2020-07-31-accounts - Newcastle United Foundation

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Trustees	JP 8Marshall
	CAlexander
	FAmeobi
	LChamley
	SAHarper
	GMason
	MFPercy
	MR Thompson
	8 Thorpe
Charitynumber	1124896
Company number	06412345
Registeredoffice	St James'Park
	NewcastleuponTyne
	Tyne andWear
	NE14ST
Auditor	RSMUKAuditLLP
	CharteredAccountants
	1StJames'Gate
	Newcastle uponTyne
	NE14AD
Solicitors	Muckle LLP
	TimeCentral
	32GaJlowgate
	NewcastleuponTyne
	NE14BF

Key	strategic
objectives		2019-20 Target					Achievements in2019/20
2.Increase our		Participation:				Better	Ourstrategicprioritywas tobetterunderstandthe		participants
reach		understanding				of our	on ourprogrammeswhichwasasignificanttask.		Westarted
		participant		database			withPremierLeaguefundedprogrammes	indudingKicks,
							PrimaryStarsandInspires
							Thetargetincomewasachievedwithsignificant growthacross
							Northumberlandschools-82.7%ofschoolswereretained from
		Premier				League	2018/19withnewschoolscomprising28.3%	ofthe	totalof 93
		Primary				Stars:	Schools.
		engagement				and
		retention	ofschools				tThestaffutilisation target forprojectofficersand		community
							coachespre-pandemicwasmarginallybelow	target	duelargely
							~ocomplexitiesaroundstaffdeploymentandprogrammetimings.
		IStaff			Utilisation:
		DeliveryStaffutilisation
3.More	Diverse	Income:				£3.8m	Underlyingincome(exdudingNUCASTLEgrants/donations,Gift
Income	Base	exduding		NUCASTLE			inKindand JobRetentionSchemegrant)totals£3.8m.
		capitalproject
							Earnedincomeisat 36% fortheyeardue tothehighlevelof
							grantincome.
		Earned		v		Raised
		income:			Increase
		earnedincome				to40%
		by July2020
4.More	Impact	Premier				League	Deadlineswerecompletedontimeandall	associatedtasks,
		Capability			Code of		actions,policiesagreedandadopted bytrustees.All		mandatory
		Practice:	Completeand				recommendationswereachievedand fullycompliant.
		submit			additional
		requirements				for	WeintroducedaQualityImprovement	Plan	across12
		compliance.					programmes, indudingobservations,bookscrutiny,coaching
							andmentoringforaUdeliverystaffinFootball	Developmentand
							PremierLeaguePrimaryStars. AQuality	AssurancePolicy
		Quality:	Build			onthe	linked todepartmenttargetswasimplemented.
		Quality			Assurance
		framework.			trainstaff
		and			determine
		specialisms.
5.Better		Communications					Weagreed awrittencommunications strategy	anddeliveryplan.
Articulation of		Strategy		and		Delivery	Highlightsindude:
WhatweDo		Plan:		To		better	-Pressreleases:66,Externalmediacoverage:	37(56%hit-rate)
		articulate		our		service	-Twitterreach:7,858,000(25%increase from2018-19yearfy
		and engage				with	figure)
		customers			induding		-Twitterfollowers:16.3k(1,763additional	followers,101%
		trackingand			measuring		increase ontarget)
		impact.					-Facebookreach:1,880,251(53%increase from2018-19yearfy
							figure)
							-Unkedlnfollowers: 2,372(41%higher	growth-rate than
							2018-19)
							-NUFCplayer/legendsessionvisits:17
							-2.9msocialimpressionsinAprilMayversus600,000		in2018/9

	`2020`	`2019`
Reserves	£3,367,780	£1,144,651
Designatedreserves	£7,226	£30,719
Restrictedreserves	£2,692,179	£641,864
Unrestrictedfixedassets	£110,328	£95,195
Freereserves	£558,047	£376,873

		Unrestricted	Restricted	Resbicted	Total	Total
		funds	funds	funds	`2020`	`2019`
			general	NUCASTLE
	Notes	£	£	£	£	£
Incomefrom:
Donationsandlegacies	3	309,313	502,798	963,224	1,n5,335	734,132
Charitableactivities	4	1,444,367	1,849,896	950,000	4,244,263	2,802,610
Othertradingactivities	5	203,663			203,663	262,569
Investments	6	2,628			2,628	5,491
Totalincome andendowments		1,959,971	2,352,694	1,913,224	6,225,889	3,804,802
Exg~ndi1Y~2n:
Raisingfunds	7	148,210	18,581	4,736	171,527	210,743
Charitableactivities	8	1,638,947	2,116,561	75,725	3,831,233	3,295,365
Totalresources		1,787,157	2,135,142	80,461	4,002,760	3,506,108
Netmovementinfunds		172,814	217,552	1,832,763	2,223,129	298,694
Totalfundsbroughtforward		502,787	487,064	154,800	1,144,651	845,957
Totalfundscarriedforward		675,601	704,616	1,987,563	3,367,780	1,144,651

			2020
	Notes	£	£	£	£
Fixed assets
Tangibleassets	13		546,887		170,195
Currentassets
Debtors	15	1,230,558		381,579
Cashatbankandinhand		2,960,074		1,485,881
		4,190,632		1,867,460
Creditors:amountsfalling duewithin	16
oneyear		(1,369,739)		(893,004)
Netcurrentassets			2,820,893		974,456
Total assetslesscurrentliabilities			3,367,780		1,144,651
Restrictedfunds
NUCASTLE		1,987,563		154,800
Generalrestrictedfunds	20	704,616		487,064
			2,692,179		641,864
Unrestrictedfunds
Generalunrestrictedfunds		668,375		472,068
Designatedfunds		7,226		30,719
			675,601		502,787
			3,367,780		1,144,651

			2020
	Notes		£	£	£	£
Fixed assets
Tangibleassets	13			185,328		170,195
Investments	14			2		2
				185,330		170,197
Currentassets
Debtors	15	1,188,277			527,807
Cashatbankand inhand		2,261,229			1,307,957
		3,449,506			1,835,764
Creditors:amountsfallingduewithin	16
oneyear		(1,222,501	)		(856,076)
Netcurrent assets				2,227,005		979,688
Total assetslesscurrentliabilities				2,412,335		1,149,885
Restrictedfunds
NUCASTLE		1,037,563			154,800
Generalrestrictedfunds		865,231			535,332
	20			1,902,794		690,132
Unrestrictedfunds
Generalunrestrictedfunds		502,315			429,034
Designatedfunds		7,226			30,719
	20			509,541		459,753
				2,412,335		1,149,885

				`2019`
	Notes	£	£	£	£
Cash flows fromoperating activities
Cashgeneratedfrom operations	`22`		1,885,416		372,694
Investing activities
Purchaseoftangiblefixed assets		(413,851)		(49,364)
Interestreceived		2,628		5,491
Net cash used ininvesting activities			(411,223)		(43,873)
Netcash used infinancing activities
Netincrease incash and cash equivalents			1,474,193		328,821
Cashandcashequivalentsatbeginningof year			1,485,881		1,157,060
Cash and cashequivalentsat endof year			2,960,074		1,485,881

	Unrestricted	Restricted	Restricted	Total	Total
	funds	funds	funds	2020	2019
		general	NUCASTLE
	£	£	£	£	£
Donationsandgifts	118,224	248,460		366,684	319,971
GrantsreceivedfromCharitable
Foundations	77,001	254,338	963,224	1,294,563	282,107
Giftsinkind	114,088			114,088	132,054
	309,313	502,798	963,224	1,775,335	734,132
Fortheyear ended31July2019	231,996	502,136			734,132

Bysource offunding	Unrestricted	Restricted	Restricted	Total	Total
	funds	funds	funds
		general	NUCASTlE	2020	2019
	£	£	£	£	£
Footballcoaching&education-
feesreceived	374,581	77,368		451,949	453,059
Sale ofservices as part of
charitableactivities	719,314	16,162		735,476	592,273
Contractualpaymentsfrom
governmentsorpublicauthorities	166,460	56,596		223,056	287,300
Grantsreceivedfortheprovision
ofservices		1,472,724		1,472,724	1,469,978
NUCASTlE			950,000	950,000
JobRetentionScheme	184,012	227,046		411,058
	1,444,367	1,849,896	950,000	4,244,263	2,802,610
Fortheyearended31July2019	1,251,715	1,550,895			2,802,610

4	Charitableactivities(Continued)
	Bycharitableactivity	Unrestricted	Restricted	Restricted			Total	Total
		funds	funds		funds
			general	NUCASTLE			2020	2019
		£	£		£		£	£
	Incomefrom:
	Footballandsportsdevelopment	467,471	227,375				694,846	715,259
	LearningandSkills	581,927	620,884				1,202,811	1,018,864
	Community	347,581	744,887			1,092,468		858,203
	Health	22,718	187,500				210,218	200,288
	NUFutures		55,951				55,951
	NUCASTLE				950,000		950,000
	Other	24,670	13,299				37,969	9,996
		1,444,367	1,849,896		950,000	4,244,263		2,802,610
5	Other tradingactivities
			Unrestricted	Restricted			Total	Total
			funds		funds		2020	2019
			£		£		£	£
	Fundraisingevents		162,640				162,640	198,342
	Onlineauctionsandsaleofgoods	andservices						19,684
	Matchdaylottery		41,023				41,023	44,543
	Othertradingactivities		203,663				203,663	262,569
	Fortheyearended31July2019		262,569					262,569
6	Investments
			Unrestricted		Restricted		Total	Total
			funds		funds		2020	2019
				£		£	£	£
	Interestreceivable		2,628				2,628	5,491
	Forthe yearended31July2019		5,491					5,491

	Unrestricted	Restricted	Restricted	Total	Total
	funds	funds	funds	`2020`	`2019`
		general	NUCASTlE
	£	£	£	£	£
Fundraisingevents	50,514			50,514	71,676
Onlineauctionsandsale of
goodsandservices	798			798	4,447
Matchdaylottery	4,486			4,486	6,728
Staffcosts	82,326			82,326	71,040
Otherdirect costs	6,823			6,823	8,260
Support costs	3,263	18,581	4,736	26,580	48,592
	148,210	18,581	4,736	171,527	210,743
Forthe year ended31 July
`2019`	199,751	10,992			210,743

	Football and	Learning	Community	Health	NUFutures	Total	Total
	sports	andSkills				2020	2019
	development
	£	£	£	£	£	£	£
Staffcosts	595,196	989,012	697,445	154,063	37,076	2,472,7922,022,460
DepreciationandImpairment	19,365					19,365	14,565
Directprojectcosts	239,726	213,781	255,171	91,332		800,010	790,227
Provisionofdonatedticketsandfacilities	24,345	42,142	38,276	7,365	1,960	114,088	132,054
	878,632	1,244,935	990,892	252,760	39,036	3,406,255	2,959,306
Shareofsupportcosts(seenote9)	88,279	152,814	138,795	26,707	7,108	413,703	322,485
Shareofgovernancecosts(seenote 9)	2,406	4,165	3,783	728	193	11,275	13,574
	969,317	1,401,914	1,133,470	280,195	46,337	3,831,2333,295,365
Analysis by fund
Unrestrictedfunds	645,631	595,148	365,197	30,114	2,857	1,638,947
Restrictedfunds-general	307,527	778,795	742,868	245,192	42,179	2,116,561
Restrictedfunds-NUCASTLE	16,159	27,971	25,405	4,889	1,301	75,725
	969,317	1,401,914	1,133,470	280,195	46,337	3,831,233
Forthe year ended31July2019
Unrestrictedfunds	654,082	473,877	454,649	61,360			1,643,968
Restrictedfunds	370,219	707,833	407,912	165,433			1,651,397
	1,024,301	1,181,710	862,561	226,793			3,295,365

Supportcosts
	Support	Governance	2020	2019	Basisofallocation
	costs	costs
	£	£	£	£
Staffcosts	352,120		352,120	322,261	Income
Depreciation	17,794		17,794	10,436	Income
Generalofficecosts	9,703		9,703	7,208	Income
NUCASTLEcosts	59,961		59,961	29,896	Income
Governancecosts		11,980	11,980	14,850	Governance
	439,578	11,980	451,558	384,651
Analysedbetween
Trading	25,875	705	26,580	48,592
Charitableactivities	413,703	11,275	424,978	336,059
	439,578	11,980	451,558	384,651

Net movementinfunds	2020	2019
	£	£
Netmovementinfundsisstatedaftercharging
Feespayable tothecompany'sauditor fortheauditofthecompany's
financialstatements	15,600	10,650
Depreciation ofownedtangiblefixed assets	37,159	25,001
Operatingleasecharges	2,500	1,875
Nonauditfees:
Taxationcomplianceservices	2,500	1,850
Othernonauditservices	5,200	3,900

	`2020`	`2019`
	Number	Number
FootbaUandsportsdevelopment	22	21
Community	18	16
Learning andskills	39	31
Fundraising	3	3
Support	12	11
Health	4	4
	98	86
Employment costs	`2020`	`2019`
	£	£
Wagesandsalaries	2,652,248	2,192,748
Socialsecuritycosts	202,932	184,946
Otherpensioncosts	52,058	38,067
	2,907,238	2,415,761

		`2020`	`2019`
		Number	Number
£60,001	-£70,000	1	1

Tangible fixedassets
Group	Freeholdlend endbuildings	Aeeetaunder eenstrueuen	Plentend equipment	Flxturelend flttlngl	Computer Motor equipment	vehlel..	Totel
	£	£	£	£	£	£	£
Cost
At1August 2019	75,000		72,898	30,606	77,509		256,013
Additions		361,559	4,776		27,313	20,203	413,851
Disposals				(12,589)	(46,288)		(58,877)
At31July2020	75,000	361,559	77,674	18,017	58,534	20,203	610,987
Depreciation andImpairment
At1August2019			13,565	17,615	54,638		85,818
Depreciationchargedintheyear			15,536	5,420	12,415	3,788	37,159
Eliminated inrespect ofdisposals				(12,589)	(46,288)		(58,877)
						--
At31July2020			29,101	10,446	20,765	3,788	64,100
Carrying amount
At31July2020	75,000	361,559	48,573	7,571	37,769	16,415	546,887
At31July2019	75,000		59,333	12,991	22,871		170,195

Charity	Freeholdland Alletaunder andbuilding. eenstruencn	Freeholdland Alletaunder andbuilding. eenstruencn	Plantand equipment	Fixture.and fitting.	Computer Motor equipment	vehicle.	Total
	£	£	£	£	£	£	£
Cost
At1August 2019	75,000		72,898	30,606	77,509		256,013
Additions			4,776		27,313	20,203	52,292
Disposals				(12,589)	(46,288)		(58,877)
At31July2020	75,000		77,674	18,017	58,534	20,203	249,428
Depreciation andImpairment
At1August 2019			13,565	17,615	54,638		85,818
Depreciationchargedintheyear			15,536	5,420	12,415	3,788	37,159
Eliminatedinrespectofdisposals				(12,589)	(46,288)		(58,877)
At31July2020			29,101	10,446	20,765	3,788	64,100
Carryingamount
At31July2020	75,000		48,573	7,571	37,769	16,415	185,328
At31July2019	75,000		59,333	12,991	22,871		170,195

	Sharesin
	group
	undertakings
	£
Cost
At1August2019 &31July2020	2
Canying amount
At31July2020	2
At31July2019	2

Newcastle UnitedFoundationProjectsLimited:
	`2020`	`2019`
SummaryStatement of Comprehensive Income	£	£
Turnover	86,091	82,232
Expenses	(104,980)	(86,233)
	(18,889)	(4,001)
Taxation
	(18,889)	(4,001)
	`2020`	`2019`
The assets andliabilities of thesubsidiary were:	£	£
Fixed assets	361,559
Current assets	902,812	192,799
Creditors:amountsfallingduewithinoneyear	(147,238)	(40,222)
Creditors:amountsfallingdueaftermorethanoneyear	(1,161,745)	(157,809)
Totalnet assets	(44,612)	(5,232)
Aggregatedshare capitalandreserves	(44,612)	(5,232)

NewcastleUnitedWomen'sFootballClublimited:	NewcastleUnitedWomen'sFootballClublimited:
			`2020`	`2019`
SummaryStatementofComprehensiveIncome			£	£
Turnover			40,515
Expenses			(40,458)
			57
Taxation
			57
			`2020`	`2019`
The assetsandliabilitiesof thesubsidiarywere:			£	£
Currentassets			13,053	1
Creditors:amountsfalling due withinoneyear			(12,995)
Totalnetassets			58	1
Aggregatedsharecapitalandreserves			58	1
Debtors
	Group		Charity
	`2020`	`2019`	`2020`	`2019`
Amountsfalling duewithinoneyear:	£	£	£	£
Trade debtors	232,886	180,040	28,919	177,520
Amounts duefromgroupundertakings	13,053		12,995	3,295
Other debtors	1	2,690		1,695
Prepaymentsandaccruedincome	984,618	198,849	984,618	187,488
	1,230,558	381,579	1,026,532	369,998
	`2020`	`2019`	`2020`	`2019`
Amountsfalling dueaftermorethanone	£	£	£	£
year:
Amountsduefrom groupundertakings			161,745	157,809
Totaldebtors	1,230,558	381,579	1,188,277	527,807

`16`	Creditors:amountsfallingduew	ithinone yea	r
			Group		Charity
			`2020`	`2019`	`2020`	`2019`
		Notes	£	£	£	£
	Tradecreditors		17,175	68,341	9,735	67,945
	AmountsduetoNewcastle United	Football
	CompanyLimited		22,786	13,478	22,786	13,478
	Other taxationandsocial
	security		79,295	38,706	43,745	38,706
	Othercreditors		22,899	10,658	22,899	10,658
	Accruals		453,817	123,601	444,487	118,100
	Deferredincome	17	773,767	638,220	678,849	607,189
			1,369,739	893,004	1,222,501	856,076
17	Deferredincome
	Group				`2020`	`2019`
					£	£
	Balanceasat1August2019				638,220	273,516
	Releasedfrompreviousyears				(537,028)	(273,516)
	Resourcesdeferredinthe year				672,575	638,220
					773,767	638,220
	Charity				`2020`	`2019`
					£	£
	Balanceasat1August 2019				607,189	271,016
	Released from previousyears				(505,997)	(271,016)
	Resourcesdeferredinthe year				577,657	607,189
					678,849	607,189

Financial instruments	2020	2019
	£	£
Carryingamountoffinancialassets
Debtinstrumentsmeasuredatamortisedcost	1,153,349	277,298
Carryingamountoffinancialliabilities
Measuredatamortisedcost	516,677	216,078

		Movementinfunds	Movementinfunds
Group	Balanceat1	Incoming	Resources	Transfers	BaJanceat31
	August	resources	expended		July2020
	2019
	£	£	£	£	£
Unrestrictedfunds
Generalfunds	472,068	1,959,971	(1,763,664)		668,375
Designatedfunds	30,719		(23,493)		7,226
	502,787	1,959,971	(1,787,157)		675,601
Restrictedfunds
Headoffice	109,662	267,637	(315,666)		61,633
FootbaUdevelopment	40,062	280,347	(244,134)		76,275
Learningandskills	79,014	748,910	(669,057)		158,867
Community	228,611	792,126	(643,197)		377,540
Health	29,715	203,916	(226,013)		7,618
NUFutures		59,758	(37,075)		22,683
NUCASTLE	154,800	1,913,224	(80,461)		1,987,563
Restrictedfunds	641,864	4,265,918	(2,215,603)		2,692,179
Totalfunds	1,144,651	6,225,889	4,002,760		3,367,780
		Movementinfunds
Company	Balanceat1	Incoming	Resources	Transfers	Balanceat31
	August	resources	expended		July2020
	2019
	£	£	£	£	£
Unrestrictedfunds
Generalfunds	429,034	1,820,916	(1,747,635)		502,315
Designatedfunds	30,719		(23,493)		7,226
	459,753	1,820,916	(1,771,128)		509,541
Restrictedfunds
Headoffice	157,930	267,637	(190,194)		235,373
Footballdevelopment	40,062	317,221	(244,133)		113,150
Learningandskills	79,014	748,910	(669,057)		158,867
Community	228,611	792,126	(643,197)		377,540
Health	29,715	203,916	(226,013)		7,618
NUFutures		9,758	(37,075)		(27,317)
NUCASTLE	154,800	963,224	(80,461)		1,037,563
Restrictedfunds	690,132	3,302,792	(2,090,130)		1,902,794
Totalfunds	1,149,885	5,123,708	(3,861,258)		2,412,335

Fortheyearended31July	2019:
		Movementinfunds
Group	Balanceat1	Incoming	Resources	Transfers	Balanceat31
	August	resources	expended		July2019
	2018
	£	£	£	£	£
Unrestrictedfunds
Generalfunds	524,523	1,751,771	(1,804,226)		472,068
Designatedfunds	70,212		(39,493)		30,719
	594,735	1,751,771	(1,843,719)		502,787
Restrictedfunds
Headoffice	72,654	319,706	(127,898)		264,462
Footballdevelopment	27,362	284,077	(271,377)		40,062
Learningandskills	37,662	775,434	(734,082)		79,014
Community	104,276	496,319	(371,984)		228,611
Health	9,268	177,495	(157,048)		29,715
Restrictedfunds	251,222	2,053,031	(1,662,389)		641,864
Totalfunds	845,957	3,804,802	(3,506,108)		1,144,651
		Movementinfunds
Company	Balanceat1	Incoming	Resources	Transfers	Balanceat31
	August	resources	expended		July2019
	2018
	£	£	£	£	£
Unrestrictedfunds
Generalfunds	516,092	1,676,845	(1,763,903)		429,034
Designatedfunds	70,212		(39,493)		30,719
	586,304	1,676,845	(1,803,396)		459,753
Restrictedfunds
Headoffice	79,495	319,706	(86,471)		312,730
Footballdevelopment	27,362	284,077	(271,377)		40,062
Learningandskills	37,662	775,434	(734,082)		79,014
Community	104,276	496,319	(371,984)		228,611
Health	9,268	177,495	(157,048)		29,715
Restrictedfunds	258,063	2,053,031	(1,620,962)		690,132
Totalfunds	844,367	3,729,876	(3,424,358)		1,149,885

	Unrestricted	Restricted	Restricted	Total
	funds	funds	funds
		general	NUCASTlE
Group	£	£	£	£
Tangiblefixedassets	110,328		436,559	546,887
Netcurrent assets	565,273	704,616	1,551,004	2,820,893
	675,601	704,616	1,987,563	3,367,780
Charity
Tangiblefixedassets	110,330		75,000	185,330
Netcurrentassets	399,211	865,231	962,563	2,227,005
	509,541	865,231	1,037,563	2,412,335
Fortheyearended31July2019:
		Restricted	Restricted
		funds	funds
	Unrestricted	general	NUCASTlE	Total
	funds
Group	£	£	£	£
Tangiblefixedassets	95,195	75,000		170,195
Netcurrent assets	407,592	412,064	154,800	974,456
	502,787	487,064	154,800	1,144,651
Charity
Tangiblefixedassets	95,197	75,000		170,197
Netcurrentassets	364,556	460,332	154,800	979,688
	459,753	535,332	154,800	1,149,885

Cash generated from operations	2020	2019
	£	£
Surplus fortheyear	2,223,129	298,694
Adjustments for:
Investmentincomerecognisedinstatement offinancialactivities	(2,628)	(5,491)
Donated assets		(75,000)
Depreciationandimpairment oftangiblefixed assets	37,159	25,001
Movementsinworkingcapital:
(Increase)indebtors	(848,979)	(113,905)
Increasel(decrease)in creditors	341,188	(121,309)
Increaseindeferredincome	135,547	364,704
Cash generated from operations	1,885,416	372,694

	2020	2019
	£	£
Withinoneyear	2,500	2,500
Betweenoneandfiveyears	10,000	10,000
Inoverfiveyears	230,000	232,500
	242,500	245,000