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|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||||
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|||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|
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||||||||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).|||
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023|2023|2022|2022|2022|
|||Notes|6|f||f|6|6|
|IIL9ILff|||||||||
|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|
##
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||||||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|||||||||
|IIglggtdgtgfUggf(s|||||||||
|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|
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||||||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||
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||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|
|||Cl|||ED||
|---|---|---|---|---|---|---|
|||S.||CV|||
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|||||0&|cO|Pl|
||||||Cl||
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PI|||||g||
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Cl||
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||||Cl'P
C||m||
||||4|6;5|||
|||0|||||
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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|
|~Td nrbgggfg|||
|Foolbag Development|356,035|289,832|
|i
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CO||||CO
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|---|---|---|---|---|---|---|---|---|---|---|
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8.||||Ct|
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v)
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8
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||||||||4|0|IX||
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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|
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|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|
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||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|
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|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|
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||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|
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|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|
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|||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|
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||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|
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