Charity registration number 1125817
Company registration number 06333232 (England and Wales)
READING FC COMMUNITY TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

READING FC COMMUNITY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
DR Downs
NA Coupe
D Hall
PS Batth
SJ Cooke
A Tow
J Evans
G Odell
S Gomarsall
{Appointed l March 2024)
{Appointed l February 2025)
Charity number
1125817
Company number
06333232
Registered office
Select Car Leasing Stadium
Junction 11
M4
Reading
RG2 OFL
Auditor
Myers Clark
Egale I
80 St Albans Road
Watford
Hertfordshire
WD17 IDL
Bankers
HSBC Bank PIC
26 Broad Street
Reading
Berkshire
RGI 2BU
Solicitors
Bates Wells Braithwaite
10 Queen Street Place
London
EC4R IBE

READING FC COMMUNITY TRUST
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent auditor's report
8-11
Statement of financial activities
12-13
Balance sheet
14
Statement of cash flows
15
Notes to the financial statements
16-27

READING FC COMMUNITY TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE2024
The trustees present the annual report and financial statements of the charity for the year ended 30 June 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 2 to the accounts
and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "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 IFRS 102). las
amended for accounting periods commencing from l January 20191
OBJECTIVES AND ACTivmES
The charity's objectives as set out in the constitution are to assist in advancing education, to promote or assist in
promoting community participation in healthy recreation, to provide or assist in the provision of facilities for
recreation, to provide or assist in the interest of social welfare and with the object of improving the conditions of
life for those whom the facilities are provided, to relieve sickness and disability and to preserve and protect
health, and to promote any other purpose which is charitable according to English Law.
The aim of the charity is to have a positive influence on young people and the wider community through football
and is expressed through its logo 'Care Develop Educate,.
The Trust also makes pledges to its local community. These are as follows..
l. pledge to young people:
Create g positive learning environment
Enhance development
Provide football development opportunities at all levels of the game
Promote role models
Develop understanding, of and within, the game
Help build confidence, self-esteem and promote personal development
Improve individual performance
Encourage healthier lifestyles
2. pledge to the Community:
Create and maintain stronger links between the local community and the football club
Promote and develop a wide range of facilities
Help to support safer, stronger and more secure communities
Using football as a vehicle we will educate our local communities
Support volunteering and providing employment opportunities
Increase participation in football and active recreation
Provide wider community usage of the club
Support the development of individuals and groups regardless of their race, culture, religion,
gender, ability, sexual orientation, ethnicity or social status
3. pledge to those existing and potential partners:
Bring together traditional and non-traditional football activities and environments
Help identify pathways leading to additional training, volunteering and career opportunities
Inspire innovative football activities and opportunities
Promote, enhance and develop good working relationships
Provide a professional and positive working environment

READING FC COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 JUNE2024
In furtherance of these aims the charity undertakes a variety of activities Wlth children and young people within
three main streams of activity..
Schools Pmgramme
The charity works very c105ely with the schools in its area, bringing football, healthy lifestyles and education
programmes into schools, using football as a vehicle to drive the importance of education and other life skills. A
number of these artivities are free to participants with some of them requiring fees to attend activities.
After School clubs - l-hour football/multi-sport coaching sessions njn on a weekly basis throughout
the year
Lunch time clubs- superyised football/multi-sport sessions run on a weekly basis throughout the year
PPA - delivering sports/PE sessions in schools to cover teachers whilst they are in their planning,
preparation and assessment time [PPAI
Workshops - providing a variety of sport or lifestyle based sessions
Premier League Primary Stsrs - activities delivered in and out of school to increase the level of PE
provision within primary schools, up-skill teacherslteaching assistants and work alongside children in
their core subjects Iliteracy, numeracy and PSHEI to help motivate and inspire them
School football/multisport festivals and tournaments
cluster or individual schoo15 coming to the
stadium and playing events in the training dome or on the 3G pitch facilitated by the Trust
Inset days- school day football based sessions
Choices
schools
Intervention sessions with targeted pupi55 based around sport in primary and secondary
Mentoring programme - I to I mentoring work with targeted pupils helping to tackle any behaviour
issues within school
Out of schoolartivities
The charity runs a series of coaching and training 5e55ions for boys and girls that are run in the evenings,
weekends and school holidays.
Soccer Schools - football coaching that is provided to young people between the ages 5-13 in all school
holidays
Development centres additional football coaching over 30 weeks throughout the year for 5-14 year
old5
Advanced centres- additional football coaching over 30 weeks throughout the year for under 7s - 15$,
on invitation only [talented playersl
Elite centres - as before but of no cost to the player5 Ithe better talented players]
Girls only Elite centres - 4 age groups of gir5s [Under Ils, 135, 155, 17s], train ￿lce a week and play
Saturday morning Ino costl
Girls Development squads- 3 age groups Iunder 115, 135 and 15sl mirroring the Elite programme, but
only playing during school holidays.

READING FC COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)UNCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
SocialJnclusion
The charity runs a series of activitie5 for young people betmeen the ages of 12 to 19, including those who are not
in education, employment or training IN EET), offenderslex-offenders or educational under-achievers..
PL Kicks- Premier League Kick5 uses the power of football and sport to inspire young people to reach
their potential. The programme creates opportunities for young people who are at risk of anti-social
behaviour, youth violence and/or from high-need areas to regularly engage in football, sport, mentoring
and personal development opportunities. Launched in 2006 as a collaboration between the Premier
League and the Metropolitan Police to create safer and more inclusive communities, Premier League
Kicks has had a significant impact on people and places for almost 20 years. Over 600 participants are
now registered on the project funded over a 3-year period by the Premier League.
PL Inspires - Premier League Inspires is a personal development programme, developed by the Premier
League and professional football clubs, and supported by the Professional Footballers, Association {PFA).
It is predominantly delivered in secondary schools and pupil referral units. Launched in 2019, the
programme uses the power of football to inspire young people aged 11-18 at risk of not reaching their
potential, to develop the personal skills and positive attitudes needed to succeed in life. Premier League
Inspires empowers participants to develop personal, social, employability and life-skills, through a series
of regular face-to-face group sessions, mentoring, workshops and social-action projects, providing
pupils with the help they need now and supporting them to plan for their future.
PL Targeted Kicks- working one-on-one with some of the more targeted children who have the
potential to cause serious violence or anti-social behaviour.
RAP - Reading Alternative Provision education intervention programme run at the stadium for
children from various schools, care homes, foster homes, local authorities who are or may be at threat of
being excluded from their school.
Act Now - funding for 12 months from Brighter Futures for facilitating and delivering the roles of
custody coach for under 18s through out the Thames Valley area.
Apprenticeships giving young people with very limited academic qualifications the opportunity of
participating on an education course with a high sport element.
Reading College - in partnership with the college, we facilitate and teach level 2 and 3 courses in
football in the community to students from 16-19 year5 of age.
Royals Cast Chat- one-on-one mentoring seNice for referred young people who are struggling with
their mental health and wellbeing.
Step to Succes5 - a program which supports young people in Reading and surrounding areas who are
struggling with school attendance or facing other challenges, helping them overcome barriers to success
through a variety of activities and support.
The charity delivers sessions and projects under the EDI (Equality, Diverslty and Inclusion) department in
conjunction with other charities, groups, disability organisations, the football club and our main two stakeholders
PLCF (Premier league Community Fund), EFLT (English Football League Trust).
Activities include
Delivering coaching sessions in special education needs schools ISENI
Delivering projects for adults with disability and learning difficulties
Football coaching sessions specifically for certain disabilities - Downs syndrome, deaf, blind and learning
difficulties
Football tournaments and festivals for children from SEN schools
Working alongside participants trom the LGBTQ+ community
Supporting grassroots football clubs to become inclusive, helping to sustain the development of
disability football within the Berkshire area
Working in partnership with the Berks and Bucks FA to develop grassroots coaches in working with
disabled footballer5, and supporting them to gain their FA coaching disabled footballers award.
These activities are sUPPOrted by grant funding allowing free participation.

READING FC COMMUNITY TRUST
TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR EAIDED 30 JUNE2024
The Trust staff have also delivered the following courses/activities to our local community:
Sports Leaders Award
Anti-bullying workshop
Healthy lifestyle
Respect workshops
Numeracy and literacy
Volunteer development
Drink aware
Critical incident training
Fire safety
Drug awareness workshops
Public benefit
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public
benefit when reviewing the charity's aims and objectives and in the planning and operations of all its current and
future activities. In particular, the Trustees have given due regard to public benefit when setting the level of fees
to participate in activities.
ACHIEVEMENTS AND PERFORMANCE
Social Inclusion
increasing work output again over this 12-month period, Reading Alternative Provision
proving again to be very popular with schools and local authorities. Looking to extend RAP to a farm,
giving young people the opportunity of working with animals.
Sports Participation
looking to increase our provision into both public and private schools and
colleges. Apprenticeships very successful with the department, looking to recruit more in September
2025.
EDI - SEND holiday camps have been hugely successful with the trust winning the contracts of both local
authorities (Reading and Wokingham) to deliver these activities within Berkshire.
CCOP (Capability code of Practice)
introduced by the PLCF and the EFLT which rates CCO'S on 16
Specific headings relating to the governance of the Trust- Reading FC cr rated Very Good.
FINANCIAL REVIEW
During the year the charity raised a total of £2,139,708 (2023.. £1,984,997) to pursue its activities.
The charity is aiming to hold sufficient unrestricted reserves to facilitate the existing charitable activities for 6
months. This would enable the Trust to generate appropriate supplementary additional income should funding
from existing sources be reduced. In no circumstance will the reserves fall below the normal level of three months
support costs.
At 30 June 2024, the charity held £661,172 {2023: £660,374) in unrestricted reserves. This equates to
approximately 67 months of support costs (2023.. 30 months). This is greater than our stated policy and is being
used to finance future growth.
PLANS FOR FUTURE PERIODS
The Trust will continue with the existing programmes, as well as with new initiatives including..
Working in partnership with a local farm to extend alternative provision.
PLCF Fans Fund working to increase fan base with alternative groups - ethnic minority, SEND, girls and
women, LGTBQ+.
Act Now- taking over from the Custody coach, funded by Brighter Futures working with under 18s in
custody.
CCOP - maintaining current level and aspiring to reach exemplary level
Maintain current health of the Trust- Governance, Finance and Safeguarding
Ensure EDI {Equality, Inclusion and Diversity) are core to all policies and procedures within the Trust.
Looking to review Community Trust Strategy.

READING FC COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUIVE2024
STRATEGIC DIRECTION - The Action Plan
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STRUCTURE. GOVERNANCE AND MANAGEMENT
The charity is constituted as a company limited by guarantee. not having a share capital and is govemed by a
memorandum and articles of association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were:
DR Downs
AM Reaney
NA Coupe
D Hall
PS Batth
M Bradley
SJ Cooke
ATOW
S Hussain
J Evans
G Odell
S Gomarsall
{Resigned 29 September 2024)
(Resigned 24 November 2023)
(Resigned I September 2024)
{Appointed l March 2024)
(Appointed l February 20251
The sole member of the charity is Reading Football Club Limited. Members undertake to contribute a sum not
exceeding £1 to the assets of the charity if the charity is wound up whilst a member, or within 12 months of
ceasing membership.
The trustees are appointed by the member. New trustees are selected on the basis of the skills and experience
they have and receive induction from existing trustees as required.
The charity has 43 permanent and 44 casual members of staff.
The trustees met four times during the year to decide on policy and procedure. The day to day management of
the charity is undertaken by the charity's general manager.

READING FC COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT (CONTINUED)
The charity occupies premises and uses furniture and equipment that belongs to Reading Football Club. The
charity makes a financial contribution to Reading Football Club to cover costs.
Auditor
A resolution proposing that Myers Clark be reappointed as auditors of the company will be put to the Annua
General Meeting.
The trustees, report was approved by the Board of Trustees.
nj+
NA Coupe
Trustee
Dated.. 17 March 2025

READING FC COMMUNITY TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE2024
The trustees, who are also the directors of Reading FC Community Trust for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare f inancial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resource5, including the
income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to-.
select suitable accounting policies and then apply them consistently;
obseNe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disc105ed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

READING FC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF READING FC COMMUNITY TRUST
Opinion
We have audited the financial statements of Reading FC Community Trust (the 'charity'l for the year ended 30 June
2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and note5
to the financial statements, including significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 30 June 2024 and of its incoming
resources and application of resources, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice-
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) GSAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditors responsibilities for the aud/t of the
financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue a5 a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant section5 of this report.
Other information
The other information comprises the information included in the annual report other than the financial Statements
and our auditor's report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not expre55 any
form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or othetwise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed, we conclude that there is a
material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report, which includes the directors, report prepared for the purposes
of company law, for the financial year for which the financial statements are prepared is consistent with the
financial statements,. and
the directors, report included within the trustees, report h35 been prepared in accordance with legal
requirements.

READING FC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF READING FC COMMUNITY TRUST
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities {Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the trustees,
report., or
sufficient accounting records have not been kept or
the financial statements are not in agreement with the accounting records,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for
being satisfied that they give a true and fair view, and for such internal control as the trustees determine is
necessary to enable the preparation of f inancial statements that are free from material misstatement whether due
to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed a5 auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to Issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basi5 of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

READING FC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF READING FC COMMUNITY TRUST
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts
and Report5) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit worl for this report, or for the opinions we have formed.
Myers Clark
20 March 2025
Chartered Accountants
Statutory Auditor
Egale I
80 St Albans Road
Watford
HertFordshire
WD17 IDL
11

READING FC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF READING FC COMMUNITY TRUST
The extent to which the audit was considered capable of detecting irregularitie5 including fraud
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and
non-compliance with laws and regulations, we considered the following,.
The nature of the industry and sector, control envi ronment and business performance including the design
of the remuneration policies, key drivers for trustee remuneration, bonus levels and performance targets,.
results of our enquiries of Management about their own identification and assessment of the risks of
irregularities;
any matters we identified having obtained and review the charitable company's documentation of their
policies and procedures relating to,.
identifying, evaluating and complying with laws and regulation and whether they were aware of any
instances of non-compliance,.
detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected
or alleged fraud;
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations-,
the matters discussed among the audit engagement team regarding how and where fraud might occur in
the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the
organisation for fraud. In common with all audits under ISAS (UK), we are also required to perform specific
procedures to respond to the risk of management override.
M/e also obtained an understanding of the legal and regulatory frameworks that the chantable company
operates in, focusing on provisions of those /aw5 $7nd regulations that had a direct effect on the determination
of material amounts and disclosures in the f
lnancialstatements. The key laws and regulations we considered in
this context included the UK CompaniesAct.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which may be fundamental to the company's ability to operate or to
avoid a material penalty- These included the Employment law.
To address the risk of fraud through management bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions,.
assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias,. and
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation,.
reading the minutes of meetings of those charged with governance,. and
enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and
regulations to enquiry of the directors and other management and the inspection of regulatory and legal
correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.1/
www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
10-

READING FC COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTivrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE2024
Unrestricted Restricted
funds
funds
Total
2024
Total
2023
Notes
Income from:
Donations and legacies
Charitable activities
Other trading activities
70,270
1,683,445
52,210
70,270
2,017,228
52,210
37,886
1,901,518
45,593
333,783
Total income
1,805,925
333,783
2,139,708
1,984,997
enditure on:
Raising funds
73,449
73,449
67,086
Charitable activities
1,731,678
329,893
2,061,571
1,872,535
Totsl resources expended
1,805,127
329,893
2,135,020
1,939,621
Net income for the year/
Net movement in funds
798
3,890
4,688
45,376
Fund balances at l July 2023
660,374
13,225
673,599
628,223
Fund balances at 30 June 2024
661,172
17,115
678,287
673,599
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
The statement of financial activities also complie5 Wlth the requirements for an income and expenditure account
under the Companies Act 2006.
12-

READING FC COMMUNITY TRUST
STATEMENT OF FINANCNL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDrruRE ACCOUNT
FOR THE YEAR ENDED 30 JUIVE2024
Statement of Financial Activities - Prior Year Detail
Unrestricted Restricted
funds
funds
Total
2023
Income from:
Donations and legacies
Charitable activities
Other trading activities
37,886
1,575,231
45,593
37,886
1,901,518
45,593
326,287
Total income
1,658,710
326,287
1,984,997
enditure on:
Raising funds
67,086
67,086
Charitable activities
1,539,581
332,954
1,872,535
Total resources expended
1,606,667
332,954
1,939,621
Net incoming resources before transfers
52,043
{6,667}
45,376
Gross transfers belmeen funds
Net income/(expenditure) for the year / Net
movement in funds
52,043
(6,667)
45,376
Fund balances at l July 2022
608,331
19,892
628,223
Fund balances at 30 June 2023
660,374
13,225
673,599
13-

READING FC COMMUNITY TRUST
BALANCE SHEET
ASA T30 JUIVE2024
2024
2023
Notes
Fixed asset5
Tangible assets
13
483,763
89,802
Current a55etS
Debtors
Cash at bank and in hand
14
163,333
569,380
121,447
963,057
732,713
1,084,504
Creditors: amounts falling due within
one year
15
{538,1891
1500,707)
Net current assets
194,524
583,797
Total a55ets less current liabilities
678,287
673,599
Income funds
Restricted funds
16
17,115
13,225
Designated fu nds
General unrestricted funds
17
30,122
631,050
32,462
627,912
661,172
660,374
678,287
673,599
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies
Act 2006, for the year ended 30 June 2024, although an audit has been carried out under section 144 of the
Charities Act 2011. No member of the company has deposited a notice, pursuant to section 476, requiring an audit
of these financial statements under the requirements of the Companies Act 2006.
The director acknowledges hi5 responsibilities for complying with the requirements of the Companies Act 2006 with
respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies re9ime.
The accounts were approved by the Trustees on 17 March 2025
NA Coupe
Trustee
Company Registration No. 06333232
14-

READING FC COMMUNITY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30JUNE2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
22
12,027
262,785
Investing activities
Purchase of tangible fixed assets
{405,7041
(46,390)
Net cash used in investing activities
(405,704)
(46,390)
Net cash used in financing activities
Net {decrease)/increase in cash and cash
equivalents
{393,677)
216,395
Cash and cash equivalents at beginning of year
963,057
746,662
Cash and cash equivalents at end of year
569,380
963,057
15-

READING FC COMMUNITY TRUST
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 30 JUIVE2024
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimate5 and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Accounting policie5
Charity information
Reading FC Community Trust is a private company limited by guarantee incorporated in England & Wales.
2.1 Accounting convention
The accounts have been prepared in accordance with the charity's memorandum and articles of association,
the Companies Act 2006 and '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 1021~ (as amended for accounting periods commencing
from l January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at
fair value]. The principal accounting policies adopted are set out below.
2.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustee5
continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
2.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
16-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE2024
Accounting policies
{Continued}
2.5 Resources expended
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 settlement will be required and the amount of the obligation
can be measured reliably. All expenditure is accounted for on the accruals basis.
2.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment10sses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Leasehold improvements
Fixtures and fittings
Motor vehicles
21 years straight line
10 years straight line
4 years straight line
The gain or loss arising on the disposal of an asset 15 determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
Capitalisation policy
The charity defir]es a f ixed asset as a purchase or gift which provides ongoing benefit to the charity where the
purchase price, including non-recoverable VAT, exceeds £1,000, with an expected life longer than 3 years.
tems below this value and expected life should be treated as an expense.
2.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
2.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with bank5, Other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
2.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instrumentslssues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basi5 or to realise the asset and settle the liability simultaneously.
Basic financialassets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a f i nancing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
17-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE2024
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilitie5 classified as payable
within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Inancialliabilities
Derecognition of f
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
2.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
2.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Donations and legacies
2024
2023
Donations and gifts
Grants
35,270
35,000
6,386
31,500
70,270
37,886
Donations and gifts
Donations from institutions
Donations from individuals
16,494
18,776
934
5,452
35,270
6,386
Grants
English Football League Trust
35,000
31,500
35,000
31,500
18-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUNE2024
Charitable activities
Schools Out of school
programme
activities
Social
inclusion
Total
2024
Totsl
2023
Services provided under contract
Performance related grants
Other income
225,685
164,050
10,044
396,967
2,950
1,046,448
166,783
4,301
1,669,100
333,783
14,345
1,566,990
326,487
8,041
399,779
399,917
1,217,532
2,017,228
1,901,518
Analysis by fund
Unrestricted funds
Restricted funds
235,729
164,050
396,967
2,950
1,050,749
166,783
1,683,2145
333,783
399,779
399,917
1,217,532
2,017,228
For the year ended 30 June 2023
Unrestricted funds
Restricted funds
218,030
151,373
328,594
190
1,028,607
174,724
1,575,231
326,287
369,403
328,784
1,203,331
1,901,518
Performance related grants
Premier League Charitable Fund
English Football League Trust
Other
164,050
2,250
700
158,564
5,900
2,319
324,864
6,600
2,319
325,620
667
200
164,050
2,950
166,783
333,783
326,487
Other trading activities
2024
2023
Golden Gamble
Mascots
Birthday parties
Training courses
24,589
9,035
9,612
8,974
18,481
14,345
7,754
5,013
Other trading activities
52,210
45,593
19-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUIVE2024
Raising funds
2024
2023
Golden Gamble
MasCOt5
Birthday parties
Training courses
Support & governance costs
31,334
13,014
12,839
12,257
4,005
32,215
13,447
8,815
6,458
6,151
Fundraising and publicity
73,449
67,086
73,449
67,086
Charitable artivities
Schools
programme
Out of
school
activities
Social
inclusion
Total
2024
Total
2023
StafF costs
Depreciation and impairment
Direct costs
330,061
267,511
993,179
11,743
198,828
1,590,751
11,743
346,669
1,329,998
2,340
350,179
43,056
104,785
373,117
372,296
1,203,750
1,949,163
1,682,517
Share of support & governance costs
(see note 10)
21,658
21,330
69,420
112,408
190,018
394,775
393,626
1,273,170
2,061,571
1,872,535
Net movement in funds
2024
2023
The net movement in funds is stated after charging/lcrediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
12,527
11,743
10,740
2,340
Trustees
None of the trustees {or any persons connected with them) received any remuneration or benefits from the
charity during the year.
No travel expenses were paid in respect of trustees (2023.. £nil}.
During the year no donations were made to the Trust by trustees12023'. £nil).
-20-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EJVDED 30 JUNE2024
10 Support & governance costs
2024
2023
SUPPORT COSTS
Salaries
Travel and subsistence
Printing, postage and stationery
Telephone
IT support
Legal & professional
Project sundries
Training, kit and other staff costs
Other costs
51,928
2,804
4,333
688
1,167
2,781
3,495
7,425
29,265
150,742
3,680
1,412
695
1,125
2,795
3,068
1,934
19,978
GOVERNANCE COSTS
Audit
12,527
10,740
116,413
196,169
Analysed between
Fundraising
Charitable activities
4,005
112,408
6,151
190,018
116,413
196,169
Governance costs includes payments to the auditors of £12,52712023- £10,740) for audit fees.
21

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUIVE2024
11 Employees
Number of employees
The average monthly number employees based on headcount during the year was:
2024
Number
2023
Number
Permanent staff
Casual coaches and staff
43
48
30
87
78
Employment costs
2024
2023
Charitable activities..
Wages and salaries
Social security costs
Other pension costs
1,454,120
111,655
24,976
1,205,143
103,590
21,265
1,590,751
1,329,998
Raising funds..
Wages and salaries
Social security costs
Other pension costs
44,957
2,875
712
28,207
1,994
429
48,544
30,630
Support & governance costs..
Wages and salaries
Social security costs
Other pension costs
46,159
4,740
1,029
134,684
13,220
2,838
51,928
150,742
Total employment costs
1,691,223
1,511,370
The number of employees whose annual remuneration including benefits in
kind was £60,000 or more were..
2024
Number
2023
Number
Within the range of £60,000 - £69,999
Within the range of £80,000 - £89,999
12 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
-22-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EJVDED 30 JUNE2024
13 Tangible fixed assets
Leasehold Assets under
improvemènts
construction
Fixtures and
fittings
Motor
vehicles
Totsl
Cost
At l July 2023
Additions
Transfers
83,820
397,946
(481,766)
23,402
7,758
13,520
120,742
405,704
481,766
At 30 June 2024
481,766
31,160
13,520
526,446
Depreciation and impairment
At l July 2023
Depreciation charged in the year
17,420
2,987
13,520
30,940
11,743
8,756
At 30 June 2024
8,756
20,407
13,520
42,683
Carrying amount
At 30 June 2024
473,010
10,753
483,763
At 30 June 2023
83,820
5,982
89,802
14 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayment5 and accrued income
122,789
976
39,568
105,082
976
15,389
163,333
121,447
15 Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other creditors
Accruals and deferred income
56,175
10,743
471,271
38,236
35,090
427,381
538,189
500,707
-23-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE2024
16 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to
specific conditions by donors as to how they may be used.
Movement in funds
Incoming Resources
resources
expended
Balance at I
July 2023
Transfers
Balance at
30 June 2024
Out of school activities
Schools Programme
Social inclusion
Capacity Building
2,950
164,050
166,783
(2,950)
(164,050)
{162,893)
6,604
6,621
10,494
6,621
13,225
333,783
1329,893)
17,115
Prior Year Detail
Movement in funds
Incoming Resources
resources
expended
Balance at I
July 2022
Transfers
Balance at
30 June 2023
schools Programme
Social inclusion
Capacity Building
151,183
175,104
{151,1831
(181,771}
13,271
6,621
6,604
6,621
19,892
326,287
(332,954)
13,225
17 Unrestricted funds
Movement in funds
Balance at I Incoming Resources
July 2023
resources
expended
Transfers Balance at 30
June 2024
Designated fvnd$
Info Bus
Classroom
23,100
9,362
23,100
7,022
{2,340)
32,462
12,3401
30,122
General unrestricted funds
627,912
1,805,925 (1,802,787)
631,050
Total unrestrirted funds
660,374
1,805,925 (1,805,127)
661,172
-24-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EIVDED 30 JUNE 2024
17 Unrestricted funds
(Continued}
Prior year detail
Movement in funds
Incoming Resources
resource5
expended
Balance at I
July 2022
Transfers Balance at 30
June 2023
Info Bus
Classroom
23,100
11,702
23,100
9,362
{2,340)
34,802
{2,340)
32,462
General unrestricted funds
573,529
1,658,710 11,604,327)
627,912
Total unrestricted funds
608,331
1,658,710 (1,606,667)
660,374
18 Analysis of net assets between funds
Unrestricted
Restricted
Total
Fund balances at 30 June 2024 are represented by..
Tangible assets
Current assets111iabilities}
483,763
177,409
483,763
194,524
17,115
661,172
17,115
678,287
Unrestricted
Restricted
Total
Fund balances at 30 June 2023 are represented by..
Tangible assets
Current assets/{liabilitiesl
89,802
570,572
89,802
583,797
13,225
660,374
13,225
673,599
-25-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUIVE2024
19 Operating lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, which fall due as follows:
2024
2023
Within one year
Between two and five years
In over five years
29,866
55,896
127,088
21,245
26,906
212,850
48,151
20 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel was as follows-
2024
2023
Aggregate compensation
153,289
164,001
Transactions with related parties
The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions
with group companies on the grounds that consolidated financial statements are prepared by the ultimate
parent company.
Ultimate controlling party
The immediate parent company is The Reading Football Club, by virtue of it being the sole member of the
company and having sole power in appointing and removing trustees of the company. The ultimate
controlling party is Dai Yongge by virtue of havi ng control of Great Shine International Limited, the ultimate
controlling parent company of The Reading Football Club Limited.
21 Analysis of changes in net funds
The charity had no debt during the year.
-26-

READING FC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE2024
22 Cash generated from operations
2024
2023
Surplus for the year
4,688
45,376
Adjustments for:
Depreciation and impairment of tangible fixed assets
11,743
2,340
Movements in working capital..
Uncrease)/decrease in debtors
Increase in creditors
(41,886)
37,482
31,882
183,187
Cash generated from operations
12,027
262,785
-27-