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Financial Statement 2023/2024

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The Trust Board has pleasure in presenting its report and the financial statements of the Trust for the year ended 31 May 2024.

The aims of the Trust on incorporation were to strengthen the bonds between Exeter City Football Club and the community which it serves, to represent the interests of the community in the running of the Club in all aspects of the game and to provide and maintain facilities for the enjoyment of professional football in the area.


These remain the key objectives. On 22 March 2003, the Trust adopted as its prime objective 'To prepare itself for shared or full ownership of Exeter City Football Club'. This objective was achieved on 4 September 2003 when the Trust acquired a majority shareholding in Exeter City A.F.C Limited.


This year the Trust celebrated its 20th year of Supporter Ownership of the Club. The 2023/24 season was the 122nd year in the history of Exeter City Football Club.


City finished 13th in League One, were eliminated in the First Round of the FA Cup, bowed out in Fourth Round of the EFL Cup and the group stage of the EFL Trophy. Remaining in League One on a sustainable basis remains a primary focus for the Club and Trust.


The bulk of the regular work is carried out within four standing working groups:

- Finance and Governance

- Ownership and Membership

- Community

- Communication and Engagement Group


These Groups comprise of Trust Board members and Trust members, some of whom might have specialised knowledge and skills, to help achieve the objectives of the Trust.


The Trust Board has appointed four representatives to the Club Board. The Club approved new Articles of Association in 2021 which gave the Trust the majority of votes and effective control of the Club Board. The Trust has continued to be represented in all areas of the Club.




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