```
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-
```