2021-05-31-accounts - Liverpool FC Foundation

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Contents			Page
Company information
Trustees' Annual Report			2 —13
Independent	Auditors' Report		14-18
Statement of	Financial Activities		19
Comparative	Statement of Financial	Activities	20
galance Sheet			21
Statement of	Cash Flows		22
Notes to the	Financial Statements		23-37

Charity number:	Charity number:	1096572
Company	number:	04587220
Trustees:		Susan Black
		Simon Bowers
		Billy Hogan
		Davinder Jhamat (appointed		11/11/20)
		Gavin Laws
		Peter Moore (resigned	13/08/20)
		Matthew Parish (appointed		11/11/20)
		Linda Pizzuti
		Tom Werner
		Laura Weston
Secretary:		Lynn Taylor
Registered	office:	Anfield Road
		Liverpool
		L4 OTH
Bankers:		The Royal Bank ofScotland		Pic
		1 Dale Street
		Liverpool
		L2 2PP
Statutory	Auditors:	Mitchell Charlesworth	LLP
		Chartered Accountants
		5Temple Square
		Temple Street
		Liverpool
		L2 SRH

			Unrestricted	Restricted	2021	2020
		Notes	Funds	Funds	Total	Total
Income from:			f	f	f	f
Donations and legacies			977,195	60,000	1,037,195	343,888
Charitable activities			468,564	2,045,093	2,513,657	1,571,206
Other trading activities			172,497		172,497	438,814
Interest received			932		932	8,233
Totalincome			1,619,188	2,105,094	3,724,282	2,362,141
Expenditure on:
Raising funds			195,026		195,026	254,212
Charitable activities			1,576,865	1,888,217	3,465,082	3,009,154
Total expenditure			1,771,891	1,888,217	3,660,108	3,263,366
Net income/(expenditure)			(152,703)	216,877	64,174	(901,225)
Transfers between	funds		(13,625)	13,625
Net movement in funds		20	(166,328)	230,502	64,174	(901,225)
Reconciliation offunds:
Total funds brought	forward	20	1,681,397	95,229	1,776,626	2,677,851
Total funds carried	forward		1,515,069	325,731	1,840,800	1,776,626

Comparative information in resp	ect ofthe pre	ceding period is as	follows:
		Unrestricted	Restricted	2020	2019
	Notes	Funds	Funds	Total	Total
Income from:		6	E		6
Donations and legacies		343,888		343,888	380,165
Charitable activities		467,523	1,103,683	1,571,206	1,364,575
Other trading activities		438,814		438,814	1,679,396
Interest received		8,233		8,233	6,014
Totalincome		1,258,458	1,103,683	2,362,141	3,430,150
Expenditure on:
Raising funds		254,212		254,212	788,166
Charitable activities		1,713,143	1,296,011	3,009,154	2,230,162
Tota I expenditure		1,967,355	1,296,011	3,263,366	3,018,328
Net income/(expenditure)		(708,897)	(192,328)	(901,225)	411,822
Transfers between funds		10,862	(10,862)
Net movement in funds	20	(698,035)	(203,190)	(901,225)	411,822
Reconciliation offunds:
Total funds brought forward	20	2,379,432	298,419	2,677,851	2,266,029
Total funds carried forward		1,681,397	95,229	1,776,626	2,677,851

		Notes	2021	2020
			6	6
Fixed assets
Intangible assets		14		5,124
Tangible assets		15	88,908	61,682
Investments		16	1	1
			88,909	66,807
Current assets
Debtors		17	309,374	269,064
Cash at bank	and in hand		2,277,548	2,393,553
			2,586,922	2,662,617
Creditors
Amounts falling due within one year		18	835,031	952,798
Net current	assets		1,751,891	1,709,819
Net assets			1,840,800	1,776,626
Funds
Unrestricted	funds
General funds		20	1,365,069	1,531,397
Designated	funds	20	150,000	150,000
Restricted funds		20	325,731	95,229
Total funds			1,840,800	1,776,626

			Notes	2021	2020
				f	6
Cash flow from operating	activities		22	(55,529)	(634,773)
Cash flow from investing	activities
Payments to acquire tangible		fixed assets		(61,408)	(47,240)
Interest received				932	8,233
Net cash flow from investing		activities		(60,476)	(39,007)
Net decrease in cash and	cash equivalents			(116,005)	(673,780)
Cash and cash equivalents	at	1stJune 2020		2,393,553	3,067,333
Cash and cash equivalents	at	31st May 2021		2,277,548	2,393,553
Cash and cash equivalents	consists of:—
Cash at bank				2,277,548	2,393,553
Cash and cash equivalents	at	31st May 2021		2,277,548	2,393,553

2.	Income from	donations	donations	and legacies			Unrestricted	Funds
							2021	2020
					Unrestrictedf	Restricted E	Total f	Total E
	Donations				664,301	60,000	724,301	124,263
	Liverpool FC	donation	in	kind	312,894		312,894	219,625
					977,195	60,000	1,037,195	343,888
3.	Income from	charitable		activities			2021	2020
					Unrestrictedf	Restricted E.	Total E	Total 6
	Project income:
	Football &Sports Development				2,118	454,276	456,394	301,485
	Community	Engagement				690,585	690,585	156,250
	Youth Work					184,644	184,644	240,596
	Education &Skills				11,221	426,550	437,771	360,788
	Employment	&Training				110,749	110,749	32,012
	Health &Wellbeing					178,289	178,289	35,556
	Other charitable income				455,225		455,225	444,518
					468,564	2,045,093	2,513,657	1,571,206

Income	from other trading activities	Unrestricted	Funds
		2021	2020
		Total	Total
		E	E
Events	income	172,497	438,814
Interest	received	Unrestricted	Funds
		2021	2020
		E	E
Interest	receivable	932	8,233

	Analysis ofexpenditure
6.	charitable activities			2021	2020
		Staffcosts	Other	Total	Total
		E	f	6	6
	Project expenditure:
	Football &Sports Development	289(931	149,681	439,612	356,914
	Community Engagement	350,905	401,808	752,713	492,736
	Youth Work	158,816	43,834	202,650	299,132
	Education 8 Skills	416,020	289,190	705,210	601,793
	Employment 8 Training	54,136	27,353	81,489	42,728
	Health &Wellbeing	68,137	67,810	135,947	38,118
	Foundation Activity		298,107	298,107	272,261
	Support Costs	597,129	252,225	849,354	905,472
		1,935,074	1,530,008	3,465,082	3,009,154
				2021	2020
		Unrestricted	Restricted	Total	Total
			6	6	6
	Project expenditure:
	Football &Sports Development	59,998	379,614	439,612	356,914
	Community Engagement	176,634	576,079	752,713	492,736
	Youth Work	16,430	186,220	202,650	299,132
	Education &Skills	267,913	437,297	705,210	601,793
	Employment &Training	1,065	80,424	81,489	42,728
	Health &Wellbeing		135,947	135,947	38,118
	Foundation Activity	298,107		298,107	272,261
	Support costs	756,718	92,636	849,354	905,472
		1,576,865	1,888,217	3,465,082	3,009,154

Allocation ofsupport costs	Allocation ofsupport costs	2021	2020
		6	6
Governance	(see note 8)	8,400	8,400
Staff costs		597,129	589,703
Depreciation		11,051	18,868
Loss on disposal offixed assets			13,276
Office costs		49,571	44,049
Legal and professional		13,639	14,315
Information	technology	1,350	185
Advertising		6,649	13,009
Donation in	kind	138,165	109,001
Other		23,400	94,666
		849,354	905,472

Governance costs			2021	2020
			f
Audit and accountancy	fees		8,400	8,400
Net income/(expenditure)		for the year	2021	2020
			E	E
This isstated after charging:-
Amortisation of intangible		fixed assets	5,124	5,124
Depreciation oftangible	fixed assets		34,051	33,047
Auditors' remuneration	-	audit	8,400	8,400
Operating lease rentals			60,532	60,532

		2021	2021	2020	2020
		Number	FTE	Number	FTE
Total		56	54	45	43
The total staf costs	and employee	benefits were as follows;-		2021	2020
				E	E
Wages and salaries				1,732,669	1,559,383
Social security costs				156,488	137,199
Defined contribution	pension costs			127,150	80,783
				2,016,307	1,777,365

	The number ofemployees who received total employee f60,000 is as follows:—	benefits (excluding employer pension costs)	ofmore than
		Number	Number
	E90,001 —6100,000
	f100,001 —E110,000
14.	Intangible fixed assets	Booking
		System	Total
		E	E
	Cost
	At 1stJune 2020 and at
	31st May 2021	15,372	15,372
	Amortisation
	At 1stJune 2020	10,248	10,248
	Charge for the year	5,124	5,124
	At 31st May 2021	15,372	15,372
	Net book value
	At 31st May 2021
	At 31st May 2020	5,124	5,124

Tangible fixed assets	Computers & other
	equipment	Total
	E
Cost
At 1stJune 2020	97,105	97,105
Additions	61,408	61,408
Disposals	(314)	(314)
At 31st May 2021	158,199	158,199
Depreciation At 1stJune 2020	35,423	35,423
Charge for the year Disposals	34,051 (183)	34,051 (183)
At 31st May 2021	69,291	69,291
Net book value
At 31st May 2021	88,908	88,908
At 31st May 2020	61,682	61,682

The balance sheet positi	on is as follows:-
		2021	2020
		E	E
Balance sheet
Debtors
Net assets (represented	by share capital)

17	Dbt
.	eors			2021	2020
				E	f
	Trade debtors			113,834	116,316
	Amounts owed by related		undertaking	13,805
	Other debtors			133,555	133,050
	Prepayments and accrued		income	48,180	19,698
				309,374	269,064
18.	Creditors: Amounts falling		due within one year	2021	2020
				E	f
	Trade creditors			134,457	116,673
	Amounts due to related undertakings				25,632
	Amounts due to subsidiary		undertaking	1
	Other tax and social security costs			35,929	33,242
	Accruals and deferred	income		640,310	777,250
	Other creditors			24,334
				835,031	952,798
19.	Deferred income
	At 1stJune 2020				725,789
	Additions during the	year			532,884
	Amounts released to	income			(725,789)
	At 31st May 2021				532,884

		As at				As at
		01.06.20 f	Income f	Expenditure f	Transfers f	31.05.21 f
General funds		1,531,397	1,619,188	(1,771,891)	(13,625)	1,365,069
Designated	funds:
Cash reserves		150,000				150,000
		1,681,397	1,619,188	(1,771,891)	(13,625)	1,515,069

funders for programme d below:—	elivery, in th	e majority via t	he Premier Lea	gue. Details ofth	ese programmes	can be found
		As at				Asat
		01.06.20 f	Income E	Expenditure f	Transfers E	31.05.21 E
Football &Sports Development		20,774	454,276	(379,614)	2,812	98,248
Community Engagement		25,342	653,258	(576,079)	1,020	103,541
Youth Woi'k		12,721	184,644	(186,220)	5,950	17,095
Education & Skills		15,181	426,550	(437,297)	3,840	8,274
Employment &Training			110,749	(80,424)	3	30,328
Health &Wellbeing		21,211	178,290	(135,947)		63,554
Support Costs			97,327	(92,636)		4,691
		95,229	2,105,094	(1,888,217)	13,625	325,731
Comparative information	in respect ofthe preceding		period is as follows:
Unrestricted funds		As at				As at
		01.06.19	Income	Expenditure	Transfers	31.05.20
		f	E	f	E	E
General funds		2,229,432	1,258,458	(1,967,355)	10,862	1,531,397
Designated funds:
Cash reserves		150,000				150,000
		2,379,432	1,258,458	(1,967,355)	10,862	1,681,397
Restricted funds		As at				As at
		01.06.19f	Incomef	Expenditure F.	Transfers f	31.05.20 f
Football &Sport Development		105,876	240,454	(325,554)	(2)	20(774
Community Engagement		139,161	156,250	(264,236)	(5,833)	25,342
Youth Work			240,596	(227,875)		12,721
Education &Skills		26,362	398,814	(421,353)	11,358	15,181
Employment &Training		27,020	32,012	(42,647)	(16,385)
Health & Wellbeing			35,556	(14,346)		21,210
		298,419	1,103,683	(1,296,011)	(10,862)	95,229

		Unrestricted	Restricted
Analysis ofnet assets between funds		funds	Funds	Total
		6	6	6
Fund balances at 31st May 2021are represented	by:
Tangible fixed assets		88,908		88,908
Investments		1		1
Cash		1,951,817	325,731	2,277,548
Other net current assets		(525,657)		(525,657)
		1,515,069	325,731	1,840,800

21	Analysis ofnet assets between	Analysis ofnet assets between	Analysis ofnet assets between	funds (continued)		Unrestricted	Restricted
						funds	Funds	Total
						E	E	E
	Comparative information	in respect ofthe preceding				period is as follows:
	Fund balances at 31st May 2020 are represented				by:
	Intangible fixed assets					5,124		5,124
	Tangible fixed assets					61,682		61,682
	Investments					1		1
	Cash					2,298,324	95,229	2,393,553
	Other net current assets					(683,734)		(683,734)
						1,681,397	95,229	1,776,626
22.	Reconciliation ofnet movement			in funds to net cash		flow from operating	2021	2020
	activities						E
	Net income/(expenditure)	for	year				64,174	(901,225)
	Depreciation oftangible fixed		assets				34,051	33,047
	Amortisation of intangible	fixed		assets			5,124	5,124
	Profit on disposal offixed	assets					131	15,221
	Interest received						(932)	(8,233)
	(Increase)/Decrease in debtors						(40,310)	64,659
	(Decrease)/Increase in creditors						(117,767)	156,634
	Net cash flow from operating		activities				(55529)	(634,773)
23.	Financial commitments