2021-07-31-accounts - Newcastle United Foundation

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Trustees	J P B Marshall
	C Alexander
	F Ameobi
	SA Harper
	G Mason
	MF Percy
	MR Thompson
	B Thorpe
Charity number	1124896
Company number	06412345
Registered office	St James' Park
	Newcastle upon Tyne
	Tyne and Wear
	NE1 4ST
Auditor	RSM UK Audit LLP
	Chartered Accountants
	1St James' Gate
	Newcastle upon Tyne
	United Kingdom
	NE14AD
Solicitors	Muckle LLP
	Time Central
	32 Gallowgate
	Newcastle upon Tyne
	NE1 4BF

Theme		How will we know we have achieved it
1 Capital Build& Facilities:	•	State ofthe artcommunityfacility NUCASTLE opens in 2022-the new
		home ofNewcastle United Foundation which will allowthe charityto
Complete the capital build, generate income from sites and grow Newcastle United Foundation community presence	• •	deliver programmeson site, reducing external venue hire, aswell as offering spaceforprivate hire. Lemington Football Centre operationsdeliver a profit, and ajuniorgirls teams' hub isestablished. NU: FuturesCommunity Hubs launched in stakeholdercommunity
		spaces, giving the mostdisadvantaged people in communitiesmore
		oooortunitiesto enaaaewiththe Foundation's lifechanaina proiects.
2 Key Relationships &	•	Grantsmaintainedthrough articulatingthe impactofourprogramme
Communications:	•	delivery. Deliveryofa communicationsplanthatcollaborateswith stakeholdersto
Maintain and develop relationships		demonstrate impactand showcase case studies.
with key stakeholders
3 Systems & Compliance	•	Our Digital plan isdelivered
	•	Ensuring systems integrate including IT, Finance,Website, CRM and HR.
Creating a digital plan and a culture of thinking digital first.	•	Compliance with the Premier League Capability Code of Practice (CCOP).
4 Impact	•	Effective utilisation ofprogrammes
	•	An impactframeworkacross all deliveryprogrammes.
Effectively demonstrate our impact	•	A data packthatcan pull reportsfrom multiple digital systemsto fully demonstrate impact
5 Safeguarding, Quality&	•	A successful Premier League Safeguarding audit.
People	•	A People Plan.
	•	TalentManagementto supportthe identification and developmentof
		staff.
6 Financial forecast	•	Growth in turnover including best,worstand prudentforecasts.
	•	Reduction in raised income and growth in earned income.

	2021	2020
Total incoming resources*	£8.3m	£6.2m
Total outgoing resources	(£3.5m)	(£4.0m)
Net incoming resources**	£4.8m	£2.2m
*Incoming resourcesexcluding NUCASTLE	£4.5m	£4.3m
**Net incoming resourcesexcluding NUCASTLE	£0.9m	£0.4m

	2021	2020
Reserves	£8,114,258	£3,367,780
Designated Reserves	£0	£7,226
Restricted Reserves	£7,163,886	£2,692,179
Unrestricted Fixed Assets	£119,517	£110,328
Free Reserves	£830,855	£558,047

		Unrestricted	Restricted	Restricted	Total	Total
		funds	funds	funds	`2021`	`2020`
			general	NUCASTLE
	Notes	£	£	£	£	£
Income from:
Donations and legacies	3	222,925	387,785	231,000	841,710	1,775,335
Charitable activities	4	1,719,185	2,100,219	3,563,942	7,383,346	4,244,263
Othertrading activities	5	43,425			43,425	203,663
Investments	6	11,594			11,594	2,628
Total income and endowments		1,997,129	2,488,004	3,794,942	8,280,075	6,225,889
Expenditure on:
Raisingfunds	7	74,670	2,645	159	77,474	171,527
Charitable activities	8	1,647,688	1,794,896	13,539	3,456,123	3,831,233
Total resources		1,722,358	1,797,541	13,698	3,533,597	4,002,760
Transfers between funds			(50,000)	50,000
Net movement in funds		274,771	640,463	3,831,244	4,746,478	2,223,129
Total funds broughtforward		675,601	704,616	1,987,563	3,367,780	1,144,651
Total funds carried forward		950,372	1,345,079	5,818,807	8,114,258	3,367,780

		`2021`		`2020`
	Notes	£	£	£	£
Fixed assets
Tangible assets	`13`		4,936,925		546,887
Current assets
Debtors	`15`	1,979,263		1,230,558
Cash atbankand in hand		3,359,762		2,960,074
		5,339,025		4,190,632
Creditors: amounts falling due within	`16`
one year		(2,161,692)		(1,369,739)
Netcurrentassets			3,177,333		2,820,893
Total assets lesscurrentliabilities			8,114,258		3,367,780
Restrictedfunds
NUCASTLE		5,818,807		1,987,563
General restrictedfunds		1,345,079		704,616
	`20`		7.,163,886		2,692,179
Unrestrictedfunds
General unrestricted funds		950,372		668,375
Designatedfunds				7,226
			950,372		675,601
			8,114,258		3,367,780

		2021		2020
	Notes	£	£	£	£
Fixed assets
Tangible assets	13		194,517		185,328
Investments	14		2		2
			194,519		185,330
Current assets
Debtors	15	2,083,455		1,188,277
Cash atbankand in hand		2,250,335		2,261,229
		4,333,790		3,449,506
Creditors: amountsfalling due within	16
oneyear		(1,016,065)		(1,222,501)
Netcurrentassets			3,317,725		2,227,005
Total assets lesscurrentliabilities			3,512,244		2,412,335
Restricted funds
NUCASTLE		1,254,865		1,037,563
General restrictedfunds		1,480,861		865,231
	20		2,735,726		1,902,794
Jnrestricted funds
General unrestricted funds		776,518		502,315
Designated funds				7,226
	20		776,518		509,541
			3,512,244		2,412,335

		`2021`		`2020`
	Notes	£	£	£	£
Cash flows from operating activities
Cash generated from operations	`22`		4,825,834		1,885,416
Investing activities
Purchase of tangible fixed assets		(4,437,740)		(413,851)
Interest received		11,594		2,628
Net cash used in investing activities			(4,426,146)		(411,223)
Net cash used in financing activities
Net increase in cash and cash equivalents			399,688		1,474,193
Cash and cash equivalents at beginning of year			2,960,074		1,485,881
Cash and cash equivalents at end of year			3,359,762		2,960,074

	Unrestricted	Restricted	Restricted	Total	Total
	funds	funds	funds	2021	2020
		general	NUCASTLE
	£	£	£	£	£
Donations and gifts	61,551	125,957		187,508	366,684
Grants received	135,000	261,828	231,000	627,828	1,294,563
Gifts in kind	26,374			26,374	114,088
	222,925	387,785	231,000	841,710	1,775,335
For the year ended 31 July 2020	309,313	502,798	963,224		1,775,335

By source of funding	Unrestricted	Restricted	Restricted	Total	Total
	funds	funds	funds
		general	NUCASTLE	2021	2020
	£	£	£	£	£
Football coaching & education -
fees received	434,157			434,157	451,949
Sale of services as part of
charitable activities	872,467	1,885		874,352	735,476
Contractual payments from
governments or public authorities	149,643	108,013		257,656	223,056
Grants received for the provision
of services	9,086	1,789,022		1,798,108	1,472,724
NUCASTLE			3,563,942	3,563,942	950,000
Job Retention Scheme	253,832	201,299		455,131	411,058
	1,719,185	2,100,219	3,563,942	7,383,346	4,244,263
For the year ended 31 July	1,444,367	1,849,896	950,000		4,244,263

By charitable activity	Unrestricted	Restricted	Restricted	Total	Total
	funds	funds	funds
		general	NUCASTLE	2021	2020
	£	£	£	£	£
Income from:
Football and sports development	422,149	265,467		687,616	694,846
Learning and Skills	982,454	589,851		1,572,305	1,202,811
Community	286,068	721,540		1,007,608	1,092,468
Health	14,310	264,863		279,173	210,218
NU Futures		247,271		247,271	55,951
NUCASTLE			3,563,942	3,563,942	950,000
Other	14,204	11,227		25,431	37,969
	1,719,185	2,100,219	3,563,942	7,383,346	4,244,263

	Unrestricted	Restricted	Total	Total
	funds	funds	2021	2020
	£	£	£	£
Fundraising events	31,301		31,301	162,640
Matchday lottery	12,124		12,124	41,023
Other trading activities	43,425		43,425	203,663
For the year ended 31 July 2020	203,663			203,663

	Unrestricted	Restricted	Total	Total
	funds	funds	2021	2020
	£	£	£	£
Interest receivable	11,594		11,594	2,628
For the year ended 31 July 2020	2,628			2,628

	Unrestricted	Restricted	Restricted	Total	Total
	funds	funds	funds	2021	2020
		general	NUCASTLE
	£	£	£	£	£
Fundraising events	198			198	50,514
Online auctions and sale of goods
and services	1,818			1,818	798
Matchday lottery	2,226			2,226	4,486
Staff costs	66,350			66,350	82,326
Other direct costs	2,494			2,494	6,823
Support costs	1,584	2,645	159	4,388	26,580
	74,670	2,645	159	77,474	171,527
For the year ended 31 July
2020	148,210	18,581	4,736		171,527

Expenditure on charitable activities
	Football and	Learning	Community	Health	NU Futures	Total	Total
	sports	and Skills				2021	2020
	£	£	£	£	£	£	£
Staff costs	411,974	1,029,656	556,981	137,121	146,256	2,281,988	2,472,792
Depreciation and impairment	22,455				-	22,455	19,365
Direct project costs	222,070	217,610	236,090	51,973	23,387	751,130	800,010
Provision of donated tickets and facilities	4,898	10,549	7,177	1,989	1,761	26,374	114,088
		-
	661,397	1,257,815	800,248	191,083	171,404	3,081,947	3,406,255
Share of support costs (see note 9)	65,926	141,996	96,605	26,766	23,707	355,000	413,703
Share of governance costs (see note 9)	3,561	7,670	5,218	1,446	1,281	19,176	11,275
	730,884	1,407,481	902,071	219,295	196,392	3,456,123	3,831,233
							=
Analysis by fund
Unrestricted funds	492,510	828,930	293,394	22,072	10,782	1,647,688
Restricted funds - general	235,860	573,136	604,992	196,202	184,706	1,794,896
Restricted funds - NUCASTLE	2,514	5,416	3,684	1,021	904	13,539
	-
	730,884	1,407,481	902,071	219,295	196,392	3,456,123
		=
For the year ended 31 July 2020
Unrestricted funds	645,631	595,148	365,197	30,114	2,857		1,638,947
Restricted funds	307,527	778,795	742,868	245,192	42,179		2,116,561
Restricted funds - 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

Support costs
	Support	Governance	`2021`	`2020`	Basis of allocation
	costs	costs
	£	£	£	£
Staff and general costs	308,746		308,746	361,823	Income
Depreciation	25,247		25,247	17,794	Income
NUCASTLE costs	25,170		25,170	59,961	Income
Governance costs		19,401	19,401	11,980	Governance
	359,163	19,401	378,564	451,558
Analysed between
Trading	4,163	225	4,388	26,580
Charitable activities	355,000	19,176	374,176	424,978
	359,163	19,401	378,564	451,558


Net movement in funds	`2021`	`2020`
	£	£
Net movement in funds is stated after charging
Fees payable to the company's auditorfor the audit of the company's financial
statements	18,600	17,100
Depreciation of owned tangible fixed assets	47,702	37,159
Operating lease charges	2,500	2,500
Non-audit fees:
Taxation compliance services	2,750	2,500
Other non-audit services	5,200	5,200

	2021	2020
	Number	Number
Football and sports development	20	22
Community	20	18
Learning and skills	43	39
Fundraising	3	3
Support	11	12
Health	5	4
	102	98
Employment costs	2021	2020
	£	£
Wages and salaries	2,502,389	2,652,248
Social security costs	196,176	202,932
Other pension costs	52,068	52,058
Redundancy costs	1,174
	2,751,807	2,907,238

			2021	2020
			Number	Number
£60,001	-	£70,000	1

Tangible fixed assets
Group	Freehold land and buildings	Assets under construction	Plant and equipment	Fixtures and fittings	Computer Motor vehicles equipment		Total
	£	£	£	£	£	£	£
Cost
At 1 August 2020	75,000	361,559	77,674	18,017	58,534	20,203	610,987
Additions		4,380,849		36,454	20,437	-	4,437,740
							--
At 31 July 2021	75,000	4,742,408	77,674	54,471	78,971	20,203	5,048,727
							--
Depreciation and impairment
At 1 August 2020	-		29,101	10,446	20,765	3,788	64,100
Depreciation charged in the year			15,536	6,826	20,289	5,051	47,702
At 31 July 2021			44,637	17,272	41,054	8,839	111,802
Carrying amount
At 31 July 2021	75,000	4,742,408	33,037	37,199	37,917	11,364	4,936,925
At 31 July 2020	75,000	361,559	48,573	7,571	37,769	16,415	546,887

Freehold land	Plant and	Fixtures and	Computer Motor vehicles	Computer Motor vehicles	Total
and buildings	equipment	fittings	equipment
	£	£	£	£	£
75,000	77,674	18,017	58,534	20,203	249,428
		36,454	20,437		56,891
					--
75,000	77,674	54,471	78,971	20,203	306,319
	29,101	10,446	20,765	3,788	64,100
	15,536	6,826	20,289	5,051	47,702
	--
	44,637	17,272	41,054	8,839	111,802
75,000	33,037	37,199	37,917	11,364	194,517
75,000	48,573	7,571	37,769	16,415	185,328

	Shares in group	Shares in group
		undertakings
		£
Cost
At 1 August 2020 & 31 July 2021		2
Carrying amount
At 31 July 2021		2
At 31 July 2020		2
Newcastle United Foundation Projects Limited:
	`2021`	`2020`
Summary Statement of Comprehensive Income	£	£
Income	123,342	86,091
Expenditure	(37,206)	(104,980)
	86,226	(18,889)
Taxation
Net profit after tax	86,226	(18,889)
	`2021`	`2020`
The assets and liabilities of the subsidiary were:	£	£
Fixed assets	4,742,408	361,559
Current assets	2,344,987	902,812
Creditors: amounts falling due within one year	(1,150,053)	(147,238)
Creditors: amounts falling due after more than one year	(5,901,893)	(1,161,745)
Total net assets	35,449	(44,612)
Aggregated share capital and reserves	35,449	(44,612)

Newcastle United Women's Football Club Limited:
	`2021`	`2020`
Summary Statement of Comprehensive Income	£	£
Turnover	31,197	40,515
Expenses	(28,628)	(40,458)
	2,569	57
Taxation
Net profit after tax	2,569	57
	`2021`	`2020`
The assets and liabilities of the subsidiary were:	£	£
Current assets	37,856	13,053
Creditors: amounts falling due within one year	(35,229)	(12,995)
Total net assets	2,627	58
Aggregated share capital and reserves	2,627	58

Debtors
	Group		Charity
	`2021`	`2020`	`2021`	`2020`
Amounts falling due within one year:	£	£	£	£
Trade debtors	95,143	232,886	95,143	28,919
Amounts due from group undertakings		13,053	16,866	12,995
Other debtors	223,545	1
Prepayments and accrued income	1,660,575	984,618	603,069	984,618
	1,979,263	1,230,558	715,078	1,026,532
	`2021`	`2020`	`2021`	`2020`
Amounts falling due after more than one	£	£	£	£
year:
Amounts due from group undertakings			1,368,377	161,745
Total debtors	1,979,263	1,230,558	2,083,455	1,188,277

		Group		Charity
		`2021`	`2020`	`2021`	`2020`
	Notes	£	£	£	£
Trade creditors		1,042,983	17,175	21,689	9,735
Amounts due to Newcastle United Football
Company Limited		20,701	22,786	20,701	22,786
Other taxation and social
security		121,573	79,295	121,573	43,745
Other creditors			22,899		22,899
Accruals		149,929	453,817	136,529	444,487
Deferred income	17	826,506	773,767	715,573	678,849
		2,161,692	1,369,739	1,016,065	1,222,501


Group	`2021`	`2020`
	£	£
Balance as at 1 August 2020	773,767	638,220
Released from previous years	(697,745)	(537,028)
Resources deferred in the year	750,484	672,575
	826,506	773,767
Charity	`2021`	`2020`
	£	£
Balance as at 1 August 2020	678,849	607,189
Released from previous years	(602,827)	(505,997)
Resources deferred in the year	639,551	577,657
	715,573	678,849

Financial instruments	`2021`	`2020`
	£	£
Carrying amount of financial assets
Debt instruments measured at amortised cost	806,702	1,153,349
Carrying amount of financial liabilities
Measured at amortised cost	1,213,613	516,667

For the year ended 31 July	2021:
		Movement in funds
Group	Balance at 1	Incoming	Resources	Transfers	Balance at 31
	August 2020	resources	expended		July 2021
	£	£	£	£	£
Unrestricted funds
General funds	668,375	1,997,129	(1,722,358)	7,226	950,372
Designated funds	7,226			(7,226)
	675,601	1,997,129	(1,722,358)		950,372
Restricted funds
Head office	61,633	273,055	(228,223)		106,465
Football development	76,275	298,314	(193,969)		180,620
Learning and skills	158,867	638,869	(482,906)		314,830
Community	377,540	742,228	(543,607)		576,161
Health	7,618	269,113	(179,194)		97,537
NU Futures	22,683	266,425	(169,642)	(50,000)	69,466
NUCASTLE	1,987,563	3,794,942	(13,698)	50,000	5,818,807
Restricted funds	2,692,179	6,282,946	(1,811,239)		7,163,886
Total funds	3,367,780	8,280,075	(3,533,596)		8,114,258
		Movement in funds
Company	Balance at 1	Incoming	Resources	Transfers	Balance at 31
	August 2020	resources	expended		July 2021
	£	£	£	£	£
Unrestricted funds
General funds	502,315	2,005,442	(1,738,465)	7,226	776,518
Designated funds	7,226			(7,226)
	509,541	2,005,442	(1,738,465)		776,518
Restricted funds
Head office	235,373	273,055	(154,812)		353,616
Football development	113,150	268,405	(193,969)		187,586
Learning and skills	158,867	578,869	(482,907)		254,829
Community	377,540	742,228	(543,607)		576,161
Health	7,618	269,113	(179,194)		97,537
NU Futures	(27,317)	208,091	(169,642)		11,132
NUCASTLE	1,037,563	231,000	(13,698)		1,254,865
Restricted funds	1,902,794	2,570,761	(1,737,829)		2,735,726
Total funds	2,412,335	4,576,203	(3,476,294)		3,512,244

Analysis of charitable funds (Continued)	Analysis of charitable funds (Continued)
For the year ended 31 July 2020:
		Movement in funds
Group	Balance at 1	Incoming	Resources	Transfers	Balance at 31
	August 2019	resources	expended		July 2020
	£	£	£	£	£
Unrestricted funds
General funds	472,068	1,959,971	(1,763,664)		668,375
Designated funds	30,719		(23,493)		7,226
	502,787	1,959,971	(1,787,157)		675,601
Restricted funds
Head office	109,662	267,637	(315,666)		61,633
Football development	40,062	280,347	(244,134)		76,275
Learning and skills	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
NU Futures		59,758	(37,075)		22,683
NUCASTLE	154,800	1,913,224	(80,461)		1,987,563
Restricted funds	641,864	4,265,918	(2,215,603)		2,692,179
Total funds	1,144,651	6,225,889	(4,002,760)		3,367,780
		Movement in funds
Company	Balance at 1	Incoming	Resources	Transfers	Balance at 31
	August 2019	resources	expended		July 2020
	£	£	£	£	£
Unrestricted funds
General funds	429,034	1,820,916	(1,747,635)		502,315
Designated funds	30,719		(23,493)		7,226
	459,753	1,820,916	(1,771,128)		509,541
Restricted funds
Head office	157,930	267,637	(190,194)		235,373
Football development	40,062	317,221	(244,133)		113,150
Learning and skills	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
NU Futures		9,758	(37,075)		(27,317)
NUCASTLE	154,800	963,224	(80,461)		1,037,563
Restricted funds	690,132	3,302,792	(2,090,130)		1,902,794
Total funds	1,149,885	5,123,708	(3,861,258)		2,412,335

	Unrestricted	Restricted	Restricted	Total
	funds	funds	funds
		general	NUCASTLE
Group	£	£	£	£
Tangible fixed assets	194,517		4,742,408	4,936,925
Net current assets	755,855	1,345,079	1,076,399	3,177,333
	950,372	1,345,079	5,818,807	8,114,258
Charity
Tangible fixed assets	119,519		75,000	194,519
Net current assets	656,999	1,480,861	1,179,865	3,317,725
	776,518	1,480,861	1,254,865	3,512,244
For the year ended 31 July 2020:
		Restricted	Restricted
		funds	funds
	Unrestricted	general	NUCASTLE	Total
	funds
Group	£	£	£	£
Tangible fixed assets	110,328		436,559	546,887
Net current assets	565,273	704,616	1,551,004	2,820,893
	675,601	704,616	1,987,563	3,367,780
Charity
Tangible fixed assets	110,330		75,000	185,330
Net current assets	399,211	865,231	962,563	2,227,005
	509,541	865,231	1,037,563	2,412,335

Cash generated from operations	`2021`	`2020`
	£	£
Surplus for the year	4,746,478	2,223,129
Adjustments for:
Investment income recognised in statement of financial activities	(11,594)	(2,628)
Donated assets		(75,000)
Depreciation and impairment of tangible fixed assets	47,702	37,159
Movements in working capital:
(Increase) in debtors	(748,705)	(848,979)
Increase in creditors	739,214	341,188
Increase in deferred income	52,739	135,547
Cash generated from operations	4,825,834	1,810,416

	`2021`	`2020`
	£	£
Within one year	2,500	2,500
Between one and five years	10,000	10,000
In over five years	227,500	230,000
	240,000	242,500