REGIsfERED CX)MPANY NUMBER: 04012682 (EnglA￿d and Wiles) REGISTERED CHARITY NU[￿BER. 1081948 Report orth¢ Trus¢e*s *Nd A￿dited Fknatt¢l￿ St*tements for the Perlod l July 2020 to 31 AW 2021 THE ALBION FOUNDATION Haints Watts Worcemer Audit Limited FI￿ FI¢x Saggar Hwse Princes Drive WRI 2PG THE ALBION FOUNDATION Contents of tlle Fmancial StateJDtDts for tbe period l July 2020 to 31 Ay5t 2021 Page Reference and AdJniui5trative Det¥i1s Report of the Tn 2 10 10 Report of the IDdep¢ndtttt Atsditm 11 to 13 s￿teD￿nt of TrlnaDci*l Aelivities 14 Balance Slwet 15 C45h Floiv St¥teTh¢Jrt 16 Notes to the Cash TrIoY4 St*teThnt 17 Not¢$ to the StatsttKDts 18 to 29 THE AtBION FOUWDATION Reference and Admlthlstr*tivt Det*Us foT the Peri￿J A July 2020 to31 AugD5t 2021 TRUSTEES B Szrettr P Burns N Ri¢hwds J Orton H Patel J Carrington S Topjxr M Milrs J Verri R Stevetls COMPANY SECRETARY R L4ke KEY MANAGEME￿ PEK8ONNEL S Aujla P Glover H James R tAke A Pinthcr J Ward REGisfERED OFFICE The Albion Fwndation Ford Stre Smethwick Wtst Mid]onds B67 7QY REGISTERED COMPAf4Y NUMBER 04012682 (Fngland and Wales) REGISTERED CHARrrY NUMBER 1081948 AUDTTORS Hoines Watt5 Wor1%5ter Audit Limited First FIMr Saggar Hw5e WRI 2PG Pa8e I THE ALBION FOUNDATION Report of tbe Trustee5 for tbe ppriod l July 2020 to 31 August 2021 The trustces who are 8150 dircctors of the clwity for the Pulp￿ of the Companics Act 200& present their report with the financial statrmenls of the charity for the puicxl l July 2020 10 31 Au8LLSL 2021. The trustees have adopted the PTOViSiOttS of Accounting and R¢poTting by Ch4Titl￿'. stst¢ll)f￿I of Recomm￿ded Practicc applicable to Chariti￿ preparing their accounts in accordallc¢ wiitl thc Financial Reporting Star￿ard applicable in the UK and Rq)ublit of Ireland (FRS 1021 leffeciive l January 2019). Trustees of the ChaTIty The directors of the tharitsble compatty are its trusttts for of ¢hatity1ow. Th¢ tru5t¢¢s who 5¢rvryJ duriDg the period and since the PLTiod cnduwe as follow5.' P Burns J Carrington L Cooper P Gill N Johal XKe M Miles J Orton H Patel N RichanL8 M Svain B s￿et S Topper J Verrier R Stevens - appointed * j￿y2020 - resignul ￿ June 2021 - resigned ￿ Jllly2020 - resi￿ed 30° Jutte 2021 - appointed 1° 2￿2] - appointed ￿ July2020 - appointed * July 2020 appoinicd 8° July2020 - re&￿ed 22" Oetokn 2020 - awointed IX Ocidjer 2021 - awointed 12" Marth 2021 Objective$ 2nd AttiMtle$ Th¢ rlwitabl¢ ¢omp3nl5 obj¢rfiv¢s ¥ 5a Out in th¢ Memuandum of A$s￿lati￿ ar<- To promote COMtn￿llty ptheipation th healthy retreaticm bywivrditi8 facihties for tb¢ playtng of asso¢taiion footb311 and othff 5p(Yls capable of iTnproving h¢aJth. To provide and a&sist in wthidin8 facililias for stMxL Meat1(￿ ￿ other leisure time (mipaticrt) of such ptrsons who have need for such fgcilities byrca50n of their }￿llth. ag4 infirmity ¢x dis&blemeThL financial hardship, poverty or social and ecottomtc circumstances or the ]xJblic at large in the itirertsi of s￿la] welfare and with the objett of Improving tbeir conditions of life. To re]i¢ve sickness and to prc%rve and promote rknysical and mflltal bcalth through healthy rccr¢ation and such charitable m&qtts as the Trnsttts think fit. To adv3nc¢ the education (incli￿l￿g acad￿[¢. soci3] and physira] ducationl ofchildraj and Oth￿ wson5 thTough su¢h eharilable means as the Trustets think fit. For th¢ g¢nual PUTposes of such ¢h*itsble ￿1¢$ or for (ther vx¢lusively charitsble p￿￿¢$ Tn each case as the Trusiec5 may from time io time decide. Publle Benefit The AlbioD Found&tion's "VISIONI ' is to (trate "A Prn￿d Ajbloh Fatt￿y. Engage¢ Jusptred A¢hlevlthg It'$ PotetsdaL" Ollr"WHYIt j5"We care about a dlfferethcL" We cmploy 54 full-tilne and 56 part-tinx stsffwho livc by"OUR VALUES" Page 2 THE ALBION FOIJNDATION Rtyort of the Tru5tee5 for the period l July 2020 to 31 Aupt 2021 OBJECTIVES Af4D AcfivITIES We Alwgys: Show Integrlty * Go Above ¥nd Beyond * Find * Better Way ' ID5pire to Athieve cO￿d P*Ddemit A report tovering 202￿2021 continues to be heavily itlfluenced by the GloFAI Covid Pandemic, whose impart munt The Albi¢Jn F￿idation ITAF) had to reinvent itself and al￿e we a¢kliD8 value and cotwilemeniiti8 the 10¢81 Covid i¢sponse. Thi5 report will bigbiight how we did this. Click here to link to our Covid Im ttRe 2020 Progress in 2•20- 2021 Our Visi￿], pwpose and St￿￿¢ six Pjllars ts Prow Temiin intart dwit¢ thi5 t¥Jtxdent Below is a swnmary of progress in th¢ six pillar& PEOPLE- Olle C￿tllre. ODe Te*m- Iveareone T¢ur ORe TAF'S greatesl asset is the sPJff and thf¥efwe the ￿lI￿e of the FINJDdatioD 15 key. We Continue to strive towards the goal of T￿ling rn¢ culture and IY£e it4m. We ¢elebraie staff wÉtb our Values Awryrds thrcc limc% a )rar wtere rtaff caD ncminate a w- this is an swv￿lty 10 5cek out great wry>rk 8nd positive E¢havi￿)r. We a]so have Friday FetdbAck whTth rwists weekly achicvemcnts. We hkvc d¢vrlopcd a'ffiJttw¢ leaders- rffogramme that f￿￿eS on develryiTJ8 all sttff with line Jtwg•ncnt rwsibility, so they are improving their lead£￿￿1p skills atsd there ore ¢￿sISt￿L tran5POTht mcssagcs to all thff re8thn8 ￿lu¢S and ew14tions, but also to cnsure are SUPPL￿1￿￿ the￿I1-beIng0[￿ PROMOTION- Simplify Our message-P￿￿e We have r¢$tru¢U￿ed the 5aLi(r lethrthip team in line with simplifyng rAf offer. Thi$ h¥ happth¢d 01 a pivotal Tnomffjt for The Alb]￿ Foundation. We opened the Re815 A¢ademy tn JuDe 2020- all iDdwdent sch￿1 ffx ¢hilLtre¥L with iKhavÉoural issues in mainstream education. West Bromwich Alb1(￿ Fixrtbail Cknb Womcn stand-airne <￿tity with Dave IAwTtllce movin8 from the Foundation ¢0 take ￿ th¢ role of Dir¢dor of W0￿¢￿'S F￿1￿411. This enabled TAF to change our d•ats in line with LW key focus are45 of Well&in8. Beha*iour Ch8ttg¢ and A¢tive Life5ty1¢5, SUPPOrted by BuShDess Owation Te4ThL 0￿.wBA One OffeT" dcyeloprd for our primary Sch￿I.S program￿ is now bttng exttyd&l a(xoss all delivuy areas to Ensure we combitte the divcrsc skills of our stsff a¢woss TAF. Page 3 THE AIJIOIY FOUNDATION for the period l July 2020 to31 Ayt 2021 OBJECTIV£S AND AcfIviTILS Ple#se #e the link below for A 51wt vlde• whlth glvts ￿ 0￿rvIeW of The AlbloD Fowidatio Cllck here to Vie￿ our OVERVIEW VIDEO PLACE- a Home- Together ID * Home that •re Proud of Our 8mbiti(m 1$ fw TAF to have 8-H£￿e- FO)vidiD8 an aspiralional FAse there tan d¢liw (rtw key focus ar￿ of work. A platt all ¢an be tO8ether as and serve thrcommwiiry. W¢ were su¢t&ssthl in #ppl)ryng for Governm￿t Town Fund within Smdhwiek vAxi¢h ￿ Oim ¢0 matd) fi￿d with Premier League and F￿tball Foundation fiJndinE and Albion FoLmdatim Capitht JDVCSIN￿llI fuDds. The aim is to Ix]ild a new site The Rw's Academy. (Atr indwdellt sthwl ftrFrun8rychilitreJ. an office bas4 8 3G pitch with changing y￿)M$. Unfortunately. due to i&8lles with the ]d￿tifi￿ 1rt8tiffi for this woicct we have to lrt at alternarives ￿tch ]wv¢ meant certain c(%llpromises ￿ the wi￿nI1 pl￿. How¢vff. w¢ pre ciKkfident that 202J-2022 wryll see a revisal proje¢t tome to fruition. PROJEcfs-B¢ Our Best *nd Prove it-F￿¥S*4 dotiBril1irtMdyJmdPro￿1É W¢ had identified a key area for imwov•nent 15 wr data ￿ptUre aDd rne4surmg the Impact of ￿81 we do. We are a delivery-fotwai organi5atiaJ with a passion f¢x tnaking a differentt on the How¢vcr, hud n¢gle£td the need to ¢apture thi5 toprove wr wth. W¢ have made gwd wogrc5s in thi5 arca and our Covid Inyct RetNYt is all Èxcell￿1 ¢xample of pr￿esses. We have ]￿ett str￿8 though to r¢vicw (xw ambitious g(*1 sd within the Strategy and rttnov¢ this as it tttame Clear thi5 wa5 not moiiv3¢Èng stsff ￿ adding value to vision. We have intr4yJuccd a ncw pfffornwice maDagemoK rK(*tss (OKR'S - Obiettives and Kry Rcsults). This wd5 initially for Seni l¢adcrship and h&$ now been extaId￿ to all s¢aff. The 5y51an enab1¢5 US to track pr￿￿ quar(erly on the mott importartt objectives. Thi5 ha5 given u5 grfatff clarity and roc￿ and redll￿ aMbi8￿tyTegarding li Jlso giv￿ u5 transparency, aecountabilityand promotes greater col]aiwatim. FKUS Areas - We will ￿e the pov4er of WBA FC to deliver txcellenre in three kry fo¢￿ areas WellbtlD& Behavlour Chxrtge Adive L4fe5Wes-W- B- A The quote below entapsulxt¢s ￿ we try to athitve: .1 wowld lilre lo slort by soykng a huge for ihe 5eFvicu offer lo youwz children Ntyrh le&rfviwg ehullrnges diJTicul¢ies in uKdersr4Yxdi*x oTrdqpplic4li014 ovdby I￿S isMe4w the hidden diMbi1￿ of ih*r hjy Oper ih¢ 9 months my son hds Iwd the opportunity iop*rt1thp￿¢ in MHhi-sports oclivtties holidAy clubs And bmili such * gre￿ ￿l￿.￿n*￿IF with yoy￿e1￿ highly knowledge4ble. rtNdmostfneAdty The hAve sh•wK love, rnre ihepostiive of thi4 ts th•t my ¢hildrtn wonl lo Nyekly th￿1￿. ihry boMI 4YMdeMjoy béin8PUrt ofthufmil Your leAm mAde usfttl welcomed t7Rdmo& import• thry h4vve molwwlednty children ro rtolly develop new skills tn sport4 Kewfriend5 leArnt transieroble behIn¥o*￿ ikni help in like School. home, Pagc 4 THE AItsION FOiJNDATION Report of the Tru5tee5 for tbe puiod l July 2020 to JI Aiigwt 2021 OBJECTIVES AND AcfIvITIES The sports sessions ore w inspir￿1￿￿0( #xdltsmpletrsediH the thtst 17Md delI￿d￿nd how rflevvRt this is foyounxchildreK who Reedthe lldtsliionlllsupport I iwtrodmctd th WBA by ofir¢nd SOR oV¢Ad5 h•s bt¢Jrwrf ofihe 1P3Afa￿1Iyf0r over 3yeorSp ￿nds¢¢Ing ilw¢ boy develop into & hi8hty iuleHrfedyoung indrvidul eK¢¢*urngedmets briKgmy IHvns ondseei4yg how ihey ¢7pply ihe le4rni skills iKt4p iheiT norniol dtTy to day life is beyond word4 lrnly ihonkfulfor rhis proiecrfjournéyyou worked pnimole& I been very lucky to have néjv cooeha evtn senior tsnd there is &0 positive eherzv* t• hllvethue chtldrrlt disqb11￿Ie4 (>fp4rfldp Well-belttg- O¥r 15 lo enco¥rnge reNIi¢Truppos*ive thiRkwRgTr *wdmind-se£ Wc dcliver physical activity. rneDtal well-bein& KKial cvrKfftuniiie4 &)d a pathway to play spttr f(￿ those with th"sabililies at)d learning difficulties. We work iti spectal sch(M)Is and college4 SEN group5 within JnJtn5tream and 5jgnpost to our centr¢'5 caTnps Ond t¢aTn& Ow Pla￿r5 get to rcprescnt WBA FC in Blin¢1 Arnputffj Cerebr81 Palsy. PAN adult and junior and PDwerchair football both regionally. natirAJally. and internationally. We ddiver targeted Wd1.￿]ng progran￿¢S for adults to imFTOVe all aspccts of health alhd w¢xk with older peoplc to reduce lonelin￿. isolatio￿ suppm specifieally th(tse with de￿￿11& "They oIfer stsch omaungn7Rge ofbespoke ocliiytiufor ouryoungpeoplL 3150. Éhrough ihe whole oflockdowv, Ihey h￿ve supported ourf4milies wi¢hfoodpa¢koge4 W￿¢￿ been A lifeknnefor ouryoumg pe(sple. We womld have been reully lost wilhoutlhem. so ii's$re￿ ihey come b&ck- Catherine Pitt, SEN Teath¢r H#[nill￿ sthL￿1 "It Was ihe best decision olmy ev 4ndjoiKing the Kro*rn 7he h•rkn b*t btHI Ohe slep llr a i?me, omt day Dionne, Fil Ba88i¢5 participant Behaviour Change- Our aim i5 to UDravel the compl￿1¢it$ of]if4 understand and unearth the poteDtlal to make a posltlve behaYi•yx ¢bxuge Our flagship Regis Academy an SDdependellt sd1￿1 f￿ djildrfn who are rn the verge of exdusion from matnstream ￿￿001 is ar the centre of our E*haviour cban8e offer. We dclivtr Premxer LEague Inspirts whtte we target Nthttable ebildren to improve cottfiden¢< aspiratim& and 3¢lainment. We have a Sp￿]fiC focus on working with and mentOTing chilthen in the care 5y5wn and those most ai risk ro violent crime, gangs, and cxploitation. Our Nation31 Citiz¢n S￿Vice progra￿ offers schix)I luv¢rs a life skÉlls cwitllce li]Jked io acti￿ alld development. "Stnte belllg ¢Ti ihe Rqis A¢4demy I have Holicedo hig chonge, he is hoppJ• eonÉen144rydcolvN, he is conlrollipg his 4nger, hos respeetfor Ihe is better, Ihe htyvt bttn i&rfAUy ihem fvm thé bott￿￿ of heort" Pagc 5 THE AtBION FOUNDATION Report of the Trustee5 for the ptrlod l July 2020 to 31 Aiigust 2021 OBJEcfIvES AND AcfiviTIFS Parent of Regis Acadany Pupil "The Jvork with Ethdn hrts trytoved his behovioMr dl 4nd red#ced tht li*Élihood of xg look￿¥ for allernative provisionfor him ￿ ht iscukyevify in Aposilive way." Assi5taut Hcad- Bradas Lodgc Active Iifestyles- Omraim is toprom0itArtivt￿J¢AyItS a love ofsport We (leliver high Quality PE and Sport with ollr Premiet i£we Primary StaTS schwls prognmme introdlltirt8 thilthert to inspiiin8 coaches. We use the power of the WBA FC hdgc io engage thcm in litcracy. num¢rdCy and PHSE and 5ignp05t to after school clubs and then Comm￿lty0ffU. Pr¢mitt tE48ue Kicks de]ivers free footb311 in the mosi depnved areas and idetLtified anti-social Ixhavior hotspots. This diverse offer covers 8-t0 18-ycar-ol(L kny5, girls. disability 5PEcÈfic and b05kthlS. Further Opp0t￿Mity and perfornwice developmenl 15 fouDd with pla)u development ctlltres. holiday camp5. juni￿ Premier Ltague Te#tn& n&tii)nal and regi(￿￿7 iwketball ttATns. For $¢h￿)I leaV￿S we provide FixMba]l and Biet College pro8tsme and a sports dew prograrnme. "Through thef*7KtQ51ic tru¢hiKg? Poppy ho$ Mt7rÈ confideKte IR htr1tudtrn￿P She is willyng io ￿ è tets léthr the tohfidence to smcctsrfulltttdér lookn like. She is dso more confiden¢ tv ch&lleh£e other p¥pi1s' Ihomghts ond ideos IJJ a co¥rfeo¥smfjRner." Sophie Va￿￿-Teach￿- SL Richard's First Sth(K)I "rhe children reallyenioy thele&fOn4 Il*Jtaffare4lwAysr¢ally erth¥J¥451i¢pprofe55iov414p￿thf1¢ssO￿S 4Tre alw4yseng4givg f•r oiir children." Carri5 Egan. PE CfrOrdin8tor- King51ands PriTnorySthwl PARTNERSHIPS- One Fa)￿ly- VdMtdthdIftts8MIP*rfoltht We identified a greattT ne￿ for developing ixtter str&trgic (Vffitional rc]ati¢Jnthips in ow (x)mTnunity and with West Bromwieh Albion F￿tball Club. We have strengthened our tortherships during Covid - our rdarionship with Ix)th 5[a￿tOry and volutktary organisations have improved, however we still need to work hard at eJisiirin8 do not deliver certain areas ill Isolau￿1. POUNDS & PENCE- Contrd OUT DtMiuy- 114ble rex4rdl¢&F hoppeJJs the Ptrck We have agatti expttiettc￿ the highs and lows of a&sctiation attd fjmding jnwlicaiic￿S of the league sranjs of West BrOm￿rych Albion Football Club. In the reporting rKiod the club ￿Tre promoted bjck to th¢ Pranier League and thcn relegatcd. Thi5 ha5 seen our Premier t*a￿e fiJndin8 inerease and sllbsequenily reduce re8ardless ofour puforniance. We continue to improve and diversify our income sreatts. We have set aD aMbiti￿JS tsrget to reduce the over&]1 p¢rcenlage reli•JLC¢ on Prcmicr League fjJtLding ovcr theDext thrff )rar5. Page 6 THE AtBION FOUNDATION Report ofthe Tr￿￿te¢S ror tbe p¢riod l Juty 2020 to 31 August 2021 OBJEcfivES AND ACIIVITIL8 All the Pjllars of PrO￿e$S eontribule to this 8crf&I= a motivaied and high-quality stsff with a strujg culture bEttcr connection with our co]nm￿lty through our mf55agiDg a new faetlityproviditig injproved data capluTe attd impad me&surts better relati£￿ShIpS with all 5trdtegic parth¢rs eater ability *Jd capactty to C2Pture and defjn¢ the differen¢¢ we tOOllra¢t futther fuDds. c1￿1r of Tr￿lt'S clo￿￿8 l aTn hm(rt]r¢d to be the a]air of TAF, I coutinue to ll]atv¢l ai the reath and impacl of the Foundatiiyj's work. 2020-2021 has seen the Foundatio# contirtue to step up during cxtrJ(Tdinary Circu￿St￿)r¢S to wovid¢ mucb needed support to the ILUI community and th¢ Covid rwonsc. l am so woud of how tveryL￿¢ at the Fo￿datiOn h&srisu) to this chall￿ge. l tym delightd how we ha￿ trten able to transiti￿] back to full delivcrywhilst adapting th¢ initiatives that had such impact during the lockdow￿ mimths io c(xnplemenr and provide a more TO￿)ded community offer. Despite the challthges, It has been anoth excellent year of 2Dd developtnenl. We continue to Stiive to move from Th)d to Great- and I have s¢eD significant progress in key areas thai required improvement. I would like to thi5 Qyport￿1ty to thjnk all our ptha5. 5VLKLS(Ys frustee5. voluntecrs and 8Th extra spccial thanks to Rob take atsd the team of staff for their outstanditig contr51Hth"on once agai Fwidrai8ing The Albion Foundation's He&d of Events attd Funtsising oversees all fimdraising dir¢rtto tbe public. We are fjjlly compliant the Prenjier tAgue's Capability Stams Audit whith covers fmance. fundraising aDd goven]ance amfn8S¢ (Kher set £titeria. In this financial Y￿ the fimdraising op￿)￿ltiCS wrrc limited du¢ to the ongoing Covid restridi￿S and staff wttc re-dq)lOY￿ to support ourresponse. This limited to 2 Tr1M￿l alld2 acthJaL8 in fllnts.sths ottd or events. The Albiot) Foundati(rt) is norre8ulat&1 by at)yother fimdtai$ing styldards (Y schemes. The Albion Foundation cnsurcs all fi￿dra1$illg 15 moniiorcd and follow5 (xr RDt¢rnal ￿)licY covcring exP￿ted staDdards. We collate attd maititain dala on ail fjjtthisers associated wKth the ckn*ity. The Albion Foundation has received zero eomplatThts in this ￿8￿Cial year re8ardti)g furJdraisin8 activity. The Albion Foundati￿ follow5 stsict GDPR S￿DdardS and ￿Otccts the rAivacyof all particitAnts and dono P]aDs for Future Periods The Albson Foundation sees 2021-2022 as a year of consolidati(m and r￿Very followin8 the global partdemic. We recognise we have not been fi]Ily epeFatirna] for the best part of 2 yeais. The TEturn will bB challfflgiDg for staff and th¢ community 9nd thcre will bc an fflgoing fluctuating and t¢Jugh econornic climat& The Albion Foundati(YJ CLYLtinue5 to strive towdrds ow visi¢Jn of# "Promd Alblon Fawlly, Engagrf In$plred and Aehkv5tyg Its Pottllthl" Pagr 7 THE ALBION FOUNDATION Report of tbt Trustees for tht period l July 2020 to 31 August 2021 OBJECTIVES AND AcfiviTIES Our six Pillar5 of Progr￿ ha￿ withsrcKMI the chajlenges of the ]a5t 2 )tArs and strive to med the Key Tewlts of these tsbjetlives. PEOPLE-On¢ Cu]tur4 Ont TeAm- We Are One TeA•J One Cmltstre Embedding values. slandards and iTWtng ￿tI1-1￿1￿8 of staff thr￿g￿ improv￿￿ wJ5iStent, Attd transparerlt people PROMOTIOF4- Simplify OUT Me&sage-Péoplt KNOWAbo￿ gel Embedding technology wth traditio1￿] comm￿le2u0nS to ensure ¢JJr T¥)CS5ag¢ is heard by a wsder diver￿ audifflce and is Unde￿(￿>1 PLACE- Flnd a Home-Togetber in * that Y4e are Proud of Complde our aTnbiti(AX to creats aDCW FouTMlatioD home with ititre&sed ￿UC2ti0nal sp￿tIng (acili(tes PROJEUIS- Be Our Bth #nd Prove It-Foctsse< do iiBrwlb4Mdy andPro EstablÉsh th¢ Regis Academy supported bya Second￿ 5¢hool Behaviour Change One Offer Establish our Adult Weighi ManageTncnt. Mrntal Health and older p￿son offer to t4)tnplemegJt our established disability offer withtn Well-kitig Rdurn and stability of our Athive LifeAyle offcr aDd plJy¢r pathway - eDsllri￿ PL Primory Stsr$ Kitks are complementary PARIT4EKSHIPS- One FaJDiiy- Y•ll￿d￿n￿1￿1¢8ThIP￿ ofihe Focused ett8agementaDd parts1￿1p d¢velq>tnent in key lttatirms and diverse commwiities POUNDS & PENCE- Control our D¢stitiy- Fwe ofwh& thtPitch Manage the Ir￿ of Premicr League futbding and prepare frff furtha dccrcasing fllnd8 22-23 with more div￿ fLmding 5tr¢aTJ]S Th¢ Albion Foujjdation Board of Trustcts rtgulzrty rniew the strdtegy attd cballcnge the airns and objertives at bt*rd mecting8. Tnjstees are more ￿veSted and involved in the cbarity that at any previous time. They ha￿ been fftregral ill developing th¢ strategy and T￿ognIs1￿8 the need to buJ]d reserves to inv¢# 1o¢k itito a c4pittl develqjment link¢d to the frtus offer of Well-being. Behawour Change & Aaive Lifes￿¢5. STIIATEGIC REPORT Fiuanti*l Revlew The ovuall posltion for The Albion F￿]lldatiOn for the puifyl is a deficit of £15.050 {202tr. sityplus £14,369), with rcscrve5 of £864.835 {2020.. £879,885). Income from charitablc activities has ittcre&8ed by 5% to £2.401.178 {2020: £2379.449). Expcnditurc on charitable adiviti&% has incre&sed by 54/0 10 £2.571.73812020.. £2.443232}_ Reserves Poli A charity'5 free reKrv¢5 ar¢ its geJ]era] unrestricted fft]nds 1￿clUding any element represented by fixed wets) less any ￿ndS w￿l¢h have been desi8tJated for specific fuDJr¢ projeth$ by the TnLStets. The tIAaJ of frc¢ r¢s¢rv¢s at the period end was £328,127 (2020.. £295.7141. The Albion Foundatiott have an agreed rcs¢rv¢5 ￿11¢Y of holding re5ervcs to cover the ctht$ of staff not paid for through fimd¢d proj¢Os for a 6 month peri￿. This figwe is calculated to ￿ £310.IMM). At the pcriiKI tnd the tharity had thtsl reservcs of £864.835 comprtsing a restricted capitsl reserve of £51K>.¢HKI and a general reserve of £364.835. Scc note 18 in the notes (o the financial Matemfnts for d¢tsils on the fimd ac￿unting. Page 8 THE AIMION FOUNDATION Report of the TnLrtees for the period l July 2020 to 31 Aiigust 2021 STRUCTURE, GOVERNANCE AND MAJ4AGEMENT Governing Document The or8anisation is a eharitable company. limited by Bua￿tte andhavin8 no share capiral. The charitable company Vd5 incorporated 12 June 20￿ and was rwstued as a charity on 9 Allgllst 21>00. The charitable ¢omp3ny was ¢stablish¢d undu a Memtyatsdum of A$50tiatiQll whidb e*abli5hol its obj¢cts and powff5, Hnd it is governed ulldtt its knicles of Asstriation, which amaxded by special resoltstion ￿ 2 Jurk¢ 2(W. kn the eveDi ofthc company being wound up members aJ¢ requir￿ to contribute an aTnouTht not ¢xce¢ding£l. ReeruitmenL Appointment and Training of Directors aDd Tr&rfee5 The trustets, of whom ihLYe rnu5t trK a minimwn of ihree, arc appointed by thc memF*rs. When a vacancy arises the Board aciively 5%ks applications and Ètitetviews suitable canth"dates. They look for tandsdates WILQ will fit Crit￿18 s¢¢ out in th¢ Foundation's attendance and trustee chartcr. The Board has the auth￿Lty to fill any L¥sual va￿nCy ari51ng during the p￿(x]. A review of recrnilment of In￿¢¢$ from thc ycar ha5 ireD iMpleM￿rt￿ and is working well. An audit of the work ndertaken by the Board will eontinue io tske place pwAthlically throughoui the coming Jtar. Organi5atiDn of the Board The board meets on a regular basis. Th¢ directper, Martin Swain, Rieh Stevens and Xu Ke were employees of the Fwtlmll Club duringthe pujod. TRUSTEES. RESPONSIBILITY STATEMENT The trustee5 (who arc also the dtrectOf5 of The Albion F(Rmdati(NJ fv the pwpo5e5 of rompany law) ar¢ rw5ibl¢ for prewing the Rcport of the Tru5tces and the finwjcial sraiem￿ts in aLxordance with applicable law and unit￿ Kingdom Accounting Siandatds IU#ited KiDgdom GenernllyAccepied Accouoting Prac(i¢e). Company law requires the t￿￿e¢S to prq)ar¢ fin￿rial stat¢TneDts for eadj fiDancial year which give a Inje and fair view of the state of affairs of the charitable c(ftnpatty *)d of the incoming resources and applicaiith of resoutces, intluding the in¢ome and ¢nditur¢. of the tharitsbl¢ COTnpany ts that p¢rityl In thos¢ financia] statem￿ts. thctru&ees are required to 5¢1cct 5Uitablc ac¢ounting p)li¢i¢s and thffl applythfm C(mSi5tentJy. observe the methfr￿ and principles in the CharEty SORP. Tnake judgements and estimates that ar¢ reasonable and pru￿¢ slate whether appltcable al￿￿ts￿ting standards have tten followr( gjbject to any material deparnErts dtsclosed atsd explained ttt the finantial statements". prepare th¢ financial statfflncnts ￿ thc goiDg cLwJcern Ik%is unle55 it Is iDappropriate io rKe5ume that the charitsble company will continue in busines5. The tru51ee5 are responsible for keepiTLg propcr accounting r¢cord5 which disc105c wrth rta50nable accuraey at any time the financial positith of the ehariiable cotnpany and (o enable to tt)s￿e that the fioallcial ststemen15 ¢omply wÈth th¢ Companies Act 2006. They are also res[￿5)ble for safeguarding th¢ a&sets ofthe charittble compaDy aDd heLce for taking reasonablc sicps for the preventith and detection of fraud and other irreglliariti ltt so far as the trustees are aware: there is no relevant audit inforniation of wthieh the charitsble companys auditors are unaware: and the tru5t¢¢$ have takth all step5 that thry ought io ha￿ takth to make theTns¢lv¢s Jware of 8Dy relevant audit information and lo establish thai the aUdIt￿S are aware of that mf0m￿ll0n. Page 9 THE ALBION FOUNDATION Reptbrt of the Trll5tees for the period l July 2020 to 31 AIwL*t 2￿21 A[￿lToRs The a￿litlY5. Haines Watts WIKL%strs Audit Limitrf will be pr{p)￿j fr￿ the re-4)p)inttnart & the forthccming Atjnual Gcneraj Meetin Report of the trust￿. inc(YExKating a strate8ic rewL apwjved by trder of the EK*rd oftrust¢4 as tht company director4 on ..Tr.l.-..C..i.-.2L 22 and on the bwif5 E¢haifby. J ve￿ier- TnL8tee Page 10 Report of the Illdepelldent Auditors to tbt Mertbbers Of The Albion Found%tioD Opinio We ha￿ audited the financial staicments of The Albion Foundation (the 'cbatitable ¢ompallll for the peTiod ended 31 Allgust 2021 which co￿p[l$e th¢ StaleTDeni Of Fin0ncK#l Artivitie5. thc Balance Sh￿l the Cash Flow St£iement and notes to the finonGial s¢atan¢nts. including a sumnwy of sigrLific4ni attounting policits. The fi#antial reporting framework thai has been applied in their prep3TthOtt is applicable law aud UDi*d King(k)m AccTr]nting Stsndatds (United Kingdorn G¢neJally Accepted Actounting Prattice). In i)llr Opini￿ the fitsancihl *al¢m￿¢s. give a tru¢ and fair view of the state of the clwitable compwnYs affakrs as at 31 August 2021 aDd o(its iDcoming r¢S￿ree5 and application of r&sources. includmg its Incon￿ and expts)diiwE, for the Peti￿ thth cDded," have been properly prq>ared in 8crord8n¢¢ with Unitd Kingdom G¢nffally A￿￿trted AccountiE)g Practice. and ILav¢ b¢¢n pr¢pared in accordance witb the requirem&)ts of the Compmts Act 21Xkn. Basi5 for OPIIIIOII Wc conducted our audit in accwdance with Jniernational Standards A￿111]￿8 IUK) (ISAS (UK)) ajjd appli¢abl¢ law. OUT respottsibilities ullder those $iandards are fiuther d¢scribd in the Auditor5, resyonsibilitic5 for the audit of the financial mtemLyJts sectlOD of our report. We arc independeni of the charitable compatty ]n a¢￿a*￿te with tbe ethi¢al requu¢ments that are rel¢vant io our audit of the fjJ)an¢i#l sts1oueu15 in the UK indudlljg the FRCS Ethical Stsndar& and we hav¢ fulfilled our other ethical responsibilitics in aCC￿danCe wÉth these rwJirement& We Fdieve thai the auth"t evidence ￿ have o1rta1rt￿ i$ sufficient and appTOPriate to provide a basis for our opini￿. Conclusions relatiDg to going toneeyn In auditing the financial statements. we have tr￿¢1¥￿1 that the tr￿•¢£$. ￿¢ oc the 80iti8 ¢Oll¢fflL basis of acc(￿￿ting in the preparation of fthallcial 5tst¢tnaJts 15 3ppr(wiat¢. Bascd on the work we have ptrfomie¢L we have idthtifitAI any Tnatuia] utLcertaiDtie5 relating to events or eoDditions that. indiMdua]ly or collectively, may cast signifieant duJlM the elwitable compangs ab]"lity to cthtinue as a going eoncern for a periLxI of at least twelve mwth$ from Wh￿ th¢ fin•U¢l￿ sw4n¢nts are Auth(￿5￿ fly TS5UC. However. not all futtue eves)ts or eondiuons can be predicted. The COVID-19 vital F￿d￿niC Is ODe of the tnost Significant onomit event5 for the UK with WIFY￿ented Icvels of uncertaitlty of ourcom¢s. It is tbercfore difficult to evaluaie all of the potentl21 ]mpliGatiolls on the entitys act]￿tte5. fiuLder4 sjpplicrs and Wid￿ economy. Thc Trustccs, view OD thc inwaci of COVID-19 is di5cliwJ in the Rgxxr of the TnLStees and in the Accou￿￿8 Pohties N(rt& Our T¢spoll5ibilitie5 and the r￿￿￿￿11t1&s of the IT￿￿etS with resp￿￿ to 80in8 crncern are descriW in the relevattt $￿tiOnS of this reporL Other iTtfom*tion The trust¢¢s are r¢spoDsible for the othcr inf￿￿&ll¢￿. The other infrrnatl￿ comprjses the illforn)ati￿ included tbe Annual RcporL other thatt the fitsaocial statem￿ts aod RqKYt of the Indepotht A￿111￿$ ther￿. Our opinion on thc financial statemthts does not eover the othet ￿formati1)ll an¢ except to the exttht othfThvisr explicitly 5tatd in our report, wc do not express any forni of assllt8ZJtt cthxtI￿l0ll In connection with our audtt of the r]nattcial sraiement4 ollr resprn$ibiliry is 10 read the other infomtttion in doing so. tonsider whdher the other infornJation 15 Inataially ]Dc￿5]stent with the financial statemeDI5 rff our knowledge obtained in the audit or otherwise appears to maitsially miwated. If we idthtify su¢h m*erio1 in¢onsisien¢ies or apparent mat￿lJI lll15Stalem¢tLty ￿ are requir￿ to d¢lennitL¢ whether this givfs rise to a rnat£Tial mi￿latement in the financial StateM￿t8 thcms¢lves. I( based on thc wrKk have performe¢ we conclude that thtre is a ￿at￿la] njisstttemtht of this other inforrnation, we are requiredtorrp(¥t that facL We have nothing to report in thi5 regar Pagell Re￿rt of the Independent Auditor5 to the Member5 of The A]biott FO￿thdation Opinions on other m¥tter5 prescribed by tbe COMP￿￿)eS Act 2(M)6 Jn our opinion. based otl the work undertaken in the cours¢ of the audit.. the inforn￿tII)A given in the Report of the TnLStees for the finatlcial Thhith the financial StateM￿ts are pr¢parcd is con5ill¢nt with the financial 5tatcmfflt4 the Rewt of thcTruste&s has F*en tryued in accLrdance with appjicablc IWJ r¢quircmfflt& Matt¢r$ on whi¢h wt are requlred to report by exceptloD In the light of the knowledge and uttderstattditig of the dJarithble cunpaDy and its enTriroDmeLt oFknined in the course of thc auth'L we have noi idaltified nntetia] missiat¢mthts in tbe R¢pM ofthe TnLStees. We have nothing to r9K￿ in respect of tbe followin8 E)Mttus where the C¢mpgnies Act 21K16 requires u5 to report to you if, our opinion.. adequats aeeouttttn8 recor& have not tten kept rdurns adequate fv our audit hav¢ not iren re£eifftl fr(xn br2ttdJe$ not sit¢d by us,. QT the financtal statements are not in &grcemaLt with thc accounting I¢(￿d5 and i¢twi]s' or ¢ertain disclosures of Iru*ees' rem￿tratiOn specified by law are not D￿de,. we have not received all the infOrn￿li￿ and explanatiOll5w¢ for ¥XLr 0￿j1L Responsibilitles of trusttts As explained more fiilly in the T￿￿tr5, Re5w￿s1bljities StatemthL the ts￿ste£s (￿0 are a]so the dir￿torS of the ch&rit&ble company for the pwposes of company law) are rwsible for the Fff¢ForatiOTS of the fiThwThciai statttnajts and for being gatisfi that they gi￿ a tru¢ and fair ￿¢w, and for swh irtiunal control &$ the tnjsiees d￿eM)Ine is necessary to enable the prepaJation of flnancial ststements tbal arc free frIxD matcrial mi&4alerncnL wbeth¢r due ￿ fraud IT In prepari￿ the financia] ￿￿tern￿ts. the ¢ru51tts rfspollsibl¢ h Jssessing the thatilable eompanl$ abiliiy to continue &8 a gotng ¢ontem. disclosing, as applicable. mattus related to going coneern and ￿sing the going CODcern basis of accounting the trusttts eithu intend to liquidat¢ thc tharitsblc COTnpanyty tts tease oper2ti0rt& or have no realistic a]lttnaiive bllt to do se. Our rt5poD$ibilities for tht audlt of the finAntial statements Our obj¢div¢5 3re to obtain reasonable assut2ttce alx)ut whethiy the fiDancial sts(emcDts as a whole are free from matcrial ]nisstatcmLrt. whether du¢ to fraud or LTr￿. ￿ld to i55u¢ a R¢FWt of the Indepthdent Auditors thai includes our opini￿. Reasonable aSSUTante Js ahigh level of ￿ul¥￿te. is not a guaraDte¢ that an a￿JIt conducted in accordajjce with ISAS (UK) will always detect a materia] mi55tstemfflt when it extsts. Missts¢emthts tan atise from fixud or errtr and are coThsidered material if, itidiwdu2]ly or in the aggregate. they could re4%)tkably k expected to innuence the economic dccisions of users taken on th¢ basis of th¢5¢ finonc5al statem￿t$. Irregu]￿￿tIes. including fraui are in5thts¢es of nou-¢ompli2ntt with laws and reEulati￿. We desi￿ ￿￿edUreS in line with our r&wsibilitie5, Outlined aiK)vc, (o dd¢cl ￿aterial n)i5slateEnents iti of iwlariiie& illcludmg fraud. The extent to which our pr￿edureS are capable of ddeaing ]￿egularitic￿ including fraud 15 detailexj E£low. We obtained an understanding of the legal aTwJ regulatLry fr8Thcwork oppli¢#ble to ixrth the charitable tompany itself *)d the settor in which it operates. We Identified areas of laws and rt8uiatioThs that ￿]d reasM)nably bc expected to have a material effect on the financial stsi¢menr5 from w sector exwiffice and thi￿gh 0].￿￿$$10￿ with the trustees and otheT managemettL The most Si￿]ficatI1 were identified a$ the Companies Act 2¢X16. the Charities Act 2011 and the c￿lI]eS SORP IFRS1021. Pa8e 12 Report of the Independent Auditors to the Member5 of The Albioll Foundatio Our respoD8ibilities for the audit of the fin*Dcial rtatements (contin We considtzed the exteni of con)pliance with th(M laws and teguJatioDS as part of our w(Kedures on the r¢lated financial statements. Ollr audit Pr(￿dureS included.. tnakijjg enqutries of management as to ￿ere theycM5iduthere lo k a 5USCePtibiJityto fraud and whether they have any knowledge OT sllspici￿ of frautL. obrainin8 an understaoding of the in*rnal controls esrablished to miligate risks related to fraud or non-compliance with10￿$ and i¢gulations" assessing the design effectiven￿5 of the contyols izj place to PTevent alld detect flau￿. a&sessing the risk of manageme4Jt ov¢rTide incl￿11￿￿ id¢ntifyÉDg and testing journal tlltrie challenging the 2sswnptions atsd judgeM￿ts made by ma]Jagemeni tn its Si￿lfie4￿1 atcourttin8 &Stit)Jate$. Whilst our audit did not idmtify any si8Thificant matters reiatmg to the detection of irrcgularitics incI￿]ift8 frau￿ and dc5Pite the 3udit being planned and ¢onducted in Accordxnte w]th ISA5 (UK), thete rernains att unavoidable risk that material mi$5taiements iJ] the financigl statemen18 may not FK (ktected owing to itthwcnt limiiation5 of the audir. and that by iheir very nature, any such instanees of fraud or uregblan.ty would likely involve coll￿10n. frrguy. inieDti(mal Misrepresen￿10￿4 or the override of internal controls. A fvrth￿ descriptilm of our rc5ponsibiliti¢5 for the audii of the fir5anci¥l 5tstLinaJts is t￿ted ry) the Financial Rwrttng Council's web51t¢ at Wryvw.frc.or&uklauditorsr¢sponsibiliti￿. This dcscription f￿rn5 part of our Rqjort of the Ind¢peni5¢nt AuditOT& Use of OUT report Thi5 report 15 Tnade 501¢ly to the cbarithble compan￿S tnemiKrs. as a ivjy. in accordgllcc with Chapter 3 of Part 16 of the Companies Ati 2006. (kn a￿111 work h&$ been undertaken so tb* we mtgbt state to the charitable c4xnpangs mcmbcrs thosc att¢rs we are rwuir¢d to s¢at¢ to thaD tn aD 3uditors' re[￿ and for Jjo other pwpo5e. To the fvlle5t cxtenl putnitt¢d by law, w¢ do not aecepi or assume responsibility to anY￿e other than the charitsble compaThy and the charitable companys member5 as a body, for our audit work. for this report, or for the opinions we haye fornied. Andrew Hllghes ACA (s￿1￿ StattLtory Auth"t￿) for and ￿ behalf of Haines Watts Wtyc¢5tcr Audil LiTnit Firm Floor Saggar House Princes Drive WwG¢s WRI 2PG 0310212022 Date.. Pa8e 13 THE ALBION FOUNDATION ststtth¢nt of Fjoxntl￿ ActivAtSes for the peri￿ l July 21120 to 31 August 2021 Peri(Kl 1.7.20 to 31.8.21 Total funds Year Ettded 30.6.20 Total funds Ullrestrid fjJDd Resttided fijnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 94.658 94,658 139,993 Charitable activitie5 Promsion of Training cours￿ and Othw StAxts Related Activities 1.396,811 I,(IM.367 2,401,178 2279,449 Other trading activities Inv¢5tmat itLcom¢ 62266 62266 35.000 3,159 Total .553,735 1.Tr)4,367 2,558.102 2,457,601 EXPENDITURE OPI Raising fjjnds 1.414 1.414 Charitable acti￿tIeS Provision of Training Cr4r. ACC￿{1]ngly, the finantia] ststements prepared for 14 months frorn I July 2020 to 31 2021 and as a result. the comparative figures stated in the staiesnent of financial aCt]wti￿ and the related note5 arenot comparable. Going tontern The ttwstets contitjuc to adq)t thr going concern &8SLwion as the Fffjsis of prcparation of the ¢haritls fittanci21 st?tements. In doing so. tbe tswstees confirm they b¢li¢v¢ th3t no Djatetial ulltertaitities exist in the foreseeable futur¢ regarding tb¢ charity5 ability to continue as a gtiing concern. In forming thi's conclu5iaJ. the tru5ttts have tonsidercd the l¢v¢l of fi]niLs held attd the expected l¢v¢l of income aTKI cKpthditure for 12 njonths from the date of authori5ing these financial statemaJt& Jn rcsponse to the ongoirtg impad of the COVJD-19 pandemic. the tnJ5tt¢s have fvrthu considered their projcction5 to take into accixmt Possible 5C¢Dario% alongside the mea¥lltes thai they ¢4n thkc to mitigate th¢ iTnpa¢t. Based on these assessments. logether with the currcnl r¢sourtes availabl< the tnjstecs havc conduded that they can Conlinue io adopi the going conr¢m basis in weparillg the financial s&tcmcnts. Intome All lllcome is Tecowjiscd in the Strtem￿l of Financial Activitifs oncc the charity has ajtitlement to the fimd4 at is PTobable that the income will ￿ received and the smowjt CWL ￿ measured reliably. Unrestricted are available for at the th'strdion of the Irustees ID fi￿h(rance of the gcnernl objectives of the charity whith have iwi desi8nated LKber PWPLEe5. R¢Strid￿ funds aTe fi[[￿ which are io used in accordanc¢ with wifit iestrici1(￿S imposed by donors or which hav¢ bcen Tai5¢d by the charity for particular PwpO￿ The costs of raising and admitiistern)8 such fimds are djargcd against the S￿lfie ￿Thd. The aim and use of earh rtstricid fijnd is se¢ out in the notrs to the financiaj stot¢ments. Grattt irL￿t 15 recogDiscd at fair vJlue who) the tharity h&8 e￿IlleD￿lt aftcr any perfortnan¢¢ condi11￿$ have been met, it is PTobHbl¢ thai lh¢ iDcot)xe will received and th¢ amount rehably. Where restricted fimd inwme rclatss to future puiiyJ& this 15 iTLclud¢d in defefftd ititome. Earned income is received in cxchange for supplyin8 Strvices a5 part of thc dsaril1￿ activities attd is reco8nised wh entitlemetti has occurred. Oth¢r income reccived in the r¢lates io th¢ gY2nt inc(Ane reLe1v￿ from the C(ronavtru5 Job Rctrntim S¢heme ICJRSI and rei3t¢s to the puiod in which itwas claimuL Pa8e 18 Continued... THE AtBION FOUNDATION Notes to the TrThn*ntiai StatemeJts- contin￿ed for tbe peritMI l Jvjy 2020 t• 31 August 2021 AccouNfiNG POLICIES- ¢ontithwd ExpeDditure Liabilities 4re recognised Js expendiwre as as there is & legal ￿ constructive obligation committing th¢ C￿lty to that ¢xp¢ndifttr4 11 is probable that a tratlsfcr of c(y)nomic i*Defiis will be required iD settlement aThd the amount of the obligalion can be mtasured reliably. ExF¢ndilwt is ar￿￿]￿ted for on all accnMls basis and bas been clasgified ￿dtr headings that aggr¢83t¢ all t05t Telatcd to th¢ calegory. Whfze costs cwjnot be dvectly attributed to particular headings they have been allLUted to activitie5 ￿ a E•si$ tonsistthi with the ￿￿e of resou￿. Costs of eneratin fiulds These are c￿$t$ it)curred in attracting voluntary incLYDC, and those iDC4llred in trading ac(iTritics that raise fyrt￿. Chariiable activities Thes¢ are costs inrurr¢d io atlivitits ulldertaken to fiwthff the PWp(￿ ofthe ebatiryand their ass￿lated supwt Costs. GovernJnce costs These include the cc6ts attributsble lo the tru5Vs COTnplianc¢ with tonstitirtkonal and statUt￿Y requirements, in¢ludthg audit. strategÈc managcmajt and tru5tc¢s' medxtig and retmlxw5ed expcns¢5. I￿eCOVer&bIt VAT is dlargthl as ats expethse 28alD￿ the acltvity for whith exp￿di￿[re arose. Support c£￿ts *Iloc¥tion Support costs are thos¢ a&si5t the of the charity lytst do not direct]y rq>r¢5ellt cknaritsble activities and indude officc ￿>51S and govemanee costs. They are incuFred diredly in sllp]xyt of expenditure on the objects of the ch￿lty ond include project manag¢Tt2¢nt at HeAdquarner& Whcre supp(Yt C155ts caiinot ￿ dirtttly attributed to particular headirtgs they have been all(Kated to the cost of rdi5ing fuDds and expcnditsre OD tharitable ac¢ivities on a bAsis eonsistenl Ith the us¢ ofthe resouTtts. Taxatio The Ch￿lty is an uempt chariry wiihti) the mt4ning of ￿￿edUle 3 of the ChaTitiCS Act 2011 and is consiO¢ToJ to pas$ the tests out in Paragraph I Schedule 6 FitLante Act 2010 and therefore it meets the definition of a charitable compamy for Fund actountiDg Unrestrithed funds can k u5•J in a¢wdartce with the clwtmblc thjcctiVES at the dis¢retiry) of the trustces. Restricted fimds Thlly Et usol for particular restricted PUEFKb5es within the objects of the charity. liestrictlLKL5 ari5¢ wherj specified bythc dLfLor or ￿en fund5 areroisd for panicular restricted purp05¢5. Further exp1amati￿ of the nthtre attd purp(￿ of each fjjnd 15 Includ￿ in thenotes io the financial statemaLtS. Government grallt5 Governmefti grants are recognised using the #¢¢ruob mfylel. Grartts relatiDg to revenue at¢ re¢ognistyl in the income sthtement on a sy5t¢illatiG i*sis over the pyiod which the tharity rwoises the related costs for which the grJnts aTe intended io compcnsate. T#Dglble fixed assets Tangible fixed assets are stat￿ al c05t ((r dccmed r(ks11 or Valuatic￿ le55 accumulated d￿recIation and accumulated impairnient lo￿. Cost included dtrectly attrilmtable to making the a59et capable of (watin8 as intended. Depreciation is providvj at the following annualrales ID Lrikrio wrtte off eacb asset over its esiimated uscfid lif& Page 19 continued... THE AiBION FOUNDATION Notes to the F5llalltid Stattmthts- continued for the period l July 21120 to 31 AW 2021 ACCOUNTING POLICILS- Tangible fized ￿ets Office Equipmajt Inflatable Football Pitth & Othtt Sports Equipment Fixtur¢5 & Fitting5 Motor Vehicles Computer EqUiFxn￿I 25•A ￿ rethKiDg ithcc 21P/• Cf 25/• ffl T￿￿¢4￿g ba]on¢¢ 33Yo Futld WMCA Lottery RSBC Nail￿al Covid Fulld Premier l£agu¢ Kicks Tirne Out. Prfmiff Ixaguc Youth Investm¢nt Fund BT/PL Go Play Funded projcct5 14,993 7.051 49,233 6.428 33J33 8,199 5QOOO &333 16,966 129,572 230.419 14.993 7.051 49333 6.428 33 J33 8.199 50.000 8.333 16,966 129,572 230,419 21810 3.526 093 8.467 113,427 29,500 231,500 99,833 49,963 31.OOZ 31.002 554J27 565119 Mana emtni Fee5 Premier League Jona5 01&*￿ Foundation EFL 230,000 45,000 26 256 43.000 256 128Q688 1,083,%83 Page 22 continued... THE A[￿loN FOUNDATION Notes to the FInaDe1￿ St*teJlleDts- eontitylled for tbe period l July 2020 to 31 August 2021 COSTS OF RAJSING Fuf4DS Period Unrestrieted Restricttd 01.07.20 to fuDd$ ftyttds 31.0821 Year ETLded 30.06.20 SundTies 1.414 1,414 EXPENDITURE ON CHARITABLE ACTIVITIES Perlod Direct Support 01.07.20 to costs 31.0&21 Year Ended 30.0&20 Provisions of Training C(wses and Othty Sports Relat&1 Activities 1.98S195 58Q543 2,571738 2,443232 DIRE￿ COSTS Period 01.07.20 to 31.08.21 YeAr Ended 311.06.20 tLVE Liffstyl¢s BehaTriouT Change Disability artd Teams Wellbeing Management r￿S 825.721 438.765 710,Q68 406,107 757,163 88,000 1,961,339 620,471 100 238 1985 195 Page 23 tontinued... THE Al￿10￿ FOiJNDATION Notes to the Trln2D¢ial StatemeDts- conliDued for tht period l July 2020 to 31 Aiigitst 2021 SUPPORT COSTS Period 01.07.20 to 3J.08.21 Ye•r Ended 30.06.20 Staff eosis Furtdraising evetht ¢￿ts Staff clothing and tickets Staff training Travel wsts 329,140 IOJ68 42,666 17,410 6.689 55,964 70,234 1,789 16 39267 800 149,592 50.896 16.584 26,660 25,402 73.112 71.319 4.546 16,941 43,240 Administtarive costs Marketing and promotion Professional ftts DtpT¢cialion Governance c￿5 (note 10) 481.893 io. GOVERP4ANCE COSTS Perlod 01.07.20 to 31.0&21 Year Ended 30.06.20 Auditors remuDerati AccountaD¢y f¢es 3.960 600 4.800 ii. IYET INCOMFJ(EXPENDrruRE) Net in¢omel(expenditure) is ststed alter dwgill￿(L￿edlIiryg): Ptriod 01.07.20 to 31.0&21 Year Ellded 30.06.20 Auditors remunerati 3,960 39.269 3,000 43.240 Page 24 t￿tInued... THE ALBION FOiINDATION Notes to the Statrments- tontinued for the periLwJ l July 2020 to 31 AW 2021 12. TRUSTEES, REMUNEBATION AND BENEFTrs There were no trusttts. rtmuncr8tion or other t¢nefits for th¢ PEXI￿1 thded 31 August 2021 nor for the year ended 30 June 2020. Trustees. txpells There were no trustees, expense5 paid for the pcriLwI 31 August 2021 forthe year ellda 30 Jw)e 2tr20. 13. STAFF COSTS 2021 2020 Wa8cs saJaTi& 915.916 1.815.487 The average rnonthly nwnE¢r ofoDploye¢s during thep￿(MI &8 foll0v￿.. 2021 2020 Full time Part time 45 54 118 The of emplojtes whctt employee beThefits {excluding cmp]oy¢r P￿51( Costs) cxcecded £60.iKKI a5 folloTrE: 2021 2020 £80.001- £90.0 £90.001- £1(M).(MJ) 2021 2020 Wages and salaries Social s¢curity P•Jstott$ ,755,3l6 131293 29,307 1,663,898 118.107 1,915,916 815487 No trl￿Ce reccivcd anYTCDJ￿cratiffl ty was reiDtr￿￿ expeDses during the pzi Key managell￿nt Personnel 2021 2020 Wages and salari&s s￿la1 strurity Pensions 334.035 35,772 12.823 270.544 29,043 10,494 381630 310.081 Th¢ Charily's key managem¢Di pers[￿n￿ comprise the mallag¢nJcnl ieaTn listed on page l. Page 25 continued... THE AIBION FOUNDATION otes to tbe St*temtllts- CODtiDued for the period l July 2020 to 31 Aiwt 2021 14. TAP4CIBLE FIXED ASSETS Inflatsble FIK>tball Pitch & Other Sports Equipmcllt Offi¢¢ Equipmcnt Fixtures & Fittings COST At l July 2020 Additi*NJs 8275 Il7.163 1.668 At 31 All8￿$1 2021 8275 117,163 1,668 DEPRECIATION At l July 2020 Charge for )tdr 7.596 189 96,720 12,174 1.668 At 31 Augusi 2021 7.785 108,894 1,668 NET BOOK VALUE At 31 August 2021 490 8.269 At 30 y￿)e 2020 679 20.443 M(*or Vehicla Comput¢r EquipmuLI Totals COST At l July 2020 Additions 120.905 62,320 310.331 11.231 AI 31 Au8Wt 2021 73.551 321,562 DEPRECIATION Al l July 2020 Charge for year 87.714 19,361 51.889 7,543 245.587 39,267 31 All&￿%1 2(r21 107,075 59,432 284,854 NET BOOK VALUE At 31 August 2021 13.830 14.119 36.708 AI 30 j￿)e 2020 33.191 64.744 Page 26 ¢ontinued... THE AIJION Fouf4DATION Nrtes to the Financial Statements- contlllued for the wiod l July 2020 to 31 AW 2021 15. DEBTORS: AMOUNTS FALLING DUE wmiIN ONE YEAR 2021 2020 Trade debtors Other debtors 122,676 44.617 103,591 9,498 167,293 113,089 16. CREDITORS: AMOUf4TS FALLIP4G DUE WTfHIN ONE YEAR 2021 2020 Trade ¢zeditors Other cr¢ditor5 Deferred ineome 6.732 38.634 224,915 46.070 26,908 212,079 9.776 316.351 248.763 2021 2020 Defett￿ iJJfOULe ]DclUd￿ alN)vc comprised.. Defend tneomr Elf Resour￿ (kfeTrcd the year Amounts released from EY¢vious ycar5 212,079 159,192 146.356 270.566 212,079 270.566 Deferrd Income elf 224.915 212.079 At the balance sheet date the thaTity was holding fimds received in advance for S￿VIceS due to b¢ dclivcred after the peri<*l e¢)d and for which cntitlcment tothe income is not recei￿1 witil the is dclivffed. 17. LEASING AGREEMENTS Minimum le￿ rAiments und￿non-¢20¢e11abl¢ watiDg It05e5 fall the a5 follo￿". 2021 2020 Within one Between ojje five yeays 9.101 14,127 15,527 22.540 23.228 38,067 Page 27 continued... THE ALBION FOUNDATION Notes to tbe blDanci*l St*teThents- ¢ontiDlled for the ￿N0d J Juty 2020 ts 31 Aw5t 2021 18. FUNDS Balance IncomiDg resource5 Resourtes expended Transfers Baiante tlf UuTestri¢¢¢d fvnds G¢n¢ral fi￿d 1553.735 1553.735 1.56&7 I,S6&7 360.458 364,835 Restricted funds B￿cla￿E IOOXIOO Fuud Capital Reserve Chilth¢n Jn N*1 Dads & Daughters DCMS Loneliness Fwkd Disability Aiming High FA Girls- Centre of Excellen¢e Fit B&ggi¢s taee s￿dWell MBC Nati￿JaI Lortery Covid Fund NCS- EFL PLPFA- Adult Disability PLPFA- Well-b¢ing ptPFA Fund- Regi5 A￿demY PreTJ]ier Ltague Inspirts Premicr League Kicks Premicr Lcague Primary Stars (S0,0￿) 500,OIKI 14J93 7.051 49J33 (14.993) (7,OSiI (49.233) 7574 (7574) 30,000 492 14231 129.$72 59386 33J33 199 4<443 7A677 230,419 ISV30 {30,000) {6,492) 118,231) 1129572) (59,Z86) 133J331 (&199) (44443) (7(6771 (231L4191 (158.3301 {16.966) RSBC Short Breaks sand￿11 MBC Targeted kick5 WM Rail WMCA tthtery 11853 (11053) 157,809) (5,Otio) 33 1.004a6 33 J.W67 {19.427 51)0, TOTAL 879.885 2.55&102 2.S73.IS2 864.835 Capit#l Reserve Funding for a fatility fw the FO￿dItiOn. Pa8e 28 continued... THE ALBION FOUNDATION Notes to the Fth*nci•l StxtemeDts- ¢olltillued for the period l July 2020 eo 31 August 2021 19. RELATED PARTY DISCLOSURLS Durin8 the pericml West Bromwtch Albion Fff*tball Club the Foundati¢xh's payroll at a totsl value of £1,842,023 (2020: £1,740.736). Tht F{xmdatii￿ repay5 the Club in fv]l. During the ptricml the Fothxdation made purchases of £69.￿ {2020.. £87.4611 from and sales of £5.71012020.. £8.7061 to West BroB]wich Albion FootEa)i aub Limited At th¢p￿1(￿l end thtre were no atho￿ts due tolfrom the Football Club. Jt was reported in the relat¢d paTtydixl(wres for the 2019-2020 A]bion F(xmdati(m audited accounts that a reporting trror wa5 identified wrythin the F￿ndation accowjting 50ftwarc which l¢d io ftytsin ron5ti(u¢nt parts of the purchase figures showing cumu]ative histtrieal figures rather than annual and hence vds OV¢TStated. This crror rectified in the financial 5tat¢mfflts for the )rar cndd 30 J￿¢ 2020 with the wior year i•"n8 restaied. The AlbioD FLA￿dati￿ CLHLtacte4J the Clwity CommissioD I lth Febnw 2021 to iDfcrn them of the aFM)ve. On 18th Jullc 2021 the Charity Coromission illvestigated this firthtt. aDd The Albioll F4)undation rec¢iv¢d the followirtg reply on 2nd July 2021.. rhonkyoufor￿￿UrprOffj￿ reply ￿ myemail letter ¢rf18Jww 202J. Ih¢rve Co￿¥1de￿dihe iKfornwlion inivurrepty. th￿.. l. The PremierLeog4e also inforniedofihe fJrrountingerTOr. 2. The breokdoM* ofihg tostsper iiem lu￿hOW they ￿•￿ed1￿￿t vfjheforthe charity 3. How conflicts of iniepyst ￿Ere monuged 4. How ihÉ PU￿A￿tSfro￿ F*3A efvhance iheprOv￿IOn io the benefvarie5 thro¥gh ihe nwnber ofpmjects being ryn Ihe chllrity- Ido nolreqiiFre 0nyfyrtherinforn￿t1J￿￿ ihit ￿1￿111 be closingour cose this churity. Your$ sincerely Resulutory c￿mplI￿nee. 20. TAX STATUS The djatitsble comp3lly5 i￿￿Ine 1$ exempl fron) tsxation undu section 478 of thc Income and CLYpL￿ati￿ Taxcs Act 2010 and its charge4ble gain5 are exemrrt sCCtioD 256 of th¢TaAati￿ of Capitsl Gain$ kn 19)2. 21. COMPANY LIMrrED BY GUARANfEE Th¢ compaoy is limited by guarartiee and drts ttot have slwe capital. Each manbee5 liability is limit￿ to a maxirDur%) of £1. At 31 August 2021 there V*rre 10 (2020: 9) TnemEffs of the c(wany. 22. CONTINGENT LIABILITIES There were no conting￿1 ]iabilities as ai 31 Au8USt 2021. niy at 30 Jutle 2020. Pa8e 29