Charity registration number 1132364 Company registration number 06982786 (England and Walès) PETERBOROUGH UNITED FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 PETERBOROUGH UNITED FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Symns M Woods K Berkley K Scarfr L J Kendrick J Jones CAClark& J Pittock Secretary G Wignall Charity number 1132364 Company number 06982786 Princlpal address London Road Stadium London Road Pelerborough PE2 8AL Registered offlce London Road Stadium London Road Peterborough PE2 8AL Independent exarniner Kerry Hilliard ACA FCCA CTA Key management personnèl G Wignall Bankers Barclays Bank PLC 1 Church Street Pelerborough Cambridgeshire PE1 1XE Solicitors Pinder Reaux & Associates 61a East Street Barking Essex IG11 8EJ PETERBOROUGH UNITED FOUNDATION CONTENTS Page Trustees, report Independent examinels report Slatemenl of financial a¢livities Balance sheet Statemenl of cash flows Notes to the financial statements 9-20 PETERBOROUGH UNITED FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their report and financial stalements for the year ended 31 August 2024. Pelerborough United Foundation is a company Limited by Guaranlee incorporated in England and Wales at Companies House under company number 06982786 and is also registered with the Charity Commission for England and Wales under registration number 1132364. The financial slalements have been prepared in accordance wilh the accounting policies sel out in note 1 to the financial statements and comply with tho charitable company's governing docurnent, Ihe Companies Act 2D06 and "Accounlino and Reporting by Charities.. Statement Df Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ire13nd (FRS 1021" leffeclive 1 January 20191. Objectives and activities Pelerborough United Foundation has all the required policie5 from a govemance, financial and safeguarding viewpoint and has reached an Exemplary standard in the Capability Code of Practi￿ standard set by the Premier League Charitable Fund and English Football League Trust. The board meet on a quarterly cycle and are responsible for the strategic direction and policy of the charity. Sub committees are in place for Finance arld Equality, Diversity and Inclusion which also meet in addition to the full board on a quarterly basis. A scheme of delegation is in place and day-lfvday responsibility for the provisic)n of Ihe services rest with the CEO, supported by department managers, coaching and marketing staff. The CEO is responsible for ensuiing that the charity delivers Ihe seNices Specified and Ihal key performance indicators are mel. The CEO also provides individual supervision of the staff team and ensures that the team continues lo develop their skills and working practices in line with good practice. Sirice the Foundation was formed in 2009 the charity has delivered across the four key themes set out by EFLT. namely Social Inclusion, Sports Participation, Health and Education. Our inclusive activities support all ages from the community ol Pelerborough and the surrounding areas. The Foundation aims to provide activities that will positively impact all in Ihe city and surrounding areas. Pelerborough has an exlremely diverse population, some of which come from very deprived areas. We use the brand, reach and reputation of Pelerborough United Football Club to help us lo work with those from difficult lo reach groups lo improve lives and communities. The Foundation aims to help improve the mental and physical health and wellbeing of people of all ages in the local community. We aim lo reduce health inequalities by promoting a broader understanding of how to live a healthier, happier lifestyle by providing activities and support that foster improved life choices. To provide and promote corllmunily participation in healthy recreation by providing facilities for the playing of sports, other sports, and other physical activi118S. To prornote and assist in providing facilities for sport, recrealion or other leisure time occupation for such persons who need such facilities by way of their age, infirmity, disablement, poverty, or social economic circumstance5 or for the interests of social welfare and with the object of improving their conditions of life. Any charitable purposes that the trustees deem fil. The Foundation carries out ils objectives by providing a wide range of sport related and educalionel based projeds planned lo cover our key areas. The English Football LeagLte Trust and Premier Leagu8 Charitable Fund provide funding for core expenditure, The Trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activitie5 the charitable company should undertake. The charity acknowledges the valuable contribution made by all of its volunleers and the support of so many organisations to allow il to deliver its objectives. PETERBOROUGH UNITED FOUNDATION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Achievements and performance The activities of the Foundation are linked to the education sector by providing support for local primary and secondary schools. The Foundation, in partnership with Nene Park Academy, offers a football in education programme. The aim of this is to keep year 12 and 13 students engaged with their education by includng football training, and matches, as part of Iheir limetable. We currently have 36 boys and 20 girls on the programme. The charity delivers a variety of sports-b8sed provision within the local community, which include evening and school holiday based coaching for 811 ages. This year we started to devèlop our Health & Wellbeing department. We have a walking football session to support physical and mental health adults. Theré are now lour Extra time Hubs to help prevent soaal isolation for the retired and semi-retired. These groups are social events for those aged 55 and over and involves games, local sp&akers and visits out. We are working with the Pelerborough Dementia Centre, Age UK and and various care homes lo deliver chair-based exercises to effected groups. We also hold a weekly yoga session for adutts. In 2D23-24 we started a project lo support young people with their mental health and manage the transition from primary school lo secondary school. Our boys and girls football pathway, which encourages young people lo remain aclive, has over 400 young people, boys and girls, participating on a weekly basis. The pathway starts in our early years14 10 7) and goes through to 16. The feedback we Teceive is that this is helping both their physical heallh and rnèntal health and wellbeing loo. Primary Stars is funded by the Premier League Charitable Fund and is delivared in local primary schools, Dffering support to teachers. Our coaches help the teachers lo build their confidence in the delivery of PE and school sport. We also work with stL¢denls for targeted inleFvenlions. PL Kicks engaged with over 300 young people across four locations in Peterborough and the surrounding area, offering both boys and girls aged 8 to 16 the opportunity to engage with sport for the first time or to ré-engage with it. The sessions are free lo attend. Our holiday camp provision continues lo expand and in 2023-24 will be held at the Peterborough United Training Ground. Feedback from parents. The camps see an average of 50 primary school attending pèr day. Financial review The 9eneral fund is unrestricted and represents the totsl reserves of the charity. In dele¥mining the level of reserv&s required the trustees consider the level to ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given lo ways in which additional funds may be raised. The Foundation's reserve policy is that the balance of funds should covei two months, salary costs. Whilst as at 31 August 2024, free reserves were not at this level, we consider that this was due to Ihe effects of COVID-19 and various lockdowns during recent years. The currerTrt year will show an increase in free rese￿es. The Foundation's Statement of Financial Activities shows net resources expended of £12,806 for the year. The reserves of the Foundation at 31 August 2024 were £20,697. The financial position of the Foundation at 31 August 2024 is considered satisfactory and more than adequate to meet the objectives of Ihe Foundation. The Truslees have assessed the major risks to which the charitable company is exposed, and ar6 satisfied that systems are in place to mitigate exposure to the major risks. The risks are RAG rated and reviewed regularty by key management personnel and The Board of Truslees. The Truslees have considered the guidelines issued by the Charity Commission on Public Ben&fil and are of the opinion that the criteria are being mel within the Objectives and Activities of the charity. PETERBOROUGH UNITED FOUNDATION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Plans for future periods The Foundation plans lo continue ils core activities outlined above in forthcoming years afler securing ¢onlinued funding from The Premier League Charitable Fund and The English Football League Tnjst. In addition, we are closely with the NHS and PCNS with a view lo deliver various projects lo improve the health and wellbeing of the people of Peterborough. In 2024-25 we have received additiDnal funding for a Healthy Lifestyle project, additional yoga sessions and funding frow the PLCF from PL Fans Fund. structure, govgrnan¢e and managemenl Peterborough United Foundation is a company limited by guarantee governed by its Memorandum and Articlés of Association. The company is also registered as a charity with the Charity Commission. The charity's trustees are also the directors for the purposes of the Companies Act. The Trustees, who are also the directors for the purpose of company law, and whD served during the year and up lo the date of signature of the financial statements were- R Symns M Woods K Berkley K Scarff L J Kendrick V Ravinthiran J Jones L P Mitchell C A Clarke M J Pittock (Resigned 29 April 2024) (Resigned 14 June 2024) The Trustees administer the charity. Trustees are recruited after due procedure and induction training is provided. None of the Trustees have any beneficial interest in the company. All of the Trustees are members of Ihe company and guarantee to contribute £10 in the event of a winding up. PETERBOROUGH UNITED FOUNDATION TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Statement of Trustees, responsibillties The Trustees, who are also the directors of Peterborough United Foundation for the purpose of company law. are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Gen6rally Accepted Accounting Practice}. Company Law requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and applicalion of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial slatemenls, the Trustees are required lo.. select suitable accounting policies and then apply them ¢onsistÈntty', observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent- and prepare the financial statements on the going wncem basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate a¢counting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them lo ensure thal the financkil statements comply with the Companies AGt 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. The Trustees, report was approved by the Board of Trustees. J Jones Trustee Dated.. 221512025 PETERBOROUGH UNITED FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PETERBOROUGH UNITED FOUNDATION report to the Trustees on my examination of the financial statements of Peterborough United Foundation (the charitable company} for the year ended 31 August 2024. R65ponsibilitles and basi5 of report As the Trustees of the charitable company land also its ￿1￿clOrS for th8 purposes of company lawl you are responsible for the preparation of Ihe financial stalemenls in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act). Having satisfied myself that the financial statements of Ihe charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my exa mination of the charitable company's financial slalemen15 carried out Linder Section 145 of the Charities Aci 2011 (the 2011 Acll- In carrying out my examination I have followed all the applicable Direclions given by the Charity Commission ursdÈr section 1451Sllbl of the 2011 Act. Independent examiner's statement Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confim that no mallers have come ID my attention in connection with the examinalion giving me Cause to believe that in any material respect.. accounting records were not kept in respecl of the charitable company as required by seclion 386 of the 2006 Act., or thé financial slalements do not accord with those records., or the financial statements do not comply wilh the accounting requirem6nls of section 396 of the 2006 Act other than any requiremenl that the accounts give a true and fair view which is not a mattèr considered as part of an independent examination., or the financial statements have not been prepared in accord8nce with the methods and principles of the Statement of Retommended Practice for accounting and reporting by charities applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK aTKI Republic of Ireland IFRS 1021. I have no concerns and have cDme across no other matters in connection with the examination to which altention should be draw in this report in order lo enable a proper understanding of the financial slalemenls lo be reached. Kerry Hilliard ACA FCCA CTA Institute of Chartered Accountants In England and Wales Price Bailey LLP 36 Tyndall Court Commerce Road Lynchwood Peterborough PE2 6LR . a*lsl PETERBOROUGH UNITED FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Donations and legacies Charitable atlivities Investments 73,831 484,116 903 73,831 591,513 903 30,557 374,151 201 30,557 507,912 201 107.397 133,761 Total incorne 558.850 1 D7.397 666,247 404,909 133,761 538,670 ènditure on.. Charitable activities 571,656 107,397 679,053 414,577 133.761 548,338 Net expendlture for the yearj Net movement in funds 112.8061 {12.806} (9,668) {9,668) Fund balances at 1 September 2023 33.503 33,503 43,171 43,171 Fund balances at 31 August 2024 20.697 20,697 33,503 33.503 The slatement of financi81 activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements ft)r an income and expenditure account under the Companies Act 2006. PETERBOROUGH UNITED FOUNDATION BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Notes Fixed assets Tangible assets 10 2.785 3,456 Current assets Debtors Cash al bank and in hand 11 31,887 87,769 19,078 68,240 119,656 87,318 Creditors.. amounts falllng due wlthln one year 12 {101,744) 157,271 > Net current assets 17,912 30,047 Total assets less current liabilities 20,697 33,503 Income funds Unreslricled funds 20,697 33,503 20,697 33,503 The company is enlitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have nol required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The financial statements were approved by thè Trustees on a15.115 J Jones Trustee Company registratlon number 06982786 PETERBOROUGH UNITED FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes Cash flows from operating activities Cash generaled fromllabsorbed by} opeialions 17 20,416 (15,4331 Investing activities Purchase of tangible fixed assets Invéstment income received (1,7901 903 {3,1541 201 Net ¢a5h used in Investing activities (8871 {2.953) Net cash used in financlng actlvities Net increasel(de¢rease) in cash and cash equivalents 19,529 {18,386) Cash and cash equivalents at beginning of year 68,240 86,626 Cash and cash èqulvalènts at end of year 87,769 68,240 PETERBOROUGH UNITED FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Charity information Peterborough United Foundation is a private company limited by guarantee incorporaled in England and Wales. The registered office is London Road Stadium, London Road, Peterborou9h, PE2 8AL. 1.1 Accounting convention The financial statements have been prepa￿d in accordance with the charilable companvs governing docurnenl, the Companies Act 2006 and "Accounting and Reporting by Charities.. Sta18ment ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFFiS 1021 (effective 1 January 20191 The charitable company is a Public Benefit Entity as defined by FRS 102. The financial stalements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial st8lements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adapted are set out below. 1.2 Going concern At the lime of approving the financial statements, the Trustees have a reasonable expectation Ihal the ch2rilable company has adequate ￿sOUrCeS ltr continue in operational existence for ihe foreseeable future. Future funding has baen secured from Premier League Charitable Fund and th& contract with Nene Park Academy is still in place. Thus the Trustees continue to adopt the going Concèrn basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Truslaes in furtherance of their charitable objectives. 1.4 Income All incoming resources are recognised when Ihe charitable company is legally entitled to the income after any performance conditions have been mel. the amount can be quantified with sufficient accuracy. it is wobabl8 Ihat Ihe income will be received. Cash donations are recognised on recaipi. other donations are reco9nised once the charitable CDrnpany has been notified of the donation. unless performance conditions require deferral of the amount. Govemment gr2nts relating lo revenue are recognised as income over the periods when the related (￿StS are incurred. This includes the Government Coronavirus Job Retention Scheme grant which is included as 'olher income.. 1.5 Expenditure Expenditure is accounted for on an accruals basis. PETERBOROUGH UNITED FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies (Contlnued) 1.6 Tangible fixed assets Tan9ible fixed assets are initially measured at Cost and subsequently measured al cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Computer equipment Fixtures, fitting5 & equipment Motor vehicles 33.3 /0 slraighl line 20°/¢ Straighl line 25°/0 Straight line The gain or loss arising on the disposal of an asset 15 determined as the difference betwèen Ihe sale proceeds and the carrying value of the asset, and is recognised in the statement of financial aclivities. 1.7 Impaimient of fixed assets At each reporting end dale, the charilable company reviews the cafrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss, If any such indication exisls, the recoverable amount of the asset is estimated in order to determine the extent of Ihe impairm8nt IDSS lif any}. 1.8 Cash and cash equivalents Cash and cash equivalerits include cash in hand and dep051ts held al call with banks. 1.9 Financial instruments The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '01her Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in th8 charitable company's balance she&t when the charilable company becomes paty lo the contractual provisions of the instrument. Basic flnancial assèts Basic financial assets, which include debtors and cash and bank balances, 8re initially me8sured at Iransaclion price including transaction costs and are subsequently carried at amortised cost using the effective inleresl method unless the arrangement constitutes a financing transaction, where the transaction is measured al the presenl value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are nol amortised. Baslc financial liabilities Basic financial liabilities, including credilors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present valu& of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequenlly carried al amortised cosl, using the effective interest rate method. Trade credilors are obligations lo pay for goods or services thal have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabiliti&s. Trade creditors ar8 recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of flnancial liabilities Financial liabilities are derecognised when the charitable company's conlraclual obligations expire or are dischar9ed or cancelled. 10- PETERBOROUGH UNITED FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting poll¢les (Conlinued) 1.10 Employee benefits The cost of any unused holiday entiuement is recognised in the period in which the employee's services are received. 1.11 Retirement benefits Payments to defined contribution retirement benefil schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charitable company's accounting policies, the Trustees are required lo make judgements, estimates and 2ssumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumption5 are based on hislorical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. RevisiDns to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Oonations and legacies Unrestricted funds Total Unrestricted funds 2024 2024 2023 Sponsorship {trealed as donation) and other donations Other grants received 38,081 35,750 38,081 35,750 15.658 14.899 73.831 73,831 30,557 Grants receivable for core a¢tlvltles Twinning project Cambridge Com B2B Versus Arthritis Other small grants FL Community Ltd Wildcats FL Community Ltd Kellogg's PFA Core Fund Probation Grant 2,000 2.000 5.000 3,477 2,822 3,600 600 3,800 14.400 10,000 4,950 800 3,800 14,400 10,000 4,950 35,750 35,750 14,899 11 PETERBOROUGH UNITED FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charitable activities Unrestricted funds Rtsstrlcted funds Totsl Unr?$tri¢tèd funds Restrlcted funds Total 2024 2024 2024 2023 2023 2023 Scholarship programme Football in the community School sports programme Boys development and elite tr8ining Women and girls devek)pment and elile training School holiday camps Disability football Community work Premier League Charitable Fund National Citizen SeNice 147,878 147,878 97,826 97,826 42,224 42,224 41.229 41,229 87,740 87,740 86,583 86,583 86,321 86,321 81,822 81,822 50,038 50,091 992 18,832 50,038 50,091 992 46,229 30,954 32,041 700 2.996 30,954 32,041 700 29,703 27.397 26,707 80,000 80,000 84,500 22,554 84,500 22,554 484,116 107,397 591,513 374,151 133,761 507,912 Analysis by fund Unrestricted funds Restricted funds 484,116 484,116 107,397 374,151 374,151 133,761 107,397 133,761 484,116 107,397 591,513 374,151 133,761 507,912 Investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 903 201 12- PETERBOROUGH UNITED FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charitable activities Charltable Charltablo actlvities actlvlties 2023 2024 staff costs Depreciation and impairment Motor expenses Facility hire Renl Repairs and maintenance Printing, postage and stationery Telephone Catering Sundry expenses Subscriptions Sports equipment Charitable donation Marketing and entertainment Insurance 467,964 2,461 53.045 95,604 388,604 3,233 35,767 67.226 4,680 4,948 5,419 3,994 81 922 1,451 16,676 3,938 5,214 3,760 4,008 973 24,258 2,186 3,167 845 3,451 801 667,423 537,253 Share of support costs (see note 7) Share of governance costs (see note 7) 8,333 3,297 8,090 2,995 679,053 548,338 Analysis by fund Unrestricted funds Restricted funds 571,656 107,397 414,577 133,761 679,053 548,338 13- In 0> ¢u o) (u 0> (v £££ uo coo o) a) tsLn PETERBOROUGH UNITED FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Trustees None of the Trustees lor any persons connecled with them) received any remuneration or benefits from the charitable company during the year. Employèes Number of employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 38 39 Employment costs 2024 2023 Wages and salarles Social security costs Other pension costs 431,593 22,965 13,406 353.222 18,818 16.564 467,964 388,604 The remuneration of key management personnel during the year amounts to £50.65612023: £48.237). There were no employees whose annual remuneration was £60,000 or more. 15- PETERBOROUGH UNITED FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 Tangible fixed assets Computer equipment Flxtures, MotUT Vthi¢lt$ fittings & equlpment Totsl Cost At 1 September 2023 Additions Disposals 14,951 1,699 19,131 90 15,409 49,491 1,789 18,619} 18,6191 At 31 August 2024 16,650 19,221 6,790 42,661 Depreciation and impairment At 1 September 2023 Depreciation charged in the year Eliminated in respect of disposals 12,760 2,050 17,866 410 15,409 46,035 2,460 18,619} 18,6191 At 31 August 2024 14,810 18,276 6,790 39,876 Carrying amount At 31 August 2024 1,840 945 2,785 At 31 August 2023 2,191 1.265 3,456 11 Debtors 2024 2023 Amounts falling due within one year- Trade debtors Other debtors PTepeymenls and a¢crued income 8.166 1.152 22,572 1,220 17,858 31,890 19,078 12 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other credilors AcGrua15 and deferred inoome 7,421 8,649 82,227 3,447 4,961 2,299 46.816 3,195 101,744 57,271 16 PETERBOROUGH UNITED FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13 Retirement benefit schemes Defined Contribution sehemes The charitable company operates a defined cc>ntribulion pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently adminisl8red fund. The charge to profit or loss in respect of defined contribution schemes was £13,40612023 - £16.564>. 17 rrt**OLrJ (oitu>rrO¢ ttc {9,668) Adjustments for.. Inveslrllenl income recognised in slatemenl of financial activities Depreciation and impairment of langible fixed assets 1903) 2,461 {201) 3,233 Movements in working capital.. Ilncrease}Idecrease in debtors In¢reas&l{de¢rease) in creditors (12.8091 44,473 1,675 {10,472) Cash generated fromllabsorbed by) operations 20,416 {15,433) 18 Analysis of changes In net funds The charitsble company had no debt during the year. -20-