Charlty reglstration number 1180246 (England and Wal9$} SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
SALFORD CITY FC FOUNDATION {FORMERLY KNOWN AS FOUNDATION 92) LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Giggs Y Harrison T Camilleri W Lewis R Buckley G Wilson J Jackson G Fleig IAppoinled 25 June 20251 IAppointed 12 June 20261 Head of Foundation M Ingham-Griffilh MAgnew England and Wales (Appointed 1 September 20251 Ilnteriml 1180246 Charty registratlon Prlnclpal address Sl. James House Pendleton Way Salford Greater Manchester M6 5FW Audltor Champion Accountsnts LLP 1 Worsley Court High Street Worsley Manchester M28 3NJ
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) CONTENTS Pagg Trustees. report Statement of Trustees, spOnSIbl1111eS Independent auditor's report 8-10 Statement of financial activities Balance sheel 12 Slalemenl of cash flows 13 Notes to the financial statements 14-26
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees present their annual report and audited financial slalemenls for the year ended 31 October 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Re¢ommended Practice applicable lo chaiilies preparing their accounts in accoidance with the Financsal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" Oblectlves and actlville$ Oblectlves The objectives of the charity are for the public benefit auoss Sallord and beyond by.. Promotion ol community participation in healthy recreation by providing appropriale opportunities for engagement in sport and sporting 8etivily capable of improving physical heahh, wrth an emphasis on football Promotion of good mental health within the community by providing appropriate opportunities for engagement in sport and sporting activity directed lo relieving mental health, with an emphasis on football. Provide and assist in provi(Jing appropriate opportunities for sport, Tecrealion or other leisure time ocGvpalion of such person5 who have need for such facilities by reason of their youth, age, Infirmity or disablement. poverty or social and economic circumstances or for the public at lafge in the interests of social welfare and with the objects of improving their conditions of life. Promote the education of people wlh disabilities, young people who have offended or are at risk of doing so, people who are homeless or are al risk of being made homeless, and people who are in need by reason of their age. poverty, or soual or economic circumstances, in particular, bul without linilalion by.. A. Awarding lo such persons scholarships, maintenance allowances or grants lo allow them lo undertake further or higher education or access courses to further or higher education., B. Making gran15 to fund additional facilities and eouipmenl al educational eslablishmenls in the Greater Manchester area to facilitate access to education, and C. Delivering community oulreath, integration, and programmes lo widen participation in further education by such persons throughout the UK. The Trustees have paid due regard lo guidance issued by the Charity Commission on public benefit. in deciding what activities the Charity should undertake.
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Achlevomgnts and perfomiance Over the past twelve months, Salford City FC Foundation formally Foundation 92 (The Foundalionl. has slrenglhened its t)ortfolio of work via a wde array of activities aimed at engaging and supporting residents of Salford and beyond, thereby contributing lo address and focus on the reduction ol inequalities and fostering positive outcomes for our communty. The Foundation's delivery team has demonslraled unwavering dedication to supporting all members of our community through a holistic, Inclusive, and sustainable approach. The reporting period has been notably posilive, progressive. and rewarding, further Cementing the presence of the charity in the heart of Salford. In addition lo supporting some of the most disadvantaged and marginalised communities, the Foundation continues to deliver lif&changing inlervenlions across the region thereby extending both its impact and value to the residents of Salford Concurrently. the Foundations team, supported by the Charities Board of Trustees, has undertaken consislenl and proactive steps lo enhance governance, practices. and procedures alongside the developrnenl of a new strategy which was su¢ce5slully launched In July 2026. Throughout this year. the FoLtndation has made significant progress toward ils strategic objectives by launching innovative programmes and deliverin9 communily-focused projects and workshops. The Foundation has also gained reeognilion at local, regional, and national levels. This ongoing commitment has allowed the charity lo make meaninglul progress It)ward meeting the highest Standards sel by the EFL'S Capability Code of Practi. The entire team sincerely thanks all our partners, especially Salford City Football Club, for their continued support. Highlight and flagship areas of focus and athievemenls within the reporting period include", Supported by partners and volunteers. we delivered 1,7e4 Christmas presents acfOSS Salford. The official Premier League Trophy visited Primary Schools across Salford, and the Foundation hosted an interactive workshop. Salford City FC Foundation were nominated for the Made in MancheslerAwards for Team of the Year. Appointed Kevin McC105key as oui 2025 Premier League Community Captain for his outstanding commitment lo serving the Salford community. The Foundation in partnership with Royal Manchester Children's Hospital launched the Champions for Children Gala Dinner, raising £267,412 shared equally across both charities. Funding secured from Islamic Relief UK allowed the purchasing of 500 food packs which were handed out lo our comrnunity. The Foundation's Premier League Kicks, under 16 girls team. won the Premier League Kicks Regional Cup As part of Mental Health Awareness Week, the lean7 delivered the Our Goal workshop to schools across Salford. The Foundation supported The Federation of Jewish Charities lo deliver a community event, as part of their BarBal Mitzvah programme. th thanks lo the Moulding Foundation and their donation, both Salford City FC Foundation and UA92 have been able lo support 16 University students who each received financial aid in the form ol a non- repayable bursary Our Women's Walking Football goalkeeper, was selected lo represent England's Walking Football Team in the Four Nations Cup.
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2025 Volunteers and staff from the Denis Law Legacy Trust supported the Foundation's programmes as part of the annual volunteer transfer. Over 200 girls attended the Emerging Talent Centre trials, a record number for Salford City FC Foundation. Our holiday programmes, supported over 250 individual participants. Young fans attended the Salford City FC open training session al the Peninsula Stadium. Salford City FC academy scholars visited our Premier League Kicks session al Albert Park, taking part in a Q&A. We received a 3-year grant from the Veterans Foundab"on, aimed al improving the soci81 and physical health of veterans Veterans laid a poppy wreath on the centre circle before observing a minute's silence al the Salford City FC Remembrance Game. We hosted the Age UK SaKord & Trafford Dernenlia Olympies which was a great aftemoon of chair- based exercises and gamesl The EFL Week Of Action which saw Salford City FC Foundation shine a light on all of our work across the week. Our girls Emerging Talent Centre teams and Women's Walking footballers supported the Saword City Lionesses at their fixture 81 the Peninsula Stadium. duc Our Education team supporte(l over 4,700 individuals in Education during 2025 across various programmes, including Premier League Piimary Stars, JD Achieve. financial literacy, and small group-based interventions. In 2025, 89% 01 young people reported increased understsnding ol anIdIscrimInall0n, while 94% felt more confident reporting discrimination. Throughout the academic year, the charity has worked with schools across Silford, delivering 12,584 hours and recording 183,878 attendance visits lo ils PfOVlSlOn. Donations and gifts from the Moulding Foundation have enabled the Charity and University Academy 92 10 collaborate on a non-repayable bursary of financial aid, supporting 16 university students. Each bursary has been specifically tsrgeled towards those students from disadvantaged backgrounds
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 mm outh Work The charity has supported over 10,000 individuals across our communty programmes, through sport, youth work, holiday provision and community outreach. The behaviour change piogramme, in partnership wlh Transport for Grealel Manchester, engaged with 3.844 young people alone across the transport network, contributing to a saler community. Premier League Kicks. which is delivered across four locations in Salford, saw an increase 011500/0 of female participants since 2023, which dernonslrales strong progression within female only provision. Throughout the year the charity has delivered 8,671 community faung hours fecording 32,611 attendance visits into Ils provision. Each sess10n is delivered by hTghly qualiffed staff who are dedicated lo empowering young people in their community lo thrive and adopt healthier lifestyles. At the Foundation our mission is lo empower, educatè and improve lives, by reducing inequalities and creating opportunities. in Throughout 2025. Salford City FC Foundation's Health and Wellbeing team has supported over 380 ind'viduals through a variety ol health and wellbeing programmes aimed al reducing health inequalities. These have included Dementia Walking Sports, Fil 92, and corporate fitness sessions alongside many more opportunities lo build resilience and manage copin9 mechanisms for Tnental illnesses. In particular. Fil 92 has been a great success throughout the year, with 1 OOOA of participants improving their diet and physical activity level, and 90QA reporting improved mental health. Throughout the year the Foundation has delivered 3,468 Health and wellbeing communty facing hours recording 10, 925 attendance visits into ils provision Led by The Big Life group. the Foundation offered free, personalised support lo individuals regarding improving wellbeing. slrenglhening family relationships, or getting help with money. Foundation 92 delivered lo support and motivate partieipanls lo make posttive changes lo o wide range of aaS in their lives, including.. Physical and emotional well-being Family and relationships Building social connections Money management skills AesS lo training and employment The Wellbeing Hub was been able lo support participants lo save financially on their bills through the help of our money management ¢ourses.
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Fln The Trustees are pleased with the charity's robust financial performance over the past year. The charity has maintained reserves that exceed five months, worth of operating expenses, providing a solid financial cushion in 8 tough economic climate. The charity maintains a diverse range of income sources. comprising both reslricled funds earmarked for specific inilialives and UnstrICted funds that support the organi5alion's broader strategic aims. This finanoal flexibility enables the charity lo respond effectively to the evolving needs of Ihose we serve and ensures alignment with the F04Jndation's overarching objectives. The Trustees remain confident that, supported by robust policies and well-defined slralegies, the charity is positioned for ongoing growth and suslainabilily. We are dedicateLI lo operaling in a foNar(klhinking manner, adapling to changes while remaining true to our core mission. Our policy is to relain unrestricted reserves equivalent to al least six months of total expenditure. The TrLslees consider this level of reserves essential lor safeguarding our ability to continue crili¢al operations In the event of a significant reduction in funding. By maintsining these reseNes, we can deliver essential services wlhoul interruption while actively seeking new fundraising opportunities. Throughout the year. the charity has met ils planned reserve targets. Al every board meeting, Trustees review the Foundation's financial performance to identify and miligale potential risks, ensuring our protocols remain effective. This approach underpins the charity's resilience and continued success in fUillIng ils mission. Structure governance and rnanagement The chanty is a Charitable Incorporated Organisalion. The Trustees who served during the year and up lo the date of signature of the finanei81 statements were.. R Giggs Y Harrison T Camilleri WLewis R Buckley G Wilson J Jackson G Fleig IAppoinled 25 Junè 20251 IAppoinled 12 June 20261 During the year, the Foundation appointed an interim CEO (Matthew Agnewl from 10th March 2025 10 31st August 2025, before appointing Martin Ingham-Grrfith as CEO on 1st September. Matthew Agnew then resumed his role as Deputy CEO. Risk Assessment The Trustees. having examined the major slralegic, business and operational risks which the charity faces and confirm that policies have been established lo ensure regular monitoring and reporting This will allow for timely intervention when necessary lo reduce these risks.
SALFORD CITY FC FOUNDATION {FORMERLY KNOWN AS FOUNDATION 92) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Partners The Trustees of the Foundation would like lo place on record their sincere thanks lo each partner who has d1ctlY Supported the life-changing work. In particular, the Foundation would like to thank the following partners for their outstanding support.. 1 st Central BBC Children in Need BrightHR British Transport Poli Bupa UK Foundation COMMUNITY Little Hullon Cruyff Foundation EFL in the Communty Football Foundation Giealer Manchester Police Greater Manchester Moving Islamic Relief Jigsaw Homes Kellogg's Manchester LTA Tennis Foundation MEComms National Literacy Trust. Network Rail Northern Rail Rochdale Council Salford City Council Salford CVS Salford Community Leisu Salford Foodbank Stockport Council Tandem bank The FA The Professional FootballersAssocialion The Workers Educational Association Trafford Council UK Youth Veterans Foundation AgeUK Salford and Trafford Beyond Sport B & M Retail Limited British Triathlon Clarion Futures Crewe lo Manchester Rail Partnership Denis Law Legacy Trust Experian Freeki¢ks Foundation Greater Manchester Violence Reduction Unil Hotel Football JD Foundation JMW Kuil Steinart Levy LLP McDonalds Moulding Foundation National Lottery Community Fund Nel Worfd Sports Premier League Foundation Royal Manchester Children's Hospital Charity Sallord City Football Club Salford Lads Club Salford Youth Zone Sport England Tameside Melropolilan Bourgh Council The Big Life Group The Federations of Jewsh Services The Welfare Service The Big Lrfe Group Tran5POrt for Greater Manchester University Academy 92 The Trustees, report was approved by the Board of Trustees. Y Harrison Trustee Dated." 28Augusl 2026
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees are responsible for preparing the Trustees, Rèport and the financial slalemenls in accordance wlh applicable law and Unrted Kingdom Accounting Standards Iunited Kingdom Generally Apted Accounting Practice). The law applicable lo charities in England and Vvales requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial slalemenls, the Trustees are required lo". select suitable accounting policies and then apply them consislenlly", observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial staternenls." and prepare the financial slalements on the going concern basi5 unless il is inappropriate lo presume that the charity 11 continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial slatemenls 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 charity and hence for taking reasonable steps for the prevention and detection ot fraud and other irre9ularilies.
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SALFORD Clry FC FOUNDATION Oplnlon We have audited the finaneial Statements of Salford City FC Foundation Ilhe 'charity'l for the year ended 31 October 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial slalemenls, including significant aecounling policies The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, ineluding Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion. the financial 51alements'. give a true and fair view of the slate of the charity's affairs as at 31 October 2025 and of ils incoming resOurS and application of SourCes, for the year then ended, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi,. and have been ppared in accordar¢ce with the Charities Act 2011. Ba$ls for opinlon We conducted our audit in accordance wth International Standards on Auditing IUKI IISAS IUK}) and applicable law. Our responsibilities under those standards are ftjrther desuibed in the Audilorfs SponSibl15 for the audit Ihe lii?ancial slalemenls section of our report. We are inclependenl of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled OUT Other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined Is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng concem In auditing the financial statements, we have concluded that the Trustees, use of the going concerrb basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have nol idenlthed any material uncertainties Telaling lo events or conditions that. individually or collectively. may cast significant doubl on the charity's ability to continue as a going concern for a period ol al least twelve months from when the financial slalements are aLrthorised for issue. Our responsibilities and the responsibilities of the Trustees wth iespect lo going concern are deseribed in the relevant sections ol this report. Other Infom)ation The other information comprises the information included in the annual report other than the finala1 slalemenls and our auditor's report Ihereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on Ihe financial slalements does not cover the other information and we do not express any form of assurance conclusion theon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent wrth the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misslaled If we identify such material inconsistencies or apparent material rnisstatemenls. we are required to determine whether this gives rise to a malerk?I misslalemenl in the financial statements themselves. If. based on the work we have performed, we conclude that Ihefe is a material rnisslalemenl of this other information, we are required to report that fact. We have nothing lo report In this regard Matters on which we are requlrgd to report by exceptlon We have nothing to report In respect of the following matters in relation to which the Charities {Accounls and Reports) Regulations 2008 requires us lo report to you if, in our opinion". the information given in the financial slalemenls is Inconsistent in any material fespect wth the Trustees, report., or sufficient ac¢ounling cOrdS have not been kept.. or the financial slalements are not in agreement with the accounting records". or we have not received all the information and explanations we require for our audit.
SALFORD CITY FC FOUNDATION {FORMERLY KNOWN AS FOUNDATION 92) INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF SALFORD CITY FC FOUNDATION Responslbllltles of Trustees As explained more lully in the statement of Trustees, responsibilities, the Trustees are responsible for the preparation of the financial stalemenls 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 slalemenls that are free from material misstatement. whether due lo fraud or error. In preparing the financial slalemenls. the Trustees are responsible for assessing the charity's ability lo continue as a going concern. disclosng. as applicable, matters related lo going concern and using the goin9 concern basis of accounting unless the Trustees either intend lo cease operations, or have no realistic alternative bul lo do so. Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under seciion 144 of the Charities Aet 2011 and report in accordance wlh the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance 81)oul whether the financial statements as a whole are free from material misslalement, whether due to fraud or error. and lo Issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance wilh ISAS IUKI will always detect a material rnisslalemenl when il exists. Miss¢alemenls can arise from ffaud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic deeisions of Ltsers taken on the basis ol these finaneial slalements. The extent lo which our procedures are capable of delecling irregularities. including fraud. is detailed below. As part of our planning process.. We enquired of management the systems and controls the eharily has in place. the areas of the financial slalemenls that are mostly susceptible lo the risk of irregulafilies and fraud. and whether there was any known, suspected 01 alleged fraud. The charity did ng1 inform us of any known, suspected or alleged fraud. We obtained an understanding of the legal and regulatory framework5 applicable lo the charity We detemiined that the following were most relevant.. FRS 102. Charities Act 2011 & the Health and Safety act 1974. We considered the incentives and opportunities that exist in the charity, Including the extent ol management bias. which present a potential for irregularities and fraud to be perpelualed. and tailored Dur risk assessment accordingly. Using our knowledge of the chanty. together with the discussions held wth the charity al the planning stage, we formed a conclusion on the nsk of misslatemenl due to irregularities including fraud and tailored our procedures according to this risk assessment. In response lo the risk of IrTegularilies and non-compliance with laws and regulations. including fraud. we designed procedures which included". Enquiry ol managefflenl and those Charged with govemance around actual and potential litigation and claims as well as actual, suspected and alleged fraud,. Reviewing minutes of meeting5 of those charged wlh govemance". - Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection, Reviewing financial slalemenl disclosures and testing lo supporting documentation lo assess compliance with applicable laws and regulations". Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators ol potential bias. There 8re inherent limitations in the audit procedltres described above. The more removed that laws and Tegulalions 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 ancl regulations lo enquiry of the directors and other management and the inspection of regulatory and legal correspondence. if any. The risk of not detecting a material misslalement resulting from fraud is higher than one resulling from error. as fraud may involve collusion, forgery, inlentsonal omissions, misrepresenlalions, or the override of internal control.
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF SALFORD CITY FC FOUNDATION A further description of our responsibilities is available on the Financial Reporting Council's website at." https'.11 www.frc.org.uklavditorsresponsibilitie5. This description forrns part of our auditorfs report. Other matte Your attention is drawn to the fact that the charity has ppared financial statements in accordance wilh'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 IFRS 1021" las amended) in preference lo the Accounting and Reporting by Charities." Slalemenl of Recommended Pra¢liee issued on 1 April 2005 which is referred lo in the extant regulations bLJI has now been withdrawn. This has been done in order for the financial statements lo provide a true and fair view in accordance with cuNent Generally Accepted Accoun11ng Practice. Use of oyr report This report is made solely lo the charity's Iruslees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has tr*en undertaken so that we might state to the charity's Trustees those matters we are required lo state to them in an auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Trustees as 8 body, for our audit work, for this report. or for the opinions we have formed. LL4, Champion Accountants LLP, Slalutory Auditor Chartered Accountsnts 1 Worsley Court High Street Worsley Manchester M28 3NJ 28 August 2026 Champion Accounlanls LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 10-
SALFORD CITY FC FOUNDATION {FORMERLY KNOWN AS FOUNDATION 92) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOMEAND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 OCTOBER 2025 Unrestrlcted Restricted fund$ funds 202S 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments frorn.. Donations and legacies Other trading activities Other income 244,833 487,797 53,618 925,137 1,169,970 487.797 53,618 740,260 271,967 122,204 680,879 1,421,139 271,967 122,204 Total incomg 766,248 925,137 1,711.385 1,134,431 680,879 1,815.310 Expendlture on: Raising funds Charitable activities Other expenditure 248,660 612.368 12.996 248,6eO 903,998 1,516,366 12,996 15,019 835,948 17,158 15,019 692,879 1,528,827 17,158 13 Total expenditure 874,024 903,998 1,778,022 868,125 692,879 1,561,004 Net incom&lloxp&ndlturel and movement in funds {87,7761 21,139 166,6371 266.306 112,0001 254,306 Reconciliation of funds: Fund balances al 1 November 2024 848.283 848,283 581,977 12,000 593,977 Fund balancos at 31 October 2025 760,507 21,139 781.646 848,283 848,283 The statement of fi'nancial activities includes all gains and losses rvognised in the year. All income and expenditure derive from continuing activities.
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) BALANCE SHEET ASAT31 OCTOBER 2025 2025 2024 Notes Fixed assets Tangible assets 15 41,266 52.356 Current assets Debtors Cash at bank and in hand 16 244,987 889.265 403.052 961,617 1.134.252 1.364,669 Credltors.. amounts falling due within one ygar 17 {393,872) 1568,7421 Net current assets 740,380 795,927 Total assets less current Ilabilities 781,846 848,283 The funds of the charlty ReslricleLI Income funds Unrestricted fund$ 20 21 21,139 760.507 846,283 781.646 848,283 The financial slalement5 were approved by the Trustees on 28 August 2026 Y Harrison Trustse 12-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2025 2025 2024 Notes Cash flovrn from operating activ5tle$ Cash (absorbed byllgeneraleo from operations 26 167,0281 127,006 Investing actlvitles Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets 15,3241 110,7841 189 Net ¢a5h used in investlng activitie5 15,3241 110,5951 Net cash generated from financing actlvltles Net Ide¢rease)Ilncrease in cash and cash equivalents 172,3521 116,411 Cash and cash equivalents al be9inning of year 961,617 845,206 Ca$h and cash equivalenls at end of year 889,265 961,617 13-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accountlng policies Charity information Foundation 92 is a charitsble incorporated organisalion, with the registration number of 1180246. 1.1 Basis ot preparation The financial slalemenls have been PTepared in accordance with the charity's conslilulion of a Charitsble incorporated organisation. the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" l°FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities". Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021" leffeclive 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The financial slalements have departed from the Charities (Accoun15 and Reports) Regulations 2008 only lo the extent required lo provide a true and fair view This departure ha5 involved following the Statement of Recommended Practice for ehanlies applying FRS 102 rather than the version of the Slalemenl of Recommended Practice which is referred to in the Regulations bul which has since been withdrawn. The financial slalements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded to the nearest £. The financial slalements have been prepared under the historical cost convenkn'on. The principal accounting policies adopted are sel OLrt below. 1.2 Golng concern Al the time of approving the financial slalements, the Trustees have a sSonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trw8lees Continue lo adopt the going concern basis of accounting in preparing the financial slalemenls. 1.3 Charitable funds Unrestricted funds are available for use al the discreb'on of the Trustees in furtherance of their charitable objectives. 1.4 In¢ome Income is recognised when the charrty is legally entitled to il after any performance conditions have been mel. the amounts can be measured lIably, and il is probable that income will be received. Cash don81ions are recognised on receipt Other donations are fecognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised al the time of the donation. Lega¢ies are recognised on receipt or otherwise if the charity has been nolified of an impending dtslnbulion. the amount is known, and receipt is expe¢ied. If the amount is not known, the legacy is treated as a cgntingenl asset. Assets for distribution are recognised only when distributed. Assets given for use by the charity are re¢ognised when receivable. Stocks of undislribuled donated goods are not valueot for balance sheet purposes. Income received in the fomi of value in kind is recognised at fair value as the benerrt is received. 14
SALFORD CITY FC FOUNDATION {FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting polici9$ Icontlnuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured lIablY. Expenditure is classified by aclivily. The c051s of each activity are made up of the totsl ol dIrl costs and shared costs, including support costs Involved in undertaking each activity. 01cl costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activitS on a basis onsislenl with the use of resoUrS Central staff costs are allocated on the basis of time spenl. and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised on an accrual basis as a liability Is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure lo which it relates. Website 1.6 Tanglble fixed assets Tangible fixed assets are inrtially measured at cost and subsequently measured at cost, nel of depreciation and any impairment losses. 3 years slraighl line Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases. Leasehold improvements Fixtures and fittings Computer equipments Motor vehicles Over the life of the lease 3 years slraighl line 3 years slraighl line 25'h reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the staternent of financial activi(ies. 1.7 Impalmient of fixed assets Al each reporting end date, the charity review5 the carying amounts of rts tangible and intangible assets lo determine whether there is any indication that those assets have suffered an impairmenl loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al c811 with banks. other short-leim liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Finan¢ial Instruments Issues, of FRS 102 to all of its financial instruments Finanual instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraetual provisions ol the instrument. Financial assets and liabilities are offset, with the net amounts presented In the financial ststemenls, when there is a legally enforceable right to sel off the iecognised amounts and there is an intention lo settle on a nel basis or to realise the asset and sellle the liability simultaneously. 15-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Accounllng policies Icontlnued) Basic flnancialassets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing transaction, where the transaction is measured al the present value of the lulure receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic flnancial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslilules a financing Iransaclion. where the debt instrument is measured at the present value of the future payments discounted al a market iale of interest Financial liabilities classified as payable wrthin one year are not amortised. Debt inslrumenl$ are subsequently carried at amortised cost, using the effective interest rale methocl. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as eurrenl liabilities il payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost usjng the effective interest method. DeOgnItIOrt of financial liabililies Financial liabilities a dereeognised when the charity's contractual obligations expire or are discharged or Cancelled. 1.10 Employee benefits The cost ol any unused holiday enlillemenl is iecognised in the period in which the employee'$ services a received. Termination beneffts afe recognised immediately as an expense when the charrty Is demonstrably wmmitted to lewminale the employment of an employee or to provide termination benelts. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accountlng estimates and judgements In the application of the charity's accounting Policies, the Trustees are required lo make judgemenls. estimates and assumptions aboul the carrying arnounl of assets and Iiabililies that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant Actual ie5u115 may differ from these estimates. The estimates and underfying assumptions are reviewed or* an ongoing basi5. Revisions lo accotjnling eslimale5 are recognised in the period in which the eslim8te is revised where It)e revision affects rmly that period, or in the period of the revision and future periods where the revision affects both current and futu periods. 16-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Income from donations and legacies Unr•$trS¢ted Restrlcted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Grants Donated goods and services 244,833 925,137 1,169,970 724,510 680.879 1,405.389 15,750 15,750 244,833 925,137 1,169,970 740.260 680.879 7.421.139 Income from other tradlng actlvltles Unrestrictsd Unrestrictsd funds funds 2025 2024 Fundraising events Sponsorships and social lotteries 463,707 24,090 145.310 126,657 Other trading activities 487.797 271,967 Other Income Unrestrlcted Unrestrlcted fun(Is funds 2025 2024 Other Income 53,618 122,204 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Fundralsing and publicity Other fundraising costs 248,660 15,019 17-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Expendlture on charftable activltles Programme Programme dellvery dellvery 2025 2024 Staff costs Facility hire other fundraising costs Charitable donations Other programme delivery Bad debt 722,615 52,629 17.772 14,099 25,247 32.165 542,648 63,975 26,000 5.241 70,612 864,527 708,476 Grant funding ol activities (see note 81 83,327 85,831 Share of support and governance costs (see note 9} Support Govemance 517.719 50.793 673,200 61,320 1,516,366 1,528,827 Analysis by fund Unreslricled funds Restricted funds 612,368 903.998 835.948 692.879 1,516.366 1,528,827 Grants payable Programme Programme dellvery dellvery 2025 2024 Grants lo individuals 83,327 85.831 18
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2025 Support costs Support Govgrnancg costs costs 2025 Sijpport Governance costs costs 2024 Staff costs Depreciation I Amortisalion Rent & Rates Fundraising SubriptIons offi running costs Insurance Workwear Travel & subsistence Accounl?n¢y 311,490 311,490 465.739 465,739 16,413 101.129 20.820 3,155 30,692 10,142 3,449 8,661 11,768 16,413 101,129 20.820 3,155 30,692 10,142 3,449 8,661 11.768 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 Audit lees Legal and professional Consultancy Bank charges and interest 9,000 9,556 30,523 9,000 9.556 30,523 7,200 27.865 24.257 7,200 27.865 24,257 1,714 1.714 1.998 1,998 517.719 50.793 568,512 673,200 61,320 734,520 Analysed between Charitsble aclivrties 517,719 50.793 568,512 673,200 61,320 734,520 10 Net movgmgnt In funds 2025 2024 The nel movement in funds is 51aled after chargin(CreditIngl'. Fees payable lo the charity's auditor.. for the audit of the charity's financial slalemenls for other financial services Depreciation of owned tangible fixed assets Amortisalion of intangible assets Operating lease charges 9,000 11.768 16.413 7,200 13.499 20.347 1,125 38.513 101,129 11 Trustees None of Ihe Trustees lor any persons connected wrth them) received any remunefalion or benefits fr(m the charity during the year. 19-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 12 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number 50 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs Other staff costs 999,971 29,532 4,602 924,043 68,055 13.846 2,443 1,034.105 1,008.387 The number of employees whose annual remune¥ation was more than £60,000 is as follows.. 2026 Number 2024 Number £60,001- £70,000 13 Other Unrestricted unstrICted funds funds 2025 2024 Olher expendrture 12,996 17,158 12.996 17,158 14 Taxation The tharity is exempl from laxalion on its activities because all its income is applied for charitable purposes. -20-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 IS Tangible fixed assets Lea88hold Flxtures and irnprovements frttings Computer equlpments Motor vehi¢les Total Cost At 1 November 2024 Additions 3.588 1.194 3,100 1,500 43,793 2,630 65.400 115.881 5,324 Al 31 October 2025 4,782 4,600 46,423 65,400 121,205 Depreclatlon and irnpalrnient Al 1 November 2024 Depreciation charged in the year 1,375 1,338 33,595 5,864 28,556 9,211 63,526 16,413 At 31 October 2025 2,713 39,459 37.767 79,939 Carrying amount Al 31 October 2025 4,782 1,887 6.964 27,633 41,266 Al 31 October 2024 3.588 7,725 10,199 36,844 52,356 16 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Piepayments and accrued income 184,985 60,002 320,554 82,498 244.987 403.052 Trade deblors provided a9ainst in the year were £32,16512024 £nill. 17 Crndltors.. amounts falllng due within one year 2025 2024 Notes Other taxation and social security Deferred income Trade creditors Other creditors Accruals 26,911 303,260 10.886 6,564 46.251 15,391 487,757 30,921 2,459 32,214 18 393,872 568,742 21
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 18 Deferred Income 2025 2024 Other deferred income 303.260 487.757 Deferred income arises due lo grant and sponsorship income received in advance of future projects. and is included in the financial slalements as follows.. 2025 2024 Deferred income is included within.. Current liabilities 303,260 487,757 Movements in the year.. Deferred income al 1 November 2024 Released from previous periods Resources deferred in the year 487,757 1487.7571 303,260 534,542 1534,5421 487,757 Deferred income al 31 October 2025 303,260 487,757 19 Retlrement benefit schemes 2025 2024 Defined contrlbutlon schemes Charge to profit or loss in respect of defined contribution schemes 4,602 13,846 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 22-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 20 Reslrl¢ted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subjecl lo specific conditions by donors as lo how they may be used. At1 November 2024 Incoming resources Resources Al 31 October expended 2026 83,328 34,209 2,653 98.182 30.000 15,600 17,760 100.000 32,667 5,800 183.3281 134,2091 12.6531 194,311) 130,000) 115.600) 11,0211 1100.0001 132.6671 15,2721 LTA Foundalion Tameside Borough Council EFL Foundation Rochdale Borough Council Stockport Council The Football A550cialion Lld Transport For Greater Manchester Northern RaiaY Islamic Relief 3,872 16.739 Ell 528 Trafford council Workers educational association BBC Children in Need Big Life Centres Veterans Foundations Action Funder BUPA Foundation Clanon Housing Group National Literacy Trust National Lottery Community Fund Premier league charitable ftjnd 78.296 20.660 41.670 200.736 19,583 10,000 16,667 24,410 12.500 10.000 70,417 178.296) 120,660) 141,6701 {200.7361 119,5831 110,000) 116,667) 124,410) 112,500) 110,0001 170,4171 925.137 1903,998) 21,139 -23-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 20 Restrlcted funds Icontinuedl Previous year: At1 November 2023 Incoming resources Resourc8s At 31 October expend8d 2024 LTA Foundation JD Foundation NFL Foundab'on Rochdale Borough Council Stockport Council The Football Association Ltd Transportlor Greater Manchester Northem Railway Islamic Reliel UK Youth UA92 BBC Children in Need Big Life Centres Veterans Found8tions 25,657 30,000 23,500 60,000 7.800 15,000 142,000 28,000 35.300 125.657) 130,000) 123.500) 160,000) (7,8001 115,0001 1142,0001 128,0001 135.300) 112.000) 185,831) 120.000> {187,791) 120,0001 12.000 85,831 20,000 187,791 20.000 12,000 680,879 1692,879) 21 Unrestrlcted funds The unre51TiCted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the Iru5tees for specific purposes. Incoming resources Resources At 31 October exp9nded 2026 November 2024 General funds 848,283 786,248 1874,024) 760,507 Prevlous year- At1 November 2023 Incoming resources Resources At 31 October expended 2024 General funds 581,977 1,134,431 1868,1251 848,283 -24.
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 22 Analysis of net assets betsveen funds Unrestrlcted funds 2025 Restrlclèd funds 2025 Total 2025 At 31 October 2025: Tangible assets Current asselsllliabililiesl 41,2e8 719,241 41,286 740,380 21.139 760,507 21,139 781,646 Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 At 31 October 2024- Tangible assets Current asselsllliabilitiesl 52,356 795,927 52,356 795,927 848,283 84e.283 -25-
SALFORD CITY FC FOUNDATION (FORMERLY KNOWN AS FOUNDATION 92) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 23 Operating lease commltmgnts At the reporting end dale the charity had oulslanding commitments for fuluie minimum lease payrnents under non-cancellable operating leases, which fall due as follows.. 2025 2024 thin one year 40.937 28,239 Related party Iransactions By way of comrnon management, Salford City Football Club Limited ar Old Trafford Supporters Club Limited are relaled parties. During the year, the chafity received donations valued £nil 12024." £15,750> and £55,750 12024.. £nll donations-in-kind from Salford City Football Club Limited. Dunng the year the tharily was recharged expenses from Salford City Football Club of £2,101 12024." £1,2881, and al the year end owed Salford City Football Club £nil 12024.. £1761. The charity was recharged expnSeS from Old Trafford Supporters Club of £72712024. £nill and £70.00012024.' £nill from University Academy 92 Limited. 25 Cash labsorbed byvgenerated from operatlons 2025 2024 (Deficitllsurplus for the year 166,637> 254,306 Adjustments for: Amortisalion and impairment of intangible assets Depreciation and impaimienl of langiL)le fixed assets 1,125 20,347 16,413 Movgm9nts In worklng capSts1: Deereasellincreasel in debtors Increaselldecreasel in creditors IDecreasel in deferred Income 158,066 9,627 1184,497} 133,633} 168,354} 146,7851 Cash {absorbed byllgeneratgd from operat5ons 167,0281 127,006 26 Analysis of changes in net funds The char¢ly had no material debt during the year.