##
#
##
##
|ontents|||||
|---|---|---|---|---|
|Chairman's|Review for the year ended 30June 2021|||Page 3|
|Report ofthe Trustees
(incorporating
the Strategic Report) for the year||||Page 4|
|ended 30June 2021|||||
|Reference and Administrative
Details||||Page 22|
|Independent|Auditors'
Report to the Members
of Manchester||United|Page 23|
|Foundation|||||
|Consolidated|Statement of Financial Activities
including|an Income and|||
|Expenditure|Account for the year ended 30June 2021|||Page 27|
|Consolidated|Balance Sheet as at 30June 2021|||Page 28|
|Charitable
Company
Balance Sheet as at 30June 2021||||Page 29|
|Consolidated|Statement ofCash Flows for the year ended 30||June 2021|Page 30|
|Charitable
Company
Statement
of Cash Flows for the year ended 30June||||Page 31|
|2021|||||
|Notes to the|Financial Statements
for the year ended 30June||2021|Page 32|
##
##
##
##
##
##
##
|Unique|participants|12,166|
|---|---|---|
|Total attendances
at sessions/events||121,988|
|Number|ofsessions/events|14,529|
|Total hours ofdelivery||19,221|
|Number|of girls engaged /% oftotal|5,355 / 44%|
|Number|of participants
from ethnic minorities /% oftotal|3,437 / 34%|
|Number|ofdisabled
participants
/% oftotal|1 090/15%|
|Number|of qualifications
achieved|228|
##
##
|~
~||||||
|---|---|---|---|---|---|
|Improved|physical
activity levels||||57.3%|
|Improved|confidence|/ self esteem|||81.1%|
|Improved|happiness|/ life satisfaction|||67.9%|
|Increased|resilience|/ mental
wellbeing|||77.9%|
|Improved|social engagement||||91.3%|
|Improved|educational|behaviour|and attitude|to learning|80.7%|
|Improved|educational|attainment|||82 2|
|Improved|aspirations||||91 8%|
|Improved|knowledge/skills||||83.6%|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|and Expenditure
A|ccount fo|r the|year ended|30June|2021||
|---|---|---|---|---|---|---|
||||Unrestricted
funds|Restricted
funds|Total|Total|
|||Note|2021|2021|2021|2020|
|||||E|||
|Income and endowments|from:||||||
|Donation
and legacies|||1,616,294||1,616,294|1,360,072|
|Charitable
activities|||377,616|1,796,594|2,174,210|1,918,557|
|Other trading activities|||54,092|389,708|443,800|603,213|
|Investments|||3,901||3,901|30,891|
|Total|||2,051,903|2,186,302|4,238,205|3,912,733|
|Expenditure
on:|||||||
|Raising funds|||(257,666)|(322,819)|(580,485)|(672,681)|
|Charitable
activities|||(684,242)|(2,924,234|(3,608,476|(3,630,166)|
|Total|||(941,908)|(3,247,053)|(4,188,961)|(4,302,847)|
|Net income I (expenditure)|before tax|9|1,109,995|(1,060,751)|49,244|(390,114)|
|Taxation||9|108|-|108|(98)|
|Net income I (expenditure)|after tax||1,110,103|(1,060,751)|49,352|(390,212)|
|Transfers
between
funds|||(1,060,751)|1,060,751|||
|Net movement
in funds||18|49,352||49,352|(390,212)|
|Reconciliation
ofFunds|||||||
|Total funds brought
forward|at 1 July||5,357,933||5,357,933|5,748,145|
|Total funds carried forward at 30
June|||5,407,285||5,407,285|5,357,933|
##
|Consolidated
Bala|nce Sheet as at 30June|2021|||
|---|---|---|---|---|
|||Note|At 30June|At 30June|
||||2021|2020|
|||||E|
|CURRENT ASSETS|||||
|Debtors||13|437,466|692,908|
|Cash and cash equivalents|||6,459,501|6,689,453|
|TOTAL CURRENT ASSETS|||6,896,967|7,382,361|
|CREDITORS: AMOUNTS
YEAR|FALLING DUE WITHIN ONE|14/15|(1,489,682)|(2,024,428)|
|NET CURRENT ASSETS|||5,407,285|5,357,933|
|NET ASSETS|||5,407,285|5,357,933|
|THE FUNDS OF THE CHARITY|||||
|Restricted
income funds||18|||
|Unrestricted
funds|||||
|Designated
funds||22|171,406|270,041|
|General unrestricted
funds||18|5,235,879|5,087,892|
|TOTAL CHARITY FUNDS||18|5,407,285|5,357,933|
##
|Charitable
Company
Balance Sheet as at|30June 2|021||
|---|---|---|---|
||Note|At 30June|At30 June|
|||2021|2020|
|||f||
|FIXEDASSETS||||
|Investments|12|||
|CURRENT ASSETS||||
|Debtors|13|628,078|988,958|
|Cash and cash equivalents||6,059,996|6,326,773|
|TOTAL CURRENT ASSETS||6,688,074|7,315,731|
|CREDITORS: AIIOUNTS FALLING DUE WITHIN ONE
YEAR|14/15|(1,281,245)|(1,957,799)|
|NET CURRENT ASSETS||5,406,829|5,357,932|
|NET ASSETS||5,406,830|5,357,933|
|THE FUNDS OF THE CHARITY||||
|Restricted
income funds|18|||
|Unrestricted
funds:||||
|Designated
funds|22|171,406|270,041|
|General unrestricted
funds|18|5„235,424|5,087,892|
|TOTAL CHARITY FUNDS|18|5,406,830|5,357,933|
##
|Consolidated
State
021|ment of|Cas|h|Flows|for th|e year|ended 30Ju|ne|
|---|---|---|---|---|---|---|---|---|
|||||||Note|2021|2020|
|||||||||E|
|Net income/(expenditure)|for the reporting||year (as per||||||
|the consolidated
statement
offinancial activities|||||||49,352|(390,212)|
|including
an Income &Expenditure||Account)|||||||
|Adjustments
for:|||||||||
|Dividends,
interest from investments|||||||(3,901)|(30,891)|
|Decrease
in debtors|||||||255,441|2,250,558|
|Decrease
in creditors|||||||(534,745)|(426,677)|
|Net cash (used in) Igenerated
from||operating||activities|||(233,853)|1,402,779|
||||||||2021
E|2020f|
|Cash flows from operating|activities||||||||
|Net cash (used in) Igenerated
from||operating||activities|||(233,853)|1,402,779|
|Cash flow from investing|activities||||||||
|Dividends
and interest from|investments||||||3,901|30,891|
|Net cash generated
from investing
activities|||||||3,901|30,891|
|Net (decrease) Iincrease|in cash and cash equivalents||||||(229,952)|1,433,670|
|Cash and cash equivalents|at the beginning||ofthe reporting||||6,689,453|5,255,783|
|year|||||||||
|Gash and cash equivalents|at the end ofthe|||reporting|year||6,459,501|6,689,453|
##
|June 2021||||||||
|---|---|---|---|---|---|---|---|
|||||||2021f|2020f|
|Net income I(expenditure)
the statement
offinancial|for the reporting
activities)|||year (as per||48,897|(390,212)|
|Ad]ustrnents
for:||||||||
|Dividends,
interest from investments||||||(3,891)|(28,161)|
|Decrease
in debtors||||||360,880|1,774,205|
|(Decrease)
/ increase
in creditors||||||(676,554)|447,436|
|Net cash (used in) Igenerated
from||operating||activities||(270,668)|1,803,268|
|||||||2021|2020|
|||||||E||
|Cash flows from operating|activities|||||||
|Net cash (used in) Igenerated
from||operating||activities||(270,668)|1,803,268|
|Cash flow from investing|activities|||||||
|Dividends
and interest from|investments|||||3,891|28,161|
|Net cash generated
from|investing|activities||||3,891|28,161|
|Net (decrease) Iincrease|in cash and cash equivalents|||||(266,777)|1,831,429|
|Cash and cash equivalents
year|at the beginning||ofthe reporting|||6,326,773|4,495,344|
|Cash and cash equivalents|at the end of||the|reporting|year|6,059,996|6,326,773|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Year to|Year to|
|---|---|---|---|---|---|---|
||||||30-Jun-21|30-Jun-20|
||||||f|f|
|Sponsorship|||||500,000|490,000|
|Manchester
Shield)|United donations|||(incl. Community|164,447|197,821|
|Other charitable||donations|received||326,424|111,741|
|Gifts in kind|||||625,423|560,510|
||||||1,616,294|1,360,072|
##
##
|.
INCOME AND ENDOWME|NTS
FROM: CHARIT|ABLE ACTIVIT|IES||
|---|---|---|---|---|
||Unrestricted|Restricted|Year to|Year to|
||Funds|Funds|304un-21|30-Jun-20|
|||f|f|f|
|Football||146,213|146,213|117,549|
|Community
Engagement||200,492|200,492|225,507|
|High School Delivery||883,698|883,698|779,762|
|Primary School Delivery||247,127|247,127|225,604|
|Education —Other|147,305|133,641|280,946|236,901|
|Disability Schools Delivery||80,209|80,209|65,128|
|Covid-19 Response||||18,529|
|Other grants and income|230,311|105,214|335,525|249,577|
||377,616|1,796,594|2,174,210|1,918,557|
##
##
||||Year to|Year to|
|---|---|---|---|---|
||||30-Jun-21|30-Jun-20|
|Lotteries||||219,870|
|Treks|||||
|Charity
partner||management|167,989|167,989|
|Home legends||matches||-1|
|Overseas|legends matches||||
|FA Girls|Regional Talent Club||194,000|182,583|
|Other activities|||81,811|32,772|
||||443,800|603,213|
##
|5.INCONIE|A|ND|ENDOWMENTS
FRONI:|INVESTMENT|S|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Year to
30Jun-21||Year to
30-Jun-20||
||||||||E||f|
|Investment
deposits||income received on cash||||3,901||30,891||
|Investment|income||is wholly unrestricted.|||||||
|6.EXPENDITURE|||ON: RAISING FUNDS|||||||
|||||Unrestricted|Restricted|Year to||Year to||
|||||Funds|Funds|30-Jun-21|30-Jun-20|||
|||||f||||||
|Staff costs||||181,828|76,211|258,039||293,808||
|Group overhead|||apportionment|42,877|31,185|74,062||164,776||
|Fundraising||events||198||198||(61,075)||
|Departmental||overheads||25,284|(2,090)|23,194||29,947||
|Girls RTC||||0|145,521|145,521||128,773||
|Gifts in Kind||||7,479|71,992|79,471||116,452||
|||||257,666|322,819|580,485||672,681||
##
|Notes to the
(continued)||financial state|ments
for t|he year en|ded 30Ju|ne 202 i|
|---|---|---|---|---|---|---|
|7.EXPENDITURE||ON: CHARITABLE|ACTIVITIES||||
||||Unrestricted|Restricted|Year to|Year to|
||||Funds|Funds|30-Jun-21|30-Jun-20|
|Football|||100,780|154,819|255,599|270,490|
|Community
Engagement||||285,198|285,198|318,520|
|High School Delivery||||1,544,036|1,544,036|1,301,519|
|Primary School Delivery||||387,217|387,217|341,570|
|Disability Schools||Delivery||140,753|140,753|117,959|
|Education —Other|||189,892|269,08?|458,979|341,607|
|Covid-19 response||activities|248,499||248,499|?42,695|
|Other community|delivery||145,071|143,124|288,195|195,806|
||||684,242|2,924,234|3,608,476|3,630,166|
##
||||Year to|Year to|
|---|---|---|---|---|
||||30Dun-21|30-Jun-20|
|Audit fees|||10,300|10,200|
|Taxation|services||1,375|4,500|
|Trustees|indemnity|insurance|4,480|4,787|
||||16,155|19,487|
##
|tandard
effec
9%).|tive rate ofcorporati|on
tax in the UK for the|year ended 30|June 2021 of|19%(2020:|
|---|---|---|---|---|---|
|||B/f per|Credited|Charged|C/f per|
|||financial|||financial|
|||statements|to Equity|to I8E|statements|
|Current tax:||||||
|Corporation|tax payable|||||
|Current year||98|(19,587)|19,479|(10)|
|||98|(19,587)|19,479|(10)|
##
|2021 (continued)|2021 (continued)||||||
|---|---|---|---|---|---|---|
|9.TAXATION (continued)|||||||
||||||Year to|Year to|
||||||30-Jun-21|30-Jun-20|
|Current tax:|||||||
|UK Corporation
tax on income and expenditure||||for the year|19,587|22,973|
|Less: Gift Aid|||||(19,587)|(22,973)|
|Total current tax|||||||
|Deferred tax:|||||||
|Origination
and reversal of timing differences|||||66|182|
|Adjustment
in respect of||previous|||||
|periods|||||||
|Effect ofchanges|in tax rates||||(174)|(84)|
||||||(108)|98|
|Total tax per income and expenditure|||account||(108)||
||||||Yearto|Yearto|
||||||30-Jun-21|30-Jun-20|
||||||E|F|
|Net (expenditure)/|income before tax||||49,244|(390,114)|
|Less: Charitable|exceptions||||54,194|511,983|
|Taxable income|||||103,438|121,870|
|Tax on profit at standard||UK tax rate of|19%(2020:19%)||19,653|23,155|
|Effects of:|||||||
|Tax rate changes|||||(174)|(84)|
|Effect ofgift aid|||||(19,587)|(22,973)|
|Total tax charge|for the|year|||(108)|98|
|Deferred tax (assets):|||||2021|2020|
||||||E||
|Provision at start|ofyear||||(618)|(716)|
|Adjustment
in respect of||prior years|||||
|Deferred tax charge to income statement|||in the|year|(108)|98|
|Provision at end|ofyear||||(726)|(618)|
##
##
##
##
||||Year to|Year to|
|---|---|---|---|---|
||||304un-21|30-Jun-20|
|Wages and|salaries||2,550,874|2,362,404|
|Social security costs|||232,398|196,210|
|Other pension costs (note 20)|||191,794|170,053|
||||2,975,065|2,728,667|
|Ilonthly average number ofemployees||in the year:|2021|2020|
||||Number|Number|
|Operational|Employees||78|71|
##
##
||||||Year to|Year to|
|---|---|---|---|---|---|---|
||||||304un-21|30-Jun-20|
||||||f|f|
|Salaries|and|other|short-term|benefits|553,029|507,709|
||||||553029|507 709|
|2021|2020|
|---|---|
|Number|Number|
##
##
##
|As|at 30|As at 30|
|---|---|---|
||June|June|
||2021|2020|
|Charity|||
|---|---|---|
|Investment|in|subsidiary|
|summary
ofthe b
Trading)
Limited is|alance sheet and profit and loss account
as follows:|for Manchester
United
Fou|ndation|
|---|---|---|---|
|||As at 30|As at 30|
|||June|June|
|||2021|2020|
|Total assets||433,480|368,469|
|Total liabilities||(433,025)|(368,468)|
|Net assets||455|1|
|||Year to|Year to|
|||30-Jun-21|30-Jun-20|
|||f|F|
|Turnover||484,467|687,168|
|Expenditure||(381,029)|(565,298)|
|Profit on ordinary|activities (before taxation|||
|and Gift Aid donation to the Charity)||103,438|121,870|
##
##
|||Group||Charity||
|---|---|---|---|---|---|
|||As at 30|As at 30|As at 30|As at 30|
|||June|June|June|June|
|||2021|2020|2021|2020|
|||E|F||F|
|Trade debtors||277,649|656,238|247,649|656,238|
|Deferred|tax|726|618|||
|Amount|owed by group undertakings|||224,589|301,839|
|Other debtors||159,091|36,052|155,840|30,881|
|||437,466|692,908|628,078|988,958|
##
|||Group||Charity||
|---|---|---|---|---|---|
|||As at 30|As at 30|As at 30|As at 30|
|||June|June|June|June|
|||2021|2020|2021|2020|
|||||f|F|
|Trade creditors||10,857|2,590|10,577|2,590|
|Corporation|tax|||||
|Other creditors||389,684|216,208|254,828|200,836|
|||400,541|218,798|265,405|203,426|
##
|5.ACCR|U|ALS AND DEFER|RED IN|COM|E|E|||
|---|---|---|---|---|---|---|---|---|
||||||Group||Charity||
||||||Asat30|Asat30|As at 30|As at 30|
||||||June 2021|June 2020|June 2021|June 2020|
||||||F|F|F|F|
|Deferred||Income|||||||
|School I|College delivery||||439,626|355,855|439,626|355,855|
|Community
Engagement
Sponsorship
Inclusion
Programme|||||56,755
97,222|48,829
500,000
180,556|56,755
97,222|48,829
500,000
180,556|
|MUDSA|Programme||||80,000||80,000||
|Rise Programme
Other Deferred Income|||||65,990
133,115|129,629|65,990
100,687|122,612|
||||||872,708|1,214,869|840,280|1,207,852|
|Accruals|||||216,433|590,761|175,560|546,522|
||||||1,089,141|1,805,630|1,015,840|1,754,374|
||||||Group||Charity||
||||||2021|2020|2021|2020|
|||||||F|f|F.|
|Deferred
the year
Amounts||Income at the beginning
of
released from previous years|||1,214,869
(1,145,425)|1,094,896
(1,025,452)|1,207,852
(1,138,408)|1,094,896
(1,025,452)|
|Incoming||resources deferred|in the||803,264|1,145,425|770,836|1,138,408|
|current year|||||||||
|Deferred||Income atthe end|of the||872,708|1,214,869|840,280|1,207,852|
|year|||||||||
##
|||||Group||Charity||
|---|---|---|---|---|---|---|---|
|||||As at 30|As at 30|As at 30|As at 30|
|||||June 2021|June 2020|June 2021|June 2020|
|||||E|F|f.|F|
|Financial|assets||that are debt|||||
|Instruments||measured
at amortised||||||
|cost:||||||||
|Trade debtors||||277,649|656,238|247,649|656,238|
|Other debtors||||159,091|36,052|155,840|30,881|
|Amounts|owed by||group undertakings|||224,589|301,839|
|Cash at|bank|and|in hand|6,459,501|6,689,453|6059,996|6,326,773|
|||||6,896,241|7,381,743|6,688,074|7,315,731|
##
##
##
##
||||Group||Charity||
|---|---|---|---|---|---|---|
||||As at 30|As at 30|As at 30|As at 30|
||||June 2021|June 2020|June 2021|June 2020|
||||E|||F|
|Financial|liabilities measured|at|||||
|amortised|cost||||||
|Trade creditors|||10,857|2,590|'I0,577|2,590|
|Other creditors|||389,684|216,208|254,828|200,836|
|Accruals|||216,433|590,761|175,560|546 522|
||||616,974|809,559|440,965|749,948|
##
##
|8.NET MOVEMENT|IN|FUN|DS||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||income|income|Charity|
|||||funds|funds|Funds|
|||||||E|
|Group and Charity|||||||
|Total funds brought
2020|forward||at 1 July|5,357,933||5,357,933|
|Net incoming/(outgoing)||resources before transfers||1,110,103|(1,060,751)|49,352|
|Gross transfers
between||funds||(1,060,751)|1,060,751||
|Total funds carried|forward||at 30June 2021|5,407,285||5,407,285|
##
##
##
##
##
|Group||||||
|---|---|---|---|---|---|
|Fund balances at|30June 2021 are represented|by:|Unrestrictedf|Restrictedf|Totalf|
|Current Assets|||6,617,169|279,798|6,896,967|
|Creditors: amounts|falling due within one year||505,262|984,420|1,489,682|
||||6,111,907|704,622|5,407,285|
|Charity||||||
|Fund balances at|30June 2021 are represented|by:|Unrestrictedf|Restricted
f|Total
f|
|Current Assets|||6,438,276|249,798|6,688,074|
|Creditors: amounts|falling due within one year||349,467|931,778|1 281 245|
||||6,088,809|681,980|5,406,829|
##
|||Balance at|Incoming|Resources|Transfers|Balance at|
|---|---|---|---|---|---|---|
|||1July||||30June|
|||2020f|resourcesf|expendedf||2021f|
|Covid-19 Response|Fund|270,041||(168,798)||101,243|
|Santa's Red Helper|||297,340|227,178||70,162|
|||270,041|297,340|395,975||171,406|