Charlty regI￿ratIon number 1172488
Company re8lstratlon number 10626751 IEn8land and Wales)
MICHAEL CARRICK FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

MICHAEL CARRICK FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Graeme Carrick
Kay Carrick
Lisa Carrick
Michael Carrick
joanna Tongue
Nicholas White
Paul Rao
Zllah Chaudhry
(Appointed 25 March 20241
Char5ty number
1172488
Company numb•r
10626751
Reg15tered offlce
8rabners LLP, 9th Floor
100 Barbirolli Square
Manchester
M2 3A8
Independent examlner
Mitchell Charlesworth (Auditl Limited
3rd Floor
44 Peter Street
Manchester
M2 5GP
Bankers
Arbuthnot Latham & Co Llmlted
Arbuthnoi House
7 Wilson Street
London
EC2M 2SN

MICHAEL CARRICK FOUNDATION
CONTENTS
Pagt
Trustees. report
Independent examiner's report
Statement ol financial activities
8alance sheet
Statement ol cash flgws
Note5 to the financial staternents
8-16

MICHAEL CARRICK FOUNDATION
TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statement5 have been prepared in accordance with the accounting policies set out in note I to the financial
statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting bv
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financlal Reportin8 standard applicable in the UK and Republic of I￿land IFRS 1021 (effective l January 20191"
Obltctlves and artlvltlts
The charity's objectives include..
the appllcatlon ol Income for the benefit of such charitable purposes as the trustees may from tlme to time
deterrnine and for the benefit of children supportin8 projects that enable them to fulfil their potential in an
environment that they feel Safe, valued and inspired to achieve.. and
To promote all other purposes reco8nlsed as charitable under the law of En8land and Wales to the beneflt of the
general publlc as the trustees shall from time to tlme determlne.
The trustees confirm that they have referred to the guidance contained in the Charity Commi55ion'5 general guidance on
Publlc Benefit when reviewing the charity's alms and objectives and in planning future activitles.
The trustees have pald due re8ard to 8uldance Issued by the Charity Comrnlssion In decldin8 what actlvities the charltv
should undertake.
Athlèvtrntnts and performan<è
Our purpose and mission have been established wlth the alm of helplng chlldren reach thelr full potentSal by provldln8 safe
envlronments in whlch they can thrlve.
The Foundation is striving to treatè opportunities whère youngstèrs from across Greater Manchester and thè North East
feel safe. valued and inspired tg achieve their lull potential.
Now Its 7th year, the charity iontlnues to run actlvitles both on and off the pltch, with the alm to Inspire and support
youn8 people. The focus contlnues to be on chlldren In dlsadvanta8ed areas of Greater Manchester and the North East.
Workin8 Wlth experienced delivery partners, we strive to make the greatest impact whilst ensurin8 our work in the
communities 15 Sustainable and efficient.
Over the past year, we have run numerou5 extra activities alongside our usual fogtball session5 in Manchester, reaching
over 1,000 children. We've assisted school holiday camps with Wallsend Sporting Club, delivered Back to School packs, and
provided hundreds of football boots throu8h our Carrlck's Boot Room inlliaiive in Middlesbrou8h.
Our participants have been able to enjoy extra-curricular activities, such as CV writing and Social action work5hop5,
alongside Manchester United Foundation at their youth event5. They have a150 attended open water safety and paddle
boarding workshops and taken part in a padel tournament. We have also helped open a new community hub in Wallsend,
which will support In wldenlng our reach to positlvely impact young lives.
FlnancSal revlew
During the year, incoming resources raised amounted to £l(M),62912023.. £150,683). Resources expended on the activities
of the charitable company, including the cost of raising funds, arnounted to £159,52612023.. £256,844). The closing fund
balance is £1,002,08812023 .. £1,023,048) and wlll be utilised in the future for funding charitable events and making further
donations.

MICHAEL CARRICK FOUNDATION
TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves poliry
The charity has designated funds to cover committed future spend.
Based on the charity's current and future operatin8 Costs, the present value ol its investments and the challen8in8
environment in terms ol charitable fundraisin8 as è result ol the cost of living crisis, the Trustees consider it prudent to hold
unrestricted reserves in the 5urn of £50,000. These reserves are intended to potentially cover any shortfall in the medium
term funding plans and a150 cover the charity'5 running costs lor at least a Six month period in the event that income
streams were to ce35e completely. The trustees note that the medium and long term funding proposa15 can be
reconfigured in the event of a substantial shortfall but the trustees. view is that reserves of £50,0(X) should enable the
Charity to fulfill its plans and also funds it$ general operation should any shortfall occur.
The balance held as unresirlcted funds at 31 March 2024 was £1,002,08812023.. £1,023,048) of which £789,08812023..
172,0481 Is regarded as free reserves. Within unrestricted reserves is an amount of £213,00012023., £851,000] which has
been designated for known future Spend.
The b3lance held as restrlcted fund5 at 31 March 2024 was £Nil12023 £NIII. The charity's policy In respect of re5trlcted
funds is to record separately any donations and other Income received where restrictions are imposed that are narrower
than the Charlty's overall oblectlves.
As a result of the reserves policy adopted by the trustees, they have a reasonable expectation that the Charity ha5
adequate resources to continue in operational existence for the fgreseeable future. Accordingly, they continue to adopt
the going concern basis in preparing the financial statements.
Rlsk
The prlnclpal rlsks faced by the Charity Ile In operatlonal rlsks from Ineffectlve 8rant makln8 and the capaclty of the Charltv
to make effecisve 8rants. The rlsk Is mltl8ated by the trtssiees beSn8 Involved In the 8rant makin8 process and 8rants beln8
awarded to established charities who are required to meet appropriate financial regulatory requirements.
The Charity will contlnue to make grants In Ilne with the objectlVe5 and distribute Intome retelved.
Structure* governance and management
The charlty is a company Ilmlted by guarantee. The ¢harStable company is governed by the Memorandum and Articles of
Association which wère laid down at the incorporation of the charitable company on 17 Fèbruary 2017.
The trustees, who are also the directors for the purpose ol company law. and who served during the year and up to the
date o15ign3ture of the flnanclal statements were..
Graeme Carritk
Kay Carrick
Lisa Carrick
Michael Carrick
David Giess
Joanna Tongue
Nicholas White
Paul Rao
Zilah Chaudhry
(Resigned 6 October 20231
(Appointed 25 March 20241

MICHAEL CARRICK FOUNDATION
TRU5TEES' REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Tf115tee5 are appolnted by the Board of Trustees.
None of the trustees has any beneficial interesi In the Charlty. of the trustees are member5 of ihe Charlty and 4varantee
to contribute £1 in the eveni of a windlng up.
The trustee5 considerthe board ol tru5tee5 as comprlslng the key management personnel ol the charllable company In
charge ol dlfecring and conirollln8 the charitable company and running and oporatln8 the charitable company on a day to
day basis. All trustees 8lve their lime freely and no irusiee remuneraiion was paid In ihe period.
Trustees are iequired to disclose all relevant Interests and re8lster them and brt accordance wlth ihe charitable company,
pollcy wlthdravrf Irom det1510ns where a confllct tsl Interest arlses.
The trustee5' rep)rt wa5 approved by the Board of Trustee5.
p.i L.
Paul Aao
Trustee
1711012024

MICHAEL CARRICK FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MICHAEL CARRICK FOUNDATION
I report to the trustees on my examination of the financial statements of Michael Carrick Foundation Ithe charity) for the
vear ended 31 March 2024.
Re5ponsibilitie5 and basis of report
As the trustees ol the charity land also Sts dSrectors for the purposes of company lawl you are responslble lor the
preparation of the financial staternents in accordance with the requirernents of the Companies Act 2006 Ithe 2006 Act).
Havlng satlsfied myself that the financial statements of the charlty are not requlred to be audlted under Part 16 01 the
2006 Act and are eligible for independent examinatlon, I report in respeci of my examinatlon of the charity's financial
statement5 carried out under section 145 of the Charitie5 Act 2022 (the 2012 Act). In carrying Out rny exarnination I have
followed all the applicable Directions given by the Charity Commission under section 14515llbl ol the 2022 Act.
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attention Sn connectlon wlth the
examlnatlon 8iving me cause to belleve that in any materlal respect..
accounting record5 were not kept in respect ol the charity 35 required by section 386 of the 2006 Act.. or
the financial statement5 do not accord with those records., or
the flnanclal statements do not comply wlth the accountlng requlrements of sectlon 396 of the 2006 Act other than
any requirement that the accounts 8lve a truè and fair view which is not a matter consldered as part of an
independent examination.. or
the financial statements have not been prepared in accordance with the methods and principles ol thè Statement
of Recommended Practice for accounting and reporting by charities applicable to charitles preparing thelr accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examlnation to which èttentlon should
be drawn in this report in order to enable a proper understanding of the financlal 5tatement5 to be reached.
Jamielee Johnston CA
For and behalf of
Mitchell Charlesworth (Audltl Llmlted
44 Peter Street
Manchester
M2 5GP
Dated..
1711012024

MICHAEL CARRICK FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrl¢ted
funds
Unrestrlrted
funds
2023
2024
Notes
Incofflt from..
Donations and legacles
8,056
61,949
30.624
10,475
116,613
23,595
Investments
Total Income
100,629
150,683
Expendlture on.,
Raising fund5
Charitable activitie5
13.013
146.513
82,071
174,773
Totsl expendlture
159,526
256,844
Net gainslllossesl on Investments
li
37.937
188,0391
Nel expendllure and mgvement In fund5
120.9601
1194,2CX)I
Reconclllatlon of funds:
Fund balances at l Aprll 2023
1,023,048
1,217,248
Fund balances at 31 March 2024
1.002.088
1.023,048
The staternent of financlal actlvitles Includes all 8alns and losses reco8nlsed In the year. All Income and expendlture derlve
from contlnulnB aclivitles.

MICHAEL CARRICK FOUNDATION
BALANCE 5HEEr
AS AT31 MARCH 2024
2024
2023
Flxed as5*ts
Invesiments
13
969,599
973,681
Currtnt •$5els
Debtor5
Cash at bank and In hand
1.202
43.105
4.900
157,845
44,307
111,8181
162,745
1113,3781
Credltovs: •rnounts hlllni du• ￿thIn y*•r
16
currtnt a$￿ts
32.489
49,367
Tot•1 459ets less ￿11￿1 Il•bllltles
I.￿2,088
1,023,048
Net 45S*ts ¢xrludlni pth5k>n Ilablllty
1.fr32.088
1,023,048
The lunds gf the charlty
Unrestricted funds
I.￿2.088
1,023,048
I,IX72,088
1,023,048
The company Is entitled to the exemptlon from the audlt requlrement contalned In 477 01 the CompanSes Art 2(￿. for
the year endtd 31 March 2024.
The dlrectots acknowled8e thelr re5por15ibilitles for coMpl￿nI with the requlrements of the Companles Act 2c￿6 with respect
to a¢couniln8 records and the preparailon of flnanci415tatemenis.
The M*M￿r$ have not fequired Ihe ￿MpaNY to obt8lA On au4lt ol its flnanti¥l statements the year In quesiion In
a¢cordance with section 476.
These flnancial statements have been prepared In accordance wlth the prO￿5￿On$ appllcable to companles subSert to the small
companies re8lme.
1711012024
The financ¥al statements were approved by the trustees on.... .
p.i L.
Paul Rao
TNstoe
Company re8lStration number 10626751 IEn8land and Wale51

MICHAEL CARRICK FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flgws from operatlng actl¥ltles
Cash absorbed by operation5
24
1187.3831
1140,1981
Investln8 a¢tlvltles
Purchase of investments
Proceeds on disp0531 of inve5tment5
Investment income received
1219.3231
261,051
30.624
1403,9451
416.415
23,595
Net cash generated from Inve5tln8 actlvltles
72,352
36,065
Net cash usèd In flnanclng adlvltlts
Net de¢rease In cash and ¢ash equlvalents
1115,0311
1104,1331
Cash and cash equlvalents at beginnlng of year
157.845
163,159
Cash and ¢ash egulvalents at end of year
43,105
157,845

MICHAEL CARRICK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Charlty Inlormatlon
Mlchael Carrick Foundation Is a prlvate company limited by 8uarantee incorporated In En8land and Wales. The
re8lStered office Ss Brabners LLP. 9th Floor. 100 Bafbirolli Square, Manchester, M2 3AB.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the charity's governing document. the Companie5 Act
2006 and Accounting and Reporting by Charities,. Statement of Recornmended Practice applicable to charitie5
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 leffective l January 20191 The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetsry amounts in
these financial statements are rounded to the nearest £.
The Ilnanclal statements have been prepared under the hlstorScal cost conventlon. The prlnclpal accountln8 pollcles
adopted are set out below.
1.2 Golng concem
At the tlme of approvlng the financial statements, rhe trustees have a reasonable expectatlon rhar the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees contlnue to adopt
the going concern ba515 of accounting Sn preparlng the financial 5taternents.
1.3 Charlloble fvnds
Unrestricted funds are avallable for use at the dlscretion of the trustees In furtherance ol thelr charitable objectlves.
1.4 In¢ome
Income Is reco8nlsed when the charlty Is legally entitled to It after any performance conditlons have been met, the
amounts can be measured rellably, and it is probable that Income wlll be recelved.
Cash dgnations are recogni5ed on receipt. Other donation5 are recognised once the charity has been notified of the
donation, unless performance conditions require deferral of the amount. Income tax recoverable In relatlon to
donatlons received under Glft Ald or deeds ol covenant Is reco8nised at the tlme ol the donatlon.
1.5 Expendlture
Liabilities are reco8nised as stson as a legal or constructive obligation exists ctsmmittin8 the charitable company to pay
out re50urces,' it 15 probable that the settlement will be required. and the amount ol the obligation can be measured
reliably. All expenditure is accounted lor on an accruals basis.
Irrecoverable VAT is char8ed as a cost a8alnst the activlty for which the expendlture was incurred.
Where the charitable company give5 a grant with conditions for its payment being a specific level of 5ervice5 or output
to be provided, such grants are only recogni5ed in the SOFA once the recipient of the grant has provided the specified
service or output.
These are only reco8nised in the accounts when a comrnitment ha5 been made and there are no conditlOn5 to be met
relating to the grant which remain in the control of the charitable company. The charitable cornpany consider5 that
cornmitment5 only arise when sufficient fund5 have been raised to lulfil pledges made.
All expenses involving SUPPOrt Costs and governance Costs are allocated or apportioned to the applicable expenditure
headings.

MICHAEL CARRICK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
Icontlnuedl
1.6 Flxed asset Investments
Fixed asset investments are inltially measured at transaction price excluding transaction costs. and are subsequently
measured at fair value at each reporting date. Change5 in lair value are recogni5ed in net incomellexpenditurel for the
year. Transaction costs are expensed as incurred.
A subsidiary 15 an entity controlled by the charity. Contrgl 15 the power to govern the financlal and operating policie5 of
the entity so as to obtain benefits from its activities.
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand. deposits held at call with banks. other 5hort-term liquid investment5
with original maturlties ol three Months or less, and bank overdrafts, 8ank overdrafts are shown within borrowlngs In
1.8 Flnanclal Instrumènts
The charity has elected to apply the provisions of Section 11 '8asic Financial In5trurnents' and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of Its financial instruments.
FSnancSal instruments are recognlsed In the charlty's balance sheet when the charlty becomes party to the contractual
provision5 of the instrument.
Financial a55et5 and Ilabillties are offset, wlth the net amounts presented In the flnanclal statements, when there 15 a
le8ally enforceable right to set off the reco8nlsed amounts and there Is an Intentlon to settle on a net basls or to reallse
the asset and settle the Ilablllty slmultaneously.
#slcAlnonclulossets
8a51c financial as5et5, which include debtor5 and cash and bank balances, are initially measured at transaction prlte
including transaction costs and are 5ub5equently carried at amortised cost using the ellective interest method unle55
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future recelpts dlscounted at a market rate ol interest. FlnancSal assets classllled as recelvable wlthln one year are not
amortlsed,
B(rslcAln#ncl(rlllubllltles
8a5ic financial liabilitie5. including creditors and bank loan5 are Initially recognised at transaction prlce unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the
future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not
arnortised,
Debt instruments are subsequently carried at amortised c05t, using the effective interest rate method.
Trade creditors are oblig3tion5 to pay lor good5 or services that have been acquired in the ordinary course of operation5
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. thev
are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently
measured at amortised cost using the effectlve interest method.
Derecoqnltlon offlnanclulllubllltles
Financial liabilitie5 are derecogni5ed when the charity's contractual obligation5 expire or are discharged or cancelled.

MICHAEL CARRICK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Intome from donatlons and legacles
Unrtstrlctèd
funds
2024
Unrestrltted
lunds
2023
Donations and 8ift5
8.056
10,475
Income from charltable actlvltles
Unrestrl¢ted
funds
2024
Unrestrlrted
fund5
Z023
Other fundraisin8 activities
61.949
116,613
Incoffle from Investments
Unre$trSrt•d
funds
2024
Unrestrlrted
fund5
2023
Incorne from listed inve5tment5
Interest receivable
30.261
363
23,267
328
30,624
23,595
Expendlture on ralslng funds
Unrestrlctsd
funds
2024
Unresirlrted
funds
Z023
FundralsSn8 and publlcltv
Raising fund5
13.013
82,071
10-

MICHAEL CARRICK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendlture on charltable actlvltles
2024
2023
Dlyecl Costs
Grant funding of activities15ee note 71
88,363
103,483
Share of support and governance costs Isèe note 81
Support
Governance
39,034
19.116
55,080
16,210
146.513
174,773
Analysls by fund
Unrestrirted fund5
146.513
174,773
Grants payable
Charltablt
Charitable
2024
2023
Grant5 to institutions..
Manchester United Foundation
Wallsend Sporting Club
Newcastle Unlted Foundatlon
40,900
35,000
12,463
43,9CM)
37,916
21,667
88,363
103,483
The grant5 are for the delivery of projects which aim to Use the power of football to offer youn8 people the opportunltv
to pursue thelr interest In playin8, leadln8 and coachln8.
support corts allocatèd to artlvltles
2024
2023
Consultancy Fees
Governance costs
39,034
19,116
55,080
16,210
58,150
71,290
Analysed between..
58,150
71,290
11

MICHAEL CARRICK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
None of the trustees lor any persons connected wlth them) recelved any remuneratlon or beneflts from the charlty
durin8 the year.
io
Employee5
There were no employees during the year. or during the prior year.
li
Galn$ and losses on Investments
Unrestrlcted
funds
2024
Unrestrlcted
funds
2023
Gains/llosse51 arlsing on..
Revaluatlon of Investments
Sale of Investments
36,669
1,268
183,5331
14,5061
37.937
188,0391
12 Toxatlon
No provlsion is requlred for taxatlon as the company Is a re8lStered charlty and exempt from corporation tax on Its
12-

MICHAEL CARRICK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13
Flxed asset Investments
Llsted
Othèr
Investments Cash in portlolio investment5
Total
Cost or valuatlon
At l April 2023
Additions
Valuation changes
Movement Sn cash
Dlsposals
932,859
219,323
36.378
40.821
973,681
219,323
36,378
128,4661
1235,1841
128,4661
1235,1841
At 31 March 2024
953.376
12.355
965,732
Carryln6 amount
At 31 March 2024
953,376
12.355
965,732
At 31 March 2023
932,859
40.821
973,681
2024
2023
Other investments comprlse..
Notes
Investrnents In subsidlarSes
21
The investments are mana8ed within a portfol50 held wlth Investec Wealth & Investment Llmlted In the Unlted Kln8dom.
The historic cost of the investments is £916,31512023- £931,774)
14 Flnanclal Instruments
2024
2023
Carryln8 amount of flnantlal assèts
Debt instruments measured at amortlsed cost
Cash within portfollo
Instrument5 measured at fair value through profit or loss
16,222
953,376
40,821
932,859
Carryln8 amount of flnanelal Ilabllltles
Measured at amortised cost
11,818
113,378
15
Debtors
2024
2023
Amounts falllng due wlthln one year:
Prepayments and accrued income
1.202
4,9CKJ
13-

MICHAEL CARRICK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16
Credltoys.. amounts falllng due wlthln one year
2024
2023
Trade creditors
Amounts owed to subsidiary undertakings
Accrua15 and deferred income
72,194
11.817
41,183
11,818
113,378
17
Unrestrlttèd funds
These are unrestricted fund5 which are material to the charity's activities made up as follows..
At l Aprll 2023
Incomlng
resour¢es
Resources
expended
Tran5fersGalns and1055e5
At 31 March
2024
General
unrestrlcted fund
Desl8nated fund
172,048
851,0(X)
100,629
1159,5261
638,000
1638,(M)01
37,937
789,088
213,0(J)
1.023,048
100,629
1159,5261
37.937
1.002,088
Pre¥lous year:
At l Aprll 2021
In¢omln8
resour¢es
Resources
expended
TranSfe￿GaInS and10sses
At 31 March
2023
General
unrestricted fund
Designated fund
366,248
851,OQX)
150.683
1256.8441
188,0391
172,048
851,000
1,217,248
150,683
1256,8441
188,0391
1,023,048
14-

MICHAEL CARRICK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18
Deslgnated funds
The Income funds of the charity Include the following deslgnated funds which have been set aside out of unrestrlcted
funds by the trustees for specific purposes..
Movement In
funds
Incomln$
resouNes
Balance at
l Aprll ZOZZ
Balance at
l Aprll ZOZ3
Transfers
Balance at
31 March ZO24
Desl8nated for future known spend
851,0
851,0
1638,OQXJI
213,0
851,OCM)
851,0Th)
I638,0￿}
213,0
Designated funds have been set aside by the charity to meet future spending commitments, The trustees have taken
the vlew that the funds associated with the short, medium and lon8 term should be classed as desi8nated,
Whilst the charity has rl8hts to wlthhold payments partlcular clrcumstances the trustees, posltlon Is that these sums
will be paid and as such are not 'lreely available"
19
Analys15 of net asset5 between funds
Unrestrlrted
funds
2024
At 31 Marth 2024..
Investments
969,599
32,489
1.002,088
Unrestrlrted
fund5
2023
At 31 March 2023..
Inve5tment5
973,681
49,367
1.023,048
15-

MICHAEL CARRICK FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20
Related party transactlons
During the year to 31 March 2024, consultancy fees amounting to £38,892 12023.. £48,834) were payable by the
charitable company to Tongue Tied Media Limited. Joanne Tongue, a trustee. is also a rnember tsf Ton8ue Tied MedSa
Lirnited.
21
SubsldSarSes
These flnanclal statements are separate charlty linanclal statements for Michael Carrlck Foundatlon.
Detslls ol the charlty's subsldlaries at 31 March 2024 are as follows..
Nam• of undtrtakln8
Rè¥lstèrèd
ofllce
Naturè of busln•ss
Class ol
shares h•ld
% Held
Dlrect Indlrect
MCF Trading 2017 Limited
England & Wales Dormant
Ordinary
loo.00
22
Commltments
A5 at 31 March 2024, the charitable company had entered Into three agreements to provide grant funding over a three
year period to Manchester United Foundation, Wallsend Sporting Clijb. and Newcastle United Football Club. The
a8reement with Newcastle Unlted Football Club has slnce ceased. The amount committed but not reflected withSn
these financial statements amounts to £213,00012023., £361,000).
23
Analysls of chan8ts In net lunds
The charlty had no materlal debt during the year.
Cash generated from operatlons
2024
2023
Deflcit lor the year
120,9601
I194,2￿}
Adju5tment5 for..
Investment income recognised in siaiement of flnanclal actlvliies
IGalnl/loss on disposal of Investments
Fair value gain5 and losses on investment5
130,6241
11,2681
136,6691
123,5951
4,506
1187,5351
Movement5 in working capital-.
Decrease/lincreasel in debtors
IDecreasel/increase in creditors
3,698
1101,5601
14,9(K)I
93,277
Cash absorbed by operations
1187,3831
1312,4471
16-