| Page | |
|---|---|
| Trustees andAdvisers**for the year ended31August2020 ** | l |
| Chairman's Statement | 2 |
| TruteesRepon for the year ended31Augut 2020 | 5 |
| StatementofResponsibilitieofthe Trustees | 13 |
| Independent Auditor'Reponto the MembersofFoundationofLight... | 14 |
| Consolidated StatementofFinancialActivitiefor the year ended31Augut 2020 (including income and | |
| expenditureaccount) | l |
| Consolidated BalanceSheetasat31 August2020 | l |
| Charity Balance Sheet asat**31 August2020 ** | 19 |
| ConsolidatedCashflowStatement for the year ended31Augut 2020 | **20 ** |
| AccountingPolicies | 21 |
| [oresto the Financial Statements for the year ended 31 August 2020 | 25 |
| Xote | Lnrestricted | Restricted | Restricted | Total funds | Totalfunds | |
|---|---|---|---|---|---|---|
| funds | funds | FixedAs et | 31August |
31August | ||
| funds | 2020 | 2019 |
||||
| £ | £ | £ | £ | £ |
||
| Income from: | ||||||
| Donations and legacie | la | 812.60 | 59.882 | 872,489 | 533.451 | |
| Charitableactivities | lb | 32.299 | 2.322.44 | 2,705.043 | 2.591.20 | |
| Other tradingactivities | le | 4 6.121 | 476,121 | _616.54- _ | ||
| Investments | 2.88 | |||||
| JobRetention GrantfromGovernment | Id |
320.932 | 320,932 | |||
| TotalIncome | 1,991,959 | 2,.322,744 | 59,882 | 4,374,585 | 3.54. 04 | |
| Expenditureon: | ||||||
| Raising funds | 2a | 59 .584 | 598.584 | 665.369 | ||
| Charitableactivitie | 2b | 1.011.943 | 2.121.300 | 50 .365 | 3,640.608 | 4.110.050 |
| TotalExpenditure | 1.610.527 | 2,121,300 | 507.365 | 4,239,192 | ||
| Xetexpenditure/income | 381,432 | 201,444 | (447,483) | 135,393 | ||
| Transfers between funds | lO | |||||
| Xet movementinfunds | 381,432 | 201.444 | (447,483) | 135,393 | (1.010. I-) |
|
| Total funds broughtforward | (186.920) | 21 | 18,308,111 | 18,121,212 | 19.141.927 | |
| Total funds carriedforward | 194,512 | 201,465 | 17,860,628 | 18,256,605 | 18.121.212 |
| ~ote | 31August | 31August | |
|---|---|---|---|
| 2020 | ::!019 | ||
| £ | £ |
||
| Fixedasset | |||
| Property.Plant and Equipment | 18.180.6-3 | 18.636.ï68 | |
| Totalfixedassets | 18.180.673 | 18.636.-68 | |
| Current assets | |||
| Debtors | 535.581 | IA02.518 | |
| Cash at bank andinhand | 1.681.596 | ||
| Totalcurrentassets | 2.217.Jï6 | 1.98:.023 | |
| Creditors:amoums falling due \ithinone~ear | 8 | ||
| Netcurrent assets_I_(liabilitie) | 1.2-5.932 | (51:.:-6) | |
| Totalassets lesscurrent liabilities | 19A56.605 | 18.111.2J::~ | |
| Creditors: amounts falling due after more than oneyear | 9 | ll.100.000) | |
| ~et assets | 18.156.605 | 18.1:1.111 | |
| Thefunds of the group: | |||
| Restrictedfund | |||
| RestrictedFixedAsset Funds | lO | 17,860.628 | 18.308.111 |
| Restricted Income Funds | lO | 201A65 | 11 |
| Totalrestricted funds | 18.062.093 | 18.308.131 | |
| Unrestrictedincomefunds | |||
| General funds | lO | 14·U-O | (23Î ,18_) |
| Designatedfunds | lO | 50.362 | :0.362 |
| Total unrestricted income funds | 19~,5I2 | (186.910) | |
| Total group funds | 18256.605 | 18.121.21::! |
| Note | 31August | 31August | 31August | |
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | ||||
| Fixeda ets | ||||
| Property.PlantandEquipment | 5 | 30,031 | 3·L~09 | |
| lnvestments | 6 | 2 | 2 | |
| Total fixed assets | 30,033 | 3~.211 | ||
| Currentassets | ||||
| Debtors | ï | 1.639.591 | 1.906A80 | |
| Cashatbank andinhand | 1.025,03" | 519.644 | ||
| Totalcurrenta ets | 2.66~.628 | 2..t26.l2~ | ||
| Creditors:amountsfalling duewithin one year | 8 | (531,929) | (2A09.9731 | |
| Netcurrentassets | 2.132.699 | 16.1~ | l | |
| Total assets lescurrentliabilities | 2.162,732 | 50.362 | ||
| Creditors:amountsfalling due after more than oneyear | 9 | (1,200.000) | ||
| .'et assets | 962.-32 | :0.362 | ||
| The funds of thecharity: | ||||
| Restricted income fund | lO | ",448 | ||
| Lnresrríctedincome funds | ||||
| Generalfunds | lO | 90 .922 | ||
| Designated funds | lO | 50.362 | -0.362 | |
| Toral unrestrictedincomefunds | ||||
| Toral charif) funds |
| Fortheyear | For theyear | |
|---|---|---|
| ending 31 | ending31 | |
| August2020 | August2019 | |
| £ | £ | |
| XetcashflowsfromJ(used in)byoperatingactivities: | 1373,331 | (150.919) |
| Cashflows frominvesting activities: | ||
| Dividends.interetand rent from inve tments | 2. 8 |
|
| Purchaseofproperty.plant and equipment | (79,460) | (201.430) |
| DisposalofProperty Assets | ||
| Xet cash used in investingactivities | (79,460) | (198.542) |
| Casbflows from financing activities: | ||
| Proceeds fromborrowing | ||
| Capital repaymentoffmance lease | ||
| Loan Repayments | (149.000) | |
| Interest paidonborrowing | (45.781) | |
| :\etcashgenerated/(used)infinancing activities | (194.781) | |
| Changein cashandcashequivalentsinthe period | 1.099.090 | (400.165) |
| Cash andcash equivalentsat thebeginningoftheperiod | 582,505 | 982.6O |
| Cash andcashequivalentsat theendof the period | 1,681,596 | |
| Reconciliation ofnet movement infundsto net cash flows fromoperatingactivities: | ||
| et movement in funds | 135,393 | (1.020, 15) |
| Adjustments for: | ||
| Depreciation charges | 535,554 | 536.951 |
| Fixedasset revisionofrecoverable V AT | 921.25 | |
| Amortisation charges | ||
| Interest payable | 45,781 | 4.83 |
| Decrease/(increase) indebtors | 866,937 | (566.007) |
| Decrease increditors | (210,334) | (O.lO) |
| Xet cashprovidedbyoperatingactivities | 1,373,331 | (150.919) |
| (a)DonationsandLegacies | ||||||
|---|---|---|---|---|---|---|
| Forthe | For the | |||||
year |
_ear | |||||
| ending | ending | |||||
| 31 | 31 | |||||
| August | August | |||||
| Unre tricted | Re tricted | 2020 | Ume tricted | Restricted | 2019 | |
| £ | £ | £ | £ | |||
| Gifts. Donations and legacies | -61.596 | 561,596 | 80. | O.8 |
||
| CapitalGrants' | 59.82 | 59.882 | 33 .569 | 33 .569 | ||
| Grantsofa general nature from | ||||||
| government and charitable | ||||||
| foundations | 240.000 | 240,000 | -.406 | 5.406 | ||
| Membership. Sub criptions and | ||||||
| ponsorshiQ | 11.0Il | 11,011 | 29.688 | |||
| 2 | 872,489 | 166.194 | 533.451 |
| BySource of Funding | C nrestncted | Restricted | Fortheyear | For the year |
|---|---|---|---|---|
| ending 31 | ending31 | |||
| August2020 | Augut2019 | |||
| £ | £ |
£ | £ | |
| Football coaching sajes | 243.121 | 243,121 | ||
| aleofservices as partofthe direct | ||||
| charitable activities | 139.1 | 139.178 | 523.-16 | |
| Contractual payments fromgovernment | ||||
| or public authorities | 902. 5 |
902.775 | 54.60 | |
| Performance related grants where level | ||||
| ofincome depends on volumeofservice | 1.33.905 | 1.383.905 | 1.469.116 | |
| provided | ||||
| Gift in kind | 36.064 | 36.064 | 24.-O | |
| 382.299 | 2.322. 44 | 2.705.043 | 2.-91. 20 | |
| the prior period. income from charitable | activities received, | comprisedof£491. | 54 unrestricted | funds and |
| tricted incomeof£2.099.966. | ||||
| ByCharitableActívíty | Unrestricted | Re tricted | Fortheyear | For the year |
| ending31 | ending31 | |||
| August 2020 | August 2019 | |||
| £ | £ |
£ | £ | |
| SportandPlay | 301.948 | 216.950 | 518,898 | 1.262.-15 |
| Education | sio. 8 |
510.778 | 166.12 | |
| \orldof \ork | 14.390 | 510,54 | 525.244 | r4.98- |
| Community) | 2.3O | 885.6-2 | 888,022 | |
| Health | 1.439 | 98.920 | 100.)59 | 246.026 |
| Core | 62.152 | 99.590 | 161,742 | 562.166 |
| 382299 | 2.322.44 | 2,705,043 | 2.591.820 |
| Unrestricted | Unrestricted | Restricted | Fortheyear | For theyear |
||
|---|---|---|---|---|---|---|
| ending 31 | ending31 |
|||||
| August2020 | Augut2019 |
|||||
| £ | £ | £ | £ |
|||
| Fundraisingevents | 12.230 | 12.130 | 4.989 |
|||
| Sponsorship andlottery | z.33 | 72.733 | 96.912 |
|||
| Lening arrangementsforProperty | 10.0 | 3 | 10.083 | 1-.000 | ||
| Tradingactivity | 39.00 | 379.007 | 43.604 | |||
| Gift in kind | 2.068 | 2,068 | 1.040 | |||
| 476.121 | 476,121 | 626.545 | ||||
| In | theprior year.incomefrom other trading | activitiesreceived, | comprised olelyof£626.545unrestricted | |||
| income. | ||||||
| (d) | JobRetentionGrantfrom theGovernment | |||||
| Income amountreceived incurrentfinancial | yearlO31August | 2020 was£320.93~. | ||||
| 2 | Group Expenditure | |||||
| a) | Expenditureonraisingfunds |
|||||
| FortheyearendingFor | the yearending | |||||
| 31August 2020 | 31August2019 | |||||
| £ | £ | |||||
| COSIofseeking donations and grants | 162,997 | 215.51 | ||||
| Fundraising events | 19,633 | 59.3O | ||||
| Sponsorship andlottery | 29,050 | 32.611 | ||||
| Membership scheme | 1,250 | 80 | ||||
| Other runningcots | 367,420 | 348.056 | ||||
| Marketing and publicity | 16,166 | 8.695 | ||||
| Gift in kind | 2,068 | 1.040 | ||||
| 598584 | 665.369 |
| ponand | World of | Eduarion | Community | Health | Beacon | Core | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|---|
| Play | Work |
ofLight | |||||||
| £ | £ |
£ |
£ |
£ | £ |
£ | £ | £ | |
| Gift in kind | io.22 | 9. 22 |
.500 | .120 |
36.064 | 24.580 | |||
| Education | 472.991 | r3.461 | 529.250 | 240.330 | 9.53- | - | 1,693,567 | 2.890.552 | |
| Depreciation | 2.64- | 2.645 | 2.645 | 2.645 | 2.645 | 50 .364 | 520,589 | 526.139 | |
| Redundancy | 26.436 | 26.436 | |||||||
| BuildingI | 9.06 | 99.914 |
9 .162 | 168.922 | 19.090 | 483.794 | 531.4 | ||
| Support cot(c) | 139.411 | 141.116 | 13.229 | 23 .52 | 26.963 | 161. 42 | 845.043 | 106. 20 | |
| Governance (d) | .023 | 35.115 | 30.5 6 | ||||||
| 731,498 | 640,317 | 780,809 | 665.622 | 153,256 | 507,364 | 161,742 | 3,640,608 | 4.110.044 |
| ponand | World of | Education | Community | Health | Core | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
| Play | Work |
|||||||
| £ | £ |
£ | £ | £ | £ | £ | ||
| Administration | 58.801 | 59.520 | 5.8 | 100.630 | 11,33 | 68.220 | 356,425 | 45.014 |
| Director's | 42.016 | 42.~30 | 4L35 | 1.904 | 8.126 | 48.46 | 254,680 | 32.163 |
| Finance Dept | 20.201 | 20.448 | 19.85 | 34.52 |
3.906 | 23.43 | 122,449 | 150464 |
| HRDept | 5.138 | 5.101 | 5.0~ | 8. 93 | 994 | 5.961 | 31.145 | 3.933 |
| ITDept | 2.564 | 1-.38 | 80,344 | 10.146 | ||||
| 139.411 | 141,116 | 137,229 | 238.582 |
26,963 | 161,742 | 845,043 | _106.:W _ |
| Fortheyear | For theyear | |
|---|---|---|
| ending31August | ending31August | |
| 2020 | 2019 | |
| AuditFees | 22,500 | 20.000 |
| U1\'\VYATFees | 12.617 | |
| Governance Meeting | 10.5 6 | |
| T ota! Cots-grOUp | 35,117 | 30.56 |
Group StaffCosts |
||
|---|---|---|
| Year ending31 | Yearending31 | |
| August2020 | August2019 | |
| £ | £ | |
| Staff cots: | ||
| Wages and salarie | 2.194.875 | 2.383.513 |
| Socialecurirycots | 170.879 | 188.28 |
| Otherpensioncosts | 54.428 | 63.08 |
| Redundancycosts | 86,425 | |
| 2.506,607 | 2.635.949 |
| Yearending 31 | Year ending31 | |
|---|---|---|
| August2020 | August 2019 | |
| Xumber | umber | |
| DeliveryStaff | 105 | 106 |
| Support and Administration | 9 | 19 |
| BeaconofLight Operations | 7 | 12 |
| Commercial and Marketing | lO |
8 |
| Directors | 4 | 4 |
| 135 | 149 |
| Yearending 31 | Year ending31 | |
|---|---|---|
| August2020 | August 2019 | |
| £ | £ | |
| Audit fee | 22,500 | 20.000 |
| Depreciation | 535.554 | 536.951 |
| Amortisation | ||
| Operating leasecosts: | ||
| plant and machinery | 21.819 | 22.991 |
| Bank Interet | 45,781 | 4.3 |
| 'on Audit Fee forTaxComplianceen-ices | 4.000 | 4.000 |
| Charity | Computer | leasehold | Fixturesand | Total |
|---|---|---|---|---|
| Equipment | Building | Fining | ||
| £ | £ | £ | £ | |
| Cost | ||||
| ruatISeptemberZû 19 | 264.418 | 75,706 | 208,213 | 548,337 |
| Addition | 9.042 | 9.042 | ||
| Asat31August2020 | 273.460 | 75,706 | 208.213 | 557,379 |
| AccumulatedDepreciation | ||||
| ruatISeptember2019 | 237.462 | 72,590 | 204,076 | 514,128 |
| Chargefor the Period | O | 1.039 | 3AII | 13.220 |
| At31August2020 | 246,232 | 73,629 | 207,487 | 527,348 |
| Xetbook value | ||||
| At 31 August2020 | 27,227 | 2.077 | 727 | 30,031 |
| At31August2019 | 26.9-6 | 3.116 | 4.13 | 34.209 |
| Group | Computer | Freehold | Leasehold | Fixtures | Total |
|---|---|---|---|---|---|
| Equipment | Building. | Building | and Fitting. | ||
| £ | f | £ | £ | £ | |
| Cost | |||||
| AsatISeptember2019 | 463.085 | 18,691.176 | 75.706 | 431,763 | 19,661.830 |
| Additions | lO._ | 29,425 | 39.211 | 79,463 | |
| Asat31August 2020 | 473,912 | 18,710,701 | 75,706 | 470974 | 19,741 293 |
| Accumulated | |||||
| AsatISeptember2019 | 303.0~6 | 39L50~ | 2590 | 25.911 | LOr.062 |
| Chargefor thePeriod | 1.039 | 66.440 | 5355~4 | ||
| At 31 August2020 | 398,435 | 64.101 | 73.629 | 324.351 | 1.560,616 |
| Xet book value | 75,476 | 17.956.500 | 2.077 | 146.624 | 18.180.677 |
| At 31 August2019 | 160.029 | 3.116 |
| Charity | Charity | Group | Group | |
|---|---|---|---|---|
| 31August | 31Augur | 31August | 31August | |
| 2020 | 2019 | 2020 | 2019 | |
| £ | £ | £ | £ | |
| T rade Debtors | 68,417 | 246.103 | 149,154 | 310.89- |
| Amounts due from Group undertakings | 1.322,550 | 1.525.433 | ||
| Recoverable V A T | 921. 35 | |||
| Amounts due from Sunderland AFC Ltd | 12,920 | 2.955 | 17,124 | 2.955 |
| Other Debtors | 111.100 | 30.06 | ||
| Prepayments and accrued income | 235.704 | 106.9 9 | 258,003 | 111.866 |
| 1,639,591 | 1.906.4O | 535,581 | 1.402.51 |
| Charity | Charity | Group | Group | |
|---|---|---|---|---|
| 31August | 31August | 31August | 31August | |
| 2020 | 2019 | 2020 | 2019 | |
| £ | £ | £ | £ | |
| T rade Creditors | (51,629) | 405.422 | 271,384 | nO.510 |
| Amounts due to Sunderland AFC Ltd | 61,793 | 46.381 | 61,793 | 46.381 |
| Other Creditors | 70,661 | 129.063 | 119,936 | 129.068 |
| Amounts due to Group undertaking | 67,238 | |||
| Accruals and deferred income | 383,866 | 480.107 | 488,132 | 55.620 |
| CharityBank Loan | 1.349.000 | 1.349.000 | ||
| 531.929 | 2.409.93 | 941,245 | 2.500.5 9 |
| Charityforthe | Charityforthe | Groupforthe | ||
|---|---|---|---|---|
| yearending 31 | yearending31 | |||
| August2020 | August2020 | |||
| £ | £ | |||
| Balance broughtforward | 425.946 | 425.946 | ||
| Recogni ed inyear | 2.194.384 | 2249,186 | ||
| Released inyear | (2.303.514) | (2.303.514) | ||
| Balancecarriedforward | 316.816 | 371.618 | ||
| Income is deferred basedon the calendar period theactivity | takeplace. | |||
| 9 Creditors: amountsfalling dueafter |
one year | |||
| Charìty | Charity | Group |
Group |
|
| 31August | 31August | 31 August |
31August |
|
| 2020 | 2019 | 2020 | 2019 |
|
| £ | £ | £ | £ |
|
| Charity BankLoan | 1,200,000 | 1,200.000 |
| Fundbalances at31August2020 are representedby: | unrestricted | Restricted | Total |
|---|---|---|---|
| £ | £ | £ | |
| TangibleFixed A ets | 30.031 | 30,031 | |
| Inve tments | 2 | 2 | |
| Net CurrentAssets | 958.1 4 | l.l4.415 | 2,132.699 |
| Creditors:amountfalling due afteroneyear | (1.200.000) | (1,200.000) | |
| Total funds | 958.1 4 |
| ISeptember | Income | Expenditure | Transfers | 31 August | |
|---|---|---|---|---|---|
| 2019 | 2020 | ||||
| £ | £ | £ | £ | £ |
|
| Generalfunds | 1.691.26 | 334-) | 907,922 | ||
| Designatedfunds | |||||
| Contingency fund | 50.362 | 50,362 | |||
| Total designated funds | 50.362 | 50,362 | |||
| Total unrestricted funds | 50.362 | 1.69L26 | (83345) | 958.284 | |
| Restrictedfunds: | |||||
| Education | 510.7 8 | (70349) | - | (196,571) | |
| WorldofWork | 510.853 | (538.613) | (27.760) | ||
| Sport and Play | 216.950 | (296.643) | (79,693) | ||
| Community | 885.653 | (545.046) | 340,607 | ||
| Health | 98.920 | (131.055) | (32,135) | ||
| Core | 99.590 | (99.590) | |||
| Total restricted funds | 2,322. 44 | (2.318.296) | 4,448 | ||
| Total funds | 50362 | 4.014.011 | (3.101.641) | 962,732 |
| Group | |||
|---|---|---|---|
| Fund balances at31August~o~oarerepreentedby: | unrestricted | Restricted | Total |
| £ | £ | £ | |
| Tangible Fixed Assets | 18.180.63 | 18,180,673 | |
| Net CurrentAsets | 194.512 | 1.081,420 | 1.275,932 |
| Creditors: amounts falling due afterlyear | (1.200.000) | (1.200.000) | |
| Total funds | 194.512 | 18.062.093 | 18.256.605 |
| ISeptember | Income | Expenditure | Transfers | 31 August | |
|---|---|---|---|---|---|
| 2019 | 2020 | ||||
| £ | £ | £ | £ | £ | |
| Generalfunds | (23.1~) | 1.991.9-9 | (1.610.52) | 144.150 | |
| Designated funds | |||||
| Contingency fund | 50.362 | 50,362 | |||
| Totaldesignated funds | 50.362 | 50,362 | |||
| Totalunrestrictedfunds | (186.920) | 1.991.959 | (1.610.-2 ) |
194512 | |
| Restrictedfuods: | |||||
| Education | sro. 8 |
(662.4) | (151,699) | ||
| WorldofW ork | -10.854 | CI8.905) | (8,051) | ||
| Sport andPlay | 21 | 216.950 | (2-1.058) | (34,087) | |
| Community | 85.653 | (467.033) | 418,620 | ||
| Health | 98.920 | (122.138) | (23,318) | ||
| Core | 99.590 | (99.590) | |||
| BeaconofLight | 18.308.111 | 59.882 | (507.365) | 17,860.628 | |
| T otalrestrictedfunds | 18.308.132 | 2.382.62 | (2.628.666) | 18,062,093 | |
| Total funds | 18.121.212 | 4.34.586 | (4.239.193) | 18,256,605 |
| 31 August | 2020 | 31 | August2019 | |||
|---|---|---|---|---|---|---|
| Group | Land and | Land and | ||||
| buildings | Other | Total | building | Other | Total |
|
| £ | £ | £ | £ | £ | £ |
|
| Within one year | .312 | 17.312 | 12.9-8 | 12.9- |
||
| Between one to five years | 9.202 | 9,202 | ||||
| Total | 26.515 | 26,515 |