2023-05-31-accounts

Trustees		Andrew Mollett	(Chair)	(Chair)
		Marie Gabriel
		Jeremy Crook
		Hend Brandman
		Jackie Ferdinand
		Jeffrey Hayes
Chief Executive		Joseph Lyons
Secretary		Andrew Mollett
Charity number		1114458
Company	number	05731045
Registered	offic	60aAlbatross	Close
		Beckton
		London
		E6 5NX
Auditor		FWinter &Co	LLP
		Statutory Auditors		& Chartered	Accountants
		Ramillies House
		2 Ramlllles Street
		London
		W1F 7LN
Bankers		Barctays Bank
		1 Churchill Place
		London
		E145HP

		Page
Trustees' report		1-12
Statement oftrustees'	responsibilities
Independent auditors	report	14-17
Statement ofRnanctat	acdvtdes	18
Balance sheet		19
Statement ofcash flows
Notes to the Rnandal	statements	21 - 34

							2022/2023	2021/2022
								6
Income							3,612,603	3,613,200
The group'	Incoming	resources can		be analysed		as follows:
Donations							447,469	321,739
Football Development							830,039	832,570
Community							896,843	897,724
Learning							806,501	900,989
Coronavirus	Job Retention		Scheme					52,297
Trading activities							631,751	607,881
The group	recorded	a net Increase		In funds of.			76,018	218,878
At ths year	end the group had nst assets of:						609,219	533,201
The 2022 figures have been restated during					the	year (see note 3).

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
		Notes	6	f		f	6	6
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Donations and similar
Income		4	447,469		447,469	321,739		321,739
Income from Charitable
Activities		6	628,893	1,904,490	2,633,383	792,204	1,891,376	2,683,580
Other trading activities		6	631,751		631,751	607,881		607,881
Total Income			1,708,113	1,904,490	3,612,603	1,721,824	1,891,376	3,613,200
Ex~dl &~en
Expenditure on trading
activl5es		7	356,035		356,035	289,832		289,832
Charitable activities		8	1,276,060	1,904,490	3,180,550	1,213,114	1,891,376	3,104,490
Total expenditure			1,632,095	1,904,490	3,538,585	1,502,948	1,891,376	3,394,322
Net income for	the year/
Net movement	In funds		76,018		76,018	218,878		218,878
Fund balances at 1 June		2022	533,201		533,201	314,324		314,324
Fund balances	at 31 htay
2023			609,219		609,219	533,201		533,201

					Group	Charity	Group	Charity
					2023	2023	2022	2022
				Notes	2		6	6
Fixed assets
Tangible assets				12	23,337	23,337	8,659	8,659
Investments				20		1		1
					23,337	23,338	8,859	8,660
Current assets
Debtors				13	999,127	1,050,942	1,458,333	1,411,364
Cash at bank and	In	hand			262,004	'I59,832	211,090	89,595
					1,261,131	1,210,774	1,669,423	1,500,959
Creditors: amounts		falling due within
one year				14	(675,245)	(624,889)	(1,144,881)	(976,416)
Net current assets					585,882	585,882	524,541	624,541
Total assets less	current		Ifabllltlss		609,219	609,219	533,201	533,201
Income funds
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Designated funds					100,000	100,000	76,000	75,000
General unrestricted		funds			509,219	509,219	458,201	458,201
					609,219	609,219	533,201	533,201

					2023		2022
				Notes	8		8
Cash flows from operating			activities
Cash generated		from operagons		21		72,519
Investing	acdvitles
Purchase	oftangible fixed assets				(21,805)		(8,066)
Net cash	used	ln investing	activities			(21,605)
Net cash	used	In financing	activtdes
Net Increase in		cash and cash equivalents				50,914
Cash and	cash	equivalents	at beginning	ofyear		211,090
Cash and	cash	equivalents	at end of	year		262,004

	Unrestricted	Unrestricted
	funds	funds
	general	general
	2023	2022
	8	8
Grants	234,500	230,000
Donations	91,329	77,114
Legacies	40,000
Fundraislng	81,640	14,625
	447,469	321,739

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			Unrestricted	Unrestricted
			funds	funds
			general	general
			2023	2022
				6
Football development			593,542	467,518
Other trading	income		38,209	125,404
Comnavlrus	Job Retention	Scheme		14,959
Other trading	activities		631,751	607,881

	Unrestricted	Unrestricted
	funds	funds
	general	general
	2023	2022
	6	6
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Foolbag Development	356,035	289,832

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Support	c	oats
				Support	Governance	2023	Support	Governance	2022
				costs	costs		costs	costs
				f	f		f
Football Development				492,435		492,435	328,063		328,063
Community				232,193		232,193	210,557		210,557
beaming				556,666		556,666	510,912		510,912
Audit fees					11,000	11,000			9,500
Other fees		payable	to
auditors					1,200	1,200		910	910
				1,281,294	12,200	1,293,494	1,049,532	10,410	1,059,942
Analysed	between
Charitable		activities		1,281,294	12,200	1,293,494	1,049,532	10,410	1,059,942

The average monthly number ofemployees during t	he year was:
	2023	2022
	Number	Number
Full time employees	47	54
Part time employees	61	93
Total		147
Employment costs	2023	2022
	f	f.
Wages and salaries	1,973,279	1,841,782
Sodal security costs	242,546	331,524
Other pension costs	60,421	65,084
	2,276,246	2,238,390

	Is es follo	ws:
				2023	2022
				Number	Number
	f170,001-f180,000 f80,001-f90,000
	f70,001-f80,000 f60,001-f70,000
12	Tangible	fitted assets
				Plant S alachlnety
					f.
	Cost
	At1 June	2022			42,853
	Additions				21,605
	Dlsposals				(30,996)
	At 31 May	2023			33,482
	Depreciation and impairment
	At1 June2022				34,195
	Depreciation charged		In ths year		6,926
	Eliminated	in respect ofdlsposals			(30,996)
	At 31 May	Z023			10,125
	Canying	amount
	At 31 May	2023			23,337
	At 31 May	2022			8,659

Debtors
				Group	Charfty	Group	Charity
				2023	2023	Z022	2022
Amounts	falling due within		one yean		f	f
Trade debtors				447,107	368,647	1,027,121	913,628
West Ham	United Foundation		Enterprises
(WHUFE)					419,344		373,630
Other debtors				1,816	1,816
Prepayments		and accrued Income		550,204	261,135	431,212	124,108
				999,127	1,050,942	1,458,333	1,411,364

14	Creditors: amounts		falling	falling	due within one year
						Group	Charity	Group	Charity
						2023	2023	2022	2022
					Notes	6	6	6	8
	Other taxation and social
	securliy					87,048	62,358	83,847	57,742
	Deferred income					253,319	253,319	269,938	269,938
	Trade creditors					188,759	174,535	433,407	428,332
	Accruals and deferred			Income		148,119	134,677	357,689	220,404
						675,245	624,889	1,144,881	976,416
16	Deferred income
								2023	2022
								8	6
	Other deferred income							253,319	269,938
								2023 6	2022f
	Deferred Income is	induded			within:
	Current liabilities							253,319	269,938
	Movements in the year.
	Deferred Income at	1	June		2022			289,938	303,044
	Released from previous			periods				(269,938)	(303,044)
	Resources deferred	In		Ihe year				253,319	269,938
	Deferred income at	31		May	2023			253,319	269,938

	General Designated	General Designated	Total	Restricted	Restricted	Total	Funds
	Reserve Funds		Unrestricted	Funds
At 1June 2021	264,323	50,000	314,323				314,323
Incoming resources	1,721,824		1,721,824		1,891,376		3,613,200
Resources expended	(1,502,948)		(1,502,946)		(1,891,376)		(3,394,322)
Transfer	(25,000)	25,000
At 31 Ifiay 2022	458,201	75,000	533,201				533,201
At 1 June 2022	458,201	75,000	533,201				533,201
Incoming resources	1,708,113		1,708,113		1,904,490		3,612,603
Resources expended	(1,632,095)		(1,632,095)		(1,904,490)		(3,536,585)
Transfer	(25,000)	25,000
At 31 May 2023	509,219	100,000	609,219				609,219

Analysis	ofnet assets bet	ween funds
		General	Designated	Total	General	Designated	Total
		reserve	funds	unrestricted	reserve	funds	unrestricted
				funds			funds
		2023f	2023 f	2023 f	2022 f	2022 f	2022 f
Fund balances at 31
May 2023	are
represented	by:
Tangible assets		23,337		23,337	8,659		8,659
investments		1		1	1		1
Current assets/(liabilities)		485,881	100,000	585,881	449,541	75,000	524,541
		509,219	100,000	609,219	458,201	75,000	533,201

		2023	2022
		6
Aggregate	compensation	477,248	493,091

				Purchase ofgoods	Purchase ofgoods	Purchase ofgoods
					2023	2022
					f
West Ham United Football Club				56,271		67,848
Other trading	income (Note 6) indudes	salary and other recharges	to West Ham	United	Football Club for the
use ofstaff snd hospitality.

					Recharges
					2023	2022
						6
West	Ham	United	Football	Club	38,209

					Amounts	owed	to	related
						parties
						2023		2022
						6		6
West	Ham	United	Football	Club	117,356			18,400

	Details ofthe charity's	subsidiaries at 31	subsidiaries at 31	May	2023 sre as follows:
	Name ofundertaking	Reghtered			Nature ofbusiness	Class of % Held
		office				shares	held Direct	Indirect
	West Ham United	England	and		Provision ofSports Services	Ordinary	100.00
	Foundation Enterprises	Wales
	(WHUFE) Limited
	Share Capital Held 81
21	Cash generated from	operations					2023	2022
							8	8
	Surplus for the year						76,018	218,878
	Loss on disposal ofFixed Assets							89,789
	Depredation and impairment oftangible			lixed	assets		6,926	2,566
	Movements in working	capital:
	Decrease/(increase) In	debtors					459,207	(370,214)
	(Decrease)/Increase in	creditors				(453,013)		212,579
	(Decrease) in deferred	Income					(16,619)	(33,106)
	Cash generated from	operadons					72,519	120,492