2020-06-30-accounts - Huddersfield Town Foundation

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		Page
Report ofthe Trustees	1	to	8
Report ofthe Independent Auditors	9	to	11
Statement ofFinancial Activities		12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	26

					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes				f,
INCOME	AND ENDOWMENTS FROM
Donations	and legacies	2	222,302	87,354	309,656	452,064
Charitable	activities
Supporting	young people in West Yorkshire					(2,520)
Community			37,442		37,442	104,888
Premier League and other contracts			108,039	508,040	616,079	421,539
Other trading activities			56,430	9,540	65,970	37,368
Total			424,213	604,934	1,029,147	1,013,339
EXPENDITURE ON
Raising funds			45,041	4,143	49,184	107,128
Charitable	activities
Supporting	young people in West Yorkshire		91,709	121,614	213,323	205,461
Community			32,091	1,500	33,591	70,159
Premier League and other contracts			149,244	450,905	600,149	491,196
Total			318,085	578,162	896,247	873,944
NET INCOME			106,128	26,772	132,900	139,395
RECONCILIATION OF FUNDS
Total funds	brought forward		221,423	330,878	552,301	412,906
TOTAL FUNDS CARRIED FORWARD			327,551	357,650	685,201	552,301

				2020	2019
		Unrestricted	Restricted	Total	Total
		funds	funds	f'unds	funds
	Notes
FIXEDASSETS
'1any'ble assets	12	31,107	1,407	32.514	44.802
CURRENT ASSETS
Stocks	13				14
Debtors	14	61.731	20.712	82.443	150.296
Cash at bank and in hand		300.266	490.837	791.103	647 775
		361.997	511 549	873.546	798.085
CREDITORS
!%mounts falling due vvithin one year	15	(65.553)	(155.306)	(220,859')	(290.586)
NET CURRENT ASSETS		296,444	356243	652.687	507499
TOTAL ASSETSLESS CURRENT
LIABILITIES		327.551	357.650	685 201	552 301
NET ASSETS		327.551	357.650	685.201	552 301
FUNDS	16
Unrestricted funds				327 551	221 423
Restricted funds				357.650	330.878
				685.201	552.301

					2020	2019
				Notes
Cash flows from operating		activities
Cash generated from operations					145,517	398,974
Net cash provided by operating activities					145,517	398,974
Cash flows from investing		activities
Purchase oftangible fixed	assets				(2,189)	(15,900)
Net cash used in investing	activities				(2,189)	(15,900)
Change in cash and cash	equivalents		in the
reporting period					143,328	383,074
Cash and cash equivalents		at the beginning
ofthe reporting period					647,775	264,701
Cash and cash equivalents		at the end	ofthe
reporting period					791,103	647,775

	RECONCILIATION	RECONCILIATION	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM	OF NET INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
						2020	2019
	Net income	for the	reporting		period (as per the Statement ofFinancial
	Activities)					132,900	139,395
	Adjustments	for:
	Depreciation	charges				14,477	12,268
	Decrease in	stocks				14
	Decrease in	debtors				67,853	149,339
	(Decrease)/increase		in	creditors		(69,727)	97,972
	Net cash provided		by	operations		145,517	398,974
2.	ANALYSIS	OF CHANGES IN NET FUNDS

	At 1.7,19	Cash flow	At 30.6.20
Net cash
Cash at bank and in hand	647,775	143,328	791,103
	647,775	143,328	791,103
Total	647,775	143,328	791,103

2.	DONATIONS	DONATIONS	DONATIONS
						2020	2019
	Donations					197,156	219,948
	Grants					112,500	175,000
	Funding of		support costs				57,116
						309,656	452,064
3.	OTHER	TRADING ACTIVITIES
						2020	2019
	Fundraising		events			65,970	29,868
	Trading income						7,500
						65,970	37,368
4.	INCOME FROM CHARITABLE ACTIVITIES
						2020	2019
					Premier
					League
					and other	Total	Total
				Community	contracts	activities	activities
	School income			20,731	75,625	96,356	117,784
	KAL: profit		share	16,711		16,711	35,290
	Furlough	grant			28,369	28,369
	Grants				512,085	512,085	370,833
				37,442	616,079	653,521	523,907

	Raising donations and legacies	Raising donations and legacies
						2020	2019
	Sundries					1,483	6,369
	Staffcosts					21,773	55,285
	Event costs					25,928	45,474
						49,184	107,128
6.	CHARITABLE ACTIVITIES COSTS
						Grant
						funding of
						activities
					Direct	(see note
					Costs	7)f	Totals
	Supporting	young people in West
	Yorkshire				211,323	2,000	213,323
	Community				33,591		33,591
	Premier League and other contracts				600,149		600,149
					845,063	2,000	847,063
7.	GRANTS PAYABLE
						2020	2019
	Supporting	young people in West Yorkshire				2,000	21,473
	The total grants paid to institutions		during	the year was as follows:
						2020	2019
	Grants					2,000	21,473

		2020	2019
Depreciation	- owned assets	14„477	12,268
Accountancy	fees	2,352	2,500
Audit fees		7,840	6,700

		Unrestricted	Restricted	Total
		funds	funds	funds
INCOME	AND ENDOWMENTS FROM
Donations	and legacies	135,934	316,130	452,064
Charitable	activities
Supporting	young people in West Yorkshire	(2,520)		(2,520)
Community		104,888		104,888
Premier League and other contracts		61,628	359,911	421,539
Other trading activities		28,493	8,875	37,368
Total		328,423	684,916	1,013,339
EXPENDITURE ON
Raising funds		11,052	96,076	107,128
Charitable	activities
Supporting	young people in West Yorkshire	204,127	1,334	205,461
Community		70,159		70,159
Premier League and other contracts		77,908	413,288	491,196
Total		363,246	510,698	873,944
NET INCOME/(EXPENDITURE)		(34,823)	174,218	139,395

10.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
						Unrestricted	Respected	Total
						funds	funds	funds
	Transfers between	funds				35,212	(35,212)
	Net movement in funds					389	139,006	139,395
	RECONCILIATION		OF FUNDS
	Total funds brought		forward
	As previously reported					221,034	240,521	461,555
	Prior year adjustment						(48,649)	(48,649)
	As restated					221,034	191,872	412,906
	TOTAL FUNDS CARRIED FORWARD					221,423	330,878	552,301
11.	STAFF COSTS
							30.6.20	30.6.19
	Wages &salaries						467,026	465,692
	Social security						39,725	34,362
	Pension costs						15,167	11,345
							521,918	511,399
	The average number	ofemployees		during	the year was 30(2019 - 30).
	No employees received		emoluments	in excess of/60,000.

12.	TANGIBLE FIXEDASSETS
		Improvements	Fixtures
		to	and	Motor	Computer
		property	fittings	vehicles	equipment	Totals
	COST
	At 1 July 2019	17,539	49,460	31,790	527	99,316
	Additions		2,189			2,189
	At 30June 2020	17,539	51,649	31,790	527	101,505
	DEPRECIATION
	At I July 2019	8,846	13,351	31,790	527	54,514
	Charge for year	3,654	10,823			14,477
	At 30June 2020	12,500	24,174	31,790	527	68,991
	NET BOOK VALUE
	At 30June 2020	5,039	27,475			32,514
	At 30June 2019	8,693	36,109			44,802
13.	STOCKS
					2020	2019
	Stocks					14
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN		ONE YEAR
					2020	2019
	Trade debtors				23,403	60,585
	Other debtors				59,040	63,198
	Prepayments and accrued income					26,513
					82,443	150,296

		2020	2019
Trade creditors		9,961	30,890
Other creditors		21,518	69,736
Accruals and deferred	income	189,380	189,960
		220,859	290,586

		Charitable
		activities	Total
			E
At 1 July 2019		118,630	118,630
Released from previous	years	(118,630)	(118,630)
Deferred in the current	year	177,264	177,264
At 30June 2020		177,264	177,264

MOVE	ME	NT IN FUN	DS
					Net
					movement	At
				At 1.7.19	in funds	30.6.20
Unrestricted		funds
General	fund			221,423	106,128	327,551
Restricted funds
Big Sleep Out				46,959	(21,774)	25,185
Pedal For Pounds				70,424	(53,929)	16,495
Continuous		Improvement	Fund	90,216	(25,573)	64,643
Inclusion				73,123	22,875	95,998
Health				1,629	34,950	36,579
Education				48,527	(30,093)	18,434
Children	in Care				9,107	9,107
Heritage					27,582	27,582
NCS					63,627	63,627
				330,878	26,772	357,650
TOTAL	FUNDS			552,301	132,900	685,201

						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted		funds
General fund						424,213	(318,085)	106,128
Restricted	funds
Big Sleep Out						26,290	(48,064)	(21,774)
Pedal For Pounds						25,264	(79,193)	(53,929)
Continuous	Improvement		Fund				(25,573)	(25,573)
Inclusion						158,705	(135,830)	22,875
Health						77,048	(42,098)	34,950
Education						143,170	(173,263)	(30,093)
Children in	Care					11,357	(2,250)	9,107
Heritage						43,000	(15,418)	27,582
NCS						120,100	(56,473)	63,627
						604,934	(578,162)	26,772
TOTAL FUNDS						1,029,147	(896,247)	132,900
Comparatives		for movement		in funds
					Prior	Net	Transfers
					year	movement	between	At
				At 1.7.18	adjustment	in funds	funds	30.6.19
				f.
Unrestricted		funds
General fund				221,034		(34,823)	35,212	221,423
Restricted funds
Big Sleep Out						46,959		46,959
Pedal For Pounds						105,636	(35,212)	70,424
Continuous	Improvement
Fund				55,598		34,618		90,216
Inclusion				114,644	(35,759)	(5,762)		73,123
Health						1,629		1,629
Education				70,279	(12,890)	(8,862)		48,527
				240,521	(48,649)	174,218	(35,212)	330,878
TOTAL FUNDS				461,555	(48,649)	139,395		552,301

Comparative		net movement	net movement	net movement	in funds, included	in funds, included	the above are as	follows:
								Incoming	Resources	Movement
								resources	expended	in funds
										f.
Unrestricted		funds
General fund								328,423	(363,246)	(34,823)
Restricted	funds
Big Sleep Out								47,483	(524)	46,959
Pedal For Pounds								145,406	(39,770)	105,636
Continuous		Improvement		Fund				75,000	(40,382)	34,618
Inclusion								233,378	(239,140)	(5,762)
Health								8,208	(6,579)	1,629
Education								118,325	(127,187)	(8,862)
Fundraising		Support	Costs					57,116	(57,116)
								684,916	(510,698)	174,218
TOTAL FUNDS								1,013,339	(873,944)	139,395
Description		as to the purpose ofeach				fund
Unrestricted		funds	represent		resources	available	at the trustees'	discretion in meeting	the charitable	objects of the
charity.