REGISTERED COMPANY NUMgeR: 07347408 IEn8land and Wales) REGISTERED CHARITY NUMBER.. 1140LW6 Report of the Trustee5 and FlnancSal Statements for the Year Ended 31 August 2025 for StevÈna8e Football Club Foundation Umlted
5tevena6e Football Club Foundation Limited Conrent5 of the Financial Staiements for the Year Ended 31 August 2025 Page Reference and AdministrativE Details Report of the Trustees Report of the Independent Auditors 9 to 12 Statement of Financlal ActNities 13 statement of Financial P051tian 14 Statement of Cash Flows 15 Notes lo the Statement of Cash Flows Is Notes to the Financial Statements 17 to 27
Ste¥ènÈge Football Club Foundation Limited Reference and Administrative Details for the Year Ended 31 Au8U5t 2025 TRUSTEES R A Gochln I51gned 3115120261 M R Hubbock5 H V V Hughe5 lappointed 2117120251 D M Isted M CJ Lewls lappolnted 21n120251 K K Madhanl ST E McQuÈen M P Rayner lappointed 21n/20251 J L sullivan (appointed 2117120251 C L Thornpson P O Wallace R Joyce Trtssttre (resigned 2412120261 COMPANY SECRETARY M R Hubbocks REGISTERED OFFICE Steven3ge Football Club 8roadh411 Way Stevena8 Hertfordshire 5G2 8RH REGISTERED COMPANY NUMBER 07347408 IEng13nd and Wales) REGISTERED CHARITY IIVMBER 1140006 AUDITORS 8racey's Accountants IAuditl Limited 5t3tutory Auditor, Ch&rtered Arcountants Unit l The Cam Centre Wilbury Wav Hertfordshl SG4 OTW Page I
Steveiiage Football Club FoUndatOn Limited RÈport of the Trustees for the Year Ended 31 August 2025 The trustees who are abo director5 of the charity for the purposes of the Cornpanies Act 2006, present their report wlth the Inancl81 staiements of the charity for Ihe year ended 31 August 2025. The trustees have adoptèd Ihe provisions of Accounting 3nd ReportinÈ by Charities.. Staternent trf Recarnmended Practice applic3ble to charities preparing their accouiits In accordance with the FSnancial Reportin8 sthndard appllcable In the UK and Republlc of Ireland IFFS 1021 leff&rtive l January 20191. OBJECTIVES ANDAcnviriES Misslon Statement Our misslon is to dellver local and acre5sible opportunities for 311. using the power of sport and SteveDage FC to Inspire our community to livÈ active, hÈalthy, p051thfe lives and create i sense of belonging and purpose. Charity Obl¢cls and Outcomes The Chailty's obleets are for ihe bènefit of the public In gener&1 in HertfordshSre and surroun(Sing areas, wlthout discriminatlon, a5 foll(Iws'. 111 to provide physical, menral. cultural and moral education.. 121 to provlde and promote communlty participatlon in healthy recreation by provlding f3cllities for the playing of football, other 5POrts and physical litness c3pable of improving physical and mental health,. activitle51 for sporL recreation or other leisure tirne occupation Df such persons who have need for sucli facilitles by reastrn of their youth, age, infirmlty or disablement. PDverty or social and economic circumstantes or for the public at large In the Interest5 of social welfare and with rhe object of improving theirconditions of Ilfe., 141 to advance the educatlon of the publlc and provide opportunities fDr them tg develop their full capacities and enable them tD become responsible, positive membÈrs of society so that their conditlOn5 of life and healih may be improved,. and 151 the furtherance of such 4 charitable purpose or charltable purposes as the trustees shèll from time to time think lit. The trustees confirrn that they have conslderpd the Charity Commi$5ion'$ general guidancè on public benefit when reviewing the charlty's alms and objectives and in planning future actlvitie5. The Foundation ¢Hrries otrt Its objectives by providing 8 wide range of sport rElated and ediicational based proltct5 and activities planned to cover the key areas of Healthy Habits, Aspile to Thrlve. Places & Space5 and Our Boro, whlch have been identified by ih? Foundation as local priorities, linked to those identified by the English Football League Trust & Premief League Charitablè Fund as key in uslng the powEr of sport to rnake a dlfference, inspire beliefs and change culture5. The English Faotball League Trust and Premier League Charit3ble Fund provides essential funding for Its core actlvities. To Llo this, Lhere are four key outcomes that Ihe Foundatlon focuses on.. l. Improved Health & Wellbein8 2. Greatpr Life Opportuni(ies 3. 53fer & More Cohesive Communlties 4. More Inclusive & Oiver5e Football Club Charity & Club Page 2
Stevenage Football Club Faundaiion Limited Reporr of the Trustpes for the Year Ended 31 August 2025 OBJECtIVES ANEI ACtIVlTIES Achlevements and Performance The Foundation'5 core ÈctivitlÈs aro deliver ècross three prlncipal are35'. Education & Learning, Community Enga8ernÈnt, ad Health & Wellbeing, These are provided inclusively to 5UPPOrt people from all background5 Wlthin our community to lead active, Thls Is achieved through the delivery of more than 30 projects, each contributing to the Foundation's four key outcomes.. Imprtsved health and wÈllbÈin& greater Ilfe opportunltles, safer and more cohesive tommuniti. and a more Incluslye and diverse CCO ènd Club. During the year, stronger links were established wtthin the education sector through the provision of support 6Trd ancillary servic to local nurseries, Pfimary schoo15, secondary schools, and Educa%ion Support Centres. These servl¢es were dellvered through both curricular and extra-curricular packages, with the alm of developnE long-terrr strategic partnerships through high-qu31ity sport and education sesslons, 8lc>ngside donated s5gned club rnerchandise, stadium tours. and first-leam player visits from the men's and women's teams. In addition, the Foundation delnfered a ran8*. of health- and sport-based provision within the local community, Includin8 evening, weekend and holiday ¢oaching for all age 8roup5, a5 well as a number of 5tr3tegic programmes t3r¥eted at specific detllO8raphi gfOUPS. These initiatives used football 35 3 vehicle to engage participants and support posltive outcomes In their live5. The Foundat continues to drive 5ignilleani impact in the local community. The m05t recent evaluation by Substance for the EFL Trust. found we delivered flO.69m worth of 50clal value to our local communlty, spènning flve lotal authority areas in Hertfordshire IStevena8e, North Hertford5hire, East Herts, Broxboume, and Welwyn Hatfieldl. ThSs fi8ure hl8hll8his that for every £1 Invested by rhe Foundation, £12.94 worth of social value is returned to our community. Thls has been achiÈved through 9,293 hours of dellvery to 13,733 unlque individuals. investing £937,520 and spendin8 £68.27 per In addition to the core acr1vie$ the Foundation received fundlngfor a range of proletts including.. Strength & Balance Herts Sport & Phy51cal Artivity Partnership, through Hertfordshire County Council Household Suppoft Fundln& provided a fovrth year of funding to support the provision of over 23 weekly se55ions acr055 Hertford5hire for older aJult5, wlth the aim of reducln8 the prevalen£e of falls amongst older adult5. particularly those at risk of Isolation and loneline$5. Education & Learning the Z024-25 academic year the Foundation continued to see a growth In 11$ schools partnerships. growing to 39. Thi5 coincided with the Introduction of a more robust alternative provision model offered in partnership wrth Stevenage Education Support CÈntre, and a supplementary Improved relationship with secondary Sthools within our local communltv. The Foundatlon remains Focused on developing opportunitie5 for youn8 people to access employmènt in our sector, and during the year. offered two new apprentiShIps, as well 85 offering existing 8pprenti£eshlps full-time work at the completion of their Studies. National Citizen Service We delivered the second and final yeaT of the NCS programme- deliverinE 225 places and prowding 49.5 hours of provi5i0n per person across secondary school and further educ3tlon college settings. INCSI HAPpy Camps & Holiday Provl$lon The Holiday ActrJlty and Food IHAFI programme continutrd a8ain this year. Wlth fundin8 SÈturÉd from Hertfordshire Comrnunitv Foundation ènd Herts sport & Physical Attlvlty Partnership1£93.6001, the Foundation w35 able lo offfer over 3,120 sp?ces for ffree holiday provision, alongside 8 hot meal for children Ih areè of high deprivation and on benefiis related free-school mÈal5. The Fed & Read programme was continued zgain this year, in partnership with Herts Sport & Physical Activity Partnership ind Apex Multl-sports, to olfer countywide provlslon. We secured £41,600 to expand de1wery to the most deprived local èuthority wards in Hertfordshirè. with provision widened 10 non-sport a£tlvities such 35 games, arts and crafts. Glrls, Talent Pathway The girls, pathway continues to be a stron8 area for the charity, pro¥idln8 Opportunities for female football It) 2024D5. 214 players took part in the pathway, and 10 playe progressed to make competitive debuts for StevenaEe FC Women, completing their p8thwayiourney Into senior women's football. Pige 3
Stevenage Football Club Foundation Lirnited Report of the Trustees for the Year Ended 31 Ausu5t 2025 OWECYIVES AND ACTIVIMES Joy or Moving In partnership with Ferrero, the English Football League Trust IEFLTI provlded just over £13.(XKI in lundinE to dellver Lhe Joy of Moving progr8mme to Yeir S pupils In local primary schools. More than 900 children took parr in the sim-week pro8ramme, which focused on the fundamentals and Importance of Ilvln8 a healthy Ilfe5tyle. The programme concluded with a Joy of Moving festiv31, brlneing participating schools logpther to cplebrate the project'5 success. Premler League Charltable Fund In the 2024-25 academi¢ yeèr the Foundatltrn recelved £IOO,OL¥J to deliver their PrrnarY Stars IE50,WOI and Klcks 1É50,(XI)I projects, 8$ parr of a the second year of a new three year fundlng tycle. Additionally, £IO,LN)O was secured to support core chafitèble activities and E2S,000 from the Fan5 Fund. Prlmary 514rs have supported 36 ieachers In local prlmary schools, to bulld their confidence in delivery of PE & School Sport, offerlng rhe support alongside a huge online dalabase of resourcÈ5 provlded by ihe Premier Lea8ue ovèr a 10 week period. Furthermore, 48 targetÈd intervention5 have been delivered 35 part of the FoundatSon's Personal, Social, Health and Economic education Change to Enga82 Intervention, 21 education artlV3tion5 were delivered around tOPlC5 such as World 8oc>k Day and Resilience, locusing on the importance of a positive altitude and tsslng helpful thinkin8 to approach situations These activatlons were delivered alongside nine anti-discriminatlon workshop5 for key-5tage 2 thildren to Support the No Room for Raclsm catnpaign. Flnally, the Foundatlon hosted five co[npetitns for local primary schoc>ls to enEa6e with intludin8 5n-hou5e sport5 day5 and a girls football festival at the Stevenage FC Academy. Three social action projects were dèlivered, all with different focuses. These focused on the renovation of outdoor space and garden areas In schools. These projÈclS were chosen and delivered by ihe children at thelr respectwe schools. Social action has a150 been 3 theme within our Premier League Kicks programme whlch has en8aged with 582 particlpants acr05S tvlo Sites in StevÈnagÉ, and Welwyn Hatfield offerlng both boys and Élrl$ 8ged 8-19 years old the Dpportunity to en8a8e with sport Èitherfor the first time orto re*n83ge with it. The Foundation Youth Board, now In its second year. continue5 to provlde a particlpant Voice acr055 all our programme5 and governance. This ypar young people havp. fed into the design of several projects and are establishing their own youth volee actlvlties o represent the Foundation and wider club. Core funding wa5 Utili5ed to ensure that the charity could maint?in the required level OF workforce to rnaxim15e operationèl efficiency through finance, HR and day to day operations. Portable Pltch During tho year the Foundation continued to urili5e a portable community pitch asset in support of t5 charltable activities and cummunitydelivery. Due to the absence of a formal valuation the asset has not been recogn15ed within the bilance sheet. Alumnl Fund Durlng ihe year the Trustee5 reviewed the historical tre3tTnent of monie5 assoclated wlth a former alumni fundraisifjg initiatve. Following this revlew funds of £3.129 were designated from unrestricted resee$ to rEflett their IntÈnded purpose and strengthen Lransparency iegardlng their future use. Women & Glrls P8thwav Followin8 a strategic review undertaken jointly with Stevenage Football Club, the Foundation agreed a phased transition of elements of the Women & Glrls pathway to the Footbèll Club. As the transition commenced following the flnancial year end therp was no materlal impacr on the 2024125 financial statements. Trustees bÈllÈve the approach supports the long term sustainability of the pathway whilst alk¥win8 the Foundation to rnaintain focu5 on It5 wider charitalAe activities and community objectives. Developrnent ol Staff During t.he year, the Foundatlon has invested heavily in the provlslon of workforce deve(opmÈnt opportunities for Stsff at the Charity. In addition to opportunities provided by the Premier League Community Fund and EFL Trust. the Foundaiion has delivered staff training for both full-time and casual staff totalling in 810 hours worth of continJed professional development for thosè employed by the charlly. Governance- Cap•blllty Code of Practlce The Foundalion continued to slrongthen and embed hl8h standards of Eovernance atr055 the organ1tIOfi. operatin8 In accordance with the Premier League Cèpabilitv CDde of Practice. During the year, both policy and practice were subjert to cntical review acro55 a ranae of key govÈrThance area5, including $6fe8uardin& Finanie, Data Protection, Risk Management, Pèople, Equality. Diverslty nd Inclusion. Strategy, and Environmental Sustain3bility. The Fc>undation has a clear plan for thè continuous development of It5 governance arrangements to ensure it retnains at the forefront of charitable governance and organisational performance. Page 4
Stevenaee Football Club Found8tion Limited Report of the TrusteÈ5 for the Year Ended 31 August 2025 08JECTWES ANDA1vlEs Fundraislng Fundraising Is now the pdmary strateEi£ focus trf the foundètion. Thls y@ar many of c>ur larger contracts have come to èn end, intludin8 National Citizen Serthce INCSI, Fit Fed & Read IFFRI and the Premier Lpague Fans Fund. Replaclng these is a priorfty for thÈ foundation. stevena8e Football Club Foundation Llmited Is a member of the Fundrdtsin8 Regulator. fo date, the Trust has not receried any complhints with rE8ardsto fundraisin8 Octlvities and 3rÈ mindful Tlot to undErtake Fundraising artivities thai.. Intrude on prl¥acy, are unreèsonably pÈrslstent, or put any pèrsr>n- especially vulnerable people- under undue pressure to donatt. Stevenage Football Club Foundation Umlted does not employ or engage with any external fundraising agencies and do not undertake any strpet-fuodralsing or telephone cold-calllng. Plans for futur2 perlods During the year the Board commenced developrneni of ihe Foundati¢Th's next 3 year 5trBte8ic plan, intended to build on the slgnificant growth and irnpaci achieved in recent year5 and help shape the nèxt phase of the FoUndatOn'$ development. This will include a period of ton5ultÈtion vjith local stakeholder5 to undèrstJnd the Treeds opportunities to whlch we should be re5pondiDg. Identifylng new opportunities to develop provision and sustaln levels of income that allow the tharity to oper&te is something that remalns front and etnirÈ for both the executlvt and board. N4vi8ating key challenges around Local Government Reorganisalion will be ? key focus, Uncertainty around the future tnodels doe5 creare uncertainty blrt the Foundation will plin for all eventualities to ensure we're èdequatÈly equipped to respond to whatever model emerees. We will ¢ontinuE to dellver core activltiÈ5 such as Premier League Primary 5tar5. Premier League Kicks. Joy of MovinÈ, ènd holiday provision continue alon85ide our own actiwitie5 such as 5UPPOrt local prlrnary and second3ry schools with currlcular and èxlra- curricular artDittses, Walking Football and rnatchday artivities. Page S
Stevena8e Football Club Foundation Limited Report of the Trustees forihe Year Ended 31 Au8usr 2025 STRucfiiRE, GOVEANANCE AND MANAGEMENT GoveTnl#8 dowment 5tevena8e Football Club Foundation LlmltÈd is a chariiable cotnpany limited by guarantee. Incorporated on August 17. 2010 and registered a5 a charity on January 25. 2011. The cornpany was established undtr a Memorandum ol A550Ci3tion and is governed under its Articles of Association. In the event of the comp3ny being wound up members are required to tontributè an amount not exceedin8 £10 AppolntMe*t of tru5tpes The trustee5 who are directors for the purpose of cornpany law and trustees for tho purpose of charity law. who served during the year and up ro the date of this report, are set out on page l. New trusrees are 3ppointed upon the recomTDendation of existing trustees. One Ihird of the trustees must retire at each annual general meetin8 and offer themselves for re-election, Risk martagement The Found4iion's operations expose it to i variety of financial and operational rlsk% that indL4de working wlth chlldreni people whh disabilities ond adults ot risk. The Foundation has in place a rlsk management prograrnrne that seeks ro limir the adverse effects on the financial performance of the tharlty by monitorlngfinancial stabilitv. The Board of Trustep5 is aware of the required procedures involved in Ihe recrultment of staff pnor to employment in connection wlth working with children. pegple with disabilities and adult5 at risk. These procedurès are fDrmally written in the rlsk assessment manual together with following a documented recruitment procedure In order that all steps are taken to ensure that the FoundaLlOn tomplies wlth the relevant regulations. The Foundation 31$0 ha5 a ft)rrral health and Safety manual. Each activity is formerly risk è5SÈssed and approprfate documentation completed prior to the commencement of that 3Ctivity- The trustees are aware of the appropriate safegu8rd5 in place in c>rder lo mitlEate ihe risks oFthe Foundation in ihis respect. Durifig the year the Board formalised and strengthened its finantial OVEf5ight arrangements through the trpèration of a dedicated Flnance Cornmiitee, meeting monthly and reporting directly lo the Board of Trusiees The Commlttee supports rhe Board in overseeing financial performance, tashflow rnanagement, re5erve5, budgeting, risk management and financial contra15. This enhanced governance Structure has played an important role In supporlin8 the Foundation's improved financial stabilityand fopNard planning during the year. Day to day flnancial manasement Is undertaken by the Foundation's finance and operations team. oper8ting within approved financial polities and procedures. The Board 8nd Finance Committee continu& to monitor financial performance closely, inclding cashflow forecastln8, reserYÈs mana8ernent and emer8ln8 financlal rlsks. The Risk Register 15 reviewed by the Trustees updated on a regular basis. Go¥ernante Development ThÈ Foundation continuÈd to strengthen Its governance arran¥ÈmÈDts durlog the year through a trusteè recruitment proces5 designed lo broaden Skil$. experience and diver51ty across Ihe Board. This resulted in IhÈ appointment of fotsr nÈw twstees. further strengthening the Board's capatlty and strategic oversiEht. Or¥Èni5ational structure Day to day responsibility for the provision Df services rests with the Chief Executwe and senior leadership tearn. During the year the FouDdation underwtrni a planned leadership trahsltion following the fesignation of bng servlng Chi&f Executive Offlter, Joe Goude, after 31most 10 years in post. The Board formally recognised loe'5 $18nlficant contribLJtion 10 the growth and development olthe Found3tion during h15 tenure. Following Joe's departure, interim le3der5hip responsib51itie5 WèTQ jointly undertaken by Carly Westtrn and Dani Toyn whlle the Board progressed a struciured Chi&f Executive recruitment proces5. Subsequent to the year end, Pete Beeley was appointed as Chief Executlve to lead the next phase of the Foundation'5 development. Page 6
Stevènage Fooiball Club Foundation Limitpd Report ol ihe Trustees for the Year Ended 31 August 2025 FINANCIAL REVIEW The Foundation continued to strengtn its financi81 position dL'iing the year whllst rnaintaining and expa)ding the delivery of charitable activitie5 across StevÈna8É and the surrDundin8 Èreas. For the year ended 31st August 2025, the Foundation reported tot31 income of £l,051,76912024.. £887,3951, an increase ol £164,374118.5%1. growth wa5 driven by increased grant income, eKP3nded pro8ramme delivery and continued devplopment of p8rtner5hip5 acros5 the communlty. Granl income Increased to £601,19312024.. £488,160), reflecting the Foundation's contlnued success In securing Èxternal lundlng to support lis charitable objectives. Key funding partners included the Premier League Ch3ritabl@ Fund, English Football Le38ue Trust, Hertfordshire County Council, Hertfordshire Community Foundation and a range of local educJtion and community partners. Total expenditure for the year was El,DDI,106 12024.. £937,522>. Th& Incr2B5e in expenditure relects the continued srowth i charitable actlvliies Investment in programme dellvery, p3rticularly venue hire. programmè costs and opeiational suppor reouired to sustlin the Foundatlon's expanding reach and impact. The Foundation aihievÉd a total surplu5 of £50.663 for ihe year12024,, deficll or £50,127), representing a significant impravomeni in fin3ncial performance and a positive step in 51rengthenins the tharity's lon8 term fin3nci415JStainabillty and resilience. The Foundarion continued 10 delNer signiffcant value to the local community durin8 the yèar. Independent evalu3tion undertaken on behalf of the EFL Trust IdEiitifSed that the Foundatlon 8enerated £10.69 million of social value across Herifordshire, equatlng to £12.94 of Social v3lue for every £1 invested in it5 activiries. At 31 August 2025, total lund5 (restricted and unrestrictedl Stood at ES4.75112024.. £4,0881. roletUn8 the surplus generatpd during the year and the strengrhenlnB of the Foundation's overall financial posltion. Cash balances increased from É61,540 to £95,970 durlng the yÈtr, providing improved liquidity and financial resilience. Debtors reduced from £80.022 ro £55,930 whllst creditors reduced from E147,623 to £139.176. resultlnÉ in a stronger balance 5hÈet position at year end. Dudng thÈ year the Board further strengihened financial 8owernance arran8ements through the operation of a dedicated Finance Cornmittee. Meeting monthly and reporting directly to the Board of Trustees, the Committee provides oversight of finanelal performance, budgetin& ca5hflow managernent, reserves, risk manageMent 3nd financial controls. ReseNes Poll¢v The Trystees reco8ni5e the imw>rtance of rn3intaining adequate unrestritted reserves io prde financlal rIllence. support cashflow reyuirements 3nd protect the Foundation against unforeseen events or nuctuations in fundlng. At 31 August 2025 total re5Èrve5 were E54,75112024.. £4.0881. Of these reserve5, £31,460 3re restricted er¥e$ whith relate to the van's cBrrying value at the year end. This van was purcha5Èd outright durlng the ye&r from restricted funds and Is included wiihln motor vehicles. The TrteeS consider the strengthening of resemes duri48 Ihe year to be a posltive step towards improving rhe Found815on'5 financial sustaln8bi1Sty and reducinE reliance on any single seurce of IncomE. Prlntipal Flnancial R15k5 The princlpal financial risks facing the Foundation include reductlon5 in grant fundln& the endlng or rÈduetion of comFni5siDned pro8rammes, inflationary CL>St pressures and wider economic uncertainty affectlng Funding partner5 and stakeholders Golr*8 Concern The Trustees hawe rewewed the Foundation'5 financial position, cashflow forecasts and future fundinE prospetts and arp. satlsfied that the ch3rity has adequate resources to continue operating lor the foieseeab'.e futuro. Accordingly, the financial statements have been prepared on a 8oln8 concern basis. Futurè Flnan¢lal Outlook The Fourndatn enters the new linancial year from a 51gnificantly stronger financial posltion than the previou5 year. Income dlversiflcatson, lundralsing, partnershlp development and delivery of the Foundaiion's next strategic plan wlll remain key priorities s the charity seeks to further strengthen financial su5tainèbility, grow unrestricted rEserve5 and rnaximise Its long term impart within the communities It gerve5. Page 7
Stevenage Fooiball Club Foundation Report of the Trustee5 forthe Year Ended 31 August 2025 STATEMENT OF TAUSTEES, RESPONSIBILITIES ThE trustees (who are also rhe direiiors of 5teven8ge Football Club Foundarion LlmSted for the purposes of company lawl arp responsible ft)r prÈparinq Ihe Report of the Trustees and the flnancial statements in attordance with applicable law and United ngdorn Accountin8 Standard5 Iunited Kingdam Gener31ty Accepted Atcountine Practitel. ompany law requires the trustees to prepare financial statements for each financial year. Under th3t ?w. the trustees have elerted to Ppare the financlal $13tements In accordance with United Kin8dorn fjenerally Accepied Accounilng Practice Iunlted Kingdom AtcountinE Standards ènd applicable lawl. Under coropany law the trustee5 must not approve ihe financial statements unle55 they are satisfied that they give a true and fair view of the state of iffairs of the cfv3ritable compiny and of the inCo.[g re50urce5 and application of resources. including the Income and expenditure, of the charitsble company for thai period. In preparin8 those financial statements, the trustee5 are required to select suitable 8ccounting policies and the? apply them consistently., observe the methods and principles in the Charitie5 SQRP,. makèiudgementsand estimates that are reasonable and prudent., prepare the financial statements on thp 8oing concern bèsis unloss It is inappropriate to presume thai the tharitablÈ company will continue in buslDe55. The trustees are responsible for keepin6 proper accounting records which disdose with reasonable accuracy ai any tlme the financial position of the charitable Company and to enable them to Ènsure that thÈ financial statMents cornplywith Ihe Companies Act 2th6. They are a150 rÈ5pon5ible lor safp8uarding the assets of the charltable company ind hence for taki08 reasonable Steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there 15 no rplevant audit Infonnation of whlch the tharltable company's auditors are unaw4re', and the trustees have takÈ.n all step5 that they ou8ht tD have taken to mak2 themsefves Èwarè of 3n¥ relevant audit informatlon and lo establish that the auditors are aware of thit information. RÈptrrt of thE trustees, incorporating a 5trate81t report, approved by order of tlTre boaid of trustees. as the company direttors, an .%.*....l..x4Y& signed on the board's behalf bv.. STEMC uten Trustee Page 8
Report of the Independent Audltors to the Mernber5 01 Stevenage Football Club Foundation Limiied OpiniDn We have audited the financial statements Of Stevenège Football Club Foundation Limited Ithe 'charitable companVI for the year ended 31 August 2025 wbich cgmpri5e the Statement af Financial Actlvities, the Statpment of Financial Position, thp Statement of Cash Flows and notes to the financial statement5, including a summary of significant accounring policies. The f5nancial reportinE frèrnework that ha5 beon applied In their preparation 1$ 8pplicable law and United KiDgdom Acctrvntin8 Standards (United Kin8dom Generally Accepted Accounting Practi¢el. In our opinion the financi815tatements'. 8lve a true and fair vlew of rhe siaie of rhe charitable company's affairs as at 31 Augus(2025 and of Its incomin8 resources and application of resources, includin¥ Its income and expenditurt. for tht year then ended,. have been properly prèpared In accord8ncÈ with United Kingdom Gènerally Actepted Actounting Prartlte.. ènd have been prep8red in accord8nce with the requirÈtnents of the Companie5 Act 2006. Basis for opittion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and appli¢able law. Our responsibilities under those Standards are lurther descrlbed in the Auditors, responsibilities for the audit of the financlal 5t3teMents sectlon of our report, We are Independent of the charitable cornpany in accord3nce with the ethical requirements that are relevant to our audit of thÈ financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our oiher ethical re5pon51bilitie5 in 3ccordtsnce with these requirements. We believe that rhe audit evidence we have obtained ig sufficient and appropriate to providè a basis for our oplnion. Other Matter The financial statements for the year ended 31st August 2024. which are included as comparatlve rt8ures, ¥vere not 5ubjecr to an udit. Accordingly, we do not express audit opinion trn the torrespondin8 fisure5 Condusions Telating to 8tynK concern In auditing the financial statements, we have concluded that the tru5tee5' use of the going concern basis of accgunting in l.he prÈparation of the financial statements Is approprSaie Based on the work we have perfortned, we have not identified &ny material uncertainties relating to events or tonditlon5 that, individually or collectively. Ynay cast signifitant doubt on the thariiablè company's ability to contlnue as a going concern for a period of at leasi rwelve months ffrom when the financial statements are authori5ed for issue. Qur re5pon5ibilitles and the responsibilities of the trustees with respecl to 80in8 contern are descrSbed In ihe relevani sections of this report. Other Inlormatlon The trustees are rèsponsible for the other Information. The other information comprises the information included in the Annu31 Report, other than the fin)Thcial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other inform3tion and, except to the extent explicitly stated in our report, we do not ÈxprÈss any form of assurance conclusion Ihereon. In connectn with our audit of the finan¢i415tatempnts, Dur responsibility 15 to Trad the other inforrnètion and, In dolng 50, consider wheiher Ihe other information 15 materially inconslstEnt wlth the flnancial statement5 or our knowledge obtained in the audit or olherwisÈ appears to be materlally misstated. If we identify such material In¢onsistencies or apparent material misstatements, we are required to determlnè whèthèr this givts rise to a material misstatement in the financial statements Ihemselv&s. If, based on the work we have performed. we conclude that therE 15 3 materi31 misstatement of this olher illformation, we are required lo repctrl that fact. We hive nothing to ¥eport in this regard. OplDlons om rthÈr rnatr% prestrlbed by the Companles Act 2006 In our opinion, b3sed on the work undertaken in the tour5e of the audit.. thÈ Inftrrmation given In the Report of the Trustees for the fiDaDcial year for which the financlal staternents are prepared Is consistent with th2 financial statetnents,. and the Report of the Trustees has been prepared in accordance with applicable legal requirempnt5. Pa8e 9
Report ofthe IndependentAudiior5 to the Member5 of Srevenage Football Club Foundation Limited Matters on whEch we are required lo report by exception In the light of the knowledge and understanding of the ¢haritablÈ Company and it5 environment obtained in the ¢our5e of thÈ tsudft, we have not Idenrifled materlal misstatements In the Report of the Trustees. We have nothing to report in respect of the fallowlng mattÈT5 where the Companie5 Act 2006 requ1Tr5 US to rewrt to you If, in our adequate accounting records have not been kept or returns adequate for our avdit hive not been received from branche5 not vis)ted by us,. or the financial statements arÈ not In ayieemeni wlth the accounrlng record5 and returns,. or certain di5closure5 of trustees, remuneration specified by law arÈ not m2dÈ-, or we have not received all the information and e¥planat10115 we fequirÈ for Dur audit. RtsponslbllStlÈs of trustees Ag explained more fvlly in the Staternènt Df Trustees, Responslbilftles, the trustees Iwho are also the directors of the charltable company for the purp05e5 of cornpany lawl are responsible for thE preparation of the financial statement5 and for bÈifi8 5at15fied that they Èive è true hnd fair view. and for such intern31 control as the trustee5 determine 15 nece55ary to enable the preparation of Anancial statements Ihat I free from maferl81 misstatement. wheiher due ro fraud Or error. In preparing the financial staternents, thÈ trustees arè respDnslble for èssessing ihe chÈrit3ble company's èbiiiry to coniinue as going concern, disclosing, 35 8pplicable, matter5 related to 8Oln8 coneÈrn and usin8 the 80ing coniern basis of accounrin8 unless the tlustees either intend to liquidate the charitable company orto ce35e operations. or have no realistic alternatNe but to do so. Page 10
Report of the lTrdepèndent Auditors to the Members of Stevenage F¢iotball Club Foundation Limited Our responsibilities forthe audit of thè ftnantl81 statements Our objectives are to obtain rea5anable assurance about whether the financial statements as a whole are free from materlal mlsstatement, whether due to fraud orerror. 3nd to 155ue a Report of the Audilors that includes our opinion. Reasonable assurance is a high levpl of a55urance, but is not a guarantee that an audit conducted in accordance with I5 IUKI kvill alway5 detect a rNiterial rni5Statement whefi It Èxlsts. Mlsslatements can arise from fraud or error and are considered materfal If, indlvldually or In the aRgre8ate. they could re8sonablv be expected to Influence the economic declsions of users taken on the basls of these fInanCal statements. Irre8u13rilie5, including fraud arè Instances of non-compliance with laws and regulation5. We design procedures in line with our responsibilities, outlined 8bove, to detECt material misStatÈments In respect of irregulariries. Includlng fraud. The exteni to which our procedures are capable of detecting irregularities, includin8 fvaud 15 detailed below.. The charltable company is subject to laws and rÈ8ulatlons that directly affect the fi'nanclal statements, including financial reporting legislation. We determined that the tnost sigllificant of these are the Charities Act 2011 and the Compènles Act 2V06. together with employment law. health and $4fety legislation, pension legislatlon and taxation legislatitrn. We obtained an underst8ndSng of how the tladrable company 15 complying with these legal and regulatory frameworks by making enquiries af management and ihose charyed Wlih governance and by con5ideringihe policie5 and procedures in place. We a5ses5ed the extent of the charitable company'3 compliantp with these laws and regulations as part ol our procedures on the related flnancial statement Items. The engagemenl p4rtner a5se55ed whether the èngagernent team collectively hèd the appropriate competence and capabiliries to identify or recognise non-COTnpliancE Wlth laws and regulatiorts. This assessmÈnr did not identify any maiters of concern, We assessed the susceptibility of the charitoble compznls fin4ncial 5taternents to mHterlal rnisstaternent, including how fraud mi8ht occur, and considered the rlsk of mana8&ment overrlde Of controls. which Is presumed to be a risk in all audits. Audit procedur tErtorTned by the enga8empnt team included.. evaluating the design and implernentation of controls established by m8na8ement tD prÈvent and detect fraud,. undetandIng how those charBed with governance considered and addressed the potential for override of controls or other in3pproprlaLe Infltsenco over the financial reporting process., hallenging the a5sumptiOll5 Bnd judgements made by fflan3gement In makin8 accounting esiimates,. identifying and testing journal eritries. including those posted with unusual account comblnations or other review the nature of expenses Incurred in line with its charitable objectives and where relevant, funding agreements on a sampled Owing to rhe inherent limit3tions of an avdit, there is an unavoidable risk that we may ntrt have detected some maieii81 misbtaternents in the financial Statements, even though we have properly planned and pÈrfDrmed our audit in atCOfdaneÈ with auditln8 Standards. For example, Ihe further removed non<ompliance with laws and regulations lirreBu13ritpsl is from Ihe event5 and tr3n5actlOn5 refleited in the financial statètnents, the less likew the inherently limited procedures required by auditing standards would Identify it. In 3ddirion. a5 Wlth any audit, IherÈ rÈmained a hlgher risk of non-detectlon of irregu13rities, as these may involve Colluslon, forEery, Intentional omissions, misrepresentations, or the override of internal contro15. We are not responsible for preventlng non-compllance and elnnot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities for the audit of the financial stalements 15 located Dn the Financial ReportinE Councll's website at www.frc.org.uklauditorsresponsibilities. Thi5 descriptlon forms part trf our Report of thÈ Independent Auditors. Page 11
Report of the Independent Auditors to the Members of Stevellage Football Club Foundabon Llmlted Use of our report Thls repori is made solely to the charitable company's members, as 3 body, in accordance with Chapter 3 of Pari 16 01 the Companie5 Act 26. Our audit work has been undertakèn $0 that WE might State to the charitable comptny's membèrs Ih05E matters we are required to State to them in an auditors. report and for no other purpose. To the fullest e%tent permitted by law, we do not accept or assume respo11b11ItY to anyone other thaTr the ¢harit?ble company and the charitable company's members as a body, for our audit work. for this repor¢ or for the opin*ons we have formed. Emma Fraser FCA (Senior Statutory Auditorl tor and oll bohalf ol Bracey'5 Accountants IAuditl Limited StatutoryAuditor, ChartÈrÈd A£countants Unli l The Cam Centre Wilbury Wav Hertfordshire SG4 onv Date.. Page 12
Siwenage Football Club Foundation Limite Ilncorporating Incom@ and Expendlture Accountl for the Year Ended 31 AuBu5t 2025 2025 Total funds 2024 Total funds Restncted fuThd funds Notes INCOME AND ENt)OWMENT5 FROM Donatlons and le8acie5 92,464 538.168 630,652 563,520 Charltable attlvltles Coachlng Sessions- Lunchtime and 8fter school club5 Coaching SessiDnS- Junior Kickers & Tots Coachin8 sessions- others Coaching Sessions- GiA5 Miscellaneou5 Income 116,967 9,614 107.499 39,651 116,967 9,614 107,499 39,651 84,698 17,847 111,909 33,237 1,352 61,073 36,088 47.830 3.6 24,063 20,500 36,088 47,830 3,604 24.063 20,500 ternate Provi51Qn ED)ergingTalent Ht and Feed Income Primèry Stars Investrnellt income Other income S26 14,795 526 14.795 J3.759 Total 513,601 538,168 1,051,769 887,395 EXPEWDITURE ON Charitable artile$ Support costs Mtrtor and Travelling Cornryiunity kntthen Project Vpnue hire Matchday ga¢k8ges Kit and Eouipment Hospitality and CateriTr Salaries 183,373 18,785 825 251,668 15,254 20,295 4,198 249,432 432,805 18,785 825 251.668 15.254 20,295 4.198 257,276 412,236 19,758 2,198 169.968 12,976 21,562 5,120 298,704 257,276 Total 494,398 506,708 I,WI.106 937,S22 NEY INCOME/IEXPENDinJREI 19,203 31,460 50,663 150,1271 RECONCILIAnON OF FUNDS Toral fund5 brought fonuard 4,088 4,081 54.215 TOTAL FUNDS CARRIEO FORWARD 22,291 31,460 54,751 4,088 The notes form part of these finantial statetnents Page 13
5revenage Football Club Foundation Llmited Statement of Financia5 Position 31 August 2D25 2025 Total funds 2Q24 Total funds Unrestricted funds fund Notes FIXEO A55ET5 Tangible assets 13 105 31.460 31,565 342 CURRENT ASSETS Stocks Debtors Cash at bank and In hand 14 15 10,462 55.930 95,970 10,462 55,930 95,970 9,807 80,022 61,540 162,362 162,362 151,369 CREDITORS Amounts fallin8 due within one year 16 1139,1761 1139,1761 1147,6231 NET CURRENT A55Ers 23.186 23,186 3,746 TOTAL ASSEfs LESS CUI¢RENT LIABIUTIES 23,291 31,460 54,751 4,088 NET AssEfsiiLIABILITIESI 23,291 31,460 54,751 4.088 FUNDS Unrestricted fund5 Rèstrirted funds 17 23,291 31.46Q 4,088 TOTAI FUNDS 54,751 4,088 The financial statements were approved by the Board of Trustees and 8Uthorlsed for issue on 'i4......•ytsAL..ts£fy...... and were signed on its behalf by.. S T E McQueen- Trustee The notes lomi part of these financial statements PaEe 14
Steven8ge Football Club Foundation Llmited Sratement of Cash Flow5 for the Year Ended 31 August 2025 2025 2024 Notes Cash flow5 from operatlnB actlvsrtes Cash ¥enerated from operations 68,906 3,595 Net cash piovided by operatlng 3tlivitles 68,906 3,595 Cash flows from Investlng a¢tlvltles Purchase ol tingible fixpd assets 135.0021 526 14861 Nettash used in Investing activities 134,4761 14861 Change in cash and (ash equfvalents In the reportlng ptrlod Cash cash e4ulVants atthe beKl#nlng of the reporting perlod 34,430 3,109 61,540 58,431 Cash and tash Èqulvalents at the end of the reportin8 period 95,970 6L,540 The notes form part of these financial statements Pige 15
Stevenage Football Club Foundation Limiied f4otes to the Statement of Cèsh Flows for the Year Ended 31 August 2025 RECOlLIATIoN OF NET INCOMeiiEXPENDrruREI TO NET CASH FLOW FROM OPERATIN6 AcfiviTIES 2025 2024 Net Incomelleypendlturel for the reporting period las perthe Statement of 50,663 150,1271 AdIStmentSfor.' Depreciation charges Interest received Increase in stocks Decrease In debtors IDecreasel/increage In creditors 3.779 1,595 19,8071 It,404 SO,530 24,092 8,4471 Net cash prolded by oper•tlons 68,906 3,595 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.24 Cash flow At 31.8.25 Cash at bank and in hand 61,540 34.430 95,970 61,$40 34.430 95,970 Tot31 61.540 34,430 95,970 The notes form pèrt of these financial statements Page 16
5tevenaEe Football Cltsb Foundation mlted Notes to the Financial Statements for Ihe Year Ènded 31 August 2025 ACCOUNTING POLICIES General Inlomiatlon The charlty 15 a piib1it beTiefit entity and 3 private company limited by guarantpe, registered in England 3nd Wales and a regtstered charity in England and Wale5. The address of the re815tered oftite Is Stevenage Footb311 Club, Broadhall W8y, Stevenage, Hertford5hire, SG2 8RH, UK. Basls of weparing the financial statements The$ financial 5tatement5 have beEn prepared in cotnpliante with FRS 102,'The Financial Reporring Standard bpplicable in Ihe UK and Ihe Republic of Iie13nd', thE Statement of Recornrnended Practice applicable tc> charities preparlng thelr accounts in accordance with ihe Financial Reporting Slandtrd applicable In the UK and Republic of Ireland IFR5 1021 (Charitie5 SORP IFRS 10211 and the CompaniesAct 26. The financia15t3tements hève been prepared on the h¢5torical cost basis. The presentation currency of the financial statements is the Pound 5terliD81£1. Judgements key sour$ of estimation untertainiv The preparation of the financial stalefflents requir'es managernent to rnake judgements, estimates and assumptio that affect the amount5 reported. These estimate5 and judgements are continu8lly reviewed and ère bbsed on experiencp ènd other factors. InclLJdinB èxpectations of futu events that are bÈllevEd to rÈasonable under the circumstanres. We conflrm that there are no Crltical judgement5 or estimates to note. Going concern There are no material uncertainties about the charity's ability to continue. Ineome All Income is included in the Statement of flnancial activities when entitlement ha5 passed to the charity, it is probable th3t the economic benefits associated with the transaction will flow to the charity and the amount can be rellat>ly measured. The following specific policies are applied to particular categories of income.. IncomÈ from charitable activities for the supply of sÈrvi¢e5 is rÈcognlsed Dn delbvery of the serwice, when the charity iq legally entitled io Ihe iiicome Ind the amount can be quantified with reasonable 8ccuracy. Investment income represents interest recei¥able and is recognised on an accruals basls. Grants are included in the statement of financiil artNities on a recelvBble5 bask5. The balance of income received for Specific purposes byt not expernded during the period 15 shown in the relevant fund5 on the balance sheet. Where Income Is received in advance of entitlement of receipt. its recognition is defer¥ed and included Sn crodltors as deferred income. Where entitlement occurs before Income is received, the Income is accruèd. Expendlture Expenditure Is reco8nised on an accruals basis as a li3bllity is incurred. Exp&ndirure Is classlfied under hÈadings of the charitable expenditure comprises those costs incurred by the ch8rity in the delivery of Its acuvlties and services for its beneficiaries. It Includes both costs that can be ollocared directly to such actwitie5 and those costs of an Indirect nature necessary to 5UPPOrt them. governance costs include those costs associated with meeting the constitutional and statutory requirements of the thèrity and Include the 8udit fees and costs Ilnked to the strateglc management of the tharlty. AII costs are allocated between the expen(Jiture categories of the SOFA on a basi5 designed to reflect the use of the resourre. Cost5 relating to a partlcular actlviry are allocated direc.lyi Other5 are apportioned on an appropriate basis. Tanglble fixed a55et5 Depreciation is provlded at the following annual rate5 ID order to write off e4ch asset over its estimated useful life. Plant and machinery Motor vehicSÈ5 20% on cost 20% on c05t PBge 17 continued..
StewenaEe Football Club Foundation Limited Notes to the Financièl Statements- continued for the Year Ended 31 August 2025 ACCoU1NG POLICIES- contSnued Tanglble f¢ assets Computerequipment 50% on cost Tangible 355et5 are inltially recorded at cost, and Subsequently Stated at C05t less any accumulated depreciation and impairment1055es. Anytangible as5et5 carried at rev¥lued amounts are recorded at the fair value at the date of revaluation less any subsequent accumul3ted depreclation and 5ub5equent accumJlated Impalrment losses, Stocks St(Kk held represents items held by the charity that are used in delivÈrlng Its charitablÈ 3rtivltlEs. Amounts are held at COSt and reviewed for imp3irment annually. Taxatlo The charity is exempt from corporation tax on it5 charitsble activities, Fund 3cco¥ntin Unrestricted funds can be used in accordance with the charitable objectives at the discretlr)n of the trustees. Re5trScled funds can only be used for particular restricted purposes as defined with the funding agreements provided is well 85 the objects of the charity. Restrictlons arise when specified by the donor or when fund5 are raised for particular restrlcted purposes, Flnancl¥l Instruments A financial a55el or a financial liability is recoEnis2d only when th@ entity become5 a party to the contractu41 provisions of the instrument. Basic l]nancial Instruments are Initially Fecognised at the amount re1¥able or payablp includin8 any related transaction C05r& Current assets and current liabilitie5 are measured at the 5h or other consideration expected to be paid or received and not discounted. Financial assets that are measured at cost or amarti5ed c05l are reviewed for objective evidence of impiirment it the end of each reporting date. If there Is objective evidence of impairment, an irnpalrment Ioss 15 recognised under the appropriate he3dinE in the stitement of fln8nci314ctivrtles in which the inltial galn was recognSsed. Deflned contributlon plans Contributions to defined contribution p13n5 are rpcognised a$ In expense in the perlod in which the related service 15 provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction In future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting dite in which the employee5 render the re13red service, the liabllity is measured on a discounted presenr value basis. The unwindin8 of the dlscount is retognised ès an expense in the perlod In which It arises. DONAMONS AND LEGACIES 2025 2024 Donatlons Gift aid Grants io,( 3,839 616,793 15,414 3.646 5H,460 630,632 563,520 Page 18 continued...
Stevenage Football Club Foundation Limited NotES to the Finènci31 Statement5- continued for thÈ Year Ended 31 August 2025 DONATIONS AND LfGACIE5. continued Vnre5tricted Funds Restrlrted Funds T31 Funds 2025 Total Funds 20Z4 Donations= M Taverner Gift Aid io,cN)o 3,839 10.000 3.839 10,000 9.060 Grants.. 19,230 10.500 AppntICe Funding ste¥ena8e CommunSty Community Klrchen Income EFLIUSW Degree Program EFL Trust.. Smart EnerBV EFL Trust.. Core Funding EFL Trust., Talent Grant ertfLTrrdshire County Council Extra Tlme Hub Funding Premier League FuDd.. PL Fans Fund Thames Link Sranl HertfDrdshire Community Foundation EFLJtry of Movin8 Premier League Fund.. PL Kick5 Premier League Core Funding 1,250 1,250 4,028 4.028 26.750 I,875 so,0 30,574 8,38L 33.767 2,500 54.719 33.701 26.750 1,875 50.000 30,574 1,970 37.51M) 17,988 93,61X) 21,750 50.(MXJ io,wo 141,367 50.000 12,7Z7 Jl,360 1,970 37.500 17,988 93,600 21,750 50.000 io.ooo 141,367 50.000 12,727 11,36D 2.(0 12.500 12.007 104,L56 13,450 So,0 io,wo 13,728 50.WO 7,685 4,500 60,336 Premier League Fund.. PL Primary Stars National Lottery Kella85 Iniotne UOH Strength and Balance 954 37,5(Kl Foundation Van 37,50D Sponsorshlp.. Fil and Feed 15,6 15.600 56,300 538 168 630 632 553 520 INVESTMENT INCOME 2025 2024 Deposlt account interest 526 Page 19 conilnued...
Ste¥ena8e Football Club Foundation Llmited Notes to the Financial Slatement5- continued for the Year Ended 31 August 2025 IN¢OfvIE FROM CHARITABLE ACTIVITIES 2025 2024 Activirv Coachine 5ession5- Lunchtime and 8fter school Charitable Attlties Charltable ActEVitie5 Charitable Activities Charitable Aciiwlties Charitable Adlvlties Charitable Actiwtie5 Charitable Activities 116,967 9,614 107,499 39,651 84,698 17,847 111,909 33,237 1,352 61,073 Coachlng Sessions Junior Kickers & Tot5 Coaching 5e55ion5 Other5 CoachingSessions- Gids Miscellaneou5 Income Natlonal Cit12ens service ternate Provislon Emerging Talent Fit and Feed Income Prlmary Stars 36,088 47,830 3,604 24,063 20,5 Charitable ACtIrieS Ch4ritAble Acbvitie5 405,816 310,116 OTHER INCOME Unrestricted funds Restricted fund5 TDta fund5 2Q25 Matchday Packageslmascvt Income Fundlng Income 14,142 653 14,142 UnrÈ5tricted funds Restricted Fund5 Total funds 2024 Matchday Packageslmascot Income Fundlng Income 11,149 2,610 11,149 2,6JD CHARITABLE ACllVITIE5 C05T5 Oirect Costs Support cost5 Motor and Tr?velling Community Kltchen Project Venue hire Matchday Packages Kit 3nd Equipment Hospltality and Caterlng 432,805 18,785 825 251,668 15,254 20,295 4.198 257,276 1,001,106 Page 20 continued.
Ste¥ena8e Futstball Club Foundatlon Limited Notes ro the Financial St4tements- continued forthe Year Ended 31 August 2025 NET INCOMEIIEXPENDtruREI Net IncomÈ/lexpenditurÈl Is 5tat2d after chargingllcredltingl.. Z025 2024 Oepreclation- owned asse 3,779 1,595 TRUSTEE5' REMUNERATION AND BENEFrrs ThÈre were no trusteos, remuneration or other benefrts for the year ended 31 August 2025 nor for the year ended 31 August 2024. TrUe¢s, expenses Thère were ntr trustees. expenses paid for the year ènded 31 Ausust 2025 nor forthe year eded 31 August 2024. STAFF COSTS 2025 2024 Wages and $3larips So¢ial Securlty Costs Employer Contributions to pension plans 552,357 35,219 8,366 599,987 33.245 6,152 639 384 Key Management Personnel Key management personnel include all person5 thit have authority and responsibility for plannin& directinÉ ènd controlling the actlvlties of Ihè charity. The total compensation p3id to key management personnÈl for services provlded to the chlrity was E48,24612024..£54.8761. The average monthly number of eTnployee5 during the yÈar was as follow5.. 2025 44 2024 49 St3ff No mploYeeS recelved emoluments in excess of £60,000. io. COMPARATIVES FOR fHe STATEMENTOF FINANCIAL ACTIVITIES Unrestrlcted fund5 Restrlcted fund Total funds INCOMEAND ENDOWMENTS FROM Donations ènd legacies 225.268 338,252 563.520 Charltable artivlties Coachin£ Ses510ns- Lunchtime and after school Club5 Coaching Se5sions- junior Kickef5 &Tots Coaching sessions- others Coaching 5essions- Gir15 iscellaneous Inttrme National Citiien5 SÈrvitÈ 84,698 17.847 111.909 33.237 1,352 84,698 17,847 111,909 33,237 1,352 61,073 61,073 Other income 13,759 13,759 Page 21 conunued...
Stevenage FDOtball Club Foundation Limit&J Notes io the Financitl 51atements- continued for the Year Ended 31 August 2025 io. COMPARATIVES SOR THE STATEMENT OF FINANCIAL AcTrvmES. continvefl UnrEstricted funds Restrfcted fund Total funds Total 488.070 399,325 887.395 EXPENDITURE ON Charit3ble activrtle5 Support costs Motor and Travelllng Community Kitchen PiojÈrt Venue hire M8tchday P&ckages Kit and EoiJipmÈnt Hospitallly and Catering 284,625 19,758 2,198 169,968 12,976 21,562 5,120 21,990 127,611 412,236 19,758 2,198 169,968 12,976 21,562 5,120 293,704 271,714 Total 538,197 399,325 937,522 NET INCOMEIIEXPENOITUREI 150,1271 150.1271 RECONCILIATION OF FUND5 Total fund5 brought f¢>rward 54,215 54,215 TOTAL FUNDS CARRIED FORWARP 4.088 4,088 Page 22 continued...
Stevenage Football Club Foundation Notes io the Financial St3tMents- continued for the Year Ended 31 August 2025 li. SUPPORT AND GOVERNANCE C05fANAIYSIS Unrestritted fund5 Restricted funds Toral 2025 Salarie5 including NIC & Penslon C05t 0ft5ce Cost5 89,234 51,169 2.249 3.779 96 16,517 249,432 338.666 51,169 2,249 3,779 96 16,517 Depreclation Repalrs & Renewals Sundrie5 & Sea50fj Tickets 249 432 412 476 Auditors remuneration Legal and other Profèssional fees 7,140 13,189 7.140 13,189 249 432 Unrestricted funds Restricted funds Total 2024 Salaries includin8 NIC & Penslon Cost Office Costs Staff Tfalnin8 Depreciation Bepairs & Renewals Sundnes & Season TlckÈts 21E,069 46,837 2,468 1.595 614 2.631 127,611 345,680 46,837 2,468 1.595 614 2,63L 272 214 127 611 399 825 Governance Costs Independent Examination Fees Legal and other Professional fee5 2,520 9,891 2,520 9,891 284 625 127 611 412 236 12. AUDITORS REMUNERATION The auditors remuneratiort amounts to an audit fee of £5,34012024.. £nill and preparation of statLrtory financial statements of £1,80012024..£nill The comparative period to 31st August 2024 Included Independent examiner fee5 on £2.520 of which £750 related to the preparation of the siatutory flnancial st3temènts. Page 23 continued...
sten1&* Football Club Foundarion Nores to the Financial 5tatements- continued for the Year Ended 31 August 2025 13. TAWGIBLE FIXED ASSETS Plant and rnachinery Motor vehicles Computer equipment Totals COST At l September 2024 Additions 5,239 23.679 28,918 35.002 34,956 At 31 August 2025 5,239 34,956 23,725 63.920 DÈPRECIAnoM At I September 2024 Charge foryear 5.239 23,337 283 28,576 3.779 3,496 At 31 August 2025 5,239 3,496 23,620 32,355 NET BOOK VALUE At 31 Au8USt 2D25 31.460 ios 31.565 At 31 August 2024 342 342 STOCKS 2025 2024 Equlpment htld 10,462 9,807 15. DEBTORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2025 2024 Trade debttsrs Prepayments and accrued Income 41.519 14,411 37,Lll 42,911 55,930 80,D22 16. REDITORS.. AMOUfft FALLING DVÉ wifHIN ONE YEAR 2025 2024 rrade trÈdltors Social security and other taxes Credit Card Net Wages Pension Control Deferred income Accrued expenses 33,212 12,836 1,967 2,035 4,926 43,421 40,779 S2,711 9,799 1,041 2,036 6.665 55,916 19,455 139,176 147.623 Page 24 continued...
Steven4Ee Football Club Foundation Limited Ntsies to the Financial statements- continued for the Year Ended 31 August 2025 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- tontinued 2025 2024 Deferred Incomo at I Septetnber 2024 Re50urce5 deferred in the year Amounts released from prevlou5 periods 55,916 445,925 1458,4201 16,037 171,375 1121.4961 DefÈrred Incomè at 31 August 2025 Included within deferred income is E43,421 12024.. £55,9161 rèlating to 8rants received in advance of the ao¢lated performance obli¥ètion5 beSns sat15fipd. 17. MOVEMENT IN FUNDS Unrestrlcted Futhds At I Sep 2024 At 31 Aug 2025 Income Expendirure General fund 513,601 494 398 At I Sep 2023 At 31 Aug 2024 lThcomÈ Expenditure General fund 488 070 538 197 Included within unrestrirted reserves is 4 designated amount of £3,129 as drtailed wlthln the tru5tpes report. Re51riCted FuThds At l Sep 2024 At 31 Au8 2025 Income Expenditure Apprentice Funding Stevenage Community Kitchen Income EFL Trust.. Talent Grint Hertffordshire County Council Extra Time Hub Funding Premier League.. PL Fans Fund Thames nk Grant Hertfordshire community Foundatlon EFL loy of Moving Premier League Fund.. PL Kitks Premier League Core Funding 1.250 4,028 30,574 11.2501 14.0281 130,5741 1.970 37,500 17,988 93,600 21,750 50,WO 10,000 141,367 50,(N)O 12.727 954 11,360 37,500 15,600 11,9701 137.5001 117,9881 193,6001 121,7501 150.0001 iio,0001 1141,3671 Iso,0001 112,7271 19541 111,3601 16,0401 115,6001 Premier League Fund.. PL Primary Stars Nation81 Lottery Sustainability Income Kellogs Incom& Foundation Vèn Fit and Feed IntomÈ 31,460 538 168 506 708 The van was puichased during the ye3r and 15 included within flxed assets. motor vehlcles. The restricted reserwe carried forward represents the carryin8 value uf thp asset at the year end. At At Page 25 Continued...
51evena8È Football Club Foundation Limited Noies to the Financlal 5taiements- ctrntlnued for the Year EndEd 31 Avsust 2025 17. MOVEMENT IN FUNDS- contlnued I Sep 2023 Intome Expenditure 31 Aug 2024 EFL Trust.. loy of Moving EFL Trust.. Smart Energv EFL Trust.. Talent Grant Hertfordshire Comrnunity Foundation Herts Councll EKffa Tirne Hub National Citizen Service Postur31513bility Premier Lea8¥e Fund.. PL Klcks Premier League Fund.- Prim4ry Srars StevenaEe Community Kitchen Income UOH.. Strenwh and balance funding 13,450 2.500 33.701 104,156 2,000 61,073 13,728 50,000 50,000 8,381 60,336 113,4501 12,5001 133,7011 11(M,1561 12.0001 161,0731 150,0(h)I 1S0,0(NJI 18,3811 160.3361 399 325 ANALY51S OF NET A55Efs BETWEEN FUNDS Unre5trictÈd funds Total 2025 funds T8nEible fixed assets Current assets Creditors le$5 than l year 31,460 £0 £0 105 162.362 1139,1761 31,565 162,362 1139,1761 Unrestrlcted Funds Total 2024 Tanglble fixèd asset5 Curient assets Creditors less than l year 342 151.369 1147,6231 342 151,369 1147,6231 18. REiATED PARTY DISCLOSURES The Foundation is connected by virtue of a common dlrector, P O Wallace, with Stevenage Football Club Limited. The followin8 transèctlons with StevÈnage Football Club Limited took place during the year.. ZD25 2024 Expenditure.. Office & adminlstration costs incurred Other expenditure rechar8ed 25.200 55,343 25,ZOO 60,654 l•come ACtltIeS income recoverable 25,764 49,035 At the year end date the followln8 balances where outstanding within trado debtors and crEditor5'. Page 26 contlnued...
Stevenage Football Club Foundation LSmited Notes to the Finantial Statements- continued for the Ypar Ended 31 August 2025 18. RELATED PARTY DISCL0511RE5- continued 2025 2024 Amounts due from.. Stevenage FC Litnlted 1,256 30,390 Amounts due to Stevenage FC Llmited 5,812 25.301 19. DEFINED coRIoN PtAPIS The amount rEcogni5ed In Intome or expenditure as an expense in relation to defined contribution plans was £8,366 12024.. £6,152). 20. ANALYSIS OF CHARrrA8LE FIJNDS Premier League Primary stsr$ Delivery of the Prifflary Star5 programme Into local primary schools to inspire thildren to learn, be actwe and develop Premlèr League Klcks Deli¥eryDf football activitles for youn8 people aged &19 to tackle antF50cial behaviour. Funding received from the Premier Le3gue Community Fund. EFL Trust-Talent Grat)t Funding to support the broadening of re8ch within communitles tD significantly increase the number of youiig females thar can be enga8ed and potentially identified to be parr of the England Talent programme. EFL Trust- Extra Tlme Hub Funding Fundln8 to provlde bi-v4eekly warm spaces for older adults in our local community identified as at rlsk of of lonelin$ Postural Stsblllty Grant Grant for Strength & B31ance Cla55e5 in Hertfordshire. Provision of 13 weekly Strength & Balance classes delivered across Hertfordshire to tackle frailiiy in older 3dult5. Funding receiv@d from Public Health Hertfordshire, via Hert5 Spgrt5 Partnershlp and the University of Hertfordshlre EFL Trust- Joy of Moving Dellvery of activ1tles to promoie an active and healthy lifestyle to 900Year 5 pupils in our communlty. National Citizen Ser¥lcÈ Cgre funding to deliverthe National Citizen Servlee programme to young people In our community aged 16-17. HAPPY Camps IHertford$hlre Commun4ty Foundation) FundinB to deliver the Holiday Activity Food pagraMme during School holidays acr055 Hertfordshire. ufferfthg phylcal activity with 8 hot meal to children on free school meals. Page 27