``` 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 2025 ``` ## **`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 2025`** |||**`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`|`21`| ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 ``` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with thefinancialstatementsofthecharityfortheyearended30June2025.Thetrusteeshaveadoptedtheprovisions of AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Vision`** ``` YorkCityFootballClubFoundationwas establishedin 2014withthe vision:"to supportthe localcommunityby providing sportandphysicalactivity;educational;socialandhealthylifestyleopportunities,andensuringthatour contributions have a realistic opportunity of making a positive impact". ``` ``` ThefundamentalaimoftheFoundationhasbeentofindwaysofsupportingthelocalcommunityby providing opportunitiesfor physicalactivities,socialelements and enjoyment,as well as creatinga pathwayfor development, talent and competition for all ages. ``` ## **`Origins`** ``` In 2007 York City in the Community(YCITC) was createdby York City FootballClub with a small team of coaches employed toembracedeliveringfootballinthecommunity,predominantlyworkingwithinschoolsintheYorkarea.The Football Club supportfor the programmehas always been vital, althoughover the years the programmehas grown immensely and developed a much wider focus by achieving charitable status as York City FC Foundation. ``` ## **`Impact`** ``` The impactfulwork of the Foundationis aimed at improvingcommunitycohesion;reducingsocial isolationand loneliness; addressingholidayhungerandyoungpeople'shealth;promotingsocialprescribingmodelsandpartnershipsworking in numerous guises with national, regional and local organisations and services across the City. ``` ``` TheFoundationalsoworkshardtousetheirstandinginthecommunitytoraiseawarenessforrelevant national campaignsincludinginrecentyears:SuicideSaferYork,CancerChampionsandthehomelesscommunityandservices 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. ``` ``` - RepresentedonYorkYouthPartnership,Cityof YorkCouncilFacilitiesSteeringGroup,NorthRidingCountyFA Football FacilitiesSteeringGroup,Women&GirlsFASteeringGroup,YorkandNorthYorkshireCombinedAuthority Movement, Activity&SportSteeringGroup,York&NorthYorkshireWorkforceFrameworkWorkingGroup,YO1Sports Awards working group and other relevant partnerships. ``` ## **`Programmes`** ``` TheFoundationoffersa broadrangeof programmesprovidingopportunities,developingpathwaysandusingthe 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 2025 ``` ## **`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,privateand voluntary sector. ``` ``` The Scheme's main focus has remainedfootball,with other sports deliveredthroughthe medium of multi-skillssessions to highlight transferrable sporting skills, but more prominence has been put on inclusion within sport. ``` ``` ThetrusteesconsiderthattheyhavecompliedwiththeirdutyunderSection17(5)oftheCharitiesAct2011tohave 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 2025 ``` ## **`ACHIEVEMENTS AND PERFORMANCE`** ``` 2024 / 25 proved to be another really successful year. ``` ``` OnceagainduringtheyeartherewereseveralstaffchangesbuttheworkforwhichtheFoundationwascreated,to help tacklesomeofthekeysocialissuessuchasloneliness,mentalhealth,lackofphysicalactivityandspecifichealth issues continued at pace. ``` ``` We were honoured to be one of the chosen charities for the 2024/25 Lord Mayor term of office. ``` ## **`Sports Participation`** ``` YorkCityLadiesinTierFourWomensNationalLeagueDivisionOneNorth,continuestobeakeydriverforour women andgirlsprogramme.Whilsttheseasonwasastruggle,theteamsurvivedanddespitechangesinmanagement for variousreasons,themoodwithintheclubisoneofgreatpositivity.EmilySenior,PaulaCrowtherandteam managed throughoutthemajorityoftheseasonmakingapositiveimpressionontheclubculture.Workingalongside Steph Turnball as Sporting Director, in an oversight role so the outlook is good to continue to expand our female initiatives. ``` ``` ThegirlsPathway,TalentAcademyandEmergingTalentClubwhichultimatelyleadstotheLadiesfirstteam have continuedto performwellwithrecordnumbers.The boy'sPathwayis alsogoingwell.The endof season presentation evenings for the Boys, Girls and Disability Pathways had over 1800 families attending. ``` ``` The BusinessBelles networkinggroupcelebratedit's first year of monthlyevents in March 25 and continuesto thrive with regularmeetingsandincreasingattendancesleadingtoopportunitiestopromotetheFoundationandYorkCity Ladies across the business community. ``` ``` Activitieswithschoolscontinuedtogrow.Ourschoolsworknowhasus connectedinsomeformorotherwithover 100 schoolsfrom upskillingof teachers,numeracy,literacyand PSHE interventions,Socialactionprojects,deliveryof inschool orextra-curricularclubsandanewinitiativedevelopingresilienceforgirlsthroughclassroomandphysicalactivity, Be Your Personal Best. ``` ## **`Health & Wellbeing and Social Inclusion`** ``` OurlongstandingregularWalkingFootballforbothmenandwomencontinuetobeverypopular,asdoesthe Memories twice weekly groups for those seeking fellowship and companionship. ``` ``` Weareindebtedtomanyinterestingspeakersfromtheclubmanagementandstaffandotherswhocomealong to entertain the Sporting Memories members. ``` ``` Other regularsessionsincludethe weekly Boot The Blues activity;Man v Fat league aimed at reducingwaistlinesizes; and regularCity Kickaboutsessions weekly and duringholidaysin local parks across the city aimed at engagingyoung people in positivediversionaryactivity,andprovidingtheopportunityforaccessiblephysicalactivity;monthlyTackleItmens peer support sessions and various other "one-off" events took place in the year. ``` ``` Thisseasonsawthelaunchorourdisabilityprogramme,withJuniorandAdultpandisabilityteamsplayingin regional AbilityCountsleaguesandanadultCerebralPalsyteamcompetingintheNationalCPLeague.TheCPteam also representedintheNationalCPCupandfinishedtheseasonasrunnersupinboththeleagueandcup.Programme lead, JoeMcKechniewasalsorecognisedforhisworkdevelopingdisabilityfootballinYork,beinghonouredwiththe much deserved Diversity and Inclusion Award at the YO1 Radio Sports Awards. ``` ``` -3- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 ``` ``` Anewinitiativewasintroducedtosupportthefreecyclemovementofsportsclothingandequipmentforyoung people, "ChangingRooms".With20organisedpointswherepeoplecandonateuseditems,thataresorted,washed and redistributed to families who need it to ensure that these items are not a barrier to them accessing any activity. ``` ``` Anovernightsleepoutinitiative,York CharitySleepout,involvingnumerousvolunteersincludingPaula Staintonand other staffsleepingoutsideattheLNERstadiumraisednearly£20,000ofvaluablefundsfortheFoundation,and3 other charities. ``` ## **`Sponsors and Funders`** ``` Throughoutthe year we have been incrediblyfortunateto have attracteda largenumberof sponsorsand fundersfor our events,YorkCityLadiesandvariousinitiatives.We aretrulygratefulforthese.Withoutthem,theFoundationcould not operate. THANK YOU! ``` ## **`Paula and the staff`** ``` We are fortunateto have a reallystrongteam managedby PaulaStaintonwith the seniorleadershipteam comprising Phil Smith, Amy Tyro, Steph Turnbull and Steph Aksel and the Trustees offer their grateful thanks for another excellent year. ``` ## **`FINANCIAL REVIEW`** ``` The Foundation achieved an overall surplus of £10,088 in the year, from a deficit of £7,211 in 23/24. ``` ``` Unrestrictedfundsat the yearend stoodat £46,704,comparedwith£36,616in 23/24.The Foundationhadno 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 City ofYorkCouncil;incomereceivedforthedeliveryoftheschoolsandholidaycourseprogrammes;andsubs, sponsorship and donations received. ``` ``` Itisthepolicyofthecharitythatunrestrictedfundswhichhavenotbeendesignatedforaspecificuseshould be maintainedat a level equivalentto three month's expenditure.The trustees considersthat reserves at this level will ensure that,intheeventofasignificantdropinfunding,theywillbeabletocontinuethecharity'scurrentactivities while consideration is given to ways in which additional funds may be raised. ``` ``` Reservescontinuetobebelowthistargetlevel,andthetrusteescontinuetofocusonstrategiestobuildfunds, 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 2025 ``` ## **`STRATEGIC DIRECTION`** ``` The Foundationhas continuedto work towardsour simplifiedvision : "Making a Positive Difference"workinghard to meet andexceedStrategicAimstosupportthewidercommunityneedsofthoseaffectedbytheongoingcostofliving crisis, reduced physical health and poor mental wellbeing. ``` ``` Keyaimsfor2024/25havebeentopositiontheFoundationtohighlightthecharitablestatusfurtherwithinthe wider communityandcorporateenvironmentinYork,andtorecognisethepoweroftheprogrammesbeing"More Than Football"in orderto attractfurthersupportandpartnerships.Engagementin the localandnationalcommunities around the female game, continueto increaseand are relevantto the ongoingdirectionof the Female programmeswithin Sports Participationand future aims are to match the FA Strategyfor Women and Girls by buildingand protectingthe uniqueness oftheWomen'sGame,andraisingaspirationsandopportunitiesforwomenandgirlstoplay,andengageoffthe pitch too. ``` ``` ContinuedpartnershipwithPortakabinandPersimmonHomes,withtheadditionofnewpartnersYorwealth,have been crucialto the sustainabilityanddevelopmentof new wellbeingprogrammesforyoungpeopleandadults,and re-building partnerships within the Youth sector. ``` ``` Supportviaselectionforchosencharityoftheyear,fundraisingandsupportingtheCharitySleepouthasbeen realised fromanumberofsourcesincludingTheLordMayorofYorkandCivicParty;YorkProfessionalsNetwork;Ison Harrison Solicitors; YO1 Radio; and York City Supporters Trust. ``` ``` ThecontinuedsuccessoftheFoundationovertheyearisevident.TheanticipatedreviewofImpactandStrategy is underwayin2025/26,toensurethatgovernanceandqualityassuranceremainattheforefrontaspartofthe ongoing growth process and the values continue to be embedded of Positivity, Pride, Passion, Respect and Value. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityis constitutedasa companylimitedbyguaranteeandis thereforegovernedbyitsmemorandumand articles of association. The company was incorporated on 18 July 2014 and obtained charitable status on 24 November 2014. ``` ## **`Relationship with York City Football Club`** ``` TheFoundationiscloselyrelatedtoYorkCityFootballClub.TheFoundationhasuseofthenameandbadgeofYork City FootballClubandoccupiespartoftheYorkCommunityStadium.TheTrusteesaregratefulforthesupportthe 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 2025`** ## **`Trustees`** ``` J P Mcghee M I Coulson M A Jackson E L Whiting D J Smith (appointed 29/9/2025) ``` ``` Noneofthetrusteeshasanybeneficialinterestinthecompany.Allofthetrusteesaremembersofthecompany 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 ``` ``` Thisreporthasbeenpreparedin accordancewiththe specialprovisionsof Part15 of the CompaniesAct 2006relating to small companies. ``` ``` Approved by order of the board of trustees on 24 February 2026 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 2025 ``` ``` Thetrustees(whoarealsothedirectorsofYorkCityFootballClubFoundationforthepurposesofcompanylaw) are responsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicablelaw and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ``` ``` Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyear.Underthatlaw,the trustees haveelectedtopreparethefinancialstatementsinaccordancewithUnitedKingdomGenerallyAccepted Accounting Practice (United Kingdom Accounting Standards and applicable law). ``` ``` Undercompanylaw the trusteesmust notapprovethe financialstatementsunlesstheyare satisfiedthattheygive a true and fair view of the state of affairsof the charitablecompanyand of the incomingresourcesand applicationof resources, includingthe incomeand expenditure,of the charitablecompanyfor thatperiod.In preparingthosefinancial statements, the trustees are required to ``` - `select suitable accounting policies and then apply them consistently;` - `observe the methods and principles in the Charities 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.` ``` Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatany time thefinancialpositionof thecharitablecompanyandtoenablethemtoensurethatthefinancialstatementscomply with theCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsofthecharitablecompanyandhence 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 2025. ``` ## **`Responsibilities and basis of report`** ``` As thecharity'strusteesof theCompany(andalsoitsdirectorsforthepurposesof companylaw)youareresponsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act andareeligibleforindependentexamination,I reportinrespectofmyexaminationofyourcharity'saccountsas carried outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Since your charity'sgross income exceeded £250,000your examiner must be a member of a listed body.I can confirm that I am qualifiedto undertakethe examinationbecauseI am a member of the Instituteof CharteredAccountantsin 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)).` ``` I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention 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 ``` ``` 24 February 2026 ``` ``` -8- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025`** |`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`3`
`Sports Participation`
**`386,977`**
`Social Inclusion`
**`86,736`**
`Health & Wellbeing`
**`51,573`**
`Investment income`
`2`
**`266`**
**`Total`**
**`525,552`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`4`
`Sports Participation`
**`376,735`**
`Social Inclusion`
**`88,181`**
`Health & Wellbeing`
**`36,871`**
**`Total`**
**`501,787`**
**`NET INCOME/(EXPENDITURE)`**
**`23,765`**
**`Transfers between funds`**
`12`
**`(13,677)`**
**`Net movement in funds`**
**`10,088`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`36,616`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`46,704`**|`Restricted`
`funds`
`£`
**`58,765`**
**`2,200`**
**`3,970`**
**`-`**
**`64,935`**
**`58,765`**
**`9,709`**
**`10,138`**
**`78,612`**
**`(13,677)`**
**`13,677`**
**`-`**
**`-`**
**`-`**|**`2025`**
**`Total`**
**`funds`**
**`£`**
**`445,742`**
**`88,936`**
**`55,543`**
**`266`**
**`590,487`**
**`435,500`**
**`97,890`**
**`47,009`**
**`580,399`**
**`10,088`**
**`-`**
**`10,088`**
**`36,616`**
**`46,704`**|`2024`
`Total`
`funds`
`£`
`373,999`
`82,602`
`46,886`
`651`
`504,138`
`402,958`
`74,425`
`33,966`
`511,349`
`(7,211)`
`-`
`(7,211)`
`43,827`
`36,616`| |---|---|---|---| ``` The notes form part of these financial statements ``` ``` -9- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ## **`BALANCE SHEET`** ## **`30 JUNE 2025`** |`Unrestricted`
`Restricted`
`funds`
`funds`
`Notes`
`£`
`£`
**`CURRENT ASSETS`**
`Debtors`
`10`
**`18,050`**
**`-`**
`Cash at bank`
**`42,148`**
**`-`**
**`60,198`**
**`-`**
**`CREDITORS`**
`Amounts falling due within one year`
`11`
**`(13,494)`**
**`-`**
**`NET CURRENT ASSETS`**
**`46,704`**
**`-`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`46,704`**
**`-`**
**`NET ASSETS`**
**`46,704`**
**`-`**
**`FUNDS`**
`12`
`Unrestricted funds`
**`TOTAL FUNDS`**|**`2025`**
**`Total`**
**`funds`**
**`£`**
**`18,050`**
**`42,148`**
**`60,198`**
**`(13,494)`**
**`46,704`**
**`46,704`**
**`46,704`**
**`46,704`**
**`46,704`**|`2024`
`Total`
`funds`
`£`
`4,321`
`46,891`| |---|---|---| |||`51,212`
`(14,596)`| |||`36,616`| |||`36,616`| |||`36,616`| |||`36,616`| |||`36,616`| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year ended 30 June 2025. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 30 June 2025 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 2025`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies subject to the small companies regime. ``` ``` The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issue on 24 February2026 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 2025`** |`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`**|**`2025`**
**`£`**
**`(5,009)`**
**`(5,009)`**
**`266`**
**`266`**
**`(4,743)`**
**`46,891`**
**`42,148`**|`2024`
`£`
`(11,017)`
`(11,017)`
`651`
`651`
`(10,366)`
`57,257`
`46,891`| |---|---|---| ``` 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 2025`** |**`1.`**
**`RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
**`2025`**
**`£`**
**`Net income/(expenditure) for the reporting period (as per the Statement`**
**`of Financial Activities)`**
**`10,088`**
**`Adjustments for:`**
`Interest received`
**`(266)`**
`(Increase)/decrease in debtors`
**`(13,729)`**
`Decrease in creditors`
**`(1,102)`**
**`Net cash used in operations`**
**`(5,009)`**|`2024`
`£`
`(7,211)`
`(651)`
`1,370`
`(4,525)`| |---|---| ||`(11,017)`| ## **`2.`** ## **`ANALYSIS OF CHANGES IN NET FUNDS`** |`At 1.7.24`
`Cash flow`
**`At`**
`£`
`£`
**`Net cash`**
`Cash at bank and in hand`
**`46,891`**
**`(4,743)`**
**`46,891`**
**`(4,743)`**
**`Total`**
**`46,891`**
**`(4,743)`**|**`30.6.25`**
**`£`**
**`42,148`**| |---|---| ||**`42,148`**| ||**`42,148`**| ``` 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 2025 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies Act 2006. The financial statements have been prepared under the historical cost convention. ``` ``` At the time of approvingthe financialstatements,the trusteeshave a reasonableexpectationthatthe charity has adequateresourcesto continuein operationalexistencefor the foreseeablefuture.Thus the trusteescontinue to adopt the going concern basis of accounting in preparing the financial statements. ``` ## **`Income`** ``` All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is probable that the income will be received and the amount can be measured reliably. ``` ``` A grantthatspecifiesperformanceconditionsis recognisedinincomewhentheperformanceconditionsare met. Whereagrantdoesnotspecifyperformanceconditionsitisrecognisedinincomewhentheproceeds are receivable.Aperformancerelatedgrantreceivedbeforetherecognitioncriteriaaresatisfiedisincluded as deferred income in creditors. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and the amountof the obligationcanbe measuredreliably.Expenditureis accountedforon an accrualsbasisand has beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of resources.SupportandGovernancecostshavebeenapportionedto activitiesin proportionwithdirectstaff costs allocations. ``` ## **`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. ``` ``` Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ## **`Pension costs and other post-retirement benefits`** ``` The charitablecompanyoperatesa definedcontributionpensionscheme.Contributionspayableto the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ``` ``` continued... ``` ``` -14- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025`** |**`2.`**
**`INVESTMENT INCOME`**
`Bank interest received`
**`3.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Sports`
`Participation`
`£`
`Charitable income`
**`386,977`**
`Performance related grants`
**`58,765`**
**`445,742`**
**`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`
`£`
**`86,736`**
**`2,200`**
**`88,936`**|`Health &`
`Wellbeing`
`£`
**`51,573`**
**`3,970`**
**`55,543`**
`Direct`
`Costs (see`
`note 5)`
`£`
**`414,220`**
**`90,584`**
**`43,833`**
**`548,637`**|**`2025`**
**`£`**
**`266`**
**`2025`**
`Total`
`activities`
**`£`**
**`525,286`**
**`64,935`**
**`590,221`**
`Support`
`costs (see`
`note 6)`
`£`
**`21,280`**
**`7,306`**
**`3,176`**
**`31,762`**
**`2025`**
**`£`**
**`344,131`**
**`204,506`**
**`548,637`**|`2024`
`£`
`651`
`2024`
`Total`
`activities`
`£`
**`386,778`**
**`116,709`**| |---|---|---|---|---| |||||**`503,487`**| |||||`Totals`
`£`
**`435,500`**
**`97,890`**
**`47,009`**| |||||**`580,399`**| |||||`2024`
`£`
`304,392`
`180,574`| |||||`484,966`| ``` continued... ``` ``` -15- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025`** ## **`6. SUPPORT COSTS`** |**`SUPPORT COSTS`**|| |---|---| |`Support`
`Governance`
`costs`
`costs`
`£`
`£`
`Sports Participation`
**`16,006`**
**`5,274`**
`Social Inclusion`
**`5,495`**
**`1,811`**
`Health & Wellbeing`
**`2,389`**
**`787`**
**`23,890`**
**`7,872`**
`Activity`
`Basis of allocation`
`Support costs`
`Allocated to activity in proportion to direct staff costs`
`Governance costs`
`Allocated to activity in proportion to direct staff costs`|`Totals`
`£`
**`21,280`**
**`7,306`**
**`3,176`**| ||**`31,762`**| ||| ## **`Independent examination`** ``` Independent examination fees for the year are £3,200 (2024: £2,960). ``` ``` Support costs, included in the above, are as follows: ``` ## **`Support costs`** |**`Support costs`**|||||| |---|---|---|---|---|---| |||||**`2025`**|`2024`| ||`Sports`|`Social`|`Health &`|`Total`|`Total`| ||`Participation`|`Inclusion`|`Wellbeing`|`activities`|`activities`| ||`£`|`£`|`£`|**`£`**|`£`| |`Wages and salaries`|**`3,884`**|**`1,333`**|**`580`**|**`5,797`**|**`4,891`**| |`Rent and storage`|**`3,465`**|**`1,190`**|**`517`**|**`5,172`**|**`4,498`**| |`General office costs`|**`8,657`**|**`2,972`**|**`1,292`**|**`12,921`**|**`5,587`**| ||**`16,006`**|**`5,495`**|**`2,389`**|**`23,890`**|**`14,976`**| |**`Governance costs`**|||||| |||||**`2025`**|`2024`| ||`Sports`|`Social`|`Health &`|`Total`|`Total`| ||`Participation`|`Inclusion`|`Wellbeing`|`activities`|`activities`| ||`£`|`£`|`£`|**`£`**|`£`| |`Accountancy & bookkeeping`|**`5,274`**|**`1,811`**|**`787`**|**`7,872`**|**`8,995`**| |`Legal, professional &`|||||| |`insurance`|**`-`**|**`-`**|**`-`**|**`-`**|**`2,412`**| ||**`5,274`**|**`1,811`**|**`787`**|**`7,872`**|**`11,407`**| ``` continued... ``` ``` -16- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 ``` ## **`7. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2025norfortheyear ended 30 June 2024. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024. ``` ## **`8. STAFF COSTS`** |`Wages and salaries`
`Social security costs`
`Other pension costs`|**`2025`**
**`£`**
**`324,059`**
**`19,989`**
**`5,880`**
**`349,928`**|`2024`
`£`
`287,619`
`16,531`
`5,133`| |---|---|---| |||`309,283`| ``` 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 - 2024`**
`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`Sports Participation`
`307,749`
`Social Inclusion`
`42,795`
`Health & Wellbeing`
`36,234`
`Investment income`
`651`
**`Total`**
`387,429`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Sports Participation`
`342,958`
`Social Inclusion`
`28,368`
`Health & Wellbeing`
`23,314`|**`2025`**
**`12`**
**`3`**
**`15`**
`Restricted`
`funds`
`£`
`66,250`
`39,807`
`10,652`
`-`
`116,709`
`60,000`
`46,057`
`10,652`|`2024`
`11`
`3`
`14`
`Total`
`funds`
`£`
`373,999`
`82,602`
`46,886`
`651`
`504,138`
`402,958`
`74,425`
`33,966`| |---|---|---| ## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2024`** ``` continued... ``` ``` -17- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025`** |**`9.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2024 - continued`**
`Unrestricted`
`funds`
`£`
**`Total`**
`394,640`
**`NET INCOME/(EXPENDITURE)`**
`(7,211)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`43,827`
**`TOTAL FUNDS CARRIED FORWARD`**
`36,616`
**`10.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Accruals and deferred income`|`Restricted`
`funds`
`£`
`116,709`
`-`
`-`
`-`
**`2025`**
**`£`**
**`18,050`**
**`2025`**
**`£`**
**`1,941`**
**`3,901`**
**`1,320`**
**`6,332`**
**`13,494`**|`Total`
`funds`
`£`
`511,349`
`(7,211)`
`43,827`
`36,616`
`2024`
`£`
`4,321`
`2024`
`£`
`5,323`
`2,073`
`1,151`
`6,049`
`14,596`| |---|---|---| ``` continued... ``` ``` -18- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025`** ## **`12. MOVEMENT IN FUNDS`** |**`MOVEMENT IN FUNDS`**||||| |---|---|---|---|---| |||`Net`|`Transfers`|| |||`movement`|`between`|`At`| |`At 1.7.24`||`in funds`|`funds`|`30.6.25`| ||`£`|`£`|`£`|`£`| |**`Unrestricted funds`**||||| |`General fund`|**`36,616`**|**`23,765`**|**`(13,677)`**|**`46,704`**| |**`Restricted funds`**||||| |`Social Inclusion`|**`-`**|**`(7,509)`**|**`7,509`**|**`-`**| |`Health & Wellbeing`|**`-`**|**`(6,168)`**|**`6,168`**|**`-`**| ||**`-`**|**`(13,677)`**|**`13,677`**|**`-`**| |**`TOTAL FUNDS`**|**`36,616`**|**`10,088`**|**`-`**|**`46,704`**| |`Net movement in funds, included in the above are as follows:`||||| |||`Incoming`|`Resources`|`Movement`| |||`resources`|`expended`|`in funds`| |||`£`|`£`|`£`| |**`Unrestricted funds`**||||| |`General fund`||**`525,552`**|**`(501,787)`**|**`23,765`**| |**`Restricted funds`**||||| |`Sports Participation`||**`58,765`**|**`(58,765)`**|**`-`**| |`Social Inclusion`||**`2,200`**|**`(9,709)`**|**`(7,509)`**| |`Health & Wellbeing`||**`3,970`**|**`(10,138)`**|**`(6,168)`**| |||**`64,935`**|**`(78,612)`**|**`(13,677)`**| |**`TOTAL FUNDS`**||**`590,487`**|**`(580,399)`**|**`10,088`**| |**`Comparatives for 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... ``` ``` -19- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 ``` ## **`12. MOVEMENT IN FUNDS - continued`** ``` Comparative 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)`| |---|---|---| ``` 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. ``` ## **`Transfers between funds`** ``` TransfersbetweenfundsfromunrestrictedfundstotheSocialInclusionandHealth& Wellbeingfundsreflect the funding of expenditure that exceeded restricted income received in the year. ``` ``` continued... ``` ``` -20- ``` ``` YORK CITY FOOTBALL CLUB FOUNDATION ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 ``` ## **`13. RELATED PARTY DISCLOSURES`** ``` TheFoundationiscloselyrelatedtoYorkCityFootballClub.TheFoundationhasuseofthenameandbadge of York City Football Club and occupies part of the York Community Stadium. ``` ``` -21- ```