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|---|---|---|---|---|---|
|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|
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|||||||||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|
##
##
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##
##
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##
##
##
##
|||||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|
##
||||Group||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|
##
|||Group||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|
|19.|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|
#
##
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##
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##
##
||||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|
##
##