FOCUS ON FOOTBALL STADIA IMPROVEMENT FUND 23 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 company’s full annual financial statements describes the basis of our opinion on those financial statements. OPINION In our opinion the summary financial information is consistent with the full annual financial statements of The Football Stadia Improvement Fund Limited for the year ended 31 May 2018. 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 2018) and the date of this statement. PricewaterhouseCoopers LLP Chartered Accountants and Statutory Auditors London 11 December 2018 SUMMARY BALANCE SHEET AT 31 MAY 2018 2018 2017 £’000 £’000 Total assets 10,900 9,563 Total liabilities (10,598) (9,296) Net assets 302 267 Total capital and reserves 302 267 SUMMARY STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 MAY 2018 2018 2017 £’000 £’000 Total income 489 520 Total expenditure (454) (484) Profit before taxation 35 36 Tax - - Profit for the financial year 35 36