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||||Page|
|---|---|---|---|
|Report ofthe Trustees|||1 to 7|
|Report of the Independent||Auditors|8to 10|
|Statement<br>of Financial|Activities|||
|Balance Sheet|||12|
|Cash Flow Statement|||13|
|Notes to the Financial|Statements||14to 28|





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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2023|2022|
|||Notes|2|||2|
|INCOME FROM|||||||
|Donations<br>and legacies||5|160,546|1,247,177|1,407,723|3,186,129|
|Charitable<br>activities|||||||
|Sports and education||6|668,065|353,309|1,021,374|1,299,420|
|Other trading activities|||||||
|Other trading<br>activities|||||||
|Investment<br>income|||855||855|19|
|Commercial<br>trading operations|||68,723||68,723|49,956|
|Total|||898,189|1,600,486|2,498,675|4,535,524|
|EXPENDITURE ON|||||||
|Raising funds|||||||
|Commercial<br>trading operations||3|13,580||13,580|19,990|
|Charitable<br>activities|||||||
|Sports and education||7|934,614|512,916|1,447,530|1,447,596|
|Total|||948,194|512,916|1,461,110|1,467,586|
|Net income/(expenditure)|||(50,005)|1,087,570|1,037,565|3,067,938|
|Transfers between funds||20|||||
|Taxation (trading subsidiary|only)|10|||||
|Net movement<br>in funds|||(50,005)|1,087,570|1,037,565|3,067,938|
|RECONCILIATION<br>OF FUNDS|||||||
|Total funds brought<br>forward|||1,756,558|2,712,928|4,469,486|1,401,548|
|TOTAL FUNDS CARRIED FORWARD|||1,706,553|3,800,498|5,507,051|4,469,486|





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|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
||Notes|2|2|2|2|
|FIXEDASSETS||||||
|Tangible assets|14|6,484,075|4,391,911|6,484,075|4,390,765|
|Investments|15|||1|1|
|||6,484,075|4,391,911|6,484,076|4,390,766|
|CURRENTASSETS||||||
|Debtors|16|157,551|314,886|194,598|354,094|
|Cash at bank and in hand||270,553|1,113,919|225,402|1,068,550|
|||428,104|1,428,805|420,000|1,422,644|
|CREDITORS||||||
|Amounts<br>falling due within one year|17|(1,152,108)|(1,106,730)|(1,144,358)|(1,099,773)|
|NET CURRENT ASSETS||(724,004)|322,075|(724,358)|322,871|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||5,760,071|4,713,986|5,759,718|4,713,637|
|CREDITORS||||||
|Amounts<br>falling due in more than one||||||
|year|18|(253,020)|(244,500)|(253,020)|(244,500)|
|NET ASSETS||5,507,051|4,469,486|5,506,698|4,469,137|
|FUNDS||||||
|Restricted funds|21|3,800,498|2,712,928|3,800,498|2,739,028|
|Unrestricted<br>funds|21|1,706,553|1,756,558|1,706,200|1,730,109|
|TOTAL FUNDS||5,507,051|4,469,486|5,506,698|4,469,137|






## 

|||FO|R THE PERIOD E|NDED 31 AUGU|ST 2023|||
|---|---|---|---|---|---|---|---|
|||||Group|Group|Charity|Charity|
|||||2023|2022|2023|2022|
||||Notes|2||2|6|
|Cash flows from operating||activities||||||
|Cash generated|from operations||26|1,273,843|3,860,578|1,274,061|3,824,315|
|||||1,273,843|3,860,578|1,274,061|3,824,315|
|Cash flows from investing||activities||||||
|Interest received||||855|19|855|19|
|Purchase of tangible<br>fixed||assets||(2,116,403)|(4,008,633)|(2,116,403)|(4,008,633)|
|Cash provided|by (used in) investing||activities|(2,115,548)|(4,008,614)|(2,115,548)|(4,008,614)|
|Change<br>in cash|and cash equivalents||in the|||||
|reporting<br>period||||(841,705)|(148,036)|(841,487)|(184,299)|
|Cash and cash|equivalents|at the beginning||||||
|ofthe reporting|period|||1,113,919|1,261,955|1,068,550|1,252,849|
|'Total cash at the end ofthe year||||272,214|1,113,919|227,063|1,068,550|
|ANALYSIS OF|CHANGES|IN NET (DEBT)/FUNDS||||||
||||||At 01.9.22|Cash flow|At 31.8.23|
||||||2|2|2|
|Net cash||||||||
|Cash at bank|||||1,113,919|(843,366)|270,553|
||||||1,113,919|(843,366)|270,553|
|Debt||||||||
|Debts falling due after 1 year|||||(244,500)|(8,520)|(253,020)|
||||||(244,500)|(8,520)|(253,020)|
|Total|||||869,419|-851,886|17,533|





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|A summary|ofthe|financial<br>acti|vities undertaken<br>by the charity is|set out below:||
|---|---|---|---|---|---|
|||||2023|2022|
|Total incoming resources<br>Total expenditure<br>on charitable|||activities|2,485,098<br>(1,447,537)|4,515,538<br>(1,447,596)|
|Net outgoing|resources|||1,037,561|3,067,942|
|U|b<br>gh|||%69437~01,l95||
|Total funds|carried|forward||5,506,698|4,469,137|
|Represented|by:|||||
|Restricted funds||||3,800,498|2,739,028|
|Unrestricted|funds|||1,706,200|1,730,109|
|||||5,506,698|4,469,137|





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|extract of the fina<br>2023:|ncial statement|s<br>of Pomp|ey<br>Found|ation<br>Trading<br>Compan|y<br>Limited|for the period en|ded 31 August|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||2||
|Turnover||||||68,723|49,956|
|Cost ofsales and administrative||expenses||||(13,580)|(19,990)|
|Profit before tax||||||55,143|29,966|
|Corporation<br>tax (see note 10)||||||||
|Profit after tax||||||55,143|29,966|
|Profits distributed|to the charity|||||(55,143)|(29,966)|
|Retained<br>in subsidiary||||||||
|The assets and liabilities of the||subsidiary|were:|||||
|Fixed assets|||||||1,146|
|Current assets||||||62,252|45,555|
|Current<br>liabilities||||||(61,896)|(46,345)|
|Net assets||||||356|356|
|Aggregate share|capital and reserves|||||356|356|
|INVESTMENT INCOME||||||||
|All investment<br>income is derived||from cash|deposits|held within the United|Kingdom.|||
|DONATIONS<br>AND LEGACIES||||||||
|||||||2023|2022|
|||||||2|2|
|Donations||||||142,216|154,161|
|Donated goods and services||||||85,200|523,580|
|Legacies||||||||
|Grants||||||1,180,307|2,508,388|
|||||||1,407,723|3,186,129|



|Grants received<br>included|Grants received<br>included|in the above, are as follows:|2023|2022|
|---|---|---|---|---|
||||2||
|Pompey Supporters|Trust|||250,000|
|Eisner Foundation||||255,870|
|The Beneficial Foundation||||146,000|
|Football Foundation|||1,029,557|870,518|
|Levelling<br>Up Fund||||986,000|
|The Football Stadia|||129,001||
|Bluesability|||3,215||
|Hotwalls|||8,534||
|Fight for Peace|||10,000||
||||1,180,307|2,508,388|





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2023|2022|
|||2|2||2|
|Skill training centres||19,050||19,050|11,658|
|Advanced<br>training<br>centres||2,644||2,644|8,408|
|After school clubs||59,418||59,418|48,271|
|Holiday courses||178,710||178,710|116,124|
|Other courses and coaching income||88,317||88,317|74,942|
|Primary School Sports|||100,000|100,000|68,691|
|Premier League Kicks|||110,287|110,287|143,656|
|National<br>Citizen Service||34,195||34,195|150,575|
|Positive Activities|||||72,000|
|Life 'n' Chimes CCG|||||188|
|Kinder Sport Move &Learn|||22,610|22,610|21,600|
|PCC Extra Time|||29,345|29,345||
|Junior Premier League||102,028||102,028|100,916|
|Post 16Education||138,857||138,857|147,011|
|Quality<br>Improvement<br>Fund||20,000||20,000|32,500|
|Challenge<br>Pompey<br>—Sport England|||||(5)|
|My Pompey - Safer communities|||||13,763|
|Safer communities<br>Fund|||||9,917|
|Blue Kitchen|||||33,822|
|Community<br>integrated<br>care|||||4,800|
|Academy<br>Education<br>- LFE|||22,341|22,341|42,246|
|football Fans In Training|- EFL||(545)|(545)|3,465|
|Every Player Counts - WNST|||||8,000|
|Sub Total Carried Forward||643,219|284,038|927,257|1,112,548|





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds<br>2|fundsf|2023|2022<br>2|
|Sub Total Brought Forward||643,219|284,038|927,257|1,112,548|
|LandsecrGunwharf|||||10,596|
|PCC - For Re:Fit|||||21,750|
|Covid 19 - Emergency|Cover|104||104|234|
|PL Pompey Fans' Ambassador|||||8,900|
|Miscellanous<br>fees and|income|24,742|5,200|29,942|51,986|
|Communities<br>against cancer|||||4,400|
|Return to Disability|||||1,000|
|Covid 19Vaccinations|Communications||||5,000|
|PCC Fit Fans|||28,760|28,760|44,000|
|Safer Communities|||29,195|29,195|4,889|
|EFLT|||1,945|1,945|6,055|
|Level Up A4A|||4,171|4,171|8,333|
|Prostate Cancer|||||500|
|Tackling<br>Inequalities|||||3,000|
|Return to Play|||||9,782|
|Places to Ride|||||6,447|
|||668,065|353,309|1,021,374|1,299,420|





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|||||||Support|||
|---|---|---|---|---|---|---|---|---|
||||||Direct|costs|Total|Total|
||||||expenditure|(see note 8)|2023|2022|
|||||||2|2|8|
|Sports and education|||||||||
|Wages and salaries|||||502,599|374,583|877,182|882,851|
|Subcontractors<br>and|consultants||||21,406|1,661|23,067|18,574|
|Venue hire|||||133,462|5,932|139,394|115,943|
|Sports equipment|||||25,580|210|25,790|24,539|
|Tickets and kits from Portsmouth||||FC|30,593||30,593|55,850|
|Intellectual<br>and commercial|||rights|from|||||
|Portsmouth<br>FC||||||28,465|28,465|30,130|
|Player appearance|costs||||200||200|200|
|Other course costs|||||42,053|55,902|97,955|59,180|
|Motor vehicle hire and||expenses|||13,380|43,919|57,299|63,458|
|Office equipment<br>hire||and maintenance|||1,928|11,678|13,606|15,491|
|Printing,<br>postage and||stationery|||1,534|10,111|11,645|21,413|
|Telephone|||||2,274|13,025|15,299|21,289|
|Travel and subsistence|||||5,882|4,313|10,195|6,169|
|Legal and professional||fees|||309|7,792|8,101|13,231|
|Premises expenses|||||2,793|35,409|38,202|30,725|
|Staff and volunteer|training||||1,624|475|2,099|3,503|
|Publicity and marketing|||||2,381|9,339|11,720|20,362|
|Keyfort||||||19,440|19,440|20,639|
|Sundry expenses|||||2,296|3,202|5,498|6,818|
|Bank and credit card charges|||||11,446|4,434|15,880|13,058|
|Bad debts|||||(5,284)|(1,912)|(7,196)|(3,571)|
|Depreciation|||||592|22,504|23,096|27,744|
||||||797,048|650,482|1,447,530|1,447,596|
|SUPPORT COSTS|||||||||
||||||||Total||
||||||||2023|2022|
||||||Management|Governance|2||
|Sports and education|||||650,482||650,482|616,536|
||||||650482||ff&2|618,536|
||||||||2023|2022|
|Governance costs|||||||2||
|Auditors'<br>remuneration|||||||7,312|5,630|
|Auditors'<br>remuneration||- non|audit||||||
||||||||7,312|5,630|





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|Net resources|are state|d after charging:|||
|---|---|---|---|---|
||||2023|2022|
||||2|2|
|Auditors'<br>remuneration|||7,312|5,630|
|Auditors'<br>remuneration||- non audit work|||
|Other operating|leases||52,472|52,472|
|Depreciation<br>-|owned assets||23,093|28,810|
|Depreciation<br>-|assets held under finance leases||||



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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||2|2|
|Wages and|salaries||||||800,331|817,944|
|Social security costs|||||||61,981|59,937|
|Employers|pension costs||||||15,158|13,738|
|Redundancies|||||||||
||||||||877,470|891,619|
|The average||monthly|number|of employees|(full time equivalent)|during|the year was as follows:||
||||||||2023|2022|
||||||||Number|Number|
|Charitable|||||||27|26|
|Support|||||||8|10|
||||||||35|36|





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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|2022|
|||2|2||
|INCOME FROM|||||
|Donations<br>and legacies||610,794|2,575,335|3,186,129|
|Charitable<br>activities|||||
|Sports and education||722,944|576,476|1,299,420|
|Other trading activities|||||
|Other trading<br>activities|||||
|Investment<br>income||19||19|
|Commercial<br>trading<br>operations||49,956||49,956|
|||1,383,713|3,151,811|4,535,525|
|EXPENDITURE ON|||||
|Raising funds|||||
|Commercial<br>trading operations||19,990||19,990|
|Charitable<br>activities|||||
|Sports and education||879,899|567,697|1,447,596|
|||899,889|567,697|1,467,586|
|Net income/(expenditure)||483,824|2,584,114|3,067,938|
|Transfers between funds||(35,319)|35,319||
|Taxation (trading subsidiary|only)||||
|Net movement<br>in funds||448,505|2,619,433|3,067,938|
|RECONCILIATION<br>OF FUNDS|||||
|Total funds brought<br>forward||1,308,053|93,495|1,401,548|
|TOTAL FUNDS CARRIED FORWARD||1,756,558|2,712,928|4,469,486|





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|TANGIBLE FIXEDASSETS|FOR THE P<br>- GROUP|ERIOD ENDED|31AUGUST 20|23|||
|---|---|---|---|---|---|---|
||||Fixtures,||||
||||fittings||Asset||
||Leasehold|Sports|and office|Motor|under||
|COST|propertyf|equipmentf|equipmentf|vehicles<br>f|construction<br>f|Total|
|At 1 September 2022<br>Additions<br>Disposals|542,693|24,011<br>1,413|111,351<br>7,514<br>(7,020)|45,600|4,061,468<br>2,107,476|4,785,123<br>2,116,403<br>(7,020)|
|At 31 August 2023|542,693|25,424|111,845|45,600|6,168,944|6,894,506|
|DEPRECIATION|||||||
|At 1 September 2022|257,693|11,213|78,706|45,600||393,212|
|Charge for year|6,000|3,411|13,682|||23,093|
|Eliminated<br>on disposals|||(5,874)|||(5,874)|
|At 31 August 2023|263,693|14,624|86,514|45,600||410,431|
|NET BOOK VALUE|||||||
|At 31 August 2023|279,000|10,800|25,331||6,168,944|6,484,075|
|At 31 August 2022|285,000|12,798|32,645||4,061,468|4,391,911|
|TANGIBLE FIXEDASSETS-CHARITY|||Fixtures,||||
||||fittings||Asset||
||Leasehold|Sports|and office|Motor|under||
||propertyf|equipment|equipment<br>f|vehicles<br>f|construction<br>f|Total<br>f|
|COST|||||||
|At 1 September 2022|542,693|22,361|104,331|45,600|4,061,468|4,776,453|
|Additions<br>Disposals||1,413|7,514||2,107,476|2,116,403|
|At 31 August 2023|542,693|23,774|1 'I 1,845|45,600|6,168,944|6,892,856|
|DEPRECIATION|||||||
|At 1 September 2022|257,693|9,563|72,832|45,600||385,688|
|Charge for year|6,000|3,411|13,682|||23,093|
|Eliminated<br>on disposals|||||||
|At 31 August 2023|263,693|12,974|86,514|45,600||408,781|
|NET BOOK VALUE|||||||
|At 31 August 2023|279,000|10,800|25,331||6,168,944|6,484,075|
|At 31August 2022|285,000|12,798|31,499||4,061,468|4,390,765|





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|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||8|6||8|
|Trade debtors||53,460|20,708|36,360|20,528|
|Social security and|other taxes|45,055|162,060|45,569|162,952|
|Pompey Foundation|Trading|||||
|Company<br>Limited||||53,633|38,496|
|Other debtors and|accrued income|34,741|114,164|34,741|114,164|
|Prepayments||24,295|17,954|24,295|17,954|
|||157,551|314,886|194,598|354,094|



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|CREDITORS: AMOUNTS<br>FALLING|DUE WITHIN ONE YE|AR|||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2023|2022|2023|2022|
||8||8|2|
|Trade creditors|48,034|987,579|45,597|987,089|
|Other creditors|325,321|10,902|325,321|10,902|
|Accrued expenses|96,385|57,872|93,872|56,247|
|Deferred income (see below)|682,368|50,377|679,568|45,535|
||1,152,108|1,106,730|1,144,358|1,099,773|



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|CRED|ITORS: AII|IIOUNTS FALLING DUE IN MORE THAN|ONE YEAR|||
|---|---|---|---|---|---|
|||Group|Group|Charity|Charity|
|||2023|2022|2023|2022|
|||8||6|8|
|Other|creditors|253,020|244,500|253,020|244,500|
|||253,020<br>|244,500<br>|253,020|244,500|



|I<br><br>period.|d||II t|~g|||I<br>gg|III|
|---|---|---|---|---|---|---|---|---|
||||||Group|Group|Charity|Charity|
||||||2023|2022|2023|2022|
||||||||2||
|Brought|forward||||50,377|82,688|45,535|75,985|
|Amount|released|to|incoming|resources|(50,377)|(82,688)|(45,535)|(75,985)|
|Amount|deferred|in|year||682,368|50,377|679,568|45,535|
|Carried|forward||||682,368|50,377|679,568|45,535|





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|2023|2022|
|---|---|
||2|
|253,020|244,500|



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|Minimum<br>leas|e|payments|under|non-cancellable|operating<br>le|ases fall due as|follows:||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||P.|2|
|Expiring:|||||||||
|Within one year|||||||11,552|43,654|
|Between one|and five years||||||23,104|34,656|
||||||||34,656|78,310|
|MOVEMENT|IN|FUNDS|||||||
|Analysis of unrestricted|||fund|movements|||||
|||||Balance at|Incoming|Resources||Balance at|
|||||At 1.9.22|resources|expended|Transfers|At 31.8.23|
||||||2|2|2||
|General fund||||1,727,883|898,189|(948,194)||1,677,878|
|Designated<br>fund||- Pitch|project|28,675||||28,675|
|Analysis of restricted fund movements|||||||||
|||||Balance at|Incoming|Resources||Balance at|
|||||At 1.9.22|resources|expended|Transfers|At 31.8.23|
|Premier League||Kicks||(2,575)|100,000|(97,215)||210|
|Primary Stars||||4,175|100,000|(103,899)||276|
|Street Strong|Youth||||||||
|John Jenkins|Stadium|||2,628,980|1,161,163|(3,227)||3,786,916|
|Other Restricted||Funds||82,348|239,323|(308,575)||13,096|
|||||2,712,928|1,600,486|(512,916)||3,800,498|





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|Comparatives<br>for move|Comparatives<br>for move|ment<br>in funds||||||
|---|---|---|---|---|---|---|---|
|Analysis of unrestricted||fund movements||||||
||||Balance at|Incoming|Resources||Balance at|
||||At 1.9.21|resources|expended|Transfers|At 31.8.22|
||||2|2|2||2|
|General fund|||1,279,378|1,383,713|(899,889)|(35,319)|1,727,883|
|Designated<br>fund|- Pitch|project|28,675||||28,675|
|Analysis of restricted fund movements||||||||
||||Balance at|Incoming|Resources||Balance at|
||||At 1.9.21|resources|expended|Transfers|At 31.8.22|
|||||2|2||2|
|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|291,118|(271,901)||82,348|
||||93,495|3,151,811|(567,697)|35,319|2,712,928|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||||||
||||||||2023|
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||||||2|2|2|
|Fixed assets|||||1,743,672|4,740,403|6,484,075|
|Current assets|||||335,087|93,017|428,104|
|Current<br>liabilities|||||(372,206)|(1,032,922)|(1,405,128)|
||||||1,706,553|3,800,498|5,507,051|



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