25 BASIS OF OPINION Our examination involved agreeing the balances disclosed in the summary financial information to full annual financial statements. Our audit report on the charitable company’s full annual financial statements describes the basis of our opinion on those financial statements. OPINION In our opinion the supplementary financial information is consistent with the full annual financial statements of the Football Foundation for the year ended 31 May 2016. We have not considered the effects of any events between the date on which we signed our report on the full annual financial statements (19 September 2016) and the date of this statement. PricewaterhouseCoopers LLP Chartered Accountants and Statutory Auditors London 6 March 2017 SUMMARY BALANCE SHEET AT 31 MAY 2016 Group Charity 2016 2015 2016 2015 £’000 £’000 £’000 £’000 Total assets 60,193 58,187 59,956 58,568 Total liabilities (60,020) (44,701) (59,816) (44,530) Net assets 173 13,486 140 14,038 Total funds 173 13,486 140 14,038 SUMMARY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2016 Restricted Unrestricted Total Total funds funds funds funds 2016 2016 2016 2015 £’000 £’000 £’000 £’000 Total income 624 30,857 31,481 31,832 Total expenditure (624) (44,363) (44,987) (32,631) Net gain on investments - 193 193 39 Net movement in funds - (13,313) (13,313) (760) Fund balances brought forward - 13,486 13,486 14,246 Fund balances carried forward - 173 173 13,486