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← Tottenham Hotspur Foundation

2025-06-30-accounts

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBDO4DA

Company registration number 05760570 :

Charity registration number 1113725 (England and Wales)

TOTTENHAM HOTSPUR FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees M J Collecott, Executive Director M J Collecott, Executive Director
J Balon, Headteacher
M T Hinch, Chief Executive
DrN C Osuji, Chief Executive Officer
Secretary M J Collecott
Charity number (England and Wales) 1113725
Company number 05760570
Registered office and Percy House
operational address 796 High Road
Tottenham
London
N17 ODH :
Auditor Xeinadin Audit Limited
46-48 East Street
Epsom
Surrey
, United Kingdom
KT17 1HQ
Website https://www.tottenhamhotspur.com/the-club/foundation/about-us/ https://www.tottenhamhotspur.com/the-club/foundation/about-us/

https://www.tottenhamhotspur.com/the-club/foundation/about-us/

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TOTTENHAM HOTSPUR FOUNDATION

CONTENTS

Page
Trustees’ report 1-19
Independent auditor's report 20 - 22
Statement of financial activities 23 - 24
Balance sheet 25
Statement of cash flows 26
Notestothefinancialstatements 27-41

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

1. Foreword from the Trustees

We are thrilled to have seen how the Foundation has continued to evolve and respond to the needs of local residents this season.

With programmes opening doors to education and pathways into employment, driving healthier and happier lifestyles, and building safer, stronger communities, the Foundation is truly delivering on the Club's vision to create life-changing opportunities across North London.

This impact report not only reflects that success, but also highlights the Foundation’s commitment to inclusivity, empowering progress across some of the most deprived neighbourhoods in England.

As always, many thanks to funders such as the Premier League Charitable Fund and People’s Postcode Lottery, whose support is vital.

The Foundation is now better placed than ever to create lasting, meaningful change for those who need it most and we could not be more excited to present details of our progress in this report.

We, the Board of Trustees, alongside the CEO and Foundation team wish to extend our heartfelt thanks to Donna Maria Cullen for her exceptional dedication and longstanding service as a Trustee of the Tottenham Hotspur Foundation. Throughout her decades with the Club, Donna Maria has been a driving force behind its community impact, bringing wisdom, compassion and unwavering commitment to every initiative. Her leadership playeda vital role in the formation of the Foundation itself, helping shape programmes that have positively transformed countless lives across our communities. As a long serving Trustee of the Foundation, her advocacy and stewardship have ensured that our work remained ambitious, inclusive and deeply rooted in the Club's values. We are profoundly grateful for her vision, her integrity, and the generosity of spirit she brought to the Board - qualities that will continue to inspire the Foundation’s mission for years to come.

2. A welcome from the CEO

It gives me huge pleasure to shine a light on the impact we made in the 2024/25 season, representing a significant increase in our social value and highlighting the positive difference we are making for our local communities.

The season was one of resilience, growth and community-focused initiatives, and | would once again like to thank the Board for their time, support and guidance and the Foundation team for all their hard work and relentless dedication to support as many people as possible in the Spurs heartlands.

From supporting young people in their educational and employment journeys to tackling health inequalities, every programme delivered is a step towardsa better future.

As we cast an eye back on our achievements of last season, we also have one eye on next season in which we will celebrate the Foundation’s 20th birthday, develop our next strategy and launch a number of fundraising products, all of which will support us to beckon in a new era that will enable us to effect even greater change.

Marc Leckie

Tottenham Hotspur Foundation Chief Executive Officer

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Objectives and activities. Charitable Objectives:

Public Benefit Statement:

The Trustees confirm they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Strategic Objectives:

This is year two of our strategy and the overall objectives continue to be to:

1. Support a skilled and diverse workforce.

  1. Diversify income and ensure financial sustainability.

  2. Be recognised as a high-quality organisation.

  3. Grow awareness and connection with the Foundation.

5, Expand delivery in areas of highest need.

These objectives had a cross-cutting focus on Diversity, Equity, and Inclusion; Sustainability; and Safeguarding across the whole business.

Achievements and Performance

Tottenham Hotspur Foundation inspires, empowers, and transforms the lives of residents in the Spurs heartlands (Haringey, Enfield, and surrounding London boroughs).

.

. The total social value delivered this year was just over £24.4m . For every £1 invested by the Foundation, £10.38 of social value is generated. . In 2024/25, the Foundation supported 13,084 people. . It delivered 10,586 hours of support.

Social value is a way of measuring the impact created by an organisation, as part of its everyday output. This calculation is based on an accepted national formula, considering not only the value for money offered by Tottenham Hotspur Foundation, but the benefit to society through its direct impact on people's lives, the economy, and the environment.

All data is from the Tottenham Hotspur Foundation Social Impact and Valuation Report 2024/2025, produced by Substance.

Through our programmes, we:

. Build safer, stronger communities. ° Open doors to education . Drive healthier and happier lifestyles. « Create pathways into employment.

Diversity is our strength, and inclusivity is our guiding principle. We ensure everyone, regardless of background, has a place to belong.

“Tottenham Hotspur Foundation consistently displays progress and positive change throughout its reporting periods. Expected returns for future years are likely to push over £30 million of social value and beyond if the same level of participant progress is achieved, accompanied with new exciting projects and programmes.”

Tim Crabbe

Substance Chief Executive

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Value of impact

To work out that the Foundation generates £10.38 of social value for every £1 invested, the social value of each of our programmes was calculated, then considered in relation to our expenditure over the same period from July 2024 to June 2025.

Youth & Community £1.99m 4,119 1,992
Health & Wellbeing £4.85m 2,747 2,552
Employment& Skills £13.96m 1,852 1,543
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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:

Borough (% participants)
Haringey (60%) £14.65m
Enfield (21%) £5.13m
Waltham Forest (4%) £976.40k
Barnet (3%) £732.30k
Other (13%)
Totalfm

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Youth and community

Number of unique youth and community participants 4,119

Hours of delivery 1,992

Premier League Kicks

Football and multi-sports were delivered to 2,715 local youngsters over the course of 1,272 hours through our delivery of Premier League Kicks.

Funded through the Premier League Charitable Fund, the programme uses the power of football and sport to inspire young people in some of the most high-need areas to reach their potential.

Among grateful parents has been Vikki Palmer, whose children Gracie and Millie took part in sessions.

“They've both really enjoyed it. If Gracie wasn’t here, I'd be working, so she’d probably be sat on her tablet scrolling through social media and watching TV. Instead, she’s able to be out in the fresh air, exercising and making new friends.”

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Participant Sarah said: “I've been able to attend without having to pay, whereas other clubs you might have to, and I've appreciated the sessions a lot. I’ve learnt new football skills, and I've gained confidence. | used to stay by myself, but now I like being with people and talking to them, not worrying about whether they're going to judge me. Overall, the sessions have got me out of the house, and I’ve experienced all these nice opportunities — it's made me feel ‘Wow'’.”

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Huddle Project

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Local youngsters say the Huddle Project — a dual football and flag football programme funded by the Foundation, NFL, and Nike — is “opening doors” they did not know existed.

The Huddle Project celebrated its first birthday in October, during a season when 568 participants benefited from 426 hours of delivery.

Kristian Cato said: “The staff told me they saw a leader in me, and | just needed that to blossom, so I've been given and grown into certain roles at sessions. This had led to other opportunities and pathways, such as the Foundation’s Spurred 2 Coach course, helping at the Chicago Bears’ Mini Monsters session and doing some stewarding at Tottenham Hotspur Stadium when the NFL was here.”

Another participant, Muskaan, has enjoyed the programme so much that she is now aspiring to become a Foundation coach.

“The Huddle Project benefits you physically, mentally, and socially. | enjoy the environment. The coaches make it so safe and fun that you just want to be there ail the time.

“Since participating, I've done Spurred 2 Coach and work experience with the Foundation and now volunteer with some of the coaches at their football sessions. It's just opened loads of doors for me.”

Spurred 2 Coach Introduction to coach programme. Upon completion, participants are supported on to the FA Introduction to Coaching Football qualification.

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Premier League Fans Fund

Various projects, supporting the Club to strengthen connections between it, its fans, and local communities.

Home Cooked

Football sessions delivered as part of the My Ends consortium — tackling serious youth violence in Northumberland Park ward — and funded by the Mayor of London’s Violence Reduction Unit.

Education

Number of unique education participants 4,366

Hours of delivery 4,496

Premier League Primary Stars

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Our delivery of this Premier League education programme, funded through the Premier League Charitable Fund, reached 4,024 pupils last season.

Staff spent 3,876 hours in loca! primary schools, where they used the appeal of football to help children be active and develop essential life skills.

At Lea Valley Primary School, where the Stadium can be seen from the playground, pictures of pupils enjoying Foundation activities adorn the walls.

Pupil Ivana said: “Having Spurs come into the school, it’s really cool. | really like the football we do with them in PE. The coaches come up with new things to keep it interesting and it teaches me how to be more confident and focused.”

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Her dad, Obasi Nwaobasi, said: “My kids are very excited whenever they engage with Spurs. They come back home so happy and excited — supercharged! They talk about the experiences and what they've learnt, and we're really pleased with the impact.”

Headteacher Maria Kokotsis said: “We believe happy children are happy learners and when Spurs is involved the feedback from the children is always so positive. The feedback is generally ‘Miss, that was the best day!’ They're always in awe of what the Foundation can offer them.”

Premier League Inspires

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We delivered 620 hours of the Premier League’s secondary schoo! education programme to 342 students’ last season.

Premier League Inspires empowers students at risk of not meeting their potential through a series of regular face-toface group sessions, mentoring, workshops, and social action projects.

Participant Mariam said: “We feel privileged to have been part of this programme. We've been practicing key skills for our futures like how to be a leader, communicate and work as a team. The Foundation staff are really nice.”

Another participant, Zumeya, said: “The programme's taught us things we wouldn't normally do in or even outside school, so it's really helped.”

Steve Campbell, pastoral manager at Heartlands High School, explained: “We've had a few challenging kids who have really enjoyed the programme and speak highly of the Foundation mentors — one of the first still talks about it now. Having that professional! voice and it being affiliated with football makes a difference.”

Victoria White, head of Year 9 at Hornsey School for Girls, said: “We've seen a lot of positive change in our students who took part because they've really bought into it, thanks to really engaging sessions and an overall really well-run programme by the Foundation.”

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Health and wellbeing

Number of unique health and wellbeing participants 2,747

Hours of delivery 2,552

Shape Up with Spurs

A flagship Foundation programme, Shape Up with Spurs has supported 1,624 people last season, through 1,078 hours of circuit-based physical activities.

It is part of our Making Sport a Daily Habit programme funded by the Premier League and Professional Footballer’s Association Community Fund.

Mike Sahodree has been a regular participant in Shape Up with Spurs since he was introduced to the programme more than five years ago. The sessions have got him back to running at the age of 75.

“At the point of being introduced to Shape Up with Spurs, I'd had some problems in my life and was also neglecting my diet. | was in the mindset that I’d just walk from time to time to keep fit. The programme helped me realise |! needed to change and inspired me to improve my diet and fitness overall.”

Mike is originally from Mauritius. He lived in various parts of the UK before settling locally. “I've engaged with my local football clubs across the country, but Spurs beat them all community-wise. It’s not just Shape Up with Spurs on offer, but also help for people to find jobs, improve their mental health and so much more.”

Cerebral palsy football

Back in September, the Foundation formed a team to give people with cerebral palsy (CP) an opportunity to play football alongside those of similar physical abilities.

They won their first trophy in March, with young Liam scoring a hat-trick in the final.

His mum, Nera, said: “Liam’s always been obsessed with football, and it's helped with his mobility a lot. He had a wheelchair when he was littie and was told he might not walk properly.

“But trying to fit in with other boys his age has, naturally, been difficult through the years.

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

“| couldn't believe it when we found out Tottenham Hotspur had assembled a CP team because Liam’s a huge Spurs fan. When | told him, he was elated. | can't describe the noise that was coming out of his mouth. He was screaming, so happy. Being a lifelong Spurs fan, it means the world to him."

“For me, to see him playing, with everyone telling me they've never seen him so happy, we wouldn't get this without the Foundation CP team. Thinking of everything we've gone through with hospital appointments, to see him at his peak like this, it's just brilliant and I'm so grateful.”

Move4You

Programme of twelve physical activity sessions for individuals with a cancer diagnosis in the last five years — named Best Sports Community Scheme amongst UK football clubs at the Sport Business Awards.

Fair Play Football

Football sessions delivered to young people with a history of multiple adverse childhood experiences, as part of a quadripartite community project.

Heritage tours

Aseries of accessible and inclusive heritage-themed walks for people who are less active due to social, mental, and physical barriers.

Give Up Loving Pop

Educational programme across primary schools in Key Stage 2 created in response to growing tooth decay and obesity rates.

Movember - Ahead of the Game

Expert-backed youth mental health programme teaching an understanding of mental health and how to build mental fitness.

Employment and skills

Number of unique employment and skills participants 1,852

Hours of delivery 1,543

Get into Work

The Foundation runs a wide range of free opportunities to help support thousands of people into employment. Last season, this included a sports business careers fair co-hosted by Ali Sakinsel.

Ali has benefited from various Foundation initiatives, including our Level Up Network supported by the Mayor of London, a programme for young people to develop their employability and life skills.

He said: “It’s been an incredible journey for me, from taking part in programmes like Level Up Network and Start Something, to now working with the Foundation and having the opportunity to host this incredible event. The support has been amazing.”

Samuel Foster, who as a teenager joined our delivery of Premier League Kicks, attended the careers fair with the Premier League, where he has since progressed to a full-time role. He hoped to inspire others on a similar journey.

“The Foundation gave me the opportunity to see a pathway to the next stage of my life. It wasn’t just the football; it was everything around it — supporting those within underrepresented groups and in underrepresented areas and aiming to increase social mobility. That is the message we're sharing here.”

Start Something

Start Something is an eight-week business-building bootcamp for residents aged 18-30, culminating in a Dragon's Den-style pitch at the Stadium.

Group workshops and one-to-one support are delivered by Enterprise Nation, with Club partner Socios.com funding the programme through its social impact arm, Socios.com Supports, and helping mentor participants.

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, TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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Nathan, born and raised in Tottenham, was part of the first cohort and secured the top prize of £1,000 towards production of his chocolate bars.

He said: “Start Something showed me what the world of business is all about. It showed me the whole side of : running a business that you don't really talk about in school or online and ultimately helped give me greater belief in my product.

“t really do appreciate the opportunity Tottenham Hotspur has given me. I'm really proud of myself and where | come from.”

Alisha collected £500 in support of her sustainable clothing that is inclusive of and tailored to women who wear a hijab.

She said: “The support of the Foundation and partners has been great. Everything they stand for | really resonate with. This has been a good opportunity and helping hand for people like me who don’t have a business background.”

Level Up Network

Six-month programme for 16—24-year-olds to benefit from mentoring and more, to develop their employability and life skills.

To Care Is To Do

Inspiring and engaging children in care through out-of-school hours learning, including social activities, a homework club, mentoring and employability support.

Project SEARCH

Twelve-month supported internship at North Middlesex University Hospital for young adults with special educational needs and disabilities.

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Tottenham Futures

Six-week life skills and development programme to engage children aged 10-17 through workshops and games.

Training Ground

Employability programme to support both those seeking employment and further training, supported by EFL in the Community.

Diversity, Equity and Inclusion

We aim for Diversity, Equity and Inclusion (DEI) to be a thread that runs through all that we do.

To us DEI means:

Diversity - Empowering people by respecting and valuing their unique characteristics and contributions, resulting in a rich variety of people from different backgrounds.

Equity - Making sure that everyone has an equal chance to make the most of their lives and talents.

Inclusion - Involving and welcoming everyone in a way that encourages and enables them to be themselves.

Our DEI strategy is organised across four pillars; People and Culture, Infrastructure, Communities and Partners that help us to attract and develop the best talent, provide relevant, accessible and impactful programmes for those in our local communities, particularly those who are most marginalised, and collaborate with partners to maximise our reach and share our learning.

Environmental! Sustainability

This year has been an important step forward in our journey to understand, reduce, and inspire change around sustainability. We know that our organisation has both a footprint and a voice, and we're determined to use both responsibly.

Our focus has been on deepening our understanding of the social and environmental impacts of our programmes and on exploring how the power of our brand can help shape more sustainable practices among the participants and communities we reach. Through conversations, collaborations, and social action initiatives, we’ve been building momentum around the idea that meaningful change starts with awareness and grows through collective action.

Our sustainability objectives guide this work, and during this reporting period, we have focused on the following:

  1. Understanding our environmental impact - a review of each programme was conducted, applying the lens of energy consumption, waste, procurement and travel

  2. Innovating for positive change — We continue to challenge ourselves to think differently and to reduce negative impact wherever possible, from the way we deliver our activities to the partnerships we choose.

  3. Inspiring wider action — Our brand carries influence, and we are using it to empower participants to take part in social action that supports people and planet.

Our work in this area is guided by the United Nations Sustainable Development Goals (UN SDGs), and we remain committed to working collaboratively to reduce negative impact and to contribute meaningfully to both local and global sustainability priorities.

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Safequarding

Safeguarding stands as the cornerstone of our operations, guiding our commitment to empowering our staff to make decisions that safeguard themselves and participants. Safeguarding remains a paramount business priority. Our plans include:

During the year an annual audit of the Club was undertaken by Barnardos, which included the Foundation. We received excellent feedback on our approach to safeguarding. An annual action plan was developed and any areas for development identified. Alongside this the annual Premier League Charitable Fund Capability Code of Practice, which includes safeguarding standards, was completed.

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Financial review

Fundraising . The Foundation invested in two Fundraising Managers in 24/25 and transferred someone internally into a Partnerships Executive role to help build relationships and revenue with Club partners and wider corporate networks.

Fundraising activity increased, pre-empted with an awareness match in November 2024 (vs Aston Villa) to warm the match day audience up to the Foundation.

We were the charity partner of the Fresh Art Fair at Alexandra Palace in January and generated fundraising income from raffles and on the spot donations.

In March we ran our first Legends match, between Tottenham Hotspur and AC Milan Glorie. Around 16,500 people watched the match, and several fundraising initiatives took place, mostly through the auction platform A Noble Gift with whom we partnered.

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We also ran our first challenge fundraising event in the form of an abseil down the stadium. This was our first successful event of this nature and there are similar events planned for 25/26 aimed at growing this key audience of ‘challenge fundraisers’.

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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Finally, we launched a monthly prize draw in June 2025 aimed at regular givers, providing them a chance to win fantastic Spurs prizes, such as mascot places, in return for a small monthly commitment.

Alongside a lot of effort in growing fundraising income, a lot of work was done on infrastructure, regulatory set up and general compliance activity.

Looking forward to 25/26 is going to see an increase in initiatives, a focus on supporter retention and growth, and more sophisticated development of the fundraising practices within the Foundation, alongside the development of a new 3-year strategy.

No person or company was engaged by or acted on behalf of the Foundation for its fundraising activities, and no pressure was applied to any person to donate. No complaints were received regarding the Foundation's fundraising efforts.

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Reserves Policy

The Board of Trustees reviewed the Foundation's reserves policy in April 2025.

The policy is that the level of free reserves (i.e. unrestricted and undesignated funds) is intended to potentially cover any shortfall in the medium-term funding plans and cover the Foundation's running costs for at least a twelve-month period if income streams where to cease completely.

The work that the Foundation conducts is relational and collaborative built upon partnerships with other organisations, across all industry sectors. Where it is deemed appropriate activities can be sub-contracted to another organisation. The Foundation's reserves cover Restricted Reserves and Unrestricted Reserves (being General and Designated). These are set out in Notes 19 to 21. ;

Restricted Funds to be carried forward on 30th June 2025 are £0.4m (2024: £0.3m).

The General Reserves to be carried forward on 30th June 2025 are £2.7m (2024: £2.7m).

The Designated Funds to be carried forward on 30th June 2025 are £2.5m (2024: £2.6m).

Designated Funds are made up of tangible fixed assets - mainly improvements at our headquarters Percy House and Enfield Section 106. Percy House is held on a 25-year lease and was significantly developed in 2017/18 with support from the Heritage Lottery Fund to become a central space for the Foundation activities. After 10 years the Enfield Section 106 project has ended, and the funds remain earmarked for future expenditure to deliver sports, physical activities and community and other Foundation programmes in Enfield.

Principal funding sources and expenditure in the year under review have been carefully monitored to ensure that the funding sources and expenditure has supported the key objectives of the Foundation and aligns with the Strategy.

Going Concern Statement

The Board of Trustees continually monitors the Foundation’s exposure to its principal 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 according to the budget. Monitoring also includes the cashflow position.

As part of the annual budget setting and decision-making process the Board of Trustees considers going concern 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 the ambitions set out in its strategy. Prudent assumptions are made in setting the annual budget for the year'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 resources to continue as a going concern for the foreseeable future, being a minimum of twelve months from the signing of these accounts and, as such, the financial statements have been prepared on the going concern basis.

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS‘ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Investment Policy

The Foundation keeps its cash reserves in a low-risk money market deposit account. This is reviewed monthly.

Principal Risks and Uncertainties

Key risks include:

Plans for future periods

Structure, governance and management

Established in 2006, with significant backing and support from the Club, the Foundation uses its relationship with the world of professional football to access, create and deliver opportunities that can, through the engagement and sustained participation of those it serves, change their outlooks, their prospects, and their lives.

All the services that the Foundation provides to its communities are underpinned by football, and in one form or another draws on the opportunities and assets made available to the Foundation through its association with the Club.

The charity, incorporated in 2006, is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

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TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms D Cullen, Executive Director (Resigned 6 October 2025)

M J Collecott, Executive Director

J Balon, Headteacher MT Hinch, Chief Executive

Dr N C Osuji, Chief Executive Officer

The number of Trustees is not less than 3 (three) but (unless otherwise determined by ordinary resolution) and shall be subject to a maximum of 12 (twelve). Trustees serve voluntarily, with no remuneration. Details of trustees' expenses and related party transactions are disclosed in note 10 and 23 of the accounts.

For such time as the Club grants to the Charity rights of use of its brand and intellectual property rights and the Charity uses such rights:

For this reporting period there were five Trustees on the Board. Three independent Trustees and two who were Directors of the Club.

Alongside the role of the Chair, the following roles are held by nominated trustees:

¢ Environmental Sustainability

.

.

At every Annual Trustee Meeting one third of the Trustees are subject to retirement by rotation. The Trustees to retire by rotation are those who have been longest in office since their last appointment or reappointment but if there are persons who became or were last appointed Trustees on the same day as those to retire, they are (unless they otherwise agree amongst themselves) determined by lot.

The Annual Trustee Meeting is the meeting of the Trustees at which the annual accounts of the Charity are adopted, and a year is the period between an Annual Trustee Meeting and the next one.

The Board of Trustees Terms of Reference sets out the procedure for recruiting new trustees which is by recommendation by the Trustees following a review of the composition of the Board at that time, and identification of skills, Knowledge and experience that will benefit the charity. During the reporting period a Board effectiveness review was undertaken by the Chief Executive Officer of Mind in Haringey, with the results expected in late 2025.

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Key Management Personnel The Trustees consider the Foundation's Chief Executive and Senior Management team as comprising the "key management personnel" of the charity in charge of directing and controlling the charity and running the operation of the charity on a day-to-day basis. The Board of Trustees has a scheme of delegation that identifies the decisionmaking to the executive and that which is retained by the Board.

Senior Management Team:

Collaborating with our Stakeholders

In fulfilling its mission, the Foundation drew guidance from its charitable objectives 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 (PL), the Premier League Charitable Fund (PLCF), People's Postcode Lottery (PPL), 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 as schools, care homes, participants, and their respective communities.

Throughout the fiscal year the Foundation maintained close working relationships with local stakeholders. These partnerships were crucial in ensuring that, collectively, the communities with shared interests and to whom the Foundation aims to bring benefits had access to meaningful and accessible services. These services aimed to assist these communities in navigating prevailing socio-economic challenges and, more broadly, to bolster individual and community resilience.

Relationship with the Club

The Foundation delivers community sports and other charitable activities under the brand of the Club but operates independently of the Club. The Articles of Association confer no ability to the Club to exercise control over the Foundation; Trustees nominated by the Club are required to declare conflicts and excuse themselves from 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 benefits from a range of services provided by the Club, which supports its administration and infrastructure. It also benefits from access to opportunities, the cocreation of initiatives, marketing, and promotion, and the "on-the-ground" delivery through making available elite and academy players from the men's and women's teams and in talent progression pathways.

The Club provides the Foundation with a gift of kit and all associated costs, including salary of the Chief Executive are covered by the Club, and their services donated to The Foundation.

The remuneration of the Foundation's Chief Executive is subject to review as part of the performance and appraisal processes of the Club.

There is no automatic entitlement to an annual bonus for the Chief Executive or any employee of the Foundation. Nor is there an automatic entitlement to an annual inflation-related salary uplift, although this has typically occurred.

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Statement of trustees’ responsibilities

The trustees, who are also the directors of Tottenham Hotspur Foundation for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Xeinadin Audit Limited be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees’ report was approved by the Board of Trustees.

. , ConeCotHDocuSigned by: Executive Director Trustee

BL)(- ere26 February 2026 | 12:06 AM PST

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TOTTENHAM HOTSPUR FOUNDATION

Opinion . We have audited the financial statements of Tottenham Hotspur Foundation (the ‘charity’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of lreland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Audifor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concem basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised 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 financial 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 financial statements themselves. 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 fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

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TOTTENHAM HOTSPUR FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF TOTTENHAM HOTSPUR FOUNDATION

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees’ report.

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, 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 trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's 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 operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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 an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material 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..

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF TOTTENHAM HOTSPUR FOUNDATION

We design and implement procedures designed to allow us to:

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's 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 company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

[talaZzelDocuSignedBAY Dawby:

BSE{Hons) FCA DChA (Senior Statutory Auditor) For and on behalf of Xeinadin Audit Limited, Statutory Auditor Chartered Accountants

;

46-48 East Street Epsom Surrey KT17 1HQ United Kingdom . Date: 26 February 2026 | 8:08 AM GMT

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Current financial year Unrestricted Unrestricted Restricted Total Total
funds funds funds
general Designated
fund
2025 2025 2025 2025 2024
as restated
Notes £ £ £ £ £
Income and endowments from:
Donations and legacies 3 473,502 - - 473,502 338,828
Charitable activities -
Central 4 1,690 - 317,325 319,015 402,341
Employment & Skills 4 428,798 36,000 264,330 729,128 329,323
Health & Wellbeing 4 463,929 - 240,000 703,929 639,957
Youth & Community 4 273,098 - 335,626 608,724 421,558
Education 4 50,766 - 250,000 300,766 250,000
Investments 5 110,563 - - 110,563 89,388
Other income 6 150 - - 150 -
Total income 1,802,496 36,000 1,407,281 3,245,777 2,471,395
Expenditure on:
Charitable activities
Employment & Skills 7 554,986 36,306 311,742 903,034 515,712
Health & Wellbeing 7 407,163 - 463,384 870,547 1,002,159
Youth & Community 7 434,335 - 534,826 969,161 595,138
Education 7 277,023 - 251,604 528,627 376,009
Total charitable expenditure 1,673,507 36,306 1,561,556 3,271,369 2,489,018
Total expenditure 1,673,507 36,306 1,561,556 3,271,369 2,489,018
Net income/(expenditure) 128,989 (306) (154,275) (25,592) (17,623)
Transfers between funds (91,896) (148,101) 239,997 - -
Netmovement in funds 9 37,093 (148,407) 85,722 (25,592) (17,623)
Reconciliation offunds:
Fund balances at 1 July 2024 2,688,077 2,614,681 280,955 5,583,713 5,601,336
Fundbalancesat30June2025 2,725,170 2,466,274 366,677 5,558,121 5,583,713

The statement offinancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Priorfinancial year Unrestricted Unrestricted Restricted Total ,
funds funds funds
general Designated
fund
2024 2024 2024 2024
as restated
Notes £ £ .
£		 £
Income and endowments from:
Donations and legacies 3 338,828 - - 338,828
Charitable activities
Central		 4 162,781 - 239,560 -
402,341
Employment & Skills 4 293,323 36,000 - 329,323
Health & Wellbeing 4 409,957 - 230,000 639,957
Youth & Community 4 170,921 - 250,637 421,558
Education 4 - - 250,000 250,000
Investments 5 89,388 - - 89,388
Total income 1,465,198 36,000 970,197 2,471,395
Employment & Skills 7 436,946 78,686 80 515,712
Health & Wellbeing 7 575,966 - 426,193 1,002,159
Youth & Community . 7 252,768 - 342,370 595,138
Education 7 135,897 - 240,112 376,009
Total charitable expenditure 1,401,577 78,686 1,008,755 2,489,018
Total expenditure . 1,401,577 78,686 1,008,755 2,489,018
Net income/(expenditure) 63,621 (42,686) (38,558) (17,623)
Transfers between funds 121,893 (169,439) 47,546 -
Netmovement in funds 9 185,514 (212,125) 8,988 (17,623)
Reconciliation of funds:
Fund balances at 1 July 2023 2,502,563 2,826,806 271,967 5,601,336
Fundbalancesat30June2024 2,688,077 2,614,681 280,955 5,583,713

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

BALANCE SHEET

AS AT 30 JUNE 2025

2025 2024
as restated
Notes £ £ £ £
Fixed assets
Intangible assets 13 27,284 -
Tangible assets 14 2,403,823 2,551,924
2,431,107 2,551,924
Current assets
Debtors 15 343,574 120,661
Cash at bank and in hand 3,308,326 3,288,783
3,651,900 3,409,444
Creditors: amounts falling due within 16
one year (524,886) (377,655)
Net current assets 3,127,014 3,031,789
Total assets less current liabilities 5,558,121 5,583,713
The funds ofthe charity
Restricted income funds 19 366,677 280,955
Unrestricted funds - general 21 2,725,170 2,688,077
Unrestricted funds - Designated fund 20 2,466,274 2,614,681
5,558,121 5,583,713

26 February 2026 | 12:06 AM PST

The financial statements were approved by the trustees On............ sees

(rata by: M J Cotfecott’Executive Director Trustee

Company registration number 05760570 (England and Wales)

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |as|restated| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|(absorbed|by)/generated|from|26| |operations|(48,044)|120,642| |Investing|activities| |Purchase|of|intangible|assets|(27,284)|-| |Purchase|of tangible|fixed|assets|(15,692)|-| |Investment|income|received|110,563|89,388| |Net|cash|generated|from|investing|activities|67,587|89,388| |Net|cash|generated|from|financing|activities|-|-| |Net|increase|in|cash|and|cash|equivalents|19,543|210,030| |Cash|and|cash|equivalents|at|beginning|of year|3,288,783|3,078,753| |Cash|and|cash|equivalents|at|end|of year|3,308,326|3,288,783|

----- End of picture text -----

,

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Charity information

Tottenham Hotspur Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Percy House, 796 High Road, Tottenham, London, N17 ODH.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The Board of Trustees continually monitors the Foundation’s exposure to its principal 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 according to the budget. Monitoring also includes the cashflow position and a sensitivity analysis of future funding sources.

As part of the annual budget setting and decision-making process the Board of Trustees considers Going Concern 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 the ambitions set out in its strategy. Prudent assumptions are made in setting the annual budget for the year's operations and within the context of a three-year perspective of the potential impact on the Foundation's general reserves.

It is 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.

1.3. Charitable funds - Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

All income is included in the Statement of Financial Activities (SOFA') when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy and receipt is probable. The following specific policies apply to categories of income:

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

(Continued)

Donations are recognised in the SOFA when receivable unless the donor specifies that the grant or donation must only be used in particular financial 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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grants related to performance and specific deliverables 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 projects are deferred where there are insufficient costs to allow for drawdown and recognition of income. Investment income is recognised on a receivable basis.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amartisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software

not amortised as not brought into use by the year-end

1.7 Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Short leasehold improvements - straight line over the length of the lease (25 years) Furniture, fittings and equipment - Straight line over 5 years or 10 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Assets costing less than £1,000 are immediately expensed to the statement of financial activities.

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TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

(Continued)

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits , The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount 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 ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

There are no critical accounting judgments or key sources of estimation uncertainty at the reporting date.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 473,502 338,828

fe) 8 & aa om< nolo= @ 8 m. ny & Oo& gS & 3 z 3 8 8 3

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025		 NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025		 NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025		 NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025		 NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025		 NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025		 NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025		 NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025		 NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025		 NOTES TO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025YEAR ENDED 30 JUNE 2025ENDED 30 JUNE 202530 JUNE 2025JUNE 20252025
a
4 Incomefrom charitable activities
Unrestricted Unrestricted Restricted Total Unrestricted Unrestricted Unrestricted Unrestricted Restricted Totai
funds funds funds funds funds funds
general Designated general Designated
fund fund
2025 2025 2025 2025 2024 2024 2024 2024
£ £ £ £ £ £ £ £
:
Central
Income from charitable activities		 1,690 - 317,325 319,015 162,781 - 239,560 402,341
Employment & Skills
Income from charitable activities 428,798 36,000 264,330 729,128 293,323 36,000 - 329,323
Health &Wellbeing
Income from charitable activities 463,929 - 240,000 703,929 409,957 - 230,000 639,957
Youth & Community
Income from charitable activities 273,098 - 335,626 608,724 170,921 - 250,637 421,558
Education
Income from charitable activities 50,766 - 250,000 300,766 - - 250,000 250,000
1,218,281 36,000 1,407,281 2,661,562 1,036,982 36,000 970,197 2,043,179

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

5 Income from investments

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||||| |---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2025|2024| |£|£| |Interest|receivable|110,563|89,388|

----- End of picture text -----

6 Other income

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2025|2024| |£|£| |Other|income|150|-|

----- End of picture text -----

7 Expenditure on charitable activities

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Employment|Health|&|Youth|&|Education|Total| |&|Skills|Wellbeing|Community| |2025|2025|2025|2025|2025| |£|£|£|£|£| |Direct|costs| |Staff costs|335,119|323,062|359,658|196,175|1,214,014| |Other|direct|costs|121,124|116,768|129,995|70,905|438,792| |456,243|439,830|489,653|267,080|1,652,806| |Share|of support|and|governance|costs|(see|note|8)| |Support|440,442|424,597|472,694|257,830|1,595,563| |Governance|6,349|6,120|6,814|3,717|23,000| |446,791|430,717|479,508|261,547|1,618,563| |.|903,034|870,547|969,161|'|528,627|3,271,369| |Analysis|by fund| |Unrestricted|funds|- general|554,986|407,163|434,335|277,023|~=1,673,507| |Unrestricted|funds|-|Designated|fund|36,306|-|-|-|36,306| |Restricted|funds|311,742|463,384|534,826|251,604|1,561,556| |903,034|870,547|969,161|528,627|3,271,369|

----- End of picture text -----

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

.

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

:

7 Expenditure on charitable activities

(Continued)

Previous year: Employment Health & Youth & Education Total
& Skills Wellbeing Community
2024 2024 2024 2024 2024
£ £ £ £ £
Direct costs
Staff costs 210,725 409,490 243,178 153,640 1,017,033
Other direct costs 46,949 91,236 54,181 34,232 226,598
257,674 500,726 297,359 187,872 1,243,631
Share ofsupport and governance costs (see note 8)
Support 253,894 493,380 292,997 185,116 1,225,387
Governance 4,144 8,053 4,782 3,021 20,000
258,038 501,433 297,779 188,137 1,245,387
515,712 1,002,159 595,138 376,009 2,489,018
Analysis by fund
Unrestricted funds -general 436,946 575,966 252,768 135,897 1,401,577
Unrestricted funds - Designated fund 78,686 - - - 78,686
Restricted funds 80 426,193 342,370 240,112 1,008,755
515,712 1,002,159 595,138 376,009 2,489,018
Support costs allocated to activities
2025 2024
£ £
Staff costs 1,086,901 764,597
Depreciation 163,793 169,439
Operating lease charges 5,631 5,622
Other support costs 339,238 285,729
Governance costs 23,000 20,000
1,618,563 1,245,387
Analysed between:
Employment & Skills 446,791 258,038
Health & Wellbeing 430,717 501,433
Youth & Community 479,508 297,779
Education 261,547 188,137
1,618,563 1,245,387

8 Support costs allocated to activities

Docusign Envelope 1D: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

. .

8 Support costs allocated to activities (Continued)
2025 2024
Governance costs comprise: £ £
Auditors’ remuneration 23,000 20,000
23,000 20,000
9 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's auditor:
- forthe audit of the charity's financial statements 18,000 14,000
- for other financial services 5,000 6,000
Depreciation ofowned tangible fixed assets 163,793 169,439
Operatingleasecharges 5,631 5,622

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year or the prior year.

11. Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Central 20 14
Employment and Skills 8 6
Education 6 5
Health & Wellbeing 12 14
Youth & Community 10 8
Total 56 47
Employment costs , 2025 2024
£ £
Wages and salaries 2,035,089 1,589,444
Social security costs 209,137 147,093
Other pension costs 56,689 45,093
2,300,915 1,781,630

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Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

a,

11. Employees (Continued)
The number ofemployees whose annual remuneration was more than £60,000
is as follows:
2025 2024
Number Number
£60,001 - £70,000 1 -
£70,001 - £80,000 - -
1
£80,001 - £90,000 1 -
Remuneration ofkey management personnel
The remuneration ofkey management personnel was as follows:
2025 2024
£ £
Aggregatecompensation 534,724 311,311

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Intangible fixed assets

Intangible fixed assets
Software
£
Cost
At 1 July 2024 -
Additions - separately acquired 27,284
At 30 June 2025 ; 27,284
Amortisation and impairment
At 1 July 2024 and 30 June 2025 -
Carrying amount
At 30 June 2025 27,284
At30June2024 -

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

14 Tangible fixed assets
Short
Furniture,
leasehold __ fittings and
improvements
equipment		 Total
£ £ £
Cost
At 1 July 2024 3,448,463 108,762 3,557,225
Additions - 15,692 15,692
Disposals - (6,196) (6,196)
At 30 June 2025 3,448,463 118,258 3,566,721
Depreciation and impairment
At 1 July 2024 942,089 63,212 1,005,301
Depreciation charged in the year 154,156 9,637 163,793
Eliminated in respect ofdisposals - (6,196) (6,196)
At 30 June 2025 1,096,245 66,653 1,162,898
Carrying amount
At 30 June 2025 2,352,218 51,605 2,403,823
At 30 June 2024 2,506,375 45,549 2,551,924
15 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 81,479 13,252
Other debtors 300 100
Prepayments and accrued income 261,795 107,309
343,574 120,661
16 Creditors: amounts falling due within one year
,
2025 2024
Notes £ £
Other taxation and social security 49,744 33,462
Deferred income 17 321,056 225,809
Trade creditors 19,429 62,046
Other creditors 16,607 11,979
Accruals 118,050 44,359
524,886 377,655

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

17 Deferred income
2025 2024
£ £
Other deferred income 321,056 225,809
Deferred income is included in the financial statements as follows:
2025 2024
£ £
Deferred income is included within:
Current liabilities 321,056 225,809
Movements in the year:
Deferred income at 1 July 2024 225,809 112,407
Released from previous periods (208,703) (85,015)
Resources deferred in the year 303,950 198,417
Deferred income at 30 June 2025 321,056 225,809
18 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Chargetoprofitorlossinrespectofdefinedcontributionschemes 56,689 45,093

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.

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

----- Start of picture text -----
At 1 July 2024 Incoming Resources Transfers At30 June
resources expended 2025
£ £ £ £ £
280,955 1,407,281 (1,561,556) 239,997 366,677
Previous year: At 1 July 2023 Incoming Resources Transfers At 30 June
resources expended 2024
£ £ £ £ £
271,967 970,197 (1,008,755) 47,546 280,955
----- End of picture text -----

,

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

19 Restricted funds

(Continued)

Restricted funds are funds received which are to be used for specific 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 four programme areas Employment & Skills, Health & Well-Being, Youth & Community and Education. Most of the restricted funds will be utilised within the next three to twelve months.

20 Unrestricted funds - Designated fund

These are unrestricted funds which are material to the charity's activities.

At 1 July 2024 Incoming Resources Transfers At 30June
resources expended 2025
£ £ £ £ £
2,614,681 36,000 (36,306) (148,101) 2,466,274
Previous year: At 1 July 2023 Incoming Resources Transfers At 30 June
resources expended 2024
£ £ £ £ £
2,826,806 36,000 (78,686) (169,439) 2,614,681

Within Designated Funds, £62,451 (2024: £62,757) relate to the Section 106 Projects which run for 10 years in conjunction with the local Councils. The trustees designated the Tangible Fixed Assets at £2,403,823 (2024: £2,551,924) in the current year, as the funds are not immediately available. ‘

21 ~+Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024 Incoming Resources Transfers At 30 June
resources expended 2025
£ £ £ £ £
General funds 2,688,077 1,802,496 (1,673,507) (91,896) 2,725,170
Previous year: At 1 July 2023 Incoming Resources Transfers At 30June
resources expended 2024
£ £ £ £ £
Generalfunds 2,502,563 1,465,198 (1,401,577) 121,893 2,688,077

The transfer between restricted, designated, and unrestricted funds relates to the transfer of the spending of unrestricted funds on areas where there is restricted income, to reflect the correct carried forward balance of restricted funds.

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

22 ~=Analiysis of net assets between funds

Unrestricted Unrestricted Restricted Total
funds funds funds
; general Designated
fund
2025 2025 2025 2025
£ £ £ £
At 30 June 2025:
Intangible fixed assets 27,284 - - 27,284
Tangible assets - 2,403,823 - 2,403,823
Current assets/(liabilities) 2,697 886 62,451 366,677 3,127,014
2,725,170 2,466,274 366,677 5,558,121
Unrestricted Unrestricted Restricted Total
funds funds funds
general Designated
fund
2024 2024 2024 2024
£ £ £ £
At 30 June 2024:
Tangible assets - 2,551,924 - 2,551,924
Current assets/(liabilities) 2,688,077 62,757 280,955 3,031,789
2,688,077 2,614,681 280,955 5,583,713

23 Operating lease commitments

Lessee .
At the reporting end date the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows:
2025 2024
£ £
Within one year 5,622 5,622
Between two and five years
:		 22,488 22,488 ©
In over five years 71,681 77,303
, 99,791 105,413

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

TOTTENHAM HOTSPUR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

24 ~=Related party transactions

Mr M J Collecott and Ms D Cullen are trustees of the Foundation and are paid directors of Tottenham Hotspur Limited and Tottennam Hotspur Football & Athletic Co. Limited. No trustee received any remuneration or was reimbursed expenses during the year or the previous year.

An agreement is in place between the Foundation and the Club which provides for a level of general support which is impractical to quantify. During the year, the Tottenham Hotspur Limited group was reimbursed from the Foundation for expenses paid on their behalf of £65,851 (2024: £131,480).

During the year, income from Tottenham Hotspur Football and Athletic Co. Limited of £36,000 (2024: £36,000) was recognised by the Foundation.

The Foundation entered a twenty-five-year lease, dated 2 September 2016, with Stardare Limited, a subsidiary of Tottenham Hotspur Limited, for renting Percy House. The initial rent is £5,622 per annum, including VAT.

The Club absorbed costs relating to the Foundation with regard to the cost of the CEO's Salary along with a gifting of Kit for all Foundation staff.

25 Ultimate controlling party

The trustees are the ultimate controlling party of the Foundation. Tottenham Hotspur Limited, in return for granting the Foundation rights to the use of its brand and intellectual property rights, is entitled to appoint up to four trustees (currently two) with the intention that the number of nominated trustees should not be greater than the independent trustees.

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |26|Cash|(absorbed|by)/generated|from|operations|2025|2024| |£|£| |Deficit|for|the|year|(25,592)|(17,623)| |Adjustments|for:| |Investment|income|recognised|in|statement|of financial|activities|(110,563)|(89,388)| |Depreciation|and|impairment|of tangible|fixed|assets|163,793|169,439| |Movements|in|working|capital:| |(Increase)/decrease|in|debtors|(222,913)|14,892| |Increase/(decrease)|in|creditors|51,984|(70,080)| |Increase|in|deferred|income|95,247|113,402| |Cash|(absorbed|by)/generated|from|operations|(48,044)|120,642| |27|_~=~Analysis|of changes|in|net funds|

----- End of picture text -----

The charity had no material debt during the year.

Docusign Envelope ID: AB709EF4-49E0-480B-8176-FA47ACBD04DA

:

TOTTENHAM HOTSPUR FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

28 =~ Prior period adjustment

Prior year adjustments have been made to correct errors in the previous year's accounts as follows:

£
Donations paid into a Paypal accountwhich had not been accounted for 104,019
Donation ofoperational costs paid on behalf of the Foundation (income) 137,424
Donation ofoperational costs paid on behalf of the Foundation (cost) (137,424)
Grant clawback provision not required 51,974
155,993
Changes to the balance sheet
At 30 June 2024
As previously Adjustment As restated
reported
£ £ £
Current assets
Bank and cash 3,184,764 104,019 3,288,783
Creditors due within one year
. Other creditors (170,358) 51,974 (118,384)
Net assets 5,427,720 155,993 5,583,713
Capital funds
Income funds
Restricted funds 280,955 - 280,955
Unrestricted funds - designated fund 2,614,681 - 2,614,681
Unrestricted funds - general 2,532,084 155,993 2,688,077
Total equity 5,427,720 155,993 5,583,713
Changes to the profit and loss account
Period ended 30 June 2024
As previously Adjustment As restated
reported
£ £ £
Income from:
Donations and legacies 97,385 241,443 338,828
Charitable activities 1,991,205 51,974 2,043,179
’ Expenditure on:
Charitable activities 2,351,594 137,424 2,489,018
Netmovementinfunds (173,616) 155,993 (17,623)

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