Roglstored numbor-. 06614473 Charlty numbor- 1125101 SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 FOUNDATION rqE .LJ6'S DFFIC.',IL CAJlRir¥ WR Partners ProtettiNJ yourluture.
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company Ilmited by guarantee) CONTENTS Page R•for•nc• and admInlstrad dotalh of the Charlty, Its Tru•t••¥ nd dvlMrn Trust••s' r•port Ind•p•nd•nt audltors. roport on th• flnan¢lal slat•m•nts statsm•nt of Ilnanclal actlvltl•s 2-11 12-15 16 Balan •h••t 17-18 Statwn•nt of cash flow¥ 19 Nots# to th• flnan¢lal #tatements 20-42
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company Ilmlt•d by guarantso) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 M E Bramall M Bull lappolntsd 6 March 20251 A Dodd (appointed 6 March 20251 Acrane L Do0Y D E¢]rdS Iraslgnad 21 Novembar 20241 K Higgin8 lappointed 6 Marth 20251 R Jervls J Masi (resigned 9 December 20241 M Millw Ir8signed 20 November 20251 L RSmmer H Thome, Chair of Trustees L Towern Irosigne¢J 7 J8nuary 20261 Company rogl•tor8d numb•r 06614473 Charfty r•gl•tw•d numb•r 1125t01 R•glst•r•d offic• The Croud Meadow 01oley Road Shrewsbury Shrop$hlre SY2 6ST Foundatlon DITO¢tor Shln Aulfa Indopendont audltors WR Parb)grs Chartergd Accountants Bdrnont House Shrewsbury Buslness Pa Shrew8bury Shropshire SY2 6LG Bank•rs Baietays Bank 44, cast Street Shrewsbury Shrop$hiro SY12BU Senlor rnanag•m•nt toam Shln Aujla- Foundation Director Towers- Head of Flnance Pa1
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company Ilmltad by guaront891 TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together wth th• 8udit8d fin8na81 st8tern8nts of the Charity for the y88r ended 31 August 2025. The trustees hav8 adopted the provisions of the Statement of Recommended Practice ISORPI'Accounb"ng and Reporting by Charities. in preparing the annual report and financial stalem&nts of the Charity. Th8 fin8ncr81 stateTnen15 have been prepared in accordance with the accounting pollcles set out In notes to the accounts and compty with the Charitys governing drumernt. the Charities Act 2011 and Accounting and Reporting by Chariti8s'. Statèmant of Rewmmended Practice applicable to charities preparing their ac£ounts in accordance with the Financial Reporting Standard applicable In the UK and Republie of Ireland publlshed In October 2019. Obl•ctlves and actlvities . Poli¢io$ and objectives Shrewsbury Town Football Club Foundation has 3 main objectives- To promote community partiapation and healthy crall0 by prowding facilities for the play'ng of association football and other sports capable of improving health I"facAlities" in this GLiuse means land, buildings, equiprnenl and organising sports'ng activities}', To prod* and 8SSi8t in provlding facileS for sport, recreation or other l&sure time occupation of such persons who have neod for ssjch facilities by reason of thoir youth. age, infirrnity or disablemenL privat& or social welfara and th the object of irnproving their conditions of life., a To advance the education of childrgn and young people through such means as the Iru51ees think fil in accordance with the law of charity. In setting objectiv8s and planning for actiwties, the Trustees have given du& consideration to general guidance published by the Charity Commission relating to public benefit, including the guldan¢e'Publi¢ benefit.. runnlng a charity IPB21'. Page 2
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company limited by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 ObJectlv•$ and actlyldes Icontlnued) b. Strateghs for *chl•vlng obJ•etlv•s OUR VISION To take Shrewsbury Town Football Club Foundation into Ihe heart of the kxal (x)fflmuntty. empoworfng poopl8 to alsg thglr potantial and achwe their goals. OUR MISSION ShrewstrNJry Town Football Club Foundation's mission is simple-lo utifigs th& wwer of sport to engage. inspire and strangthen our Iwl ¢ommunlty. OUR VALUES We are proud ol what we do here at Shrewsbury Town Football Club Foundatlon. and avgry one of our t&arn makes sure that we uphold the folkng valuès-. Professional- Our workforc8 are coachès. mantors. taachèrs and role models and always ¢onduct thèmsafvès in 8 professional mannér. Passionat•- Wa ara passionat8 8LK)ut what Wg delNgr for Shrewsbury Tovm Football Club Foundation, a1 how we can make a difference for the community we live in. Inclusive- We are committed lo supporting all of our participants regardlass of Tace, gender or ability and will ensure that our programmes reflect this. Proactive- We are delerrnined lo be forward thinking. InralIVe and ambitious in continually looking to improve our perforniare and impact. Caring- Ourworkforc8 car85 a lol about ourwork and our local community. Fun - W8 want all parliclpants to share our enjoyrnent and enthusiasm In what we deliver- in a fun and safe environment. Page 3
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA ¢ompany Ilmlt•d by guar•nt••) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 ObJ•ctlvM and a¢dvlll•$ (¢onItnd) ¢. Pthivltlm und•rtak•n to achlov• obJ•ctlv•• HeAtth & Wellteing Extsx Time Hub8 Walking Fcvtboll Exorci88 on R8ferr81 Parkinson's Hub Veterans Hub Fostsr Carers Hub Demenlia Hub EdUCats( & Employabllty BTEC Fwiball & Education USW Community Coachlng Degre Premlgr Lgaguo Prlrnary Stsrs Reading the Game CurricLTrlum Cooching Extra Cuth¢ular Club8 PL Kicks Hollday. A¢tivttte8 and Food Programme Game¢hanger5 UK Shar8d Prospgrity Fund (Make Sport Workl DWP Shrop8hlre Youth Hub F¢JOtball Devalopmenl Mole player pathway (Player Development Centre & Advanced Developm•nl Cntr•l Female playor pathway (Advanced Devefopmant Centre & Emerging Talent Centrel Youth dgvglopment phas8113 1651 Soccer SchrK18 & Multi Sport Courses Shr8wsabllity Short Bak8 Mini Kickers Fad1 Davelopmtnt Ludlow F¢olball Stadlum Cornmunty Football Hub Media & Tralnlng Suit¢ Foundation Building Arbficlal 3G Pltth Pag8 4
SHREWS8URY TOWN FOOTBALL CLUB FOUNDATION IA Company limited by guaranto91 TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 AUGUST 2025 Oblectlves and actlvltl8s Icontlnuadl d. Voluntser¥ The Charity is grateful for the volunteers linduding Stud8rit51 who are involved in 5eMc8 provision and fundraising. It is estlmat8d that ovèr 3.750 volunteer hours were provided duriThJ the year. If this is cons&rv81ivety Valued at £13 an hour the volunteer effort amounis lo over £48.850. strateglc report Ach5ev•m•nts and p•rfomianeè a. Summary This year the Charity has shown adaptability and resili8nc8 in 8 diffieuh climatè. It was unablè to sècure an extension lo thè Shrewsbury PCN contrad providing the exercise on referral programme but did secure an extension of the govemment funded Youth Hub and Make Sport Work programmes. In football delivery and primary school rrilUM. which thè Charity has been involved with for year5, the ernphasis ha5 been to improv8 tha quality of the prograrnmes delered. It is important to remember that without the paiticipants. students, parents. funders, partners, volunteers, staff and Iruslee5. the Charitywould not be able to delivar th8 inspiring and sometimes life changing work across Shropshire. b. Main achievements ol the Charity Some of the major achievements ofthe year are: The continued success and growth of the Shrewsbury Town College and University The extension ofthe Youth Hub and Make Sport work progr8mmes focusing on young people not currendy in employment Increased use ol the facilf(ies by grassroots clubs. particularly in Shrowsbury Fwtball coaching delivery across Shropshir8 With continued 3trenglhening of the girfs. p8lhw8y Growth in both our PL Ki¢k$ and disability programmes Engagernenl with primary school age children from tha Rèading the Gam$ projact to curriculum activities to the Holiday, Activity and Food programmg. e. Kay p•rformanee Indicators 2025 £1,595,038 £131.0921 2024 £1,529,426 £45,447 Incoffle Surplusldeficil Page 5
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company limited by guaranteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 AUGUST 2025 strateglc rgport Iconwnued) Aehl•v•m•nts and p•rformane• leontinu•dl d. Review of activlties H•alth and W•llbolng The contract wrth the Shrewsbury PCN for the Exercise on Referral prograrnme ended on 31st December 2024 8nd resurted in the scaling b8ek ol th6 h68lth and wallbaing offering. How8ver, the charity has continued to provide tre Extra Time. Veterans and Parkinson'5 Hub. This year has also seen the addition of a Foster Carers hub supported by Shropshire Council and a Dementia Hub. The Walking Football prograrnrne provides a great way io rernain phy3ically. mentally and 50cialty activ• wth the opportunty to still enjoy baautrful gamè and meet and socialise with friends and other people. Educatlon & Employablllty The primary education team have continued to deliver the Premier League Primary Stsr8 IPLPSI project to a v&ry high quality and hava also piovided curriculum and after school club support lo an increasing nurnber of primary schools across Shropshire. Additionally. the charitys he8tthy1rf85ty8 and litei8cy projects which includes 'Reading the Game, have been delivered to schooL8 across Shropshire. Successful delNery of the Holiday, Actiwty and Food IHAFI project saw parb'cipants take part in Christrnas, Easter and Summer holiday activities with hundreds of meals distributed over this tsme. The Gamechangers programme has had a significant and lasting impact on the young people we've workad wtth. helping Ih8m build confiden, skills dear pathways for their futurès. Since September 2024, the programme has engaged 702 unique sludents, supported by 42 dedicaled volunteers frorr both otjr organisatk and external partners. This consistent support neOrk has enabkd students to access meaningful opportunib'es. with 193 young people progressing into further education, Ir8ining or qualffic81ions. In gdditK>n, students have completed 210 accredited cours&s. ranging from the FA Referee Course and Intro to Sports Coaching to Playmak8r5. Youth Sport5 Lead8r5. First Aid and Saf8guarding. Tog8ther. the5a achievements highlight how Gamechangefs is not onty expanding students, experiences but also equipping th&m wf(h r8o)gnised skills and quallfications Ihat open doors lo nèw ambitions and luture careers. Delivered in partnership wrth SCL Education, the Charitys college programrne is now embedded wthin the Ilfè of the Charity and has se¢n ¢onsistent nLJmb¢rs of students engaging. This in tum has led to increasing numbers of students on the higher educabon courses in partnership with the University of South Wal6s. Many of these students fulfil their volunteer hours with the charity and some have become part of the workforce once they h8vg graduated. In the area of Employability. the Charity saw a yearfs extension to the Youth Hub funded by and working in collaix)ralion with the DWP. Over 200 young people have seen their ernploymenl prosp8cts improved with a number obtaining WO or going on to further education. Coupled wth this the UKSPF contract has also been 8Xtended to 31st De¢ember 2025 which aligns with tha Youth Hub in working Wth young people to improve their employability prospects. Page 6
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Strategic report Icontinuedl Achl•vèm8nts and p8rformaneè leontlnu•dl Football & Participation The Charity has conbnued ils regular and successful football and partiripalion prograrnme8, with particular growth seen in the female pathway. The Charitys di58bility provision conth'nues lo grow and some 45 participants attend weekly sessions. The Short Breaks prograrnme, in partnership with Shropshire Council and Energize, provides an opportunity for children and young 8dulls wth a dlsablltty to aecèss a ShrgW5bury Town FC football match with t2 regularly attendlng. The Premier League Kicks project is a wtal inthative providing weekly footb811 sessions delivered in mu.ple 8rgas of deprivation across Shropshire. The growing number of sessions wlh an average of 135 participant3 por week contribute to a reduction in anti-social behaviour and provide an opportunity to build relationships with extemal stakeholders, such as Wèst Mèrci8 polie8. This also incluées gduc8tion81 workshops and volunteerin9 and qualification opportunities. Th8 Charitys M8ntal Health Sessions allow anyone who is struggling mentally lo come along and use thg Powgr of football to socialise and remain active. Facilities The Chartvs facility offering in both ShTew5bury and Ludlow has continued lo enabb the cornrnunity to enjoy spaces to play, socialise and enjoy the beautiful game. The are strong links wth local teams and the cornmunity as th8y are offered Superb tscililies for local grass root teams to play, from toddlers pl8yng for thè first lirn8 lo adults playing walking football. Funding has been obtained during the year from both the UKSPF and Sky Bet to improve the Smiihls faulty whera the h88lth and w8llb8ing hubs m88t. In March 2025 the Charity passed the operation of the Ludh)w site to Ludlow Tovm Football Club. although it continues to delivèr football programm8s from th8 sit8. Factors rolovant to achlevo vbJoctlv•$ The continuing challenges are.. Recruiting and retsining personnel who are key to the provision ol our wojects Raising funds to support CO overheads Accessing grant funding which supports the work of the Charity igning objectives with the wider challenge of 6nvironmèntal sustainability I projects ale monitored through an online system. Each project has set objectives that contribute to the three outcomes we try to achieve as an organisation. Certain projects a150 require reporting direct to the funder. Most projects will h8ve participant feedback alongside session observations to ensure the objective5 of the project 8r8 being mel. Projects are rrrtjnitored and reported through pfogramme managers to trustees on a quartedy basis. Page 7
SHREWS8URY TOWN FOOTBALL CLUB FOUNDATION IA company limited by gvaranteel TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Slrategl¢ report Iconunued) Flnanclal revlew . Going concern After rnakiro appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for Ihe foreseeable future. For this reason, they continue to 8d¢>pl thè going coneèm basis in preparing the fin8ncial statemen15. Furth8r d8tsi18 ragarding tho adoption of the going concern basis can be found in the accounting pdicies. b. R•Serv pollcy Tot81 funds ol the Charity al 31 August 2025 were £866.78412024'. £897.8761. Tha Ljnrestricted funds are £369,24112024.- £386,3881. of this Ihe free reserves are £176,81012024'. £85,149), after removing the d8signated funds of £104,19712024.. £97,6171 and th8 unr8Stnct8d fixed ass81s of £88,23412024.' £203,622). Funds are designated for future upgrade and repair works at all sites maintained by the Charity and for the provision of new premises to support the growing work of the charity. The Charity aims to build reserves sufficient to cover operational costs for a minimum of 3 rnonlhs Ic. £41K).0001 e. Prlnclpal rfsks and uncèrtaintie5 Ensuring the risk is Managed on our delivery to safeguard particjpants and avold organi5alion reputation damage. Uncertainty and length of funding streams remain a key risk. particulady if Shrewsbury Town F¢Jolball Club is rèlègated. Retention of key personnel remains an uncertainty that can reduce the quality of delivery d. Flnan¢lal ri¥k man•gomont objectiV•8 and poli¢le8 The Charity carries out a rigorous budgets'ng process annualty and reviews forecasts periodically along with regular reporting on key financial data. The finance team provides monthly finanaal information to rnanagers to keep them focused on delivery of their projects in line with budgets. There 1$ an ongoing rtrvi8w proc885 to build th$ PfOCeSS08 8round fin8nei81 ¢ontrol wTthin the Charity. The Tnjstees have assessed the major risks to which the Charity is exposed, in particular those related lo the OP8ralions and financ85 of the company and are satisfied that sy51em8 and prOdureS 8rp in p18C8 to mitigate our exposure lo ihe major risks. Page 8
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company Ilmlted by guarantee} TRUSTEES. REPORT I¢ONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structure. governance and management Constltutlon Shrewsbury Town Football Club FoundatK)n k8 registered as a tharitable company limited by guarantee and was sel up by a Trust deed. The Charity operates under company number 06614473 and charity numb8r 1125101. The princlpal obj8cl of Ihg ¢ompany is lo take Shrewsbury Town Fcotball Club Foundafjon Into the haart of th8 local community. helping people Tealise their potential and achieve their goals. To vtilise the power of sport to engage, inspire and strengthen our Iwl (x)mmunlty. b. Methods of appolntment or electlon of Trustees The management of the Charity is thé r8sponsibifty of the Trust8es who are ejected and co opted under thg terms of the Trust deed. The Truste8s ate selected on the basls of findSng the requlmd sklll set to add strenglh and depth lo the Board. One8 Identifi a thomLJgh review proce88 is caled out to ensure they wll bg able to support our Charity. An annual review of Trustees is carried out to review the sknllg available to the Charity. Trustees shall be appointed for an initial three year fixed term, which may be renewed. Trustee$ sh(xJld ideally serve for a maximum of nine consecutive years. any further re appointment shoukd be subject to rigorou5 review and scrutiny. e. Organlsatian41 structurg and dgcision¥naking poli¢bg Shin Aujla, Foundat*Jn Director, is delegated by Trustees to oversee the day to day running of the Charity. Th6 Board of Trustees, vthich has been drawn from local busin855, and othèr rèpresentatives from the private sector, meets ay a fvll board al least four lime5 a year. In lemis of financial rnonrtoring and reporling to the trustees. detailed quarterfy accounts are prepared, and these are vIewed by the Trustees. Staffing Level Shrewsbury Tovm Football Club Foundation currently has 25 FfE Permanent staff 8rKI utilisos a pool of 3 FTE exible zero hours staff. Key Staff - Senior Management Team Shln Aulla- Found8Jon Dlraclor Lyn Towers- Head ol Finance d. Pollel•s adoptèd for th• Induetlon artd trnlnlng of Tru$tèès The Trustee Good Govemance policy outlines the roles and responsibilities alongside the indudon and tralnlng policyfor all trustees. e. Pay pollcy for key rnanagement personnel The salaries for senior staff are set in discussion wth Trust8•s and reviewed on a regular basis. Page 9
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structu> govemance and management Icontlnued) f. Rélat•d party r•l•tionships The Ch8rity works closely with Shrewsbury Town Football Club. g. Flnanclal rlsk managgment The Trustees have assessed the malor risks to which the Charty 13 expo8ed, in particular those related to the op6r8tions and finan¢e5 of the Charity. and are satisfied that sy3terns and procedures are in place lo mitigate exposure lo the major risks. Plans for futur• pèrlods To continue lo grow the female fwtball pathway and disabllity provislon To seek the 8xiension of the contract wth thg DWP to engage young people not ¢urr9nUy aclivè in tha workforce To re-shape the Heafth & Wellbeing programme and cOnn8 the growth of its various hubs To continue to grow and develop the Shrewsbury Town Colge and University delivering 4 wld•r variaty of cour58s lo more slLKJents To enhance the delivery proviston within both prim8ry and sewndary schools To d8V81op an events calendar showcasing the work of th8 charity and to provide unTestricted funds lo support its work The mBnag&m8nt of th8 Short Breaks programme working with prowders ac8 thè whole of Shropshi Page 10
SHREWSBURY TO¥VN FOOTBALL CLUB FOUNDATION IA company limitèd by guarant••l TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Statom•nt of Tru$to0s' ro$ptsn$lbllltl•$ The Trustees Iwho are also the director8 of the Charity for the purposes of company18wl 8rg r8sponsibl8 for preparing the Trustees. report including the Strategic report and the financial statements in accordanc8 Wlth applicable law and Unitod Kingdom Accounting Stand8rds (Unitad ltingdom Generally Accepted Accounting Pra¢ticel. Company law requires the Trustees to prepare financial statements for each financAal . Under company law. th8 Truslees must not approva the financ181 statèmènts unlèss thèy arè s8dsfied that they glve a true and fair wew of the stste of affairs ol the Charity and of 5ts incoming resources and applicatTr of re50urc9s, including its income and expenditure, for each financial year. In preparing these financial statements. the Tnjslees aTe requlred lo: select suitable accounting polici8S and then 8pply th8m consist8nUy, observe the method5 and prinriples ofthe Chartlies SORP IFRS 1021; m8ke judgments and accounting estimates that a reasonable and prydent,. stsle whether applicable UK Accounting Standards IFRS 1021 have been followed. subj8¢t to any materlal departures disclosed and expLiined in the finanaal statements.. prepare the financial statements on the gng concem basis unless (( is inappropriate to PTe3umg that the Charitywill continu8 in business. Th8 Trustees are responsible for keeping adequate ac£ounting records that are sufficient lo show and èxplaSn the Charitys transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them to ensurg that th8 financial slalemenls comply wlh the Cornpanies Act 2006. Thèy are also responsible for safeguarding the assets of the Charity and hence iaking reasonable steps for the prevgntion and dètaction of fraud and oth9r irr9gul8Tilies. Dlsclosure of Information to audltors Each of the persons are Trustees at the time when this Trustees, report is approved has confiTrned Ihatr so far as that Trustèe is 8w8re, th9re Is no rglevant audit informafjon of whith chantys auditors are unawar8, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order to be aware of any relevant audit InfOallOn and to establish that the charitys auditor3 are aware of that informabon. Audltors The auditors. WR Partners, have indicated their wllingness lo continue in office. The d88ign8tèd Trustees will propose a mothm reappointing th6 auditors at a meeting of the TrustO8S. Approv8d by ord8r of the m8rnbgrs of the board of Trustges 8nd signed on th8ir bahalf by.. H Thorné (Chair ol Trusleesl Date". Pagell
SHRET•VSBURY TOWN FOOTBALL CLUB FOUNDATION IA company Ilmlttd by 9uaraftt•èl INOEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION Oplnlon We have audhed the financial Stalernents of Shrewsbury Town Football Club FOUndatic Ithe'charit8ble companll for the year ended 31 August 2025 which comprise the Statoment of finanual aciivities, th8 Balance sheet, the Statement ol cash flows and th8 related notes, inrjuding a summary of significant accounting policies. The financial reporling frarnework that ha3 been applied in their preparation is applicable law and Unrte Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard pplicable in the UK and R8public of Ir81and' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- gNe a tnJe and fair view of the state of the charitable companls affairs as at 31 August 2025 and of its incoming resources and applicatk)n of res(xJrcos, inclLJding its income and expenditure for the year then ended.. have been properly pr8pared in accor(lance with United .gdoM Gontrralty Accepted Aco)untlng Pra¢ti¢¢,' and h8vg been prepared in accordance with the requirements of the Charitie5 Act 2011. Basls for oplnlon We conducted our audit in accordance wth International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further dascribed in the Auditors, responsibilities for the audil of the financial ststements sects'on of our report. We are independent of the charitable company in 3ccordan¢g with the ethical requirements that are relevant lo our audit of the financial siatements in the United Kingdom. including the Financial Reporting Council's Ethical Standard, and we hav8 fulfilled our other ethical responsibilities in acc4)rdance with these requirements. We believe that the audrt ewdence we have obtainad Is sufficient and appropriate to provide a basis for our oixnion. Coneluslons rolaA9 to golng ¢on¢em In audits'ng the financial stalemenis, we have concluded that the Trustees, use of the going concem basis of aecounting in the pr8P8ratlon of tha fin8nclal stotem9nts is appropri8te. Based oll the work we have performed, we have not identified any material uncertainties relating lo evonts or condib'ons that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a p8ri0d of atlgast Iwefve mnth5 Irorn when Ihe financial Statèments are auth0ri5ed for issue. Our responsibilities and Ihè rasponsibifitlès of tha Trust8as wth respect to going concarn ara described in Ihe rolevant se¢tions of this report. Page 12
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION ICQNTINUEDI Oth•r Informatlon The other information comprises the inlorniation included in the Annual report other than the financial statements and our Auditors, report tharaon. Thè Trust80s 8rg responsiblg for the other inforrn8tion ¢onl8ingd within th& knnu81 report. Our opinion on the financial statements does not cover the other information and. except to the extent otherwis8 explicitly stated in wr report, we do not express any fom of assurance conclusion thereon. Our responsibillty is to road thè othèr Information and, in doing so, ¢onsider whether th8 othèr infomation is m8t8rially in¢onsislenl wlh the financial slalements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstat. If we identify such material inconsistencies or apparent material missiatem6nts, we are required lo delertnine whether this gives rise lo a rnalerial misslatemgnl in the financlal ststements themselves. If, based on the work we have perform, we condude that there is a material misstatement of this other infom)ation, we are required to reyKJrt that f8Ct. Wè have nothing to rÈport in this regard. Matters on whl¢h w• ar• roqulrod to report by •xcoptSon We have nothing to report In respe¢t of the followlng matt8rs where the Charilitrs IA¢counls and R8portsl Regulations 2008 requires us to report lo you if, in our opinion.. the informaii'on given in the Twste&s' rep)rt is Inconsistgnt In any material resp8¢t with the financral stat&mants', or sufficionl a¢¢ounting records have not been kept., or tho fin8noi8151aleFnents are not in agreernent with the accounting records and returns., or we have not received all the information and explanations we require for our audit. ResponslbSlltl•8 of tru$ts•s As explained more fully in ltte Trustees. responsibilities statement, the Trustees (who are also the directors of the charitable company for the purtKJses ol company lawl S SponSible for the preparation of the financial statoments and for being satisfied Ihal they give a true and fair view. and for suth internal control as th9 Trustees determine is necessary to enable tho preparation ol financial stataments that are free from material misstatement, whether due to fraud or error. In preparing the finanrial statements, the Trustees are responsible for assessing the charitable companys ability to continue as a going COnrn, disclosing, as applicable, matters related to gang concern and using the going concem basls of aceounbng unless Ihts Tiuste85 either inlend lo liqvidale the charitsble company or to cease operations, or have no realistic altemative but to do so. Page 13
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company limited by guarantee) INDEPENDENT AuDORs. REPORT TO THE MEMBERS OF SHREWSBURY TOVIN FOOTBALL CLUB FOUNDATION ICONTINUEDI Audltor8' rg8ponslbllftlos forth• audlt of th• Ilnanclal stat•m•nts We have been appolnted as auditor under section 144 of the Charffjes A¢1 20118nd report In accordance with the Act and relevant regulations made Cf having effect thereunder. Our objectives are to obtain reasonable assurance about whether the finanaal statements as a vthole are froe from materfal misstatem¢nl. whethtsr dug to fraud or error. and lo issue an Auditors, report that includes our opinion. R88sonable Jssurance is a high level of a5SUTance, bul is not a guarantee that an audrt eonducted in accordance wrth ISAS IUKI will alwa detect a material misstatement vthen rt exists. Misstatement5 can ari80 from fraud or èrtor ond are wnsidered rnateri81 if, indiwdually or in the 8ggrgg8t9. thgy could reasonably be expected lo influence the eo)nomic decAsions of users taken on the basis of these financial slatem8nts. Irregularities, induding fraud, ar9 Instances of non-compliancg with laws and reguktions. We design procedure8 in linè with our rèsponsibilities, outlined above, lo detect material rnisstalements in rèspèct of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularits'es. including fraud is datslled below: We revrewed the 8usceptibility of the Charitab company8 financjal slalemenls lo materi81 misst8temenl and Identif the principal rfsks. implèmanting a s8ri8s of testlng pn)cedur&s to provide us with sUffient coEnfort lo issue our opinion. We reviewed the charitable companys regulatory environment Èo ensure we could condude Ih8t it ha¢J acted in a(xx)rdance th the frarTJework relevant to charitable compgny and its environment and identify any instances of non•compliance. We also assèssad thè charitable eompanls intamal control proceduras to •nsura we could appropriately s¢rulinis8 these control3 and estsbli8h whether our understanding of the control env(ronment was sufficient to sUpprnant our additional testing procedures. The engag8m8nt team wnsisled of 8 tearn that the 8n9agemenl partngr b8liév8s L% equipped vith the relevant level of technical and charitable o)mpany awareness to cary out our work to the required standard. Bec8usè of the Inherenl1Smllations of an audtt, there Is a rfsk that we wll not delect all irregularftlès, Indudlng those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk incraasès thè morè that cornpliance wth a law or regulation is removed from th8 avants and transactions reflected in the financial statements, as we will be less likety lo become aware ol instan8 of non-compli8nc8. The risk is also greater regarding irregularitias occurring due to fraud rathar than error, as fraud involves inténlional cor44ment, forgery, collusion, ornission or misrepresentakn'on. A further description of our responsibilities for the audit of the finanual stalemenis is located on the Financial Reporting Council's website 8t-. 5.frc.tsr .uklaudstor5res onsibilth&s. This desuiption forms part of our Auditors, report. Paga 14
8HREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company Ilmltsd by guarantvl INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION ICONTINUEDI Usa of our rnport This report18 made solely to the charitable companls member8, a8 a body, in aCrdanCe wth Part4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work has boen undertaker¢ so that we rnight stat& to thè charltsble compangs mgmbefs, 8S 8 bo(ly, those matters we are requlred to state to them in an Auditors. report and for no olher purpose. To the fulk881 extent permitted by law, we do not accept or assume responsibillty to anyone other than the charitabla company ond its m8mb&rs, as o body. for our audit work. for this report, or for the oplnlong we have fornigd. WR Parln• Chartared Accountants Stalulory Audkors Belmont House Shr8w$bury Bu$lngss Pork Shrewsbury Shropshire SY2 6LG Date.. 2oi/ WR Partners are eligible lo act as auditor8 in tsrms of section 1212 of the Companies Act 2)6. Page 15
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA ¢ompany limlt•d by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME ANO EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted funds 2025 Restri¢ted funds 2025 Total funds 2025 Totsl funds 2024 Note Income from". Donations and ga¢pe5 Charitable activities Other trading actNlties Investments 176.854 795,179 31,577 2,150 587.278 766.132 795,179 31,577 2.150 692,091 819,331 16.324 1,680 ToLIl Incom• 1.Q07,760 587,278 1,595,038 1,529,426 Expenditure on: Charitable actNilies 1.063,788 562,342 1,626,130 1,483.9T9 Totsl oxpgndlture 1.063,788 562,342 1.626,130 1.483,979 Net lexpendlturÈ}Ilneome Transf8rs befvleen funds {56,028) 38,881 24,936 138,881) 131,0921 45.447 18 Net movement in funds {17,1471 113,9451 131.0921 45,447 Reconciliation of funds: Total funds brought forward Net movement in fijnds 386,388 {17,1471 511.488 113.9451 897,876 {31,0921 852,429 45,447 Total funds carried forward 369,241 497,543 866,784 897,876 The notes on pages 20 10 42 form part of these financial statements. Page 16
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company 11m1t by guaranto•1 REGISTERED NUM8ER: 06614473 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Flxed •Mot T8ngibl8 assèts 14 805,123 843,270 805,123 843.270 Curr•nt u••t• Debloi8 Cash at bank and in hand 15 176,909 189,318 145,222 228,615 373,837 Curront Ilablllth8 Crodltors.. amounts falllng duo wltt)in one 18 1139,491) (143,597) Nol ¢urrnnl a•Mts 226.786 230.240 Total ass•t8 l•ss curr•nt Ilabllltl•s 1,031,909 1.073.510 Creditors.. amounts falling due after more than one year 17 (165.125) f175,634) Total n•t *s•ts 866,784 897,876 Page 17
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA eompany limrted by guarnnteel BAL4Tr1CE SHEET {COP4TINUEDI AS AT 31 AUGUST2025 2025 2024 Not• Charity fvnds Rgslric18d funds Unrestricted fvnds 18 18 497,S43 369,241 511,488 386,388 Total funds 86fj,784 897,876 The entity was entitled to exemption from audit under sèction 477 of thè Companiès Acl 2006. Thé mèmbgr5 have not required the enlity lo obtain an audit for the year in question in occordance with section 476 of the Companies Act 2006. Howevgr, an audit is required in accordance with section 144 of tha Chariuès Act 2011. Th8 Trust88s acknowledge their responsibilrties for compl7ng with the requirements of the Act with respect to accounting records and preparadon of financlal stalemenls. The financial stslemenls have been prepared in accordance thè provisions applicable to entities subject to the small companies r8gim8. The ftnancial statements were approved and authorised ft)r issu9 by the Tru$tees and signed on their b8half by.. H Thom• (Chair of Trustees) Dat8.' The notes on p8gès 20 to 42 fom part of these financial statements. Paga 18
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA ¢ampany Ilmttsd by guarant••) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 ¢h Ilowm frorn op•radng actfviti Net cash u8¢d In operatlng acfvitk8 (40,9231 68. 166 Caih flo from IntIng actlvltl•s Dlvid8nd8, Inltsrtsts and rents from inv881menls Purchase of t8ngibk fix8d assots DisF¥)s81 of tangible fixed assets 2,150 1598) 1.680 (33,536) 541 Not ush provld•d byl(uMd Inl Invostlng actlvrti 7,336 131.315} Ca•h flow• from flnanclng ictlvlu Repayments of kians Interest Paid 17,8101 2,150 (7,229) 1.680 N•t ¢uh u¥•d In fln•ndng a¢tlvltl (5,6801 (5.549) Chang• In ¢ash ¢uh oqulvahnts In th• y ash and $h equlvofents atthe gInnIng of tho yoar (39,2471 228,61S 31,302 197,313 Calh and ca•h •qulvhnt4 at tho end of th• yer 189,368 228,615 The noles on pages 20 10 42 fomi part ofthese finandal 8tatsments Pag¢ 19
SHREWSeURY TOTM FOOTBALL CLUB FOUNDATION IA company limited by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General Inforniatlon Shrgwsbury Town Football Club Foundats'on is a charitsble company limited by guarantee in England. Th members of the company are ihe Trustees named on ihe admln page. In the event of the Charity being wound up. th$ liability In rtrspe¢t of the guar8nleo is limited to £10 per fflomber of thg Charity. The Charity Is Incotporated In England and Wales Bnd has a re9iStered address of Ol818y Road, Shrewsbury. SY2 6ST. Accountlng polScl8s 2.1 Basis of preparation of financial statements Thg financial slalements have been prepared on a going concem basi5 under Ihe historical cost o)nvention. The financial statements have been proparad in accordance with the second edition of the Charities SORP IFRS 1021 Acoounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities Pf8paring their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} issued in Cktober 2019, the Financial Reporting Slandard applicable in the UK an¢J Republic of IreLqnd IFRS 1021 and the Companies Act 2006. Shrewsbury Town Football Club Foundation rneets the definthon of a public benefft Onlty under FRS 102. Asseis and liabilhi8s ar8 initially rècognisgd at histori1 cost or transaction value unless otheise slal&l in the relevant accounting polry. 22 Going concern After making enquires. the Trustee5 have a reasonable expectation that thè Ch8rfty has adgquatg resources to continue in operational existen for the fOSeeable future. The ChaTty therefore (y)ntinues lo adopt the go4ng conrn basis in prepariro its fjnancial ststem&nls. Page 20
SHREI•ISBURY TOWN FOOTBALL CLUB FOUNDATION IA Company Ilmlttd by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcl•s Icontlnu•dl 2.3 Ineom• AJI incom8 is rgcognisad once tha Charity has èntitlemant to tho incom8, it is probable that the incomÈ wll be r8c8ived and the arnount of incom8 rèc8ivable can be méasured reliably. Gifts in klnd donated for distribution ara includèd al valuatlon atvj racognised as inwrne when they are distributed lo the projects. Grfts donated for resale are included as income when they are sold. Donated facilities are induded at the value to the Charity where this can be quantified and a thlrd party is b6arSng thè cost. No amounts ar8 included In tha flnancial statèments for services donated by volunteers. Don8tgd s•rvi¢es or facilities arg ro¢¢gnisgd when the Charty has control ovèr the item, any conditions associated with the donated rtem have been mel, the receipt of economic bènéfit from thé use ol the Charlty of the item Is probable and that economic benefrt can be measured relrably. In accordance with the CharTtses SORP IFRS 1021. the general volunteer lime of thg Friands is not recognised and refer lo the Trustees, report for more inlomiation about their contribution. On receipt, donated professional services and faulits'es are recognised on the basis of thè valuè of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in oxpenditure in the period of receipt. 2A Expendlture Expendittjre is iecognised once there is a legal or conslrvclive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the tsbligation ¢an be m88sured rgliably. Expenditure is ¢lassifi8d by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs inVoed in undertaking e8ch activty. Direct costs attributable to a single actiwty are allocated direclty lo that activity. Shared costs which contribute lo more than one activity and sUPPOrt costs which are not attributable to a single activity are appooned betw8en thosa activities on a basis consi518nl with thè usè of rèsour¢ss. Central staff Costs arts allocated on the basis of timè spent, and depreciation charges althated on the pO.on of the asset's use. Charitsble activibes and Govemance costs are costs incurred on the ChariW$ operations, including support costs and costs relating to the govemance of Ihe Charity apportioned to charitsble adivitbs. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity., this is normally upon notification ol the interest paid or payabl8 by thè Instituuon whom tho fvn¢Ys are deposited. Page 21
SHREWSBURY TOWN FOOTBALL CLUB FOUNDAnON {A Company limited by guarantee) NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ountlng pollcle$ l¢ontlnued} 2.6 Tangible fixèd assets and d•pr•clatl*)n Tangible fixed assets ci>sting £500 or more are pIlIsed and recognised when futur8 aconomlc benefits are probable and the cost or value of the asset can be measured rellay. A review for impairment of a fixed asset Is cxrri8d out if events or thang8s in ¢ir¢um$tances Indicate that the Carrn9 value of any frAed asset may not be recoverable. Shortfalls behveen the ¢arTring value of fixed assets and their rgcoverable amounts ar8 re¢ognlsed as impairments. Impairment losses are recojnised in the Stalernent of finanrjal activities incorporating income and expendltura account. Depreciation is charged so as to allocate the cost of tangible fixed assets les8 their residual valug ovar thèii èstimatad usalul liv8s. on a straight linè and reducing balance basis. Depreciatlon Is provlded on thg followln9 basgs.. Long4emi leasehold property Plant and machlnery Motor vehicles Fixtures and )lttings Office equipment straight line over the lease term 20VD r8ducing balanc8 20% reducing balan 20Vo reducing balan - 20% reducing balan 2.7 D•btors Trade and other d&btors are r8cognSs8d at tha sèttlamant amount. Prepayments are value(l al the amount prepaid. 2.8 Cash at bank and in hand Cash at bank and in haThJ includes cash 8nd short-t8rm highly liquid investments with a short maturity of Ihreg months or les5 from the dale of acquisition opening ol the deposit or similar account. 2.9 Llabllltl•$ and proYl$lon$ Liabilities are recognised when there is an obligation at the Balance sheet dale a8 a resu of a past 8V8nt, it15 probable that a transfer of economic benefit wlll be requlred In sotdemenL and the amount of the settknienl can be eslimaled lIablY. Llabllllies are recognised al the arnounl that the Charity ancIpate3 il wlll pay to Ih8 debt or the amount it has r8caived as advanced paentS for tha goods or sgrvices it musl provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Whère the effect of th& tima valug of nK)n&y Is mat¢rial. the provision Is based on the present value of those amounts, discounted al tre pre-tax discount rale that reflects the risk5 Speerfic to the liabilty. The unbyinding of the discount is recognised in the Statement of financial octivities as a finance c08t. Page 22
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA c¢)mpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Aceountlng pollelè• leontlnuedl 2.10 Flnan¢lal Instruments The Charity only has financial assets and financtal liabilities of a kind that qualfy as ba3ic financial instwrnenls. Basic financial instruments are initially recognised at transaction value and subsequent measured at thèir settlèmènt valu8 th the exception ol bank k)3ns which are sub$8quont mèasured at amortised ¢xst using the effective interest method. 2.11 Flnanee18a$gs and hlro pur¢h8$• Assets obtained under hire purchase contracts and financ8 1è8s8S are capitslised as tangible fixed assets. Assets 8equirÈd by fin8nce18ase are depreciated over the shorter of the lease term and th8ir USgful live5. Assets acquired by hire purchaso are depreaatBd over their useful INes. Finance leases are those where substantialty all of th8 bènèfits and risks of ownership are assum by th8 Charity. Obligations under such agreements are included in creditors, net ol the finance charge albcated lo fulure periods. The finance element of the rental paymgnt is charged to the Statement of finanaal activities so as to produ(* a ctsnstant periodic rale of charge on the nel obligation o(tslandirvJ in each period. 2.12 Opèrating leases Ranta15 paid und8r opgrating lea59s are charged to the Statement of ffinancial actiwb'es on a straight line basis over the lease temi. 2.13 Fund accounting General fund$ are unrestricted funds which are available for use at the d¢screlion of the TrteeS in furtherance of the general objeclives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestrieted funds that hav8 been sel aside by thè Trustees for particular purposes. The aim and use of each designated fund is sel out in the note5 to the finanal $t8lem8nts. Rèstrictèd funds are funds which are lo be used in accordance wth speafic restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific lund. The aim and use of each rgstricled fund is set ottt in the notes to the financial statements. Page 23
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA eompany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2025 Crlll¢al o¢countlng estSmates and areas of ludgm8nt In the application of the Ch8nWs a¢¢ounting policies. the trustees are required to make judgements. estlmates and assurnplions about the caryng amounl of assets and liabilities that are readily apparent from other sources. The estimates and associated assurnptions ar8 based on historical èxpèriance and other factors that ar8 considèr&l to bo Tel&vant. Actual resutts may drffer from these estimates. The estimates and underfying assumptions are review8d on 8n ongoing basis. R8V15iOnS to accounting estimates ale regnised in the period which the esb'rnate is revised where the revision affects onty that period, or in the period of the revision and future periods where thè r9vision aifects both current and fulure peiiods. Critscal accounting estimates and assumptions.. The Charity makes estimates and assumptions conceming the future. The resutting accounting estimates and assumptions wll, by definition, seldom equal the rtrlaltrd 8¢tual results. There are no esumates and assumptions that have a significant risk ol causirrfJ a material adjuslmenl to the carrying amounts of 8ssels and liabilities within the next financial year. Page 24
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION {A company lirnlt•d by gu•rant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 Incom• from donaon and k9a¢s Unr•str[Ct R•strlct fundi lund¥ 2025 2025 Total fund$ 2025 Total fvnd$ 2024 Grants 178,854 587,278 706.132 692,091 Tolal 2024 342.308 349,T83 692.091 Incom• from ¢harltabl• a¢tlvltl•$ Unr•strlctsd funds 2025 Totsl lund• 2025 Tot81 funds 2024 Education. heallh & wgllbging & football dovelopmenl programme8 795,179 795.179 819.331 Total 2025 795.179 795.179 819,331 Tot812024 819,337 879,331 In¢omo from oth•r tradlng ctfvltl In¢om• from fundralslng ov•nts Unrnitrfctsd funds 2025 Total fund• 2025 Total funds 2024 Fundraising Income 31.577 31.577 16,324 Total 2024 16,324 16,324 Pago 25
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company Ilmlttd by guarantèè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Invèstment Sncomo Unrestrlctsd funds 2025 Total funds 2025 Tot81 funds 2024 Bank Interest 2,150 2,150 1,680 Total 2024 1,680 1.680 Analysts of èxp•ndTrtur• on charitable activitie¥ Summary by lund typ• Unreslrfcted Restrlct8d funds funds 2025 2025 Total 2025 Tol 2024 Education, heahh & wallbaing & foolball dtsveloptnenl programmes 1,063,788 562.342 1,626.130 1,483.979 rot812024 1, 140,668 343,31t 1,483,979 Analysls of oxp•ndlturé by actlvltl•s A¢tiviti?s undertaken dlr•ctly 2025 Support costs 2025 Total funds 2025 Total funds 2024 Education, health & w8llb8ing & football developtnenl programmes 1,143,731 482,399 1,626.130 7,483,979 Tol812024 1,095,395 388,584 1,483,979 Page 26
SHREWS8URY TOWN FOOTBALL CLU8 FOUNOATION IA ¢omp•ny Ilmit•d by gu•rante¥) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 An11* ol expendlture by aGttvltle• IGontlnued> Analy•li ol dlr•ct ¢o•ts Charlty prograrnme Totsl fund8 202S Total funds 2024 2025 Staff Costs Accommodatlon Hire of Fa¢ilities Hire of Services Footballs, Equipment, Top8 & Prfz88 711,082 21,453 366,962 15.620 28.614 711,082 21,453 366,962 15,620 28,614 737,784 32.541 287.222 16.005 21,783 1.143,731 1.143.n1 1,095,395 Page 27
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA ¢ompany Ilmit•d by guarnntsel NOTES TO THE FIN*J4CIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Anaty¥l8 of expondlture by actFvltt•• {contlnu•dl An•ty¥l¥ of •upport ¢o•ts Charrty programm• Total nds 2025 Total funds 2024 2025 Staff Costs 199,926 32,961 15,066 23.193 33,851 17.988 9,058 11,030 40,000 580 507 199,926 32.961 15.066 23.193 33.651 17.988 9,058 11.030 40.000 580 507 136.877 35.130 73.575 78,073 658 22,980 9,503 6.525 Depredafjon Adv8rt18llVJ Motof Expere8 Acc4Jmmodalion Sundry Expertses Te18phce Stsff Trainlng an(1 HR M8nagement F86 Bad Debt8 Postage AccountanGy Bank Charges ond Paypal F$ Rapalrs ond Renawals Hlre of F8cllSlle8 Hlre of S8rvlces IProfrt>Aoss on th8 Sal8 of Tangible Assets Travel Hire Costs Uniforrns 3,476 481 18, 102 24.894 8.302 10.000 9.478 541 16,714 13.535 20.472 25,e77 9.788 10.IX)O 6,220 5,785 8.071 14.228 20,472 25,877 9.788 10,IXIO 6.220 5.785 6.071 14226 482.399 482,399 388,584 Pag828
SHREWSBURY TOYIN FOOTBALL CLUB FOUNDATION IA company Ilmli•d by guarant••l NOTES TO THE FINANCIAL STATEMÉNTS FOR THE YEAR ENDED 31 AUGUST 2025 10. N•t In¢omel{Expondltur•l Thls 18 Staled after charging.. 2025 2024 Depreciatlon of Tangiblg Fwl A8$0ts.' -Ovmed by thg Charlty Op8r8ting Laaso Payments Auditor8, Remuneration- Audit 32.961 35,130 5,431 9. 150 10,000 42,961 49,711 11. Audltus. rnmunernt(on 2025 2024 F•es p8yabl¥ to Chaws audttor for th• audrt ofth• Charitys annual a¢UnIS 8.300 7.600 Fees p8yabb to tha Ch8riVs auditor in respect of.. I nors-audil Servlces not Sncluded above 1,700 Paga 29
SHREbVSBURY TOWN FOOTBALL CLUB FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Staff costs 2025 2024 Wages and S818ries Social Security Costs Contribution to Defined Contribution Pension Schemes 821.207 75.502 14.299 797.875 63,541 13.045 911,008 874.461 The average number of persons amployad by th8 Charity durlng tha y8ar was as follows.. 2025 No. 2024 No. Average 48 The average headcount expressed as fvll-time equivalents wos.. 2Q25 No. 2024 Full time equivalent 31 No employee received remuneration amounting to more than £60,000 in either year. During the year. the total rèmuneratKJn lincluding employerfs pension) pai¢J lo the key management of the ¢h8rty was £88,36312024.. £83,767). 13. Trust. remuneratlon and •xp•ns88 During the year. one or more Trustees has been paid remuneration or has recewed othor beneffts from an ernOent Mlh the Charity. Lyn Towers is an employee of the Charity and was appointed as a Trust•• In th• pr8vk)us y8ar. Thè valu8 of Trustees, r8rnunerafjon and othèr nèfitS was as follows: 2025 2024 L Towers Remuneration Pension contributions paid 20.281 421 14, 167 293 During the ypar ended 31 August 2025. no Trustee expenses have been incurred (2024- £NIL). Page 30
SHREWS8URY TOWN FOOTBALL CLU8 FOUNDATION IA Company limited by guaranieel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Tangible fixed assets Long4erni leasehold Plant & property machinery Motor vehicles Flxturès & Offlce fittings equlpm¢nt Total Co$t or valu•tlon At 1 Sgplember 2024 Additions 825,265 29,303 30.129 13,137 28,789 926,623 598 598 {14.8241 125.1731 Disposa15 15,7141 14.6351 At 31 August 2025 825.265 23.589 30.129 8.502 14,563 902,048 Dopreclatlon At 1 S6Ptemb*r 2024 Chargts for the year On di$po$ais 37,040 21.852 16,439 3,086 (46921 6.026 4.821 7,S93 16,255 1,064 2,138 13,8311 110,8fj61 83,353 32,1 119,3891 At 31 August 2025 58.892 14.833 10.847 4.826 7,527 96.925 Net book value At 31 August 2025 766.373 8,756 19.282 3,676 7,036 80S,123 At 31 August 2024 788,225 12,864 24, 103 5,544 12,534 843,270 Page 31
SHREIVS8URY TOWN FOOTBALL CLUB FOUNDATION IA company Ilmlt•d by guarnntMI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. D•blorn 2025 2024 Due wlthln on• y•ar Trade debtors Olher deblo 69,922 77,655 29,332 38,158 53,017 54,047 PrepayThent3 and accrued income 178,$ 145.222 16. Cr•dftor¥: Amounts f•lllng due wlthln one year 2025 2024 Bank108ns Trade credrtors Other taxation and sorAal security Obllgalion8 under finance lease and hlre purthase 0th8r creditors AcLruals and daf8rred Income 8,318 66.767 25.321 3.818 20,468 14799 7.954 51,752 17.540 6.504 8,959 50,888 139.491 143,597 2025 2024 D¢fgrr8d Income at I September 2024 Resour¢e8 deferred during the year Arnounls released from prevK)us pedods 35.171 5.763 135.171) 35,877 35,7TI (35,8T7) 5,763 35.171 The monies included within d8f8fT8d Sncoma r91atO to In¢om9 r9¢9iVgd for gvonts taklng plac8 post y8ar ond. Page 32
SHREWSBURY TOWN FOOTBALL CLU8 FOUNDATION IA Company Ilmltod by guarnntso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Cf•dltors: Amounts falllng duo aft•r mor• than on• y•ar 2025 2024 Bank loans Net ob1NJatnS undgr finance tg0S0 and hlr& purcha$& contracts 153,460 11,665 161,634 14.000 165,125 175,634 Induded withln bank108ns Is a loan. provldad by NalSonal Wostsnlnsl¢r Bank Pk. Inl&rg81 1$ chargod al 3.2% plu$ tho bas8 rale and the balance 18 expected to be repaid in fijll by May 2037. The loan is secured by a fixed and floatin9 charg8 ov8r th8 oSS8ts of th8 Charfty- Tho aggregate amount of liabili118s payablo or repaya• wholly or In part morg than five yoar3 aftor the reporting date is.. 2025 2024 Payable or repayab[8 by instalmonts 108,887 122. 104 108.887 122. 104 Poge 33
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA ¢omptny Ilmlt•d by guarant••} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statom•nt of fund8 stst•m•nt of fundi. current y•ar Balan¢• at 1 Septemhr 2024 Balanc• at 31 August 2025 Trnn*fers Inlout In¢omo Expondlturn Unr•strlct•d funds Deglgnat•d funds Annual 8rte upgrade5 and repalrs Foundotlon 3G Pltch sInn9 Fund Ludlow Fac41ty Maintenance 17,692 {13.4951 4,197 75,000 4.925 25.000 (4.925} 100.000 97,617 6.580 104.197 G•norn1 fvnd• General Fun¢J8 288.771 1.007.760 {1,063.7881 32,301 265,044 Total Unrostrfctod lund$ 386,388 1,IX17.760 {1,063.7881 38,881 369,241 Page 34
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statoment of funds IcontSnu4dl Rostrlcted funds DVVP Shropshire Youth Hub EFL Skybel Fund Garnechangers ShropshI Council CIL Funding Changing Rwms Footb811 Foundation SkyBel Fund- Meadowside Repairs Changing Rooms Walker Trust EFL Bu51ness Infraslruclure Grant DWP Back in the Game Grass Pitch Ludlow IFoott)811 Foundation) Energize Short Breaks Premier League Primary Stars PLCF Fan Eng898mgnt Fund PL Klckz UK Shared Prosperity Fund Ernerging T81ent Centre UK SPF- Meadowside Repairs Lintel Trust Hardship Fund 4,884 10,000 121,194 1119,5821 6.296 110,0001 56,558 143,9151 12,843 239,822 13.2891 236,533 230,238 {13.49SI 216,743 20,041 (20,0411 4.605 12791 4,326 8,392 4,616 15.0091 13.7171 3,383 1899} 3,857 13.857) 16,6401 7.077 35.000 39.583 35.000 185.859 25.000 60.$05 14371 (34,5781 {27,2381 {35,0001 {185,8591 {25,000} {60,SOS} {1,461} 5,274 17.619 511,488 587.278 1562,342) 138.8811 497,543 Totsl of funds 897,876 1,59S.038 11.626.130) 866,784 Page 35
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA Company Ilmltod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Ststem•nt olfund¥ Icontlnued} Stat•m•nt af fund$. prlor year 8alance al t September 2023 Balance al 31 August 2024 Transfers Unrostrlcted funds D•$lgnat•d funds Annu81 sile upgrades and repairs Foundauon 3G P6tch Slnklng Fund New 8ulkllng Leasehold Improvements Shrewsbury Faalty Molntenanc& LLKllw Facllty M8inten8n¢e 17.692 17.692 50,000 85,752 6.057 25.000 (85.752) {6.05T) 75.000 4.364 273 (4,364) 4.652 4,925 164,138 (66,521) 97,617 G•n•r&l fvnd¥ General Funds 186,033 1,179,643 (1.140,668) 63,763 288,771 Total Unr•strlct•d funds 350. 171 1.179.643 1f,t40,668) (2,758) 386.388 Page 36
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION cofflp*ny1Smlt•d by guarnnt••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statern•nt of funds Icontlnu•d) R••trlct•d funds DWP Shropshlre Youlh Hub EFL Skybel Fund Shropshire Counc41 CIL Fundlng Changln9 Room8 Football Foundatton Changing Rooms Walker Trust EFL Buslness Infraslruclura Grant DWP Badt in the Game Gra88 Pitch Ludkyw (Football FoundatKJnl Premler League Prlmary Stars PLCF Fan Engagement Fund PL lfjckz UK Shared Prosperity Fund Emerging Talent Centre Llnt81 Trust MlnSbus Other small grants 42,174 10.000 (34,ia8J (3,302) 4,684 10,000 243,111 (3,289J 239.822 244. 188 4.884 (13,950) (279) 230.238 4.605 10.000 (1.608) 8.392 4,616 4.616 3,737 9.600 35,000 10,417 35.000 160,432 25.000 (9,480J (64,673) f&143) (30,822) (160,432) (32,999) 3.857 29,673 5,274 (4.178) 7,999 (5.000) (4,976) I,T22 7,160 (3,966) 502,258 349,783 {343,311) 2,758 511,488 T¢)tal of fund• 852,429 1,529.426 (t,483,9T9J 897.876 Paga 37
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA Company Ilmltgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statement of fund¥ Icontlnu•dl Designated Funds Funds are designated for fvture upgrade and rapair works at all sitss malntsln8(I by tho Charity. Unr8strletèd Fund$ Includes core running eosts and all prograrnme activty not funded by restricted rnonies. Restri¢ted Funds Edu¢>tion & Employability DWP Shropshlr8 Youth Hub- programme helping young people to find employment. DWP Back in the Game- fomier programme aimed at helping those out of employment back Into the workforcè. UK Shared Prosperity Fund- programme supporting young p8opl* to gèt work rèady. Premier League Prirnary Stars- a national programme ulilising the national appeal ol the Prgmier Leaguè and profÈssional football to inspire children to18am, be active, and d8velop important life PL Kickz- a national programmts ulili$ing the power of football and the value of sports participation lo develop young people in high-need areas. Facilitlas, Ev8nts & Co Shropshire Counal CIL Funding- funding from the Community Infrastnjcture Levy to support the ¢onslructs'on ofthe new 3G pitch and changing rooms. Football Foundation- grants to support the Construction of the changing room building and for the upkeep of the gr8SS Pitch al the Ludlow site. Walker Trust- grant provided for changing room facilities. EFL in the Community- grant 10 5UPPOrt k8y infrastructure needs. PLCF Fan Engagement Fund- grant for the engag8m•nt with minority fan groups in tha ¢ornmunity. EFL Skybet Fund- to support and engage with adults in the community through the rnedium of football. Lintel Trust- grant to supptsrt the pur¢h8se of a minibus. Hardship Fund Lintel Trust (within other srnall grantsl- grant to supffi those Bffect by hardship in the community to enable them to access the Foundation's programrnes. F(x)tball & Participation Emerging Talent Centre- FA grant which funds sessions to encourage 9ids to engage in football training and matches. Short Breaks (within other sm811 granlsl- sUPPOrting disability participants in Ihe community wrth session8 designed to provide respite for parents and car8rs. Hèalth & Wellbeing Veteran Amed Forces Hub Iwilhin other small grantsl- used to create a"Military Hub. to allow veterans to reminisce, share storias and accèss the sèrvietts on offer. Page 38
SHREWS8URY TOWN FOOTBALL CLUB FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19. Summary offunds Summary of funds . current year Balane8 at 1 S8Ptember 2024 Balanco at 31 August 2025 Transfers inlout Income Expendlture Designated funds General funds 97,617 288,771 S11.488 6.580 32,301 138.8811 104.197 265,044 497,543 1,007.760 (1,063.7881 S87.278 1562,3421 Restricted fvnds 897,876 1,595,038 11,626,130) 866,784 Summary of funds . prlor year Balance at I Septembér 2023 Balance al 31 August 2024 Tr&nsf&rs in/out Income Expenditure Destgnated funds General funds Restricted funds 164, 138 186,033 502.258 (66,521) 63.763 2.758 97.617 288,771 511.488 1.179,643 (7,140,668) 349,783 {343,311) 852,429 1,529.426 (1,483,979) 897.876 20. Analys1$ of net assets between funds Analysls of nèt assets between funds. current yoar Unr•8trlctèd R&strlet•d funds funds 2025 2025 Totsl funds 2025 Tangible fixed assets Current assets Cledilors dué within one year Creditors due in more than one year 88,234 716,889 805,123 388,652 122.3751 366,277 195.9801 143,5111 1139.491} 111,6651 1153.4601 1165,1251 Totsl 369.241 497,543 866,784 Pag& 39
SHREWSBURY TOWN FOOTBALL CLUB FOUNDATION IA company limit¢d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 20. Analysls of net a¥3ets between funds (continued} Analysls of net ass•ts twe0n fund$ - prior year Unro$tricted funds 2024 Restncted funds 2024 Total funds 2024 T8ngibl8 fixed 838ets Current assets Creditor5 due within one year Creditor5 due in mc*re than one yeBr 203,622 639,648 843,270 332,409 41,428 373,837 (135,643) (7,954) (143,597) {14,000) (761,634) (175,634) Total 386,388 517,468 897,876 21. Reconclllatlon of nat movom¢nt In lund¥ to net cash flow from operafjng activitles 2025 2024 Nel incomelexpenditure for tha year las p8r Statgrnenl of Financial Aetivltiesl 131,0921 45,447 Ad)uslment8 for: Depreckition charges DNidends, interests and rents from inv8Stm8nts Decreasellincreasèl in dèbt¢) Decrease in creditors 32,961 {2,150) 131,687) 18,955) 35, 130 (1,680) 50,402 f61. 733J Net cash provlded byl1ud Inl operatlng actlvltl•s 140.9231 68, 166 22. Analysls of cash and ¢a$h oqulval¢nts 202S 2024 Cash in hand 189,368 228,615 Total cash and cash equlval8nts 189,368 228,615 Pagg 40
SHREWSBURY TOWN FOOTBALL CLU8 FOUNDATION IA ¢ompany limited by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 23. Analysh of thang•4 In net debt S•pt•mb•r At31 2024 Cash Ilows Augu•t 2025 Cash at bank and In hand Debt due wNhln 1 year Debt due after 1 Flnance b8888 228,615 (7,9541 1161,$341 {20,5041 {39.24n 1364) 8,174 5,021 189,368 {8,3181 1153A801 115A831 38,523 12e.416) 12.107 Contlng•nt Il•bllltl•$ The assets of the Charity are ptedged as securfty with The Football Foundation, as part of thelr facllllles agreement with AFC Ludlow. 25. Oporatlng lea•• commIthnts At 31 August 2025 th$ Charfty had ¢ommttments to m?ke luiure mlnlmum LI¥ payrn&nts Ltnder rK*n- cancellable op8r8ting lease8 as folkn¥s'. 2025 2024 Nol18terthan l year Later than 1 year and not latsr than 5 years 3.906 11.719 15,625 Page 41
SHREWSBURY TO%VN FOOTBALL CLUB FOUNDATION IA company Ilmlted by guarant8•1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 26. R•latsd party transactions During the year Throgmorton Associatès Wèath Management Ltd, in which 8 Tnjslee Is a dlractor. paSd £nil12024.. £2,200 to the Chartyfor Gala Dinner tickets and auction prizes). During tha yBar Shropshlrè Homgs Ltd, in which a Trustee Is 8 director, paid £nil12024.. £1.800 to th• Ch8rity for Gala Dinner tsckets and aucb'on piizesl. Dufing the year Dyke Yaxloy. in which 8 Trustee is a director, paid £nil12024.' £7001 lo the Charfty for Gala Dinner tirJ(ets. The Charity incurred expenditure of £nil12024'. £4661 to Oyke Yaxley for the provision of professional services. During the Par Shrewsbury Town Football Club, in which a Tnjstee during ihe year was the Chief Executive Officer. spent £46,64412024= £28,972) with tho Charty oll facilty hire and rech8rges. Thfy Charity incurred expendrture of £111,09012024.' £140,484) lo Shrewsbury Town Football Club for the provision of professional services, hire of facilitifrs and a k>ng t8rm18ase on a new building for the Charity. At 31 August 2025 balano8s outstanding owing from the Club were £6,26912024.' £5,333>, and owed to the Club were £10512024.. £nill. In &Jdillon lo the above the Charity also has leases in pL2ce with Shrewsbury Town Football Club.. Lease 1- For the Foundation Offices Iformedy the Shropshire FA Building), the lease is for 74 years from 29 April 2022 and £250,000 was paid by the Foundation to the Club with the lease prowding for a peppercom iant. Lease 2- For the Media & Training Suite. leasè is for 52 years from 7 February 2022 and £53,000 was paid by the Found81ion lo the Club wth the lease providing for a peppercom rent. Ouring the year The Llntel Trust, in whl¢h a Trustee 15 a director, awarded a gfanl of £26,77812024'. £52,000) to th8 Charity. During the year Shrew3bury Town Women's Team, in which a Tnjslee is a director, spent £7.72512024.' £9,8171 with the Charity on facility hire and team kit. An amount of £1,050 was dua at the year-end. Page 42