Issue link: http://itf.uberflip.com/i/1503947
ITF Trust Annual Report and Financial Statements 2022 25 12. Presiden al and Communica ons Included in the Presiden al and Communica ons department costs are the ITF Conference and AGM, Board of Directors' mee ngs, Regional Associa on grants, ITF World Champions Awards, ITF Cons tu on and communica ons ac vi es. 13. Integrity, Science and Technical Included in the Integrity, Science and Technical department costs are an -doping (invoiced by the ITIA), technical, ITF Founda on and Sport Science and Medicine Commission costs as well as regula on and governance costs. 14. Finance and Administra on Included in the Finance and Administra on department are the costs of informa on and communica ons technology, insurance, legal and professional fees, premises, general administra on and movements in the provision for doub ul debts. Also included within Finance and Administra on costs are the net impairment losses of trade receivables of $242,000 (2021: $6,000). See note 36(b) for details. 15. Foreign exchange gain / (loss) Foreign exchange gains represents the rise in the value of foreign currency reserves held by the ITF as either working capital to fund its opera ons or for investment purposes, or foreign exchange gains realised on transac ons completed during the year. Further details on the ITF's capital management policy are disclosed in note 36(f). 16. Staff numbers and costs The monthly average number of persons employed by the group (including directors) during the year, shown by category, was as follows: No. of employees 2022 No. of employees 2021 Professional Tennis 44 43 Tennis Development 30 25 Commercial 10 9 Presiden al and Communica ons 16 17 Integrity, Science and Technical 12 11 Finance and Administra on 21 20 133 125 Staff numbers in the year include an average of 10 ITF Development Officers (2021: 10) who work overseas with developing tennis na ons to ensure the ITF Development Programme is successfully implemented. The aggregate payroll costs of these employees were as follows: 2022 $000 2021 $000 Wages and salaries 11,419 9,156 Social security costs 1,354 1,013 Contribu ons to defined contribu on plans 767 584 13,540 10,753 In addi on, staff costs of $416,000 were capitalised in the year in rela on to so ware development (2021: $223,000).