REGISTERED COMPANY NUMBER: 07877720 (England and Wales)
REGISTERED CHARITY NUMBER: 1145603
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
FOR
THE NATIONAL LEAGUE TRUST LTD
Blackthorns
Chartered Accountants
and Registered Auditors
Admiral House
Waterfront East
Brierley Hill
West Midland8
DY5 IXG

THE NATIONAL LEAGUE TRUST LTD
CONTEIYTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Page
Report of the Trustees
Report of the Independent Auditors
7 to 9
Statement of Flnanelal Aetlvltle$
io
BalAnc¢ Sheet
Cash Flow Statement
12
Notes to the Cash Flow Statement
13
ote8 to the Financlal Ststements
14 to 22
Detalled Statement of Flnanclal Actlvlllei
23

THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024
The twstees who are also directors of the charity for the pu￿OSe8 of the Companies Act 2006, present their rq)ort with
the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitl¢S PTq)aring their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
OWECTIVES AND ACTIVITIES
Objectlves and vdlms for the publlc benellt
The objectives of tlle charity are as follows..
to promote the physical education of children and young per80ns, community participation in healthy
recreation by providing facilities for playing football or other sports capable of improving physical health,
to assist in providing facilities for recreation or other leisure time occupation of per8ons who have need for
such facilities by reason of age, infmity or disablement. poverty or social economic circumstance8 or for the
public at large in the interests of social welfare,
to advance the education of children and young people and provide opportunities for them to develop their
full capabilities to enable them to become responsible member8 of society.
Individual schemes are run by Club Community Organisations (CC08) of member clubs of The National League and
these are grant aided by the Charity through donations from The Pretnier League and The Professional Footballers
Association. In May 2023 both or8ani8ations confirnied that they would continue to fund the Trust for five years from
August 2023.
The trustees confmn that they have reviewed the guidance contained in the Charity Commi88ion's general guidance on
publAC benefit wllen reviewing the Tru8t'8 aims and objectives and in planning future activities and setting the grant
making policy.
Granlmaklng
The Trust has two objectives.. to develop the abiltty of each club's community organisation (CCO) to plhn and deliver a
Sustainable programme of activities and to make fi]nding available for those activities. The Trut•t runs a training and
development programme and invites applications periodically throughout the year To be eligible, a CCO must be
associated with a Club that is a member of The National League in the current playing season.
Applications mu8t be for project5 or activitie8 in line with the Trust's aim8 and objectives. If accepted by truslees, there
is a range Offi￿ding levels available, depending on the status of the applicant. The¥e are..
£1 0,000 - for clubs applying for the first time or who are not currently funded
£15,000 - club-rLm projects who have previously received Tn￿t funding and have 5ucce8sfully delivered
the project and for new charities who have not applied to the Trust before
£20,000 - for established charities funded before, or for a programme run by a CIC that 18 separate to thc
club
£25,000 for established charities who have achieved a satisfactory standard in a¥sessment of Capability
Code of Practice (CCOP).
Grants are to a maximum of 750/0 of thc eligible cost, meaning at least 250/0 must come from other sources,
Ch2rlties and CCOP
As part of the development of CCOS and to improve their governance. th¢ Trust supports two initiative8: to encourage
clubs to create a separate charity to manage their community programme and to further develop the governance of those
charities through Capability Code of Practic¢ (CCOP).
In 2023124 there were 72 clubs in the National League. Of these, 47 had a separate charity or conllnunity interest
company managing their programme and Trust funding.

THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024
OBJECTIVES AND ACTIVITIES
During the year the Trust continued to work with its sisler bodie5 the Premier League Charitable Fund (PLCF) and th¢
English Football League in tbe Community to develop the governance standard lfflown as CCOP at National LEaguc
CCOS who were interested in developing their organisation. CCOP helps CCOS work towards improving ar¢a8
highlighted by the Charity Commission as being the hall marks of a well-run charity..
o Structure
o Governance and the board
o Safeguarding
o Finance
o People
o Data Pmtection
o Health & Safety
In 2023124 there were 25 CCOS Cither working towards CCOP or had achiev¢d a rating of satisfactory or above.
Premler League Prlmary Stars
Sin¢¢ 2016117 the Trust hail worked with the PLCF a8 part of this flagship grant programme. This is an ¢ducation
programme that connects learning to the world of sport to enthuAe pupils when tsckling challenging tOPlC8. 11 18 linked to
the national curriculum and the aim is that it is available to as many primary schools in England and Wales as possible.
It uses the appeal of the Premier League and professional football clubs to Improve and enhancc physical education (PE)
and other curriculum areas, developing 8kills and valucs.
Only National League CCOS with charitable Status and working toward a satisfactory standard of CCOP are able to
apply to this progrAmme. In 2023124 fifteen CCOS received grants of either £25,000, £20,000 or £15,000 depending on
their ability to deliver this complex programme. Each level of funding requires different levels of KPIS. There is a
strong partn¢rship with the PLCF to ensure that the quality of delivery 18 maintained across all CCO8 in ihe Premier
League and EFL. This ensure that programme8 can grow 88 they improve. A range of support and training opportunities
18 available, including coach development in partnership with the FA.
Women and Glrls Pllot Progr8mme
In 2018119 the Trust worked with the Wembley National Stadium TNst (WNST) to create a pro8ramme funding
Women and Girls development at 8elected CCOS.
£IOO,000 was given by WNST to fund the programm¢ and eleven projects were successfully delivered, receiving grants
of £67,325. The pandernic led to the project being suspended with a rcsidual amount (after costs) of £22,273.
In Spring of 2023 the Trust and WNST agreed to rLm a ¥mall grants programme with activities to coincide with the FIFA
Women's World Cup. In May 2023 trustees agreed to make a contribution and increa8e the fund to £32,000, allowing
eight grants of £4,000 to be offered.
Eight grdnt8 w¢re made to a group of CCOS who were establithed charities with & satisfactory CCOP level. The aim of
these projects wa8 to engage with women and girls not currently playing football and from disadvantaged and
underrepresented groups. This programme was succeSSfi￿ in a¢hi¢ving its targets.

THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024
ACUIEVEMEIYT AND PERFORMANCE
Charitable activities
This year has been one of consolidation for the Trust. The security of future funding has allowed the recruitment of
additional statT re8ource5, and this has improved the service the Trust offers to CCOS, including a higher degree of
support and monitoring of governance and improved feedback to projects. This has had the impact of reducing the risk
of funding poor perforniing projects and ensuring that all charities are meeting the reporting requirement8 of the Charity
Commtssion.
These projects included working with young people at risk of offending, supporting health initiatives, cheerleading*
music, dance and other arts activities, encouraging volunteering, working with young people not in employment,
education or training (NEETS), helping different disability groups to play sport, creating educational initiatives for adults
and children, working with isolated community groups, green projects, healthy eating and lifcstyle and working in
phrtnership with schools to deliver football coaching and other initiatives.
The Trust funded 43 projects during the year. The type and variety of projects was:
Anti-social behaviour
CCO development
Disability sport
Football/sport activitie8
Health & wellbeing
Mental health
Older peoplc
School 8POrt l interventions
Social inclu.8ion
Women & 8ir18
io
Those projects referred to as CCO development were for the recruilment of core staff. This is an important aspect of
NLT funding, particularly for new or developing charities. Increasingly. CCOS are delivering project8 with a wider
community benefit than just sport.
Investment performvdnce
The charity does not deliver projects, it instead makes grants to CCOS to enable them to deliver the projects. To receive
a grant for a project, KPIS must be Set by the applicant which must be acceptable to the charity and two of four core
outcome5 must be achieved by the project.
At both the half way point and the end of the project, an assessment of how the project has perfonned against these
me88ure8 must be submitted to the charity, and if the results are satisfactory then payment of the grant will be made.
Perforniance data is still being reviewed. but it is estimated that funded projects delivered at least 20,820 session8 and
ev¢nts during the ycar* producing ov¢r 31,280 hours of activity al 565 venues. There were over 370.000 attendances.
NLT Under Ils Cup
This annual tournament for primary schools again attracted 45 entries in its sixth year. Most clubs entcred both the
mixed and girls, events. Clubs hold their own tournaments to find their champion schools. and this involved almost
1,000 schoo15 across the country.
The Trust then nll￿ a series of regional tournaments. hosted by National League clubs. This year eight were held at
Boreham Wood. Hartlepool United, Oldham Athletic, Solihull Moors, Tonbridge Angels, Woking. Yeovil Town and
York City. Winners and rlllmers-up then competed in the 8emi-finals, hosted by Slough Town and Chesterfield.
The finals are played at Wembley Stsdium prior to the League's promotion play-off. This year, Oldham Athletic beat
Aldershot Town in the mixed competition and AFC Fylde defeated Slough Town in the girls fmal.

THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024
FINANCIAL REVIEW
PriDcRpal fundlng sources
The principal funding source is the Professional Footballers Association who have donated £1,200,000. The level of
funding for 2024125 will also be £1,200,000. Each year £300,000 of the donation has been ring-fenced for the Premier
L£ague Primary Stars grant programme in line with the ternis of the grant received. Both the Premier Leagu¢ and PFA
have committed to continue to fvnd the Trnst until 2028.
Reserves polley
Free reserves at 31 May 2024 amounted to £1,] $6,661(2023 - £1,143,321). These are held for future grant ¢laims and
support costs in 2023124 restricted funds. At all times the Trust has an uncommitted reserve of £IOO,000. Interest will
continue to be received on the cash deposits and the trustees consider there are sutTicient reserves to cover all
expenditure in the coming year.
Golng concern
The charity has rnore than sufficient funds available to meet its committed liabiliti¢s and no material uncertainties exist
regarding its ability to continue. The Trustees therefore b¢lieve that it 18 corrccl to prepare these fmancial statements on
a going concern basis.
PrlnelpAI rl$k8 and uncertaintles
The main uncertainty regarding income has been relieved by the agreement with the PFA which Qonfimied funding until
July 2028. This agreement includes the arrangement that portion of fimd¥ are paid every three months. Funding is
subject to r¢porting to the PFA during cach year, and there are repa￿ent clau8es in place if the Trust fails to nieet these
obligations.
The major risk is in respect of potential fraud in re8PCCt of grants paid. This is managed in part by the majority of grants
being made mainly to CCOS. Where grants are made lo club-based project8 these amounts are underwritten by The
National L£ague, who have committed to recoup the money from the cluby and repay it to the Trust. The League have
also agreed to offer bookkeeping seryices to the Trust at no cost.
FUTURE PLANS
In 2023 the Trust began work on a strategic review, including discussions with the National League about how the two
organi8atlo￿s could work together more effectively. This review is expected to be completed during 202516 and will
consider future Income dcv¢lopment, the ¢harity's structur¢ and staff succession planning.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by it8 governing document, the articles of association, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006. In the event of the company being V￿Und up the member 18
required to contribute an amount not ex¢eedin8 £1.
Trustees
The charity is governed by the trustees who currently meet four times a year and the meetings are attended by trust Staff,
who act in an advisory and reporting capacity only. Each year one third of the Tru,stee5 must retire but they may be
reappointed and there must be a minimum of three at all times.
The trustees have been Selected for their experience in football administration, knowledge of the bcneficiary ¢lubs and
general business 8kn'lls, together with their prominence a8 commiinity figures. N J Perchard and T Angus have also been
appointed as representstives of the major donors to 8&818t with the objectives of the charity being met.
The charity has further strengthened this position by the appointment of an independent trustee in January 2024. Nabila
Zulfiqar is a solicitor specialising in professional regulation and governance and a non-executive director of the National
League.
Tn￿le¢S are given training as required, to include training on the asse8sment of grant applications.

THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
All decisions are made by the Trustees at their meetings. The administration of the scheme is managed by the TnL8t'8
staty, who deal directly with each applicant and report to the Trustees on the proposed projects.
Key management remuneratlon
The remuneration of key management is agreed by the Trustees.
Related partles
Details of related parties and related paty transactions are given in note 17 to the financial statements.
Rlsk management
The trustees have a duty to identify and review th¢ risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable a&8urance against fraud and error.
REFERENCE AND ADMINISTIL4TIVE DETAILS
ReEl8tered Company number
07877720 (England and Wales)
Reglstered Charlty number
1145603
Reglstered offlce
Waterloo House
20 Waterloo Strect
Binningham
B2 5TB
Tru¥tees
J D Pearce - Chair
Lord Faull(ner of Worce8ter
N J Perchard
P G F&irclough
N Zulfiqar (appointed 25, l.24)
Auditor8
Blackthorns
Chartered Accountants
and Registe￿ d Auditor5
Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 IXG
Sollcltors
Bates Wells & Braithwaite London LLP, 2-6 Cannon Street, London EC4M 6YH
Bankers
National Westminster Bank plc, Northwich, Chc8hire

THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024
STATEMENT OF TRUSTEES, RLSPONSIBILITIES
The trustees (who are also the dircctors of Thc National Lcague Tnjst Ltd for the purposes of compary law) are
respunsiblc tor prcparing the Rq)ort ot.the Trustees and thc financial s18tcments in accordance wlth applicable law und
United Kingdom ALcounting Standards (lJnited Kingdom Generally Acccpicd Accounting Practice).
Comp8ny law requircs the truslccs to prepare financial si4tcments for edGh financial year which give a true and fair view
of th¢ state ol. affairs of the Lharitable company and of thc incoming r¢sources and application of rcsources, inLluding
th¢ income and cxpenditurc, of the charitable company for that pcrlod. In preparing those financial statement5. the
trusiecs are required to
sclect suitablc accounting policies and Ihcn apply thcm consisientty.
observc the methods and principles An the Charity SORP.
make judgements and cstimatcs that are reasonablc and prudenL'
prepare ihc financi41 statemcnls on the going ¢oncem b&gis unless it is inappropriate to presume that thc charitable
company will continue in businexs.
The truste¢s are r¢sponsible for keeping proper accounting records whi¢h disclose with reasonable aLcuracy at any time
thc financial position of the charitable company and to cnablc them to ensurc that the linancial statements comply with
Ihc Cumpanie8 Act 2006. Thry Arc al80 r¢spon8ible for safc8uarding the assets of the Lharitablc company and h¢ncc for
tskin8 reasonable steps for ihc preventiun and detcction of traud and o¢her irrcgularitics.
In so lar as the tn￿tee8 are aware:
therc is no relevant audit inforn)ulion of which thc charitablc company's lluditors are unawwc. and
thc truste04 havc takcn all sleps that thcy ought lo have taken tu makc themsclves aware of any rclcvant audit
infomation and to establish that ihe auditors are aware ol'thal intorniation.
AUDITORS
The auditors, Rluckthorns, will bc pN)posed for re-appointmcnt at the forthcoming Annual Cyencral Mcctin8.
17121
Approved by order of th¢ bL)ard ot"Irust¢es un .....,......
. and sI￿¢d on its bchalf by:
J D Pearce - Trus
ee

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE NATIONAL LEAGUE TRUST LTD
Opinion
We have audited the financial statements of The National League Trust Ltd (the 'charitable companl) for the year ended
31 May 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Sialement and
notes to the fthancial statements, including a summary of significant accounting policies. The fU￿nCIal reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Pr￿lIce).
In our opinion the financial statements:
give a ttue and fair view of the state of the charitable companys affair8 as at 31 May 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companie8 Act 2006.
BA818 for oplnion
We conducted our audit in accordance with Inl¢rnational Slandards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditors, responsibilities for ihe audit of the
financial statem¢nls section of our report. We are independent of the charitablc company in accordance with the ethical
requirements that arc relevant to our audit of the f￿anCIal statements in thc UK, including the FRC'S Ethical Standard,
end we have fulfjlled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evAdence we have obtained 18 suificient and appropriate to provide a basis for our opinion.
Concluslons relating to golng concern
In auditing the financial statements, we have concluded that the trustee5' use of the going concern basi8 of accountins in
the preparation of the financial statements i¥ appropriate.
Based on the work we have perfonned, wc have not identified any material uncertainties relating to events or condition8
that. individually or collectively, may casl significant doubt on the charltable companls ability to continue as a going
concern for a period of at least twelve months from when the fmancial statements are authorised for i8sue.
Our re8pon8ibilities and the responsibilities of the trustees with re8pect to going concern are described in the relevant
sections of this report.
Other informallon
The trustees are responsible for the other infom￿tion. The other inforn)ation comprises the infonnation included in the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial .8tstements doe.q not cover the other inforn]ation and, except to the extent otherwise
explicitly stated in our r¢port, we do not ¢xpress any forni of assurance conclusion thereon.
In Connection with our audit of the finan¢ial statements. our responsibility is to read the other InfOrn￿tion and, in doing
so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge
obtaincd in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, are required lo d¢temiine wh¢th¢r this gives rise to a material mis.ststement in the
fllwicial statements thems¢lves, If, based on the work we have perforn]¢d, we conclude that there 18 a malcrial
misstatement of this other inforn]ation, we are required to report that fact. We have nothing to report in this rcgard.
Oplnlons on other matters pre5crlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the cour¥e of the audit:
the inforniation given in the Report of the Trustees for the financial year for which the financial statements are
prepared is consistent with the financial statements. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE NATIONAL LEAGUE TRUST LTD
Matters on which we are required to report by exeeption
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of
the audiL we have not identified material misstatements in the Report of the T￿￿tee8.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to rq)ort to you
if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been received from
branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, rernuneration specified by law are not made. or
we have not received all the inforniation and explanations we require for our audit; or
the trustees were not entitled to take advantage of the 8mall companies exemption from the requirement to prepare a
Strategtc Report or in preparing the Report of the Trustees.
Responslbllities of trustees
As explained more fully in the Statement of T￿SleeS, Re¥ponsibiliti¢s, the trustees (who are also the directors of the
charilable company for th¢ pUrpo￿S of Company law) ar¢ r¢spon¥ible for the preparation of the financial statements and
for being 8ati¥fied that they give a true and fair view. and for such internal Control as th¢ truslecs deterniine is necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or ernir.
In preparing the financial statements, the trust¢cs are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable. matter8 related io going concern and using the going concern
basis of accounting unless the truslees either intend to liquidate the charitable company or to cease operations, or have
no realistic alternative but to do 80.
Our re8ponsibllltles for the audlt of the financial statements
Our objectives are lo obtain reasonable assurance about whether the f￿anCIal statements as a whole are frec fmm
material mi88ta*ment, whether due to fraud or error. and to issue a Report of the Independent Auditor8 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 misslatement when it exisit>. Misstalemenls 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 the¥e financial Statements.
Th¢ ¢xtent to which our procedures are capable of detecting irregulBrities, including fraud 18 detailed below:
Based on our understanding of the company and industry we did not identify any risks of non compliance with law8 and
regulations that would impact on the companls ability lo trade or have a ma￿rIal impact on the financial statements. We
also con8idered those laws and regulations that have a direct impact on the preparation of the financial statements. such
the Companies Act 2006 and UK tsx legislation, We evaluated management's incentives and opportunxties for
fraudulent manipulation of the financial ststements (including the risk of override of controls), and deterniined that the
principal risk was regarding futLwe funding and whether the charity could meet its commitments. Audit procedures
p¢rfom)ed includcd:
discussions with management, including con8idcration of known or suspected instance8 of non-compliance
with laws and regulations and fraud.
reviewing correspondence for any issues of non-compliance.
challenging assumptions and judgernents made by management in their significant a¢¢ounting estimates and
judgements.
review minutes from all board minutes to ensure that all grants are approved and to note any significant
matters that may require adjustment ofor disclosure in the fU￿nCIal statements.
testing the commitments in detail to confJrn] fLmding levels required.
reviewing funding agreements for any clawback provisions.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE NATIONAL LEAGUE TRUST LTD
There are inherent limitations in the audit procedures described above and the further ren￿Ved non-compliance WAth
laws and regulations is from the events and transactions reflected in the rjnancial statements, the less likely we would
become awar¢ of it. Also. the risk of not detecting a malerial misstatement due to fraud is higher than the risk of not
detecting one resulting from ermr, as fraud may involve deliberate concealment or collusion.
A further (ks¢ription of our responsibilities for th¢ audit of the f￿anCIal 81alen￿nts is located on the Financial Reporting
Council's website at www.frc.org.uk/auditorsre8ponsibilities. Thi8 description forn￿ part of our Report of the
Indep¢ndent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in a￿OrdanCe with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable compan￿8
members those matters we are requir¢d io state to them in an auditors, report and for no other pu￿OSe. To the fullest
extent pern]itted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the
charxtable companys member3 as a body. for our audit work, for this report, or for th¢ opinions we have fonned.
Victoria Brassington BA FCA (Senior Statutory Auditor)
for and on behalf of Blackth0rn8
Chartered A￿OUntants
and Re8lStered Auditors
Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 IXG
28 Febnwy 2025

THE NATIONAL LEAGUE TRUST LTD
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MAY 2024
31.5.24
Total
funds
31.5.23
Total
funds
Unrestrleted
fund
Restricted
fundg
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,200,000
1,200,000
1,209,724
Investment incomc
20,349
20,349
7,420
Total
1.220,349
1,220,349
1,217,144
EXPENDITURE ON
Charltable aetlvltles
Grants to Club Community Organisations
(CCOS)
Management
Governance
1,025,858
1.025,858
1.124,632
5,755
6,879
11.265
11,265
Other
139,919
139,919
102,240
Total
1,177,042
1,177,042
1,239,506
NET L¥COMEI(EXPENDITURE)
43,307
43,307
(22,362)
RECONCILIATION OF FUNDS
Total fimds brought forward
1,143,321
1,143,321
1,165,683
TOTAL FUNDS CARRIED FORWARD
1,186,628
1,186,628
1,143,321
The notes forn] part of these financial statements
-io-

THE NATIONAL LEAGUE TRUST LTD
BALANCE SHEET
31 MAY 2024
31.5.24
Tot41
funds
31.5.23
Total
funds
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
12
3,232
3,232
412
CURRENT ASSETS
Debiors
Cash at bank
13
1,200,000
731,600
1.200,000
731.600
1,909,260
1,931.600
1,931,600
1,909,260
CREDITORS
Amounls falling duc within one year
14
(748.204)
(748,204)
(766,351)
NET CURRENT ASSETS
,183,396
1,183,396
1,142,909
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,186,628
,186,628
1,143,321
NET ASSETS
1,186,6211
1,186,628
1,143.321
FUNDS
Rcslricted lunds:
Main Grdnt Fund
Prtmary 8tar8 Fund
16
,013,613
173,015
893,082
250,239
1.186,628
.143,321
TOTAL FUNDS
1.186,628
1,143,321
Thesc financial slalements have bcen prepared in accordan¢¢ with thc provisions applicable to charitable ¢ompanics
subject to th¢ small compani¢s regimc.
The financial statemcnts were approved by the Board of Truslees and authorised for i88UC
. and wer¢ signed on its behalf by:
on
. .7.. ".z¥c/J .
car
N J Perchard- Tn￿te¢
The notes form part of these financial statements

THE NATIONAL LEAGUE TRUST LTD
BALANCE SHEET
31 MAY 2024
31.5.24
Total
funds
31.523
Total
funds
Unre5trlcted
fund
Restrleted
funds
Notes
FIXED ASSETS
Tangible ass¢ts
12
3,232
3,232
412
CURRENT ASSETS
Debtors
Cash ￿ bank
13
1.200.000
731,600
1,200,000
731,600
1.909.260
1.931,600
1,931,600
1,909.260
CREDITORS
Amounts falling due within one year
14
(748,204)
(748,204)
{766.351)
NET CURRENT ASSETS
1,183.396
1,183,396
1,142,909
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,186,628
1,186,628
1,143,321
NET ASSETS
1,186,628
1,186.628
1,143,321
FUNDS
Restricted fiinds..
Main Grant Fwjd
Prirnory Stars Fund
16
1,013,613
173,015
893.082
250,239
1,186,628
1,143.321
TOTAL FUNDS
1,186,628
1,143,321
These financial 8tat¢ments havc been prepared in a¢¢ordance with the provision5 applicablc to charilable companies
subject to the sm￿1 comp&nies r¢8ime.
The financial statements wcre approved by thc Board of Trustees And authorised for issue
27 IZI<.,S"
. and were si8n¢d on its behaifby..
on
J D Pearce - Tn￿tee
N J Perchard - Tn￿teC
Th¢ notes fomi part of thes¢ fjnancial statements

THE NATIONAL LEAGUE TRUST LTD
CASH FLOW STATEMEiYr
FOR THE YEAR ENDED 31 MAY 2024
31.5.24
31.5.23
Notes
Cash IloTrvs from operating actlvltles
Cash generated from operations
(1,321,557)
(22,042)
Net cash used in operating activities
(1.321,557)
(22,042)
Cash flows from Investlng Acllvities
Purchase of tsngible fixed assets
Interest received
(3,300)
20,349
7,420
Net cash provided by inve8ting activities
17,049
7,420
Change In cash And cash equlvalents In
the reportlDg perlod
Cydsh Vdnd txsh equivalents at the
beglnnlng of the reportlng perlod
(1,304,508)
(14,622)
1,909,260
1,923,882
Cash and ea8b equlvvdlents At the end of
the reportlng perlod
604,752
1,909,260
The notes fonn part of these fmancial statements
-12-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MAY 2024
RECONCtLIATtON OF NET INCOMEI(EXPENDTTURE) TO IYET CASH FLOW FROM
OPERATING ACTIVITIES
31.5.24
31.5.23
et Incomel(expenditure) for the reporting perlod (as per the
Statement of Flnanclal Activltles)
Adjustments for:
Depreciation charges
Interest received
(Increa8e)/decrease in debtor8
(Decrease)lincrea8e in creditors
43,307
(22.362)
480
(20,349)
(1.200,000)
(144.995)
705
(7,420)
460
6,575
Net cash used In operations
(1.321,557)
(22.042)
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.5.24
31.5.23
Notice deposils {less than 3 months)
Overdrafts included in bank loans and overdrafts falling due WAthin one year
731,600
(126,848)
1,909,260
Total cash and ¢a8h equivalents
604.752
1,909,260
ANALYSIS OF CHANGES IN NET FUNDS
At 1.6.23
Cash flow
At 31.5.24
Iyet caih
Cash at bank
Bank overdraft
1,909,260
(1,177,660)
(126,848)
731,600
(126.848)
1,909,260
(1,304,508)
604,752
Total
1,909,260
(1,304,508)
604,752
The notes forn] part of these fllW]cial statements
-13-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
STATifroRY INFORMATION
The National Ixague Trust Ltd is a private charitable company, limited by guarantee. regtsterrd in England and
Wale8.The registered company number is 07877720. The address of the charity's registered offic¢ is Waterloo
House, 20 Waterloo StreeL Binningham. B2 5TB.
The financial statements are pre¥ented in Sterling, which is the functional currency of the charitable company.
ACCOUNTllYG POLICIES
Basls of prep¥drlng the flnanelal statements
The fmancial ststements of the charitable company? which is a public benefit entlty under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement
of Recommended Practic¢ applicable to charities preparing their accounts in accordance with the Financial
Reporttng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
Income
All income 18 recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably.
Voluntary income by way of donations are included in full in the Statement of Financial Activitics when
receivable.
Bank interest is included in the period in which it accwes.
Resources expended
Liabilities are recogni8ed as cxpenditure a8 soon as there is a legal or ¢onstructive obligation Committing the
charity lo that expendttLwe, it 18 probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrua18 basis and has
been classified under h¢ading8 that ag8re8ate all cost r¢lated to the ¢at¢gory. Where costs ¢annot be dir￿tlY
attributed to particular headings they have been allocat¢d to activities on a basis consi8tent with the use of
re50urce8. The charity 18 not registered for VAT, and expendimre 18 analy8ed inclusive of VAT where this has
bcen incurred.
Support costs compri¥e those costs incurred by the charity in the delivery of its activities and services for ils
beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect
nature to support them.
Governance costs include th08e Costs associated with meeting the constitutional and statutory requirement8 of the
charity and include the audit fee and costs linked to the strategic management of the charity.
Grants payable are payments to third parties in the furtherance of the charitable objecL8 of the TrusL Granis are
accounted for in the year in which they are awarded without conditio
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but
not accrued as expendiiure.
Cvdsh and cash equivalents
Cash and cash equivalents compri8¢ cash at bank and on hand, demand dq)osits with bank8 and other Short terni
highly liquid investments with original rnaturities ofthree months or less.
-14-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024
ACCOUNTING POLICIES - continued
TAnglble fixed assets
Depreciation 18 provided at the following annual rates in order to write off each asset over its estima*d usefi
life.
Fixtures and fittings
Computer equipment
200/0 on cost
25Q/o on c08t
Tangible fLxed assets held for the charitable CoMpan￿S own use are 8tated at cost less depreciation and
accumulated impainnent1088es. At each balance sheet date, the charitable company reviews the ¢arrying amount
of its tangible fixed assets to detern]ine whether there is Any indication that any items have suffered an
impairnient loss. If any su¢h indication exists, the recoverable amount of an asset is estimated in order to
detcrniine the extent of the irnp&irn)ent108ses, if any. Where it is not P088ible to estimate the recoverable amount
of the asset, the company estimales the recoverable amount of the cash-generating unit to which the ass¢t
belongs,
Taxatlon
The charity 18 exempt from corporatton tsx on its charitsble activitie8.
Fund aecountlng
un￿tricted ￿ndS can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriction
arise when specified by the donor or when funds are raised for particular restricted purpotJes.
In the year to 31 May 2023 all funds are restricted and the balance on the funds, and further explanation of the
nature and purpose of each fund. are included in the notes to the financial 8tatement8.
Flnanelal In8trument$
The charity only ha8 financial assets and f￿anCIal liabilities of a kind that qualify a8 basic f￿ancIal instruments.
Basic f￿anCial in8trument8 are initially recOgni￿d at transaction value and subsequently measured at their
8ettl¢ment value.
Trade and other debtorg
Trade and other debtor8 are recongnised at the settlement amount after any trade di8COiUIt offered.
Trade and other credltors
Trade and other creditor8 are recognised where the charity ha8 a pre8ent obligation resulting from a past event
and the amount due to ¥etile the obligation can be measured or e8timated reliably. Creditors are recognised at
their settlement amount after allowing for any trade dAscounts du¢.
Going coneern
No n￿terial uncertaintie¥ exist related io events or conditions that may cast doubt upon the charAty'8 ability to
continue as a going concern.
-15-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024
DONATIONS AND LEGACIES
31.5.24
31.5.23
Donations
1,200,000
1,209,724
INVESTMENT INCOME
31.5.24
31.5.23
Deposit account interest
20,349
7,420
CHARITABLE ACTIVITIES COSTS
Grant
funding of
acllvltlel
(see note
o)
Support
Costs (see
note 7)
Total8
Grant8 to Club Community
Organisation8 (CCOS)
Governance
1,025,858
1,025,858
11,265
11,265
1,025,858
1,265
1,037,123
GRANTS PAYABLE
31.5.24
31.S.23
Grants to Club Community Or8anisations (CCOS)
1,025,858
1,124,632
31.05.2024
31.05.2023
Grants to National League CCOS
Grants WAthdrawn
Transfer of fimds from n￿1n grant fimd to Women and Girls fund
1,025.858
1,183,308
(68,400)
9,724
1,025,858
1,124,632
-16-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMEIIryS - eontinued
FOR THE YEAR ENDED 31 MAY 2024
SUPPORT COSTS
Governance
eosts
Management
Other
Totals
Other re80urces expended
84,704
55,215
139,919
11,265
11,265
84,704
55,215
11,265
151,184
Support costs. included in the above, are as follow8:
31.5.24
31.5.23
Other
re8ouree8
expended
Total
aetlvit1¢6
Total
actlvllles
Governance
Admini8tration support
Sundries
Publi¢ relations and media costs
Tournaments
Computer and Software
Views monitoring
Depreciation of tangible f￿ed asset8
Auditors, remuneration
Accountancy and legal fee8
84,704
7,563
9,186
20.426
1,432
16,128
480
84,704
7,563
9,186
20,426
1,432
16,128
480
4,771
6,494
63,795
7,707
1,037
17,942
2,352
14,457
705
4,380
2,499
4.771
6,494
139,919
11,265
151,184
114,874
1¥4ET INCOMEI{EXPENDITURE)
Net incomel(¢xpenditure) is stated after chargingl(crediting):
31.5.24
31.5.23
Auditors, remuneration
Dcpreciation - owned assets
4.771
480
4,380
705
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneratxon or other benefits for the year end¢d 31 May 2024 nor for the year ended
31 May 2023.
-17-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024
TRUSTEES, REMUNERATION AND BENEFITS - continued
Trustees, expenses
During the year a trustee was paid a total of £387 {2023 - £Nil) for travelling and slationery costs.
io.
STAFF COSTS
Total staff costs for the year ended 31 May 2024 werc
31.05.2024
75,841
2,023
6,839
31.05.2023
56,336
1,734
5,726
Wages and Salaries
Social security costs
Pension contributions
84.703
63,796
The average monthly number of employees during the year was as follow8:
31.S.24
31.5.23
Administration
No cmployees received emoluments in excess of £60,000.
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrleted
fund
Restrleted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donation8 and legacie8
1,209,724
1,209,724
Investment income
7,420
7,420
Total
1.217,144
1,217,144
EXPENDITURE OIY
Charltable aelivltles
Grants to Club Community Organisations
{CCOs)
Management
Governance
1,124,632
5,755
6,879
1,124,632
5,755
6,879
Other
102,240
102240
Total
1,239,506
1,239,506
NET INCOMEI(EXPEIYDITURE)
(22,362)
(22,362)
RECONCILIATION OF FUNDS
Total funds brought forward
1.165,683
1,165,683
-18-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - eontlnued
Unrestrlcted
Restricted
fund
funds
Totsl
funds
TOTAL FUNDS CARRIED FORWARD
1,143,321
1,143.321
12.
TANGIBLE FIXED ASSETS
Flxtures
and
flttlngs
Computer
equipment
Tota
COST
At l June 2023
Addition8
Disposals
3,524
1,642
3,300
(1,642)
5,166
3.300
(1,642)
At 31 May 2024
3,524
3.300
6,824
DEPRECIATION
At l June 2023
Charge for year
Elin]inated on disposal
3,112
411
1,642
69
(1,642)
4.754
480
(1,642)
At 31 May 2024
3,523
69
3,592
NET BOOK VALUE
At 31 May 2024
3,231
3.232
At 31 May 2023
412
412
13.
DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
31.5.24
31.5.23
Other debtors
1,200,000
-19-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MAY 2024
14.
CREDrroRS: AMOUNTS FALLING DUE WTTHIIY ONE YEAR
31.5.24
31.5.23
Bank loans and overdrafts {se¢ not¢ 15)
Grants awarded
Other creditors
Accrned ¢xpenses
126,848
615,269
760,541
6,082
5,810
748,204
766,351
15.
LOANS
An analysis of the maturity of loans is given below:
31.5.24
31.5.23
Amounts falling due within one year on demand:
Bank overdraft8
126,848
16.
MOVEMENT IN FUNDS
Net
movement
In fundg
At
31.5.24
At 1.6.23
Restrlcted funds
Main Grant Fund
Primary Stars Fund
893,082
250,239
120,531
(77,224)
1,013,613
173,015
1,143.321
43,307
1,186,628
TOTAL FUNDS
1.143,321
43,307
1,186,628
Net movement in funds, included in the above are as follows:
Incomjng
resources
Resources
expended
Movement
In funds
Reslrlcted funds
Main Grant Fund
Primary Stars Fund
920,349
300,000
(799,818)
(377,224)
120,531
(77.224)
1,220,349
(1,177,042)
43,307
TOTAL FUNDS
1,220,349
(1,177,042)
43.307
-20-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024
16.
MOVEMEI¥4T IN FUNDS - contlnued
Compvdratives for movement In funds
Net
movement
in funth
At
31.5.23
At 1.6.22
Re8trlcted lunds
Main Grant Fund
Primary Stars Fund
Women & Girls Developmeni Fund
812,540
330,867
22,276
80,542
(80,628)
(22,276)
893,082
250,239
1,165,683
{22,362)
1.143,321
TOTAL FUNDS
1,165,683
(22,362)
1,143.321
Comparative net movement in funds, included in the above are a8 follows:
Ineomlng
resource8
Resources
expended
Movement
In fund8
Restrlcted funds
Main Grant Fund
Primary Stars Fund
Women & Girls Development Fund
907,421
299,999
9.724
(826,879)
(380,627)
(32,000)
80,542
(80,628)
(22.276)
1,217,144
(1,239,506)
{22,362)
TOTAL FUNDS
1,217,144
(1,239.506)
(22.362)
A current year 12 months and prior year 12 months combined position is as follows:
1¥4et
movement
In funds
At
31.5.24
At 1.6.22
Restricted funds
Main Grant Fund
Primary Stars Fund
Women & Girls Development Fund
812,540
330,867
22,276
201,073
(157,852)
(22,276)
1,013,613
173,015
1,165,683
20,945
1.186,628
TOTAL FUNDS
1,165.683
20,945
1,186,628
-21-

THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024
16.
MOVEMENT IN FtJNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds. included in the abov¢ are
as follows-.
Incon￿￿8
resources
Resources
expended
Movement
In fullds
Restrlcted funds
Main Grant Fund
Primary Stars Fund
Wonjen & Girls Development Fund
1,827,770
599,999
9,724
(1,626,6971
(757,851)
(32,000)
201,073
(157,852)
(22,276)
2.437,493
(2.416,548)
20,945
TOTAL FUNDS
2,437,493
(2,416,548)
20,945
Premler Levdgue Primary Stars - This is an education programme that connects learning to the world of sport to
enthuse pupils when tackling challenging topics.
Women and Glrls Fund - Thi8 pilot programme was in conjunction with the Wembley National Stsdium Trust.
Selected CCOS w¢re chosen in partnership with the FA to pmvide an effective vehicle to cncourage more
female8 to play football.
Maln Fund - All other projects 8UPPOrted by the charity are under the main fund. This 8UPPOrts all other projects
of CCOS to promote a healthier physical and mental lifestyle in the local community.
17.
RELATED PARTY DISCLOSURES
There were no related party transa¢tions for the year ended 31 May 2024.
18.
ULTIMATE CONTROLLING PARTY
The ultimate ¢ontrolling paty 18 The Football Conference Limited, known as The National League, who is the
Sole member, although the charity is under the day to day control of the Tru5t¢e8.
-22-

THE NATIONAL LEAGUE TRUST LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2024
31.5.24
31.5.23
INCOME AND ENDOWMENTS
Donatlons and legydeles
Donations
1,200,000
1,209,724
Investment Incon
Depo8lt account interest
20,349
7,420
Total Incomlng reiources
1,220,349
1,217,144
EXPENDrruRE
Charitable aetivltlej
Grants to institutions
1,025,858
1.124,632
Support colts
Management
Admini¥tration support
84,704
63,795
Other
Sundrie8
Public relations and media costs
Tournaments
Computer and software
Views monitoring
Fixtures and fittings
Computer equipment
7,563
9,186
20,426
1,432
16,128
411
69
7,707
1,037
17,942
2,352
14.457
705
55,215
44,2CH)
Covernanee eostg
Auditors, remuneration
Accountancy and legal fees
4,771
6,494
4,380
2,499
11,265
6,879
Total resoU￿e8 expended
1,177,042
1,239,506
Iyet Incomel(expendlture)
43.307
(22.362)
This page does not forni part of the statutory fuwicial statements
-23-