Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
REGISTERED COMPANY NUMBER: 06627591 (England and Wales) REGISTERED CHARITY NUMBER: 1130773
Report of the Trustees and
Financial Statements
for the Year Ended 30 June 2025
for
Preston North End Community And Education Trust
McMillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Contents of the Financial Statements for the year ended 30 June 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 7 |
| Report of the Independent Auditors | 8 | to | 11 |
| Statement of Financial Activities | 12 | ||
| Balance Sheet | 13 | ||
| Cash Flow Statement | 14 | ||
| Notes to the Cash Flow Statement | 15 | ||
| Notes to the Financial Statements | 16 | to | 23 |
| Detailed Statement of Financial Activities | 24 |
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Report of the Trustees for the year ended 30 June 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activity of the Charity is to utilise the power of the Preston North End brand and football to address:
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the advancement of education (including social and physical training) of people in the Northwest in such ways as the charity trustees think fit, including by (but without prejudice to generality of the foregoing) the provision of bespoke qualifications and degree qualifications, courses, facilities and classes for learning and development as well as the provision of training courses and programmes;
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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 initiatives such as weight management courses and the promotion of healthy lifestyles;
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the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage; and
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to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship, or social circumstances with the object of improving their conditions of life.
Public benefit
The trustees have given due consideration to the Charity Commission guidance on the operation of the Public Benefit requirement. All of our charitable activities enhance people's lives, support mental and physical well-being and provide a "value added" service to the whole community without reference to race, sex, creed or social background and are undertaken to further our charitable purposes for the public benefit.
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Preston North End Community And Education Trust
Report of the Trustees
for the year ended 30 June 2025
STRATEGIC REPORT Achievements and performance
Charitable activities
The Trust has had another year of growth and success expanding its programmes across Preston and the surrounding areas. 2025 saw the Trust grow to 56 employees, investing nearly £1.8million into the Preston Community across its three strands of work. The last 12 months have once again been economically challenging as a result of the rising cost of living. Despite this the Trust was able to continue to deliver programmes centred around the needs of our community, which over 17,000 people benefited from.
In 2024 the Trust launched its new and ambitious strategy #NorthEndTogether. This three-year strategy will guide us to continue addressing the ever-growing needs of the community.
We are committed to developing a comprehensive and diverse range of programmes, providing the best opportunities for members of the community. We are also committed to inform the public about our services and opportunities available to them. The Trust has continued to expand the numbers of people it delivers services to and to expand the services available.
Our key projects delivered during 2024/25 have been:
Community Engagement
Premier League Kicks - The Premier League Kicks programme is funded by the Premier League and uses the power of football and sport as a whole to provide free diversionary activities for 8 to 18-year-olds across Preston.
Detached Youth Work - The Detached Youth Work programme is an evening-based intervention programme targeting areas across Preston, Chorley and South Ribble with diversionary activities to prevent young people becoming involved in crime and anti-social behaviour.
Champions - The Champions programme aims to reduce the reoffending rate in Lancashire amongst 8-25-year-olds by working with Champions mentors to address their behaviours related to crime and anti-social behaviour.
National Citizens Service - The National Citizens Service programme is a government-backed initiative that gives 15 to 17 year-olds the opportunity to build their confidence and independence while developing life-skills on either a summer or autu mn programme.
Equality Diversity and Inclusion - Working across the EDI landscape this area of work focuses on delivering initiatives centred o n building integration and cohesion within our community.
Match Day Experience - The Trust facilitates a range of activities on a match day to help fans engage with the football club. These range from a Junior Whites junior supporters club, a family room, half-time entertainment, birthd ay parties and mascots.
Education and Employability
School Sport / Premier League Primary Stars - The School Sport / Premier League Primary Stars programme combines maths and literacy concepts into children's PE Lessons, with PNECET staff involvement improving the quality of lessons and standards of teaching.
After-School Multi-Sport Club - Similar to the above, these extra-curricular based sessions deliver a range of engaging and fun sports to local primary school children. Sessions allow children to take part in a variety of activities in addition to those provided in the school curriculum, which has great benefits to physical and mental health.
Alternative Education - The Secondary School Provision Programme targets hard-to-reach Key Stage 4 students who may stru ggle with a lack of confidence or self-esteem in a conventional school environment.
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Preston North End Community And Education Trust
Report of the Trustees for the year ended 30 June 2025
Preston Centre of Sporting Excellence - A partnership between PNECET and Preston's College, the Preston Centre of Sport Excellence provides high quality further education programmes in sport for 16-19 year-olds, from levels one to three.
University of South Wales Foundation Degree - In conjunction with the University of South Wales and the English Football League Trust, PNECET offers a foundation degree course in Community Football Coaching and Development, which can be extended to a full degree qualification.
Health and Wellbeing
Weight Management - Our Weight Management programmes take men and women aged 18+ on a health and fitness journey with educational classes and physical activity sessions once a week over a minimum 12-week period.
Heritage - PNECET's Heritage programme celebrates the rich history of Preston North End while connecting communities through inclusive and educational initiatives. Key projects such as the "Invincibles" programme, heritage murals, blue plaques, and community art initiatives bring local history to life, engaging residents of all ages. These activities not only preserve the club's legacy but also promote social connection, cultural understanding, and community pride.
PNE Forces - The PNE Forces programme brings together past and present members of the military and their families for a weekly social hour and football sessions, as well as signposting them to local community services where required.
Cancer Prehab - A programme that supports people before any significant cancer treatment through tailored exercise sessions. It helps participants improve fitness, confidence and wellbeing in a safe, supportive environment, while reducing isolation and encouraging long-term physical activity.
Work Well - An employability scheme that supports people with low level health conditions to start and stay in work. Participants have access to a Work and Health Coach, who works with individuals to develop a personalised support plan, which may include helping to improve physical and or mental health and signposting, tailored to individual need.
Walking Football - An initiative launched to see over 50's re-engage with a sport where the mainstream game is beyond their limitations, due to health or age. A replication of the five-a-side game, but with no running allowed. Walking Football is now an established programme and has really helped us diversify our service and reac h the older generation very successfully.
Sporting Memories - PNE Sporting Memories programme is an initiative which supports people over 50 who are living with dementia, depression or suffering from loneliness. The programme aims to help people reminisce about previous memories, experiences or moments in their lives through the power of sport. Sports memorabilia, past sporting events, physical activities, quizzes and guest speakers are used to create discussions aroun d sporting events and memories.
Mental Health Programmes - Our mental health programmes support both young people in an education setting and adults who are experiencing challenges with their mental health by providing them with unique opportunities in the clu b's professional sporting environment and peer to peer support.
Holiday Activity and Food Programme - This initiative supports children and families who are in receipt of free school meals by providing free activities and food for the children to access during the school holidays.
Holiday Soccer Camps/Activity Clubs - The final part of our all year round engagement with primary school children, running the full day during school holidays. Provision is provided at an affordable rate, available to all. Children can attend the footba ll-specific activities or our activity club full of multi-sports, arts and crafts.
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Preston North End Community And Education Trust
Report of the Trustees for the year ended 30 June 2025
Other Club Activities
The Trust currently delivers a number of activities for the Club, including organising all charity requests, matchday activities, player requests, PFA (Professional Footballer's Association) responsibility for player engagements in the community and tours of the stadium. These ensure that the football club is considered a family club at the heart of its community.
The Trust also delivers a range of innovative fundraising events and initiatives to generate income and engage the local community, including our annual Golf Day, Play on the Pitch experiences, Corporate Cup tournaments at Deepdale, and creative campaigns such as the Deepdale Duck 100km Challenge, all of which support the sustainability and growth of our charitable programme.
The Trustees appreciate the efforts of the staff of the Trust in their continued hard work and commitment to the various projects. The Trust has grown substantially in recent years and the Club recognises the support the Trust gives to ensure it is well received by its local community.
Financial review
Financial position
Total income for the Trust increased to £1,805,767 (2024: £1,705,527), with increases in health and wellbeing and community engagement offsetting a reduction in education income.
The Trust recorded a surplus in the year of £8,832 (2024: £94,438), with a closing cash balance of £1,046,211 (2024: £981,146) and total funds of £894,262 (2024: £885,430).
Reserves policy
The Trustees have considered the Charity's policy in respect of reserves. The Trustees have set a target of retaining at least six months of total expenditure (excluding depreciation) in cash reserves to provide financial security to the Charity in the event of unforeseen reductions in available funding which may arise from time to time. Based on the figures to 30 June 2025, this amounts to approximately £900,000 (2024: £800,000). The balance held at the end of the year of £1,046,211 (2024: £981,146) meets this target and the Trustees will continue to monitor this position.
The surplus for the year of £8,832 (2024: £94,438) was transferred to reserves and added to the brought forward surplus of £885,430 (2024: £790,992). The total funds carried forward of £894,262 (2024: £885,430) will be used in future years to meet the objectives of the charity, whilst having due consideration to meeting the stated reserves target above at the discretion of the Trustees.
Principal risks and uncertainties Cost of Living
We are continuing 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 revise our delivery by making suitable and cost effective decisions to ensure our programmes remain accessible. In summary, we are taking appropriate operational and financial decisions so that we can continue to meet the needs of our beneficiaries whilst ensuring the long-term viability of the Trust.
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Preston North End Community And Education Trust
Report of the Trustees
for the year ended 30 June 2025
STRATEGIC REPORT
Future plans
2024 marked the start of the 2024-2027 strategy #NorthEndTogether. This new and ambitious strategy will guide the charity through an ever-changing landscape as we continue to address the community's needs through our programmes.
Our vision is simple, to enhance lives and our communities.
The Trust will continue with its ambitions of developing additional facilities, which will provide further space to expand our programmes, in turn positively impacting more people from across our community. The Trust aims to continue to deliver all of the above programmes and try to increase the number of participants attending.
In addition, the Trust will continue to look for new funding opportunities to help meet its objective of offering innovative programmes to reach a diverse range of individuals in the local community.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Company is registered with the Charity Commission. The company is governed by its memorandum and articles of association which were amended during the year to reflect the Charity's operations more accurately. The Company was incorporated on 23 June 2008. The Trustees, who are also directors for the purposes of company law, present their report and financial statements for the year ended 30 June 2025.
Organisational structure
The day to day management of the Charity is undertaken by the Chief Executive Officer and the Chief Operating Officer who are supported by the Senior management team. This is overseen by the Board of Trustees, which is Chaired by Kevin Abbott.
Induction and training of new trustees
New Trustees are appointed by resolution of the Trustees, in accordance with the provisions of the Articles of Association. All new Trustees appointed in the year are familiarised with their statutory responsibilities, their role as Board members, the governance framework within the Trust, the work of the Trust and the risk environment. Ongoing training is arranged as and when the need is identified.
Related parties
The following companies are considered related parties:
Preston North End Football Club Limited Preston North End Limited
There are limited transactions between the Trust and these companies, which are disclosed in the notes to these accounts.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06627591 (England and Wales)
Registered Charity number
1130773
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Preston North End Community And Education Trust
Report of the Trustees
for the year ended 30 June 2025
Registered office
Preston North End Football Club Sir Tom Finney Way Deepdale Preston Lancashire PR1 6RU
Trustees
Kevin Abbott - Chair Doreen Hounslea - Deputy Chair Bryan Gray Benjamin Rhodes Paula Wilson Emma Butterworth (appointed 19 September 2024) Dr Adrian Hamilton (resigned 1 December 2025) Zafar Coupland (resigned 23 January 2025)
The Trustees act as directors for the purposes of company law.
Company Secretary
KM Abbott
Auditors
McMillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA
BANKERS
Barclays Bank Plc 38 Fishergate Preston PR1 2AD
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Preston North End Community And Education Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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Preston North End Community And Education Trust
Report of the Trustees for the year ended 30 June 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, McMillan & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the 30 March 2026 company directors, on ............................................. and signed on the board's behalf by:
................................................................. KM Abbott - Trustee
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Report of the Independent Auditors to the Members of Preston North End Community And Education Trust
Opinion
We have audited the financial statements of Preston North End Community And Education Trust (the 'charitable company') for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 Accepted Accounting Practice).
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In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 30 June 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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Report of the Independent Auditors to the Members of Preston North End Community And Education Trust
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
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Report of the Independent Auditors to the Members of Preston North End Community And Education Trust
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
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the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
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we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;
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we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
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- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
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identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
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considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
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performed analytical procedures to identify any unusual or unexpected relationships; and
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- tested journal entries to identify unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to underlying supporting documentation;
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reading the minutes of meetings of those charged with governance;
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enquiring of management as to actual and potential litigation and claims; and
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reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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Report of the Independent Auditors to the Members of Preston North End Community And Education Trust
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Neil McMillan FCA (Senior Statutory Auditor) for and on behalf of McMillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA 30 March 2026 Date: .............................................
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Preston North End Community And Education Trust
Statement of Financial Activities for the year ended 30 June 2025
| 2025 Unrestricted Restricted Total funds funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 98,818 - 98,818 Charitable activities 4 Education - 652,479 652,479 Health and wellbeing 426,205 86,888 513,093 Community engagement 163,792 363,697 527,489 Investment income 3 13,888 - 13,888 Total 702,703 1,103,064 1,805,767 EXPENDITURE ON Charitable activities 5 Other 150,139 113,708 263,847 Education - 809,837 809,837 Health and wellbeing 241,907 39,891 281,798 Community engagement 301,825 139,628 441,453 Total 693,871 1,103,064 1,796,935 NET INCOME 8,832 - 8,832 RECONCILIATION OF FUNDS Total funds brought forward 885,430 - 885,430 TOTAL FUNDS CARRIED FORWARD 894,262 - 894,262 |
2024 Total funds £ 99,415 771,341 455,984 367,657 11,130 |
|---|---|
| 1,705,527 | |
| 524,160 480,480 225,246 381,203 |
|
| 1,611,089 | |
| 94,438 790,992 |
|
| 885,430 |
The notes form part of these financial statements
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Preston North End Community And Education Trust
Balance Sheet 30 June 2025
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 11 21,907 - CURRENT ASSETS Debtors 12 203,883 - Cash at bank 1,031,146 73,498 1,235,029 73,498 CREDITORS Amounts falling due within one year 13 (362,674) (73,498) NET CURRENT ASSETS 872,355 - TOTAL ASSETS LESS CURRENT LIABILITIES 894,262 - NET ASSETS 894,262 - FUNDS 15 Unrestricted funds TOTAL FUNDS |
2025 Total funds £ 21,907 203,883 1,104,644 1,308,527 (436,172) 872,355 894,262 894,262 894,262 894,262 |
2024 Total funds £ 24,494 204,683 981,146 1,185,829 (324,893) 860,936 885,430 885,430 885,430 885,430 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 30 March 2026
............................................. KM Abbott - Trustee
The notes form part of these financial statements
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Preston North End Community And Education Trust
Cash Flow Statement
for the year ended 30 June 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
2025 £ 58,286 58,286 (7,109) 13,888 6,779 65,065 981,146 1,046,211 |
2024 £ 154,784 154,784 (18,354) 11,130 (7,224) 147,560 833,586 981,146 |
|---|---|---|
The notes form part of these financial statements
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Preston North End Community And Education Trust
Notes to the Cash Flow Statement
for the year ended 30 June 2025
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Net income for the reporting period (as per the Statement of | ||||
| Financial Activities) | 8,832 | 94,438 | ||
| Adjustments for: | ||||
| Depreciation charges | 9,696 | 7,538 | ||
| Interest received | (13,888) | (11,130) | ||
| Decrease/(increase) in debtors | 800 | (25,471) | ||
| Increase in creditors | 52,846 | 89,409 | ||
| Net cash provided by operations | 58,286 | 154,784 | ||
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Notice deposits (less than 3 months) | 1,104,644 | 981,146 | ||
| Overdrafts included in bank loans and overdrafts falling due within one | ||||
| year | (58,433) | - | ||
| Total cash and cash equivalents | 1,046,211 | 981,146 | ||
| 3. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1/7/24 | Cash flow | At 30/6/25 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | 981,146 | 123,498 | 1,104,644 | |
| Bank overdraft | - | (58,433) | (58,433) | |
| 981,146 | 65,065 | 1,046,211 | ||
| Total | 981,146 | 65,065 | 1,046,211 |
The notes form part of these financial statements
Page 15
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Notes to the Financial Statements for the year ended 30 June 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Preston North End Community and Education Trust meets the definition of a public benefit entity under FRS 102. The following accounting policies have been applied consistently in dealing with items which are material in relation to the charitable company's financial statements. The financial statements are filed annually with the Registrar of Companies.
The financial statements are presented using the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1.
Going concern
The Trustees have considered the future income of the charitable company and its ability to continue as a going concern. The trustees have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements.
The trustees consider that the Charity has adequate resources to continue in operation for the foreseeable future, and accordingly the financial statements have been prepared on a going concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Page 16
continued...
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Notes to the Financial Statements - continued for the year ended 30 June 2025
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Critical accounting estimates and judgments
In the application of the Charity’s accounting policies, the Trustees are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Trustees do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed above.
2.
DONATIONS AND LEGACIES
| Grants Grants received, included in the above, are as follows: Other grants Communities United Holiday Activation Fund Armed Forces/Veterans Fund |
2025 £ 98,818 2025 £ 70,300 28,518 - - 98,818 |
2024 £ 99,415 |
|---|---|---|
| 2024 £ 27,242 8,197 14,856 49,120 |
||
| 99,415 |
Page 17
continued...
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Notes to the Financial Statements - continued
for the year ended 30 June 2025
3. INVESTMENT INCOME
| 3. INVESTMENT INCOME |
|||
|---|---|---|---|
| 2025 £ Deposit account interest 13,888 4. INCOME FROM CHARITABLE ACTIVITIES 2025 Activity £ Charitable activities Education 652,479 Charitable activities Health and wellbeing 513,093 Charitable activities Community engagement 527,489 1,693,061 5. CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 6) £ £ Other - 263,847 Education 769,328 40,509 Health and wellbeing 281,798 - Community engagement 384,541 56,912 1,435,667 361,268 6. SUPPORT COSTS Governance Management Finance costs £ £ £ Other 248,267 3,177 12,403 Education 40,509 - - Community engagement 56,912 - - 345,688 3,177 12,403 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2025 £ Auditors' remuneration 8,550 Depreciation - owned assets 9,696 Hire of sports facilities and other equipment 44,858 |
2024 £ 11,130 2024 £ 771,341 455,984 367,657 |
2024 £ 11,130 |
|
| 1,594,982 | |||
| Totals £ 263,847 809,837 281,798 441,453 |
|||
| 1,796,935 | |||
| Totals £ 263,847 40,509 56,912 |
|||
| 361,268 | |||
| 2024 £ 7,405 7,538 36,335 |
Page 18
continued...
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Notes to the Financial Statements - continued for the year ended 30 June 2025
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
9. STAFF COSTS
| Wages and salaries | 2025 £ 1,421,639 1,421,639 |
2024 £ 1,273,643 |
|---|---|---|
| 1,273,643 |
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Direct staff | 56 | 49 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| £60,001 - £70,000 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 99,415 Charitable activities Education - Health and wellbeing 455,984 Community engagement 99,620 Investment income 11,130 Total 666,149 EXPENDITURE ON Charitable activities Other 481,287 Education - Health and wellbeing 225,246 Community engagement 306,009 Total 1,012,542 |
2025 - Restricted funds £ - 771,341 - 268,037 - 1,039,378 42,873 480,480 - 75,194 598,547 |
2024 1 Total funds £ 99,415 771,341 455,984 367,657 11,130 |
|---|---|---|
| 1,705,527 | ||
| 524,160 480,480 225,246 381,203 |
||
| 1,611,089 |
Page 19
continued...
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Notes to the Financial Statements - continued
for the year ended 30 June 2025
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ NET INCOME/(EXPENDITURE) (346,393) 440,831 Transfers between funds 440,831 (440,831) Net movement in funds 94,438 - RECONCILIATION OF FUNDS Total funds brought forward 790,992 - TOTAL FUNDS CARRIED FORWARD 885,430 - 11. TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment £ £ COST At 1 July 2024 65,361 93,883 Additions 1,425 5,684 At 30 June 2025 66,786 99,567 DEPRECIATION At 1 July 2024 57,157 77,593 Charge for year 3,507 6,189 At 30 June 2025 60,664 83,782 NET BOOK VALUE At 30 June 2025 6,122 15,785 At 30 June 2024 8,204 16,290 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Trade debtors 63,349 Other debtors 97,183 Prepayments 43,351 203,883 |
Total funds £ 94,438 - |
|
|---|---|---|
| 94,438 790,992 |
||
| 885,430 | ||
| Totals £ 159,244 7,109 166,353 134,750 9,696 144,446 21,907 24,494 2024 £ 131,833 36,188 36,662 204,683 |
Page 20
continued...
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Notes to the Financial Statements - continued
for the year ended 30 June 2025
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Bank loans and overdrafts (see note 14) | 58,433 | - | |||
| Trade creditors | 95,944 | 18,498 | |||
| Social security and other taxes | 25,961 | 31,365 | |||
| Accruals and deferred income | 255,834 | 275,030 | |||
| 436,172 | 324,893 | ||||
| 14. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Bank overdrafts | 58,433 | - | |||
| 15. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | ||||
| At 1/7/24 | in funds | funds | At 30/6/25 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 885,430 | 462,203 | (453,371) | 894,262 | |
| Health and wellbeing | - | 49,852 | (49,852) | - | |
| Community engagement unrestricted | - | (121,709) | 121,709 | - | |
| Education - unrestricted | - | (381,514) | 381,514 | - | |
| 885,430 | 8,832 | - | 894,262 | ||
| TOTAL FUNDS | 885,430 | 8,832 | - | 894,262 |
Page 21
continued...
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Notes to the Financial Statements - continued for the year ended 30 June 2025
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Health and wellbeing Community engagement unrestricted Education - unrestricted Restricted funds Education School sports programme Community engagement - restricted activities Health and wellbeing TOTAL FUNDS |
Incoming resources £ 108,443 331,650 262,610 - 702,703 465,650 374,264 176,262 86,888 1,103,064 1,805,767 |
Resources expended £ 353,760 (281,798) (384,319) (381,514) (693,871) (465,650) (374,264) (176,262) (86,888) (1,103,064) (1,796,935) |
Movement in funds £ 462,203 49,852 (121,709) (381,514) |
|---|---|---|---|
| 8,832 - - - - |
|||
| - | |||
| 8,832 |
Comparatives for movement in funds
| Unrestricted funds General fund Health and wellbeing Community engagement unrestricted Restricted funds National Citizen Service Education School sports programme Community engagement - restricted activities TOTAL FUNDS |
Net Transfers movement between At 1/7/23 in funds funds At 30/6/24 £ £ £ £ 790,992 (470,157) 564,595 885,430 - 230,738 (230,738) - - (106,974) 106,974 - 790,992 (346,393) 440,831 885,430 - (3,820) 3,820 - - 91,668 (91,668) - - 202,695 (202,695) - - 150,288 (150,288) - - 440,831 (440,831) - 790,992 94,438 - 885,430 |
Net Transfers movement between At 1/7/23 in funds funds At 30/6/24 £ £ £ £ 790,992 (470,157) 564,595 885,430 - 230,738 (230,738) - - (106,974) 106,974 - 790,992 (346,393) 440,831 885,430 - (3,820) 3,820 - - 91,668 (91,668) - - 202,695 (202,695) - - 150,288 (150,288) - - 440,831 (440,831) - 790,992 94,438 - 885,430 |
|---|---|---|
| 885,430 - - - - |
||
| - | ||
| 885,430 |
Page 22
continued...
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Notes to the Financial Statements - continued for the year ended 30 June 2025
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Health and wellbeing Community engagement unrestricted Restricted funds National Citizen Service Education School sports programme Community engagement - restricted activities TOTAL FUNDS |
Incoming resources £ 11,130 455,984 199,035 666,149 - 572,148 316,942 150,288 1,039,378 1,705,527 |
Resources expended £ (481,287) (225,246) (306,009) (1,012,542) (3,820) (480,480) (114,247) - (598,547) (1,611,089) |
Movement in funds £ (470,157) 230,738 (106,974) (346,393) (3,820) 91,668 202,695 150,288 440,831 94,438 |
|---|---|---|---|
The restricted funds are as follows:
National Citizen Service - This is a national campaign. NCS is a once-in-a-lifetime opportunity open to all 16 and 17 year ol ds, that helps to build skills for work and life.
Education - We offer a post 16 full-time education programme for school leavers to study at the Football Club and earn a Level 2 or 3 Extended Diploma in Sport.
School sports/Premier League - These funds cover a range of activities funded by schools and the Premier League to increase e ngagement and attainment.
Any surplus of the restricted funds can be transferred to general funds once the service has been delivered. Additional information on each fund is set out in the Report of the Trustees.
16. RELATED PARTY DISCLOSURES
During the year, the Trust made purchases in relation to IT and facilities costs from Preston North End Football Club Limited of £16,635 (2024: £65,060). These costs were recharged at cost, having been incurred by Preston North End Football Club Limited for administrative purposes only. The balance owed at the year end was £1,635 creditor (2024: £15,000 debtor).
The Trust also made payments to Preston North End Limited for rent and associated costs of £47,598 (2024: £47,520).The balance owed at the year end was £3,093 debtor (2024: £nil).
Page 23
Docusign Envelope ID: B25D4DC6-7B51-42FE-B60F-6461B8851087
Preston North End Community And Education Trust
Detailed Statement of Financial Activities for the year ended 30 June 2025
| INCOME AND ENDOWMENTS Donations and legacies Grants Investment income Deposit account interest Charitable activities Charitable activities Total incoming resources EXPENDITURE Charitable activities Wages NCS project costs Training Support costs Management Hire of sports facilities and other equipment Rent and rates Insurance Light and heat Telephone Postage and stationery Advertising Sundries Travel Depreciation Finance Bank charges Governance costs Auditors' remuneration Accountancy and legal fees Total resources expended Net income |
2025 £ 98,818 13,888 1,693,061 1,805,767 1,421,639 675 13,353 1,435,667 44,858 39,658 10,159 5,098 17,913 4,450 6,599 122,670 84,587 9,696 345,688 3,177 8,550 3,853 12,403 1,796,935 8,832 |
2024 £ 99,415 11,130 1,594,982 |
|---|---|---|
| 1,705,527 1,273,643 3,820 8,132 |
||
| 1,285,595 36,335 39,657 4,677 5,098 10,734 11,373 2,187 132,633 63,188 7,538 |
||
| 313,420 2,551 7,405 2,118 |
||
| 9,523 | ||
| 1,611,089 | ||
| 94,438 |
This page does not form part of the statutory financial statements
Page 24