Doouslgn Envelope ID: F7FA5981-7EgO43B8Ss6EO59C00CAFB THE JD FOUNDATION TRUSTEES, REPORT AND AUDITED ACCOUNTS Registered charity number 1167090 Company number 09808812 For the year ended 31 January 2025
Doouslgn Envelope ID: F7FA5981-7E9043B94855-6EOS9COOCAFB THE JD FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Traci Corrie (resigned 4 October 2024) Nigel Keen (resigned 4 October 2024) Michael Amistrong (resigned 22 September 2025) Nicola Kowalczuk Theresa Casey Emma Chevreau (appointed 23 May 2025) Neil Bradford (appointed 23 May 2025) Chalrperson Nicola Kowalczuk {appoint8d 4 October 2024) Traci Corrie (resigned 4 October 2024) Company Number 09808812 Charlty Number 1167090 Audltors Barlow Andrews LLP Cadyle House 78 Chorley New Road Bolton BL14BY Bankers Barclays 43 High Street Sutton Surrey SM11DR Sollcltors DLA Plper UK LLP Prin8 Exchange Princes Square Leeds LS14BY Addleshaw Goddard LLP One St Peterfs Square Manchester M2 3DE Reglstered Office Edinburgh House Hollinsbrook Way Pilsworth Bury Lancashire BL9 8RR
Docuslgn Envelope ID.. F7FA5981-7E9N3B9-88554E059COOCAFB THE JD FOUNDATION CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent auditorfs report Statement of financial activities Balance sheet Statement of ca8hfiov 10 Notes to the accounts
Docusign Envelope ID.. F7FA5981-7E91)4385$6E059CQocAFB THE JD FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 JANUARY 2025 The Trustees present their annual report and financial statements for the year ended 31 January 2025. The financial statements have been prepared in accordance wilh the accounting policies set out in note 1 to the financial statements and comply with the charitys Memorandum and Articles of Associatlon. th8 Charities Act 2011 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) (effedive 1 January 2019).. Structure, governance and management Trusteos The trustses who served during the period were: Tracl Corrle (resigned 4 October 2024) Nigel Keen (resigned 4 October 2024) Mlchael Am15trong (resigned 22 September 2025) Nicola Kowalczuk Theresa Casey Emma Chevreau (appointed 23 May 2025) Neil Bradford (appointed 23 May 2025) Governlng Document The JD Foundation ('JD Foundation,) was Incorporated on 4 October 2015 as a company Ilmit8d by guarantee and is govemed by Its memorandum and articles of associatlon. The company was subsequently registered as a chartty with the Charlty Commlsslon on 13 May 2016. The directors are trustees for the pUoseS of charity law and in this report are collectlveSy refeffed to as the trustees. Responsibility for JD Foundation's dlrection and affairs lies with the trustees. Appolntment of tru8tees, Indu¢tion, and trainlng The sklll requirements for the trust body are revlewed and any vacancy arising is filled by consensus amongst the remainlng trustees to meet the necessary crfteria. When new trustees are appointed, they are given an introduction to the work of the trust and provided wlth the Information needed to fulfil thelr roles. whlch Includes Informallon about the role of trustees and charity law. Meets'ngs take place at least twice a year to rewew the charity's f nanclal matters and general operating managem8nL ObJ&ctlves and aGtlvitles JD Foundation's vision was reflned on 14 September 2023 during a Truste8 Meeting. and updated to 'young p80ple achievlng thelr unllmited potential" with our mlssion belng °building stronger youth communltles and transfomilng young people's lives through opportunities, engagement and sodal change." Principal fundlng sourc8S The twst has 3 prfncipal sources of income: Revenue arising froTn the sale of single use carrier bags in JD Sports retail stores in United Kingdom and Europe, at 50 - 1000/0 of income, net of VAT. dependent on fascia. Micro-donatlons rnade by ¢ustomeTS at the point of sale our charity partner Pennies. These donatlons are recelved across all stores including JD, Size, Go Outdoors, Blacks, Millets, HIP, TISO. Charitable fundralsing initiative5 completed by JD Group UK colleagues. Chaiities Supported This income is then distrlbuted as follows: JD Foundation's nominat8d charitles and other support projects - donations of varying amounts from the amount ralsed (net of VAT) from the sale of carrier bags in England, Wales and Scouand plus incomè from other sources of fijndraising.
Docusign Envelope ID: F7FA5981-7E9043BU85ME059COOCAFB THE JD FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 JANUAR Y 2025 JD Foundation's nominated charities during the yearto 31 JUary 2025 were: The lfjngs TNst Bolton Lads and Girts Club Bolton Wanderers Communty Trust Borough of Basketball Coppafeel C.FIY. (Cardiac Risk in Ihe YouTh3) Aaron James DIXC Memorial Fund Football Beyond Borders Foundatlon 92 Hideout (Empow Youth Zon8) lfjdscape Manchester Youth Zone NBCS Foundation on Upon A Smile Papyrus Sacrtston Youth & Communty Projec* Salford Foundation Salford Youth Zone (Empower YoLrth Zone) Sign Along Wtth Us Foundation Smlling Familles Sport 4 Life UK Street Games (ide Sports) street Soccer The MIX The Wee Haven Pn)Ject (WHY) Unseen Youngmlnds Youth Justlce Flnanclal ravlew The Statement of Flnanclal Activlties forthe period Is set outon page 8. Flnanclal accounts are reviewed by all truste88 regulady and th8 annual financlal statements a subject to audit by reglstered audltors. Achlevements durfng the year The perSod covered by thls report and attached financial statements is 1 February 2024 to 31 January 2025. Durlng this period the actlvlty of JD Foundation comprised Ihe lpt of income from JD Sports Fashlon PIC of £2,505,609 (2024: £2.622,242) and subsequent donations to the nominated youth and environmental charftles of £1.358,377 (2024: £1,071,394). During the year, we continued to SUppt numerous organlsalions through our charitable donatlons, as outlined above and in note 5 to the aGGounts. Prfnclple fundlng source The Foundation is dependent on all Income (net of VAT) artslng from the sale of slngle use carrier bags in JD stores In England, Scotland. W81es, Northem Ireland and other European ¢ountrles, as well as micro4onations from customers at the store point of sale and colleagu8 donatims & fundraising. Plans for the future The trustees and the senlor leadership team have been worklng hard to ensure that JD Foundation is havlng as much Impact as posslble for the chosen benefioaries, and as a result of thks. JD Foundation has been through a full r8brand of its vlsion, mission and values in recent months. Since 2015, JD Foundation has supported a wide range of Charities across UK who hav8 been prfmarily focused on provlding opportunities ft)r young people, and we have now decided to double down on this as our sole focus based on feedback from our JD Group colleagues, our charity partners and feedbad( from our consumers. As discussed in last yearfs Trustee Report, we have redeveloped our Strategy which breathes fresh alr Snto the focus of JD Foundation, whilst embedding the tharity arm of the group into the corporate strategy for JD Sports Fashlon Plc.
Docusign Envelope ID.. F7FA5981-7E9LV4389485&6E059COOCAFB THE JD FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 JANUARY 2025 Plans for the future (continued) Our new strategy is broken down Into 2 key areas: Community This consists of the provision of Grants and Partnerships to charitable organisatlons who align with our vision and that operate across communities within the UK. This strand is made up of a colleague-led Grant Giving programme. alongside our existing Charity Partnership model, Opportunity o Thls consists primarily of programrnes and partrierships that help us to achieve our vision, on a more strategic and national level. Examples of this include our JDUP careers and opportunity programme, as well as our partnership with King's Trust. We are looking forward to this next iteration of JD Foundation in the knowledge that we continue to improve our working practices to allow us to better support our communilies, colleagues, and consumers, buildlng on the lif&changlng work that our Trustees have led on since JD Foundaiion was fIt fonned in 2015. ReseNes The trustees have reviewed the resenies of the trust. The pollcy is to meet its commitments given to specific nominated charities each year. Unrestricted general funds (free reserves) total £194,521 (2024: £1,318,545) and designated funds total £2,091,878 (2024: £1,361.322). The trustees confirm that they are ultlmately accountsble for setting and mon"rtoring the level of resenies kept by JD Foundation and will keep the reseNes policy under review to ensure it MaInS appropriate. Rlsk factors The trustees have assessed the maior risks to whlch JD Foundatlon is exposed and have established systems and procedures to manage them. In particular fraud and finanaal control are kept under review. The truste85 belleve that all major risks are mitlgated. Related partles JD Foundation recelves its Income from. but Is independent of, JD Sports Fashion Plc. The tNstees take all decisions In the best interests of the furtherance of thé charfty and Its chaiitable objectives. Public benefit statement The trustees confirm that JD Foundatlon complied with the Charlties Act 2011 in the period. Each year, the trustees revlew the objectlves and acuvities of the charity to ensure that they continue to reflect their alms and provide a publlc benefit. The trustees are satisfied that they do. The trustees have pald due regard to guldance issued by the Charlty Commission in relation to adivitles for the public beneflt in deciding what activitles the charfty should undertake. Disclosure of informatlon to the auditors So far as we are aware, there is no relevant audll infonnalion of which JD FoundaUon's auditor is unaware and we have taken all steps that we ought to have taken as trustees to make ourselves aware of any relevant audit Informatlon. Audltors A resolutlon for the reappointment of Badow Andrews LLP as auditors Ss to be proposed at the forthcoming Annual General Meeting. The trustees recommend that Barlow kndrews LLP remain in office until further notice. I declare in my capacity of charlty trustee that the trustees have approved the Teport above and have authorfsed me to sign it on their behalf. DoEuSiun•d by-. E)eceMbe/ gog 5GI672AOÉFe9416:..... Signed by Nlcola Kowalczuk, Trustee
Docuslgn Envelope ID., F7FA5981-7E9(H3Bu8556E059COOCPFB THE JD FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 JANUARY 2025 Unlted Kingdom law applicable to charlties in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the incoming resources and application of the resources of the charity during the year and of its state of affairs at the end of the year. In preparing the accounts the trustees should follow best practice and.. select suitsble accounting policle5 and then apply them consistently. make judgements and estimates that are reasonable and prudent. state whether appllcable accounting standards and statements of recommended practice have been followed,. and prepare the accounts on th6 golng concem basis unless it is Inapproprfate to assume that the charity will be able to continue to meet its objeclives. The trustees are responsible for keeping proper accountlng records which disclose with reasonable accuracy at any tlme the flnandal position of the charity and which enable them to ascertain its financlal posltion and to ensure that the accounts comply vAth the Charities Act 2011, the Charlties (Accounts and Reports) Regulatlons 2008 and the Trust Deed. They are also responslble for safeguardlng the assets of the ch8rfty and hence for taking reasonable steps for the preventlon and detection of fraud or other irregulwities
Dorusign Erbvelope ID-. F7FA5g81.7E9o43B885s.6EO59c00cAFB THE JD FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JD FOUNDATION Oplnion We have audited the financial statements of JD Foundation for the year ended 31 January 2025 which comprise the Slatement of Financial Activibes, the Balance Sheet, the 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 preparatlon is applicable law and United Kingdom A¢counb'ng Standards. including Financial Reporting Standard 102 the Financial Reporting Stanflard applicable in the UK and Republic of Ireland (Unlted Kingdom Generally Accepted Accounting Practlce). In our oplnion the financial statements: glve a true and fair view of the state of the charitable companrfs affairs as at 31 January 2025 and of its Inwming resources and application of resources for the year then ended. have been properly prepared in accordance with Unsted Kingdom Generally Accepted Accounting Practlce., and have been prepared in accordance with the requlrements of th8 Companles Act 2006. Basls for oplnion We conducted our audit In accordance with Intematlonal Stsndards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responsibillties under those standards are further described in the Auditorfs responsibilitie5 for the audit of the financial statements section of our report. We are independent of the charitable company In accordance with the ethical requirements that are relevant to our audit of th8 financlal statements in the UK. induding the FRC'S Ethical Standard, and we have fulfilled our other elhical responsibilities in accordance with these requlrements. We believe that the audlt evldence we have obned is sufficlent and approprlate to provide a basis for our opinlon. Concluslons relatlng to golng concem In audltSng the financial statements. we have conduded thatthe twstees. use of the going concem basls of accounting in the preparatlon of the financial statements is appropriate. Based on the work we have performed. we have not Idenllfied any material uncertalnties relating to events or condltions that, Indivldually or collectively, may cast signSllcant doubt on the charity's ablllty to contlnu8 as a going concem for a period of atleast twelve months from when the financial statements are authorfsed for Issue. Our responsibilltles and the responsibililles of the tNgtees wlth respect to going concem are described in the relevant sections of thls r8POrt. other Informatlon The other informatlon comprises the infomiation included in the annual report other than the financlal statements and our auditorfs report thereon. The trustees are responslble for th8 Other infonnation contslned withln the annual report. Our opinlon on the financial ststements does not Cover the other information and we do not express any fomi of assurance conclusion thereon. Our responsibility Is to read lh8 other information and, In doing so. conslder wheth8r the other information is materially Inconslstent wlth the financlal statements or our knowledge obtsined in the course of the audlt, or otherwise appears to be materially misstated. If we idenlify such material inconsistencies or apparent material mi5Statements, we are required to deteTmine whetherthis gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perforrned, we conclude that there is a material misstatement of Ihis other InfOnation, we are required to report that fact. We have nothlng to report In this regard. Oplnlons on other matters prescribed by the Companles Act 2006 In our oplnion based on the work undertaken in the course of our audit the infomation given in the tnjstees. report. which includes the dlrectors, report prepared for the Purposes of company law, for the financial year for whh the fjnancHI statements are prepared is consistent wlth the financial statements; and the directors, report induded withln the Irustees. report have been prepared in accorKlan with applicable legal requlrements.
Docusign Envelope ID: F7FA5981-7E9043B9-8855-6EO59COOCAFB THE JD FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JD FOUNDATION Mattors on whlch we are requlred to report by exceptlon In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not idenrIed material misstatements in the directors, port induded within the truste8s' report. We have nothing to report in respeci of the following matters in relaOn to which the Companies Act 2006 requires us to report to you if, in our oplnion: the Infonnation given in the financral stat8ments L% inc(msistent in any material respectwith the trustees, report., or sufficient accounting records have not been kepi; or the financial statements are not in agreement with the accounting records; or we have not received all the infcmiation and explanalions we require for our audit. Responslblllties of trustees As explained more fully in the statement of trustees, responsi1lItIes, the tnjstees are responslble kir the preparatlon of the financial statements and for being satlsfied that they give a true and fair view. and for such intemal control as the trustees datermine is necessary to enable the preparation of financial statements ihal are free from mat8rial misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for ass8ssing the charity's ability to continue as a going concem, disctosing. as applicable. matters related to going concern and using the going conc8m basls of accountlng unless the trustees either intend to cease operations, or have no reallstic altemative but to do so. Audltor's responslbllllles for the audlt of thè fInala1 statements We have been appointed as auditor under sectton 144 of th8 Charities Act 2011 and report in accordence wFih the Act and relevant regulations made or having effect theTeunder. Our objectlves are to obtsln reasonable assurance about whether the financial ststements as a whole are free from materlal mlsslatement, whether due to fraud or error, and to Issue an audttoV5 report that Include5 our oplnion. Reasonable assurance Is a hlgh level of assurance but Is not a guarantee that an audit conducted In accordance wlth ISAS (UK) will always detect a mated81 mlsstatement when it exists. Misstatements can arise from fraud or error and are consldered materi81 If, indlvidually or in the aggregate, they could reasonably be expected to InfluenTr the economic decision5 of users taken on the basis of these finaniaal statements. Irregularftles, Includlng fraud, are instsnces of non-compl0Ce wlth laws and regulafjon5. We deslgn procedures In Ilne wlth our responslbllities, outllned above, to detect materlal mlsstatements in respect of irregularftles. Includlng fraud. The extent to which our procedur8s are capable of detecting IegularitIeS, Indudlng fraud. Is detalled below". the ongagement partner ensured that the engagement team collectively had the appropriate comp8tence, capabilities and skills to identlfy or recognlse non-complianc8 wlth appllcable laws and regulations; we Identified the laws and regulations appllcable to the Company through discussions dlrectors and oth8r management, and from our commercial knowledge and experienc8 of the charity sector. w6 focused on specific laws and regulations whith we consldered may have a dlrect material effect on the financial statements or the operations of the company, including the Companies Act 2006, employment and health and safety leglslation,. we assessed the extent of conyllance with Ihe laws and regulalions identlfled above through maklng enquiries of management and inspecting legal correspond8nce' and Identlfled laws and regulations were communicated withln the audit team regularly and the team remained alert to Instances of nOnOMplianCe throughout the audiL
Docuslgn Envelope ID.. F7FA5981-7E9o43BSuEo59CAFB THE JD FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JD FOUNDATION We assessed th8 susceptlbility of the compan$ financial statements to material misstatement. including obtalning an understsnding of how fraud might occur. by: making enquiries of management as to where they considered there was su$PIlb1lty to fraud. their knowledge of actual. suspected and alleged fraud; considering the intemal controls in pla to mitigate risks of fraud and non-compllance with laws and regulations. and understandlng the design of the companYs remuneration policies. To address the risk of fraud through management bias and ovenide of controls, we: performed analytical procedures to identify any unusual or unexpected rélationships., tested journal entries to identify unusual transactlons. In response to the rlsk of Irregularitles and non-compllance with laws and regulations, we designed procedures whlch includ8d, but were not limlted to: agreeing financial statement disclosures to unde[lng supporting documentation; readlng the minutes of meetings of those charged with govemance; enquirlng of management as to actual and potential litigation and clalms. There are inherent limltations in our audti procedures descrlbed above. The more removed that laws and regulatlons are from financial transactions. the less likely it is that we would become aware of non-compllanc8. Audiung standards also limlt the audit procedure5 requlred to Identlfy non-compliance wlth laws and regulations to enquiry of th8 dlrectOTS and olher 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 arlse from error as they may involve deliberate ¢oncedment or colluslon. A further description of our responsiblltties is available on the Financial Reportlng CouncS1's website at: https:Ilwww,frc.org.uklauditorsresponslbilities. Thls descripiion fomis part of our auditofs report. Use of our report Thls report is made solely to the charitable companls member5, 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 charitable companV5 members those matters we are requlred to state to them in an audStoVs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responslbllity to anyone other than the charltable company and the charitable company's members as a body. for our audit work, for thls TeporL or for the oplnions we have f0rn8d. :/A-k< Davld Kay FCA (Senior Statutory Audltor) For and on behalf of Barlow Andrews LLP E Dccembef 2025 Statutory auditors Carlyle House, 78 Chorley New Road, Bolton BL14BY
Docuslgn Envelope ID: F7FA5981-7E9N3B9-68WE059COOCAFB THE JD FOUNDATION STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 JANUARY2025 Unrestricted Funds De51gnated Funds Total 2025 Unrestricted funds Deslgnated Funds Notes Total 2024 Income from: Donations 1,734355 769,254 2,505,609 1,584434 1,037,808 2,621242 Total Income 1,73Q355 769.254 2,501609 1,58V34 1,037,808 2,622,242 Expendlture on: Charitable adlvitles 12,874379) (38,698) (2,914,077) {1.034,758) (242,044) (1,276,802) Total expendlture 12,875,379) 138,6981 {2,914077) {1,034,758) (241044) (1.276.802) Net {expendlture) l incomo Tran8fer8 between funds {1.139,024) 730.556 1408,468) 549,676 795.784 1,345,440 Net movement In funds (1.139,024) 730.556 (401468) 549.676 Fund balances brought forward 795,764 1,345.440 1,318.54S 1,361.322 2,679,867 768.869 $65,558 1,334427 Fund balances carrled forward 179.521 2.091,878 2,271,399 1,318,545 1,361,322 2,679.867 The statement of flnanclal actSvities also complies with the requirements for an Income and expenditure account under the Companies Act 2006. The charity has no recognrsed galns or losses other than the nat movement in funds In the period. All results derivè from confjnuing actItte$. The notes on pages 11 to 16 fonn part of these financial statements.
Docu51gn Envelope ID: F7FA598l-7Eg(k43B9485ME05cAFB THE JD FOUNDATION BALANCE SHEET AS AT 31 JANUARY2025 2025 2024 Notes Current Assets Debtors Cash at bank and in hand 6 1,128,257 1,451,468 2,579,725 800,623 1,965,533 2,766,156 Current Liabilitles Credltors 7 (308,326) (86,289) Total Net Assets 2,271,399 2,679,867 The Funds of the Charbty Designated Funds Unrestrictsd Funds Total Charlty Funds 9 2,091,878 179,521 9 2,271,399 1,361,322 1,318,545 2,679,867 The accounts were approved by the Board of Trustees on 8 December 2025 and signed on Its behalf by: D•Ets$loned by.. ..5&OEF•9$b... Nlcola Kowalczuk, Trustee
Docusign Envelope ID.. F7FA5981.7E9043B9485ME059COOCAFB THE JD FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY2025 2025 2024 Cash flows from operating activities Net cash (ouffit)w) I Inftow from operating activities N8t cash used In Investing actlvltles Net cash used In flnancing activlties 10 1514.065) 1.123,377 Net (decrease) l increase In cash and cash equlvalents Cash and cash equlvalents at beglnning of year Cash and ¢a8h equlvalents at end of year (514,065) 1,123,377 1,965,533 842,156 1A51,468 1,965,533 10
Docusign Envelope ID.. F7FA5981-7E9N3B9-88554E059CtM)CAFB THE JD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025 1. Accountlng pollcles The following accounting pollcies have been applied consistently in deajing wilh items whlch are considered Tnaterial in relatlon to the financial statements. Company inforniation The JD Foundatlon Is a private company limited by guarantee incorporated In England and Wales. The registered office is Edinburgh House. Hollinsbrook Way, Bury, BL9 8RR. Basis of preparallon The financial stalements have been prepared in accordance with the accounting policies set out in note 1 to the flnanclal statements and comply with the charivs Memordndum and thcle5 of AssoGlation. the Charities Act 2011 and "Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charlties preparing their accounts In accordance with th8 Flnanclal Reportlng Standard appllcable in the UK and Republlc of Ireland (FRS 102) (effective 1 January 2019)'.The charity Is a Publlc Benefit Enuty as defined by FRS 102. The accounts are ppared in sterling. which Is the functional cuThency of the company. Monetary arnounts In these financial stalemenis are rounded to the nearest £. The accounts have been prepared on a going concem basis and on a historical cost basis under the accnjal concept other than as ststed below. Golng concern At the tlme of approving the aOunts, the trustees have a reasonable expectation that the charity has adequate resources to contlnue In operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accountlng in preparing the accounts. There are no material uncertainties about the charity's ab51ity to continue to operate. Funds Unrestrlcted fund5 are funds which are expendable at the disetiOn of the trustees in furtherance of the objects of the charlty. Des5gnated funds are those which have b8en set aside for specffic expendlture, at th8 dlscretion of the charity. Incoming resources These are included In the Statement of Financial Activities (SOFA) when: 1. tha charity becomes legally entitled to the benefits of use of the resources; 2. an Inflow of economlc benefit is probable. and 3. the monetary value can be measured with sufficient reliabllty. ResourceB expended Liabililies are recognised as soon as an oufflow of economic beneffts 15 PTobable. Charitable expenditure comprises those costs Incurred by the charity in the delivery of its actimtles and services for its beneflclaries. It includes both costs that can be allocated dlrectly to such activities and those costs of an indirect nature necessary to support them. Grants payable are accounted for when the trustees have accepted a legal or moral obligation an(1 accounted for as resources expended in th8 Statement of Financial Activitie5. Governance costs include costs of the preparation and examination of statutory accounts. Cash and cash aqulvalents Cash and cash equivalents Include cash in hand and deposlts held at call wlth banks.
Docuslgn Envelope ID.. F7FA5981-7E9N389-88554E059COOCAFB THE JD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUAR Y 2025 1. Accountlng pollcies (contlnued) Financial instruments The charlty has elected to apply the provisions of secti( 11 'Basic Financial Instruments, and Sectlon 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial inslruments. Financial Instruments are recognised in the charitys balan sheet when the charity becomes party to the conlractual provisions of the InstrumenL Financlal assets and Ilablllties are offset. wtth the net am(Kirrts wesented In the financlal ststements, when there is a legally enforceable righl to set off the recognised amounts and there is an intention to settle on a net basi5 orto realise the asset and settle the Ilabillty simultaneously. Basic financlal assets Basic financial assets, whlch includes cash and bank balances, are measured at ts3nsacUon prf. other financlal assets Financlal assets classlfied as other financlal assets are stated at fair vafue wlth any galns or losses arlsing on remeasurement recognised in the statement of financial activities. Flnanclal assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity trdnsfers the financial asset and substantially all the risks and rewards of ownership to another entity. or If some signlficant risks and rewards of ownership are retained bul control of the asset has transferred to another paty that Is able to sell the asset In its entlrety to an unrelated third paty. Baslc financlal Ilabilltles Basic financial Ilabillties. which include other creditors, are recognised at transactlon prtce. 2. Income from charltabl• actSvitles Current year: Unrestricted Deslgnated Funds Funds Total 2025 Donatlons from JD Sports Fashion Hc (UK Entliies) Donatlons from JD Sports Fashlon PIC {European Entities) Donations from P&nnies 1,714.366 39,171 1,753,537 225,757 225,757 465,628 465,628 Donatlons from Ske Campaign 38,698 38,698 Donations from JD Sports Fashlon PIC staff fvndraising 21,989 21,989 1,736,355 769,254 2,505,609 The donations made by JD Sports Fashion PIC malnty relate to the Income generatsd from the sale of cather bags In JD Sports sto5 across England, Scotland. Wale5. Northern Ireland and Europe. 12
Docusign Envelope ID: F7FA5981-7E9043Bg-885ME059COOCAFB THE JD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025 2. Income from charltable activitles (contlnued) Totsl 2024 Prlor year: Unrestricted Designated Funds Funds Donatlons from JD Sports Fashion PIC (UK Entities) Donatlons from JD Sports Fashion PIC (European Entitles) 1,563,850 201,228 1,765,078 201A71 201,471 Donations from Pennies 557,059 557,059 Donations from Size Campalgn Donatlons from JD Sports Fashlon PIC staff fundrai51 78,050 78,050 20,584 20,584 1,584.434 1,037,808 2,622,242 3. Trustees and employees None of the trustees {or any persons connected with them) recelved any rernunernUon or benefits from the charlty durlng the perlod. The foundation had five employees during the year (2024: four). These employees are employed by JD Sports Fa5hlon PIC and wage costs are recharged to JD Foundation. 2025 2024 Wage5 and salarfes 245,197 110,498 4. Relatsd partles and related party transacllons There were no r81ated party transactions durlng the year ended 31 January 2025 (2024: none). 5. Expenditure on Charitable actlvitles Expendltur8 on charitable a¢tlvities was primarfly charitable donations. DuTlng the year, the trust made 190 donations (2024.. 86) to the Foundation's nominated charities, in addition to the quarterfy donatlons to the Mountain Rescue England and Wales and Scottish Mountsin Rescue. Further donalions are analysed by sector. 2025 2024 Donations Mountaln Rescue 173.761 Youth 1,032,143 453,013 Health 295,398 172,025 Social Services 167,326 13,251 Education 933,016 30,000 Other 75,830 229,344 2,503,713 1,071,394 13
Docuslgn Envelope ID,. F7FA5981-7E9(WBg485ME059COOCAFB THE JD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUAR Y 2025 5. Expenditure on charitable actlvitles (continued) 2025 2024 Support costs Staff costs (note 3) Other support costs 245,197 110,498 160,167 89,910 405,364 200,408 Governance costs Audlt fees 5,000 5,000 Total charltable expendlture 2,914,077 1.276,802 'Otherf donations include donations for memorials and fundraising evenls, 'Other support costs, include costs for bank charges and other miscellaneous costs. 6. Debtors 2025 2024 Prepayments and accrued Income 1.128,257 800,623 Debtors Include Income due to the charlty at tha period erKI. 7. Credltors 2025 2024 Accruals and deferred Income 308,326 B6,289 Credltors include exp8nditure incurred by the charlty but not pad at the period end. 8. Flnanclal Instruments 2025 2024 Carrylng amount of Ilnanclal assets Measured at amortlsed cost 2,579,725 2,766.156 Carrylng amount of financial Ilabilitles Measured at amortised cost 308.326 86,289 14
Docusign Envelope10: F7FA5981-7E91M3B9-885&6E059COOCAFB THE JD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY2025 9. Movement in funds Balance carried forward 31.01.25 Balan brought forward 01.02.24 Movement in fvnds Current year: Income Expendlture Transfers Deslgnatsd Funds Northem Ireland Carrier Bag Donations (1) European Carrier Bag Donations (2) Pennles (3) 39,171 111.001 71,830 393,869 225.757 619,626 798,660 465,628 1,264,288 Size Campalgn (4) Unrestrlcted Funds 96,963 38,698 (38,698) 96,963 1,318.545 1.736,355 (2,875.379) 179,521 Tolal Funds 2.679.867 2,505,609 (2,914,077) 2,271.399 Unrestricted funds are represented by total net assets. Designated funds are fijnds whlch the Twstees earmaTk specifjcally for the follt)wing each year. (1) Northem Ireland Carrier Bag - this money has been ringfenced untll the end of 2024, wlth a vlew to provlding a number of inltlatives within these tsrritori8s in 2025. (2) European Carrier Bag - this money has b8en ringfenced untll the 8nd of 2024. with a view to providing a number of initlatives withln these territories in 2025. These will Indude versions of JDUP, as w811 as localised grants glven to charltable organlsations that help us to achieve our global misslon. (3) Pennles - thls money will be dlstributed to charilles across the UK. Each charity wlll b8 nominated by a colleague within JD Group, and distrfbuted as part of our Grant Givlng programme. In partnership with Nelghbourly, our corporate purpose platfomi. (4) Size Campalgn - our Size? fascla has rais8d vltal money to support S8veral Charftles acr065 the UK over the past 12 months, a campaign that we wish to continue to develop. Balance brought forward 01.02.23 Balance carrled forward 31.01.24 Movement In funds Prlor yaar: Income Expenditure Transfers Deslgnated Funds Mountsin Rescue Organisations Northern Ireland Carrier Bag Donations (1) European Carrler Bag Donations {2) 44,363 173.761 (173,761) (44,363) 44.363 27,467 71,830 192,398 201,471 393,869 Pennles (3) 241,601 557,059 798.660 Size Campaign (4) 87,196 78,050 (68,283) 96.963 Unrestrlcted Funds 768.869 1.584.434 (1,034,758) 1.318.545 Total Funds 1,334.427 2,622,242 (1,276.802) 2,679.867 15
Dooutslgn Envelope ID: F7FA5981-7E9lM3B9-885EOs9c00cAFB THE JD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUAR Y 2025 9. Movement In funds (conllnued) Unrestricted funds are represented by total net assets. Deslgnated funds are unrestricted funds which the Trustees emath sp8clfically for c8rtaln purposes OT organisations each year. 10. Cash generated from operations 2025 2024 Net (expenditure) l income for the year Movement In working capltsl". Decrèase l (increase) In debtors (D8crease) l increase in creditors (408,468) 1,345,440 (327,634) 222,037 (282,315) 60.252 Cash (absorbed) I generated from operations (514065) 1,123.377 11. Analysls of net assets between funds All funds are unre51rfcted In this year and In the pr8vious year. 12. Analysis of Changes In net funds The charlty had no debt during the year. 13. Post balance sheet events On 8 October 2025, It was deaded that the accrued InccKne (not8 6) relating to European canler bag Income of £619,626 would be reversed in the financial year endlng 31 January 2026. following a reassessment of the charlty's income recognltion In light of operational and regulatory developmonts after the reporting date, At the year endlng 31 January 2025, the Trustees were nat aware of thls declon and therefore the accrued incom8 has not been adjusted 5n these financial statements. 16