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||**Page**|
|---|---|
|**Trustees and**Advisers**for the year ended31August2020 **|l|
|**Chairman's Statement**|2|
|**Tru**tees**Repon for the year ended31Augut 2020**|5|
|**Statementof**Responsibilitie**ofthe T**rustees|**13**|
|**Independent Auditor'Reponto the Members**ofFoundationofLight...|**14**|
|**Consolidated StatementofFinancial**Activitie**for the year ended31Augut 2020 (including income and**||
|**expenditure**account)|l|
|**Consolidated Balance**Sheet**as**at**31 August**2020|l|
|**Charity Balance Sheet as**at**31 August2020 **|**19**|
|**Consolidated**Cashflow**Statement for the year ended31Augut **2020|**20 **|
|**Accounting**Policies|**21**|
|[ores**to the Financial Statements for the year ended 31 August 2020**|**25**|





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||Xote|Lnrestricted|Restricted|Restricted|Total funds|Totalfunds|
|---|---|---|---|---|---|---|
|||funds|funds|FixedAs et|<br>31August|31August|
|||||funds|2020|<br>2019|
|||£|£|£|£|<br>£|
|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|<br>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. _<br>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|





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||~ote|31August|31August|
|---|---|---|---|
|||2020|::!019|
|||£|<br>£|
|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,<br>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)|





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|(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. `<br>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|
||£|£<br>|£|£|
|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.<br>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|
||£|<br>£|£|£|
|SportandPlay|301.948|216.950|518,898|1.262.-15|
|Education||sio.<br>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|<br>For theyear|
|---|---|---|---|---|---|---|
||||||ending 31|<br>ending31|
||||||August2020|<br>Augut2019|
||||£|£|£|<br>£|
||Fundraisingevents|12.230|||12.130|<br>4.989|
||Sponsorship andlottery|z.33|||72.733|<br>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)|<br>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|<br>Work||||ofLight||||
||£|<br>£|<br>£|<br>£|£|<br>£|£|£|£|
|Gift in kind|io.22|<br>9. 22|.500|<br>.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|<br>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|<br>Work|||||||
||£|<br>£||£|£|£|£|£|
|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|<br>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|<br>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|





## 

## 

|<br>**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|<br>19|
|BeaconofLight Operations|7|12|
|Commercial and Marketing|**`lO`**|8|
|Directors|4|4|
||135|<br>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|





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## 

|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|||



## 



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## 

## 

||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**<br>**Creditors: amountsfalling dueafter**||**one year**|||
||Charìty|Charity|<br>Group|<br>Group|
||31August|31August|<br>31 August|<br>31August|
||2020|2019|2020|<br>2019|
||£|£|£|<br>£|
|Charity BankLoan|1,200,000||1,200.000||





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## 

## 

|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|
||£|£|£|£|<br>£|
|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<br>)||194512|
|Restrictedfuods:||||||
|Education||sro.<br>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|<br>Total|
||£|£|£|£|£|<br>£|
|Within one year||.312|17.312||12.9-8|<br>12.9-|
|Between one to five years||9.202|9,202||||
|Total||26.515|26,515||||



##