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2025-08-31-accounts

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FINANCIAL REPORT

MANCHESTER CITY FC CITY IN THE COMMUNITY FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

Annual Report and Financial Statements For the year ended 31 August 2025

Registered number 07447531 Registered charity number 1139229

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Contents

03 Reference & Administrative Details

06 Report of the Trustees

32 Independent Auditor’s Report

43 Notes to the Financial Statements

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

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Reference and administrative details

TRUSTEES

G Tipper (Chair)

REGISTERED OFFICE

City Football HQ Etihad Campus, 400 Ashton New Road, Manchester, United Kingdom, M11 4TQ

R K Ballantine

S R Cliff

C MacNab

CHARITY NUMBER

C Onuoha

K B Parker

T N Pitchon

1139229

S M Todd

D Wilson

COMPANY NUMBER

07447531

COMPANY SECRETARY

Patrick Briscoe White

BANKERS

Barclays Bank, Manchester City Office, PO Box 357, 51 Mosley Street, Manchester, M2 3HQ

AUDITOR

Menzies LLP, One Express, 1 George Leigh St, Ancoats, Manchester M4 5DL

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

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Reference and administrative details

KEY MANAGEMENT

Mike Geary Chief Executive Officer

Natalie Ingham Head of People & Culture

Lisa McKay Head of Operations

Elsayed Salem Head of Finance & Governance

Rachel Clarkson Head of Communications & Engagement

Alex Williams MBE CITC Lifetime President

Louise Wright Head of Partnerships

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

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Report of the trustees

The Trustees present their annual report (incorporating the strategic report) on the affairs of Manchester City FC City in the Community Foundation (‘City in the Community’ or ‘CITC’ or ‘the charity’, together with the financial statements for the year ended 31 August 2025.

The Directors of the Charitable Company are its Trustees for charity law and throughout this report are collectively referred to as the Trustees.

The Trustees who held office during the year were as follows:

GOVERNING DOCUMENT

Manchester City FC City in the Community Foundation (CITC) is a registered charity in England and a company limited by guaran tee. It operates under the rules of its memorandum and articles of association dated 22 November 2010. The direction and oversight of the charity is the responsibility of the Trustees who meet on a quarte rly basis to administer it.

APPOINTMENT OF TRUSTEES

The existing Trustees select new Trustees, when they consider that a new skill set is needed or when a vacancy has occurred due to resignation or death.

TRUSTEES INDUCTION AND TRAINING

Trustees undergo an induction and ongoing training to brief them on their legal obligations under charity and company law.

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ORGANISATION

The Board of Trustees (BoT) during the year had ten Trustees. The BoT has the provision to increase or decrease the figure as required.

The Trustees are responsible for the following:

The senior leadership team are responsible for implementing the above for the Trustees and are responsible for the day -to-day running of the Foundation.

The Charity has a wholly owned subsidiary, Manchester City F.C. CITC Foundation Trading Company Limited.

PAY POLICY FOR SENIOR STAFF

The trustees, consider the board, who are the foundation’s trustees, and the senior leadership team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the foundation on a day-to-day basis. All trustees give of their time freely and no trustee received remuneration in the period. Details of trustees' expenses and related party transactions are disclosed in note 14 to the accounts.

The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity, the trustees benchmark against pay levels in other local football Foundations of a similar size. The remuneration benchmark is the mid-point of the range paid for similar roles adjusted for a weighting of up to 30% for any additional responsibilities. If recruitment has proven difficult in the recent past, a market addition is also paid with the pay maximum no greater than the highest benchmarked salary for a comparable role.

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CHARITY PURPOSE STATEMENT

Full Statement: We empower healthier lives with city youth through football.

Condensed version (for branding and marketing purposes): Healthier lives through football.

OBJECTIVES OF THE CHARITY

The objectives of the Charity are:

All objectives are set and measured across a three-year period with specific, strategic objectives named above, being broken down into more operational and thus measurable objectives.

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Report of the trustees

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STRATEGIC PRIORITIES OF THE CHARITY

As shown in the CITC 2025 – 28 Strategy document, CITC has three core strategic priorities for the 2025 – 28 period:

1. SUSTAINABILITY

2. ENGAGEMENT

3. EDI

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Report of the trustees

OUR VALUES

CARING

Putting people first. Being compassionate and helping our people (participants, peers, and partners). Showing pride and passi on in our work.

INCLUSIVE

Valuing, respecting and supporting all individuals and communities through inclusive and accessible opportunities that break down barriers to participate and achieve their full potential.

TRANSFORMATIVE

Causing positive change to our people and their communities through programmes which are influential, inspiring, innovative, and individualised.

YOUTH LED

Empowering and involving young people, providing the opportunity to participate meaningfully in decisions that affect them.

OUR APPROACH

In order to achieve our charity’s objectives, all CITC programmes are delivered with a consistent strategy and approach which is defined as:

We will achieve tangible, meaningful impact through regular, sustained & high-quality contact time between our staff and the participants they engage with.

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Report of the trustees

OUR ACTIVITIES: THREE KEY PILLARS

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Improve physical & mental Improve education and skills Improve social wellbeing and
wellbeing. development. cohesion.
City Soccer Schools City Play Together
City Play City BTEC City Mentoring
Premier League Primary Stars City Esport City Ready
City Thrive City Inspires City Kicks
Walking Football City Careers Military Vets
ReminisCITY City 93:20 InclusCITY
One City City Girls
CiCity Degree
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SHORT TERM PRIORITIES (FINANCIAL YEAR ENDING AUGUST 2026)

MEDIUM TERM PRIORITIES (FINANCIAL YEAR ENDING 2027)

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Report of the trustees

PUBLIC BENEFIT

In shaping our objectives for the period and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit.

During 2024/25, a refreshed 2025-28 Needs Analysis was created to show local needs and trends aligning with CITC’s new strategy. Data collected from the Census 2021, alongside local public health information and demographic data was used to help prioritise, improve and amend programme scope.

This process highlighted positive alignment of CITC’s participant demographic profile with those of the local population in Manchester and that CITC supports a large proportion of young people from diverse ethnic backgrounds. Delivery is focused in areas of high deprivation across the city and projects demonstrate a strong multi-agency approach to ensure there’s best use of resources across multiple services.

It also helped direct the charity towards a more streamlined measure of outcomes that align directly with communication pillars, creating better synergy from activities delivered to the vision, mission and aims for the 2025-28 period. New questions were implemented into programme questionnaires to help measure social value more effectively in the coming years and to capture better quality baseline data from programmes.

In November 2024, CITC was proud to take another big step towards being a youth-led organisation by launching its very own Youth Voice Panel. The Panel is a space created for young people from across Greater Manchester to share their views and speak about the social issues that matter most. The group is made up of 12 motivated young people aged 11-18, or up to age 25 for those with additional needs, who all came forward to apply to take part. Since its conception, the panel has met regularly, taking part in surveys, workshops, and campaigns — all contributing insights into projects such as the 2025 Youth Voice Census and the government’s ‘Deliver You’ strategy. The panel will continue to influence CITC decision-making, co-design policies, programmes and strategies and provide insight into the issues affecting local young people.

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2024 – 25 IMPACT

A HEALTHY PEOPLE STORY: LEWIS REGAINS HIS CONFIDENCE

After lockdown, Lewis suffered with separation anxiety, which meant he struggled spending time apart from his parents and brother. Mum, Louise, told CITC how much of a difference Soccer Schools has made…

“Lewis got to meet so many new friends in a great place full of fun and activities, with friendly coaches who took time ensure the environment was safe. It’s been great for his social development and allowed him to become more like the boy we knew before lockdown. ”

“Lewis has learnt to be able to do things for himself and not to worry not being with his family. It provides them with a good routine, and it keeps them fit and healthy.”

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CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Impact and outcome data sourced from CITC Annual Report 2024 – 25 which can be accessed in full via mancity.com/citc

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2024 – 25 IMPACT

A HEALTHY FUTURES STORY: CIARA AND CITY INSPIRES

“I’d describe City Inspires as one of the best things that’s ever happen to me. I think my school experience would have been a lot harder without it .”

“I was very shy, and I didn’t like social things but having that support really A HEALTHY FUTURES STORY: CIARA AND CITY INSPIRES helped me, and it was exactly what I needed to get me through .”

“Now I’m happy to push myself outside my comfort zone, to try and become a better version of myself and be more confident. I’ve even enrolled for the CITC BTEC! Seeing what the coaches did for me made me want to be that person for someone else .”

“After that, I want to do the CITC Degree programme, and then hopefully get a job with City in the Community .”

CITY IN THE COMMUNITY FINANCIAL REPORT 202[I m] 4[p] -2[a c] 5[t][and outcome data sourced from CITC Annual Report 2024 – 25 which can be accessed in full via mancity.com/citc ]

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2024 – 25 IMPACT

A HEALTHY COMMUNITIES STORY: WHAT OUR PARTICIPANTS SAID

Mentoring has helped me a lot with being gentle and kind with my anger. I have also made new friends too, with my new confidence.” – City Mentoring

“At times I forgot I was in jail and A HEALTHY COMMUNITIES STORY: WHAT OUR PARTICIPANTS SAID the sessions made me think about something beneficial.” – City Ready

“The sessions have shown me how to get ready for the day with a positive mindset.” – City Thrive

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Impact and outcome data sourced from CITC Annual Report 2024 – 25 which can be accessed in full via mancity.com/citc

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2024 – 25 IMPACT

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Impact and outcome data sourced from CITC Annual Report 2024 – 25 which can be accessed in full via mancity.com/citc

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2024 – 25 IMPACT

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Impact and outcome data sourced from CITC Annual Report 2024 – 25 which can be accessed in full via mancity.com/citc

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RELATED PARTIES

The Trustees consider that Manchester City Limited and its subsidiary Manchester City Football Club Limited, City Football Marketing and City Football Group are related parties of the Charity.

All trustees and senior management of the charity have completed and signed related parties certificates.

The Chair of Trustees and ‘external’ trustees receive no remuneration for their roles. ‘Internal’ trustees who are employees of the related parties noted above receive remuneration for their employed roles however there is no additional remuneration or benefits associated with their role of trustee for the charity.

Details of financial transactions with related parties are disclosed in note 14.

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RESERVES POLICY

Total reserves at the end of the reporting period are £ 2,474,316 . The restricted fund amount is £ 85,056 and unrestricted reserves are £ 2.389,260.

The Foundation will retain adequate reserves to cover expenditure arising from standard operations.

Reserves will stem from unrestricted funds (i.e., funds that are not earmarked by funders for any specific project or programme and can be deployed at the Trustees’ discretion to meet our charitable objectives). Restricted funds (i.e. funds that are ear marked by funders for specific charitable project s or programmes) will thus not count towards the charity’s reserves.

With the evolving complexity of the charity's operations, employing excess of 100 staff with an operating cost of c.£4m, it is important that the risk with regards to future expenditure and potential unforeseen costs should be mitigated.

It may well be that a source of income i.e., grant is discontinued suddenly and unexpectedly and therefore reserves would be needed to help wind a programme down responsibly or to give the charity some time to find another funder to continue the programme.

There will also be planned commitments that cannot be met by future income alone (e.g., a new programme-requiring match funding or infrastructure required to build the charity's capacity to f und raise and grow over time such as new software and systems).

Reserves can also be used for short-term deficits in the cash flow, e.g. money may need to be spent before a grant is received, if funders pay part of their grants retrospectively.

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RESERVES POLICY CONTINUED

We currently endeavour to maintain reserves sufficient to cover a minimum of 3 months operating expenses, but due to the changes in the financial climate and recommendations released by Charity Commission we now feel it may be prudent to increase our reserves to a minimum of 6-month operating expenses.

Our total current unrestricted funds are £ 2.3m, the minimum reserve amount of 6 months operating cost equates to c£2m. Considering the desire to increase our reserves from 3 to 6 months of operating expenses, we are now conducting a process to establish a new reserves policy. In support of this we will establish an income generation plan and a review of operating costs, this will ensure we meet the desired level of reserves.

Considering the above statement regarding a desire to increase our reserves from 3 to 6 months operating expenses, we are now conducting a process to establish a new reserves policy and support this with an income generation plan.

The reserves policy will be reviewed regularly by Trustees to ensure it continues to meet the evolving needs of the charity as it broadens in complexity and reach.

Where fundraising events are held specifically for an existing or new programme it may be required that these funds will be ring-fenced for the following year/s and classed as designated funds in the unrestricted reserves.

DONATED SERVICES

The Charity receives excellent support from Manchester City Football Club Limited, part of City Football Group, to the extent that premises and football facilities are provided, also editorial space in match day programmes is granted, free of any charges. There is also support from the various departments within the club to share their expertise with the charity.

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GRANT MAKING

Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity. In the case of an unconditional grant offer, this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the charity.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable.

The provision for a multi-year grant is recognised at its present value where settlement is due over more than one year from the date of the award, there are no unfulfilled performance conditions under the control of the charity that would permit the charity to avoid making the future payment(s), settlement is probable and the effect of discounting is material. The discount rate used is the average rate of investment yield in the year in which the grant award is made. This discount rate is regarded by the trustees as providing the most current available estimate of the opportunity cost of money reflecting the time value of money to the Charity.

There have been no grants awarded in this period.

CHARITABLE DONATIONS

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FINANCIAL REVIEW

Income:

The financial year runs from 1[st ] September 2024 to 31[st ] August 2025. This period has shown a slight decline in income from the previous year. This is mainly due to that the previous year figures included more income generated from Healthy Goals initiatives, and more income generated from paid Mentoring programmes.

The Trustees report a net surplus in funds for the period of £ 194,763 (2024: surplus £ 10,809). Total income for this period came to £ 4,259,184 (2024: £4,383,995 ). The total funds carried forward is now £ 2,474,316 (2024: £2,279,553 ).

This strong financial performance highlights effective leadership, disciplined management, and agile decision-making in responding to economic challenges.

Expenditure:

Staff Costs - Trustees expect that the staff levels will be maintained in order to deliver the planned income generating activities, however these costs are continually reviewed to ensure they fall in-line with the income received.

In September 2022 City in the Community became a Living Wage Foundation (LWF) employer and subsequently are committed to paying at or above the LWF ‘real living wage’ amount which is reviewed annually.

TRADING

The Trading Company was formed in April 2012. The purpose of the Company is to enable charity to sell signed merchandise and to receive sponsorships from external companies. The profits from this Company will be gifted to the Charity.

During the year under review, the Trading Company has secured income from partnership agreement with Kellogg to support Summer Soccer Schools' programme, which commenced in January 2024 and will run until December 2028. Another agreement with CP Company was initiated in January 2024 to support Healthy Goals initiative, valid until June 2027. Further, an agreement with Nationwide Heating Services has been established for the 2024/25 period reinforcing our commitment to sustained programme delivery. Nissan agreement to fund all areas of EDI started in January 2024 and was valid until June 2025, reflecting our dedication to expanding our impact and ensuring financial stability. In addition to Nationwide Heating Services agreement to support the 'We Are City' Comms campaign, the agreement started in November 2024 and was valid until October 2025.

The Directors have reviewed the financial position, and they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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GOING CONCERN

The 2024-25 financial year is the third year of the Premier League 2022-25 funding cycle, however, at present Premier League have only committed to one year of funding with a view to confirming longer term sustainable funding for all the charities they fund before the current year ends. The level of funding received from Premier League remains at a very similar level to previous years and although the term of funding confirmed is a concern, our relationship with the Premier League and our proven track record of delivering high quality community programmes and meeting Premier League targets gives us confidence that the funding will continue for the foreseeable future.

With a substantial number of staff employed by the charity and the demands of the cost-of-living crisis, there is an element of concern because of our commitment to pay at/ above the Living Wage Foundation rate. The rate is subject to annual review (usually announced in November each year) so the concern related to this is that we have no control over the implemented increase amount, and it is difficult to predict when budgeting for the following financial year. To support the financial sustainability of the charity we are working hard to develop and grow the income generated through partnerships, new/ additional grant funding, and fundraising activities.

Based on the guidance of the Charity Commission, another financial challenge that is worth noting is the level of reserves held by the charity, recent guidance recommends charities work towards a desire of 6 months' salary costs in reserves which is an increase from our current level of reserves held. We are working with our board of trustees to develop an income generation plan for the next 2 to 3 financial years to gradually increase our reserves.

We have worked on our cashflow forecast and projections, implementing changes from lessons learned over the past year enabling us to adapt our programmes, delivering to the areas in most need. The revised forecasts and cash flow projections indicate that the Charity shall be able to generate sufficient funding for the 12-month period from signing of the financial statements based on estimated income levels and expenditure.

Our funding applications for 2025/26 with the Premier League have been submitted for £920k, an amount of £460k have been received in September 2025 and the remaining amount will be received in March and June 2026.

We have performed a reverse stress test exercise which has indicated that the funds currently in the bank at the end of January 2026, c£2.8m, based on the forecasted levels of expenditure would provide the charity with sufficient funds until September 2026 if funding received is reduced by 30%. But as forecasted we have contracts in place to receive further funding up to the end of August 2027 to the value of c£2,7m.

Therefore, considering there is some uncertainty described above, the trustees have an expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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GOVERNANCE CODE

The Trustees have adopted the Charity Governance Code for Larger Charities.

We have also completed and met the terms of the Premier League’s Capability Code of Practice (CCOP), this is specifically for us to achieve the Premier League funding. The policy covers the following areas:

The work with the Premier League on the Capability Code of Practice will continue to ensure it remains up to date and fit for purpose.

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BOARD REVIEW

The charity is committed to conducting a thorough review of the Board of Trustees (“the Board”) every three years in line with our three-year strategy periods. The last review took place during July - December 2025; therefore, the next review will be conducted in July 2028. The review included one-to-one consultation with each of the trustees and the following key areas were discussed:

The outcomes of the board review confirmed that all Trustees understood and are aligned with the Charter and believe the Board is well run and that the Chair has an open and communicative style. Further, Trustees feel that the benefits of freshening the Board are already showing through. No Trustee raised any Governance issues or remediation requirements.

The appointment and replacement of Trustees for CITC is a complex dynamic and there are specific skills and experience that are required including but not limited to:

  1. Financial expertise

  2. Consumer experience

  3. Charity experience

  4. Sports sector understanding

  5. Human Resources

  6. Compliance and safeguarding experience

  7. Local authority knowledge

  8. Boardroom experience

It is also important that the Board includes key members of The Executive of City Football Group as Trustees who individually have deep experience of CITC and as with the current members bring a significant amount to the charity both individually and collectively.

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PRINCIPAL RISKS AND UNCERTAINTIES

The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to anticipate their exposure to major risks. A full risk register document is held detailing potential risks, potential impact, and mitigating steps related to Governance, Compliance, Operations, Financial, Reputation, and Safeguarding. For this document the key potential risks have been included below:

Potential Risk Potential Impact Mitigation
Budgetary control
& financial
reporting		 Budget not matching key objectives and priorities; decisions made on inaccurate financial
projections or reporting, decisions made based on unreliable costing data or income
projections, inability to meet commitments, poor credit control, poor cash flow and treasury
management, and ability to function as going concern.		 Link budget to business planning and objectives. Monitor and
report in a timely and accurate way. Use proper costing
procedures for product or service delivery. Ensure adequate skills
base to produce and interpret budgetary and financial reports.
Agree procedures to review and action budget/cash flow
variances and monitor and control costs. Regularly review
reserves and investments. Regularly review concerns related to
sustainability of funding.
Reserve amounts
& reserve policies		 Lack of funds or liquidity to respond to new needs or requirements, inability to meet
commitments or planned objectives, and reputational risks if policy cannot be justified.		 Link reserves policy to business plans, activities and identified
financial and operating risk. Regularly review reserves policy and
reserve levels. Frequent interaction between charity communications
manager and club communications department to identify,
monitor and counter-act anyreputational risk.
Cash flow
sensitivities		 Inability to meet commitments, lack of liquidity to cover variance in costs, and impact on
operational activities.		 Ensure adequate cash flow projections (prudence of assumptions).
Identify major sensitivities. Ensure adequate information flow from
operational managers. Monitor arrangements and reporting.
Dependency on
income sources		 Cash flow and budget impact of loss of income source. Identify major dependencies. Implement adequate reserves policy.
Consider diversification plans.

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Continued

Report of the trustees

PRINCIPAL RISKS AND UNCERTAINTIES CONTINUED

Potential Risk Potential Impact Mitigation
Guarantees to
third parties		 Call made under guarantee, lack of reserves or liquidity to meet call, and consistency with
objects and priorities.		 Review approval and authority procedures. Agree procedures to ensure
consistency with objects, plans and priorities. Ensure financial reporting of
contingency and amendment to reserves policy.
Compliance with
donor-imposed
restrictions		 Funds applied outside restriction, repayment of grant, future relationship with donor and
beneficiaries, and regulatory action.		 Implement systems to identify restricted receipts. Agree in advance any
repositioning of funding. Agree budget control, monitoring and reporting
arrangements.
Fraud or error Financial loss, reputational risk, loss of staff morale, regulatory action, impact on funding. Review financial control procedures. Segregate duties. Set authorisation limits.
Agree whistle-blowing anti-fraud policy. Review security of assets. Identify
insurable risks.
Counter party risk Financial loss, and disruption to activities or operations. Research counter party’s financial sustainability. Contractual agreement.
Consider staged payments. Agree performance measures. Monitor and review
investments. Establish monitoring and review arrangements where counter
party is the charity’s agent (‘conduit funding’) arrangements.
Safeguarding Risk of financial charges being incurred through a claim a being made against the charity.
Increased cost of public liability insurance policy due to claims being made.
Potential loss of future funding and/ or income streams.
Reputational risk associated with any poor practice for both the charity and the football club.		 Ensuring robust policies and procedures are in place, adhered to, regularly
reviewed, and communicated across the workforce of the charity.
Frequent Safeguarding training and development is delivered to all charity
employees.
CLUE safeguarding system is utilised to monitor and record all safeguarding
incidents.

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Report of the trustees

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PLANS FOR THE FUTURE

For the next 12 months, the charity has plans to progress the ‘Healthy Goals’ project by investing in refurbishing/ developing new safe spaces for young people to play football, in addition, a key plan for the near future is to further enhance our mentoring projects working with key strategic. Another key priority looking forward is for the charity to develop more opportunities for youth led engagement.

Finally, as we look forward, we are striving for continual improvement by embedding a progressive learning culture and adopting a critical evaluation process that is led by the core purpose.

STATEMENTS AS TO DISCLOSURE TO OUR AUDITORS

In so far as the Trustees are aware at the time of approving our trustees’ annual report:

This Trustees’ Report is signed by Gary Tipper on behalf of the Board of Trustees.

G Tipper Chair of Trustees Date: 28/04/2026

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Continued

Report of the trustees

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE

FINANCIAL STATEMENTS

The Trustees who are also the directors of the charity for the purposes of company law are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Charity law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company and charity 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 group and charity and of the incoming resources and application of resources, including the income and expenditure, of the group and charity for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report, including the Strategic Report, was approved by the Board of Trustees on 28/04/2026 and signed on its behalf by:

G Tipper Chair of Trustees Date: 28/04/2026

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INDEPENDENT AUDITOR’S REPORT

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Independent Auditor’s Report

INDEPENDENT AUDITOR’S REPORT TO MEMBERS AND TRUSTEES OF MANCHESTER CITY FC CITY IN THE COMMUNITY FOUNDATION – YEAR ENDED 31 AUGUST 2025

Opinion

We have audited the financial statements of Manchester City F.C. City In The Community Foundation ‘the parent charitable company’ and its subsidiary “Manchester City F.C. CITC Foundation Trading Company Limited” for the year ended 31 August 2025 which comprise the Consolidated Statement of Financial Activities includin g the Consolidated Income and Expenditure Account, the Consolidated and Parent Charitable Company Balance Sheets, the Consolidated Statement of Cash Flows and the related notes 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, including FRS 102 ‘The Finan cial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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. 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 parent charitable company and the group financial statements, we have concluded that the director’s use of th e 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 parent’s and group’s ability to continue as a going concern for a period of at least 12 months from when the fin ancial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant se ctions of this report.

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INDEPENDENT AUDITOR’S REPORT TO MEMBERS AND TRUSTEES OF MANCHESTER CITY FC CITY IN THE COMMUNITY FOUNDATION – YEAR ENDED 31 AUGUST 2025

Other information

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the other information. 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 there on.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially in consistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material this gives rise to a mater ial 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 f act.

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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INDEPENDENT AUDITOR’S REPORT TO MEMBERS AND TRUSTEES OF MANCHESTER CITY FC CITY IN THE COMMUNITY FOUNDATION – YEAR ENDED 31 AUGUST 2025

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 a udit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to repo rt to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 34, the trustees (who are also the direct ors 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 and the group 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 c ompany or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder

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 an auditor’s report 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.

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Independent Auditor’s Report

Continued

INDEPENDENT AUDITOR’S REPORT TO MEMBERS AND TRUSTEES OF MANCHESTER CITY FC CITY IN THE COMMUNITY FOUNDATION – YEAR ENDED 31 AUGUST 2025

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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, inclu ding fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and non -compliance with laws and regulations, our procedures included the following:

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstat ements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

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Continued

INDEPENDENT AUDITOR’S REPORT TO MEMBERS AND TRUSTEES OF MANCHESTER CITY FC CITY IN THE COMMUNITY FOUNDATION – YEAR ENDED 31 AUGUST 2025

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 auditor’s report.

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 Com panies Act 2006. Our audit work has been undertaken so that we might state to the parent charitable company’s members and trustees those matters we are required to state to them in an auditor’s 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 parent charitable company, parent charitable company’s mem bers as a body and the parent charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Maria Hallows BA FCA DCha (Senior Statutory Auditor)

For and on behalf of

Menzies LLP Chartered Accountants and Statutory Auditor One Express 1 George Leigh Street Manchester M4 5DL 30/04/2026

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Financial Statements

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

~~(INCLUDING INCOME AND EXPENDITURE ACCOUNT)~~

Unrestricted funds
2025		 Restricted funds
2025		 Total Funds Total Funds
2024
2025
Year ended 31 August 2025 Notes £ £ £ £
Income from:
Donations and legacies 2a 1,107,348 197,746 1,305,094 1,327,402
Other trading activities 2b 526,267 - 526,267 612,681
Income from charitable activities 2c 10,306 2,295,699 2,306,005 2,316,987
Other income 2d 121,818 - 121,818 126,925
Total income 1,765,739 2,493,445 4,259,184 4,383,995
Expenditure:
Cost of raising funds 3a (689,217) (8,025) (697,242) (920,438)
Exp enditu re on charitable activities 3b (185,652) (3,159,896) (3,345,548) (3,392,383)
Other costs 3c (21,631) - (21,631) (60,365)
Total Expenditure (896,500) (3,167,921) (4,064,421) (4,373,186)
Net income before transfers 869,239 (674,476) 194,763 10,809
Transfers between funds 4 (622,407) 622,407 - -
Net income and net movement in funds for the year 246,832 (52,069) 194,763 10,809
Reconciliation of funds
Total funds brought forward 2,142,428 137,125 2,279,553 2,268,744
Total funds carried forward 2.389,260 85,056 2,474,316 2,279,553

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 43 to 71 form part of these financial statements.

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Continued

Financial Statements

CONSOLIDATED AND CHARITY BALANCE SHEET AS AT 31[st ] AUGUST 2025

CONSOLIDATED AND CHARITY BALANCE SHEET AS AT
31stAUGUST 2025
COMPANY NO. 07447531 Group Group
2024		 Charity Charity
2024
2025 2025
Notes £ £ £ £
Fixed assets
Investments 8 - - 1 1
Total fixed assets - - 1 1
Current assets
Debtors 9 629,342 198,592 364,725 105,637
Cash at bank 2,512,485 2,838,829 2,441,487 2,804,852
Total current assets 3,141,827 3,037,421 2,806,212 2,910,489
Creditors
Amounts falling within one year 10 (667,511) (757,868) (579,032) (681,625)
Net current assets 2,474,316 2,279,553 2,227,180 2,228,864
Total assets less current liabilities 2,474,316 2,279,553 2,227,181 2,228,865
Net assets 2,474,316 2,279,553 2,227,181 2,228,865
Total funds of the charity
Unrestricted incomes funds 2,389,260 2,142,428 2,142,125 2,091,740
Res tricted income funds 85,056 137,125 85,056 137,125
Total charity funds 4,13 2,474,316 2,279,553 2,227,181 2,228,865

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Continued

Financial Statements

CONSOLIDATED SOFA AND CHARITY BALANCE SHEET

AS AT 31[st ] AUGUST 2025

COMPANY NO. 07447531

The charity has taken advantage of the exemption under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The net movement in funds of the parent company for the year was £150,688 (2024: £64,473). The notes on pages 43 to 71 form part of these financial statements.

The financial statements were approved and authorised for issue by the Trustees and were signed on its behalf on 28/04/2026

G Tipper

Chair of Trustees

Date: 28/04/2026

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Continued

Financial Statements

CONSOLIDATED STATEMENT OF CASH FLOWS

For the year ended 31stAugust 2025 2025 2024
£ £
Cash flow operating activities
194,763 10,809
Net income/(expenditure) for the year (as per the statement of financial activities)
Adjustments for:
Interest from investments (121,818) (126,925)
(Increase) / Decrease in Debtors (430,750) 5,069
(Decrease) / Increase in Creditors (90,357) (341,885)
Net cash generated from operating activities (448,162) (452,932)
Cashflows from operating activities
Net cash generated from operating activities (448,162) (452,932)
Cashflows from investing activities
Interest from investment 121,818 126,925
Net cash generated from investing activities 121,818, 126,925
Net increase in cash and cash equivalents (326,344) (326,007)
Cash and cash equivalents at beginning of the year 2,838,829 3,164,836
Cash and cash equivalents at the end of the year 2,512,485 2,838,829

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Notes to the Financial Statements

ACCOUNTING POLICIES

Manchester City F.C. City in the Community Foundation is a company limited by guarantee and incorporated in England and Wales under the Companies Act 2006. The address of the registered office is given on the company information page and the nature of the company’s operations, and its principal activities are set out in the trustees' report.

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

BASIS OF CONSOLIDATION

The financial statements consolidate the results of the charity and its wholly owned subsidiary Manchester City FC CITC Foundation Trading Company Ltd on a line-by-line basis.

The Charity has taken advantage of the exemption in section 408 of the Companies Act 2006 from presenting its individual Statement of Financial Activities. They have also taken advantage of the exemption in paragraph 1.12b of FRS 102 from preparing an individual Statement of Cash Flows, on the basis that it is a qualifying entity and the Consolidated Statement of Cash Flows, included in these financial statements, includes the Charity’s cash flows.

BASIS OF PREPARATION

The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Manchester City FC City in the Community Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The presentation currency of these financial statements is Sterling. All amounts in these financial statements have been rounded to the nearest £1.

GOING CONCERN POLICY

Through regularly forecasting we have closely monitored our income and expenditure and presented revised forecasting to the board of trustees. The revised forecasts and cash flow projections indicate that the Charity shall be able to generate sufficient funding for the 12-month period from signing of the financial statements based on estimated income levels.

The Charity has confirmed funding secured for the 25/26 financial year from grant funding, public sector grants and private sector partnerships with the addition of funds raised by the charity’s fundraising activities.

Therefore, the trustees have an expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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Continued

Notes to the Financial Statements

INCOME

Income shown in the Statement of Financial Activities represent amounts receivable in relation to donations, coaching fees, contributions, subscriptions and grants. The income is recognised when we have entitlement of funds and performance conditions are met as set out in the relevant contract or service level agreement. Such income is only deferred when the donor specifies that the grant or donation must be used in future accounting periods, or the donor has imposed conditions that must be met before the Charity has unconditional entitlement. Amounts received with such conditions are included within deferred income and released to income in the relevant year.

GRANT MAKING

Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. In the case of an unconditional grant offer, this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive a one-year grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the Trust.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable.

DONATED SERVICES

The Charity has included donated services and facilities in the Statement of Financial Activities. The donated services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation has been met, the receipt of economic benefit from the use by the charity is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

CHARITABLE DONATIONS

Donations paid to charities principally represent donations by donor clients and are charged to the Statement of Financial Activities (SOFA) when both the Group and beneficiary charities are notified in the normal course of business of an unconditional obligation to transfer funds. Amounts to be paid at a future date are included in creditors.

EXPENDITURE

All expenditure is accounted for on the accruals basis and is recognised when incurred. In particular: a) the costs of raising funds represent a proportion of the Head of Partnerships & Fundraising salary costs

b) the expenditure of charitable activities represent all costs of the Charity except those apportioned to governance and costs of raising funds; and

c) other expenditure represents those items not falling into any other heading.

SUPPORT COSTS

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities in proportion to direct income contribution for each programme area. Support costs are allocated as set out in the funding application across all programmes.

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Continued

Notes to the Financial Statements

INVESTMENTS

Investments in shares which can be publicly traded must be measured at fair value (market value).Investments in shares which cannot be publicly traded must be measured at cost less impairment if fair value cannot be established using a valuation technique. Gains and losses on remeasurement are recognised in the statement of financial activities (SoFA).

DEBTORS

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

FUND STRUCTURE

Unrestricted funds are funds that can be used in accordance with the charitable objects of the charity at the discretion of the trustees.

Designated funds form part of the charity's unrestricted funds but have been earmarked by the charity for a particular purpose.

The Charity has restricted income funds to account for situations where a donor requires that a donation must be spent on a particular programme or purpose. All other funds are unrestricted income funds.

PENSIONS

The Charity operates a defined contribution scheme for employees. The cost of pensions is accounted for on an accrual basis.

CASH AT BANK AND IN HAND

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

OPERATING LEASE COMMITMENTS

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the life of the lease.

CREDITORS AND PROVISIONS

HOLIDAY PAY ACCRUAL

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

A liability is recognised to the extent of any unused holiday pay entitlement that has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

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Continued

Notes to the Financial Statements

FINANCIAL INSTRUMENTS

Financial liabilities and equity are classified according to the substance of the financial instruments contractual obligations, rather than its legal form.

The company’s cash at bank and in hand and trade and other debtors and its trade and other creditors are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

TAXATION AND DEFERRED TAX

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. Profit from the trading entity, Manchester City FC CITC Foundation Trading Company Limited, are gift aided and as such the group does not attract a tax charge.

If a transaction constitutes a financing transaction it is measured at the present value of the future payments discounted at a market rate of interest, except where loans are received from a person who is within a director’s group of close family members and that group contains a shareholder of the company, then these are initially recorded at transaction price, and subsequently at amortised cost using the interest rate implicit in the contract.

Investments in shares which can be publicly traded must be measured at fair value (market value).Investments in shares which cannot be publicly traded must be measured at cost less impairment if fair value cannot be established using a valuation technique. Gains and losses on remeasurement are recognised in the statement of financial activities (SoFA).

FOREIGN CURRENCY

Foreign currency transactions are translated at the rates ruling when they occurred. Foreign currency monetary assets and liabilities are translated at the rates ruling at the balance sheet dates. Any differences are taken to the profit and loss account.

47

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

2a - INCOM
2b - INCOM
E: DONATIONS AND LEGACIES		 2025 2024
£ £
Unrestricted
Donations 618,136 636,405
Grants - Premier League 230,000 215,000
Donated Services 259,212 191,948
Total Unres tricted 1,107,348 1,043,353
Restricted
Donations 197,746 284,049
Total Restricted 197,746 284,049
TOTAL 1,305,094 1,327,402
£ £

E: OTHER TRADING ACTIVITIES
Fundraising events 157,499 259,673
Other 368,768 353,008
526,267 612,681

48

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

- - 2c INCOME: FROM CHARITABLE ACTIVITIES

CURRENT YEAR

CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR CURRENT YEAR
Premier League Grant
Big Lottery Grant
ESFA Grant
Other sources		 2025 2024
£
£
£
£		 £ £
Restricted
Kicks/Disability/Targeted
270,000
-
-
85,150		 355,150 369,045
Ashton College BTEC
-
-
120,612
-		 120,612 88,803
Ch ead le College BTEC
-
-
-
-		 - 54,814
Oldham College BTEC
-
-
124,696
-		 124,696 154,803
Oldham College BTEC
-
-
49,451
-		 49,451 -
MMU Degree
-
-
320,937
-		 320,937 276,948
City Thrive
-
-
-
135,250		 135,250 136,473
Connell College BTEC
-
-
161,497
-		 161,497 162,000
City Ready
-
-
-
-		 - 103,617
School Sports Programme
150,000
-
-
256,200		 406,200 388,500
Kings Trust
-
-
-
5,500		 5,500 10,714
Soccer Schools
-
-
-
28,400		 28,400 53,200
Insp ires
75,000
-
-
152,600		 227,600 194,195
City Play
230,000
-
-
84,192		 314,192 316,720
MAOTG
-
-
-
16,493		 16,493 -
Streetgames - - - 29,721 29,721 -
725,000 - 777,193 793,506 2,295,699 2,309,832
Unrestricted
PPA, one off events, soccer coaching and related activities - - - 10,306 10,306 7,155
Total 725,000 - 777,193 803,812 2,306,005 2,316,987

49

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

2c - INCOME: FROM CHARITABLE ACTIVITIES -

PREVIOUS YEAR

PREVIOUS YEAR
Premier League Grant Big Lottery Grant ESFA Grant Other sources 2024 2023
£ £ £ £ £ £
Restricted
Kicks/Disability/Targeted 280,500 - - 88,545 369,045 397,989
Pitches Project - - - - - 648,443
Ashton College BTEC - - 88,803 - 88,803 66,473
Ch ead le College BTEC - - 54,814 - 54,814 88,737
Oldham College BTEC - - 154,803 - 154,803 154,800
MMU Degree - - 276,948 - 276,948 242,146
City Thrive - - - 136,473 136,473 101,205
Connell College BTEC - - 162,000 - 162,000 156,651
City Ready - - - 103,617 103,617 -
Armed Covenant - - - - - 2,083
School Sports Programme 150,000 - - 238,500 388,500 493,855
Princes Trust - - - 10,714 10,714 26,130
Soccer Schools - - - 53,200 53,200 60,345
Insp ires 75,000 - - 119,195 194,195 249,577
City Play 230,000 - - 86,720 316,720 338,723
City Lifestyles - - - - - -
735,500 - 737,368 836,964 2,309,832 3,027,157
Unrestricted
PPA, one off events, soccer coaching and related activities - - - 7,155 7,155 8,104
Total 735,500 - 737,368 844,119 2,316,987 3,035,261

‘Other Sources’ includ es various income from various schools and other small grants.

Government grants – ESFA is a form of governmen t grant, granted to enable the charity to provide support and training to provide a BTEC course in partnership with Connell, Cheadle, Ashton & Oldham Colleges

50

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

2d – Other Income

2d – Other Income
2025 2024
£ £
Unrestricted
Interest In come 121,818 126,925

51

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

3a - EXPENDITURE: COST OF RAISING FUND S

3a - EXPENDITURE: COST OF RAISING FUND S
Unrestricted Res tricted 2025 Unrestricted Res tricted 2024
£ £ £ £
Staff costs 203,961 - 203,961 225,517 - 225,517
Travel & vehicle 2,477 - 2,477 3,723 - 3,723
Printing, postage and stationery 7,280 - 7,280 16,459 - 16,459
Facility hire 19,938 - 19,938 53,640 - 53,640
Catering 5,529 - 5,529 26,418 - 26,418
Equipment 85 - 85 9 - 9
Promotional materials 9,356 - 9,356 2,574 - 2,574
Professional fees 5,040 - 5,040 25,612 - 25,612
Sundries 19,498 - 19,498 56,089 - 56,089
Donated services - Facility hire 73,560 - 73,560 63,343 - 63,343
Support costs 342,493 8,025 350,518 439,549 7,505 447,054
Total 689,217 8,025 697,242 912.933 7,505 920,438

52

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

3b - EXPENDITURE ON CHARITABLE ACTIVITIES

3b - EXPENDITURE ON CHARITABLE ACTIVITIES 3b - EXPENDITURE ON CHARITABLE ACTIVITIES 3b - EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Res tricted		 2025 Unrestricted
Res tricted
2024
£
£		 £ £
£
£
Staff costs
-
2,330,367		 2,330,367 -
2,099,386
2,099,386
Travel & vehicle
-
53,041		 53,041 -
91,106
91,106
Printing, postage and stationery
-
4,198		 4,198 -
5,590
5,590
Equipment
-
5,617		 5,617 -
4,548
4,548
Utilities
-
-		 - -
16
16
Professional fees
-
59,026		 59,026 -
167,905
167,905
Catering
-
59,197		 59,197 -
51,053
51,053
Venue costs
-
39,952		 39,952 -
32,823
32,823
Promotional material
-
18,673		 18,673 -
3,399
3,399
Sundries
-
165,439		 165,439 -
262,197
262,197
Donated services - Facility hire
185,652
-		 185,652 128,605
-
128,605
Charitable donation
10,550		 10,550 -
10,000
10,000
Support cost
413,836		 413,836 -
535,755
535,755
Total 185,652 3,159,896 3,345,548 128,605 3,263,778 3,392,383

53

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

EXPENDITURE: CHARITABLE ACTIVITIES

Donations includes monies raised by Manchester City FC City in the Community Foundation, payable to external organisations, charities and campaigns.

DONATIONS MADE IN 2024-2025

DONATIONS MADE IN 2023-2024

54

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

3b - EXPENDITURE ON CHARITABLE ACTIVIT IES – KEY PILLARS

3b - EXPENDITURE ON CHARITABLE ACTIVIT
KEY PILLARS
IES –
Charitable Donations Direct Costs Support Costs Total Costs 2025 Charitable
Donations		 Direct Costs Support Costs Total Costs 2024
£ £ £ £ £ £ £ £
Healthy Peop le - 1,324,025 172,361 1,496,386 - 1,111,204 222,218 1,333,422
Healthy Futures - 1,031,833 187,696 1,219,529 - 945,039 240,567 1,185,606
Healthy Communities - 365,312 32,690 398,002 - 386,075 72,970 459,045
International Trips - 103,585 - 103,585 - 116,054 - 116,054
Other 10,550 96,407 21,089 128,046 10,000 288,256 - 298,256
Total 10,550 2,921,162 413,836 3,345,548 10,000 2,846,628 535,755 3,392,383

55

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

3c - EXPENDITURE: OTHER COSTS

3c - EXPENDITURE: OTHER COSTS
2025 2024
£ £
Audit and accounting fees 7,746 26,173
Other costs 13,885 34,192
Total 21,631 60,365
3d - EXPENDITURE: SUPPORT COST ANALYSIS
2025 2024
£ £
Staff costs 624,379 698,787
Travel & vehicle costs 19,107 32,897
Printing postage & stationery 2,470 837
Equipment 43,777 38,377
Utilities 16,868 17,940
Professional fees 8,574 36,594
Governance costs 16,590 37,800
Catering 1,012 5,526
Venue costs 10,903 12,414
Promotional materials 601 22,694
Sundries 20,073 78,943
Total 764,354 982,809

56

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

~~4 - FUNDS RECONCILATION - CURRENT YEAR~~

~~4 FUNDS RECONCILATION CURRENT YEAR~~
~~- -~~
Bal b/fwd 01/09/24
Income
Expenditure
Transfer Between Funds		 Bal c/fwd 31/08/25
Charity
£
£
£
£		 £
Unrestricted Funds
1,878,192
1,547,659
(874,868)
(622,407)		 1,928,576
Designated Funds
213,548
-
-
-		 213,548
Total Unrestricted Funds
2,091,740
1,547,659
(874,868)
(622,407)		 2,142,124
Group
Unrestricted Funds
1,928,880
1,765,739
(896,500)
(622,407)		 2,175,712
Designated Funds
213,548
-
-
-		 213,548
Total Unrestricted Funds
2,142,428
1,765,739
(896,500)
(622,407)		 2,389,260
Charity & Group – Restricted Funds
Project Mexico City
24,542
-
(25,000)
458		 -
Kicks/Disability
(940)
345,150
(524,175)
179,965		 -
City Careers & Princes Trust
28,423
5,500
(62,294)
28,371		 -
Soccer Schools
2,886
28,400
(131,559)
100,273		 -
Cityzens Giving Project
(290)
-
-
290		 -
BTEC Ashton College
-
120,612
(126,646)
6,034		 -
CFG Young Leaders Trips
(12,881)
106,182
(103,584)
-		 (10,283)
Primary Stars
(11,350)
406,200
(467,380)
72,530		 -
City Thrive
(3,987)
99,619
(224,804)
129,172		 -
City Ready
17,409
-
(66,035)
48,626		 -
BTEC Connell College
-
161,497
(157,325)
(4,172)		 -
BTEC Oldham College
-
124,695
(156,725)
32,030		 -
Inspires
-
227,600
(241,822)
14,222		 -
Health y Goals
87,323
68,065
(83,021)
-		 72,367
City Play
(7,952)
336,192
(420,055)
91,815		 -

57

CITY IN THE COMMUNITY FINANCIAL REPORT 2023-24

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

4 - FUNDS RECONCILATION - CURRENT YEAR

CONTINUED

Bal b/fwd 01/09/24
Income
Exp enditu re
Transfer Between Funds		 Bal b/fwd 01/09/24
Income
Exp enditu re
Transfer Between Funds		 Bal b/fwd 01/09/24
Income
Exp enditu re
Transfer Between Funds		 Bal b/fwd 01/09/24
Income
Exp enditu re
Transfer Between Funds		 Bal b/fwd 01/09/24
Income
Exp enditu re
Transfer Between Funds		 Bal c/fwd 31/08/25
Charity & Group – Restricted Funds Continued
£
£
£
£		 £
City Lifestyles
-
-
-
-		 -
BTEC eSports Oldham College
-
49,451
(53,693)
4,242		 -
BTEC Cheadle College
-
-
-
-		 -
MMU Degree
-
320,937
(222,081)
(98,856)		 -
Water Project
(664)
-
-
664		 -
Veterans Project
8,446
-
-
(8,446)		 -
Christmas Campaign
-
-
(10,000)
10,000		 -
Blue Run
5,000
-
-
(5,000)		 -
Safeguarding Salary contribution
-
17,500
(17,500)
-		 -
Nothing Ven tured
1,160
-
-
(1,160)		 -
City Mentoring
-
46,214
(67,563)
21,349		 -
Reminiscity
-
10,000
(2,352)
-		 7,648
City Onside
-
19,631
(4,307)
-		 15,324
Total Restricted Funds 137,125 2,493,445 (3,167,921) 622,407 85,056
Total Funds – Charity & Group 2,279,553 4,259,184 (4,064,421) - 2,474,316

Transfer between funds

Negative restricted fund balances are supported by the unrestricted funds. Transfers in the year represent the use of unrestricted funds to fund certain of the costs of restricted fund projects

Designated funds

Where fundraising initiatives are held specifically for an existing or new programme it may be required that these funds will be ring-fenced for the following years and classed as designated funds in the unrestricted reserves.

58

CITY IN THE COMMUNITY FINANCIAL REPORT 2023-24

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Continued

Notes to the Financial Statements

~~4 - FUNDS RECONCILATION – PREVIOUS YEAR~~ CONTINUED

~~4 FUNDS RECONCILATION – PREVIOUS YEAR~~ ~~4 FUNDS RECONCILATION – PREVIOUS YEAR~~ ~~4 FUNDS RECONCILATION – PREVIOUS YEAR~~ ~~4 FUNDS RECONCILATION – PREVIOUS YEAR~~ ~~4 FUNDS RECONCILATION – PREVIOUS YEAR~~
~~-~~
CONTINUED
Bal b/fwd 01/09/23
Income
Exp enditu re
Transfer Between Funds		 Bal c/fwd 31/08/24
Charity & Group – Restricted Funds Continued
£
£
£
£		 £
City Lifestyles
5,975
-
-
(5,975)		 -
BTEC Cheadle College
-
54,814
(84,955)
30,141		 -
MMU Degree
-
276,948
(228,460)
(48,488)		 -
Water Project
(664)
-
-
-		 (664)
Veterans Project
8,446
-
-
-		 8,446
Christmas Campaign
(14,351)
-
(10,000)
24,351		 -
Blue Run
-
-
-
5,000		 5,000
Safeguarding Salary contribution
-
16,500
(16,500)
-		 -
Nothing Ventured 1,160 - - - 1,160
Total Restricted Funds 219,662 2,593,881 (3,271,283) 594,865 137,125
Total Funds – Charity & Group 2,268,744 4,383,995 (4,373,186) - 2,279,553

Transfer between funds

Negative restricted fund balances are supported by the unrestricted funds. Transfers in the year represent the use of unrestricted funds to fund certain of the costs of restricted fund projects.

Designated funds

Where fundraising initiatives are held specifically for an existing or new programme it may be required that these funds will be ring-fenced for the following years and classed as designated funds in the unrestricted reserves.

59

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

4 - FUNDS RECONCILATION: RESTRICTED FUNDS

Kicks/Disability - To create a strong, safe and more respectful community by developing young people’s potential through the power of sport. This programme now also incorporates both our Disability and Women’s projects. Providing a range of sporting opportunities for young people with disabilities in school and out of school to include football, rugby, athletics & netball and to engage with Women & Girls in the local community to enable them to take part in sport.

Primary Stars - The Premier League Schools Sport Programme is a high-quality series of bespoke programmes that meet individual needs and requirements of Primary Schools in Manchester

Connell College (BTEC) - A two-year B-Tec course in partnership with Connell College, a Level 3 Extended Diploma in Sport for 16–19-year-olds.

Oldham College (BTEC) - A two-year B-Tec course in partnership with Oldham College, a Level 3 Extended Diploma in Sport for 16–19-year-olds.

Oldham College eSports (BTEC) - A two-year B-Tec course in partnership with Oldham College, a Level 3 Extended Diploma in eSports for 16–19-year-olds.

Cheadle College (BTEC) - A two-year B-Tec course in partnership with Cheadle College, a Level 3 Extended Diploma in Sport for 16–19-year-olds.

Ashton College (BTEC) - A two-year B-Tec course in partnership with Ashton College, a Level 3 Extended Diploma in Sport for 16–19-year-olds.

Inspires - Using MCFC as an example of a business providing young people with an OCR accredited Entry Level 3 Business & Enterprise qualification. 21 hours’ project delivery per cohort of students suing a flexible delivery model at schools or the Etihad stadium.

City Play - The programme covers the EYFS curriculum delivered for all sessions. Sessions to include physical development, communication and language, personal, social and emotional development and links to cross curricular such as shape space and measure and phonetical sounds. Cover key elements of the prime areas of the EYFS National curricular:

City Thrive - City Thrive provides mental health support for all of City in the Community’s participants aged up to 25. The project blends specially adapted football sessions with one-to-one mentoring and group workshops on mental health awareness.

City Careers & Princes Trust - An employment programme for young people aged 16-24 who are not currently in employment, education or training.

City Lifestyles - The programme is designed to encourage children to make Healthy choices from an early age by supporting families to develop their skills and confidence when preparing and cooking meals.

Soccer Schools - Soccer schools is a free holiday provision, providing a safe place to play football and a free meal each day. Soccer schools is supported by HAF to help combat holiday hunger.

CFG Young Leaders Trips - Internationally, CITC uses its experience to support global communities through shared learnings and practice, on behalf of Manchester City.

60

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

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Continued

Notes to the Financial Statements

4 - FUNDS RECONCILATION: RESTRICTED FUNDS

Continued

City Ready - CITC's City Ready sessions utilise a blended approach to support, delivering a combination of classroom-based group workshops and outdoor physical activity sessions to educate participants in areas such as mental wellbeing and employability. Alongside this provision inside the prison, participants are also offered 12-weeks of bespoke mentoring with CITC's specialist mentors, which aims to support their reintegration into communities across Greater Manchester.

Pitches Programme/Healthy Goals - Healthy Goals is a City Football Group (CFG) wide initiative to raise funds for CITC and invest them into creating safe, inclusive spaces to play for young people.

MMU Degree - A work-based learning degree delivered in partnership with Manchester Metropolitan University, equipping students with coaching and leadership skills through academic study and practical experience.

Blue Run - The Blue Run is a CITC fundraising event, whereby Manchester City fans of all ages and abilities take part in a 5km or a 2.5km fun run around the Etihad Stadium whilst being covered in blue paint powder

City Mentoring – A blended approach to relationship building through consistency of engagement and behaviour change principles with young people on the periphery of/ with a vulnerability to criminality.

ReminisCITY – A reminiscence programme for individuals with a diagnosis of dementia and their carers/family members offering a safe space using football to engage in various memory sharing activities.

City Onside – A multi agency approach offering holistic support for young people that have a long term involvement with Royal Manchester Children's Hospital, their siblings and their parents/carers.

61

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

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Continued

Notes to the Financial Statements

5 - NET MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
2025 2024
£ £
Fees payable to the company’s auditors for the audit of the company’s annual accounts 16,590 47,800
Fees payable to the company’s auditors for other services to the group:
The audit of the company’s subsidiaries pursuant to legislation 6,000 10,000
Taxation compliance services 1,600 2,940
Hire of assets – operating leases 18,097 12,316

62

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

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Continued

Notes to the Financial Statements

6 - ANALYSIS OF STAFF COSTS, TRUSTEE

REMUNERATION AND EXPENSES, AND THE COST OF

KEY MANAGEMENT PERSONNEL

The average number of full-time persons employed by the Charity (including Trustees) during the financial period was 82 (2024 - 76). An average of 40 part-time/casual staff (2024 - 36) were also employed during the period. There were no staff employed by the Trading Company.

The aggregate payroll costs of these persons were as follows:

2025 2024
£ £
Wages and salaries 2,679,086 2,574,487
Social security costs 282,495 234,388
Other pension costs 197,126 214,815
Total 3,158,707 3,023,690

The charity trustees were not paid or received any other benefits from employment with the charity or its subsidiary in the y ear (2024: £nil) neither were they reimbursed expenses during the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

63

CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

6 - ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY MANAGEMENT

PERSONNEL

Three employees received emoluments for the period in excess of £60,000 (2024: 3). Pension contributions were made to the em ployees during the period of £18,668 (2024: £46,122). There was no termination payment made for a Key Management position in 2025. (2024 - £87,771)

2025 2024
No. of employees No. of employees
£110,001-£120,000 0 1
£80,001-£90,000 1 0
£70,001 - £80,000 0 1
£60,001 - £70,000 2 1
Total 3 3

The key management personnel of the parent charity, comprise the trustees, the CEO of City in the Community, Head of Finance, Head of Operations, Head of Partnerships, Head of People & Culture, and the Head of Communications. The total employee benefits of the key management personnel for the charity were £372,762 (2024: £484,065) and pension costs of £29,823 (2024: £64,297).

7 - TAXATION

The Charity raises and utilises funds, subscriptions and donations to meet its charitable objectives promoting youth football and educational facilities. The Charity does not trade for profit. As stipulated in the Charity's articles the assets remaining on the winding up or dissolution would not be distributed to members but given to another charitable institution with similar objectives, consequently, any operating surpluses are considered exempt from corporation tax. The Charity enjoys charitable status and so is not liable to UK corporation tax on bank interest received.

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CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

8 - INVESTMENTS
2025 2024
£ £
Investments – subsidiary 1 1

The company owns 100% of the shares of its subsidiary company Manchester City FC CITC Foundation Trading Company Limited, a C ompany incorporated in England & Wales, with the same registered office as its parent, registration number 08037713. At the year end, the company had net assets of £247,137 (2024: net assets £50,688). For the period ended 31st August 2025 the company had turnover of £368,768 (2024: £353,008) and made a profit of £347,137 (2024: profit £292,643). The principal activity of the company is to receive sponsorships from external companies.

9 - DEBTORS: DUE LESS THAN ONE YEAR

9 - DEBTORS: DUE LESS THAN ONE YEAR
Group 2025 Group 2024
Charity 2025
Charity 2024
£ £
£
£
Trade debtors 426,764 67,822
274,171
37,089
Prepayments 12,561 7,523
9,255
7,523
Amounts owed by related parties 123,514 -
33,550
-
Taxes and social security - -
-
-
Accrued income 66,503 123,247 47,749 61,025
Total 629,342 198,592 364,725 105,637

Amounts owed by group and related parties are interest free and repayable on demand.

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CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

10 - CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

10 - CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
Group 2025 Group 2024 Charity 2025 Charity 2024
£ £ £ £
Trade creditors 39,734 23,491 37,579 17,250
Taxes & social security 97,608 70,077 60,551 69,670
Amounts owed to related parties - - - -
Accruals 349,209 348,942 341,609 324,459
Deferred income (note 12) 180,960 315,358 139,293 270,246
Total 667,511 757,868 579,032 681,625

There were no secured balances included in creditors.

Amounts owed to Group and related parties are interest free and payable on demand.

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CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

11 - DEFERRED INCOME

Deferred income represents sponsorship/grant income received in advance from various sponsors/funders and is outside the cont rol of the charity.

Deferred income Group Charity
£ £
Balance as at 1 September 2024 315,358 270,246
Amounts received and deferred in the year 2,199,191 2,149,191
Amounts released to incoming resources in the year (2,333,590) (2,280,145)
Balance as at 31 August 2025 180,960 139,293

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CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

12 - ANALYSIS OF TOTAL FUNDS

12 - ANALYSIS OF TOTAL FUNDS
Analysis of total funds - Group Unrestricted funds Res tricted funds Total 2025 Unrestricted funds Res tricted funds Total 2024
£ £ £ £ £ £
Fixed assets - - - - - -
Current assets 2,604,419 537,408 3,141,827 2,430,738 606,683 3,037,421
Creditors falling due within one year (215,159) (452,352) (667,511) (288,310) (469,558) (757,868)
Creditors falling due after more than one year - - - - - -
Total 2,389,260 85,056 2,474,316 2,142,428 137,125 2,279,553
Analysis of total funds - Charity Unrestricted funds Res tricted funds Total 2024 Unrestricted funds Res tricted funds Total 2023
£ £ £ £ £ £
Fixed assets 1 - 1 1 - 1
Current assets 2,268,804 537,408 2,806,212 2,303,806 606,683 2,910,489
Creditors falling due within one year (126,680) (452,352) (579,032) (212,067) (469,558) (681,625)
Creditors falling due after more than one year - - - - - -
Total 2,142,125 85,056 2,227,181 2,091,740 137,125 2,228,865

The charity has taken advantage of the exemption contained within section 408 of the Companies Act 2006 not to present its ow n profit and loss account. The deficit for the period dealt with in the accounts of the charity is £1,686 (2024: surplus of £64,473).

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CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

13 - OPERATING LEASE COMMITMENTS

At 31 August 2025 the charity had annual commitments under non-cancellable operating leases as follows

2025 2024
Other: £ £
Amounts due within one year 22,537 18.357
Amounts due between one and five years 25,588 36.552
Total 48,125 54,909

There are no other commitments at the current and prior year end.

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CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

14. RELATED PARTY TRANSACTIONS

The Trustees consider that Manchester City Ltd and its subsidiaries Manchester City Football Club Ltd, City Football Marketing, City Football Group and City Academy are related parties of the Charity by virtue of significant influence.

The relationship between the charity and Manchester City Football Club is defined in a signed SLA.

The Charity receives support from Manchester City Football Club Ltd and City Football Group to the extent that office premises and use of the football pitches at the CFA site are provided free of any charges. In addition, the football club provides in-kind support of key personnel from a range of departments within the organisation to support the activities of the charity. The monetary value of the donated services is estimated at £259,212 (previous year £191,948). In addition, the football club provides in-kind support of key personnel from a range of departments within the organisation to support the activities of the charity, however it is not possible to value this support. At, 31 August 2025 £123,514 was owed to the Charity (2024: £700). Transactions were undertaken on an arm's length basis where applicable.

S Cliff is an employee of City Football Group Limited. S Cliff is company secretary of City Football Group Limited and Manchester City Football Club Limited.

The 2024/25 reporting period included the following financial support from City Football Group to Charity (2025 - £481,990, 2024 - £273,594):

The 2024/25 reporting period included the following financial support from City Football Marketing to Charity (2025 - £70,000, 2024- £450):

The 2024/25 reporting period included the following financial support from the Club to Charity (2024 - £30,958, 2023 - £74,588):

The 2023/24 reporting period included the following financial support from the Academy to Charity (2025 - £0, 2024 - £0):

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CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: AD302A7A-681D-867C-81E6-33D426AF141E Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Continued

Notes to the Financial Statements

14. RELATED PARTY TRANSACTIONS CONTINUED

The 2024/25 reporting period included the following financial support from Manchester City Women's Football Club to Charity (2025- £400, 2024- £0): £400 staff costs for CFG Fanzone sessions

T N Pitchon is an employee of City Football Group Limited.

D Wilson is an employee of Manchester City Football Club.

The Gift Aid amount transferred from Manchester City FC CITC Foundation Trading Company Limited to Manchester City FC City in the Community Foundation was £150,688 (2024: £346,307).

One of the Trustees, Gary Tipper, made donations to the charity in this period of £17,500 (2024- £0).

One of the Trustees, Sara Todd, made donations to the charity in this period of £500 (2024- £0).

One of the Trustees, Kevin Parker is the General Secretary of the Manchester City Official Supporters Clubs, which have made donations to the charity in this period of £51,220 (2024- £18,318).

No other Trustees financially contributed to or received any funds from the Charity.

See note 6 for details of remuneration paid to trustees.

CONTROL

The Charity is limited by guarantee and therefore does not have any share capital. Any liability of its members is restricted to £10 per member.

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CITY IN THE COMMUNITY FINANCIAL REPORT 2024-25

Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6

Certificate Of Completion

Envelope Id: AD302A7A-681D-867C-81E6-33D426AF141E Subject: Foundation Financial Report 24 25.pdf Source Envelope: Document Pages: 71 Signatures: 3 Certificate Pages: 4 Initials: 0 AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC) Dublin, Edinburgh, Lisbon, London

Status: Completed

Envelope Originator: Elsayed Salem

Regent’s Place 14th Floor 10 Brock street London, Greater London NW1 3FG elsayed.salem@cityfootball.com IP Address: 154.14.205.101

Record Tracking

Status: Original Holder: Elsayed Salem Location: DocuSign 4/27/2026 2:32:20 PM elsayed.salem@cityfootball.com Signer Events Signature Timestamp Gary Tipper Sent: 4/27/2026 2:49:32 PM gary.tipper@palatinepe.com Viewed: 4/27/2026 4:59:13 PM Partner Signed: 4/28/2026 1:17:08 PM Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 2a02:c7c:e647:8500:c811:992:2192:f589

Electronic Record and Signature Disclosure:

Accepted: 4/27/2026 4:59:13 PM ID: 86e22918-1802-4f33-9714-4059344da1e3

In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 4/27/2026 2:49:32 PM
Certified Delivered Security Checked 4/27/2026 4:59:13 PM
Signing Complete Security Checked 4/28/2026 1:17:08 PM
Completed Security Checked 4/28/2026 1:17:08 PM
Payment Events Status Timestamps
Electronic Record and Signature Disclosure

Docusign Envelope ID: 4DB2EC45-02EE-829F-80D5-BEC9E23E4DE6 Electronic Record and Signature Disclosure created on: 7/25/2019 3:07:23 PM Parties agreed to: Gary Tipper

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