Our talent identification program, which offers participants the chance to take part in advanced weekly sessions run by Community Trust staff, continued to thrive. Several participants were invited to trial with our Youth Development setup, marking the next step in their football journey with us.
Our schools focused programmes including Premier League Primary Stars and Secondary Schools Support continued to grow by engaging new partners and delivering high quality interventions and activities. Targeted interventions (PSHE, English and football focused activities) and girls only activities continued to be very popular with partners throughout the county.
The Trust delivered the Supporting Luton into Employment programme, funded by the Premier League and the Professional Football Association. The programme aims to improve participants' employment prospects and support progression into education, employment and training. Delivery during the year was further sustained through an additional grant from Bedfordshire and Luton Community Foundation, ensuring continuity of provision and participant support.
The Trust secured continued funding from Bedfordshire and Luton Community Foundation to enhance youth work delivery through the Premier League Kicks programme. Weekly sessions regularly engaged over 150 young people, providing informal education, structured activities and access to information, advice and guidance within a safe and supportive environment. Delivery was further strengthened through an additional grant from the rebranded Violence Exploitation Prevention Partnership (formerly the Violence and Exploitation Reduction Unit), enabling the continuation of free to access football provision across Bedford and Central Bedfordshire in partnership with local agencies and the Police.
The Trusts Ability Counts sessions continued throughout the year and were further supported by a donation from Clear Foundation, contributing to programme sustainability and inclusive participation. The Trust also continued mentoring support for individuals on probation from ethnically diverse backgrounds, delivered under the EFL funded Your Next Step initiative.
## **FINANCIAL REVIEW**
## **Financial position**
The charity made a deficit of £56,473 for the year ended 31 May 2025 (2024 Deficit: £103,897). The funds held by the charity as at the year ended 31 May 2025 are stated under reserves policy.
Page 3
**LUTON TOWN FC COMMUNITY TRUST**
## **REPORT OF THE TRUSTEES for the Year Ended 31 MAY 2025**
## **FINANCIAL REVIEW**
## **Principal funding sources**
The charity is principally funded from coaching income, supplemented by grants and donations.
How these resources support the key objectives of the charity is detailed above in the 'Achievements and Performance' section of the report of the trustees.
## **Reserves policy**
The Trustees review the reserves policy on a regular basis to ensure that reserves are maintained at a level that is consistent with the charity having sufficient funds to operate at its planned activity levels considering the various financial risk factors that have been identified.
It is intended that the charity will currently operate with reserves at a level that equates to at least three months Unrestricted operating costs and a contingency fund has been set up for this purpose. The deficit for the year caused the level of reserves at 31 May 2025 to fall below this target. The Trust's performance is being managed closely through the year ending 31 May 2026 with the aim to replenish reserves back to the target level in the short term.
Since the year end the Trust has moved out of its premises at Ely Way and the temporary office accommodation in Luton and has moved into office space provided by Luton Town Football Club. As such there is no short-term requirement to restate the Relocation Project Reserve, which was £nil at 31 May 2025.
The balances in unrestricted funds and restricted funds as at 31 May 2025 were £112,407 and £27,500 respectively (2024: £191,380 and £5,000), a total of £139,907.
## **Going concern**
The trustees have considered the financial health of the charity and are confident that at the date of signing, will continue as a going concern for the foreseeable future.
## **FUTURE PLANS**
The Trust will be launching a new strategy in 2026 with a new Head of Trust in place, this follows consultation with stakeholders which started back in the autumn 2023. The process has provided the Trust with valuable insight, feedback and perspectives from a diverse range of individuals and organisations. This inclusive approach can help to ensure that the new strategy addresses the priorities and challenges specific to Luton and Bedfordshire and foster a sense of ownership and collaboration.
The Trust is also working with the club to strengthen their partnership with a range of exciting partnership opportunities that will be utilised to meet its charitable objectives.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The organisation is a charitable company limited by guarantee, incorporated on 7 January 2008 and registered as a charity on 5 March 2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10. This liability remains for one year after ceasing to be a member in respect of debts incurred whilst a member.
## **Recruitment and appointment of new trustees**
The Trustees are responsible for the identification of potential new trustees and their subsequent nomination for appointment. They seek to ensure that the Board has representation from a broad range of interests and skills.
Page 4
## **LUTON TOWN FC COMMUNITY TRUST**
## **REPORT OF THE TRUSTEES for the Year Ended 31 MAY 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The Board of Trustees shall, according to the Articles of Association, be not less than three but shall not be subject to any maximum.
The Board meets quarterly on a formal basis and has additional ad hoc meetings frequently to discuss specific areas for development and support. The day-to-day organisation and management of the Trust were overseen by Paul Stephens in an interim capacity during the year. From June 2025, Daniel Douglas was formally appointed as Head of Trust and assumed responsibility for operational leadership, working closely with the Board of Trustees and drawing on their support and oversight as required. Formal agendas, papers and reports are supplied to Trustees in a timely manner prior to meetings. Full minutes of all formal meetings are produced and circulated to Trustees.
The Trust has a Finance and Risk Committee that reports to the Board of Trustees quarterly.
## **Induction and training of new trustees**
The induction process for any newly appointed Trustee comprises of an initial meeting with the Board of Trustees for an understanding of the work of the Charity and the responsibilities of the Trustees. Each trustee is given a copy of the Charity Commission's guidance "The Essential Trustee: What You Need to Know" and receives governance training.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The key business risks affecting the charity relate to its funding sources, operational financial risks and project risks. The Board of Trustees and senior executives review the risks of the charitable company on a regular basis and have implemented policies and procedures to mitigate exposure to these risks, to ensure compliance with health and safety standards for staff and scheme participators and to ensure that that all regulations regarding the management and contact with children are adhered too. In addition, a review of all financial risks is undertaken on a regular basis.
The Trust is confident that major risks to which it may be exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr R J Curson - Trustee
Page 5
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LUTON TOWN FC COMMUNITY TRUST**
## **Independent examiner's report to the trustees of Luton Town FC Community Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2025.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Miss Tara Aldwin ACA
FKCA Limited 260 - 270 Butterfield Great Marlings Luton Bedfordshire LU2 8DL
Date: .............................................
Page 6
## **LUTON TOWN FC COMMUNITY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 MAY 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**Charitable activities**
5
Football Development
Community Football
Investment income
4
**Total**
**EXPENDITURE ON**
**Charitable activities**
6
Football Development
Community Football
Grant funded activities
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
23,325
304,366
224,423
515
552,629
264,965
257,859
108,778
631,602
(78,973)
191,380
112,407|Restricted
funds
£
446,007
-
-
-
446,007
-
-
423,507
423,507
22,500
5,000
27,500|2025
Total
funds
£
469,332
304,366
224,423
515
998,636
264,965
257,859
532,285
1,055,109
(56,473)
196,380
139,907|2024
Total
funds
£
246,084
403,449
304,686
632
954,851
421,804
346,883
290,061
1,058,748
(103,897)
300,277
196,380|
|---|---|---|---|---|
The notes form part of these financial statements
Page 7
## **LUTON TOWN FC COMMUNITY TRUST**
## **BALANCE SHEET 31 MAY 2025**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
11
3,802
**CURRENT ASSETS**
Stocks
12
-
Debtors
13
62,757
Cash at bank
98,576
161,333
**CREDITORS**
Amounts falling due within one year
14
(52,728)
**NET CURRENT ASSETS**
108,605
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
112,407
**NET ASSETS**
112,407
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
123,834
123,834
(96,334)
27,500
27,500
27,500|2025
Total
funds
£
3,802
-
62,757
222,410
285,167
(149,062)
136,105
139,907
139,907
112,407
27,500
139,907|2024
Total
funds
£
8,634
10,440
87,325
312,867
410,632
(222,886)
187,746
196,380
196,380
191,380
5,000
196,380|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
## **LUTON TOWN FC COMMUNITY TRUST**
## **BALANCE SHEET - continued 31 MAY 2025**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr P G Stephens - Trustee
The notes form part of these financial statements
Page 9
## **LUTON TOWN FC COMMUNITY TRUST**
## **CASH FLOW STATEMENT for the Year Ended 31 MAY 2025**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|2025
£
(90,972)
(90,972)
-
515
515
(90,457)
312,867
222,410|2024
£
123,818
123,818
(2,009)
632
(1,377)
122,441
190,426
312,867|
|---|---|---|
The notes form part of these financial statements
Page 10
## **LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 MAY 2025**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net expenditure for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Loss on disposal of fixed assets
Interest received
Decrease in stocks
Decrease in debtors
(Decrease)/increase in creditors
**Net cash (used in)/provided by operations**|2025
£
(56,473)
1,762
3,070
(515)
10,440
24,568
(73,824)
(90,972)|2024
£
(103,897)
3,093
-
(632)
10,043
7,858
207,353
123,818|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**|At 1.6.24
£|Cash flow
£|At 31.5.25
£|
|---|---|---|---|
|Cash at bank|312,867|(90,457)|222,410|
||312,867|(90,457)|222,410|
|**Total**|312,867|(90,457)|222,410|
The notes form part of these financial statements
Page 11
**LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MAY 2025**
## **1. STATUTORY INFORMATION**
The organisation is a charitable company limited by guarantee, registered in England and Wales. The charities registered number and registered office address can be found on the Reference and Administrative Details page.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentational currency is pound sterling.
The trustees have considered the financial health of the charity and there is no material uncertainties which cast doubt on the charities ability to continue as a going concern. The trustees are confident that the charity, at the date of signing, will continue as a going concern for the foreseeable future.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The following policies are applied to particular categories of income:
Income received by way of grants and donations is included in full in the Statement of Financial Activities when receivable.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Incoming resources from charitable trading activity are accounted for when earned.
## **Government grants**
Government grants are recognised in the statement of financial activities within other income when it is deemed to be receivable by the charity.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Charitable activities**
Charitable activities comprise the direct costs of providing education and coaching facilities to children and other groups, whether as part of the football development programme or community football programme, plus related support costs.
continued...
Page 12
**LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **2. ACCOUNTING POLICIES - continued**
## **Governance costs**
Governance costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include costs related to the independent examination of the Charity and accountancy charges.
## **Allocation and apportionment of costs**
Overhead and support costs have been allocated between charitable activities based on an estimate of time spent or usage by the activity to which they relate. The allocation is analysed in the notes to the accounts.
## **Tangible fixed assets**
Tangible fixed assets held for the charity's own use are stated at cost less accumulated depreciation and accumulated impairment losses
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance Computer equipment - 33% on reducing balance
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Donated services**
In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised in the financial statements.
## **Value added tax**
Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Financial Activities.
## **Debtors, cash and creditors**
## **Debtors**
Debtors are recognised at the settlement amount due.
## **Cash at bank and in hand**
Cash at bank represents the balance in the bank as at the year end which includes both restricted and unrestricted funds.
## **Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
continued...
Page 13
**LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **3. DONATIONS AND LEGACIES**
|Football League
Donations
Premier League
Other grants
Grants received, included in the above, are as follows:
Love 2 Donate
UCL Virgin
ESC Lottery
BLCF
Barth Consulting
Bedfordshire Football Association
The clear foundation
Wixam Tree Trust
AMAZON
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Coaching and education
Football Development
Kit and equipment
Football Development
Coaching and education
Community Football|2025
£
62,978
925
347,917
57,512
469,332
2025
£
-
-
15,000
17,503
2,443
816
15,000
6,000
750
57,512
2025
£
515
2025
£
303,691
675
224,423
528,789|2024
£
13,406
165
222,396
10,117
246,084
2024
£
5,117
5,000
-
-
-
-
-
-
-
10,117
2024
£
632
2024
£
392,973
10,476
304,686
708,135|
|---|---|---|
continued...
Page 14
**LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **6. CHARITABLE ACTIVITIES COSTS**
|Football Development
Community Football
Grant funded activities|Direct
Costs
£
228,042
238,192
497,780
964,014|Support
costs (see
note 7)
£
36,923
19,667
34,505
91,095|Totals
£
264,965
257,859
532,285
1,055,109|
|---|---|---|---|
## **7. SUPPORT COSTS**
|Management
£
Football Development
29,934
Community Football
16,174
Grant funded activities
27,517
73,625|Governance
Finance
costs
£
£
855
6,134
427
3,066
854
6,134
2,136
15,334|Totals
£
36,923
19,667
34,505
91,095|
|---|---|---|
Support cost allocation is split according to the estimated staff time spent on each activity. The basis used is a cost split of 40% to football development, 20% to community and 40% to grants. This is with exception of costs which are used solely for each purpose.
Support costs, included in the above, are as follows:
## **Management**
|**Management**|||
|---|---|---|
|Rent and rates|Grant
Football
Community
funded
Development
Football
activities
£
£
£
10,886
5,443
10,885|2025
2024
Total
Total
activities
activities
£
£
27,214
21,756|
|Telephone|3,794
1,897
3,794|9,485
2,700|
|Printing and stationery|120
60
120|300
167|
|Sundries|8,477
4,238
8,477|21,192
32,318|
|Motor and travelling|||
|expenses|5,622
2,811
5,622|14,055
15,372|
|IT Support|(1,381)
(691)
(1,381)|(3,453)
5,789|
|Depreciation of tangible and|||
|heritage assets|881
881
-|1,762
3,093|
|(Profit)/loss on disposal of|||
|fixed assets|1,535
1,535
-|3,070
-|
||29,934
16,174
27,517|73,625
81,195|
continued...
Page 15
## **LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **7. SUPPORT COSTS - continued Finance**
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|2025|2024|
|Grant|
|Football|Community|funded|Total|Total|
|Development|Football|activities|activities|activities|
|£|£|£|£|£|
|Bank charges|855|427|854|2,136|1,371|
|Governance costs|
|2025|2024|
|Grant|
|Football|Community|funded|Total|Total|
|Development|Football|activities|activities|activities|
|£|£|£|£|£|
|Independent exam|600|300|600|1,500|1,320|
|Independent examiners'|
|remuneration for other work|3,429|1,714|3,429|8,572|5,821|
|Consultancy fees|2,105|1,052|2,105|5,262|4,473|
|6,134|3,066|6,134|15,334|11,614|
**----- End of picture text -----**
## **8. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
**----- Start of picture text -----**
||||
|---|---|---|
|2025|2024|
|£|£|
|Independent exam|1,500|1,320|
|Other non-assurance services|8,572|5,821|
|Depreciation - owned assets|1,762|3,093|
|-|
|Deficit on disposal of fixed assets|3,070|
**----- End of picture text -----**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
During the year, Paul Stephens (a trustee) received remuneration of £19,265 (2024: £nil) in their role as acting Head of Trust. The Trust's Governing document was amended to enable this arrangement.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
## **10. STAFF COSTS**
**----- Start of picture text -----**
||||
|---|---|---|
|2025|2024|
|£|£|
|Wages and salaries|625,490|560,880|
|Social security costs|44,166|37,903|
|Other pension costs|9,969|9,434|
|679,625|608,217|
|The average monthly number of employees during the year was as follows:|
|2025|2024|
|Employed staff|17|23|
**----- End of picture text -----**
continued...
Page 16
## **LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **10. STAFF COSTS - continued**
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|||2025|2024|
|---|---|---|---|
|£60,001|- £70,000|1|1|
Key Management Personnel Compensation in total amounted to £93,693 (2024: 69,689).
## **11. TANGIBLE FIXED ASSETS**
|**COST**
At 1 June 2024
Disposals
At 31 May 2025
**DEPRECIATION**
At 1 June 2024
Charge for year
Eliminated on disposal
At 31 May 2025
**NET BOOK VALUE**
At 31 May 2025
At 31 May 2024
**12.**
**STOCKS**
Stocks
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments and accrued income|Motor
Computer
vehicles
equipment
£
£
28,248
7,863
(23,000)
-
5,248
7,863
24,244
3,233
234
1,528
(19,930)
-
4,548
4,761
700
3,102
4,004
4,630
2025
£
-
2025
£
48,473
14,284
62,757|Totals
£
36,111
(23,000)
13,111
27,477
1,762
(19,930)
9,309
3,802
8,634
2024
£
10,440
2024
£
25,897
61,428
87,325|
|---|---|---|
continued...
Page 17
**LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
|Trade creditors
Accruals
Deferred income|2025
£
13,701
5,699
129,662
149,062
**2025**
147,500
129,662
-147,500
129,662|2024
£
70,227
5,159
147,500
222,886|
|Deferred income at beginning of year
Income deferred in the year
Amounts released to income
Deferred income at end of year|||
Deferred income represents restricted funding where conditions have not been fulfilled yet.
## **15. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Contingency fund
**Restricted funds**
Premier League Charitable Fund
UCL Virgin
The clear foundation
**TOTAL FUNDS**|At 1.6.24
£
41,380
150,000
191,380
-
5,000
-
5,000
196,380|Net
movement
in funds
£
(78,973)
-
(78,973)
17,500
(5,000)
10,000
22,500
(56,473)|Transfers
between
funds
£
37,593
(37,593)
-
-
-
-
-
-|At
31.5.25
£
-
112,407
112,407
17,500
-
10,000
27,500
139,907|
|---|---|---|---|---|
continued...
Page 18
## **LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **15. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Premier League Charitable Fund
Football League Community
English Football League
UCL Virgin
ESC Lottery Fund
Bedfordshire & Luton Community
foundation
Barth Consulting
Bedfordshire Football Association
The clear foundation
Wixam Tree Trust
**TOTAL FUNDS**|Incoming
resources
£
552,629
347,917
33,403
12,925
-
15,000
17,503
2,443
816
10,000
6,000
446,007
998,636|Resources
expended
£
(631,602)
(330,417)
(33,403)
(12,925)
(5,000)
(15,000)
(17,503)
(2,443)
(816)
-
(6,000)
(423,507)
(1,055,109)|Movemen
in funds
£
(78,973)
17,500
-
-
(5,000)
-
-
-
-
10,000
-
22,500
(56,473)|
|---|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Contingency fund
Designated fund - Relocation Project
**Restricted funds**
Premier League Charitable Fund
UCL Virgin
**TOTAL FUNDS**|At 1.6.23
£
86,277
150,000
50,000
286,277
14,000
-
14,000
300,277|Net
movement
in funds
£
(94,897)
-
-
(94,897)
(14,000)
5,000
(9,000)
(103,897)|Transfers
between
funds
£
50,000
-
(50,000)
-
-
-
-
-|At
31.5.24
£
41,380
150,000
-
191,380
-
5,000
5,000
196,380|
|---|---|---|---|---|
continued...
Page 19
## **LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **15. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Premier League Charitable Fund
Football League Community
UCL Virgin
**TOTAL FUNDS**|Incoming
resources
£
717,549
222,396
9,906
5,000
237,302
954,851|Resources
expended
£
(812,446)
(236,396)
(9,906)
-
(246,302)
(1,058,748)|Movemen
in funds
£
(94,897)
(14,000)
-
5,000
(9,000)
(103,897)|
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Contingency fund
Designated fund - Relocation Project
**Restricted funds**
Premier League Charitable Fund
The clear foundation
**TOTAL FUNDS**|At 1.6.23
£
86,277
150,000
50,000
286,277
14,000
-
14,000
300,277|Net
movement
in funds
£
(173,870)
-
-
(173,870)
3,500
10,000
13,500
(160,370)|Transfers
between
funds
£
87,593
(37,593)
(50,000)
-
-
-
-
-|At
31.5.25
£
-
112,407
-
112,407
17,500
10,000
27,500
139,907|
|---|---|---|---|---|
continued...
Page 20
## **LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **15. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Premier League Charitable Fund
Football League Community
English Football League
UCL Virgin
ESC Lottery Fund
Bedfordshire & Luton Community
foundation
Barth Consulting
Bedfordshire Football Association
The clear foundation
Wixam Tree Trust
**TOTAL FUNDS**|Incoming
resources
£
1,270,178
570,313
43,309
12,925
5,000
15,000
17,503
2,443
816
10,000
6,000
683,309
1,953,487|Resources
expended
£
(1,444,048)
(566,813)
(43,309)
(12,925)
(5,000)
(15,000)
(17,503)
(2,443)
(816)
-
(6,000)
(669,809)
(2,113,857)|Movement
in funds
£
(173,870)
3,500
-
-
-
-
-
-
-
10,000
-
13,500
(160,370)|
|---|---|---|---|
The contingency fund is being held in line with the charity's reserves policy as detailed in the report of the trustees.
## **Streetgames UK**
This fund contributes towards to delivery of PL Kicks across all our sites. Kicks works with disengaged young people aged 11 to 19 in Luton and uses sport as a hook to engage, inspire and educate through the provision of late night soccer centres and associated workshops for over 250 participants every week.
## **Premier League Charitable Fund**
Provides funding for our flagship Primary Stars and KICKs projects. Primary Stars works in support of PE delivery staff in local schools to improve the delivery and provision of school sport to primary age children. KICKs works with disengaged young people aged 11 to 19 in Luton and uses sport as a hook to engage, inspire and educate through the provision of late night soccer centres and associated workshops for over 250 participants every week. In addition to this Premier League provides funding for other projects these include the Fans Funds which we use to fund our Hatters Hub which is for adults over 50, our South Asian project which aims to increase South Asian boys and girls participation in football and Support Luton into Employment which looks to help people over the 18 into full time employment or full time education.
## **Football League Community**
Provides central unrestricted funding to support all of the Trusts charitable activities. In addition provides specific funding for projects including Fit Hatters project which aims to help with lifestyle changes for overweight community members through exercise classes and workshops. Funds also provided for Wildcats and PL Kicks.
## **Beds and Luton Community Youth Fund**
This fund contributes towards the delivery of PL Kicks, mainly Lea Manor and Stockwood Park.
## **The National Literacy**
This funding was received in respect of a Primary Stars Literacy event ran by the charity during the year.
continued...
Page 21
**LUTON TOWN FC COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MAY 2025**
## **15. MOVEMENT IN FUNDS - continued**
## **UCL Virgin**
This is funding for the asylum seeking project that has yet to take place.
## **The Clear Foundation**
Funding was received to support the continuation of the Ability Counts inclusion programme, enabling the Community Trust to provide accessible football and physical activity opportunities for participants with disabilities and additional needs.
## **Barth Consulting**
Funding was received to support the delivery of community focused activities. The funds were raised through a charitable golf day hosted by Barth Consulting, with proceeds allocated to support Trust programme delivery.
## **Wixam Tree Trust**
This funding supported the delivery of a weekly girls only football session as an early intervention for young women at risk of anti-social behaviour, youth crime and exploitation. The programme provided a safe, positive space to engage participants and support early preventative outcomes.
## **ESC Lottery Fund**
This grant supported an additional weekly disability programme, increasing access to inclusive physical activity opportunities.
## **English Football League**
Unrestricted funding to support internal services and enable the continued development of existing programmes.
## **Luton Council**
This grant supports family social prescribing in Luton, addressing issues linked to the social determinants of health. It also supports the health and care system through a local system navigation approach.
## **Transfers between funds**
During the year, the trustees approved a transfer from the contingency fund to the general fund to address the deficit arising in the period. Additional information is set out in the Report of the Trustees.
## **16. RELATED PARTY DISCLOSURES**
During the year, key management personnel were reimbursed £8,509 (2024: £4,085) for expenses incurred.
## **17. ULTIMATE CONTROLLING PARTY**
The Trust is jointly controlled by the board of Trustees.
Page 22
**LUTON TOWN FC COMMUNITY TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MAY 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Football League
Donations
Premier League
Other grants
**Investment income**
Deposit account interest
**Charitable activities**
Coaching and education
Kit and equipment
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Bad debts
Catering
Coaching expenses
Venues
Tour costs
**Support costs**
**Management**
Rent and rates
Telephone
Printing and stationery
Sundries
Motor and travelling expenses
IT Support
Motor vehicle depreciation
Computer equipment depreciation
(Profit)/loss on disposal of fixed assets
**Finance**
Bank charges|2025
£
62,978
925
347,917
57,512
469,332
515
528,114
675
528,789
998,636
625,490
44,166
9,969
14,303
3,200
77,328
109,659
79,899
964,014
27,214
9,485
300
21,192
14,055
(3,453)
234
1,528
3,070
73,625
2,136|2024
£
13,406
165
222,396
10,117
246,084
632
697,659
10,476
708,135
954,851
560,880
37,903
9,434
22,038
9,176
46,570
86,067
192,500
964,568
21,756
2,700
167
32,318
15,372
5,789
1,335
1,758
-
81,195
1,371|
|---|---|---|
This page does not form part of the statutory financial statements
Page 23
**LUTON TOWN FC COMMUNITY TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MAY 2025**
|**Finance**
**Governance costs**
Independent exam
Independent examiners' remuneration for other
work
Consultancy fees
Total resources expended
**Net expenditure**|2025
£
1,500
8,572
5,262
15,334
1,055,109
(56,473)|2024
£
1,320
5,821
4,473
11,614
1,058,748
(103,897)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 24