2023-06-30-accounts

Trustees		Mr R Neal
		Mr RAdam
		Mr M Holland
		Ms N Thomas
		Mr M Ashton
		Mr A Stevens
		Mr C Chaplin
		Mr P Over
		Ms EEdwards
		Mr T Ball		(Appointed	21 July 2022)
		Ms R Mackie		(Appointed	21 July 2022)
Charity number		1157548
Company	number	09035797
Registered	office	Ipswich Town Football Club
		Portman Road
		ipswich
		IP1 2DA
Auditor		Ensors Accountants	LLP
		Connexions
		159Princes Street
		ipswich
		IP1 1QJ
Bankers		Barclays Bank UK	PLC
		Birmingham
		B13PF
Solicitors		Birketts LLP
		Ipswich
		IP1 1QJ
CEO		Mr Daniel Palfrey

		Page
Trustees' report		1-6
Statement oftrustees'	responsibilities
independent auditor's	report
Statement offinancial	activities	12
Balance sheet		13
Statement ofcash flows		14
Notes to the financial	statements	15-26

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
						as restated		as restated
		Notes	2023	2023	2023	2022f	2022 F.	2022
Income from:
Donations and	legacies	3	1,003,607	37,065	1,040,672	729,585	29,356	758,941
Charitable activities		4	1,036,042		1,036,042	571,525		571,525
Total income			2,039,649	37,065	2,076,714	1,301,110	29,356	1,330,466
Expenditure on:
Charitable activities		5	2,056,935	38,580	2,095,515	1,310,617	25,998	1,336,615
Net expenditure	and
movement in funds			(17,286)	(1,515)	(18,801)	(9,507)	3,358	(6,149)
Reconciliation	offunds:
Fund balances	at 1 July 2022		186,166	3,912	1S0,078	195,673	554	196,227
Fund balances	at 30June
2023			168,880	2,397	171,277	186,166	3,912	190,078

					2023		2022
			Notes
Fixed assets
Tangible assets					48,272		18,402
Current assets
Debtors			12	162,786		43,869
Cash at bank and	in	hand		300,010		367,662
				462,796		411,531
Creditors: amounts		falling due within
one year			13	(339,791)		(239,855)
Net current assets					123,005		171,676
Total assets less	current liabilities				171,277		190,078
Income funds
Restricted funds			16		2,397		3,912
Unrestricted funds					168,880		186,166
					171,277		190,078

				2023		2022
			Notes			f.
Cash flows from operating		activities
Cash (absorbed	by)/generated	from	21
operations					(26,48?)		213,859
Investing activities
Purchase oftangible fixed assets				(41,165)		(7,949)
Net cash used	in investing	activities			(41,165)		(7,949)
Net cash used	in financing	activities
Net (decrease)/increase in		cash and	cash
equivalents					(67,652)		205,910
Cash and cash	equivalents at beginning		ofyear		367,662		161,752
Cash and cash	equivalents	at end of	year		300,010		367,662

			2023	2022
				as restatedf
Direct costs
Staffcosts			1,229,998	735,093
Depreciation	and impairment		11,296	4,443
Hire offacilities			183,547	182,750
Kit and equipment			83,931	35,667
Travel expenses			41,040	16,856
Other staff costs			9,493	17,554
Football and	education		354,867	242,888
			1,914,172	1,235,251
Share ofsupport and governance		costs (see note 6)
Support			168,203	89,964
Governance			13,140	11,400
			2,095,515	1,336,615
Analysis by	fund
Unrestricted	funds		2,056,935	1,310,617
Restricted funds			38,580	25,998
			2,095,515	1,336,615
Support costs allocated to activities
			2023	2022
				as restated
Printing			3,449	2,871
Accountancy	services		3,893	3,130
Computer costs			6,846	2,666
Licences and	subscriptions		12,291	2,396
Bank charges	and interest		279	260
Other costs			16,445	3,641
Admin support from ITFC			125,000	75,000
Governance	costs		13,140	11,400
			181,343	101,364

				2023	2022
	Governance costs comprise:			R	K
	Audit and accountancy fees			13,140	11,400
				13,140	11,400
7	Auditor's remuneration
	Fees payable to the charity's	auditor and associates:		2023	2022
	For audit services
	Audit ofthe financial statements		ofthe charity	10,040	8,700
	For other services
	All other non-audit services			3,100	2,700

The average	monthly number ofemployees during t	he year was:
		2023	2022
		Number	Number
Full employees		46	20
Casual employees		93	80
Total		139	100
Employment	costs	2023	2022f
Wages and salaries		1,136,747	683,851
Social security	costs	71,774	40,503
Other pension	costs	21,477	10,739
		1,229,998	735,093

Employees								(Continued)
The number ofemployees		whose annual		remuneration		was more than f60,000
isas follows:
							2023	2022
							Number	Number
f60,001 -f70,000 f80,001 - 290,000
Remuneration	ofkey management		personnel
The remuneration	ofkey	management	personnel		is as	follows.
							2023	2022
							R
Aggregate compensation							109,765	88,879

Tangible fixed asset	s
		Plant and	Computers	INotor	Total
		equipment		vehiclesf
Cost
At 1 July 2022			7,949	15,410	23,359
Additions		11,882	4,283	25,000	41,165
At 30June 2023		11,882	12,232	40,410	64,524
Depreciation and impairment
At 1 July 2022			1,104	3,852	4,956
Depreciation charged	in the year	2,113	3,601	5,582	11,296
At 30June 2023		2.113	4,705	9,434	16,252
Carrying amount
At 30June 2023		9,769	7,527	30,976	48,272
At 30June 2022			6,845	11,557	18,402

12	Debtors
								2023	2022
	Amounts falling due within one year:
	Trade debtors							69,536	25,574
	Prepayments and accrued income							93,250	18,295
								162,786	43,869
13	Creditors: amounts		falling		due within one year
								2023	2022
							Notes
	Other taxation and social security							20,107	16,173
	Deferred	income						118,815	141,860
	Trade creditors							40,452	25,118
	Amount	due to ITFC						123,051	45,304
	Accruals							37,366	11,400
								339,791	239,855
14	Deferred	income
								2023	2022
									f.
	Deferred	income						118,815	141,860
	Deferred	income is included			in the financial statements	as follows:
								2023	2022
	Deferred	income is included			within:
	Current liabilities							118,815	141,860
	Movements in the year:
	Deferred	income at	1 July 2022					141,860
	Released	from previous		periods				(141,860)
	Resources deferred		in the year					118,815	141,860
	Deferred	income at 30June			2023			118,815	141,860

		At 1July 2022	Incoming	Resources	At 30June
			resourcesf	expended	2023
Active Suffolk			1,413	(1,413)
PL Primary Stars			17,500	(17,500)
Business development	- laptops	3,912		(1,515)	2,397
SCC HAF			8,490	(8,490)
Years ofservice			892	(892)
Skills Booster			1,270	(1,270)
Twinning Project - HMP			7,500	(7,500)
		3,912	37,065	(38,580)	2,397
Previous period:		At 1July 2021	Incoming	Resources	At 30June
			resources	expended	2022
				R
Ipswich Town Education	Programme	227		(227)
Female Football Development		327		(327)
Business development			3,458	(3,458)
Business development	-laptops		4,542	(630)	3,912
EFLfans return			5,796	(5,796)
Years ofservice			5,060	(5,060)
Talent indusion			2,000	(2,000)
Comic relief fund			4,500	(4,500)
Lottery Fund			4,000	(4,000)
		554	29,356	(25,998)	3,912

	At	1 July 2022	Incoming	Resources	At 30June
			resources	expended	2023
					f.
General funds		186,166	2,039,649	(2,056,935)	168,880
Previous period:	At	1 July 2021	Incoming	Resources	At 30June
			resources	expended	2022f
General funds		195,673	1,301,110	(1,310,617)	186,166
Analysis ofnet assets between funds
			Unrestricted	Restricted	Total
			funds	funds
			2023	2023	2023
Fund balances at 30June 2023are represented		by:
Tangible assets			45,875	2,397	48,272
Current assets/(liabilities)			123,005		123,005
			168,880	2,397	171,277
			Unrestricted	Restricted	Total
			funds	funds
			2022	2022	2022
				K	K
Fund balances at 30June 2022 are represented		by:
Tangible assets			14,490	3,912	18,402
Current assets/(liabilities)			171,676		171,676
			186,166	3,912	190,078

						Amounts owed	to	related
						parties
						2023		2022
Ipswich	Town	Football	Club	Company	Limited	123,051		45,304
						123,051		45,304

21	Cash generated from	operations	operations	2023	2022
	Deficit for the year			(18,801)	(6,149)
	Adjustments for:
	Depreciation and impairment of		tangible fixed assets	11,296	4,443
	Movements in working	capital:
	(Increase)/decrease in	debtors		(118,918)	14,978
	Increase in creditors			122,981	58,727
	(Decrease)/increase in	deferred	income	(23,045)	141,860
	Cash (absorbed by)/generated		from operations	(26,487)	213,859
22	Analysis ofchanges	in net debt
	The charity had no debt in the period.