REGISTERED COMPANY NUMBER: 09138052 (England and Wales)
REGISTERED CHARITY NUMBER: 1159325
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
FOR
YORK CITY FOOTBALL CLUB FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
YORK CITY FOOTBALL CLUB FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
|
Page |
Report of the Trustees |
1 to 6 |
Statement of Trustees' Responsibilities |
7 |
Independent Examiner's Report |
8 |
Statement of Financial Activities |
9 |
Balance Sheet |
10 to 11 |
Cash Flow Statement |
12 |
Notes to the Cash Flow Statement |
13 |
Notes to the Financial Statements |
14 to 20 |
YORK CITY FOOTBALL CLUB FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
with the financialstatementsof the charityfor the year ended 30 June 2024. The trustees have adoptedthe provisions
of AccountingandReportingby Charities:Statementof RecommendedPracticeapplicableto charitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Vision
YorkCityFootballClubFoundationwasestablishedin2014withthevision:"tosupportthelocalcommunity by
providingsportandphysicalactivity;educational;socialandhealthylifestyleopportunities,andensuringthat our
contributions have a realistic opportunity of making a positive impact".
ThefundamentalaimoftheFoundationhasbeentofindwaysofsupportingthelocalcommunityby providing
opportunitiesforphysicalactivities,socialelementsandenjoyment,aswellascreatingapathwayfor development,
talent and competition for all ages.
Origins
In2007YorkCityintheCommunity(YCITC)wascreatedbyYorkCityFootballClubwithasmallteamof coaches
employedtoembracedeliveringfootballinthecommunity,predominantlyworkingwithinschoolsintheYork area.
TheFootballClubsupportfortheprogrammehasalwaysbeenvital,althoughovertheyearstheprogramme has
grown immensely and developed a much wider focus by achieving charitable status as York City FC Foundation.
Impact
TheimpactfulworkoftheFoundationisaimedatimprovingcommunitycohesion;reducingsocialisolation and
loneliness;addressingholidayhungerandyoungpeople'shealth;promotingsocialprescribingmodels and
partnerships working in numerous guises with national, regional and local organisations and services across the City.
TheFoundationalsoworkshardtousetheirstandinginthecommunitytoraiseawarenessforrelevant national
campaignsincludingin recentyears:SuicideSafer York,CancerChampionsandthe homelesscommunityand services
in York.
Stats and facts
-
Reaches nearly 2,000 people per week on average.
-
Age range of participants - 4 to 88 years.
-
Offers a pathway for engagement and recreation, and talent routes in all programmes.
-
Works across the city of York, and the wider North Yorkshire geographical area.
-
Represented on York Youth Sector, Active York Strategic partnership for sport and leisure, Football Facilities Steering
-
Group, Women & Girls FA Steering Group amongst other key partnerships.
Programmes
TheFoundationoffersabroadrangeofprogrammesprovidingopportunities,developingpathwaysandusing the
vehicle of sport and the power of the brand to make a difference, under the key headings of:
Sports Participation - Community and Female
Health & Wellbeing - Programmes centred on the health benefits to be gained from participation in sport.
Social Inclusion - Programmes to widen access to sport for disadvantaged groups
-1-
YORK CITY FOOTBALL CLUB FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
Objectives and vision
The Charity has identified three objectives for the coming years, which together contribute to achieving the vision:
- to make available a range of quality sporting and recreational activities appropriate to the needs of the community.
- to focus our work on enabling disaffected groups, including targeted young people, girls and disabled people.
-toworkinclosepartnershipwiththelocalcommunity,YorkCityFCandagenciesfromthepublic,private and
voluntary sector.
TheScheme'smainfocushasremainedfootball,withothersportsdeliveredthroughthemediumof multi-skills
sessions to highlight transferrable sporting skills, but more prominence has been put on inclusion within sport.
ThetrusteesconsiderthattheyhavecompliedwiththeirdutyunderSection17(5)oftheCharitiesAct2011to have
due regard to public benefit advice published by the Charity Commission.
-2-
YORK CITY FOOTBALL CLUB FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
ACHIEVEMENT AND PERFORMANCE
The threetrusteesappointedduring2023have all settledin well bringingtheirskillsto the benefitof the Foundation
andamoreprofessionalapproachtotheoversightoftheoperations.Weareextremelygratefulfortheirtime and
effort.
Thestaffhasseenseveralchangesbutremainedflexibleandsupportivecarryingoutworkforthepurpose the
Foundationwas created,to help tackle some of the key socialissues such as loneliness,mental health,lack of physical
activity and specific health issues.
TheyeartoJune2024sawthesaleofYorkCityFootballClubtoMattandJulie-AnneUggla.Theyand their
representativeshavebeeninvitedtoBoardmeetingstooptimisecommunicationbetweenthefootballcluband the
Foundation. Paul Sackey attended in December.
Sports Participation
YorkCityLadiesremainedinTierFouroftheFemaleFootballPyramidhavingworkedveryhardandsurvivedin that
level after a toughseasonwith matchesagainstLeeds, Middlesbrough,Barnsleyamongstothersand at the end of the
season,wontheCountyCup.ThehomegroundmovedtoUniversityof Yorktomeet groundgradingcriteria,and to
providea longer term vision for growth.A new Managerwas appointedin February2024, to enable Steph Turnbull to
take on an overseeing role as Sporting Director and allow the first team manager to focus solely on the first team.
TheBusinessBellesnetworkinggroupsetupspecificallyforbusinesswomenwhichwasoriginallyassociatedwith the
Ladiesfootballteamhasgrownconsiderablyandnowoffersmonthlynetworkingevents.Withover200 members,
this helps to promote the Foundation and YC Ladies across the City in a corporate environment.
Despitethelackof centralfundingfortheTalentAcademy,thegirlsPathway,alsoincorporatingtheEmerging Talent
Centre,hascontinuedtoperformwellwithrecordnumbersandseeingevenmoreplayersmovinguptoYork City
LadieswiththedevelopmentoftheUnder23salongsidetheDevelopmentSquad.Theboy'sPathwayalso remains
strong. The end of season presentation evenings hosted over 300 and 450 attendees respectively.
ActivitieswithschoolscontinuedtogrowincludingthedeliveryofPremierLeaguePrimaryStarstosixmain Partner
Schools,andsmallgroupinterventions,footballfestivalsandextra-curricularclubstoover100schoolsin total.
HolidayFootballFunCoursesremaininhighdemand,andpricescontinuetoreflectacommunityethosto remove
barrierstoattendance.Inaddition,theHappyHealthyHolidaysProjectcoveringlongerschoolholidayscontinued to
provide activity and food with full funded spaces for young people.
Health & Wellbeing and Social Inclusion
A new partnershipwith Portakabinenabledweekly Boot The Blues Kick Aboutsessionsto continueto take place. Well
supportedand needed, aimed at men who may have mental healthissues helpingmental and physicalwell-being with
exercise and peer support.
AnewinitiativeWalkwithYork,hasbeencreatedbythepartnershipandtrialled.Anorganised30minutewalk for
anyonewhoworksin the areato joinin fromthe stadiumcarparkto "takea moment"andrefresh.Thishas proved
popular, and attendances are growing.
OurlongstandingregularWalkingFootballsessionsforbothmenandwomencontinuestogrowashasthe Sporting
Memories groups,activitiesfor those seeking fellowshipand companionship.Many interestingspeakersfrom the club
managementandstafftojournaliststoprofessionalshavecomealongtoentertainthemembersandweare very
grateful to all who have supported this important initiative.
A new WalkingFootballgroupmeetingweeklyspecificallyforsufferersof ParkinsonsDiseasehasbeencreatedand is
growingveryfast,thankstosupportfromParkinsonsUK,andiswellsupportedandisimmenselybeneficial to
participants.
-3-
YORK CITY FOOTBALL CLUB FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
We continueto be a deliverypartnerfor the Man v Fat leaguein York,withover 40 playersattendingkeen to reduce
their waistlines with the right support and activity.
Physicalactivitysessionsforyoungpeople5-17heldinlocalparksduringEasterandSummerholidays, which
encourageactivityinasafebutrelaxedenvironmentintargetedareasofneedhavecontinued,andCity KickAbout
weeklypositivediversionaryactivitiesintwoareasoftheCityhaverunthroughouttheyearthankstothe ongoing
support from Persimmon Homes.
The Foundationcontinuesto reflectrelevantissuesandsupportcampaignsrelevantto theCity,withthedonation of
thousandsoftoystofamilieswhomaynothavebeenabletoprovidepresentsatChristmas,withsupport from
partnersCityCruises,foodandclothingwascollectedanddonatedjointlywithClubfansforHOPINGStreet Kitchen
andtheYCFCyouthteamalongwithPaulaandotherstaffmemberstookpartinasponsoredsleepoutinApril with
around50othervolunteersatthestadiumraisingmoneyfortheFoundationand3otherlocalcharities supporting
rough sleepers, homeless and disadvantaged families in York.
Sponsors and Funders
Throughouttheyearwe havebeenincrediblyfortunatetohaveattracteda largenumberof sponsorsforour events,
YorkCityLadiesandvariousinitiatives.KeythankstolongstandingpartnersPersimmonYorkshire, Portakabin,
National League Trust, Premier League Charitable Fund and the FA for funding support and resources.
OurpositionasacharityfocussedontheYorkRegionhasresultedinusbeingchosenastheLordMayorscharity of
theyearandalsoYorkProfessionalscharityoftheyearwhichbeginduringthisseasonbutculminateinthe next
financial year.
We are truly grateful for all of our supporters. Without them, the Foundation could not operate. THANK YOU!
Paula and the staff
We are fortunateto have a great team managed by Paula Staintonwith Phil Smith and the Trustees offer their grateful
thanks for another excellent year.
FINANCIAL REVIEW
The Foundation incurred a small overall deficit of £7,211 in the year, from a surplus of £1,566 in 22/23.
Thedeficitlargelycorrespondstothe£5,000designatedbytheTrusteesintheprioryeartobeutilisedto subsidise
the running costs of the girls Regional Talent Centre in 23/24 following the change to funding from the FA.
Unrestrictedfundsattheyearendstoodat£36,616,comparedwith£43,827in22/3.TheFoundationhad no
restricted funds at the year end, or in the previous year.
The principalsources of fundingin the year continuedto be grant fundingfrom the FA, NationalLeague Trust and The
CityofYorkCouncil;incomereceivedforthedeliveryoftheschoolsandholidaycourseprogrammes;and subs,
sponsorship and donations received.
Itisthepolicyofthecharitythatunrestrictedfundswhichhavenotbeendesignatedforaspecificuseshould be
maintainedatalevelequivalenttothreemonth'sexpenditure.Thetrusteesconsidersthatreservesatthislevel will
ensurethat,intheeventofasignificantdropinfunding,theywillbeabletocontinuethecharity'scurrent activities
while consideration is given to ways in which additional funds may be raised.
Reserves continueto be belowthis targetlevel, and the trusteescontinueto focuson strategiesto buildfunds, whilst
continuing to deliver the range of high quality programmes and services.
-4-
YORK CITY FOOTBALL CLUB FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
STRATEGIC DIRECTION
The Foundationhascontinuedto worktowardsoursimplifiedvision: "Makinga PositiveDifference"workinghard to
meet and exceed StrategicAims to supportthe wider communityneeds of those affectedby the ongoingcost of living
crisis, reduced physical health and poor mental wellbeing.
ThenewpartnershipwithPortakabininearly2024andcontinuedpartnershipwithPersimmonHomes,have been
crucial to the sustainability and development of new wellbeing programmes for young people and adults.
Key aims for 2023/24and into 2024/25have been to positionthe Foundationto highlightthe charitablestatus further
withinthewidercommunityandcorporateenvironmentinYork,andtorecognisethepowerofthe programmes
being "More Than Football" in order to attract further support and partnerships.
Engagementin the localandnationalcommunitiesaroundthe female game,continueto increaseandare relevant to
theongoingdirectionoftheFemaleprogrammeswithinSportsParticipationandfutureaimsaretomatchthe FA
StrategyforWomenandGirlsbybuildingandprotectingtheuniquenessoftheWomen'sGame,and raising
aspirations and opportunities for women and girls to play, and engage off the pitch too.
Thecontinuessuccessof theFoundationovertheyearis evident,anda furtherreviewof ImpactandStrategyis due
going forward,to ensure that governanceand qualityassuranceremain at the forefrontas part of the ongoing growth
process and the values continue to be embedded of Positivity, Pride, Passion, Respect and Value.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityisconstitutedasacompanylimitedbyguaranteeandisthereforegovernedbyitsmemorandum and
articlesofassociation.Thecompanywasincorporatedon18July2014andobtainedcharitablestatuson 24
November 2014.
Relationship with York City Football Club
TheFoundationiscloselyrelatedtoYorkCityFootballClub.TheFoundationhasuseofthenameandbadgeof York
CityFootballClubandoccupiespartoftheYorkCommunityStadium.TheTrusteesaregratefulforthesupport the
football club are able to give.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09138052 (England and Wales)
Registered Charity number
1159325
Registered office
York Community Stadium
Kathryn Avenue
Huntington
York
YO32 9AF
-5-
YORK CITY FOOTBALL CLUB FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024
Trustees
J P Mcghee
M I Coulson
M A Jackson
E L Whiting
Noneof the trusteeshas anybeneficialinterestin the company.All of the trusteesare membersof the company and
guarantee to contribute £1 in the event of a winding up.
Normally one third of the trustees retire by rotation.
Independent Examiner
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
This reporthas been preparedin accordancewith the specialprovisionsof Part 15 of the CompaniesAct 2006 relating
to small companies.
Approved by order of the board of trustees on 24 February 2025 and signed on its behalf by:
J P Mcghee - Trustee
-6-
YORK CITY FOOTBALL CLUB FOUNDATION
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2024
Thetrustees(whoarealsothedirectorsofYorkCityFootballClubFoundationforthepurposesofcompanylaw) are
responsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgiveatrueand fair
viewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplicationof resources,
includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod.Inpreparingthose financial
statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any
timethefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancial statements
complywith the CompaniesAct 2006. They are also responsiblefor safeguardingthe assets of the charitable company
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
-7-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
YORK CITY FOOTBALL CLUB FOUNDATION
Independent examiner's report to the trustees of York City Football Club Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm
thatI am qualifiedto undertakethe examinationbecauseI am a member of the Instituteof CharteredAccountants in
England and Wales, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
H Priest FCA
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
28 February 2025
-8-
YORK CITY FOOTBALL CLUB FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
3
Sports Participation
307,749
Social Inclusion
42,795
Health & Wellbeing
36,234
Investment income
2
651
Total
387,429
EXPENDITURE ON
Charitable activities
4
Sports Participation
342,958
Social Inclusion
28,368
Health & Wellbeing
23,314
Total
394,640
NET INCOME/(EXPENDITURE)
(7,211)
RECONCILIATION OF FUNDS
Total funds brought forward
43,827
TOTAL FUNDS CARRIED FORWARD
36,616 |
Restricted
funds
£
66,250
39,807
10,652
-
116,709
60,000
46,057
10,652
116,709
-
-
- |
2024
Total
funds
£
373,999
82,602
46,886
651
504,138
402,958
74,425
33,966
511,349
(7,211)
43,827
36,616 |
2023
Total
funds
£
366,130
95,203
27,089
195 |
|
|
|
488,617 |
|
|
|
383,562
77,507
25,982 |
|
|
|
487,051 |
|
|
|
1,566
42,261 |
|
|
|
43,827 |
The notes form part of these financial statements
-9-
YORK CITY FOOTBALL CLUB FOUNDATION
BALANCE SHEET 30 JUNE 2024
Unrestricted
Restricted
funds
funds
Notes
£
£
CURRENT ASSETS
Debtors
10
4,321
-
Cash at bank and in hand
46,891
-
51,212
-
CREDITORS
Amounts falling due within one year
11
(14,596)
-
NET CURRENT ASSETS
36,616
-
TOTAL ASSETS LESS CURRENT LIABILITIES
36,616
-
NET ASSETS
36,616
-
FUNDS
12
Unrestricted funds
TOTAL FUNDS |
2024
Total
funds
£
4,321
46,891
51,212
(14,596)
36,616
36,616
36,616
36,616
36,616 |
2023
Total
funds
£
5,691
57,257
62,948
(19,121)
43,827
43,827
43,827
43,827
43,827 |
|
|
|
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 30 June 2024.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 June 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
-10-
YORK CITY FOOTBALL CLUB FOUNDATION
BALANCE SHEET - continued
30 JUNE 2024
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon24February2025 and
were signed on its behalf by:
J P Mcghee - Trustee
M A Jackson - Trustee
The notes form part of these financial statements
-11-
YORK CITY FOOTBALL CLUB FOUNDATION
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2024
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period |
2024
£
(11,017)
(11,017)
651
651
(10,366)
57,257
46,891 |
2023
£
(4,343)
(4,343)
195
195
(4,148)
61,405
57,257 |
|
|
|
The notes form part of these financial statements
-12-
YORK CITY FOOTBALL CLUB FOUNDATION
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2024
1. |
RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH |
FLOW FROM |
OPERATING ACTIVITIES |
OPERATING ACTIVITIES |
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Net (expenditure)/income for the reporting period (as per the |
|
|
|
|
Statement of Financial Activities) |
|
(7,211) |
1,566 |
|
Adjustments for: |
|
|
|
|
Interest received |
|
(651) |
(195) |
|
Decrease/(increase) in debtors |
|
1,370 |
(4,536) |
|
Decrease in creditors |
|
(4,525) |
(1,178) |
|
Net cash used in operations |
|
(11,017) |
(4,343) |
2. |
ANALYSIS OF CHANGES IN NET FUNDS |
|
|
|
|
|
At 1.7.23 |
Cash flow |
At 30.6.24 |
|
|
£ |
£ |
£ |
|
Net cash |
|
|
|
|
Cash at bank and in hand |
57,257 |
(10,366) |
46,891 |
|
|
57,257 |
(10,366) |
46,891 |
|
Total |
57,257 |
(10,366) |
46,891 |
The notes form part of these financial statements
-13-
YORK CITY FOOTBALL CLUB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
At the time of approvingthe financialstatements,the trusteeshavea reasonableexpectationthatthe charity
hasadequateresourcestocontinueinoperationalexistencefortheforeseeablefuture.Thusthe trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
Agrantthatspecifiesperformanceconditionsisrecognisedinincomewhentheperformanceconditions are
met.Where a grant does not specify performanceconditionsit is recognisedin income when the proceeds are
receivable.Aperformancerelatedgrantreceivedbeforetherecognitioncriteriaaresatisfiedisincluded as
deferred income in creditors.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
continued...
-14-
YORK CITY FOOTBALL CLUB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
2. INVESTMENT INCOME
Bank interest received
3.
INCOME FROM CHARITABLE ACTIVITIES
Sports
Participation
£
Charitable income
307,749
Performance related grants
66,250
373,999
4.
CHARITABLE ACTIVITIES COSTS
Sports Participation
Social Inclusion
Health & Wellbeing
5.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
External costs in performing activities |
Social
Inclusion
£
42,795
39,807
82,602 |
Health &
Wellbeing
£
36,234
10,652
46,886
Direct
Costs (see
note 5)
£
383,380
69,439
32,147
484,966 |
2024
£
651
2024
Total
activities
£
386,778
116,709
503,487
Support
costs (see
note 6)
£
19,578
4,986
1,819
26,383
2024
£
304,392
180,574
484,966 |
2023
£
195
2023
Total
activities
£
278,033
210,389 |
|
|
|
|
488,422 |
|
|
|
|
Totals
£
402,958
74,425
33,966 |
|
|
|
|
511,349 |
|
|
|
|
2023
£
253,647
209,140 |
|
|
|
|
462,787 |
continued...
-15-
YORK CITY FOOTBALL CLUB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
6. SUPPORT COSTS
SUPPORT COSTS |
|
|
Sports Participation
Social Inclusion
Health & Wellbeing |
Support
Governance
costs
costs
£
£
11,114
8,464
2,830
2,156
1,032
787
14,976
11,407 |
Totals
£
19,578
4,986
1,819 |
|
|
26,383 |
ActivityBasis of allocation
Support costsAllocated to activity in proportion to direct staff costs
Governance costsAllocated to activity in proportion to direct staff costs
Independent examination
Independent examination fees for the year are £2,960 (2023: £2,820).
Support costs, included in the above, are as follows:
Support costs
Support costs |
|
|
|
|
|
|
|
|
|
2024 |
2023 |
|
Sports |
Social |
Health & |
Total |
Total |
|
Participation |
Inclusion |
Wellbeing |
activities |
activities |
|
£ |
£ |
£ |
£ |
£ |
Wages and salaries |
3,630 |
924 |
337 |
4,891 |
4,517 |
Rent and storage |
3,338 |
850 |
310 |
4,498 |
3,729 |
General office costs |
4,146 |
1,056 |
385 |
5,587 |
5,102 |
|
11,114 |
2,830 |
1,032 |
14,976 |
13,348 |
Governance costs |
|
|
|
|
|
|
|
|
|
2024 |
2023 |
|
Sports |
Social |
Health & |
Total |
Total |
|
Participation |
Inclusion |
Wellbeing |
activities |
activities |
|
£ |
£ |
£ |
£ |
£ |
Accountancy & |
|
|
|
|
|
bookkeeping |
6,674 |
1,700 |
621 |
8,995 |
8,130 |
Legal, professional & |
|
|
|
|
|
insurance |
1,790 |
456 |
166 |
2,412 |
2,786 |
|
8,464 |
2,156 |
787 |
11,407 |
10,916 |
continued...
-16-
YORK CITY FOOTBALL CLUB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2024norforthe year
ended 30 June 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.
8. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Full time employees
Sessional coaches etc
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2023
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Sports Participation
244,210
Social Inclusion
19,914
Health & Wellbeing
13,909
Investment income
195
Total
278,228
EXPENDITURE ON
Charitable activities
Sports Participation
261,642
Social Inclusion
2,218
Health & Wellbeing
12,802
Total
276,662 |
|
2024
£
287,619
16,531
5,133
309,283
2024
11
3
14
Restricted
funds
£
121,920
75,289
13,180
-
210,389
121,920
75,289
13,180
210,389 |
|
2023
£
243,314
10,932
3,918
258,164
2023
9
6
15
Total
funds
£
366,130
95,203
27,089
195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
488,617 |
|
|
|
|
383,562
77,507
25,982 |
|
|
|
|
487,051 |
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2023
continued...
-17-
YORK CITY FOOTBALL CLUB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2023 - continued
Unrestricted
funds
£
NET INCOME
1,566
RECONCILIATION OF FUNDS
Total funds brought forward
42,261
TOTAL FUNDS CARRIED FORWARD
43,827
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income |
Restricted
funds
£
-
-
-
2024
£
4,321
-
4,321
2024
£
5,323
2,073
1,151
6,049
14,596 |
|
Total
funds
£
1,566
42,261 |
|
|
|
43,827 |
|
|
2023
£
1,543
4,148
5,691
2023
£
2,955
3,563
973
11,630
19,121 |
|
Includedinaccrualsanddeferredincomeis £Nil(2023:£3,500)of fundingreceivedinadvanceof the delivery
of the related project or service.
12. MOVEMENT IN FUNDS
MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1.7.23 |
in funds |
30.6.24 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
38,827 |
(2,211) |
36,616 |
Regional Talent Centre - designated fund |
5,000 |
(5,000) |
- |
|
43,827 |
(7,211) |
36,616 |
TOTAL FUNDS |
43,827 |
(7,211) |
36,616 |
continued...
-18-
YORK CITY FOOTBALL CLUB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Regional Talent Centre - designated fund
Restricted funds
Sports Participation
Social Inclusion
Health & Wellbeing
TOTAL FUNDS |
Incoming
resources
£
387,429
-
387,429
66,250
39,807
10,652
116,709
504,138 |
Resources
Movement
expended
in funds
£
£
(389,640)
(2,211)
(5,000)
(5,000)
(394,640)
(7,211)
(66,250)
-
(39,807)
-
(10,652)
-
(116,709)
-
(511,349)
(7,211) |
|
|
|
Comparatives for movement in funds
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.7.22 |
in funds |
funds |
30.6.23 |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
42,261 |
1,566 |
(5,000) |
38,827 |
Regional Talent Centre - designated fund |
- |
- |
5,000 |
5,000 |
|
42,261 |
1,566 |
- |
43,827 |
TOTAL FUNDS |
42,261 |
1,566 |
- |
43,827 |
continued...
-19-
YORK CITY FOOTBALL CLUB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Sports Participation
Social Inclusion
Health & Wellbeing
TOTAL FUNDS |
Incoming
resources
£
278,228
121,920
75,289
13,180
210,389
488,617 |
Resources
Movement
expended
in funds
£
£
(276,662)
1,566
(121,920)
-
(75,289)
-
(13,180)
-
(210,389)
-
(487,051)
1,566 |
|
|
|
Grant funding has been received in respect of the following restricted purposes during the year:
Sports Participation - funding received to encourage general sports participation.
Social Inclusion - funding received to support programmes to widen access to sport for disadvantaged groups.
Health&Wellbeing-fundingreceivedtosupportprogrammescentredonthehealthbenefitsgained from
participation in spor t.
Designated fund
Funds were designated in the prior year to support the delivery of the girls Regional Talent Centre in 23/24.
13. RELATED PARTY DISCLOSURES
The Foundationis closelyrelatedto York City FootballClub.The Foundationhas use of the name and badge of
York City Football Club and occupies part of the York Community Stadium.
-20-