REGISTERED COMPANY NUM8ER: 06627591 (England and Wales) REGISTERED cHAR￿y NUMBER: 1130773 Report of the Trustees and Flnancial Statements for the Year Ended 30 June 2024 Preston North End Community And Education Trust Mcmillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenu& Matrix Office Park Buckshaw Willage Chodey Lan¢ashire PR7 7NA Preston North End Community And Educatlon Trust Contents of the Financlal Statements forthe yoar gnded 30 June 2024 Pag• Report ofthe TNstts8 R•port of the Independent Audltors 8 to 11 Stalement of Flnancial Activitios 12 Balanco Sho•t 13 Cash Flow Statem•nt 14 Notes to the Cash Flow Statément 15 Note$ to the Financial Stat8m•nts 16 to 24 Preston North End Community And Education Trust (Registered number: 06627591) Report of the Trustees for the year ended 30 June 2024 The tnjstees who are also directors of the Charity for the purpostss of the Companies Act 2006, p￿sent their report with the finaricial slalements of the charity for the year ended 30 June 2024. The trustees have adoptèd the provisions of Accounting and Reporting by Charitses.. Siatemenl of Reummended Pract￿ applicable lo charities preparing their accoun15 in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objgctives and aim5 Thè principal activity of the Charity 15 to utilise the power of the Preston North End brand and football to address.. the advancement of education (including soual and physical training) of people in thè Northwest In such ways as the ch8rity trustees think fit, including by (but without prejudice to generality of the foregoing) the provision of bespoke qualifi¢8tions and degree qualrficabons, courses. facilities and dasses for leaming and development as well as the provision of training COUT5es and programmes.. the advancement of health by {but without prejudice to the generality of the foregoing) conducting blood pressure testing. the provision of health and wellbeing activities and inhialives su¢h as weight managefflenl courses and the promotion of healthy lifestyles., the reliel of those In need. by reason of youth, age, illthealth, disability, financial hardship or other disadvantsge. and to provid8 or assist in the prowsion of facilities in the interesis of social wèlfarè for recreation or other leisure time Dccupation of individuals who have need of such facilities by reason of their youth, age, infirmity OT disability, financial hardship, or social circumstances with the object of Improving their conditions of life. Public benefit The trustees have given due consideration lo the Charity Cornrnission guidance on the operation of the Public Benefrt requirement. All of our charitabl6 activities enhance people's live5, SUPPOrt mental and physical wdl-being and provide a 'value added" service to the whDle community without reference to ra¢è. sex, creed or social background and are undertaken to further our charitable purposes for the public benefit. P898 1 Preslon North End Community And Education Trust (Registered number: 06627591) Report of the Trustees for the y8ar ended 30 June 2024 STRATEGIC REPORT Achièvement and perfomianc8 Charitable activttle$ The Tru51 has had another year of growth and success expanding its programmes across Preston and the surrounding areas. 2024 saw the Trust grow lo 52 ernployees, investing in excess of £1.7million into the Preston Community across its three strands of work. The last 12 months hav8 once again been economically challenging as a result of the rising cost of living. Oespite this the Trust was able to continue to deliver programmes centred around the needs of our community, which over 15.000 peopl8 bèn8fit•d from. In 2024 the Trust launched its new and ambitious strategy #NorthEndTogether. This new thre&year strategy will guide us to continue addressing the ever-grtiwing needs of the comrnunity. We are committed to developing a comprehensive and divers& range of programmes. providing the best opportunities for members of the community. We ar8 also committed to infom) the public about our services and oprK>rtunities 8v8i18ble to them. The Trust has continued to expand the numbers of people it delivers Se￿CeS lo and to expand thè s&rvices available. Our key projects delivered during 2023124 have begn.. Communl ement Pr￿n1•r L•ague Kicks- The Premier League Kicks progr8rnme is funded by the Preml8r League and uses the power of football and sport as a whole to provide free diversionary activities for 8 to 18-year-olds across Preslon. Detached Youth Work The Detached Ywth Work programme is an evening-bssed intervention programme targeting areas acmss Preston, Chorfey and South Ribble with diversionary activities to prevent young people be¢ximrg involved in crime and anti-soaal behawour. Champions The Champions programme aims to r8duce the Teoffending rale in L8ncashire amongst 8-25-year-olds by working wlth Champions mentors to address their behaviours related to Grime and anti-social behaviour. National CitlzÈns Service- The National Citizens Service programme is a govemment-backed Inillalive that gives 15 to 17 year-olds the opportunity to build their conffdenGe 8nd independence whil£ dev81oping life-skills on either a summer or autumn programm8. Equality Divèrsty and Inclusion Working across the EDI landscape this area of work focuses on deliverfng initiatives centred (n building integration and cohesion within our community. Match Day Experlence - The Trust facilitates a range of activities on a match day to help fans engage with the football club. These ranqe frow a Junior Whites junior supporters club, a family room, half-time èntertainment, blrthday parties and mascots. Education and Em ablll School Sport I Premler League Prlmary Stsrs The School Sport I Premier League Primary Stars programme combines maths and literacy concept5 into children's PE Lessons, wth PNECET staff involvement improving tha qualty of lessonsand standards of teachlng. After-school Multi4port Club - SlmSlar to the above, these extra-curricular based sessions deltver a range of engaging and fun sports to IoG41 primary school children. Sessions allow children to take part in a varièty of activitigs in addition to those provided in tho school Cuthculum, which has great benefits to physical and mentsl health. Altgrnative Education The Secondary School Provision Programme targets hard-to-reach Key Stage 4 students vtho may struJgle with a lack of confidencè or self-esteem in a wnventional school environment. Page 2 Preston North End Community And Education Trust (Registered number: 06627591) Report of the Trustees for th• yèar ènded 30 June 2024 Preston Centr• of Sporting Excellence - A partnership bètween PNECET and Preston's Col￿ge. the Preston Centre of Sport Excellence provides high quality further education programmes in sport for 16-19 year-old5, from levels one to three. Unlversity of South Walès Foundallon Degree- In conjunction with the University of South Wales and the English Football League Trust, PNECET offèrs 8 foundation degree coursè in Community Football Coaching and Development, which can be extended to afull degree qualification. Invest in Youth Youth employability programme for those economically inactive. Providlng the knowledge and tools to help move people closer lo ernploym8nt. Health and Wellbeln Welght Management - Our Weight Management programmes lake men and women aged 18+ on a health and fitness joumey with educational dasses and physical activity sessions once a week over a minimum 12-week period. PNE Forces - The PNE Forcès programme brings together pasl and prgsent mernber5 of tre rnilitary and their families for a weekly SDcial hour and football gessions, as well as signwsting them to local community services where required. Walking Football - An initiative launched to see over 50's re-8ngage wth a 5POrt where the malnslream game is beyond their limitations, due to health or age. A replication of the five-a-sid8 game, but with no running allowed. Walking Football is now an esiablished programme and has rea15y helped us diversty our Service and reath the older g8n8ration very successfully. SportlDg Mèmories - PNE Sporting Memories programme is an Initiative which 8upports peoplè over 50 who are living wilh dementia, depression or suffering from loneliness. The programrne aims to help people r8minisce about prewous memories. èxpèri8nces or moments in their livès through the power of sport. Sports memorabilia, past Sporting events, physical actiwties. quizzes and guest speakers are usèd to create discussions around SPOTbng events and memories. M¢ntal Health Programmes - Our mental he81th programmes support both young people in an educalion setbng and 8dulls who are experiencing challenges with Ihelr mental health by providing them with unique opportunities in the clth's professlonal sporting environment and p88r lo peer 5UPPOrt. Hollday Activity and Food Programn*- This initi'ative supw)rts childr&n and families who are in rg¢9iPt of free 8Ghool meals by providing freea￿1VItse$ and food for the children to access during the school holidays. Hollday Soccer CampslActivity Clubs- The final part of our all year round engagement with primary school child￿n, running the full day during school holidays. Provision is provided at an affordable rate, available to all. Children can atten(J the footbdl-5pecific activities or our activity club fijll of multi-sports, arts and crafts. other Club Activities The Trust currently delivers a number of Activities for the Club, induding organising all charity requests, matchday activiti8s, player requests, PFA (Professional Footb811g¢s Association} respon%bilily for player engagements In the cornmunity and tours of the stadiurn. These ensure that the football club is ￿nsidered a family dub 8t the heart of it5 ccmmunity. The Trustees appreciate the efforts of the stsff of the TTU5t in their continued hard work and commltment to the various projects. The Trust has grown substantially in rè￿nI years and the Club r8wgnise5 the support the Trust gives lo ensure it is wèll r8ceived by its local community. Page 3 Preston North End Community And Education Trust (Registered number: 06627591) Report of the Trustees tor the year endèd 30 Jun¢ 2024 STRATEGIC REPORT Flnancial reviéw Flnanclal posltlon Total incomè for the frust increased to £1.705.527 {2023.' £1.491.054). with increases in donations and legaciés, health and wellbeing and community engagement offsetting a reduction in education Income. Th6 Trust recorded a surplus in the yearof £94,43812023.' £61.3901, a dosing cash balan¢9 of £981.146 {2023- £833,586} and total fvnds of£885.430 {2023.. £790.9921. Resekves policy The Trustèès have considered the Ch8rity'5 policy in Tespecl of rasarvas. The Trustees have set a target of retaining at least six months of total expenditure lexduding depreciation) in cash reserves lo provide financial security to the Charity in the event of unforeseen reductions in avallable fvnding which may arisa from lime to timÈ. Based on the figures to 30 June 2024. this amounts to approximal8ly £800,00012023'. £700,000). The balance held at the end of the year of £981,14612023.. £833,586) meets this tsrgel and the Trustees w511 continue to monitor this position. The surplus for the year of £94,43812023: £61,390) was transferred to rese￿e$ and added to the brought forward surplus of £790,992 I2023-. £729,602). The total fijnds carried lon￿ard of £885,43012023.. £790,992) wlll be used in future years to meet the objectives of the charity. whilst hawng due consideration to meeting the stated reserves tsrget above at the discrglion of the Trustees. Prlncipal rlsks and uncertalnties Cost of Llvlng We a￿ ¢onlinuing to monitor the impact the rising cost of living is having on the charity and the programmes we offer. To date we have been able to Tevise our d3livÈry by making suitabSe and cost effective decisions to nsure our programmes remain a￿SSible. In surnmary. we are tsking appropriate operational and financial decisions so that we Gan continue lo m88t the of our beneficiaries whilst ensuring the long-lemi viability of the Trust. Futur¢ plans The end of 2023 drew a close on the 2020-2023 Strategy. whith has proved to be very successful period for the Charity. 2024 marked the start of the 2024-2027 strat8gy #NorthEndTogeth8r. This new and ambitious stralegy wlll guide the charity through an ever-changing landscape as we continue to address the comTnuniti@s nèeds through our programm8s. Our vision Is simple, lo enhance lives and our communitie5. The Trust will continue with its ambitions of developing additional facillties, which will provide fLJrther space to expand our programmes, in tum poS￿.ve1Y impacting more people from across our community. The Trust aiffls to continue lo deliver 811 of the above prog¥ammes and try to increase the number of partiupanis attending. In 3ddition. the Trust will wntinua to look for new funding opportunities to help mèet its o*'eclive of offering innovative programmes to reach a diverse range of individuals in the local community- STRUCTURE. GOVERNANCE AND MANAGEMENT Governing do¢umenl The charity is controlled by its governing dcKument, a daed of trust. and constittJt8s a limited company. limited by guarantee. as defined by the Companies Act 2006. The Company is registered the Charrty Commission. The company is yov8rned by its memorandum and artides of association which were amended during the year to reflect the Charivs operations more accurat8ly. The Company was incorporated on 23 June 2008. The TrustB85, who are also directors lor the purposes of company law, present their report and financial ststements for the ygar anded 30 June 2024. Page 4 Preston North End Community And Education Trust (Registered number: 06627591) Report of the Trustees for the y8ar ènded 30 June 2024 STRUCTURE. GOVERNANCE AND PAANAGEMENT Organlsatlonal structure The day to day management of the Charity is undertaken by the Chi&f Executive Officer and the Dèputy Chief Execub"ve Officer who are supported by th8 Senior managemenl team. This is overseen by the Board of Trustees, which is Chaired by Kevin Abbott. Inductlon and tralnlng of now trustse8 New Trustees are appointed by resolLJtion of the Trustees, in accordance with the provision5 of the Articles of Association. All new Trustees appointed in th$ year are farniliarised with their statutory responsibilities, their role as Board mèmbers, the govemance framework within the Twsl, the worf( of th8 Trust and the risk environrnent. Ongoing training is arranged as and when the need is identified. Relatod part1•5 The following companiés ar8 considered related parties.. Preslon North End Football Club Limited Preston North End Limited There ar8 limited transactions befvjeen the Trust and thes8 companies, which are disdos8d in the notes to these accounts. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 06627591 (England and Walasl R•glstÈred Charity number 1130773 Reg15tered offic• Preston North End Football Club Sir Tom Finney Way Deepdale Preston Lancashire PR16RU Trustees Kevin Abbott- Chair Dc>re8n Hounslea - Deputy Chalr Bryan Gray Benjamin Rhodes Dr Adrian Hamilton Zafar Coupland Paula Wllson Sharon Asquith (resigned 25 January 20241 Thè Tru5t8es aGt as director5 for the purposes of company law. Company Sècretary KM Abbotl Paga 5 Preston North End Community And Education Trust (Registered number: 06627591) Report of the Trustees for the year ended 30 Jun• 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditors Mcmillan & Co LLP Chartered Accountan15 and Statutory Auditor 28 Ealon Avenue Matrix Office Park Buckshaw Village ChoAéy Lan¢ashire PR7 7NA BANKERS Barclays Bank PIC 38 Fisheryale Preslon PR1 2AD STATEMENT OF TRUSTEES. RESPONSIBILITIES The ITUSlees (who are also the directors of Preston North End Comrnunity And Education Trust for the purposès of corrbpany lawl 8r8 re5pon5ible for preparing the Report of Ihe Trusteos and the financial statements in accordance with applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generally Awpt8d Accounting Praclicel. Company law requires the trustees lo prepare financial statements for 8aGh finanGial year which give a true and fabr view of the state of affairs of the charrtable cc>mpany and of the incoming resources and application of r8sourc8s. including the income and expenditure. of Ihe tharitsble ¢(￿panY for that pericNJ. In preparing those finanaal statements, the trustéès are required to select suitable accounting polici8s and then apply them consistenUy-, observe the methods and principles in the Charity SORP". make judgements and èstimates that are reasonable and prudent- prepare the financial staternènts on the going concern basis unless il is inappropriate to presume that the charitable company will conts'nue in business. The trustees are responsible for keeping proper accountlng records which disclose with reasonable accuracy at any lime the financlal posillon of the charitable company and to enablè th8m to ensur8 that the financial statements comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charftable company and hen￿ for tsking reasonable steps for the prevention and detection of fraud and other irregulariti8s. In so far as the trustees are aware.. there is no relevant audit infomiation of which the charitable cornpany's auditors are unaware,. and the trustees have taken all steps Ihat they ought to have tskon to make themselves awar8 of any relevant audit infDmiation and to 8stablish that the auditors are aware of that infomation. ALIDITORS The auditors. M¢Mlllan & Co LLP, wlll be proposed for re-appointment at the forthcoming Annu81 General Meeting. Page 6 Preston North End Community And Education Trust {Registered number: 06627591) Report of the Trustees for the ￿ar onded 30 Jun• 2024 Report of the trustees, incorporating a strategic re￿1. approv8d by order of the board of trustees, as the company dlrectors, on 23 January 2D25 8n¢J slgned on the board's behoif by.. KM Abbott- Trustee Page 7 Report of the Independent Auditors to the Members of Preston North End Community And EduGation Trust Opinion We have audlted the financial statements of Preston North End Communty And Education Trust Ithe 'charitsble companll for the year ended 30 June 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Staternent and nc)tes to the financial stalements, including a summary of significant accounb'ng policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounts'ng Practice). In our Ot￿nIOn the fin8nu81 statements.. give a true and fair view of the stsle of the charitable company's affairs as at 30 June 2024 and of its incoming resources and application of resources, including its income and expènditure. for the year thèn ended., have been properly prepared in accordance with Unit8d Kingdom Generally Accepted Accounting Practi￿. and have been prepared in accordance with the r8quirernents of the Companies Act 2006. Basls for oplnlon We conductèd our audit in accordan￿ wth International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilib.es under those standards are further described in the Auditors. rèsponsibilities for the audit of th8 financial stslements section of our report. We are indepèndent of the charitable company In accordance wth the elhical requirements that are r&l8vant lo our audit of the financial ststernen15 in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We belie￿ that th8 audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons r*latlng to going concern In auditing the financial statemenls, we have concluded that the trugte8s' use of the going concem basis of accounting in th8 preparation of the financial stat8ments is appropriate. Based on the work we have perfomied, we have not id8nlified any material uncertainties relating to events or Eondith"ons that, individually Dr colleclNely, may cast signifiGant doubt on the chariiable companvs ability to continue a5 a going concem for a period of at least ￿e1ve months from when the financial statemants are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going ¢onGern are described in the levanl sections of this r8POrt. Othèr information The trustees are responsible for the othèr informabon. The othèr information cornprises the inlomialion induded in the Annual Report. other than the financial statements and our Report ol the Independent Auditors thèreon. Our opinion on the finanual statements does not Cover the other inforniation and, except lo the extent olhetwise explially stat8d in our report, we do not express any form of assurance conclusion thereon. In connection ￿th our audit of the financial statements. our responsibilty is to read the other information and. in doing 80. ￿nSIder whether the other information is materially inconsislenl wth the financial stat8ments or our knowledge obtained in the audit or glherwis6 appear5 to be materially misststod. If we identify such material inconsistencies or apparent material missiatemenls, we are required to determine whether this gives rise lo a material misstatement in the financial stalemants themselves. If, bas8d on the work we have perfomied, we condude that there is a nlaterial misstatement of this other Information, we are required to report that faci. We have nothing to report in this regard. Oplnions on othor matters prescribed by thè Companres Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the Irrformation given in the Report of the Trustees for Ihe fin8nual year for which the financial ststements are prepared is consistent wth the financial stat8menls- and the Report of the Trustees has been prepared in accordance wllh applicable legal roquirements. Page 8 Report of the Independent Auditors to the Members of Preston North End Communlty And Education Trust Matters on which we are required to report by •xc8ption In Ihe light of the knowledge and understanding of the charilable company and ils environment obtslned in the course of the audit, we have not identified material mlsslalements in the Report of the Trustees. We have nothing to rewt in respect of the followng matters Whe￿ the Companies Act 2006 require5 us Io report to you if, in our opinion.. adequate accounting records have not been kept or ￿turnS adequate for our audit have not b8en received from branches not visited by us; or the financial statements are not in agreement with the accounting records and retums., ¢y cèrtain disclosvres of trustees, remuneration speclfied by law are not made,. or we have not recelved all the infomialion and explan8lions we require for our audit. Responsibilitios of trustèes As explained more fully in thè Slalemenl of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes r)f company law) are responsible for the preparation of the financial slalements and for being satisfied that they give a true and fair view, and for such internal control as the trustees delemine is necessary lo enable the preparaknon of finanaal stalements that ar8 fr88 from material misstatement, whelher due to fraud or error. In preparing the financial ststémenls, the trustees are responsible for assessing the charitabl8 cumpany's ability to continue as a going concem, disclosing, as applicable, matters related lo going concem and using the going con￿rn basis of accounting unless the trustees eithèr intend to liquidate the charitable company or to ceas& oporations. or have no realistic alternative bul lo do so. Page 9 Report of the Independent Auditors to the Members of Preston North End Communlty And Education Trust Our responslbilltles for the audit of the financial statements Our objectives are to obtain reasonable assurance aLy)ul whether the financial statements as a whole are free frorn material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion_ Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI wll always detect a material rnisstalement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reastsnably be 8X￿¢t•d to influ8ncè th• economic decisions of kJs•rs taken on Ihe basis of th8s8 financial stslements. The extent to which our procedures aTe capable of detecting irregulaTilie5, including fraud is detailed below.. Our approach to identfying and assessing the risks of material misstatement in r8sp8Ct of irr8gularities. induding frav(J and non-compliance with laws and regulations, was as follows.. the engagement partner ensured thal the engagernenl team collectlvety had the appropriate ¢ompèlenc8, capabilit18s and skills to identify or recognise non-compliance with applicable laws and regulations., we identified the laws and regulalon$ applic8ble to the company through dsscussions with directors and other managemenL and from our commercial knowledge and experience of the sector., w& fouJsetJ on specific laws and regulations which we considered may have a direct material effect on the financial stslements or the operation5 of the company, including the Corllpanies Ad 2006, tsxats'on legi5181ion and dats prole¢tion, anti-bribery. employment, environmentsl and health and safety legislation- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correstK)ndence,' and idenlrfied laws and regulations were communicated within the audit team T8gulaTly and the team remained al8rt lo instsn¢es of non-complian¢e throughout the audit. We assess8d the sus¢epllbS1ity of the company's finandal ststements to materi81 misststemenl, including obtaining an understanding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptibilityto fraud. their knowledge of actual, suspected and alleged fraud,. and considering the int&mal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To addre$s the risk of fraud through managemènt bias and ovarride of controls. wè= perfomied analytical pro¢edur8s to idèntify any unusual or unexpected relationships,. 8nd Èesled joumal entries ID identsfy unusual transacts'ons. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included. but were not limited to.. 8gr88ing finanti81 ststement disclosurès to underlying supporting dttumentation.. reading the minutes of meetings of those charged with govemance.. enquiring of management as to actual and potential litigation and claims,. and reviewing correspond8ncè with HMRC, relevant f8guk4tors including thè Health and Safèty Executive, and the C￿mpanY'S legal advisors. There a￿ inherent limitations in our audit procedures described above. The more removed that laws and regulatlons a￿ from financial transacti¢)ns, the less likely it is that we would become 8W8re of nonl sports programme Community engagement- reslrdted activitie5 123,1461 1479.2461 1108,1301 123,1471 98,825 216.768 578,071 324,898 115.301 115,301 1,018,269 1610.522) 407,747 TOTAL FUNDS 1,491.054 (1.429,6641 61.390 Thè restricted funds are as follows.. Natlonal Cltizen Service- This is a nalSon81 Campaign. NCS is a once4n-a-Ilfelime opportunity open lo all 16 and 17 year oils, that helps to build ski115 for Work and life. Education We offer a post 16 tull-time education programme for sthool leavers to study at the Football Club and earn a Level 2 or 3 Extended Diploma in Sport. Page 23 continued... Preston North End Community And Education Trust Notes to the Financial Statements - continued for the y•ar ended 30 June 2024 15. MOVEMENT IN FUNDS - continued School sportslPremler League - These funds cover a range of acllvhles ftjnded by schools and the Promier League to inCTBase ￿gagement and attainment. Any SUTplus of the restricted funds can be transferred to general funds once the servic? ha5 been delivered. Additional information on each fund is set out in the Report of the Trustees. 16. RELATED PARTY DISCLOSURES During thè year. the Trust made purchases in relation to IT and facilitiès costs from Preston Norih End Football Club Limitad of £65.06012023.. £111.8671. These costs were recharged at cost, having been incurred by Preston North End Football Club Limited for administrative purposes only. The b81ance owed al the year end was £15.000 débtor12023.' £3,364 credilorl. The Trust also m8de payments lo Preston North End Limited for rent and associated costs of £47,520 12023.. £47,5201.The balance owed at the year end was £nil 12023.. £nill. Page 24