Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Company Registration No. 05760570 Charity Number:1113725 Tottenham Hotspur Foundation IA company limited by guarantee} Annual Report and Financial Statements Forthe year ended3OthJune2023 OrTENHN OTSPUII FOUNDATION DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 ## Tottenham Hotspur Foundation Annual Report and financial statements 30 June 2023 Contents Page Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Annual report and financial statements forthe year ended 30 June 2023. Reference and administrative information Trustees Mr S Tash (Chairman resigned 27hJanuary 20231 Mr M J Collecott Ms D Cullen Ilnterim Chairl Mrm Hinch CEO Ms S Ebanja (Retired 23rd December 20221 Mr Marc Leckie (Appointed 2nd May 20231 Legal status Tottenham Hotspur Foundation I"The Foundation'l was registèred with the Charity Commission on 10 April 2006 under registration number 1113725. Tottenham Hotspur Foundation was incorporated on 29 March 2006 by Memorandum and Articles of Association, company no. 05760570. It is a company limited by guarantèe. Foundation address (Principal and registered address) Percy House 796 High Road Tottenham London NI7ODH Bankers HSBC plc 69 Pall Mall London SWIY SEY Auditor Deloitte LLP Statutory Auditor Temple Quay 3 Rivergate Redcliffe Bristol BSI 6GD Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Introduction The Trustees present their report on the affairs of Tottenham Hotspur Foundation (the Foundation) forthe year ended 3oihJune 2023. The Trustees submit their annual report along with the financial statements of the Foundation for the year ended 2023. The Trustee5 comply with thè provisions of the Statement of Recommènded Practice ISORPI'Accountingand Reporting by Charities, issued in 2019 and its subsequent updates. the Charities Act 2011, the Companiès Act 2006 and the TrLJSt Deed. in preparing the f inancial statements of this charity. The Strategic Report, on pages2 to 41 also forms part of the Trustees, Report. Back round Established in 2006, with signif icant backingand support from Tottenham Hotspur Football Club Ithe Clubl, the Foundation uses its relationship with the world of professional football to access, crèate and deliver opportunities that can, through the engagement and sustained participation of those it serves, changetheir outlooks, their pr05PeCts. and their lives. All the services that the Foundation provides to its communities are underpinned by the team sport football, and in oneform or another draws on the opportunities and assets made availableto the FoLJndation through its association with the Club. Objectives The Foundation, through its affiliation with the world of professional football, is committed to creatingand deliveringopportunitiès to bringbenefits to the public it serves.These benef its are to increase and to widen participation in football and across a range of other sports and physical activities., to promote health and well-being to support the continual improvement and the attainment of children and young people., to help with vocational training, development. and employment opportunities, to contribute to community regeneration, and to create opportunities that promote overall wellbeingand enhanced lives. The Foundation's efforts lead to participants becoming f itter, and healthier, and achieving incremental successes while acquiring new Skills, talents. and expertise through education. This equips them better for a successf LJI transition from youth to adulthood. Through the Foundation's work, participant5 also gain the opportunity to enhance their self-awareness and community involvement, fostering a sense of being more connected to their neighbour5 and communities, championing Diversity. Equity, and Inclusion, which is a core value of the Foundation's work. The Foundation's earstrate 201 to 202 This reporting year marks the penultimate phase of the Foundation's strategy, originally approved by the Foundation's Board of Trustees in 2019. This strategy has been instrumental in guiding the Foundation's trajectory and future plans. It serves as a blueprint for the Foundation's operations, ensuring its eff icacy, resilience, and growth, and dictating what it provides to f ulfil its charitable objectives. This approach encompasses both the Foundation's'universal" activities, designed to be available and accessible to all, as DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - 3 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 The new CEO has used the 23124 season to develop a new strategy which will replace the previoLJS Strategy that has informed the approach of the business for the last five years. Workin with ourstakeholders In fulfilling its mission, the Foundation drew guidance from its charitable objective5 and adhered to the Charity Commission's directives on public benefit. Moreover, it aligned its strategies with the expectations and needs of key external stakeholders, which include the Premier League IPLI, the Premier League Charitable Fund IPLCFI, People's Postcode Lottery IPPLI, regional, sub-regional, and local public and voluntary sectors, as well as other professional football clubs in London through the collective membership known as London United. Additionally, the Foundation considered the aspirations of its direct partners, such a5 schools, care homes, participants, and their respective communities. Throughout the financial year the Foundation maintained close working relationships with local stakeholders. These partnerships wère crucial in ensuring that, collectively, the communities with shared interests and to whom the Foundation aims to bring benef its had access to meaningf ul and accessible services. These services aimed to assst these communities in navigating prevailing socitreconomic challenges and, more broadly. to bolster individual and community resilience. Relationshi with the Club The Foundation delivers community sportsand othercharitable activities underthe brand of the Club, rated one of the world's top-flight football clubs. It operates independently of the Club. The Articles of Association confer no abilityto the Club to exercise control overthe Foundation., trustees nominated bythe Club are required to declare conf licts and excuse themselves f rom decisions where conflicts are considered to exist. The Foundation has been granted the right to use the Club's brand symbol and accords with the associated reputation and quality standards of the Club. The Foundation also benef its from a range of services provided by the Club, which supports Its administration, infrastructLJre, and regarding the FoLJndation's projects access to opportunities, the co-creation of initiatives, marketing and promotion, and the "on- th*ground" delivery through making available elite and academy players from the men's and women's team5 and in talent progression pathways. The Club provides the Foundation with a gift of kit and as of May 2023 the Chief Executive is an employee of the Club, and all associated costs, including salary are covered by the Club, and their services donated to The Foundation. Boardof Trustees.. A Trustee must be a natural person aged18 leighteenl years or older. The number of Trustees 15 not less than 3 Ithreel but (unless otherwise determined by ordinary resolution) and shall be subject to a maximum of12 Itwelvel. DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - 5 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - 6 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Strate icRe ort Performance for the financialyear The Foundation leverages its connection to one of the most recognizable football club brands in the world and its world-class stadium, players, and staff to co-crèate and offer opportunities that, through sustained engagement, aim to transform the lives of those it serves. These opportunities span health and wellbeing education, employment. community cohesion and engagement. all intended to nurture character, inspire motivation, and enhance health, well-being academic performance. and careerpathways. With a vision to be among the most respected, impactf ul, and innovative sporting charities in the UK, the Foundation collaborates extensively with stakeholders from public, private, and charitable sectors. By maintaining c105e ties with the communities, It operates in the Foundation remains current, relevant, and responsive to localneeds. This approach facilitates the development and implementation of initiative5 that resonate with their intended audience, achieving lasting positive impacts in alignment w￿h its strategic goals. Social Value In October 2023, the Foundation commissioned Substance to highlight the importance of the Foundation and its work in the boroughs it works in. Through a Social Return on Investment ISROII study, the Foundation's impact has been assessed to help build the case to continue and expand its èfforts to create, deliver and sustain positivè, lasting change. The study is based on industry-standard method5 Utilised by various UK based and European sporting organisations and is focused on the year from ISI September 2022- 3ISIAugust 2023 (this falls outside of a singular financial year as some of our programmes are delivered in line with the academic yearl. As part of this process a draft Theory of Change was developed Iwith plans for further refinement and consultation in the f inancial year ending June 20241. Theories of change describe the change organisations want to make and the steps involved in making that change happen in as concise a way as possible. The theory of change diagram prepared for the Foundation was developed on the basis of a review of internal documentation and a workshop to identify target goals, outcomes and processes with key staff. The Theory of Change presents a pathway from the socio economic challenges faced by residents in the neighbourhoods it works in, through to the Foundation's goal of bringing lasting social change to the area. In between, it considers the assets and resources that are applied to the challenge,. the range of activities that these enable the Foundation to deliver,. a5 well as the intermediate and longer term outcomes for those the Foundation works with that contribute to the ultimate goal. Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Development of ourTheory of Change Stage l.. Problem Whi15t London remains one of the worlds most prosperous and desireable cities, its wealth and associated opportunities are unevenly distributed, even within the Club's host London boroughs. In a recent assessment of the club's socio-economic contribution to the local area it was revealed that the iconic Tottenham Hotspur Stadium lies within one of the IO¥o most deprived neighbourhoods in England with a number of surrounding local authority wards amongst the 596 most deprived., that average weekly pay in the local area was170kn lower than the national average in 2020., and that unemployment, child poverty and crime are all above the London average, particularly in Tottenham itself. Thi5 Sltuation is all the more troublinggiven that there is evidence to suggest that children increasingly bear the brunt of these inequalities. These issues are compounded by the financial pressures that constrain thè public sectorfs ability to respond and the Club and Foundation's sense of responsibility tovvards its neighbours and communities that have hosted the club for more than140 years. It is this context that informs the Foundation'swork and priorities. Stage 2.. Inputs Through the brand and its own infrastructure and resources as well as those of the Club, the Foundation can provide unique access to f inance,. facilities and equipment,. staff, trustees. and volunteers,. a network of motivated and committed commercial and locally trusted community partners, monèy can't buy, experiences and connections,. and good governance linked to knowledge, insight and data. Stage 3.. Activities These inputs, or resources, provide an ideal platform on which to build a range of social, physical, and educational programmes and associated participation opportunities centred around the coachin mentoring and teaching skills of the Foundation staff and their partners. These include: a range of sport and physical activity programmes and events designed to widen access to opportunities to play football and engage in other forms of sport and physical activity, dedicated youth and commLJnity programmes that work with care leavers and those in need of mentoring and social development. or support with their physical and mental health., education and employability programmes designed to support and enrich curriculum delivery, practical and personal skills development and the acquisition of qualif ications and employment,. and wider efforts to help maintain activè lifestyles and improve participants wellbeing. Stage 4.. Intermediate outcomes A growing body of evidence shows that the type of activities and physical activity programmes and opportunities to engage, be active, learn new skills and work that the Foundation provides, particularly for young people, help to build the key emotional and social skills that contribute to positive social outcomes in later life. Through their involvement, a broad and diverse range of participants move along a number of inter-related pathways that facilitate increased physical literacy., easier access to sport and learning opportunities,. increased confidence, personal and social development,. and increased educational engagement and attainment, ultimately leading to positive behaviour change and increased opportunities. Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Stage 5: Longterm outcomes The pathways identified at Stage 4 help young people to develop the'clusters of capabilities'that enable participants to achieve the outcomes that they, and othèrs. will value right now, and for their future whilst sport participation has consistently been found to improve mental health and social outcomes amongst adults. This evidence is also well aligned to the high level outcomes identif Led in the UK Government sport strategy and Sport England's vision to transform lives and communities through sport and physical activity. This underpins the pathway to achievement of the organisation's own long term aims to improve the health and wellbeing achieve greater social connectedness and better education and emplpoyment outcomesamongstthose theyworkwith. Stage 6.. Goal Ultimately, the Foundation seeks to drive lasting social change in the neighbourhoods surrounding the stadium and amongst its wider communities in which it works. The draft Theory of Change ig outlined below. TOTTÈ￿AmMtsTs￿kF0UNDATrO￿nÉo￿￿O￿c￿AwtsÉ Deliver To provide the most recent and accurate valuations, activity that took place across the period from September 2022 to August 2023 was identified to align with Foundation delivery and other organisational timeframes. The number of unique participants19,0381 and sessions delivered17,6721 demonstrate the Foundation's value across local communities, amongst participants and in the widèr population. Peo le and Places Whi15t we have a total number of people supported of 9,038 based on current data available in the most recent reporting period, personal details are only available for a subset of this population as presented in the next table. This is a more granular representation of the demography of those 6,165 participants. Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 People and Places- Borough and Age Splits1221231 Location Age AgeGroup Borough Haringey Enf ield Proportion 43¥. Proportion 1196 248/. 11-20 50% Waltham Forest 99. 21-30 8¥. Barnet 596 31-40 Hackney Islington Redbridge Other 3% 41- 50 8¥. 2% 51-60 61-70 8¥. 296 12% 70+ 2% The spread of delivery across key areas demonstrates the Foundation's dedication to making a positive impact across the local communities in the communities it operates in. Given the Foundations, focus on working with disadvantaged groups, it is important to consider the extent to which work is being delivered in, and attractingparticipants from. areas affected by multiple deprivation. Consideringthe individual programmes (where demographic data was available) it was possible to identify the range of participants and programmes that were working with those from the most disadvantaged1096 and 20% of local authority wards in England. The table below illustrates the proportions of participants from these areas of deprivation.. Proportion of Participants from Areas of High Deprivationlprogrammes forwhich data was available) Programme Top iO%wards Top 2096wards Total PL Kicks IIO/o 410 52¥, Street Soccer 2296 560 7896 PL Inspires Shape up with Spurs Move4You 30¥. 490 79% 15% 480 5396 3% 150 18% Heritage Work Experience/Placements ToCarelsTo Do Il¥0 Il¥0 22¥0 540 76% 330 44¥. Care Leavers 6p 67% 10 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 11 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - _*PL Primary Stars value consists of Facility Use Value only._ 12 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Based on the distribution of participants for whom postcode data was available it is also possible to estimate how much of this overall value might be attributed to residents of the various boroughs that benefit from the Foundation's work. Overall Valuation split by Borough Haringey1430/.1 Enfield124%1 Waltham Forest19¥,1 £8.17ffl £4.56m £1.7lm £950.Ok £3.61m Other119¥.1 Total £19.OOm 13 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Pro rammes deliveredin this eriod As a Club Community Organisation ICCOI, we are funded by the Premier League IPLI through the Premier League Charitable Fund IPLCFI to deliver the following three programmes.. PremierLeague Primary Stars(PLPS) PLPS is delivered by Foundation coache5 in primary schools. It motivates and SLJPPOrts children aged 5 to ii to learn, be active and develop important life skills. It supports their teachers to develop their own skills and competencies in Ljsing football to deliver fun educational-rich sessions through making available teaching materials, lesson plans and exclusive videos. The children's learning is connected to the real world of sport to enthuse pupils when tackling challenging Personal, Social and Health Education IPSHEI topics such a5 resilience, diversity, self-esteem, and fair play. The children also function as a conduit to encourage their parents, siblings, and wider family to get active and to keep active. It is also noteworthy that èvaluation of the programme demonstrates that teachers who participate in the Primary Stars programme have improved skills, knowledge, and conf idence in delivering PE and sport. The beginning of the academic year was a challenging Start for our Primary Stars programme, as two of the staff members lincluding the coordinator), left in the summer of 2022. Due to the reduction in dedicated staff and the time it took to recruit to the posts we worked with PLCF to crèate a delivery plan for the academic year focused on achievingamended targets. The revised seven-week model Ifrom sixweeksl has made a difference, with teacher5 given the opportunity to meet our team before delivery commences, helpingthem to prepare for the first week. 14 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Through meeting with the team beforehand to establish expectations from both sides, they were also able to complete the bespoke medium-term plan and pr+questionnaire. Thereafter, every session was evaluated by both the teacher and coach and used to plan the next session which worked well. In each pr+programme meeting the coach enabled the teacher to considerthe following.. Understanding lintentl, Participation Ilmplementationl. and Application Ilmpactl and how this would apply to their setting. We ensured that the sessions were realistic and planned for the current environment and setting for example usingthe equipment that was available in school. By havingthis in place, we were able to support the teacher to develop coping strategies to support all pupils, such as the importance of differentiating activitle5 to meet the differing needs of pupils (working at a pace that SLJltèd thèm so they would be more engaged), as they WOLJld plan in a classroom lesson. We delivered successful regional tournaments for both girls and mixed teams which resulted in us finding a team to represent us at the regional tournament at Luton. The two winning teams represented us in the national f inals at Leeds's Elland Road Stadium,which was a fantastic experience for the children involved. Over the course of the year, we achieved all the revised Key Performance Indicators IKPI'S) for the programme. pi's Number of teachers supported during PE lessons over a minimum six essions. Number of targeted interventions delivered over a minimum of six essions. Number of social action projects delivered over a minimum of six essions. Number of anti-discrimination education workshops delivered. Number of education activations or workshops delivered. Number of competitions delivered. Numberof unique schoo15engaged. Target 43 Actual 45 36 14 35 10 14 36 10 20 22 15 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Premier Lea ue Ins ires Ins ires Inspires is a tailored initiative, made bespoke bythe Foundation to address the specif ic need5 of secondary- aged youth in the local area. With its name ref lecting its purpose, Inspires aims to ignite personal skills and positive attitudes among children and young individuals to facilitate Success in various aspects of their lives. Aligned with the core outcomes of all Premier League Charitable Fund IPLCFI national programmes, Inspires has its unique objectives. It focuses on encouraging participants to improve their attendance and/or attainment levels and to progress into further education. training or employment. This program operates within secondary schools during term time, offering two to three hours per week to engage with students identif led by their schools as marginalized or at risk of not fulfilling their potential due to challenging behaviours. The Foundation's role is to provide support, guidingthese individuals as they navigate through their education journey into early adulthood. The programme aims to inspire. shape character. and equip them with a toolkit of personal skills and positive attitudes, fostering success both academically and in their future endeavours. The program's participants typically include students who may have had trouble sèttling into school, exhibited disruptive behaviour, or are at risk of exclusion. During the 2022-2023 season, we have broadened our reach,workingwith15 schools. 16 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - 17 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 18 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 19 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Coach s Insight.. °Throughout theprogramme, Nreceived targetedasslstanceandguidance, unlockingher fijllpotential. The Premier League Inspires programme empowered her, equipping her with the necessary tools to thrive academically, socially, andpersonally." Teachers Perspective.. "N is an inspiring student who faced challenges head-on, and emerged as a beacon oflgadership and determination within her Premier League Inspires group. She emerged as the driving force behind their socialactionproject. Herpassionandresilience led thegroup to developan impactfijl initiative, showcasing hercommitment to creatingmeaningful change in their commijnity." N s joijrney with the Inspires programme is a testament to the transformative power of theprogramme, to create tailoredopportunities to supporta range of needs andabilities, aidingyoungpeople to visualise, and attain their fullpotential whilst developingkey life skills. 20 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 PremierLea ue Kick5 Kick5 Kicks caters to individuals aged 8 to 25 within community settings. primarily centered around football as the primary activity to engage and retain their participation. Engagement varies, from children attending after-school clubs to fostering grassroots tèams in local commLJnity leagues. For those aged 18 to 25 and not engaged in education, employment, or training INEETI, the program aims to assist them in choosingand maintaininga positive pathway. Beyond football, Kicks activities integrate personal development and character-building skills, considering participants, overall mental well-being. The ovèrarchinggoal of Kicks 15 to motivate children and young people to reali5e their potential, thereby enhancing thèir well-being and fostering greater community cohesion. Aligned with the core outcomes for all PLCF national programs. Kicks also possesses specif ic objectives. It aims to facilitate participants, progression into education, training or employment while concurrently fostering their contribution to building stronger, safer. and more inclusive communities. The Foundation Kicksprogram delivered a total of twentyweekly sessions across our priority boroughs.. Haringey171, Waltham Forest141, Barnet Ill, and Enfield181. This was a clear increase when compared to the first half of the year, when we delivered seventeen sessions in Haringey171, Waltham Forest141, and Enfield161. Whilè football remains our core activity, we plan sessions that cater to the diverse needs, preferences. and interests of the young people in our target areas. Our Kicks session5 range from a two-hour'turn up and play football. format to more structured coaching sessions focLJsed on skill development and proficiency. The ability to adapt and provide flexible session plans is crucial in engaging and maintaining the interest of all participants. regardless of their stage of involvement. As part of our efforts to enhance staffing supervision numbers and improve our program delivery, we have actively sought partnerships with organizations like Barnet Youth Justice. The collaboration has been beneficial as it contributes additional staffingresources that aid in the smooth runnins of our sessions. One new initiative we introduced this year was the child weight management sessions. Collaborating with an NHS nurse, we created a weekend session for families with children who are deemed overweight. These sessions focus on fun activities while also providing education on healthy eating habits. We delivered an eight-week trial period, and based on the feedback we receive, we will assess the session's effectiveness 21 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 and adjust as needed. We are committed to continuing and improving this session a5 we recognize its importance. In addition to our regular programtlles, we have been experimentingwith new initiatives to expand our offer and meet the evolving needs of the community. One notable trial has been the introduction of school leagues. After discussions with school Physical Education staff, we discovered a lack of competitive football opportunities for students. In response. we collaborated with schools we have previously worked with and organized a seven-a-side league. Five schools within the Haringey borough enthusiastically agreed to participate, and the feedback from both schools and young people has been incredibly positive. The success of this trial has encouraged us to continue this model into the upcoming year. providing ongoing competitive football experiences for school students. Performance was good during the year, with the project over-performing against several KPI'S. However, there were a couple of KPI'S where performance was belowtarget. A plan has been developed to ensure we can sustain participant5 and provide valuable mentoring experiences for them both directly within the programme, but also across the wider business. The targets run into the next financial year as this programme runs from 1st September to 315t August. The sustained target is one that increased after this f inancial reporting period but is shown as a reflection of the programme performance as of 3oihJune2023. Pls Target Current completed ngaged Participants 1800 2138 119 etainèd Participants 936 94 ustained Participants 247 35 eferred Participants 83 166 4+ Participants 812 emale Participants 450 END ocial Action 1000 700 50 900 500 100 90 90 131 471 503 10 226 ompetitions orkshops entoringlminlo hours) raining 350 320 20 135 157 50 75 12 A BrightFuture Initiated Through PremierLeague Kicks RDS, arisingstarwhosejourney in footballis as remarkable as his talent. From demonstratingrawpotential to thriving on the field, RDS'S story is a testament to dedication, support, and the power of finding one s passion. 22 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 DiscoveringPotential.. From the outset, it was evidgnt that RDS possessed exceptional talent, with his commitment to training shining through. His technicalprowess, agility. andcoordination set him apart, laying the foundation forhis journeytowards excellence. Beyondskills.. But RDS'sjourney is notjustabout football skills,. it's about characterand camaraderie. He not only excels on the field but also exhibits exemplary behaviour and social skills, enriching the sessions and creating a POSltive environmgnt forall. Commitment to Growth.. RDS5 dedication knew no bounds, attending sessions religiously across multiple locations. His participation in tournaments with the Kicks program furthgr showcased his prowess, leaving an indelible mark even in league matches. SupportingDreams.' Recognising RDS s Potential andpassion, we took the initiative to help him pursue his dreams. Connecting him with clubs like PRO FA was a pivotal moment, witnessing his progress and success at his newfound home. A Mother's Gratitude.. The impact of our sUPPOrtresonatedbeyond the field, as RDS'S mother expressed her heartfeltgratitude for the opportunity provided. Seeing her son flourish in his football journey brought immense joy and fulfilment. Bright FutureAhead.. As RDS continues to grow and thrive, we are committed to supporting his development every step of the way. With his talentand determination. we believe thathis future in football is destined forgreatness. RDS s journey exemplifies the transformative power of passion, dedication, and Support. It speaks of the value that the PremierLeague Kicksprogramme brings to the lives of individualchildren andyoungpeople in ourcommunity, offering them accessible, lif￿hanging moments all while learning newskills andmaking new friendshipgroups. From discoveringpotential to realising dreams, his Storyserves as an inspiration to aspiring playgrs everywhere. As RDS continues to chase his football dreams, we stand alongside him, cheeringhim on towarda future filledwith success and fulfilment. Street Soccer Havingthe right, positive mindset is a crucial internal attitude foryoungpeople.Through ourtrainingof such during the delivery of the Academy programme, young participants will begin to believe in themselves and in their capacity to reach their goa15 and thus increase their own learningand development success. 23 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 The programme is typically for i& to 30-year-olds who are currently èxperiencing homelessness or who may be deemed at risk of becoming homelèss, such as ex-young offenders. long-term unemployed and NEETS (Not in Education, Employment or Training). The aim is to motivate participants to improve their lifestyles and to enhance communities nationwide by empoweringothers to bèlieve in themselves, to hèlp build conf idence and self-belief, to improve mental and physical health and well-being and to have programme participants learn not just for knowledge, but for positive action, so young people can reach their goals both on and off the pitch., and inspire others to do the same. We delivered one block of the Street Soccer programme to14 participants. Spurred to Coach The programme runs over four day5 duringschool half-terms where young people who aspire to take their coaching qualif ications are supported through an introduction to coaching programme to complete workbook tasks before puttingtheory into practice on the pitch. During the year we delivered the programme to 55 individuals. Twinning(pilotJ The Twinning Project is a partnership between HM Prison and Probation Service IHMPPSI and the Foundation with the objective of twinning every prison in England and Wales with a local professional football club. The Foundation coaches and football club staff, supported by prison PE officers co-delivered accredited coaching and employability-based qualif ications to12 prisoners to better prepare them for life after their release. 24 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - - - 25 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Our programme is one of our most purposèful and much needed services in our Health & Wellbeing department. It not only serves the individual with a purpose to their health and wellbeing through this most challengingtime, but also to their èxtended network of family and friends. We currently have sixty-four individuals on the waiting list due to the quality of 5ervice/delivery and the unfortunate need. The impact of the programme has had a profound impact on the long-term effects on qualityof life, fatigue, sit-to-stand scores, physicalactivity and walkingoutside of work. There are also clear links to cost-effectiveness for the NHS. Duringtheyearwe had148 NHS referrals, with ninety-fourparticipants accessingthe service, and delivered 981 sessions. 26 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Life-changing results-a Move4You case study.. The Move4You programme is delivgred by the Tottenham Hotspur Foundation and offers a 12-session guidedphysicalactivityprogramme across Barnet, Camden, Enfield, Haringey, andlslington toanyone over 18 who has hada cancerdiagnosis in thepast five years. Emily Candlercompleted the programme with the Foundations Chantelle Fernandez andspoke about the life-changing results. .1 want to saya huge thank youand let you know that its hada huge impacton me. It reallyhas transformed my life. As a life-longspurs fan, it feels like an old friendhas reached out andgiven me a hand-up and back onto the path towardsgoodhealthagain. °lam sogratefulforthe opportijnityto takepartin the Move4Youprogramme. Icannot overempha5ise the difference ith35 made to mephysicallyandmentally. Ithasgiven me confidence togetback into exercising andremindedme howgoodit feels to exercise. .1 remember how lost I was feelingat the time l applied for the programme. I had had to stop working due to fatigue causedbycancer treatment. My intention was toget fit andgetback togoodhealth, but I hadno plan as to how I would do that. Before my cancer treatment I wouldrun anddo long walks. but I hadn't been able to run properly forabout two years. Id tried swimming but a20-minute swim one day meant I had to spend the next dayin bed. A friend encouragedme to look againathelp forpeople who have had cancer. °As a lifelongspurs fan, it felt like fate to discover thisprogramme andl was so full of hope when l applied. I remember I was 51tting on my sofa on a dark gloomy day when Chantelle rang to arrange my first appointment. I was so thrilled to have a place on the programme. It fglt like the start of a newphase- route to turninga corner. I feltso seen. held. andsupported. I feltgettinga place on aprogramme like this was the only u*side to all the downside of having cancer. 27 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - 28 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - - - 29 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 But when she was diagnosedwith breast cancer the sport took on a whole newsignificance. °That was quite a difficult time for me and my family. One of the things that made me feel reallypositive was that I wanted to come back to play football,"she said. °During the time a lot of the coaches were in contact with me, checking that I was OK while I was having my treatment which was really impressive. When I came back to training itjust felt like I had a purpose, I had something to fight for and aim for because when you are diagnosed with breast cancer its upsetting and unnerving. You don't knovv what the future sgoing to bring. .1 couldn't vvait to get back to playing with my team-mates, being around them. Everyone who was Part of this journey was in my corner supporting me. I felt like I wasn't alone. Igot the all clear from my consultant and I was able to come out to compete in a tournament in Barcelona. It'sgiven me a sense ofpijrpose. I feel alive. Now I feel fantastic. °We are like a little family and that's been amazing. Its fun, its competitive. The THF and everything it's opened up for us is amazing. We have a team of fantastic coaches. It's been really uplifting. l just feel fit again. I'm verygrateful. °Forpeople in the community who can'tafford to do things the THFmakes a massive difference. If I can do anything to encourage morepeople to take partandreap the benefits it Ilbe fantastic. It's really doinga lot for the community." Anotherplayer. TerryGrant, 54. thought that walkingfootballsoundedabitslow, a bitboringandsomething forold folk. .1 came and tried it out and its been one of the best experiences I've hadin a long time. Its brought football back to life forme."hg said. 30 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 .1 used to try toplay11-3-side, but it was a bit too much forme- myhamstrings werepopping andmygroin Was going. This is much easier on my body. I ve got to really love footb311 again. I'm playing for my team, Tottenham Hotspur, I've always SUPPOrtedSpurs. °Ireallyenjoy the camaraderie. I'm livingmychildhood dream at 54, 1 feel truly blessed. I'm actually in the Southeast regional squad for England. Thats mad in itself. It's been a crazy year. lin now in Spain playing for Tottenham Hotspur what could anybody else ask for? "It doesn't matter if you re 15 or 53, you still want to play forspurs ifyou re a true supporter. lin well, well happyabout it." MSADH- Summary Across the financial year, MSADH has expanded geographically, and has reached more UP'S than any previous financial year 113471. There has been an increase in the number of people who sustain regular activity than recorded in previous seasons12041 and the mechanisms for identifying inactive residents have developed. We have increased our number of delivery locations by >36oA over our highest previous total134 > 251. utput Sessions delivered Unique participants attended) Participants f rom iverse ethnic ackground ¥oOfWomen oofmen o Of other Health &Wellbeing 763 621 Sport 663 1469 MSADH Total 1426 2090 >67% >640 >65% 74¥, 21¥0 50¥. 49% 58% 41% 5¥. 31 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Performance against KPIS: Whilè having achieved most expected targets across the financial year, some aspects have proven more difficult to achieve for the following reasons.. l. Number of people who sustain regular activity (target- I,oool- This goal was a substantive increase from the previous year12001 and on reflection it was too ambitlOU5. a5 we aim to deliver a deeper and more meaningful programme. Our current position of 204 for the yearwould have seen us successfully complete this KPI in previous sèasons. 2. Number of previously inactive residents who sustain participation {target= 240)- Historical approach to data capture made it difficult to authenticate'self-reported'data from inactive participants 1<15Omins activity per weekl. In February 2023, an audit was conducted on all data collection methods and a new, more streamlined methodwas introduced. Since the implementation of our new questionnairelmethodology, our measuringand tracking has been more efficient and improved how we identify inactivity. The nèw methods were implèmented in April 2023, so totals going forward will be more accurate and the target will bè achieved (current- loa expected- >2001. 3. Number of people engaging in tournaments Itarget=1,5001- Currently at 684, however, is expected to achieve approximately1000 by the end of the reporting year, with five tournaments planned during the school summer holidays. We acknowledge that the target of1500 was hugely ambitious and at the time of target setting the increase in the rising cost of venue hire. and other operational costs related to tournament events were not fully considered. 4. Schools engaged in Tournaments (Target- 301- Currently at 26, however, we have engaged a larger cohort of gchoo15 in other non-competitive ways, through park event5 in collaboration with Enfield Council. Our ability to work with our local schools. involving them in tournaments, was impactèd by school closures because of teacher strike action. Key Performance Indicator IKPI) Annual target output 2.000 1.500 30 25 240 Actual annual output (24th July) 2.347 708 26 34 103° Total Participants Engaged Total Engaged in Tournaments Schools Engaged in Tournaments Locations Available Number of previously inactive residents who sustain participation Number of people who sustain regular activity Number of people who report an increase in activity levels 1.000 780 204 415° 32 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Number of malè sportslfootballlfitness coaches Iplaymakers to Ll equivalentl Nutnber of female sports/football/fitness coaches (playmakers to Ll equivalentl Delivèred sporting memories sessions in the community per qLJarter °Figures fromApri12023-July2023-Newdata collection method. 60 68 36 43 Health Checks A programme to reduce health inequalities and the life expectancy gap in north London. The Community NHS Health Checks scheme aims to improve early diagnosis, raise awareness. and help to prevent cardiovascular disease and is delivered from community settings two days per week. During the year we delivered health checks to 361 individuals. 33 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - 34 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 To Care is To Do Children in Care &Leavin Care The Foundation has consistently prioritised ènhancing the lives of children in care and providing support to young adults as they transition out of the care system. This effort primarily operates in collaboration with the London Borough of Haringey. The program addresses the needs of children of school age, offering a wide 5PeCtrum of activities, including festive celebrations duringchristmas and end-of-school-year events. Throughout the year, the program facilitatès enrichment activities. cultural visits, and supplementary support for personal development and extracurricular activities. Moreover, the initiative caters to older children, typically aged 17, and young adults who are either on the vergè of leaving the care system or have recently transitioned out. For this demographic, the program focuses on imparting crLJcial independent livng skills, such as cooking budgeting and nurturing healthy relationships. Additionally, it extends support where needed for further education pursuits or to secure quality employment opportunities, aligning with their individual needs and aspirations. During the year the Foundation hosted the Education Achievement Awards in partnership with Haringey Virtual School, to recognise the outstanding contribution and achievement5the young people in care had made during the prior academic year. Presenting an awards show to an audience of 60 people was beyond the wildest dreams of two teenage refugees who arrived in the United Kingdom as asylum seekers from war-torn Sierra Leone. The Tottenham Hotspur Foundation made it happen through the care leavers, programme. Fatima Barrie and Fatima Sowe, both 17, have just emergedfromcare inHaringeyandlastyearwere taken under the wing of the THF. Lauren Black runs the children in care ènd care leavers, programmes. She explained how the two Fatimas got involved with the programme. "It started off initially when their social worker ptjt them forkvardandsaid these are twogirls who are both new to the country,"she said. "Their social worker said it wouldbe like agreat confidence boost for them. "So, they came to the first initial session. I remember they both satthere, andtheywere quietanddidn't want tojoin in, lackingin confidence itseemed. But theywere the only two that ended up actually rem3ininguntil the end. °They struck me as two young girls who they just needed that confidence boost, I think. Andnovv they'vegotitandthengotgoneon to amazing thing550. They took the opportunityandran with it." Hostinganawards show for theFoundation was the culmination of their transformation. Fatima Barrig said.."When we hosted the show, I was really nervous. The Foundation has helpeda lot in so many different ways because before getting involved I w35 getting into difficulties. There were so many 35 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - 36 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - - - - - 37 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - - - - - - 38 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - - - - - - - - - - - 39 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - 40 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 Financial Reviewof the Year Income See Note2 The Foundation received central funding towards core costs and for other norpspecif led uses of £0.7m 12022..£1.Iml. This funding is mainly from thePPL and the PLCFwith an additional one-off grant in 2022 from PPL to assist in Covid recovery. Value-in-Kind core services are provided and funded by the Club. Income relating directly to the Foundation's specific programme areas of Football, Sports, Health & Well- being and of Youth, Employment and Skills was a further £l.gn12022.. £1.5ml This combined income for the Financial Year of £2atll12022.. £2.6ml. Income from Donations totalled£O.Im {2022.. £0.3ml. This variance is mainly due to a charity match held in the Stadium in previous f inancial year. Costs SeeNote Staff costs relating to delivery coaches were £0.8m of the total staff ing costs of £1.6m for the Financial Year. This compares to £0.7m and £1.7m respectively for the previous f inancial year. Total expenditure on charitable activities for the Financial Year was £2911. This compares to £2.6m in the previous year. Net Year End The net year-end result was a deficit of £0.3m for 2023 compared to a surplus of £o.06m for 2022. Fundraisin The Foundation engaged in minimal fundraisingactivities. receiving donations as part of a commercial deal for match worn shirts through the Club and for ma5COt places. totalling£o.14m12022.. £0.3ml. The new CEO will develop a comprehensivè fundraising 5trategyfor roll-out in 23124 and onwards. No person or company was engaged by or acted on behalf of the Foundation for its fundraising activitiès, and no pressure was applied to any person to donate. No complaints were received regarding the Foundation's fundraising efforts. Investment olic The Foundation received a £4.5 million donation from the Club in 2006. the year of incorporation. This donation has been used to help fund the Foundation's activities. The Foundation keeps its cash reserves in a low-risk money market deposit account. This is reviewed monthly. Reserves olic The Board of Trustees updated the Foundation's reserve5 policy in February 2022. Previously the policy was to retain adequate reserves to cover expenditure arising from standard operations for at least twelve months. This was estimated at a minimum of £1.8m per annum. The policy has been in place since the Foundation was established as a registered charity. 41 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - 42 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Report of the Trustees {incorporatingthe Directors, Report and the Strategic Report)forthe year ended 30th June 2023 It 15 in the above context that the Trustees are of the view that the Foundation has adequate resources to continue as a going concern for the foreseeable future, being a minimum of eighteen months from the signing of these accounts and, as such, the financial statements have been prepared on the going concern basis. The Trustee5' Report lincludingthe Directors, Report and the Strategic Report) is approved by the Board of Trustees and signed on behalf of the Foundation.. M J Collecott Trustee 49845&3BAF484DE 29 March 2024 1 2:08 AM PDT 43 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - - - 29 March 2024 | 2:08 AM PDT DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - - - 45 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Independent auditor's report to the members of Tottenham Hotspur Foundation Report on the audit of the financial statementsas at 30 June 2023 Based on the work we have performed, we have not identif led any material uncertainties relatingto events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the f inancial statèments are aLJthorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements 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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the f inancial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the f inancial statements themselves. If, based on the work we have performed. vve conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothingto report in this regard. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are a150 the directors of the charitable company for the purpose of company lawl are responsible for the preparation of the financial statements and for being Satisfied that they give a true and fair view, and for such internal control as the trusteesdetermine is nècessaryto enable the prèparation of financial statements that are free from material misstatement, whether due to fraLJd or error. In preparing the f inancial statements, the trustees are responsiblè for assessing the charitable companls ability to continue as a goinsconcern. disclosing as applicable, matters related to going concern and usinsthe going concern basis of accounting unless the trustees either intend to liquidate the charitablè company or to cease operations, or have no realistic alternative but to do so. 46 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - 47 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - - - - - 48 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 - - - - 29 March 2024 | 9:28 AM GMT 49 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 29 March 2024 | 2:08 AM PDT 29 March 2024 | 2:08 AM PDT 51 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Cash flow statementforthe year ended 30 June 2023 2023 2022 Notes Net cash inflow/loutflowl from operating activities lal 1209,3351 57,838 Cashflows from investing activities Interest received Purchase of tangible fixed assets Net cash loutflowl from return on investments and servicing of finance 47.242 3,218 128,9731 19.1891 18,269 15,971 Increase/lDecrease) in cash and cash equivalents Ibl 1191,0661 51,867 lal Net cash inflow from operating activities 2023 2022 Net income llexpenditurel Interest income Depreciation of tangible fixèd assets Loss on disposal of tangible fixed assets Decrease /llncreasel in debtors Decrease in creditors 1322,0151 62,169 147,2421 13,2181 185,068 179,954 40,885 117,679 1107,803} 1183,7101 173,2641 io Net cash inflowlloutflowl from operatingactivities 1209,3351 57.838 Ib) Reconciliation of net cash flow to movement in net cash 2023 2022 Increase/ldecreasel in cash Net cash at the beginning of the year 1191,0661 51,868 3,269,819 3,217,951 Net cash at 30 June202312022 3,078,753 3,269,819 The above consists entirely of cash, and there are no cash equivalents held. 52 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 2023Accounting policies Basis of Preparation The financial statement5 of Tottenham Hotspur Foundation, a private company limited by guarantee, incorporated and registèred in England and Wales, company number 05760570, have been prepared on a going concern basis (see page14 of the Trustees, report for further detail) and in compliance with applicable UK accounting standards (UK General Accepted Accounting Practicel, including Financial ReportingStandard102,"The Financial Reportingstandard applicable in the United Kingdom and the Republic of Ireland. I'FRS 1021. In partiCLJlar, they comply with the Charities Act 2011 and Companies Act 2006, and the Statement of Recommended Practice "Accounting and Reporting by Charities" effective l January 2019 as subsequently amended (the "SORPI. Accounting convention The Charity meets the definition of a public benefit entity under FRS102 a5 our primary objective is to provide services for the community within our four boroughs of Haringey, Enfield, Barnet & Waltham Forest. The financialstatements have been prepared underthe h15toricalcost convention. Goingconcem The Board of Trustees continually monitors the Foundation's exposure to its principle risks and uncertainties which includes Financial Risks. The Board mitigates the potential for the risk to arise and the potential impact through regular monitoring of the Foundation's finances. The monitoring compares on a cumulative quarterly basis the actual and the forecast financial performance for the year with the planned performance accordingto the budget. Monitoringalso includes the cashflow position and a sensitivity analysis of futLJre funding sources. As part of the annual budget settingand decision-making process the Board of Trustees considers Goingconcern status with the main factors being the sources, nature, and quantum of income to be generated to enable the Foundation to pursue and to achieve thè ambitions set out in its strategy. Prudent assumptions are made in settingthè annual budget for the yèar's operations and within the context of a three-year perspective of potential impact on Foundation's general reserves. It is in the above context that the Trustees are of the view that the Foundation has adequate resource5 to continue a5 a going concern for the foreseeable future, being a minimum of eighteen months from the signing of these accounts and. as such, the financial statements have been prepared on the going concern basis. Functional currency The functional and presentation currency of the Charity is considered to be pounds sterling because that is the currency of the primary economic environment in which the Charity operates. 53 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 Income All income is included in the Statement of Financial Activities {'SOFA'I when the Charity 15 legally entitled to the income and the amount can be quantified with reasonable accuracy and receipt is probable. The followingspecif ic policies apply to categories of income: Donations are recognised in the SOFA when receivable unless the donor specif ies that the grant or donation must only be used in particular f inancial accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement, in which case the income is deferred. Grants related to performance and specif ic dèliverables are accounted for as the Foundation earns the right to consideration by performance. Where income is received in advance of its recognition it is deferred and included in creditors. Where entitlement occurs before income is received, the income is accrued. Grants which are contributions to existing project5 are deferred where there are insuff icient costs to allowfor drawdown and recognition of income. Investment income is recognised on a receivable basis. Expenditure on charitable activities This include5 all expenditure dirèctly related to the objècts of the Charity. It also includes support costs representing staff ing and associated costs. All èxpenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directlyattributed to particular headings, they have been allocated to activities based on the consumption of direct resources. Expenditure is recognised when there is a present legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required. and the amount of the obligation can be measured reliably. Support costs have been apportioned among charitable activities on an appropriate basis. Other expenditure Other expenditure comprises all costs, including staffing and associated costs, included in the management of the Charity's assets, organisational administration. and compliance with constitutional and statutory requirements. Governance costs are the costs associated with the governance arrangements of the Charity which relate to the general running of thè Charity as opposed to those costs associated with f Ljndraiswig or charitable activity. Included within this category are costs associated with the strategic as opposed to dayto-day management of the Charity's activities. Some services are donated by the Club to support day-to-day administration, events, or other fundraising activities, including access to elitè players,. these services are impractical to quantify, and a value has not been included in the financial statements. Governance costs are allocated within support costs in line with the Charities SORP 2019. Irrecoverable VAT 54 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 Irrecoverable VAT is charged as an expense in the statement of financial activities. Fixed assets Fixed assets include plant and equipment, the cost of which is written off over threè to five years on a straight-line basis. Furniture Is written off on a straight-line basis over ten years. Leasehold property improvements are depreciated over the life of the lease of twenty-f ive yèars on a straight-line basi Operating leases Rentals under operating leases are charged on a straight-line basis over the lease term. Fund accounting The Charity's general fund is unrestricted and consist5 of funds which the Charity may use for its purposes at the discretion of the trustees in the furtherance of the objects of the Charity. Such funds may be held to f inance both working capital and capital investment. Restricted funds are funds which are used for specific functions or projects accordingto terms and restriction5 imposed by donors or funding bodies. Designated funds are funds earmarked by the Trustees for particular purposes. Restricted funds Restricted funds are funds subject to specific trusts, which may be declared by the donors or with their authority or created through legal process, but still within the wider objects of the charity. Restricted funds may be restricted income funds, which are expendable at the discretion of the trustees in f urtherance of some particular aspects of the objects of the charity. Or they may be capital li.e., endowmentl funds, where the assets are required to be invested, or retained for actual use, rather than expènded. Designated funds Designated funds are unrestricted funds. If part of an unrestricted fund is earmarked for a particular project it may be designated as a separate fund, but the designation has an administrative purpose only. and does not legally restrict the trustees'discretion to applythe fund. Critical accountingjudgements In the application of the Charitls accounting policies, which are described in this note, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoingba5is. Revisions to accounting estimates are recogni5ed in the period in which the estimate is rèvised if the revision affects only that period, or in the period of the revision and futLJre periods if the revision affects both current and future periods. 55 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 Key sources of estimated uncertainty There are no critical accounting judgments or key SOLJrces of estimation uncertainty at the reporting date. Financial assets and liabilities Financial assets and f inancial liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument. Financial assets which qualify as basic f inancial instruments a5 laid out in FRS 102 paragraph11.8, including trade and other receivables and cash and bank balances. These are valued at amortised cost and assessed for impairment at the end of each reporting period. Financial asset5 are derecognised when and only when lal the contractual right to the cash flows from the financial asset expire or are settled, Ibl the Charity transfers to another party substantially all of the risks and rewards of ownership of the f inancial asset, or Icl the Charity, despite having retained some, bLJt not all, significant risks and rewards of ownership. has transferred control of the asset to another party. Financial liabilities are classified according to the substance of the contractual arrangements entered into. All financial assets and liabilities are initially measured at transaction price (including transaction cost51 unless the arrangement constitutes a financing transaction, thè financial asset orfinancial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar dèbt instrument. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled, or expires. Cash, debtors, and creditors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions are recognised where the company has a present obligation resultingfrom 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 recogni5ed at their sèttlement amount after allowing for any trade discounts due. 56 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 Income from charitable activities Income from charitable activities comprises: 2023 2022 Football, Sport, and Heath & Wellbeing Youth, Employment and Skills Central Funding 960,956 87,476 574.322 642,494 679,471 1.093,133 2,214,749 2,607,103 Expenditure on charitable activities Total at 30June 2023 Direct costs Staff Support costs costs Football, Sport, and Heath & Wellbeing Youth, Employment and Skills 813,333 516,661 290,811 1,620,805 459,441 29s894 160,624 915,959 1272,774 812,555 451,435 2,536,764 Total at 30June 2022 Direct costs Staff Support costs costs Football. Sport, and Heath & Wellbeing Youth, Employment and Skills 654,123 580,042 246,038 1,480,203 495,872 396,094 172,765 1,064,731 1,149,995 976,136 418,803 2,544,934 Support costs 2023 2022 Supportcostscomprise.. Staff costs Other expenses 812,555 976,136 451,435 418,803 1263,990 1,394,939 Included in support costs are £40,020 of governance costs12022.. £36,000). 57 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 Support costs are allocated over projects based on the percentage of expenditure before support costs. Investment income 2023 2022 Interest received 47,242 3,218 Expenditure This is stated after chargin 2023 2022 Depreciation Operating lease- land and buildings Fèes payable to the Charity's auditor for the audit of these financial statements 185,068 s622 179,954 s622 40,020 36,000 Staff costs and numbers 2023 2022 Wages and salaries Delivèry coaches staff costs (included in direct costs in note 31 Social security costs Pension Other costs 544,79 673,661 840,395 748,668 131,641 39,015 169,805 138,288 39,389 115,307 1,725,575 I,IS313 Recognised within other costs is redundancy payments of £14,16912022.. £Nill. Redundancy payments are recognised when an obligation exists to the employee for an amount that can be measured, and settlement of this obligation is probable. Both social security and pension costs include all staff. 58 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 The average monthly number of persons employed analysed by function was: 2023 2022 Football, Sport, and Heath & Wellbeing Youth, Employment and Skills Administration 22 io 16 21 14 14 48 49 In addition. there were, on average, eight181 active casual members of staff12022-. 81. Coaches are employed to deliver the programmes and are included in charitable expenditure direct costs. As a result of the Automatic Enrolment scheme, all employees are offered a self-administered group money purchase pension scheme. The assets of this scheme are held separately from those of the Charity, being invested with insurance companies. During the year, one employee was considered to be the key management personnel. This employee's emoluments fell between the band £120,000 to £12SOOO annually with actual costs of £65,92912022'. one employee between the band £llSOOO to £120.000I excluding employer pension contributions. The new CEO was appointed on the 2, May 2023 and is now an employee of the Club and their services donated to the Foundation. An ex-gratia payment of £29,705 was made to the Foundation's retiring CEO, approved by the Board as a gesture of goodwilL No otheremployee received emoluments of morethan £75,000. No trusteè rèceived any remuneration duringthe year or prior year. No trustee was reimbursed for any expenses incurred during the current or prioryear, nor were any expenses paid by the charity on their behalf. 59 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 Tangible fixed assets ShortLeasehold General Property plant and Improvements equipmen Total Cost Atl July2022 Additions Less Disposal 3,448,463 269,621 3,78.084 28,973 28,973 114SI321 114SI32} At 3OJune2023 3,448,463 153,462 3,601,925 Depreciation At l July 2022 Charge for the year Less Disposal 633,776 154,156 165,965 799,741 30,911 185,067 1104,2461 1104,2461 At 3OJune2023 787,932 92,630 880,562 Net book value At 3OJune2023 2,660.531 60,832 2,721,363 At 3OJune2022 2,814,687 loa656 2,918,343 Debtors 2023 2022 Trade debtors Prepayments Accrued income 19,088 15,279 101,186 138,916 25,977 88,340 13S553 253,233 60 DocuSign Envelope ID: 67EDD4C1-FE15-4725-B688-BD0838A799F8 61 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 Reconciliation of Funds Restricte Designated d funds Funds General Reserves Total funds Funds carried forward at 30 June 2021 151,210 3,222,464 2,487.508 5,861,182 Income Expenditure Transfer from General to Designated Funds Transfer from Unrestricted to Restricted funds 1,016,814 11,579,5951 36,000 1.554,289 2,607,103 166,4491 1898,890112,544,9341 1170,7661 170,766 623,063 1623,0631 Funds carried forward at 30 June 2022 211,492 3,021,249 2,690,610 5,923,351 Income Expenditure Transfer from General to Designated Funds Transfer from Unrestricted to Restricted funds 1,015,654 11,145,112) 36.000 1,163,905 2,214,749 174,3481 11,317,304112,536,7641 1156.0951 156.095 1189,9331 189,933 Funds carried forward at 30 June 2023 271,967 2,826,806 2,502,563 5,601,336 Within Designated Funds, £64,55812022.. £102,906) relate to the Section106 Projects which run for 10 years in conjunction with the local Councils. The trustees designated the Tangible Fixed Assets at £2,721,36312022.. £2,918,343) in the current year, as the funds are not immediately available. Restricted funds are funds received which are to be used for specif ic projects according to terms and restrictions imposed by the donors and funding bodies. They relate to several short-term projects, the activities of which are in line with our objectives, covering two programme areas Football, Sport, Health & Well-Beingand Youth, Employment & Skills. Most of the restricted funds will bè utilised within the next three to twelve months. The transfer between restricted, designated, and unrestricted funds relates to the transfer of the spending of unrestricted funds on areas where there ig restricted income. to reflect the correct carried forward balance of restricted funds. 62 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 12 Company net assets byfund Tangible assets Current Current assets liabilities 2023 Total General 2,877,871 1334,33312,543,448 Designated Restricted 2,721.363 64,558 271,967 2,785,921 27,967 Total 2,721.363 3214.306 1334,3331 s601,336 Tangible assets Current Current assets liabilities 2022 Total General Designated Restricted 3,208,654 1518,04412,690,610 102,906 3,021,249 211,492 211,492 2,918,343 Total 2,918,343 3,523,052 1518,0441 5,923,351 13 Taxation Tottenham Hotspur Foundation is a charity registered under the Charities Act1993 las amended by the Charities Act 20111 and is therefore exempt from taxation on their income and gain5 falling within Part11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act1992 to the extent that they are applied to their charitable purposes. 14 Related parties Mr M J Collecott and Ms D Cullen are trustees of the Foundation and are paid directors of Tottenham Hotspur Limited and Tottenham Hotspur Football & Athletic Co. Limitèd. No trustee received any remLJneration or was reimbursed expenses duringthe year12022.. £01. An agreement is in placè between the Foundation and the Club which provides for a level of general support which is impractical to quantify. During the year. the Tottènham Hotspur Limited group was reimbursed from the Foundation for expenses paid on their behalf of oo7.87512022..£107,875). At the balance sheet date £012022.. £10,3741 was due from the Foundation to Tottenham Hotspur Limited) was due from the Foundation to the Tottenham Hotspur Limited. Nil was owed to the Foundation by Tottenham Hotspur Football and Athletic Company12022.. £Nil was owed to the Foundation by Tottenham Hotspur Football and Athletic Companyl. The Foundation's transactions with Stardare Limited. a subsidiary of Tottenham Hotspur Limited (included in the above balance), and a related party with directors in common with both the 63 Docusign En¥ÈlopÈ ID". 67EDD4C1-FE1U725-B688-BD0838A799F8 Tottenham Hotspur Foundation Notes to the accountsfor the year ended 3othJune 2023 Foundation and Tottenham Hotspur Limited, are included in note16. During the year, income was recogni5ed by the Foundation from Tottenham Hotspur Football and Athletic Company of £36,000 12022.. £36,000). Ms S Ebanja (resigned Dec Ll was a governor of Capital City College Group, for whom the Foundation had previously provided educational and training services under several agreements. The Capital City College Group has taken over a Collegè the Foundation has been running a supported employment project with since19120 (Project Search). During the year, the Foundation received income of £8sooo12022.. £nill, of which £nil is owed to the Foundation at the year-end. There are no other related party transactions. 15 Ultimate controlling party The trustees are the ultimate controlling partyof the Foundation. Tottenham Hotspur Ltd, in return forgranting the Foundation rights to the use of its brand and intèllectual property rights, is entitled to appoint up to four trustees (currently twol with the intention that the number of nominated trustees should not be greater than the independent trustees. 16 Operating Lease The Foundation entered a twenty-five-yearlease, dated 2 September 2016, with Stardare Limited, related company, for renting Percy House. The initial rent is £4,685 per annLJm, excluding VAT. Amounts due under non-cancellable operating lease.. 2023 2022 Less than l year 1-2years 2-5years Over 5 years 5,622 5,622 16,866 82,925 s622 622 16,866 88,547 Total 111,035 116,657 64