18 | focus financial summary FINANCIAL SUMMARY FOR THE YEAR ENDED 31 MAY 2017 SUMMARY DIRECTORS’ REPORT The summarised financial information may not contain sufficient information to allow a full understanding of the financial affairs ofThe Football Stadia Improvement Fund Limited. For further information, the full Annual Report and Financial Statements should be consulted. The principal activity of the company is to provide funding for activities relating to the safety and redevelopment of football stadia. During the year, grants were awarded to clubs at all levels of the game towards safety and improvement work such as new stands and terraces, toilets, facilities for the disabled, turnstiles, closed circuit television equipment and at lower levels pitch work and floodlights. The company intends to maintain its current grant making activity over these categories. No Director received any remuneration from the company during the year. The full Annual Report and Financial Statements, from which the summary financial information is derived and on which the auditors auditors gave an unmodified opinion, were approved by the directors on 20 September 2017, and have been filed with the Registrar of Companies. On behalf of the Board of Directors Peter McCormick OBE Chairman 30 November 2017 INDEPENDENT AUDITORS’ STATEMENT TO THE MEMBERS OF THE FOOTBALL STADIA IMPROVEMENT FUND LIMITED We have examined the supplementary summary financial information included withinThe Football Stadia Improvement Fund Limited’s Annual Review 2017 for the year ended 31 May 2017, which comprises the summary balance sheet as at 31 May 2017 and the summary statement of income and retained earnings for the year then ended. RESPECTIVE RESPONSIBILITIES OF THE DIRECTORS AND THE AUDITORS The Directors are responsible for preparing The Football Stadia Improvement Fund Limited’s Annual Review 2017, in accordance with applicable United Kingdom law, which includes information extracted from the full Annual Report and Financial Statements for the year ended 31 May 2017. Our responsibility is to report to you our opinion on the consistency of the summary financial information withinThe Football Stadia Improvement Fund Limited’s Annual Review 2017, with the full annual financial statements for the year ended 31 May 2017. This statement, including the opinion, has been prepared for and only for the company’s members as a body and for no other purpose. We do not, in giving this opinion, accept or assume responsibility for any other purpose or to any other person to whom this statement is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.