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2022-06-30-accounts

Contents
Chairman's Review for the year ended 30June 2022 Page 3
Report of the Trustees
(incorporating
the Strategic Report) for the year		 Page 4
ended 30June 2022
Reference and Administrative
Details		 Page 23
Independent Auditors'
Report to the Members ofManchester		 United Page 24
Foundation
Consolidated Statement
of Financial Activities
including		 an Income and
Expenditure Account for the year ended 30June 2022 Page 28
Consolidated Balance Sheet as at 30June 2022 Page 29
Charitable
Company
Balance Sheet as at 30June 2022		 Page 30
Consolidated Statement
ofCash Flows for the year ended 30		 June 2022 Page 31
Charitable
Company
Statement
ofCash Flows for the year ended 30June		 Page 32
2022
Notes to the Financial Statements
for the year ended 30June		 2022 Page 33-48

Unique participants 21,524
Total attendances
at sessions/events		 369,257
Number ofsessions/events 22,549
Total hours ofdelivery 31,529
Number of girls engaged /% of total 9,327 / 43%
Number
total		 of participants
from ethnic minority		 groups /% of 6,716/ 31%
Number ofdisabled
participants
/% oftotal		 1,689 / 13%
Number ofqualifications
achieved		 11,529

~ ~ III
Im roved h sicalactivi
levels		 1,401
Im roved confidence / self-esteem 9,317
Im roved ha
iness		 / life satisfaction 469
Increased resilience / mental wellbein 2,303
Im roved social en a ement 240
Im roved educational behaviour and attitude to learnin 8,029
Im roved educational attainment 710
Im roved knowled
eofem
lo ment		 athwa s 4,910
Im roved as irations 3,696
Im roved knowled
e/skills		 4,804
i
~		 ~ i

Unique participants 5,102
Total attendances
at sessions and events		 100,813
Number ofsessions and events 4,562
Total hours ofdelivery 5,368
Number of girls engaged /% of total 2,445/48%
Number of participants
from ethnic minority		 groups /% oftotal 1,649 / 32%
Number ofdisabled
participants		 / %oftotal 749 / 15%

During this period oftime, Manchester
United		 Foundation Foundation delivered to its partner high schools:
Unique participants 9,429
Total attendances
at sessions and events		 167,283
Number ofsessions and events 11,064
Total hours ofdelivery 14,100
Number ofgirls engaged
/ %oftotal		 4 173/44%
Number of participants
from ethnic minority		 groups /% of total 2,949 / 31%
Number ofdisabled
participants
/%		 oftotal 167/ 5%

Unique participants 610
Total attendances
at sessions and events		 20,423
Number ofsessions and events 1,457
Total hours ofdelivery 4,483
Number of girls engaged /% of total 204 / 33%
Number of participants
from ethnic minority		 groups /% oftotal 129/ 29%
Number ofdisabled
participants		 /% oftotal 45/7%

Unique participants 4,551
Total attendances
at sessions and events		 45,399
Number ofsessions and events 1,751
Total hours of delivery 1,963
Number of girls engaged /% of total 845 / 19%
Number of participants
from ethnic minority		 groups /% oftotal 1,864 / 41%
Number ofdisabled
participants		 / %oftotal 125/4%

Unique participants 1,292
Total attendances
at sessions and events		 22,202
Number ofsessions and events 2,937
Total hours of delivery 4,216
Number of girls engaged /% of total 365 / 28%
Number of participants
from ethnic minority		 groups /% oftotal 274 / 21%
Number ofdisabled
participants		 /% oftotal 670 / 69%

Unique participants 930
Total attendances
at sessions and events		 6,849
Number ofsessions and events 458
Total hours ofdelivery 771
Number of girls engaged /% of total 930/ 100%
Number of participants
from ethnic minority		 groups /% oftotal 82/9%
Number ofdisabled
participants		 /% oftotal 2/6%

Partner
primary
schools		 Integration into communities into communities 85%of partner
primary
schools within
two miles ofa partner
high school
Increase programme audience 40 partner schools
10,250 unique
participants
Demonstrate value and impact 85%NPS rating
—schools
:! Partner
; secondary
schools		 Integration into communities ~
~		 13Super Hub areas
Two Mega Hub areas
Increase programme audience ~
~		 44 partner schools (six special)
9,000 unique
participants
Demonstrate value and impact ~ 85%NPS rating
—schools
:Employability
'.'programmes		 Integration into communities ~ 75% pupils from highest 20%
deprivation
areas
Increase programme audience ~ 750 unique
participants
Demonstrate value and impact ~ 85%NPS rating
' Community
'programmes		 Integration into communities ~ 75% pupils from highest 20%
deprivation
areas
Increase programme audience ~ 1,900 unique Street Reds participants
Demonstrate value and impact ~ 85%NPS rating
Talent
'programmes		 Integration into communities ~ 35%players from highest 20%
deprivation
areas
Increase programme audience ~ 200 talented
players engaged
l
l		 Demonstrate value and impact ~ Seven youth
internationals

Unrestricted
funds		 Restricted
funds		 Total Total
Note 2022 2022 2022 2021
Income and endowments from:
Donation
and		 legacies 1,204,601 1,204,601 1,616,294
Charitable
activities		 178,983 2,314,171 2,493,154 2,174,210
Other trading activities 1,809,488 385,795 2,195,283 443,800
Investments 6,638 6,638 3,901
Total 3,199,710 2,699,966 5,899,676 4,238,205
Expenditure
on:
Raising funds 6 (1,274,467) (298,344) (1,572,811) (580,485)
Charitable
activities		 7 (505,127) (3,439,566) (3,944,693) (3,608,476)
Total (1,779,594) (3,737,910) (5,517,504) (4,188,961)
Net income I(expenditure) before tax 9 1,420,116 (1,037,944) 382,172 49,244
Taxation 9 (187) - (187) 108
Net income I(expenditure) after tax 1,419,929 (1,037,944) 381,985 49,352
Transfers
between
funds		 (1,037,944) 1,037,944
Net movement
in funds		 18 381,985 381,985 49,352
Reconciliation
ofFunds
Total funds brought
forward		 at 1 July 5,407,285 5,407,285 5,357,933
Total funds carried forward at 30
June		 5,789,270 5,789,270 5,407,285

Consolidated
Balance Sheet as at 30June 20		 22
Note At 30June At 30June
2022 2021
f.
CURRENT ASSETS
Debtors 13 2,010,673 437,466
Cash and cash equivalents 6,673,500 6,459,501
TOTAL CURRENT ASSETS 8,684,173 6,896,967
'CREDITORS: AIIOUNTS FALLING DUE WITHIN ONE YEAR 14/15 (2,894,903) (1,489,682)
'NET CURRENT ASSETS 5,789,270 5,407,285
'NET ASSETS 5,789,270 5,407,285
'THE FUNDS OF THE CHARITY
.Restricted
income funds		 18
:Unrestricted
funds:
Designated
funds		 22 139,295 171,406
General
unrestricted
funds		 18 5,649,975 5,235,879
TOTAL CHARITY FUNDS 18 5,789,270 5,407,285

Charitable
Company
Balance Sheet as at 30		 June 20 22
Note At 30June At30 June
2022 2021
FIXEDASSETS
Investments 12
CURRENT ASSETS
Debtors 13 1,959,978 628,078
Cash and cash equivalents 6,187,735 6,059,996
TOTAL CURRENT ASSETS 8,147,713 6,688,074
CREDITORS: AIIOUNTS FALLING DUE WITHIN ONE YEAR 14/15 (2,359,460) (1,281,245)
NET CURRENT ASSETS 5,7&8,253 5,406,829
NET ASSETS 5,788,254 5,406,830
THE FUNDS OF THE CHARITY
Restricted
income funds		 18
Unrestricted
funds:
Designated
funds		 22 139,295 171,406
General
unrestricted
funds		 18 5,648,959 5,235,424
TOTAL CHARITY FUNDS 18 5,788,254 5,406,830

onsolidated
Statement ofCa
022		 sh Flows f or th e year ended 30J une
Note 2022f 2021
E
Net income for the reporting
year (as per		 the.
consolidated
statement offinancial activities		 including an 381,985 49,352
income 8 Expenditure
Account)
Adjustments
for:
Dividends,
interest from investments		 (6,638) (3,901)
(Increase)
/ decrease
in debtors		 (1,573,208) 255,441
increase
/ (decrease)
in creditors		 1,405,222 (534,745)
Net cash generated
from I(used in) operating		 activities 207,361 (233,853)
2022 2021
Cash flows from operating
activities
Net cash generated
from I(used in) operating		 activities 207,361 (233,853)
Cash flow from investing
activities
Dividends
and interest from investments		 6,638 3,901
Net cash generated
from investing
activities		 6,638 3,901
Net increase I(decrease)
in cash and cash equivalents		 213,999 (229,952)
Cash and cash equivalents
at the beginning		 ofthe reporting year 6,459,501 6,689,453
Cash and cash equivalents
at the end of		 the reporting year 6,673,500 6,459,501

Charitable
Company
Statemen
une 2022		 t ofCash Flows fo r the year end ed 30
2022 2021
Net income I(expenditure)
for the reporting
the statement offinancial activities)		 year (as per 381,424 48,897
Adjustments
for:
Dividends,
interest from investments		 (128) (3,891)
(Increase)
/ decrease
in debtors		 (1,331,900) 360,880
Increase
/ (decrease)
in creditors		 1,078,215 (676,554)
Net cash generated
from I(used in) operating		 activities 127,611 (270,668)
2022 2021
Cash flows from operating
activities
Net cash generated
from I(used in) operating		 activities 127,611 (270,668)
Cash flow from investing
activities
Dividends
and interest from investments		 128 3,891
Net cash generated
from investing
activities		 128 3,891
Net increase I(decrease) in cash and cash equivalents 127,739 (266,777)
Cash and cash equivalents
at the beginning		 of the reporting year 6,059,996 6,326,773
Cash and cash equivalents
at the end of		 the reporting year 6,187,735 6,059,996

Year to Year to
30-Jun-22 30-Jun-21
Sponsorship 500,000
Manchester
Shield)		 United donations (including Community 96,729 164,447
Other charitable donations received 214,651 326,424
Gifts in kind 893,221 625,423
1,204,601 1,616,294

.
INCOIIE AND ENDOWME		 NTS
FROM: CHARIT		 ABLE ACTIVIT IES
Unrestricted Restricted Year to Year to
Funds Funds 30-Jun-22 30-Jun-21
f F
Football 114,164 114,164 146,213
Community
Engagement		 226,775 226,775 200,492
High School Delivery 1,125,236 1,125,236 883,698
Primary School Delivery 307,431 307,431 247,127
Education —Other 168,350 68,789 237,139 280,946
Disability Schools Delivery 120,157 120,157 80,209
Other grants and income 10,633 351,619 362,252 335,525
178,983 2,314,171 2,493,154 2,174,210

Notes to the financial statements
f
continued)
.INCOINE AND ENDOWIIENTS
FROIN: OTHER		 or the year ended 30Ju
TRADING ACTIVITIES		 ne 2022
Year to Year to
30-Jun-22 30-Jun-21
Lotteries 301,097
Charity partner management 168,214 167,989
Home Legends matches 1,446,500
Girls' Regional Talent Club 189,820 194,000
Other activities 89,652 81,811
2,195,283 443,800

Year to Year to
30-Jun-22 30-Jun-21
Investment income received on cash deposits 6,638 3,901
Investment income is wholly unrestricted.
6.EXPENDITURE ON: RAISING FUNDS
Unrestricted Restricted Year to Year to
Funds Funds 30-Jun-22 30-Jun-21
E
Staff costs 282,260 57,235 339,495 258,039
:Group overhead
apportionment		 169,943 38,862 208,805 74,062
.Fundraising events 482,424 482,424 198
Departmental overheads 66,107 4,684 70,791 23,194
Girls' Regional Talent Club 162,895 162,895 145,521
Gifts in Kind 273,733 34,668 308,401 79,471
1,274,467 298,344 1,572,811 580,485

.EXPENDITURE ON: CHARITAB LE ACTIVITIES
Unrestricted Restricted Year to Year to
Funds Funds 30-Jun-22 30-Jun-21
f
Football 164,864 128,651 293,515 255,599
Community
Engagement		 425,985 425,985 285,198
High School Delivery 1,769,673 1,769,673 1,544,036
Primary School Delivery 404,787 404,787 387,217
Disability Schools Delivery 208,762 208,762 140,753
Education —Other 214,416 239,113 453,529 458,979
Covid-19 response activities 62,442 62,442 248,499
Other community delivery 63,405 262,595 328,000 288,195
505,127 3,439,566 3,944,693 3,608,476

Year to Year to
30-Jun-22 30-Jun-21
F
Audit fees 10,300 10,300
Taxation services 1,775 1,375
Trustees indemnity insurance 5,376 4,480
17,451 16,155

ffective rate ofcorporation
tax in		 the UK for the year end ed 30June 202
2 of 19%(2021		 :19%).
B/f per C/f per
financial Credited Charged financial
statement
S		 to Equity to l&E statement
S
Current tax:
Corporation tax payable
Current year (108) (181,891) 181,936 (63)
(108) (181,891) 181,936 (63)

Notes to the fina
2022 (continued)		 ncial state men ts
for the y		 ear ended 30 June
9.TAXATION (continued)
Year to Year to
30-Jun-22 30-Jun-21
Current tax:
UK Corporation
tax on income and expenditure		 for the year 181,891 19,587
Less: Gift Aid (181,891) (19,587)
Total current tax
Deferred tax:
Origination
and reversal		 of timing differences
Adjustment
in respect of		 previous
periods
Effect ofchanges
in tax rates		 45 (174)
45 (108)
Total tax per income and expenditure account (108)
Year to Year to
30-Jun-22 30-Jun-21
Net income before tax 382,172 49,244
Add: Charitable
exceptions		 575,149 54,194
Taxable income 957,321 103,438
Tax on profit at standard UK tax rate of19%(2021:19%) 181,891 19,653
Effects of:
Tax rate changes 45 (174)
Effect ofgift aid (181,891) (19,587)
Total tax charge for the year 45 (108)
Deferred tax (assets): 2022 2021
Provision at start ofyear (726) (618)
Adjustment
in respect of		 prior years
'Deferred tax charge to income statement in the year 187 (108)
Provision at end ofyear (539) (726)

Year to Year to
30-Jun-22 30-Jun-21
f
Wages and salaries 3,074,147 2,550,874
Social security costs 270,939 232,398
Other pension costs (note 20) 215,612 191,794
3,560,698 2,975,066
Monthly average number ofemployees Monthly average number ofemployees in the year: 2022 2021
Number Number
Operational Employees 87 78

Year to Year to
30Jun-22 30Jun-21
Salaries and other short-term benefits 517,509 553,029
517,509 553,029
2022 2021
Number Number

As at 30 As at 30
June June
2022 2021
E
Charity
Investment in subsidiary


Trading)
Limited is





as follows:
As at 30 As at 30
June June
2022 2021
Total assets 1,875,538 433,480
Total liabilities (1,874,520) (433,025)
Net assets 1,018 455
Yearto Year to
30-Jun-22 30-Jun-21
Turnover 2,469,540 484,467
Expenditure (1,512,219) (381,029)
Profit on ordinary activities (before taxation
and Gift Aid donation to the Charity) 957,321 103,438

Group Group Charity
As at 30 As at 30 As at 30 As at 30
June June June June
2022 2021 2022 2021
E
Trade debtors 451,164 277,649 440,500 24?,649
Deferred tax 539 726
Amount owed by group undertakings 1,339,078 224,589
Other debtors 1,558,970 159,091 180,400 155,840
2,010,673 437,466 1,959,978 628,078
he trade debtor balance owing by Manchester United Football Club Limited at 30June 2022 was F4
2021:anil). The amounts
owed by group		 undertakings are unsecured, interest free, and repayable o
emand. The Trustees consider the carrying value of trade and other debtors to be the same as t h
ook value due to their short-term
nature.		 Deferred tax relates to plant pool assets.
4.TRAD E AND OTHER CREDITORS
Group Group Charity Charity
As at 30 As at 30 As at 30 As at 30
June 2022 June 2021 June 2022 June 2021
f E
Trade creditors 3,536 10,857 2377 10,5??
Corporation
tax
Other creditors 366,952 389,684 356,654 254,828
370,488 400,541 359,031 265,405

Group Group Charity Charity
As at 30 As at 30 As at 30 As at 30
June 2022 June 2021 June 2022 June 2021
f. F
Deferred Income
School / College delivery 473,821 439,626 473,821 439,626
Community
Engagement		 17,871 56,755 17,871 56,755
Sponsorship 1,000,000 1,000,000
Inclusion Programme 48,611 97,222 48,811 97,222
MUDSA Programme 40,000 80,000 40,000 80,000
Rise Programme 61,700 65,990 61„700 65,990
Other Deferred Income 193,830 133,115 192,868 100,687
1,835,833 872,708 1,834,889 840,280
Accruals 688,782 216,433 165,560 175,560
2,524,415 1,089,141 2,000,429 1,015,840
Group Group Charity Charity
2022 2021 2022 2021
E f. F
Deferred
the year		 Income at the beginning of 872,708 1,214,869 840,280 1,207,852
Amounts released from previous years (784,097) (1,145,425) (751,669) (1,138,408)
Incoming
resources deferred
current year		 in the 1,747,022 803,264 1,746,258 770,836
Deferred
year		 Income at the end ofthe 1,835,633 872,708 1,834,869 840,280
Deferred Income, in both the Group and Charity,
represents		 income received
and receivable
prior to
the year-end
in respect of		 future periods.
16.FINANCIAL INSTRUIIENTS
Group Group Charity Charity
As at 30 As at 30 As at 30 As at 30
June 2022 June 2021 June 2022 June 2021
E
Financial assets that are debt
instruments
measured		 at amortised
cost:
Trade debtors 451,164 277,649 440,500 247,649
Other debtors 1,558,970 159,091 180,400 155,840
Amounts owed by group undertakings 1,339,078 224,589
Cash at bank and in hand 6,673,500 6,459,501 6,187,735 6,059,996
8,683,634 6,896,241 8,147,713 6,688,074

6.FINANC IAL
INSTRUINENTS		 (conti nued)
Group Group Charity Charity
As at 30 As at 30 As at30 As at 30
June 2022 June 2021 June 2022 June 2021
Financial liabilities measured at
amortised cost
Trade creditors 3,536 10,857 2377 10,577
Other creditors 366,952 389,684 356,654 254,828
Accruals 688,782 216,433 165,560 175,560
1,059,270 616,974 524,591 440,965



s members
is limited
8.NET INOVEINENT		 by
IN

guarantee
to not more than E
FUNDS		 1.
Unrestricted Restricted Total
income income Charity
funds funds Funds
E
Group and Charity
Total funds brought forward at 1 July 2021 5,407,285 5,407,285
Net incoming/(outgoing) resources before transfers 1,419,929 (1,037,944) 381,985
Gross transfers
between		 funds (1,037,944) 1,037,944
Total funds carried forward at 30June 2022 5,789,270 5,789,270

Group
Fund balances at 30June 2022 are represented by: Unrestricted Restricted Total
F F f
Current Assets 8,255,373 428,800 8,684,173
Creditors: amounts falling due within one year 1,881,465 1,013,438 2,894,903
6,373,908 584,638 5,789,270
Charity
Fund balances at 30June 2022 are represented by: Unrestrictedf Restricted Total
Current Assets 7,726,913 420,800 8,147,713
Creditors: amounts falling due within one year 1,419,080 940,380 2,359,460
6,307,833 519,580 5,788,253

Balance at Incoming Resources Transfers Balance at
30June
1July 2021 Resources expended 2022
E E
Covid-19 Response Fund 101,243 101,243
Santa's Red Helper 70,162 4,107 (56,107) 18,162
Mini Medics 34,515 (15,620) 18,895
Inclusive Climbing 995 995
Bramhall Jnrs 10x10 10,583 5,292 5,291
171,405 50,200 77,019 5,291 139,295