TOTTENHAM HOTSPUR FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £173,616 for the year ended 30 June 2024, compared to a deficit of £322,015 in the prior year. Per the trustees' report, the charity holds unrestricted general reserves of £2.5 million, which exceeds its stated policy target of covering running costs for at least a twelve-month period. The charity relies on core funding from the Club, the Premier League Charitable Fund, and the People's Postcode Lottery, noting a continued reliance on these primary sources as a principal financial risk.
What the accounts disclose
“The revised policy is that the level of free reserves (i.e. unrestricted and undesignated funds) are intended to potentially cover any shortfall in the medium-term funding plans and also cover the Foundation's running costs for at least a twelve-month period in the event that income streams where to cease completely.” — page 21
“During the year, income from Tottenham Hotspur Football and Athletic Co. Limited of £36,000 (2023: £36,000) was recognised by the Foundation.” — page 40
“The Foundation entered a twenty-five-year lease, dated 2 September 2016, with Stardare Limited, a subsidiary of Tottenham Hotspur Limited, for renting Percy House. The initial rent is £5,622 per annum, including VAT.” — page 40
“During the year, income from Tottenham Hotspur Football and Athletic Co. Limited of £36,000 (2023: £36,000) was recognised by the Foundation.” — page 40
“The Foundation entered a twenty-five-year lease, dated 2 September 2016, with Stardare Limited, a subsidiary of Tottenham Hotspur Limited, for renting Percy House. The initial rent is £5,622 per annum, including VAT.” — page 40
Funders the charity credits
- Postcode Lottery
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Dr Nnenna Osuji
- Jan Balon
- MATTHEW JOHN COLLECOTT
- Michael Thomas Hinch
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £3.2m | £3.3m |
| 30/06/2024 | £2.2m | £2.4m |
| 30/06/2023 | £2.2m | £2.5m |
| 30/06/2022 | £2.6m | £2.5m |
| 30/06/2021 | £2.2m | £2.3m |
Common questions
Is TOTTENHAM HOTSPUR FOUNDATION financially healthy?
The accounts state that the charity reported a net deficit of £173,616 for the year ended 30 June 2024, compared to a deficit of £322,015 in the prior year. Per the trustees' report, the charity holds unrestricted general reserves of £2.5 million, which exceeds its stated policy target of covering running costs for at least a twelve-month period. The charity relies on core funding from the Club, the Premier League Charitable Fund, and the People's Postcode Lottery, noting a continued reliance on these primary sources as a principal financial risk. Its FY2024 accounts were audited by Xeinadin Audit Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 18/02/2025 | £700k | Regular Grant 2025 |
| Postcode Lottery | 01/12/2023 | £700k | Regular Grant 2024 |
| Postcode Lottery | 29/03/2023 | £700k | Regular Grant 2023 |
| Postcode Lottery | 16/03/2022 | £600k | Regular Grant 2022 |
| The National Lottery Heritage Fund | 17/09/2014 | £1.7m | "Percy House: Regeneration through Heritage and Enterprise" |