Registered number: 09152373 Charity number: 1159381 COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limlted by Guarantee) CONTENTS Page Reference and Administrative Detalls of the Charitable Company, Its Trustees and Advisers Trustees. Report Indepèndenl Auditors, Report on the Flnan¢ial StalemÈnts Consolldated Statement of Flnanclal Activities 7-11 12 Consolidated Balance Shèet 13-14 Charitable Company Balance Sheet Consolldated Statement of Cash Flows J5-16 17 Notes to the Financial Statements 18-36
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Llmited by Guarantee) REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025 Trustees Robert Cowling Hayley Bannister (appointed 16 November 2024) Richard Hunt (appointed 1 October 2024) David Murthwaite (appointed 1 October 20241 Linda Gaine Anne Turrell Dimtri Frederick Halaiko (resigned 1 September 20241 Company registered number 09152373 Charity registered number 1159.881 Registered offl¢e PO Box C05 OLX, Jobserve Community Stadium United Way, Mil& End Colchester Essex C04 SUP Company secretary Helen Haworth Website www.cu-fc.corn/cucf Independent audltors Sumer Auditco Limited Stalulory Auditor Fi12roy House Crown Street Ipswi¢h Suffolk IPI 3LG P3ge 7
COLCHESTER UNITED COMMUNITY FOUNDATION IA Company Llmlted by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Trustees present their annual report together with the audited financial statements of the Group and Charitsble Company for the year 1 July 2024 10 30 June 2025. The Annual Report serves the purposes of both a Trustees, report and a dire¢tors' report under company law. The Trustees confirrn that the Annual Report and financial statements of the charltable company comply with the current stalulory requirements, the requirements of the charitable r.ompany's governing document and the provisions of the Statement of Recommendéd Practice (SORPI applicable lo charities preparing their accounts in aGcordance with the Financial Reportirsg Standard applicable in the UK and Republic of Ireland IFRS102) (effective 1 January 2019). Since the group and Ihe Charilable Company qualify as small under section 383 of the Companies Act 2006. the Group Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activlties a. Policies and objectives The principal object of the Group is to provide community participation in healthy recreation by providing prograrnmes for the playing of associalion football and other sports capable of improving health. During the year when planning Ihe activities of the Group, the Trustees have read and paid regard to the Charity Commission's guidance on public bep.efil in accordanco with section 17 of the Charities Act 2011. b. Main activitles undertaken to further the Charitable Company's purposes for the public benefit The Group provides high quality sports and education programmes to children, young people and 8dults from across the Ioc81 region. The Group positions ilsell to provide ils programmes to people ol all ages. hievements and performan¢e . Key performance indicators The Group generated a surplus for the financial year of £44,990 (2024.. £51,591>. The reserves held at the end of this financial year are £804,520 (2024: £759,530), ofwhich £Ni' {2024. £147,136. negative funds ) are re51ricled. Page 2
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limited by Guarantee} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Achievements and perfomiance Icontlnued> b. Review of actlvitios We are delighted to report that 2024125 financial year has seen our highest ever revenue generated, number of participates and delivery hours engaged in our provision. This is huge credit lo the skills and experlise of our slaff, volunteers and Iruslees who are encouraging more people Ihan ever befo to irnproiie their lives through sport. health, and education. We are now uniquely placeo to tackle some of the key issues that our oommunity is facin9, alongside cornbating broader societal challenges, and supporting local and nalional agendas. Throu9h the engagement of over 10,000 indiviauals each week, we positively impact our community by providing opportunities for people lo become the best version of Ihemselves. Ongoing partnership developNient is key to our slrategy and together we will inspire, enrich, and unite our Gommunilies. Adopting Our 'EnriGh our communilies" strate9y and upgrading our approach for Ihe limes we afe in, and the future we want to build is crucial. We believe sport and physical activity has a huge role to play in improving physical and mental health for all, supporting the economy, reconnecting communities, and building a stronger society for all. We are always there for our comrnlsnily but more importantly. we have been there for our communities thal need us mosl. Moving forwards, we will er15ure we contine to make a differew)ce whether that is to individuals, groups oi the communily. The support of many partnei organisations has enabled us lo be successful in establishing our programmes at the heart of the COTnmunilies whilst addressing fnenlal health, physical health, loneliness, and isolation in ovr community. I hope you find our financial statements provide a clear insight inLo Colchester United Community Foundalion and ils Subsidiary, financial position. We are provd of the work we undertake and achievements, and look forward to ensuring another year of development. manageable growth and success ahead in 2026. Financial revlew a. Golng concern After making appropriate enouiries, the Trustees have a reasonable expectation thal the Group and Charitable Company have adequate resources lo meet its liabililies as they fall due and lo conlinLte in operational existence foi the foreseeable future, being al leasl 12 months from Ihe date of approval of these financial statements. For this reason, they continue to adopt the going concern basis in preparing Ihe financial statements. Page 3
COLCHESTER UNITED COMMUNITY FOUNDATION IA Company Limlted by Guarantee} TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 b. Reserves poliGy The increase in our restrtcted funds deficit from previous financial years relates lo increased project expenditure, as these project$ are ongoing, and further revenue is expected in Ihe months and years ahead we are forecasting that these will neulralise and bècome break even by the end of this financi81 year. It is the policy of the Group to maintain unrestrided funds, which are free reserves of the Group, al a level which equates to approximately six months unreslrioled expendilvre lo protect against a decline or inlerfuplion of future sources of incDme. Six months being deemed suitable lo enable the activities of tho Charitable Company in respecl of funding allo¢ations, ¢onlinuity in provision of se1¢e and responsibi5ities to staff to be fulfilled. The Group's free reserves al 30 June 2025 was £804,52012024: £906,666). The Truslees review the level of reserves of Ihe Group and Charitable Company in conlexl with the current economic climate lo ensure sufficient reserves are maintained to fLtlfill the Group and Charitable Company's activities on an ongoing basis. Structure, governance and management a. Constitution The Charitable Company is registered as 8 company limited by guarantee. The Charitable Company is constituted under a Memorandum of Association dated 29 July 2014 and is a registered charity, number 1159381. The principa1 objecl of the Charitable Company is lo promote community partieipalion in healthy recreation by providing facililies for the plawng of association football and other sports capable of improving health. b. Methods of appointment or election of Trustees The management of the Group and the Charitable Company is the responsibility of the Trustees who are elected and co-opted under the terms ol the Trust deed. c. Policie5 adopted for the induclion and training of Trustees New Trustees undergo three months, induction. During this time the new Trustee receives inslruclion on their obligalions under charily and company law, the Charity Commissian guidance on public benefits, govemance obligation5, the committee and decision making processes, Ihe business plan and recent financial performance of the Charildble Company. During induction the new Trustee Viiil attend appropriate external training events where these will facilitate thg undertaking of their role alongside an induction checklist and introduction pack. d. Rlsk management The Group and Charitable Company relains a Risk Management Policy where all changes are brought to the attention of the Trustees, and dependent on severily, action plans implemented to address the risk. This policy is reviewed on an annual basis at a board meeting. Page 4
COLCHESTER UNI I ED COMMUNITY FOUNDATION {A Company Limited by Guarantee} TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Plans for future perlods To ensure the Group and Charitable Company continues lo enrich the lives of the people within our communities through high quality, engaging and inspiring sporting provisions. Specifically lo improve. grow and add to existing programmes. Statement of Trustees. responsibillties The Trustees (who are also the directors of Ihe Charitable Company for the Purposes of company law} are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢counling Praclicej. Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are s8tisfied that they give a true and fair view of the slate of affairs of the Group and the Charitable Company and of their incoming resources and application of resources, including their income and expendilure, for that period. In preparing ihese financial slatemenls, the Tiustees are required to.. select suitable accounting policies and then apply them consistently,. observe the methods and principles of the Charities SORP (FRS 102). make judgements and accounting eslimales thal are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any material dep8rtures disclosed and explained in the financial slalements.. prepare the financial slalemer)Is on the going concem basis unless il is inappropriale lo presume thal the Group will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain Ihe GroLSP and the Charitable Company's transactions and disclose witl) reasonable accuracy at any lime the financial position 0% the Group and the Ch2rilable Company and enable them lo ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding ihe assets of the Group and the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and othei irregularities. Dlsclosure of information to audltors Each of the persons who are Trustees al the time when this Trustees, Report is approved has confirmed that= so far 3S thal Trustee is aware, there 15 no relevant 8udil information of which the charitable group's auditors are unaware, and Ihal Trustee has taken all the steps that ought to have been taken as a Trustee in order lo be aware of any relevant audit information and to establish Ihal the ch8rilable group's auditors are aware of that information. Page 5
COLCHESTER UNITED COMMUNITY FOUNDATION (A Cpmpany Limited by Guaranleel TRUSTEES, REPORT (CONTINUED> FOR THE YEAR ENDED 30 JUNE 2025 Auditors During the year, the Truslees appointed Sumer Audilco to the vacant position of the Charitable Companys Auditor. The auditors, Sumer Auditco Limited. have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Accountlng exemptlons In preparing this report, the Truslees have laken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Approved by order of the member he board cf Trustees and signed on their behalf by. Mr R A Cowling Trustee Date: 12 March 2026
COLCHESTER UNITEO COMMUNITY FOUNDATION (A Company Limlted by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF COLCHESTER UNITED COMMUNITY FOUNDATION Opinion We have audited the financial statements of Col¢hestef United Community Foundation {the 'parenl charilable compariy.) and ils subsidiary (the 'group'l for the year ended 30 June 2025 which comprise the Consolidaled Slaternerit of Financial Aclivilies, the Consolidated Balarice Sheet, the Charitable Company Balance Sheel, the Consolidated Slalemenl of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in Iheir preparation is applicable18w and Untted Kingdom Accounting Standards. including Financial Reporting Slandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {Uniled Kingdom Generally Accepted Accounting Praclice). In our opinion the financial statements- give a true and fair view of the stale of the Group's and of the parent charilable compantys affairs as a130 June 2025 and of the Group's incoming resources and application of resources, including ils income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordan¢e with the requirements of the Companies Act 2006 and the Charities Ac12011. Basis for opinion We conducted our 8udil in accordance with International Standards on Auditing IUKI (ISAS IUK)} and applicable law. Our responsibilities under those standards are further described in Ihe Auditors, resporjsibilities for the audit of the financial statements seclion of our report. We are independent of the Group in accordance with the ethical requirements Ihal are relevanl to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Elhical Standard, and we have fulfilled our other ethical responsibilities in accordance with these iequiremenls. We believe that the audFI evidence we have obtained is sufficient and appropriate lo provide a basis for our opiniortr. Coneluslons relating to going con¢ern In audiling the financial statements, we have concluded that the Trustees, use of the going concern basis of accountin9 in the preparation of the financial statements is appropriale. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, mdy casl Signliant doubl on the Group's or the parent Gharitable company's ability to continue as a going concern for a period of al least tvielve months from when the financial slalemenls are aulhorised lor issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this reporl. Page 7
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Llmlted by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF COLCHESTER UNITED COMMUNITY FOUNDATION (CONTINUED) Other Inlormalion The other information CDmprises the information included in the Annual Report other than the financial stalemenls and our Auditors, Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial stslements does not cover the other information and, excepl lo the exlenl olheFwise expliGitly stated in our report, we do not express any form of assurance concltjsion Ihereon. Our responsibility is to read Ihe other information and. in doing so, consider whether the olher information is materially inftop.sistenl with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misslated. If we identify such maierial inconsistencies or apparent material misst21emer)ts. we are required lo determine whether this gives rise lo a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Other matters - prior year financial statemvnts unaudited The company was not required lo have a statulory audit for the year ended 30 June 2024 as it was entitled lo exemption by the provision of the Companies Act 2006 relatn9 to the audil of financial statements by virtue of Seclion 477 and no member or m&mbers requested an audit Pufsuanl to Section 476 of the Act. Accordingly, the corresponding figures for the year ended 30 June 2024 are unaudited. Opinlon on cther matters prescrlbed by the Companies Act 2006 In our opinion. based on the work undertaken in Ihe course of the. audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial slatemenls. the Trustees. Report has been prepared in accordance with applicable legal requirements. Matters on which we are roqulred to report by exceptSon In the light of our knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misstatements in the Trustee5' Reporl. We have nolhiny to report in Tespect of the following matters in relation lo which Cornpanies Act 2006 requires us to report lo you il, in our opinion.. the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us,, or the parent charitable company financial slatements are not in agreemenl with the accountir¢g records and returns,. or certain disclosures ol Trustees. remuneration specified by law are not made,. or we have nol received all the information and explanalions we require for our audit., or the Trustees werè not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemplions in preparing the Trustees, Report arid from Ihe requirement lo prepare a Slrategic Report. Page 8
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limllèd by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF COLCHESTER UNITED COMMUNITY FOUNDATION {CONTINUEDI Responsibilitie5 01 trustees As explained more fully in the Trustees, Responsibililies Statement, the Trustees (who are also the directors of Ihe charitable company for the purposes of company lawl are responsibl& for the preparation ot the financial statements and for being sa115fied Ihal they give a true and fair view, and fDr such internal control as the Truslees determine is necessary to enable (he preparation of financial slalements that are free from material misstatement, whetlier due lo fraud or error. In preparing the finaheial slalements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going wncern basis of accounting unless the Trustees either intend to liquidate the Group or the parenl charitable company or to cease operations. or have no realistic alternalive bul to do so. Page 9
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Llmited by Guarantee} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF COLCHESTER UNITED COMMUNITY FOUNDATION (CONTINUED) Auditors. responslbilities for the audlt of the finan¢lal statements OLtr objectives are lo obtain reasonable assurance about whelher the financial slalemerils as a whole are free from material misslatemenl, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level ol assuran. but Is not a guararslee that an audit conducted in accord2nce wilh ISAS IUKI will always delecl a maleri81 misslatemenl when il exists. Misstatements can arise from fraud or error and are considered material if. individually or in Ihe aggregale. they could re8sonably be expected lo influence the economic decisions of users taken on the basis ol these financial slalements. Irregularities, including fraud, are instances of non-compliance with laws and Tegulations. We design procedures in line wilh our responsibilities, outlined above, lo delecl material misstatements in respect of irregularities, including fraud. The èxtent to which our procedures are capable of detecting irregularities, including fraud 1$ detailed below. We identtfied areas of laws and regulations that could reasonably be expected to have a malerial effect on the financial statements from our general Commercial and sector experience, through discussion with the trustees (as required by auditing sl8ndards),inspection of the Group and ChaFilable Companys regulatory and le931 correspondence and discussed wilh Ihe trustees the policies and procedures regarding compliance with laws and regulations. We ¢ommunicaled identified laws noncompliance throughout Dur team and remained alert to any indications of noncompliance throughout the audit. The polenlial effect of these laws and regulations on the slalemenls varies considerably. Firstly, the Group and Charitable Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation and taxation legislation and vie assessed the extent of compliance wilh these laws and regulations as part of our procedures on Ihe related financial slatement items. Secondly, Ihe Group and Charitable Company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial slalemenls, for instance throLtgh the imposition of fines or liligalion. We identified tbe following areas as those mosl likely to have such an effect., heallh and safely regulations. employment law and GDPR. Auditing slandards limit the required audit procedures lo identify non-compliance with these laws and regulations to enquiry of the Trustees and other managernenl and inspection of regulatory and legal correspondence. if any. Audit procedures undertakerb in response to the potent181 risks ielating lo irrÈgu13rilies {'hiCh include fraud and non-compliance with laws and regiJlations} comprised of.. enquiries of management and those charged with govemance as to whether the Group and Charilable Company complies with such regulations., enquiries of management and those charged with governance concerning any aGIu81 or potential litigation or claims. inspection of any relevant legal documentation, review of Board minutes, testing the approprialeness of journal entries and Ihe performance of analytical review lo identify any unexpected movements in account balances which may be indicative of fraud. Because ol the inherent limitations of an audit, there is a risk that we will not delecl all irregularities, including those leading to a material misstalemÈnl in the financial slalements or non-compliance with regulation. This risk increases the more that compli3nce with a law or regulation is removed from the events and transactions reflected in the financial slalements, as we will bp. less likely to become aware of instances of non-compliance. The risk is also grealef re9arding irregularities occurring due to fraud rather than error. as fraud involves intentional concealmenl, for9ery. collusion. omission or misrepresenlelion. A further description of our respon5ibililies for the audil of the financial statenients is located on the FiFJancial Reporting Council's website al.. www.frc.or .uk]auditorsres onsibilities. Thiq description forms part of our Audilors, Report Page 10
COLCHESTER UNITED COMMUNITY FOUNDATION IA Company Llmited by Guaranteè) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF COLCHESTER UNITED COMMUNITY FOUNDATION (CONTINUED) Use of our report This report is made solely to the charitable coinpany's Iruslees, as a body, in accordance with Chapter 3 of Part 16 01 the Companies Act 2006, and lo the charilable company's trustees. a5 a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mighl state to the charitsble company's trustees those matters we are required to slate lo them in an Auditors, Report and for no other purpose. To the fullest extenl permitted by law, we do not accept or assume responsibility to anyone other than the charitable eompany and ils members, as a body, for our audit work, for this re.port, Of for Ihe opinions we have formed. ?1 I,, Ii.L John Perry (Senior Statutory Auditor) for and on behalf of Sumer Auditco Limited Senior Slatulory Auditor Fitzroy House Crown Street Ipswich Suffolk IP13LG Date.. Page 11
COLCHESTER UNITED COMMUNITY FOUNDATION IA Company Limlted by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Tolal fvnds 2024 Note Income from: Charitable activities Othef trading activities Investments 704,463 372,056 23,607 341.081 1,045,544 372,056 23.607 960,259 321,982 14,167 Total income 1,100.126 341,081 1,441,207 1,296,408 Expenditure on: Raising funds Charitable activities 351,773 629,871 351,773 1,041,108 312,185 930,678 411,237 Total expenditure 981.644 411,237 1,392,881 1,242,863 Net incomel{expenditure} before taxatlon Taxation 118,482 {3,336) {70,1 $6) 48,326 {3,3361 53,545 11,954) Net incomel{expenditurel after taxation Transfers between funds 115,146 (217,292} (70,156) 217,292 44,990 51,591 17 Net movement in fund5 1102,146) 147,136 44,990 51,591 Reconciliation of funds.. Tolal funds broughl Iofward el movemenl in funds 906,666 (102,1461 {147,136} 147,136 759,530 44,990 707,939 51.591 Total funds carried forward 804,520 804,520 759,530 The Consolidated Statement of Financial Activilies includes all 9aiiis and losses recognised in the year The notes on pages 18 to 36 forffi part of these financial statements. Page 12
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limited by Guarantee) REGISTERED NUMBER: 09152373 CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Note Fixed as5et5 Tangible assets 12 249,080 263,786 249,080 263,786 Current assets Debtors Cash al bank and in hand 14 68,567 652,602 58,219 616,395 721,169 674,614 Current liabilitles Creditors.. amounts falling due within one year 15 (157,8951 (174.372) Net current assets 563,274 500,242 Total assets less current liabilities 812,354 764,028 Provisions for liabilities 17,834) {4.498} Total net assets 804.520 759.530 Charity funds Restricted fsjnds Unreslricled funds 17 17 (147.136) 906.666 804,520 Total funds 804,520 759,530 Page 13
COLCHESTER UNITED COMMUNITY FOUNDATION IA Coinpany Llmlted by Guarantee) CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025 The Charitable Company was entitled lo exernplion from audit under section 477 of the Companies Act 2006. The members have not required the eiility lo obtain an audit for the year in question in accordance wilh section 476 of Ihe Companies Act 2006. However. an audit is required in accordance with section 151 of the Charities Act 2011 The Trustees acknowledge their responsibilities for complying with the requirements of the Act wtlh respect to accounting records and preparation of financial slatemenls. The financial 51alemenls have been prepared in accoTdanGe with the provisions applic8ble to enlilies subjed to Ihe small companies regime. The financial statements wore approved and aulhorised for issue by the Trustees and signea on their beh81f by.. Mr R A Cowling Trustee Date.. 12 March 2026 The noles on pages 18 10 36 form part of these financial statements. Page 14
COLCHESTER UNITED COMMUNITY FOUNDATION {A Company LimitÉd by Guarantee} REGISTERED NUMBER: 09152373 CHARITABLE COMPANY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025 2025 2024 Note Fixed assets Tangible assets InvestmÈnls 12 13 221,903 244.754 221,904 244,755 Current assets Debtors Cash at bank and in hand 14 54,449 639,663 44,220 608.473 694,112 652.693 Current liabilities Credilors.. amounts falling due within one year 15 {145,95n (172,386) Net current assets 548,155 480,307 Total assets less current liabilitle5 770,059 725.062. Total net assets 770,059 725,062 Charity fvnds Restricted funds Unreslricled funds 17 1147,136) 872,198 17 770,059 Total funds 770,059 725,062 Page 15
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limlted by Guaranteel CHARITABLE COMPANY STATEMENT OF FINANCIAL POSITION (CON71NUED) AS AT 30 JUNE 2025 The Charitable Coompany's net movement in funds for the year wa* £44,997 (2024 - £67,876). The Charitable Company was enlilled lo exemption from audil under seclion 477 of the Companies Act 2006. The members have not required the enlily lo obtain an audit for Ihe year in question in accordance with section 476 of the Companies Act 2006. However, an audit is required in accordance with section 151 of Ihe Charities Act 2011 , The Trustees acknowledge their responsibilities for complying WFtlI the requiremenls of the Ac+ with respect to accounting records and preparation of financial statements. Th¢ financlal slalements have been prepared in accordance with the provisions applicable to entities subjecl lo the small companies regime. The financial slalements were appro and aulhorised for issue by the Trustees and si9neo on their behalf by: Mr R A Cowling Trustee Date: 12 March 2026 The notes on pages 18 10 36 form pert of these financial stalemenls. Page. ifi
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Llmited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025 2025 2024 Notes Cash flows from operating activitias Net cash generated in operaling activities 20 101,769 209.292 Cash flows from investing activities Purchase of tangible fixed assets {65,562) (152,520) Net cash used in investing actlvltles 165,562) (152,5201 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 36,207 56,772 616,395 559,623 Cash and cash equivalents at the ènd of the yoar 21 652,602 616.395 The notes on pages 1810 36 form part of these financial statements Page 17
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 General information The Charity Is a company limited b5, guarantee, The member5 of the Company are the Trustees named on page 3. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £10 per member of the Company. A¢counting policies 2.1 Basls of preparation of financial statements The linancial slatements have been prepared in accordance with the Charities SORP {FRS 102) Accounting and Repor1ing by Charities. Slalemenl of Recommended Practice 8pplicable to charilies preparing their accounts in accordance with the Financial Reporting St?ndard applicable in the.UK and Republic of Ireland IFRS 102) (effective 1 JanL*ary 2019}, the Financial Reporting Standard applic8ble in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Colchester United Community Foundation meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historic81 cost or transaction value unless OtheISe slated ITr the relevant accounting policy. The Consolidated Statement of Financial Activities {SOFAI and Consolidated Balance Sheel onsolidate Ihe firkancial statements of the Charilable Company and its subsidiary undertaking. The results of the subsidiary are consolidaled on a line by line basis. The Chari18blo Company has laken advantage of the exemption allowed Linder section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Aclivilies in these financ-ial stateme.nt¢ The functional and presentational currenly of the Group is GBP. 2.2 Basis of consolidatlon The consolidated financial statements present the results of the Charilable Cornpany and its subsidiary {"the Group") as it they form a single entity. Intèrcompany transactions and balances bebNeen group entities are therefore eliminated in lull. The consolidateLI financial slalemenls incorporate the results of business combiDations using both the purchase and merger methods of <accounling_ The a¢quisilion rnelhod of accounting has been used when there was a change in control of the acquiree. In the Balance Sheet, Ihe acquiree's identifiable assets, liabilities and contingent liabilities are irkilially recognised at their fair v21ues at the acquisition dale. The restjlts of acquired operation8 are included in the Consolidated S+atement of Comprehensive Income from Ihe dale on vihich conlrol is obtained. They are deconsolidated from the dale conèrol ceases, The merger melho(i of accounling has been used when the business combination ivas a reconstruclion and there was no change in Ihe ultimate conlrolllng party. The comparatives are reslaled lo show Ihe Group as though the merger has always existed. The parenl Charitable Company is included in the consolidaled financial statements, and is considered to be a qualifying entity undei FRS 102 paragraphs 1.8 10 1.12. The disclosijre exemption from preparirig 8 Separate Parent Company Statement of Cash Flows ha4 been applied. Page 18
COLCHESTER UNITEO COMMUNif( FOUNDATION IA Company Limited by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting poll¢los (continuod) 2.3 Income All income is recognised once the Charitable Company has enlillemenl lo the income. it is probable Ihal the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Consolidated Slatemenl of FinanGiaS Activities on a receivable basis. The balar¥ce of income received for specific purposes but not expended during the period is shown in the ielevanl funds on Ihe Balance Sheel. Where income is received in advance of entitlement of receipt, ils recognition is deferred and included in creditors as deferred income. Where entillemenl occurs before income is received, the income is accrued. Income from trading activities is recognised to the extent that il is probable thal the economic benefits will Ilow to Ihe Group and the income can be reliably measured. Income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added lax and other sales taxes. The following criteria must also be met before income is recognised: Rendering of services Income frorn a ¢ontracl lo provide SeiceS is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all ol Ihe lollowing conditions are satisfied.. Ihe amounl of income can be measured reliably,. il is probable that the Group will receive Ihe consideration due under the contract. the stage of completion of the conlracl at the end of the reporting period can be measured reliably., and the costs incurred and the cosls to complete the contract can be measured reliably. 2.4 Expenditure Expendiluie is recognised once there is a legal oi constructive obligalion lo Iransfor e¢onomic benefif to a third party, it is probable thal a transfer of economic benefils will be required in seltlemenl and Ihe amount of the obligation can be measured reliably. Expenditure is classified by aclivity. The costs of each activity ale made up of the total of direcl costs and shared costs, including support costs involved in iindertaking each aclivily. Direct costs atlribulable to a single aclivity are allocated directly to that aclivily. Shared wsls which conlribute to mole than one activity and support costs which are not attributable to a single activity are apportioned between those activities on 8 basis consistent with the use of resources. Central staff costs are allocated on Ihe basis of lime spent, and depreciation charges allocaled on the portion of the asset's use. Charitable 8divilies and Governance costs are costs incurred on the Charitable Company's operations, including support costs and costs relatiT)g lo the governance of Ihe Charilable Company apportioned lo charitable activities. All charitable expenditure is in¢lusive of irrecoverable VAT. Ch8ritable trading expendilure is net of VAT. 2.5 Interest receivable Inleresl on funds held on deposit is included when ieceivable and the amount can be measured reliably by Ihe Group,. this is normally upon notification of the inter651 paid or payable by Ihe instiliilion with whom the funds are deposited Page 19
COLCHESTER UNITED COMMUNITY FOUNDATSON (A Company Llmltod by Guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 A¢counting pollcies (contlnued) 2.6 Taxatlon The Charitable Company is considered lo pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a Gharilable company for UK corporation lax purposes. Accordingly, the Charitable Company is potentially exempt from taxation in respect of intome or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exlenl (he: such income or gains are applied exclusively lo charrtabse purposes. Colchester United Conimunity Trading Limited d08s not recognise a currenl lax charge on the basis that the company plans lo ¢onlinu8 lo gift aid any taxable profits to the Charttable Company, its parent undertaking, for Ihe foreseeable future. Taxable profits are therefore not anticipated lo arise. 2.7 Tangible flxed assets and depreciation Tangible fixed assets costing £500 or more are ¢apitalised and recognised when fulure economi benefits are probable and the cost or value of the assel can be measured reliably. Tarb9ible fixed assels are initially recognised at cost. After recognilion, under the cost model, tangible fixed assets are measured al cost less accumulated deprecialion and any accumulated impairmenl losses. All costs incurred to bring a tangible fixed asset inlo ils intended working condition should be included in the rneasurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their eslimaled useful lives, using the straight-line method. Depreciation is provided on the following basis.. Leasehold improvemerits Short-lerm leasehold property Equipment Motor vehicles 20Yo slraighl line 20Yo Straight line 10 /r lo 33 /0 Straight line 20 /0 Straight line 2.8 Investments Fixed asset investments are a form of financial instrument and are initiallsi recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date. unless the value cannol be measured reliably in which case il is measured al cost less impairmenl. Inveslment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Lossesl on inveslmenls, in Ihe Consolidated Statement of Financial Aclivilies. Inveslments in subsidiaries are valuod at cost less provision for impairment. 2.9 Debtors Trade and other debtors are recognised al the seltlemenl amounl after any trade Lliscounl offered. Prepayments are valued al the amount prepaid nel of any Irade discounts due. Page 20
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Llmiled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policie$ {¢ontinued) 2.10 Cash at bank and in hand Cash al bank and in hand include5 cash and short-temi highly liquid investments wilh 3 short malurily of three months or less from the date of acquisition or opening of the deposit or similar account. 2.11 Liabllities Liabilities and provisions are recognised when Ihere is an obligation ai the Balance Sheel dale as a result of a past event. it is probable that a transfer of economic benefit will be required in settlemenl, and the amount of the settlemenl can be eslimaled reliably. Liabilities are recognised al the amouni that the Charitable Charitable Comi)any ankn'cipales il will pay to Settle the debt or the amount11 has received as advanced payments foi the goods or services it must provide. Provisions are rneasured al the besl estim81e of the amounts required lo settle the obligation. Where the effect ol the time value ol money is material, the provision is based on the presént value of those amounts, discounted al the pre-tax discounl rate that reflects the risks specific lo the liability. The tjnwinding of the discount is recognised in Ihe Consolidated Statement of Financial Activities as a rinance cost. 2.12 Deferred taxation Full provlsion is made for deferred tax assels and liabilities arising from all liming drfferences between Ihe recognitioii of g(iiris ai)d losses in the financial slatenienls and recognition in the tax computation. A net deferred lax assel is recognised only if it can be regarded as more likely than not thal there will be suitable taxable surpluses from which the future reversal of the underlying liming differences can be deducied. Deferred tax assets and liabilities are calculated 81 the tax rales expected to be effective al Ihe time the timing differences are expected to reverse. 2.13 Financial instruments The Group ¢nly has financial assets and financial liabilities of a kind Ihal qualify as baslc financial inslruments. Basic financial instruments are initially recogni¢ed al transaction value and subsequerblly measuied at their settlemenl value with the exception of bank loans which are subsequently measured al amortised cost vsing the effective interest melhod. 2.14 Pensions Colchester United Foolball Club Limited, a company under common control, operates a define conlribulion pen8ion sTrheme and Iho pension charge represenls the amounts payable by Colche¢le.I United Football Club Limited, to Ilie fbnd in respect of the year. Page 21
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Llmited by Guarantèe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies {continued) 2.15 Fund accounting General funds are unrestricted funds which are available for use al the discretion of th8 Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. ReslTiCted funds are funds which are to be used in accordance with specifiG restrictions imposed by donors or which have been raised by the Group for parlicular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. Investrnent income, gains and losses are allocated to the appropriate fund. Critical accounting estirnates and areas of judgement Preparation of the financial ststements requires managemenl to make signifiGanl judgements and estimates. The ilems in the financial slatements where these judgements and eslim8tes have been made include.. Useful economic life of tangible fixed assets The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to rei lect current eslimales, based on technological advancement, future investments. economic utilisalion and the physical condition of the assets. Carrying value of tanglble fixed assets The Truslees review the tangible fixed assets for indicalors of impairment on an annual basis. The Trustees have concluded that no impaimenl is required. Income from charitable activltles Unrestricted Restrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 EdLtcalion Sports Participation Health and Inclusion Other 167.99 1 387.852 99.016 49.598 167,997 663,891 164,058 49,598 198.280 431,718 269.470 276,039 65.042 704,46.3 341,081 1,045,544 960,259 Page 22
COL•4HESTER UNITED COMMUNITY FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Income from other tradlng actlvlties Income from non charitable tradlng actlvitles unrestricted fund5 2025 Total funds 2025 Total funds 2024 Sales 372.056 372,056 321,982 Investment income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Interest ieceivable 23,607 23,607 14,167 Analysis of expenditure on charitable activities Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Education Sports Participation Health and Inclusion 162,191 3311,123 86,319 43,238 351,773 162,191 683.673 152,006 43,238 351,773 114,361 365,934 391,903 58,480 314,139 345,550 65,687 Other Charilable Irading expenditure 981.644 411.237 1,392,881 1,244.817 Page 23
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Llmlted by Guarant•8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Analysls of expenditure by activities Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Total fiinds 2024 Education Sports Participation Health and Inclusion Other Charitable trading expenditure 117,239 506,031 108,108 29.966 44,952 177,642 43,898 13,272 103,338 162.191 683,673 152,006 43.238 351,773 11a 361 365,934 391,903 58.480 314,139 248,435 1,009.779 i83.102 1,392.881 1,244,817 Auditors. remuneration 2025 2024 Fees payable to the Ckiarilablo Company's auditor for the audit of the Charitable Company's annual accounts Fees payable lo the Charilable Companls auditor in respect of: All non-audit %ervices not included above 11,700 1,800 4,775 10. Staff costs Charitable Company 2025 Charitable Company 2024 Group 2025 Group 2024 Wages 8nd sa18ries Social security costs Contribution to defined contribution pension schèmes 470,622 64,781 441,629 58,559 470,622 64,781 441,629 58,559 53,516 48,668 53,516 48,668 588,919 548,856 588,919 548,856 Pa9e. 24
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 10. Staff costs {continuedl The average number ot persons employed by the Group and Charitable Company during Ihe ypar was as follows.. Charitable Company 2025 Charitable Company 2024 Group 2025 No. Group 2024 No. 46 44 46 44 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: Group 2025 No. Group 2024 No. In the band £60,001- £70,000 11, Trustees, remuneration and expenses During the yeai, no Trustees received any remuneralion or other benefits {2024- £NIL). During the year ended 30 June 2025, no Trustee expenses have been incurred (2024 . £NILI. Page 25
COLCHESTER UNITED COMMIJNITY FOUNDATION (A Company Limlted by Guarantee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 12. Tangible flxed assets Group Long-term Short4erm leasehold leasehold Plant and property property rnachlnery Motoy Fixtures vehicles and fittlngs Total Cost or valuatlon Al 1 J¢ily 2024 Addition5 54,321 4,167 12,560 34,288 286,332 53,002 27.982 407,090 65.562 At 30 June 2025 54,321 16.727 34,288 339,334 27,982 472,652 Depreclalion Al l July 2024 Charge for the year 12,197 9,537 764 1,126 21,444 3,424 96,546 62.892 12,353 3,289 143,304 80,268 At 30 June 2025 21,734 1,890 24.868 159,438 15,642 223,572 Net book value AI 30 June 2025 32,587 14,837 9,420 179,896 12,340 249.080 At 30 June 2024 42,124 3,403 12,844 189.786 15,629 263,786 Page 26
COLCHESTER UNITED COMMUNITY FOUNDATION {A Company Limlted by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 202S 12. Tangible fixed assets {contlnuedl Charilable Company Long-term leasehold property Plant and machinery Motor vehlcles Total Cost Of valuation At 1 July 2024 Addilions 54,321 34.288 286,332 53,002 374,941 53,002 AI 30 June 2025 54,321 34,288 339,334 427,943 Depreclation At 1 July 2024 Charge for the year 12,197 9,537 21,444 3,424 96,546 62,892 130,187 75,853 AI 30 June 2025 21,734 24,868 159,438 206,040 Net book value At 30 June 2025 32,587 9,420 179,896 221,903 At 30 June 2024 42.124 12,844 189,786 244,754 Page 27
COLCHESTER UNITEO COMMUNITY FOUNDATION (A Company Limited by GuaTanlee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 13. Flxed asset investments Inveslmènts in subsidiary eompanles Charitable Company Cost or valuation At l July 2024 AI 30 June 2025 Net book value AI 30 June 2025 AI 30 June 2024 Prlnclpal subsidiarie5 The following was a subsidiary undertaking of the Charitable Company.. Name Registered office or Principal principal place of aetivity business Class of shares Holding Colchesler United Commiinity Trading Jobserve Community Sports Limited Stadiiim activities United Way Mile End Colchesler Essex C04 SUP Ordin8ry 100% The financial results of the subsidiary for the year were: Name Income Expenditure Profitl(Loss} I Surplusl {Deficitl for the year Net assets Colchester United C*ommuriily-frading Limited 372.056 (355,109) 16,947 34,462 P.age. 28
COLCHESTER UNITED COMMUNITY FOUNDATION IA Company Ltmited by Guarantee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 14. Debtors Charitable Company 2025 Charitable Company 2024 Group 2025 Group Due wlthln one year Trade debtors Amounts owed by subsidièry undertaking Amount8 owed by related parties Other debtors Prepayments and accrued income 17,143 10,655 13.735 20.241 5,796 18,393 5,918 33 2,500 33 45,031 45.473 20,473 20,031 68.567 58,219 54,449 44,220 The amounts owed by the subsidiary undertaking are interest free and repayable on demand. 15. Creditors- Amo(Jnts falling due withln one year Charitable Company 2025 Charitable Company 2024 Group 2025 Group 2024 Trade creditors 30.549 12,607 24,352 3,476 14,253 10,725 9,929 29,091 Amounts owed to group %Jndertaking Amounts owed lo related parties Other taxation and social security Accruals and deferied incorriè 20,795 350 34,344 2,950 124,471 106,201 103,876 122,641 157,895 174,372 145,957 172,386 Thp amounts owed to the subsidiary undertakin9 are inleresl flee and repayable on derriand. Page 29
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 16. Deferred laxation Group 2025 At the beginning of the ye<ir Charge for the year 4,498 3.336 7,834 All deferred taxation relates to Colchester United Community Trading Limited. The deferred tax liability is made up as follows.. Group 2025 Group 2024 Accelerated capital allowaoces 7.834 4,498 Page 30
COLCHESTER UNITED COMMUNITY FOUNDATION IA Company Llmited by Guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 17. Statement of funds statement of funds - current year Balance at 30 June 2025 Balance at 1 July 2024 Transfers inlout Income Expenditure Taxation Unrestricted funds General Funds- all funds CUCT Reserves 872,198 34,468 728,070 372,056 (629,8701 (351,7741 (217,292) 753,106 51,414 (3,336) 906,666 1,100,126 (981,644) (3,336) 1217,292) 804,520 Restricted funds Heallh & Inclusion (119,3651 65.042 {65,687) 120,010 Sports participalion 127,771) 276,039 (345,550) 97,282 {147,136} 341,081 1411,237) 217,292 Total of funds 759,530 1,441,207 (1,392,8811 (3,336) 804,520 Paoe 31
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Llmlted by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 17. Statemenl of funds {¢ontlnuedl Statement of funds - prior year Balance al 30 June 2024 88lance at l July 2023 Transfers in/oul Income Expendilure Unre5trlcted funds General Funds - all funds CUCT Reserves 625,441 {329} 713,840 321,982 (385,919) (312,185) 156,164) 897,198 9,468 625,112 1,035,822 1698,104} (56,164) 906.666 Restricted funds Heallh & Inclusion Sports participation 64,812 {8.067) 176,929 107,785 {417.2701 (127,489) 56.164 119.365) (27,77 1) 56,745 284.714 (544,759) 56,164 (147,136) Page 32
COLCHESTER UNITED COMMUNII'Y FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 17. Statemont of funds (continued) The Health and Inclusion restricted funds are for the following initiatives-. The Premier League Primary Stars Programme repiesents income awarded for the purposes of delivering activities to primary schools IocLising on the core values of the Premier League Primary Stars Programn)e. All sessions are offered lo upskill teachers. provide engaging sessions for participants and lo increase participalion in sport. The Premier League Girls fund represents income awarded for the purposes of increasing pariicipation lor females within the commynily. Sessions delivered in schools and al community hub lo support the en9agemÈnt of 11+ females in sport. The PremEr League Kicks fund repre56nts incorr.e awarded for the purpooe of providing sports sessions in targeted areas lo increase participants, decrease levels of anti-social behaviour and improve levels of community cohesion. As well as increasing physical aclivity, this project works towards key oulcomes including volunteering and qualifications. The United Against Knife Crime fund represents income awarded for a community safety prograrnme engaging young children around the dangers of knife crime. The Joy of Moving fund represenls income awarded to promote healthy eating and lifestyle choices in a programme delivered in primary schools. The EFL Infiaslraclure fund represents income awarded for Ihe purpose of improving the facilities to assisl the Charity in delivering ils obieclives. The BSBT fund represents income awarded for the purpose of challenging exlremism in the commLSnily. The BBC ChildTen in Need grant fund is tor supporting children aged under 18 who suffer wilh disabilities and this projecl is funded by Children in Need. Tho NCS fund is a prcjecl for School year 11 and 12 students and provides them with residential experience, social aLlions projecls and life skllls. The project is funded by the NCS Trust. The Youth Inveslnienl Award fund was réceived in March 2022 to support the CharitS seNices and offering lo young people. The fund has enatsled the Cha4ty to improve ils infraslruclure and offering to hildren and families that il servès. The Sport5 and Participation Fund relates to the Active Essex Holiday Clubs which is to support working families throughout the school holidays. Page .33
COLCHESTER UNIITED COMMUNITY FOUNDATION (A CompaTry Limitèd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 18. Summary of funds Summary offund5 . Current year Balance at 30 June 2025 Balance al 1 July 2024 Transfèrs inlout Income Expendlture Taxatlon GeneTal funds Restricted funds 906,666 {147,136) 1.100.126 341,081 1981,644) {411.237} 13,336) (217.292) 217.292 804.520 759,530 1,441,207 (1.392.881) (3,3361 804,520 Summary of lunds - prior year B813nce at 30 June 2024 Balance at 1 July 2023 Transfers in/out Income Expenditure General funds Restricted funds 625.112 56,745 1.035.822 284,714 {698,104) 1544,759) 156,164) 56,164 906,666 (147.136) 681.857 1,320,536 11,242,863) 759,530 19. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 Total funds 2025 Tangible fixed a$sets Currenl assels Creditors due within one yeai. Provisions for liabilitie5 and charges 249,080 249,080 721,169 721,169 1157,895> {157,895) 17.834) {7,834} Total 804,520 804,520 Page 34
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 19. Analysls of net assets beeen funds (continued) Analysls of net assets between funds - prior year Unrestricfed funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assels Current assets Creditors due within one year Creditors due in more than one year Provisions for liabilities and charges 263.786 674.614 128,322) 1.086 (4,498) 263,786 674,614 (174,372) 1146,050) 11.0861 14,498) Total 906,666 (147.1361 759,530 20. Reconciliation of net movement in funds to net cash flow from operatFng activities Group 2025 Group 2024 Net income for the year {as per Statement of Finanal Activiliesl 44,990 51,591 Adjustments for: Depreciation charges Increase in debtors Increasel(decrease} in credilors 80,268 13,895) 119,5941 61,872 {14,5151 110,344 Net cash provided by operating a¢livities 101,769 209,292 21. Analysis of cash and cash equivalents Group 2025 Group 2024 C8sh in hand 652,602 616,395 Total cash and cash equivalents 652,602 616,395 Pagp 35
COLCHESTER UNITED COMMUNITY FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 22. Analysis of changes in net debt At 1 July 2024 Cash flows At 30 June 2025 Ccish al bank and in hand 616,395 36,207 652,602 616,395 36.207 652,602 23. Related party transactions The Charitable Company has taken advanlage of FRS 102 Section 33 "Related Paty Disclosures" exemplion permilling it lo not dioclose transactions with Group undertakings where 100°/o of the voling rights are ¢onlrolled within the Group. At the year end dale, the Group owed Colchester United Football Club Limited, a company controlled by one ol the Trustees, an amount of £3,681 (2024- £5,253). During the year, the Group incurred m8n8gemenl charges from Colcheyler United Football Club Limited amountiiig to £27.00012024= £22,250). At the year end dale, the Group owed Jopserve Limited. a company controlled by one ol the Trustees, an amount of £10,24312024: £Nil). At the year end dale, Ihe Group owed Colchester United Hospitality Limited. a Company controlled by one of the Twslees, an amount of £907 (2024.. £Nil). During the year, Aspire Projects Limited, a company controlled by one Df the Truslees, carried out work for the Group lolalling £522 (2024: £Nill. Al the year end date. £46 12024.. £Nil) was owed to Aspire Projecls Limited. 24. Controlling party The Charitable Company is controlled by the Board of Trust68s. Page 36
COkCHESYER UNITEDFC COMMUNITY FOUNDATION Regislei Lhaiiry Nlimber 1159381 Colchester Unlted Communit Foundation Charities Commission Re ortjul 2024- June 2025 We are delighted to report that 2024.25 financial year has seen our highest ever revenue generated, number of participates and delivery hours engaged in our provision. This is huge credit to the skills and expertise of our staff, volunteers and trustees who are encouraging more people than ever before to improve their lives through sport, health, and education. We are now uniquely placed to tackle some of the key issues that our community is facing, alongside combating broader societal challenges, and sUPPOrting local and national agendas. Through the engagement of over 10,000 individuals each week, we positively impact our community by providing opportunities for people to become the best version of themselves. Ongoin8 partnership development is key to our strategy and together we will inspire, enrich, and unite our communities. Adopting our"Enrich our communities" strategy and upgrading our approach for the times we are in, and the future we want to build is crucial. We believe 5POrt and physical activity has a huge role to play in improving physical and mental health for all, sUPPOrting the economy, reconnecting communities, and building a stronger society for all. We are always there for our community but more importantly, we have been there for our communities that need us most. Moving forwards, we will ensure we continue to make a difference whether that is to individuals, groups or the community. The support of many partner organisations has enabled us to be successful in establishing our programmes at the heart of the communities whilst addressing mental health, physical health, loneliness, and isolation in our community. I hope you find our Charites Commission report provides a clear insight into Colchester United Community Foundation financial position. We are proud of the work we undertake and achievements, and look forward to ensuring another year of development, manageable growth and Success ahead in 2026. Corin Haines Chief Executive Officer TO INSPIRE, ENRICH AND UNITE OUR COMMUNITIES www.cu-fc.com/cucf cucfcbcolchesterunited.net 01206 755160 O Oa ColU_CF O /ColU_CF
enrichourcommunities
Shrub End Conim uiiity & Sport Centre, Boadicea Way, CDlchesler, Essex, C02 9BG