Company registration number: 09408894 Charity registration number: 1161401
Port Vale Football Club Foundation
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 August 2025
Port Vale Football Club Foundation
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Strategic Report | 2 to 4 |
| Trustees' Report | 5 to 9 |
| Statement of Trustees' Responsibilities | 10 |
| Independent Auditors' Report | 11 to 14 |
| Statement of Financial Activities | 15 |
| Balance Sheet | 16 |
| Statement of Cash Flows | 17 |
| Notes to the Financial Statements | 18 to 34 |
Port Vale Football Club Foundation
Reference and Administrative Details
| Trustees | Mr Matthew James Parker |
|---|---|
| Mr Simon Peter Whitehouse | |
| Ms Keely Dawn Brown | |
| Ms Julie Sadler-Wright | |
| Ms Carol Ann Shanahan | |
| Mr Andrew James Taylor | |
| Ms Claire Louise Halket | |
| Mr Andrew Richard Burgess | |
| Mr Matthew John Hancock | |
| Mr Michael Jones | |
| Mr Ikram Hussain | |
| Senior Management / Leadership | Mr Will Turner |
| Team | |
| Charity Registration Number | 1161401 |
| Company Registration Number | 09408894 |
| The charity is incorporated in England & Wales. | |
| Registered Office | Port Vale Foundation |
| Hamil Road | |
| Stoke-On-Trent | |
| ST6 1AW | |
| Principal Office | Vale Park |
| Hamil Road | |
| Stoke-On-Trent | |
| Staffordshire | |
| ST6 1AW | |
| Auditor | Azets Audit Services Limited |
| 7-9 Macon Court | |
| Crewe | |
| Cheshire | |
| CW1 6EA | |
| Bankers | Natwest |
| 75 High Street | |
| Newcastle-under-Lyme | |
| Staffordshire | |
| ST5 1PN |
Page 1
Port Vale Football Club Foundation
Strategic Report for the Year Ended 31 August 2025
The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 August 2025, in compliance with s414C of the Companies Act 2006. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the Charity.
Achievements and performance
This year has seen continued strong impact of the charity in supporting the local community. Our governance structure has remained strong and we have again increased our score against Capability Code of Practice for the Premier League. Our sub groups for People and Policy, chaired by Trustee Matt Parker and Finance & Risk, chaired by Andy Burgess have continued to provide confidence and consistency in our governance operation.
In the year to August 2025, we have also implemented a new delivery structure, which will allow us to deliver our new strategy effectively. We have appointed a new Head of Foundation and created a new role of Head of Community Football to oversee our football pathways.
We delivered significant results against our key objectives as outlined in our publicly released impact report, released August 2025. This was released in line with our year end and celebrated at Port Vale Foundation Awards Evening 2025, which also saw the release of our exciting new Strategy, “One Vale” which will now take us from 2025 to 2028.
Full staff away days in September 2024 and January 2025 were delivered to support on going staff and volunteer development. These included full staff briefings, delivering strategic messages and connecting different departments together, these were particularly important during the short period of change at the charity. In addition, we have retained specific targeted senior management days and the opportunity for better connection between staff and trustees.
The Foundation and Club relationship is a continuing success factor, the understanding across the whole Club and Foundation has continued to go from strength to strength, which has helped it to further develop strong local partnerships to aid quality of delivery in the service. Player engagements for men and women have grown, with Port Vale being held up as good practice to other clubs across the network.
The work that Port Vale Foundation does is underpinned by a team of dedicated staff, volunteers and trustees. The support and expertise they offer continues to expand the depth of the work, creating clearer and more defined impact to make a lasting difference in Stoke-on-Trent and Staffordshire.
Page 2
Port Vale Football Club Foundation
Strategic Report for the Year Ended 31 August 2025
Financial review
The results for the year are shown in the Statement of Financial Activities.
Incoming resources for the year totalled £1,456,266 (2024: £923,458) consisting of unrestricted income of £563,739 (2024: £546,395) and restricted income of £892,527 (2024: £377,063).
Expenditure for the year was £1,169,659 (2024: £1,045,050) with unrestricted reserves totalling £27,803 (2024: £22,712) and restricted funds £281,515 (2024: £nil) at 31 August 2025.
The Balance Sheet shows that at 31 August 2025 total reserves were £309,318 (2024: £22,712).
The understanding on the financial operation has been enhanced further in the year, there is added confidence to our understanding of the numbers and we are pleased that a further result of this is the improvement in the reserves position, which is on an upward curve.
At the beginning of September 2024, we were still transitioning from the old financial systems and coming off the back of a significant loss, which was supported by previous reserves. We have had a year of improvement in this current financial year, new systems are now working well and the live picture is more positive. Donations in the previous year were significant and have further supported the reserves in place. We have attracted new funding streams, diversified income and developed a new staff structure to be more cost effective.
Risk Management
The Trustees have considered the major risks to which the Charity is exposed and have established suitable risk management and control procedures. At present the primary risks identified relate to:
• Financial/Fundraising - increasing the number of projects the charity is involved in within the community remains a high risk due to competitive grant processes
• People- Staffing and Operations- relating to the recruitment, retention and development of key delivery staff and volunteers as well as operations.
The Board of Trustees is aware of the required procedures involved in the recruitment of staff prior to employment. Strict procedures are necessary when working with children under the age of sixteen years and adults over this age who are deemed vulnerable adults. Prior to recruitment of staff check include DBS checks, verification of qualifications and an interview process. The Trustees are involved in these procedures where deemed appropriate. In addition procedures are in place to ensure compliance with health and safety regulations by all staff. The procedures and formats are periodically reviewed and assessed to ensure that they continue to meet the needs of the Foundation to fulfil its responsibilities.
Page 3
Port Vale Football Club Foundation
Strategic Report for the Year Ended 31 August 2025
Policy on reserves
The Trustees have examined the Foundation's requirement for reserves in light of the main risks to the organisation and the possible reduction in funding.It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. The current level of reserves is shown on the Balance Sheet.
The reserves are required to meet working capital requirements including the salary commitments of the Foundation and the Trustees are confident that at this level they would be able to continue the current activities in the event of a significant drop in funding and the Trustees will endeavour to increase reserves accordingly.
During the financial year the charity did not meet its objective of holding unstricted reserves of operating expenditure. This was primarily due to the previous year end being a significant loss. In order to get the reserves fully back to the positon of 3-6 months operating costs, there would have been the need for extreme and drastic changes to the strucutre. This would have limited the charity's ability to operate their critical services at a time when the need for services was increasing, and continues to do so.
The strategic decision by the board was to review the structure of operation to enable the rebuilding of the unrestricted reserves position, whilst still being able to operate key services that were needed. and in the process evovle the operating structure to better fit need but also make more operational balance. The board consider the progress to repair reserves adequate whilst using funds for appropriate circumstances.
The end position of YE 2025 shows a small repair to the reserves and twinned with the forecast for 2025/26 believe there is an upward trajectory of the charity reserves to be able to get us to a position of operating in line with the policy. As stated in supporting letters, whilst the repair of reserves is undertaken, Port Vale FC are committed to supporting the charity whereveer required to meet its obligations if the need arises.
Plans for future periods
From September 2025 through to the next financial year, we have many exciting plans ahead for Port Vale Foundation. The launch of the new strategy is key to that, which sees us streamline services to maximise impact and embark on our exciting new facilities strategy to develop high quality facilities at the heart of the community.
The SLT structure is in place but next project leads will be put in place in line with funding that support specific projects. We will see the evolution of the strategy to focus on three key areas of building belonging, powering potential underpinned by wellbeing.
Our facility strategy will come to life as we hope to develop three new community facilities. One of our most significant areas of development within our future plans is our facility stock the Vale Park Community Campus, Plazone and Bradeley Football Development Centre.
The strategic report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr Andrew James Taylor Trustee
Page 4
Port Vale Football Club Foundation
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 August 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' (effective 1 January 2019).
Principal funding
The Charity's principal funding comes from voluntary donations, fundraising events and grant income from councils and corporate partners. During the year the total income from these sources was £1,456,266 (2024: £923,458).
The Trustees are confident that these funding streams will continue to support the key objectives of the charity for the forseeable future.
Public benefit
The Foundation carries out its objectives by providing a wide range of projects and initiatives planned to cover the key areas of sport & physical activity, education, health and wellbeing and community engagement.
These areas of activities have been identified as key in using the power of football to make a difference, inspire beliefs and change cultures.
The Foundation works closely with the English Football League Trust and Premier League Charitable Fund to ensure that activities and projects continue and receives funding from the English Football League Trust and Premier League Charitable Activities Fund for its core activities.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Objectives and activities
The Charity's objects are restricted to the following charitable purposes for the benefit of the public generally, both in the United Kingdom and overseas, and most especially the inhabitants of Stoke-on-Trent and Staffordshire with particular focus on the area around Burslem and the ST6 postcode area:
Page 5
Port Vale Football Club Foundation
Trustees' Report
-
To increase levels of participation in sport and physical activity by providing a core offer of opportunities for children, young people and adults.
-
To increase the level of aspiration and attainment by developing the essential life skills of people across Stoke-on-Trent and Staffordshire. Providing access to positive learning environments, training, and employment.
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To reduce health inequalities by promoting a broader understanding of how to live a healthier, happier lifestyle, providing activities and support that fosters improved life choices.
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To create opportunities for positive social change, by bringing people together and being at the heart of growing and diverse communities, providing a menu of needs led support to those who require it most.
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To utilise the power and brand of Port Vale Football Club to help to inspire people through meaningful experiences and connections to Port Vale Football Club and its assets including facilities, players, staff, matchdays and events
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For the general purposes of such charities or for such other charitable purposes under the laws of England and Wales in each case as the Trustees may from time to time decide.
Use of volunteers
The Foundation continues to utilise volunteers in a range of settings, supporting the execution of the programmes, which deliver our outcomes. We provide work placement opportunities across our programmes to school students, interns and college students.
Page 6
Port Vale Football Club Foundation
Trustees' Report
Structure, governance and management
Port Vale Football Club Foundation is a charitable company limited by guarantee, incorporated on 27 January 2015 and registered as a Foundation on 23 April 2015 in England and Wales. The company was established under a Memorandum of Association and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
The trustees, who are directors for the purpose of company law and Trustees for the purpose of charitable law, who served during the period and up to the date of signature of the financial statements were:
Trustees: Ms Rachel Beckett (resigned 31 January 2026) Mr Matthew James Parker Mr Simon Peter Whitehouse Ms Keely Dawn Brown Ms Julie Sadler-Wright Ms Carol Ann Shanahan Mr Andrew James Taylor Ms Claire Louise Halket Mr Andrew Richard Burgess Mr Matthew John Hancock Mr Michael Jones Mr Ikram Hussain
Structure, governance and management
Recruitment and appointment of trustees
Subject to Article 24.5, a Trustee who has served for nine years consecutively or more must take a break from office and may not be reappointed until the earlier of:
a) the anniversary of the commencement of his or her break from office; and b) the Annual Trustee Meeting following the Annual Trustee Meeting at which his or her break from office commenced save that in exceptional circumstances the Trustees may decide to disapply the restriction on reappointment set out in this Article 24.4.
If the retirement of a Trustee under Article 24.3 causes the number of Trustees to fall below the minimum specified in Article 21.1, the retiring Trustee shall remain in office until a new appointment is made.
For the purposes of this Article 24 a year shall be the period between an Annual Trustee Meeting and the next one.
The appointment rules do not apply to co-opted trustees as set out in Article 25 of the Memorandum and Articles of Association. The names of the present Trustees are set out in this report. Port Vale Football Club will hold 3 ex-officio trustee roles of the Club Owner and Two Directors.
Page 7
Port Vale Football Club Foundation
Trustees' Report
Induction and training of trustees
New Trustees are supplied with the Charity Commission publication, 'The Essential Trustee: What You Need to Know', along with the Memorandum and Articles and the latest financial statements and ongoing ad hoc training. A full day induction is provided with the Community & CSR Director for new trustees.
Arrangements for setting key management personnel remuneration
The Directors consider the board of Directors, who are the Charity’s trustees, and the senior management team comprise the key management personnel of the Charity in charge of directing and controlling, running and operating the Charity on a day-to-day basis. All Directors give of their time freely and no Director received remuneration in the year. Details of Directors’ expenses and related party transactions are disclosed in Note 17 to the accounts.
The pay of the full staff team is reviewed annually and, if financial resources allow, normally increased in accordance with projected Government inflation rates taking into account CPI and RPI. In view of the nature of the charity, the Directors benchmark against pay levels in other similar charities in the voluntary sector.
Organisational structure
During the previous financial year, there was the adaptation of roles and appointment of a new Head of Foundation and Head of Community Football. The governing structure and Community & CSR Director is supporting the implementation of the new roles.
Volunteers' contribution
Throughout the period all members of the Board of Trustees made invaluable voluntary contributions to the Charity’s work in terms of governance, professional and business experience, financial planning, fundraising and leading initiatives across the project.
Related party transactions
Transactions with related parties are disclosed in the notes to the financial statements and in accordance with paragraph 163 of the SORP (Accounting and reporting by charities: Statement of Recommended Practice (SORP 2005)).
Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on a number of factors including expectations of future events that are believed to be reasonable under the circumstances.
Disclosure of information to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Reappointment of auditor
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Azets Audit Services Limited as auditors of the charity is to be proposed at the forthcoming Annual General Meeting.
Page 8
Port Vale Football Club Foundation
Trustees' Report
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr Andrew James Taylor Trustee
Page 9
Port Vale Football Club Foundation
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Port Vale Football Club Foundation 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 Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
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 satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr Andrew James Taylor Trustee
Page 10
Port Vale Football Club Foundation
Independent Auditor's Report to the Members of Port Vale Football Club Foundation
Opinion
We have audited the financial statements of Port Vale Football Club Foundation (the 'charity') for the year ended 31 August 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 August 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Page 11
Port Vale Football Club Foundation
Independent Auditor's Report to the Members of Port Vale Football Club Foundation
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
The prior period financial statements were not audited as the charity qualified as audit exempt. The charity was instead subject to an independent examination in the prior year.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Strategic Report and Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Strategic Report and Trustees' Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Trustees' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit: and
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the trustees were not entitled to prepare the financial statements in accordance with the small companies' regime and take advantage of the small companies' exemption in preparing the trustees' report and form the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities (set out on page 10), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 12
Port Vale Football Club Foundation
Independent Auditor's Report to the Members of Port Vale Football Club Foundation
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We considered the nature of the charity's industry and its control environment, and reviewed the charity's documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of trustees about their own identification and assessment of the risks and irregularities.
We obtained an understanding of the legal and regulatory framework that the charity operates in, and identified the key laws and regulations that:
• had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the Charities Act, tax legislation, pension legislation; and
• do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity's ability to operate or to avoid a material penalty. These included GDPR, employment law and health and safety regulations.
We discussed among the audit engagement team the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimated are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.
In addition to the above, our procedures to respond to the risks identified included the following: • reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations describes as having a direct effect on the financial statement;
• performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and
• enquiring of management and in-house / external legal counsel concerning actual and potential litigation and claims, and instances of non-compliance with laws and regulations.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
Page 13
Port Vale Football Club Foundation
Independent Auditor's Report to the Members of Port Vale Football Club Foundation
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.
...................................... Jonathan Ward (Senior Statutory Auditor) For and on behalf of Azets Audit Services Limited, Statutory Auditor
7-9 Macon Court Crewe Cheshire CW1 6EA
Date:.............................
Page 14
Port Vale Football Club Foundation
Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 Note Income and Endowments from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 422,747 140,992 563,739 (558,647) (558,647) 5,092 5,092 22,712 27,804 Unrestricted funds £ 382,562 163,833 546,395 (617,201) (617,201) (70,806) (70,806) 93,518 22,712 |
Restricted funds £ 641,140 251,387 892,527 (611,012) (611,012) 281,515 281,515 - 281,515 Restricted funds £ 368,743 8,320 377,063 (427,849) (427,849) (50,786) (50,786) 50,786 - |
Total 2025 £ 1,063,887 392,379 |
|---|---|---|---|
| 1,456,266 | |||
| (1,169,659) | |||
| (1,169,659) | |||
| 286,607 | |||
| 286,607 22,712 |
|||
| 309,319 | |||
| Total 2024 £ 751,305 172,153 |
|||
| 923,458 | |||
| (1,045,050) | |||
| (1,045,050) | |||
| (121,592) | |||
| (121,592) 144,304 |
|||
| 22,712 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 18 to 34 form an integral part of these financial statements. Page 15
Port Vale Football Club Foundation
(Registration number: 09408894) Balance Sheet as at 31 August 2025
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: Amounts falling due within one year 13 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 16 |
2025 £ 255,422 150,443 37,842 188,285 (134,388) 53,897 309,319 281,515 27,804 309,319 |
2024 £ 5,975 101,823 18,609 |
|---|---|---|
| 120,432 (103,695) |
||
| 16,737 | ||
| 22,712 | ||
| - 22,712 |
||
| 22,712 |
The financial statements on pages 15 to 34 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr Andrew James Taylor Trustee
The notes on pages 18 to 34 form an integral part of these financial statements. Page 16
Port Vale Football Club Foundation
Statement of Cash Flows for the Year Ended 31 August 2025
| Note Cash flows from operating activities Net cash income/(expenditure) Adjustments to cash flows from non-cash items Depreciation Working capital adjustments Increase in debtors 12 Increase/(decrease) in creditors 13 Net cash flows from operating activities Cash flows from investing activities Purchase of tangible fixed assets 11 Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at 1 September Cash and cash equivalents at 31 August |
2025 £ 286,607 2,579 289,186 (48,620) 30,693 271,259 (252,026) 19,233 18,609 37,842 |
2024 £ (121,592) 1,014 |
|---|---|---|
| (120,578) (10,221) (35,049) |
||
| (165,848) (6,989) |
||
| (172,837) 191,446 |
||
| 18,609 |
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 18 to 34 form an integral part of these financial statements. Page 17
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
1 Charity status
Port Vale Football Club Foundation is a charity limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Port Vale Foundation Hamil Road Stoke-On-Trent ST6 1AW
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ("FRS 102") and the Charities SORP 'Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
Basis of preparation
The financial statements are prepared in sterling (£) which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. The charity is supported by Port Vale Football Club Limited which is supported by Mrs and Mr Shanahan. Port Vale Football Club Limited is underwritten by the Shanahan's and as part of this agreement, the underwrittting agreement also includes the support of the Foundation.
Page 18
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Income and endowments
Donations and legacies
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is know, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Grants receivable
Grants are recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Page 19
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income 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 extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Tangible fixed asset purchases are initially recorded at cost, less any subsequent accumulated depreciation and impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Office Equipment | 33% Straight line |
| Plant & Machinery | 25% Straight line |
| Assets are depreciated once they are fully | |
| Assets under construction | constructed and transferred to their |
| correct asset class. |
Trade debtors
Trade debtors are amounts due from donations and charitable activities.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 20
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
Pensions and other post retirement obligations
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 21
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
Page 22
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
3 Income from donations and legacies
| Donations and legacies; Donations Grants, including capital grants Donations and legacies; Donations Grants, including capital grants 4 Income from charitable activities Parties Coaching and clubs Tickets, Trophies and Match days Facilities Parties Coaching and clubs Tickets, Trophies and Match days |
Unrestricted funds General £ 236,598 186,149 422,747 Unrestricted funds General £ 291,651 90,911 382,562 Unrestricted funds General £ 740 114,488 25,764 - 140,992 Unrestricted funds General £ 15,868 109,019 38,946 163,833 |
Restricted funds £ 147,979 493,161 641,140 Restricted funds £ 30,280 338,463 368,743 Restricted funds £ 100 - - 251,287 251,387 Restricted funds £ - 8,320 - 8,320 |
Total 2025 £ 384,577 679,310 |
|---|---|---|---|
| 1,063,887 | |||
| Total 2024 £ 321,931 429,374 |
|||
| 751,305 | |||
| Total 2025 £ 840 114,488 25,764 251,287 |
|||
| 392,379 | |||
| Total 2024 £ 15,868 117,339 38,946 |
|||
| 172,153 |
Page 23
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
5 Expenditure on charitable activities
| Staff costs Coaching and clubs Governance costs Depreciation Facilities Staff costs Coaching and clubs Governance costs Depreciation |
Unrestricted funds General £ 258,862 267,224 27,724 2,579 2,258 558,647 Unrestricted funds General £ 462,968 141,679 11,540 1,014 617,201 |
Restricted funds £ 530,260 69,464 - - 11,288 611,012 Restricted funds £ 237,224 183,833 6,792 - 427,849 |
Total 2025 £ 789,122 336,688 27,724 2,579 13,546 |
|---|---|---|---|
| 1,169,659 | |||
| Total 2024 £ 700,192 325,512 18,332 1,014 |
|||
| 1,045,050 |
6 Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
| Independent examination fees Auditors remuneration Depreciation of fixed assets |
2025 £ - 6,000 2,579 |
2024 £ 3,000 - 1,014 |
|---|---|---|
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 24
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2025 £ 711,527 60,196 17,399 789,122 |
2024 £ 648,485 37,743 13,964 |
|---|---|---|
| 700,192 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| Average number of employees | 2025 No 43 |
2024 No 50 |
|---|---|---|
During the year, the charity made redundancy and/or termination payments which totalled £Nil (2024 - £Nil).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £50,000 (2024 - £40,616).
9 Auditors' remuneration
| Audit of the financial statements Independent examination of the financial statements All other non-audit services |
2025 £ 6,000 - 12,018 18,018 |
2024 £ - 3,000 8,056 |
|---|---|---|
| 11,056 |
Page 25
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
10 Taxation
The charity is a registered charity. All the company's income is applied to its charitable objectives and the Charity is therefore exempt under current legislation from most forms of taxation.
11 Tangible fixed assets
| 11 Tangible fixed assets | |||||||
|---|---|---|---|---|---|---|---|
| Assets under | Office | Plant | & | ||||
| construction | Equipment | Machinery | Total | ||||
| £ | £ | £ | £ | ||||
| Cost | |||||||
| At 1 September 2024 | - | 6,989 | - | 6,989 | |||
| Additions | 240,000 | 3,196 | 8,830 | 252,026 | |||
| At 31 August 2025 | 240,000 | 10,185 | 8,830 | 259,015 | |||
| Depreciation | |||||||
| At 1 September 2024 | - | 1,014 | - | 1,014 | |||
| Charge for the year | - | 2,579 | - | 2,579 | |||
| At 31 August 2025 | - | 3,593 | - | 3,593 | |||
| Net book value | |||||||
| At 31 August 2025 | 240,000 | 6,592 | 8,830 | 255,422 | |||
| At 31 August 2024 | - | 5,975 | - | 5,975 | |||
| Included within assets under construction are additions | of £240,000 (2024: | £nil) | in | regards to leasehold | |||
| improvements that relate to the Vale Park Community Campus. The project | in currently | ongoing with the | |||||
| leasehold property being transferred by community asset transfer via Stoke-on-Trent City Council at a future | |||||||
| date. | |||||||
| 12 Debtors | |||||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Trade debtors | 4,506 | 33,351 | |||||
| Prepayments | 1,273 | 997 | |||||
| Other debtors | 144,664 | 67,475 | |||||
| 150,443 | 101,823 |
Page 26
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
13 Creditors: amounts falling due within one year
| 13 Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Owed to related parties Other taxation and social security Other creditors Accruals |
2025 £ 7,931 37,977 14,850 61,657 11,973 134,388 |
2024 £ 20,380 1,200 11,311 61,805 8,999 |
| 103,695 |
14 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £17,399 (2024 - £13,964).
Contributions totalling £2,959 (2024: £2,552) were payable to the scheme at the end of the year and are included in creditors.
15 Commitments
Capital commitments
The total amount contracted for but not provided in the financial statements was £2,060,000 (2024 - £Nil).
The above capital commitments relate to the construction of the Vale Park Community Campus. This construction is being funded in full by Stoke-on-Trent City Council.
Page 27
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
| 16 Funds Unrestricted funds General General funds Restricted funds EFL Community Grants Premier League Primary Kicks Premier League Primary Stars Stoke-on-Trent City Council National Lottery Awards for All The Community Foundation Other Staffordshire County Council Premier League fans fund Premier League Core Bescura Community Cupboard Kellogs Football Foundation HAF Kenya Kickstart Ladies only fitness Next Steps Probation Smart Energy- Social Media Space Staffs FA Stoke on Trent College Vale Park Community Campus (Fixed asset) Wildcats Youth inclusion Total restricted funds Total funds |
Balance at 1 September 2024 £ 22,712 - - - - - - - - - - - - - - - - - - - - - - - - - - - 22,712 |
Incoming resources £ 563,739 35,000 35,000 35,000 30,582 82,580 20,283 500 13,553 33,000 10,000 48,396 9,385 21,420 11,288 22,439 95,346 2,300 3,780 10,625 2,829 1,747 1,220 112,898 240,000 4,200 9,156 892,527 1,456,266 |
Resources expended £ (558,647) (35,000) (35,000) (35,000) (28,582) (82,580) (20,283) (500) (13,553) (33,000) (10,000) (48,396) (9,385) (21,420) (11,288) (22,439) (55,831) (2,300) (3,780) (10,625) (2,829) (1,747) (1,220) (112,898) - (4,200) (9,156) (611,012) (1,169,659) |
Balance at 31 August 2025 £ 27,804 - - - 2,000 - - - - - - - - - - - 39,515 - - - - - - - 240,000 - - |
|---|---|---|---|---|
| 281,515 | ||||
| 309,319 |
Page 28
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
| Unrestricted funds General General funds Restricted EFL Community Grants EFL CommunityFit Fans EFL Community NCS Grant Premier League Primary Kicks Premier League Primary Stars Stoke-on-Trent City Council National Lottery Awards for All Community Grants Twinning and Literacy Project The Community Foundation The National Lottery-Golden Valiants The Hubb Foundation Other Streetgames UK The Barclays Community Football Fund Staffordshire County Council Premier League fans fund Premier League Core Total restricted funds Total funds |
Balance at 1 September 2023 £ 93,518 - - - - - 22,693 - 1,791 4,000 1,947 12,609 - 7,746 - - - - - 50,786 144,304 |
Incoming resources £ 546,395 53,442 10,000 14,400 35,000 35,000 30,980 87,580 - 19,807 25,000 - 24,454 - 2,500 1,000 2,900 25,000 10,000 377,063 923,458 |
Resources expended £ (617,201) (53,442) (10,000) (14,400) (35,000) (35,000) (53,673) (87,580) (1,791) (23,807) (26,947) (12,609) (24,454) (7,746) (2,500) (1,000) (2,900) (25,000) (10,000) (427,849) (1,045,050) |
Balance at 31 August 2024 £ 22,712 - - - - - - - - - - - - - - - - - - |
|---|---|---|---|---|
| - | ||||
| 22,712 |
Page 29
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
The specific purposes for which the funds are to be applied are as follows:
EFL Community Grants- Funding from the English Football League Trust to provide community activities using the power of Port Vale FC in the local community to engage and connect people to positive activities.
EFL Community Fit Fans- Funding from the English Football League to provide targeted weight management programme, using the power of Port Vale FC to engage people in weight loss activity supported by local health partnerships.
EFL Community NCS- Funding to deliver a targeted programme for school leavers aged 15, 16, 17 attending a structured life skills and educational development programme during the summer holidays including skills boosters, workshops and one-off events at Port Vale.
Premier League Primary Kicks- Funding from the Premier League and Port Vale FC locally to inspire teenagers and young adults to learn, grow and to connect with their community, reducing their involvement in risky behaviour, ASB and turning them towards positive activities, whilst enabling them to develop important life skills.
Premier League Primary Stars- Funding from the Premier League following on from the Schools Sports initiative using the appeal of the Premier League and professional football clubs to inspire primary school children to learn, be active and develop important life skills.
Stoke-on-Trent City Council- Twinning/Mentoring- Funding from Stoke on Trent Opportunity Area to support the mentoring, personal development and training of targeted young people in Stoke on Trent secondary schools. We are supporting with the development of life skills training, self-development and access to sporting activities.
National Lottery Awards for All- Disability project funding.
Twinning and Literacy Project- A project delivering education, literacy and football coaching in a women's prison to offenders due for release, funded by the HM Prison Service via Twinning.
The Community Foundation- A Teens Mental Health project supporting young people with their mental wellbeing.
The National Lottery: Golden Valliants- Related to casual and external delivery coming into sessions.
Kellogs- Delivery of summer camps for local children, including coach delivery and equipment
Football Foundation- Funds are for the purchase of equipment and machinery to enable the delivery of women and girls football underneath the Foundation operation.
HAF- Delivery of school holiday provisions and food purchases for children who are on free school meals.
Keyna- Funds are to be used for travel, activities and accommodation in the trip to Kenya, supporting young people to undertake a trip to the country, learning life skills, leadership and understanding different cultures and experiences
Kickstart- Searching and assistance with apprenticeship places
Page 30
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
The Hubb Foundation- A local volunteer project to support volunteers being community connectors and supporting people in the local community.
Bescura- Funds are used for the delivery of salaries to support the delivery of family based interventions including parent and toddler sessions, baby bank, parental workshops, parent mentoring and supporting families in Burslem
Ladies only fitness- Funds to support a series of ladies only fitness activities, including Netball, swimming, walking group and general support group for wellbeing
Next steps Probation- Funds to support the delivery of a targeted intervention programme for people on probation, taking part in sport, physical activity and educational workshops to support them back into society once sentences are completed
Smart Energy Social Media- funds for the promotion of smart energy meters to low income families in Stoke-on-Trent. A government back scheme to reduce fuel poverty
Space- delivery of school holiday provisions and food purchases for children from ST6
Staffs FA- Funds to support the delivery of women and girls football programme and disability football programme
Stoke on Trent college- funds to pay for Port Vale Foundation services to deliver a Further Education BTEC course, supporting students to gain qualifications, whilst still training and playing football, representing Port Vale against other colleges on a full time study programme
Vale Park community campus- funds for the capital build of Vale Park Community Campus
Wildcats- funds for the delivery of girls on "Wildcats" sessions that take place after school in Primary School settings, supporting more girls to get into football at school and at Port Vale FC
Youth Inclusion- funds to deliver youth diversionary activities for vulnerable young people - sessions include a weekly youth club, sports activities, holiday camps, trips and experiences. Particulary taregting young people who are on free school meals
Community Cupboard- A project to provide food, essential items and equipment
Garfield Weston Grant- A contribution to salaries for older people programme.
The Barclays Community Football Fund - Help you make football more accessible for under represented young people in your community.
Streetgames UK - Further their mission to transform the lives of young people living in low-income, undeserved communities through sport and physical activity.
Staffordshire County Council - Provide different facilities and opportunities in line with their initiatives.
Premier League fans fund - Grant is to be used to strengthen the bond between the football club, the supporters and the local community.
Page 31
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
Premier league core - Grant is to be used to provide behind the scenes infrastructure support and funding to support local societal needs.
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
Unrestricted Funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
17 Analysis of net assets between funds
| 17 Analysis of net assets between funds | |||
|---|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 15,422 88,070 (75,688) 27,804 |
Restricted funds £ 240,000 100,215 (58,700) 281,515 Unrestricted funds General £ 5,975 120,432 (103,695) 22,712 |
Total funds at 31 August 2025 £ 255,422 188,285 (134,388) |
| 309,319 | |||
| Total funds at 31 August 2024 £ 5,975 120,432 (103,695) |
|||
| 22,712 |
The charity had no material debt during the year.
Page 32
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
18 Related party transactions
Port Vale Football Club Limited
Port Vale Football Club Limited is considered to be a related party by virtue of its relationship with Ms Carol Ann Shanahan (Trustee).
During the year, income was received from Port Vale Football Club Limited to the value of £24,797 (2024: £nil). In addition, purchases were made from Port Vale Football Club Limited on normal commercial terms to the value of £144,676 (2024: £70,688). At 31 August 2025 there was an amount of £37,977 (2024: £NIL) due to Port Vale Football Club Limited.
Bescura Limited
Bescura Limited is considered to be a related party by virtue of its relationship with Ms Carol Ann Shanahan (Trustee).
During the year, income was received from Bescura Limited to the value of £nil (2024: £3,594). At 31 August 2025 there was an amount of £nil (2024: £1,200) due to Bescura Limited.
The Football League (Community) Limited
The Football League (Community) Limited is considered to be a related party by virtue of its relationship with Ms Carol Ann Shanahan (Trustee).
During the year, income was received from The Football League (Community) Limited to the value of £102,305 (2024: £87,955). At 31 August 2025 there was an amount of £nil (2024: £nil) due to or from The Football League (Community) Limited.
Synetics Solutions Limited
Synetics Solutions Limited is considered to be a related party by virtue of its relationship with Ms Carol Ann Shanahan (Trustee).
During the year, income was received from Synectics Solutions Limited to the value of £150,000 (2024: £nil). At 31 August 2025 there was an amount of £nil (2024: £41,084) due to or from Synetics Solutions Limited.
Page 33
Port Vale Football Club Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
Kevin Shanahan
Kevin Shanahan is considered to be a related party by virtue of its relationship with Ms Carol Ann Shanahan (Trustee).
During the year, income was received from Kevin Shanahan to the value of £31,000 (2024: £80,000). At 31 August 2025 there was an amount of £nil (2024: £nil) due to or from Kevin Shanahan.
The Sandon Trust
The Sandon Trust is considered to be a related party by virtue of its relationship with Ms Rachel Beckett (Trustee).
During the year, income was received from The Sandon Trust to the value of £3,420 (2024: £7,942). At 31 August 2025 there was an amount of £nil (2024: £nil) due to or from The Sandon Trust.
19 Parent and ultimate parent undertaking
There is no ultimate controlling party
Page 34