OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Carlisle United FC Community Sports Trust

2025-06-30-accounts

Company registration number 06731387 (England and Wales)

Charity registration number 1126600 (England and Wales)

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr S Smith
Ms JA Nicholson
Mr A Gordon
Mr GJ Hastings
Mrs H Brough
Ms A Piatak
Mr N Clibbens
Ms H J Dawson
Key management personnel Mr J Tose
Charity number 1126600
Company number 06731387
Registered office Brunton Park
Warwick Road
CARLISLE
CA1 1LL
Independent examiner Mrs Lindsay Farrer BA(Hons), FCA, FABRP
Saint & Co Chartered Accountants
Sterling House
Wavehill Drive
Rosehill
Carlisle
Cumbria
CA1 2SA
Bankers Virgin Money
82 English Street
Carlisle
Cumbria
CA3 8HP

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 24

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2025

The trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's governing document, 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 102)" (effective 1 January 2019).

Objectives and activities

Our purpose can be summarised as follows:

Our Vision:

Inspire people to participate, develop and achieve their goals through mainly the power of sport.

Our Mission:

To deliver an innovative and attractive range of activities to educate, inspire and improve the health and wellbeing of the people in the local and wider community.

Our Values:

We pride ourselves on understanding community needs and developing programmes / activities to meet those needs.

To ensure that we maintain focus and direct our expertise to best serve the community, we have 3 directorates:

Achievements and performance

Significant activities and achievements against objectives

We continue to have the challenge of developing new programmes whilst seeing some of our existing projects come to an end. The Trustees are proud of the way the whole team have pulled together to meet these challenges and create new and exciting projects reaching all parts of the community.

Our key projects / programmes during 2024 /25 have been:

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Education

The Community Sports College became operational on 4[th] September 2023 and it quickly became apparent that demand for student places exceeded capacity. To meet the demand a lease on an additional classroom was established. The third classroom becoming operational at the start of the 2024/5 academic year.

The Community Sports College provides a fantastic learning environment for our students with the provision being rated the best in the country by the League Football Education (LFE) education programme.

Delivery

Inclusion

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Other significant achievements include:

Our working relationship with the Club continues to develop and strengthen. We are grateful for the support of the Club. The combined efforts of the Trust and Club continue to ensure we bring a positive impact to our communities.

Financial review

During the year, total incoming resources amounted to £764,819 (2024: £694,259) which resulted in a net deficit of (£50,428) (2024: £13,767). As at 30 June 2025, the charity held total reserves of £665,277. Included in unrestricted reserves were brought forward designated funds of £42,122 relating to Community Sports College. The closing balance on this fund is £29,740. The charity’s current level of unrestricted free reserves (total funds less the amount held in restricted funds, unrestricted fixed asset funds and designated funds) is £537,420. Restricted funds at the year-end totalled £16,506. Unrestricted tangible fixed assets of £81,611 are held for use by the charity and can only be realised by the disposal of these assets.

Financial outlook :

In addition to the usual challenges of increasing costs and securing funding, the Club dropped out of the EFL and into the NL. The consequence of this change in status saw the eligibility to some of the previous EFL funding withdrawn or reduced. The trustees have carefully reviewed our plans and budget to ensure the stability of the Trust whist at the same time minimising the impact on our team and projects. The club is aiming to bounce straight back to the EFL in the 25/26 season and if successful this will have a positive impact on our finances. We wish them well!

Given the above, our financial outlook must be considered uncertain and whilst we hope for success on the pitch, we must also consider contingency planning should a return to the EFL prove unsuccessful.

We continue to seek out new projects to enhance our community work and contribute to our costs. Additionally, we are looking to build on the initial success of our Charity Partners and Project Sponsorship schemes.

Reserves Policy

The trustees have reviewed the charitable company's need for reserves in line with the guidance issued by the Charities Commission. The total reserves at 30 June 2025 were £665,277 (2024: £715,705) of which £537,420 (2024: £528,221) was free unrestricted. The trustees' aim is to hold sufficient funds to meet the running costs of the charitable company for a period of 12 months. Running costs for 2025 were £815,247 which was more than the reserves.

We are very conscious that our reserves have dropped and we keep monitoring this. We did spend some of our reserves in the creation of the Newman site a couple of years ago, and increases in our salary costs along with the majority of our inclusion work incurs spend, but does not bring in income has meant we have not been able to put aside further funds into reserves. We have now charity partners and sponsors to help with this work. This next year will see our finances stretched again and dropping out of the EFL (English Football League) has had an impact on our income.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Investment policy

The charitable company has the power to deposit or invest funds in any manner it sees fit after obtaining advice from a financial services expert and having due regard to the sustainability of investments and the need for diversification. The charitable company has invested funds in various bank savings / investment accounts which earn interest.

Risk Management

The trustees have undertaken a review of the major risks to which the charitable company is exposed. After discussion with insurers, a policy has been taken out to cover identified insurable risks.

A review of uninsurable risks has been undertaken and a risk register has been established to ensure due processes and policies are in place to mitigate the various risks. This register is subject to regular review. The main uninsurable risk facing the charitable company is the uncertainty of future income. To lessen the risk, the charity holds sufficient funds within its reserves to cover a short-term fall in income.

Public Benefit

The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has been provided by having aims that fall within the charitable purposes of the advancement of education, health and amateur sport.

The latest figures we have received from the EFL suggest that the total social value added to the community amounts to over £6.8m with key contributions to physical and mental health, social wellbeing and education and employment.

Plans for future periods

Strategic Review

Following extensive consultation between the staff, management and trustees a new strategic plan was launched for the period 2025 – 30. The document is a shared vision of how we plan to move forward and details our journey to achieving a sustainable operating model, working closely with the club, delivering impactful projects and the creation of a community hub.

Our immediate imperatives include:

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Structure, governance and management

The organisation is a charitable company limited by guarantee; incorporated on 23rd October 2008, registered as a charity on 6 November 2008 and commenced its activities on 1st January 2009. The charitable company was established under a memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

Mr James Tose is the CEO and is responsible for the day-to-day management of the charity and this responsibility has been delegated by the trustees.

Carlisle United FC can nominate up to 2 trustees. Nigel Clibbins, CEO of Carlisle United FC and Alice Piatak, a family member of the owners are the Club’s current nominees.

Decisions regarding the management of the charity are taken at trustee meetings which are held every 2 months. From timeto-time sub groups are established to report to the board on specific matters e.g. pay and remuneration.

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:

Mr S Smith

Ms JA Nicholson Mr A Gordon Mr GJ Hastings Mrs H Brough Ms A Piatak Mr N Clibbens Ms H J Dawson

Recruitment and appointment of trustees

Any person can be admitted as a trustee of the charity providing all other trustees give their approval. Under the requirements of the Memorandum and Articles of Association the trustees are required to retire annually by rotation but they will qualify for re - election. The number of trustees shall not be less than 3 but is not subject to any maximum.

Induction and Training of Trustees

To function effectively, the board requires a diverse mix of individuals who are willing to use their experience, skills and knowledge to help the trust achieve its goals and ambitions. Once an expression of interest has been received, we ensure that the perspective trustee is given adequate information about the role of the trustee, the plans of the trust, how the board operates, required time commitments etc. The applicant can then make an informed decision about proceeding. On being appointed as a trustee, a formal induction programme is in place. This includes - Charity Commission guidance on the role and responsibilities of a trustee, code of conduct, the role of the board / scheme of delegation etc. Engagement in further external training and development opportunities is encouraged.

Remuneration policy

Each year the trustees will consider if an independent review of salaries is necessary. Formal consideration of remuneration takes place annually with the implementation of any changes being effective from April. However, remuneration may also be considered on an ad hoc basis should specific issues arise. Remuneration is bench marked against similar organisations using the knowledge of the trustees, HR adviser and the CEO.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Independent Examiner

Mrs Lindsay Farrer BA(Hons), FCA, FABRP has been re- appointed as independent examiner for the ensuring year.

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' report was approved by the Board of Trustees.

Mr S Smith Trustee

Ms JA Nicholson Trustee

29 January 2026

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CARLISLE UNITED FC COMMUNITY SPORTS TRUST

I report to the trustees on my examination of the financial statements of Carlisle United FC Community Sports Trust (the Trust) for the year ended 30 June 2025.

Responsibilities and basis of report

As the trustees of the Trust (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the Trust are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the Trust’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mrs Lindsay Farrer BA(Hons), FCA, FABRP

Saint & Co Chartered Accountants Sterling House Wavehill Drive Rosehill Carlisle CA1 2SA Cumbria 3 February 2026

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
35,577
-
Charitable activities
4
579,605
138,968
Investments
5
10,669
-
Total income
625,851
138,968
Expenditure on:
Charitable activities
6
628,819
186,428
Total expenditure
628,819
186,428
Net income/(expenditure)
(2,968)
(47,460)
Transfers between funds
(7,574)
7,574
Net movement in funds
8
(10,542)
(39,886)
Reconciliation of funds:
Fund balances at 1 July 2024
659,313
56,392
Fund balances at 30 June 2025
648,771
16,506		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
35,577
20,763
-
718,573
492,248
151,310
10,669
29,938
-
764,819
542,949
151,310
815,247
510,646
169,846
815,247
510,646
169,846
(50,428)
32,303
(18,536)
-
(19,588)
19,588
(50,428)
12,715
1,052
715,705
646,598
55,340
665,277
659,313
56,392		 Total
2024
£
20,763
643,558
29,938
694,259
680,492
680,492
13,767
-
13,767
701,938
715,705

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

BALANCE SHEET

AS AT 30 JUNE 2025

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
The funds of the Trust
Restricted income funds
18
Unrestricted funds
19		 2025
£
87,352
138,764
226,116
(58,972)		 £
81,611
416,522
498,133
167,144
665,277
16,506
648,771
665,277		 2024
£
83,066
190,055
273,121
(52,586)		 £
88,970
406,200
495,170
220,535
715,705
56,392
659,313
715,705

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 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 29 January 2026

Mr S Smith Trustee

Ms JA Nicholson Trustee

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

Notes
Cash flows from operating activities
Cash absorbed by operations
23
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Investment income received
Net cash used in investing activities
Net cash generated from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(17,708)
(10,322)
10,669		 2024
£
£
£
(33,930)
(8,882)
(77,779)
(406,200)
29,938
(17,361)
(454,041)
-
-
(51,291)
(462,923)
190,055
652,978
138,764
190,055

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Limited by guarantee

The liability of the members is limited. Every member of the charity undertakes to contribute to the assets of the charity, in the event of the same being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debtors and liabilities of the charity contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributions among themselves, such amount as may be required not exceeding £1.

Charity information

Carlisle United FC Community Sports Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Brunton Park, Warwick Road, CARLISLE, CA1 1LL.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the Trust's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 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.

1.4 Income

Income is recognised when the Trust 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 Trust 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 Trust 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.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Governance costs include the cost of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to the trustees on governance or constitutional matters.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Additions under £200 are not capitalised

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:

Community Sports College 5 years straight line Equipment 20% reducing balance (equipment) and 20% straight line (computers) Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

The depreciation charge for additions in the year is time apportioned based on the month of purchase.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.8 Impairment of fixed assets

At each reporting end date, the Trust 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).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, 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.

1.10 Financial instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party 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 basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

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 financing 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.

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 liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

2 Critical accounting estimates and judgements

In the application of the Trust’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 estimates 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.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 19,403 2,763
Grants 9,616 10,000
Membership fees 6,558 -
Donated goods and services - 8,000
35,577 20,763
Grants
Other 9,616 10,000
9,616 10,000

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

4 Income from charitable activities

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Delivery
After school clubs
57,414
-
Soccer schools
72,497
-
National curriculum
coaching
72,463
-
Breakfast and Lunch club
3,840
-
Birthday Parties
2,081
-
Foxes club
4,734
-
CYA HAF
-
-
ETC
-
22,787
Premier Stars
-
41,581
U10 GDC
3,408
-
Match day activities
333
-
ESFA
1,000
-
Inclusion
Armed Covenant fund
-
-
EFL Smart Energy/ Komatsu
6,859
-
Community Connection
1,000
-
PL CF Core
10,000
-
Heritage fund
-
-
Mental Health Football
-
2,100
Premier League Kicks
-
35,000
PL Fans fund
-
37,500
Silver Foxes
-
-
Walking Football & Netball
2,476
-
EFL core
50,360
-
Warm Spots funding
-
-
Education
Football Development
Scholarship
245,550
-
Bursary income
-
-
Traineeships
-
-
USW receipts
31,550
-
Fundamental Skills
14,040
-
579,605
138,968		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
57,414
61,359
-
72,497
80,354
-
72,463
66,803
-
3,840
4,225
-
2,081
3,270
-
4,734
4,378
-
-
-
6,660
22,787
-
23,304
41,581
-
38,985
3,408
840
-
333
-
-
1,000
2,000
-
-
-
500
6,859
8,894
-
1,000
2,100
-
10,000
10,000
-
-
-
14,930
2,100
11,125
7,551
35,000
-
35,000
37,500
-
12,500
-
3,870
-
2,476
2,808
-
50,360
35,000
-
-
500
-
245,550
169,300
-
-
-
11,880
-
1,889
-
31,550
23,533
-
14,040
-
-
718,573
492,248
151,310		 Total
2024
£
61,359
80,354
66,803
4,225
3,270
4,378
6,660
23,304
38,985
840
-
2,000
500
8,894
2,100
10,000
14,930
18,676
35,000
12,500
3,870
2,808
35,000
500
169,300
11,880
1,889
23,533
-
643,558

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 10,669 29,938

6 Expenditure on charitable activities

Unrestricted
funds
Restricted
funds
2025
2025
£
£
Direct costs
Staff costs
387,552
169,830
Restricted fund direct
expenses
-
14,116
Rent
21,952
-
External teachers/therapists
19,586
-
Catering
2,923
-
Facility hire
17,623
-
Prizes
3,027
-
Match tickets
1,217
-
Kit and equipment
33,911
-
Community Sports College
-
-
Bursary payments
1,980
-
489,771
183,946
Share of support and governance costs (see note 7)
Support
124,163
2,482
Governance
14,885
-
628,819
186,428
Analysis by fund
Unrestricted funds
628,819
-
Restricted funds
-
186,428
628,819
186,428		 Total
Unrestricted
funds
Restricted
funds
2025
2024
2024
£
£
£
557,382
323,094
134,639
14,116
-
33,142
21,952
15,790
-
19,586
7,853
-
2,923
2,614
-
17,623
26,613
-
3,027
2,529
-
1,217
3,951
-
33,911
15,619
-
-
7,848
-
1,980
11,490
-
673,717
417,401
167,781
126,645
82,772
2,065
14,885
10,473
-
815,247
510,646
169,846
628,819
510,646
-
186,428
-
169,846
815,247
510,646
169,846		 Total
2024
£
457,733
33,142
15,790
7,853
2,614
26,613
2,529
3,951
15,619
7,848
11,490
585,182
84,837
10,473
680,492
510,646
169,846
680,492

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

7 Support costs allocated to activities

Unrestricted
funds
2025
£
Depreciation
25,067
Repairs and Maintenance
2,319
Insurance
2,121
Motor Vehicle Expenses
22,344
Travel and Subsistence
12,380
Staff Training
1,571
Telephone
6,727
Sundry Expenses
21,448
Bank & Paypal charges
565
Book-keeping costs
14,905
Other Office costs
17,199
Governance
14,885
141,531
2025
Governance costs comprise:
£
Audit fees
7,075
Accountancy
4,367
Legal and professional
3,443
14,885
8
Net movement in funds
2025
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
7,075
Depreciation of owned tangible fixed assets
25,067
9
Trustees		 Total
2024
£
18,930
2,205
2,364
14,653
9,428
3,552
1,651
3,435
810
14,491
13,317
10,473
95,309
2024
£
6,235
4,160
78
10,473
2024
£
6,235
18,930

The trustees did not receive any remuneration or reimburse expenses during the current year or previous period.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

10 Employees

The average monthly number of employees during the year was :

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
35
2025
£
501,756
32,888
22,738
557,382		 2024
Number
33
2024
£
414,031
25,888
17,814
457,733

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity.

2025 2024
£ £
Aggregate compensation 57,663 53,218

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

12 Tangible fixed assets

Community
Sports College
Equipment Motor vehicles
£
£
£
Cost
At 1 July 2024
50,142
76,389
25,770
Additions
13,021
4,687
-
At 30 June 2025
63,163
81,076
25,770
Depreciation and impairment
At 1 July 2024
10,030
40,831
12,470
Depreciation charged in the year
12,382
9,359
3,326
At 30 June 2025
22,412
50,190
15,796
Carrying amount
At 30 June 2025
40,751
30,886
9,974
At 30 June 2024
40,112
35,558
13,300		 Total
£
152,301
17,708
170,009
63,331
25,067
88,398
81,611
88,970

13 Fixed asset investments

Cost or valuation
At 1 July 2024
Additions
At 30 June 2025
Carrying amount
At 30 June 2025
At 30 June 2024
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 Unlisted
investments
£
406,200
10,322
416,522
416,522
406,200
2025
2024
£
£
4,471
24,339
82,881
58,727
87,352
83,066		 Unlisted
investments
£
406,200
10,322
416,522
416,522
406,200
2025
2024
£
£
4,471
24,339
82,881
58,727
87,352
83,066
416,522
416,522
406,200
2024
£
24,339
58,727
83,066

14 Debtors

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

15 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
16
Trade creditors
Other creditors
Accruals
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 July 2024
Released from previous periods
Resources deferred in the year
Deferred income at 30 June 2025		 2025
£
10,812
34,326
765
2,020
11,049
58,972
2025
£
34,326
2025
£
34,326
6,733
(6,733)
34,326
34,326		 2024
£
8,128
6,733
23,641
1,676
12,408
52,586
2024
£
6,733
2024
£
6,733
5,833
(5,833)
6,733
6,733

16 Deferred income

Deferred income includes £5,833 relating to Primary Stars, £7,042 relating to Charity partner income, £9,000 relating to Veterans income, £12,450 relating to Soccer schools . 2024 included £6,733 relating to Primary Stars.

17 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 22,738 17,814

The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Trust in an independently administered fund.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

18 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.

At 1 July 2024 Incoming Resources Transfers At 30 June 2025 Transfers At 30 June 2025
resources expended
£ £ £ £ £
Premier League Stars 1,303 41,581 (46,899) 4,015 -
Football for All - - (12,202) 12,202 -
Fit Fans 17,275 - (4,854) - 12,421
Premier League Future Fans 11,325 - - (11,325) -
Premier League Kicks - 35,000 (41,502) 6,502 -
Cumbria Youth Alliance HAF 3,837 - - (3,837) -
Combined Forces (Army) - - (2,965) 2,965 -
Premier League Fans Fund 5,890 37,500 (39,304) - 4,086
Mental Health Football - 2,100 (4,308) 2,207 -
ETC - 22,787 (26,409) 3,623 -
Heritage Fund 4,883 - (7,985) 3,102 -
Bursary Income 11,880 - - (11,880) -
56,392 138,968 (186,428) 7,574 16,506
Previous year: At 1 July 2023 Incoming Resources Transfers At 30 June 2024
resources expended
£ £ £ £ £
Premier League Stars 3,587 38,985 (41,270) - 1,303
Football for All 391 - (8,194) 7,803 -
Fit Fans 23,405 - (6,130) - 17,275
Premier League Future Fans 11,325 - - - 11,325
Premier League Kicks 1,005 35,000 (40,073) 4,068 -
Cumbria Youth Alliance HAF 4,207 6,660 (7,030) - 3,837
CST Underpass Project - - (8) 8 -
Combined Forces (Army) 8,743 500 (13,840) 4,597 -
Premier League Fans Fund 2,677 12,500 (9,287) - 5,890
Mental Health Football - 7,551 (10,235) 2,684 -
ETC - 23,304 (23,732) 428 -
Heritage Fund - 14,930 (10,047) - 4,883
Bursary income - 11,880 - - 11,880
55,340 151,310 169,846 19,588 56,392

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

18 Restricted funds

(Continued)

Carlisle United Football Club Community Sports Trust have received funding for the following projects:

The Premier League provide funding through:

Carlisle United Football Club Community Sports Trust thank all our funding providers for support and help given to us to allow these valuable community projects to be hosted.

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024 Incoming Resources Transfers At 30 June 2025 Transfers At 30 June 2025
resources expended
£ £ £ £ £
Community Sports College 42,122 - (12,382) - 29,740
General funds 617,191 625,851 (616,437) (7,574) 619,031
659,313 625,851 (628,819) (7,574) 648,771
Previous year: At 1 July 2023 Incoming Resources Transfers At 30 June 2024
resources expended
£ £ £ £ £
Community Sports College 60,000 - (17,878) - 42,122
General funds 586,598 542,949 (492,768) (19,588) 617,191
646,598 542,949 (510,646) (19,588) 659,313

The revenue expenditure related to set up costs in 2024 and depreciation on capital expenditure for the Community Sports College.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

20 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 30 June 2025:
Tangible assets
81,611
-
Investments
416,522
-
Current assets/(liabilities)
150,638
16,506
648,771
16,506
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 30 June 2024:
Tangible assets
88,970
-
Investments
406,200
-
Current assets/(liabilities)
164,143
56,392
659,313
56,392		 Total
2025
£
81,611
416,522
167,144
665,277
Total
2024
£
88,970
406,200
220,535
715,705

21 Operating lease commitments

Lessee

At the reporting end date the Trust had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
22,053
3,072
25,125		 2024
£
21,285
21,285
42,570

22 Related party transactions

During the year, the charity purchased HR support from Kaveney HR Solutions totalling £1,305 (2024: £2,228). Helen Dawson, trustee of Carlisle United FC Community Sports Trust, is also a director of Kaveney HR Solutions.

The charity purchased kits, matchday tickets and motor insurance from Carlisle United Football Club totalling £36,463 (2024: £18,403). The trust also received £14,930 (2024: £14,930) for a heritage fund as well as £7,748 (2024: nil) received from various donations. Alice Piatak and Nigel Clibbens, trustees of Carlisle United FC Community Sports Trust, are also directors of Carlisle United Football Club.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

23 Cash generated from operations 2025 2024
£ £
(Deficit)/surpus for the year (50,428) 13,767
Adjustments for:
Investment income recognised in statement of financial activities (10,669) (29,938)
Donated fixed assets - (8,000)
Depreciation and impairment of tangible fixed assets 25,067 18,930
Movements in working capital:
(Increase) in debtors (4,286) (35,031)
(Decrease)/increase in creditors (21,207) 30,490
Increase in deferred income 27,593 900
Cash absorbed by operations (33,930) (8,882)

24 Analysis of changes in net funds

The Trust had no material debt during the year.