## **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**
**----- Start of picture text -----**
||||
|---|---|---|
|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|
**----- End of picture text -----**
1 1
**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
2 2
## **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:
- To
advance
the
education
of
beneficiaries.
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;
- To
promote
good
health
amongst
beneficiaries;
- The
relief
of
such
beneficiaries
and
their
dependents
who
are
in
conditions
of
need,
hardship
and distress
and
find
themselves
in
necessitous
circumstances;
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;
- To
advance
the
education
of
the
public
in
such
ways
as
the
Trustees
shall
think
fit.
Without
prejudice
to the
generality
of
the
foregoing
to
provide
education
in
respect
of
history,
the
development
and
social impact
upon
English
national
life
of
the
game
of
football,
including
activities
such
as
the
preservation and
display
of
artefacts
and
memorabilia
of
education
and
historic
value;
- To
support
and
promote
community
participation
and
healthy
recreation
(including
the
advancement
of amateur
sport)
by
providing
facilities
for
the
playing
of
football
and
other
sports
capable
of
improving physical
health,
including
provision
to
address
drug
addiction
or
addiction
of
any
kind;
- To
provide
and
assist
in
providing
facilities
for
sport,
recreation
and
other
leisure
time
occupations
of such
persons
who
have
a
need
for
such
facilities
by
reason
of
their
age,
youth,
infirmity
or
disablement, poverty
or
social
and
economic
circumstances
or
for
the
public
at
large
in
the
interests
of
social
welfare and
with
the
object
of
improving
their
conditions
of
life;
- To
advance
good
community
relations
and
particularly
at
football
events
by
endeavouring
to
eliminate discrimination
on
grounds
of
race,
nationality,
or
ethnic
or
national
origin
and
by
encouraging
equality of
opportunity
and
diversity
for
the
benefit
of
the
public
and
to
advance
in
partnership
with
the
police, local
authorities,
other
statutory
bodies
and
community
and
voluntary
agencies
for
the
protection
of people
and
property
from
criminal
acts;
and
- The
furtherance
of
such
charitable
purpose
or
purposes
as
the
Trustees
shall
from
time
to
time
think
fit.
3 3
## **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:
- To
facilitate
and
implement
a
co-‐ordinated
and
structured
approach
to
increased
player
support
for community
initiatives.
- Working
with
a
range
of
partners
including
the
National
League
Trust,
Premier
League,
The
English Football
League
Trust
Limited,
Football
Foundation,
The
National
Literacy
Trust,
Kick
it
Out,
Show
Racism the
Red
Card,
and
others
on
community
initiatives
and
to
promote
the
benefit
of
sport,
exercise
and healthy
lifestyles;
- To
collate
and
present
a
statistical
analysis
linked
to
several
designated
themes:
Health,
Education, Social
Inclusion,
Anti-‐racism,
Disabilities,
Girls/Women,
and
Schools,
with
Safeguarding
Children
a
strand running
through
all
activities;
and
- To
evaluate
player
involvement
in
those
organisations
where
the
Charity
has
pledged
financial
support i.e.,
Community
Club
Organisations,
The
National
Literacy
Trust,
Kick
it
Out,
and
Show
Racism
the
Red Card.
## _**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.
4 4
## **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:
- Accountancy;
- Train
to
become
a
Financial
Adviser;
- Becoming
a
Teacher;
- Counselling;
- Train
to
Become
a
City
&
Guilds
Accredited
Locksmith;
- Personal
Training;
- Physiotherapy;
and
- Train
to
teach
Body
Control
Pilates.
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:
- American
Scholarships;
- Executive
Master
for
International
Players;
- BSc
(Hons)
Sport:
Coaching
and
Development
(Distance
Learning);
- University
Campus
of
Football
Business
(UCFB);
- VSI
MSc
Sports
Directorship;
- The
FIFA
Master;
- BSc
(Hons)
Sport
Science;
- BA
(Hons)
Professional
Sports
Writing
and
Broadcasting;
- Virtual
Learning
|
Football
Marketing
&
Management;
- BSc
(Hons)
Physiotherapy
at
York
St
John
University;
- CPCAB
level
2
Certificate
in
Counselling
Skills;
- Level
2
Award
in
Counselling
Skills
for
Working
with
Children;
- LMA
Diploma
in
Football
Management;
- Charity
&
Learning
Curve
Level
2
Courses;
and
- BSc
(Hons)
Physiotherapy
at
Salford
University
(part-‐time).
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.
5 5
## **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:
- Private
medical
insurance
premiums,
though
there
is
a
separate
fund
within
the
Union
(PFA Accident
Fund)
available
to
help
with
the
cost
of
medical
treatment;
- Any
monies
to
help
set
up
or
run
businesses;
- A
regular
weekly
income;
- Any
debts
owed
to
family
or
friends
and;
6 6
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**
- Any
court
fines.
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**_
- The
Charity
also
funds
ongoing
research
into
head
injuries
in
sport
through
the
International Concussion
and
Head
Injury
Research
Foundation,
examining
jockeys
and
footballers.
- The
Charity
notes
that
Government
and
other
sports
are
now
closely
concerned
about
the impact
of
head
injury
in
sport,
and
we
are
monitoring
developments
closely.
7 7
## **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
Charity
is
expecting
to
consider
the
results
of
an
international
Scientific
Conference
held
in Amsterdam
in
2022,
and
we
will
monitor
the
science
in
this
area
closely.
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
Charity’s
reputation,
money
and
other
assets
are
protected;
- All
applicable
laws
and
regulations
are
complied
with;
- Recognised
standards
of
best
practice
are
subscribed
and
adhered
to;
and
- The
Charity
is
open
and
accountable
to
any
donors,
supporters,
and
the
public
in
general.
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
9 9
## **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:
- Procurement;
- Complaints;
- Risk
management;
- Safeguarding;
- Conflicts
of
interest;
- Data
protection;
- Anti-‐corruption
and
bribery;
- Grant
making;
- Expenses;
- Financial
Policy;
- Investment
Policy;
- Corporate
sponsorship;
- Roles
and
Responsibilities
of
Trustees;
and
- Strategy.
10 10
## **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:
- League
Football
Education
(a
registered
Charity)
–
Mr
D
Wilson
was
a
Trustee
of
this
Charity until
30
June
2022.
- 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
1[st] July
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.
When
their
term
of
office
expires, they
can
be
considered
for
appointment
as
co-‐opted
Trustees
should
they
wish
to
serve another
term.
- The
Trustees
would
like
to
gratefully
acknowledge
the
dedicated
service
of
Mr
D
Wilson. Darren
has
given
a
significant
amount
of
his
time
voluntarily
in
his
capacity
as
a
Trustee
and
his great
wisdom
and
dedication
will
be
missed.
- PFA
Enterprises
Limited
–
Mr
D
Wilson
was
a
director
until
30
June
2022.
During
the
year
the Charity
received
rental
income
and
interest
charges.
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
2nd
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
advisor
to
the
Charity.
## _**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:
- Identification
and
regular
review
of
major
risks
directly
linked
to
strategic
aims
and
objectives and
their
mitigating
action.
- Identification
and
regular
review
of
other
major
risks
and
their
mitigating
action.
- Assessment
of
risks
in
terms
of
their
likelihood
and
impact.
- Evaluation
of
what
action
needs
to
be
taken.
- Periodic
monitoring
of
risks.
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.
16 16
**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.
- 1,251
grants
and
bursaries
for
accredited
courses
- 200
beneficiaries
of
bespoke
or
sponsored
programmes
## **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:**
- BSc
Strength
&
Conditioning
- BA
Accounting
&
Finance
- BSc
Sport
&
Exercise
Science
- BSc
Real
Estate
Management
- BSc
Criminology
&
Forensic
Science
- BSc
Psychology
- BA
Entrepreneurial
Business
Management
- BSc
Civil
Engineering
- BSc
Finance
&
Business
Analytics
- BSc
Mathematics
- BA
Film
&
Television
Production
- LLB
Law
&
Criminology
- BA
Politics
&
International
Relations
- BA
Primary
Education
22 22
## **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
Charity
also
provides
funding
for
beneficiaries
through
postgraduate
qualifications,
examples include:**
- PGCE
Teacher
Training
- MSc
Counselling
&
Psychotherapy
- MBA
(Business
Administration)
- Leading
Innovation
&
Change
- Finance
&
Risk
Management
- MSc
Data
Analytics
&
Finance
Data
Design
- MSc
Applied
Criminology
- MSc
Tropical
Disease
Biology
- MSc
Osteopathy
## **Key
Successes**
- Representing
the
overall
high
standard
of
achievement
of
beneficiaries
in
higher
education, Tom
Adeyemi
graduated
with
the
Royal
Society
of
Biology
Award
for
the
highest
score achieved
in
his
Open
University
year
group.
- Matthew
Keogh
won
the
Peter
Warburton
Award
for
outstanding
academic
achievement, for
gaining
the
highest
average
grade
in
his
graduating
class
for
Sport
and
Exercise
Science
at Durham
University.
- Support
for
current
players
undertaking
degrees
in
Business
Management,
Medicine, Engineering,
Psychology,
Sport
&
Exercise
Science,
Economics
and
Finance.
|**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:**
- UEFA
B,
A,
Pro
Licences
- AAT
Level
1,
2,
3
&
4
- CIMA
/
ACCA
/
Mortgage
Advisor
/
Chartered
Insurance
Institute
Qualifications
- Level
2
Gym
Instructor
&
level
3
Personal
Training
/
massage
/
nutrition
- Electrical
Installations,
Plastering,
Pluming,
Gas
training
- Barbering
- Offshore
training
/
IRATA
Rope
Access
**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
## **THE
PLAYERS
FOUNDATION**
## **(COMPANY
LIMITED
BY
GUARANTEE)**
**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.
- To
utilise
all
form
of
media
to
reach
increased
numbers
of
young
people
with
an
anti-‐racism message.
- To
further
develop
programmes
of
anti-‐racism
workshop
delivery
to
young
people
and adults.
- To
maintain,
sustain
and
continuously
strengthen
funding
partnerships
with
Government, Local
Authorities,
Trade
Unions,
police,
corporate
partners,
and
other
charities
throughout England,
Scotland,
and
Wales
to
generate
income
through
sales
of
products
/
services
and participation
at
fund-‐raising
events.
- To
strengthen
adult
education,
to
train
people
in
workplaces
so
they
can
create
more
equal work
environments
and
know
to
respond
appropriately
to
racism.
- To
respond
quickly
to
tackle
emerging
trends
in
racist
attitudes
by
raising
the
profile
of
the issue
of
racism
amongst
policy
makers,
the
media
and
those
working
within
education.
- To
equip
those
working
within
education
to
better
tackle
racism
and
promote
equality
in
the classroom
and
throughout
the
whole
school
environment.
## **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
**THE
PLAYERS
FOUNDATION**
## **(COMPANY
LIMITED
BY
GUARANTEE)**
**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:
- Changing
the
culture
of
football
organisations.
- Eliminating
and
educating
about
poor
behaviour
at
games.
- Changing
attitudes
and
perceptions.
- Ensure
education
underpins
all
to
support
football.
- Monitoring
and
evaluating
activities.
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.
- 380
reports
in
the
professional
game
- 48%
of
those
being
to
report
racism
- 18%
religion
and
faith
- 2%
disability
- 28%
sexual
orientation
- 2%
gender
- 43%
of
the
abuse
was
fan
to
player
- 30%
of
the
abuse
was
fan
to
fan
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**
## **(COMPANY
LIMITED
BY
GUARANTEE)**
**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
history
of
discrimination
in
sport
- -‐ The
Equality
Act
and
how
it
protects
people
from
discrimination
- -‐ Types
of
abuse
on
and
off
the
pitch
- -‐ Discrimination
on
social
media
- -‐ Dealing
with
abuse
during
matches
- -‐ The
impact
music
and
popular
culture
can
have
on
negative
stereotypes.
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:
- -‐ 700
Premier
League
academy
players
- -‐ 1800
EFL
academy
players
- -‐ 11
age
groups,
from
under-‐9
to
under-‐23
“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
LIMITED
BY
GUARANTEE)**
**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**
**(COMPANY
LIMITED
BY
GUARANTEE)**
**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**
**(COMPANY
LIMITED
BY
GUARANTEE)**
**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
**THE
PLAYERS
FOUNDATION**
**(COMPANY
LIMITED
BY
GUARANTEE)**
**TRUSTEES’
ANNUAL
REPORT
(INCORPORATING
THE
STRATEGIC
AND
DIRECTORS’
REPORTS)** _**(continued)**_
**FOR
THE
YEAR
ENDED
30
JUNE
2022**
## **Residential
Treatment
Placement**
- **7
Psychiatric
Assessments
were
carried
out
in
this
period.**
- **35
clients
have
been
in
residential
treatment
in
this
period.**
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
**THE
PLAYERS
FOUNDATION**
## **(COMPANY
LIMITED
BY
GUARANTEE)**
**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:**
- Email:
wellbeing@thepfa.co.uk
- Telephone:
24hr
Online
Abuse
Helpline
- Telephone:
24hr
Counselling
Helpline
- Contact
a
Union
Player
Wellbeing
Member
of
Staff
- Report
Via
the
Workshop
Survey
34 34
**THE
PLAYERS
FOUNDATION**
**(COMPANY
LIMITED
BY
GUARANTEE)**
**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:
- listening
and
emotional
support
from
someone
who
can
relate;
- a
detailed
knowledge
of
the
criminal
justice
and
civil
systems;
- signposting
wellbeing
support
such
as
therapy
and
counselling;
- sharing
information
about
legal
processes
and
specialist
representation;
- preparing
you
for
what
to
expect
if
you
pursue
a
claim;
- advice
about
debt,
benefits
and
housing;
- help
with
applications
for
further
support
via
the
Charity
and
Football
Association’s
Benevolent Fund.
-
## **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:
- select
suitable
accounting
policies
and
then
apply
them
consistently;
- observe
the
methods
and
principles
in
the
applicable
Charities
SORP;
- make
judgments
and
accounting
estimates
that
are
reasonable
and
prudent;
- state
whether
applicable
UK
Accounting
Standards
have
been
followed,
subject
to
any
material departures
disclosed
and
explained
in
the
financial
statements;
- prepare
the
financial
statements
on
the
going
concern
basis
unless
it
is
inappropriate
to
presume that
the
Charity
will
continue
in
business.
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:
- so
far
as
they
are
aware,
there
is
no
relevant
audit
information
of
which
the
Charity's
auditor
is unaware;
and
- they
have
taken
all
steps
that
they
ought
to
have
taken
as
a
trustee
to
make
themselves
aware
of any
relevant
audit
information
and
to
establish
that
the
Charity's
auditor
is
aware
of
that information.
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:
- give
a
true
and
fair
view
of
the
state
of
the
charitable
company’s
affairs
as
at
30
June
2022
and
of
its incoming
resources
and
application
of
resources,
including
its
income
and
expenditure,
for
the
year then
ended;
- have
been
properly
prepared
in
accordance
with
United
Kingdom
Generally
Accepted
Accounting Practice;
- have
been
prepared
in
accordance
with
the
requirements
of
the
Companies
Act
2006.
## **Basis
for
Opinion**
We
conducted
our
audit
in
accordance
with
International
Standards
on
Auditing
(UK)
(ISAs
(UK))
and applicable
law.
Our
responsibilities
under
those
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:
- the
information
given
in
the
Trustees'
report
(which
includes
the
directors’
report
and
the
strategic report
prepared
for
the
purposes
of
company
law)
for
the
financial
year
for
which
the
financial statements
are
prepared
is
consistent
with
the
financial
statements;
and
- the
strategic
report
and
the
directors’
report
included
within
the
Trustees’
report
have
been
prepared in
accordance
with
applicable
legal
requirements.
## **Matters
on
Which
We
are
Required
to
Report
by
Exception**
In
the
light
of
the
knowledge
and
understanding
of
the
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:
- adequate
accounting
records
have
not
been
kept,
or
returns
adequate
for
our
audit
have
not
been received
from
branches
not
visited
by
us;
or
- the
financial
statements
are
not
in
agreement
with
the
accounting
records
and
returns;
or
- certain
disclosures
of
Trustees'
remuneration
specified
by
law
are
not
made;
or
- we
have
not
received
all
the
information
and
explanations
we
require
for
our
audit.
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:
- We
obtained
an
understanding
of
laws
and
regulations
that
affect
the
Charity,
focusing
on
those
that had
a
direct
effect
on
the
financial
statements
or
that
had
a
fundamental
effect
on
its
operations.
Key laws
and
regulations
that
we
identified
included
the
Financial
Reporting
Standard
applicable
in
the
UK and
Republic
of
Ireland
(FRS
102)
and
the
Statement
of
Recommended
Practice
applicable
to
Charities.
- We
enquired
of
the
Trustees
and
reviewed
Board
meeting
minutes
for
evidence
of
non-‐compliance with
relevant
laws
and
regulations.
- We
enquired
of
the
Trustees
about
any
incidences
of
fraud
that
had
taken
place
during
the
accounting period.
- The
risk
of
fraud
and
non-‐compliance
with
laws
and
regulations
was
discussed
within
the
audit
team and
tests
were
planned
and
performed
to
address
these
risks.
- We
enquired
of
the
Trustees
about
actual
and
potential
litigation
and
claims.
42 42
**THE
PLAYERS
FOUNDATION**
## **INDEPENDENT
AUDITOR’S
REPORT
TO
THE
MEMBERS
OF THE
PLAYERS
FOUNDATION** _**(continued)**_
## **YEAR
ENDED
30
JUNE
2022**
- We
performed
analytical
procedures
to
identify
any
unusual
or
unexpected
relationships
that
might indicate
risks
of
material
misstatement
due
to
fraud.
- In
addressing
the
risk
of
fraud
due
to
management
override
of
internal
controls
we
tested
the appropriateness
of
journal
entries
and
assessed
whether
the
judgements
made
in
making
accounting estimates
were
indicative
of
a
potential
bias.
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:
- a) Basis
of
preparation
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.
- b) Preparation
of
the
accounts
on
a
going
concern
basis
- There
are
no
material
uncertainties
about
the
Charity’s
ability
to
continue,
therefore,
the
accounts have
been
prepared
on
a
going
concern
basis.
- c) Income
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.
- d) Fund
accounting
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:
- Donated
services.
Services
provided
by
the
Union
on
behalf
of
the
Charity
are
treated
as
donated services,
the
extent
of
the
service
provided
reflects
an
element
of
management
judgement.
This judgement
includes
the
determination
of
the
cost
of
services
for
fundraising
and
charitable activities
assessed
on
the
basis
of
time
undertaken
on
these
activities.
The
basis
of
the
value
of
the cost
and
income
equates
to
the
price
the
Charity
would
expect
to
pay
for
such
services,
and
this
is judged
by
the
Trustees
to
be
the
actual
employment
costs
incurred
by
the
Union
for
the
relevant staff.
- Impairment.
Amounts
held
within
fixed
assets
on
the
balance
sheet
are
reviewed
annually
for impairment.
- Depreciation.
Tangible
fixed
assets
are
depreciated
over
an
estimated
useful
economic
life, considering
residual
values,
where
appropriate.
- Recoverability
of
grants
repayable.
Included
in
prepayments
and
accrued
income
at
the
year
end
is £377,523
of
grants
which
are
repayable
by
the
Union
on
the
basis
that
they
were
not
spent
within the
parameters
of
the
grant
agreement.
There
is
also
a
balance
of
£38,190
of
the
original
grant amount
unspent.
The
total
repayment
due
from
the
Union
therefore
is
£415,713
under
the
terms of
the
contract
in
place
at
the
year
end.
The
balance
was
recovered
in
full
post
year
end.
- e) Expenditure
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
of
raising
funds
comprise
of
the
costs
associated
with
generating
revenue
and
costs
of managing
investment
portfolio.
- Expenditure
on
charitable
activities
includes
expenditure
related
to
the
direct
furtherance
of
the company’s
charitable
objectives,
grants
payable
and
associated
support
costs.
- Grants
paid
to
institutions
are
recognised
as
expenditure
in
the
year
in
which
the
grant
is
formally approved
by
the
Charity.
Grants
to
individuals
are
recognised
as
expenditure
when
the
conditions attached
to
the
grant
are
met.
Grants
on
of
behalf
individuals
are
those
paid
to
third
parties
and are
recognised
as
expenditure
when
the
conditions
attached
to
the
grant
are
met.
- f) Allocation
of
support
costs
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)**_
- g) Operating
leases
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.
- h) Tangible
fixed
assets
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.
- i) Investments
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.
- j) Heritage
assets
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.
- k) Other
financial
instruments
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**
- During
the
previous
year
remuneration
was
paid
by
the
Union
to
Mr
G
Taylor
OBE,
being
Trustee of
the
Charity,
arising
from
his
position
as
Chief
Executive
with
the
Union.
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