2024-06-30-accounts

Foundatlon Manchester United Foundation (A Company Limited by Guarantee) Annual Report and Financial Statements Year Ended 30 June 2024 Charity Numbei: 1118310 Company Number: 05845172

Manchester United Foundation (A Company Limited by Guarantee) Contents Chair's Review for the year ended 30 June 2024 Page 3 Report of the Trustees (incorporating the Strategic Report) for the year ended 30 June 2024 Page 4 Reference and Administrative Details Page 23 Independent Auditors. Report to the Members of Manchester Untted Foundation Page 24 Consolidated Staternent of Financial Activities induding an Income and Expenditure Account for the year ended 30 June 2024 Page 28 Consolidated Balance Sheet as at 30 June 2024 Page 29 Charitable Company Balance Sheet as at 30 June 2024 Page 30 Consolidated Statement of Cash Flows for the year ended 30 June 2024 Page 31 Charitable Company Statement of Cash Flows for the year ended 30 June 2024 Page 32 Notes to the Financial Statements for the year ended 30 June 2024 Page 3349

Manchester United Foundation (A Company Limited by Guarantee) Chair's Review for the year ended 30 June 2024 Looking back at another yearfs work at Manchester United Foundation gives me great pride. The importance of the work we do in the communities of Greater Manchester and beyond really cannot be underestj'mated, engaging with young people living in areas with the highest levels of social and economic deprivation. This report gives us the opportunity to ￿llect on this work and highlight, once again, what a pillar of the community Manchester United Foundation has become. This year, the social value of ourwork is estimated to amountto over£50 million, meaning that for every pound we spend, we generated £10.33 of social value. We've also seen an astonishing 65% increase in unique participants attending our projects, taking the total from 25,587 to 42,178. Some of this is down to the launch of our inclusive learning programme, Skills Lab, based in the Old Trafford museum. Not only has this inspired thousands of local participants from our partner schools and colleges but has allowed us to connect with over 12,000 young visitors from across the globe. To me, this demonstrates not only the wide variety of our offering - catering for a large age range with activities to suit all abilities and talents - but also the increase in need for our support, and why the efforts of our dedicated staff must continue. Some of the aforementioned offerings that excite me the most is our extracurricular and further education opportunities that we facilitate in conjunction with our partners. One example of this is our Sport and Youth Leadership degree, delivered at Manchester Metropolitan University, which is now in its second year This ensures that we can now provide participants with a bridge from education to the working world. When you read the stories of Arissa, Lexi and Jack in this report, you will see just why the work we do with young people during their formative years is crucial to ensure that when they reach this point in their lives. they are emotionalty and educationally ready. The Premier League and PFA continue to serve as a vital part of our delivery as essential and long- term funding partners, and we ensure our continuous improvement by complying with their Capability Code of Practice. This governan￿ and management prO￿S covers a comprehensive audit cf our organisation in which this year, the Foundation was graded exemplary. gaining 1 OOYO in all 15 areas of our legal requirements, duties and obligations". Knowing we have achieved such exceptionally high standarés should be a source of great pride to all staff and Board members. And of course, our work VK•uld be much more difficult to cary out We￿ it not for the incredible support we reTrived from our fans. Whether it is raising over half a million pounds through the Season Ticket Holder donation scheme, or bringing coats to donate as part of our winter appeal, United fans are always there to help. I want to take this opportunity to thank everybody who has pledged their support this past year, and hopefully you will understsnd - by reading this review - why it is needed more than ever. Collette Roche Chair of Trustees 13th March 2025 struc￿[8, Affiliated Club, Goveman(* and Th8 Board. People. Strategy and Implementation, Impact, Accountability and Communication, Finance, Safeguarding. Equality, DNersrty and Indusion. Data Protection, Ri8k Management. Heallh and Safety. Incident Reporting and Environmental and Sustainabilty.

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 {incorporating the Strategic Report) The Trustees present their report and audited consolidated financial statements of Manchester United Foundation (the "Charity" or the "Company" or°MUF° or °Foundation°) and its subsidiary, Manchester United Foundation (Trading) Limited (the 'Trading Subsidiary. or"MUFf) (together"the Group.) for the year ended 30 June 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities" Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReportirKJ Standard applicable in the UK and Republic of Ireland (FRS102) (effeclive 1 January 2019). Objects and Public Benefit Objects The objects of the Charlty are: To promote community participation in healthy recreation by providing facilities for the playing of football and other sports capable of improving physical heatth" To provide and assist in providing facilits'es for spor( recreation and other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infimiity or disablement, poverty or social and economic circumstances, or for the public 8t large, in the interests of social welfare and with the object of improving their conditions of life., To advance the education of children and young people and provide opportunities for them to develop their full capabilities and enable them to become responsible members of society so that their conditicn of life May be improved" and The furtheran￿ of such a charitable purpose or charitable purposes in any part of the wodd and if more than one in such proportions and such manner as the Trustees shall from time-to- time think fit. Our misslon, vlslon and valu88 The Charity has adopted the following mission. vision and values to enable it to achieve its charitable objects: Our m15slon Our vislon Outrome We use the FM>werof football and Manchesler United to helpyoung people make Positive choire5 in thelr Ilves. AlubJ￿Where all young people areerfipoweredto thar knprovediommunl Values Unite Nurture Invest Together Excellence Diversity Recognising the power of football across the world. - Growing the potential of every young person. Sustained financial inveslment aligning to our charitable objectives. - Working as a team with our stakeholders. Delivering programmes to the highest standard. - What makes us different, makes us stronger.

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (i ncorporating the Strategic Report) (continued) Our mission. vision and values (continued) What we do Manchester United Foundation was formed as a lasting legacy to the Busby Babes and the club's tim honoured tradition of celebrats'ng and believing in the potentral of youth. The Foundation delivers educational and community outreach programmes to help young people make positive choices in their INes by improving their- Physical and mental health - By contributing to young people's abilty to Itve a healthy lifestyle. Social wellbelng - By giving young people a sense of belonging and social inclusion. Employability - By improving educational and employment outcomes. Publlc Benefft The Trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Activitles achlevements and rfomianee For many young people, the world that they know can be a daunting. unwelcoming and unequal place. This is especially true if you INe in poverty or lack supporL Manchester United Foundation therefore uses football to engage and inspire young people to build a better life for themselves and unite the communities in which they live. Throughout 2023124, dedicated staff deliVe￿d educational and community outreach programmes to help young people make positive choices in their lives. The Charity has created and developed a number of strategic partnerships locally, regionally and nationally in the areas of health. education and social justi￿. The strategies adopted by the Charity, together with the activities and achtevements within each area of delivery, are out]ined below. Every single child and young person who participates in a Foundation programme does so free of charge. Aimed at >21-year-olds, its delivery programmes are ￿ntred around enhancing.. Physical health Mental wellbeing Belonging Employability Throughout 2023124. over 42.000 Part￿1pants were uniquely engaged by Manchester United Foundation. Key participant data (sourced from participant database): Unique participants otal attendances at sessionslevents Number of sessionslevents otal hours of delivery Number of girls engaged l OA of total Number of participants from ethnic minority groups l 0/0 of otal Number of disabled participants l % of total Number of qualifications achieved 42,178 519,570 33,213 39,330 11,184140/0 10,641122¥0 1,892 1140/0 1,799

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) {continued) Actlvltles achlevements and rfomiance contlnued Soclal Retum on Investment To calculate the health and social value cost savings associated with Manchester United Foundation's work, data evaluation crganisation Substance has used a mcdified version of the social return on investment (SROI) model it developed for the UEFA Grow team. The model involves identfying the prcportion of participants who are at risk of suffering from conditions, such as poor mental health, modelling, and where possible, measuring the amount of protection that specific projects provide against such condikn'ons. 14Vhile some of the figures presented here are modelled estimations of the value of the Foundation's work, rather than defined measures: Substance is confident that the figU￿S are likely to underestimats the true value of the work because of the approach to discounting built into the core model. In the survey results, participants reported the following improvements against the key outcomes that Manchester United Foundation wotks to improve: OUTCOME Social Impacl £ooo' 4,121 2,854 1,267 25,215 10.525 797 1. Healthy 1.1 Improved physical activity levels 1.2 Improved physical literacy . Happy .1 Improved confidence I self- esteem .2 Improved happiness I lrfe satisfaction .3 Increased resilience I mental wellbeing .4 Increased mots"vation and aspirations . Connected 2,399 11,494 7,951 7,951 13,105 5,678 .2 Improved social engagement and sense of belonging . Skilled .1 Improved Fmjsib've engagement with education, employment nd training .3 Improved knowledge I skills .4 Progression into new education, training or employment pathways GRAND TOTAL 3,108 4,319 50,392 'Impact calculated U￿n9 2023124 ocademic yeaTfigures Education ro rammes Manchester United Foundation uses the inspiration of football and Manchester United to deliver bespcke programmes to support the learning. life skills and wellbeing of young people in educational settings: Primary schools Secondary schools Post-16 provision

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) {continued) YEAR IN NUMBERS 117 42,178 £50M+ proJects unique part[cIp￿ts soclal return on iTNestment 5.4M 39,330 40Yo social medla f￿lOWerS hour5 ofdeli¥ery female participation 33,213 519,570 1,799 se55i0nsand eventsde11ve￿d total free4)f.charge attendances qval1flcatl¢￿SJ(ertff1Cales achleved £608,317 1,685 £324,969 ralsed by season ticket holders and onllnefax donatSons" s(gned and charttable items distributed raised through matchday lottery rèrorrtttJs0fJL￿É1O24 The social retum on investment above is calcujafed using data from September 2023 to August 2G24

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) Activitles achievoments and rfomiance continued Education ro rammes Partner primary schools Over the course of the year, the Primary Reds department has partnered with 20 primary schools, all of which have a dedicated delivery officer in their school for at least one day a week throughout the sch¢301 year. continued Primary Reds, powered by the Premier League Primary Stars programme, aims to develop and improve the wellbeing and life skills of children aged 5-11. In line wth the National Curriculum, the Foundation addresses physical literacy, healthy lifestyles, and the broader curricu5um. The focus of the sessions is on delivering high-quality PE as well as supporting and upskilling the class teacher. Premier League Primary Stars impact data.. 93 /rJ of students surveyed had improved physical wellbeing 94 /0 of students surveyed participate more in competitive sport and physical literacy 96°A of students sU￿eYed have developed their skills and knowledge 720/0 of individual student assessments recorded an improvement in their physical and healthy literacy related to the scheme of work they focused on Unique participants Total attendances at sessions and events Number of sessions and events Total hours of delivery Number of girls engaged l 0￿ of total Number of participants from ethnic minority groups l Dk of total Number of disabled partiapants l % of total 6,533 141,645 6,466 6,844 2,972 145° 2.594 140% 274 170/0 Partner secondary schools In parthership with 37 high schools and eight special schools, Manchester United Foundation has engaged, inspired and empowered 11-16-year-olds to make a better start in life. This was achieved Delivering engaging and effective educational and personal wellbeing programmes Developing partnerships with external businesses and organisations that provide students with life skills Leveraging the additional benefits of Manchester United Foundation to broaden horizons and provide outstanding opportunities and e¥eriences Within each of the partner h￿Jh schools. the full-time Offi￿rS have delivered a combination ot. Curriculum lessons Leadership programmes Competitions Extra<urricular activits'es Individualised and group mentoring programmes Careers events Qualifications Enrichment Social action Volunteering Access to basic needs such as food 81page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 {incorporating the Strategic Report) (continued) Act'viti achievements and erfomiance continued Education rammes continued Partner secondary schools (continued) The programme works with a variety of partners and programmes to complement its provision. This season has seen the growth of the Premier League Inspires programme, RISE, Eco Reds environmental activity, and youth employment with the Growth Cornpany. Manchester United Foundation delivered: Unique participants Total attendances at sessions and events Number of sessions and events Total hours of delivery Number of girls engaged l % of total Number of participants from ethnic minority groups l Oh of total Number of disabled participants l % of total 11,996 245,861 16,650 19.124 5,441145Yo 4,388 1370 231150 Inclusion ro rarnmes To ensure that all programmes that Manchester United Foundation delivers are equitable, the inclusion team: Provide equal opportunities for targeted cohorts (disabled. girls, ethnically diverse, LGBT+) to engage with Manchester United Foundab'on Embed inclusive praclice into Mancheskr United Foundation and its partners, mainstream work A key focus, during the 2023124 season was to engage more disabled young people (5-25 years) in sport throughout Greater Manchester. To achieve this, we provided opportunities to participate, support and volunteer in sport and physical activity. with the focus being fun and inclusivity. Inclusive Reds is Manchester United Foundation's disability and inclusion programme, which aims for equal sportand physical activity opportunities for disabled people, their family and friends. We are proud to be one of the largest disability providers among Club Community Organisations in the English football pyramid. The number of partner special schools has remained at eight this year. Our partner special schools are located across Greater Manchester and a full-time officer works for the entire year within each school like the partner school model. Ability Counts, supported by MUDSA (Manchester United Disabled Supporters. Association). has continued to grow in numbers and reputation. This weekly PAN-disability football programme is held at the iconic Cliff Training Ground and has seen an expansion in both male and female teams. This season was the third season of the FA Para Talent Hub for young players who have a hearing or visual impairment or have cerebral palsy. The Para Hub offers budding footballet5 the chance to embark upon an international pathway. In partnership with MUDSA, Manchester United Foundation coordinated and delivered the annual MUDSA Cup, an annual PAN-disability football toumarnent for disability teams from across the county. The tournament took pla￿ at the Manchester United training ground and engaged a record number of teams and players.

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) Actlvltles achievements and erfomiance contlnued Incluslon rammes continued The Foundation has delivered the following outputs to disabled participants.. Unique participants Total attendances at sessions and events 1,772 40,817 5,704 6,767 507 129¥0 Number of sessions and events Total hours of delivery Number of girls engaged l % of total Number of participants from ethnic minority groups l 0/0 of total Number of disabled participants l % of total 488 128% 1,235 188° Post-16 rovision Using the medium of Manchester United and hook of the brand, Manchester United Foundation staff support 16-21-year-olds to progress doser to employment. This is achieved by: Engaging young people with a range of bespoke training programmes that enhan￿ their skills and personal attributes Partnering with education providers to deliver inspirational Manchester United Foundation programmes Provide information, positive experiences, and employment opportunities for young people Wthin the higher education setting Manchester United Foundation has continued to evolve its relationship with Ulster University in Northem Ireland. A full-time manager leads on developing a pla￿- based approach where they deliver educational programmes and activities that engage and inspire young people across the Foyle Leaming Community in Derry/Londonderry. Projects include female engagement, Ability Counts. youth ambassadors, work experience and volunteering, Next Move Careers and pathways events. This year has seen the delivery of the first year of the Bsc Sports and Youth Leadership Degree in partnership with Manchester Metropolitan Universty. Manchester Llnited Foundation has maintained its provision in the further education setting and continued ils relationship with Salford City College Group. Located at the Eccles Sixth Form College site Manchester United staff support the BTEC Sport course by providing a high-quality football programme. which complements the education programme and rrL)tivates and rewards the students. Overall, the post-16 teams have engaged with: Unique participants Total attendances at sessions and events Number of sessions and events 695 10,539 1,382 2,844 1021140 218132% 2116¥0 Total hours of delivery Number of gids engaged l % of total Number of participants from ethnic minorlty groups l % of total Number of disabled participants l OA of total 10 | Page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (Incorporating the Strategic Report) (continued) Activfties achievements and rformance contlnued Communi en ement ro rammes Manchester United Foundation believes the most effectNe way to engage communities and ensure our interventions enhance the quality of young people's lives is by reaching out and becoming a trusted partner. It is important that we get to know the young people with whom we work and allow them to feel empowered in their community. We aim to partner wth organisations that are also trusted in the community and whose values align to ours. while being proackn.ve in delivering our commitments over a sustained period. Operating in the areas of highest S¢xial deprivation, Manchester United Foun(Jation focuses on.. Creating an indusive and accessible social football offering Providing targeted activities that support a young person's development Street Reds street Reds, a flagship social football offering powered by the Premier League Kicks pryJgramme, uses the power of Manchester United and football to give young people an opportunity to pursue their interest in playing, leading, coaching and participating in football. Over the last 12 months, the programme has continued to grow with 23 sites operating Monday to Friday. The programme continues to deliver across all ten boroughs of Greater Manchester as well as sessions in DefrylLondondery and Carlisle. Dunng this period, the Foundation has delivered the following on the Street Reds programme.. Unique participants Total attendances at sessions and events Number of sessions and events Total hours of delivery Number of girls engaged l % of total Number of participants from ethnic minority groups l Oh of total Number of disabled participants l °A of total 7,346 59,655 2,958 3,924 1,550121% 2.774 138¥0 22916° Street Reds provides a unique environment to work with the most vulnerable young people who need the most support. This season has seen us continue individual support and mentoring to identified young people in partnership with the Greater Manchester Violence Reduction Unit, Greater Manchester Police. housing associations and school head teachers. Partnerships with Trafford. Rochdale and Bury councils, through which Manchester United Foundation has coordinated and delivered the Holiday Activities and Food programme, offering young people 8 space durin9 the holiday penods to socialise, take part in physical activity and receive a free meal.

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) Activities achievements and rformance continued Talent Pathwa Manchester United Foundation manages the Youth Development. Foundation and Emerging Talent Centre (ETC) phases within the Girls Academy programme with the overall vision of having the most successful talent development programme within girls, football, by revolutionising the way the game is learned and played. The programme links in with the various Foundation programmes, ensuring that girfs have the opportunity to play no matter their ability level, while still ensuring that those who show potential can aC￿sS and progress through the player path4vay. To ensure that girls have the best opportunity to develop not only as a footballer bul as a person the programme provides a variety of support both on and off the pitch. Opportunities such as becoming a referee, attending female health workshops, and being ball assistants and player mascots at women's first team games have also provided been added enrichment opp)rtunitbes. Girls receTrve training in a welcoming, positive, professional and safe environment that maximises each person's potential. The Academy operated five age groups (U10, U11, U12, U13, U14's) and worked with 78 registered players throughout the season. The Erc operated four age groups (U9, U11, U13, U15) and worked with 79 registered players. Key highlights have been: Won three out of the six major England's girls, and women's competitions. Eight youth players attending the FA North-west Regional Talent sessions 10 youth players attended England international camps and four players attended other international camps (Wales, Republic of Ireland and Scotland). The only ETC in the county to pass the ASA PGAAC audrt without breaches. Seven Efc players offered contracts for next season within the Girfs, Academy programme. One ETC player signed for the U16s squad (PGA Phase) and is part of the U21s squad. 10 players from the ETC were offered Academy contracts by other north west clubs. Six Academy graduates in the women's first-team squad Second most youth graduates in the top two tiers of worrEn's football TV￿ Academy graduates in the Lionesses squad Unique participants Average attendances at sessions and events Average hours of attendan Number of parts'cipants from ethnic minonty groups l OA of total 817 15 10 121 Page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (Incorporating the Strategic Report) (continued) Generatin funds Some of our activities for generating funds are carried out through the Trading Subsidiary (Manchester United Foundation rfrading) Limrted). The board of Manchester United Foundation (Trading) Limited as of the date of this report (unless otherwise stated) is: Virginia Buckley Miohael Edelson David Maples (resigned 18th December 2024) Nicholas Booth MVO Philip Lynch (resigned 22E¥i May 2024) Kevin Cahill Tanja Hettel (resigned 6th August 2024) Tarun Kapur (appointed 19#5 June 2024) Monica Shafaq (appointed 18th December 2024) Thomas Demendonca (appointed 18th De￿rnber 2024) Richard McGagh (appointed 18th December 2024) lan Nolan (appointed 18th December 2024) Anna Thwaites {appointed 181h December 2024) The board meetings are held quarterly. Fundraising We continue to be grateful to all those that share our vision and mission by supporting our fundraising campaigns and objectives. Matchday lottery Operating under gambling legislation and reporting to the Gambling Commission, the Charity operates, through its trading am, a matchday executive lottery for the men's first-team games at Old Trafford to generate income to support its Gharitable objects. Manchester United's men's team played 25 (2023: 33) home matches during the 2023124 season. For each of these games, we run a matchday executive lottery, raising £324,696 (2023.. £397.309) throughout the season. including donations. We generated an average income of approximately £13k per game throughout the season, a slight increase trom the previous season, when an additional eight home matches were played. Generally, we have seen an increase in monies raised when a third prize is on offer, which is usually a signed ttem from the opposing team. Challenge events We held our annual Old Trafford sleep out in November, with the final income induding Gift of more than £47k. Following costs, all monies raised were split equally between Manchester United Foundation and Centrepoint. We were supported by several club Eartners, including Chivas who provided breakfast, Melitta who provided us with hot drinks, and Cadburys who provided chocolate. Meanwhile, staff presentatives from fellow partners, DXC Technology and SportsBreaks. also took part in the event and suppcrted with raising funds. other fundwalslng events Our annual charity golf day included 18 teams. comprising fomier Manchester United players. generats.ng £36,2g6 in revenue, including pn)ceeds from an auction that we facilitated on the evening. We were SLJPPOrted by Legends on the day. incSuding Andrew Cole, Ryan Giggs and Paul Scholes, along with men's first-team players Jonny Evans and Tom Heaton. Club partners supported the event. with adidas donating caps, VVOW Hydrate supplying water. and Cadburys providing chocolate. 131 Page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) Generatin Funds continued Other fundraising events (continued) We were involved in SÉX Supporters. Club events over the season, facilitating a raff e and auction at each event, raising £28,201 over the course of the season. We came into contact with fans from across the globe at these events, with 85 different Supporters, Clubs from 28 countries represented. We will continue to support these events in the future. Community campaigns The Foundation held a matchday coat appeal. requesting that fans donated clean, unused coats, in child and adult sizes. More than 2,000 were received from fans, players and staff, which were in tum distributed to young people from Foundation projects. plus other charities, including some local to Manchester and one identified charity in Ukraine. Match-wom shlrts We generated £74,229 {2023: £251,592) in revenue from Matchwornshirt auctions during the season by holding five online auctions. The highest eaming game was against Brighton & Hove Albion in May 2024. Monies raised via Matchwornshirt auctions were Signrftcant￿ down from the previous season, which was in part due to Cristiano Ronaldo's shirt generating a substantial portion of the revenue from that season's auctions. Moreover, this season, we received fewer shirts per auction - having received all 18 shirts from a matchday squad for the auctions in 2022123, compared to only receiving the 11 starting players, shirts for auctions during the more recent campaign. Next season, we will also benefit from an additional aucts.on of shirts from the Manchesler United Legends game, in addition to the shirts we receive from the club for men's and women's first team matches throughout the campaign. Legacy giving During Remember a Charity Week in September 2023, we supported the Remember a Charity organisation and cornmunicated to fans to consider leaving a gift to Manchester United Foundation in their will. As part of our marketing campaign, we obtained the support from legends and fans, and communicated the story of one Manchester United fan, Ruth. who left a gift of more than £1,000 in her will to support the Foundation. Other notabl8 donations We continue to receive ad hoc in-memory donations offline and online. Goldman Sachs Gives donated £30k following a recornmer]dation. Supporters and stsff also took part in other events, raising monies through our JustGiving platform. 141 Page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) Generatin funds Club partners: We are grateful to the following partners of Manchester United Football Club that supported the Charity and Trading Subsidiary over the 2023124 season through the donation of funds, goods, tickets or auction prizes- DXC Technology became the Foundation's Presenting Partner at the start of the 2022123 season and continued this support throughout the 2023124 season. In addition to an annual investment, they have invested time, resource and expertise into the continuous development and delivery of a four-year technology and skills programme to support 50 students through the 'Digrtal Futures Academy,. In addition, they continue to support on wider inrtiatives across the Foundation, with guest speakers, matchday hospitslity and tickets, and utilisation of their club rights to the Foundation. They have also supported Foundation fundraising events such as the annual sleep out. adidas has continued to donate products and match lickets to the Foundation, which are distributed by coaches and staff at projects. They have also continued to support on Foundation-led projects by providing staff time and expertise and donating a number of their club rights, including an end-of-season pitch day, which allowed 160 young people the opportunity to play on the pitch at Old Trafford. Additional opportunities included the chance for participants to watch the men's first team train. This support has been vital for us to engage and inspire Ihe children and young people with whom we work. Snapdragon has continued to support the Foundation with the donation of hospitality tickets during the season for men's first team matches, which has been used to help build and maintain relationships with key stakeholders. All the support that we have recerved has allowed us to fund Current and future projects and provide once-in-a-lffetime eXperIen￿S for our young people. continued Charity servlces Recognition of charitable causes has a￿ayS been key in Manchester United's ethos of being a community-minded club. The Cornpany has entered into a setvice level agreement with Manchester United Football Club Limited (°MUFC" or "Club.), whereby in retum for payment of fees of £182,365 (2023: £173,681) by MUFC tothe Cotnpany, the Company has agreed to manage MUFC'S relationships with third-party charities, seeking support from Manchestsr United Football Club Limitsd. It also manages the partnerships with Kick It Out. the delivery of hospital visits, charity t￿kets, Dream Days and the management of Club mascot Fred the Red. During the 2023124 season, we held two Dream Days. The first took pla￿ in October 2023 and the second in April 2024. Fans with serious and life-limiting illnesses had the opportunity to meet the men's first-team squad, re￿Iving autographs, tsking photos and watching them training We also fulfilled additional requests from supporters facing illness by providing further signed merchandise. At Christmas t'me, we delivered gifts to patients in Royal Manchester Children's Hospital, The Christie and Francis House Children's HOsp￿e ahead of the festive season. Members of the women's team paid a visit to Royal Manchester Children's Hospital, honouring the club's annual tradition. We have provided seven mascot pla￿S for men's team home games at Old Trafford. Throughout the season, we distributed 686 charity tickets to fans with life-limiting illnesses. as well as other supporters who have gone through difficu￿ times. We have also received hospitality opportunities donated by executive club ticket holders. which have been utilised in the same way. We continue to manage and facilitate all charty enquiries on behalf of the Club. In response to requests for signed items from indrviduals raising funds for Manchester United Foundation and other charities, we donated 1.487 signed items throughout the season, raising over £270k for 1.470 charities. 151 Page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) Generatin Funds continued Our fundraising approach We understand how important it is to maintain the trust and support of our donors. The Foundation voluntarily registers with the Fundraising Regulator. which holds the Code of Fundraising Practice for the UK We ensure that we comply with the stsndards and principles as set out in the Code across all of our activities. We do not engage with any third-party fundraisers. We regularly ￿VIeW our fundraising activity in order to ensu￿ that we are adhering to best fundraising practi￿$. During 2023124 we r￿1Ved no complaints relating to our fundraising. Financial review The overall position for Manchester United Foundation for the year is a surplus of £663,215 (2023.. £1,332,487) which leaves reserves of £7.784,972 (2023: £7,121,757) This indudes a profit before tax from its trading subsidiary of £268,080 (2023.. £495.610). Profits from its trading subsidiary are wholly gift aided to the Charity. The Trustees are grateful to Manchester United Fcotball Club Limited for gifts in kind for the services provided in relation to human resour￿5, information technology, payroll and maintenance, together with the provision of kit and equipment, office facilits'es and a discretionary staff bonus. This equates to an estimated monetary value of £713,547 (2023". £665,639). The increase in value in kind has been driven by an increase in the estimated cost of IT support serVI￿S provided by the Club. As the Charity has grown, we have identified new grant funds along with new sources of income from fundraising initiatives. such as Legends matches held atold Trafford. We are also building relationships with Club partners to further increase our funding and have secured a principal partner for a four-year period until May 2026. Manchester United Foundation is well pla￿d to benefit from future grants for community delivery and ftjndraising opportunities. As part of the review of the Charity's performan￿, the Trustees reviewed the level of charitable spend compared with charitsble and net trading income. Net trading income is defined as the net income generated by the Charity and is the net of trading income generated, less the costs associated with that income, which are mostty related to fundraising activities. Both trading income and trading costs are disclosed in the notes to the financial statements. Charitable income represents 811 other income of the Charity and charitable spend represents the funds used by the Charity for charitable purposes. Both charitable income and charitabl8 spend are disclosed in the notes to the financial statements. For the year ended 30 June 2024, 88p in the pound of charitable and net trading income was spent on charitable activities (2023: 77p in the pound). The Trustees remain satisfsed with the ratio of charitable spend to charitable and net trading income but will continue to monitor this In future years as part of assessing the performance 8nd contribution of the Charity. 161 Page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) Flnanclal revlew contlnued Investment powers and poll¢y Under the Memorandum and Artides of Association, the Gharity has the power to invest funds at the direclicn of the Trustees. The investment powers may be delegated to a professional investment manager. The Trustees intend to maintain the real value of the Charity's funds. They do nol invest in products with significant volatility and risk and have agreed a policy of maxirnising returns on cash deposits is the most sensible method. This gives a fixed return with minimal risk to capital. Reserve8 policy The Trustees have established the level of resenies (that is those funds that are freely available} that the Charity ought to have. The Trustees deem it to be prudent lo hold a reserve in order that the Charity can continue its objects should there be a short-term reducts'on in funding. The Trustees have sought to establish new fvnding streams for the coming financial year to ensure that seNes remain intact. As the Charity's activities grow, and operational costs increase. the Trustees will make the appropriate decisions to alter the reserves year-on-year. The Trustees make the comrnrtment that at any time the reserves will aim to be be￿een approximately six and 12 months of anticipated operating costs. Our reseNes remain in a strong posits'on and represent 11 nY)nths of anticipated operating costs, which is within our target of between six and 12 months. Although our reserves look high. we do this to satisfy the contractual commitments within our charitable delivery. At the end of 2023￿4, our average outstanding contract was over 10 months {2023: 13 months), and our reserves and ongoing partnership funding allows us to meet the commrtments on these agreements. 171 Page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 {incorporating the Stratsgic Report) (continued) Plans for th8 future The Foundation will expand existing programmes and develop new initiatives with a key focus on: 1. Deepen integration and impact into the local communities we serve. 2. Extend our reach to engage more young people. 3. Provide more inspirational engagements. building social cultural capitsl. 4. Support those where society provides less opportunity (socially deprived, disabled, girls and ethnically diverse}. 5. Strengthen the Workfor￿ to facilitate the strategic ambttions set. Specific targets within the thre&year action plan are: artner prfmary hools 'IOOOk of partner schools within two miles of a partner high school .50 partner schools .9,000 unique participants "70°/o NPS Rating - schools .11 Treble Communities ntsgration into communities ncrease programme audience Demonslrate value and impact ntegration Into communities artner Ocondary chools ncrease programme audlence .51 partner schools {10 special) .11,000 unique participants '70•/0 NPS Rating - schools '75•/0 pupils from highest 20% deprivation areas Demonslrdte value and impact ntegration into communities ncrease programme audience emonstrate value and impact ntsgration into communities ncrease programm8 audi8nce emonstrate value and impact Post-16 "600 unique pa￿1pants .70 /0 NPS Rating .5 Community Facilities Managed .7,000 unique SR participants '70Yo NPS Rating .350/0 players from highest 200/0 deprivation areas mmunity rogrammo8 alent rogrammes Integrntion into communities Increase programme audlen¢e Demonstrate value and Impact .130 talented players engaged .7 youth intemationals 181 Page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating tha Strategic Report) (continued) Plans for the future (continued) Chari To continue to distribute items signed by the Manchester United men and women's first teams, in response to requests from individuals fundraising for the Foundation and third-paty charities. To continue to support children with life-limiting or life-threatening illnesses, and their families, through the organisation of dream days. hospFtal visits. mascot experiences, match ts'cket donations and ad hoc events. To continue to manage the relationship with Manchester United Football Club Limited partner charity organisations. Fundralsln To grow and diversify transacbonal fundraising income streams to include support from Club initiatives, including Player of the Year award ceremonies. season ticket holder donations and more. To investigate opportunitEs to engage with the Club's global fan base dNJitally. with events such as match-worn shirt auctions and other virtual events. To develop current and new revenue streams through the Trading Subsidiary, particularly through the matchday executive lottery. digital activrties, overseas challenges and a Legends match at Old Trafford. To manage existing and grow further partnership opportunities with Manchester United Football Club Limited partners. To raise awareness of the Foundation and its fundraising needs by improving fundraising communications and working closely wilh Manchester United Football Club to promote activities. To engage further with supporters of Manchester United. by delivering fundraising activib'es such as our stadium sleep out. supporters, club events, overseas legends matches and more. To continue using the Just-Giving platform to support our fundraising activities. Fundraising events planned for the 2023124 season included our biennial Legends game. which took place in September 2024 against Celttc. and our overseas trek to Mount Kilimanjaro in October 2024. We also held our third annual sleep oirt for November 2024. Structure, Governance and Managèment Introduction Manchester United Foundation was incorporated on 13 June 2006 and obtained charitable status on 9 March 2007. The following report covers the year ended 30 June 2024 for the Foundation operating with charitable status. Govemlng Document Manchester United Foundation is a company limited by guarantee governed by its Memorandum and Articles of Association revised on 19 Juty 2023. The Charity is registered wth the Charity Commission. Appointment of Trustees Trustees are elected by the members. Membership of the Charity is open to Trustees of the Chanty and each trustee will automatically become a member on their appointment to the Charity. As set out in the Articles of Association. the Chair of the Trustees is nominated by the Trustees. A majority of the Trustees in office from time to time must be Independent Trustees (independent being defined as not a director or employee of Manchester United Football Club Limited or any of its fellow group companies). Trustees are appointed for a period of th￿e years and the￿after one third of the Trustees retire in rotation. the first to retire being those who have been in Offi￿ the longest. 191 Page

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) structure, Governan¢e and Management (continued) Appointment of Trustees (contlnued) The Trustees may at any time ctropl any person duly qualified to be appointed as a trustee to fill a vacancy in their number or as an a(Sditional trustee. however a Cl￿pted trustee only holds Offi￿ until the next annual general meeb'ng, when the appointment is confimied by the members. Trustee Inductlon and Tralning Trustees undergo training, led by our in-house legal counsel, to ensure up to date knowledge on their legal duties and obligations under charity law, including the key areas of conflict of interest and independen￿. All trustees attended this training which was carried out during the period June to September 2024. Organisation A Chief Executive is appointed by the Trustees to manage the day-to4lay operations of the Charity. To facilitate effective operations, the Chief Executive has delegated authority, within the tems of the delegation approved by the Trustees, for operational matters including programme management and delivery, finance and human resources. None of the Trustees r￿1ve any remuneration. As permitted by the Arbcles of Ass(￿latiOn. the Directors have the benefit of an indemnity which is a qualifying Ihird-party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in for￿. Trustee indemnity insurance covers the Trustees against personal liability for corporate or management claims that may be made against them. The Charity manages the Club's Disability Services provision and, through its Trading Subsidiary, continues to manage the Club's charitable partnerships, signed merchandise requests and the Girls, Regional Talent Glub and Emerging Talent Centre, generating a total income of £417,473 (2023., £342,873). Rlsk Management The Trustees are aware of factors both within and outside the Charity's control that are relevant to the achievement of its objectives, including relakn"onships with eMploy￿s, key partners and funders, and have a risk management strategy in place, which comprises: An annual revtew of the risks the Charity may fa￿. A quarterly review of the risks at each trustee meeting. The establishment of systems and procedures to mitigate those risks identified. The implementation of procedures designed to minimise any potential impact on the Charity should those risks materialise. The Foundation relies heavily on income sOUr￿d from its largest single fundraising event and its partner sponsor. There is a risk that this event might not happen or deliver as much profit as expected and that we will be unable to conb'nue to secure a principal partner sponsor. In consideration of the risk, directors conb.nue to promote this event with other large clubs across the world to ensure the event remains successful for both ft)otballing parties and will look to seek new income streams to ensure they are not solely reliant on these SoU￿S of income. The Foundation relies on income streams affected by the economic climate and government spending policies. Fluctuations in these spending pattems may adversely affect the level of funding available to the Foundation. In consideration of this risk the Trustees continue to seek alternative funding sou[￿S to minimise the impact from this risk and ensure reseTh*es remain intacL 20IPage

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) Structure, Governance and Management (continued) Risk Management (continuedl An ongoing cost review at Manchester United Football Club may create risk for the Foundation due to potential reductions to 'value in kind, support, services provided commercially to the Club and ongoing relationshipslfunding from existing Club partners. In consideration of this risk, the Trustees will seek altemativeladditional fundraising iniliatives and pursue new alliances with Clublexternal partners. We will also evaluats areas where costs could be reduced without impacting our contractual delivery. The Foundation continualty monitors its safeguarding practices to ensure they remain of utmost importance across all delivery areas. The Foundation ensuresthat all staff are suitably qualified and trained in this area and regularty review the policy and procedures to ensure all risk areas are covered. Golng concern On the basis of their assessment of the group's financial posrtion and resources, the Trustees believe that the group is well placed to manage its business risks. Therefore, the Trustees have a reasonable expectation that the group has adequate resources to conb'nue in operational existen￿ for a period of at least 12 months from the date of approving these financial statements. Thus, they continue to adopt the going concem basis of accounting in preparing the annual financial statements. statement of Trustees. responsibilities The Trustees (who are also directors of Manchester United Foundation for the purposes of company law) are responsible for preparing the Trustees. annual report afid the financial statements, in accordance with applicable law and regulation. Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have prepared the financial statements in accordance with Untted Kingdom Accounting Standards, comprising FRS 102°The Financial Reporting Standard applicable in the UK and Republic of Ireland., and applicable law (United Kingdom Generally Accepted Accounting Practice). Under company law, the Trustees must not approve the financial statements unless they are satisfi'ed that they give a true and fair view of the state of the affairs of the charitable company and the group. and of the incoming resources and application of resources, Tncluding the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to: Select suitsble accounting policies and Ihen apply them consistentty. ObseNe the methods and principles in the Statement of Recommended practi￿.. Accounting and Reporting by Charities {2019). Make judgements and estimates that are reasonable and prudent. Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the fi'nancial position of the chantsble company and the group 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 charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the Maintenan￿ and integrity of the chantable company's website. Legislation in the Unrted Kingdom goveming the preparatK)n and dissemination of financial statements may differ from legislation in other jurisdictions.

Manchester United Foundation (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 (incorporating the Strategic Report) (continued) Statement of d￿CloSUre of information to auditors In accordance with Section 418, Report of the Trustees (incorporating the Strategic Report) shall include a statement, in the case of each trustee in office at the date the Report of ttte Trustees is approved, that.. So far as the Trustees are aware. there is no relevant audit infomiation of which the company's auditors are unaware, and., They have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the Charity's auditors are aware of that information. Independent Audltors A resolution has been proposed at the annual general meeting that Beever & Struthers be reappointed as auditors to the Charity for the fi'nancial year ended 30 June 2025. On behalf of the Trustees Collette Roche Trustee 13th March 2025 Manchester United Foundation (A Company Limited by Guarantee) Charity Number.. 1118310 Company Number.. 05845172 22 | Page

Manchester United Foundation (A Company Limited by Guarantee) Reference and administrative details Organisational Details Registered Chartty Number: 1118310 Registered Company Number: 05845172 R8gister8d Office: 26 Sir Matt Busby Way. Old Trafford, Manchester, Lancashire M16 ORA Independent Audttors: Beever & Struthers. Chartered Accountants and Business Advisors, One Express. 1 George Leigh Stree( Ancoats, Manchester M4 5DL Bankers: Natwest, Manchester Cty Centre Branch. 19 Market Street, Manchester M1 1 VIR Sollcltors: Brabners LLP, Horton House, Exchange Flags, Liverpool L2 3YL Dlrectors and Trustees: The directors of the charitable company {"the Charity. or °The Foundation.) for the purpose of charity law are its Trustees and throughout this report are collectively referred to as the Trustees. The directors of the Company who were in Offi￿ during the year and up to the date of signing the financial statements were.. Chair of Trustees: Collette Roche is the Chair of Trustees of the Foundation following her appointment on 21 June 2023. Trustees: John Arnold (resigned 4 March 2025) Tom Bloxham MBE (resigned 24 February 2024) Virginia Buckley Michael Edelson (resigned 4 March 2025) Eamonn Holmes OBE Tarun Kapur CBE David Maples Lottie Birdsall Strong Christopher Saad Monica Shafaq (Independent) (Independent) (Independent) (Independent) {Independent) (Independent) (Independent) (Independent) (Independent) Chief Executive: John Shiels MBE is Chief Executive Officer of the Foundation. 231 Page

Manchester United Foundation (A Company Limited by Guarantee) Independent auditors, report to the members of Manchester United Foundation Report on the audit of the financial statements Opinion We have aud￿ed the financial statements of Manchester United Foundation {°the charitable company") and its subsidiary {°the group") for the year ended 30 June 2024 which comprise the Consolidatsd Statement of Financial Activtties including an Income and Expenditure Account, the Consolidated and Charitable Company Balance Sheets. the Consolidated and Charitable Company statement of Cash Flows and the notes to the financial statements including a summary of significant accounting policies in note 1. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting practi￿). In our opinion, the financial ststements: give a true and fair view of the state of the group's and of the charitable company's affairs as at 30 June 2024 and of the group's incoming resourGes and application of resources for the year then ended., have been proper]y prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practi￿. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK} {ISAs (UK)) and applicable law. Our responsibilities under those stsndards are further described in the Auditor's responsibilities for the audit of the financial statements sects.on of our report. We are independent of the group and charitable company in accordance with the ethical requirements that are relevant to our audit of the flnancial statements in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordan￿ 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 ¢oncem We have nolhing to report to you in respect of the following matters in relation to which the ISA'S (UK) require us to reF)Ort to you where.. the trustees, use of the going concem basis of accounting in the preparation of the financial statements is not appropriate" or the trustees have not disclosed in the financial statements any identffied uncertainties that may cast significant doubt about the charitable company's abilty to continue as a going concern to adopt the going concern basis of accounting for a period of at least 12 months from the date when the financial statements are authonsed for issue. Other infomiatlon The other information comprises the information included in the annual report, other than the financial ststements and our auditorfs report thereon. The trustees (who are also the directors of the group and charitable company for the purposes of company law) are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitFy stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audtt of the financial statements 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfomied, we conclude that there is a material misststement of this other information. we are required to report that 24 | Page

Manchester United Foundation (A Company Limited by Guarantee) Independent auditors, report to the members of Manchester United Foundation (continued) Other inforniation {continued) We have nothing to report in this regard. Opinions on other matters prescrfbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report, wh￿h includes the directors, report and the stralegic report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements" and the strategic report and the directors, report included within the trustees, report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the group and charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if. in our opinion. adequate accounts.ng records have not b￿n kept by the charitable company, or returns adequate for our audit have not been received from branches not visited by us., or the charitable company financial statements are not in agreement with the accounting records and retums" or certain disclosures of trustees. remuneration specified by law are not made. or we have not received all the inf0m￿tIOn and explanations we ￿qUIre for our audit. Responsibllitles of trustees As explained more fully in the Statement of Trustees. ￿SponSibl11t1eS set out on page 21 the trustees (who a￿ also the directors of the group and charitable company for the purposes of company law) a responsible for the p￿paratIOn of the financial statements and for being satisfied that they give a twe and fair view, and for such intemal control as the trustees determine is ne￿$sary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the group and charitsble company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going ¢oncem basis of accounb'ng unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditorfs responslbilities for the audlt of th• financial statements Qur objecttves are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from material niisstatement, whether due to fraud or error, and to Issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordan￿ with ISAS (UKI will always detect a material misstatement when it exists. Mi5Statements 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 ststements. 25 | Page

Manchester United Foundation (A Company Limited by Guarantee) Independent auditors, report to the members of Manchester United Foundation (continued) Abllity to Detect Irregularities Irregularities, including fraud, are instances of non<ompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below" Our approach to identtyng and asse&8ing the risks of material misstatsm8nt in resp8Ct of iffegu18rities, including fr8ud and non<ompliance with laws and regulations. was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate cornpeten￿, capabilities and skn'lls to identify or recognise non-complian￿ with applicable laws and regulations. we identified the laws and regulations applicable to the charitsble cornpany through discussions wÉth directors and other managemenL and from our knowledge and experience of the charity sector. we focused on specific laws and regulations wh￿h we ￿nsIde￿￿ may have a direct material effect on the financial statements or the operations of the charitable company, including the Companies Act 2006, the Charitses Act 2011, health and safety legislation, data protecb'on and fundraising regulations. we assessed the extent of Complian￿ with the laws and regulations identified above through making enquiries of management and inspecting legal corresponden￿. identified laws and regulations were communicated within the audrt team regularly and the team remained alert to instances of non-complian￿ throughout the audit W8 assessed the susceptibilty of the charitable company's financiaj statements to material misstat8m8nt, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was Su￿ptibIlity to fraud, their knowledge of actual, suspected and alleged fraud. considering the intemal controls in Pla￿ to mitigate risks of fraud and non-compliance with laws and fegulations. To address the risk of fraud through management bias and ovem'de of controls, we." performed anatytical procedures on income and salaries to identify any unusual or unexpected relationships tested journal entries to identify unusual transactions. assessed whether judgements and assumptions made in determining the accounting estimates set out in note 1 were indicative of potential bias. investigated the rationale behind significant or unusual transactions. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non- compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal corresponden￿. if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate COn￿alment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or .uklauditorsres onsibilitses. This description fomis part of our auditorfs report 261Page

Manchester United Foundation (A Company Limited by Guarantee) Independent auditors, report to the members of Manchester United Foundation (continued) Auditor's responsibilities for the audit of the financlal statements (contlnued) 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 auditcf 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 Ihe charitable company and the charitable company's members as a body for our audit work, for this report, or for the opinions we have fO￿￿ed. Marla Hallows BA FCA Dcha (Senlor Statutory Auditor) for and on behalf of Beever & Struthers Chartered Accountants and Statutory Auditors. One Express 1 George Leigh Street Ancoals Manchester M4 5DL 13 March 2025 271 Page

Manchester United Foundation (A Company Limited by Guarantee) Consolidated Statement of Financial Activities including an Income and Expenditure Account for the year ended 30 June 2024 Unrestricted Restricted funds funds 2024 2024 Total Total Note 2024 2023 Income and endowments from: Donation and legaGies Charitable activtties Other trading activrties Investments 2,555,584 2,555.584 2,792,848 211,110 2.835.340 3,046,450 2,799,D09 650,976 462,S56 4,113,532 1,257,700 224,370 224,370 75,145 3,642,040 3397,896 6.939,936 6,924.702 Total Expendlture on: Raising funds Charttable activities Total 1809.090) (526,468) (1.335,558) (1,177,923) (515,771) 14,425,443) 14,941,214) (4,414,242) (1,324,861) 14,951,911) (6,276,772) (5,592,165) Net Income l (expendlture) before tax Taxation Net income l (expendlture) after tsx Transfers behveen funds 2,317.179 (1.654,015) 51 2,317,230 (1,654,015) {1,654.015) 1,654.015 663,164 51 663.215 1,332,537 50 1,332,487 Net movement In funds 18 663,215 663,215 1,332,487 Reconciliation of Funds Total funds brought forward at 1 July Total funds carrled forward at 30 June 7.121,757 7,121.757 5,789.270 7.784.972 7,784.972 7,121,757 All incoming re50urce5 and resources expended are derived from contTnuing activilies in the current and prior year. The notes on pages 33 to 49 form part of these financial statements. The transfer from unrestricted to restricted funds represents the charitable funding required to deliver restricted projects to the agreed levels. 281 Page

Manchester United Foundation (A Company Limited by Guarantee) Consolidated Balance Sheet as at 30 June 2024 Note At 30 June At 30 June 2024 2023 CURRENT ASSETS Debtors Cash and cash equivalents TOTAL CURRENT ASs￿s 13 571,941 611,870 10,058,375 9,227,479 10,630,316 9,839,349 CREDITORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 14115 (2,845,344) (2,717,592) NET CURRENT ASSETS 7,784.972 7,121,757 NET ASSETS 7,784,972 7,121,757 THE FUNDS OF THE CHARITY Restricted income fvnds Unrestricted funds: Designated fijnds General unrestricted funds TOTAL CHARITY FUNDS 18 22 18 18 18,747 7.766.225 7.784,972 49.491 7,072,266 7,121,757 The notes on pages 33 to 49 form part of the* financial statements. The financial ststements on pages 28 to 49 were approved by the Board of Trustees on 4 March 2025 and signed on its behalf by.. Collette Roche Chair of Trustees 13th March 2025 Manchester United Foundation (A Company Limited by Guarantee) Charity Number: 1118310 Company Number: 05845172 291Page

Manchester United Foundation (A Company Limited by Guarantee) Charitable Company Balance Sheet as at 30 June 2024 Note At 30 June At 30 June 2024 2023 FIXED ASSETS Investments 12 CURRENT ASSETS Debtors Cash and cash equivalents TOTAL CURRENT ASSETS 13 1,021,515 1,219,828 9,468,267 8,468,115 10,489,782 9,687,943 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 14115 (2,705,828) (2,567,356) NET CURRENT ASSETS 7,783,954 7,120,587 NET ASSETS 7,783,955 7,120,588 THE FUNDS OF THE CHARITY Restricted income funds Unrestricted funds: Designated funds General unrestricted funds TOTAL CHARITY FUNDS 18 22 18 18 18,747 7,765,208 7,783.955 49,491 7,071.097 7,120,588 The notes on pages 33 to 49 form part of these financial statements. The financial statements on pages 28 to 49 were approved by the Board of Trustees on 4 March 2025 and signed on its behalf by: Collette Roche Chair of Trustees 13th March 2025 Manchester Unrted Foundation (A Company Limited by Guarantee) Charity Number: 1118310 Ccmpany Number: 05845172 301Page

Manchester United Foundation (A Company Limited by Guarantee) Consolidated Statement of Cash Flows for the year ended 30 June 2024 Note 2024 2023 Nèt income for the reportlng year las perthe consolidated statement of flnancial activities including an Income and Expendfture Account) Adjustments for: Dividends, interest from investments Decrease in debtors Increase l (Decrease) in creditors Net cash generated from operatlng actlvities 663,215 1.332,487 (224,370) (75,145) 39,929 1,398,803 127,752 177,311 606,526 2,478,834 2024 2023 Cash flows from operating activities Net cash generated from operdting activities 606,526 2,478,834 Cash flow from Investing activftles Dividends and interest from investments Net cash generated from Investing activities 224,370 224,370 75,145 75,145 Net Increase in cash and cash equlvalents 830,896 2,553,979 Cash and cash equivalents at the beginning of the reporting year Cash and cash equivalents at the end of the reporting year 9,227,479 6,673,500 10,058,375 9,227,479 311Page

Manchester United Foundation (A Company Limited by Guarantee) Charitable Company Statement of Cash Flows for the year ended 30 June 2024 2024 2023 Net income for the reporting year (as per the statement of rinancial activities) Adjustments for: Dividends, interest from investments Decrease in debtors Increase in creditors Net cash generated from operating activities 663.367 1,332,334 (13,513) {6,704) 198,313 740,151 138,472 207,895 986,639 2,273,676 2024 2023 Cash flows from operatlng activiti88 Net cash generated from operating activities 986,639 2,273,676 Cash flow from investing activits"8S Dividends and interest from investments Net cash generated from investing activities 13,513 13.513 6,704 6,704 Net increase in cash and cash equivalents 1,000,152 2,280,380 Cash and cash equivalents at the beginning of the reporting year Cash and cash gqulvalents at the end of the reporting yéar 8,468,115 6,187,735 9.468,267 8,468,115 321 Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 1. ACCOUNTING POLICIES General infomiation Manchester United Foundation is a company limited by guarantee (Companies House No. 05845172) and a registered charity (Registered Charity No. 1118310). It is incorporated and domiciled in the UK. The address of its registered office is 26 Sir Matt Busby Way, Old Trafford, Manchester, Lancashire M16 ORA. The principal actrvities of the Charity are mentK)ned in the ReF)Ort of the Trustees. Statsment of compliance The consolidated and individual financial statements of Manchester United Foundation have been prepared in accordan￿ wrth Accounting and Reporting financial ststements by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 20C6. Summary of slgnlftcant accountlng polleles The principal accounting policies applred in the preparation of these consolidated and separate financial statements are set out below. These policies have been consistently applied to all the years presented, unless othernise ststed. Basss of preparatlon These consolidated and separate financial ststements are prepared on a going concern basis in accordanGe with historical cost convention. The preparab.on of financial statements in conformity with FRS 102 requires the use of ￿rtaiN critical accounting estimates. It also requires rrk3nagement to exercise its judgement in the process of applying the fund accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in critical accounting judgements and key source of estimati3n uncertainty. The Charity constitutes a public benefit entity as defined by FRS 102. Going concern On the basis of their assessment of the group's financial posttion and resources, the Trustees believe that the group is well placed to manage its business risks. Therefore, the Trustees have a reasonable expectation that the group has adequate resources to continue in operational existen￿ for a period of at least 12 months from the date of approving these financial ststements. Thus, they continue to adopt the going con￿rn basis of accounting in preparing the annual financial statements. Basis of consolldatlon The consolidated financial statements include Manchester United Foundation and its subsidiary Manchester United Foundation (Trading) Limited, applying the acquisition method of accounting. Intra- group transactions are eliminated on consolidation. Uniform acccunting policies are adopted across the group. No profrt and loss account is presented for Manchester United Foundation, as provided by section 408 of the Companies Act 2006. The gross incomeltumover of the Company is £5,648,134 {2023'. £5,552,040) and the result of the Company is a surplus for the financial year of £3g5,D82 12023.. £836,925), detennined in accordance wÉth the Act. This result is before tax and gift aid.

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 1. ACCOUNTING POLICIES (continued) Income recognition All income is recognised once the Charty has entitlement to the income, any performance conditions attached to the item{s) of incorne have been met, il is probable that the Tncome will be re￿IVed, and the amount of income receivable can be measured reliably. Income represents the amount derived from all fundraising and charitable activities and arises in the United Kingdom and overseas. Donations received Donations are recognised in the financial statements where entFtlement is demonstrable and are credited to Unrestricted funds unless they a￿ made for specffic beneficiaries. In which case they are credited to Restricted funds. Sponsorship income Sponsorship income is recognised based on ttE Charity's right to the income and therefore is recognised in line with the payment schedule contained within the contract. Sponsorship income is recorded in 'Donation and legacies, and credited to Unrestricted funds. Grants and payment for servlces Grants and payment ft)r servi￿$ (including Management servI￿s arKI Charity Partner Management) are recognised when there are no external factors outside the control of the Charity that would prevent it being received and are recognised On￿ as deferred income when there are conditions imposed that specify the time period in which the expenditure can be made. Grant income is recorded in 'lncome and endowments from Charitable activities. and 'Other trading activits'es,. Bank Interest Bank interest is recognised in the financial statements on the accruals basis and is credited to Investments within Unrestricted funds. Income from Fundraising Activities Income from fundraising events (including lotteries income) is credited to 'Other trading activities, and costs are shown within 'Raising ftjnds.. Tax exemption The Charity is a ￿gIStered charity, and as such is entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the Charity's primary objecb'ves, if these proffts and surpluses are applied solely for charitable purposes. Resources expended Charitable expenditure comprises expenditure that is directly attributable to actrvities in knrtherance of the Charity's objects, included on an accruals basis. Irrecoverable VAT is included within the appropriate expenditure category. The policy for including items within the folk)wing activity categories of ￿sOurceS expended are detailed as follows: expenditure on raising funds.. This indudes the costs of the fundraising activities which include lotteries, the CharTty's management contract and Legends matches. cttaritable activities,. This includes the partner schools programmes, the community engagement, our girls. development programmes and a range of smaller ad hoc communty delivery projects. group overheads are allocated based on Ihe level of resources expended within each of the above areas. 341Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) I. ACCOUNTING POLICIES (continued) Gifts Sn klnd Expenditure in relation to the Charity borne by Manchester United Football Club Limited has been attributed and allocated to each expenditure category according to where the gifts in kind were expended with the corresponding income benefit being recorded under 'Donation and legacies,. Gifts in kind have been valued at management's estimate of the cost of an equivalent supply. Restricted funds Restricted funds held at the yearend relate to grant aided projects. The grant income has been received ané is to be used for a specific purpose, according to the grant agreement. All expenditure on grant aided projects is shown as restricted funds, resulting in a deficit position at the yearend. The transfer be￿een restricted and unrestricted funds represents the charitable funding required to deliver these projects to the agreed levels. There are sufficient resources to comply with the stipulations of the grant agreements. All restricted funds are held as cash and cash equivalents. Unrestricted funds Unrestricted funds held at the yearend relate to monies held that can be expended on any of the charitable aims of the Charity. All unrestricted funds are held as cash an(1 cash equivalents. Designated funds Designated funds comprise of funds that have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of these funds are set out in the notes to the financial statements. Employee benefits The Company provides a range of benefits to employees. including paid holiday arrangements and defined contribution pension plans. Short-temi benefits Short-term benefits, including holiday pay and other similar non-monetary benefits. are recognised as an expense in the period in which the Servi￿ is received. Defined contribution pension plans The Charity participates in the Manchester United Group Pension Scheme, a defined contribution scheme. The assets of the scheme are in a separate trustee-adm1n1ste￿d fund. For defined contribution schemes the amount charged to the income and expense account in respect of pension costs is ihe contribution payable in the year. Differences be￿een contributions payable and actually paid are shown as either accruals or prepayments in the balan￿ sheet. The costs of this scheme are charged to Ihe Statement of Financial Activities as incurred. The assets of the scheme are held separately from those of the Company In an independently administered fund. Investments - company Investment in subsidiary is held at cost less accumulated impairment losses. Cash and ca8h equivalents Cash and cash equivalents includes cash in hand, deposits held at call wtth banks, and other short- term highly liquid investments with original maturities of three months or less. 351 Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) I. ACCOUNTING POLICIES (continued) Financial instruments The Company has chosen to adopt the Sections 11 and 12 of FRS 102 in ￿spect of financial instruments. Financlal assets Basic financial assets, including trade and other debtors and cash and cash equivalents are initially recognised at transaction pri￿, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present ¥alue of the future re￿Ipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effectNe interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective eviden￿ of impairment. If an asset is impaired the impaimient loss is the difference beiween the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impaimpnt loss is recognised in income and expenditure. If there is a decrease in the impairment10ss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carying amountwould have been had the impairment not previously been recognised. The impaimient reversal is recognised in income and expenditure. Financial assets are derecognised when (a) the conlractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another paty or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third paty without imposing additional restrictions. Flnanclal Ilabllltles Basic financial liabilities, including trade and other creditors. bank loans. loans from fellow group companies that are classified as debt, are initially recognised at transaction pri￿, unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequenty carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. The Company does not hold or issue derNatives financial instruments. 361Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 1. ACCOUNTING POLICIES Icontlnued) Related party transactlons The Charity has disclosed tran&qctions with all related parties. crftlcal accountlng Judgements and key source of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of the accounting policies and the reported amounts of assets and liabilities, revenue and expenses. Actual results may differ from these estimates. Estimates and undertying assumptions are continually evaluated and are based on historical experience and other factors. including expectations of future events that are reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected. The Trustees do not consider there to be any areas where accounting policies or estimates are critical to the preparation of the financial statements. 37 | Page

Manchester United Foundation {A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 2. INCOME AND ENDOWMENTS FROM: DONATION AND LEGACIES Year to Year to 30Jun-24 30-Jun-23 Sponsorship Manchester United donations other Charitab￿ donations received 1.000,000 17,947 215,773 713,547 608,317 2,555,584 1,000,000 257,769 192.239 665.639 677,201 2,792,848 Gifts in kind MU Season ticket and online donations Donation and legacies are wholly unrestricted and include gifts in kind from Manchester United of £713,547 (2003.. £665,639). INCOME AND ENDOWMENTS FROM: CHARrrABLE ACTIVITIES Unrnstrlcted Restrfcted Year to Year to funds funds 3O￿un-24 30-Jun-23 Football Community Engagement High School Delivery Primary School Delivery Education- Other Disability Schools Delivery Other grants and income 54,493 398,710 1,422,525 379,349 64,447 232,523 283,293 54N93 398,710 1,422,525 379,349 257,207 232,523 301,643 92,271 281,369 1,273,634 344,410 257,397 187,233 362,695 192,760 18,350 211,110 2.835,340 3,046,450 2,799,009 381 Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 4. INCOME AND ENDOWMEKfs FROM: OTHER TRADING ACTIVITIES Yearto Year to 30Jun-24 30-Jun-23 Lotteries Charity partner management Home legends matches Overseas Legends matches MU Girls, Academy & Emerging Talent Centre Fundraising Auctions Other activities 324,696 182,365 397,309 173,681 888 249,539 102.430 254,502 1.113,532 224,003 385,732 76,087 1,257,700 Charity partner management income of £182,365 (2023: £173,681), payable by Manchester United Football Club Limited: are restricted funds relating to management of the Club's charity partners. £30,652 (2023.. £29,192) for disability ServI￿S to Club within 'Other acb'vities, are also treated as restricted funds. The MU Girls, Academy is managed by the trading company and is fully-funded by Manchester United Football Club. S. INCOME AND ENDOWMENTS FROM: INVESTMENTS Year to 30-Jun-24 Year to 30-Jun-23 Investment income received on cash deposits 224.370 75,145 Investment income is wholly unrestricted. 6. EXPENDITURE ON: RAISING FUNDS Unrestricted Restricted Year to Year to funds funds 30-Jun-24 30-Jun-23 Staff costs Group overhead apportionment Fundraising events I programmes other activities {incl departmental overheads) MU Girls Academy & Emerging Talent Centre Gifts in kind 245,759 346,785 43,622 126,447 62,622 91,597 308,381 438,382 43,622 137,750 206,852 200,571 232.008 432.717 75,605 94,440 200,251 142.902 11.303 206,852 154,094 46,477 809,090 526,468 1.335,558 1,177,923 391 Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 7. EXPENDITURE ON: CHARITABLE ACTIVITIES Unrestrlcted Funds Restrfcted Funds Yearto 30Jun-24 Year to 30-Jun-23 Football Community Engagement High school delivery Primary school delivery Disability schools delivery Education - other Covid-19 response activities other community delivery 86,628 296,123 730,273 2,211,182 542,621 341,494 108,184 382.751 730,273 2,211,182 542.621 341,494 381.139 94,776 256,978 361,987 508,536 2.049,342 449,353 292,204 405,630 66,925 280,265 272,955 94.776 61.412 195,566 515,771 4,425,443 4,941.214 4,414,242 Included in the above are direct costs. overhead apportionment. and staff costs relating to charitable activiti8s. Overheads have been apportioned on the estimated value of services and goods consumed in each area. 8. GOVERNANCE COSTS Year to Year to 30Jun-24 30-Jun-23 Audit fees Taxation ServI￿S Trustees indemnity insurance 12,465 1,647 5,376 19A88 11,330 1,890 5,376 18,596 Governance costs are included within apportioned group overhead costs. . TAXATION The Charty is a registered charity, and as such is ent￿ed to certain tsx exemptions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the Charity's primary objects'ves, if these profits and surpluses are applied solety for charitable purposes. The tax assessed for the year is equal to (2023.. higher than) that resulting from applying the standard effective rate of corporatson tax in the UK for the year ended 30 June 2024 of 25°A (2023.. 20.5 % ). Blf per rinancial statements Clf par Charged financial to I&E ststements Credited to Equity Current tax: Corporation tax payable Current year 237 (67.072) 167,072) 67,021 67,021 186 237 186 40IPage

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 9. TAXATION (continued) Year to Year to 30-Jun-24 30-Jun-23 Current tax. UK Corporation tax on income and expenditure for the yeai Less: Gift Aid 67,072 101,539 (67,072) (101,539} Total current tax Deferrnd tax: Origination and reversal of timing dIfferen￿S Adjustment in respect of previous periods Effect of changes in tsx rates {60} 41 (51) 50 Total tax per income and expenditure account (S1) 50 Year to Year to 30-Jun-24 30-Jun-23 Net income before tax Add: Charitable eX￿ptionS Taxable income 663,164 1,332,537 1395,084) (836,927) 268,080 495,610 67,021 101,580 Tax on profrt at standard UK tax rate of 25% (2023." 20.5%) Effects of.. Tax rats changes Effect of Gift Aid Total tax charye for the year (67,072) (101,539) (51) 50 Deforred tax la&80ts): 2024 2023 Provision at start of year Adjustment in respect of prior years Deferred tax charge to income ststement in the year Provision at end of year 14B9) (539) 50 1540 (489) 411 Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial ststements for the year ended 30 June 2024 (continued) 9. TAXATION Icontinuod) The standard rate of Gorporation tax rate for the year ended 30 June 2024 was 250￿ {2023.' 20.5 % ). The prior year rate being lower than this year due to the rate being blended following an increase in the UK'S main corporation tax rate, to 250k. on 1 April 2023. 10. TOTAL WAGES AND SALARIES The following stsff costs are included within Expenditure on the Income and Expenditure Account. A bonus (included within Wages and salaries. telow) of £148,062 {2023: £185,024) relates to a discretionary bonus paid to the Foundation staff by Manchester United Football Club Limited and is included in the gifts in kind figure within the relevant expenditure category. Year to Year to 30Jun-24 30-Jun-23 Wages and salaries Social security costs other pension costs (note 20) 3.984,099 3,547,518 363,709 324,814 299,769 260, 356 4,647,577 4,132,688 Monthty average number of employees in the year: 2024 2023 Number Number Operational employees 110 100 The employee nurnbers noted above relate to staff on contracts. not casual tems of engagement. 421 Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 10. TOTAL WAGES AND SALARIES {contlnued) Key management compensation Key management personnel comprise the Chief Executive Offiw, Operations Director, Director of Finan￿ & Compliance and Head of Communications. The compensation paid or payable to key management for employee services is shown below: Year to Year to 3O￿un-24 30-Jun-23 Salaries and other short-term benefits 551.679 551,679 544,101 The number of higher paKI employees was". 2024 2023 Number Number £70,000 - £80,000 £80,000 - £90,000 £130.000 - £140,000 Total pension contribution for the members of staff eaming in excess of £60.000 was £32.457 (2023: £33,072). 11. TRUSTEES, EXPENSES The total expenses of the Trustees were £1,968 (2023: £240). None of the Trustees received any munerats'on during the year (2023: none). Four (2023.. 1) trusteels were reimbursed travel expenses to attend Trustees, meetings. Meetings were held both in person and virtually during the year. 431 Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 12. INVESTMENTS Asat30 June 2024 Asat30 June 2023 Charlty Investment in subsidiary The Charity owns the enti￿ share capital of Manchester United Foundation ￿rading) Limited ("the Trading Subsidiary"). The Trading Subsidiary has an issued share capital of one ordinary share of £1 and was incorporated in England on 13 June 2Ci)6 (Registration Number 05750031). The registered address of the Trdding Subsidiary is". 26 Sir Matt Busby Way, Old Trafford. Manchester, L8ncashire M16 ORA. The main activities of Manchester United Foundation (Trading) Limited include matchday lotteries, a service contract managing charty and trading activtties for Manchester United Football Club Limited and various fundraising projects eg. Legends matches. auctions. A summary of the balance sheet and profft and loss account for Manchestsr Untted Foundation (Trading) Limited is as follows: Asat30 June 2024 Asat30 June 2023 Total assets 618,898 773,491 1617.881} (772,322) 1,017 1,169 Total liabilities Net assets Year to 30Jun-24 Year to 30-Jun-23 Tumover Expenditure Proflt on ordlnary actlvlties (before taxatlon 1,291,802 1,372,662 (1.023.722) (877,052) and Glft Ald donatlon to the Charlty) 268,080 495,610 441Pa8e

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial ststements for the year ended 30 June 2024 (continued) 13. DEBTORS Group Asat30 June 2024 Charity Asat30 Jun8 2024 Asat30 June 2023 Asat30 June 2023 Trade debtors Deferred tax Amount owed by group undertakn'ngs other debtors 378N17 249,626 489 357,290 241,642 478,363 185,862 1,021,515 622,086 356.100 1,219,828 192.984 571,941 361.755 611,870 The trade debtor balance owng by Manchester United group companies, at 30 June 2024, was £5,378 {2023'. £S,050). The amounts owed by group undertakings are unsecured, interest free, and repayable on demand. The Trustees consider the carying value of trade and other debtors to be the same as the book value due to their short-term nature. Deferred tsx relates to plant pool assets. 14. TRADE AND OTHER CREDITORS Group Asat30 June 2024 Group Asat30 June 2023 Charity Charty Asat30 Asat30 June 2024 June 2023 Trade creditors Other creditors 27.871 591,774 619,645 79,556 540,346 619,902 2,131 525,529 527,660 570,677 570,677 The amount owing to Manchester United Football Club Limlted at 30 June 2024, of £380,399 {2023'. £352,197) in respect of payroll and other costs is Included within the 'Other Gredrtors, balance. The Trustees consider the carrying value of trade and other credrtors to be the same as the book value due to their short-term nature. 451Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 15. ACCRUALS AND DEFERRED INCOME Group Asat30 June 2024 Group Asat30 June 2023 Charity Charity Asat30 Asat30 June 2024 June 2023 Deferred Incomo School I college delivery Communty Engagement Sponsorship Inclusion programme MUDSA programme Rise programme Other deferred income 711.093 32,034 1.000.000 644,197 28,126 1.000,000 6,944 40,000 711,093 32,034 1.000.000 644,197 28,126 1,000,000 6,944 40,000 6.667 219.474 1.969,268 256,431 2,225,699 6,667 167,555 1,917,349 217,802 2.135,151 168,692 1,887,959 209.731 2,097,690 162,259 1,881,526 158,170 2,03g,696 Accruals Group 2024 Group 2023 Charlty 2023 2024 Def8rr8d Income at the baginning of tho year Amounts released from previous years Incoming resources defe￿ed in the current year Deferred Income at the and of the year 1.887,959 1.835,633 1,881,526 1,834.869 (1.887,959) (1.828,689) (1,881.526) (1,827,925) 1.969.268 1,881,015 1,917,349 1,874,582 1.969,268 1,887,959 1.917,349 1,881,526 Deferred Income, in both the Group and Charity, represents income re￿iVed and re￿1vable prior to the year-end in respect of future periods. 16. FINANCIAL INSTRUMENTS Group Asat30 June 2024 Group Asat30 June 2023 Charity Charity Asat30 Asat30 June 2024 June 2023 Financlal assets that are debt instruments measured at amortised cost: Trade debtors Other debtors Amounts owed by group undertakings Cash at bank and in hand 378,417 192.984 249,626 361,755 357,290 185,862 478,363 9,227,479 9 468 267 9,838.860 10.489,782 241,642 356,100 622,086 8,468,115 9,687,943 10,058,375 10,629,776 46 | Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial ststements for the year ended 30 June 2024 (continued) 16. FINANCIAL INSTRUMENTS {continued) Group Asat30 June 2024 Group Asat30 June 2023 Charity Charity Asat30 Asat30 June 2024 June 2023 Financial liabilities measured at amortised cost Trade creditors Other creditors Accruals 27.871 591,774 256.431 876.076 79,556 540,346 209,731 829,633 2,131 525,529 158,170 685,830 570,677 217,802 788,479 17. STATUS OF THE GUARANTEE The Charity is a company limited by guarantee and has no share capital. The liability of the Trustees as members is limited by guarantee to not more than £1. 18. NET MOVEhlENT IN FUNDS Unrestricted income funds Restricted income funds Total Charity Funds Group Total funds brought fomard at 1 July 2023 Net incomingl{outgoing) resources before transfers Gross transfers be￿een funds Total funds carrled forward at 30 June 2024 7,121,757 2,317,230 (1,654,015) (1.654,015) 1,654,015 7,121,757 663,215 7,784.972 7,784,972 Unrestricted Income funds Restn"¢ted Income funds Total Charity Funds Charity Total funds brought fonvard at 1 July 2023 Net incomingl(outgoing) reSoUr￿S before transfers Gross transfers bef￿een funds Total funds carried forward at 30 Jun8 2024 7,120.588 2,317,382 (1,654,015) {1,654,015) 1,654,015 7,120,588 663,367 7,783,955 7,783.955 All expenditure on grant aided projects is shown within restricted funds, resulting in a deficit position at the year*nd. The transfer between restricted and unrestricted funds represents the charitable funding required to deliver these projects to the agreed levels. 471 Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 19. ULTIMATE CONTROLLING PARTY The ultimate parent undertaking and controlling party of the Charity a￿ its Trustees. 20. PENSIONS The Charity participates in the Manchester United Group Pension Scheme, a defined contribution scheme. The assets of the scheme are in a separate trustee-administered fund. The Cost recognised in the year in the Statement of Financial Activities is equal to the contributions payable to the scheme for the year and they total £299,769 {2023. £260,356). The amounts outstanding at the year-end are £24,712 (2023. £23,502). 21. ANALYSIS OF NET ASSETS Group Fund balan￿S at 30 June 2024 are represented by: Unr88tricted Restrdcted Total Current assets Creditors.. amounts falling due within one year 10,271,102 1,761,451 8 509.651 359,214 10.630,316 1,083,893 2,845,344 724,679 7,784,972 Charlty Fund balances at 30 June 2024 are represented by: Unrestricted Restrlcted Total Current assets Creditors.. amounts falling due within one year 10,132,968 1673 550 356,814 10,489,782 1,032,278 2,705,828 675,464 7,783,954 8,459.418 22. DESIGNATED FUNDS Balancè at Incoming 30 June 2023 Resources Resources Transfers expended Balance at 30 June 2024 Covid-19 Response Fund Santa's Red Helpers Mini Medics 21.190 13,272 15,029 49,491 (21,190) (15,054) 2,500 38,744 8,000 6,218 18,747 The income funds of the Charity include the following designated funds which have been set aside from General unrestricted funds by the Trustees for specific purposes: 48 | Page

Manchester United Foundation (A Company Limited by Guarantee) Notes to the financial statements for the year ended 30 June 2024 (continued) 23. RELATED PARTIES The Charity's wholly owned subsidiary, Manchester United Foundation (frading) Limited ("the Trading Subsidiary.) was incorporated on 21 March 2006. The purpose of the Trading Subsidiary is to operate commercial activities, the profits from which are donated under a deed of covenant to the Charity for charitable purposes. The Charity is supported by Manchester United Fwtball Club Limited. in that the Charity has a licence to use the Club's brand, and also certain rights to use the Club's ground at Old Trafford. During the year, the Club provided the following services to the Charity: The Club prO￿sSed the Charity's payroll for the year for a total value of £4,344,095 {2023: £4,017,958) which the Charity repays in full to the Club with the exception of a discretionary bonus of £148,062 (2023. £185,024) which is included in the gifts in kind figure disclosed in note 10. No service charge or mark-up f￿ was paid to the Club by the Charity for the provision of this service. The amount owing to the Club by the Charity in relation to payroll repayments at year end was £380,399 (2023.. £352.197}. Other payments made by the Charity to the Club during the year amounted to £214,697 {2023: £67,437) relating to recharge of costs incurred on the Charity's behalf and servi￿$ delivered by the Glub. The amount owing to the Club by the Charity in ￿latiOn to these payments at year end was £nil. (2023.. £nil). other payments made by the Club to the Charity amounted to £535,870 (2023. £415,740). principalty in relation to charity and trading services provKled to the Club. The amount owing by the Club to the Charity at the year-end was £2,4C14 (2023: £4,756). The Charity paid MU RAML Limited £10,375 during the year (2023: £6,712), principally in relation to branded kit and merchandise. The Charity recerved £nil (2023: £6,913) from MU RAML Limrted principally in respectof monies raised for the Charity through ￿ndraisIng. The Charity provided mascot services to the value of £7,345 (2023: £4,920) to Manchester United Women's Football Club Limited during the year. The amount outstanding at the year- end was £2,974 (2023: £1,294) Michael Edelson is a former trustee of the Foundation. a director of Manchester United Foundation (Trading) Limited and a director of Manchester United Football Club Limited. Collette Roche is the Chair of Trustees for the Foundation and Chief Operating Offi￿r of Manchester United Football Club Limited. David Maples is a trustee of the Foundation. was formerly a director of Manchester Unitsd Foundation (Trading) Limited and a senior equty partner at Brabners LLP, the Foundation's solicitors. The Charity paid Brabners LLP £1,213 (2023: £964) during the year in respect of legal and company secretsrial senil￿s. Tarun Kapur CBE is a trustee of the Foundation and the Chief Executive Officer of six (2023: four) schools, Dean Trust Ardwick, Dean Trust Wigan, Dean Trust Rose Bridge, Dean Trust Broadoak, Partington Central Academy and Forest Gate Academy, in which the Foundation works. The payment made by all six schools during the year was £116,652 (2023: £168.390). The amount owing by these schools at year*nd was £22,051 {2023: £6,314). John Shiels, the Chief Executive Officer. is a trustee of the Dean Trust, which runs six (2023: four) schools, Dean Trust Ardwick, Dean Trust Wigan, Dean Trust Rose Bridge, Dean Trust Broadoak, Partington Central Academy and FoEst Gate Academy, in which the Foundation works. The payment made by all six schools during the year was £116,652 (2023: £168,390). The amount owing by these schools at year-end was £22,051 {2023: £6,314). He is also a trustee of Sir Bobby Chadton Foundation who are an associated charrty of the Club and ￿ supported by the Foundation as part of the Charty Services Contract with the Club. Manchester United Foundation (Trading) Limtted. the trading subsidiary of Manchester United Foundation, made a gtft aid payment of £268,283 (2023: £495,409) relating to the 2022123 financial year. 491 Page