## ## ## |||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|Restricted|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|ORS: AMOUNTS FA|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|