OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

Page
Report ofthe Trustees 1 to7
Report ofthe Independent Auditors 8to 10
Statement of Financial Activities
Balance Sheet 12
Cash Flaw Statement 13
Notes to the Financial Statements 14to 28

Group Group Charity Charity
2022 2021 2022 2021
Notes 6 E
FIXEDASSETS
Tangible assets 14 4,391,911 412,088 4,390,765 409,876
Investments 15 - — 1 1
4,391,911 412,088 4,390,766 409,877
CURRENTASSETS
Debtors 16 314,886 172,838 354,094 173,801
Cash at bank and in hend 1,113,919 1,261,955 1,068,550 1,252,849
1,428,805 1,434,793 1,422,644 1,426,650
CREDITORS
Amounts
falling due within one year		 17 (1,106,730) (209,233) (1,099.773) (199,232)
NET CURRENT ASSETS 322,075 1,225,560 322,871 1,227,418
TOTAL ASSETSLESSCURRENT
LIABILtllES 4,713,986 1,637,648 4,713,637 1,637,295
CREDITORS
Amounts
falling due in more than one
year 18 (244,500) (236,100) (244,500) (236,100)
NET ASSETS 4,469,486 1,401,548 4,469,137 1,401,195
FUNDS
Restricted funds 21 2,712,928 93,495 2,739,028 109,595
Unrestricted
funds		 21 1,756,558 1,308,053 1,730,109 1,291,600
TOTAL FUNDS 4,469,486 1,401,548 4,469,137 1,401,195
«««
'i
«\
its behalf by:		 «««««ytt «e
««
t		 .M..~.h.j1tu3
«		 i««

Unrestricted Restricted Total Total
funds funds 2022 2021
Notes 2 E
INCOME FROM
Donations
and legacies		 5 610,794 2.575,335 3,186,129 310,737
Charitable
activities
Sports and education 6 722,944 576,476 1,299,420 1,464,331
Other trading activities
Other trading activiges
Inveslment
income		 19 19 15
Commercial
trading operations		 49,956 49,956 12,664
Total 1,383,713 3,151,811 4,535,524 1,787,747
EXPENDITURE ON
Raising funds
Commercial
trading
operations		 3 19,990 19,990 10,633
Charitable
activities
Sports and education 7 879,899 567,697 1,447,596 1,234,540
Total 899,889 567,697 1,467,586 1,245,173
Net income/(expenditure) 483,824 2,584,114 3,067,938 542,574
Transfers between
funds		 20 (35,319) 35,319
Taxation (trading subsidiary only) 10
Net movement
In funds		 448,505 2,619,433 3,067,938 542,574
RECONCILIATION
OF FUNDS
Total funds brought forward 1,308,053 93,495 1,401,548 858,974
TOTAL FUNDS CARRIED FORWARD 1,756,558 2,712,928 4,469,486 1,401,548

Group Group Charity Charity
Notes 2022
f		 2021f 2022 2021
Cash flows from operating activities
Cash generated from operations 28 3,860,578 392,929 3,824,315 461,814
3,860,578 392,929 3,824,315 461,814
Cash flows from investing activities
Interest received 15 15
Purchase oftangible axed assets (4,008,633) (59,232) (4,008,633) (59,232)
Cash provided by (used in) investing activities (4,008,614) (59,217) (4,008,614) (59,217)
Change
In cash		 and cash equivalents in the
rsporling
period		 (148,036) 333.712 (184,299) 402,597
Cash and cash equivalents atthe beginning
ofthe reporting period 1,261,955 925,243 1,252,849 850,252
Total cash atthe end ofthe year 1,113,919 1,261,955 1,068,550 1,252,549
ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
At 01.9.21 Cash flow At31.8.22
E
Net cash
Cash at bank 1,261,955 (148,036) 1,113,919
1,251,955 (148,036) 1,113,919
Debt
Debts falling dus after 1 year (236,100) (8,400) (244,500)
(236,100) (8,400) (244,500)
Total 1,025,855 -156.436 869.419

Depreciation
is provided at the following		 annual rates in order to write offeach asset over its estimated useful life.
Leasehold
property		 -2%straight
line
Leasehold
improvements		 -20%straight line
Fixtures. fittings and ofiice equipment —20%and 33%straight line
Sports equipment —20%straight line
Motor vehicles -20%reducing balance

A summary of ths f inancial
arfii		 vities
undertaken
by ths charity is		 set out below:
2022 2021
2
Total incoming
resources		 4,515,538 1,777;l15
Total srrpendihrrs on charitable activities (1.447,596) (1,234.540)
Nst outgoing resources 3,067,942 542,575
Total funds brought forward 1,401,195 558,620
Total funds carried forward 4,469,137 1,401,195
Represented by:
Restricted funds 2,739,028 109,595
Unrestricted funds 1,730,109 1,291,600
4,469,137 1,401,195

extract of the fin
2022:		 ancial
statemen		 ts
of Pompey
Foundation
Trading
 Company
Limited
for the period en		 ded 31 August
2022 2021
5 5
Turnover 4a,gss 12.664
Cost afsales snd administrative expenses (19,990) (1D,633)
Profit before tsx 29,966 2.031
Corporation
tax (see note 10)
Profit alter tax 2a,ass 2,031
Profits distributed toths charity (29,966) (2,D31)
Retained
in subsidiary
The assets and liabilities af the subsidiary were:
Fixed assets 1,146 2,212
Current assets 45,555 15,162
Current liabilities (48,345) (17,018)
Net assets 356 356
Aggregate share capital and reserves 356 356

Grants reoeived
included		 In the above, are as follows. 2022 2021
Job reten5on scheme 137,440
Portsmouth
City Counal		 16,567
Veosa 32,DDO
Pompey Supporters
Trust		 250,000
Eisnsr Foundation 255,870
The Benegcial Foundation 146,00O
Football Foundatian 870.518
Levelling
Up Fund		 986.000
2,508,388 186,007

Unrestricted Restricted Total Total
funds funds 2022 2021
8 5
Skill tralnln9 ceiltres 11,658 11,658 40,183
Advanced
training centres		 8,408 8,408 20,572
After school clubs 48,271 48,271 104,605
Holiday courses 116,124 116,124 98.793
Other coumes and coaching income 73,377 1,565 74,942 128,302
Primary School Sports 68,691 68,691 67,50D
Southern Water 2,824
Premier League Kicks 143,656 143,656 169,500
Health trainer 12,524
No Limits CIN 10,325
National
CiTizen Service		 15D,575 150,575 756,786
Positive Acbvities 72,000 72,000 41,135
FA Women and Girls 10,417
Pompey Power Chair 2,025
Portsmouth
Amputee		 Irwin Mitchell 1,218
IOW Degree Programme 26,400
Life 'n' Chimes CCG 188 188
Spirit ofRugby 4,900
Kinder Sport Move 8 Leam 21,600 21,600 33.700
Sub Total Carried
Forward		 408,601 307,512 716,113 1,551,709

Support
Direct costs Total Total
expenditure (see note 8) 2022 2021
8
Sports and education
Wages and salaries 527,755 355,096 882,851 862,362
SubCOntraCtOre
and		 Ccnauitama 15,586 2,988 18,574 17.349
Venue hire 115,943 115,943 48,612
Sporls equipment 25,131 (592) 24,539 7,041
Tickets and kits from Portsmcuth FC 55,850 55,850 9,200
Intellectual
and commercial		 rights from
Porlsmouth
FC		 30,130 30,130 7,000
Player appearance costs 200 200 200
Other course costs 53,225 5,955 59,180 44.537
Motor vehicle hire and expenses 9,566 53,892 63,458 87,416
Office equipment
hire		 and maintenance (333) 15,824 15,491 13,571
Printing,
postage and		 stationery 1,675 19,738 21,413 2,177
Telephone 1,459 19,830 21,289 16,777
Travel and subsistence (1,887) e,oee 6,169 13,365
Legal and professional fees 5,479 7,752 13,231 12,508
Premises expenses 36 30,689 30,725 28,633
Staff and volunteer training 3,094 409 3,503 3,625
Publicity and marketing 3,081 17,281 20,362 9,736
Keyfort 20,639 20,639 21,838
Sundry expenses 2,611 4,207 e,e1e 3,417
Bank and credit card charges 10,720 2,338 13,058 13.689
Bad debts (2,616) (955) (3,571) (25,916)
Depreciation 4,485 23,259 27,744 37,403
831,060 616,536 1,447,596 1,234,540
SUPPORT COSTS
Total
2022 2021
Management Governance 6
Sports and educaeon 616,536 616,536 353,491
616,536 616,536 353,491
2022 2021
Governance costs 6
Auditors'
remuneration		 5,630 5,200
Auditors'
remuneration		 - non audit
5.030 5.200

Unrestricted Restricted Total Total
funds funds 2022 2021
6 9 6 2
Sub Total BrougM Forward 408,601 307,512 716,113 1,551,709
Junior Premier League 100,916 100,916 S5,296
Your Fratton 4,250
Wheels 4All 500
Post 16Education 147,011 147,011 2D9,397
Quality Impravement Fund 32,500 32,500 32,500
Grow The Game Income 1,1DO
Challenge
Pompey-		 Sport England (6) (6) 39,506
My Pompey
—Safer		 communities 13,763 13,763
Safer communities Fund 9,917 9,917 21,947
Blue Kitchen 33.522 33,822
Kicks Start Volunteer 5,DDO
Network
Rail		 6.375
Community
integrated		 care 4,800 4,800 333
Energise Me 4,0DO
Play Upcycle Pampsy (167)
TAWS - Matlv8 5,017
Academy Education —LFE 42,246 42,246 19,584
Football Fans In Training —EFL 3,465 3,465 3,415
PAN disability - Adults
Every Player Counts - WNST 5,000 8,000 10,000
LsndsecrGunwharf 1D,598 10,596 2,145
PCC - Far Re:Fit 21,750 21,750 24,166
Covid 19-Emergency Cover 234 234 74,866
PL Pcmpey Fans' Ambassador 8,9DD e,goo 1,78D
EFL Infrastructure 8.000
Tackling Loneliness Together 6,000
Miscellsnaus
fees and		 income 33,682 18,304 51.9ee 35,617
Communities
against		 cancer 4,4OD 4,4DO
Return
to Disability		 1,00D 1,0DO
Covid 19Vaccinations Communications 5,000 5,000
PCC Fit Fans 44.000 44,00D
Safer CommuniTies 4,889 4,889
EFLT 6,055 6,055
Level Up A4A 8,333 8,333
Prostate Cancer 500
Tackling Inequalities 3,00D 3,000
Return to Play 9,782 9,782
Places to Ride 6,447 e.447
722,944 576,476 1,299,42D 2,152,390

Net resources are state d after charging:
2022 2021
Auditors'
remuneration		 5,630 5,200
Auditors'
remuneration		 -non audit work
Other operating leases 52,472 55,671
Depredation - owned assets 28,810 81,931
Depredation - assets held under finance leases 906

2022 2021
Wages and salaries 817,944 794,544
Social security costs 59,937 55,587
Employers pension costs 13,738 12,823
Redundancies
691,619 862,954
The average monthly number ofemployees (full time equivalent) during the year was as follows:
2022 2021
Number Number
Charitable 26 25
Support 10 11
36 36

Unrestricted Restricted Total
funds funds 2021
2 f
INCOME FROM
Donations
and legacies		 138,489 172,248 310,737
Charhable
activities
Sports and education 859.034 605,297 1.464,331
Other trading activities
Other trading
activities
Investment
income		 15
Commercial
trading
operations		 12,664 12,664
1,010,202 777,545 1,787,747
EXPENDITURE ON
Raising funds
Commercial
trading operations		 10,633 10,633
Charitable
activities
Spots
and education		 519,177 715,363 1,234,540
529,810 715,363 1,245,173
Net Income/(expenditure) 480,392 62,182 542,574
Transfers between funds
Taxation (trading subsidiary only)
Net movement
In funds		 480,392 62,182 542,574
RECONCILIATION
OF FUNDS
Total funds brought forward 827,661 31,313 658,974
TOTAL FUNDS CARRIED FORWARD 1,308,053 93,495 1,401,548

TANGIBLE FIXEDASSETS - GROUP
Fixtures,
fitlings Asset
Leasehold Sports and oflice Motor under
properly equipment equipment vehicles coileil'Uchon Total
E E E E E
COST
At 1 September 2021 542,693 11,983 112,493 53,800 69,761 790,730
Additions 12,028 4,898 3,991,707 4,008,633
Disposals (6,040) (8,200) (14,240)
At 31August 2D22 542,693 24,011 111,351 45,600 4,061,468 4.785,123
DEPRECIATION
At 1 September 2D21 249,139 7,477 es,ese 53,440 378,842
Charge for year 8,554 3,738 16,160 360 28,810
Eliminated
on disposaie		 (6,040) (8,200) (14,240)
At 31August 2022 257,693 11,213 78,706 45,600 393,212
NET BOOK VALUE
At 31August 2D22 285,000 12,798 32,645 4,061,468 4,391,91 'I
At 31August 2D21 293,554 4,506 43,907 360 69,761 412,088
TANGIBLE FIXEDASSETS - CHARITY Fixtures,
edlngs Asset
Leasehold Sports and oflice Molar under
properly
E		 equipment
E		 equipmentf vehicles
f		 conetrucson
f		 Total
E
COST
At 1 September 2021 542,693 10,333 105,473 45,600 69,761 773,S60
AddiTions 12,028 4,898 3,991,707 4,008,633
IXsposals (6,04D) (6,040)
At 31August 2022 542,693 22,361 104,331 45,600 4,061,468 4,776,453
DEPRECIATION
At 1 September 2D21 249,139 8,129 63,476 45,240 363,984
Charge foryear 8.554 3.434 15,396 360 27,744
Eliminated
on disposale		 (6,040) (6,040)
At 31August 2022 257,693 9,563 72,832 45,MD 385,668
NET BOOK VALUE
At 31August 2D22 285,DDD 12,788 31,499 4,061,468 4,390,765
At31August 2D21 293,554 4,204 41,997 Seo 69,761 409,87e

Group Group Charity Charity
2022 2021 2022 2021
8
Trade debtors 20,708 39,844 20,528 35,999
Social security and other taxes 162,060 904 162,952 774
Pompsy Foundation Trading
Company
Limited		 38,496 6,355
Other debtors and accrued income 114.164 111,974 114,164 111,974
Prspayments 17,954 20,116 17,954 18,699
314,886 172,838 354,094 173,801
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group Group Charity Charity
2022 2021 2022 2021
E 6
Trade creditors 987.579 49,482 987,089 48,072
Other creditors 10,902 10,928 10,902 10,928
Accrued expenses 57,872 66,155 56,247 64,247
Deferred income (see below) 50,377 62,ese 45,535 7s,ges
1,106,730 209,233 1,099,773 199,232
CREDITORS: AMOUNTS FAI.I.ING DUE IN MORE THAN ONE YEAR
Group Group Charity Charity
2022 2021 2022 2021
9 9
Other creditors 244,500 236,100 244,500 236,100
244,500 236,100 244,500 236,100
Gmup Group Charity Charity
2022 2021 2022 2021
f 5 5
Brought forward 82,688 251,349 75,985 251,349
Amount released to incoming resources (82,688) (251,349) (75,985) (251,349)
Amount deferred in year 50,377 82,688 45,535 7s,ges
Carried forward 50,377 82,668 45,535 75,985

Minimum
leas		 e payments under non-cancefiabl s
operating
le		 ases fall due as follows:
2022f 2021f
Expiring:
Within one year 43,654 44,608
Between one and five years 34,656 32,102
78,310 76,710
MOVEMENT IN FUNDS
Analysis ofunrestricted fund movements
Balance st Incoming Resources Balance at
At 1.9.21
f		 resourcesf expended
f		 Transfers At 31.8.22
General fund 1,279,378 1,383,'713 (899,889) (35,319) 1,727,883
Designated
fund		 - Pitch project 28,675 28,675
Analysis ofrestricted fund movements
Balance at Incoming Resouroes Balance at
At 1.9.21
f		 resourcesf expended
f		 Transfersf At 31.8.22
Premier League Kicks 1,764 145,156 (149,495) (2,575)
Primary Stars 5,595 68,756 (70,176) 4,175
Street Strong Youth 661 72,000 (72,661)
John Jenkins Stadium 22,344 2,574,781 (3,464) 35,319 2,628,980
Other Restricted Funds 63,131 291,1'l8 (271,901) 82,348
93,495 3,151,811 (567,697) 35,319 2,712,926

Group Group Charity Charity
2022 2021 2022 2021
8
Net movement
in funds		 3,048,460 542,574 3.067,942 542,575
Depreciation
charge		 28,810 38,975 27,744 37,401
Loss/(profit)
on disposal offixed assets
Interest received (19) (15) (19) (15)
(Increase)/decrease in debtors (142,048) (21,113) (180,293) 57,112
Increase/(decrease) in creditom 905,897 (167,492) 908,941 (175,259)
3,841,100 392,929 3,824,315 461,814