SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Walesl
REGISTERED CHARITY NUMBER: 1126933
REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 AUGUST 2025
FOR
SWANSEA CITY AFC FOUNDATION
IA COMPANY LIMITED BY GUARANTEEI
IPREVIOUSLY SWANSEA CITY AFC COMMUNITY TRUSTI
fysEA cif4
FOUNDATION
MHA
Chartered Accounlanls and Slalulory Auditor
MHA House
Charler Court
Swansea Enterprise Park
Swansea
SA7 9FS

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 (England an(1 Wales)
REGISTERED CHARITY NUMBER: 1126933
CONTENTS OF THE FINANCIAL STATEMENTS
Reference and Administrative Details
Chairman's Report
Report ol the Trustees
Slalemenl of Trustees. Responsibilities
Report of the Independent Auditors
Sialement of Financial Activities
Balance Sheet
13
14
18
19
Cash Flow Slalemenl
20
Notes lo the Financial Slalemenls
21

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER-. 06714819 (England and Wales
REGISTERED CHARITY NUMBER: 1126933
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
C Harris
D R Jones
S J McDonald
A J Rhodes
c staples
R L Morgans Storer
L C Trundle
P Meller lappointed 3 October 2a251
Secretary
D R Jones
Registered land principal} office
swansea.com Stadium
Landore
Swansea
SA12FA
Registered company number
06714819 (England and Wales)
Registered charity number
1126933
Independent Auditors
MHA
Chartered Accountants and Slalulory Auditor
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS
Bankers
Barclays Bank PIC
262 Oxford Slreel
Swansea
SA1 3BR

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER.. 1126933
CHAIRMAN'S REPORT
It is my pleasure to present this year's Chairman's Report for the Swansea City AFC Foltndation. l am
pleased to report the Foundation has continued to grow and expand during the past year, with income
rising hy a further almost £73,DOO. Our charitable activities s(Iw a thousand more people eiigaging with
the Foundation when compared to the previous year, but attendance5 overall increased by around
15,000 during the past year
The Foundation does not exist for its own sake, it is here tD help as many people in our communities a5
possible, with football, sport Eenerally and the power of the Swansea City AFC badge often being
something that allows or encourages people to engage where perhaps they would not have done so
before.
Our Premier League Primary Stars work saw some 2, 325 participants engage across over 1,700 sessions,
with 640
/0 of participants reporting improved physical wellbeing. Our Premier League Inspired programme
worked witli 227 pupils across 13 secondary schools in our communities, with 90Yo reporting improved
wellbeing and 65Yo reporting more positive behaviours. The Premier League l<icks programme worl<ed
with some 2,700 participants over 1,024 sessions with 82Yo reporting improved interpersonal
relationships.
As always, our school holiday Soccer Camps have been exceptionally well-attended with almost 2,000
participants having access to artivity during the school holidays, across 70 session5.
This worl< is core to the Foundation and demonstrates not only the scale and breadth of the work our
people do every day, but the positive impact it ha5. The Foundation ha5 continued to broaden its reach,
and inclusion with new and continuing programme5 for Eir15 in football and a widening reach for people
with disabilities.
There are so m3ny different and important programmes and inltiatives the Foundation is engaged with
and many are detailed in this report, which ran8e from things that would be expected of the Foundation,
such as our Premier Lezgue programmes, but extending to efforts to combat loneliness, health and
wellbeing programmes like Fit Jacks and so much more.
All of thi5 15 made possible by the talented and (fedicate teams of people who work at the Foundation and
make the good intentions of the Foundation a reality fur thousand5 of people across south and west
Wales.
A Rhodes
CHAIR. SWANSEA CITY AFC FOUNDATION

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER: 1126933
REPORT OF THE TRUSTEES
The Iruslees, who are also directors of the charity for the puiposes ol the Companies Act 2006, present their
ieport with the financial statements of the charity lor the year ended 31 August 2024. The Iruslees have
adoptèd the provisions of Accounting and Reporting by Charities.. Slaletnenl of Recommended Pra¢lice
applicable to charities preparing thèir accoLJnls in accordance with the Financial Reporting Standard
applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191.
OBJECTIVES AND ACTIVITIES
Objectlves and aims
The Foundation's objects as sel out in the Memorandum of Association are for thè benefit of the public
gener8lly and the inhabilanls ol South Wales and ils surrounding are2S".
To promole community participation in healthy recreation by providing facilities for the playing of
association football and other sports capable of improving health {"lacililies" meaning land, buildings,
equipment, and organising Sporting aclivitiesl,
To provide and assist in providing facililies for sport. reciealion or other leisure lime occupation of
such persons who have need for such facilities by reason of their youth, age, inlirmily or disablement,
poverty or social and economi¢ eircumslances or for the public at large in the inlèresls of social
welfare and with Ihe object of improving their Conditions of life.
To advance the education ol children and young people through such means as the trustees think
lit in accordance with the law of charity, and
For the gener31 purposes of such charitable bodies or for such other exclusively charitable purposes
in each case as the Iruslees may from lime lo lime decide.
The Foundation carries out these objectives by providing a wide range of activities and promoting the
community ethos of Swan8ea City AFC in accordance with the Premier League Charitable Fund's
programmes, for community cohesion, education, health and sports parlicipalion.
Significant actlvities
The Found2tion's Core aclivilies include after school clubs, holiday and half-lerm courses and summer school
camps 11 provides opportunities for student volunteers lo gain coaching experience acrogs the programmes
that are delivered, which ale summarised below.
Premler Lea
ue Prima
Stars
Premier League Prirrary Stars uses the appeal of professional foolball clubs lo inspire children to learn, be
active and develop important life skills through the power of sport. The programme aims lo develop the whole
child by looking lo improve their physical literacy, classroom engagement and develop a healthier and more
positive lileslyle. Delivering both classroom and practical physical education sessions the project engaged
with 52 schools, working on a regular basis with 34 partnei schools. The project also supports teachers by
working alongside them during the practical delivèry lo improve theiT confidence and competence in
delivering high quality PE.
Over the course of the sea50n, the project engaged with 2,325 pailicipallls, with over 45,000 allend8nces
across 1,737 sessions, suppoiling 57 teachers The project achieved some notable outcomes with 640/0 of
participants reporting lo have improved their physical wellbeing. Some of the highlights of the year included
delivering the creative minds programme in partnership with the EFL and the PFA. where pupils from Ysgol
Bro Tawe designed special l-shirls to raise awareness around childrèn's mental health. The programme
also provided local schools with kit and equipment providing 13 full oullield kits and one goalkeeper sel
plus optional hijabs.
In addition lo the above, we also delivered 343 PPA sessions, wilh 575 pupils attending.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 IEngland and Wales)
REGISTERED CHARITY NUMBER: 1126933
Premier Lea
ue Ins
ires
Premier League Inspires is the Foundation's main project lor secondary school age children across the
region. Our aim is lo use the power of Swansea City AFC as 2 positive force lo inspire young people lo
develop the peisonal skills and posllive alliludes to SLJcceed in life. Delivered in school and al the
swanse8.com Stadium, the health and wellbeing course inspires and encourages young people to develop
a healthy lifestyle and relationships that brings lifelong benefits. To maximise the impact the project works
with small cohorts of pupils Nvho have been specifically identified by the school as having certain risk factors.
Over the course of the season the project worked with 227 PLJpils from 13 different schools across Swansea,
Nealh Port Talbol and Carmarlhenshire. The project delivered a considèiable impact in improving the mental
wellbeing of those involved with QOD
ol pupils reporting improved wellbeing. 650/D of pupils 21s0
demonslraled more positive behaviours as a result of the project. Highlights of the season included taking
a group of young participants lo the Fairwood training complex lo gain an understanding of diffeTenl career
pathways Into football.
Premier Lea
ue Kicks
Swansea City AFC Foundation's Kicks itTrilialive is a national programme that uses the power of football and
sport to regularly engage children and young people of all backgrounds and abilities in football. sport and
personal developtmenl, providing a trusted, positive influence in high-need arèas across Wales. The project
delivers free weekly sessions, giving young pèople between the ages of 8-18 across South Wesl Wales the
opporlunilies lo play, coach and officiate in foDlball and a range of spoils. Although the immedi8le emphasis
of the programme is loolball, Foundation coaches work in partnership lo support the younger generation with
societal challenges and improvè Community safely.
During the 24125 season we engaged with over 2,700 parlicipanls gcros8 all our sessions. We delivered
1024 sessions across 13 different locations, including Police and Crime Commissioner fundèd siles in
Aberystwylh, Newlown, Pembroke, Carmarthen Seaside (Llanellil. One of the highlights of the season
was when the Foundation teamed up with South Wales Police, SlreelDoclors and the Dyfed-Powys Police
and Crime Commissioner for Knife Crime Awareness Week to oducale parlicipanls of Premier League Kicks
on these issues. The Foundation delivered a 'Nol the One, workshop to participants al the swansea.com
Stadium. The campaign, led by South Wales Police, aims lo persuade 1110 16-year-olds away from carrying
knives and lo help them fully grasp thè dangers they pose.
Several parents of young people involved in
the project also provided positive feedback with 830/0 ol pailicipanls feeling inspires and engage¢J and 82D/o
of parlicipanls reporting improved interpersonal relationships.
Tar
eted Interventions
Elected Home Education Pro
ecl
Throughout the season the Foundation hosted several sessions for individuals who have elected lo be home
educated. Through funding from the We51 Glamorgan Regional Parlneiship Funcl, the Foundation delivered
a lange of aclivilies, including health and wellbeing sessions, rèlationship tasks and foolb211 sessions for
young people, aged between 11 and 14. The sessions concluded with a trip lo the home of the Swans,
where parlicipanls were Irealed lo a lull stadium lour and workshops delivered by FoLJndalion staff. The
project aimed lo increase the confidence, self-e51eem and communication skills of young pèople who are
elected hotne educated and provides an oppoilunily lor thèm lo make new connections and meet new
friends.
Inclusion
One of the core aims Df the Foundation is lo promote inclusivity. We have several projects that look lo offer
opporlunilies for underrepresented 9roups from across Swansea and South Wesl Wales lo lake parl in sport.
Girls
Our girls football session5 aim lo encourage young females lo participate in football Ihrough fun sessions
which are open lo all 8bililies. The sessions are providèd L)y experienced and qualified coaches in a
welcoming and supportive enviionm&nl in a bid lo help VOLJng players discover a passion lor the beautiful
game and eventually become confident enough lo join local club teams. One of the highlights ol the season
was when wè learned up with Joma lo celebrate Inleinalional iwomen's Day through a mother and daughter

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 IEngland and Wales)
REGISTERED CHARITY NUMBER: 1126933
event cantered around football aclivilies. ljve welcomed mothers and their daughters lo the Joma High
Performance Centre for an hour of football activities, followed by a lour and a question and answer session
at the swansea.com Sladium. ParliGipanls were kindly gifted new training kil from Joma to recognise the
importance of feeling comfortable when taking parl in sport, and lo help everyone feel a sensè of belonging
lo the day.
Pan disabilit
Disability Football session5 aim lo increase sports participation lor all_ Overall, il cover5 a wide range of
disabilities with the simple aim of gelling morè people involved in sport. Currently, people with disabilities are
hall as likely to take parl in sport Compared lo non-disabled paylicipanls. The programme aims lo break down
sorne of these barriers lo participation and encourage more disabled people to get involved. During the
season we delivered several sessions lo 46 parliGipanls. One ol the highlights of the year was when nine
players from the club's academy joined thè session, inleracling with the young parlicipanls and taking part
in a Q&A session. The players were in allendance lo mark International Day ol People with Disabilities.
Fans Fuiid
Premier League Fans Fund aims to support football clubs al all levels of the game lo strengthen connections
betsveen Inem, their lans, and local communities The fund supports a range of fan-foGused and fan-led
projects, helping lo fosler a sense of belonging through meaningful engagement. This includes schemes lor
nder-represenled group5, to lurlher develop an inclusive and welGoming malchday experience lor
everyoiie. Over the period the project worked with 432 parlieipanls. delivering 44 sessions. One of the
inilialives included the Foundation delivering free foolball sessions al the Vetch Field over the Coufse of a
six-week block, to help support membèrs of the Chinese in Wales Association community and give young
peoplè the opportunity lo experience loolball within a familiar environment. The project also developed Ihe
'Give a Jack a Jacket, campaign where Supported were asked lo donate old coals and jackets lo support
those in need during winter. 250 items of warm clothing WEre donated from generous supporters, which
were provided to 10 charities across Swansea and the wider legion.
Soccer Cam
Swanse2 City AFC Foundation Soccer Camps lake place during school half-lerms and holiday periods al
venues acioss South Wesl Wales. OUT camp8 provide the perfect environment for Junior Jacks lo develop
and hone their skills. Children attending enjoy fun technical aclivilies, small-sided games, c0mpeliliDns and
prizes - all delivered by our FAW qualified coaches in a safe and friendly environment Over the season we
engaged with 1,979 pailiGipanls across 70 sessions. We 8180 developed partnerships with local grassroots
teams to deliver individu21 soccer camps for their players, As parl of the agreement the Foundation gifted
more than £4,670 back lo the Community clubs lo support their devolopment moving forward.
The Found21ion once again partnered with Kellogg's and th& English Football League IEFLI to provide free
Kellog9's Football Camps lo young people across soulh-wesl Wales. The nationwidè schemtr provides
parents and guardians with the opportunity lo claim a free space al a Kellogg's Football Camp, giving more
children the chance ID enjoy a IoDlball-filled summer. The Foundation delivered 35 KellDgg's Football Camps
throughout the sumtner holidays which saw 748 people allend with over 1,300 allendances recoided

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER: 1126933
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Monitoring Df achievemènt is an ongoing process connected lo each project and we have systems in place
lo capture and safeguard the data. The figures below outline the achievements of the Foundation for the
year ended 31 August 2024..
2025
2024
Number of parlicipanls engaged
Sessions delivered
Total allendance
MalelFemale Split
Parlicipanls with disability
Elhnically diverse participants
14,728
4,490
112,816
65135
7.8Q/o
12.4/.
13,665
4,417
98.194
65135
12.9Q/o
Health & Wellbeing
Community Fit Jacks (Swansea Councll SPF
We continued lo deliver the Fil Jacks in Ilie Community programme as parl of our Swansea Council
Shared Prosperity Fund grant between September 2024 and August 2025.
Community Fil Jacks is a health and wellbeing programme clesigned lo support individuals lo Improve their
physical health, mental wellbeing, and lifestyle habits. The progiamme provides slrLJclured physical activity
sessions alongside education on hè211hy eating, weight management, and positive behaviour change, all
delivered in a supportive and inclusive environment.
The prograinme was delivered across Swansea in multiple community vènues, allowing us lo scale up
provision and reach individLJals who may not olhemiisè have accessed our services By taking delivery
directly into local communities, we were able lo engage a broader and more diverse range ol parlicipanls.
Programme oulcomes.-
128 parlicipanls engaged
12 communily-based groups delivered
289kg lolal weight Ioss 8chieved
Healthy workplace (Swansea Council SPFAS part of our Community Fil Jacks delivery, we delivered
bespoke healthy viorkplace programmes lo local businesses across Swansea. Conlenl was tailored lo the
individual organisalions need, with face to face and online sessions offerèd depending on the
organisalion's preference.
8 organisalions
191 parlicipanls
52 million steps
26,471 miles covered
Health awareness events ISwan5ea Council SPF)
We hosted a health awareness event in October 2024 where 20 health organisalions had information
stands for members ol the public lo find out more around what goes on locally fiom a health perspective.
Around 70 mèmbers of the public allended.
We also allended monthly awareness events hosted by Swansea Council where we were able lo promote
the work we do in the community lo the general public as well as having the opportunity lo nebfvork with
other organisalions,
Bespoke Health & Wellbeing programmes (Swansea Council SPF)
In March and August 2025, we delivered two bespoke health and wellbeing programmes lo local disability
organisalions in Swansea.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 IEngland and Wales)
REGISTERED CHARITY NUMBER: 1126933
In March, we partnered with Your Voice Advocacy (YVA}, an organisalion providing independenl
advocacy lor people with disabilities across Nealh Port Talbol and Swansea, South Wales. We co-
produced a six-week intervention with YVA to ensurè the programmè was inclusive. engaging, and tailored
lo participants, needs. The programme supported 12 individuals through adapted, inclusive circuit sessions
delivered weekly over six weeks. To measurè impact, we developed accessible easy read" lifestyle
questionnaires, enabling us lo clearly demonstrate positive outcomes for parlicipanls.
In August, we delivered a similar six-week intervention in partnership with the Swansea Cily Digabled
Supporters Association, building on the success and learning from the YVA progr3mme. This programme
was delivered 31 the swansea.com Stadium and further refined our inclusive delivery model.
Following the completion of both prograrnmes. we developed an inclusive maintenance session lo provide
ongoing Support for parlicipanls who had completed the initial six-week course.
Fit Jack5 Neath Port Talbot
We received funds lo expand Fil Jacks into the Nealh & Poll Talbol areas where we worf<ed with local GP
surgeries lo promote and signpost members of Ihe community to the sessions which ran out of Celti¢
Leisure venu2s.
32 people completed the Course
36 sessions delivered
111 kg total weight loss
Walking Football
We have delivered multiple walking loolball sessions during Ihis period with multiple funders allocating
fund5 for us to provide fun and sale walking loolball sessions across Swansea lo members of the public,
We combined Ioc81 need with what we thought would work and delivered the following sessions..
Women's walklng footb311
We Irialled a women's only walking football session which was well allended. We didn't have specific funds
lor this programme. so parlicipanls made it self-suslaining, with the sessions still taking place now. We
wort(ed in partnership wilh the Welsh Football Assoclalion who also funded some of the sessions. We
continue lo signpost service useis lo the ses5i0ns.
18+ walking football
V¥Je initially Irialled for 2 months an open access session al Penlan Leisure Centre lo ty and enable
everyone lo lake parl in the sessions.
55+ walking Football (Swansea Council SPF)
Following on from the 18+ Irial. it became apparent that the need was lor a 55+ session. Due lo laGk of
fund5ng for the provision, we moved venue lo CÈfn Hengoed Leisure Centre wherè all our session5 now
t3ke place.
Fit Jacks Walklng Football (Swansea Council SPF)
We continue to run our wèekly Fil Jacks walking football maintenance session. Solely for graduates lor the
Fil Jacks programme, on average 15 participants attend the sessions which provide service users with
access lo exercise sessions after the 12-week course finishes.
Parkinsons walking football
We received a small grant from Paikinson's UK lo deliver a three-monlh walking football programme for
individuals living with Parkinson's disease. The initial pilot enabled us lo assess local dèmand and Interest,
while also developing new relationships with Parkinson's specialist physiotherapists in the area.
The sessions allracled an average ol 12 pailicipanls each week.
Following the success of the pilot, we secured additional ILindin9 lo continue delivery ol the programme.
We are now looking lo fuilher strengthen our partnership with the local health board and establisli clear
referral pathways lo enable more people to access the service.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 {England and Wales)
REGISTERED CHARITY NUMBER: 1126933
Jack To A Chef
Jack to a Chef is a live-week nutrition and cooking programme designed lo help children learn about
healthy eating and then pul that learning into practice through hands-on cooking
We have delivered this programme across Iwo geographical areas in Swansea Icily and Llwchwr clusters).
The PTogramme has enabled us lo work with both primgry and secondary school pupils, providing them
with access lo healthy food options and nulrilional advice lo support informed, heallhiei lileslyle choices.
5 schools engaged13 prirnary and 2 secondary)
150 children supported
5 school assemblies delivered
Cwtch Coffee morning
Swans Foundation Cwlch Coffee Mornings are weekly community social drop-in 8essions hosted al the
swansea.com sladium. 11 aims lo bring people together in a relaxed, welcoming enviionmenl lo help tackle
loneliness and SUPPDrl mental wellbeing.
We average 25 parlicipanls weekly.
Warm spaces sesslons (Swansea Council's winter wellbeing grant
Between January- March 2025, we hosted 'warm space sessions, as parl of the Swansea coun¢il's winter
wellbeing grant. We delivered 12 sessions where we provided service users with a safe space and acces5
lo soup and a roll.
Twinniny Project
We delivered two cohorts Df the Twinning Projecl in HMP Swansea, using football coaching and leadership
modules lo help inmates develop confidence, behaviour, qualification5, and fulure prospects. The project
aim was lo use football 8nd education to support people in prison towards rehabililalion and beller life
outcomes after ielease.
We worked with a lolal of 28 prisoners who all completed the course.
FINANCIAL REVIEW
Results for the period
The Foundation reported an overall operational deficit of1£8,137112024'. £96,719).
Income levels increased by £72,882 building on the increase of £257,264 in 2024.
As 8 result, expenditure levels also increased lo deliver greater levels of aclivily. Staff costs relating lo
coaching increased by £90, 125 and payments under the Adult Carers scheme increased by £63.351 year
on yeaT. Other costs showed a good lèvel of control.
Cash generatlon
The dèficit should be seen in the context of being a not for profil enlily and in light of the significant surplus
in the previous year. Oeblors al the year end were £88,789 a significant reduction from the 31 August 2024
position of £220,573.
The accounts also reveal a decreas& in Deferred Income al £64.669 a reduction from £103,563 in 2024.The
Foundation also benefited from over £12,000 in eained interest with £560,000 invested at the year end
Financial position
Cash funds, together with short term cash inve81menls, held by the Foundation reached over £900,000, with
£533,000 held as unreslricled funds. As explainecl in more detail in the reserves nDle, the level of unreslricled
funds has been compared with the reserves policy and the Iiuslees consider that the period end financial
situation of the Foundation lo be salisfaclory.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER: 1126933
Princlpal funding sources
The Charity's principal funding sources are the Premier League, the English Football League, schools in thè
aTea and a range of local partners including The Shared Prosperily Fund I Swansea Council, Wesl
Glamorgan Regional Partnership IWGRPI and Welsh Govèrnment.
We additionally received funding from WGRP lo distribute lo support unpaid Carers lo enable applicants lo
re￿1ve a short break. We would like to acknowledge the support provided by these organisalions
Reserves
The trustees have identified the risks lo the Foundation's income slreams, which could lead lo insolvency.
They consider that lo miligale such events, a suitable Reserve Fund should be established and maintained.
The Iruslees recognise Ihal they have a leg31, regulatory and moral obligation lo establish a reserves policy,
and a right under the conslilulion lo do so.
The reserves policy is determined by an analysis of likely future needs, opportynilies, contingencies or risks
and the assessment of Ihe likelihood of the charity not being able to meet the financial consequence5 of
those events. This policy will be reviewed on an on-going basis wilh the involvement of staff lo ensure il is
lai1ored lo the needs of the Foundation and its activities.
A c3sh reserve is maintained by adjusting the level of income relative to expenditure as lar as is ￿asOnablY
possible. Management is also exercised over the levels of discretionary expenditure as appropriate.
Additional income streams are sought as and when necessary.
The Iruslees consider il prudent lo review their underlying documents and financial forecasts lo re-calculatè
the reserve figure on an 8nnual basis, or more frequently il circumstances change significantly. The Iruslees
are informed by managemenl accounts, reporting recent performanee and forecasting future levels ol income
and expenditure, and annual audited accounts.
It is recommended Ihal".
Reserves should be subject lo an annual review.,
Reserves should not be over-provided for..
Reserves should be used for the purpose for which they are provicled., and
Designated reserves should be created lo ring fence unreslricled funds lor specific purposes.
This poli¢y will be reviewed annually.
Total reserves at 31 August 2025 were £912,23112024'. £920,368), this is split as follows..
Reslricled funds
£379.17112024. £272,266)
Designated unreslricled funds £332,67512024'. £327,033)
Unreslrioled funds
£200.38412024'. £321,069)

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER: 1126933
Reserves, continued
Designated funds represent monies ring fenced lor the Swans Aid grants of £87,675 and a contingency funcl
of £245,000. The contingency fund is held lo cover unforeseen loss of grant incorne, rèdundancy costs, lo
guard against lulure operating cost increases and lo cover future capital expenditure requirements for the
replacement of equipment.
Closed Projects
Wttere surplus funds Ternain on reslricled reserves on closed projects, the following steps are considered.,
Stèp 1 Consideration is given lo transferring the fund lo a similar fund.
Slep 2 injhere a specific budget carry-lorward has been agreed with fundèrs and there is an additional
historical surplus on that reserve, then any surplus over and above the agreed c2rry-forward may be
transferred lo the unrèslricled reserve or the Swans Aicl Reserve. The primary funder rnay also agree lo a
transfer of this nalLJre for continuing projects.
Slep 3 -11 no similar fund can identified from Slep l above, then that surplus may be transferred lo the
unrestricted fund or the Swans Aid Reserve,
Going concem
The Iruslees consider that il is appropriate lo prepare the accounts on a going concern basis. The business
plan for the next iwo years is formulated in the light of ongoing grants and income generation. They have
reviewed any financial uncerlainlies regaiding the charity's financial suslainabilily and consideration of going
eoncein and the steps being taken lo addiess these uncerlainlies with the continued suppoil of the English
Football League and Premier League.
Future plans
The core activities and the Foundation's involvement with the Education and Youth Engagpmenl projects
are funded by the Premier League and the English Football League. They will also explore ways ol ensuring
that, despite the expansion of services: Provision is made to relain the highest qualily, as would be expected
of any organisalion associated with the Pfemi&r Leaguè 2nd the English Football League.
Future capital projects are formulated in conjunction with the Football Foundation and other local partners.
We continue lo work with key stakeholders- the Welsh Government, Swansea Council, the English Football
League, the Premitrr League, and other funders.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 IEngland and Wales)
REGISTERED CHARITY NUMBER: 1126933
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by ils governing document, a deed ol trust, and conslilules a limited company,
limited by guarantee, as defined by the Companies Act 2006.
Swansea City AFC Foundation was incorporated on 3 OclobeT 2008 in Wales and registered as a charity on
25 November 2008. The company was established under a Memorandum of As50cI?lion which established
the objects and powers of the charitable company and is governed under ils Articles of Association. In the
event ol the company being wound up members are required lo contribute an amount not exceeding £10
The name of the charitable company was changed from Swansea City AFC Community Trust on 11 August
2021.
Recruitment and appointment of new trustees
Nèw trustees are appointed upon the recommendation of existing Iruslees. One third of the trustees musl
retire al each annual general meeting and offei Ihemselves for re-election.
Induction and trainlng of new trustees
Tiaining is provided following appointment and is in the fofm of a welcomè pack" along with briefing by the
Chairman and members ol the Senior Management Team. Formal training is reviewed on an annual basis
for all trustees.
Organisational strueture
Day lo day responsibi5ily for the provision of service iesls with the Head of Community as supported by a
team of coaches and support staff.
Decision making
The Iruslees have a policy on delegated decision making whiGh is reviewed regularly.
In accordance with the Board's role as the ultimate decision-making body within the oharity, the charity has
a wrillen schedule of matters reseNed lo the Board, or decisions that are lo be taken only by the Board and
which may not be delegated lo any individual, group, committee or the Sènior Management Team.
The mallers reserved to the Board include as a minimum.,
Selling the charity's vision. mission 2nd values.,
Development of the strategy and approval of the business plan.,
Approval of the financial plan and annual budget, finance and funding.,
Ultimate responsibilily for the oversight of risk managemEnl',
Review, approval 2nd adoption of policies and procedures (save Whe￿ specifically delegated in
writing to a particular person, p05ilion, working group. committee or the management leaml.,
Perloimance management {KPlsl', and
Legislative compliance.
bl
dl
gl
The Board will meet lo receive information on and lo discuss the following..
Decisions to be referred lo board..
All decisions requiring expenditure above a predetermined level.
Decisions that involve the signing of Contracts valued at above a predetermined level.
Strategic decisions abo￿1 the direction of tisvel for the charity.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 (England and Wales)
REGISTERED CHARITY NUMBER.. 1126933
Policy changes, including.. HR, finance and governanee.
The charity has an agreed mechanism recorded in writing by which the Board land working gioups and
commilleesl may make decisions o￿ls4(le of meeliTrgs. Timeframes lor decisions will vary, dependifjg on their
nature.
Key management remuneration
Key management personnel are considered lo be those personnel who are not Iruslees bul sil within key
operational alld strategic roles. Key management remuneration is reviewed by Iruslees on an annual basis
and consideration is given lo local market rates for specific job roles.
Related parties
The Iruslees consider that there are no related parties, other than the board of Iruslees and key management
personnel.
Risk management
Developing a strategy for managing risk is an essential parl of risk control. The risk strategy coirelales with
the organisation's strategic business plans and is reviewEd when changes lo these documents lake place
and where major changes in the operating environment become evident, or al the very minimum on an
annual basis, As having in place good effective policies and procedures is the key lo prevention, all such
documents will also be reviewed and reassessed al minimum on an annual basis.
Risk managemgnt, contlnued
As parl ol the strategy a risk register will be kept which..
Lists and ranks previously identified and analysed risks
Slates what action will be taken lo manage iisks and identify resources allocated lo managing risks
Assigns roles and responsibilities for managing risks
Sets out how and when risks will be monitored and reviewed
This risk management policy document will be reviewed annually.
Financial instruments
The Foundation's principal financial assets are bank balances. short term inveslmènls in Treasury Bills, cash
and trade deblorslcredilors. Credit risk is primarily allfibulable lo trade debiois, The amoijnls presented i
the balance sheet are nel of allowances for doubtful deb15. The Foundation actively monitors and manages
the credit risk associated with the trade debtors.
The Foundation also activèly manages ils liquidity risk by maintaining sufficient cash reserves as noted in
the reserves section, to ensure that the charity has sufficient evailable funds for ils operations, and future
plans.
The Foundation does not have any borrowing and is therefore not affected by inleiesl rale risès.
Public benefit
The Iruslees confirm that they have had regard lo the guidance contained in the Charity Commission's
general guidance on public benefit when reviewing the charity's aim, objectives and in planning ils aclivilies.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 (England and Wales)
REGISTERED CHARITY NUMBER.. 1126933
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Iruslees (who are also the directors of Swansea City AFC Foundation for the purposes ol company lawl
are responsible for preparing the financial slalemenls in aecordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel, inGluding Financial
Repoiling Standard 102 'The Financial Repoiling Standard applicable in the UK and Republic of Ireland"
Company law requires the IILJStees lo prepare financial sl8tements for each financi81 year which give a true
and fair view ol the slate of affairs of the charitable comp8ny and of the incoming resources and application
of resources, InGluding the income and expenditure, of the charitable company for that period. In preparing
Ih05e financial slalemenls, the trustees are required to
Select suitable accounling policies and then apply them consistently.,
Observe the methods and principles in the Charity SORP.,
Make judgements and eslimales that are reasonable and prudent..
Prepare the financial statements on the going concern basis unless il is inappropriate lo presume
that the charitable company will continue in business.
The trustees are fesponsible for keeping proper aGcounling records which disclose with reasonable accuracy
al any time the financial position of the ch21ilable company and lo enable them lo ensure that the financial
slalemenls comply with the Companies Act 2006. They are also Tesponsible for safeguarding the assets of
the charitable Company and hence for taking reasonablè steps for the prevention and detection of fraud and
other irregularities.
In so far as the Iruslees are aware..
There is no relevant audit information of which the charitable company's auditors are unaware., and
The Iru51ees have taken all steps that they ought lo have taken lo make themselves aware ol any
relevant audit information and lo establish that the auditor5 are aware of that information.
Small company exemptions
This repoil has been prepared in accordance with the provisions applicable lo companies subject lo the
small companies, regime within Parl 15 of the Companies A¢1 2006.
AUDITORS
The auditor, MHA, previously traded through the legal enlily Maclntyre Hudson LLP. In response lo
regulatory changes, Maclntyre Hudson LLP ceased to hold an audit registration with the engagement
Iransilioning lo MHA Audit Services LLP.
MHA. will be proposed for re-appoinlmenl 21 the forlhcoming Annual General Meeting.
Approved by order ol the board of Iruslees on 15 May 2026 and signed on ils behalf by..
SJ McDonald
Trusteè

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 IEngland and Wales
REGISTERED CHARITY NUMBER.. 1126933
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA CITY AFC
FOUNDATION
Opinion
We have audited the finanGial slalemenls of Swansea City AFC Foundation IlhÈ 'charilable company'l for
the year ended 31 August 2024 which Comprise the Slalemenl of Financi21 Aclivilie5, the Balance Sheet, the
Cash Flow Slalemenl and notes lo the financial slatemenls, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Acceplecf Accounting Praclicel, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland..
In our opinion the financial slalemenls-.
Give 8 true and fair view of the slate of the charitable company's affairs as al 31 August 2024 and
of ils incoming resources and application of resources, including ils income and expenditure, for the
year then ended.,
Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Praclice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and the Republic of Ireland and
Have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are furlhei described in the Audilois
responsibilities lor the audit ot the financial slalemenls section of our report. We are independent of the
charitable company in 2¢cordance with the ethical requirements that are relevant to our audit ol the financial
slalemenls ill the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical
re5ponsibililies in accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In audilillg the financial slalemenls, we have concluded that the Iruslees, use of the going concern basis of
accounting in the preparation Df the linancial slalemenls is appropriate.
Based on the work we have performed, we have not idèntified any material uncertainties relating lo events
or conditions th81, individually or ctslleclively. may cast significant doubl on the charitable company's ability
lo continue as a going concern for a period ol al least Nvelve months from when the financial stalemefjls
are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect lo going conceTn are described in
the rèlevant sections ol this report.
Other information
The Iruslees are responsible for the other information. The other inltsrmalion comprises the inforrnation
included in the annual report, other than the financial slalemenls and our Rèporl of the Independent Auditors
Ihereon.
Our opinion on thè financial slalemenls does not cover the other information and, except lo the exlènl
otherwise explicitly slated in our report, we do not express any form of assurance concl￿s1On Ihereon.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales}
REGISTERED CHARITY NUMBER: q126933
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA CITY AFC
FOUNDATION
In connection with our audit of the financial stalemenls, our responsibility is lo read the other information
and, in doing so, consider whelher the olhei information is materially inconsislenl with the financial
statements or oui knowledge obtained in the audit or othetwise appears to be materially misslaled. If we
identify such material inconsistencies or apparent material misslalemenls, we are required lo determine
whelher there is a material misstatement in the financial statements or a material misst21emenl of the other
informalion. If, based on the work we have performed, we conclude that there is a material misstalemenl of
this other information, we arè required lo report that fact. We have nothing lo repoil in this regard.
Ivlatters on which we are required to report by exception
We have nothing lo report in respect ol the following mallers where the Charities (Accounts and Reports)
Regulations 20Q8 requires us lo report to you if, in our opinion..
The information given in the Report of the Trustees is inconsislenl in 8ny material respèct with the
financi81 slalemenls", or
The charitable company has not kepl adequate accounting records", or
The financial statements are not in agreement with the accounting records and returns., 01
have not re￿iVed all the information and explanations we require for our audit.
Responsibilities of trustees
As explained rnore fully in the Slalemenl ol Trustees, Responsibilities, the Iruslees (who are also the directors
of the charitable company for the purposes of company law} are responsible for the preparation of the
rinancial $13temenls and for being satisfied that they give a true and lair view, and for such internal control
as the Iruslee5 determine is necessary ID enable the preparation of financial slalements that are free from
matèrial misstalemenl, whether due to fraud or error.
In prepaiing the financial st8lemenls, the Iruslees are responsible for assessing the charitable company's
ability lo continue as a goin9 concern, disclosing, as applicable, matters related lo going concern and using
the going concern basis ol accounting unless the Iiustees either intend to liquidate the charitable company
or lo cease operations, or have no realislic alternative bul lo do so,
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of Ihe Charities Act 2011 and report in accordance
with the Act and relevant regulations made or having effect theTeunder.
Our objectives are to obtain reasonable assurance about whelhor the financial slalemenls as a whole are
free fro¥n material misslalemènl, whethe¥ due lo fraud or error, and to issue a Report of the Independent
Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee
that an audit conducted in a￿OrdanCe with ISAS IUKI will always delecl a material misslalèmenl when il
exists. Misslalemenls carF arise from fraud or error and are considered material il. individually or in the
aggregate, they COLJld reasonably be expectèd lo influence the economic decision5 of users laken on the
basis of these financi81 slalemenls.
Irre9ularilies, including fraud, are instances ol non -compliance with laws and regulations. We design
proceclurè in line willi our responsibilities, outlined above, lo delect material misslalemenls in respect ol
irregularities, including fraud. The extent lo which our procedures are capable ol delecling iiregularilies,
including fraud is detailed below..

SV4lANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 (England and Wales)
REGISTERED CHARITY NUMBER: 1126933
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA CITY AFC
FOUNDATION
Enquiry of management 2nd those Charged with governance around actual, poleRlial or suspected
liligalion, claims, non-compliance with applicable laws and regulations and fraud.
Review of legal and professional lees lor evidence of legal work undertaken or fineslpenallies incurred.
Enquiry of enlily slatf in compliance functions and external 2dvisors lo identify any instances of non-
compliance with laws and regulations.
Reviewing of financial slalemenls disclosures and testing lo supporting documentation lo assess
compliance with applicable laws and regulations.
Performing audit WDrk ovèr Ihe risk of management oveTride. including lesling of jOUTnal entries and olh8r
adjuslmenls for appropriateness.,
evaluating the business rationale ol signilicanl transactions outside the normal course of business, and
An assessment of the methodologies used in order lo calculate the eslimalelprovision al the year end for
evidence ol bias.
The accounting policy was checked lo the financial Teporling standards wheré necessary and confirmed
lo be appropriate,
reviewing accounting eslimales for bias,.
Discussions afflongsl the engagement team in rel2lion Its how and where fraud might occur in the
financial slalemenls 2nd any potential indicators of fraud",
Oiscussions with Managemfjnl over any potential or suspecte(I fraud.
Performing subslanlive lesls of detail over the completeness & existence of income within the linanci?I
system.,
-Performing subslanlive analytical review procedures reconciling expected income from corrohoraling
evidence lo that which had been recorded In the financial slalemenls lo ensure that income was complete.
BecaLJse of the inherent limitations of an audit Ihere is a risk that we will not dèlecl all Irregularities, including
those lèading lo a material misslalemenl in the financial slalemenls 01 non-compliance with iegulalion. The
risk increases the more that compliance with a law or regu121ion is removed from the events and
transactions reflected in the financial slalemenls as we will be less likely lo become aware of instances of
non-compliance Thè risk is also greater regarding irregularities occurring due lo fraud rather than 8rror, as
fraud involves inlÈlllional ¢once2lmenl, forgery, collusion, omission or misrepresenl8lions.
A further description of our responsibilities for the aLJdil of Ihe financial slalemenls is located on the Financial
Reporting Council's website al www fr¢.org.uklaudilorsresponsibililies This description forms part of our
Report of the Independent Auditors.
Use of our report
This report is made solely lo the charitable company's Iruslees, as a body, in accordance with Parl 4 of the
Charities (Accounts anoj Reports) Règulalioris 2008. Our aLJdil work has been undertaken so that we might
slate lo the chaiilable company's Iruslees those malleis we are Tequired lo slate lo them in an auditors,
report and for no other purpose. To the fullest exlent permitted by law, we do not ac¢epl or assume
responsibility lo anyone olher than the charitable comp8ny and the charitable company's Iruslees as a
body. for our auclil work, for this report, or for the opinions we have formed.
For and on behalf of MHA {Irading name of MHA Audit Services LLPI
Charleied Accounlanls and Slalutory Auditor
Eligible lo act as an auditor in terms ol Section 1212 of the Companies Act 2006
MHA House
SWANSEA
SA7 QFS
Dale..
15th May 2026

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 {England and Wales}
REGISTERED CHARITY NUMBER.. 1126933
MHA is the trading name of MHA Audit Services LLP, a limiled liabilily pailnership in England and Wales
Iregislered number OC455542)

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER.. 1126933
STATEMENT OF FINANCIAL ACTIVITIES
IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
Notes
Reslricled
Unreslricled
funds
funds
2025 Total
funds
2024 Total
funds
Income and
endowments from
Donations and legacies
Charitable activities
Investment income
Total income
25,788
1,089,428
113,282
232,333
12,348
357,963
139,D70
1,321,761
12,348
1,473,179
134,663
1,249,589
16,045
1,400,297
1,115,216
Expenditure on
Charitable activities
1,222,679
258,637
1,481,316
1,3C>3,578
Total expenditure
1,222,679
258,637
1,481,316
1,303,578
Net
lexpenditurelllncome
1107,4631
99,326
18,1371
96,719
Reconciliation of funds
Transfer between funds
15
214,368
214,268
Total funds brought forward 15
272,266
648 102
920,368
823,649
Total funds carried
foNard
15
379.171
533,060
912 231
920,368
The slalemenl of financial activities includes a15 gains and losses recognised in the year and all income and
expenditure derive from continuing aclivilies. The slalemenl of financial activities also complies with th$
requirements for an income and expenditure account under the Companies Act 2006.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 {England and Wales)
REGISTERED CHARITY NUMBER: 1126933
BALANCE SHEET
Notes
2025
2024
Tangible fixed assets
10
5,491
13,663
Current assets
Debtors
Stock in hand
Cash at bank and in hand
Short term investmenls
11
88,789
220,573
16,697
334,391
520,000
1091,661
346,132
560,000
994,921
Creditors
Amounis falling due within one year
12
123,511)
181,3911
Net current assets
971,410
1,010.270
Accruals and deferred income
13
(64,669)
1103,5631
Net assets
912 232
920 368
Funds
Unrestricted funds
Restricted funds
Total funds
The charitable company is enlilled lo exemption from audit under Section 477 of the Companies Act 2006
for the period ended 31 Au9usI 2025. allhough an audit has been carried out under section 144 of the
Charities Act 2011.
The members have not deposited notice, pursuant lo Section 476 of the Companies Act 2006 requiring an
audit ol these financial slatemenls.
The trustees acknowledge their responsibilities lor
15
15
533,060
379,171
912 232
648,102
272,266
920,368
lal
Ensuring that the charitable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
Preparing financial statements which give a true and lair view ol the slate ol affaiis ol the charitable
company as al the end of each financial year and ol ils surplus or deficit lor each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements ol the Companies Act 2006 relaling lo financial statements, so far as applicable lo the
charitable company.
These financial slaleTnenls have beèn prepared in accordance with the provision8 applicable to Gharilable
companies subject lo the small companies, regime.
The financial stalemenls were approved by the Board ol Trustees and aulhorised lor issue on 15 May 2026
and were signed on ils behalf by..
Ibl
SJ McDonald
Truslee

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER.. 1126933
CASH FLOW STATEMENT
Notes
2025
2024
Cash flows from operating activities
17
39,391
11,971
Cash flows from investment activities
Interest received
Purchase of tangible fixed assets
12,348
16,045
5,757
Net cash provided bylluseil inl investlng
activities
12,348
10,288
Change in cash and cash equivalents in
the reporting period
51,739
22,259
Cash and equiv21enl al the beginning of the
reporting period
854,391
832,132
Cash and cash equivalents at the end of
the reporting period
906,130
854,391
Cash and cash equivalents are repiesenled by bank balances and cash In hand1£346, 1301 and short term
inveslmenls1£560,0001.
Page 120

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 (England and Wale$l
REGISTERED CHARITY NUMBER: 1126933
NOTES TO THE FINANCIAL STATEMENTS
1. Statutory information
Swansea City AFC Foundation is a charitable company, limited by guarantee, incorporated in England and
Wales. The company's registered number and registered office address can be found on page 1.
2. Accounting policies
Basis of preparatioii of the financial statements
The financial slalemenls of the charitable company, which is a public L)enefil entity under FRS 102, have
been prepared in accordance with the Charities SORP IFRS 1021 'A¢counling and Reporting by Charities..
Statement of Recommended Praelice applicable lo charities preparing their accounts in accordance with the
Financial RepoTliAg Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January
20191,, Financial Repoiling Standard 102 'The Financial Reporling Standard applicable in the UK and
Republic of Ireland, and the Companies Act 2006. The financia1 statements have been prepared under the
historical cost Convention.
The charitable company s functional and presentation81 Current is the pound sterling 1£) ancl balances are
rounded lo the nearest £1.
Going concern
The financial slalemenls have been piepared on a going concern basis as the Iruslee5 believe that no
material uncertainties exist. The Iruslees have ¢on5idered the level ol funds held and the expected level of
incorne and expenditure for twelve months from aulhorising these financial statemen15. The budgeted income
and expenditure is sufficientwilh the level of reserves for the Charity lo be able lo continue as a going concern.
Slgnificant judgements and estlmates made
The Iruslees make eslimalès and assumptions concerning the future. The resulting 2ccounling eslimales
will, by definition, seldom equal the related actual results. The eslimales and assumptions that have a
significant risk of causing material adjLSStments lo the carrying amounts of assels and liabilities within the
next year are addressed below..
il Dtsubtful debts are reviewed on a regular basis and considered for wrile-off provision if the balance has
been dormant lor mole than one year. Wrile-off is only provided when recoverability is considered remote.
li} The income recogllilion policy results In jud9emenls being made with regard lo project peiformance.
Contiaclual targels and detailed KPIS are selected as appropriate in order lo recognise income earned
during the year.
iiil The Iruslees carry out annual reviews of fixed assets lo assess whether there are any indications of
impairment. ￿￿ere indications of impairmènt exist, the trustees consider the rÈcoverable amounl ol the
relevant asset. based upon either value in use or nel realisable value, depending upon the lunetion of the
asset in question. Impaiimenl provisions are iecognised in the slalemenl of financial aclivilies, within the
relevant cost catègory to which the asset relates.
iv) The annual depreciation charge lor tangible fixed assets is sensitive lo changes in the eslimaled useful
economic lives of the assets, The useful economic lives are ieassessed annually and are amended when
necessary to iellecl current estimates of economic ulilisalion and physical condition of the assets.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales}
REGISTERED CHARITY NUMBER: 1126933
NOTES TO THE FINANCIAL STATEMENTS
2. Accounting policies
VI Vvhere the charity incurs costs or is enlilled lo income which the Iruslees consider are either outside the
scope ol normal activities or unusually material lo the accounts in terms of size or incidence, then such
amounts are classified as exceptional Items and disclosed separately on the face of the slalemenl of
financial activities and desciibed further in a separate nolfj lo the accounts
Income
All incoming resources are included in the sl&lemenl ol financial activities when the charity is ènlilled lo the
income and the amount can be quantified with reasonable accuracy. The following specific policies are
applied lo particular calego¥ies of income..
Investment income Is included whèn receivable.,
Income from charitable 2clivilies arè accounted for when earned,,
Income from grants, where related lo performance and specific deliverables, are accounted for as
the charity earns the right lo consideration by ils performance. This will lak8 account of conlraclual
largels and KPIS agreed during the course of thÈ year,. and
Income from non-perlormancÈ related grants 2nd donations are recognised when the charity
becomes enlilled lo the income, il can be measured reliably and receipt of the income is probable.
Expendlture and Irrecoverable VAT
Liabilities are recognised as expenditure as soon as there is 8 legal or conslruclive obligation coming the
charity lo that expenditure, il is probable that a transfer of economic benefi￿ will be required in selllernenl
and the amount ol the obligation can be measured reliably. Expenditure is accounted for on an accruals basis
and has been classified ullder headings that aggregate all costs ielalèd lo the category Where costs cannot
be directly allribulable lo particular headings, they have been allocated lo ach'vilies on a b2sis consislenl with
the use of resources.
Grants offered subject lo conditions which have not been mel al tho year end dale are noted as a commitment
bul not accrued as expenditure.
Expenditure includes any VAT which cennol be fully recovered, and is reported as parl of the expenditure to
which il relates".
Charitable expenditure comprises those cosls incurreil by the Gharily in the delivery ol ils activities and
services for ils beneficiaries. 11 includes both costs that can be allocated directly lo such activities and
those costs of all indirect nature Trecessary lo support them.,
Governance costs include those costs associated with meeting the conslilulional and slalulory
requirements of tho cha¥ily and include the audit lees and costs linked lo the strategic managemènt of
the charity..
All costs are allocated between the expenditure calegtsries ol the SOFA on a basis designed to reflect
the use of the resource. Costs relalillg lo an aclivily are allocated directly, olliers are apportioned on an
appropriate basis.
Tangible fixed assèts and depreciatlon
Tangible fixed assets are measured al cost less accumulated depreciation. Only assets costing more than
£500 are capilalised. DEprecialion is provided al the following annLJal rates in order lo write off each asset
over ils eslim21ed useful life..
CompLJlers and equipmeril elc.
250/9 sITaighl line
All fixed assets are employed in the furtherance ol the charity's objectives.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 IEngland and Wales)
REGISTERED CHARITY NUMBER: 1126933
NOTES TO THE FINANCIAL STATEMENTS
2. Accounting policies
Taxation
The chaiily is exempl from corporation tax on ils charitable activities.
Fund accounting
Unreslricled funds ale available for use at the discielion of the Iruslees in the furtherance of the general
objectives of IhÈ charity.
Reslricled funds ¢an only be used for parlicular reslricled puiposes within the objects of the charity.
Reslriclions arise when specified by the donor or when funds are raised lor particular restricted purposes.
Gifts In kind and donated assets and serviceB
Gifts in kind are logged in a central register and quantified as a donation for signilicanl conlribu110ns. Donated
assets and serVI￿S worth more than £500 will be included wherever relevant. if the value can be reliably
e8lim31ed.
Flnancial instruments
The charity only has financial assets and financial li2bililies of a kind that qualify as basic financial
inslrumenls. Basic financi21 instruments are recognised al transaction value and 8ubsequenlty rne8surecl at
their selllèmenl value.
Operating leases
Expenditure relating to operating leases is recDgnised in the Stalemenl of Financial Activities in the period lo
which il relates.
Pension costs and other post-retirement bei)efits
The charity operates a defined Gontribulion pension scheme. The pension cost charge represents
contributions payable by the charity lo the fund, in accordancè with the rules of the scheme.
3. Donations and legacies
Restricted
funds
Unreslricled
funds
2025
Total
2024
Total
Core funding
EFL- Core
PL- Core
EFL- Business Development
50,000
53,150
50,000
53,150
35,000
50,000
10,000
Other income
Swansea City AFC - Kil
17,412
17,412
24,000
Other
8,376
10,132
18,508
15,663
Total
25.788
113.282
139,070
134,663

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER- 06714819 IEngland and Wales)
REGISTERED CHARITY NUMBER.. 1126933
NOTES TO THE FINANCIAL STATEMENTS
3. Donations and legacies - continEJed
For the year endèd 31 August 2024
Reslricled
funds
Unreslricled
funds
2024
Total
Core funding
other income
95,000
9,663
30,000
95.000
39,663
Total
30,000
104,663
134,663
4. Income from charitable activitles
Reslricled
funds
Unreslricled
fLJnds
2025
Total
2024
Total
Premier League proj8¢ts
PL Kicks Universal
PL Primary Stars
203,770
150,600
203,770
150,600
200,150
151,220
PL Inspirès
100,750
100,750
100,000
Other charitable activlties
Police Crime Cominissioner
PCCIEFL Kicks Partnership
Fil Fans SPF Swanse8 Council
WGRP Children & Young People
WGRP Disability Fund
'All Cwlched Up,
Degree Programme
74,237
18,840
149,802
49,255
498
2,424
2,600
74,237
18,840
149,802
49.255
498
2,424
2600
100,000
203,354
45,007
47,147
9,955
EFL Fil Fans
Youth Juslice Sport Fund
Streelgames
Jacks Welcome
EFL Fans Fund
Jack lo Chef
Walking Football
Courses. Soccer Camps & after
School Clubs
Adult Carer5 Grant
Swansea Council lTrspire8 IKicks
Swansea Council Fil Jacks NPTUV
Smart Meter
Hampeis Project
Fundraising
Family Zone
Girls Academy
Street Child World Cup
Other
Total
37,750
300
37,750
300
36,750
6,000
37,500
2,083
4,868
9,910
12.500
10,000
11,800
199.038
37,500
2,083
4,868
201,018
201,018
117,626
21,750
9,107
117,626
21,750
9,107
16.313
88,159
3,750
65,323
20,972
400
88,159
22,213
9,102
8,558
8,576
375
1,321,761
22,213
9,102
8,558
8,576
375
1.089 428
232,333
1.249,589

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 (England and Wales)
REGISTERED CHARITY NUMBER: 1126933
NOTES TO THE FINANCIAL STATEMENTS
4. Income from charitable activities - continued
For the year ended 31 August 2025
Restricted
funds
Unreslricled
funds
2025
Total
Premièr League projects
Other charitable activities
455,120
634,308
455,120
866.641
232,333
Total
1,089,428
232,333
1.321,761

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER.. 1126933
NOTES TO THE FINANCIAL STATEMENTS
5. Analysis of expenditure
Reslricled Unreslricled
fullds
funds Governance
2025
2024
Total
Total
Costs dlrectty allocated to
charitablè actlvities
Wages and coaching
Training
Kil and equipment
Motor, travel and subsistence
724,744
8,915
42,867
34.775
138,369
3,810
10,640
4,531
863,113
12,725
53,507
39,306
805,829
8.710
54,829
32.549
Advertlsing
Venue hire
Vehicle hire
8,568
55,363
50,409
4,407
20,135
72,g75
75,498
50,409
15,524
72,641
26,823
Hampers Project
Adijll Carers Support
Depreciation
Total direct Costs
84,851
77,241
5,396
1,093,129
84,851
77,241
8,169
1.277,794
68,928
13,890
9,410
1,109,133
2,773
184,668
Support eosts allocated to
charitable activities
Administrative salaries
Pensions
Audit and accountancy
Insurance
Equipment hire
Telephone
Printing,
publications
Postage
Computer and software
Depreciation
95,278
18,724
12,340
4,135
107,618
22,859
12,600
16,082
2,523
6,439
97,904
20,041
16,413
14,728
766
12,600
5,858
373
10,224
2,150
2,259
4,180
s121ionery
and
6,776
134
498
632
398
108
20,211
3,492
84
84
22,255
900
21,355
Sundry
Bank and Credit charges
Bad debts
Total support Costs
3,358
4,969
3,358
9,072
4,735
8,773
100
194,445
4,103
129,550
61,372
12,600
203,522
Total expenditure
1,222,679
246.037
12,600
1,481316
1303,578

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER-. 06714819 IEngland and Wales)
REGISTERED CHARITY NUMBER.. 1126933
NOTES TO THE FINANCIAL STATEMENTS
5. Analysis of expenditure - contlnued
Foi the perioct ended 31 August 2Q24
Reslricled Unrestricted
funds
funds Governance
2024
Total
Costs directly allocated lo charitable activities
Support costs a11ocaled lo charilable activitie5
Total
885,146
124 883
223,g87
47,265
271.252
1,109,133
194,445
1303,578
22,297
22,297
1010,029
6. Net incomellexpendituye)
Nel incomelexpendilure is slatèd after charging..
2025
2024
Auditors, remuneration
12,600
8,300
7. Staff costs
2025
2024
Salaries and wages
Social security costs
Pension costs
881,994
88,738
22.858
832,694
71,217
19,953
The amount owed lo the defined contribution pension scheme al the year-end was £-125 {2023 - £58).
Number of employees who received lolal einployee benefits ol more than £60,000 is as follows..
2025
2024
£70,001 £80,000
£80,001- £90,000
The average number of employ&es were as follows..
2025
45
2024
46
Charitable acliviliès
Adminislralive
48
49
Key management personnel are considered lo be those personnel who are not Iruslee5 bul sil within key
operational and strategic ioles. The lolal cost of the senior management team was as follows..

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER: 1126933
2025
2024
Kèy management personnel
319,678
289,396
There were 1412024 - 141 volunteers. The benefit lo the charity ol volunteers, lime has not been quantified
nor has any amount been recognisecl in the accounts.

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER.. 1126933
NOTES TO THE FINANCIAL STATEMENTS
8. Trustee5' remuneration and benefits
There were no trustees, remuneration Dr other benefits for the year ended 31 August 2025 nor for the year
endèd 31 August 2024. There were no trustees, expenses paid for the year ended 31 August 2025 nor for
the year ended 31 August 2024.
9. Comparatives for the statement of fillancial actlvlties
Reslricled
funds
Unreslrieled
funds
Total
2024
Income and endowments from
Donalions and legacies
Charitable aclivities
Investment income
Total income
30,000
1,030,908
104,663
218,681
16,045
339,389
134,663
1,249,589
16,045
1,400,297
1,060,908
Expenditure on
Charitable activities
Olhei
Total expenditure
1,010,029
271,252
22,297
293 549
1,281,281
1,010,029
1.303,578
Net incomellexpenditure}
50.879
46,840
Reconciliation of funds
Total funds brought forward
Total funds carried foNard
221,387
272,266
602 262
648,102
823,649
920.368
10. Tangible fixed assets
OKice
Equipment
elc
Cost
Al 1 September 2024
Additions
Impairment
Al 31 Aijgusl 2025
95,823
76,454
19,369
Depreciation
Al 1 September 2024
Charge in period
Impairment
Al 31 August 2025
82,162
8,170
76,4541
13,878
Net book value at 31 August 2025
5,491
Net book value at 31 August 2024
13,661

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER.. 06714819 IEngland and Wales)
REGISTERED CHARITY NUMBER: 1126933
NOTES TO THE FINANCIAL STATEW4ENTS
I I, Debtors
2025
2024
Accrued income
Trade debtors
Other debtors and prepayments
62,923
2,839
23,027
88,789
196,399
3,682
20.492
220,572
12. Creditors: amounts falling due within one year
2025
2024
Trade creditors
Accrued expenses
20,821
2,690
23,511
47,804
33,587
81,391
The balances above are payable within one year and are not interest bearing.
13. Deferred Income
2025
2024
Deferred Income IperfoTmance related grant81
64,669
103,563
Reconclliation of deferred income movements
2025
2024
Balance brought forward
Released during the year
Deferred during the year
Balance carried fotward
103,563
1103,5631
64,669
64,669
18,133
118,1331
103,563
103,563
14. Analysis of net assets between funds
Reslricled
funds
Unrestricted
funds
Total
funds
Tangible fixed assets
Cuirenl assets (excluding cash al bank and in
handl
Short term inveslmènls
Current assets (cash al bank and in handl
Current liabilities
Deferred income
1,902
79,763
3,589
9,026
5,491
88,789
312,939
69,774
120,5381
164,6691
247,061
276,358
12,9731
560,000
346,132
123,5111
164,669}
Nel assets
379,171
533,061
912,232

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales}
REGISTERED CHARITY NUMBER: 1126933
NOTES TO THE FINANCIAL STATEMENTS
14. Analysis of net assets between funds - continued
For the year ended 31 August 2024
Restricted
funds
Unreslricled
funds
Total
funds
Tangible fixed assets
Current assets lexcluding cash at bank and in
handl
Short Term Investments
Current assets (cash al bank and in handl
Current liabilities
Deleired Income
Nel Assets
6.970
227,327
6,691
9,942
13.661
237,269
115,212
92,626
166.3071
103,563
272 266
404,788
241,765
115,0841
520,000
334,391
181.3911
103,563
920,368
648,1 C)2
15. Fund movements
Movements in unreslricled funds (including designated funds}'.
31108124
Income
Expenditure
Tfansfers
31108125
General fund
SwansAid fund
Idesignaledl
Conlin.gency
Idesignaledl
321,069
354,543
1243, 1201 (232,1081
200,384
82.D33
3.420
115,5171
17,740
87.675
245,000
245 000
648,102
357,963
258,637
214,368
533,060
Movements in unreslricled funds (including designated fund51 lor the year ended 31 August 2024..
31108123
Income
Expendilure
Transfers
31108124
General fund
SwansAid fund Idesignaledl
Contingency Idesi9naledl
274,953
82,309
245,000
308.617
30,772
1280,2411
1fj3,3081
17,740
117,7401
321,069
82,033
245,000
602,262
339,389
293,549
648.102

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER,. 06714819 (England and Wales)
REGISTERED CHARITY NUMBER: 1126933
NOTES TO THE FINANCIAL STATEMENTS
15. Fund movements- continued
Movements in reslricled funds..
31108124
Income
ExpÈndilure
Transfers
31108125
PL Kicks Universal
1,222
203,770
1228,2561
23,264
PL Inspires
PL Primary Stars
14,6641
183,086}
100,750
150,600
1105,8981
1248,8061
9,812
181,292
Other
Kil
310,794
48,000
660,096
1639,7191
231,171
272,266
1 175,216
1222,679
214,368
379 171
The balancè of funds relating lo reslricled funds al the year end relates lo various PTojecls which continue
past the year end and are held lo complete those identified projects.
Movements in reslricled funds for the year ended 31 August 2024.
31108123
Income
Expenditure
Transfers
31108124
PL Kicks Universal
PL Primary Stars
PL Inspires
Other
Kil
3,755
200,150
151,220
100,000
585,538
24,000
1,060.908
1202,683}
1234,3061
1106,8021
1466,2381
1,222
183,0861
14,6641
310,794
48.000
272 266
2,138
191,494
24,000
221,387
1,010.029
Funds have the following purposes".
PL Kicks Universal
PL Kicks Universal and Targeted are projects funded by the Premier League Charitable Fund which tjse
the power of football and value of sporls pailicipalion lo help hard lo reach youngsters and reduce anti-
social behaviour.
PL Prlmary Stars
A new progr3mme lo replace School Sports, which delivers English and Maths sessions in schools with the
aim of Inspiring children in teamwork and spoils.
PL Inspires
Piemier League Inspire5 is a pilot Programme being funded and run in partnership bebNeen Premier League
Charitable Fund, The Princes Trust and 9 club community organisalions. The project aims lo work with

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 {England and Walesl
REGISTERED CHARITY NUMBER: 1126933
young people in a schools-based programme, where they complete 2 modules ol a GCSE eqLJivalent
qualification.
NOTES TO THE FINANCIAL STATEMENTS
15. Fund movements- continued
Other
The balance of funds relating lo reslricled funds al the year end relates lo various project8 which continue
past the year end and are held lo complete those Identified projeGIs.
Designated funds have the following purp08es'.
Swans Aid
Funds designalecl by the Trust for distribution lo smaller local community groups.
Contingency fund
Funds designated by the Trust as a contingency against future costs or feduclions in income streams.
16. Related parties
There were no re121ed party transactions during the year, other than remuneration paid lo key management
personnel, as disclosed in note 7.
47. Reconelllation of net movements to net cash flow from operating aclivities
202S
2024
Nel incomellexpendilurel for th¢
reporting period as per the SOFA
Add back depreciation charge
Deduct investment income
Decreasel{Incieasel in stock
Decreaselllncreasel in debtors
(Decieaselllncrease in creditors
(Decreaselllncrease in deferred income
18,1371
96.719
8,170
112,3481
16,696
131,784
157,8801
138,8941
39,391
12,893
116,045)
116,6961
1152,9581
2,628
85,430
11,971
18. Operating lease commitments
Al the balance sheet dale, the charity had commitments under non-cancellable operating leases tolalling
£60,793 (2024 - £97,793)
19. Contingent assets
At the balance sheet dale, the charity had been 8warded grants of £nil12024". £nill which are subject to
certain conditions which preclude income recognition,
20. Pension Commitments
The Charity opèrations a defined contribution pension scheme. The assets of the schemes are held
separately from those of the charily in independently administered funds. The total pension cost charge
represents contributions payable by the Charity lo the funds and amounted to £22,85812024.. £20,041).

SWANSEA CITY AFC FOUNDATION
YEAR ENDED 31 AUGUST 2025
REGISTERED COMPANY NUMBER: 06714819 (England and Wales)
REGISTERED CHARITY NUMBER.. 1126933
Contributions lolalling £125 12024.. £581 were payable lo Ihe scheme at the balance sheet dale and are
included in creditors