Do￿$￿3n Envelope ID: FE1hA568-6C1A4CF24FA8-A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
FINAIYCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Charity Number
1126526
Rc8iStered Number
06443209
England and Walc5

Docuslgn Envelop8 ID.. FE1AAS6MC1A4CF2-8FAM8AE638A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
FOR THE YEAR ENDED 30 JUNE 2024
CONTENTS
Page
Reference and administrative details of the Charity,
its trustees and advisors
Rew)rt of the trustees
2- 11
Independent Auditor'5 Report
12-14
Statement of financial activilies
15
Balan¢c sheet
16
Statement of cash flows
17
Notes to th¢ financial statement5
18-26

DoCu￿gn Envelope ID.. FE1AA568-6C1A4CF2-8FA6-A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHAIUTY, ITS TRUSTEES AND
ADVISORS
FOR THE YEAR ENDED 30 JUNE 2024
Trustees and Dlrectors
J R Rudkin
S V Whelan
A M Kapur
A Beddow
N Oakley- resigned 15 March 2024
R Nixon
K Davies- appointed i i th June 2024
Regl$t¢r¢d offlee
King Power Stadium
Filbert Way
Leicester
LE2 7FL
Company reglstered number
06443209
Charlty registered number
1126526
Auditor
The Rowleys Partnership Ltd
Chartered Accountants & Statutory Auditor
Chamwood House
Harcourt Way
Meridian Business Park
Leicester
LE19 IWP

Docusign Envelope ID.. FE1AA568-6C1A4CF2-8FA6-A8AE636A4E32
LEICESTER CITV FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees present their annual T¢POrt tO8Cther with the financial statements of Leicester City Football Club Trust
Limit¢d ("the Charity") for the year ended 30 June 2024 ('%he year"). The Trustees ¢onfim) that the r¢port of the
Trustees and financial statements of thc charity comply with the ru￿¢nt statutory requirements, the requirements of
the Charity'5 governing document and the provision5 of the Ststement of Recomrnendcd Practice (SORP) applicable
to Charities preparing their financial slatements in accordance with the Financial Reporting Standard) applicable in
the UK and Republic of Ireland (FRS 102) (effective l October 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
GoverDing Document
Leicester City Football Club Trust Limited was incorporated under the Companies Act 2006 as a company limited
by guarantee governed by its Memorandum and Articles of Association dated 3 December 2007. It was registered
as a charity with the Charity Commission on 31 October 2008 (charity no,. 1126526). The liability of the members
is limited to an amount not exceeding £10.
Organi5atlon
The Charity is operated by a Board of Trustees. The Board of Trustees meet as a minimum quarterly and il provides
strategic guidance and governance. The Trustees are continually seeking to broaden the mix of experience and ski115
within the Board of Trustees in order to enhance the opera¢ion of the Charity and to fa¢ilitate th¢ growing range of
projects being delivered. TD manage the day lo day operations of the Charity the Trustees have appointed a 'Head
of Community, who has delegated authority within specified limits, for operalional matters including finance.
employment and strategic development of the Charity. All areas of ihe Charity's operations and developments are
reported upon by thc Head of Community during the Ttijstees, meetin8S.
Dlrectors and Trustees
The directors of the Charity are ily Tntstees for the purpose of charity law. Throughout this report they are
collectively referred to as the Trustees.
The Trustees who Served the charity during the year were as follows:
J R Rudkin
S V Whelan
A M Kapur
A B¢ddow
N Oakley - re5igned15 March 2024
R Dixon
K Davies- appointed I l June 2024
Trustees, reeruitment and Induetlons
The Board of Trustees seeks to build on the Board's cu￿ent skills mix when appointing new Trustees who bring
new knowledge and impetus to the Charity. Specific specialisms are assigned to individual trustees. such as culture
and ethos, finance and Safeguarding.

Docuslgn Envelope ID". FE1AA588-6C1A4CF2-8FA6-A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
New Trustees are invited and encouraged to attend the various activities and operations of the Charity and to meet
team members to familiarise themselves with the organisation dnd the context within which it operates. The
Trustees are also guided by professional advisors and the Head of Community to ensure they have a full
understanding of area5 such as:
The obligations of the Trustees under eharity and company law
The main documents which set out the operational framework for the organisation including the
Memorandum and Articles of Association
Recent copies of minutes of meetings
The business plan and recent financial perfornlance of the or8anis&tion
Future plans and objectives
Rel8ted parties
Leicester City Fovtball Club Limited ("LCFC") has supported the Charity both financially aTJd through facility,
accounting and administration 5UPPQrt over the year. Susan Whelan is also a Director and Chief Executive of
LCFC.
The Premier Leasue Charitable Fund has ihe responsibility of supporting community progratnmes by offering the
opportunily to apply for funding to provide themed activities in ￿dItiOn to evaluating the Charity'5 'Capability
status,.
Rlsk manigement
The Trustees have a risk managemenl strategy which comprises,,
A Th annual review of the risks the charity may faLe.
The establishment of systems and procedures to mitigate ihose risks identified.
The implementation of procedures designed to minimise any potential impaGt on the charity should those
risks materialisc.
The Charity has a comprehensive 'Risk Register, which meets the Premier League's 'Capability Status Code of
Practice, criteria. 'Risk' is a standing item on every Trustee's meeting agenda, The 'Risk Register, is therefore
revicwed every two months. The greatest risks are identified as:
saf¢gu￿ding. The Charity employs a dedicated full time 'Designated Safeguardin8 Lead.. has estsblished
'Safeguarding Forum, and has a nominated 'fru5tec with responsibility for 'Safeguarding', No
f¢guarding incidences wa￿anted reporting to the Charities Commission during this financial year.
Finance. The Charity is aware that it needs to diversify its income streams and is focussing on local and
National funders.
League status. League Status cannot influcnced by The Trust either directly or indirectly so diversifying
income and developing an investment strategy can alleviate the impact of this potential risk.
Pandemic. The Charity is now aware that Covid19 is a risk and is reflected in the updated register.
Leicester City Football Club were relegated from the Premier League in Junc 2023 resulting in a total loss of
£310,000 of grant funding from Premier League Charitable Fund (PLCF) and Premier League Professional
Footballers Association (PLPFA). The loss had been plann￿ for and as a result there were no redundancies or
significant changes to delivery and operations. In May 2024 Premier League status was secured following LCFC'S
successful season in the EFL Championship.

Docvslgn Envelope ID.. FE1AA568-6C1A4CF2-BFA6-A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
There 15 a place for everyone at Lticester City in the Community
Leicester is our home. We belong here and we are proud to be part of this community, and it is our mission to ensure
every person in Leicester, Leicestershire and Rutland (LLR) feels the same way.. that they belong.
The 2023124 scason hag proven to be another successful year for Leicester City in the Community as w¢ continue to
grow our presence across the city and county- During this period. we have secured significant new funding to
enhance our work and to engage diverse communities, worked with kcy local partners to design and deliver a rang¢
of cornmunity and education activities to address loial need, and launched our new 2024-2027 Community Strategy
which outlines our priorities and ways of working as we move lorwards.
When we launched our previous strategy in 2019, it is fair lo say that we had no idea of the challenges that lay
ahead. The COVID-19 pandemic, cost-of-living Crisis and numerous global conflicts had a seismic impact on
people's lives within our community. New and acuie issues emerged. people needed our support more than ever. in
ways we could never have foreseen. We had to listen, eollatK)rate and adapt in order to meet those needs. Not to say
wc gol everything right, but wc were galvanised by the ways in which our strategy enabled us to change course and
respond to the most urgent challenges.
Our community hub model. the basis of that previous strategy, fa¢ilitated local action and ¢onsultstion, meaning we
were able to effectively deliver targeted interventions 10 Ihose most in need. The outcomes of that work, and the
impacl we delivered, assured us that the model is working. Bui ihcre is more to do - much more. Therefore, our
strategy for 2024-2027 builds directly from the model, impa¢1 and learning from the previous cycle. Targeied
interventions will be the foundational delivery mechanism for our work. We will continue to listen, understand and
respond to communities on a Iocyal level. We are certain the conl¢xt will Change ()ver the course of the next four
years, but so will our activity. We will continue to work tirelessly with those communities and our inLredible
network of partners to enyure we deliver for people most in need within LLR.
LLR has long been defined by it5 diversity, its spirit and its resilience. This won't change, but the challenges we face
arc real and profound. Food povcrty is at.a record high. Young people report feeling isolated and like ihey do not
belong. Mentsl health referrals are high and social isolation impacts negatively on both our younger and older
community members. Activity and childhood obesity levels are amongst the worst in the country. These are merely a
few of the deeprooted issues facin8 our communities.. we will do everything we can lo address them. We do not
know what our precise programming strategy will be by the end of thi5 Cycle, bul we are sure of our approach= area-
based, workin8 Wlth local people and partners to solve local problem5. We will spend every day fostering a sense of
belonging for our communitics, cultivated by our amazing people and the indelible power of the Leicester City l--C
family. No matter who we are or how wc got hcre, we all belong. We are Leicester. We are for everyone.
OurApproa¢h
Leicester's rich multiculturalism is one of its many slrengihs. The city of Leicester is the first in thc UK in which no
ethnic group has a majority. The diverse socio-demographic composilion is what makes it such an inclusive place to
live, but also means we must never adopt a one-size fits-all approach to our work.
Each of our communities needs different things from us. Through intensive collaboration and Consultalion, we will
design bcstx)ke and targeted activilies that mccl the needs of people at a local level. This will be underpinned by our
core principles:
Our Value5'. Everything we do is underpinned by our unwavering commitment to our six core values:
we Engage, Inspirc and Empower through Togetherness, Respect and Pride.
Our Ethos.. Our commitment to delivering impact is not limited to just the outcomes of our work, Tt is
also fundamental to the way we will work. We have some unwavering principles, underpinned by our
values. which reflect our commitment to our communities and our peopl¢.

Docusign Envalope ID: FE1 AA5684C1A4CF2-8FA&ABAE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
Targeted Interventions.. Evidence-based programmes and activities designed to ensure we reach ihe
right people, at the right time, in the right place. These will be bespoke and created with. and for, our
communities.
Community Hubs: Built around a long-tern], sustainable vision. the hubs are LLR-wide, hyper-local
anchor sites in the heart of the areas they represenL It is from these hubs that we will co-design- and
then deliver- tailored programmes, interventions and activities that address the most pressing needs of
that respective community.
Partnerships.. We are stronger together. Collaboration is a foundational principle by which we operate.
We will work closely with existing and new partners. local and national, to deliver greater impact and
best serve th¢ needs of the people of LLR.
Environmental Sustainability: We will work with our people and partners to embed environmental
sustainability practice in everythin8 we do. We have a responsibility to lead the way, engagc, inspire
and empower our communitie5 to reduce environmental impact at every opportunity.
Our People,, Nothing happens without our in¢r¢dible, committed and passionat¢ team. This is not just
those out in the community delivering programmes, but those working b¢hind-the scenes in
operational and d¢velopment roles.. they are the glue that holds everything together.
Our Thernes: Our primary thematic focus areas. the onw within which we will be working to deliver
direct, life-changing outcomes for our communities, are Education and Community. Every programme
we deliver will, in som¢ way, positively impact an individual's health and wellbeing. This underpin5 all
of our work, across every strand.. it is fundamental.
Our Diver3ity'. When we are truly diverse as an organisation, our people will accurately rellect the
demographics of Leicester. After all, We Are Leicester and we are for everyone. We are not there yet
and we will continue to work with our club and partners ￿ realise this vision.
OBJECTIVES AND ACTIVITIES
The Charity's objectives (the Objects) are for the benefit of the public 8cnerally and in particular, the inhabitants of
Leicestershire and its su￿Ound1ng areas as follows..
to promote community participation in healthy recrealion by providing facilities for the playing of
association football and other sports capable of improving health.
to provide and assist in providing facililies for S￿rt, recreation or other leisure time occupation of such
persons who have need for such facilities by reason of their youth. age, infirniity or disablement, poverty or
SOCiV41 and cconomic circumstances or for the publi¢ at large in the interest5 of social welfare and with the
object of improving their conditions of life. and
to advance the edu¢ation of children and young people throu8h such means a5 the Trustees think fit in
accordance with the law of charily.
The Trustees confimi that they have referred to the guidance conlained in the Charity Commission's g¢ncral
guidanr¢ on public benefit when reviewin8 the charity's aims and objedives and in planning fil￿re artivities.

Docusign Envelope ID.. FE1AA568-6C1A4CF2_8FA6-A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
{A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
ACHIEVEMENTS AND PERFORMANCE
The 2023124 season has proven to be another successful year for Leicester City in the Community. From securing
£1.8m in grant funding to engaging over 12.000 people through 30+ impactful projects. we've focused on driving
meaningful change in Leicester, Leicestershire. and Rutland. Whether it's tackling food povety, promoting mentsl
well-being. supporting young carers, welcoming refugees and p￿PIe seeking asylum or increasing opportunities for
women and girls in sport, our Community initiatives have left a1&8ting mark. The passion and eommitment of our
team. 26Yo of whom are fornler participants or volunteers. has been pivotal in our success.
OUR SEASON IN NUMBERS
Over 30 projects and prugrammes delivercd
Over 12.000 participants engaged of which 39Yo were women and girls, 47Yo from minority ethnic
communities and IOQ/o identified as having a disability.
74 player engagemenls (Men's, Women's and Development Squad) at sessions and events.
26Yo of our staff team are fornier participants or volunteers
IOOYO of staff feel proud to work for Leicesler City in the Community (January Staff Survey 2024)
Facilitated the investment of £130,000 of Apprenticeship Levy funding from LCFC into the Local Coach
Core Apprenticeship partnership.
EDUCATION
Th¢ purpose of Education theme is to inspire children, young people and yuung adults across Leicester and
Leicestershire to improve attainment and change attitudes towards learning.
Highlights include:
Premler League PriJn4ry Stars
Premier League Primary Stars. funded by the Premier Leagu¢ Charitable Fund (PLCF), uses the appeal of the
Premier League and professional football clubs to inspire primary llge children to be active and develop important
life ski115. throu8h the delivery of a range of intervenlions including English, Maths, PSHE and PE.
18 primary schools eng&gcd in ihe programme.
3,163 children engaged.
900/0 of teachers feel more ￿nfIdent delivering PE,
5 sports days and I I school Competitions deliver¢d.
Premier LeAgue Insplres
Premier League In5pire$, funded by the Premier League Charitable Fund (PLCF). empowers participants to develop
personal. social, employability and lifeskills. through a Series of regular face-to-face group sessions,
mentoring, workshops and social-action projects.
420 young people engaged in th¢ programme
250/0 average improvement in participant menthl wellbeing

OocJJ$lgn Envelope ID: FE1AA568-6C1A4CF2_8FA6.A8AE638A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUA114NTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
Vlolence Intervention Project
The Violence Intervention Project. funded by the Leicestershire Violence Reduction Network. targets young people
(aged I1- 25) in their most vulnerable moments. whether in A&E for violence-related injuries or in poli¢e custody
for violen¢e-related offences. In these 'reachable moments, our partners offer tailored support to help guide young
people towards recovery and growth, including referring into our sport and physical activity pathway.
87 participants engaged in the programme
750/0 of participants engaged positively with Lcitc
COMMUNITY
The purpose of our Community Engagement theme is to engage all communities to provide activities and
programme$ that respond to local challenges and need.
Highlights include:
Premler League Kieks
Premier League Kicks, funded by the Premier League Charitable Fund, uses the power of football and sport lo
inspire young people to reach their potential. The programme creates opportunities for young people who are at risk
of anti-social behavioury youth violence andlor from areas of high need to regularly en8aBe in football. sporl
mentoring and personal development opportunities.
2,127 participants engaged.
24¥0 of participants identify as female.
21 weckly sessions delivered.
I, l34 participants engaged in competitions
313 participants engaged in educational workshops
Prolect 15
Project 15, funded by the Premier League 8nd Professional Footballers, Association (PLPFA)
Community Fund and Barclays l 00 v 100 Fund is delivered in partnership with Women4Chan8e in St Matthews,
and Team Hub in New Park5, and aims to provide families with targeted support and acGe5S to services that would
otherwise find hard to access. The project takes a holistic approach to SUPPOrt, with sessions being tailored to the
needs of the families with an aim to increase mental and physical wellbeing and reduce socialisation.
498 participants engaged in activity
8 r¢8ular weekly sessions delivered
42Yo of participants from Diverse Ethnic Communities.
Attive Women
Active Women, funded by the Fooiball Foundation's Active Through Football initiative, works with women aged
18-49 in the St Matthews and Highfields area ofthe city by dclivering a range of progrdmmes and sessions.
Working predominantly with thc South Asian and Somali communities, the fivc-ycar project strives to increase
access to more community activities, incrcasc physical and mental wcllbeing. reduce obesity and social isolation,
and develop employability skills.
439 participants en8agd.
900/0 participants from Ethnically Diverse Communities
300 sessions d¢liv¢red equating to 4149 conta¢t hours

DofAJ$lgn Envelope ID.. FE1AA5684C1A4CF2-8FAFA8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARINTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
Food Poverty
Food Poverty continue5 to be a priority area for Leicester City in the Community and our approach aims ￿ suprrf)rt
individuals and families who are unable to afford or have access to food to make up a healthy diet, an issue which has
continued to increase because of the cost-of-living erisis.
Hi8Eilights include:
Hosting 3 x Pop Up Pantries in parlnership with Leicester City Council and Samworth Broihers.
1,750 families engaged in Pop Up Pantry events.
£13.5k 5cGur¢d to provide food parcels to families in need as part of the Islamic Relief UK summer food
drive.
Engaging 249 eligible participanls in DfE Holiday Activities and Food pro8ramme provision, of which 360/0
of participants were female and 600/0 from ethnically diverse communities.
FOOTBALL DEVELOPMENT
The purpose of our Football Development theme is to provide suitable football activities for individuals across
Leic¢5ter and Leicestershire.
Highlights include:
2,150 participants engaged in football camp provision.
51 I participant5 engaged in Skills Centre provision.
75 female participants engaged in our Girls School Football programmc.
9 participants engaged in our Powcr Chair Football pilot.
Securing £14.4k as part of the Kellogg's l EFL Summer Holiday Football Camps Partnership Agreement.
TALENT ENGAGEMENT
Leicester City in the Community projects, programmes And participants have benefited
from 74 in person pl&yer appearances, and 49 virtual player engagements during the 2023124 sea50n.
In person player appearances consisted of:
8 x LCFC Men player appearances
13 x LCFC Women player appearances
42 LCFC Development Squad player appearances
8 LCFC Legend player appearances

Oocusign Envelope ID". FE1AA588-8C1A4CF2-8FAMBAE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUAtL4NTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
FINANCIAL REVIEW
The Trustees would like to highlight that Leicester City Football Club Trust Limited has made positive progress
within the 202312024 financial year. The Charity has made a financial surplus of £15,834 in unrestricted funds.
The organisation ig pleased to rep)rt the extension and acquisition of additional levels of restricted funding through
continued support from Premier League's Charitable fund (despite the change in league status for LCFC) and
partnerships with additional grant funders secured. This has enabled the Charity to extend its reach and impact
across the communities of Leicestershire addressing national and local agenda through the powcr of
football. Restricted funds held decreased from £372,067 at JO June 2023 to £287,224 at 30 June 2024,
The Charity has continued to operate under $tri¢t financial control. whilst ensuring projects are delivered effe¢tiv¢ly
and meeting the Charity's minimum quality a55urance operating 31andards. Areas of improved financial perforniance
havc b¢¢n achieved through closer monitoring and Clearer financial procedurc5. Taking into consideration the higher
proportion of PL grant aid the Charity has continued to grow its operational structure, which ha5 resulted in an
increase of overhead5 the Charity has had lo account for. Throughout the 2023124 year this has been carefully
m8na8ed with the primary focus on serving the local community through the delivery of the projects detailed above.
FUTURE PLANS
The Head of Community will:
Embed the Charity'5 new 5trate8y 'We Are Leicester. and ensure the organisational structur¢ can
effectively deliver
Ensure the development and implementation of a robust Theory of Change and Impact and Outcomes
framework to effectively measure the impact of the Lcitc's Strategy
Continue to diversify income streams including partnership working with International Funders (e.g.,
UEFA Foundation. VF Foundation), National funders {e.g., National Citizen Service, Sport England,
Department for Educ&tion) and local funders (Leicester City Council, Leicestershire Violence Reduction
Network, Office of the Police and Crime Commissioner for Leicester, Leicestershire and Rutland).
Draft, publish and implement a facility development strategy
Raise the profilc of the charity both internally within LCFC and externally- both locally and nationally.
Continue to improve the quality and diversity of pro8ramm¢s and therefore increase measurable outcomes.
Oversee the development of a trading subsidiary.
Educatlon
Funding from Heritage Lottery will enable us to grow and develop our Outdoor Learning offer. We will ¢ontinue to
engage and develop participation and leamin8 OPPOrtunitie5 for care experienced children and young people, and
young ¢arers.
Communlty
Funding from the Premier League and Professional Football Association Fund (PLPFA) will allow us to grow and
develop our Proj¢¢t 15 offer. providing support for vulnerable families across th¢ city and county. Funding from
NHS Leicestershire will allow us to provide dedicated support for Refugees and People Seeking Asylum. We will
continue to invest in and develop our nctwork of Community Hubs, located in the heart of the communities that w¢
serve.

Docusign Envelope ID.. FE1AA568-6C1A4CF2-8FA&A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARINTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
Targeted Interventlons
As part of our new organisatlODal strategy, we will develop a new Targeted Interventions theme which will enable
us to develop projects and programmes that meet specific identified needs, promote behaviour ehange and deliver
measurable impact.
EnvlronmentAI Sustainablllty (ES)
Lcitcs Environmentsl Sustainability Action Plan continues to support our efforts to champion, raise awareness and
educate our staff, participants and communilics on the impact oFclimat¢ change and environmentally suslainable
practices.
Dlverslty* Equlty ind Incluslon (D,E and l)
Finally, yet arguably most importantly, Lcitcs Div¢r5ity, Equity and Inclusion Action Plan is inforyncd by data,
insight and engagement with our communities and continues to drive and support our inclusive ethos. There is a
place for everyone at Lcitc. Ultimately. we want to create a measurable sense of belonging for ow people and our
participants alike and onr¢ we are fully equal, diverse and inclusive we will 'look like Leicester,.
RESERVES POLICY
The Trustees have examined the Charily's requirements for reserves in light of the main risks to the organi5ation. It
has established a policy whereby unresiricted funds not committed or invested in tangible fixed assets held by the
Charity should be no les5 than 6 months of the unrestricted expenditure of the charity to ensure that there are
sufficient reserves so that the Charity can conlinue as a going concern during any adverse period.
GOING CONCERN
The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational
existence for the foreseeable future. For this reason, they continue to adopt the going ¢oncern basis in preparing the
financial statements.
10

DO￿$1g￿ En￿lope ID.. FE1AA5684C1A4CF2-8FA6-A8AE838A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
TRUSTEES, RESPONSIBILITIES STATEMENT
The Trustees (who are also directors of Leicester City Football Club Trnst Limited for the purposes of company
law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the twstees to prepare financial statements for each financial year.
Under company law the trustees rnust not approve the financial statements unless they are satisfied that they give a
true and fair view of the state of affairs of the charitable Company and of the incoming rcsourc¢s and application of
resources. ineluding the income and expenditure, of the charitable company for that period. In preparing th¢se
financial Statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe th¢ methods and principles in the Charities SORP 2019 (FRS 102);
make judgments and ¢stimates that are reasonabl¢ and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
prepare thc financial statements on the going concern basis unless it is inappropriate to presumc that the
charitable Company will continue in operation.
The Trustee5 are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any
time the financial position of the charitable company and enable them to ensure that the financial statements comply
with thc Companies ALt 2006. They are a150 responsible for safeguarding the assets of the charitable company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees confim that:
so far as each trustee is aware, there is no relevant audit infonnation of which the charitsblc company'5
auditor is unaware. and
tE]e trustees have t&ken all the steps that they ought to have tsken as trustees in order to make themselves
aware of any relevant audit inforniaiion ond to establish that the chariiable company's aUdI￿r is aware of
that infomiation.
AUDITOR
The auditor. The Rowleys Partnership Ltd, will b¢ proposed for reappointment in a¢¢ordance with section 485 of the
Companies Act 2006.
SMALL COMPANIES NOTE
In Prep￿ing this report, the directors have taken advantage of the small companies, exemptions provided by section
415A of the Companic5 Act 2006.
24 January 2025
This ￿port was approved by the Board of Trustees on .
and Signed on its behalf by:
8iontd by..
CD048F8E4B3...
apur
Chair of Trustees

Docusign Envelope ID.. FE1AA568-6C1A4CF2-BFAPrA8AE636A4E32
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
Opinion
We have audited the financial 5tsternents of Leicester City Football Club Trust Limited (the 'charitabl¢ company,)
for the period ended 30 June 2024 which comprise the Statement of Financial Activities. the Balance Sheet. the
Statement of Cash Flows and notes to the financial statement4 including significant accounting policies. The
financial reporting fram¢work that ha5 been appli¢d in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Siandard applicable in
Ihe UK and Republi¢ of Ireland (United Kingdom Generally Acceptsd Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affAirs as al 30 June 2024. and of its
incorning resources and application of resources, including its income g4nd expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Acc¢pted Accounting Practice.
and
have been prepared in accordance with the rwuirements of the Companies Act 2006.
Basls for oplDlon
We conducled our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further de5¢ribed in the Auditor's responsibilities for the audit of
the financial statemenl5 section of our report. We are independent of thc Charitable company in accordance with the
ethical requirements that are relcvant io our audit of th¢ financial statcments in the UK, including the FRC'S Ethical
Standard. and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe
that the audil evidenLe we have obtained is sufficient and appropriate to pmvide a b&5is for our opinion.
Contlusions rel4ting to going concern
In auditing the financial statements. we have Loncluded that the trustees, us¢ of the 8oin8 Concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornied, wc have not identified any material uncertainties relatin8 to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going con¢em for a period of at least twelve months from when the financial statements are authorised
for issue.
Our re5pon5ibilities and the responsibilities of the trustees with respec( to going concern are described in the
relevant sections of this report.
Other Information
The other infomation comprises the information included in the trustees annual report. other than the financial
stalements &nd our auditor's report thereon. The trustees are responsible for thc other infomiation contained within
the annual report. Our opinion on the financial statements does not cover the other inforniation and. except to the
exlent otheNise explicitly stated in our reporL we do not express any forni of assurance conclusion thereon. Our
responsibility is to read the other information and. in doing so, consider whether the other inforniation is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears
to be materially misstatcd. If we identify suGh material inconsistencies or apparent material misstatements. we are
required to deterniine whether thi5 gives rise lo a materiai misstatement in the financial statements themselves. If,
b&8ed on the work we have pcrformed, we conclude that there is a material misstatetnent of this Other infomiation.
we are required to report that fact.
We have nothin8 to report in this regard.
12

Docusign Env8lope ID.. FE1AA568-6C1A4CF2-8FA6-A8AE636A4E32
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LJMITED BY GUAIi4NTEE)
Oplnlons on other matters preseribed by the Comp2nles Aet 2006
In our opinion. based on the work undertaken in the course of the audit..
the infomation given in the trustees, report (ineorporating the directors, report) for the financial year for
which the financial statements are prepared is consistent wich the financial statements. and the directors.
report has been prepared in accordance with applicable legal requirements.
Matters on which we Are requlred to report by exeeption
In the light of the knowledge and understanding of the charitable company and its environment obiained in the
course of the &udit, we have not identified material misstatements in the director5. report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion,,
adequate accounting records have not been k￿t, or returns adquate for our audit have not been received
from branchcs not visited by us. or
the financial statemenls are not in agreement with the accounting records and returns. or
certain disclosures of directors. remuneration specified by law are not rnadc. or
we have not received all the information and explanations we require for vur audit. or
the trustees were not entitled to prepare the financial statements in accordance with the Small companiey,
regime and take advantage of the small companies. exemptions in preparing the directors. report and from
the requirement to prepare a strategic report.
Responslbllltles of trustees
As explained more fully in the trustees. responsibilities statement set out on page I I, the trustees (who are also thc
directors of the charitable company for Ihc purposes of company law) are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view. and for such intcrnal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from mat¢rial
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible (or as5e5sin8 the charitable company's ability to
continue a5 a going concern, disclosing. as applicable, malters related to going concem and using the going concern
basis of accounting unless the trustees either in*nd to liquidate the charitable company or to cease operaiions, or
have no realistic alternative but to do so.
Auditor's reiponsibilities for the audlt of the financl41 statements
Our objectlVCS are to obtain reasonable assurance about whether the finan¢ial 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 condurtcd in accordance with
ISAS (UK) will always detect a ma*rial mis51atement when it exists. Mi55tatements can arise from fraud or error
and arc con5ider¢d material if, individually or in the ag8r¢gate. they could reasonably be expected to influence the
economic decisions of users iaken on the basi5 of th¢5¢ financial statement5,
Irregularities, including fraud. are instances of nOn￿omPlI￿nce with laws and regulation5. We design procedures in
line with our responsibilities, Qutlined above, to detect material misstatements in respect of irregularities. including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory framcworks that are applicable to the company
and determined that the most significanl which are directly relevant to 5pecifi¢ assertions in the financial
statements are those related to the financial rep)rting frameworks (UK Generally Accepted Accounting
Practice, the Cornpanies Act 2006) and the relevant tax compliance regulations in the jurisdiction in which
the company operates;
13

Do¢uslgn Envelope ID: FE1AA588-6C1A4CF2-8FA&ABAE636A4E32
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
We enquired of management, whether they were aware of any instance5 of non-compliance with laws and
regulations or whether they had any knowledge of actual, suspected or allcged fraud.
We assessed the su5¢eptibility of the entity's financial statements to material misstatemenl including how
fraud might occur.
Our testing considered unusual or unexpected joumal entries on a sample basis.
We evaluated the assumptions and judgements used by management within significant accounting
estimate5 and assessing if these indicate evidence of managernent bias-
We tested significant transactions, in partieular the evaluation of the bu5ine5s rationale for any which
appear unusual or outside the company's normal course of business.
We assessed the appropriateness of the collective competence and capabilities of the engagement team by
understandin8 the practical experience with audit engagements of a similar natu￿ and complexity. plus
ensuring the tcam had appropriate and relcvant training of the financial reporting framework and the
relevant tax Compliance regulations specific to the entity.
W¢ reviewed the financial slatemenls and tested the disclosures against supporting do¢umentaiion' and
We communicated relevant matters lo all members of the audit team to ensure they understood the risks
specific lo the entity and the audit procedures planned to mitigate these.
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, in¢ludin8 those
leading to a material misstatement in the financial statements or non-compliance with rcgulation. This risk increases
the more that compliance with a law or regulation is removed from the event5 and transactions reflected in Ihe
financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is also
greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment,
forgery, collusion. omission or misrepresentation.
A further description of our responsibilities is available on the FRC'S website
at.. hit s.'IIM'wiv.l-rc.oi'
.ukJaudiiorslaudil-assiiranLel ditor-s-r
onsibililies-for-Ihe-audSt-ol'.Ihe-fildeqcri
on
-lorThis description fonns part of our auditor's report.
ion-or-
Use of our report
This report is made solely to the charitable company's members, as a body. in ac￿rdanCe with Chapler 3 of Part 16
of the Companies Act 2006. Our audit work hg4S bcen undertaken so that we might state to the charitable company's
members those matters we are required to sthte to thcm in an auditor's report and for no other purpose. To thc fullest
extent pemiitted by l&w, we do not accepi or assume resw)nsibility to anyone other than the eharitable company and
the charitable ¢ompany's member5 as a body, for our audit work, for this report, or for the opinions we have fomled.
Mrs L G Park¢s FCA FCCA
Senior Statutory Auditor
for and on behalf of The Rowleys Partnership Ltd
Statutory Auditor, Chartered Accountants
Date:
9￿/
14

ocusign Envelop8 ID.. FE1AA568-6C1A4CF2-8FAfvA8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STA TEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024
Note
2024
Unrestricted
Fundg
2024
Restricted
Funds
2024
Total
Funds
2023
Unrestricted
Funds
2023
Restricled
Funds
2023
Total
Funds
INCOME FROM:
Donations and subscriptions
117,157
124.821
231,991
231,991
Charitable aetlvltles:
Grants
Soccer schools, coaching
and courses
173,967
383.287
1,117,OS2
6,434
1291,019
389,721
234,500
307,920
1,067,886 1,302,386
29.063
336,983
TOTAL INCOME
564.918
1,240,643
1005,561
542,420
1.328,940 1,871,360
EXPENDITURE ON:
Charitlble activities
Direct costs
349,259
1,472,161
1,821,420
271,641
1,460.599 1.732,240
Support ￿StS
41,138
12,012
$3,150
34,277
25,174
59,451
TOTAL EXPENDITURE
390,397
1,484,173
1074,570
305,918
1,485,773 1,791,691
NET INCOMEI
(EXPENDITURE)
174,521
{245￿30)
(69.009)
236,502
(156,833)
79,669
Transfer of funds
(158ffi87)
158,687
(l28,724)
128,724
NET MOVEMENT IN
FUNDS
15034
(84043)
(69,009)
107.778
(28,109)
79.669
TOTAL FUNDS AT I JULY
2023
1,021a62
372.067
1,393,429
913,584
400,176 1,313,760
TOTAL FUNDS AT 30
JUNE 2024
1,037,196
287.224
lJ24,420
1.021.362
372.067 1.393,429
All activitie5 relate to continuing operations.
The notes on pages 18 to 26 forni part of these financial statem¢nts.
15

DoLwslgn Envelope ID.. FE1AA588-6C1A4CF2-8FAM8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET AT 30 JUNE 2024
Iyott
2024
2023
FIXED ASSETS
Tangible
io
2,139
2,674
CURRENT ASSETS
Debtors
Cash at bank
183,269
1,506,952
60.663
1,713,985
1.690,221
1,774,648
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
12
367,940
383,893
NET CURRENT ASSETS
lJ22J81
1,390.755
NET ASSETS
1,324,420
1,393.429
FUNDS
Unrestricted funds
Restricted funds
14
15
1,037,196
287.224
1.021.362
372,067
TOTAL FUNDS
1,324,420
1,393,429
These financial statements have been prepared in accordan¢e with the provisions applicable to companies subject
to the small companies regime.
24 January 2025
The financial statements were approved by the Trustees on ..,...,..
. and were signed on its behalf by:
by.,
F8e482...
Company registration number 06443209 and Charity rcgistration number 1126526.
The notes on pages 18 to 26 forni part of these financial statements.
16

Docuslgn Envelope10.. FE1AA568-6c1A4cF2-8FA￿8AE638A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
{A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
2024
Total funds
2023
Totsl funds
CASH FLOWS FROM OPEIL4TING ACTIVITIES..
Net (expenditurey income for the reporting period
(69,009)
79.669
Adjustments for:
Deprwiation charges
{Increase)IDecrea5e in debtors
(Decr￿¢) in ¢reditors
535
(122,606)
(15,953)
668
8,589
(19,961)
NET CASH PROVIDED BY OPERATING ACTIVITIES
(207,033)
68.965
CASHFLOWS FROM INVESTING ACTIVITIES..
Purchase of fixed assets
CHANGE IN CASH IN THE REPORTING PERIOD
CASH AT THE BEGINNING OF THE REPORTING PERIOD
(207,033)
1,713,985
68,965
1.645,020
CASH AT THE END OF THE REPORTING PERIOD
IA06,952
1,713,985
17

DoDJsign Envelope ID.. FE1AA5884C1A4CF2-BFA6A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUAIi4NTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
General Information
Leicester City Football Club Trust Limiled is a company limited by guarantee. It is ineorporated in England and its
registered ofTice is King Power Stadium, Filbert Way, Leicester, LE2 7FL.
Aceountlng Pollcl¢$
The principal a¢countin8 policies are set out below:
(a)
Basis of preparallon of flnan¢lal stitements
The finan¢i8l statements have been prepared in arwrdance with Accounting and Reporting by
Charities: Statem¢nt of Recommended Practice applicable to charities pr¢paring their financial
statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102) (issued l October 2019)- Charities SORP (FRS 102)), the Financial Reportin8
Standard &pplicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Leicester City Football Club Trust Limited meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction valuc unless
otherwise stated in the relevant accounting policy.
The finartci&l statements are presented in sterlin8 {£).
The following principal accounting policies have been applied:
(b) Golng eoncern
The financial statements have been prepared on a going concern basis as the Trustees believe that no
material uncertainties exist. The Trustees have considered the level of funds held and Ihe expected
level of income and expenditure for 12 months from the date of authorising these financial staiements.
The budgeted income and expenditure is sutTicient with the Icvel of reserves for the charity tr) be able
to continue as A going concern.
(¢)
Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the trustee5 in
furtheranee of the general objeL'tives of the charity and which have not been designated for other
purwjses.
Restricted fund5 are to be used for specific purposes as laid down by the donor. Expenditure which
meets these criteria is charged to the fund, together with a fair allocation of management and support
Costs.
18

Doojsign Envelope ID: FE1AA568-6C1A4CF2-8FA&ABAE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUA114NTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
(d)
Ineome
All monetary donation5 and gifts are recognised once the charity has entitlement to the income, it is
probable that the income will be received. and the amount of incorne receivable can be measured
reliably. Ineome tax recoverable in relation to donations received under Gift Aid or deeds of covenant
is recognised at the time of the donation.
Grants, including grants for the purchase of fixed assets. are recognised in full in the Statement of
Financial Activities in the period in which they are receivable. Where grants are relat￿ to
perfornian¢e these are accounted for as the ¢harity earns the right to its ¢onsid¢ration. Where such
income has been received in advance of the relevant expenditur¢ having been incuryed. the income is
held in the balan¢¢ Sheet as deferred income to b¢ released as the expenditurc is incurred.
Income from soccer schools, coaching and courses is accounted for when earned.
The value of services provided by volunteers has not been included.
(e)
Expendlture
Expenditure is reco8Dised once there is a legal or wnstructive obligation to make payment to a third
party, it 15 probable that settlement will b¢ required and the amount of thc obligation can bc measured
rcliably. Expenditure Includ￿ any VAT not recoverable and i5 reported as part of th¢ expenditure to
which it relate5.
Charitable expenditure comprises those costs Incu￿ed by the charity in the delivery of its activilic5. It
include5 both costs that can be ati&ched directly to such activities and those costs of an indirect nature
neressary to support them.
Governance costs comprise those costs associated with the constitutional and statutory requirements
of the charity.
(D
Penslons
The charitable eompany operates a dcfined contribution pension scheme and the pension chArge
repres¢nts the amounts payable by the company to the fund in respect of the year.
(8)
Fixed gssets
Fixed assets are stated at eost less accumulated depreciation. Depreciation 15 provided at the rate of
20 % on a reducing balance basis.
(h)
Debtors
Debtor5 are recognised at the settlement amount after any discount offered.
Cash at Bank
Cash at bank includes Short tenn highly liquid investments with & short maturity of three Months or
less from the date of acquisition on opening of th¢ deposit or similar account.
(i)
Credltors
Creditors are recognised where the charity has a present obligation r¢sulting from a past event that
will probably result in th¢ transfer of funds lo a third party and the amount due to settle the obligation
can be measured or estimated reliably. Creditors are nornially recognised at their settlement amount
after allowing for any diswunts due.
19

Do(xJsign Envelope 10.. FE1AA568-6C1A4CF2-8FA&A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
(k)
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al Iransiction value and subsequently
measured at their settlement value.
Jlld£em¢nts In applying Aecountlng polleles and key sources of estimatlon uneert*lnty
Certain of the amounts included in the financial statements involve the use of judgement andlor estimation. The
judgements and estimates arc based on the trustees, best knowledge of the relevant fact8 and circumstances and have
regard tg prior experience. but actual results may differ from the amounts included in the financial statements.
Inforniation about such judgements and estimation uncertainty is contained in the a¢¢ounting policics andlor the notes
to the financial statement5 and the key areas are summarised below:
Deferred Income
Th¢ ¢ru5tee5 calculate deferred income bAsed on contractual terms for each individual grant or service agreement and
review those calculations every y¢aT,
irfal ststUS
The Charity is a company limit¢d by guarantec. The membcr5 of the company are the trustecs named on page l. In
the event of the Charity being wound up, the liability in respect of th¢ 8uaranÉee is limited to £ l O per member.
Gr4nts
2024
Unrtstrlc¢ed
Funds
2024
Restrleted
Funds
2024
2023
Tot81 Unrestricted
Funds
Funds
2023
Restricted
Funds
2023
Total
Funds
Premier League Charitable Fund
Other 8fdnls
173,967
500,000
617,052
673,967
617,052
234,500
665,923
401,963
900.423
401,963
173,967
1,117,052
1.291,019
234,500
,067.886
I J02,386
20

Docusign Envelope ID.. FE1AA5884CIA4CF2-8FAe-A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Charltable activitle5-
direct costs
2024
Unrestricted
Funds
2024
Restrieted
Funds
2024
Total
Funds
2023
Unrestricted
Funds
2023
Restrieted
Funds
2023
Totsl
Funds
Staff ¢osts (note 8)
Facility hire
Motor and travel expenses
Equipment/Kit
Sundries
250,498
28,420
6289
19,136
44,816
1,160,898
55,216
47,529
68,887
139,631
1,411J96
83,636
53.918
88,023
184,447
207.234
14,980
4,236
12.484
32,707
,102,373
70.682
40.695
97,227
149.622
1,309,607
85,662
44.931
109,711
182,329
349,259
1.472.161
1021,420
271,641
1,460,599
1,732,240
Charltable aetivitles -
support costs
2024
2024
Restricted
Funds
2024
Total
Funds
2023
Unrestricted
Fund5
2023
Restricted
Funds
2023
Total
Funds.
Unrestrieted
Funds
Post, stationery and
advertising
Telephone
Depreciation
Bank charges
Governance costs:
Auditor's remuneration for
audit services
Other fees
6,976
474
7.450
4,524
2,690
7,214
4327
23
6,936
11,021
512
15,248
S35
6,941
3,450
28
6,393
21.844
640
25,294
668
6,393
IiSS0
11,550
10,500
10.500
11,426
11,426
9,382
9J82
41,138
12,012
53,150
34.277
25,174
59,451
21

Dowslgn Envelope ID.. FE1AA588-6C1A4CF2-8FAeA8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EIYDED 30 JUNE 2024
Staff eoxts
2024
2023
Wages and salaries
Social security costs
Pension costs
1276,686
102,193
32,S17
1,178,669
100.074
30,864
1,41lJ96
1.309.607
One employee received more than £70,001 (2023: one over £80.001).
The average number of ernployees during the year was 47 (2023: 46). The average number of casual staff, employed in
the delivery of the various projects, was 17 (2023.. 14).
No Redundancy payments were made during the year (2023: £5,489).
Key manA£ement personnel
The key management personnel of the charity comprise of th¢ ¢Nstees and the Head of Community who is responsible
for the day to day running of the charity. The total employee benefits (including employer pension contributions and
employer national insurance) received by key management personnel of the rharity amounted to £83,328
(2023.. £93,732).
Payments to trustees
No trustees. who are the key management personnel, or a person with a family or business connection with a tru5t¢e,
received any remuneration during the period, directly or indirectly from the Charity (2023.. £nil).
No expenses were reimbursed to the trustees during the period {2023: £nil).
22

boujsign Envelope ID: FE1AA568-SC1A4CF2-8FA6-A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUAIi4NTEE)
NOTES TO THE FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
10. Tangible Flxed Assets
Motor
VebRclt
Office
Equipment
Equipment
Totsl
Cost
At l July 2023 and 30 June 2024
4,000
1,371
1,496
6,867
Deprttiatlon
At l July 2023
Charge for the period
1,440
512
1,323
io
1,430
13
4,193
535
At 30 June 2024
1.952
1,333
1,443
4,728
Net book vwlue
At 30 June 2024
2,048
38
2,139
At 30 Junc 2023
2,560
48
66
2,674
ii.
Debtors
2024
2023
Trade debtors
Other debtors and prepayments
137,276
45,993
20,088
40,575
183,269
60,663
23

Docu$lgn Envelope ID: FE1AA5884C1A4CF2-8FA&A8AE636A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2024
2023
12.
Cttditors: Amounts falllng due within one year
Trade creditors
Social security and other taxes
Amounts due to Leicester City Football Club Limited
Amounts due to Leicester City Women Football Club Limited
Deferred income
Accruals
40.383
22,619
1.799
I,oso
276,207
25,882
30,611
20,450
12,141
297.489
23,202
367,940
383,893
Deferred Ineomt
Defe￿ed income at l July 2023
Amounts released from previous years
Resources defe￿¢d in the year
297,489
(297,489)
276,207
Deferred income at 30 June 2024
276,207
13. Flnanclal Instruments
2024
2023
Financial assets measured at amortised cost
1690 221
74
Financial liabilities measured at amortised cost
345
363 443
Financial assets measured at amortised c05t include trade and other debtors and cash at bank.
Financial liabilities measured at amortised cost include trade creditors, amounts due to Lei¢ester City
Football Club Limited Leicestsr City Women Football Club. deferred income and accruals.
14. Summary of funds
At
01107123
Income
Expenditure
Trwnsfer
At
(note 16) 30A)6124
Restricted funds:
Analysis per note 15
372,067
1,240.643
{1,484,173)
158,687
287,224
Unr¢5tri¢ted funds..
General funds
1,021J62
564,918
(390J97) (158,687)
1,037.196
1,393,429
1,805,561
(1,874,570)
lJ24,420
24

t￿Cus1g￿ Envelope ID: FE1M568-6C1A4CF2-8FA&A8AE836A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
15.
An21ysls of restrlcted funds
At
01107123
Ineome
ExpeDditurè
Transfer
(note 16)
At
30106124
Premier
League
Charitable
(including matched funding)
Other Funding
Fund
324,541
582,802
(800,337)
148.687
2SS,693
47,526
657,841
(683,836)
10,o(KJ
31,531
372.067
1340.643
(1,484,173)
158ffj87
287.224
Purpose of rna1￿ re5trl¢ted funds
Prernier League Charitsble Fund
Funding for Prirnary Stars, Kicks, Refugee, Our City our
Children, Health, Dare to be Youth Programme, PLPFA
High Schools, RASP. United Leicester, Inspire and PL
Work5, Disability, Project 15.
Other Funding
Funding for NCS. Prevent, Sport England, NHS Charities,
UEFA, Young Carer4 Active Through F(N)tball, Cruyff
Court, VRN, VF Foundation, Dementia and Prison
Twinning.
16. Transfer between funds
During the period £158,687 was transfwed from unrestricted funds to restricfrd fund5. This transfer was match
funding to expand projects..
PL Primary Stars £83,870
PL Inspires £64.817
Prison Twinning £10,000
17. Analysls of net issets between the funds
2024
Unr¢$trl¢ted
Funds
2024
Restrlcted
Fund9
2024
Tot41
Funds
2023
Total
Funds
Fixed asscts
Net current assets
91
1,037,105
2,048
285,176
2,139
lJ22,281
2.674
1,390,755
1,037,196
287.224
1,324,420
1.393.429
25

Do¢u$lgn Envelope ID.. FE1A4568-8C1A4CF2-8FAerA8AE836A4E32
LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
18. Commitments under optratlng leasti
The total future minimum lease paymenls under non-cancellable operating leases are as follows:
2024
2023
Within one year
Within 2-5 ye￿$
1.980
7,920
1.980
1,980
9,900
19.
Related pArty transACtions
During the period Leicester City Football Club Limited collected income of £250 (2023: £16,440) and paid expense5 of
£160,129 (2023: £152.673) on behalf of the Charity. During this period £170,221 (2023: £140,130) was repaid by the
Charity. At 30 June 2024 £1,799 (2023: £12,141) was due Èo Leicester City Football Club Limit¢d by the Charity.
During the period Leicester City Women's Football Club Limited paid expenses of £3.581 (2023.. £127) to the Charity.
At 30 June 2024 £1,050 (2023.. £Nil ) due to Leiccster City Women's Football Club Limited by the Charity.
S V Whelan, a trustee of the Charity, is a director of Leicester City Football Club Limited and Leicester City Women.
Football Club Limited.
During the period the charity received income of £Nil (2023: £19.150) from The National Forest Company for salaries
and expenses relating to the Outdoor Learning Programme. There were no balances outstanding at the year end. A M
Kapur had no involvement with setting this partnership up behveen the two charities.
During the period the charity received ineome of £2,880 (2023.. £Nil) and paid £637 (2023.. £15.450) for delivery,
venue hire and cquipment to Leicester Riders Foundation. At 30 June 2024 £2,880 (2023.. £Nil ) was due from
Leicester Riders Foundation tr> the Charity,
A M Kapur, a trustee of the Charity. is also a trustee of The National Forest Company and a Patron of Leicester Riders
Foundation.
20.
P¢nsion ¢ommitments
The Charity operates a defined contribution scheme through an externally managed pension scheme. The pension cost
charge represent5 contribution5 payable by the Charity to th¢ fund and amounted to £32.517 (2023.. £30,864).
26