2022-08-31-accounts - Sheffield Wednesday Football Club Community Programme

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				Page
Report ofthe Trustees			1	to	10
Report ofthe Independent	Auditors		11	to	13
Consolidated Statement ofFinancial		Activities		14
Consolidated Balance Sheet				15
Company Balance Sheet				16
Consolidated Cash Flow	Statement			17
Notes to the Consolidated	Cash Flow Statement			18
Notes to the Consolidated	Financial	Statements	19	to	32

								2022	2021
						Unrestricted	Restricted	Total	Total
						fund	funds	funds	funds
					Notes
INCOME AND	ENDOWMENTS			FROM
Donations and legacies						19,577	103,002	122,579	86,185
Charitable activities
Education						640,543	118,700	759,243	701,112
Health, Inclusion		and Participation				315,022	535,436	850,458	445,006
National Citizen	Service					229,454		229,454	301,400
Investment income						3,783		3,783	503
Other grants						207,570	156,387	363,957	97,942
Total						1,415,949	913,525	2 329,474	1,632,148
EXPENDITURE		ON
C harita ble activities
Education						587,069	153,033	740,102	615,965
Health, Inclusion		and Participation				169,913	669,137	839,050	452,499
National Citizen	Service					273,076	34,333	307,409	183,083
Other									1,389
Total						1,030,058	856,503	1,886,561	1,252,936
NET INCOME						385,891	57,022	442,913	379,212
Transfers between		funds			19	~22,581)	22,581
Net movement	in	funds				363,310	79,603	442,913	379,212
RECONCILIATION			OF FUNDS
Total funds brought forward						657,059		657,059	277,847
TOTAL FUNDS		CARRIED FORWARD				1,020,369	79,603	1,099,972	657,059

				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes
FIXEDASSETS
Intangible assets Tangible assets	11 12	33,598		33,598	3,360 30,559
		33,598		33,598	33,919
CURRENT ASSETS
Debtors	14	249,099	20,292	269,391	262,879
Cash at bank and in hand		897,778	60,361	958,139	580,063
		1,146,877	80,653	],227,530	842,942
CREDITORS
Amounts falling due within one year	15	(129,273)	(1,050)	(130,323)	(173,625)
NET CURRENT ASSETS		1,017,604	79,603	1,097,207	669,317
TOTAL ASSETSLESS CURRENT
LIABILITIES		1,051,202	79,603	1,130,805	703,236
CREDITORS
Amounts falling due after more than one year	16	(30,833)		(30,833)	(46,177)
NET ASSETS		1,020,369	79,603	1,099,972	657,059
FUNDS	19
Unrestricted funds				1,020,369	657,059
Restricted funds				79,603
TOTALFUNDS				1,099,972	657,059

					2022	2021
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes
FIXEDASSETS
Intangible assets		11				3,360
Tangible assets		12	33,598		33,598	30,559
Investments		13	1		1
			33,599		33,599	33,919
CURRENT ASSETS
Debtors		14	249,099		249,099	262,879
Cash at bank and in hand			897,778	25,216	922,994	580,063
			1,146,877	25,216	1,172,093	842,942
CREDITORS
Amounts falling due within	one year	15	(129,274)		(129,274)	(173,625)
NET CURRENT ASSETS			1,017,603	25,216	1,045,819	669,317
TOTAL ASSETSLESSCURRENT
LIABILITIES			1,051,202	25,216	1,076,418	703,236
CREDITORS
Amounts falling due after more than one year		16	(30,833)		(30,833)	(46,177)
NET ASSETS			1,020,369	25,216	1,045,585	657,059
FUNDS		19
Unrestricted funds					1,020,369	657,059
Restricted funds					25,216
TOTAL FUNDS					1,045,585	657,059

	Sheffield Wednesday	Sheffield Wednesday	Sheffield Wednesday	Sheffield Wednesday	Football	Club
		Community		Programme
		Consolidated	Cash		Flow Statement
		For The Year	Ended		31 August	2022
						2022	2021
		Notes
Cash flows from operating activities Cash generated fiom operations Interest paid						401,778 ~956)	146,050 ~1,389)
Net cash provided by operating activities						400,822	144,661
Cash flows from investing activities Purchase oftangible fixed assets Sale oftangible fixed assets Interest received						(17,362) 3,783	(5,009) 1,586 503
Net cash used in investing activities						~13,579)	~2,920)
Cash flows from financing New loans in year Loan repayments in year	activities					~9,167)	50,000
Net cash (used in)/provided	by financing	activities				~9,)67)	50,000
Change in cash and cash the reporting period	equivalents	in				378,076	191,741
Cash and cash equivalents beginning ofthe reporting	at the period					580,063	388,322
Cash and cash equivalents the reporting period	at the end	of				958,139	580,063

				2022	2021
Net income	for the	reporting	period (as per the Statement ofFinancial
Activities)				442,913	379,212
Adjustments	for:
Depreciation	charges			17,683	22,668
Profit on disposal offixed assets					(1,005)
Interest received				(3,783)	(503)
Interest paid				956	1,389
Increase in debtors				(6,512)	(183,800)
Decrease in	creditors			~49,479)	~71,911)
Net cash provided		by operations		401,778	146,050

ANALYSIS OF CHA	N	GES IN NET FUNDS
			At 1.9.21	Cash flow	At 31.8.22
Net cash
Cash at bank and in hand			680 063	378,076	958,139
			580,063	378,076	958,139
Debt
Debts falling due within		1 year	(10,000)		(10,000)
Debts falling due after	1	year	~40,000)	9,167	~30,833)
			~50,000)	9,167	~40,833)
Total			530,063	387,243	917,306

				2022	2021
Gifts				3
Donations				19,577	10,516
Donated	services	and	facilities	102,999	75,669
				122,579	86,185

								2022	2021
	Deposit account interest							3,783	503
4.	INCOME FROM			CHARITABLE ACTIVITIES
								2022	2021
						Health,
						Inclusion	National
						and	Citizen	Total	Total
					Education	Participation	Service	activities	activities
	BTECDelivery				468,305			468,305	455,475
	Foundation	Degree			67,375			67,375	43,750
	Other educational			and skills	47,333			47,333	91,898
	Employment	and	training		57,530			57,530	52,897
	Premier League funded
	projects Youth work					183,178	229,454	183,178 229,454	164,783 392,556
	Community	engagement				663,411		663,411	172,914
	Other charitable		income			1,369		1,369	10,789
	Kickstart scheme				118,700			118,700	57,092
	Sponsorship					2,500		2,500	5,364
					759,243	850,458	229,454	1,839,155	1,447,518
5.	CHARITABLE		ACTIVITIES COSTS
								Suppo&t
							Direct	costs (see
							Costs	note 6)	Totals
	Education						515,147	224,955	740,102
	Health, Inclusion		and Participation				651,961	187,089	839,050
	National Citizen		Service				180,979	126,430	307,409
							1,348,087	538,474	1,886,561
6.	SUPPORT	COSTS
						Other	Staff	Governance
						overheads	costs	costs	Totals
	Education					180,628	41,595	2,732	224,955
	Health, Inclusion			and Participation		137,552	41,339	8,198	187,089
	National Citizen		Service			82,469	41,229	2,732	126,430
						400,649	124,163	13,662	538,474

Net income/(expenditure) is stated af	ter charging/(crediting):
		2022	2021
Auditors' remuneration		5,295	5,040
Auditors' remuneration for non-audit	work	8,367	6,311
Depreciation - owned assets Surplus on disposal offixed assets Website costs amortisation		14,323 3,360	16,188 (1,005) 6,480
Operating leases		45,184	52,643

STAFF COSTS
							2022	2021
Wages and salaries Social security costs Other pension costs							1,021,737 73,132 54,324	770,889 52,212 44,886
							1,149,193	867,987
The average monthly	number ofemployees		during	the year was	as follows:
							2022	2021
Charitable activities							65	44
Management and administration							4	3
							69	47
The number ofemployees		whose employee	benefits (excluding		employer	pension	costs) exceeded	f60,000 w
							2022	2021
660,001 - 670,000							1	1

	Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2022	Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2022	Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2022	Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2022
10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				fund	funds	funds
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			9,937	76,248	86,185
	Charitable activities
	Education				701,112	701,112
	Health, Inclusion and Paiticipation			196,808	248,198	445,006
	National Citizen Service			301,400		301,400
	Investinent income			503		503
	Other income			18,422	79,520	97,942
	Total			527,070	1,105,078	1,632, 148
	EXPENDITURE ON
	Charitable activities
	Education				615,965	615,965
	Health, Inclusion and Participation			158,876	293,623	452,499
	National Citizen Service			157,860	25,223	183,083
	Other			1,389		1,389
	Total			318,125	934,811	1,252,936
	NET INCOME Transfers between funds			208,945 170,267	170,267 ~170,267)	379,212
	Net movement in funds			379,212		379,212
	RECONCILIATION	OF FUNDS
	Total funds brought forward			277,847		277,847
	TOTAL FUNDS CARRIED FORWARD			657,059		657,059
11.	INTANGIBLE FIXEDASSETS
						Website
	Group and Company					costs
	COST
	At 1 September 2021 and 31 August 2022					32,400
	AMORT ISATION
	At 1 September 2021 Charge for year					29,040 3,360
	At 31 August 2022					32,400
	NET BOOK VALUE
	At 31 August 2022
	At 31 August 2021					3,360

	For The Year En	ded 31 August 2022
12.	TANGIBLE FIXEDASSETS
		Alterations
	Group and Company	to
		tenanted	Office
		property	equipment	Totals
	COST
	At 1 September 2021	72,638	77,659	150,297
	Additions		17,362	17,362
	At 31 August 2022	72,638	95,021	167,659
	DEPRECIATION
	At 1 September 2021	48,473	71,265	119,738
	Charge for year	9,578	4,745	14,323
	At 31 August 2022	58,051	76,010	134,061
	NET BOOK VALUE
	At 31 August 2022	14,587	19,011	33,598
	At 31 August 2021	24,165	6,394	30,559
13.	FIXEDASSET INVESTMENTS
	Company
				Shares in
				gl'oup
				undertaking
	COST
	At 1 September 2021
	Addition
	31 August 2022
	NET BOOK VALUE
	At 31 August 2022
	At 31 August 2021

DEBTORS:	AMOUNTS FALLING DUE	WITHIN ONE	YEAR
			Group		Company
		2022		2021	2022	2021
Trade debtors		175,550		147,368	175,550	147,368
Amounts owed by group undertakings Other debtors		28,518		55,708	12,451 24,836	55,708
Prepayments	and accrued income	65,323		59,803	36,262	59,803
		269,391		262,879	249,099	262,879

				Company
		2022	2021	2022	2021
Bank loans and overdrafts	(see note 17)	10,000	10,000	10,000	10,000
Trade creditors		73,737	75,843	73,737	75,843
Deferred income		11,352	39,496	11,352	39,496
Accrued expenses		35,234	48,286	34,185	48,286
		130,323	173,625	129,274	173,625

			Company
	2022	2021	2022	2021
Bank loans (see note 17) Deferred income	30,833	40,000 6,177	30,833	40,000 6,177
	30,833	46,177	30,833	46,177

An analysis ofthe maturity ofloans is given below:
		Group		Company
	2022		2021	2022	2021
Amounts falling due within one year or on demand: Bank loans	10,000		10,000	10,000	10,000
Amounts falling due between one and two years: Bank loans.	10,000		10,000	10,000	10,000
Amounts falling due between two and five years: Bank loans.	20,833		30,000	20,833	30,000

	2022	2021
Within one year	16,398	34,754
Between one and five years	19,327	15,000
	35,725	49,754

MOVEMENT IN	FUNDS	FUNDS
Group
				Net	Transfers
				movement	between	At
			At 1.9.21	in funds	funds	31.8,22
Unrestricted funds
General fund			507,059	385,891	(22,581)	1,020,369
Restricted funds
Other Health, Inclusion		and Participation
Funds				(29)	29
Youth Endowment	Fund			10,561		10,561
Holiday and Food Programme				(9,473)	9,473
Premier League Kicks				7,786		7,786
Prunary Stars Fund				(13,079)	13,079
Active Through Football		Fund		6,869		6,869
Jubilee Project				54,387		54,387
				57,022	22,581	79,603
TOTAL FUNDS			657,059	442,913		1,099,972

Company				Net	Transfers
				movement	between	At
			At 1.9.21	in funds	funds	31.8.22
Unrestricted funds
General fund			657,059	385,891	(22,581)	1,020,369
Restricted funds
Other Health, Inclusion	and Participation
Funds				(29)	29
Youth Endowment Fund				10,561		10,561
Holiday and Food Programme Premier League Kicks				(9,473) 7,786	9,473	7,786
Primary Stars Fund Active Through Football		Fund		(13,079) 6,869	13,079	6,869
				2,635	22,581	25,216
TOTAL FUNDS			657,059	388,526		1,045,585
Net movement in funds,		included	in the above are as follows:
Group
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				1,415,949	(1,030,058)	385,891
Restricted funds
Education				34,334	(34,334)
Other Health, Inclusion	and Participation
Funds				174,961	(174,990)	(29)
National Citizen Service				34,334	(34,334)
Kick Start Programme Youth Endowment Fund				118,700 85,144	(118,700) (74,583)	10,561
Holiday and Food Programme Premier League Kicks Primary Stars Fund Active Through Football Fund Jubilee Project				199,899 142,928 40,000 25,225 58,000	(209,372) (135,142) (53,079) (18,356) ~3,613)	(9,473) 7,786 (13,079) 6,869 54,387
				913,525	~856,503)	57,022
TOTAL FUNDS				2,329,474	~1,886,561)	442,913

Group and		Company
				Net	Transfers
				movement	between	At
			At 1.9.20	in funds	funds	31.8.21
Unrestricted		funds
General fund			277,847	208,945	170,267	657,059
Restricted		funds
Restricted	funds			170,267	(170,267)
TOTAL FUNDS			277,847	379,212		657,059

Comparative net movement in funds, includ	ed in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	527,070	(318,125)	208,945
Restricted funds
Restricted funds	1,105,078	(934,811)	170,267
TOTAL FUNDS	1,632, 148	~1,232,936)	379,212

				Net	Trans fers
				movement	between	At
			At 1.9.20	in funds	funds	31,8.22
Unrestricted funds
General fund			277,847	594,836	147,686	1,020,369
Restricted funds
Restricted funds				170,267	(170,267)
Other Health, Inclusion		and Participation
Funds				(29)	29
Youth Endowment	Fund			10,561		10,561
Holiday and Food Programme Premier League Kicks Primary Stars Fund Active Through Football Fund Jubilee Project				(9,473) 7,786 (13,079) 6,869 54,387	9,473 13,079	7,786 6,869 54,387
				227,289	(147,686)	79,603
TOTAL FUNDS			277,847	822,125		1,099,972

A current year 12 months as follows:	and prior year 12 months c	ombined net movement in	funds, included i	n the above ar
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		1,943,019	(1,348,183)	594,836
Restricted funds
Restricted funds		1,105,078	(934,811)	170,267
Education		34,334	(34,334)
Other Health, Inclusion Funds	and Participation	174,961	(174,990)	(29)
National Citizen Service		34,334	(34,334)
Kick Start Programme Youth Endowment Fund		118,700 85,144	(118,700) (74,583)	10,561
Holiday and Food Programme Premier League Kicks Primary Stars Fund Active Through Football Fund Jubilee Project		199,899 142,928 40,000 25,225 58,000	(209,372) (135,142) (53,079) (18,356) ~3,613)	(9,473) 7,786 (13,079) 6,869 54,387
		2,018,603	i1,791,314)	227,289
TOTAL FUNDS		3,961,622	~3, 139,497)	822,125

			2022	2021
Season and	matchday	tickets	62,918	31,600
Promotion	and sponsorship		8,488	8,469
ITsupport			10,533	24,035
Other			20,873	11,565
			102,812	75,669