2023-08-31-accounts - Huddersfield Town Foundation

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		Page
Report ofthe Trustees	1	to	9
Report ofthe Independent Auditors	10	to	13
Statement ofFinancial Activities		14
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement		17
Notes to the Financial Statements	18	to	29

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOME AND ENDO%'MENTS FROM
Donations and legacies			25,980	11,703	37,683	556,952
Charitable activities
Supporting young people	in West Yorkshire		200,350	211,005	411,355	460,485
Community			89,500		89,500	138,866
Premier League and other	contracts		8,088	390,035	398,123	299,100
Other trading activities			97,660	138,700	236,360	154,846
Investment income			1,230		1,230
Total			422,808	751,443	1,174,251	1,610,249
EXPENDITURE ON
Raising funds			4,921	6„280	11,201	35,096
Charitable activities
Supporting young people	in West Yorkshire		184,719	354,989	539,708	448,899
Community			328,972		328,972	283,241
Premier League and other	contracts		239	353,132	353,371	257,635
Total			518,851	714,401	1,233,252	1,024,871
Net gains/(losses) on investments			9,826		9„826	(22,074)
NET INCOME/(EXPENDITURE)			(86,217)	37,042	(49,175)	563,304
Transfers between funds		17	37,219	(37,219)
Net movement in funds			(48,998)	(177)	(49,175)	563,304
RECONCILIATION OF FUNDS
Total funds brought forward			1,076,225	286,299	1,362,524	799,220
TOTAL FUNDS CARRIED FORWARD			1,027,227	286,122	1,313,349	1,362,524

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	13	25,663		25,663	8,180
Investments	14	362,274		362,274	352,450
		387,937		387,93?	360,630
CURRENT ASSETS
Debtors	15	87,2]7		87,217	185,456
Cash at bank and in hand		645,498	286,082	931,580	985,458
		732,715	286,082	1,018,797	1,170,914
CREDITORS
Amounts falling due within one year	16	(93,425)	40	(93,385)	(169,020)
NET CURRENT ASSETS		639,290	286,122	925,412	1,001,894
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,027,227	286,122	1,313,349	1,362,524
NET ASSETS		1,027,227	286,122	1,313,349	1,362,524
FUNDS	17
Unrestricted funds				1,027,227	1,076,225
Restricted funds				286,122	286,299
TOTAL FUNDS				1,313,349	1,362,524

				2023	2022
			Notes
Cash flows from operating		activities
Cash generated from operations				(32,270)	432,634
Net cash (used in}/provided		by operating	activities	(32,270)	432,634
Cash flows from investing		activities
Purchase oftangible fixed	assets			(22,838)
Purchase offixed asset investments					(352,450)
Sale offixed asset investments					(22,074)
Dividends received				1,230
Net cash used in investing	activities			(21,608)	(374,524)
Change in cash and cash	equivalents		in
the reporting period				(53,878)	58,110
Cash and cash equivalents		at the
beginning ofthe reporting		period		985,458	927,348
Cash and cash equivalents		at the end	of
the reporting period				931,580	985,458

	RECONCILIATION OF	NET (EXPENDITURE)/INCOME	NET (EXPENDITURE)/INCOME	NET (EXPENDITURE)/INCOME	TO NET CASH	PLOW FROM
	OPERATING ACTIVITIES
						2023	2022
	Net (expenditure)/income	for the reporting		period (as per the
	Statement ofFinancial Activities)					(49,175)	563,304
	Adjustments for:
	Depreciation charges					5,357	4,757
	(Gain)/losses on investments					(9,826)	22,074
	Dividends rec'eived .					(1,230)
	Decrease/(increase) in debtors					98,239	(172,137)
	(Decrease)/increase in creditors					(75,635)	14,636
	Net cash (used in)/provided		by operations			(32,270)	432,634
2.	ANALYSIS OF CHANGES		IN NET FUNDS
					At 1.9.22	Cash flow	At 31.8.23
	Net cash
	Cash at bank and in hand				985,45S	(53,878)	931,580
					985,458	(53,878)	931,580
	Total				985,45S	(53,878)	931,580

3.	DONATIONS	DONATIONS	AND LEGACIES
							2023	2022
	Donations						37,683	36,581
	Legacies							520„371
							37,683	556,952
4.	OTHER TRADING ACTIVITIES
							2023	2022
	Fundraising	events					236,360	154,846
5.	INVESTMENT INCOME
							2023	2022
	Other fixed	asset invest - Fll					1,230
	INCOME	FROM	CHARITABLE	ACTIVITIES
							2023	2022
			Supporting
				young		Premier
			people in			League
				West		and other	Total	Total
			Yorkshire		Community	contracts	activities	activities
	School income		128,753			88,321	217,074	185,108
	Grants		282,602		89,500	309,802	681,904	713,343
			411,355		89,500	398„123	898,978	898,451
7.	RAISING	FUNDS
	Raising donations		and legacies
							2023	2022
	Sundries						4,973	630
	Staffcosts						3,898	23,782
	Event costs						2,330	10,684
							11,201	35,096

			Direct
			Costs
Supporting	young people	in West
Yorkshire			539,708
Community			328,972
Premier League and other		contracts	353,371
			1,222,051

		2023	2022
Depreciation	- owned assets	5,355	4,757
Accountancy	fees	2,430	2,352
Audit fees		6,000	6,000

The average	monthly	nu	mber of	employees during the year wa	s as follows:
					2023	2022
Management,	admin	and	support	staff	31	26

				31.08.2023	31.08.2023	31.08.2022
	Wages k salaries				620,992	512,940
	Social security				50,543	41,703
	Pension costs				21,196	14,978
					692,731	569,621
12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			556,942	10	556.952
	Charitable activities
	Supporting young people	in West Yorkshire		175,103	285,382	460,485
	Community			138,866		138,866
	Premier League and other	contracts		31,000	268,100	299,100
	Other trading activities			75, 144	79,702	154,846
	Total			977,055	633,194	1,610,249
	EXPENDITURE ON
	Raising funds			27,059	8,037	35,096
	Charitable activities
	Supporting young people	in West Yorkshire		177,729	271,170	448,899
	Community			282,491	750	283,241
	Premier League and other	contracts			257,635	257,635
	Total			487,279	537,592	1,024,871
	Net gains/(losses) on investments			(22,0?4)		(22,074)
	NET INCOME			467,702	95,602	563,304
	Transfers between funds			162,619	(162,619)
	Net movement in funds			630,321	(67,017)	563,304
	RECONCILIATION OF FUNDS
	Total funds brought forward			445,899	353,321	799,220
	TOTAL FUNDS CARRIED FORWARD			1,076,220	286,304	1,362,524

		Improvements	Fixtures
		to	and	Motor	Computer
		property	fittings	vehicles	equipment	Totals
			K
COST
At	I September 2022	17,539	54,540	31,790	527	104,396
Additions			11,338	11,500		22,838
At	31 August 2023	17,539	65,878	43,290	527	127,234
DEPRECIATION
At	I September 2022	17,539	46,360	31,790	527	96,216
Charge for year			4,636	719		5,355
At	31 August 2023	17,539	50,996	32,509	527	101,571
NET BOOK VALUE
At	31 August 2023		14,882	10,781		25.663
At	31 August 2022		8,180			8,180

FIXEDASSET INVESTMENTS
	Listed
	investments
MARKET VALUE
At I September 2022	352,450
Revaluations	9,824
At 31 August 2023	362,274
NET BOOK VALUE
At 31 August 2023	362,274
At 31 August 2022	352,450

			Listed
			investments
Valuation	in	2023	9,824
Cost			352,450
			362,274

				2023	2022
Trade debtors				15,163	80,949
Other debtors					591
Prepayments	and accrued income			72,054	103,916
				87,217	185,456
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2023	2022
Trade creditors				17,785	19,736
Social security		and other taxes			10,700
Other creditors				6,685	16,780
Accruals and	deferred		income	68,915	121,804
				93,385	169,020

				Charitable
				activities	Total
At	I September 2022			51,452	51,452
Released		from previous	years	(51,452)	(51,452)
Deferred		in the current	year	34,248	34,248
At	31 August 2023			34,248	34,248

			Net	Transfers
			movement	between	At
		At 1.9.22	in funds	funds	31.8.23
Unrestricted funds
General fund		1,083,425	(40,477)	(15,721)	1,027,227
Breakfast Clubs			(65,307)	65,307
Primary Stars			7,779	(7,779)
USW			7,632	(7.632)
Calderdale College			4,156	(4,156)
Wildcats		(7,200)		7,200
		1,076,225	(86,217)	37,219	1,027,227
Restricted funds
Big Sleep Out			11,613	(11,613)
Peda! For Pounds			18,460	(18,460)
Health		85,256	(32„906)		52„350
Children in Care		107,730	15,791		123,521
Heritage		26,616			26,616
NCS			(60,530)	60,530
Premier League	Kicks		5,354	(5,354)
Get Onside		19,377		(19,377)
Kicks Targeted			10,430	(10,430)
Disability			4,096		4,096
Premier League	Inspires		(14,709)	14,709
Primary Stars			33,016	(33,016)
Active Through	Football	36,458	32,300		68,758
Road to Wembley		4,862	(4,862)
Designated Fund		6,000		(6,000)
Breakfast Club Van			11,500	(719)	10,781
Walk For Pounds			7,489	(7,489)
		286,299	37,042	(37,219)	286,122
TOTAL FUNDS		1,362,524	(49,175)		1,313,349

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds
General fund		335,911	{386,214)	9,826	(40,477)
Breakfast Clubs		20,317	(85,624)		(65,307)
Primary Stars		8,088	(309)		7,779
USW		43,475	(35,843)		7,632
Calderdale College		15,017	(10,861)		4,156
		422,808	(518,851)	9,826	(86,217)
Restricted funds
Big Sleep Out		14,121	(2,508)		11,613
Pedal For Pounds		104,184	(85,724)		18,460
Health		45,965	(78,871)		(32,906)
Children in Care		51,739	(35,948)		15,791
NCS		4,754	(65,284)		(60,530)
Premier League	Kicks	153„805	(148,451)		5,354
Kicks Targeted		15,564	(5,134)		10,430
Disability		13,140	(9,044)		4,096
Premier League	Inspires	88,000	(102,709)		(14,709)
Primary Stars		132,679	(99,663)		33,016
Active Through	Football	95,407	{63,107)		32,300
Road to Wembley		(4,862)			(4,862)
Breakfast Club Van		11,500			11,500
Walk For Pounds		25,447	(17,958)		7,489
		751,443	(714,401)		37,042
TOTAL FUNDS		1,174,251	(1,233,252)	9,826	(49,175)

				Net	Transfers
				movement	between	At
			At 1.9.21	in funds	fufld S	31.8.22
Unrestricted funds
General fund			445,899	465,594	171,932	1,083,425
Breakfast Clubs				(24,083)	24,083
Premier League	Inspires			10,500	(10,500)
Primary Stars				20,500	(20,500)
USW				7,137	(7,137)
Calderdale College				(4,741)	4,741
Wildcats				(7,200)		(7,200)
			445,899	467,707	162,619	1,076,225
Restricted funds
Big Sleep Out			21,075	3,016	(24,091)
Pedal For Pounds			23,111	(23,111)
Continuous Improvement		Fund	(7,499)		7,499
Inclusion			114,600	(I)	(114,599)
Health			75,335	9,921		85,256
Education			(25,711)		25,711
Children in Care			9,107		98,623	107,730
Heritage			27,366	(750)		26,616
NCS			52,891	52,695	(105,586)
Young People Leaving Care			63,046		(63,046)
Premier League	Kicks			20,208	(20,208)
Get Onside				19,377		19,377
Kicks Targeted				6,768	(6,768)
Disability				3,479	(3,479)
Premier League	Inspires			(31,261)	31,261
Primary Stars				(6,064)	6,064
Active Through	Football			36,458		36,458
Road to Wembley				4,862		4,862
Designated Fund					6,000	6,000
			353,321	95,597	(162,619)	286,299
TOTAL FUNDS			799,220	563,304		1,362,524

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted funds
General	fund		833,315	(345,647)	(22,074)	465,594
Breakfast Clubs			65,939	(90,022)		(24,083)
Premier	League	Inspires	10,500			10,500
Primary	Stars		20,500			20,500
USW			40,000	(32,863)		7,137
Calderdale College			14,000	(18,741)		(4,741)
Wildcats			(7,200)			(7,200)
			977,054	(487,273)	(22,074)	467,707
Restricted funds
Big Sleep Out			4,289	(1,273)		3.016
Pedal For Pounds			72,986	(96,097)		(23,111)
Inclusion				(I)		(I)
Health			53,388	(43,467)		9,921
Heritage				(750)		(750)
NCS			183,819	(131.124)		52,695
Premier	League	Kicks	127,217	(107,009)		20,208
Get Onside			20,013	(636)		19,377
Kicks Targeted			20,670	(13,902)		6,768
Disability			6,340	(2,861)		3,479
Premier	League	Inspires		(31,261)		(31,261)
Primary	Stars		100,200	(106,264)		(6,064)
Active Through		Football	39,411	(2,953)		36,458
Road to	Wembley		4,862			4,S62
			633,195	(537,598)		95,597
TOTAL	FUNDS		1,610,249	(1,024,871)	(22,074)	563,304