Cotnwany rcgistraiion numb¢r.' 09408894
Charity r¢gistration number: 1161401
Port Vale Football Club Foundation
(A company limited by guarantee)
Annual Report and financial StatenKnls
for th¢ Y¢ar End¢d 31 Augu￿ 2024

Port Vale Football Club Founéatlon
Contents
Reference and Administtative Details
Trnstees, Report
2to8
Statement of Truslcc8' Rcsponsibiliti¢s
Independent Examiner's Report
Ioio 11
Statement of Financial Activities
12
Balance Sheet
13
Siaiemenl of Cash Flows
14
Noles lo the Financial Stsi¢inenls
15to27

Port V&le Football Club Foundatlon
Reference and Administrative Details
Trustces
Ms Racl)el B¢ck¢tt
Mr Matthew James Parker
Mr Simon Peter Whitehouse
Ms Keely Dawn Brown
Ms Julie Sadler-ll'iiglit
Ms Carol Ann Sh￿]ahan
Mr Andrew James Taylor
Ms Clair¢ Lou&s¢ Halkcl
Mr Andrew Richard lJiirge8S
Mr Matthew John l.lanLoLk
Mr Mi¢ha¥l Jones
Mr Ikrgm Hussain
Senlor Management l Leodershlp Will TLirner
TtAm
ChArlty ReglstrAilon Number
161401
Compin}' Regl8trAtlon Number
09408894
Thc cliarity is incorporal¢d in England & Wales.
Pori Vnle Foundalion
14amil Roud
Stok¥wOii-Trent
ST6 IAW
Reg191ered Offlce
Prlnelpal Offlet
Vale Park
Hamil Rolld
Stok¢-On-Trent
Stsffordshire
ST6 IAW
Tndep¢nd¢nt Examlnor
Alextra Group Limit¢d
7-9 Mtteon Court
Crewe
Chcshire
CWI 6EA
Page I

Port Vale Football Club Foundydtion
Trustees, Report
The t￿￿tL￿s, wlio are directors for tli¢ purposes of company law. prescnt th¥ annual report together with ¢l)e
finaiicial slarements of the Charitable compuny for the year ended 31 Augusi 2024.
The fil￿n¢la1 st8tein¢nts have b¢¢n pwpar¢d in #¢¢ordanc¢ ivith thc accoynling policics set oul in note 2 to the
r￿anCIal stalements and comply with the charity's Mcmorandum and .QTticles of Asso¢iJtion, Ihe Companies
Act 2006 and 'Accowiting and Reporting by Charities.. Statemen¢ of Re¢0￿Met￿led PiaLtice applfftcable to
charities preparii)g their aLcounls in accordance ￿'ith the Financial Reporting S18nd8rd applicable in the UK and
Republi¢ of Ireland (FRS 102), (¢ffectiv¢ l January 2019)-
objtc1lv￿ 4nd 4Ltlvltles
'fh¢ Charity's objccts are restiictcd to the following charitsble purposc5 for 1he benefit of Ihe public g¢nerJlly.
both in thc Umiied Kingdom and overseas. and mosl especially the inhobiton15 01- Stok¢-on-I'renl und
Statlordshire with particular locus on ih¢ ar¢a around Bursl¢m and ih¢ ST6 poslLodc area:
Pagc 2

Port Vale Football Club Founqlrdtlon
Trustees, Report
l. To incrcase levels of pnrticipation in sporl and physical ociivity by providing a core offer of opportunilies lor
hildren> young people and adults.
2. To increase the level of aspiration and attainment by developing the essential life skills of people aLross
Stoke-on-Trent and Staffordshire. Providing access to Positii-e lean)ing environments. traiiiing. and
employinenl.
3. To r¢duce health incqualities by proinottng o bTolldeT undcrsÈai)ding of ho￿, to lii'e a healthier. happier
lifestyle, providing aclivilies and suprA)rt Ihal loslers improved lile choices.
4. TLJ create opportunhties for positive soLial ¢han8e, by brin8ing people together and being ai the hLart of
gr￿￿'Ing and diversL communities. providin&T a menu of nced8 led support to those who r¢quir¢ it most.
S. To utilise the poiv¥Y and brand of Port Vale Football Club lo help to inspire people Ihrougb ille&nin8ful
experiences and Lonnections to Port Vale Football Club and its assets incliiding facilities, players, staff.
malchdays and events.
6. For the general purposes of such chdrilie5 or lor such other Lharitsblc pwpose5 under ikn¢ laws England and
Wules in eULI) Cdse a8 the TnJstL¢s may trom lim¢ to tim¢ d¢¢id¢.
Pmblle beAefli
The foundation carries oul ils obj¢ctives by pro¥'idin8 a wid¢ T8n¥e ofprojects and inililllive8 pIAnned lo cover
the key areas of sport & physical Jctsvityl educatioty health and wellbeing and cojmllunily engag¢ll)¢nt.
These areas of actiN-ities have been identified as key in iising the poiver of football lo m8k¢ a difference, inspire
beliefs and change ¢ultur¢s.
The boundation works closely with Ihe Englis]i Football League 'ftust and Premier Leaglie Charitsble fund to
ensurc Iliai oclivilies and projects continue gnd r¢¢eives lunding Irom the Inglish Football Lea8u¢ Trnsl ond
Premier LL'ague Charitabl¢ AcliviliLs Fund for ils core aclii'ities.
Th¢ Inistecs contirm that ihey have complied with tli¢ Irquiremenls of section 17 ot. thc Charities Act 2011 to
have due regard lo Illo piibli¢ bcnefit guidanLe publishcd by Ihe Cliariiy Commission fol. F.iigl¥nd and Walls.
Use of volmiiteer
The F(Trundation continues to utilise volui)leers in a range of settings. supw)rting the ¢xecution of the
progmmm¢s, which deliver our our¢omes. W¢ provide work placement opportunities across our programme8 to
school students, interns and college stt]dents.
Paqe 3

Port Vale Football Club Foundation
Trustees, Report
A¢hievements and performAnee
This y¢Ar h4iS se¢n continued a period of growth and development. Th¢ yfar the first trne 12 month period
of op¢raiing under rhe new governallce structure following a year whereby th¢ y¢ar end was extended to aligD
better with significaiit funding partners and the school year.
During the year to August 2024, we delivered significant regults again8t 0￿r key obi¢ctives and for the fust time
delivered oiir first illdependent impact Report. delivered by an extemal organisation EVLD Impact. This w99
released in line with our yeor end al￿ celebrated at Port Vale Foundolioll Awards Evening 2024. Th¢ board
overnance and operation has taken a sig]iificant Step forward this year, Iviih tsub groups being effective. fully
opmlional and reporting into ihe full board ¢onsistenily. Sub groups for Pei)ple and Policyy chaired by Trustee
Malt Parkcr and Finaiice & Risk, ehaircd by Andy Burgess have providcd confidenc¢ ond ¢onsislen¢y in our
govcrnancc op¢rotion,
In the year lo Aiigubl 2024. we have also apwii)ted two new (n￿lee$ specifically f￿Using on Equlllity*
Diversity and Inclusion. 'fhis ha5 .4hown our cominilincnl to EDI us a board and has ¢n8bled a slrongcr b(md and
conn¢clion wilh the Port V8le FC for EDI relaied aclivily.
Full staff away days in September 2023 and JAni￿ry 2024 were delivered to support on goiiig staff and
volunt¢¢r dev¢lopin¢nt. These included full staff briefingb, delivering slrdtegic Incssag¢s and Co[￿eCting
differcni dcpartments togeiher. ID addition, we have rctained specifiL Idrgeled senior manag￿llen1 days and the
oppominity for beiier connection between ytalTand owqtees.
Complihnce against Premier League Charilable Fund CCOP audit has progressed well. We hav¢ achieved a
sLore of 81 % by August 2024, whiLh iy con%idercd vcry ￿00d. Our next 8ini Is 1¢) work ¢oivard6 exemplary as Ibe
EfL and PLcf are evolvillg ¢h¢ir compli￿]¢¢ slundards witli CCOP 3.0.
'I'he Foundalion ond Cliib relationship is u ¢oniiniiing suceess factor. the iindcrsionding across Ilie wholc Club
and Foundaiion lias evolved lor thL beiier and il is evidcnl of a joinLd up 8pproa¢h. Playcr ¢n&￿￿¢mentS have
rown und bcen niore impuLLful. to illLludc ALudL'my SLliolars.
'rhe work iiwi Pon Vole Foundaiion docy is underpinncd by a Iconi ofdedicaicd slalT. voltsntcers &nd Irusl¢c$.
'I'l)e wpport and ¢X￿rE1sC thcy oljer conlinues lo cxpand ¢hc dcptli ol. work. cr¢ating clearer and mor¢
deflned iinpact lo make a la51ing diff¢ren¢e in Siokwn-Tr¢nt and Siaffordshire.
Pag¢ 4

Port V8le Football Club Foundatlon
Trustees, Report
Flnancial review
The results for th¢ yeftr are shown in the Stafrment of Financial Actii'ities.
In¢omTng resources for Ihe year lotalled £923,458 (2023: £1,169.798) consistiJ]g of unre5tri¢led income of
£$46.395 (?021: £742.278) and restrict￿ income of £377,063 (2023.. £427.520).
Expenditure for the ye8r was £1,045,05012023.. £1.140.130) with unrestricted reserves totalling £?2,712 (?023.'
£9.3.518) and restrict¢d r￿IdS £nil (2023.. £50,7116) at.11 Augus¢ 2024.
The Balance Slieet shows tha¢ at 31 Augu.qt 2024 toial r¢servcs were £22,712 (202.1.. £144,-104)
The losses wer¢ a result of previous level of understanding on the linancial op¢ration. Ai Ihe beginning of
September 202.3. we were qtill tran8iLionin8 from the old financial syslerns lo the new ones aiid didii't haiic a.s
clear undcrstllnding th¢ financiol Piclure us we do now. Tliis meant thnl the grlmls und associnlcd sta￿1n8 was
un¢l¢ar kukd w¥ retained Ilitt mdjortty of il)e worklorLe. wliere Iliere was a th'i)p oll. in gran1¥. Ilrdl we now know.
We have liud a yLar of development in this current finoncial year, nL'w 8ybtL'rnS haye been put in place and the
live picture 18 more posilive, with finance now being a key priority for the Itusiee8 and focusing on
organisational health. In addition, Ihe financial governance and N'_developmcnl diiring the year I￿8 been
documente(I tlirougli board ineelii)gs und tli¢ Fin4n¢e and Risk Sub Comrnillee. Donations in the previuu5 year
were significant ai)d allowed rhe loss for Iliis year to be ¢ov¢r¢d by the iyseives in plaLe. In Rddition, the
financial govemftn¢e and re-development during the yeAr has been documented throiigh board mLetin&$ And the
FintLn¢e and Risk Sub Coinmittce.
Pollcy ON ru¢rveJ
ThL' Trustees Iwv¢ cxaminod the Foundation's re4uiirmeni for reserves in light of IhL main risks to the
organisution and the possible r¢du¢tion in fuThJin&
11 hus estoblished a policy whcreby the iinre8tTi¢lcd fttnds not cornmttted 01 invcsled in tfjngiblc fixed a51els hcld
by Ihc ¢harily should bc bciwe¢n 3 and (> InondL8 of the cxpeiiditurc. The ¢urrcnL level ol re$er¥es ig shoivn on
the Balanc¢ ShL¢I.
Tl)e rcserve$ arc rcqilired to meet working capital requirement8 iiicluding lh¢ salary ¢omniitmenl8 of the
Foun4J#tion und thi TThitLes are ¢onfidLnl ti)at al Iht's l¢v¢l Ih¢y would bc able lo continu¢ the currcnl aclivilics
in ih¢ ei'eni ot a signifiuant di'op in funding and ihe Trustees will endeavtsur lo inLrease reserves aLLL)rdingly.
Page 5

Port Vale Football Club Fovndatifyn
Trustees, Report
Pl#ns for future periods
From September 2024 through the next financial year, we have maDy exciting plans ahead for Port Vale
Foundation. Thri'c will bc the continued itrivc for cxcellcnce in governancc. finan¢¢. partnersliips. d¢livcry l￿d
Ihc club relationsliip.
In addition. w¢ will hav¢ an exciting n¢w evolution of our 5tTUCture as we Ivork towdrds a strdt¢gi¢ r¢vtcw. We
will be amending the strn¢tyre to align better with Port Vale FC. wtth the view to creating a Community and
CSR Director rol¢, supported by a neiv position of Head of Foundatioii and r&working the Sport & Physical
A¢ti%'ily Ma]Rager rolc to be a Head of Coinmunity fooiball, Ivhich will Iransilion Women and Girls, player
pathways and paid football provision away trom th¢ Foundation's core work.
We ivill continue to deliver our key Strat￿$ of ivork, Ivhilst undertaking R strdt¢gi¢ revi¢iv b¢ginnin8 ivith a
work81iop at our firsi board Ine¢ling in the new financial year, in November 2024.
Onc olour most signifi¢anl areas of dcvclopment wiihin our futurc pla￿4 is our facility stock. We ar¢ exploring
the dcvelopineiii of Bradcley Football Developincnt Ccntre. a new Ploy£onc and leading the delivery or
community focused "cainpus" at the h¢ort ol. Burlsem. providin¥ inspiring and innovaiive spaces lor people
froin the lo¢al communily to engage in.
Strncture. govern4ne¢ ind n78nagement
Port Val¢ Football Club Fouiidation is o charithble compally limited by guarfjnt¢¢. incorpornted on 27 j1￿1111ry
2015 and registered as a Foundaiion on 23 April 2015. The company was esiablished under a Memorandum of
A550ciaiion and is govemLxd undL'r its Arti¢l¢s of AqsoL'ialion. Tn the cvent of Ihe ¢ompany being wound lip
mLmbLrs ure r¥quired to Lvntribute ai) amvunt not exC￿dIng £1 U.
The Irustee8, ivho are direcior8 for the purpose of Lompany laiv and Tru5tee8 for the purpohe of charitable laiv,
who served durin8 thc pci'iod and up to thc dute of si¥natyr¢ of the finllnLLal statemen15 were..
Trusl¢¥s.'
Ms Rachel Beckett
Mr Motihew Jaincs Parker (opJ)oint¢d I Seplcinber 2023)
Mr Siinon Peter Whilehou
Ms Keely Dawn Brown
Ms Julie Sadler-wright (appointed I Seplember 2023)
Ms C#rol Ann Shallahan
Mr Andrew James Taylor
Ms Claire Louis¢ Halkel
Mr Andrew Richard Bur¥ess {8PPOlftted I Scplcmb¢r *023)
Mr MatthL'W John HanLock
Mr Mi¢ha¢l JonL'S (appointed 31 May 2024)
Mr Ikram Hu55ain (appointcd 31 May 2024)
Page 6

Port Vale Football Club Fovndatiom
Trustees, Report
Structure) governance And m4nn%ement
ReLruilMent oiid appoinlmenl ofiru.slee.f
Each T￿￿tee sholl retir¢ froni oftiLe at the conclusion of the third Annual Trnstve Meeting following his or her
most r¢¢¢nt appointment or reappoiniment biit. subject to Article 24.4 in the Memorandum shall then be eligible
for reappointment.
A TnJ5tee who has ser¥ed for six years consecutively or more must take a break from offiLe and may not be
reappointed until the ¢arlier of..
l) The amiiversary of thc eomin¢n¢¢inent of his OT her break fiDm offi¢¢,' and
2) 'fhe Annual 'l'rnslec MeetinbJ lollowing th¢ Annual Trnslee Mecting al which his or her break from O￿lee
commenced;
The oppoinlimenl rules do not apply to Covopled truslecs os sel out ift Arti¢l¢ 25 of lh¢ Memornndurn UDd
Articles ol'Association. The names ofihe present TTUSt¢es are sd oul in iiyis report.
Port Vllle Footbo11 c.lub will hold 3 ex-oITico trustee roles of (he Club Owner and Two Dii'eclors.
N¢w TNslees are supplied with the Charity Comnussion publication, The E55enli81 Trustee.. Wh41 Yoii Need to
Know,, along witli tli¢ Men)ornndum and ArtlLles and ih¢ 14lest finanLial statement5 ongoing ad ho¢
trninin8. A full day induction 18 provided with the Head of Community tor Trew trusle¢s.
orynrt1.￿IlOKfj1 slrncliire
During ihc previous financial year, significant chiinge toDk plac¢ following a review of our pr(>gress and current
position. Thi8 Icad io ll changL of Icadership Ri)d th¥ appoiiilnicni of a new l.ILAd of Cornniuniry, Will Turncr.
The Board ofTrustees 8re now working iviih Will via our newly forn)¢d Pcople Sul>Commi(leC to eiisuTL Ihal
he is supported fjnd Ih4t the relevant workforce 8trn¢ture 1$ in plaL¢ lo Ii¢lp aLliieve our aim5 and objL%tives.
Po8¢ 7

Port Vale FootbY411 Club Foundation
Trustees, Report
Other matters
Risk maii4geMenl
The Board of TTuslees is aware of ihe required procedures involi'ed in the recruitmellt of staff prior to
employment. Strict procedures are necessary when working with children under the age of sixtr¢n y¢ors and
adults over this agc ivho are deemed vulnernble adults.
Prior lo rtcruittnent ot- ststl ¢heck include DBS checks. veriti¢ation ofqualific2tions and an interview process.
The Trustees are involi'¢d in these procedures ivhere deemed appropriate. In additiOIJ PTOLedures are in place to
ensure compliance with heulth and safcry rcglilations by all ytuff.
Th¢ procedures and lorniats are periodi¢ally reviewed and asbesbed lo ensure ikni 11)¢y continue to meet Ihe
needy of the Foundation to liiltil its responsibilities.
Crltlc41 ae¢ountlng esilmatts Ind &reAs of Judgement
Estimar¢s and judgLmLnts al'e continually evaluat¢d and dre basLYI on a number of factors in¢ludin8 expectations
of fu￿re ei¥'ents thal Rr¢ believed to be reasonable under the ¢iwumslances.
Independent examlners
Alextra Group Limited werc appointed os Inde￿￿¢￿¢ Examiners by ihe cbtsrily.
The annual report was &pproY¢d by the trustees of the charity on .2&.k.ts1.2Sand signed on its behalf by:
Mr Andreiv James Taylor
Trusiee
Page 8

Port Vale Football Club FoundAtion
Statement of Trustees, Responsibilities
The ttlL8tees (who are also tl)e direLtors of Port Vale Football Club Foundation tor th¥ Pu￿OsL8 of company
law) are r¢sponsible for preparing the trustees, r¢port and thc finan¢iul sl&t¢ments in accordance with applicable
laiv and Uniled Kingdom Accounting Standards (United Kingdom Cienerally Acceptcd Accounting Pra¢lie¢).
including FRS 102 'The Financial R￿ortIng Stsndard applicable in the UK and R¢publi¢ of Ireland"
Company laiv requires the trustees to PTepare financial statements for each financial yvar. Under ¢ompany law
the trustees inii8t not approvc th¢ financial sthlement% unless they are satisfied that they give a and fair view
of the state of atyairs of Il)e charilablc company and of the inconiing resources and application of r¢sowc¢s.
includin¥ its income and expenditui'e, ol the charitsble company tor Ilwl period. In pr¢paring th¢s¢ fumncial
ststeinen15, the trustees are required to-.
select suitable acLounling poliLies and apply them consistently:
obs¢ive tlie meiliods and prin¢&ples in the Charities SORP;
make judgemenls and estimates that aTe reasonable and prudent.
statc ivhcther applicable accounting standards. comprisiytg fRS 102 hftv¢ b¢en follow¢d. subjecl to any
material departures disLloscd and explaiiied in the financial ytstemuits- and
pr¢par¢ th¢ financial statements on Ilie gToing concern basis iinless it is inappropriate lo presume that the
chai'itablL Lompuny will Lontll)UL' in business.
The ttvsl¢¢s ar¢ responsibl¢ for kceping pi'oper accounting records that can disc105c with rcasonabl¢ nccur4¢y al
any limc the finanLial position of thL' charitable company and enable them lo ¥'nsuTe that thL financial statLmonts
comply with th¢ Companies Act 2006. They are also rL'spollsibl¢ for Saf¥￿ardIng the Assets of th¢ ¢harilabl¢
coinpany and hence for lakiii8 reasonable steps for lh¢ preveniion and dele¢tion of fraud wid other irregularities.
The irubl¢¢s are T¢sponsible for the inaii1teD￿]ce and inlegrily of the curporatc and fin#i)cial infom)alion
included on the charitable ¢ompany'y w¢b4itr. L¢gis18tion governing the preparation 8nd dissemination or
rinoiicial statanenL$ moy differ from legislation in other juri%dTCtions.
Approvcd by thc Irnstccs ofthe ¢harily on .
,2kn1.ok>liC
und si¥ncd on it¥ bd)dlf by..
Mr Andr¢w James Tuylor
Trustee
Pag¢ 9

Port Vale Football Club Foundatlon
Independcnt Examinerls Report to the trustees of Port Vale Football Club Foundation
('the Company,)
I report to the chariiy Iruslees on my examination of the accounts of the Company for the year end¢d 31 August
ResponsEbllltles basls of report
As the charity's tnbstees of the Coinpany (and also its dir¢¢tors for the PUTposes of Company 18w) you are
respoiisible for the pr¢p&ralion olthe occounts in accordallce with the requirements of the Companies Act 2006
('the 21N)6 Act.).
14aving salisfi¢d myself that tlie aLLounts of (he Company are noi required to be &udiied under Part 16 of the
2006 Act ar¢ ¢ligibl¢ for independent Lxamination, l report in rcspc¢t of my examination of your charity's
&¢eounls as carried out under s¢ction 145 01- Ili¢ Charili¢s Act 2011 {'the 2011 A¢t'). In carrying out my
examination I liove tollowed the Directions given by ihe ChariLy Comniission under section 14515)Ibl ol- the
2011 Act.
An indepcndcnl cxattitnalion docs not involve goili¢ring all the evidcncc that would bc r¢qiiir¢d in on aiidil and
Lon%¢quei)Ily does iiot coi'LY all thc MattL￿ thal an auditor ¢oi)siders in giving thLir opinioii 01) Ihe a¢¢ouuls. The
planning and conduLi of 811 8udii goes beyond the limited as8ufdnce ihai an Independent examiiiaiion can
provide. ConscqLiently l expres8 tw opinion as io ivh¢th¢r the occovntg PTesent o 'true ond fair. I'icw and my
rcport is liinilcd to thosc specific moiiers sct out ID th¢ ind¢p¢ndenl ex￿nIner'S slfjlcm¢nt.
Page 10

Port Vale Football Club Foundgdtion
Independent Examiner's Report to the trustees of Port Vale Football Club Foundation
('the Company,)
Independent exAmiAer'8 Statement
Since the Company's gross income exceeded £250,000 your examiner must be a memb¢r of a body lisled in
section 145 of ihe 2011 Act. l ¢onfJrni that l am qualifked ￿ undertake ihe exanjination because l am a member
of ACCA. which is one ofthe lisled bodies.
I hai'e compl¢ted iny exainination. I confirni thot no matters have com¢ to my attention in connectiou ivith the
¢xaininalion gi¥'ing Ine caus¢ w beltev¢:
ac¢ounling records were noi kept in respect ot Port Vale Football c.lub Foundation as required by seclion
386 ofil?e 2006 Act,. or
2. the accounts do not acLord with those records; or
3. the accounts do not comply ivith Ihc accounting requirements of seclion 396 of ihe 2006 Act Oth￿ than
any rcquircment that the account% give a 'lTU¢ and fair view, Ivhich is nol & inatter ¢onbidcred as part of an
independenl cxamination. or
4. the a¢¢oiinls haiie not been prepnrod in accordan¢¢ with the meth(yds and principles of the Statement of
Rccoinmcnded Practice lor occoullting ond rctK)rting by chariti¢s [gpplicablc to chariliey p￿parIng their
accounlb in ac¢ordan¢e with the Fiuaiicial Repor(in% Standard applicablc in the UK and Republic of
Irelund (FRS 1021].
I have no concerns and knve coin¢ ocioss no other matters in conneciion with tl)e examination to ivhich atlenlion
yhoiild bc drawn in thi5 report in order to enable a proper understanding of Ihe accounts lo be reBched.
lan willi￿71 Biddinglon
ACCA
7-9 Macon Court
Cffiv¢
Cheshire
CWI 6EA
Dote..
Pagell

Port Vale Football Club Foundation
Statement of Financial Activities for the Year Emded 31 August 2024
(Including Income and Expenditure Account and Staternent of Total Recognised Gains
and Losses)
Unre$trl¢te
fund5
Restricted
funds
Tot#]
2024
Note
Income and Elldowmenls from:
Donation% and legacies
Cliaritdble activities
38? 562
163,833
368,743
8,320
751.305
172.153
Totsl income
546,395
377,063
923,458
Expenditure on:
c.haritable activitics
(617.2011
{427,849)
(1,045.050)
Total expcndilure
617,201
427,%49)
1.045.050
Nei ¢xpenditur¢
Nei movement in fLthds
{70.80C)}
50.786
121.592)
(70,8061
150,786)
(121.592)
Re¢onclll*llon of fvndg
Total fLinds broii8ht fonvard
Total funds carricd fonvard
50.786
144,304
13
22,712
22.712
Tot&l
2023
Unreslrieted
funds
Reslrleled
funds
Note
Income Ind F.ndowmenls from:
Donations and legacie5
Charitable activities
385,045
357.213
409,045
18,475
794.090
375,711¥
Total income
742.278
427.520
1.169,798
Expendlture on:
Charitable ucliviticy
718,830
421,300
1.140,130
Total expenditure
718.830
421,3
1,140.130
Nei income
23,448
(?.220
29,6CI8
N¥t mvv¢mcnt in liwds
23,448
6,220
29.668
RtconclllalRon of funds
Total fuiids brought forward
Tolal fund8 carried lonvard
70.070
44,566
114,636
93,51
50,786
144,304
All of th¢ charity's activities derive from continuing operations during the above two period5.
The Eunds breakdown for 2021 is shomi in note 1.1.
The iioies on pages 15 to 27 form an ii)tegrdl part ot iliue fiJ)ancial 8tatcments.
Page 12

Port Vale Football Club Foundation
(RL'gistration number: 09408894)
Balance Sheet as at 31 August 2024
2024
202.1
Not¢
Flxed assets
"rangible assels
io
5.975
Current a$5¢ts
Debtors
Cash at bank and iii hand
li
101,82J
18.609
91.602
191.446
120,432
283.048
Credltors: Amounts falllng du¢ withln one year
12
1103,6951
1138.7441
Net eurr¢nt assets
16.737
144,304
Net assets
22,712
144,304
Funds of the charlty:
Re$trlcted Income fund5
Restricted funds
50,786
Unrestrlcted Income funds
Unrcslricled flinds
22,71
93,518
TotAI fund$
13
22.712
44,304
For the financial y¢or ¢nding.I l August 2024 the charity was cnlitled to cxemption from aiidit undcr $eclion 477
ol'the Companics Act 2006 rclaling io small coinpanies.
Directors, respon8ibilities.'
The mLmbers have not required the charity io obtain 8n audit of its accounts for the year in question in
accordftnce with section 476: Rnd
The director8 acknowledg¢ their r¢sponsibilities for complyin8 ivitli requirements of the Act il'ith respect
to accounting records and the preparation of accounts.
Thc financial stateinents on pagL'$ 12 10 27 w¢r¢ approved by the ¢ruslces. and authorised for issue on
.Zlp.lth.Izk.. and si8ttcd on ih¢ii' b¢litsll by:
Mr Andrew James Taylor
TNstee
Tlie notes on pages 15 to 27 form an inl¢gral part of tliese financial statements.
Page 13

Port Vale Football Club Foundation
Statcmcnt of Cash Flows for the Year Ended 31 August 2024
2024
2023
Note
Cash flows from Dper*ting Activities
Ne¢ ¢ash (expenditure)liiieome
1121,592)
29.668
Adjustments to eash flows from non-e*$b items
Depreciatioij
1,014
(1?0.578)
29,668
Vorking c&pltal adjustmenls
(Increa.qe)Idecreg8¢ in debtors
(DeLreasellincreabe in ¢r¢ditors
110.221)
135,049)
-5ri,094
42.749
12
Nct Cabh nows Irom operating activities
1165,8481
130.511
Cash flvws from Ini'estlng a¢tlvltle8
Purchaye of tsngible fixed assets
N¢i (decT¢aSe)lincrease in cush and cash equivalents
10
6.989)
(172,83T)
130,51
Cayb and casb equivalents at I September
191,446
60.935
Cash alld cash equii'8l¢nls at 31 August
18,609
191,446
All ofih¢ cash flolvs are derivcd from continuii)g OPLrations during the above two periods.
Th¢ notes on pages 15 to 27 form an integral part of these financial statements.
Page 14

Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
I Charity status
Port Vale Football Club Foundation is a Charity limited by guarantee, Inco￿or4t¢d in England. and consequently
does not l]ave sliare capital. EaGli ot'the Tntstees is liable to contribute an atN)wil not exceeding £10 iowthrils the
assets of the Ll)arity in tli¢ ¢vent of liquidaiion.
The address of its registered office is:
Port Vale Foundation
Hamil Road
Sioke-On-Trent
ST6 IAW
2 A¢counting poli¢le$
Accountlng eonvemtlon
The financial slolenienls hove been pr¢por¢d in occordence wilh the ¢hgriWs gcgverning d￿liment. the
C.ompanics Act 2006, FRS 102 'The Financial Reporlin¥ Standard applicuble in the UK and RcpubliL of Ircland,
I'FRS 102,1 and th¢ Charities SORP 'A¢LounLing und Reporting by Charilies: Statemenl of Reconimen¢Jed
PraLtice (applicablc to Lharilies preparing tlieir aLLounts in aLcordanLe with Ilie FinanLial Reportin8 SthndaNI
pplicable in th¢ UK and Republi¢ ot. Ireland IFRS 102), (¢ffe¢tiv¢ l JanuAry 2019). I'he ch8rily is a Pliblic
Bencfit Entity as defined by FRS 102.
BAsIs of pi'ep*r&tlon
The finan¢i81 stalements are pr¢paT¢d in slerling (£) whlch is the functioiiEtI c￿￿enCY of ihe charity. Monethry
ainounls these financial %iaithn¢nts are rounded to the n¢aresl £.
The financial stalemcnts have been prepared under the hisforical cost conv¢nlion. Th¢ principal aLcouJitiiig
policies adoplcd are s¢t oui below.
Golng eoncern
Tli¢ F￿8￿¢1￿1 slatcments hay¢ been prepAred on a goin¥ concern busis.
Th¢ trnst¢&s Hsses8 whether the use of going concern is appropriate i.e. wheiher there are any material
unccrttsinties relaled to events or Condilions Iliut moy ¢asl signifi¢onl doubt on Ihc obilily of ihc charity lo
ontinue 8 going concern. Tlie trustees niake this ussessmenl in respect Lira periud of une year from (h¢ d4(¢
of approval of (he tinancial sta(ements.
Crltleal ae¢ountlng estlm74te$ and Judgements
Iii the application of the charity's accouEkling policies. thc tru¥l¢¢s ar¢ r¢quircd ￿ makL' judgLllnen(s, esliin8tes
and ussumpuong aboLiI thc ¢OTrying amounL of assets and liabilities thai are not readily appai'ent from other
soiirces. The estimates and a580Ciated as%iimptiOn5 arc based on historithl expcricncc and oth¢r laclors Lhal are
onsidered to be rcltvant. Actual results may differ Irom Ihese eslimAt¢s.
The estunates und Ullderlyin8 assumptions are revi¢w¢d on an ongoin8 basis. Revisions lo occounliDg estiinates
are recognised ill the period An which tile ¢stkmale is revis¢d where the revision aifects only that period, or in the
period of the revision and fvtur¢ p¢rI￿S where the revision atlecls both current and liiture periods.
Page 15

Port Vale Football Club Foundatlon
Notes to the Financial Statements for the Year Ended 31 August 2024
Income &nd endowments
DoMailoii.¥ legaeie
Cash donations 8re recogiiised on receipt. Other donation.s are recogni8ed on¥¢ the charity has been notifi￿ of
the donation. iinlesg perfornlance conditioi)s reqiiire deferral of the amthint. Income tax recoNerabl¢ in relation
to donalions received under Gift Aid or decds of covenant is reLognised at the tijne of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impendin¥ disti'ibution. the
amount is know. and rec¢ipt is expe¢t¢d. If the amount is not known. the legacy is treated a ¢ontingent a%set.
GwKts receivable
Grants are recognised onec the charily ha8 enliilemeni to th¢ income. it is probable that (he in¢ome will be
'eived 4md lh¢ amouni ofihe income receivable can bc mCUSUTcd relillbly.
Expendlture
All exp¢nditur¢ is r￿o￿n{s¢d on¢e there is u legal or conslructive obli¥otion to that expenditure, it is probable
s¢(tleinent is required anLI the amoiinl cali be measured reliably. All costs are allo¢aL¢d 10 tli¢ appli¢able
expendimr¢ heading that gggregat¢ similar LOSts to thai caiegory. WherL Losts cannot be direLtly attributed to
particulai. hcadings they have been allo¢al¢d on A basis consistent with the use of iesourc¢s. wirh central staff
costs allocated on the b8sis of timc spent. and deprecialion charges allocated on Ihe portion of the assei's use.
OtliLr siipport Costs are 811o¢ated b45ed on the spread of staff costs.
Charliable actlvlil
Churithble ¢xpendilure comprises tliose Losls incurr¢d by the charily in Ihe delivery of its aLtiviiies and ¥erviG¢s
for ils beiiLfiLiariLS. It inLlud¢s both Losts that Lan be alloLaied directly to suL.h aLtivitie5 and thosc costs of an
indi￿¢ nature necessary to suppoit them.
Support ¢ost$
Support co4ls incliide ccntral fllnclion5 and have beett allocaied to activity ¢051 Colcgories on a tJll%is con8iStenl
wilh th¢ use of resources. lor examplc. allo¢olin¥ prop¢rLy Costs by floor areas, or per capiia, slatl costs by the
tiinc spcni and other costs, by their Lisage.
Txx*tLo
The Lhai'iry is considered lo pass Ihe tests set out in Paragraph I Schcdule 6 of th¢ Finance Act 2010 and
thern.fore it the defiriition of a Chai'itable iompany for UK LorpoTation tax PUTpo8es. A¢Lordin8ly, th¢
chArity 15 Potenlially cxcmpi from iaxation in rc5peLt of income or ¢ftpitAI blains rL'CLived within catc¥ories
Lova'¢d by ChaptLY 3 Pari I l of the Corporalioi) T8x ALt 2010 or SeLlion 256 of IhL Taxation of Chargeable
GY4ins Act 1992. to the ¢xt¢nt that suLh inLome or gains arL' appli¢d ¢xLlusiv¢ly lo Lharitable purposes.
TAnglble fixed A55¢ts
Tallgiblc fix¢d purchases are initially rccordcd at ¢osi. less any subsequent accurniilated dcprecialion and
irnpainnent losses.
Depre¢iation and amortlSOtion
D¢piL¢lation is proi'ided on tangible fixed 8ss¢1s $0 to write off the c05t OT valuaiion. 1¢sg any estimated
residual valu< over their eXp￿ted useful economic lif¢ as folloivs:
Page 16

Port Vale Football Club FouDdation
Notes to the Financial Statements for the Year Ended 31 August 2024
Asset ¢l*ss
o(rice Equipment
D¢prc¢i*tion method And rAte
330/0 S(rahghL line
Trode debtors
Trade debtors are amoullts du¢ from donations al￿ ¢huritable actlVLties.
Trade debtors are recogmised initiully Jt the transaction price. They are subseqiiently mea8ured at amortised cost
u$ing the effective interesi n)ethod, less provision for impoirn)cnt. A provision for the impoirm¢nt of trade
debtors is ¢stablish¢d when ihere is objeclivc evidcn¢e thai thc Lharily will not bc dbl¢ lo collcLI ail amounis due
aeLording io Ilie original lernis of Ihe receivables.
Cash and e*$h equlvalonts
Cash and cabh cquivalcniy comprise cash on hand and call deposits. and othcr short-tenn highly liquid
invL4Stmenl8 that are I.e￿IlY convertible to a known amount of cash and ar¢ subject to an Insi￿lficant risk of
change in value.
Trade credltorj
Trade creditors are obligatioos to puy for goods or services thai have been acquireil in the ordittary course ot
In￿l￿ess Irom suppliers. Accounis payable are classiti¢d as current liabilitie8 it the charity do¢s not have an
unconditional right, nt th¢ ¢nd of tl)e repoTting PLriod. to defer setil¢ment of the creditor for ut Icast tw¢lve
iiionthi> 41fter the reportii)g dale. If there is ai) uncondilioithl right to defer 8eiilemenl for at lethst twelve months
aft￿ the repvrting dute, Ih¢y are pre8enled us non-currenl liabilities,
Trddc Cr￿￿ltorS are r¥Losni.4ed initially at the trdnsllction pricL and qubsequently mL&$ured at amortisyd Lost
usin¥ the L.ffLCtivL intere81 miW4thod.
Charltsble funds
Unr¢stricl¢d fi]nds 8r¢ available for use at the discretion of th¢ ffi181ecs in furtherance of their charilpbl¢
obj'eclii'es.
Resirictcd funds arc subject lo spccAlic conditions by donors or grantors as to how th¢y may be uscd. Thc
purposes and uses oftli¢ restricted funds are sel OUL in Ilie notes to ihe fI￿nClu1 statemenls.
Elldowmeni funds are subjcGt to sp¢¢ihe conditions by donors rhat the capital musl b¢ inaintained by the charity.
Penslons and other post retiromettt obllgntlons
PayinLI)Is to d¢fin¢d Lontribution retirLlliciit bciiifil SLh¢nies ar¢ charged as &n expense as ihey fall due.
Fln*nelAI Instruments
cla35ific4ilon
Financial assL%ts and finan¢ial liabilities are recognised when the charity becomes a party to the contraLttwl
provisions of the instrLiment. Finllncial liabilities and equlty instruinents are classified 8¢¢ording to the siibstaTh¢e
of the contractual arrangements entered into. An quity instrument is any ¢ontract that evidences a residual
intcrest in the assets ofthe charity aficr ddu¢¢ing all ofits liabili(ies.
Page 17

Port Vale Football Club FounqlY4tion
Notes to the Finan¢ial Statements for the Year Knded 31 August 2024
Recognition mea.f4remen¢
All financial assets and liabfrlities are initially measured at lrnnsaction pric¢ (including transaction costs). except
for those financial a$5ets classified as at fair value through profit or loss, which nre inifially measured at fair
valu¢ (ii,hi¢h is nornlally Ihe transaciion pri¢¢ ¢xcluding transaction coms). un]ess the at'rangernent constitutes a
rinanLing Iransaction. Ir ali arrarbgemeni LonbtitU(ety a tinancing trnn6thLtion. Ihe finan¥ial asset or financial
liability is measured at the present value of the flitu￿ paym¢n¢s discounted at a market rdte of interest for a
similar debi ii)strument.
Financial assets alld liabilities are only olTsel in the statemenl of finall¢ial pDsition ¥vhen. and only whLn thLYe
exists a legally enforceable right to sei off the recognised amounts and the charity intends either to settle on
net basis. or lo realis¢ the asset and settle the liability simultaneously.
Financial assets are derccognised wlicn and only when a) the coDtraclual ri¥hts to the cash flows from the
rii)ancidl a$8Ct expire or ar¢ .4e¢il¢d. b) the chirily transfers lo another parly siibslantially all OF the risks und
rewards ol. ownersliip of the financial asscl, or ¢) the charity. dcspile knving relaine41 some, bul noi oll.
significant risks and rewards vf ownership, lias lrnnslerred Lonirol of ihe assei io inoilier pgrry.
Financial liabilities are derecognised only when Ihe obligo1ion specified in the ¢onira¢l is diseharged, cancelled
or expl￿s.
Page 18

Port Vale Football Club Foundation
Notes to the Financial Statements for the Year EftdL'd 31 August 2024
Debi IAslruinenls
Debt instruments whiLh meet the following conditions are subsequently nieaswed at amortised cost using ihe
effective interest mdhod-
(a) The Gontractual relum lo th¢ holder is (i) a fixed amount; (ill a positive fixed raie or a positive v8riable rate.
or (iii) a combination of a positive or a negmtive fixed rnte and R positive variable rate.
(b) Th¢ contrdcl may Provide tor repayrnents of the principal or the retur]] to the holder (but not both) to be
linked to a single rel¢van¢ observable iDdex of generdl price inflalion of th¢ curren¢y in which the debi
instriiment is denominated, provtded such links are not levern8ed.
(c) The Lonlract may provid¢ for a d¢i¢rniinabl¢ v8riaiion of thc rctum to th¢ hold¢r during the life of the
inslrumeni, provided thal (i) Ihc nciv raie satisfics condition (a) ond (he variation is not contingent on futLire
evcnts other than ( l ) a ch8iige of & ¢ontrJctual variable rate-12) lo protect Ihe hold¢r against credil dcleriorllion
ol. the issuer:13) changes in levies applied by a central bank or orising Irom changes in relevani taxa(ion or law:
or (ill tlie new rate is a markel rale vf inierest and sutisfies condition la).
(d) There is no contraclual provision thot could. by its lernis, result in Ihe holder losing the principal amount or
any interest attributable to the currcnl p¢riod or prior periods.
(e) Contractual provisions thai permit the igsuer to pr¢pay g d¢bt instrument or pem?it th¥ holder to put it back to
the issuer belore inoturity are not conlingenl on tuiure events. other tlian lo protect the lioldcr ggBin5t Ilic cr¢dil
deterioration of tlie igsuer or a change in conln)l of the issuer, or to p￿ie¢l the holder or is&uer ogainsl chwi¥e8
in levi¢s appli¢xl by 8 central bank or arising from chan8es in relevant taxotion or law.
(fj Contractual provisions may perniil the extension of the lenn of Ihe debt instrnmen¢, provided that thL retum
to the holdeT And any other conlT8Ctual PTOVi.4ions applicable during the cxt¢nd¢d t¢nn 581isfy the conditions of
paragraphs {a) to (¢).
Debi instrumenls that are classified as payable or rcccivable ivithin one year on initial reco￿lI10]I and ivhich
meet the above condiiions are meaSLired at the undi4counled ainoullt of the cash or other consideration expe¢t¢d
lo be poid or r¢ceivcd. nel of impairn1enl.
Wilh the exceplion of some hedging iL8lruments. other debi inslrurnenls not meeting these conditions are
measured at fair valiie throiigh profil or loss.
Conimilmenls lo mokc and receive Iotsn5 wl)i¢h meet tlie conditions tnenlioned tsbove nre measured OE cosl
Iwliich Inay be nil) l¢bS impainnenl.
Fair value itteasvrenieiit
The best cvidence ol. fair valu¢ 1$ a quoted price for an identical a55et in un active markct. When quot￿ prices
are unai'ail4bl¢, the price of a ￿en1 iransaclion for an iden(ical asset provides eviden¢e of fair value as long as
tIILfL has not been a signifi¥ant change in econoiniL ¢ir¥umslancL¥ or a significant lapse of tim¥ sini¥ the
tran$￿tIon took place. Ir the n)ark¢i is nol aclive and rcccnt trnnsaciions ol. an identical asset on their own ar¢
not a estimatr ot. tair value. th¢ fair value is cstimated by using a vgluation t¢chniquc.
Page 19

Port Vale Football Club FoundY4tion
Notes to the Financial Statements for the Year Ended 31 August 2024
3 Ineome from donatloJbS and legieies
Unrestricted
funds
CenerAI
Restrieted
funds
Tot*R
2024
Donations and legacies;
Donations troni individuals
Grants. including ¢apilal grants
291,651
90.911
30,280
338,463
321,931
429,374
-382,562
IC)8,74.3
751,305
Unrestrlcted
tund$
Gcneral
Restrfcted
fund$
Tot81
2023
Donations and legacies.
Donationb froni iiith'viduals
Grants. including Lflpital grants
295,946
89,099
4,669
404,376
300,615
493,475
409,04.5
794,090
4 Income from chArlt4ble Actlvl¢le8
Unre$trl¢¢ed
runds
General
Restrl¢ted
Ihiid8
Totol
2024
Partics
Coaching and clubs
Tickd5. Trophi&4 and Match days
15.868
109,019
38,946
15.868
17,339
38,946
8.320
163,833
8,320
172,153
Unres¢rlcted
funds
Gener41
Re5trlcted
funds
Total
2023
Parlies
CoaLliing and Llubs
Tickets, Trophics Mnd Mmtch days
Other ineornc
3,614
265.243
48,711
39.Ci65
3,614
270,243
48,711
5.000
13,475
357,233
18,475
375,708
Pagc 20

Port Vale Football Club Foundatlon
Notes to the Financial Statements for the Year Ended 31 August 2024
5 Expendlture on ¢h&ritllbl¢ actlvltles
Uttrestrlcted
funds
General
Restrlcied
funds
Total
2024
Staff costs
Coaching l￿d cliibs
Governance costs
Deprcciation
462.968
141.679
11,540
1,014
237,224
83,833
6,792
325,512
1.014
617.201
427.849
1.045,050
Unrtslrlcted
funds
General
Restrlcted
fund$
Totol
2023
Staff costs
Coaching and club
Govema#¢e cosis
507,956
199.965
10.900
284,962
136,338
792,918
336,303
io,()00
718,821
421.300
1,140,121
6 Net Ineomlngloutgolnx regource8
Nei (ou¢goin¥)lin¢oming resources for the yerw include..
2024
2023
Audit fee5
Indepelldent exainination feey
9.000
5.750
7 Trustees remuneratlon and expenges
No trust¢es, nor any persons Lonnecled witl) tliem. have receiv¢d llny remuneration from the cliarily durin£ the
year.
No In￿¢￿¥
Ls have rec¢iv¥d any Irimbur5cd L'xpenses or any othLr ben¢fits from thL charity during the y¢ar.
Page 21

Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Emded 31 August 2024
8 Stsff costs
The a8gr¢8ai¢ payroll ¢osls w'ere 45 follows:
The monthly averoge number of p¢rsons (including senior management I leadership team) employed by the
Charity durillg Ibe year expressed us full time equivalellls was as follows..
2024
No
2023
Avera8e niimb¢r of employees
50
65
Contributions to the employee pension schem¢s for thL year totslled £13,904 (2023 - £10,518).
During the yeftr. the charity made redundancy andlor terminalion p&yments ivhich tolalled £Nil (2023
£13..1.33).
No mployee received emoluments of more than £60.000 durin8 the y¢aT.
The totsl employee benefits of the key managemeni personnel of the charity were £40.616 (2023 - £41.894).
Page 22

Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
9 Taxatlon
The charity is n r¢8islered charity and is therefore exempt from taxation.
10 Tangible fiAed Asstts
F￿r￿]lure and
equlpm¢nt
TotHI
Cost
Additions
6,989
6,989
Al I l August 2024
6,989
6.989
Depre¢lalion
Clwge lur the year
1,014
1,014
Al 31 August 2024
1,014
1,014
Net book value
At 31 Au8USt 2024
5,975
5,975
11 Debtors
2024
2023
Trad¢ debiors
Pr¢payments
Other debiors
33.351
9()7
67,475
55.473
34,779
101,823
91,602
Page 23

Port Vale Football Club Foundation
Notes to the Finaneial Statements for the Year Ended 31 August 2024
12 Creditors: amounts falllng due within yeHr
2024
2023
Trade creditors
Other laxation and social sccllrity
Orher creditors
Accruals
20.380
20,744
7,635
3,196
107.169
63.005
8,999
103,695
138,744
13 Funds
Balhnee At I
S¢ptember
2023
Inttsmlng
r¢$ourc¢s
Regources
expended
Balance 4131
August 21124
Unre5tr1Lted fuDds
Geiiei*l
General fund8
93.518
546,395
{617,201)
22,712
Restrleted funds
EfL Conimunity Grants
EFL CominLinityFil f48ns
EFL Commwiily NCS Grant
Preniier l.em￿1¢ Priinary Kicks
Premier League Priinary Stars
Siokcryon-Trent Cily Council
National Lortery Awards for All
CoiMi)unity Ciranls
Twinning and Literacy PrOj￿l
The Communiry Foundation
The National Lotlery-Golden
Valiants
Th¢ Hubb foui)dation
Other
Str¢elgamcs UK
Siafford,shire County Council
Thc Borclays Community
Eryootball Fund
Pr¢niier League fans fund
Premier League Core
53.442
10,(MK>
14,400
35,(KK)
35,INA)
30.980
87,580
(53.4421
(i 0,000)
(14,400)
135.000)
(35.000)
(5.3,673)
187.5801
(1.791)
(23,807)
(26,947)
22,693
.791
4.000
1.947
19,1307
25.IXK)
12.609
(12.609)
{24,454)
(7.746)
(2.$00)
(2,900)
24.454
7.746
2,-fj00
(1.000)
125,000)
(i o.uooi
25.0(K)
10,000
Total restricted funds
50,786
-177,063
427,849)
Total funds
144.304
923,458
11.045.050)
22.712
Page 24

Port Vale Football Club Foundatio
Notes to the Financial Statements for the Year Ended 31 August 2024
at I
September
2022
Incomlng
resources
Resources
expended
BAl*nce at 31
August 2023
Unrestritted funds
General
General ￿ndS
70.070
742278
(718,8.10)
Restrlcted
EFL Community Grdnls
EFL Con)miinilyFit Fans
EF,L Cominunily NCS Grant
F.FL Oih¢r
PrL'mi¢r LLagu¢ Primary Kicks
Premier League Primary Stars
Sloke-on-Trelll City Coiiiicil
Dudley College of T￿hnolOgy
National Loltcry Awards for All
Police & Crime ('.ommi&sioners
ASB Projc¢l
Community Grants
Twtnning and Literacy Project
YMLA YES Projeci
Youth Ju8tic¢ Sport Fund
The Comniunity Foundation
Thc NRtional Lottery-Golden
Valiantb
Th¢ Hubb Foundation
GarfiLld Wesion Grant
Other
1.096
3.387
19.0961
(9.0721
(49.626)
13.8001
(37,916)
140,8341
(107,473)
13,000}
15,5501
5,685
49.626
3,800
35.(KK)
35.(Krf)
98.833
2.916
5,834
31,333
22.693
5,550
{5,000)
113.624
(65,8371
(23,313)
(13,588)
(6.-386)
15.415
69.837
23.313
13.-$88
1,791
4,000
1.947
24,396
7,-$00
(11,787)
(7,500)
12.609
10.644
2.898)
7.746
Total restrleted funds
M.566
427,52
421,31K>)
50.786
Totsl funds
114.676
1 169 798
1,140,1.10
Page 25

Port Vale Football Club Foundation
Notes to the Financial Statemcnts for the Year Ended 31 August 2024
The 8peciftc purposes for ivhich the funds arc to be applied are as follows..
EFL Coinmunity Grants- Fundin8 from the English Fooiball League Trusl to provide community activities
using the power ol Port Vale FC in the local community io engage and cornie￿ people lo positive activities.
EFL Coillmunity Fit fans- Fundiiig from the Eiiglish football League to provide targeted weight inanageinelll
prograinc, using the power of Port Vale rc to engage people in wcight loss activity $upported by local Iiealth
parlnershtps.
EFL Community NCS- Funding to delivei. a targ¢t¢d pi'ogramme for sLh(K)I leavLrs aged 15. 16. 17 attending a
slru¢tured lif¢ skills and edu¢aiional d¢velopmen¢ progr&mm¢ d￿rIng Ihb summer holidllys inLluding skills
bousters, wurksliops and on¢-oll' Cv¢n￿ ul Pol'l Vale.
Pi'Lmier Leagu¢ Primary Kicksp Funding from the Premier Ix&guL and Port Vule FC I(￿allY lo inspir¢ teenh8ers
and youn¥? Rdulis lo learn, grow and to conn¢¢t with their community, redueing their involvement in rislry
behaviour. ASB and turning them iowards positi*e ￿tIvItIes, whilst ¢n8bling them to develop importalll lifc
skills.
Premi¢r Lep4gu¢ Primary Stars- r,unding from the Prcmi¢r Leagu¢ folloii'ing on from the Scliools Sports intiative
using the appeal of Ihe Preinier League and prof¢ssional football Llubs to iiispire priJn¥ry school Lliildren to
learn. be active 8Dd develop iinportant life sk711s.
Siok¢-on-Tr¢nt City Council- TWinnin￿¢1}t0ring- funding from Stokc oil Tr¢nl OpportUDlty Are8 to support
the incnloring. ￿rSOnal dcvelopinLnl and traiThing of i¥r¥eted young p¢ople in Siokc on Treni secondary
8chDols. We OTe %upportin8 Wlth the devclopmenl of life skill$ traiftin& sell4levelopm¢nl and ac¢¢ss to sporling
ac(iviiies.
CIF %ranl- Fundin¥ from StokL' On Trcnl City C.owi¢il Community Invcstmcnl Fund to support ihc cllpilal build
project of the Port Vale comniuniiy ki(clien and iL¢ms inside
Dudley College of Technology- Appren(icesl)ips funding.
Nalional IA)ttery Awards for All- Di59bility project funding.
Police & Crime Commi8sioner5 ASB Project- ASB proj¢ct ￿lld¢d by PCC.
Twnning and Lil¥rftLy ProjeLt- A project delivering ¢duLation, litei'acy and football coaching in a women'$
prison to offenders due for releas¢. funded by the HM Prison Service via Twinning.
YMCA YES Project- An eu)ploygbility and skills projLYt for young peoplc at risk of being NEET (Nol in
Education. Employment or Training).
Youih Justice Sport Fund- A young p¢ople's project supporting young people at risk.
The Community Foundation- A T¢cns Mcnthl Hculih projcct supporting young people with Ihcir mcnlal
wellbcing.
The Nationlll Lottery-. Golden Valliants- Related lo ￿sU￿1 and external delivery corning into se55ions.
The Hubb Foundalionry A lo¢aL volunlecr project to support voluntcers being wmmunity coJllJectors and
supporting people in the IoLal wmmuniry.
Page 26

Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
Garfield Weston Grnnt- A con¢i'ibution to salaries for older people programme.
The Barclays Communiiy Football Fund - H¢lp you make football more acce54ible foT underr¢presented young
people in your community.
Streetgames UK- Further their mission lo irdtssform th¢ lives of young people living in low-incom¢, ulld¢gerved
communities through sport and phystcal aciivity.
St&tTord$hi￿ County Council - Pro%'idc dIffer￿lt f&cilities oi)d opportunities in line with their initiatlV¢5.
Pren)ier Leaguc fans fund - The Grant must be used towards delivery of the Projcei from l December 2023 to
30 Noi'¢mber 2024.
Pren)ier l¢ague cor¢ The Giant Inust be used towards dcliv¢ry ol. tli¢ Proj¢ci from l Dc¢¢mb¢r 2023 10 30
Noveniber 20?4.
The rL'Stricted fund$ of the charity Comprise the unexpended balances of donitions and grants held on tnist
subject lo specific conditions by donor5 as to how thLy may be used.
Unrestrlcted Fund%
The unrestricted fiinds of the charity comprise the unexpended balances of doDlltions and 8rRniS ivliich are not
subjL¢t to specific coiidillolls by donors uild grJniors as to hoiv Iliey n)ay be used. These uiclude dcsignaled
runds ivhich have been sei aside oui of uDresiri¥Led funds by the trut>te¢s for speLific purposes.
14 Analysls of net A$set8 behveen funds
Unregtrieted
funds
Cellcral
Total funds at
31 August
2024
22,712
Current asse15
Unrestrl¢ted
runds
General
I'otal funds at
31 Augus1
2023
Restrlcted
funds
144,304
Current as8cls
93,518
50,786
The charity had iio mtsieriDI debt during the year.
IS RelAt*d PArty tran8*etlons
During thc period tl)e charily ¢ntcr¢d into Ihc following Iransa¢tions witli Port Vale Football Club Limited. a
coinpany in which thre¥ uf tiie Iruslees are alsv a direLior.
During the period to 31 August
024. sales wer¢ made to Port Vale Football Club Limited on nomal
¢ommeirial terms lo the vllluc of £NIL 12023: £24.9971. In addilioA, purchlls¢s were mode from Port Vale
Football Club Liinited on nornial coinmercial term¥ to Ili¢ value of £70,688 12023.. £156,575). At 31 August
2024 th¢re was an amount of £NIL (2023.. £19,912) due from the company.
P8ge 27