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2022-06-30-accounts

**COMPANY

REGISTRATION NUMBER: 08352024 CHARITY REGISTRATION NUMBER: 1150458**

THE PLAYERS FOUNDATION (Formerly The Professional Footballers’ Association Charity) (COMPANY LIMITED BY GUARANTEE)

**REPORT

AND FINANCIAL STATEMENTS**

YEAR ENDED 30 JUNE 2022

THE PLAYERS FOUNDATION

**(COMPANY

LIMITED BY GUARANTEE)**

**FINANCIAL

STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**

Page
Legal and Administrative Information 1-2
Trustees’ Annual Report (Incorporating the Strategic and Director’s Reports) 3-39
Independent Auditor’s report to the Members 40-43
Statement of Financial Activities (including Income and Expenditure Account) 44
Statement of Financial Position 45
Statement of Cash Flows 46
Notes to the Financial Statements 47-63

**THE

PLAYERS FOUNDATION**

(COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) FOR THE YEAR ENDED 30 JUNE 2022

Legal, reference and administrative information – for the year ended 30 June 2022

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|||| |---|---|---| |Other name used:|The Players Foundation|Charity| |Registered Charity number:|1150458| |Registered Company number:|08352024| |Registered Office|:|c/o Brabners, Horton House, Exchange Flags, Liverpool, L2 3YL| |Trustees:|Mr B Batson OBE (co-­‐opted Trustee) – Chair| |Mr G Crooks OBE (co-­‐opted Trustee)| |Mr G Griffiths (co-­‐opted Trustee)| |Mr D Wilson (ex-­‐officio Trustee) resigned 1 July 2022| |Mrs J Newcombe (nominated Trustee)| |Mrs M Shafaq (nominated Trustee)| |Mr J Walters (co-­‐opted Trustee) appointed 14 June 2022| |Mr M Prothero (co-­‐opted Trustee) appointed 14 June 2022| |Key Management|:| |Clerk to the Trustees:|Mr S Claus| |Director of Finance:|Mr D Wilson| |Deputy Chief Executive:|Mr J Bramhall| |Head of Player Welfare:|Dr M Bennett| |Our Advisors:| |External Auditors:|Beever and Struthers, Statutory Auditor,| |One Express, 1 George Leigh Street, Manchester, M4 5DL| |Statutory Accounts|Beever and Struthers,| |Preparation:|One Express, 1 George Leigh Street, Manchester, M4 5DL| |Bankers:|Royal Bank of Scotland,| |St Ann Street, Manchester, M60 2SS| |Solicitors:|Centrefield LLP,| |7 Constance Street, Knott Mill, Manchester, M15 4JQ| |Brabners LLP,| |Horton House, Exchange Flags, Liverpool L2 3YL|

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THE PLAYERS FOUNDATION

(COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

FOR THE YEAR ENDED 30 JUNE 2022

Our Advisors: Investment Brokers: Investec Wealth and Investment, 7 Ralli Courts, West Riverside, Manchester M3 5FT

Pro Sport Wealth Management Limited, The Grants, 11 Market Place, Ramsbottom, Bury, BL10 9AJ Aberdeen Standard Capital, Minerva House, 29 East Parade, Leeds, LS1 5PS

AJ Bell, AJ Bell Investcentre, 4 Exchange Quay, Salford Quays, Manchester, M5 3EE

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**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

The Trustees present their annual Trustees’ report and audited financial statements for the Charity for the year ended 30 June 2022 which are also prepared to meet the requirements for a strategic and directors’ report and accounts for Companies Act purposes.

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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

**Our

objectives and activities**

The objectives of the Charity are:

Without prejudice to the generality of the forgoing in particular by undertaking education by vocational training so as to equip them with the necessary skills and knowledge enabling them to gain employment once their careers as professional footballers has ceased, and for the avoidance of doubt this includes the education and training of young people wishing to become professional footballers;

The above objectives refer to beneficiaries who are trainee footballers; young persons registered with the professional football academies associated with a club or centres of excellence associated with a club wishing to pursue a career as a professional footballer; former trainee professional footballers and former professional footballers.

The remaining objectives refer to beneficiaries who are the public at large;

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**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

It is noted that in the delivery of its activities, the Charity has received, free of any charge, some donated services from The Professional Footballers’ Association Union (“the Union”). The Union’s staff and management team (of which Mr D Wilson – was an ex-­‐officio Trustee of the Charity for the period under review) is highly experienced in the delivery of activities of the nature funded and provided by the Charity. Where reference is made in this Report to the Charity’s activities it is acknowledged that some of the activities are funded, overseen, and monitored by the Charity but delivered on behalf of the Charity by the Union’s key management team. This is the last year in which the operations will have been delivered in this way. However, as the Charity has agreed with the Union, many of the activities will now be both funded and delivered by the Union directly, and the Charity will cease to be involved in those activities (some of which) were transferred from 1[st] July 2021 with complete delineation achieved by 30[th] June 2022.

The Charity helps support beneficiaries both during their football career and beyond.

The activities of the Charity, carried out in pursuit of its charitable objects include:

Community

The Charity received a restricted grant of £4.4 million from the Union and therefore extended its support in this area.

The Charity also made a restricted fund grant for Education of £2.2 million to the Union for one year.

Therefore, a wide range of community-­‐related programmes focusing on areas such as health, education, social inclusion, equalities, and encouraging and supporting sports participation is reported upon, as well as Education below.

Key objectives of the Charity’s community-­‐related activities are:

Education

The Charity identifies that many footballers will have to earn their living outside the football arena once their playing careers come to an end.

The Educational work encourages as many beneficiaries as possible to undertake suitable academic / vocational qualifications to develop career prospects. The Charity has provided a grant to the Union to encourage beneficiaries to undertake courses leading to a recognised qualification.

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**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

Educational courses this year were funded by the Charity by way of a restricted grant to the Union and include for example:

In addition to non-­‐football related education, the Charity also funds a range of football / sport-­‐related educational courses by way of grant to the Union including:

This educational activity provides an important opportunity for beneficiaries (some of whom may have been playing professional football since the age of 16 years) to develop their education in a manner that will provide career pathways for them at the end of their playing careers.

Equalities

The Charity supports inclusion in all areas and is working towards an equal playing field for all.

The equality-­‐related activities funded by the Charity focus on six characteristics: Age; Disability; Faith; Gender; Race; and Sexuality.

The Charity co-­‐funds Kick It Out (a registered charity) and fellow campaigning group Show Racism the Red Card (a registered Charity) using players to educate and inspire.

It also supports work to eradicate online abuse of players.

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**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS ) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

_**Player

Welfare**_

The Charity funds the provision of a 24/7 counselling telephone helpline for beneficiaries. Beneficiaries can also access a nation-­‐wide network of over 240 fully trained counsellors many of whom have played professional sport and understand the emotional roller-­‐coaster that this entails.

Wellbeing activities also offer continued support and funding through the Sporting Chance Clinic (“Sporting Chance”). This has developed into one of the world's most innovative centres for the treatment of behavioural problems and is now an integral tool for beneficiaries providing a safe, dedicated environment, where sportspersons receive support and counselling for the kinds of destructive behaviour patterns that exist in the world of competitive sport, but that are often denied.

Sporting Chance provides a holistic approach to recovery recognising the need for treatment of the body, mind and spirit as well as understanding the specific problems that high-­‐level, high-­‐profile sport can bring, providing expert guidance to beneficiaries in need of help in a non-­‐judgemental atmosphere of peace, understanding and strict anonymity.

Treatment at Sporting Chance ranges from residential courses, one to one counselling or if geography is an obstacle supports a referral to an affiliated service.

Benevolent

The Charity wishes to offer assistance to beneficiaries meeting the qualifying criteria who encounter financial hardship and have funds for this purpose.

The Charity intends to continue with this grant programme for eligible beneficiaries, in order to ensure that trainee professional footballers; young persons registered with professional football academies associated with clubs or centre of excellence; current professional footballers; former professional footballers and former trainee professional footballers can be helped if in need.

The aim is to treat all beneficiaries who apply for a grant equally.

For the purpose of this fund the Charity define hardship as the possibility of losing one's home due to mortgage or rent arrears, having the bailiffs sent in or other equally serious financial problems. The Charity will consider any appeal for help but once a decision is reached it is normally final and binding.

Grants are given on the grounds of financial hardship. The Charity are not normally able to make loans to beneficiaries and we wish to make it clear that the Charity cannot pay for:

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6

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

The above is a non-­‐exhaustive list provided to give some examples of areas that the Trustees cannot support.

The Charity intend to make payments whenever possible direct to the third-­‐party creditor and would always expect any grant to be used for the purpose it was intended for.

Before any grant can be made a grant-­‐application form must be completed to help the Trustees assess the need.

Grants may be made only up to a maximum amount decided by the Trustees of the Charity whose decision as to the current maximum is final and binding. At any time, the amount can be increased or decreased as the Charity continually assesses the financial position of the fund. When individuals have reached the maximum grant payable they are informed.

All grants are made at the discretion of the Trustees of the Charity.

_**Neuro-­‐Degenerative

Diseases**_

The Charity has an increasing concern for beneficiaries who are now living with this type of disease. The Trustees are empathetic in respect of those beneficiaries and their dependants, who experience this type of situation. Although not exclusively, the majority of our work in this area involves those who live with dementia.

The Charity funds an experienced welfare rights worker who can assist people with their entitlements under law, to a range of welfare benefits and other services.

Often support is just having someone to speak to, and we can do that. Other people have more complex needs, and we have engaged the services of DISC dementia support to offer as much practical support as possible. DISC assist the Trustees with the assessment of non-­‐financial need and provide counselling and training support to relatives.

We are able to receive and process in appropriate cases, applications for financial support in respect of property adjustments and the like, for those who require such help.

Sadly, we are now experiencing an increase in such cases coming to our attention. Whilst we cannot offer support with residential care or nursing home fees, we endeavour to assist in any way we can, subject to our published grant criteria.

_**Other

activities**_

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**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

The results of research funded in respect of Chronic Traumatic Encephalopathy (CTE) are expected in the next financial year.

_**Heritage

Assets**_

The Charity collects from time-­‐to-­‐time appropriate heritage assets which contributes to the history and development of the game of football.

Memorabilia is considered to be a heritage asset, and some has been on display in the Lowry Art Gallery, some at the National Football Museum, and some at the Peoples History Museum. Furthermore, if beneficiaries make an arrangement with the officers of the Charity, as they can afford access to the appropriate memorabilia within the Union’s offices, then those beneficiaries can come along and review any memorabilia that is currently not on display at the above identified venues. During this financial year, some of these assets have been disposed of to help fund the work of the Charity going forward. The Charity has had to reorganise its finances as the Union is no longer providing any funding for the Charity.

_**Grant

making policy**_

We have a clear policy which was reviewed in the last financial year. The Charity makes substantial grants to a range of charitable organisations, as well as to individuals, in pursuit of its charitable objects. The Charity’s grant making policy is designed to ensure that the way in which the Charity provides grants is monitored to ensure that:

The policy also sets out the priorities for support, principles, criteria, and processes that govern how the Charity provides grants. The number of projects which can be supported by grant funding from the Charity is, of necessity, limited to the amount of funds available for distribution in any year. However, the Trustees have identified priorities such as the provision of financial support for long standing projects relating to youth development, anti-­‐discrimination along with charitable community work.

Decisions as to the making of grants by the Charity are made by the Trustees and where appropriate, agreements are entered into with grant recipients in order to set out the intended use of the funds, the reporting obligations placed on the recipient and other provisions designed to ensure the charitable use of the Charity’s funds and to protect the Charity’s interest.

8 8

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

_**Public

benefit**_

ln shaping the Charity objectives for the year and planning its activities, the Trustees' have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a Charity (PB2)'. The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission and consider that all the areas of The Players Foundation – Community, Education, Equality, Player Welfare and Benevolent —are for the public benefit.

**Structure,

Governance and Management**

_**Governing

Document**_

The Professional Footballers’ Association Charity (Now the Players Foundation) is a private charitable company limited by guarantee, incorporated on 8 January 2013 and registered as a Charity on 11 January 2013.

The company was established under a Memorandum of Association which established the powers of the charitable company and is governed under its Articles of Association. The Articles have been thoroughly reviewed in the course of this year and updated as appropriate.

_**Organisation

and decision-­‐making**_

The Board of Trustees (who are also directors for the purposes of Company Law), which can have up to nine members, administers the Charity. The Trustees have independent control over, and legal responsibility for, the Charity’s management and administration and are ultimately responsible for all its activities.

The Charity delivers much of its activities via arrangements with the Union. More particularly, the Charity engages the Union (now free of charge) to provide some of its management and operational support in the delivery of the charitable programmes and other activities. This support will end in the next financial year.

Day to day decisions are taken by the staff and management team employed by the Union but only to the extent that those decisions are made pursuant to the strategy and direction agreed by the Board of Trustees of the Charity and as communicated to the Union as part of the delivery arrangements. The Trustees retain overall control over the Charity’s activities and can at any time direct the Union and its staff to either take or refrain from taking a particular course of action. The Charity has now engaged a Clerk to advise the Trustees on the operations and controls for the delivery arrangements by the Unions staff, which are now much reduced when compared to previous years.

The day-­‐to-­‐day activities of the Charity are reported to the Trustees in great depth at each meeting of the Trustees by their Clerk with the information packs provided to the Trustees ahead of each board meeting containing significant information as to all activities carried out both by the Union on the Charity’s behalf, and now by the Charity directly. The Clerk reports any decisions that may have been taken in relation to the delivery of the charitable objects.

Furthermore, a scheme of delegation as between the Board of Trustees and the Clerk to the Trustees exists which sets out the extent of the authority that the Clerk to the Trustees has in

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**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

relation to the Charity’s activities and the expenditure of its funds, as well as the decisions that must always be referred to the Charity Trustees. For example, any expenditure by the Charity’s funds must fall within the budgets agreed by the Trustees and any outside of budget must be approved by the Trustees.

_**Appointment

of trustees**_

Trustees are appointed in accordance with the Charity’s Memorandum and Articles of Association. The Trustees as Charity Trustees have control of the Charity and its property and funds.

There shall be:

Up to nine co-­‐opted Trustees.

The appointment of a Trustee must be made by the Trustees at a meeting of the Trustees.

The change in year to the formulation of the Board is considered in the interests of the Charity in its new relationship with the Union.

_**Trustee

induction and training**_

Upon a person’s appointment as a Trustee of the Charity, he or she is provided with a comprehensive pack containing a range of information concerning the Charity, its purposes, governing document, and activities. The Trustee induction packs also include information concerning Charity Trusteeship, the duties and responsibilities that apply and a code of conduct that must be complied with at all times by the Trustees.

In addition to this, Trustees are also required to sign a declaration of their eligibility and willingness to act as a Trustee of the Charity, ensuring that so far as possible no trustees are appointed who may be disqualified from acting.

The Charity also has a range of policies that are made available to the Trustees on matters such as:

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**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

Trustees receive training on their duties and responsibilities as Charity Trustees and ensure that external advice is taken where appropriate.

_**Relationships

between the Charity and related parties**_

The Charity has a range of relationships with third party organisations in furtherance of its objectives. These include:

_**Pay

policy**_

As noted above, the Charity delivers some of its activities via arrangements with the Union and has engaged the Union to provide management and operational support in the delivery of some of the Charity’s charitable programmes and other activities.

The Charity does not itself employ any staff. During the current financial year some of these services have continued to be provided to the Charity free of charge (as “donated services”), this interim arrangement being reached until such time as the Trustees new strategy is finalised, (this process is continually evolving). The ongoing Charity Commission Inquiry is aware of these plans and is kept appraised of the delivery of the new strategy.

11 11

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

_**Risk

management**_

The Trustees have a risk management policy which comprises:

To support this, the Trustees maintain and monitor a risk register which sets out the various risks that are considered relevant to the Charity. This approach ensures contingency planning, scenario planning and the development of strategies that enables the Charity to respond to any risk events and / or issues that might impact on the Charity’s work.

The following key risks have been identified by the Trustees:

1. Reputational – the Charity remains subject to a statutory inquiry by the Charity Commission for England and Wales which opened in December 2019.

We reported last year that this had resulted in the Charity suffering some adverse comment in the press and other public forums. This has been much reduced in the current year. The Trustees remain very closely involved in the statutory inquiry process. The statutory inquiry is not in itself a determination by the regulator of wrong-­‐doing and at this stage the Trustees are assisting the Charity Commission in its examination of the issues of regulatory concern in greater detail. The Trustees are taking extensive legal, accountancy and other forms of advice in relation to the statutory inquiry and active steps are being taken to protect the Charity’s reputation (so far as is possible) during the process. The Charity Commission inquiry is still ongoing, and the Charity was advised it was to be issued with a Statutory Warning Notice and has made representations in respect of this. At the end of June 2022, that matter was not yet finalised but was in September 2022, when a revised Notice was issued alleging mismanagement on three grounds only, acknowledging steps were already taken to address the issues. We await closure of the Inquiry.

2. Safeguarding – whilst the Charity does not itself employ staff to work with children or adults at risk, the Charity provides significant funding to projects and activities involving children and adults at risk as beneficiaries. The Trustees ensure that where such projects and activities are funded by the Charity, the delivery organisation has proper processes and protections in place to safeguard children and adults at risk from harm.

3. Financial – the Charity no longer receives as part of a new strategy (by agreement with the Union and the Premier League) funding from the Premier League, or from the Football Association or the English Football League to support its activities directly. This funding is now receivable by the Union. All current activities of the Charity continue with some now delivered and paid for directly by the Union. Funding arrangements for the Charity are now a matter of application to the Union. In this financial year the remainder of activities not already transferred to the Union moved across, but the Charity shall remain engaged in those areas in which funding

12 12

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

is available and in particular expects to continue with benevolent grants, and in helping people with neuro-­‐degenerative diseases.

Other community-­‐based projects as funding permits, will also be funded.

**Strategic

Report**

**Achievements

and performance**

Grants

During the year the Charity made grants both to individuals, to third parties on behalf of individuals and to organisations totalling circa £7.63 Million (note 13 refers).

The education of many young beneficiaries has been assisted through this provision. People in severe financial or other need have been assisted with grants paid either to them or as appropriate to third parties on their behalf. Many people in severe financial or other need would not have had their needs met without this provision.

Assistance has included debt advice or advice and counselling in respect of addiction issues, help with home adjustments to accommodate disability. Other grants made have supported anti-­‐racism initiatives or the establishment in life of young people by supporting initiatives that help with an understanding of how to behave thus avoiding anti-­‐social behavioural issues.

Community

Despite the pandemic and with several restrictions still in place on the playing side during the 2021/22 campaign there was still some hugely positive and inspiring activity provided by our beneficiaries all over the country. All sections of our beneficiaries, from our young scholars and development squad players, right through to both the senior Men’s and Women’s team, played their part with over 16,000 visits during the season. Former players also played their part engaging and supporting many worthy causes. More appearances developed into face-­‐to-­‐face activity, with player safety still very much a key consideration. The participants welcomed having the opportunity to meet their hero’s personally, but also the players particularly enjoyed the informal element of meeting the football clubs wide ranging fan base. Feedback from all the players collectively was that it was great to be back engaged.

13 13

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

Education Health Social Inclusion
**AntiRacism/ **
Racial
Awareness		 Girls/Women Soccer Schools Disabilities Presentations Matchday Training
Ground
Other(Charity		 ,
Hospital Visits
etc)		 COVID-19 Total
1,130 818 770 1,236 784 1,224 538 1,008 3,716 1,608 2,493 1,188 16,513

----- Start of picture text -----
Community Player Engagement 2021/22
4000
3500
3000
2500
2000
1500
1000
500
0
----- End of picture text -----

The focus for player activity has continued at many clubs through helping those who continue to be affected by the pandemic and the current economic climate, ranging from a Holiday Activities and Food Programme [HAF] instigated by Marcus Rashford’s MBE outstanding campaigning and lobbying at the highest level, to players acting as Wellbeing Ambassadors to support the Community, whose mental health has been heightened due to the social issues of the current times. Other areas included continuing to support Foodbanks and engagement programmes for refugees and asylum seekers which included fundraising and campaign support by players and squads to help the many families so greatly affected by the unlawful war in Ukraine.

With support from the huge network of Club Community Organisations [CCO’s] that the Charity provided substantial funding for, players impact at local club level saw them engaged in all our key targeted areas of work including education, health and wellbeing, social inclusion, equality diversity and inclusion and its associated campaigns plus involvement with many Communities and individuals that are in vulnerable situations and isolated. Club Community Organisations are a vital network to ensure that our beneficiaries continue to be supported around their engagement off the pitch so they can influence, inspire, and make a real difference with their participation.

The Charity were also hugely proud of our beneficiaries who were recognised in the Queen Elizabeth’s Platinum Jubilee Honours List for their outstanding efforts both on and off the field. James Milner MBE, Gareth Bale MBE and former players Rio Ferdinand OBE, Luther Blissett OBE, and Mike Summerbee OBE. James and Rio through their respective Foundations have provided support

14 14

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

for many worthy causes and have had a real focus on resources for younger people to help them improve their life opportunities particularly those most in need.

**Governance

& Data Collection**

Recent times has challenged everyone with the continued need to be adaptable and resourceful. On the player engagement side this has been mirrored with the continued issues with the pandemic during the 2021/22 season in relation to training and league fixtures.

Our funding has continued to support the overarching Governance within Club Community Organisation [CCO] through a new 3-­‐year Capability Code of Practice [CCOP] with all Premier League and EFL member club’s. The Union’s Community Team was involved in the consultation process of this new arrangement which included important areas of governance – Legal Structure, Affiliation with the Club, Governance and the Board, Safeguarding, Equality, Diversity, and Inclusion and Environmental sustainability something that is very much of huge importance in the future.

The Union’s CSR Departments 11-­‐point plan for player engagement has been adapted and is included as part of the Capability Code of Practice. Areas of focus for clubs include Action Plans with clear objectives for beneficiary engagement within Community activities and player surveys to profile and signpost players to activities that they have a passion and interest for.

This year has seen more of a balance between virtual and face-­‐to-­‐face visits. It is envisaged that the 2022/23 campaign will see the engagement of our beneficiaries out in the Community increase with all restrictions now lifted. One highlight from this year saw the players engaged right across the country in the EFL’s first ever Week of Action where clubs showcased collectively the support of the network engaging with some of the most vulnerable members of society. The players played a huge part in the week highlighting the important role they play in inspiring and influencing their respective Communities. The week was a great way of celebrating our beneficiary’s contribution and demonstrating the remarkable difference clubs have on their Communities off the pitch.

Activities during the week included players supporting various education projects, young adults at risk of offending, support for the Armed Forces Veterans, amputee football sessions, FIT Fans sessions, Wellbeing and Mental Health activities and supporting older adults who were at risk of isolation to get active and engaged.

One of the key programme investments for the Charity is the PL/PFA Community Fund and once again the Fund excelled in delivery with 36,017 sessions and 2,630 events engaging a total of 27,618 participants of which 39% were female, 30% were from diverse ethnic backgrounds. Delivery took place in 1,316 different venues with 47% of delivery located within the top 30% of indices of multiple deprivation. One other programme that the Charity supported is the Premier League Inspires Project focused on supporting young people and it was hugely encouraging to see that the engagement of club scholars has increased from 205 appearances a year to 401 – our young beneficiaries making an impact and inspiring the next generation.

In the National League, the Charities funding provided grants to support 37 Community projects which included work with those at risk of anti-­‐social behaviour, support on various health programmes with advice around diet and exercise and activities in support of environmental issues.

15 15

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

During the season 13,240 sessions and events took place producing 17,360 hours of activity with over 230,000 attendances. 640 Schools also took part in an annual primary schools’ tournament. Many of our beneficiaries play their football in the National League and had an active part to play in support of the wide-­‐ranging activities that took place at local club level.

**Club

Community Link Office**

A key development within the work of the Premier League/PFA Community partnership has seen the progress of several Club Community Link Officer roles and resources to foster better relationships and processes with the club on the player engagement agenda. Focused particularly on the involvement and support for young players to engage in meaningful and purposeful activities that they have an interest in. Clubs that have already taken part in the programme include Fulham, Brighton & Hove Albion, AFC Bournemouth and Leeds United where former Leeds United player Ben Parker has made a great impact. New clubs coming on board include Brentford, Arsenal and Nottingham Forest and we see this role moving forward being ideally suited for a former player like Ben that has that personal knowledge and experience within the game.

**Charity

Partners**

Our national Charity partners continue to influence and educate both the Community and the game in the form of Charities like Show Racism the Red Card who educate the next generation around inequalities and racism through our beneficiaries. We continue to work with Kick it Out, particularly from a footballing stakeholders’ point of view and within their national campaigns.

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THE PLAYERS FOUNDATION

(COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

**Community

Champions**

Once again during the 2021/22 Campaign 115 players have been recognised for their outstanding contribution away from the pitch. It is fantastic to see the range of players who have received the Community Champions Award from young professional players to senior players, all contributing to make a big difference. The number of nominated Women players at local club level continues to increase and we are sure this will develop particularly with the outstanding success of the England Women’s Team in UEFA Women’s Championship 2022.

Club Div Player
Arsenal FC PL Emile Smith Rowe
Aston Villa FC PL Tyrone Mings
Brentford FC PL Salma Mahamud
Brighton & Hove Albion FC PL Adam Lallana
Burnley FC PL Josh Brownhill
Chelsea FC PL César Azpilicueta
Crystal Palace FC PL Nathan Ferguson
Everton FC PL Tom Davies
Leeds United FC PL Tyler Roberts
Leicester City FC PL Luke Thomas
Liverpool FC PL HarveyElliott
Manchester City FC PL John Stones
Manchester United FC PL Bruno Fernandes
Norwich City FC PL Angus Gunn
Southampton FC PL Jack Stephens
Tottenham Hotspur FC PL Eric Dier
Watford FC PL Christian Kabasele
West Ham United FC PL Ben Johnson
Wolverhampton Wanderers FC PL Jose Sa
Club Div Player
AFC Bournemouth FLC Lewis Cook
Barnsley FC FLC Daniel Jinadu
Birmingham City FC FLC Neil Etheridge
Blackburn Rovers FC FLC Tyrhys Dolan
Blackpool FC FLC Jordan Gabriel
Bristol City FC FLC Han-Noah Massengo
Cardiff City FC FLC Will Vaulks
Coventry City FC FLC Liam Kelly
Derby County FC FLC Curtis Davies
Fulham FC FLC Tim Ream
Huddersfield Town FC FLC Josh Koroma
Hull City FC FLC George Honeyman
Luton Town FC FLC Kai Naismith

17 17

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

Middlesbrough FC FLC Matt Crooks
Millwall FC FLC BillyMitchell
Nottingham Forest FC FLC Scott McKenna
Preston North End FC FLC Bambo Diaby
Queens Park Rangers FC FLC Charlie Austin
Sheffield United FC FLC BillySharp
Stoke City FC FLC Jacob Brown
Swansea City FC FLC Michael Obafemi
West Bromwich Albion FLC Conor Townsend
Club Div Player
Accrington Stanley FL1 Ross Sykes
AFC Wimbledon FL1 Paul Osew
Bolton Wanderers FC FL1 Amadou Bakayoko
Burton Albion FC FL1 John Brayford
Cambridge United FL1 HarveyKnibbs
Charlton Athletic FC FL1 Ryan Inniss
Cheltenham Town FC FL1 Sean Long
Crewe Alexandra FC FL1 David Richards
Doncaster Rovers FC FL1 Jon Taylor
Fleetwood Town FC FL1 Alex Cairns
Ipswich Town FC FL1 Conor Champlin
Lincoln City FL1 Lasse Sorensen
Milton Keynes Dons FC FL1 Dean Lewington
Morecambe FC FL1 Liam Gibson
Oxford United FC FL1 Jack Stevens
Plymouth Argyle FC FL1 Conor Grant
Rotherham United FC FL1 Michael Smith
Sheffield Wednesday FC FL1 BarryBannan
Shrewsbury Town FC FL1 HarryBurgoyne
Sunderland FC FL1 BaileyWright
Wigan Athletic FC
 FL1 Scott Smith
Club Div Player
Barrow AFC FL2 Ollie Banks
Bradford City FC FL2 Oscar Threlkeld
Bristol Rovers FC FL2 James Belshaw
Carlisle United FC FL2 Kelvin Mellor
Colchester United FC FL2 Brendon Wiredu
Crawley Town FC FL2 LudwigFrancillette
Exeter City FC FL2 Pierce Sweeney
Forest Green Rovers FL2 Luke McGee
Harrogate Town FC FL2 Josh Falkingham
Hartlepool United FC FL2 Jamie Sterry
Leyton Orient FC FL2 Omar Beckles
Mansfield Town FC FL2 StephenQuinn
Middlesbrough FC FLC Matt Crooks
Millwall FC FLC BillyMitchell
Nottingham Forest FC FLC Scott McKenna
Preston North End FC FLC Bambo Diaby
Queens Park Rangers FC FLC Charlie Austin
Sheffield United FC FLC BillySharp
Stoke City FC FLC Jacob Brown
Swansea City FC FLC Michael Obafemi
West Bromwich Albion FLC Conor Townsend
Club Div Player
Accrington Stanley FL1 Ross Sykes
AFC Wimbledon FL1 Paul Osew
Bolton Wanderers FC FL1 Amadou Bakayoko
Burton Albion FC FL1 John Brayford
Cambridge United FL1 HarveyKnibbs
Charlton Athletic FC FL1 Ryan Inniss
Cheltenham Town FC FL1 Sean Long
Crewe Alexandra FC FL1 David Richards
Doncaster Rovers FC FL1 Jon Taylor
Fleetwood Town FC FL1 Alex Cairns
Ipswich Town FC FL1 Conor Champlin
Lincoln City FL1 Lasse Sorensen
Milton Keynes Dons FC FL1 Dean Lewington
Morecambe FC FL1 Liam Gibson
Oxford United FC FL1 Jack Stevens
Plymouth Argyle FC FL1 Conor Grant
Rotherham United FC FL1 Michael Smith
Sheffield Wednesday FC FL1 BarryBannan
Shrewsbury Town FC FL1 HarryBurgoyne
Sunderland FC FL1 BaileyWright
Wigan Athletic FC
 FL1 Scott Smith
Club Div Player
Barrow AFC FL2 Ollie Banks
Bradford City FC FL2 Oscar Threlkeld
Bristol Rovers FC FL2 James Belshaw
Carlisle United FC FL2 Kelvin Mellor
Colchester United FC FL2 Brendon Wiredu
Crawley Town FC FL2 LudwigFrancillette
Exeter City FC FL2 Pierce Sweeney
Forest Green Rovers FL2 Luke McGee
Harrogate Town FC FL2 Josh Falkingham
Hartlepool United FC FL2 Jamie Sterry
Leyton Orient FC FL2 Omar Beckles
Mansfield Town FC FL2 StephenQuinn

18 18

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

Newport County FC FL2 MickeyDemetriou
Northampton Town FC FL2 Sam Hoskins
Oldham Athletic FC FL2 Carl Piergianni
Port Vale FC FL2 Tom Conlon
Rochdale FC FL2 MattyDone
Salford City FL2 Jason Lowe
Scunthorpe United FC FL2 Jai Rowe
Swindon Town FC FL2 Lewis Ward
Tranmere Rovers FC FL2 Scott Davies
Walsall FC FL2 Brendan Kiernan
Women’s Super League Div Player
Arsenal Women WSL Leah Williamson
Aston Villa Women WSL Hannah Hampton
Birmingham City Women FC WSL Louise Quinn
Brighton & Hove Albion Women WSL Victoria Williams
FC
Chelsea FC Women WSL Magdalena Eriksson
Everton Ladies FC WSL Courtney Brosnan
Leicester City FC Women WSL Ashleigh Plumptre
Manchester City Women FC WSL Karen Bardsley
Manchester United Women FC WSL Ella Toone
Tottenham Hotspur Women WSL Molly Bartrip
West Ham United Women FC
 WSL Kate Longhurst
WSL Championship & Below Player
Bristol City Women FC Jasmine Bull
Liverpool FC Women Missy Bo Kearns
Stoke City Women Jodi Foxhall
Charlton Athletic Women Lois Heuchan
Wolverhampton Wanderers Shannon Turner
Women
Crystal Palace Women Leigh Nicol
AFC Bournemouth Women Katie Scadding
Millwall Lionesses Kelly Webster
Cardiff City FC Women Seren Watkins
Bristol Rovers Women's FC Layah Douglas
Exeter City Women's FC Manfy Sharpe
Bradford City Ladies Monika Stube
Northampton Town FC Women Eden Brown
Ipswich Town Women Natasha Thomas
Southampton F.C. Women Phoebe Williams
QPR Women Hayley Peacock

19 19

**THE

PLAYERS FOUNDATION**

(COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

FOR THE YEAR ENDED 30 JUNE 2022

Newcastle United Women Brooke Cochrane
Plymouth Argyle Women Gabi Alphous
Nottingham Forest WFC Naomi Powell
Burnley Women Olivia Wilson

20 20

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

**Education

Grants**

In 2021-­‐22, the Charity financially supported, through the restricted fund grant to the Union, 1,451 funding applications from beneficiaries towards their choice of learning, training, and education provision. This represents an 8% increase (106) from the previous year. We are pleased to report a 50% increase in the number of current players applying for funding towards qualifications, with 177 applications supported throughout the year.

We continue to see former footballers move to employment across a diverse range of sectors including pilots, doctors, HGV lorry drivers, paramedics, and tradesmen as well as those in football related roles such as physiotherapy, sports science, sports journalism, football governance and coaching.

The Charity has funded, through the restricted fund grant, bursaries to beneficiaries studying abroad. This includes around 200 bursaries to beneficiaries studying at North American colleges and Universities along with support to beneficiaries in locations including Dubai, Australia, Sweden, Canada, Scotland, Ireland, and the Netherlands.

The amount provided in grant funding to the Union for academic and vocational courses for beneficiaries was £1.8m, which included.

**Grant

/ Bursary Overview**

Gender Former
Beneficiaries		 Current
Beneficiaries		 Total
Male 1,065 154 1,219
Female 9 23 32
Total 1,074 177 1,251
Type of course Former
Beneficiaries		 Current
Beneficiaries		 Total
University 657 83 740
Computer 1 0 1
Driving 16 1 17
Coaching 152 18 170
GCSE/B-Tec/Access course 3 0 3
Legal/Accountancy 57 33 90
Leisure/Personal Training 48 28 76
Other 104 13 117
Trades 36 1 37
Total 1,074 177 1,251

21 21

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

Ethnicity Former
Beneficiaries		 Current
Beneficiaries		 Total
White British 755 121 876
White Irish 42 16 58
White Other 17 9 26
Black or British African 78 12 90
Black or British Caribbean 51 7 58
Black or Black British Other 1 1 2
Asian or Asian British Indian 5 0 5
Asian or Asian British Pakistani 2 0 2
Mixed Asian & White 9 0 9
Mixed Black African & White 14 1 15
Mixed Black Caribbean &
White		 49 4 53
Mixed Other 21 3 24
Not Stated 30 3 33
Total 1,074 177 1,251

**University

Bursary Breakdown**

University funding applications (undergraduate & postgraduate) represent nearly 50% of the total spend. University courses studied by beneficiaries can be seen across multiple disciplines such as degree programmes in Sport, Science, Business , Medical, Property, Finance, Mathematics, English and others.

**Examples

include:**

22 22

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PLAYERS FOUNDATION**

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

The Charity also provides funding for beneficiaries through postgraduate qualifications, examples include:

**Key

Successes**

Level & Place of Study Former
Beneficiaries		 Current
Beneficiaries		 Total
Undergraduate Open University 45 48 93
Undergraduate UK 325 29 354
Undergraduate Overseas 206 1 207
Postgraduate 81 5 86
Total 657 83 740
Subject of Study Former
Beneficiaries		 Current
Beneficiaries		 Total
Sport 220 28 248
Science 25 3 28
Medical/Psychology 31 8 39
Business 82 25 107
Property 17 0 17
Finance 42 5 47
Mathematics 7 1 8
English & Media 8 0 8
Law 7 2 9
Postgraduate 83 5 88
Other 52 6 58
Not Stated 4 0 4

23 23

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

Undecided 79 0 79
Total 657 83 740

**Grant

Funding Breakdown**

Grants are provided towards accredited recognised qualifications based on beneficiaries choice of education & learning.

**Examples

include:**

Grant funding applications breakdown:

Type of course Former
Beneficiaries		 Current
Beneficiaries		 Total
Driving 16 1 17
Football Coaching 152 18 170
GCSE/B-Tec/Access course 3 0 3
Legal/Accountancy 57 33 90
Leisure/Personal Training 48 28 76
Other 105 13 118
Trades 36 1 37
Total 417 94 511

**Sponsored

Programmes Breakdown**

Based on demand and the identification of trends, the Charity provided enhanced funding for bespoke programs, including undergraduate courses in Physiotherapy at University of Salford and York St John University along with Professional Sports Writing & Broadcasting at Staffordshire University.

The Charity funded a range of introduction courses to beneficiaries in areas of Football Marketing and Management, Languages, Counselling, Media Training, Sports Psychotherapy, and Governance.

Course Total
BSc Physiotherapy Salford University 25
Sports Journalism Staffordshire 24

24 24

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

BSc Physiotherapy York University 4

Equ
aliti
es

Equa
lity,
Dive
rsity,
and
Inclu
Football Marketing & Management 39
Professional CV Development 29
Introduction to Spanish 16
Media Coaching 5
Level 2 Counselling 10
MSc Sporting Directorship 13
LMA Diploma in Football Management 17
Sports Psychotherapy 4
On the Board Governance 14
Total 200

sion continues to be a global issue and one in which football plays a leading role in highlighting the issue thanks to the focus and commitment of players across the game. The Charity continues to drive the issue forward on behalf of, and in support of the players. The Charity is grateful for the players commitment to the issues of anti-­‐discrimination, racism and inequality in society using their platforms and football as a power for change.

Taking the knee ahead of fixtures from the murder of George Floyd and subsequent Black Lives Matter movement from 2020 and throughout the 2021-­‐2022 season has enforced the importance of Equality, Diversity, and Inclusion across the game. Players remain at the heart of all decisions and focus on Equality, Diversity, and Inclusion and continue to push for change to address matters such as online abuse, the under-­‐representation of black coaches, managers, and Board members in comparison to black players on the pitch, the lack of Asian players, coaches, and administrators in the professional game in comparison to society and the rights of professional players in the WSL.

**Show

Racism the Red Card – 25 Years of Educating Against Racism**

The Charity has funded this campaign which works across education and football using footballers and the game as a way of promoting inclusion and celebrating diversity to reach a wider audience with the anti-­‐racism message.

In its 25[th] Anniversary Year there were several events celebrating the founder of the campaign and former Newcastle United player Shaka Hislop. Shaka received an Honorary Doctorate and Key to the City of Newcastle in recognition of his work. The strategic priorities for Show Racism the Red Card are to maintain and further strengthen partnerships with footballers, football clubs and sporting

25 25

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PLAYERS FOUNDATION**

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

institutions to further diversify the types of role-­‐models and events to reach a wider audience with the anti-­‐racism message.

**Football

Team posters**

Public health restrictions at the start of the season once again meant that Show Racism the Red Card team poster printing schedule was affected during this year. However, they did manage to print approximately 150,000 club team posters which were distributed across the United Kingdom.

**Educational

events at Football clubs**

Show Racism the Red Card delivered 21 educational events throughout the year.

Additionally, they were able to deliver another 9 events with the following clubs.

We held two events with each of Southend United FC, Portsmouth FC and Sunderland AFC and held three events with Bolton Wanderers FC.

In total, these events reached approximately 3,200 young people across England.

Show Racism the Red Card’s programme of educational events helped achieve the following outcomes for young people :

**A

better understanding of racism and how it impacts on individuals (targets and perpetrators) and society**

**An

increased awareness of the responsibility to challenge racism and how this can be done**

The confidence for young people to ask their questions about racism without fear of judgement

More knowledge about appropriate / inappropriate terminology relating to ethnicity

26 26

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**(COMPANY

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

An independent external evaluation of Show Racism the Red Card’s educational events with football clubs concluded that:

“the most significant impact of the educational events on young people is the sense of empowerment it awakens”

and

“By fuelling young people’s passion to speak out against racism, Show Racism the Red Card may be breaking the transmission of inter-­‐generational racism”

**Kick

It Out**

The Charity has continued to provide funding for Kick It Out to support the Charity in its mission to tackle all forms of discrimination in the game and to enable it to continue and develop its work which includes player education, in particular the younger age categories. We note Kick It Out has the following objectives:

Kick It Out have developed a specific reporting application which logs details of abuse in the grassroots and professional game that is reported directly to them. They also support complaints handling and signpost accordingly to the relevant stakeholder whether that is the Union, FA, or Leagues.

Kick It Out is sourcing additional funding outside of its traditional streams within football and has support from Sky and other corporate partners. Kick It Out is focused on driving the On Line Harms Bill through parliament and works with clubs to support younger players in educational pathways to supplement the work across the game.

**Academy

education -­‐ Reaching the next generation now**

27 27

THE PLAYERS FOUNDATION

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

**Thanks

to the Equality Inspires and Life Skills programmes, in 2021/22 hundreds of young footballers found out how they can kick discrimination out of sport.**

Through Equality Inspires – Kick It Outs programme for Premier League academy players – and Life Skills – and their programme for EFL academies – almost 2,500 young footballers spent time learning about discrimination in 2021/22.

Ranging from under-­‐9s to under-­‐23s, players learned and talked about:

The sessions are also delivered to parents and staff as well because everyone connected to a club can help make it a more inclusive place. What really stood out in 2021/22 was players’ willingness to engage in discussions. Their openness and honesty suggested the growing focus on fighting inequality is already paying off.

**2021/22

in numbers**

Kick It Out reached:

“I’ve learned that discrimination is an issue that can really have huge impacts on people and about resources we have as players to use.”

EFL/Premier League academy player

“You know what you are doing, and your delivery really inspires trust and honesty, hence we were all so open.”

Parent feedback

The Charity is in the 9[th] year of funding the On the Board programme that outlines corporate governance and understanding of board room functions to develop qualified Black, Asian and other under-­‐represented groups including women into effective board members. This function is one of those returned to the Union under the new arrangements.

Player Welfare

28 28

**THE

PLAYERS FOUNDATION**

**(COMPANY

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

Good mental health is vital for peak performance, and professional footballers deserve to have their emotional needs met as people, not just players. We know there is still a stigma attached to talking about mental health and many beneficiaries might not know where to seek help for stress, anxiety, or depression when it strikes. The Charity provides support services to all professional football players in the English leagues. Through the Union, mental health workshops are delivered to all clubs, where players are discreetly assessed and provided with necessary support.

A confidential 24/7 wellbeing helpline is also available to players, so any player in crisis can access immediate support. Through our network of service providers, thousands of beneficiaries presenting with issues have been supported every season. In the 2021/22 season, there were over 600 wellbeing interventions achieved through our Sporting Chance Clinic partnership and through the Union wellbeing education sessions that were delivered to over 50 clubs, followed by approximately 1,000 player mental health assessments. We understand the unique issues that can arise for professional footballers and have the experience to help players get back to their best.

Below are just some of the presenting issues that the Charity has supported players with last season.

___________

Performance & Panic
Addiction
Change & Anxiety Abuse Low Self-Worth
Depression Bereavement Low Mood
Contracts & Stress Relationships Eating Disorders
Retirement & Anger Injury Suicide

29 29

THE PLAYERS FOUNDATION

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

FOR THE YEAR ENDED 30 JUNE 2022

**Network

of Counsellors**

There are now over 240+ counsellors in place, and this did not notably decrease through the pandemic, where many counsellors realigned quickly and efficiently to service sessions remotely. The funding provided by the Charity enabled over 600 current and former players and beneficiaries in the 2021/22 season to obtain support, therefore, to ensure this support best suits the needs of our beneficiaries the services are continually reviewed.

30 30

THE PLAYERS FOUNDATION

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued) FOR THE YEAR ENDED 30 JUNE 2022

Beneficiaries Accessing Service

Charity Network of Therapeutic Professionals & Residential Rehabilitation Support 2021/2022 Season

During the Financial Year Ending 30th June 2022, 520 beneficiaries accessed counselling and treatment services provided by Sporting Chance: 47% were current players, 48% were ex-­‐players, 5% were ‘other’ i.e., family members of players that the Charity agreed to support given the circumstances of the case. Of the 520, 9% were female beneficiaries, of the female beneficiaries, 86% were current players and 14% were ex-­‐players.

Presenting issues were categorised as follows:

Emotional Support -­‐ 23% Low Mood -­‐ 23% Addictive Disorder (Substances) -­‐ 15% Anxiety -­‐ 11% Addictive Disorder (Gambling) -­‐ 8% Transition -­‐ 5% Bereavement -­‐ 3% Stress -­‐ 2% Health Issues – 2% Relationship Issues -­‐ 2% Dementia Support (family) – 2% Psychiatric Assessments – 1% Anger Management – 1% Low Mood with Suicidal Ideation 1% OCD – 0.5% Dementia (client) – 0.3% Eating Disorder – 0.2%

31 31

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

FOR THE YEAR ENDED 30 JUNE 2022

**Residential

Treatment Placement**

35 beneficiaries attended residential rehabilitation programmes for addictive disorders, and the most common issue for current beneficiaries is gambling, other beneficiaries commonly present issues regarding substance misuse, although there are various other presenting issues that beneficiaries are supported with. The Charity has worked with Sporting Chance to further develop the residential offering to sports professionals to target issues with shorter intensive treatment programs to compliment therapy designed for the current player.

32 32

**THE

PLAYERS FOUNDATION**

(COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

FOR THE YEAR ENDED 30 JUNE 2022

**24hr

helpline**

The helpline continues to be well used

with twenty-­‐four-­‐hour access available for beneficiaries and 95% of callers being matched with a therapist within twenty-­‐four hours. Enquires that take longer than twenty-­‐four hours are due to additional complexities or geographical constraints but are well managed.

**Sporting

Chance – Monitoring the Service**

Sporting Chance have become the largest provider of mental health and emotional wellbeing treatment and education, to professional sport, in the country. Their growth has been based on providing a high quality, confidential, responsive, and quick service.

Sporting Chance’s relationship with the Charity spans two decades; the Charity is Sporting Chance’s longest standing stakeholder and financially their largest individual funder. The Charities beneficiaries make up the largest number of individuals using Sporting Chance’s therapeutic services. The dichotomy of the benefits of the two organisations autonomies and their inter-­‐dependence both within football and the wider sporting world is worthy of consideration. The Charity benefit from a vast pool of expertise, a practical system that provides twenty-­‐four-­‐hour access to a high-­‐quality service for our beneficiaries and a fire-­‐screen from any potential clinical liabilities that could occur in the provision of mental health treatment.

33 33

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

**Online

Abuse**

The Charity is committed to ensuring that those who suffer online abuse can access appropriate levels of support through its services. The far-­‐reaching impact that racism and all forms of discrimination has on players wellbeing must be considered during the reporting process. The wellbeing services are available to all players and are there to coexist with the clubs and EFL network of support.

A player should be encouraged to report abuse with the support of club personnel or via the Union. It is the club’s duty to ensure an internal process is actioned when a player is the victim of online abuse, and they should be offered practical and emotional support at this time via the club’s own channels and referred to Charity or Union for support where applicable.

**Player

Wellbeing**

If beneficiaries are being abused online and need direct emotional support the Charity provides players with a 24/7 counselling telephone helpline. This 'round-­‐the-­‐clock' support is available to all players past and present and is there for all forms of discrimination.

Online abuse is discussed in workshops and what is concerning is that beneficiaries often only associate abuse to racism. Players are educated that any protected characteristics that are being targeted in an offensive way is a cause for concern and we are here to help. Equally, we reiterate that our counselling services can help to support any emotional challenges that this may cause, and that we will never name them unless they agree.

**If

the online abuse is directly impacting a beneficiary’s wellbeing they can:**

34 34

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TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

FOR THE YEAR ENDED 30 JUNE 2022

**Sexual

Abuse**

The Survivor Support Advocate (SSA) service provides free and confidential support to anyone who has experienced abuse while involved in football. The SSA role is filled by Ian Ackley, a survivor with lived experience of historic abuse in football and over 20 years’ experience working with vulnerable and hard-­‐to-­‐reach groups. The service was set up in 2019 as a joint venture between the Charity and The Football Association to provide survivors a caring pathway of support. Help is available for survivors of any type of abuse and covers both historical and current abuse.

The Football Association’s support of the service ensures survivors who are beneficiaries can also access the help they need. This includes coaches, referees, officials, volunteers, and anyone else who might have been affected.

We have 83 individuals that have been supported (or are still being supported) in total to date, from November 2019. Most of these individuals have accessed the support in the last twelve months, making up approximately 60 of the total number, all of which are live cases.

The SSA provides a wide range of support, including:

**Financial

review**

The Charity has incurred a loss for the year of £12,695,142 (2021: loss for the year of £3,000,389) including net investment losses of £5,139,843 (2021: investment gains £3,486,986).

The balance sheet shows net assets of £46,206,876 (2021: £58,902,018) including restricted funds of £5,896,645 (2021: £11,047,386).

The Trustees’ focus for the immediate future however is ensuring that the financial strength of the Charity remains protected against any adverse effects of the ongoing statutory inquiry. The statutory inquiry opened by the Charity Commission has attracted negative comment and criticism of the Charity and the Trustees continue recognise the potential impact this may have on funding streams.

The Trustees are committed to tackling any legitimate governance-­‐related concerns that may be raised by the Charity Commission and have already invested appropriate resources into implementing changes. The Trustees are also relying on external advisors in guiding them through the present regulatory challenges.

35 35

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

**FOR

THE YEAR ENDED 30 JUNE 2022**

The Trustees were disappointed to note the Charity was the subject of an Official Warning Notice which stays on the Charities records for one year. However, we note the Charity Commission in making the notice effective commented that the Trustees have already corrected issues within the notice prior to its issue.

_**Principal

funding sources**_

The Charity’s activities were primarily funded from its investment and rental income received during the year, together with a one-­‐off restricted fund grant of £4.4 million from the Union. The Trustees have been working hard to find additional resources to enable it to fund the revised range of activities now planned to be carried out in pursuit of the Charity’s objects.

This has been necessary as no funding has been received from the Union in relation to television image rights monies which previously came to the Charity from three sources, namely, The Premier League and from time to time The Football Association and The English Football League, this money is now retained by the Union.

In the current year, the finance function, and grant making function has moved to the Charity who now incur 100% of the cost.

_**Investment

powers and policy**_

The Trustees regularly consider and review the investment policy to ensure it remains appropriate for the Charity and has entered management arrangements with suitably authorised parties within the meaning of the Financial Services and Markets Act 2000. Arrangements have been in place with Investec Wealth and Management, Aberdeen Standard Capital, and AJ Bell, with independent oversight and governance being provided by Pro Sport Wealth Management Limited. The Trustees have the power to elect discretionary, advisory and execution only mandates. They also have the powers to engage suitable advisers regarding direct property holdings, and heritage assets from time to time. The Trustees rely on the professional advisers for the day-­‐to-­‐day management of the invested assets. The fund managers have been instructed with specific mandates which when blended adopt a balanced strategy to maintain and increase the real value of income and capital of the funds over the longer term.

The investment policy was revised with effect from 15[th] September 2022, when a revised reserves policy was also agreed. In addition, this year, we have reclassified all our real property as an investment asset, as the Charity no longer considers it holds functional property, following the structural changes now in place with the Union.

36 36

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) (continued)

FOR THE YEAR ENDED 30 JUNE 2022

_**Reserves

policy**_

The Board of Trustees has reviewed its reserves policy considering the drastic change to the Charity’s income position.

The only guaranteed income we have moving forwards is that arising from our investments, and our rental properties.

Accordingly, the Trustees determined that its asset base should as far as is reasonably possible be maintained to generate sufficient income to enable the Charity to meet its strategic objectives.

The Trustees consider that the long-­‐term income target should be at least maintained in real terms. There is also a requirement to enhance capital growth so capital can be realised and distributed to meet budget commitments. The funds to be invested under this Agreement with the Investment Managers are the assets currently held by The Players Foundation. Further funds may become available for investment if the Trust receives legacy income, funds, donations or investments as part of an estate settlement. Some of the Charity’s reserves will be held on deposit by agreement with the Investment Managers in respect of the short-­‐term capital/income/expenditure requirements. The Trust will review its investment strategy every 12 months in conjunction with their professional advisers Pro Sport Wealth Management Limited. Ad-­‐hoc valuations and review information will be available online in real time to both the Trustees and their professional adviser.

At 30 June 2022 the Charity holds £46,206,876 (2021: £58,902,018) in reserves, of which £5,896,645 (2021: £11,047,386) are restricted.

A further £15,508,185 (2021: £19,126,023) are represented by tangible fixed assets, heritage assets and investment properties, leaving £24,802,046 (2020: £28,728,609) in free reserves.

_**Going

concern**_

After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future (being at least 12 months from the date of signing the accounts), due to the level of net assets.

Whilst there are no immediate uncertainties in this regard, the Trustees continue to monitor the Charity’s position in light of the ongoing statutory inquiry being undertaken by the Charity Commission.

_**Principal

risks and uncertainties**_

The Trustees have considered the financial risks which the Charity faces and confirm that they have established systems to mitigate the significant risks.

The principal financial risks faced by the Charity are:

  1. That the Charity received substantial funding from The Premier League, and from time to time received funding from The Football Association and the English Football League to support its activities. All this funding is now receivable by the Union. The Charity has reduced its activities in line with the reduction of funding from the Union and has now developed a new strategy.

  2. Volatility in the value of investments held which could expose the Charity to loss of income. The Trustees work closely with the investment managers and the investment reports are closely

37 37

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

**TRUSTEES’

ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) _(continued)**_

**FOR

THE YEAR ENDED 30 JUNE 2022**

monitored to track fluctuations and to ensure investment decisions are in line with the objectives of the Charity.

_**Plans

for future periods**_

The Charity has now passed all responsibility for all programmes to the Union, who is funded to deliver those programmes. The current plan is to concentrate on the relief of poverty and help for those with needs arising from neuro-­‐degenerative diseases of any kind.

We are now looking to see how we can develop other projects and this is an on-­‐going objective.

The Charity has taken in house its finance function and grant management, with the Union preferring not to support those functions moving forwards, and this will be fully reported next year.

Arrangements are in place to liquidate a large amount of memorabilia and use the capital arising to generate income for future charitable expenditure.

The Charity will continue to develop the activities currently being carried but seeking to adapt to changing social conditions. For example, the Charity is now considering how a wider ranging programme of support for those who encounter neuro-­‐degenerative issues, by offering a wider support service. We also recognise that the cost of living crisis and fuel prices rises may generate a greater need for financial assistance.

However, the Trustees’ primary concern remains to ensure that the current regulatory challenges are overcome and the Trustees remain committed to working closely with the Charity Commission in order to satisfy its concerns in relation to the Charity’s governance.

We are disappointed the Charity Commission chose to proceed with a Warning Notice in such circumstances.

Reconfiguration has already been implemented and our financial and other relationship with the Union has changed.

The Trustees are keen to secure the long-­‐term viability of the Charity, along with addressing any residual regulatory concerns although we do hope all of those are in fact resolved.

**Trustees’

responsibilities in relation to the financial statements**

The Trustees, who are also directors for the purposes of company law, are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the Trustees are required to:

38 38

**THE

PLAYERS FOUNDATION**

**(COMPANY

LIMITED BY GUARANTEE)**

**TRUSTEES’

ANNUAL REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS’ REPORTS) _(continued)**_

**FOR

THE YEAR ENDED 30 JUNE 2022**

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

**Statement

of disclosure to our auditors**

Each of the persons who is a trustee at the date of approval of this report confirms that:

The Trustees' annual report, incorporating a strategic and director’s reports were approved on .............................. and signed on behalf of the board of Trustees, and signed on the board’s behalf by: 06 April 2023

BBatson

Mr B Batson OBE Chair of Trustees

06/04/2023

39 39

THE PLAYERS FOUNDATION

**INDEPENDENT

AUDITOR’S REPORT TO THE MEMBERS OF THE PLAYERS FOUNDATION**

**YEAR

ENDED 30 JUNE 2022**

Opinion

We have audited the financial statements of The Players Foundation (the charitable company) for the year ended 30 June 2022 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. 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 Practice).

In our opinion the financial statements:

**Basis

for Opinion**

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance 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 Concern**

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

40 40

THE PLAYERS FOUNDATION

**INDEPENDENT

AUDITOR’S REPORT TO THE MEMBERS OF THE PLAYERS FOUNDATION _(continued)**_

**YEAR

ENDED 30 JUNE 2022**

**Other

Information**

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Trustees (who are also the directors of the 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 explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit 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 performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

**Opinions

on Other Matters Prescribed by the Companies Act 2006**

In our opinion, based on the work undertaken in the course of the audit:

**Matters

on Which We are Required to Report by Exception**

In the light of the knowledge and understanding of the charitable company and its 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 the Companies Act 2006 requires us to report to you if, in our opinion:

41 41

THE PLAYERS FOUNDATION

**INDEPENDENT

AUDITOR’S REPORT TO THE MEMBERS OF THE PLAYERS FOUNDATION _(continued)**_

**YEAR

ENDED 30 JUNE 2022**

**Responsibilities

of Trustees**

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

**Auditor's

Responsibilities for the Audit of the Financial Statements**

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements 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 statements.

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.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

**Extent

to which the audit was considered capable of detecting irregularities, including fraud**

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and non-­‐compliance with laws and regulations, our procedures included the following:

42 42

THE PLAYERS FOUNDATION

**INDEPENDENT

AUDITOR’S REPORT TO THE MEMBERS OF THE PLAYERS FOUNDATION _(continued)**_

**YEAR

ENDED 30 JUNE 2022**

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-­‐detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-­‐ compliance with laws and regulations and cannot be expected to detect all fraud and non-­‐compliance with laws and regulations.

**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 auditor’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 the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Caroline Monk BA BFP FCA (Senior Statutory Auditor)

For and on behalf of Beever and Struthers Chartered Accountants & Statutory Auditor One Express 1 George Leigh Street Manchester M5 4DL

Date: 06 April 2023

43 43

THE PLAYERS FOUNDATION

**STATEMENT

OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**

**YEAR

ENDED 30 JUNE 2022**



Note


Incoming Resources

Donations and legacies
5
Charitable activities
6
Investment income
7
Other
9
Total Incoming resources



Expenditure on:

Raising funds
11
Charitable activities
12
Total Expenditure



Net (expenditure) before
gains on investments



Net (losses) / gains on
investments

8
Net (loss) on
revaluation/impairment of
fixed assets


8


Net (expenditure)



Transfers



Reconciliation of funds:

Total funds brought forward

Total funds carried forward
22		 Unrestricted
Funds
2022
Restricted
Funds
2022
Total
Funds
2022
Total
Funds
2021
£
£
£
£




239,022
-
239,022
11,760,639
-
-
-
200,744
978,761
-
978,761
1,125,883
142,260
-
142,260
5,116
1,360,043
-
1,360,043
13,092,382








207,446
-
207,446
1,664,266
3,557,155
5,150,741
8,707,896
17,915,491
3,764,601
5,150,741
8,915,342
19,579,757





(2,404,558)

(5,150,741)

(7,555,299)

(6,487,375)





(2,801,585)

-

(2,801,585)

3,486,986


(2,338,258)


-


(2,338,258)


-
(7,544,401)
(5,150,741)
(12,695,142)
(3,000,389)




-
-
-
-
(7,544,401)
(5,150,741)
(12,695,142)
(3,000,889)




47,854,632
11,047,386
58,902,018
61,902,407
40,310,231
5,896,645
46,206,876
58,902,018

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 47 to 63 form part of these financial statements.

44 44

THE PLAYERS FOUNDATION

**BALANCE

SHEET AS AT 30 JUNE 2022**







Note
Fixed assets:

Tangible assets
Heritage assets
18b
18a
Investments
19
Total fixed assets

Current assets:

Debtors
20
Cash at bank





Liabilities:

Creditors: amounts falling
due within one year

21


Net current assets



Total net assets



Funds of the Charity:

Restricted income funds
22
Unrestricted funds
22
Total Charity funds


 Total Funds
2022
£
£



31,070
9,637,115

35,063,716

44,731,901


709,605
4,158,438
4,868,043





(3,393,068)




1,474,975



46,206,876





5,896,645

40,310,231

46,206,876

 Total Funds
2022
£
£



31,070
9,637,115

35,063,716

44,731,901


709,605
4,158,438
4,868,043





(3,393,068)




1,474,975



46,206,876





5,896,645

40,310,231

46,206,876

 Total Funds
2021
£
£



8,342,903
10,783,120

31,575,756

50,701,779


2,528,803
9,995,181
12,523,984




(4,323,745)




8,200,239



58,902,018





11,047,386

47,854,622

58,902,018

 Total Funds
2021
£
£



8,342,903
10,783,120

31,575,756

50,701,779


2,528,803
9,995,181
12,523,984




(4,323,745)




8,200,239



58,902,018





11,047,386

47,854,622

58,902,018
44,731,901








1,474,975
 50,701,779








8,200,239
4,868,043 12,523,984



(3,393,068)


(4,323,745)


















46,206,876 58,902,018


5,896,645
40,310,231

11,047,386
47,854,622
46,206,876
 58,902,018

These financial statements were approved by the board of Trustees and authorised for issue on …………………………, and are signed on behalf of the board by: 06 April 2023

BBatson

Mr B Batson OBE Chair of Trustees 06/04/2023 Company Registration No:

08352024

The notes on pages 47 to 63 form part of these financial statements.

45 45

THE PLAYERS FOUNDATION

**STATEMENT

OF CASH FLOWS YEAR ENDED 30 JUNE 2022**



Reconciliation of net income to net cash flow from
operating activities:
Net (expenditure)

Adjustments for:
Depreciation of tangible fixed assets
Losses / (gains) on investments
Fixed asset impairment
Losses on heritage assets
Dividends, interest, and rents from investments
Decrease in debtors
(Decrease) / Increase in creditors
Net cash inflow from operating activities

Cashflow statement
Net cash (outflow) from operating activities

Investing activities
Dividends, interest and rents from investments
Proceeds on sales of investments
Proceeds on sales of heritage assets
Purchase of tangible fixed assets
Purchase of investments
Net cash inflow from investing activities

(Decrease) in cash

Cash and cash equivalents at 1 July 2021
Cash and cash equivalents at 30 June 2022		 2022
2021
£
£


(12,695,142)
(3,000,389)




143,949
150,479
2,770,579
(3,486,986)
2,338,258
-
31,006
-
(978,761)
(1,125,883)
1,819,198
5,392,018
(930,677)
336,202
5,193,552
1,265,830




(7,501,590)
(1,734,559)




978,761
1,125,883
3,918,620
12,595,394
1,114,999
-
(10,374)
(8,192)
(4,337,159)
(13,189,676)
1,664,847
523,409

(5,836,743)
(1,211,150)


9,995,181
11,206,331
4,158,438
9,995,181

The notes on pages 47 to 63 form part of these financial statements.

46 46

46

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

1. General Information

The Charity is a company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is c/o Brabners LLP, Horton House, Exchange Flags, Liverpool, L2 3YL.

2. Statement of Compliance

The financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

The Players Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

3. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Union staff deliver certain of the Charity’s programmes and other activities which enable the Charity to fulfil its objectives. Their salaries are paid by the Union. The actual cost of their employment for their time spent delivering the Charity’s programmes and other activities is determined as the value to be recognised within the Charity accounts as donated services (income) and related costs (expenditure). The income and expenditure is recognised at the point at which the related services are delivered.

Unrestricted funds are available for use at the discretion of the Trustees to further any of the Charity’s purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-­‐classes: restricted income funds or endowment funds.

47 47

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**3.

Accounting Policies _(continued)**_

Judgements and estimates

The preparation of the financial statements requires management to make certain judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, revenue and expenditure. The following judgements and estimates have affected amounts recognised in the financial statements:

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure can be classified under the following activity headings:

Costs include those services donated by the Union. Support costs have historically been allocated as custom and practice, supported by evidence, that Trustees feel is most appropriate.

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities.

Support costs include the time spent by Union staff and other central administration costs, finance and governance costs which supports the delivery of the Charity’s activities.

These costs have been allocated between cost of raising funds and expenditure on charitable activities.

The support costs and bases on which they have been allocated are set out in note 14.

48 48

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**3.

Accounting Policies _(continued)**_

Rentals applicable to operating leases are charged to the Statement of Financial Activities over the period in which the cost is incurred on a straight-­‐line basis, even if the payments are not made on such a basis.

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over the useful economic life of that asset as follows:

Fixture and fittings -­‐ over 4 years on a straight-­‐line basis Property improvements -­‐ over 20 years on a straight-­‐line basis

Freehold property and leasehold property are not depreciated because the residual values are greater than the carrying values in the accounts.

Listed investments are stated at fair value as at the balance sheet date. The value of investments is determined by the valuations submitted monthly by the managers of the individual investments. The Statement of Financial Activities includes realised and unrealised gains and losses arising from the revaluation of the investment portfolio throughout the year. Disclosure is made in note 19 of the movement in market value of the investments during the year.

Investment properties are stated at fair value at the balance sheet date.

The Statement of Financial Activities includes realised and unrealised gains and losses arising from the valuation.

Heritage assets are held in pursuit of overall charitable objectives in relation to the preservation and display of artefacts and memorabilia of educational and historic value. Artefacts and memorabilia are recognised at cost as a separate class of tangible fixed asset and reviewed annually for impairment.

Other financial instruments arise directly from the company’s charitable activities.

All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. No collateral is held against trade and other receivables so the exposure to credit risk is the net balance of trade and other debtors after allowance for impairment

The Charity’s cash holdings comprise on demand balances only. All cash is held with banks with strong external credit ratings.

Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.

4. Limited by Guarantee

In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member (i.e. the Trustees) whilst they are a member or within one year after they cease to be a member.

49 49

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**5. Donations

and legacies**



Donations
Other donations
Donated services



Donations
Other donations
Donated services


Charitable activities



Coaching – course fees
Education – Union Learning Funding



Coaching – course fees
Education – Union Learning Funding

Investment income


Dividends – equities
Interest – fixed interest securities
Interest – cash deposits
Rent received
Loan interest received
Unrestricted
Funds
£
625,834
15,411
1,632
335,884
-		 Unrestricted
Funds
Restricted
Funds
Total
2022
£
£
£
-
-
-
239,022
-
239,022
239,022
-
239,022
Unrestricted
Funds
Restricted
Funds
Total
2021
£
£
£
314,086
4,400,000
4,714,086
7,046,553
-
7,046,553
7,360,639
4,400,000
11,760,639
Unrestricted
Funds
Restricted
Funds
Total
2022
£
£
£
-
-
-
-
-
-
-
-
-
Unrestricted
Funds
Restricted
Funds
Total
2021
£
£
£
38,539
-
38,539
-
162,205
162,205
38,539
162,205
200,744

Total
2022
Unrestricted
Funds
Total
2021
£
£
£

625,834
546,916
546,916

15,411
339,269
339,269

1,632
13,165
13,165

335,884
223,877
223,877

-
2,656
2,656
978,761
978,761
1,125,883
1,125,883



**6. Charitable

activities**

**7. Investment

income**

50 50

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**8. Net

(losses) / gains on investments**



Loss on disposal of memorabilia
Realised investment gains
Unrealised investment gains /
(losses)
Fixed asset revaluation
Fixed asset impairment

Other income


Insurance recharges
Management fees
Taxation creditor released
 Unrestricted
Funds
Total
2022
Unrestricted
Funds
Total
2021
£
£
£
£
(31,005)
(31,005)
-
-
410,122
410,122
1,847,054
1,847,054

(3,180,702)

(3,180,702)

1,639,932

1,639,932
661,477
661,477
-
-
(2,999,735)
(2,999,735)
-
-
(5,139,843)
(5,139,843)
3,486,986
3,486,986
Unrestricted
Funds
Total
2022
Unrestricted
Funds
Total
2021
£
£
£
£
51,179
51,179
-
-
-
-
5,116
5,116
91,081
91,081
-
-
142,260
142,260
5,116
5,116

**9. Other

income**

**10. Net

expenditure**


Net expenditure is stated after charging:
Depreciation of tangible fixed assets
Auditor’s fees
•
Audit
•
Accountancy services
Analysis of expenditure on raising funds


Investment management fees
Support costs - staff
Support costs - other



Investment management fees
Support costs - staff
Support costs - other
 Unrestricted
Funds
£
207,446
-
-		 2022
2021
£
£
143,949
150,479


20,000
14,700
9,500
11,752
Restricted
Funds
Total
2022
£
£

-
207,446

-
-

-
-
207,446
-
207,446
Unrestricted
Funds
£
204,296
893,403
128,576		 Restricted
Funds
Total
2021
£
£

-
204,296

382,887
1,276,290

55,104
183,680
1,226,275
437,991
1,664,266

**11. Analysis

of expenditure on raising funds**

51 51

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**12. Analysis

of expenditure on charitable activities**

Analysis of expenditure on charitable activities


Activity

Coaching
Education
Community
Player Welfare
Youth Advisory
Equality
Benevolent
Total

Activity

Coaching
Education
Community
Player Welfare
Youth Advisory
Equality
Benevolent
Total
Activities
undertaken
directly
Grant funding
activities
Support &
Governance
costs

Total
2022
£
£
£
£
62,885
18,000
-
80,885
1,421
1,326,226
30,723
1,358,370
20,215
4,583,519
153,616
4,757,350
205,182
1,086,218
92,170
1,383,570
-
-
-
-
71,581
305,400
-
376,981
96,491
316,294
337,955
750,740
457,775
7,635,657
614,464
8,707,896



Activities
undertaken
directly
Grant funding
Activities
(restated)
Support &
Governance
costs

Total
2021
£
£
£
£
1,300,822
415,250
1,223,212
2,939,284
687,673
3,498,621
570,831
4,757,125
333,817
4,429,950
326,190
5,089,957
539,723
847,270
163,095
1,550,088
118,809
-
81,547
200,356
608,089
273,980
570,832
1,452,901
1,030,194
814,039
81,547
1,925,780
4,619,127
10,279,110
3,017,254
17,915,491

Expenditure on charitable activities was £8,707,896 (2021: £17,915,491) of which £3,557,155 (2021: £15,827,505) was unrestricted and £5,150,741 was restricted (2021: £2,087,986).

52 52

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**13. Grant

funding activities**

13. Grant funding activities
2022 2021
£ £
(Restated)
Grants payable to institutions 5,830,919 7,608,450
Grants payable to individuals 478,512 1,856,621
Grants payable on behalf of individuals 1,326,226 814,039
7,635,657 10,279,110

The number of grants paid to individuals during the year was 363 (2021: 638). Grants payable
on behalf of individuals are those paid to third parties such as universities, during the year 1,406
grants were made (2021: 1,395).

Analysis of grants payable to institutions:		 2022 2021
Name of institution £ £
Football Conference Community 1,200,000 1,200,000
Football Scholarship Funding - 1,642,000
The Premier League PFA Community Fund 400,000 400,000
The English Football League Trust 2,800,000 2,800,000
Player to Coach Scheme - 415,250
Capital City Academy 175,000 -
Fairplay Awards 7,500 15,000
Kick it Out 158,000 118,500
Show Racism the Red Card 50,000 50,000
On the Board 38,400 48,480
Blueprint For All 59,000 57,000
FA Medical 524,000 447,270
Sporting Chance 400,000 400,000
Sundry grants 19,019 14,950
5,830,919 7,608,450

53 53

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**

**14. Analysis

of support costs**

The Charity initially identifies the cost of its support functions.

It then identifies those costs which relate to the governance function.

Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between the Charity activities undertaken (see note 12) in the year. Refer to table below for the basis for apportionment and the analysis of support and governance costs.



General
Governance
Total
Basis of
Support 2022 allocation
£ £ £ £
Staff costs recharged 162,718 - 162,718 Staff time
Other costs recharged - - - Staff time
Senior persons role 46,218 - 46,218 Costs incurred
IT and communications 91,455 - 91,455 Staff time
Legal costs - 74,836 74,836 Costs incurred
Insurance 50,570 - 50,570 Costs incurred
Depreciation 143,949 - 143,949 As incurred
Audit and accountancy - 37,140 37,140 Costs incurred
Sundries 3,812 3,766 7,578 Staff time
Total 498,722 115,742 614,464



General
Governance
Total
Basis of
Support 2021 allocation
£ £ £ £
Staff costs recharged 2,084,607 - 2,084,607 Staff time
Other costs recharged 261,048 - 261,048 Staff time
IT costs 341,130 - 341,130 Staff time
Legal costs - 130,981 130,981 Costs incurred
Insurance 15,337 - 15,337 Costs incurred
Depreciation 150,479 - 150,479 As incurred
Audit and accountancy - 31,742 31,742 Costs incurred
Sundries 1,930 - 1,930 Staff time
Total 2,854,531 162,723 3,017,254

54 54

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**15. Analysis

of staff costs, Trustee remuneration and expenses, and the cost of key management personnel**

All staff are employed by the Union. It provides key management personnel to the Charity, and it is on this basis that the Union is considered a related entity.

Total staff costs were as follows:

is on this basis that the Union is considered a related entity.

Total staff costs were as follows:


Salaries and wages
Social security costs
Pension costs – defined contributions

 2022
2021
£
£
193,783
6,853,946
26,231
923,351
19,008
485,807
239,022
8,263,104

During the year ended 30 June 2022 the Union donated service to the charity in relation to the Union employees working to deliver the Charity’s programmes and other activities. The Charity has recognised a cost of £239,022 (2021: £6,228,689) in this respect.

**Staff

numbers**

The average number of employees (headcount), as employed by the Union, during the period was 12 (2021: 65).

**Higher

paid staff**

The number of staff whose remuneration, was donated to the Charity, exceeded £60,000 was:



£60,000 - £70,000
£70,000 - £80,000
£80,000 - £90,000
£90,000 - £100,000
£100,000 - £110,000
£110,000 - £120,000
£170,000 - £180,000
£250,000 - £260,000
£270,000 - £280,000
£280,000 - £290,000
£300,000 - £310,000
£1,740,000 - £1,750,000
£1,750,000 - £1,760,000

 2022
2021
No
No
-
12
-
4
-
4
-
2
1
2
-
-
-
1
-
-
-
1
-
1
-
-
-
-
-
1
1
28

These figures represent the expense recognised by the Charity, not the remuneration paid by the Union to its employees.

55 55

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

FOR THE YEAR ENDED 30 JUNE 2022

**Key

management personnel**

In the current year the key management personnel of the Charity comprises

Mr S Claus Mr D Wilson Mr J Bramhall Dr M Bennett

In the previous year the key management personnel of the Charity and the related entity which provided the services, the Union, comprise the Trustees, Chief Executive Officer, Director of Finance, Assistance Chief Executives and Head of Departments. The employee benefits of the key management personnel in 2021 was £3,491,910.

During the year the Trustees engaged the services of a Clerk, Mr S Claus. The Charity met the cost of this service. The Director of Finance resigned as a Trustee on 1 July 2022. Total employee benefits of the key management personnel provided via the donated services from the Union in 2022 was £131,037. The reduction in the value of the donated services is due to the progression of structural changes within the management and administration of the delivery of the Charity’s activities.

**16. Related

party transactions – Trustees’ remuneration and expenses**

Mr G Taylor OBE’s contract as Chief Executive of the Union was terminated with effect from 30 June 2021. During the year remuneration (including bonus) totalling £Nil (2021: £3,098,381), pension contributions £Nil (2021: £Nil) and benefits totalling £Nil (2021: £57,151) were paid to Mr G Taylor OBE by the Union.

During the current year remuneration was paid by the Union to Mr D Wilson being Trustee of the Charity, arising from his position as Director of Finance with the PFA. Mr D Wilsons contract as Director of Finance of the Union was terminated with effect from 30 June 2022. Remuneration (including bonus) totalling £101,630 (2021: £324,816), pension contributions £8,782 (2021: £8,985) and benefits totalling £nil (2021: £13,025) were paid to Mr D Wilson by the Union.

No other Charity Trustee received payment for professional or other services supplied to the Charity (2021: £Nil) other than disclosed in Note 25.

Four trustees were paid travel expenses during the year totalling £3,115 (2021: £1,981 – Four trustees).

17. Corporation tax

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

56 56

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**18. Tangible

fixed assets**

**(a)

Heritage assets**




Held on the balance sheet


Cost at 1 July


Additions


Disposals


Carrying amount at 30 June




2022
£

2021
£
Purchases and additions
£Nil
£Nil		 2022
2021
£
£
10,783,120
10,783,120
-
-
(1,146,005)
-
9,637,115
10,783,120

2020
£

2019
£

2018
£
13,900
1,085,371
855,832

No impairment of heritage assets has been recognised during the year (2021: £Nil) and there were disposals totalling £1,146,005 during the year (2021: £Nil).

**(b)

Other fixed assets**


Cost
At 1 July 2021
Additions
Disposals
Revaluation gain
Impairment
Transfer to Investments
At 30 June 2022

Depreciation
At 1 July 2021
Depreciation
Released on disposals
Impairment
At 30 June 2022

Net Book Value
At 30 June 2022
At 30 June 2021

 Freehold
Property
Leasehold
Property
Property
Improv’ts
Fixtures and
fittings

Total
£
£
£
£
£
5,200,445
1,353,523
2,043,809
307,664
8,905,441
-
-
-
10,374
10,374
-
-
-
(112,036)
(112,036)
-
661,477
-
-
661,477
(1,375,445)
-
(2,043,809)
-
(3,419,254)
(3,825,000)
(2,015,000)
-
-
(5,840,000)
-
-
-
206,002
206,002










-
-
317,328
245,210
562,538
-
-
102,191
41,758
143,949
-
-
-
(112,036)
(112,036)
-
-
(419,519)
-
(419,519)
-
-
-
174,932
174,932










-
-
-
31,070
31,070
5,200,445
1,353,523
1,726,481
62,454
8,342,903

57 57

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

19. Investments


Cost or valuation
At 1 July 2021
Additions
Transfer from fixed assets
Disposals
Net loss on revaluations
At 30 June 2022

Historical cost

Accumulated unrealised
investment gains		 Investment
Property
Listed
Investments
Bank
Investments

Total
£
£
£
£
-
30,867,794
707,962
31,575,756
-
3,458,325
878,834
4,337,159
5,840,000
-
-
5,840,000
-
(3,508,498)
-
(3,508,498)
-
(3,180,701)
-
(3,180,701)
5,840,000
27,636,920
1,586,796
35,063,716



-
25,722,957
1,586,796
27,309,753





1,913,963


-


1,913,963

The Investment properties were valued as at 31 March 2022 by Eddisons, an independent professional qualified valuer.

**20.

Debtors**




Trade debtors
Prepayments and accrued income
Loans
Other debtors

reditors



Trade creditors
Grants payable
Other creditors
 2022
2021
£
£
97,261
55,905
425,053
17,564
81,045
388,316
106,246
2,067,018
709,605
2,528,803
2022
2021
£
£
288,897
262,191
3,104,171
3,538,473
-
523,081
3,393,068
4,323,745

**21.

Creditors**

58 58

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**22.

Statement of funds**





Unrestricted funds

Restricted funds
Benevolent Fund
PFA Trade Union

Total Funds



Unrestricted funds

Restricted funds
Benevolent Fund
PFA Trade Union
Union Learning
Funding

Total Funds

1 July
2021

Incoming
Resources


Expenditure

Net gains/
(Losses)


Trfs

30 June
2022
£
£
£
£
£
£
47,854,632
1,360,043
(3,764,601)
(5,139,843)
-
40,310,231












6,647,386
-
(750,741)
-
-
5,896,645
4,400,000
-
(4,400,000)


-
11,047,386
-
(5,150,741)
-
-
5,896,645
58,902,018
1,360,043
(8,915,342)
(5,139,843)
-
46,206,876

1 July
2020

Incoming
Resources


Expenditure
Net
gains/
(Losses)


Trfs

30 June
2021
£
£
£
£
£
£
54,397,916
8,530,177
(17,053,780)
3,486,986
(1,506,667)
47,854,632












7,504,491
-
(2,363,772)
-
1,506,667
6,647,386

4,400,000
-
-
-
4,400,000

-
162,205
(162,205)
-
-
-
7,504,491
4,562,205
(2,525,977)
-
1,506,667
11,047,386
61,902,407
13,092,382
(19,579,757)
3,486,986
-
58,902,018

Restricted funds are the balances transferred from the Benevolent Fund at 30 June 2014.

Union Learning Funding (“ULF”) was for the delivery of ULF projects.

PFA Trade Union was to support grants to the English Footballer League Trust and Football Conference Community.

59 59

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**

**23.

Analysis of net assets between funds**

Analysis of net assets between funds



Tangible fixed assets
Investments
Current assets
Current liabilities
 Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
31,070
-
31,070
38,804,186
5,896,645
44,700,831
4,868,043
-
4,868,043
(3,393,068)
-(3,393,068)
40,310,231
5,896,645
46,206,876

**24.

Financial instruments**

The carrying amount for each category of financial instrument is as follows:



Financial assets measured at fair value through income and
expenditure
Financial assets measured at fair value through statement of
financial activities

Financial liabilities measured at amortised cost through income
and expenditure
Financial liabilities measured at amortised cost through statement
of financial activities

 2022
2021
£
£



27,636,920

30,867,794





3,393,068

4,323,745

Financial assets measured at fair value through the statement of comprehensive income comprise quoted fixed asset investments.

Financial liabilities measured at amortised cost comprise trade creditors, grants payable and other creditors.

60 60

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**25.

Related party transactions**

The Union -­‐ The Union provides the Charity with management and operational support in the delivery of the Charity’s activities. Mr D Wilson was an employee of the Union (Director of Finance) and was, by virtue of the Charity’s governing document, an ex-­‐officio Trustee of the Charity until he stepped down on the 30 June 2022. The Management Committee (now Players’ Board) of the Union previously had the right to nominate two Trustees of the Charity. The two nominated Trustees are currently Mrs J Newcombe and Mrs M Shafaq. The Charity advanced grant funds of £2.2m in 2020/21 to the Union to cover anticipated grant funded activities to be incurred in the 2021/22 year. The Union has applied £1.8m of these funds in 2021/22 in accordance with grant conditions and the remainder is owed by the Union to the Charity. There are ongoing negotiations with the Union as to whether this will be repaid or form part of a future grant award. During the year the Charity also received rental income from the Union. The Union staff time provided free of charge to the charity has been recognised within income as donated services.

PFA Enterprises Limited – Mr D Wilson was a director until 30 June 2022. During the year the Charity received rental income and interest charges from PFA Enterprises Limited.

The interest charges arise from a loan of £106,250, with interest payable to the Charity at 2% over the Royal Bank of Scotland plc’s base rate. The loan was fully repaid on the 2 September 2022.

Pro-­‐Sport Wealth Management Limited – Mr G Griffiths – a Trustee of the Charity – is a director of Pro-­‐Sport Wealth Management Limited.

Pro-­‐Sport Wealth Management Limited acts as an investment adviser to the Charity.

Capital City Academy – Mr G Crooks -­‐ a Trustee of the Charity -­‐ is Chair of the Board of Trustees of Capital City Academy.

The Charity awarded grant funding to Capital City Academy in the year.

PFA Accident Fund – Mr D Wilson held a senior management role for the PFA Accident Fund, a separately administered fund within the PFA. In 2020/21 the Charity received rental income from the PFA Accident Fund.

League Football Education (a registered Charity) – Mr D Wilson was a Trustee of this Charity until 30 June 2022. The Charity provided grant funding to League Football Education in 2020-­‐21 to support its educational initiatives with apprentice footballers.

Related party transactions during the year were as follows:


Income

Expenditure
during Debtor during Creditor
2022 2022 2022 2022
£ £ £ £
The PFA 621,112 467,652 - -
PFA Accident Fund - - - -
PFA Enterprises Limited 82,681 108,804 - 509
ProSport Wealth Management - - 27,000 -
League Football Education - - - -
Capital City Academy - - 175,000 175,000

61 61

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**25.

Related party transactions (continued)**

----- Start of picture text -----
|||||| |---|---|---|---|---| |Income|Expenditure| |during|Debtor|during|Creditor| |2021|2021|2021|2021| |£|£|£|£| |The PFA|4,826,498|1,960,769|15,827|-­‐| |PFA Accident Fund|-­‐|-­‐|3,563|-­‐| |PFA Enterprises Limited|134,252|-­‐|-­‐|323,342| |ProSport Wealth Management|-­‐|-­‐|40,749|9,000| |League Football Education|5,116|-­‐|1,642,000|-­‐|

----- End of picture text -----

**26.

Statement of Financial Activities (including Income and Expenditure) for the year ended 30 June 2021**

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |Funds|Funds|Funds| |2021|2021|2021| |£|£|£| |Incoming Resources| |Donations and legacies|7,360,639|4,400,000|11,760,639| |Charitable activities|38,539|162,205|200,744| |Investment income|1,125,883|-­‐|1,125,883| |Other|5,116|-­‐|5,116| |Total Incoming resources|8,530,177|4,562,205|13,092,382| |Expenditure on:| |Raising funds|1,226,275|437,991|1,664,266| |Charitable activities|15,827,505|2,087,986|17,915,491| |Total Expenditure|17,053,780|2,525,977|19,579,757| |Net (expenditure)/income| |before gains on investments|(8,523,603)|2,036,228|(6,487,875)| |Net gains on investments|3,486,986|-­‐|3,486,986| |Net Income / (expenditure)|(5,036,617)|2,036,228|(3,000,389)| |Transfers|(1,506,667)|1,506,667|-­‐| |(6,543,284)|3,542,895|(3,000,389)| |Reconciliation of funds:| |Total funds brought forward|54,397,916|7,504,491|61,902,407| |Total funds carried forward|47,854,632|11,047,386|58,902,018|

----- End of picture text -----

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

62 62

THE PLAYERS FOUNDATION

**NOTES

TO THE FINANCIAL STATEMENTS**

**FOR

THE YEAR ENDED 30 JUNE 2022**

**27.

Analysis of Net Debt**

27. Analysis of Net Debt



Cash at bank and in hand
Net Debt		 At 1 July
2021

Cashflows
At 30 June
2022
£
£
£
9,995,181
(5,836,743)
4,158,438
9,995,181
(5,836,743)
4,158,438

**28.

Operating Leases**

The total future minimum lease payments under non-­‐cancellable operating leases are as follows:



Not later than one year
Later than one year and not later than five years
 2022
2021
£
£
3,593
57,137
-
3,593
3,593
60,730

**29.

Post Balance Sheet Event**

Post year end there have been further disposals of heritage assets which have resulted in sales proceeds in excess of the carrying value at 30 June 2022. The fourteen heritage assets in total were sold for £3.44m more than the carrying value.

63 63