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|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||||
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|||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|
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||||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|
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||||||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|
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|||||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|
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||||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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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||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|
##
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|||||||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.|||||