Company No. 06703178 Charity Commission No. 1127806 QPR IN THE COMMUNITY TRUST (A Company Limited by Guarant88) Report and financial statements 31 May 2025 QPR IN THE COMMUNITY TRUST Financial statements for the year ended 31 May 2025 Cont•nts Reference anij admlnlslMIK)n wrforrn Trust8es' reiK)rt Indepenijenl aud￿t0￿$ rewt 8-11 ststement Offina￿l￿ thtses 12 Balanco sh86t 13 Cash Ikmf #alwnent 14 Notes to Ihg finanrAal slatewents 15-24 Reference and administration infomiation Trust Mr E SullNan li￿ned 18th Feb 20261 Mr R Lèdgister l￿ft 10th March 20251 MrR Gnanalingam Mr C L H(M)S Ms J P Kennedy Mr M Khaliel MrK McGrath Mr A Sinlon MsFSmth Chl•f Ex•eutlv• and S8¢Trtsry josned 151 Janaury 20261 IAr A Evans (kft 1* January 20261 Mr L Hcosllnterim CEO Regl$ter•d Office Loftus Road Stadium South Africa Road W127PJ R•glstsrnd eompany number 06703178 R•gl$t•r•d charlty numb•r 1127806 Auditor Sayer Vincent LLP 110 Golden Lane London EC1YOTG Main 8ankers Royal Bank of S¢dJa￿a 13 Patemoster Row EC4M 7EJ QPR IN THE COMMUNrrY TRUST Trustees. report (incorporating the directors. report) for the year ended 31 May 2025 Introduction The Trustees wesent their rep)rt and Ihe audited financial statements fw the yearfrom 1 June 2024 to 31 May 2025 The Trustees have adopted the provisN)n5 of Ihe CharrtEs Act 2011, the Cornpanie5 Act 2006. th MeMc￿andum and Artic￿$ of AsscKiation and Accounting and Reporting by Charib'es.. Statemenl of Recommendeil Practice appI￿le to chariiies weparing thesr accounts in accordance with the Financial Repwting Standard aO¢cabb in Ihe UK awKI Republic of Ireland (FRS 102) (effective 1 January 20191. Struetur•. go¥•mane• manag•m•nt in of Trust The QPR In The Communty Trust was iwrp)ratsd iy) Ihg 19 Septombor 2008 as 8 company limitsd by guarantee and was registered as a charity with the Charity CommiSs￿)n on 30 January 2009. Govemin The eompany is govarned by rts Memorandum and ￿ticI•s of Assouats"on dat8d 19 Sèptambar 2008. The ompany is limitsd by guaranté$ and has no share caprtal. Eath m8mb8r has undartakèn tts contribute to the assets of the company in the event of Ihe same being wound up while shelhe is a member, or wtthin one year of ceasing to be a member, for payment of debts and liabikties of the ccxmpany contracted before ceasing lo b8 a memb8T, and of the costs, thar￿$ and exF￿s￿ of wndiThJ up, arml for thè adjustmènt of tha rights ol th8 contributor8 amongst themsefves. SLK* amount as may be required not exceeding £10. Tru san th8ir int The Tru51ees of the charity, v1*￿ are also Direct(Y5 of the ￿￿ny. who seryed during the period wgre 83 follows.. Mr R Gnanalingam MrCLHoos Ms J P Kennedy Mr M Khaliel Mr R Ledgister (left 10th March 2025} Mr K McGralh Mr A Sinion Ms F Smith Mr E Sullivan 18th Fsbruary 2026) Trustee induction and Iraini Twstses a￿ prwdod Mih a dètai18t1 ￿turn￿t ouuirwng th6ir dub.es and rèspK)nsibiltb"ès. along Wrth the opportunity lo discuss the practicalilies of the role. In addition. all Trustees have the opportunity to meet key membèrs of Trust stsff and arè enwJrag8d to attend Tntsl evenis and Pfogrammes. Ongoing training for Trustees will be provhd&Y as appropriate to [8￿1181e the Undertaking of their role. 8n15atK>nal struLlure The Board ofTrustees. who aim to meet four twnes a year. govem the tharity. A Chigf Executive is appointed by the Trusts8S to manage thè day-to-day operatiorhs of the charity. The salary of the GEO is determined by the Tnjstees arKI 15 benchmth•Y against other charsbes of a similar size. the benchmarkiThJ exercise takes pk2ce annually in May. QPR IN THE COMMUNrrYTRUST Trustees. report (incorporating the directors. report) for the year ended 31 May 2025 (continued) DecSsk)n maki When Board papers are urculal8d to the Trustee5', agenda items are marked -Woval reqUI￿d. so the Trustees are clear a decisic¥) is required and have been in receipt of the appropnate dcurnents to inform that decision makiThJ I￿oCess. Day to day ¢)peralmal deLisions are taken by th¢ Tw$Ys CEO and 5enic management team. Related arts"e5 We hav8 a Service Level Agreernent twnplate that is uwj lo fomialw the relationships path•rs and any funded programmes a￿ suty.ect to the grtnt making L¥JdvdS' funding agreements. These hjnded programmes are also subject to rep￿ts as part ol Ihe agreement to d•NKmstratg agreed KP￿ and out￿Me5. Risk man A full review of the charitys man areas cl iisks has b8en undertaken. Thr6 inrknes all health and safety and ehild protection ￿1C￿S and wi)C8dures. The Trusiees have approved written policies and practicè statements covering these areas. In add￿On, a rewew of all finarthl r￿kS is undertaken on a wular basls. Th8Trustee5 ofthe charity believe that swnd risk management is integral to t￿lh gothj managemantand gocxl g0Veman￿ practice. Risk management Sh￿k1 lorm an integral part of the ¢h8rrty's derysk)n making and be inDJrporatsd ¥￿thIn strategicloperatKffial ￿anning. Risk assessmentswll cormlucted c%) all r*w acbvi1￿ and projec15 lo en8ure Ihey ar8in lir￿wIth the charity's objectives and missi￿. Any iisks C￿ Cyportuni￿ WAI be wjtrnlifiod, anatys8d ar￿ rep(xt8d at an apwopriate levd. A risk register covering key strategK riskswll b• maintsw*d and upjatgj at I￿tannUal￿a￿I rnore frequenuy whém rfjsks ar• known to be volalA8. A rncf? delaled operatb(Thl risk wister be rnaintaineij in aspects where this 15 considered appropnate. takThJ a￿tyjnl of of potenti￿ risk •.g. thng with high-risk y(yJrrfJ pW*. Key Identrfled risks Loss of a major fund•r. We mantsirb a op8n. tranSpa￿t r8latKmship wilh our map)r fvnders. Fundiro being pUl￿d mew jobs at rtsk and a SUSP8n5KM oftlK)58 prqects.F&lown9 two challenging years wh￿e our unrestrthd proi&ts haven't perfNrn￿ a5 well as predicted we are ¢urrentty addressing this situation through the lollowing steps.. Pbnned reSt￿th￿ and redundan£i85. better financial nnin￿f0recaSting, ￿)Creasing unrestricted frJn(knJ ¥&ith key $81 targets. ￿rt￿n9 costs and a new financial trustee has be￿ aPFointed Saf8guardlngh¥elhr• incid￿( Often parbcipants have cxmplex. r*al￿ngIng needs or can be vulnarable. It's important that from our first encounter wilh new siaff. parbcpants and partnws Ihat we are clear abNrt our safeguarding Pri￿1b@s. For all sess￿$ we deliver there is a pr&progranwne Checklist and risk assessment. to ensure all due diligm ts tornKAeled. Staff are compliant with DBS and Safeg￿ardIng training. as part of wr safer recryitm￿I [￿dU￿. and take part in reguLar CPD events. Recent courses include Mental Health in the WorkFAac8, Conl8xlual Safe9uardirg. Awareness of L￿-LeVel Concems. and a Guide io Incluswe Language. thich a￿ nw)nitcrfed on a system - Saf•ty Cutturè. Th&s platf<)m all(yws for online induction5, ongoing trainiThJ and track$ all qualffi¢atK)ns ￿￿18d. Our single central rewd, Coa¢hingTemp is also used lor monitoring CQ¥TyliarKg ¥￿th DBS, S8frguarding and First AKI. Ongoing training and support are vital. Al w staff ￿ an MdUct￿ in safeguardiThJ and EDI. and wa ftslltrAf saler.recrurtm8nt procedures. Speak Oth Safe i8 used to rewt ￿ safeguarthThJ CL￿¢￿mS of Ihe Lyoups work vAth. arbd we distribute safe9uardiry card8 $0 that pathpantslparents kTh)w how to rewrt a c<)ncem. Staff have undertaken critical inciderbt training. We have established pdicw in place ts chdd protection. adults at risk, and safer r8rJuitrnent as wel as adverse weath￿. Safeguarding is a standing itèm on the Board agerbda, quartgrty uwyates and ¢ompliartt are conveyed. DSL maintains strwj ￿la1￿)nShI)S the TTrBorDugh LSCB, the LSCB of the ￿&ghboUnng London boroughs, Loc21 thrity chiklren's swvices. LC￿ ￿lty Desljnated Offic*r and Police saI￿uard1[vj t8ams. QPR IN THE COMMUNITY TRUST Oble¢tfv•s and athvltoès The charitys objec*ves. as setout in the Memorandum ofAssouatb)n, ¥è.' to promote community participation in hèathy reC¥ea1K￿ by facilibes for the playirvJ of ass￿atiOn football arbj other Sr￿rtS capable of impTovirs heath: to provide assistance and assisl ￿ provid*w frdcilitw for swl. let￿ation LV olher leisure tim8 ocoJpat'on of sueh persons who have n88d of 5LKh faolrties by rea50n of thwr ywth, age, infirmty or diSable￿nt. POV8rty or s(Kkg1 and ecA)nomK rArrAArr￿lances or forthe putjic at large in the Inte￿Sts of social wdlare and with the otr¥￿t of irnprwry their Cond￿On$ of lrfe.. Trustees. report (Incorporating the directors, report) for the year ended 31 May 2025 (continued) to advat)ce Ihe education olth*Jren and yourffJ P8OF48 Ihrou9h mearts as Ihe Truste9s think fit in accordance wrth the Lqw of charity.. and for th& ganeral wrposes of such charrtth tMxl* (Y fty such r)tt*r exdusivety chari1a￿e purpose in Aims of thè eha ' Working in disadvantsged arKI deprived ar88s of West L¢Thlon. the Tnjst wths to suptKJrt ktal (￿￿M￿ltIeS and provide 0ppOrtyn￿eS for pa￿pants to make positive char¥Jes is tr*ir lffts. The charity i8 fctusir¥J C￿.. . PosV(Ne physical and mental heatth . ￿ppCW￿.ThJ young peOe to reach thelrfijll Beityj bom In a certain area shtyJk1nl define y￿¥ heallh, opportuniti8s asptrations. Th8Tru8tworks thsely vrith l(xal partner8 to d81Ner woiecls to surwt Fx)sitwe thange and has a highty skn.lled workforce who are )sitive rc4e models widing pwhcapants to $￿CesS. Maln ob'ectN•s for the '¢yJ and stra athiavi Th• charws w￿lOn, Mtssion. and BqhaM0U￿ f(xm lh8 basi$ of Its straw and rk4'e(#Ne& To treate a stron9gr. healthier. fflore active Cornm￿ty where evwe can ilrn. Ourmisw(ATr To address kncal ne•ts and make a difference to iThJi¥¥Jvals and our communths Sc¢hg1 obl￿ti¥￿8 To womote posthe heahh aThJ mental well t*mg To SUPPLYI th8 achi8V8ment of lrfdrmg ￿amIr￿. educatK)nal attainment and raise asF*rations ContrI￿te io a more cthesive & diverse c￿mM￿ty To create a sense ofirxnmunty, inte9r8lK)n and the fediro of beloryrwj Provhje long tem suslainable. positive ¢JJttomes in West L¢￿th)n Continuous improvements in Equalty. DNergty aThJ Ir￿lus￿ IEDII Tack￿ Soual Isc4ation and LoneSness Ihose w￿) nogd us nTh)sl Our Values . apFUQPR Twst carès aLKyJl its kxal 1￿MUrMty QPR IN THE COMMUNrrYTRUST We have ident￿d oJr CCOP prioriti85 going lo￿ardS 85 ImpacL Health & Safety. Envircfflmental Sustainability, our awn to is to w￿k twards a¢h￿Th) a Very Good rating in each of those areas of focus. We treated our first impact ￿p(￿l revia*ing the 24nS Seas￿ and plan to continue these in seasons gLing The direction of trav81 we have Set our organisaticffi ts the months & years ahead is a roadmap to eXern￿ary. it evokes the prinapal ofcontinuous imKrnem8nt, and we are already lakiry medium and long-lemi courses of aclion to woperfy address and emtrKd gwj g)¥emance. Trustees, report (incorporaling the directors. report) for the year ended 31 May 2025 (continued) As it stands today, th• avar8gé ov8rall scwe IAL*Jrtrysl for wr ￿ll¥C￿k 15 75.05 %. We have achleved a score over 80°A meaning ojr ¢c¥mpliance score is Very G¢xxl. Volunteer5 QPR in the Communtty Tntst r80)gnis8s lh8 vaknNe ¢rAtht￿[m)n made by vc4unteers to the hxal area and the vast array of skills, exP￿nCe and enthusiasm that e¥i5t within Ih8 c£fflmunity. W8 believe in invdving volunteers in our a￿￿￿eS because Ih8y r8fi8ct Ihe intgrests. needs and res￿￿ ofthe wmmunity and society. thu5 bringing a untque perspective to all ¢JJr wo￿. Volunteers are integral to the work caffied oul by Ihe Trust and are committed to prov*Jing vduntaeriThJ rrwttjnrhes. Thr￿￿ our exlensNe ofcommunity-based programmes and our slilled staff wthfm, arè ablè to erwJag8 and d¢veknp vc4LWrteers on a number of drfferent kvds. Apprlxh to FundrnSslng Our lutKlraisirwJ events airn Io SiVF*Yt ts charity as as supFtJriing speofic prLy8cts. Donation5 are welcA)me at any b.me through wr Furxl Me or Grx*Jbox trArt we do not 8t present Use direct market'ng this purwse or use professional knndraisers. We do rnt undertake any acbviliès Ihat ¢￿k1 be dasstfied a5 intrusive or rsistent n lis approach tt) indi¥Kluab (vul￿rable or 01he￿isel. enyjring that it does not appty uThJuè préssurè to donors to SUPFXNt fundrasing ￿tMlieS. We pay for places in events s￿h as Ihè TCS LoNlon Marnllhjn, the LofKlon 10k16 rA8cesI and offer these plaees to fan5 who wish to fundraise for the charity. We are aLso often approached by fans that hav& Secur￿ 8 pla¢e in an event and have chos•n rwstto r￿￿8 frJr¥Js ts- in b)th these ￿Se5 we sUp￿t the fundraisers 0.9. suoy runniWcydirwJ vests and use Go Fund rne as a hJThJraising F4adom). Each year V+P the TwJer Feetwalk- with all prc¢eets tchvards tyjr tky*ms syThJr￿ng toolball team. Wl itht furvjraising is suky>rted by an SW Tb3tsY F*t 15 b)Jk pkne on 5th Ayil 2025. W8 US8 Matth Wom Shirt auctions wrfh all woce&ts wng to Ihe Trust e.g. shirts, Mem￿a￿lI13. Raffall is 8150 used. The Trust njns a Match Day Rallle at QPR hLTh garr￿s, prrxeeds go trywards the charity. Furthern￿re, we run end of season ￿tch events such as The M￿tal Helath Wortd Cup whth gan8rates unr8shct8d fijnds. Durin9 rinancial year we were donated some probate rrMJn8y frIMn a Wdl ￿ch has hdped support some of our projects. We adhere to recognised fundraks￿g slarNlard5 ar*J as am tundrai5iry is through Go Fund Me. We produce rTb)nthly reports to mnitor f￿draIsiNJ. Any ¢))mplw'nts w￿￿j folry* the Tyusfs eomplaints Kwoc•dure. No complaints rais￿ in th8 year. QPR in the Cc*mmunity Trust has ￿ed at its impad Obie(*ves and this the fulure have done this by.. Prornoting he4th and mental We￿be1￿j. SukJporbTr3 the xhievement of Irfe￿￿¥d ￿mI￿j, educatbjnal attath)ment and r8ise aspirations: QPR IN THE COMMUNITY TRUST Contributing to a rThxe cohesivè & dive￿ community arKI cre8bng a sense of community, iniegration arvj the feeling of bèk>nging'. Providing bng term sustainable, wsitNe outcomes in West London: Continuous impyovements in Equalrty, Diversrty and Indusion IEDI).. Tackling Social Isolation and Loneliness for those who need us most. This has been ¢JrNen and achieved thr￿jgh fctusing on the kncal needs by pattrers. funders and stakeholders. ReaSising we nè6(1 to ￿ positivè TO￿ modds in prrjmoting FK)WtNe change and ensuring that QPR an(J QPR in the Community Trust care5 ab(￿1 ifs hxal community. Football now •xtgn¢J$ beyorKI the gwne rt5eK & is rKW CCffltr￿knng to society. supporting people to fulfil t￿1r potential. Trustees. report {incorporating the directors. report) for the year ended 31 May 2025 (continued) Th8 continued suc￿sS aThl posibve impacl rnade by QPR in the Communty Trust is down to a huga team effort 8nd we 8re so lucky to have great people who have Ihe passw￿ and sknlls for what we are tying to achi*va - providing opportunities for peop￿ to fuffil their potenlial. QPR is a club that carès 7Mth ts cornrn￿ty Trust at the heart of its operation, and we h)ok fc¥ward to rA)ntinuing to be an 8¢ts"ve ¢ontrbutor to the thal community for years to come. Financial revSew During the pefiod under rwièw. th8 Trust op8ratéd at a deficit of £460.531 {2024.'£63.4561 of which a deficit of £477,16312024: £66,783) wa5 attriixrtable to unreslricted fvnds and a Surp1￿ 01 £16.632 {2024'.£3.3271 was attribulabb to restricted fijnds. Total UnreStr￿ted funds at the year-end were £418,23912024.. £895.4021 The main inwme strearn5 during the year have been coaching and [￿r5e fees lunrestrictedl. ￿ants in relation to b)th restricted and unrestricied activities and donations from QPR HoldirvJs Ltd lunrestrthj funds). Reserves pollcy The charity has a tsrget in place to secure reserves to cover four month5 of expenditure {approx. £800,000), consistent with the prevhous year. The reseryes wll be buitt up using the Teserves generated from unrestrieted acts'vities. The aim of the poly is lo protect the Trust and staff from any cor1sequ8n￿s rf a number of restricted funds were to end. It also aims to build reser￿$ to h8lp enab￿ k)ng term 5U5tsinability. Plans fr*rth• futurn Above all, we need to keep our beneficiar¥&s at thè heart ¢rfwh8t we do: we to promote access for all, which means ensuring our projaets provKlefor the most¥vlnerable in our hxal ccffimunities. a5well as everyone else. Our fLAuré focus is to build on what we are great at, supwting young pecfile who are facing chalben9ing times trj fusfil their polential. we ar$ all concemed by the inGrease n Youth Vidence here in London which can only be solvéd through partnership. We wll aim to Tackje Sc¢ial Isolation- rnt just amongsl th& okl but the amngstthe young as well. We will encourage Heallhy EatiThJ & Physical Acimty to Im[￿0Ve physul & enJ)tional wellbeing pa￿Cu￿￿Y as we see more young peop￿ suffering from Mental Health issues. We will conts.nue to use the QPR 1* Team to gNe imp)rtant messages and akJn99ide the QPR Womèn's team will enat4e to promote all our different areas of the Tnjst Player Ajnbassadtsrs. Statsm¢nt of Twsteu, r•sponsibillil•s QPR IN THE COMMUNrrY TRUST The Trustees Ivth) are dso the ￿"reCtorS of QPR in thè Comrnunity Tru* ft)r the purposes of C￿panY law} arè responsible for prepariryJ the Trustees, r•wl an11 Iht financial Slalements in accordance wih aP￿Icable law and r8guiations. Q)mpany law requires Ihe Trustees to ￿Parfr finarrid slatemènts kn &ach financi81 year. Under that law the Trustees have el8ttéd toprepare thefnantial State￿￿nts in a¢￿dance with United Kirwom G•n¥rally Accepted A¢counling Pracbce (Unrted Khw AcctyJntiNJ siandard5 aTrd applrable ￿1. QPR IN THE COMMUNITY TRUST Trustees. report (incorporating the directors. rnport) for the year ended 31 May 2025 (continu￿) Under wrnpany law the Truste8s must rKJl ap￿￿ Ihe financi￿ statements (m￿$$ th•y ar• satisfiad that they givè a truè and fair view of the state of affairs of thè charrtable c¢)mpany 8nd the group and of the income and applKal*)n ol resourcés. i￿UdIr¥j the incorne and expendsthjre ol the charita￿8 group for th8t period. In preparir*J these finanaal stathents. the Tfttst￿ 8re rwwired lo: suilable acC￿nI1￿J Oiaes and applytrwn consk*nty. observe the meltw)ds and ￿ri*S in the Charitss SORP 2015 IFRS 1021" makejudgements and estimates Ihat are reasonable and WL*knt.' statewh81her ap￿icat￿8 UKA(xthntiTrJ Stsndards havebeen fd(Aved. 5ubiert lo any material departuies disdosed and eWaiTh8d in the fThncial statements.. prepare the fina[￿181 statements on the going ¢I)r￿n unbss li ￿ inappropriate to w&sumethat the Charrtab￿ conyany wil ¢xntinue in busiress. The Trustees are ￿S￿4)n￿ble for k8w.rg *quate xo)untiryJ rec<)rts Ihat arè suffiaent to shw and eX￿aIn th8 charitable ¢x¢mpany's and the group's transact￿￿ and disc105e with wsonable acturaty at any tsn* tha financial position of th8 charitable cA)mpany and the grcKJp an¢J enabk them to ensure that the financial ststements o)mpty wfth Iht COrnPan￿ Ad 2006. They are also responsibk for safeguarding the ass8ts of Ihg ¢haritable ¢ompany and the gr￿JP and hence I￿ takir¥J reasonabl8 Step5 for the prevwrt¥)n and ¢Jetection c fraud and other irreguLanties. 80 far as the Tntstees we avdr•.' There is no rethnt infom)atic* ofvknK*hth8 charitth r￿MpanY'S auditor is unaware", arnl The Trustees have takan all steps thatthey oughtto havetsken to make lhams&￿•S awar• ofanyfybvant audit informalion and to 851ablish thal the a￿lIc￿ is awa￿ of that information. The Trustees are rgsFK)nsib18 for the rna1nten8n￿ amd integnty of Ihe c*xpor*tr and finanual inftxMal￿n induded on the tharitable I>￿￿Y'S websrte. Legsktitin in Ihe United knnglom goveming the preparalJon and disseminat*)n ol fina￿￿ stat8m8nts may drffer from legislatson from legisLthrts in olhw juri5dicbons. Audltor saY￿￿11￿8￿t LLP was reatp)inted as the ffflarrial ￿1￿1. Small company provIsk￿• This rgP(rt has been in accordarte with Ihe s￿CIal WOVtsKJns tr Small ￿MpanIeS under Part 15 of the Companiès Act 2006. 4)proved by Ihg Bcord of Dyer1￿ w 2> May. signed Its L*haif by. Mr R Gnanalingam QPR IN THE COMMUNITY TrUST Independent Auditorfs Reportto the members ofQPR In The Communlty Trust We hava audrted the financial statèments of QPR in thè Ccthmunty Trust Ithe'charitable company'l for thè y•ar Énd￿ 31 May 2025 whth cornpri5e the statement of financkgl activits85, balan(* sheet, ststèment of eash fiows and notes to the financaal statements. includirrfJ signrfKant acuunbng OiC￿s. The financial reportiro framework that has been applied in thelr preparatK)n is applicable law and United Kingdom Accounting Standards. ineludlng FRS 102 The Flnancial ReportJ"ng Slandardapplicable in the UKandRep￿￿iG of Ireland Iunited Kingdorn Generalty Accepted Account'ng Pracbcel. In our opinion, the fin4nri81 ststements.. ve a true and fair ofthe state of the charitable company's affairs as at 31 May 2025 and of its incorning Tesources and application of resources. including its income and expenditure for the year then ended Have been proFerfy prepared aC￿r￿ance with un￿led KingJom Generally Accepted Accounb"ng Practice Havè bèén prèp8rad in a¢cord3nr* Tr￿th Ihe requirements of the Cornpanies Ad 2fM16 Basss for oplnlon We conducted our audrt in accordance ¥￿th IntematN)nal Standards ￿ Aud￿"ng IUKI IISAS {UKII and applicable 18w. Our responsibil￿.85 under those standards are lurther desthed in the Auditgrfs responsibilities for the audit of the financial statements sectron of our reF#NL We are indewdent of the charifable company in accordance vath the ethrcal feqLtirements ¢hat a￿ ￿levant to our audit of the financial ststements in the UK, including the FRC'S Ethical Stsnéard and we hav• lUffil￿d our othar èthical resF**)sibilities in accordanc• with these wuiremants. Wa bel*ve that th$ 8udil evKlen¢s we have obtsirted is $uffirAent arml 8ppropriat8 to provKle a basis for our Opini￿). Conclus5ons relatlng to golng conc•rn In 8uditing the financial slatèmènts. ￿ have conckjded Ihat Ihe tmstaas, use of thè going c£￿e0M basis of accounting in the prep8rat.on of the financial 5ts1ements is appropriate. Based on the work we have perfom*d, we have not Idenlfvd any material uncertainties ￿lalITh? to events or conditions Ihat, individualty or colledively, may cast Slgntficant doubt on QPR in the Community Trusvs ability to continue as a goir¥J (xjncem for a perKxJ of at knt ￿ monlh5 fr(xn when the finanryal statemgnts are authorised for issue. Our ￿sponsibl1￿95 and the res￿￿$11XlrfI8S ol thg Irustees with reSP￿t to 9oin9 ¢on(xm arg dgwbgd in the relevant sect*)ns of this repwi. Other Infomiatlon The other inforniation comprises the inforniation ir￿lUded in the trustees, annual re[￿rt, other ihan the financial statements and our auditor's report thereon. The trustees a￿ responsibk for the other infom)ation containeil ￿(hIn th8 annu81 r8W)rt. Our opinion on Ihg finan(xal statements does rK)t wver thg Qther informab.on 8nd. except to the extent othe￿iSe eXpl￿1￿Y 5ts1ed in our report. we do not express any form of assuran￿ conclusion thereon. Our responsibility is to read Ihe other infomial￿ and. in doing so. considèr whèther th& othar inlormation is matarially inconsistent with the financial statements or our kFthAedge obtainèd in thè course of thè audit, or othÈThvise appoars to be mat$rially mis$late(l. Ifwg idenb.fy suth material iEwnsi$ten¢Bs or apparent materi81 misststements, we are required to determine whether this give5 rise to a material misstatement in the financial statements th8nL8ofvès. If. basèd on the work wè havè ￿rf0m￿o. we condude Ihat thwe is a matgrial misststsment of this other inforrnalion. we are required to reFrt)rt that facL We have nothing to re￿t in this regard. Oplnlons on oth•r matt•rs prescr1￿ by th• Companl•s Ad 2006 In our opinion, based on th8 work undertaken in the course of th8 awlit.. The information given in the tnJslees' annual ￿pOrt for the ￿anUal year for whKh ihe financial statements are Prepared is consistent with the financial st*ements: and The trustees. annual report has been prepared in accordan￿ wilh applKable kgal r￿uirements. QPR IN THE COMMUNITY TRUST Independent Audltorfs Reportto themembers of QPR In The Communlty Trust (continued) Matt•r• on whlch ￿ are r•wlr•d to r•port by exc•ptloTr In the light of the krthvledg* and undarstandiThJ of thè chartsblè company and its 8nvironrnent obtain8(l in the urse of the audc we have not ￿entsfied material misslatements in Ihe trustees, annual rewrt. We have rKSthing to report n respect ofthe matters tn rdath)n to the Companies Aca 20LIS requires us to report to you rf, in our opinion". 4lequate acC￿nting records have been kepL ￿ relwns *JeqLth for ow a￿JIt have not been re￿IVed bra￿￿$ not ￿lted by us., or The financial statsments ￿ r￿1 n a9reerr*nl with Ihe aw)untirs re￿rdS and ￿￿M8. Certain discbsure5 of trustees, Te￿￿nerabrffi 5peufjed by kThv are nol made; or We have not rec4wed all the lnftTh49ti￿ and explanations we require ts our wthL' The directors were not entided io prepwe the firkanri￿ statements in accordance wth the small companies regime arKI takè advantsg8 of the 5rnall u)mpanies' exemptM)ns Trn W8F>arhrvJ th8 tru5t885' ?￿n￿al report frc¥n thè r8qUirem￿t to prepare a Strateg￿ R•sponsibilitl•s of Irust As explair￿1 more fvlly in the 51atem•rrt of trLtsttes' résp(ThiEMlitses s•t out in the trusteés. annual report, thè tnJst888 (who are akn the directors of the clwitst4e o)mpany for the p￿r[￿Se$ of company ￿wI are responslble for the preparation ofthe finanaal slatements aThJ fc* b&"rrfJ satisf*d that they give a true and faiT ¥￿, arHJ for such int8mal CLthI as the truslees deterrnine 15 r*cesswy lo enable the weparation offfinanryal statements that a￿ free from material M￿s1at8rnent. V￿￿lher￿ue to fraLwJ or 8rror. In pr￿arIng the financial statements, the truste&s TesF￿t4e k*a55e55ir#J lh8 charit8bk8 company's ability to ¢xJntinue as a g¢yng concern. disdosirwJ. as appI￿a￿e. matters rela￿ to going concem and using the going concern basis ol acc<)unting un￿￿ the trustaas *rthèr intend to IiquKlale thè charit*Aè cornpany or to eease ryrations. or have no realistic aliernatwe bvito Ik) so. Audllorfs r••ponslblllllo• forth• autht of th•llnandal •tatem Our obj'ectives are lo obtain reasonatAe aSSura￿e atL)Lrt whetherthe finarKk415tst8m8nls as a whole are free frorn nwtwial misstatem**, vthether due to fraud or error. and Io iSSL* an audrtorfs report that indudes our opinion. Rea50natAe a55uranc8 is a high level ol assurdnc8 but 15 rM)t a guaranlee thal an audit conducied in accordance wrth Isk IUKI ￿11 a￿ayS detect a material mlsstaten￿t when bt ext51s. MIsststem￿ts can arise from frawj c error and are consid8r8d material if, indmdually or in th8 agJr8gate, they wuld rea50nabty eXP8Ct8d to influence the economk ded$￿$ cl users taken basi5 of Ihese finanL?al statwnents. Irregularities, irKluding fraud. are i￿lan￿$ of n0￿COMplian￿ wlh lthvs arwj iegulatths. We deskJn procedures In tine wilh our resFKJn8ibil￿e$. atrKJve. to detect material rnisstatwnents in resFect of irreguknbes. including fraud. The extent to *thich LW prLxed￿eS are c¥ab* of de￿￿"Th) irreg￿lIti.e$. indudiYvJ fraud are set bal¢Jw. C•pability of th• audlt In 41e¢•ctlng Irrryul•rlllo In ldenb￿'ng and a$s￿1ng risks of material misslatement in resF*Ct of *wularib"es, hdudlng fraud and no eompliance wth L￿V￿ and regulations. our prcrèduras induded thè folk)wrwJ.' . We ewuired of Manag￿)ent. whith I￿lUd￿j obtalning and reviththng s11ppor￿tvj dc¢JJmentatlon, thicernlng the charty's Oicies aThJ procedures relatry to.. IdentyThJ. evaluatirrfJ. and c4N￿'r9 With laws and regulations and v•hether Ihey were awa￿ of any instsnces ol nOr￿￿￿rKe.. DelectiThJ and respondirvJ to the risks (rf fra￿1 and wtsther tw have kTr)wI￿ge of any actyal, suspected, or alleged fraud.. The intemal ￿nIr019 eslablthd to rnitwjate risks related to fra￿y w rrt)nty. for otJraudrt*t)rk. kn this roFL#t, or forthè opinions w8 hav• fc¥m*d. Joanna Pittman (Senior statutory a￿Jit(￿l Dale 28 May 2026 for and on behalf of Sayer Vincent LLP, Statrjtirfy AJJdit* 110 Golden Lare, LONDON. EC1Y OTG 11 QPR IN THE COMMUNrrYTRUST Statement of financial a¢tivities (incorporating an income and expenditure account) for the year ended 31 May 2025 FLY FIr￿.. 47&437 1.136.7f4) 41&491 1.1)38,385 47&7TO 65&>24 1,137. 41&491 1,036. 1.w.rA8 79.123 1.6W12 1.583.872 1h36.T26 Events 17.189 21.121 14226 19.458 1.581277 83.C65 1.164312 1.se8.K4 672&J 1,6S6.184 Totsl knc 2.rM.04B 74t.379 I￿￿18 2.W4.395 .174 2694.569 1537211 724.747 3261.957 2,071.17T 2.758.025 2.537211 724.747 3J61.9$7 1071.177 2758.W25 forlh•y•ar 1471.1631 16.632 166.7821 163.4&81 fund* 147F,1$31 1(132 14r•i.5311 1185 1.TrJ2.817 41•2Jg 47&B30 •39,362 AJI of the atrthe rnsuL% are deriv•1 frryn ￿linU1￿j The notes on pap 14 to 22 forn part fina￿la1 State￿ts. 12 QPR IN THE COMMUNITY TRUST Charity Balance sheet as at 31 May 2025 2024 Fixed ass Investmenls Tangible a35ets 10 45,742 45.743 40,982 Currnnt assets 11 224.881 858.343 Cash at bank and in haThl 1.272.416 1.1)83224 1.625.980 Cr￿lt0[9. amountsfalllng due within one year Net Current Assets 12 {6Y),137) 1727.6011 433.OB7 898.379 N•t ass•ts 478.830 939.362 Funds unreStr￿ted 13 418.239 60.591 895.402 43. 13 Total Fund$ 478.830 939.362 These financial ststements have been prepared in ￿)rdance the speaal provi&ons for small companies under Part 15 of the Companies Act 20C*. Approved by the Board of Directors 2T4 May 2026 and signed on its behaff by.. Mr R Gnanallng•m Trustee Company Ragislered Number.. {￿703178 The notes on page 14 to 22 form part of Ihese ffinancial Statem￿ts. 13 QPR IN THE COMMUNrrY TRUST Company Charlty Ststement of cash flows for the year ended 31 May 2025 2025 2024 Cash flo￿ from 0￿￿￿ti￿j Net incomelexpensel ￿ th8 ye 1460.531) 163.8301 Adjustrr* ts: 10.760 128.682 179,8511 10,175 1237.3241 3(Y),442 Deereas8llncr8asel in detrAry3 DecreaSellncraa￿I in uefk {400.940) 9,463 Purdwe of fixed assets 115,4561 16.7841 N•t eash u*ed In flnan¢lng a¢tlvAI•• 115.456) 16,7841 Change In ¢ash and cash •qurnl•nls kn th• rnportlng Cash and cash equiva18nts at te9innir¥J ofthe rew)rbr*J 1272,416 1.273.677 Cash and •qul¥alents at end of the 858 343 1,272,355 Th& Th)tgs on page 1410 22form pwt ofthese finaThia slat￿￿ts. 14 QPR IN THE COMMUNITY TRUST Notes to th• financial statements for the year ended 31 May 2025 ountlnq polld•s lal Thè thaneial ststem8nts have been wepw•Y in accordancE ¥wth the Statem&nt of Reca)mmended Practice: AccthJnlirKJ and Rewrkn"ng by Charibes preparing their accounts in accordanc8 with Ih8 Fin￿(1￿ RepcKtirwJ Standard ap￿1¢at￿e in the UK arKI Repu￿1¢ of If•land IFRS 1021 lèff8ctive 1 JanLWy 20191 {Ch8ribes SORP IFRS 10211. Ihe Financial Reporting Slandard ap￿¢¢able in the Unrted Kingdom and Repub￿¢ of Ir81and IFRS 1021 and the Companie5 Act 2D)6. Th8se ffinarKial ststements have wepared in GBP and rounded to the nearest pound. OPR in the ComrThJnity Trust meets Ihe definthon of a putrlK ￿tity under FRS 102. Assets and liabilities a￿ inrtolty recognlsed at historical cctst or transaction value unless otherwise slated in thg r818vant aCco￿ling notels}. (bl Going eothc•m The financial Staterr￿nts have been prgpared ￿ a g)ing concem basis. The Trustees have tha supportoflhe dubtoc0w￿rbUgtheT￿￿la5 a (xMcem. new wmmrtiees have been formed, costs are bwng Cut a restructhre in Fffiwss to ￿hart￿ the ability to Ix)ntinue as These finanoa stat*ments are no ILW ￿SCI*￿818d as the $ub3idwry QPR Trust Trading {dl Fund a¢￿Un￿n9 pollcy Restn"cted frjnds we funds Ihat can be usèd for rèstitted purpyJ58s, within the objeds of Ihe charity. Restrictions on irKome are Srwified by the donor or SFX)nsor. UN88tricW furKls any other ftJryl8. and these can be used ￿ acccrtancè with the parènt chantys objects, at the discrelth of Tntstee5. All inL>Jmè is r80)gni58d when the c*aEity is legalty enlitt￿ to the irKc¥ne. Ihe amount can be measured rdiatty. aThJ it is wobable that the irthme v•ill b8 reLwved. Ir￿orne for8 fuiure perirAI wll be deferred aThl rdeased in Ihe rdevant FrK)nlh. Grant incoffts 18 dassffied de￿KI1r￿J on the lemis of the ￿ant and where income relates to a od, speafiad by the donor. )vemancecosts are I￿ costs assrtith thé arrarMJem8nts ofthe tharitsble Company. vthith rdate to Ihe general runnjng ol the chanlable company as opposed to th058 eosts asxKkgted fUnthal￿n9 or Charits￿e aclmty. Induded thin thi$ category are costs ted with ts strategK as orwosed to day.ttrday man&jem￿t ol the chanty's actlvOtSes. Igl Flx•d Ass•ts and D•w¢lakn TaTrJible frxed assets are stakny ai cc6t less a(tumulated depyeoakn. Assets with an inthal eost of mcye than t1.(￿ are Ca￿￿1158d and Ir￿ded al c05L D8preciation is charged on a straight-lre basr6 and ￿ (akxAated so as to write off the cost of an asset. less rts estimated reswjual vahje. ¢)verlhtr ustrful economic lrfe tsfthatas5et as follows.. ITequipment-S years straight from the dat• of F￿r¢￿ Leasehc4der ImF$es. Contrd of the company is V8St8d in the ffembers. who are Ihe Trustees, collectively and there is rw) one over￿4 Contrl￿1rWj party. Funds Funds 3)24 Grants 176.842 163,114 138.481 639.651 18.673 816.493 181,787 138.481 716.285 218.110 103,3 Oonatiorts & Leg￿5 Gifts in lQnd 1.136,760 1231,144 Grants and support recefvwj indudè irthm8 from Prwnw Leye Charilable Fund. English Foolball LeagueTrust. Cty BridgeTrusL Brent Dowry hjnd. Middles•x F&. Willkqm Wates MenK)rial Tru*, , John Lyc¥) s Chaiity, - T￿nn1￿J, , Wembkny National S￿Ji￿rn TrusL L&Q housing, H(4￿aY arKI FLY)d lund. ng Charles 111 CorOnat￿n Youth Fund. T8sto Stronggr Starts. NvAf DeJ ft¥ Young Peop￿. Brent Crynrnunty Grant. West London NHS Trust and Fuknjm Gifts in ￿￿te$ to donated seNices received by the T￿￿ from the Foott)all dub. Thi8 indudes office spa￿, farilitses. IT equipment and SUPF*yL and marketiThJ supp(KL 17 QPR IN THE COMMUNITY TRUST Notes to the financial statements for the year ended 31 May 2025 Expendltur• *)n ¢harltabl• aetlvttits: Total 2025 Total 2024 Fund¥ Coathing a c￿￿Se$ Direct LY)sts 452,210 1.569.233 377.288 73.257 614.168 37.321 525.467 2.183,401 414,609 138.481 3261.957 651.351 1.670,670 332.014 103.3 2,758,025 Empl)yThent Cc6ts 6 Supm cuts Gifts in kirml 138.481 2.S37.211 724,747 AJI direct. emF*ment and SUP[￿rt o)sts Ir￿J￿ed are deemed to have b•8n incwrèd for thè ￿rp￿98 expenditure on raising funds. Support Co¥ts Total 2025 Total 2024 Funds Funds Adrnini5tration & clke 113.376 213,420 11,975 38.517 4.751 32.570 118.127 245.￿) 11.975 38.S17 198,123 99,501 11,150 Travel Bank charges 23,240 3n.288 37.321 414.609 332,014 202S >J24 Wages and salaries ScKial secuiity ¢))sts Pension L)xts 1.801,399 162.871 56.074 2.020.343 1.503,122 123,11Yg 44.439 1,670,670 18 QPR IN THE COMMUNITY TRUST Notes to the financial statements for the year ended 31 May 25 Exp8nse$ totallirg £nil12024: £nrf) were rnin*#Jrsedto Trustee5. No remuneral•)n or be￿ ￿ kn.nd wer• paid to Trust•ès12024: £nill. One ernFth)yee eam•d boiwe•n tf4J.l)J(k£69.99912024.. 11 No R8dund*yor ex-gratia payrnents12W24: rfl. The key managernent per50Md ar8 the Trustees and the Chief Exeurtwe who is also the Secrelary. Key management personnel totsl benèfits ¢m￿0yer ￿nIr11￿jtlons wwe £76,296.6212024.' £76,296.62). Thè company operat85 a defined ¢>)ntrilxrtth)n Sche￿ and al staff are eligitAe fvr a contributs'on from the cunpany 4% of theFrgross salary {￿epe￿18rrt on a minwnum pw8c￿al ¢>)nlrt)ution of 3.2%). average nurnter of tor50ns employed by the Tnjst d￿r￿j thè ￿. andysed by c81egory were as 2025 2024 Nunknr 43 TtrnFffjry crAthry stsff ¥I￿nI1 Athir4stration 49 97 N•t mov•mont In fur¥ls 2025 2024 Chargi￿.. Auditorfs remuneTatM)n leXd￿j1)g VAD 16.5th) 10.110 Doprec4*n 10,760 10,175 20.275 Taxatlon 19 QPR IN THE COMMUNITY TRUST Notes to the financial statements for the year ended 31 May 2025 The company owns 1¢XN of the r￿inary share caFital ol QPR TrLKSt Tr*ling Limited. a company incorporated in England & Wakn. Th8 wrKipal actmty of QPR Trust Trading Limited is to raise funds for Ihè cornpany. QPR Trust TradiThJ Limited had a tumovar of £nA d￿Ing th8 peric*Y12023: £nill. with profits of £nil12023.. £nill bwrwj ¢knated to Ihe Tnjst At 31 May 2024 QPR Trust Tr&JirvJ Lirni￿ had net assets 01 £1 12023.. £1). 10 Tanglbl? Assets Company Leaseholder EquI￿l￿nt lrnprovement• Total Funds Cost As 1st Jur￿ 24 Addthons 36.911 15.456 At 31st May 23 ￿367 41.366 78,277 Depreciatic4) As 181 June 24 24.886 12.410 37,296 Charges ts Ihe year 6.621 4,139 14549 At 31st May 2S 48.056 NBV At 31•t May 2025 24,818 45,742 At 31st May 2024 12.025 28.956 40,982 11. D•btoY* 191.929 31221 3.087 {1.3571 224881 314.731 17.571 21,738 14771 prep8￿rrtS Ottw debtrys QPR IN THE COMMUNITYTRUST Notes to the financial statements for the year ended 31 May 2025 12 Cr8dltorn'. ￿Ounts falllry du• wlthln one Trade cxeditors 47.449 &5.670 526,807 158237 3.629 491,630 60.725 apR HddiThJs Ltd 652.063 727,601 Brnakdtwm 0fdelerr￿ Inco 2024 ht foTh¥ard Relgased In Year Deferred In Ye 485.031 148*0311 301577 {302,5771 485.031 485.031 13 Stat•m•ttt ofFund¥ 2025 Charflable Conyany Fund at Fund at end of year Unr•$trlct•d Funds 2537211 418 239 R¢¥trfct¢d Fund• Extra Time 39.91 39.916 PL Ki(*s Y&C 366.921 3e6.¥21 PreM￿r Leaguè Schools & Sports Project Tigw Cubs Heallh Proigcts Empl)yabilty and Education Prtyeets Sport Session Grants No10 Fou[￿atiOn 245.030 245.0 34,941 8.730 18,309 8.730 16.632 42.727 1.235 1235 Total rnstrlct funds 741.379 724.747 16.632 60,591 Total lund• 2.801N27 3261.958 {480.531) 21 939,362 478.830 QPR IN THE COMMUNrrYTRUST Notes to the financial statements for the year ended 31 May 2025 Stalem•nt ofFunds 2024 Charttable IContlnu•dl Expendttur Not In¢om• Fund at Trans Fund at end ol year tkny•ar Unre•trlct•d Funds R•strl¢tsd Funds Extra Tirne PL lfjcks, Y&C& BKJ Lott Pfern￿r L•aguè Schoots & Spcffts Prcyect Tigef Cubs He<h Projects Employabilty and EducatK)n Projects s￿￿ Sassion Grdnts No 10 FOundat￿n 49.350 49.350 {1) 3612rJ 361,223 161.913 161.913 21.707 19.910 18,381 19.910 3.327 42,727 76.071 76.071 {1) Total r•strlct•d funds 690,174 fj86.847 1327 40.633 43,961 Total fvnd• 2,694,569 2,758.025 (63,456} 1,Ix12.817 939,362 QPR IN THE COMMUNrrYTRUST Notes lo the financial statements for the year ended 31 May 2025 Purpo9 ol transfern Th$ transfery above repyesent the akxatkm ofsupt*yt and govemarts costs not aIrtst￿l in prevhyjs y￿s. Purpos• of•ath fund: Extra fima Proiecv Hub ClutL8- to delNer S￿la1 irTrthsitin and physh71 ￿trYIty pYDJramme lo Ihè ovw 65,8, suppcthd by Cty Bridge Trust and Hyde Chawitable Tnjst. SKYbèUEFL grant and malth my proj'ect. to run an ovar 6S'8 club in Brent aThJ conkn.nuè the woiecl at ￿ Slad•Jm vnth a 4th 5e5won in Uxbridge. PL lfjcks, Y&C.- lQ¢ks ig a Pr8mier League proJ"ects- to use thè of frM*ball lo engage youro peo￿• in construciive and posibve a¢trvitses. New Dea fcyyoung PeorAe Propel fvnd suppc¥t•d Ih8'On the bal. w0j￿1 which helF6 elNkJr8n and ywThJ peopl8 io fvlfil their potenknal, Ihrough Ment￿r￿j and $UPF￿rt Willrdms Wat8s Memorial Trust pw¥YJutl luThlir¥J to conbnue this mentoriro prcyect 1 day perwggk reathing young peoFle adult in thwr lrfe tn WOmTh￿ Scwubs pathway. The T￿nnIng Project is a parln8rship between HM Prison and PrclAtKJn IHMPPSI atKS professic¥)al football club5. We dekver a football coaclmng qualifKation with the aim to improve their mental and physical health, wellbeing and obtain a qualfficatK>n whith wll help improve Ih8ir life chances and gain employment on r818a58. Premier Lgague Primwy Stars IPLPSF us8s Ih8 aprwl of the Premw League arKI professirm81 fo(Xball dubs to inspire chibjren to leam, b8 actwe and devebp important lrfe skill5. rwJer Cubs- to provodè a lojlbdl team children and yc*w)g p•c*)be vrilh Syndrome. Heatth Projects. Money tr￿￿ the EFL￿￿￿er for & Leam Joy of r¥k)vement project ourfamlly cook and eat se55ions at Phoenix school running every o¢h8r Saturday was supported by the Tèstos Stronger Starts grant. Sport ENJland Mov8m8nt fund Sup[x)￿j a femde onfy fith•ss seSSk￿. Employatxlty and Educalion Prq8cts- Fundw¥J from Pfertjer Lewe Ir￿￿"re5 to the apr￿ ofthe Prernier League and wole5sional football clubs to support 11-2&year-olds who are marginalised or at rtsk of not reaching their potential.. suppoitiro them as th8y move Ihrough the educat￿ system ahd earfy 8dutthood. Premier League core funding h*s to key stsff as saf*guardiThJ. EDI and comms. John Lyon's Chaiity lunds w fern* gartrJs ar¥J Sexu￿ expl(Mtatw)n staff member and delivery. They also supported a Replcate prc¥e¢( a new ￿r*S session in Brent Funding from the GLA and M¥Jdl8s8x FA $wJrAwled our staff meftknr Iqrn wlvj is our Female Refugee officer, delivering fernale rehryeg 8essMM in Brent. PL Fan5 Fund R NewJhtrN)urs is aWl￿d at harre53ry the power offoolball lo 8ryage vthh the local mmunity and fans arKI provKle valuable SUPFth. se￿￿$ and opporlunrti85 to enhance their wellbeing. Holiday and F