Charlty re8I5tratlon number 1172488 (England and Wale51 Company registration nuMts 10626751 MICHAEL CARRICK FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MICHAEL CARRICK FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Graeme Carrick Kay C3rriÉk Michael Carrick Joanna Tongue Nichola5 White Paul Rao 2ilah Chaudhry Charlty number IEngland and Walesl 1172468 Company nufflber 10626751 R•g151•r•d offic• Brabners LLP, 9th Floor too Baibiiolli square Manchester M2 3AB lthdip•rndènt txamlnèr Mitchell Charlèsworth (Auditl Limited 3rd Flocir 44 PEter Street Manchester M2 5GP gank•rs Arbuthnot Latham & Co Limltéd Arbuthnot House 7 Wi150n Street London EC2M 2SN
MICHAEL CARRICK FOUNDATION CONTENTS Pase Trustees, report Independent e¥aminer's iepDrt srat*ment of linanclal actlvities Balante she Slatement ol c3sh flows NDtes io the financial starements 4-17
MICHAEL CARRICK FOUNDATION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual rewrt and financial 5tatement5 for the year ended 11 March 2025. The financial statement5 have been prepared in accardance with the accounting policies set out in note I to the financial statements and cornply wiih the chariiy's governin8 document, the Companies Act 2006 and "Accounting 8nd Reportin8 by Charities.. Staiemeni ¢1 Recornrn@nd@d Practice applicable to charities preparin6 their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectiwe l January 20191" Oblectlves and activltSe5 The charity'5 objective5 include.. the applicatlon ol Income for the benefit of su£h charltablÈ purposÈs as the trustees may from time tD time determlnÈ and for tè b*nefit otehildrtn supporrlng prlects that énabl• thèm to lulfil Ihtir potèntial in an environment that they t•tl saf•, valued and Inspired to achieve,. and • To promote all olher purposes reco8ni5ed as charitable under the law ol England and IVale5 to the benellt ol the general public as the tru51ees shall frorn time to tiffle determloe. The trustees tonflrm that they have referred to the guldance contalned In the Chèrlty Commlsslon's general Éuldance on Publlc Benefil when reviewing the charity's ?Ims and otyectives and In plannin8 future actlviiies. The trustees have pald due regard toguldancelssued by the Charlty Commi$5ion de¢idin8 what 4¢tlvltle5 Ihe charlty should undertake. Achlevements and performan¢e Our purpose is to help Yjn8 peopl? reèch their lull potential by providing sale, supportive envIrMentS where they can thrive. Ihese environments are the platlorrn which enable the Foundation to deliver opportunities that allow these youn85ters to feel heard, valued, and Insplred to achleve thelr full p)rential. Now in it5 eighth year, the Eharity Ecntinue5 to deliver a wide ranEe of aElivitie5 both an Dlf the pitrh, designed to fflotivate and Inspire. We place particular focu5 on those living in di5advanta8ed areas ol Greaier M3nchester and the North East, where the need for positive intervention is greatest. By partnerlng wlth experenced delivery organisaiions, being Manchester United Foundarion and Wallsend Sporting Club, we ensure cur work is impactful, 5UStainablp, and efficient, maxirni5inE the benefit lor the comrnunities we 5eive. Alongside our core pro8rarnmes, over the past year, we have run numerous extra.curilcular activltles, We've assisted school hollday camp5, dlstributed Back-to-school Packs 3nd contlnued to deliver boots to those In need vla our lonB-stsndln8 Carrick'5 Boot Room We have offered young people enrichin8 experiences ran8in8 Irotn 5url le550n5 and paintballin8 to educational opportunitie5 such a5 Manchester Unired Foundation's Youth Voice Social action workshops. Selected Carrick'5 Street Reds parricipants also had rhe incrÈdible opporrunliy tovisit Germany to attendthe Munich Alr Dlsaster memorial servlte in February. These initiltiwes not onlygive pirti¢ipant5 acces5 to positivei Jale activitie5, but also help them to develop Confidence, resilience, and aspirations lol the future,
MICHAEL CARRICK FOUNDATION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Flnantial ieview Durina the year, incomirig resources raised amounted to £346,97912024.. É100.62gi. Resources expended on the acti4ities of the charitable company, includin8 the cost of raising funds, amounred to £31,?0412024.. £159,526]. The closingfund balance is £1,036. 96112024.. 11,IK)2,08812nd wlll be LJtillsÈd in the ftsture for funding chari-ablÈ ewenis and maklng further donations.
MICHAEL CARRICK FOUNDATION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Reserves pollcv The charity has designatèd funds to tover tommiiÈd future spend. Based on the charity'5 current and future Dperating costs. the present value ol it5 ifjve5trnent5 and the challenging environment in tArrn5 of charitable fundraisin8 as a result of the rost of living crisis. the Trustees consider it prudent to hold unrestricted reserves in the 5urn of £50,000. These reserves are Intended to poteT)tially cover any Shortfall in the tnedium tertn fundin8 plan5 and also cover the charity's running cos-.s for at least z six month period In the event that Income stream5 were to cease completely. The trustees not thai the mAdium and IAnÉ ierm fLindlng r)rnpos81s rarn bp rpronfieiirèd in rh& vont nf a %iib4tantial shortfall but the trijstegs. ew is that reserves of £50,OCQ should enable the Charit¥ to fulfill it5 plans and a150 funds its general operation should any shortfall GCCUr. Th¢ balance held as unrestricted funds at 31 March 2025 was £1,036,96112024.. £1,OOZ,0831 ol which £903,73S12024.. £789,085115 rpsarded as free reserve. Within unrestricted reserves is ari arnourbl of £142,ODO12024.. £213,000) which has been desisn3ted fDr known future spend. The balance held as restricted funds at 31 March 2025 was ENII12024 £Nill. The charity's policy in respect of resiricted funds Is to rEcord 52parately Bny donations arid other income received where re5triction5 arE IrnP05ed that are narrower than the Charity'5 cv&rall objeciive5. As a result of the reserves policy adopted by the trustees, they have a reasonable expÈctation that the Chariiy has adequate resources to continue In operational existence for the foYe¢eeable future. Accordlngly, they ccx)tinue to adopt the going concern tasis in preparing the financial statements, R15k Ihe prlnclpal rlsks faced by the Charlty Ile In operatlonal rlsk5 from Ineffective grant maklng and the c3pacIty of the Charity to make effective Érants. The risk 15 niiti8aied by the trustees being involved in the grant makin8 pr¢xess and grants being awarded to established charities who are required to meet appropri3te financial regulatory requirements. The Ch?rity wlll continueto make Brants In line with the objectlves ?nd distribute income received. structure, 8overnan¢e and mana8ement The chaiity is a compaiiy limited by 8uarantee. The charitable company 15 governed by the Memorandum andArticle5 01 Association which were laid dov4n at the incorporation of the charitable company on 17 February 2017. The trustees, who are also the directors for the purpose of cwpany law, and who served during the year and up to the date of signature of Ihe financial statements were.. Graeme Carrick Kay C•rrick Nfjichael Carriik Joanna Tongue Nlcholas Whlie Paul Rao "lah Chaudh'y
MICHAEL CARRICK FOUNDATION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Tru5rees are appointed b¥ the Board Df Trusiees. None of the irustees hasany beneficial interest In the Lharity. All of the trustees are members of the Lhaniy and guarantee to contribute £1 in the everst of a winding up. The trustees consider the board of trustee5 as comprising th2 key mana8ement personnel of the charitable cornpany in char82 of directing and controlling the charitable company and runninaand operating the charitable company on a day io day basis. All trustees glve thelriime freely and notrustee remuneration was paid In rhe perlod. Trustees are required to dlsclost all relevant Snterests and fe8isrer rhem and In accordance with the charitable company's policy withdraw from decisions where a corfllct of int?r8%l arises. The trusiees. report Was approved b* the Board of Trustees. Paul Rao Trustee Dated.. 18 November 2025
MICHAEL CARRICK FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MICHAEL CARRICK FOUNDATION I report to the trustees on my examination of ihefin3ncial statements of Michael Carrick Foundation (the charity) forihe year ondÈd 31 Marth 2025. Respon5iblllties and ba515 of report As the trustees of the charity land al Its dlrectors for the purpose5 Of company lawl, you are responsible for the preparation of rhe finan¢ial staiements In accordan with ihe reouirementt of the Companles Act 2006. Havin8 Satisfied myself that the finan¥ial 5tatement5 of the charity are not required ¢D be audited under Part 16 01 the 2006 Act and are eliBible lor indepèndent examination, I report in resP&Ct of my examination the charity's financial s-.3ternents carried cut under section 145 of the Charities Act 2022 Ithe 2012 Acii. In tarrying out my examinatlon I have followed all the appllcable Directions given by the Charity Comrnission under section J45ISllbl ol the 2022 Act. Ihdeperndeni examlner'$st¥iement Since the charity's gross income exceeded £250,000, the independent examlner MUST be a member of a body listed in settion 145 cf the Charities Act 2011.1 confirm that l am qualified lo undertake the e*amlnation because l am a member of ICAEW, which Is ¢ne of the Ilsled bodles. I have completed my examination. I conflrm that no rnatters have cgme to my attentlon In connection with the examlnation glving rne rau5e to believe that in any material respect.. accovnrin8 records were not kept In respect ol the tharity as requlred by section 386 01 the Companles Act 2006. tho finaneial rtatemontsr do not a¢¢oTd witl) thordQ recL>ré: the finincial 5tatement% do not cornply wlth the acc¢uniinB requlrements of 5ectlon 396 of the Companies Act 2006 other than any Tequiretnent that the financial 51atefflent5 give 3 true and lair view, which 15 not a tter coD5idered a5 part ol an independent examination., or the financial statements havÈ not been prepared in accordance with the methods and principles of the Statement ol Recommendèd Praetieè tar èccouNtlN8 and reptsrtln8 by ehbritiÈs applieèblt t4 tharltiés prepèrirn6 their IINantial statements in a¢cordan¢e wilh the Financial Reportlng Standard appllcable in the UK and Republic of Ireland IFRS IQ21. I have no concerns and hive come across no other matters in connection with the examination towhich attention should be drawn In this report In order to en?ble a proper understandins of the finanelal statements to be reached, Jamielee Johnston CA For and behalf of fjitchell Charle5worth IAuditl Lifflited 44 Peter Street Manchester M2 5GP Dated.. 19 November 2025
MICHAEL CARRICK FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unre5trtcted Unrestrlcted funds funds 202S 2QZ4 Note5 Ih¢ome from.. Donations and le8acies 20,837 300,038 26,104 8,056 61.949 30.624 Investment5 Total in¢ome 346,979 LOO,629 Expendltur• ?n', Raising fund5 191,972 117,732 13,013 146.513 T¢tal expendiiure 309,704 159,526 Net 8ainsll105sesl on investments li 12,4021 37,937 Net In¢ome/lexpendlturel and movement In funds 34,873 120,5601 R•conclll•tlon of lundi: Fund balances at l April 2024 I,LN)2,088 L,023,048 Fund balances at 31 March 2025 1.036,961 1,002,088 The statement of finantial 3ttivltiÈs IncludÈs all gains and lossès recogrtiséd In the year. All Incomè and èxpenditurè dèrive from ntinuiDg activrtie5.
MICHAEL CARRICK FOUNDATION BALANCE SHEEr AS A T 31 MARCH 2025 2025 2024 Noies Fixed a55et5 Investments 13 889,131 969,599 Curr?nt assets DebtOTS 15 109.784 46.831 1.202 43,105 Cash at bank and In hand 156,615 18,7851 44,307 111,8181 Credltors.. am0untsfall1 due wlthln one year 16 Nèt turrent ass$ 147,830 32.489 Total a55ets kns current Ilablllt5•5 1,036,961 L,002,088 The funds olthe charltv Unrestri¢ted funds 17 1,036,961 1,002.088 1.036,961 L,002,088 Ihe company is entitled to the exemption from the audit requiremenr contained in section 477 of the Companies Act 2006. for the year ended 31 March 2025. The dir?ctors acknowledge their respDn5ibilities for cornplying with the requirements of the Companies Act 2006 with respect to accountin8 record5 and the prepararion of financial statemenis. The membÈrs have not required the company to Jbrain an audit of its financial stètemenrs for the year in question in accordance with sectlon 41b. These financial statements have been prepaled in accordance with the provi5ion5 3pplic3ble to companie5 subject to the small u)mpanies re¢imÈ. The financlal statements were apprw'ed by tho trustees on 18 November 2025 Paul Rao Truste• Company reglstration number lQ626751 (England and Wales)
MICHAEL CARRICK FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash IIow5 from operatlng artlvltles Cash èbsorbed by operations 24 1100,4441 1187,0921 Investlng aetivitles Purchase of Investments Proceeds on dispDsal of investments Investment income received 1949,6121 983,861 26,104 1219,3231 261,051 30,624 N•t c•sh 8•n•r•i•d from Inv•silni •ulvlil•s 60,353 72.352 Net cash used In flnanrlry a¢tlvl¢ley P4et decrea5t in tash and cash equivalents 140,0911 1114,7401 Cash and cash equivalents at beglnnlng ol year 43,105 157.845 Cash and ¢a$h equlvalenis at end ol year 46,831 43.105
MICHAEL CARRICK FOUNDATION NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountin8 pollcles Charfrty informatlon Michael Carrick Fcrtjndatlon Is 3 priwate company Ilmited by Buarantee Incorpoiated In England and Wale5. The reglstered office Is Brabners LLP, 9th Floor, 100 Barbirolli 54uare, Manchester, M2 3AB. Ll Accountlng con¥entlon The financial statements have been prepared in a¢torlan¢e with the chority's governing documertt, the Ctsmp3nles Att 2006 and 'Accountin8 and Reporting by Charities.. Statement of Recommenthd Practice applicable io charities pieparing theif accounts in accordance with the Finaniial Reportln8 Sland&rd applicable in the UK and Republic of Ireland IFRS 1021 lellective. January 20191, The charity is a Public 8enefir Entity as defined by FRS 102. The financial sraternents are prepared in stÈrlinB, which is the functional currency of the charity. Monetary amounts in these flnanclèl Statements are rounded to the nearest £. The financial staternents have been prepared under the hi5toriral cost IDnvention. The principal £ccounting policie5 adopted are set our below, Ll Goingconc•rh Ai Ihe lime ol approvin8 the financial 5talementS, the irustees have a ieasonable expeitatlon Ihat Ihe charity has 8deouate resources to continue in operational existence for the ioreseeable future. Thus the trustee5 continue to adopt the going concern hasps nt arr.niintin8 In Drpparin8 ihp flnhnr.lal %iarpmpnTg. L3 Charltable tunds Unresiricted funds are available for use at rhe discretion of the trustees in furrherance of their charitable objectives. L4 Income Income is re¢oEnised when the charity is lezally entitled to it after any performance conditions have been met, the amounts can be measurèd reliablyj and it 15 probable that incomè will be received, Cash conatigns are recu8n15ed r)n receipt. Other don¥lions a rec¢8n15ed once the charity h?5 been notified ul the donation. uNle55 perforinance conditions require deferr21 of tlie amount. Income tax recoverable in relation to donations received under Gih Ald or deeds of covenant Is rÈcDgnSsed èt the time of the don3110n. L5 EKpendlture Lièbilities are reco&nised as SDon as a legal or CDnstructive obligation exists committing the charirable company to pay out re50urces,- It is probable that the settlement will be required, and the amount of the obllgatlon can be measured reliably. All expenjiture is accounred for on an accruals basls. Irrecoverable VAT 15 charged 35 a cost aeain5t the actiNity for whicP, the expenditure wa5 incurred. Where the charitable company 8lves a grant with condtlons for Its payment being a speclfic level of services or outpvt ro be provided, such grants are only recognised in the SOFA once the recipient ol the grant has provided the Specified service or output. These are only reco8n15ed in the accounts when a commitment has been made and there are no condltion5 10 be mei relating to the grant which remain In the control of the charitable company. The charitable company conslder5 that commitments only ar15e when 5ufflcient fund5 have been ralsed io fulfll pledge5 tmade. All expenses involYin8 support Cosis and 8overnance c0515 are allocated or appDrtioned 10 Ihe applicable expendiiure headings.
MICHAEL CARRICK FOUNDATION NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Ac¢tsuntln8 policie$ Icontinuedl L8 Flxed asset Investment5 Fixed a55et inve5tfftent5 are initially n7easured at transaction priee excludinÉ transaction Costs, and are subsequently measured at fair valup at each reporting dale. Change5 In Flir value arE reioBni5ed in net incorDp/lEXPEndilurEI foT the year. Tran5artiOn f05t5 are expensed as incurred. A Subsidiary 15 èn entity controlled by the charity, Control is the power tD 8overn the financial and operatln8 policie5 01 the entity so as tD Dbtain benefit5 from ir5 3Ctivities. L7 Cash gnd cash equlvalents Cash and cash eqLJIviilp.nts Include cash in hand, deposits held at call with bank5. L8 Flnan¢lal Snstryments The tharity hès elected to apply the provisions OF S¢¢ti>n 11 'Basie Financial In¢truments' and Settion 12'0ther Finantial In5truments1ssue%' of FRS L02 to all of it5 financlal Instrument5. Financial instrument5 are recodnised in the charity's balance sheet when rhe charity become5 Pèrty 10 Ihe contractual provisions of tht Instrument. Financial assets and liabilitie5 are 0115et, with the net 3mount5 presented in the financial statements, when there 15 a leÈally enforceable right lo set off thE recognised amount5 and there is an intention to settle on a net basis oi to realise the asset ènd BoslcJlnonclal#ssets Basic lirnancial a5set5, which include debtors and cash and bank balances, are initi8lly measuied al transaction price including transactlon costs and are subseouently c8irled at amoitised cost usinR rhe elfectlve interest method unless rhe 8rrgnRement consti-.utes a finaKinE transaction, where the tr3n5aCtion is measured at the present value Df the future receipts discounted at a n)ark•t rate ol Int•rest, Flnandal assets classllied as receivable wlthln one year are not amortlsed. 8oslcllnonclt71 Ilobllltles Basic linancial liabilities, includinB creditors and bank loans Zre initially recognised at transactlon price unless the airangement onstl-.uies a fInaring iransattion, where the debt insrrument Is measured at the presenr value ot thefuture payments discountÈd at a markèt ratè of Intèrèst, Fifianclal liabilitiès classilléd as payablè wlthln ont yÈar arè not amortised, Debt instrurnents are subsequently carried at atnort15ed c05t, Usin8 the ellective interest rate method. Tride creditor5 are obligations to pay for 8oods or serslce5 that have been acquired In the ordinary course of operatlon5 from suppliers. Amounts payable are classified 3$ currernt liabilities If payment is dve within one year or less.11 nol. they are presented a5 nor-current liabilitie5, Trade creditors are recogni5ed initially at transaction price and sub5equenily measured at amorti5ed cost using the Èffective Intèrtrst method. Derecognition olflnanciolliaknlities Financl31113bllities are derecognised whÈn the charity's contractual obligations explre or are disthargÈd or cancÈlled. 10-
MICHAEL CARRICK FOUNDATION NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 In¢ome from donatltsns and lekaties Unrestricted fvnds 2025 Unrestricted funds 2(24 Donations and 8ifts 20,837 8,Q56 In¢ome from charitable adlvltles Unre5trlcted Unrestrlcted fvnds 2025 funds 2(24 300,038 61,949 In¢omB frorn Investments Unresirlrted Unre5trlcied lunds lunds 2025 2Q24 Income from listed investments Inttr•st r•cèivèblé 25,688 416 30,261 363 26,104 30,624 Expenditure on raising funds Unrestrlcted Unre5trlcled fvnds 21)25 fund$ 2Q24 Fundra151n¥ and publlclty Std£ing fundraisin8 evenls 191,972 13,Q13 11
MICHAEL CARRICK FOUNDATION NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on ¢harltable attivlties 2025 2Q24 Olrect costs Granr funding of activities Isee nore 71 70.942 88.3S3 Share of support and governance c05t515ee note 81 Support Goverlance 24,417 22.373 39,034 19,116 117.732 146.513 Analy515 byfund Unrestiicted funds 117,732 146.513 Grints piyable Charltable Charltable 2025 2024 Grants to in5tltutions'. Maiiclie5ter United FoundatiDn 38,859 32,083 40,900 35,000 12.463 Wa115end Sportingclub Newcastle United Foundatlon 70,942 88.363 The grant5 are forthe delivery of projects which aim to use the power of lootball to omer young people the opportunity to pursue their Interest In playin& leading and coachln8. Support costs allocated to actlvltles 2025 2QZ4 Consultancy Fees Goveriance cost5 24,417 22,373 39.034 19,116 46,790 58.150 Analysed betweeTh'. 46,790 58,150 12-
MICHAEL CARRICK FOUNDATION NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Trustees NDne of the trustees lor any persons connected with them) received any remuneration or benefits Irarn the charity duringthe year. Employees There were no ernployee5 during the yeai, or during the prior year, li Galns and losses on Invesiments Unre¥lricted fvnds 2025 Vnrejtricled fund$ 2Q24 Gainslllo55esl arising on.. Revaluation of Investmen15 Sile ol inve5tment5 144,6381 42,236 36.669 1,268 12,4021 37,937 Tixat5Dn ND provlslon Is required for taxation as the company Isa re8Istered charity and exempt from carporation tax on its charitable 13-
MICHAEL CARRICK FOUNDATION NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Flxed a$set Investmenis Li$iEd Investments other Investrnents Cash in PDrtfollo Total C051 or Valua0 At l Apiil 2024 Additions 953.376 474,806 ',43,8171 16,222 969,599 474.806 143,8171 13,g611 1507,4961 Valuation changes Movernent in cash Disposals 13,9611 1507,4961 At 31 M3rch 2025 876,869 12,26L 889,131 Carryln¥ afflount At 31 March 2025 876,869 12,26L 889,131 At 31 March 2024 953,376 16,222 969,599 2025 2Q24 Other investments corNprise', Notes Investments in subsidiarles 21 The investments are managed within a poitfolio held with Investèc Wealth & Investment Limited in the United Kingdom. The hlstorit cost ol the Investments Is £883,49612024. E916,31SI Fln4n¢lal InstNm•nts 202S 2Q24 Carryln¥ afflount of flnanclal a55ets Debt instiurnents measured at amortised cost Cash within portldio Instruments me45ured at falr value throu8h profit or Itss 109.784 12,261 876,869 16.222 953,376 Cayrylw amount of flnan¢lal Ilabllltles Measured at arnortised iO&t 8,785 11.813 14-
MICHAEL CARRICK FOUNDATION NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Debtors 2025 2Q24 Amount5 falllng due within One year: Other debtor5 109,784 Prepayments and accrued inccme 1,202 109,784 1,2Q2 Credltors: amoun15 falllng due wlthln oneyear 2025 2(14 Trade creditors Amounts owed to subsldlary undertèklngs Accruals and defeTr@d income 300 8,484 11,817 8,785 11.818 17 Unrestrl¢ted lunds These are unrestri-ted funds which are material to thecharity's attivities made up as follows.. At l Aprll 20Z4 IncomlTh8 r•sourc•s Resources expended Tran5fer5 Galns losse5At Jl March ZQ25 Gener)I unrestricted fund 789,088 213,000 445,743 1399,6941 71,000 171,0(Xll 12,4021 903,735 142.orK) 18,7741 Deslgnaied fund General funds 198,7641 89,990 I,IYJ2,088 346,979 1309,7041 12,4021 1,036.961 Prevloys year., At l Aprll 2023 lTh¢omlftg resour¢es Resources expended Tran$lers fjaln$ and losse$AI Jl March 2Q24 General nresiricted fvnd Des18nated lund 172,048 851,000 100,629 1159,5261 638,000 1638,OfX)I 37,937 789,088 213,0 1.023,048 100,629 1159,5261 37,937 1,002.088 15-
MICHAEL CARRICK FOUNDATION NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 OesiAnated funds The income fundsol the charity include the following designated fund5 which h3ve been set aside out of unrestricted fund5 by the trustees for 5CIfIC purposes.. Movemeni In funds Balanre atlncomiTrg l Aprfl 2013rewuice$ Transfers alaDCE atTransfers l Aprfl 2024 8alanc¢at Jl March 2025 De51gnated for futuie known spend 851,000 I638,) 213,000 17L,0001 142,OCQ 851,000 638,Th)0 213,fK)O 171,0001 142.ODD Deslgnalgd lund5 h3vè been set a51d@ by Ihe charity tD moet futuro spÉndinB commitments. The truste05 have t3kÉn the view that the funds associated with the short, Medium and IDnÈ terin sl¥)uld be clagsed as designated. Whilst the charliy has ri8hts to withhold payments In partlcular clr¢umstances the tNs¢ees' Position is that these sums wlll be paid and as such are not 'freely av3ilable Analy515 ol net assets between funds Unrestricted lunds 2(25 At 31 March 2025.. InvesiMenTs 889.131 L47,830 1,036.961 Unre¥trlcted funds 2QYI At 31 March 2024.. Investments 969,599 32,489 1,002,088 16-
MICHAEL CARRICK FOUNDATION NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Related party transactions During the year to 31 March 2025, consuhancy lee5 amounting to £24,41712024.. £38,892) were payaL4e by the charitable company io Tongbe Tied Media Limited. Joanne Tongue, a irusiee, is also a member of Tongue Tied Media Limited. On 28th February 2025, Michael Carrick Fcundalion hosted a fundr315inB dinner, facilitated by TDnELJe fied Media. At the year end an amount of £62,460 was owed to the charity byTon8ue Tied Media. This amount has since been paid in full. 21 Subsldlorles These financial statements are separate charity linancial statements loi Michael Carrick Foundation. Detail$ of ihe charity's $ubsldl8ries at 31 March 2025 are as follows., Nameof undertaklng Re¥5stered olfice N*ure of Iwsln¢55 Class of share5 held % Held Dlrect Indlrert MCF Trading 2017 Llmltéd England & Wales Dormant Ordinary loo.00 CornThltments A5 at 31 March 2025, the chaiitable company had entered into two a8reement5 to provide 8rant fundln8 over 8 three year perlod to Manchester Un ted Foundation and Wa115end Sportlll8 Club. The arnount comrnitted but not reflected within these financial staternents amounts to E142,00012024.. £213,000>. Analy$ls ol chan8e$ In rnet fund$ The ctiarlty had nc materlal debi durln8 the year. Cash ienerated from operatlons 2025 2(24 Surpluslldeflcirl for the year 34,873 120,g601 Adjustments for.. Investment income reco8nised in Statement of financial 4ctivitie5 fjèin on di5P05al ol inve5tmen15 Fair 31ve gains and losses On investments 126,1041 142,2361 44,638 130.6241 11,2681 1187,5351 Movements in working capital. Ilncrea5elldecrÈa5o in debtors IDecrea5el in creditors 1108,5821 13,0331 3,698 IIDI,5601 Cash absorbed byoperaflons 1100,4441 1338,2491 17-
This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.