Mlddlesbrough Football Club Foundatlon
(Llmlted by Guarantee)
Annual Report and Flnanclal Statements
for the Year Ended 31 August 2024
"Reglstrar of Companles Copl.
Reglstered Number. 03142447
IIIIII￿1
*AE24FVQKI'
OW0512025
COMPANIES HOUSE
A12
#251
ANDERSON BARROWCLIFF LIMITED
Chartered Accountants

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Report of the Trustees
Report of the Independent Auditors
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Statement of Financial Activities
Balance Sheet
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Statement of Cash Flows
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Notes to the Accounts
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The Trustees submlt their report and the audited financial statements of Middlesbrough Football Club Foundation
(the Foundation? for the year ended 31 August 2024. The Trustees have adopted the provisions of the Statement of
Recommended Prattice {SORPI 'Accounting and Reporting by Charities" IFRS 102) in preparing the annual report and
financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the
accounts and comply with the charitys governing document, the Chartties Att 2011 and Accounting and Reporting by
Charities: Statement of Recommended Praccice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
The Direttors of the Foundation are its Trustees for the purposes of charlty law. The Trustees who have served during
the year and since the year end are shown on page 8.
OBJECTIVE5 AND ACTIVITIES
The Board of Directors decide the strategic direttion of the Foundation and the day to day decislons are made by the
Senior Management of the Foundatlon.
The Foundatlon's main aim5 are.,
To encourage and advance the education of children and adults within the community with the purpose of
promoting a healthy lifestyle and improving thelr condition of life.
To promote community involvement In healthy recreation by providlng facllltles for the playing of football
and other sports capable of improving physical health to such persons who have need for such improvement
and to encourage and advance the education of such persons in order to allow them to develop to the best
of their abilitles, both physlcalty and otherwise.
ACHIEVEMENT AND PERFORMANCE
Throughout the year ending 31 st August 2024, The Foundation delivered a refreshed 2019-24 strategy to Inspire
Confidence and Inspire Hope. Delivery focused on the four themes of Education and Employabllity, Social Inclusion
and Community Cohesion, Health an(J Wellbeing and Sports and Physical Aaivity, Programme delivery remained
consistent providing a wide range of activities across multiple locations in both schools and community.
In April 2024, The Foundation launched the Premier League Kicks 19+. The project is In collaboration wlth the
Cleveland Violence Reduction Unit ICURV). Aimed at engaging 19-plu5 participants. The project was based on CURV5
data on crime rates in Tees Valley and The Foundation's expertise in supporting participants transitioning from
Premier League Kicks. Two pilot locations were selected.. Stockton, aligned with CURV'S prioritie5 and East Cleveland,
Both areas are within Tees Valley and face high unemployrnent,
In December 2024The Foundation launched the Premier League Fans Fund. The Premier League Fans Fund supports
football clubs to strengthen connections between them. their fans. and local communities. The fund supports a range
of fan-focused and fan-led projects, helping to foster a sense of belonging through tneaningful engagement. This
Includes schemes for under.represented groups, to furtherdevelop an inclusive and welcoming matchday experience
for everyone. Premier League funding supports projetts that respond to local need, and which aim to improve the
match dayenvironment forfans andlor residents. address fan behaviour, and communty impart such a5 the cost-of-
living crisis, build upon a c5ub's heritage and engage and support underrepresented fan groups (disability. ethnicity.
LGBTQ+, women and girls), and fan behaviour.
In March 2024 The Foundation launched rhe National Citizen Service INCSI. NCS is aimed at young people aged 16-17
in the Tees Valley area, covering Middlesbrough, Redcar and Cleveland, Stockton, Hartlepool and Darlington. The
"open to all" experiences encompass a 48-hour programme. segregated into three skill settions: life skills,
employability skills and social action. Develop life skills and support independent living, Build employability and work-
readiness, Provide opportunities for volunteering and social action, Enable social mixing of young people from all
backgrounds.
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ACHIEVEMENT AND PERFORWNCE- contlnued
In July 2024 The Foundation teamed up with the English Football League and Kellogg's to provide free holiday camp
sessions at the Herlingshaw and Brotton in East Cleveland. The holiday camps offer children aged 5-14 years old
additional football and multi-sports sessions. whilst offering support to parents during the school holidays. It is an
excellent opportunity for participants to learn and develop new skills while having fun during the school breaks.
The fundraising and events programme for the Foundation continLied to grow and deliver our most JucceJsfiJl year
yet, with the continuation of our key events of The Foundation Dinner and Fizz Friday. but with the expansion of more
mass participation evenrs such as the Roatys Big Week and Middlesbrough College Football Tournament. Our
corporate Friends of the Foundation also continued to grow. with over 40 businesses now supporting The Foundation.
Our work at the Herllngshaw Centre, South Bank, contlnued to be a central focus forThe Foundation, with the Centre
having one of its strongest years to date with delivery. Not only were we able to deliver a wide range of Foundation
programmes there including Premier League Kicks, targeted youth mentoring, Football Welcomes, Think with Your
Feet and employabllltySUPPOrt, the Centre provlded much sought afteractivities forthe communityincluding Birthday
Parties. Roarfs Academy. Holiday Camps and Tournaments. The Centre and The Foundation were the hosts of the
PL Disability event, teams from 18 Foundations and CCOS representing clubs from across the north of England came
together to take part taking part in competiiive matches as well as numerous activities and workshops.
The year was rounded off by the start of a strategic and governance review. The objective of which is to relaunch The
Foundation's strategy for 2024 through to 2028.
Delivery of programmes continued under four themes:
The Foundatlon's Education and Employabillty arm dellvers educatlonal and employablllty programmes which a551st
young people and adult5 Wlth obtaining new skills. knowledge, qualifications and employment.
l. Premler League Prlmary Stars is a flagship project, funded by the Premier League Charitable Fund,
supporting the Premier League's agenda of delivering sport and education projects to every primary school
in the UK. During 2023124, 22 partner schools engaged with Premier League Primary Stars providing 16,456
young people of whlch were 7,638 were girls.
2. Premler League In5pire5. Virtual Schools and Raise Your Game deliver education activities to
disadvantaged young people. with an aim of bullding self-esteem and confidence. Premler League Inspires
was delivered in 14 secondary schools during 2023124 whilst Raise Your Game was funded by British Land
and delivered to one local secondary school. Virtual Schools is a programme that runs in partnership with
Redcar and Cleveland Council. The rhree programmes supported 467 young people providing 845 hours of
educational activities for these young people.
3. Joy of Movlng Is a six-week programme engaging 9-11-year-olds in physical actniity and health education
through a six-week programme featuring PE lessons and healthy living workshops, culminating in a Joy of
Moving Festival. Funded by EFL in the Community, over 900 young people engaged frorn 20 schools in
physical activlty and health education sessions through the programme In 2023124.
4. Coach Core Apprentlceshlp Scheme. The Foundation employed two apprentices on the Coach Core
scheme for a 15-month period. All apprentices will work across the full range of programmes delivered by
The Foundation.
5. Brlght Llghts. Working wlth Teesside Park we have a retail and hospttalty programme where young people
aged between 18 and 24 will engage to improve their employability skills and undertake a two-week work
placement with an employer. The Bright Lights programme has helped 19 young people into employment.
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ACHIEVEMENT AND PERFORMANCE- continued
The Foundation summer and winter event took place on 2 August 2023 and 5 January 2024, at The Foundations,
Herlingshaw Centre. These events bring together members of our community to celebrate, connett. and enjoy a day
filled with fun and engaging activities. The aim is to provide a celebration day for the local community and support
Families in the Tees area.
The Foundation aims to prowde sportand physical activrtyopportunitie5 foryoung people and adultsthrough delivery
in schools and communlty venues. During the year, The Foundation provided the following actrvities..
1. Roarys Academyisa football development school forchildren aged between 2 & 7 years old. These sessions
aim to enhance participants. self-confidence, encourage teamwork and develop motor skills through
struttured sessions. In 2024 Roaty5 Academy was awarded a Prograrnme Of The Year Award at The
Foundation's Annual Oinner. Roatys Academy combines football coaching with educational sessions to
promote physical activlty. teamworl and social interattion. During 2023124. 94 children and thelr families
engaged with Roarls Academy displaying improved social interattion skills, fostering a sense of belonging
and teamwork within their groups.
2. Hollday Camps Includlng Kellogg's were arranged during every school holiday at the Herlingshaw Centre
and in East Cleveland, the camps offering children aged 5-14 years old additlonal football and mulri-sports
sesslons, whilst offering support to parents during the school holidays. It Is an excellent opportunity for
participants to learn and develop new skills while having fun during the school breaks. Over 150 children
enjoyed football, dance, and multi-5POrts during 2023124.
3. Tournaments areooanised throughout the year for U7-U12 age groupssupportinglocal grassroots football
clubs. Over the year over 500 teams took par( in eight tournament days,
The theme of Health and Wellbeln8 seeks to improve the health ancl wellbeing of our local communities through
attivities which promote heakhier lifestyles. Those key artivities include..
1. Match Flt is a programme aimed at engaglng men and women In regular physical attlvity. with the alm of
losing and sustaining weight loss. Funded by Premier League Charitable Fans Fund, the programme Is
delivered at the Rwerside Stadium and In East Cleveland providing a 12-week course three times per year,
consistlng of a 45-minute circuii class and educatlonal workshops on healthy living. 169 individuals took part
in the programme throughout the year with 64% of participants being women, a significant increase on the
previous year.
2. Mental Health Support is funded by Middlesbrough Football Club sponsor Kindred and East Cleveland
funding. Think With Your Feer. Team Talk and Kitchen Therapy are weekly sessions for adults suffering from
poor mental health and in need of support for their wellbeing. The session5 include football, peer mentoring
and cooking5UPPOrted by Mind. The programme has engaged 125 participants referred from Mind, recovery
centres. local authorities. job centres and self-referrals.
3. In Your Strfde (Walking Football) In Your Stride walking football programme was initiated to engage inattive
individuals living in some of the most deprived wards in the UK. The programme aims to promote physical
activity. enhance mental wellbeing and foster community engagement through walking football. In 2023124
139 adults took part in walking football. of which 34% of participants were aged 66 years or older.
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ACHIEVEMENT AND PERFORIWANCE - contlnued
Agelng Well has focused on two key tsrget groups, care homes and those living with dementia across Tees
Valley. The twice monthly tea dances remain popular with attendances regularty over 40 at each event. These
dances are attended bypeople living in the communitywith a dementia diagnosis. The Foundation workwith
Senses Wellbeing Centre and Dementia Action Teesside to facilitate these events. The Ageing Well
programme has engaged with 332 particlpants wlth 33 of those through care home visits.
5. Health Bus was brought into serviceto help combat health and education difficulties in areas of
deprivation. Ir quickly developed into a learning facility that was used throughout the region, often
supplementing work done within classrooms. It is not mainly used for health checks going to local businesses
and local community centres to provide cholesterol tests with the aim being to uncover any underlying health
conditions and help recognize the risk of future cardiovascular disease.
6. Fans Fund. In December2024 The Foundation launched the Premler League Fans Fund. The Premier League
Fans Fund supports football clubs to strengthenconnections betweenthem, their fans. and local
communitles. The fund supports a range of fan-focused and fan-led projects. helping to foster a sense of
belonging through MeanIn￿Ul engagement. The PL Fan's Fund has allowed the Foundation to develop,
enhance and sustain our Age Well and Move Well programmes. These include and not exclusive to our
Dementia dances (inclusion) and matchFit (fitness programmel, aligning our aims to improve physical literacy
and Improve community coheslon, whilst challenging health inequality and combatting cardiovascular
disease.
The programme Is Fan focused, and Fan led. The funding has allowed the Foundation to engage Fan groups
and build schemes for underrepresented group5. Specific projerts include creating Inclusive match day
experiences, allowing families to experience matches where they may not have the means to do so.
The theme of Social Inclusion and Community Cohesion uses the power of Middlesbrough Football Club, through
football, sport and youth work, to iinite and empower communities, inJpirin8 and enhancing skills ofyuui)g people
and adults, partlcularly those within soclally deprlved wards. During the year The Foundatlon delivered the followlng
programmes under the Inclusion and Communlty Cohesion theme:
1. Premler League Klcks is delivered wlthin the most deprived communities and provides dlversionary and
construct6ve activities such as football, boxing, personal development opportunities and educational
workshops on eveningsto reduce crime and antl-50cial behaviourand improve life skills. Funded bythe PLCF
and the Office of Police and Crime Commissioner for Cleveland {Cleveland PCC), Premier League Kicks
continued to engage 2,069 youn8 people in 2023124, of which 18% were girls.
2. Premler League Kick5 Targeted supports young people referred from Middlesbrough Council's Vulnerable.
Exploited, Missing, Trafficked Practitioners Group IVEMTI project to improve their wellbeing build trusted
relationships and reduce their involvement or likellhood to be involved in youth vlolence through one-to-one
mentoring and group work. During 2023124, the delivery of PL Kicks Targeted was transitioned into PL Kicks
to provide a pathway of sUPPOrt. The programme supported 24 medium-high risk young people with some
participants transitioning into mainstream PL Kicks and other Foundation activities.
3. Youth Thlnkwith Your Feet programme is designed to provide ongoingsupport to young people who have
completed targeted programmes orthose identified through our Kicks sessions as needing a more tailored
approach due to behavioural challenges or additional support needs. The programme offers a Safe.
supportive environment for these young people to continue their engagement with our services. The
programme supports 104 participants with 80 of those in East Cleveland.
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4. PL Kicks 19+ - In April 2024, The Foundation launched the Premier League Kicks+ (PL Klck5+) 19-24 project in
collaboration with the Cleveland Violence Redurtion Unit (CURV). Aimed at engaging 19-plus. the projert was
based on CURWS data on crime rates in Teesvalley andThe Foundation's expertise in sUPPOrting participants
transitioning from Premier League Kicks. Two pilot locations were selected.. Stockton, aligned with CURV'S
priorities and East Cleveland. Both areas within Tees Valley face high unemployment offer distintt
demographics, providingvaluable insights into future interventions with this agegroup. The programme has
supported 49 participants with 77% minority ethnlc,
5. Chances is a programme funded by four local authorities, Middlesbrough. Redcar and Cleveland. Stockton
and Hartlepool, and Cleveland PCC- Foundation Youth Workers. It uses the power of the football club and
positive artivltyto support young people to improve their lives through improving school attendance, moving
into education, employment or training andlor reducing offending behaviour. In 2023124 the programme
supported 120young people wlrh 64 improving school or pupil referral unit attendance. Programme funding
ended 2024.
6. Swltch It is funded by Middlesbrough Council. the programme involves The Foundatlon's Youth Workers
supporting young people transitioning across various stages in their lives, including Primary to Secondary
school. Secondary school to Employment, young people moving between schoo15, or those new to the region.
During 2023124, Switch It supported 127 young people across 6 secondary schools In partnership wlth
Middlesbrough Council's Earty Help Team.
7. Actlve Through Football Is a programme awarded by the Football Foundatlon working wlth the local
communities ofNewport and Norrh Ormesbyto providefootball and physical activty opportunities, breaking
down barriers to physical activity and embedding lifelong behaviour change. 671 adults engaged in Attive
Through Football with 53% coming from ethnic mlnorities.
Herllngshaw Centre
The Herling5haw Centre is a sports facllity in South BanK owned by Redcar and Cleveland Borough Council but
managed by The Foundation. The Centre's facilities include an indoor 7-a-side 3rd Generation Artificial Grass Pitch, an
outdoor full.size 3rd Generation Artificial Grass Pitch, three outdoor grass pitches, together with function rooms and
classrooms. All these facilities are available for hire by the public but are also used by The Foundation for delivery of
its programmes.
The Herlingshaw Centre is utilised by a variety of Foundation programmes Including Premier League Klcks, targeted
youth mentoring, Football Welcomes. Premier League Primary Stars, Premier League Inspires, Think with Your FeeL
Employability programmes and Walking Football.
The Herlingshaw Centre is also used by external parties and organisations including Normanby FC, Redcar Town FC,
Middlesbrough Girls FC and Middlesbrough FC. along with a wide range of other local 8ras5roots football clubs.
Throughout 2023124, the Her1ingshaw Centre was able to achieve one of its Strongest years to date. with over 117,000
engagements across the year over the ¥Mde variety of attivities delivered. The football facilities were fulty utilised on
evenings and weekend5, Wlth further interest for the wider facilities during weekdays. The Centre was fully booked
every weekend for the unique Birthday Parties on offer, as well as high demand for RoaWsAcademy. Holiday Camps
and Walking Football. In 2023124, The Foundation delivered 58 parties to nearly 825 children.
The Foundation are scheduled to leave the Herlingshaw on the 31 December 2025.
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Other Fundfalslng artlvities and Events
Throughout 2023124 the Foundation delivered several large-scale events as well as launching communffy mass
participation events. The Foundation Dinner and Annual Golf Day contributed to a very successful fundraising year.
Roarys Big Week was once again a huge success with a wide range of community activities, along with a highty
successful Foundation Game at Middlesbrough FC vpr5us Rotherham in January 2024. The Gamc included the
Foundation being featured on the front of player5 shirts and warm-up t-shirts as well as hundreds of participant5
attending the game to partake in the pre-match and half-time artivities.
Corporate Friends of the Foundation include 47 businesses.
The Foundation is committed to following all Charity Commission guidance for fundraising activities as referenced in
the Charities Act 2011.
East Cleveland Projert
Slnce earty 2019. The Foundation has received significant donations each year to deliver actmties and embed The
Foundation's strategy and programmes in East Cleveland, a highly deprived, isolated area in the Borough of Redcar
and Cleveland.
During thls year, the project has contlnued to dellver and embed well-established Foundation programmes offered
elsewhere in Tees5ide and transitioned into the wider Foundation Operations team. All delivery within East Cleveland
is now managed and delivered under the strategic delivery themes of Education and Employability, Health and
Wellbein& Social Inclusion and Community Cohesion and Sport and Physical Activity. This transition was the first step
to sustain the project longer-term within The Foundation structure.
Programmes such as Chances, now finished and FIT Boro, Premier League Kicks and Team Talk are regular offers
within East Cleveland. The Boro Bus continues to be a huge success in East Cleveland and the wider Teesside area,
supporting the delivery of Health Checks to schools and busines5e5 across area5 of East Cleveland.
As Part of The Foundation's commitment to East Cleveland and followlng the one-off caplt31 donatlon In 2021122, the
plans fora Loftus Centre were progre55ed. Designs and planningapplications were submittedto Redcarand Cleveland
Borough Council for approval. with planning permission approved in October 2023. The Foundation anticipates
moving forward wlth the project during 2024125.
FINANCIAL REVIEW
The year-end results show a net income of £345,241 12023.. £185,593). A total of £92,43212023: £43,988) of the total
net income for the year is ring-fenced for the East Cleveland project delivery. Without the East Cleveland net income,
this gives a total of £251809 of unrestrirted funds towards the net income for the year.
The Trustees are very pleased with the overall performance of The Foundation this year. The value of funds generated
through unrestricted funding is particularly pleasing as is the progress made by The Foundation in building up its
reserves.
Principal funding sources for The Foundation are the Premier League's Charitable Fund, The English Football League
Trust. The Football Foundation, various local authorities, private donations, and local educational establishments. The
Trusteeswould like tothankall funder5 fortheirgenerosityand thefaith they have placed in The Foundation to deliver
the agreed programmes. The expenditure Incurred in dellvering the programmes is predominantly incurred on full-
time staff with additional costs for items such as specialist equipment. marketing and staff continuous professional
development opportunities.
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FINANCIAL REVIEW- continued
Reserves Pollcy
Unrestricted reserves are part of a charitys funds that are freety available to spend on any of the charitys activities.
The Trustees airn to maintain free reseNes, being unrestricted reserve5 Other than fixed assets. at a level which will
enable the Charity to continue operating following a temporary shortfall in income and equates to the total costs of
redundancies for those employees identified as affected toget.her with 6 months of unrestricted costs.
Trustees believe that this Is prudent and will facilitate the continuation of all unrestritted artivitles for at least 6
months whilst alternative funding is sourced. Reserves over and above this minimum amount are available for
investment to a designated investment resetve.
Based on the budget for the comlns year this equates to a resep4e requlrement of £457.171.
The balance held as unrestricted funds on 31 August 2024 was £1.350,549 {2023'. £1.097.740). of which £1,202,149
12023.. £1,011,778) are regarded as free reserves, after allowlng for funds held as tangible fixed assets. This leads to a
surplus of unrestrlcted funds over and above the reserves, requirement of £744,978.
The Trustees regard this surplus as funding available to support any shorrfall in projett funding in the future or to
match any fiJndin8 requirement5.
The Reserves statement in the statutory accounts is reviewed by the Board no less frequently than annually.
Investments
The Investment Policy was signed in 2022 following which the Board delegated investment decisions to the Finance
and Governance Committeewho monltorThe Foundation's financlal performance under the terms of reference. The
Board appointed Rathbone Investment Management Limlted in 2022 and they continue to manage £1,500.000 to be
split overtwo investments, one medium term (£500k) and one on deposit {£lm). The investments were made up from
£1,500,000 Foundation reserves. Further investments of £1.5m continued to be placed on dep051t with Barclays
(current account provider) and a further £1 m was placed on deposlt wlth HSBC.
These funds are being held for future capital build developments in 2025.
PLANS FOR FUTURE PERIOD
The Foundation plan to leave the Herlingshaw in December 2025.
During the year ending 31 August 2025, the Foundation will continue to progress plans to develop a new centre in
Loftus, East Cleveland. The Centre will include a full size 3G pitch and a building which would include changing rooms
and a community area. Planning appllcation was sought In 2022123 with approval recelved in October 2023. The
capital donation received in 2021122 will specifically be utillsed for the Loftus development.
A further opportunity arose in late 2022123 with Middlesbrough Council in relation to a new build at Southlands, Park
End. Tender applications are due in January 2025. The Foundation is in discussions with MBC regarding the
development of the facilty.
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REFERENCE AND ADMINISTRATIVE DETAILS
Company registration number..
03142447
Charity registration number:
1059418
Registered office:
8rlgnell Road
Riverside Park Industrial Estate
Middlesbrough
TS2 1PS
Solicitors..
Ertdeavour Partnership LLP
Tobias House
St Marks Court
Teesdale Business Park
Teesside
TS17 6QW
Bankers:
Barclays Bank PIC
PO Box 378
71 Grey Street
Newcastle upon Tyne
NE99 1JP
Auditors..
Anderson Barrowcllff Limited
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX
DIRECTORS AND TRUSTEES
The Directors of the Foundation are Its Trustees for the purpose of Charty Law.
The Directors and Trustees of the Foundation who held office during the year are as follows..
Tw5tees:
J Baker- Chairperson
N J Bausor
J R Bloom
FrA Gaunt
K Gibson
J Fryett
GJ Redman
P Rowley OBE
H Bowman lappolnted 23110120241
T Riordan (appointed 29104120241
Secretary:
N Jackson
Ambassadors:
A 8ibby
Key Management Personnel:
Head of Foundation
Acting Head of Foundation
L Edwards (resigned 0411012024)
C Mcmanus lappointed 0411012024)
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STRucfuRE. GOVERNANCEAND MANAGEMENT
The Foundation is a company limited by guarantee. The guarantee of members is limited to £1 each in the event of
the Foundation being wound up. The Foundation is govemed by its Memorandum and Articles of Association. dated
29 December 1995 and amended on 2 Ortober 2012, and again on 24 January 2019.
RecrultmenL Indurtion. Training and Development
The Foundation wa5 established by Middleshroii8h Football Club who support The Foundation. Thc appointment of
The Foundation'sTrustees is made bythe Foundatlon's Board of Dlrectors. Trustees meet all new Board appointments
who are presented with induction material, whlch includes the latest published financial statements of The
Foundation and a business plan for the strategic direction going forward. A detailed explanation of how the
Foundation operates is given and any questions are answered.
The Board oversees the Indurtion of all new Trustees to ensure theycould famillarise themselves with the Foundatlon
and are aware of their roles and responsibilities going forward. All Direttors are encouraged to undertake further
training as identified by periodic skills reviews.
Organlsatlonal Structure
The Board of Trustees, outlined in the reference Information above. meet as a mlnlmurn quarterly to dlscuss the
performance ofthe Foundation. There are three Trustee-led Commlttees, of whlch the Head of Foundatlon and other
members of the Senior Manager Team, as appropriate, attend. These are.. Finance and Governance Committee,
Fundraising and Events Committee and East Cleveland Committee. Key decisions continue to be made by the Board.
Other decisions on the day to day running of the Foundation are made by the Head of Foundation and Senior
Management Team, under authority delegated to the Head of Foundation by the Board.
Remuneratlon Pollcy for Management
The Foundation's Trustees and the Senior Management Team comprise the key management personnel of the
Foundation in charge of directing and controlling, running and operating the Foundation on a day-to-day ba515. ASI
Trustees give of their time freely and no Trustee received remuneration in the year. Details of Trustees. expenses and
related party transactlons are given In note 12 and 21 to the accounts.
The remuneration of Management is reviewed annually and normally increased in accordance with average earnings.
In view of the nature of the Foundation the Trustees benchmark against remuneration levels in other clubs,
foundations and consider the ability of the Foundation to cover the cost of any increases.
Rlsk Management
To minimise the risk of cessation of The Foundation's activities. the Board continually seeks new funding to secure the
continuation of the Foundation. However, in the current economic climate, the Board is extensivety seeking further
grant opportunities, as local government and councils have fewer funds available forthe scope of services which The
Foundation performs. The Foundation has a full Risk Management policy, and the major risks are reviewed formally
by the Trustees at least twice a year.
Related Parties
The Foundation is closely related to Middlesbrough Football Club. The Foundation ha5 Use of the name and badge of
Middlesbrough Football Club and occupies part of the Riverside Stadium. The Trustees are grateful for the
admlnlstration services and use of facilities donated by Middlesbrough Football Club. The value of these seNlces in
the year totalled £302,773 (2023: £289,282).
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RESPONSIBILITIES OF MEMBERS OF THE BOARD OF TRUSTEES
The Trustees are responsible for preparing the Trustees, annual report and financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pracricel.
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the Foundation and for the incoming resources and application of resources, including
income and expenditure of the Foundation for that year. In preparing these financial statements, the Trustees are
required ro-:
selert suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK Accounting standards have been followed. subject to any material departures
disclosed and explained in the financial statements..
prepare the financial statement5 on a going concern basis unless It is inappropriate to presume that the
charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy at any
time, the flnancial p051tion of the Foundatlon and enable them to ensure that the financial statements comply wlth
the CompaniesAct 2006. They are also responsible for safeguardingthe assets of the Foundation and hencefortaking
reasonable steps for the prevention and detettion of fraud and other irregularities,
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
We. the Trustees of the Foundation who held 0￿1(e at the date of approval of these financial statements, as set out
above, each confirm so far as we are aware, that:
there is no relevant audit informatlon of which rhe Foundation's auditors are unaware.. and
the Trustees have taken all the steps that they ought to have taken as Directors in order to make ourselves
aware of any relevant audit Information and to establlsh that the Foundation's auditors are aware of that
Information.
PUBLIC BENEFIT
The Foundation strlves to understand the need5 ofthe area and the communities livlng in them and looksfor funding
opportunities within the region's business market.
By worklng in partnership with local schools, statutory organisations, community organisations and businesses the
management team can better understand the needs and requirements of local people, and then try to access the
most appropriate funding Streams to provide suitable means for those individuals to address their education and
sporting need5.
When reviewing the aim5 and objectives of the Foundation the Board of Trustees has referred to Charity Commission
general guidance on Public Benefit and is satisfied thatthe Foundation meets Public Benefit requirements.
Pagelo

Foot
b Found
Com
rEn
AUDITORS
The Auditors, Messrs Anderson Barrowcliff Limited. have expressed their willingness to continue in office for the
ensuing year, and a resolution proposing their re-appointment asAuditors will be put to the Board of Trustees.
This report has been prepared in accordance with the special prov15ions of Part 15 of the CompaniesAct 2006 relating
to small companies.
OnB
If of the
ar
Ch
person
Date,.
Page11

Mld
00
lub
thel de
ende
udltorfs to the Membe
ofMI
ootball Club F
atlon
Oplnion
We have audrted the financial statements of Middlesbrough Football Club Foundation (the 'charitable company) for
the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow
statement and notes to the financial statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards (United Kingdom GenerallyAcceptedAccounting Practice), including Financial Reporting Standard 102"The
Financial Reporting Standard applicable in the UK and Republic of Ireland"
In our opinion the financial statements:.
give a true and fair view of the state of the charltable companys affalrs as at 31 August 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended,-
have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice
Including Flnancial Reporting Standard 102 The Flnancial Reporting Standard applicable In the UK and Republic
of Ireland,; and
have been prepared in accordance with the requirements of the Companies Att 2006.
Bas1$ for oplnlon
We conducted our audit In accordance with International Standards on Auditing {UKI IISAS IUKII and applicable law.
Our responsibilities under those standards are further described in (he Audito¢s responsibllltles for the audit of the
financial statements sectlon of our report. We are Independent of the charitable company In accordance wlth the
ethical requirements that are relevant to our audit of the financial statements in the UK including the FRCS Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evldence we have obtained is sufficient and approprlate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In audltlng the financial statements, we have concluded that the trustees, use ofthegoing concern basls of accounting
In the preparatlon of the financial statementsls approprlate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
condrtions that, individually or collettively, may cast sl8nificant doubt on the charltable companys ability to contlnue
as a going concern for a period of at least twelve months from when the financial statements are authorlsed for issue.
Our responsibilltles and the responslbilities of the trustees with respect to going concern are described In the relevant
sertions of this report.
Other Informatlon
The trustees are responslble for the other information. The other Information comprises the information included in
the Trustee5 Report, other than the financial statements and our Report of the Independent Auditorfs thereon.
Our oplnion on the financial sratements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in
doing so, consider whether the other information is materially inconsistent with the financlal statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information. we are required to
report that fart. We have nothing to report in this regard.
Page 12

lesbrou
h Football Cl b Fo
antee
rtof thel
end
stoth
embers of
Iddlesbrou
h F otball Clu
oundatlo
Matters on whlch we are requlred to report by exception
We have nothing to report in respert of the following matters where the Charities IAccounts and Reports) Regulations
2008 requires us to report to you if, in our opinion:.
the Information given in the Report of Trustees is inconsistent in any material respectwith the financial statements,,
or
the charitable company has not kept adequate accounting records.. or
the financial statements are not in agreement with the accounting records and retums; or
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the Statement of Trustees Responsibilities. the trustees (who are also the direttors of the
charitable companyfor the purposes of company lawl are responsible for the preparation of the flnancial statements
and for belng 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 ￿atements ihat are free from material misstatemenL whether due
to fraud or error.
In preparlng the financial statements. the trustees are responsible for assessing the charltable companys ability to
continue as a going concern, disclosing as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operation5. or
have no realistic alternattve but to do so.
Audltorfs responslbllltles for the audlt of the flnancial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effett thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditorsthat includes
our opinion. Reasonable assurance 15 a high level of assurance but is not a guarantee that an audit conducted in
accordance with ISAS {UK) will alway5 detect a material misstatement when it exists. Mlsstatements can arise from
fraud or error and are considered materlal If, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
Irregularltle5, includlng fraud, are Instances of non-compllance wlth laws and regulatlons. We deslgn procedures In
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detectlng irregularities, including fraud is detailed below.
Based on our understandlng of the charlty, we have considered applicable laws and regulatlons which may be
fundamental to the charitys ability to operate or to avoid a material penalty, and we considered the extent to which
nonvcompliance might have a material effect on the financial statements. We considered management's incentives
and opportunities for fraudulent manipulation of the flnancial statements lincluding the risk of override of controls)
and determined that the principal risks were related to the postlng of inappropriate manual journal entries to
manipulate financial performance, management bias in significant accounting estimates and any significant one￿ff
or unusual transactions.
Page13

rou
bal
ci
Found
tee
Aco
Llml
oth
lesbro
oot
ci
Foundatlo
Audltors, responsibllltles for the audlt of the financlal Statements Icontlnued)
We discussed among the audit engagement team the opportunities and incentives that may exist within the
organisation for fraud and IKIW and where fraud might occur in the financial statements.
Audit procedures performed by the engagement team included:
Enquiryof management and those charged with governance around actual and potential Ittigation and claims.
Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial statement disclosures and testing to supportlng documentation to asses5 compliance ￿￿th
applicable laws and regulations.
Auditing the risk of management override of controls, including through testing journal entries and other
adjustments for appropriateness, and evaluating the business rationale of slgnificant transactions outside the
normal course of business.
Challenging estimates and judgements made by management in their significant accounting estimates.
Revenue recognition: agreeing a sample of revenue transactions to gain assurance over the occurrence and
accuracy of revenue and also to ensure revenue has been recognlsed in the corrert period.
Because of the inherent limitations of an audlt, there is a rlsk that we wlll not detect all irregularltles, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases
the more that compliance with a law or regulation is removed from the events and transattlons reflected In the
flnancial Statements. as we will be less likely to become aware of instances of non.compliance. The risk15 also greater
regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgery.
collusion. omission or misrepresentation.
A further description of our responslbllities for the audlt of the flnancial statements is located on the Flnancial
Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of
the Independent Auditors.
Use of our report
This report is made solelytothe charitable companys members, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Ouraudit work has been undertaken sothatwe mightstateto thecharitable
companls members those matters we are required to state to them in an auditofs report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable companYs members as a body, for our audit worl for this report, or for the opinions we
have formed.
for and on behalf of Anderson Barrowcliff Limited
Statutory Auditor
Chartered Accountants
Eligible to act as an auditor in terms of Sectlon 1212 of the Companies Act 2006
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX
Page14

dlesbrou
hFoo
bFo
antee
Financl l Activltl
dex
en
eac
clu
nt
rthey
rEn
24
East
Cleveland
Fund
Total
Funds
2024
Total
Funds
2023
Unrestrlcted
Funds
Restrlrted
Funds
Note
Income
Donations and legacles
Income from charitable activities
Other trading attivities
Investment income
344,114
553.534
248.112
189.990
535.826
879.940
1.596.326
248.112
189.990
865,779
1,641,280
240,122
64,864
1,042,792
Total Income
1.335,750
1,041792
535.826 2.914.368
2.812,045
Expendlture
Costs of ralsing funds
Charitable activities
165.450
957.634
165.450
443,394 2.443,818
147,026
2,479,426
1.042.790
Total Expendlture
1.123,084
1,042,790
443,394 2,609.268
2,626,452
Net gains / (losses) on investment assets
40.141
40,141
Net Income
251807
92.432
345.241
185,593
Transfers between funds
18
Net movement in funds
252.809
92.432
345.241
185,593
Reconclllation of Funds
Funds brought forward at 1 September
2023
1,097.740
3,580.409 4.678.149
4.678.149
Total funds carried forward at
31 August 2024
17
1,350.549
3,671841 5.023.390
4,678,149
The notes on pages 18 to 28 form an integral part of these financial Statements
Page15

Foot
b Foundatlon
an
edb
Re8iStered Number: 03142447
ust
2024
2023
Note
Non4urrent Assets
Tangible assets
Investments
12
13
148.400
55S,866
259,137
500,000
704.266
759,137
Current Assets
Debtors
Cash at bank & in hand
14
433,048
4.510.097
181,790
4.258,915
4.943.145
4,440,705
Credltors.. Amounts falling due within one year
15
(351726)
(260,933)
Net Current Assets
4.590.419
4,179.772
Total Assets Less Current Llabllitles
5.294,685
4,938,909
Credltors: Amounts falling due after more than
one year
16
(271.295)
(260,7601
Net Assets
17
5.023,390
4,678,149
Funds
Restricted funds
East Cleveland fund
Unrestricted funds
18
18
18
3.672.841
1.350.549
3,580,409
1.097,740
Total Funds
5.023.390
4,678,149
The charitable company is entitled to exemption from audit under Settlon 477 of the CompanlesAct 2006 for the year
ended 31 August 2024.
The members have not deposited notice, pursuant to Settion 476 of the Companles Art 2006 requiring an audit of
these financlal Statements.
The trustee5 acknowledge their responsibilities for..
la) ensurlng that the charltable company keeps accountlng records that comply with Sectlons 386 and 387 of
the Companies Act 2006 and
Ib) preparing financial statements which give a true and fair vtew of the state of affairs of the charitable company
as at the of each financial year and of its surplus or deficlt for each financial year in accordance with the
requirements of Sections 394 and 395 and with otherwise comply with the requirements of the Companies
Act 2006 relating to financial statements, 50 far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 144 of the Charities Att 2011.
These accounts have been prepared in accordance wlth the provlsions applicable to charitable companies subject to
the small companies regime.
The accounts were
ved by the board of trustees on .....
and signed on its behalf by
J Bake
Chair
an
The notes on pages 18 to 28 form an integral part of these financial statements
Page16

es
Foot
ubFo
ndatlon
2024
2023
Cash from operatlng actlvltles
24
76.917
843,461
Cash flow from Investlng activltles
Payments to acquire tangible fixed assets
Proceeds on sale of listed investments
Payments on acquisition of listed investments
Interest and dividends
145.5941
156.962
(172.687)
189.990
{5Crt),000)
64,864
Net cash flow provlded by (used In) Investing activltles
174.265
(545.5941
Change In cash and cash equlvalents In the year
Cash and cash equlvalents at the beglnning of the year
251.182
4,258.915
362,731
3,896,184
Cash and cash equlvalents at the end of the year
4,510,097
4,258,915
The notes on pages 18 to 28 form an integral part of these financial statements
Page 17

Mlddles
ation
an
Limlted b Guarant
Notes
o the Acco
fort
ACCOUNTING POLICIES
(a)
General Informatlon and basls of preparation
Middlesbrough Foorball Club Foundation is a private company limited by guarantee registered in
England and Wales. It is registered as a charity Wlth the Charity Commission. The address of the
registered office is gwen in the Report of the Trustees on page 8. The nature of the Foundation's
operations and principal activities are shown in the Report of the Trustees on page 1. The members
of the Foundation are the trustees listed on page 8. In the event of the Foundation being wound up.
the liability in respect of the guarantee is limited to £1 ppr member of the Foundation.
The Foundation constitutes a public benefit entity as deflned by FRS 102. The financial statements
have been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charitable companies preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued
in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021, the Charities Art 2011, and UK Generally Accepted Practice.
The financial statements are prepared In sterllngwhich is the functional currency of the Foundation,
rounded to the nearest £.
The signlficant accountlng policies applied in the preparation of these financlal statements are set
out below. These pollcles have been consistently applied to all years presented unless Othe￿ise
stated.
(bl
Golng concern
The flnanclal statement5 have been prepared on a golng concern basis as the trustees conslderthat
there are no material uncertaintles about the Foundation's ability to continue as a going concern.
The trustees have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial Statements, The budgeted income and
expenditure Is sufficient with the level of reserves for the Foundation to be able to continue as a
going concern,
(cl
Income
Items of income are recognised and Included In the SOFA when all the following criteria are met'.-
The Foundation have entitlement to the funds:
Any performance conditions attached to the itemlsl of income have been met or are fully
wlthin the control of the Foundation.
There is sufficient certainty that receipt of the income is considered probable,. and
The amount can be measured reliably.
Donatlons and grants received for specific purposes are classed as restricted and are deferred until
the Foundation is entitled to the funding and has met the condition5 set out in the funding
agreement.
Gifts In kind are Included wlthin donatlons in the SOFA at an estimate of the cost of providing the
seNice. The equivalent cost is also included within resources expended.
Investment income 15 earned through shares held in an investment portfolio for investment
purposes. It includes dividends and interest. It is included when the arnount can be measured
reliably. Interest income is recognised using the effective interest method and dividend income is
recognised as the charitys right to receive payment is established.
There 15 no netting off of expenditure within the accounts.
Page18

MI
dlesbr
Foo
Notes to the Accoun
for the Y
r Ende
ACCOUNTING POLICIES- contlnued
Id)
Expendlture
ASI expendlture is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expendrture is recognised once there is a legal or
constructive obligation to make a payment to a third paty, it is probable that settlement will be
required and the amount can be measured reliably. Irrecoverable VAT is included in expenditure
against the relevant cost for whlch the expenditure was incurred. Expenditure is classified under
the following headings:
Costs of raisin8 funds are those incurred in attracting donations, and those incurred in trading
activities that raise funds.
Charitable expenditure comprises those costs incurred by the Foundation in the delivery of
its activities. It Includes both costs which can be direttty allocated to activities and those costs
of an Indirett nature.
Support costs are those functions that assist the work of the Foundation but do not directly
undertake charitable activities. Support costs include back office costs. finance. personnel.
payroll and governance costs.
Governance costs are those incurred In connection with compllance wlth constltutlonal and
Statutory requirements.
{e)
Flxed assets
Fixed assets are stated at purchase cost together with any Incldental costs of acquisition less
accumulated depreciation. Assets are capitalised if they cost more than £500 and are expetted to
last more than one year.
Depreciation is calculated on a straight line method to write off the cost of fixed assets over their
estimated useful economic lives as follows:
Computer equipment
Fixtures and fittings
Leasehold Land and buildings
Motor Vehicles
33% and 25% per annum straight line
33%, 20% and 10% per annum straight line
over the period of the lease
1096 per annum stralght line
(fi
Investments
Investments are recognised initlally at falr value whlch is normally the transaction price excluding
transaction c05t5. Subsequently, they are measured at fair value with changes recognised In 'net
g3insl(losses>' on investments in the SOFA if the shares are publicty traded or their fair value can
o(herwt5e be measured reliably.
(gl
Debtors
Trade and other debtors are recognised at the settlement amount due.
(h}
Cash at bank
Cash at bank and cash in hand includes cash and short term highty liquid investments wFth a short
matursty of three months or less from the date of acquisition or opening of the deposit or similar
account.
Creditors
Creditors and provisions are recognised where the Foundation has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the amount
due to settle the obligation can be measured or estimated reliably. Creditors and provisions are
normally recognised at theirsettlement amount.
Page19

Middl
Com
h Footb 11
ited b
arant
Notes t the Acc
for the Ye
rEnd
24
ACCOUNTING POLICIES- continued
li)
Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Foundation and which have no¢ been designated for
other purposes.
Restritted funds are funds which are to be used in accordance with specific restrictions imposed by
donor5 or which have been raised by the Foundation for particular purposes. The cost of raising
and administering the funds are charged against the specific fund. The aim and use of each
restricted fund is set out in the notes to the financial statements.
(kl
Flnancial Instruments
The Foundation only has financial assets and financial liabllitles of a kind that qualify as baslc financial
instrument5. Basic financial instruments are initially recognised at transattion value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
Operatlng leases
Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred,
Imi
Penslon scheme
The Foundation operates a fully insured, contributory defined contribution pension scheme for all
employees. The Foundation contributions are charged tothe SOFA in the period to which they relate.
{n}
Judgements and key sources of estlmatlon uncertalnty
In the application of the Foundation's accountlng policies, which are described above. the Trustees
are required to makejudgements. estimates and assumptions aboutthe carryingamounts of assets
and liabilities that are not readily apparent from other sources. The estimates and associated
assumptions are based on hlstorical experience and otherfattorsthat are considered to be relevant.
Actual results may differ from these estimates.
The estimates and underlylng assumptions are reviewed on an ongoing basis. Revisions to
accounting estlmates are recognised In rhe period in which the estimate is revised if the revision
affects onty that period, or In the period of the revision and future periods if the revision affects both
current and future periods.
Page 20

Aco
te
DONATIONS AND LEGACIES
East
Cleveland
Unrestrlrted Restricted
2024
2023
Middlesbrough Football Club Gifts
in kind
Donations
301773
41.341
301773
577,167
289,282
576,497
535.826
344.114
535.826
879.940
865,779
The £302,773 gift in kind costs (2023: £289.282) donated by Middlesbrough Football Club Is an estlmate of
the value of staff time and donated facilities provided to Middlesbrough Football Club Foundation. The
associated expenses are Included within the Sports Participatlon costs as detalled in note 6.
The restricted donation £535,826 (2023.. £525,000) has been requested to be spent In East Cleveland.
Income from donations and legacies for 2023 was £576.497, of which £525.000 was attributable to East
Cleveland, £Nil restritted and £51.497 was attributable to unrestricted.
INCOME FROM CHARITABLE ACTIVITIES
Unrestrlcted Restrlcted
2024
2023
Education and Employability
Sport and Physical Artivty
Health and Wellbeing
Social Inclusion and Community Coheslon
2.1)00
515,952
35,582
306.647
25.465
143,797
566,883
308.647
541,417
179,379
566,883
356,391
507,674
230,274
546,941
553,534
1.042.792
1.596,326
1.641,280
Income from charitable activities for 2023 was £1.641,280 of whlch £1,014,160 was attrlbutable to restricted
and £627,120 was attributable to unrestricted.
INCOME FROM OTHER TRADING ACTIVITIES
Unrestrirted
Restrlcted
2024
2023
Fundraising attivities..
Fundraislng
Sundry income
193,809
54.303
193.809
54.303
195,437
44,685
248,112
248,112
240,122
Income from other trading activities for 2023 was £240,122 all of whlch was attrlbutable to unrestrltted.
Page 21

esbrou
h Football
tee
otes t
ount
the Year Ended 31 Au
024
INVESTMENT INCOME
Unrestrlcted
Restrlrted
2024
2023
Interest - Deposits
Dividends- Equities
166.782
23.208
166.782
23.208
64.864
189.990
189.990
64,864
Investment income for 2023 was £64,864 all of which was attributable to unrestricted.
COSTS OF RAISING FUNDS
Unrestrlcted Restrlcted
2024
2023
Fundraising activities..
Staff costs
Equipment and consumables
Promotions & Events
Travel and tours
Other costs
Tralnlng
115,332
36,587
1973
1,190
9,322
115.332
36.587
2.973
1,190
9.322
94,631
44,971
4,317
2,164
943
165,450
165.450
147,026
Costs of raising funds for 2023 was £147.026 all of whlch was attributable to unrestricted.
Page 22

Mld
Aco
rou
an
Limlted b Guar
ntee
tes to the Ac
unts forthe Ye
31A
EXPENDITURE ON CHARITABLE AcfiviTIES
Soclal
Incluslon
and
Communlty
Coheslon
Educatlon
and
Employ-
ablllty
Sport
and
Physlcal
Actlvlty
Health
and
Wellbeln8
Total
2024
Total
2023
Staff Costs
Equipment & consumables
Travel & Tours
Depreciation
Premises costs
Training
Events
Other Costs
3G Pitches Sinking Fund
Support costs (see belowl
Governance costs Inote 71
257,252 243.437
7.618
3,616
6.090
15.040
14.742
3.412
12.954
4.932
173,148
6.657
17.223
13.551
21,713
514.113
20.699
18.979
34.267
90.788
4.776
4.675
30.360
1,187.950 1,228.717
38,590
79,384
42.292
50,256
110.737
102,468
265.810
264,388
14.119
45,026
22,393
38.788
95.187
40.554
36,000
36,000
592,618 495,975
38.122
97.870
47.879
138.567
1708
4.764
38.869
21.026
36,000
8,387
931
139,522
11.210
131.369
5.257
313.340
20.724
4n.n2
505,551
415.774 1,052.721
2.443.818 2,479,426
SUPPORT COSTS
Staff costs
General office costs
Equipment & consumables
Other costs
Events
Premlses costs
51.361
18,215
3.909
376
28,994
36.667
3.088
1,095
235
22
1,743
2,204
48,360
17.151
3,680
354
27,300
34,524
115,348
40,909
8,778
843
65.115
82,347
218,157
T7.370
16,602
1,595
123.152
155,742
186,317
36,108
18,144
1.232
115,089
139,085
139.522
131.369
313.340
592,618
495,975
Expenditure on charitable3Ctlvltieswas £2,443,818 (2023: £2,479.426)of which £1.486.184(2023: £1.495.1761
was attributable to restricted and £957.634 {2023: £984,250) was attributsble to unrestricted.
GOVERNANCE COSTS
2024
2023
Herlingshaw Development Costs
Staff costs
Trustees insurance
Bank charges
Legal fees
Audit & accountancy fees
67.035
20,700
1,307
740
70
8,018
26,308
1.432
957
185
38.122
97.870
Page 23

om
Limlted
aran
Notes
o th Acco
nts f th Year
ded
t20
NEf INCOME FOR THE YEAR
This is stated after charging:"
2024
2023
Depreciation
Auditors rernuneracion - for audit
operating lease rentals- equipment
110,737
9,000
1204
102,468
8.000
1,934
10
STAFF COSTS
2024
2023
Wages & salaries
Social Security costs
Penslon costs
1.306.089
91.503
32.767
1,321.800
94,053
31,748
1.430,359
1,453.600
One employee recelved between £60,001- £70.000 per annum.
The average monthly head count for the year was 71 12023., 781,
11
TAXATION
The Foundation is a Charity established under the Charities Act 2011. Accordingly, the Foundation Is
potentially exempt from taxation in respect of Income or capital gains received within categories covered by
part 10 of the ITA 2007 or section 256 of the Taxation of Chargeable Gains Att 1992, to the extent that such
Income or galns are applied to excluslvety charitable purposes.
12
TRusfEES'AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES
None of the Trustees recewed any remuneration in the year {2023: £nil).
None of the Trustees had expenses In the year (2023., £nll}.
The total amount of employee benefits received by key management personnel is £61,639 {2023'. £59,473).
The Foundation considers its key management personnel comprise the Chief Execu(svelHead of Foundation.
There is 1 (2023 - 1) key management person accruing pension arrangements.
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TANGIBLE FIXED ASSErs
Leasehold
Land
and
Bulldlngs
Fixtures
and
Flttlngs
Computer
Equlpment
Motor
Vehlcles
Total
Cost
At 1 September 2023
668,176
52.273
38.322
146,637
905,408
At 31 August 2024
668,176
52,273
38,322
146,637
905.408
Depreclatlon
At 1 September 2023
Provided during year
590,842
77,331
26,101
6,299
29,328
14,460
646.271
110.737
12,647
At 31 August 2024
668,173
32,400
12.647
43,788
757,008
Net Book Value
At 31 August 2024
19.873
25.675
102,849
148.400
At 31 August 2023
77,334
26,172
38.324
117,309
259,139
All tangible fixed assets were used for charitable purposes.
13
INVEsfMENTS
Investments are stated at fair value as at 31 August 2024 and comprise the following.'_
2024
2023
Listed Investments
Cash held vvithin investment portfolio
539.084
16.782
500,000
S55.866
500,000
8alance as at I September 2023
Addition5
Increase in market value of Investments
Disposals
Profit on disposal of investments
500.000
172.687
39.280
1156.962}
861
S55.866
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DEBTORS
2024
2023
Trade debtor5
Prepayments and accrued income
Other debtors
147.928
285,120
84.292
72,035
25,463
433.048
181,790
15
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Other taxes & soclal security
Accruals
Other creditors
Oeferred income
68,071
6,023
38,312
47,288
27,885
22,086
240.319
163,673
351726
260,933
16
CREDITORS; AMOUNTS FALLING DUEAFfER MORE THAN ONE YEAR
2024
2023
Deferred Income
Other creditors
19.333
251.962
44,798
215,962
271.295
260,760
Deferred income comprises fundlng recelved in advance for projects over a specific tlme period which
overlaps the year end.
17
ANALYSIS OF NET ASSETS
Fund balances 31 August 2024 are represented by'.-
Un-
restrlcted
East
Cleveland
Restrlcted
2024
2023
Tangible fixed assets
Investments
Current assets
Creditors falling due within one year
Creditors falling due after one year
15.151
555.866
1,143.901
(111407)
(251.962)
30.401
102.848
148,400
555.866
4.943.145
(351726)
(271.295)
259,137
500,000
4,440,705
1260,933)
{260,760)
229.251
(240.319)
(19.333)
3.569.993
1.350.549
3.672.841
5,023.390
4,678,149
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ANALYSIS OF MOVEMENT IN FUNDS
Un-
restricted
East
Restrlrted Cleveland
2024
2023
At 1 September 2023
Incoming resources
Outgoing resources
Gross transfers between funds
Gains / {lossesl
1.097,740
3.580.409
4.678.149
4.492,556
1,335.750
1,041792
535.826
2.914.368
2,812,045
(1.123,084) (1.042.790) {443.394) (2.609.268) 12.626.452)
(2)
40,141
40.141
At 31 August 2024
1,350.549
3,6n841
5.023.390
4,678,149
19
SHARE CAPITAL
The Foundation does not have any share capital and is limited by guarantee. The members of the Foundation
are directors and their guarantee15 limited to £1.
RESTRICTED FUNDS FROM CHARITABLE ACTIVITIES
Soclal
Incluslan
and
Communlty
Coheslon
Edueatlon
Sport
and Employ- and Physlcal
ablllty
Actlvity
Health
and
Wellbein
Total
Balance at 1 September 2023
Received in year
Expended in year
Gross transfers between funds
306.647
(314,130)
7,483
25.465
143.797 566.883
(622) (147.312) (580.726)
(24.843)
3.515
13.843
1,042,792
(1.041790)
(2)
Balance at 31 August 2024
The monies recelved relate to grants made by the following bodies for the following purposes:
Education income was granted by the Premier League Charitable Fund, British Land, Redcar and Cleveland
Borough Council and local schools and academy trusts to SUPPOrt delivery of education in the local
community. The Premier League Primary Stars and Premier League Inspires programmes recelved funding
from the Premier League Charitable Fund and local schools for the delivery of Curriculum Physical Education.
The Employability projects were funded by British Land, and Coach Core.
Health and Wellbeing Income wasgranted by the English Football League Trust for health prevention sessions
in primary schools. The English Football League Trust also funded Match Fit a programme supporting adults
to lose weight and increase their levels of physical activity. The Middlesbrough Football Club sponsor Kindred
continued to provide a restricted grant for Men's Mentsl Health support. The Foundation received funding
from You've Got This to deliver Warm Spaces.
The monies received relate to grants made by the following bodies for the following purposes:
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RESTRicfED FUNDS FROM CHARITABLE ACTIVITIES - contlnued
Social Inclusion and Community Cohesion income was granted by the Premier League Charitable Fund. the
Office for Police and Crime Commissioner for Cleveland for the delivery of Premier League Kicks and Premier
League Kicks Targeted. Four local authorities of Middlesbrough, Stockton, Redcar and Cleveland and
Hartlepool along with the Office for Police and Crime Commissioner for Cleveland funded two targeted
interventions, Switch It and Chances. Thirteen Housing provided fijnded for a social inclusion programme for
families living in houses managed bythe company. Whilstthe Football Foundation provided grantfunding for
the Active Through Football programme
RESTRICTED FUNDS FROM DONATIONS- EAsf CLEVELAND FUND
2024
2023
Balance at 31 August 2023
Received in year
Expended in year
3.580.409
535.826
{443.394)
3.536,421
525,000
(481.0121
Balance at 31 August 2024
3.672.841
3,580,409
During the year a further donation was received for the East Cleveland Fund with a specific request that the
funds should be spent as an ongoing project for the benefit of the population In East Cleveland.
21
RELATED PARTY TRANSAcfioNS
During the year Middlesbrough Football Club provlded donated servlces. staff and facllltles to the value of
£302,77312023: £289,282).
At 31 August 2024 the Foundation owed £5,370 12023.. £6,4621 to Middlesbrough Football Club. The
Foundation provided £32,945 {2023: £43,449) of sundry seNlces to Middlesbrough Football Club and was
provided with £128,70512023'. £92.4451 of sundry services from Middlesbrough Football Club.
ULTIMATE CONTROLLING PARTY
The Trustees control the Foundatlon by virtue of their appolntment to the board.
PENSION COSTS
The Foundatlon operates a fully insured contributorydefined contribution pension scheme for all employees.
The charge for the year amounted to £32,767 (2023: £31,748). The amount outstanding at 31 August 2024
was £6,123 {2023". £5,846).
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net income for year
Interest and dividends shown in investing activities
IGainslllosses on investments
Add back depreciation of tangible fixed assets
(Increase)IDecrease in debtors
IncreasellDecrease) in creditors
345.241
(189.990)
{40.141)
110,737
(251.258)
101328
185,593
(64,8641
102,468
641,122
(20.858)
Net cash flow from operating activlties
76.917
843,461
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