2021-08-31-accounts - Middlesbrough Football Club Foundation

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		Page
Report ofthe Trustees		1 —8
Report ofthe Independent	Auditors	9- 11
Statement ofFinancial Activities
Balance Sheet		13
Statement ofCash Flows		14
Notes to the Accounts		15 - 24

				Middlesbrou h Football Club Foundation A Com an Limited b Guarantee
				T~tR rt
				for the Year Ended 31Au ust 2021
REFERENCE AND			ADMINISTRATIVE DETAILS
Company	registration		number:	03142447
Charity registration		number:		1059418
Registered	office:			Brignell Road
				Riverside Park Industrial		Estate
				Middlesbrough
				TS2 IPS
Solicitors:				Endeavour Partnership	LLP
				Tobias House
				St Marks Court
				Teesdale Business Park
				Teesside
				TS176QW
Bankers:				Barclays Bank Pic
				PO Box378
				71 Grey Street
				Newcastle upon Tyne
				NE99 IJP
Auditors:				Anderson Barrowcliff LLP
				3 Kingfisher Court
				Bowesfield Park
				Stockton on Tees
				TS183EX

DIRECTORS AND TRUSTE	DIRECTORS AND TRUSTE	ES	ES
The Directors ofthe Foundation		are its Trustees for the purpose ofCharity Law.
The Directors and	Trustees ofthe Foundation		who held office during the year are	as follows:
Trustees:			RMall on —Chairperson (Resigned JBaker —Trustee and Chairperson		- 3 I March (appointed	2021) as Chair - I
			April 2021)
			N JBausor
			JRBloom
			Fr A Gaunt
			KGibson
			JFryett
			Y Khan (resigned -4 August 2021)
			G J Redman
			P Rowley OBE
Secretary:			N Jackson
Ambassadors:			T Riordan
			A Bibby
Key Management	Personnel:
Head ofFoundation			H Bowman

						East
				Unrestricted	Restricted	Cleveland	Total	Total
				Funds	Funds	Fund	Funds	Funds
							2021	2020
			Note
Income
Donations and	legacies		2	210,600		525,000	735,600	808,663
Income f'rom charitable		activities	3	374480	928,814		1,303,194	1,166,399
Other trading activities			4	59,201			59,201	105,555
Total income				644,181	928,814	525,000	2,097,995	2,080,617
Expenditure
Costs ofraising funds			5	76,647			76,647	55,577
Charitable activities			6	488,568	928,814	334,585	1,751,967	1,629,585
Total Expenditure				565,215	928,814	334,585	1,828,614	1,685,162
Net income				78,966		190,415	269,381	395,455
Transfers between funds			19
Net movement	in f'unds			78,966		190,415	269,381	395,455
Reconciliation	ofFunds
Funds brought	forward	at I September		757,480		728,574	1,486,054	1,090,599
2020
Total funds carried forward at 31			17	836,446		918,989	1,755,435	1,486,054
August 2021

						2021		2020
				Note
Fixed Assets
Tangible assets				12		373383		269,250
Current Assets
Debtors				13	170,361		112,533
Cash at bank &in hand					1,706,538		1,583,752
					1,876,899		1,696,285
Creditors: Amounts	falling	due within	one year	14	(274,745)		(262,922)
Net Current Assets						1,602,154		1,433,363
Total Assets Less Current		Liabilities				1,975,537		1,702,613
Creditors: Amounts	falling	due		15
after more than	one year					(220,102)		(216,559)
Net Assets				16		1,755,435		1,486,054
Funds
Restricted funds				17
East Cleveland fund				17		918,989		728,574
Unrestricted funds				17		836,446		757,480
Total Funds				16		1,755,435		1,486,054

			2021	2020
		Note
Cash from operating activities		23	269,423	327,476
Cash flow from investing activities
Payments to acquire tangible fixed assets			(146,637)	(30,922)
Net cash flow provided by (used in) investing	activities		(146,637)	(30,922)
Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning ofthe year			122,786 1,583,752	296,554 1,287,198
Cash and cash equivalents at the end ofthe year			1,706,538	1,583,752

		Unrestricted	Restricted	2021	2020
Education and Employability Sport and Physical Activity Health and Wellbeing Social Inclusion and Community Interest Received	Cohesion	96,139 194402 81,861 2,078	316,974 30,660 85,662 495,518	413,113 224&962 85,662 577,379 2,078	420,609 317,440 33,243 395,107
		374,380	928,814	1,303,194	1,166,399

INCOME FROM OTHER TRAD	ING ACTIVITIES
	Unrestricted	Restricted	2021	2020
Fundraisi ng activities:
Fundraising Sundry income	52,072 7,129		52,072 7,129	78,708 26,847
	59,201		59,201	105,555

		Unrestricted	2021	2020
Fundraising	activities:
Staffcosts Equipment Promotions Trave!and Other costs	and consumables &Events tours	45,022 25,419 4,865 1,341	45,022 25,419 4,865 1,341	41,557 8,028 3,110 2,614 268
		76,647	76,647	55,577

				Social
		Sport		Inclusion
	Education	and		and
	and Employ-	Physical	Health and	Community	Total	Total
	ability	Activity	Wellbeing	Cohesion	2021	2020
StaffCosts Equipment &Consumables Travel &Tours Depreciation General Office Costs Premises Costs Traulnlg Events Other Costs 3GPitches Sinking Fund Support costs (see below) Governance costs (note 7)	349,836 40,333 7,556 3,778 11,864 7,940 13,406 4,673 82,710 6,770	126,522 6,317 233 31,799 52,475 127 802 9,482 21,000 8,000 654	81,521 12,167 894 1,021 4,196 5,067 355 3,940 1,022 22,352 1,830	436,516 109,586 11,972 5,906 40,073 13,019 31,196 43,173 129,300 10,584	994,395 168,403 20,655 42,504 4,196 109,479 21,441 49,344 58,350 21,000 242,362 19,838	921,975 85,405 29,341 42,487 500 129,486 19,113 26,173 18,789 27,000 301,202 28,114
	528,866	257,411	135,365	831,325	1,751,967	1,629,585
Support Costs
				Social
		Sport		Inclusion
	Education	and	Health and	aud
	and Employ-	Physical	Wellbeing	Comm unity	Total	Total
	ability	Activity f		Cohesion	2021	2020
StaffCosts General office costs Equipment &Consumables Other Costs Events Premises costs	32,672 9,488 6,642 2,846 354 30,708	3,160 918 643 275 34 2,970	8,830 2,564 1,794 769 96 8,299	51,076 14,832 10,385 4,449 553 48,005	95,738 27,802 19,464 8,339 1,037 89,982	118,842 40,900 4,202 500 35,120 101,638
	82,710	8,000	22,352	129,300	242,362	301,202

	This is stated after charging:-	This is stated after charging:-
			2021	2020
			f.
	Depreciation		42,504	42,487
	Auditors remuneration	—for audit	6,980	8,900
	Operating lease rentals	—equipment	1,125	1,788
9	STAFF COSTS
			2021	2020
	Wages &salaries		19041,181	1,009,904
	Social Security costs		74,336	57,218
	Pension costs		25,601	23,804
			1,242,561	1,090,926

Notes to the Acc TANGIBLE FIXEDASSETS	ounts for t	he Year Ended	31Au ust	2021
	Land	Fixtures
	aIld	and	Computer	Motor
	Buildings	Fittings	Equipment	Vehicles	Total
	5
Cost
At 1 September 2020	668,176	45,003	15,918		729,097
Additions				146,637	146,637
At 31August 2021	668,176	45,003	15,918	146,637	875,734
Depreciation
At I September 2020	443,866	12,001	3,980		459,847
Provided during year	33,420	5,100	3,984		42,504
At 31 August 2021	477,286	17,101	7,964		502,351
Net Book Value
At 31August 2021	190,890	27,902	7,954	146,637	373,383
At 31August 2020	224,310	33,002	11,938		269,250
All tangible fixed assets were used for charitable		purposes.
DEBTORS
				2021	2020
Trade debtors				70,521	34,216
Prepayments and accrued income				81,594	43,746
Other debtors				18,246	34,571
				170,361	112,533
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE			YEAR
				2021	2020f
Trade creditors Other taxes &social security costs Accruals Other creditors				40,988 28,608 15,758 1	47,031 23,019 16,760 12,214
Deferred income				189,390	163,898
				274,745	262,922

CREDIT	LLING DUE AFTER MORE	THAN ONE YEAR
		2021	2020
Amounts owed to Middlesbrough Deferred income Other creditors	Football Club	9,195 66,944 143,963	15,585 78,012 122,962
		220,102	216,559

Fund balances 31 August 2021 ar	e represented by:-
	Unrestricted	Restricted	East	2021	2020
			Cleveland
Tangible fixed assets Current assets Creditors falling due within one	148,744 926,215 (85,355)	78,002 178,332 (189,390)	146,637 772,352	373,383 1,876,899 (274,745)	269,250 1,696,285 (262,922)
year
Creditors falling due after one	(153,158)	(66,944)		(220,102)	(216359)
year
	836,446		918,989	1,755,435	1,486,054
ANALYSIS OF MOVEMENT IN FUNDS
	Unrestricted	Restricted	East	2021	2020
			Cleveland
At I September 2020 Incoming resources Outgoing resources	757,480 644,181 (565,215)	928,814 (928,814)	728,574 525,000 (334,585)	1,486,054 2,097,995 (1,828,614)	1,090,599 2,080,617 (1,685,162)
At 31August 2021	836,446		918,989	1,755,435	1,486,054

ESTRICTED	FUNDS	FROM	CHARITAB	LE ACTIVITIE	S
						Social
			Education			Inclusion
			and	Sport		and
			Employ-	and Physical	Health and	Community
			ability	Activity	Wellbeing	Cohesion	Total
Balance at I September		2020
Received in year			316,974	30,660	85,662	495,518	928,814
Expended in year			(320,752)	(19,961)	(86,681)	(501,420)	(928,814)
Gross transfers	between	funds	3,778	(10,699)	1,019	5,902
Balance at 31	August 2021

ESTRICTED FUNDS FROM DONATIONS —E	AST CLEVELAND FUND
	2021	2020
	8
Balance at 31 August 2020	728,574	435,309
Received in year	525,000	525,109
Expended in year	(334,585)	(231,844)
Balance at 31August 2021	918,989	728,574

RECONCILIATIO	N OFNET I	NCOME TO NET CASH	FLOW FROM OPERATING	ACTIVITIE
			2021	2020
Net income for year Add back depreciation oftangible (Increase)/Decrease in debtors Increase/(Decrease) in creditors		fixed assets	269,381 42,504 (57,828) 15,366	395,455 42,487 55,995 (166,461)
Net cash flow from	operating activities		269,423	327,476