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2021-08-31-accounts

Page
TrusteesandAdvisers fortheyear ended 3I August202I I
Chairman'sStatement. 2
Trustees' Reportfor theyearended 3I August2021 4
Company StatementofFinancialActivitiesfortheyear ended3I August2021 (includingIncome and
Expenditure account) 16
CompanyBalance Sheetasat3I August202I I7
Consolidated StatementofFinancialActivities fortheyearended31 August2021 (including Income and
Expenditure account) 18
Consolidated Balance Sheetas at3 1 August2021 19
CompanyCashflowfortheyearended31 August2021 20
ConsolidatedCashflow fortheyearended31 August2021 21
Accounting Policies 22
Notestothe Financial Statements for theyear ended31 August2021 26

22/02/22

Note Unrestricted Restricted Total funds Total funds
funds funds 31 August 31 August
2021 2020
£ £ £ £
Income from:
Donations and legacies la 452,244 452,244 812,607
Charitable activities lb 363,045 2,323,562 2,686,607 2,705,043
Other trading activities le 196,684 196,684 203,026
Job Retention Grant from Government Id 170,131 170,131 293,334
Total Income 1,182,104 2,323,562 3,505,666 4,014,010
Expenditure on:
Raising funds 2a 282,794 282,794 249,332
Charitable activities 2b 434,493 2,410,902 2,845,395 2,852,308
Total Expenditure 717,287 2,410,902 3,128,189 3,101,641
Net (expenditure)/income 464,817 (87,340) 377,477 912,370
Transfers between funds 11 (341,501) 341,501
Net movement in funds 123,316 254,161 377,477 912,371
Total funds brought forward 958,284 4,448 962,732 50,362
Total funds carried forward 1,081,600 258,609 1,340,209 962,733

Note 31 August 31 August
2021 2020
£ £
Fixed assets
Intangible assets 5 19,444
Property,Plantand Equipment 6 64,399 30,031
Investments 7 2 2
Total fixed assets 83,845 30,033
Current assets
Debtors 8 1,865,041 1,639,591
Cash atbank and in hand 1,275,967 1,025,037
Total current assets 3,141,008 2,664,628
Creditors: amounts falling duewithin one year 9 (784,644) (531,929)
Net current assets 2,356,364 2,132,699
Total assets less current liabilities 2,440,209 2,162,732
Creditors: amounts falling due after more than oneyear 10 (1,100,000) (1,200,000)
Net assets 1,340,209 962,732
The funds of the charity:
Restricted income funds 11 258,609 4,448
Unrestricted income funds
General funds 11 1,031,238 907,922
Designated funds 11 50,362 50,362
Total unrestricted income funds 1,081,600 958,284
Total charity funds 1,340,209 962,732

Note Unrestricted
funds		 Restricted
funds		 Restricted
Fixed Asset		 Total funds
31 August		 Total funds
31 August
funds 2021 2020
Income from:
Donations and legacies la 452,244 47,000 499,244 872,489
Charitable activities lb 363,045 2,323,562 2,686,607 2,705,043
Other trading activities le 388,023 388,023 476,121
Investments
Job Retention Grant from Government Id 201,631 201,631 320,932
Total Income 1,404,943 2,323,562 47,000 3,775,505 4,374,585
Expenditure on:
Raising funds 2a 541,012 541,012 598,584
Charitable activities 2b 945,042 2,135,091 477,296 3,557,429 3,640,608
Total Expenditure 1,486,054 2,135,091 477,296 4,098,441 4,239,192
Net (expenditure)/income (81,111) 188,471 (430,296) (322,936) 135,393
Transfers between funds 11 131,327 (131,327)
Net movement in funds 50,216 57,144 (430,296) (322,936) 135,393
Total funds brought forward 194,512 201,465 17,860,628 18,256,605 18,121,212
Total funds carried forward 244,728 258,609 17,430,332 17,933,669 18,256,605
31 August 31August
2021 2020
Outturn for theyear £ £
Net (expenditure)/income (322,936) 135,393
Depreciation and amortisation charges 521,727 535,554
Interest payable 35,221 45,781
EBITDA (Earnings Before Interest, Taxes,
Depreciation, and Amortisation)		 234,012 716,728

Note 31 August 3 I August
2021 2020
£ £
Fixed assets
Intangible assets 5 19,444
Property, Plant and Equipment 6 17,725,819 18,180,673
Total fixed assets 17,745,263 18,180,673
Current assets
Debtors 8 452,352 535,581
Cash at bank and in hand 1,605,539 1,681,596
Total current assets 2,057,891 2,217,176
Creditors: amounts falling duewithin oneyear 9 (769,485) (941,245)
Net current assets 1,288,406 1,275,932
Total assets less current liabilities 19,033,669 19,456,605
Creditors: amounts falling due aft.ermore than one year 10 (1,100,000) (1,200,000)
Net assets 17,933,669 18,256,605
The funds of the group:
Restricted funds
Restricted Fixed Asset Funds 11 17,430,332 17,860,628
Restricted Income Funds li 258,609 201,465
Total restricted funds 17,688,941 18,062,093
Unrestricted funds
General funds 11 194,366 144,150
Designated funds 11 50,362 50,362
Total unrestricted funds 244,728 194,512
Total group funds 17,933,669 18,256,605

For the year Forthe year
ending 31 ending 31
August 2021 August 2020
£ £
Net cashflows from by operating activities: 466,331 663,541
Cashflows from investing activities:
Purchase ofproperty, plant, equipment and intangible assets (80,180) (9,042)
Net cash used in investing activities (80,180) (9,042)
Cashflows from financing activities:
Loan Repayments (100,000) (149,000)
Interest paid on borrowings (35,221) (106)
Net cash used in financing activities (135,221) (149,106)
Change in cash and cash equivalents in the period 250,930 505,393
Cash and cash equivalents at the beginning of the period 1,025,037 519,644
Cash and cash equivalents at the end of the period 1,275,967 1,025,037
Reconciliation of net movement in funds to net cashflows from operating activities:
Net movement in funds 377,477 912,371
Adjustments for:
Depreciation and amortisation charges 26,369 13,220
Interest payable 35,221 106
(Jncrease)/decrease in debtors (225,450) 266,889
Increase/(decrease) in creditors 252,714 (529,045)
Net cashflows from operating activities 466,331 663,541

For the year Fortheyear
ending 31 ending31
August 2021 August2020
£ £
Net cashflows from by operating activities: 145,481 1,373,331
Cashflows from investing activities:
Purchase ofproperty, plantandequipment (86,317) (79,460)
Net cash used in investing activities (86,317) (79,460)
Cashflows from financing activities:
LoanRepayments (100,000) (149,000)
Interestpaidonborrowings (35,221) (45,781)
Net cash used in financing activities (135,221) (194,781)
Change in cash and cash equivalents in the period (76,057) 1,099,090
Cash and cash equivalents at the beginning of the period 1,681,596 582,505
Cash and cash equivalents at the end of the period 1,605,539 1,681,596
Reconciliation of net movement in funds to net cashflows from operating activities:
Netmovementin funds (322,936) 135,393
Adjustments for:
Depreciation andamortisationcharges 521,727 535,554
Interestpayable 35,221 45,781
Decrease/(increase) indebtors 83,229 866,937
Decrease increditors (171,760) (210,334)
Net cashflows from operating activities 145,481 1,373,331

Group
For the For the
year year
ending ending
31 31
August August
Unrestricted Restricted 2021 Unrestricted Restricted 2020
£ £ £ £ £
Gifts,Donationsand legacies 87,941 87,941 561,596 - 561,596
Capital Grants1 47,000 47,000 59,882 59,882
Grantsofageneral nature from
governmentandCharitable
Foundations 359,998 359,998 240,000 - 240,000
Membership, Subscriptionsand
Sponsorship 4,305 4,305 1L,01I 11,011
452,244 47,000 499,244 812,607 59,882 872,489
Charity
For the For the
year year
ending ending
31 31
August August
Unrestricted Restricted 2021 Unrestricted Restricted 2020
£ £ £ £ £
Gifts, Donationsand legacies 87,941 87,941 561,596 - 561,596
Capital Grants1
Grantsofageneral nature from
governmentandCharitable
Foundations 359,998 359,998 240,000 - 240,000
Membership, Subscriptionsand
Sponsorship 4,305 4,305 11O11 11,011
452,244 452,244 812,607 - 812,607

By Source of Funding Unrestricted Restricted For the year Fortheyear
ending 31 ending 31
August 2021 August2020
£ £ £ £
Football coachingsales 232,940 232,940 243,121
Saleofservicesaspartofthedirect
charitable activities 130,105 130,105 139,178
Contractual payments from government
orpublic authorities 1,214,635 1,214,635 902,775
Performancerelated grantswhere level
ofincome dependson volume ofservice 1,108,927 1,108,927 1,383,905
provided
Gift in kind 36,064
363,045 2,323,562 2,686,607 2,705,043
By Charitable Activity Unrestricted Restricted For the year Fortheyear
ending 31 ending 31
August 2021 August2020
£ £ £ £
SportandPlay 266,386 212,383 478,769 518,898
Education 30,388 654,579 684,967 510,778
World ofWork 991 374,079 375,070 525,244
Community 2,088 692,324 694,412 888,022
Health 745 288,521 289,266 100,359
Core 62,447 101,676 164,123 161,742
363,045 2,323,562 2,686,607 2,705,043

Unrestricted Restricted For the year Forthe year
ending 31 ending 31
August 2021 August2020
£ £ £ £
Fundraising events 37,096 37,096 12,230
Sponsorships and lottery 33,388 33,388 72,733
Letting arrangements for Property 24,200 24,200 10,083
Trading activity 293,339 293,339 379,007
Giftin kind 2,068
388,023 388,023 476,121

Unrestricted Restricted For the year Forthe year
ending 31 ending 31
August 2021 August2020
£ £ £ £
Fundraising events 37,096 37,096 12,230
Sponsorships and lottery 33,388 33,388 72,733
Letting arrangements for Property 24,200 24,200 10,083
Trading activity 102,000 102,000 105,913
Giftin kind 2,068
196,684 196,684 203,027

For the year endingFor theyearending31
31 August 2021 August2020
£ £
Costofseeking donationsand grants 189,751 162,997
Fundraisingevents 14,029 19,633
Sponsorshipsand lottery 30,491 29,050
Membershipscheme 3,000 1,250
Otherrunningcosts 263,186 352,454
Depreciation 18,063 14,966
Marketingandpublicity 22,492 16,166
Gift inkind 2,068
541,012 598,584

For the year endingFor theyear ending31
31 August 2021 August2020
£ £
Costofseekingdonationsandgrants 189,751 162,997
Fundraisingevents 14,029 19,632
Sponsorshipsand lottery 30,491 29,050
Membershipscheme 3,000 1,250
Otherrunningcosts 23,031 18,168
Marketingandpublicity 22,492 16,166
Gift inkind 2.068
282,794 249,331

Sport and World of Education Community Health Beacon Core 2021 2020
Play Work ofLight
£ £ £ £ £ £ £ £ £
Gift in kind 36,064
Education 322,660 308,819 475,370 443,566 238,165 - 1,788,580 1,693,567
Depreciation and 5,274 5,274 5,274 5,274 5,274 477,296 503,666 520,589
amortisation
Redundancy 26,436
Building' 95,647 74,930 136,840 138,727 57,788 503,932 483,794
Support costs (c) 106,635 83,538 152,561 154,665 64,428 - 164,124 725,951 845,043
Governance (d) 7,060 7,060 7,060 7,060 7,060 35,300 35,115
537,276 479,621 777,105 749,292 372,715 477,296 **164,124 ** 3,557,429 3,640,608

Sportand World of Education Community Health Core 2021 2020
Play Work
£ £ £ £ £ £ £ £
Giftinkind 36,064
Education 375,010 349,830 550,262 519,493 269,794 - 2,064,389 1,916,997
Redundancy 26,436
Depreciation 5,274 5,274 5,274 5,274 5,274 26,370 13,223
and
amortisation
Supportcost(c) 106,635 83,538 152,561 154,665 64,428 164,124 725,951 845,043
Governance (d) 5,737 5,737 5,737 5,737 5,737 28,685 14,545
492,656 444,379 713,834 685,169 345,233 164,124 2,845,395 2,852,308
Sportand World of Education Community Health Core 2021 2020
Play Work
£ £ £ £ £ £ £ £
Administration 28,622 22,422 36,581 41,513 22,312 161,679 313,129 356,425
Director's 18,684 14,637 22,363 27,099 14,565 105,540 202,888 254,680
Finance Dept 11,522 9,026 16,484 16,711 8,982 65,084 127,809 122,449
HR Dept 706 553 1,009 1,023 550 3,985 7,826 31,145
ITDept 6,698 5,247 9,583 9,715 5,221 37,835 74,299 80,344
66,232 51,885 86,020 96,061 51,630 374,123 725,951 845,043
For the year Fortheyear
ending 31 August ending 31 August
2021 2020
(d) Governance Costs - Group £ £
AuditFees 21,000 22,500
VATFees 4,050 12,617
Total Costs-grOUp 25,050 35,117
Governance costsare allocated on a straight-line basis.

Year ending 31 Yearending 31
August 2021 August2020
£ £
Staffcosts:
Wages and salaries 2,053,709 2,194,875
Social security costs 169,081 170,879
Other pension costs 72,094 54,428
Redundancy costs 3,000 86,425
2,297,884 2,506,607
Year ending 31 Year ending 31
August 2021 August2020
Number Number
Delivery Staff 128 105
Supportand Administration 11 9
Beacon ofLightOperations 12 7
Commercialand Marketing 9 10
Directors 3 4
163 135

Year ending 31 Year ending31 Year ending31
August 2021 August2020
£ £
Auditfee 21,000 22,500
Depreciation 521,727 535,554
Amortisation
Operating lease costs:
plantandmachinery 19,937 21,819
Bank Interest 35,221 45,781
Non-AuditFees forTaxCompliance services 4,050 4,000

Intangibles Total
£ £
Cost
Asat I September2020
Additions 20,000 20,000
As at 31 August 2021 20,000 20,000
Accumulated Amortisation
Asat I September2020
Charge forthe Period 556 556
At 31 August 2021 556 556
Net book value
At 31 August 2021 19,444 19,444
At31 August2020

Charity Computer Leasehold Fixtures and Total
Equipment Buildings Fittings
£ £ £ £
Cost
As at 1 September2020 273,460 75,706 208,213 557,379
Additions 60,180 60,180
As at31 August 2021 333,640 75,706 208,213 617,559
Accumulated Depreciation
As at 1 September 2020 246,232 73,629 207,487 527,348
Charge forthe Period 24,275 1,039 499 25,813
At 31 August 2021 270,507 74,668 207,986 553,161
Net book value
At 31 August 2021 63,133 1,038 227 64,399
At3 I August2020 27,228 2,077 727 30,031

Group Computer Freehold Leasehold Fixtures and Total
Equipment Buildings Buildings Fittings
£ £ £ £ £
Cost
As at 1 September 2020 473,912 18,720,701 75,706 470,974 19,741,293
Additions 60,179 6,137 66,316
As at 31 August 2021 534,091 18,720,701 75,706 477,111 19,807,609
Accumulated Depreciation
As at 1 September 2020 398,435 764,201 73,629 324,351 1,560,616
Charge forthe Period 66,703 381,314 1,039 72,118 521,174
At 31 August 2021 465,138 1,145,515 74,668 396,469 2,081,790
Net book value
At 31 August 2021 68,953 17,575,186 1,038 80,642 17,725,819
At31 August2020 75,476 17,956,500 2,077 146,624 18,180,677

Charity Charity Group Group
31 August 31 August 31 August 31 August
2021 2020 2021 2020
£ £ £ £
Trade Debtors 176,099 68,417 239,522 149,254
Amounts due from Groupundertakings 1,506,430 1,322,550
Amounts due from SunderlandAFC Ltd 12,920 4,295 17,224
Other Debtors 15,783 111,100
Prepayments andaccruedincome 182,512 235,704 192,752 258,003
1,865,041 1,639,591 452,352 535,581

Charity Charity Group Group
31 August 31 August 31 August 31 August
2021 2020 2021 2020
£ £ £ £
Trade Creditors 106,165 (51,629) 439,808 271,384
Amounts due to SunderlandAFC Ltd 749 61,793 749 61,793
Other Creditors 64,372 70,661 64,404 119,936
Amounts due to Groupundertakings 389,508 67,238
Accrualsanddeferredincome 223,851 383,866 264,524 488,132
784,644 531,929 769,485 941,245

Charity for the Charity forthe Group for the Groupforthe
year ending 31 yearending31 year ending 31 yearending3I
August 2021 August2020 August 2021 August2020
£ £ £ £
Balance broughtforward 316,816 425,946 371,618 425,946
Recognised in year 2,672,038 2,194,384 2,710,778 2,249,186
Released in year (2,836,561) (2,303,514) (2,851,662) (2,303,514)
Balance carried forward 152,293 316,816 230,734 371,618
Charity Charity Group Group
31 August 31 August 31 August 31 August
2021 2020 2021 2020
£ £ £ £
CharityBank Loan 1,100,000 1,200,000 1,100,000 1,200,000

Charity
Fund balances at 31 August 2021 arerepresented by: Unrestricted Restricted Total
£ £ £
Tangible Fixed Assets 83,843 83,843
Investments 2 2
Net Current Assets 1,081,600 1,274,764 2,356,364
Creditors: amounts falling due after one year (I,I00,000) (1,100,000)
Total funds 1,081,600 258,609 1,340,209
I September Income Expenditure Transfers 31 August
2020 2021
£ £ £ £ £
General funds 907,922 1,182,104 (717,287) (341,50I) 1,031,238
Designated funds
Contingency fund 50,362 50,362
Total designated funds 50,362
Total unrestricted funds 958,284 1,182,104 (717,287) (341,50I) 1,081,600
Restricted funds:
Education (196,571) 654,579 (646,445) 188,437
World ofWork (27,760) 374,079 (405,681) 59,362
Sport and Play (79,693) 212,383 (278,500) 145,810
Community 340,607 692,323 (653,385) (120,936) 258,609
Health (32,135) 288,521 (325,214) 68,828
Core 101,677 (IO 1,677)
Total restricted funds 4,448 2,323,562 (2,410,902) 341,501 258,609
Total funds 962,732 3,505,666 (3,128,189) 1,340,209

Group
Fund balances at31 August2021 are represented by: Unrestricted Restricted Total
£ £ £
Tangible Fixed Assets 17,745,263 17,745,263
NetCurrentAssets 244,728 1,043,678 1,288,406
Creditors: amounts falling due aft.er 1 year (1,100,000) (1,100,000)
Total funds 244,728 17,688,941 17,933,669
31 August Income Expenditure Transfers 31 August
2020 2021
£ £ £ £ £
General funds 144,150 1,404,943 (1,486,054) 131,327 194,366
Designated funds
Contingency fund 50,362 50,362
Total designated funds 50,362
Total unrestricted funds 194,512 1,404,943 (1,486,054) 131,327 244,728
Restricted funds:
Education (151,699) 654,579 (571,550) 68,670
World ofWork (8,051) 374,079 (364,670) (1,358)
Sportand Play (34,087) 212,383 (226,151) 47,855
Community 418,620 692,323 (577,458) (274,876) 258,609
Health (23,318) 288,521 (293,585) 28,382
Core 101,677 (101,677)
Beacon ofLight 17,860,628 47,000 (477,296) 17,430,332
Total restricted funds 18,062,093 2,370,562 (2,612,387) (131,327) 17,688,941
Total funds 18,256,605 3,775,505 (4,098,441) 17,933,669

31 August 2021 31 August 2021 31 August2020 31 August2020
Group Land and Other Total Landand Other Total
buildings buildings
£ £ £ £ £ £
Within oneyear 13,986 13,986 17,312 17,312
Betweenoneto fiveyears 17,541 17,541 9,202 9,202
Total 31,527 31,527 26,515 26,515