Charity registration number 1132364
Company registration number 06982786 (England and Wales)
PETERBOROUGH UNITED FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PETERBOROUGH UNITED FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
R Symns
M Woods
K Berkley
K Scarff
L J Kendrick
J Jones
C A Clarke
M J Pittock
Secretary
G Wignall
Charity number
1132364
Company number
06982786
Principal address
London Road Stadium
London Road
Peterborough
PE2 8AL
Registered office
London Road Stadium
London Road
Peterborough
PE2 8AL
Independent examiner
Kerry Hilliard ACA FCCA CTA
Key management personnel
G Wignall
Bankers
Barclays Bank PLC
1 Church Street
Peterborough
Cambridgeshire
PE1 1XE
Solicitors
Pinder Reaux & Associates
61a East Street
Barking
Essex
IG11 8EJ
PETERBOROUGH UNITED FOUNDATION
CONTENTS
Page
Trustees' report
1 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7
Statement of cash flows
8
Notes to the financial statements
9 - 20
PETERBOROUGH UNITED FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
- 1 -

The Trustees present their report and financial statements for the year ended 31 August 2024.

 

Peterborough United Foundation is a company Limited by Guarantee incorporated in England and Wales at Companies House under company number 06982786 and is also registered with the Charity Commission for England and Wales under registration number 1132364.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, 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).

Objectives and activities

Peterborough United Foundation has all the required policies from a governance, financial and safeguarding viewpoint and has reached an Exemplary standard in the Capability Code of Practice standard set by the Premier League Charitable Fund and English Football League Trust.

The board meet on a quarterly cycle and are responsible for the strategic direction and policy of the charity. Sub committees are in place for Finance and Equality, Diversity and Inclusion which also meet in addition to the full board on a quarterly basis. A scheme of delegation is in place and day-to-day responsibility for the provision of the services rest with the CEO, supported by department managers, coaching and marketing staff. The CEO is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The CEO also provides individual supervision of the staff team and ensures that the team continues to develop their skills and working practices in line with good practice.

Since the Foundation was formed in 2009 the charity has delivered across the four key themes set out by EFLT, namely Social Inclusion, Sports Participation, Health and Education. Our inclusive activities support all ages from the community of Peterborough and the surrounding areas.

 

The Foundation aims to provide activities that will positively impact all in the city and surrounding areas. Peterborough has an extremely diverse population, some of which come from very deprived areas. We use the brand, reach and reputation of Peterborough United Football Club to help us to work with those from difficult to reach groups to improve lives and communities.

 

The Foundation aims to help improve the mental and physical health and wellbeing of people of all ages in the local community. We aim to reduce health inequalities by promoting a broader understanding of how to live a healthier, happier lifestyle by providing activities and support that foster improved life choices.

 

To provide and promote community participation in healthy recreation by providing facilities for the playing of sports, other sports, and other physical activities.

 

To promote and assist in providing facilities for sport, recreation or other leisure time occupation for such persons who need such facilities by way of their age, infirmity, disablement, poverty, or social economic circumstances or for the interests of social welfare and with the object of improving their conditions of life.

 

Any charitable purposes that the trustees deem fit.

 

The Foundation carries out its objectives by providing a wide range of sport related and educational based projects planned to cover our key areas. The English Football League Trust and Premier League Charitable Fund provide funding for core expenditure.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.

The charity acknowledges the valuable contribution made by all of its volunteers and the support of so many organisations to allow it to deliver its objectives.

 

PETERBOROUGH UNITED FOUNDATION
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
Achievements and performance

The activities of the Foundation are linked to the education sector by providing support for local primary and secondary schools. The Foundation, in partnership with Nene Park Academy, offers a football in education programme. The aim of this is to keep year 12 and 13 students engaged with their education by including football training, and matches, as part of their timetable. We currently have 36 boys and 20 girls on the programme.

 

The charity delivers a variety of sports-based provision within the local community, which include evening and school holiday based coaching for all ages.

 

This year we started to develop our Health & Wellbeing department. We have a walking football session to support physical and mental health in adults. There are now four Extra time Hubs to help prevent social isolation for the retired and semi-retired. These groups are social events for those aged 55 and over and involves games, local speakers and visits out. We are working with the Peterborough Dementia Centre, Age UK and and various care homes to deliver chair-based exercises to effected groups. We also hold a weekly yoga session for adults.

 

In 2023-24 we started a project to support young people with their mental health and manage the transition from primary school to secondary school.

 

Our boys and girls football pathway, which encourages young people to remain active, has over 400 young people, boys and girls, participating on a weekly basis. The pathway starts in our early years (4 to 7) and goes through to 16. The feedback we receive is that this is helping both their physical health and mental health and wellbeing too.

 

Primary Stars is funded by the Premier League Charitable Fund and is delivered in local primary schools, offering support to teachers. Our coaches help the teachers to build their confidence in the delivery of PE and school sport. We also work with students for targeted interventions.

 

PL Kicks engaged with over 300 young people across four locations in Peterborough and the surrounding area, offering both boys and girls aged 8 to 16 the opportunity to engage with sport for the first time or to re-engage with it. The sessions are free to attend.

 

Our holiday camp provision continues to expand and in 2023-24 will be held at the Peterborough United Training Ground. Feedback from parents. The camps see an average of 50 primary school attending per day.

Financial review

The general fund is unrestricted and represents the total reserves of the charity.

In determining the level of reserves required the trustees consider the level to ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.

 

The Foundation's reserve policy is that the balance of funds should cover two months' salary costs. Whilst as at 31 August 2024, free reserves were not at this level, we consider that this was due to the effects of COVID-19 and various lockdowns during recent years. The current year will show an increase in free reserves.

 

The Foundation's Statement of Financial Activities shows net resources expended of £12,806 for the year. The reserves of the Foundation at 31 August 2024 were £20,697.

The financial position of the Foundation at 31 August 2024 is considered satisfactory and more than adequate to meet the objectives of the Foundation.

The Trustees have assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

 

The risks are RAG rated and reviewed regularly by key management personnel and The Board of Trustees.

The Trustees have considered the guidelines issued by the Charity Commission on Public Benefit and are of the opinion that the criteria are being met within the Objectives and Activities of the charity.

PETERBOROUGH UNITED FOUNDATION
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
Plans for future periods

The Foundation plans to continue its core activities outlined above in forthcoming years after securing continued funding from The Premier League Charitable Fund and The English Football League Trust.

In addition, we are closely with the NHS and PCNs with a view to deliver various projects to improve the health and wellbeing of the people of Peterborough.

 

In 2024-25 we have received additional funding for a Healthy Lifestyle project, additional yoga sessions and funding from the PLCF from PL Fans Fund.

Structure, governance and management

Peterborough United Foundation is a company limited by guarantee governed by its Memorandum and Articles of Association. The company is also registered as a charity with the Charity Commission.

 

The charity's trustees are also the directors for the purposes of the Companies Act.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

R Symns
M Woods
K Berkley
K Scarff
L J Kendrick
V Ravinthiran
(Resigned 29 April 2024)
J Jones
L P Mitchell
(Resigned 14 June 2024)
C A Clarke
M J Pittock

The Trustees administer the charity. Trustees are recruited after due procedure and induction training is provided.

 

None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

PETERBOROUGH UNITED FOUNDATION
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
Statement of Trustees' responsibilities

The Trustees, who are also the directors of Peterborough United Foundation for the purpose 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 Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

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 Charities SORP;

 

- make judgements and estimates that are reasonable and prudent; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

 

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees' report was approved by the Board of Trustees.

J Jones
Trustee
Dated: 22 May 2025
PETERBOROUGH UNITED FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PETERBOROUGH UNITED FOUNDATION
- 5 -

I report to the Trustees on my examination of the financial statements of Peterborough United Foundation (the charitable company) for the year ended 31 August 2024.

Responsibilities and basis of report

As the Trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Kerry Hilliard ACA FCCA CTA

Institute of Chartered Accountants In England and Wales

 

 

Price Bailey LLP

36 Tyndall Court

Commerce Road

Lynchwood

Peterborough

PE2 6LR

Dated: .........................
PETERBOROUGH UNITED FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
73,831
-
73,831
30,557
-
30,557
Charitable activities
4
484,116
107,397
591,513
374,151
133,761
507,912
Investments
5
903
-
903
201
-
201
Total income
558,850
107,397
666,247
404,909
133,761
538,670
Expenditure on:
Charitable activities
6
571,656
107,397
679,053
414,577
133,761
548,338
Net expenditure for the year/
Net movement in funds
(12,806)
-
(12,806)
(9,668)
-
(9,668)
Fund balances at 1 September 2023
33,503
-
33,503
43,171
-
43,171
Fund balances at 31 August 2024
20,697
-
20,697
33,503
-
33,503

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
PETERBOROUGH UNITED FOUNDATION
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 7 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
2,785
3,456
Current assets
Debtors
11
31,887
19,078
Cash at bank and in hand
87,769
68,240
119,656
87,318
Creditors: amounts falling due within one year
12
(101,744)
(57,271)
Net current assets
17,912
30,047
Total assets less current liabilities
20,697
33,503
Income funds
Unrestricted funds
20,697
33,503
20,697
33,503

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 22 May 2025
J Jones
Trustee
Company registration number 06982786
PETERBOROUGH UNITED FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
- 8 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
17
20,416
(15,433)
Investing activities
Purchase of tangible fixed assets
(1,790)
(3,154)
Investment income received
903
201
Net cash used in investing activities
(887)
(2,953)
Net cash used in financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
19,529
(18,386)
Cash and cash equivalents at beginning of year
68,240
86,626
Cash and cash equivalents at end of year
87,769
68,240
PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 9 -
1
Accounting policies
Charity information

Peterborough United Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is London Road Stadium, London Road, Peterborough, PE2 8AL.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charitable company's governing document, 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)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future.

 

Future funding has been secured from Premier League Charitable Fund and the contract with Nene Park Academy is still in place.

 

Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

1.4
Income

All incoming resources are recognised when the charitable company is legally entitled to the income after any performance conditions have been met, the amount can be quantified with sufficient accuracy, it is probable that the income will be received.

 

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount.

 

Government grants relating to revenue are recognised as income over the periods when the related costs are incurred. This includes the Government Coronavirus Job Retention Scheme grant which is included as 'other income'.

1.5
Expenditure

Expenditure is accounted for on an accruals basis.

PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 10 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
33.3% straight line
Fixtures, fittings & equipment
20% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.9
Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price 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 amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 11 -
1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Donations and legacies
Unrestricted
Total
Unrestricted
funds
funds
2024
2024
2023
£
£
£
Sponsorship (treated as donation) and other donations
38,081
38,081
15,658

Other grants received

35,750
35,750
14,899
73,831
73,831
30,557
Grants receivable for core activities
Twinning project
2,000
2,000
5,000
Cambridge Com B2B
-
-
3,477
Versus Arthritis
-
-
2,822
Other small grants
600
600
3,600
FL Community Ltd Wildcats
3,800
3,800
-
FL Community Ltd Kellogg's
14,400
14,400
-
PFA Core Fund
10,000
10,000
-
Probation Grant
4,950
4,950
-
35,750
35,750
14,899
PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 12 -
4
Charitable activities
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£

Scholarship programme

147,878
-
147,878
97,826
-
97,826

Football in the community

42,224
-
42,224
41,229
-
41,229

School sports programme

87,740
-
87,740
86,583
-
86,583

Boys development and elite training

86,321
-
86,321
81,822
-
81,822
Women and girls development and elite training
50,038
50,038
30,954
30,954
School holiday camps
50,091
50,091
32,041
32,041
Disability football
992
992
700
700

Community work

18,832
27,397
46,229
2,996
26,707
29,703

Premier League Charitable Fund

-
80,000
80,000
-
84,500
84,500

National Citizen Service

-
-
-
22,554
22,554
484,116
107,397
591,513
374,151
133,761
507,912
Analysis by fund
Unrestricted funds
484,116
-
484,116
374,151
-
374,151
Restricted funds
-
107,397
107,397
-
133,761
133,761
484,116
107,397
591,513
374,151
133,761
507,912
5
Investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
903
201
PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 13 -
6
Charitable activities
Charitable activities
Charitable activities
2024
2023
£
£
Staff costs
467,964
388,604
Depreciation and impairment
2,461
3,233

Motor expenses

53,045
35,767

Facility hire

95,604
67,226

Rent

-
4,680

Repairs and maintenance

3,938
4,948

Printing, postage and stationery

5,214
5,419

Telephone

3,760
3,994

Catering

-
81

Sundry expenses

4,008
922

Subscriptions

973
1,451

Sports equipment

24,258
16,676

Charitable donation

2,186
-

Marketing and entertainment

3,167
3,451

Insurance

845
801
667,423
537,253
Share of support costs (see note 7)
8,333
8,090
Share of governance costs (see note 7)
3,297
2,995
679,053
548,338
Analysis by fund
Unrestricted funds
571,656
414,577
Restricted funds
107,397
133,761
679,053
548,338
PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 14 -
7
Support costs
Support costs
Governance costs
2024
Support costs
Governance costs
2023
Basis of allocation
£
£
£
£
£
£

Legal and professional fees

5,970
-
5,970
5,908
-
5,908

100% Charitable activities

Payroll fees

2,135
-
2,135
1,927
-
1,927

100% Charitable activities

Bank charges

228
-
228
255
-
255

100% Charitable activities

Independent examination fees

-
3,297
3,297
-
2,995
2,995
Governance
8,333
3,297
11,630
8,090
2,995
11,085
Analysed between
Charitable activities
8,333
3,297
11,630
8,090
2,995
11,085
PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 15 -
8
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.
9
Employees
Number of employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
38
39
Employment costs
2024
2023
£
£
Wages and salaries
431,593
353,222
Social security costs
22,965
18,818
Other pension costs
13,406
16,564
467,964
388,604

The remuneration of key management personnel during the year amounts to £50,656 (2023: £48,237).

There were no employees whose annual remuneration was £60,000 or more.
PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 16 -
10
Tangible fixed assets
Computer equipment
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 September 2023
14,951
19,131
15,409
49,491
Additions
1,699
90
-
1,789
Disposals
-
-
(8,619)
(8,619)
At 31 August 2024
16,650
19,221
6,790
42,661
Depreciation and impairment
At 1 September 2023
12,760
17,866
15,409
46,035
Depreciation charged in the year
2,050
410
-
2,460
Eliminated in respect of disposals
-
-
(8,619)
(8,619)
At 31 August 2024
14,810
18,276
6,790
39,876
Carrying amount
At 31 August 2024
1,840
945
-
2,785
At 31 August 2023
2,191
1,265
-
3,456
11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
8,166
1,220
Other debtors
1,152
-
Prepayments and accrued income
22,572
17,858
31,890
19,078
12
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
7,421
4,961
Trade creditors
8,649
2,299
Other creditors
82,227
46,816
Accruals and deferred income
3,447
3,195
101,744
57,271
PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 17 -
13
Retirement benefit schemes
Defined contribution schemes

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £13,406 (2023 - £16,564).

PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 18 -
14
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 September 2022
Incoming resources
Resources expended
Balance at
1 September 2023
Incoming resources
Resources expended
Balance at
31 August 2024
£
£
£
£
£
£
£
National Citizen Service
-
22,554
(22,554)
-
-
-
-
Premier League Charity Fund
-
84,500
(84,500)
-
70,000
(70,000)
-
Community work
-
500
(500)
-
-
-
-
Street Games UK
-
18,920
(18,920)
-
-
-
-
Cambridgeshire Police - Youth Fund
-
3,287
(3,287)
-
-
-
-
National Lottery - Healthy Goals
-
4,000
(4,000)
-
6,000
(6,000)
-
Huntingdonshire DC
-
-
-
-
3,521
(3,521)
-
FL Community Ltd Sky Bet Fund
-
-
-
-
9,983
(9,983)
-
Cambridge County Council - OASI
-
-
-
-
1,654
(1,654)
-
Cheshire Community Assura grant
-
-
-
-
1,994
(1,994)
-
Business Development Grant
-
-
-
-
10,000
(10,000)
-
Cambridgeshire County Council
-
-
-
-
4,245
(4,245)
-
-
133,761
(133,761)
-
107,397
(107,397)
-
PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
14
Restricted funds
(Continued)
- 19 -

National Citizen Service - funds received from EFL Trust to deliver a programme of activities for young people to undertake personal and social development.

 

Premier League Charity Fund - a three year Kicks and Stars grant with funds provided from the Premier League to reach out to children in within the community and local schools.

 

Business Development Grant - funds received from EFL Trust to assist in the growth of Peterborough United Foundation.

 

Street Games UK – received from the Youth Justice Sport Fund to deliver football activities to vulnerable young people who are at risk of becoming involved in crime.

 

Cambridgeshire Police - Youth Fund – funds received to go towards free football sessions for young people, particularly teenagers.

 

National Lottery - Healthy Goals  - funds received from the National Lottery to deliver a programme to assist with weight management.

 

Huntingdonshire DC - funds received to develop sustainable activity that will prevent or delay frailty or cardiovascular health issues for Huntingdonshire residents.

 

Sky Bet Fund - funds were received to deliver programmes ranging from tackling isolation and loneliness, to improving fitness and mental health, increasing participation in sports or invest in better football facilities for the local area.

 

Older Adults Social Inclusion - Mindful Motion - funds received from Cambridge County Council to deliver new or expand existing social inclusion activities, clubs or groups.

 

Cheshire Community Assura Grant - Young Minds - to deliver programmes to improve mental health and wellbeing in the most deprived areas of Peterborough.

 

Seed Funding - Extra Time - funds received from Cambridgeshire County Council to deliver programmes in targeted areas of Huntingdonshire that have been identified as being hotspots for loneliness and social isolation.

PETERBOROUGH UNITED FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 20 -
15
Status

The company is limited by guarantee and does not have a share capital. The directors are members of the company and each member, during his or her membership or within one year afterwards, undertakes to contribute a sum not exceeding £10 to the assets of the company in the event of it being wound up.

16
Related party transactions
Transactions with related parties

During the year the charitable company entered into the following transactions with related parties:

An amount of £9,362 (2023: £19,352) was invoiced by the Foundation to Peterborough United Football Club Ltd for expenses and sponsorship recharge. Amounts of £41,409 (2023: £25,877) were charged by Peterborough United Football Club Ltd for pitch hire, £9,287 (2023: £8,023) for various playing and coaches kit, £Nil (2023: £4,680) for rental of office space and £11,477 (2023: £11,624) for other miscellaneous recharged expenses. At the year end the Foundation was owed £1,152 from Peterborough United Football Club Ltd (2023: £353 to PUFC).

17
Cash generated from operations
2024
2023
£
£
Deficit for the year
(12,806)
(9,668)
Adjustments for:
Investment income recognised in statement of financial activities
(903)
(201)
Depreciation and impairment of tangible fixed assets
2,461
3,233
Movements in working capital:
(Increase)/decrease in debtors
(12,809)
1,675
Increase/(decrease) in creditors
44,473
(10,472)
Cash generated from/(absorbed by) operations
20,416
(15,433)
18
Analysis of changes in net funds

The charitable company had no debt during the year.

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