Charity registration number 1180246 (England and Wales) FOUNDATION 92 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
FOUNDATION 92 LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Giggs Y Harrison T Camillefi W Lewis R Buckley G Mfilson J Jackson (Appointed 25 Jun8 20251 Head of Foundation M Agnew Ilnteriml Charity number IEngland and Wales) 1180246 Principal addres5 st. James House Pendleton Wdy Salford Greater Manchester M6 5FW Auditor champion Accotjntants LLP 1 Worsley Court High Street Worsley Manchester M28 3NJ
FOUNDATION 92 CONTENTS Page Trustees. report Slalernenl ofTruslees' responsibilities Independent audilofs report 9-11 statement of finan¢ial activities 12 Balance sheet 13 Statement of cash flows 14 Notes to the finanaal statements 15-26
FOUNDATION 92 TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2024 The Trustees present their annual report and audited fin3noal Statements for the year ended 31 Octobei 2024. The financial statements have been prepaTed in ac£ofdance with the accounting policies set out in note 1 to the financial statements and cotnply with the charity's governing docurnent. the Charities Act 2011 and 'Accounting and Reporti9 by Charities.. Slalement of Recommended Practice applirable to charities preparing their 8ccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffective 1 January 2019}" Objectives and activities Objecttves The objectwes tsf the charity are for the public benefit in the Salford and Greatei Manchester area by.. Promotion of community participation in heahhy recreation by providing 8ppiopriate opwrtunities for engagement in sport and sporting adNity (xpable of improving physical health, with an emphasis on football. Protnotion of good mental health within the community by providing appropriale tspportunities for engagernent in sport and sporting activity directed to relieving mental health. with an etnphasis on football. Provide and a5S15t in providing appropriate opportunities for sport, recreation. or olhei leisure titne occupation of such person5 who have need for such facilitie5 by reason of youth, age, inf5trNity, or disablement, poverty. or social and economic ¢ircutnstance5 or for the public al large in th8 interest ol social welfare and with the object of improving Iheii conditions ol life. Promote Ihe education of people with disabilitie5,' young people who have offended or are al risk of doing so.. peopLe who ale homeless or are at risk of being made horneless., and people who are in need by reason of their age, w)verty, or social or economic arcumslances, in particular but without limitation by.. A. Awarding lo suth peisoris sd)olarships, maintenance allowances or grants to allow thern to undertake further or higher education or access coijrses to further or higher education,. B. Making grants to fund additional facilities and equipment al eduixtional establishments in the Greater Manchesler area lo facilitate access to education., and C. Delivering community OLJtreath, integration. and prograrnmes to widen participation in fvriher edijcation by such persons throughout the UK. The Trustees h8ve paid due regard to guidance is8ued by the Charity Commission on public benefit in dectding what activities the charity Should undertake.
FOUNDATION 92 TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Achievements and performance Over the past twehre tTK)nths, Foundation 92 has strengthened its portfolio of work via a wide artay of actNities aimed at engaging and supporting residents ol Salford and Greater Manchester, thereby conlribLJting to address and focus on the redudion of Tnequalities and fostering positive outcomes for our community. The Foundation's specialist delivery team ha5 demonstrated unwavering dediixtion to supporting all members of our cotHmunity through a holistic, indusive, and sustainable approach. The repotting period has been notably posrtive, progressive. and rewarding. further cementing the presen of Charity at the heart of Sallord. In addition 10 5UPPOrting some of the most disadvantaged and marginalised communities, the Foundatitsn has also developed several life-changing inlervenlions across Greater Manchester, thereby extending both its impact and value lo the residents (rf SaKord. Concuttently. the Foundation 92 Te3m, supported by the Charities Board of Trustees, has undertaken consistent and proactive steps lo enh8nce Foundatitsn 92's governance, piadices, and prCedu$ alongside the development of a new strategy which will be launched in 2025. Throughout this year, Foundation 92 has made reMarkae strides in 8chieving its strategic objectives.. launching innovative programmes, delivering cornrnunity-faang projects and workshops. Achieving recognition on local, regional, and natioNal levels. This ongoing comrniltnent has enabd the charity lo make positive advancements loward achieving the highest standards outlined in the EFL'S Capability Code of Practice. The entire team extends heartfelt gratitude to all our partners, especially Salford City Football Club, for their unwavering support. Highlight and fl8gship areas ol focus and 8chievements within the reporting period incltjde., Drnber lo Retnember Foundation 92. 5LJPPOrted by partners, trustee5 and founder5, delNered over 1700 gifts and 300 Salford Cty FC rnalchday tickets across the Salford and the Greater Mandiester community. Food palS FOundatn 92 distributed over 200 food parcels in partnership with Islatnic Relief. Volunteers from Network Rail supported in the delivery across Salford. EFL in the Gornmunity Utilita Energy Cup Foundation 92 hosted Sallord Primary schools at this yearfs Utilita Energy Kids Cup which was supported by Saword City FC scholars. Thanking our Communtty Hero's initiative As part of the EFL Comrnunity Weekend, both Foundation 92 and Salford City FC highlighted eleven community heroes for their work in our community. Autism Awareness Match Day Salford City Football Club developed, in partnership with Foundation 92, a bespoke match day experience. including a sanctuary room al The Peninsula Stadium provided a safe space way from the crowds. Tandem Bank Partnership Launch Foundation 92 partnered with Tandem Bank lo deliver finanual inclusion programrnes across Greater Man¢hestei. (continued...)
FOUNDATION 92 TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 .Icontinuedl Moulding Foundation Donations Mfith thanks tts the Moulding Foundation. both Foundation 92, and UA92 have been able to support 24 University students who each received financial aid in the form ol a non-repayable Isary Pfemier League CkS Regional Cup Foundation 92's mixed team won the Fair Play Award and later represented Foundation 92 in the National Final al Sl George's Park. Corpor8te Football Tournament Fundraiser FoundatK)n 92 partnered with Northcare Charity to host a corporate football toumatnent at The Peninsula Stadium. The winners were awarded their tiophy by one of Foundation 92's founders. Nicky Butt. Children in Need Partner Day Foundation 92 presented to staff from BBC Children in Need and Iheii partners about the work bein9 caiiied out in the community. Community focused Detnentia Friendly Sports Alongside Age UK, Foundation 92 delivered a weekly activity timetable alongside, Mini Olympics for participants within OLtr Dementia Friendty Sports Group. Refugee Slieet SOcrAcademY Cup Foundation 92's Street Soccer team represented the Foundation at the Street Soccer Ac2demy Cup held at Leicester City Football Club's training giound. Volunteer Transfer The Denis Law Legacy Trust and Foundation 92 hosted our annual volunteer transfer, which sees volLinleers swap places for a week-long exthange, working 8cro55 both organisations. key piogrammes. Donation by CIF and Kellogg's Volunteers from Bupa UK supported Foundation 92 to distribute Kellogg's Tea1 (kindly donated by Kellogg'sl and upcycled football boots. kindly donated in partnership with CIF. Padel and Golf Fundraising driOUS teams from across different companies came together for Foundation 92's annual Padel Tournament. followed by our annual Golf Day. Both events were supported by founders from the Class of 92. Salford Sutton Cenlre, Cotntnunty Garden Foundation 92 designed, built and launched a biand-new cotntnunity garden in the heart of Sallord to provide a free-to-access and engaging green space foi the Socal community. The garden was opened in partnership with Bupa UK and Clarion Futures.
FOUNDATION 92 TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Awards and Nominations: Over the past twelve months, Foundation 92 is proud to have been shortlisted foT four awards and successful secuied the prestigious'community Club ol the Season. awaid at the Northwest Football Awards. Nominations-. The More than Football Award 2024, This is ManchesterAwards- Organisation Making a Difference in the Comrnunity Manchesteryoung Talent Awaids-Agent of Change lindividuat) Made in ManchesterAwards- Te8m of the Year North Wesl Football Awards- Community Club of the Season D8partmental fo¢us: Education Our education teatn piovided young people and adLJItS With the plafform to gain wedited qualifications whilst partiapating in a range of personal development and engagement opportunities. Found8tion 92's provision is based around the delNery of small-gioup intervention provision, enabling the Foundation's tutors, mentors and teachers to fully meet the needs ol eath individual within the programme. Out of the 358 students that received one-to-one mentoring, 78% reported ifflped academic performance, whilst 85D/o reported improved aspirations for the future. In 2024, we delivered mental health wod(shops across 10 schools in Salford. Out of the lotsl partlClP8nts, 89.3YD reported feeling mole posib"ve," 94°/o reported more conlidencE in recognising signs of their peers who tllay need additional support,. aThY 98Vo reported increased sellesteem. The Charity offered extra English intervention for 144 of year 6 pupils in preparation for Éheir SATS and of these participants felt more inspifed, while 100/0 felt more prepared for Iheii exams. Donations and grft5 from the Moulding Foundation have enabled Foundation 92 and Unwersity Academy 92 to collaborate on 8 non-repayaUe bursary of fin8ncial aid, supporting 24 university students. Each bursary has been specifically targeted towards those studenls frotn disadvantaged backgrounds Community Youth Work Foundation 92 is proud to provide a wide range of fun, safe and engaging activilies across Salford and G¥eater Manchester. All sessions are led by fully qualified staff who are wholly committed to supporting young people within their communrty to thrive and lead a healthier lifestyle. At Foundation 92. we aim to be part of the developtnent and growth of young people to help everyone gain a bright fuluie through sport and education. From our outreach work, 91% of participants reported feeling less involved in risk-taking behavioijrs. whilst g8¢/0 of participants involved in social action projects reported a greater sense of belonging within their community, nd 86°/o of these would volunteer again in the future.
FOUNDATION 92 TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2024 Health and Wellbeing The Foundation underst8nds that Sport is a fantastic tool to improve the corntnunity's health and wellbeing. Each progiamme developed by Foundation 92, is C(x)rdinated to ensure we can have a posth.ve influence on each individual participant's health and wellbeing. Throughout the past 12 months, the challty has been able to positively engage with 265 individiJa15 on the he81th and wellbeing progiamme. The daily, weekw and tnonthly activities have seen 4740 visits by community members alongside fiee-to-access delivery hours in excess of 1000 being directly delivered into the heart of communrties. Wellbeing Hub The Wellbeing Service is a partnership of welcoming community spaS across Greater Manchester, supporting pei)ple on piobation to move forward with theii lives. Led by The Big Life group. the charity offers free, personalised 5UPPOrt around what matters most to each person whether that's improving wellbeing, strengthening family rdalionships. or getting help with money. FoL5fKJation 92 delivers in Slo¢kport to support and motivale partupanls lo make positive changes to a wide range of areas in Iheir lives, induding.. Physical and emotional well-being Fatnily and lationShipS Building social connections Money management skills Access to training and employment The Wellbeing Hub exists to prevent and reduce ie-offending. recall rates and crime in the community. Participants are supported using a person-centred. slrength-based and trauma-inlormed approach. The Vvellbeing Hub has been able to support participants lo save financial on their bills through the help of our money rn8n8gement courses. Partiapants have also been supported to enable home visils to family and friends, further irnproving their mental health and strengthening family relationships.
FOUNDATION 92 TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Financial performance The Trustees are pleased with the charills robust Iinanual performance over the past year. Gurienlly. the charity has accumulated ie5erves that exceed six tnonths. woth of operating expenses, providing a solid financial cushion in a tough economic dimate. This stability is bolstered by our diverse portfolio of inctsme sources, which indudes both restricted funds designated for specific purposes and unrestricted funds that can be allocated in line wth the charily's strategic objectives. This allows the chaiity to effectNely respond lo the needs of those we seNe, aligning closety with Foundation 92's strategic objedives. The Trustees are confident that, thanks to the detailed policies and strategS we've put in place, the charity wll continue on a path of development and sustainability. We are committed to operating in a piogressive manner that allows us to adapt lo changing circumstances while maintaining our core mission. 11 is our policy to preserve unrestrided funds at a level that equates to al least six months of our total expenditure. The Trustees believe that tnaintaining this level of ieseNes is crucial in ensuring that, should we experien a significant reduolion in funding, we will still be able to sustain OL*r essential activities. This measure ensures that we can cx)ntinue delivering vital setvice5 while simultaneously exploring avenues for raising additional funds. Throughout the year, we have successfully maintained our reserve levels 8s planned. Furthermore, the Ttustee5 regularty conduct a thorough assessment ol the key risks that COLJld impact the chanty, and we are satisfied that effective Systems and protocols are in place to mitigate these risks, assuring OLJr continued resilience and effectiveness in fulfilling our mission. Risk Assessment The trustees having examined the major stiategic, business and operational risks which th8 tharity faces and nfim) Ihat policies have been established to ensure regular monitoring and reporting. This will allow for timely intervention when necessary to reduce these risks. structure. governance and management The charity is a Charitable Incorporated Organisation. The Ttustees who seNed during the year and up to the dale of signature of the finanrAal statements were.. R Giggs Y Harrison T Camilleri W Lewis R BCeY G Wilson J Jackson {Appointed 25 June 20251 Risk Assessment The tiustees having exarnined the major strategic, business and tsperation risks which the charity fa$ and confirms that policies have been established to ensure regulaf rnonitoring and reporting. This will allow for timely intervention when necessary to reduce these risks.
FOUNDATION 92 TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Foundation 92 partners The Trustees of Foundation 92 would like to place on record their sincere thanks to eath partner who have difectly supported Foundation 92's life Changing work. In particular Foundation 92 would like to thank the ftsllowing partners for their outstanding support.. 1 st Central AgeUK Saiford and Trafford Avanti Wesl Co&st BBC Children in Need Beyond Sport BrightHr British Tran5POrt Poli British Triathlon Bupa UK Foundation Clarion Futures CotHmUNITY Little Hutton Crewe lo Manchester Rail Partnership Cross Country Cruyff Foundation Denis Law Legacy Trusl EFL in the Community Experian Football Foundation ForHousing Fieekicks Foundation Greater Manchester Police Greater Manchester Violence Reduction Unit Greater Sport Hotd Football Irwell Valley Foundation Islamic Relief JD Foundation Jigsaw Homes JMW Kellg,5 Manchester Kuil Steinart Levy LLP LTA Tennis Foundation Manchester City Council MEComtll5 Media Cubs Moulding Foundation National Literacy Trust. National Lottery Community Fund Network Rail Northcaie Charrty Northem Rail One Manchester Piemier League Charitable Fund Rochdale Council Salfoid City Council Salford City Football Club Salford CVS Sallord Lads Club Salw HotHes Sport England Stockport Council Tandem bank The Big Life Group The FA The Federations ol Jewish Services The Welfare SeTViCe The Professional Footballers Association Trafford Council The INoikeis Educational Association Trafford Housir)g Trust TransPennine Express Tiall5POrt for Greater Manchester Twinning Projecl UK Youth UniversityAcadetny 92 Veterans Foundation The TrttStees' reptsrt was approved by the Board ofTrustees. Y Harrison Trustee 08ted.. 26 August 2025
FOUNDATION 92 STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 OCTOBER 2024 The Trustee5 are responsible for preparing Ihe Tiustees, Report and the financial statetnents in accordance with aptAicable law and United Kingdom Accx)unling Standards {Uniled Kingdorn Generally Accepted Accounting Practice}. The law applicable to chaTlties in Engnd and Wales requires the Trustees to prepare finana81 statements foi each financial year which give a tiue and fair view of the state of affairs of the charity and of the incoming ie50UTces and applicalion of reSoUrS of the charity lor that year. In weparing these financial statetnents, the Trustees are required to". select suitable accounting poliries and then apply them consistenlty., - observe the methods and principle5 in the Charities SORP., tnake judgements and eslimales that are reasonable and prudent.. state whether applicable accounting standards have been followed. subjeci to any material departures disdosed and explained in the financial statements.. and prepare the financial slalements on the going concem basts unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accountin9 recoids that disclose with reasonable accuracy at any time the financi91 position of the charity and enable them lo ensure that the financial slalemenls comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the chattty and hence for taking re8sonable steps for the prevention and detection of fraud and other irregularities.
FOUNDATION 92 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF FOUNDATION 92 Opinion We have audited the financial statements of Foundation 92 Ithe'charity) for the yeaf ended 31 October 2024 which comprise the statement of financial activities. the balance sheet, the slalemenl of cash flows and notes to the financial statements, including significant accounting policies. The finanoal reporting fiamewotk that has been applied in Ihar prepaialion is applicable law and United Kingdom Accounting S18ndards, Including Finanaal Reporting Standaid 102 The Financial Reporting Standard applffcable in the UK 8nd Republic of Iland (United. KingdotTr Generally Accepted Accounting Praclicel. In our opinion. the financial slaternenls.. give a true and faif view ol the stale of the chaiity's affairs as at 31 Odobei 2024 and of ils incoming sources and applie2tion of SoUrCes, for the year then ended., have been properly prepared in accordanTr with United Kingdom Generally Ac£epted Accounting practi.. and have been prepared in accordance with the Charities Act 2011. Basis for opinion We conducted our audit in accordanoe with International Slandards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsitslilies for th8 8udit of the fianCial statemenls section of our iepDrt. We are independent of the charity in accordance with the ethical requirements that ale relevant lo our audit of the financial slalements in the UK. including the FRC'S Ethilxl Standard. and we have fulfilled our other ethical iesPQnsibililies in accordance with these requirements. We believe Ihat the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to 90ing concern In auditing the financial stalemenls, we have conduded that the Trusle8s' use of the going concein basis of ac£ounling in the piep8ration ol the financial statements is appropriate. Based on the work we have performed. we have not identified any material UnrtaIntieS relating lo events 01 conditions that, individually or collectively, m8y cast signfficant doubl on the ch8rity's atylity to continue as a going concern for a peiiod of at least twelve months from when the finanaal statements ar8 authorised lor issue. Our responsibi5ities and the responsltilitS of the Trustees wrth iespect to going concem are described in the levanl sections of this report. other Infomiation The other infoitnation comprises the information induded in the annual report other than the finanaal staternents and our audilorfs report thereon. The Trustees are responsible for the other inforrnation contained within the annual report. Our opinion on the financial statements does not cover the other inform8tion and we do not express any fortn of assurance conclusion thereon. Our responsibility is lo read the other inform81ion and, in doing so, consider whether the other inlomiation is materi311y inconsistent with the financial statements or our knowledge obtained in the course of the audit. or olhetwise appears to be materially misstated. If we identify such rnaterial inconsistencies 01 apparent material misstatements, we are required lo determine whether this gives rise lo a material misstatement in the finanaal staternenls thetll5elve5. 11, based on the work we have performed, we 1x)rlude that there is a material misstatement of this other infortllatitsn, we are required lo report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities {Acwunts and Reports) Regulations 2008 requires us to report to you if, in our opinion". the informalton gwen in the financial staternenls is inconsistent in any mater[81 respect wrth the Trustees. report., or sufficient 8ccounting records have not been kept," Or the financial statements are not in agreement with the accounting records,. or we have not received all the information and exanatiOnS we requi for our audit.
FOUNDATION 92
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF FOUNDATION 92
Responsibilities of Trustees
explained rnOTe fully in the statement of Trustees. responsibililies, the Trustees are responsible for the
preparation of the Iinancial statements and for being satisfied that they give a true and lair view. and for suth
internal control as the Trustees deletrnine is necessary to enable the preparation of financial slalemenls that are
free from material misslatemenl. whether due to fiaud 01 em)r. In preparing the financial slatemenls. the Trustees
are responsible foi assessing the charity's ability to contifiue as a going concern. disclosing. as applicable, matters
related to going concern and using the going concern basis of accountin9 unless the Trustees either intend to cease
operations. or have no realistic alternative bul lo do so.
Auditor's responsibilities for thè audit of the financial statements
We have been appointed as aLJdilor undef section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulalh)ns made or having effect theieunder.
Our objectives are to obtain reasonable assurance about whether the finan87 statetnents a whole are free from
tnateiial misstatement, whether due to fraud or error, and to issue an auditol's report that includes our opinion.
Reasonable assuran is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS IUKI wll always detect a material misslatemenl when it exists. Misstatements can aiise frotn fiaud 01
error and are considered material if. individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial statements.
The extent lo which our procedures ale capable of detecting irregularities, induding fraud, is detailed below.
As part of our planning process..
We enquired of management the systems and controls the chaiity has in place, the areas of the financial
statements that are mostly susceptible to the risk ol irregularities and f18ud. and whether there was any known,
suspected or alleged fraud. The charity did not inform us of any known. Suspected 01 alleged fraud.
We obtained an understanding of the legal and regulatory frameworks applicable to the charity. We delermined
that the following were Tn05t relevant.. FRS 102, Charities Act 2011 & the Health and Safely act 1974.
We considered the incentives and opportunities that exist in the charity. iwluding the extent of management bias,
whi¢h piesent a potential for irfegularilies and fraud to be perpetuated. and tailored our risk assessment
accordingly.
Usin9 our knowledge of Ihe charity, together with the discussions held with the tharity al the planning stage. we
formed 8 conclusion on the iisk of misstaternent due to irregularities induding fraud and tailored our procedures
according to this risk assessment.
In response to the risk of irregu5aTities and non-
FOUNDATION 92 INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF FOUNDATION 92 A further description ol our responsibilities is available on the Financial Reporting Council's website at." Mtps.'Il www.Iic.org.uklauditorsresponsibilib"es. This de5CriPtion forms part of our audilor's report. Other matters Your atte110 is drawn to the fact Ihat the charity has prepared financial statements in accordance Wbth "Accounting and Reporting by Chaiities". Statetnent of Recommended Practice applirable to charilies preparing their accounts in accordance with the Fin8ncial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 las amended) in preference to the Accounling and Reporting by Charities.. Statetnent of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. This has been done in order for the Iinancial statements lo provide a true 8nd fair view in accordance wilh current Generally Accepted A¢ntIng Practice. Use of our report This report is made solety to the chaiity's trustees. as a body. in accordance wilh Part 4 of the Charilies (Accounts and Reports) Regulations 2008. Our aLSdit work ha5 been undertaken so that we migm state to the charivs Trustees those matter5 we are required to state to them in an auditoi's report and foi no other purpose. To the fullest extent perrnilted by law. we do not accept or assume responsibility lo anyone other than the charity and the arity's Trustees as a body, for our audit work, for this ieport, or for the opinions we hav8 formed. Gary Woodall FCCA (Senior Statutory Auditor) Foi and on behalf of Champion Accountants LLP, SlalutoryAuditor Chartered Acoounlants 1 Worsley Court High Street Worsley Manchester M28 3NJ 26 August 2025 Champion Accounlanls LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company undei SectOn 1212 of the Companies Act 20(.
FOUNDATION 92 STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Incorne and endowmet)ts from.. Donation5 and legacies Other trading adivities Other incotne 740,260 271,967 122,204 680,879 1,421,139 271,967 122,204 689,512 275,289 64.895 419,889 1.109,401 275,289 e4,895 Total income 1,134,431 680.879 1,815,310 1,029,696 419,889 1,449,585 Expenditure on: Raising funds Charitable activities Other expenditure 15,019 835,948 17.158 15,019 1,528,827 17,158 3.704 980.797 13,679 3.704 407.889 1,$98.686 13,679 692,879 13 Total expendstL5re 868.125 692,879 1,561,004 998,180 407,889 1,406,069 Net incomellexpenditurel and movement in furHIs 266,306 112.(XJOI 254,306 31.516 12,IXJO 43,516 Reconciliation of funds: Fund balances 811 Novernber 2023 581,977 12,000 593.977 550,461 550,461 Fund balances at 31 October 2024 848.283 848,283 581,977 12,000 593.977 The stalement of finanaal activities indudes all gains and losses recogni5ed in the year. All income and exp8nditure derive from continuing activities. 12-
FOUNDATION 92 BALANCE SHEET AS AT31 OCTOBER 2024 2024 2023 Notes Fixed assets Intangible assets Tangible asset5 15 16 1,125 62,108 52,356 52,356 63,233 CUrnt assets Debtors Cash at bank and in hand 17 403,052 961,617 369.419 845,206 1.364.669 1.214,625 Creditors.. amounts falling due within one year 18 1568.7421 1683.8811 Net current assets 795,927 530,744 Total assets less current liabilities 848,283 593,977 The funds of the charity Restricted income funds Uniestiided funds 21 23 12.000 581,977 848,283 848,283 593,977 The financial statements were approved by the Trustees on 26 August 2025 Y Harrison Trustee 13-
FOUNDATION 92 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2024 2024 2023 Notes Cash flows from operating activities Cash generated from opeiatlOll5 26 127,0( 339.779 Investing activrties Purchase of tangible fLKed assets Proceeds from disposal of tangible fNed assets 110,7841 145,1001 189 Net cash used in investing activities 110.5951 {45,1001 Net cash gerberated from financing activities Net increase in cash and cash equivalents 116.411 294.679 Cash and cash equivalents at beginning of year 845,206 550,527 Cash and cash equivalents at end of year 1,617 845.206 14-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting policies Charity inforrnation Foundation 92 is a charitable incorpor8ted organisation, with the re9isliation number 011180246. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's constilution of 8 charitabl incorporated oiganisation, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102.1 and the Charities SORP"Accounting and Reporting by Chaiities.. Slalemenl of Recommended Practice applicable to charities Pfeparing their accounts in a¢cord8nGe with the Financial Reporting Standard applicable in the UK and Republic of Iie1and {FRS 1021. leffeclive 1 January 20191. The charity is 8 Public Benefit Entity as defined by FRS 102. The ffinanaal statements have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This deparlure has involved followi9 the Statement of Recommended Practice foi charilies applying FRS 102 rather than the version ol the Statement of Recommended Practice whid) is referred to in the Regulab"ons bul which has since been withdrawn. The financial statements are prepared in steiling, which is the functional currency of the charity. Monet8ry amounts in these finanaal statements are rounded to the nearest £. The financial statements have been prepared under the historic81 cost convention. The principal accounting policies adopted ale set out below. 1.2 Going concem At the time of approving the finanriaS slalements. the Trustees have a ieasonable expectation that the charity has adequate iesources to continue in operational existence lor the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the finanaal st8tetnents. 1.3 Charitable fund5 Unrestricted funds ar8 8vailable for use at the discretion of the Trustees in fvrtherance of their charItae objectives. 1.4 Income Incorne is regnISed when the charity is legally entitled to rt after any perfortnance conditions have been met, the amount5 can be measured reliably, and it is probable that incorne will be 1ved. Cash dtsnations are rgnised on ieceipt. Other donations are recognised once the charity has been notified of the donation, unless perf0mnCe corKlitions require deferral of the amount. Income tax recoverable in relation to donations reiVed under Gift Aid or deeds of covenant is recognised at the time ol the donatK)n. Legacies are recognised on receipt or otherwse if the charity h85 been notified of an impending distribution, the amount is known, 8nd receipt is expected. If th8 8mount is not known. the leg8Cy 15 tfeated as a contingent asset. Assets for distribution are recognised only when distributed. Assets given for use by the charity are recognised when reivable. Stocks of undistributed donated goods are not valued foi balance sheet purrK)ses. Income received in Ihe fomi of value in kind is recognised 81 fair value as the benefit is received. 15-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting policies Icontlnuedl 1.5 Expenditure Expendiluie is iecogni5ed On there is 8 legal 01 constructive obligation lo Iiansfei econotnic benefit to a third party. it is probable that a transfer of economic benefits will be required in 5eltletnent, and the amount of the obligation can be rneasuied reliably. Expenditure is classffied by activity. The costs of each activity are rnade up of the total of direct costs 8nd shared costs, including support COSts inVoed in undertaking eath activity. Direct costs attributable to a single activrty are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not 8ttributable to a single activity ale apportioned between those activities on a basis con51Stent with the use of resouices. Central staff costs are allocated on the basis ol lime spent, and depieciation charges are allocated on the portion of the assel's use. Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure indudes any VAT which cannot be fully recovered, and is reported ag part of Ihe expenditure to which it relates. 1.6 Intangible fixed a¥sets other than goodwill Intangible assets acquired separately frorn a business are recognised at cost and are subsequenily measured at C05t less accumulated amortisation and acMU1a1ed impairment losses. Infangible assets acquired on business combinations are wognised separately from goor111 al the acquisltion date where il is probable that the expected future economic berTrefits that are attributable lo Ihe asset will flow to entity and the fair value of the asset can be measured reliably.. the intangible asset arises frorn contractual or other legal rights.. and the intangible asset is separable from the entity. Amortisalion is recognised so as to write off the cost or valuation of assets less their residual values over their useful live5 on the following bases.. Website 3 years straight line 1.7 Tangible fixed assets Tangible fixed assets are initially measured 81 cost and subsequently measured at cost, net tsf depreciation and any imp8irtnent k)sses. Depreciation is recognised so as to write off the cost or valuation of assets les5 their residual values over their us8ful lives on the following bases.. Leasehold improvement$ Fixtures and fittings Computer equipments Motor vehicles Over the life of the lease 3 years straight line 3 years slraighl line 25% reducing balance The gain or loss ariging on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recDgnised the statement of finanaal activities. 1.8 Impairment of fixed assets At each porting end date, the charity reviews the carrying arnounts of its tangible and intangible assets to detemine whether there is any indication that those assets have Suffered an impaiment loss. If any suth indication exists, the recoverable arnount of the assel is eslim8led in ordef tts determine the extent of the impairrnenl loss lil any). 16-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting policies Icontlnuedl 1.9 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deptssits held at call with banks, other short-lerm liquid investrnents wlh original malurities of three months or less, and bank oveidraft5. Bank overdrafts are shown within borrowings in curfent liabilities. 1.10 Financial Instruments The charity has elected to apply the provisions of SectK)n 11 'Basic Financial Instruments, a1 Section 12 'Other Financial Instruments Issues, ol FRS 102 to all of its financial instruments. Financial instrurnents are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions ol the instrument. Financial assets and liabilities ale offset. with the nel amounts piesented in the finanual statements. when there is a legally enforable right to set off the recoonised amounts and there is an intention to settle on 8 nel basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets. whtch include debtors and cash and bank balances. are initially m8asured at transaction pri including transadion c05t5 and are subsequently ra[ed al amortised cost using the effective interest method unless the arrangement constilules a financing transaction, where the transaction is rneasured at the present value of the futu receipts discounted at a rnarket rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilitles Basic Iinancial liabilities, including credittsrs and bank loans are initially recognised at transaction price unless the arrangernent constitutes a financing tiansaciion, where the debt instrument is measured at the present value of the future payrnenls discounted at a market rate ol inteiesL Finanaal liabilrties classified as payabl8 within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditois a obligations lo pay for goods or Services that have been 8cquiied in the ordinary course of operations from suppliers. Amounts payable afe cjassified as current liabilities if paytnent is due within one year or less. If not, they are presented as non-current liabilities. Tr8d8 creditors are recognised initially al transaction price and subsequentty measured at atnortised cost using the effective interest method. Derecognition of finanelal Ilabllltles Financial liabilities are derecognised when the charity's coniractU81 obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday enternent Is cognised in th8 period in which the employee's services are received. Temiination benefrts are recognised immedialety as an expense when the charity is detnonstrably committed to terminate the employmenl of an employee 01 to provide termination benefrts. 1.12 Retlrement benefit8 P8yment5 to defined contribution rebrement benefit schemes are charged 85 an expense as they fall due. 17-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Critical accountlng estimates and judgements In the 8pplicalion of the ch8rily'5 accounting policies, the TTUStees are required lo make judgetnents, estimates and assumplions about the carrying amount of assets and liabi1ilies that are not ieadily apparent from other sources. The estimales and associated assumptions ale based on historical experience and other factors Ihal are considered to be relevant. Adual results may differ from Ihese estimates. The eslim8tes and underSying assumption5 are reviewed on an ongoing bask%. 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 peiiod ol the revision and future peiiods where the ievision affects both current and future perK)ds. Income from donatlons and legacies Unrestricted Restricted funds ftJnd$ 2024 2024 Total Unresthcted Restricted funds funds 2023 2023 Total 2024 2023 Grants Donated goods and serviS 724,510 680,879 1.405,389 644,069 419.889 1,(3,958 15,750 15.750 45.443 45,443 740,260 680.879 1,421,139 689,512 419,889 1,109.401 Income from other tradiny activities Unrestricted Unrestricted fund8 funds 2024 2023 Fundraising events Sponsorships and soual lotterie5 145,310 126,657 64,945 210,344 Other trading activities 271,967 275.289 other income Unre8tricted Unrestricted funds funds 2024 2023 Other income 122,204 64.895 18-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Expenditure on raising funds Unrestricted Unrestrf¢ted funds funds 2024 2023 FundraisirFg and publiclty othei fundraising costs 15,019 3,704 Expenditure on charitable activitses Programme Programme delivery delivery 2024 2023 Staff costs Facility hife (Xher fundraising costs Chaiitable donations Other p[raMMe delivery Peel Park 542,648 63,975 26,000 5,241 70,612 396.500 41,882 34.167 27,583 34,376 130.641 708,476 665,149 Grant fvnding of activiti8s18ee note 81 85,831 11.389 Share of support and governance costs Isee note 91 Support Governance 673,200 61,320 669,953 42,195 1,528,827 1,388,686 Analysis by fund Unrestricted funds Re5tiicled funds 835.948 692,879 980,797 407.889 1.528,827 1.388,686 Grants payable Programme Programm• delivery delivery 2024 2023 Grants to individuals 85.831 11,389 19-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Support costs Sltpport Govemance costs costs 2024 Support Governance costs costs 2023 Slaff costs Depreaation I Amortisation Rent & Rates Fundraising subriptions Oftice funning costs Insurance Workweai Travel & subsistence Accountancy 465,739 465,739 390,395 390,395 21,472 38,714 14,827 4,479 63,509 10.570 5.347 35,044 13.499 21.472 38,714 14.827 4,479 63.509 10.570 5.347 35,044 13,499 21,357 52,356 73,922 8,772 43.024 5,398 24,313 46,080 4,336 21.357 52,356 73,922 8,772 43,024 5.398 24.313 46.080 4,336 Audit fees Legal and professional Consuttancy Bank charges and inteiest 7,200 27,865 24.257 7,200 27.865 24,257 6,000 13,850 20,492 6,000 13,850 20.492 1,998 1.998 1.853 1,853 673,200 61,320 734.520 669.953 42,195 712,148 Analysed belween Charitable actwities 673,200 61,320 734.520 669,953 42,195 712,148 10 Net movement in funds 2024 2023 The net movern8nt in fijnds is staled after th8rgingllcrediting}'. Fees payable to the charitys auditor.. for the audit of the charrty's finn£1 statements for other financial services Depiecialion ol owned tangible fixed assets Amort15ab"on ol intangible assets Operating lease charges 7.200 13,499 20.347 1,125 38,513 6,0(X) 4,336 19.857 1,500 51,889 11 Trustees None of the Trustees lor any persons connected wlh them) receNed any remvneration or benefits from the tharity during the year. -20-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 12 Employees The average monthly number of etllployees during the year was.. 2024 Number 2023 Number 61 Employment ¢o$ts 2024 2023 Wages and salaiies Social security costs Other pen%on costs Other staff costs 924.043 68,055 13,846 2,443 719,832 54.673 10,817 1,573 1,008.387 786,895 The numl)er of employees whose annual mUneratiOn was rnore than £60,000 is as follows.. 2024 Number 2023 Number £60,001- £70,000 13 Other Unrestricted Unrestricted funds funds 2024 2023 Other expenditure 17,158 13,679 17,158 13.679 14 Yaxatlon The charily is exempl trom laxatK)n on its actiwties because all its in(x)mÈ is applied for charitable purposes. 21
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 15 Intangib fixed assets lebslte Cost Al 1 Ntsvember 2023 and 31 Octobe¥ 2024 4.500 Amortisation and impasmient At 1 November 2023 Amortisation charged for th8 year 3.375 1,125 At 31 October 2024 4.500 Carrying afflount At 31 October 2024 Al 31 October 2023 1,125 16 Tangible fixed assets Lea88hold FIXr¢S and Improvements fittings Computer *q¥lpments Motor vehlclTr$ Total Cost Al 1 November 2023 Additions Disposals 1,940 1.349 11891 37,947 5.847 65,400 105.287 10,784 (1891 3,588 At 31 October 2024 3.588 3,100 43,794 65,400 115,882 D8preclation and impaimient At 1 November 2023 Depreciation thaiged in the year 613 762 26.291 7.304 16,275 12,281 43.179 20,347 At 31 October 2024 1,375 33,595 28,556 63,526 Carrying amount Al 31 October 2024 3,588 1.725 10.199 36,844 52,356 At 31 October 2023 1,327 11,656 49,125 62,108 17 Debtors 2024 2023 Arnount8 falling due withln one year.. Tr8de debtors Other debtors Prepayments and awiued income 320,554 349,321 1,000 19.098 82,498 403,052 369,419 -22-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 17 Debtors Icontinuedl Trade debtors provided against in the year were £nil12023.. £45.6621 18 Creditors: amounts falling due within one year 2024 2023 Notes Othei taxation arKI Social security Oeferred income Trade creditors Other creditors Ac(xuals 15,391 487,757 30,921 2,459 32.214 12.300 534,542 111.846 6,828 18,365 19 568.742 e83,881 19 Deferred income 2024 2023 Other deferred income 487,757 534,542 Deferred income arises due to giant and sponsorship incorre ieceNed in advan of fvture projects, and is inc5uded in the financial statements 35 folk)ws'. 2024 2023 Deferfed income is included within.. Current liabilities 487,757 534.542 Movements in the year.. Deferred income at 1 Novembei 2023 Released frotn previous periods Resources deferred in the year 534.542 1534,5421 487,757 284,539 250.(X)3 Deferred income at 31 Ociober 2024 487,757 534,542 20 Retirement benefit schemes 2024 2023 Defined contributlon schemes Charge to prolil or105s in iespect of defined contriFJJlion scherne5 13,846 10,817 23-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 20 Retirement benefit schemes (Continued) The charity operates a defined conliibution pension scheme foi all qualifying employees. The assets of the scheme ale held separately frorn Ihose of the charily an independently adminislered fund. 21 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on tiust subject to specific condittons by donors as lo how they may be used. At1 November 2023 Incoming resources Resources At 31 October expended 2024 LTA Foundation JD Foundation NFL Foundation Rochdale Borough Counul Stockport Council The Football Association Ltd Transportfor Gater Manchester Northern Railway Islamic Relief UK Youth UA92 BBC Childrt in Need Big Life Centres Veterans Foundations 25,657 30,000 23,500 60,000 7.800 15,(KlO 142,000 28,000 35.300 {25,657> {30,0001 P3,5001 160.0001 (7,6001 {15,000) 1142.0001 (28,0001 135.3001 112,000) (85,831) {20,0001 1187.7911 120.0001 12.000 85,831 20,000 167,791 20,0(X) 12,000 680,879 {692,8791 Previous year.. At1 November 2022 Incoming resources Resources At 31 October expended 2023 National Lottery Community Fund Transport for Greater Manchester Avanti Vvest Coast Holiday Activity Fund Violence Reduction Grant Fit F8nslEFL Tiust Mental Health Transformation oificer Role Emerging Talent Centre Veterans Foundation UK Youth UA92 10,000 100.000 120,000 51,000 60.OQKI 2.500 18,000 15,(X)O 20,000 12,000 11.389 110.0001 (100.0001 {120,0(K)I 151,0001 160,0001 12,5001 (18,0001 {15,000) 120,0001 12,000 111.3891 419,889 (407,8891 12.000 -24-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 22 Unrestricted funds Th8 unTestricted funds of the ohaiity comprise the unexpended balances ol donations and grants which 8r8 not subject to speafic conditions by donois and grantors as to how they may be used. These include designaled funds which have been set aside out ol unrestricted funds by the ttUStees lor specific purposes. Atl November 2023 Incoming resources Resources At 31 October expended 2024 General funds 581,977 1,134,431 {868,1251 848,283 Prevlous year: At1 Incoming sources Resources At 31 October expen(led 2023 Novetnber 2022 General funds 550,461 1.029.696 1998,1801 581,977 23 Analysls of net assets between funds unStrICted funds 2024 Restricted fund5 2024 Total 2024 At 31 October 2024= Tangible assets Current assetsloiabilities) 52,356 795.927 52,356 795,927 848,283 848,283 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 October 2023: Intangible fixed assets Tangible assets Current assetsllliabilities) 1.125 62,108 518,744 1,125 62,108 530,744 12.000 581,977 12,000 593,977 -25-
FOUNDATION 92 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 24 Operating lease commitsments Al the reporting end date the chaiily had outstanding commitments for future minimum lease paytnenls under non-cancellable operating leases, which fall due as follows.. 2024 2023 Within one ye3r Between two and five years 28,239 28,775 20,000 28.239 48,775 25 Related party transactions By way of Mmon management, Salford City Football Club Limited at)d 01d Tralford Supporters Club Limited are related parties. During the year. the tharity reiVed donations valued £15.75012023'. £8,13n from Salford City FcKitball Club Limited and £nil12023.. £4,306) from Old Trafford Supporters Club Limited. DLJring the year Ihe charity was iechaiged expenses from Salford City Fotstball Club of £1,28812023.. £9,145), and at the year end owed S8Word City Football Club £17612023: £7671. 26 Cash generated from operatsons 2024 2023 Net income for the ye8T 254,306 43.516 Adjustments for: Amortisalion and impairment ol intangible assets Depreciati(m and impairrnenl of tangible fixed assets 1,125 20,347 1,500 19,857 Movements in working ¢apitsl'. Ilncieasel in debtors (Decreasellincrease in creditors IDecreasellinueasÈ in deferred InMe {33,633) 168.3541 146,7851 (78,8541 103,757 250,003 Cash generated from operations 127,006 339,779 27 Analysis of changes in net funds The tharty had no material debt during the year. -26-