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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers||
|Trustees'
report|||2-7|
|Independent
auditors'|report|on the financial statements|8-11|
|Statement offinancial|activities||12|
|Balance sheet|||13|
|Statement ofcash flows|||14|
|Notes to the financial|statements||15-33|
##
|Trustees|||KRogers, Chair||
|---|---|---|---|---|
||||M Wild||
||||A Purssell||
||||C Tanks||
||||R Skirrow||
||||A Khan (resigned 23|June 2023)|
||||R Welch (appointed|23June 2023)|
|Company|registered||||
|number|||06625967||
|Charity registered|||||
|number|||1126799||
|Registered||office|Molineux
Stadium||
||||Waterloo Road||
||||Wolverhampton||
||||WV1 4QR||
|Company|secretary||Muckle Secretary Limited||
|Head ofFoundation|||Will Clowes||
|Independent||auditors|Dains Audit Limited||
||||15Colmore Row||
||||Birmingham||
||||B32BH||
|Bankers|||Barclays Bank PLC||
||||15Colmore Row||
||||Birmingham||
||||B32BH||
|Solicitors|||Muckle LLP||
||||Time Central||
||||32 Gallowgate||
||||Newcastle
upon Tyne||
||||NE1 4BF||
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|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|funds|
|||||2023|2023|2023|2023|2022|
||||Note|K|K|K|K|K|
|Income and|||||||||
|endowments||from:|||||||
|Donations
and||legacies||159,112|||159,112|130,646|
|Charitable
activities||||544,100|1,306,743||1,850,843|1,646,114|
|Other trading|activities|||191,540|||191,540|274,570|
|Total income||and|||||||
|endowments||||894,752|1,306,743||2,201,495|2,051,330|
|Expenditure|on:||||||||
|Raising funds||||187,289|||187,289|105,428|
|Charitable
activities||||428,004|1,150,714|35,096|1,613,814|1,435,083|
|Total expenditure||||615,293|1,150,714|35,096|1,801,103|1,540,511|
|Net movement||in|||||||
|funds||||279,459|156,029|(35,096)|400,392|510,819|
|Reconciliation||of|||||||
|funds:|||||||||
|Total funds
brought|||||||||
|forward||||1,178,957|817,920|409,931|2,406,808|1,895,989|
|Net movement||in funds||279,459|156,029|(35,096)|400,392|510,819|
|Total funds carried|||||||||
|forward||||1,458,416|973,949|374,835|2,807,200|2,406,808|
##
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|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note||||6|
|Fixed assets|||||||
|Tangible assets||13||374,835||409,931|
|Current assets|||||||
|Debtors||14|335,319||184,048||
|Cash at bank and|in hand||2,909,522||2,390,925||
||||3,244,841||2,574,973||
|Creditors: amounts|falling due within one||||||
|year||15|(812,476)||(578,096)||
|Net current assets||||2,432,365||1,996,877|
|Total net assets||||2,807,200||2,406,808|
|Charityfunds|||||||
|Endowment
funds||16||374,835||409,931|
|Restricted funds||16||973,949||817,920|
|Unrestricted
funds||16||1,458,416||1,178,957|
|Totalfunds||||2,807,200||2,406,808|
##
##
||||2023
f|2022
E|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net cash used
in operating|activities||518,597|(118,459)|
|Change
in cash and cash|equivalents
In|the year|518,597|(118,469)|
|Cash and cash equivalents|at the beginning|ofthe year|2,390,925|2,509,394|
|Cash and cash equivalents|atthe end of|the year|2,909,522|2,390,925|
|The notes on pages 15to 33form part ofthese financial statements|||||
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2022|
||||E|E|E|
|Foundation||Activities|480,097||480,097|
|Health and||Wellbeing||271,708|271,708|
|Inclusion|and Cohesion||36,860|547,356|584,216|
|Feed Our||Pack||310,093|310,093|
||||516,957|1,129,157|1,646,114|
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2022|
||||E|E|E|
|Fundraising|trading|activities|142,207|142,207|256,382|
|Shop sales|and rental income||49,333|49,333|18,188|
||||191,540|191,540|274,570|
##
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||6||5|
|Wages and salaries||170,216|170,216|96,243|
|Operating|sales costs|17,073|17,073|9,185|
|||187,289|187,289|105,428|
##
||||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|---|---|
||||funds|funds|funds|Total|
||||2023|2023|2023|2023|
|||||6|6||
|Foundation||Activities|259,676||35,096|294,772|
|Health and||Wegbeing||423,223||423,223|
|Inclusion|and Cohesion|||459,371||459,371|
|Education||and Skills|168,328|268,120||436,448|
||||428,004|1,150,714|35,096|1,613,814|
##
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||||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|---|---|
||||funds|funds|funds|Total|
||||2022|2022f|2022
f.|2022
6|
|Foundation||Activities|392,016||35,361|427,377|
|Health and||Wellbeing||265,374||265,374|
|Inclusion|and Cohesion||53,899|526,967||580,866|
|Feed Our||Pack||161,466||161,466|
||||445,915|953,807|35,361|1,435,083|
##
||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2023|2023
6|2023f|
|Foundation||Activities|106,346|188,426|294,772|
|Health and||WeBbeing|298,335|124,888|423,223|
|Inclusion|and Cohesion||390,482|68,889|459,371|
|Education||and Skills|354,271|82,177|436,448|
||||1,149,434|464,380|1,613,814|
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||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2022f|2022
6|2022
5|
|Foundation|Activities||308,371|119,006|427,377|
|Health and|Wegbeing||175,186|90,188|265,374|
|Inclusion
and Cohesion|||492,051|88,815|580,866|
|Feed Our Pack|||64,756|96,710|161,466|
||||1,040,364|394,719|1,435,083|
|Analysis ofsupport costs||||||
|||||Inclusion||
|||Foundation|Health and|and|Feed Our|
|||Activities|Wellbeing|Cohesion|Pack|
|||2023f|2023
6|2023f|2023|
|Governance||894|1,856|2,063||
|Service costs||117,699|113,595|60,955||
|Finance and|administration|69,833|9,437|5,871||
|||188,426|124,888|68,889||
|||||Education|Total|
|||||and Skills|funds|
|||||2023|2023|
||||||6|
|Governance||||2,063|6,876|
|Service costs||||69,337|361,586|
|Finance and|administration|||10,777|95,918|
|||||82,177|464,380|
##
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|||||||Foundation|Health|and|Inclusion|and|Feed Our|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Activities|Wellb|sing|Cohesion||Pack|
|||||||2022f|2022
f|||2022
6|2022f|
||Governance|||||2,962||242|1,753||1,088|
||Service costs|||||65,290|44,133||67,624||68,432|
||Finance|and|administration|||50,754|45,813||19,438||22,293|
||Marketing|and||printing|||||||4,897|
|||||||119,006|90,188||88,815||96,710|
||||||||||Education||Total|
||||||||||and|Skills|funds|
|||||||||||2022|2022|
||||||||||||6|
||Governance||||||||||6,045|
||Service costs||||||||||245,479|
||Finance and||administration||||||||138,298|
||Marketing|and||printing|||||||4,897|
||||||||||||394,719|
|10.|Net income I (expenditure)|||||||||||
||This is stated||after charging:|||||||||
|||||||||||2023|2022|
|||||||||||6|8|
||Depreciation||oftangible||fixed assets||||35,096||35,361|
||Auditors|remuneration|||- audit fee||||6,875||6,045|
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|Staff costs||||||
|---|---|---|---|---|---|
|||||2023|2022|
||||||E|
|Wages and|salariies|||1,104,692|979,868|
|Social security costs||||92,041|70,812|
|Contribution|to defined|contribution|pension schemes|26,599|25,602|
|||||1,223,332|1,076,282|
||||2023|2022|
|---|---|---|---|---|
||||No.|No.|
|Foundation||Activities|15|17|
|Health and||Wellbeing|15|7|
|Inclusion|and Cohesion||13|11|
|Education||and Skills|36|21|
||||79|56|
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||Leasehold|||
|---|---|---|---|
||land and|Arena||
||buildings
6|refurbishment
f|Totalf|
|Cost or valuation||||
|At 1 June 2022|733,646|275,676|1,009,322|
|At 31 May 2023|733,646|275,676|1,009,322|
|Depreciation||||
|At 1 June 2022|512,177|87,214|599,391|
|Charge for the year|7,528|27,568|35,096|
|At 31 May 2023|519,705|114,782|634,487|
|Net book value||||
|At 31 May 2023|213,941|160,894|374,835|
|At 31 May 2022|221,469|188,462|409,931|
##
|||2023|2022|
|---|---|---|---|
|Due within one year||||
|Trade debtors||220,361|56,503|
|Prepayments|and accrued income|114,958|127,545|
|||335,319|184,048|
##
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Trade creditors||||||52,400|12,637|
|WWFC|creditor|||||632,084|508,058|
|Other taxation and||social security||||10,406|1,145|
|Accruals|and deferred||income|||117,586|56,256|
|||||||812,476|578,096|
|||||||2023|2022|
|||||||E||
|Deferred|income at|1 June||2022|||25,123|
|Resources deferred||during||the year||20,420||
|Amounts|released from previous||||periods||(25,123)|
|||||||20,420||
##
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|Statement offunds|- current|year|||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Balance at|
|||June 2022|Income|Expenditure|in/out|31 May 2023|
|||6|6|6|6|6|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Sustainability
sink fund||97,958|||23,604|121,562|
|General funds|||||||
|General
Funds||1,080,999|894,752|(615,293)|(23,604)|1,336,854|
|Total Unrestricted|funds|1,178,957|894,752|(615,293)||1,458,416|
|Endowmentfunds|||||||
|Properties||409,931||(35,096)||374,835|
|Restricted funds|||||||
|Health and We&being||2&4,797|495,840|(423,260)|328,403|685,780|
|Inclusion
and Cohesion||204,720|550,903|(459,372)|(68,914)|227 337|
|Feed Our Pack||328,403|||(328,403)||
|Education
and skills|||260,000|(268,082)|68,914|60,832|
|||817,920|1,306,743|(1,150,714)||973,949|
|Total offunds||2,406,808|2,201,495|(1,801,103)||2,807,200|
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|Statement offunds|- prior y|ear|||||
|---|---|---|---|---|---|---|
|||Balance at|||Transfers|Balance at|
|||1 June 2021
5|Income
5|Expenditure
f|in/out
F|31 May 2022
5|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Sustainability
sink fund||74,354|||23,604|97,958|
|General funds|||||||
|General Funds||733,773|922,173|(551,343)|(23,604)|1,080,999|
|Total Unrestricted|funds|808,127|922,173|(551,343)||1,178,957|
|Endowmentfunds|||||||
|Properties||445,292||(35,361)||409,931|
|Restricted funds|||||||
|Health and Wellbeing||278,463|271,708|(265,374)||284,797|
|Inclusion
and Cohesion||184,331|547,356|(526,967)||204,720|
|Feed Our Pack||179,776|310,093|(161,466)||328,403|
|||642,570|1,129,157|(953,807)||817,920|
|Total offunds||1,895,989|2,051,330|(1,540,511)||2,406,808|
##
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|Summary|offunds - cur|rent year|||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Balance at|
|||June 2022
5|Income|Expenditure
5|in/out
5|31 May 2023
f|
|Designated|funds|97,958|||23,604|121,562|
|General funds||1,080,999|894,752|(615,293)|(23,604)|1,336,854|
|Endowment|funds|409,931||(35,096)||374,835|
|Restricted|funds|817,920|1,306,743|(1,150,714)||973,949|
|||2,408,808|2,201,495|(1,801,103)||2,807,200|
|||Balance at|||Transfers|Balance at|
|---|---|---|---|---|---|---|
|||1 June 2021|Income|Expenditure|in/out|31 May 2022|
|||5||5|5|5|
|Designated|funds|74,354|||23,604|97,958|
|General funds||733,773|922,173|(551,343)|(23,604)|1,080,999|
|Endowment|funds|445,292||(35,361)||409,931|
|Restricted|funds|642,570|1,129,157|(953,807)||817,920|
|||1,895,989|2,051,330|(1,540,511)||2,406,808|
|Analysis|ofn|et assets between fund|s - current year||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|funds|funds|
||||2023f|2023
f|2023
f|2023
5|
|Tangible|fixed|assets|||374,835|374,835|
|Current|assets||2,270,892|973,949||3,244,841|
|Creditors|due|within one year|(812,476)|||(812,476)|
|Total|||1,458,415|973,949|374,835|2,807,200|
##
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|||||||Unrestricted|Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|funds|
||||||||2022
F|2022
5|2022
F|2022f|
||Tangible
fixed assets||||||||409,931|409,931|
||Current assets|||||1,757,053||817,920||2,574,973|
||Creditors
due within||one year|||(578,096)||||(578,096)|
||Total|||||1,178,957||817,920|409,931|2,406,808|
|19.|Reconciliation
ofnet movement||||in funds to net cash flow from operating||||activities||
||||||||||2023|2022|
||||||||||5|8|
||Net income for the|year (as per Statement||||of Financial|Activities)||400,392|510,819|
||Adjustments
for:||||||||||
||Depreciation
charges||||||||35,096|35,361|
||Increase
in debtors||||||||(151,271)|(64,699)|
||Increase/(decrease)||in creditors||||||234,380|(599,950)|
||Net cash provided|by/(used||in)|operating|activities|||518,597|(118,469)|
|20.|Analysis
ofcash|and cash equivalents|||||||||
||||||||||2023f|2022
5|
||Cash at bank and|in|hand||||||2,909,522|2,390,925|
||Total cash and cash equivalents||||||||2,909,522|2,390,925|
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