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2021-08-31-accounts

REGISTERED COMPANY NUMBER: 05053927 (England and Wales) REGISTERED CHARITY NUMBER: 1108538

Report of the Trustees and

Financial Statements For The Year Ended 31 August 2021

for

Sheffield Wednesday Football Club Community Programme (A Company Limited by Guarantee)

Roddis Taylor Robinson Chartered Accountants Statutory Auditor Unit 6, Acorn Business Park Woodseats Close Sheffield South Yorkshire S8 0TB

Sheffield Wednesday Football Club Community Programme

Contents of the Financial Statements For The Year Ended 31 August 2021

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 13
Statement of Financial Activities 14
Balance Sheet 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18 to 28

Sheffield Wednesday Football Club

Community Programme (Registered number: 05053927)

Report of the Trustees For The Year Ended 31 August 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal objectives of the charity are to support education, health and inclusion of both adults and children within the Sheffield City Region, using the game of football and other ancillary sporting activities as an educational tool.

The main aim during the year was to encourage more people, especially children to engage with the charity's programme. The charity further aimed to promote closer links between Sheffield Wednesday Football Club (SWFC) and the local community, to utilise the Club's facilities for improvement in and eduction, health and inclusion.

Significant activities

Community Involvement :

The number of young people and families we reach is over 120,000 and the range of activities provided has also expanded, creating one of the most wide-ranging community programmes not only in football, but throughout sport, health, and education. The city partnerships have increased due to the success of the programmes we deliver across Sheffield including working with key partners SOAR, ZEST and Sheffield City Council. During lockdown restrictions, the charity supported food banks, homeless projects, people in isolation and local fundraising efforts across the City.

Community Programme:

The Sheffield Wednesday Football Club Community Programme (SWFCCP) is the SWFC's charitable arm, established to support the development of cohesive communities within Sheffield and increase engagement, training provision, employability opportunities and support amongst its residents working across four English Football League (EFL) key themes:

We endeavour to encourage confidence, active lifestyles, and participation in sport & education regardless of age, gender, ethnicity and disability.

SWFCCP enjoys major success in connecting the local community with SWFC and is widely recognised as an exciting market leader. We operate under five key aims and objectives:

Partnerships are the key to the programme creating sustainability, with associates on board from Sheffield College, NCFE, Skills Funding Agency, Sheffield City Council, NCS Trust, EFL and Premier League (PL).

Page 1

Sheffield Wednesday Football Club Community Programme (Registered number: 05053927)

Report of the Trustees For The Year Ended 31 August 2021

Education Programme:

Based on the academic year 2020/2021

SWFCCP provides local people with routes into various education, employment and training opportunities which are individually tailored to suit their learning needs. The programmes delivered by the charity aim to improve the motivation, confidence, and self-esteem of people on the courses and help to create life-changing opportunities as they are supported in improving their employability prospects.

We work in partnership with the Sheffield City Council our local authority on our Alternative Provision programme. This programme is for learners who are disengaged with mainstream education, for one reason or another. The wide range of disengaging factors span from learning difficulties to behavioural issues, all learners have the ambition of reintegrating into education. We offer vocational qualifications plus additional numeracy and literacy skills whilst using the power of sport to try and re-engage these young people back in to mainstream education. Pathways are in place for students to attend post 16 provision at SWFCCP at the end of year 11.

Our post 16 Education Provision delivers Study Programmes that include NCFE Level 2 in Sport (Coaching Pathway), BTEC Level 3 Extended Diploma in Sport (Development, Coaching and Fitness). Learners are taught by fully qualified teachers from the charity and re-sit functional skills or GCSE English and Maths if they have not achieved a GCSE grade 4 (or above). All students have an enrichment timetable that includes training and participating in an 11 a side football programme, representing the college in the EFL Community Alliance league or Sheffield and Hallamshire Flexi-League. Learners successfully undertook additional coaching qualifications boosting their employability prospects and contributing to learner satisfaction.

All learners take part in work placements with the aim to improve their CV and give them vital work experience in preparation for Higher Education and employment. All learners have clear pathways through the courses, with progression to Higher Education provision.

We offer a Foundation Degree in Community Football Coaching and Development in partnership with the EFL Trust and the University of South Wales, with a top up to a BSc (Hons) Football Coaching Development and Administration degree. We have a 100% success rate of employment for students that have completed the full BSc (Hons) degree.

Again, in partnership with the EFL Trust, we deliver adult education traineeship programmes for learners aged 19-24 & 25+. The programme is designed to upskill learners to make them more employable. Learners studied various vocational qualifications such as Level 1 in Customer Service, Level 1 in Mental Health Awareness, Level 1 Health and Safety, Level 2 Food Safety, Level 2 NVQ Spectator Safety, and digital skills for pre-employability. Alongside vocational qualifications, learners will focus on further core areas such as work preparation training including CV writing and interview preparation, functional skills in English and Maths up to level 2 and a work placement for 12 weeks.

Page 2

Sheffield Wednesday Football Club Community Programme (Registered number: 05053927)

Report of the Trustees For The Year Ended 31 August 2021

National Citizen Scheme:

Numbers and targets

488 young people have completed the NCS Programme over the last year. Turn up against recruitment has been strong with low attrition.

Partnership Schools

We deliver in the following designated schools and colleges:

Successes

We are the second-largest delivery partner in Sheffield, leading the way with our Changemakers delivery in the region and paving the way as a 'go to' provider within South Yorkshire across the NCS network.

Within the last 12 months our NCS graduates have delivered 11,640 hours of Social Action in the local community, supporting a range of local charities, and raising awareness for charities with personal meaning including Sheffield Children's Hospital, Sparkle, PACT, Baby Basics, City HEARTS, Sands and Community Integrated care where SWFCCP received a special recognition award.

Venues

We have utilised the following venues across Sheffield for the deliverer of different programme phases:

Hillsborough College Hillsborough Arena Hillsborough Stadium Foundry Climbing Centre SWFC Education Hub Bawtry Paintballing Chaucer School

Participation:

Mini Owls:

The Mini Owls session takes place at SWFC Training Ground. These are fun-based learning programmes for three- to twelve-year-olds to encourage all aspects of balance and co-ordination, with both mental and physical development. Over 70 children per week attend each session. Lower numbers were due to COVID restrictions imposed at various locations.

Holiday Programmes:

Soccer Camps are delivered at a wide range of venues across Sheffield. SWFCCP Holiday Programmes are run by FA qualified community coaches and is a fantastic way for children to spend the school holidays.

SWFCCP were successful in delivering various camps as part of the Holiday Activities & Food programme (HAF), engaging over 100 young people in multi-sports activity and providing healthy meals for children on free school meals over the summer holidays.

Page 3

Sheffield Wednesday Football Club

Community Programme (Registered number: 05053927)

Report of the Trustees For The Year Ended 31 August 2021

Development Centres:

This is one of SWFCCP's most high-profile schemes. We run several development centres, which include an Advanced Training Syllabus where sessions are planned in partnership with the SWFC Academy. This gives the chance for participants to potentially progress to the Academy which in turn could lead to a professional career in football. Through the academy, community coaches will recommend young players who show potential, which may lead to an opportunity of a trial with SWFC.

Inclusion Programme:

SWFCCP's Inclusion department is comprised of several strands of work which have developed in size and reach across the reporting period. This includes the youth work diversionary activity, targeted anti-violence mentoring, women and girls' provision, targeted BAMER women's fitness, youth peer research, COVID-19 response, and prison education programmes.

The community programme has partnered with Premier League Charitable Fund (PLCF), South Yorkshire Violence Reduction Unit (SYVRU), South Yorkshire Community Foundation (SYCF), Sheffield City Council, Police and Crime Commissioner (SYPCC), Sport England, Youth Endowment Fund (YEF), UK Youth, I Will and Twinning Project. Development into strengthening these partnerships have led to an increase in SWFCCP's reputation locally and nationally.

The inclusion team engaged with over 1000 young people during the year, between the ages of 8 -18. The purpose of the Premier League Kicks (PL Kicks) initiative through SWFCCP, is to provide safe activities for young people in Sheffield. Our overall aims are to reduce the rates of anti-social behaviour, promote community cohesion, educate young people, and raise aspirations. By engaging young people in constructive activities, including a wide variety of sports, coaching, music, and educational and personal development sessions. Across the year, match funding was sourced to increase the capacity and reach of the project, which included funding from SYVRU through the YOYO Sport initiative, Sheffield Council Safer Communities Partnership, Sheffield Council Community Fund, and I Will Fund. Also, in reaction to COVID-19 funding was secured through the COVID response grant to engage all PL Kicks participants around the current safety measures that were in place and support the uptake of vaccinations.

The inclusion department has seen developments in its youth violence mentoring programme funded by the Premier League Charitable Fund, providing one-to-one and group mentoring for young people at risk of violence and criminal exploitation. Referral pathways through Sheffield City Council, schools and social care led to further investment from SYVRU, allowing for an increase in capacity to support more young people. The projects capacity was then doubled through funding provided by SYPCC's Proceeds of Crime Fund, which increased our engagement figure to 40 young people.

Within this period the inclusion department received investment from Sport England This Girl Can, which led to a programme situated in the Fir Vale community, working in partnership with Fir Vale Community Hub. Across the week, 4 activity sessions were provided for over 100 BAMER women. Furthermore, female engagement through the PL Kicks Project increased to 220 young people, as well as engagement through our girl's development centre offering a structured training pathway for young girls who wanted to develop in football and healthy lifestyles.

In July 2021 the inclusion department prepared to launch their partnership with English Football League Trust (EFLT) and YEF to deliver the Peer Action Collective project. The project is nationally recognised and aims to recruit 6 peer researchers who will engage in a youth research project around youth violence and empower other young people to create change.

Disability Programme:

The Disability Programme aims to improve the quality of life for disabled people by developing the physical fitness of both male and female participants from all age categories. With Sheffield and Hallamshire County FA as one of our key partners, we increased participation in all areas of our programme and push to develop players to a competitive standard which will create more opportunities for elite performers to excel.

Page 4

Sheffield Wednesday Football Club Community Programme (Registered number: 05053927)

Report of the Trustees For The Year Ended 31 August 2021

Through Every Player Counts Programme, SWFCCP have engaged with over 200 children, young people, and adults with SEND. Delivering a variety of sessions within schools, college and community settings, engaging participants in inclusive physical activity. Focus is on providing open-access provision that is accessible to all, to support people to stay active, meet new people and develop a passion for sport and physical activity.

Further to this, SWFCCP continues to help people break down barriers by offering volunteer opportunities and qualifications. Opportunities are provided to develop leadership and coaching experiences to create positive role models for the programme.

Health & Well-being:

SWFCCP Health department's flagship project is the EFL Trust Fit Owls programme, which is funded by EFLT and Wembley National Stadium trust and is a 12-week community-based intervention offering sustainable healthy lifestyle advice and tips to help people aged 35-65 years old to reduce weight.

Using Hillsborough Stadium as a setting for the weight management and health improvement, the programmes use men's and women's loyalty to their football team to encourage them to get active. Participants are 'trained' by club community health coaches for 10 or 12 weeks at their team's home stadium. They receive a modern, science-led program, of how to eat more healthily and become more active.

Across 2020 - 2021 we have engaged with over 60 people through the programme and throughout the course participants focussed on different topics in each session to increase their understanding of the fundamentals of staying healthy. In turn this understanding benefits them when it comes to the physical/exercise part of the programme.

Additionally, the health department delivered on the SWFCCP Fit Club and walking football. Both areas are a great exit pathway for individuals who want to sustain activity with the programme and want to continue their health journey. SWFCCP has a full timetable of activities that people can attend for a monthly fee.

Statement on social responsibility charity policy

The charity supported various other charities throughout the year. A snapshot of this policy includes the following beneficiaries:

Bluebell Wood Children's Hospice The Children's Hospital Charity, Sheffield Weston Park Hospital Cancer Charity St Luke's Hospice S6 Foodbank Royal Society for the Blind Hallam FM Cash for Kids Roundabout Cathedral Archers Project Sense Sheffield Mencap Create a Dream Foundation Yorkshire Ambulance Service Saffron AGE UK Community Grocery Foundation PACT CIC

SWFC through SWFCCP provide match tickets and signed memorabilia for numerous charitable organisations, local schools, and youth organisations. In addition, we work closely with several homeless charities, while the NCS (National Citizen Service) programme works with several charities to raise both their profile and much-needed funds through the social action programmes.

Page 5

Sheffield Wednesday Football Club Community Programme (Registered number: 05053927)

Report of the Trustees For The Year Ended 31 August 2021

STRATEGIC REPORT

Achievement and performance

Charitable activities

In the reporting period, many challenges around delivery of the services were met head on. Covid caused major disruption to various elements of the programme. However, staff adapted sessions/lessons to beat the restrictions and develop more online content.

Fundraising activities

During the pandemic, the Community Programme committed staff to help support other charities within the community, including supporting the S6 Foodbank to pack and distribute food into the local area; setting up a drop off zone at the stadium plus delivering food hampers at Xmas to the members of the Wise Old Owls. In addition to this, a fundraising page was set up on the SWFC website to allow supporters and players/employees to donate to five local charities. Just over £25,000 was pledged and each charity received £5,000.

Key performance indicators

Trustees consider an increase in participation numbers and funding for each programme as key KPI's. Year on year, the programme continues to deliver high level activity across the city.

Financial review

Financial position and performance

The Trustees are pleased with the financial results for this financial year. SWFCCP experienced a stronger financial performance despite the effects of the pandemic.

The information set out in note 4 to these accounts details the main areas of activity for fund raising purposes, the expenditure set out in note 5 to these accounts was incurred in progressing the charity's objectives in delivering its programme of projects and courses.

Principal funding sources

Funding is received from various sources. The main funders are the Premier League, EFL Trust, Sheffield City Council and Sheffield College.

Reserves policy

The overall fund balance on 31 August 2021 has increased over the past year by £379,212 to £657,059. The overall fund consists of £657,059 of unrestricted funds.

The Trustee have committed up to £150,000 from the unrestricted reserves towards the Jubilee facility w as noted in Future plans.

The Trustees have set a reserves policy which requires:

When considering the required level of resources for SWFCCP, the following factors have been considered:

The Trustee's consider the reserves policy in the current year to be a success, unrestricted reserves of £657,059 have been built up from the close monitoring of incoming and outgoing resources during the year.

Page 6

Sheffield Wednesday Football Club Community Programme (Registered number: 05053927)

Report of the Trustees For The Year Ended 31 August 2021

STRATEGIC REPORT Financial review

Going concern and COVID-19 response

During the first lockdown period (March to July 2020), all community activity ceased apart from the online learning for our education students. The shutdown created some instability across the charity which resulted in most staff put on the government furlough scheme. In this financial year, staff began to deliver more face-to-face activities and projects began to open back up again. However, problems with staff shortages due to positive covid tests, hindered the community programme for long period of times.

Principal risks and uncertainties

Major risks have been reviewed and systems and procedures have been established to manage these risks.

Financial and risk management objectives and policies

Many of the income streams are driven by the number of attendees which the Trustees consider to be a significant risk given that costs are partially fixed or are incurred before the actual number of attendees are known.

To address this the Trustees closely monitor the number of recruited persons for each income stream against the budgeted number on which the forecasts were based. Additionally, the EFL set monthly recruitment targets for NCS students which are used by management to monitor the likelihood of achieving the forecast.

Future plans

The Trustees expect the charity to continue to generate surplus funds by way of increasing incoming resources through developing its range of products and services and increasing the number of course attendees.

The Charity began to explore opportunities to develop its own facility at the Jubilee Sportsground during the reporting period. If realised, this will enhance opportunities for local adults and children.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its Memorandum and Articles of Association dated 24 February 2004 and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The charity's Trustees are usually recruited from current officials of SWFC and various professionals who are experienced in both football matters and the objects of the charity and have the necessary skills to carry out their duties.

Organisational structure

SWFCCP operates a functional organisational structure by appointing managers to each area of its core activities who then report to the Head of Community (HOC). The HOC makes decisions regarding the day-to-day operations and the Trustees make decisions regarding long term strategy and development.

Decision making

Salary increases and bonus payments are reviewed yearly by the board. Considered are personal performance, charity performance and overall sustainability of each department. Each member of staff undertakes a 6 monthly appraisal which is reviewed by the HOC and considered once a proposal for increases is submitted to the board. A matrix for renumeration is used in line with other Community Club Organisations (CCO) across the EFL network.

Induction and training of new trustees

SWFCCP follows a safer recruitment policy when recruiting new employees & trustees. The charity ensures no job applicant is treated unfairly on any grounds including race, colour, nationality, ethnic or national origin, religion or religious beliefs, sex, or sexual orientation, marital or civil partner status, disability, or age.

Key Management Remuneration

The Head of Community is considered as Key Management Personnel. Salary is set by the board and reviewed every 12 months.

Page 7

Sheffield Wednesday Football Club

Community Programme (Registered number: 05053927)

Report of the Trustees For The Year Ended 31 August 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Engagement with employees

Regular staff meetings take place throughout the year where the vison of the community programme is communicated to all. Employees are encouraged to share their views/ideas on how to promote and grow the SWFCCP offer.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05053927 (England and Wales)

Registered Charity number

1108538

Registered office

Sheffield Wednesday Football Club Hillsborough Sheffield South Yorkshire S6 1SW

Trustees

D Chansiri J Redgate T Braithwait J E Dean Mrs J Dore (appointed 9.12.21) Dr O P Purohit J Roddison (resigned 13.11.20) P M Senior C J Thornton A J Wallis R J R Wilson Mrs K J Sargant (appointed 24.2.22)

Auditors

Roddis Taylor Robinson Chartered Accountants Statutory Auditor Unit 6, Acorn Business Park Woodseats Close Sheffield South Yorkshire S8 0TB

Community Programme Manager

The Trustees delegate the day to day management of the charity to M Brameld.

Page 8

Sheffield Wednesday Football Club Community Programme (Registered number: 05053927)

Report of the Trustees For The Year Ended 31 August 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

Santander Corporate and Commercial Banking Bridle Road Bootle Mersyside L30 4GB

The Co-operative Bank plc PO Box 250 Skelmersdale NW8 6WT

Solicitors

Muckle LLP 32 Gallowgate Newcastle upon Tyne NE1 4BF

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Sheffield Wednesday Football Club Community Programme for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 30 June 2022 and signed on the board's behalf by:

R J R Wilson - Trustee

Page 9

Report of the Independent Auditors to the Members of Sheffield Wednesday Football Club Community Programme

Opinion

We have audited the financial statements of Sheffield Wednesday Football Club Community Programme (the 'charitable company') for the year ended 31 August 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 10

Report of the Independent Auditors to the Members of Sheffield Wednesday Football Club Community Programme

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

Report of the Independent Auditors to the Members of Sheffield Wednesday Football Club Community Programme

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The charity is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the charity and the environment in which it operates, we determined that the laws and regulations which were most significant included the Charities Act and registrations monitored by external bodies. We considered the extent to which non-compliance with laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management's incentives and oppertunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks related to the recognition of income in accordance with UK GAAP and the completeness of grant income.

Audit procedures performed by the engagement team included:

There are inherent limitations in the audit procedures described above and the more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 12

Report of the Independent Auditors to the Members of Sheffield Wednesday Football Club Community Programme

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Julie Holderness (Senior Statutory Auditor) for and on behalf of Roddis Taylor Robinson Chartered Accountants Statutory Auditor Unit 6, Acorn Business Park Woodseats Close Sheffield South Yorkshire S8 0TB

30 June 2022

Page 13

Sheffield Wednesday Football Club Community Programme

Statement of Financial Activities For The Year Ended 31 August 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Education
Health, Inclusion and Participation
National Citizen Service
Investment income
3
Other income
Total
EXPENDITURE ON
Charitable activities
5
Education
Health, Inclusion and Participation
National Citizen Service
Other
Total
NET INCOME
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
9,937
-
196,808
301,400
503
18,422
527,070
-
158,876
157,860
1,389
318,125
208,945
170,267
379,212
277,847
657,059		 Restricted
fund
£
76,248
701,112
248,198
-
-
79,520
1,105,078
615,965
293,623
25,223
-
934,811
170,267
(170,267)
-
-
-		 2021
Total
funds
£
86,185
701,112
445,006
301,400
503
97,942
1,632,148
615,965
452,499
183,083
1,389
1,252,936
379,212
-
379,212
277,847
657,059		 2020
Total
funds
£
132,958
625,044
399,973
311,281
181
198,568
1,668,005
641,186
542,752
262,844
-
1,446,782
221,223
-
221,223
56,624
277,847

The notes form part of these financial statements

Page 14

Sheffield Wednesday Football Club Community Programme (Registered number: 05053927)

Balance Sheet 31 August 2021

Unrestricted
fund
Notes
£
FIXED ASSETS
Intangible assets
11
3,360
Tangible assets
12
30,559
33,919
CURRENT ASSETS
Debtors
13
195,443
Cash at bank and in hand
562,161
757,604
CREDITORS
Amounts falling due within one year
14
(88,287)
NET CURRENT ASSETS
669,317
TOTAL ASSETS LESS CURRENT
LIABILITIES
703,236
CREDITORS
Amounts falling due after more than one year
15
(46,177)
NET ASSETS
657,059
FUNDS
18
Unrestricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
67,436
17,902
85,338
(85,338)
-
-
-
-		 2021
Total
funds
£
3,360
30,559
33,919
262,879
580,063
842,942
(173,625)
669,317
703,236
(46,177)
657,059
657,059
657,059		 2020
Total
funds
£
9,840
42,319
52,159
79,079
388,322
467,401
(228,124)
239,277
291,436
(13,589)
277,847
277,847
277,847

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2022 and were signed on its behalf by:

R J R Wilson - Trustee

The notes form part of these financial statements

Page 15

Sheffield Wednesday Football Club Community Programme

Cash Flow Statement For The Year Ended 31 August 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Net cash provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2021
£
146,050
(1,389)
144,661
(5,009)
1,586
503
(2,920)
50,000
50,000
191,741
388,322
580,063		 2020
£
211,125
-
211,125
(805)
-
181
(624)
-
-
210,501
177,821
388,322

The notes form part of these financial statements

Page 16

Sheffield Wednesday Football Club Community Programme

Notes to the Cash Flow Statement For The Year Ended 31 August 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2021 2020
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 379,212 221,223
Adjustments for:
Depreciation charges 22,668 23,939
Profit on disposal of fixed assets (1,005) -
Interest received (503) (181)
Interest paid 1,389 -
(Increase)/decrease in debtors (183,800) 69,364
Decrease in creditors (71,911) (103,220)
Net cash provided by operations 146,050 211,125
ANALYSIS OF CHANGES IN NET FUNDS
Net cash At 1.9.20
£		 Cash flow
£		 At 31.8.21
£
Cash at bank and in hand 388,322 191,741 580,063
388,322 191,741 580,063
Debt
Debts falling due within 1 year - (10,000) (10,000)
Debts falling due after 1 year - (40,000) (40,000)
- (50,000) (50,000)
Total 388,322 141,741 530,063

2. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

Page 17

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements For The Year Ended 31 August 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The charity is a private company limited by guarantee. The members of the company are the Trustees named on page 4. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

The presentation of the financial statements including the SOFA has been amended compared with the previous year in order to show a more detailed analysis of the income and expenditure within the main charitable activities.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The amount of income received for specific purposes but not expended in the period is shown in the relevant funds on the Balance sheet. Where income is received and relates to a period other than the accounting period, it it deferred and included within creditors as deferred income.

Where the charity is entitled to grants which have not yet been received, the income is accrued and is included within trade debtors.

Revenue grants included within other income are grants which are not related to a specific activity.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Allocation and apportionment of costs

The charity reports information seperately under three departments which it considers its charitable activities. Support costs have been allocated to specific activities if directly related or allocated on a reasonable basis.

Staff costs directly related to a particular department are included in direct costs within Charitable activities costs where as staff costs relating to the management and administration of the charity are included in support costs.

Intangible fixed assets and amortisation

Intangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition.

continued...

Page 18

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

1. ACCOUNTING POLICIES - continued

Intangible fixed assets and amortisation

Amortisation is provided on all intangible assets at rates calculated to write off the cost on a straight line basis and their expected useful economic lives as follows:

Website costs over 5 years straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Alterations to tenanted property - 15% straight line and 10% straight line Office equipment - 33% straight line and 20% straight line

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated goods and facilities

Donated goods and facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Operating leases

Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

2. DONATIONS AND LEGACIES

Donations
Donated services and facilities		 2021
£
10,516
75,669
86,185		 2020
£
27,975
104,983
132,958

continued...

Page 19

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

3. INVESTMENT INCOME

Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
Health,
Inclusion
and
Education
Participation
£
£
BTEC Delivery
455,475
-
Foundation Degree
43,750
-
Other educational and skills
91,898
-
Employment and training
52,897
-
Premier League funded
projects
-
164,783
Youth work
-
91,156
Community engagement
-
172,914
Other charitable income
-
10,789
Kickstart scheme
57,092
-
Sponsorship
-
5,364
701,112
445,006
CHARITABLE ACTIVITIES COSTS
Education
Health, Inclusion and Participation
National Citizen Service		 National
Citizen
Service
£
-
-
-
-
-
301,400
-
-
-
-
301,400
Direct
Costs
£
464,419
314,300
98,537
877,256		 2021
£
503
2021
Total
activities
£
455,475
43,750
91,898
52,897
164,783
392,556
172,914
10,789
57,092
5,364
1,447,518
Support
costs (see
note 6)
£
151,546
138,199
84,546
374,291		 2020
£
181
2020
Total
activities
£
437,115
16,250
34,626
137,053
42,138
488,019
151,506
29,591
-
-
1,336,298
Totals
£
615,965
452,499
183,083
1,251,547

4. INCOME FROM CHARITABLE ACTIVITIES

5. CHARITABLE ACTIVITIES COSTS

6. SUPPORT COSTS

Education
Health, Inclusion and Participation
National Citizen Service		 Other
overheads
£
110,219
91,576
43,224
245,019		 Staff
Governance
costs
costs
£
£
39,057
2,270
39,812
6,811
39,052
2,270
117,921
11,351		 Totals
£
151,546
138,199
84,546
374,291

continued...

Page 20

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |£|£| |Auditors' remuneration|5,040|2,400| |Auditors' remuneration for non audit work|6,311|3,264| |Depreciation - owned assets|16,188|17,459| |-| |Surplus on disposal of fixed assets|(1,005)| |Website costs amortisation|6,480|6,480| |Operating leases|52,643|52,597|

----- End of picture text -----

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.

9. STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |£|£| |Wages and salaries|770,889|797,097| |Social security costs|52,212|51,605| |Other pension costs|44,886|44,830| |867,987|893,532|

----- End of picture text -----

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |Charitable activities|44|54| |Management and administration|3|3| |47|57|

----- End of picture text -----

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |£60,001 - £70,000|1|1|

----- End of picture text -----

Key management remuneration

The total remuneration and benefits to key management personnel in the year amounted to £68,340 (2020 £66,451).

Pensions and other post-retirement beneifts

The charity operates a defined contribution plan for its employees. The amount recognised as an expense in the year was £44,886 (2020 £44,829). The expense is allocated between restricted and unrestricted funds on the basis of the areas of work performed by the charity's employees.

continued...

Page 21

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Education
Health, Inclusion and Participation
National Citizen Service
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Education
Health, Inclusion and Participation
National Citizen Service
Total
NET INCOME
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
104,983
-
180,489
311,281
181
18,347
615,281
253,977
175,347
126,576
555,900
59,381
161,842
221,223
56,624
277,847		 Restricted
fund
£
27,975
625,044
219,484
-
-
180,221
1,052,724
387,209
367,405
136,268
890,882
161,842
(161,842)
-
-
-		 Total
funds
£
132,958
625,044
399,973
311,281
181
198,568
1,668,005
641,186
542,752
262,844
1,446,782
221,223
-
221,223
56,624
277,847

continued...

Page 22

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

11. INTANGIBLE FIXED ASSETS

INTANGIBLE FIXED ASSETS
Website
costs
£
COST
At 1 September 2020 and 31 August 2021 32,400
AMORTISATION
At 1 September 2020 22,560
Charge for year 6,480
At 31 August 2021 29,040
NET BOOK VALUE
At 31 August 2021 3,360
At 31 August 2020 9,840
TANGIBLE FIXED ASSETS
COST Alterations
to
tenanted
property
£		 Office
equipment
£		 Totals
£
At 1 September 2020 72,638 75,498 148,136
Additions - 5,009 5,009
Disposals - (2,848) (2,848)
At 31 August 2021 72,638 77,659 150,297
DEPRECIATION
At 1 September 2020 38,895 66,922 105,817
Charge for year 9,578 6,610 16,188
Eliminated on disposal - (2,267) (2,267)
At 31 August 2021 48,473 71,265 119,738
NET BOOK VALUE
At 31 August 2021 24,165 6,394 30,559
At 31 August 2020 33,743 8,576 42,319

12. TANGIBLE FIXED ASSETS

continued...

Page 23

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021
£
Trade debtors
147,368
Other debtors
55,708
Prepayments
59,803
262,879
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Bank loans and overdrafts (see note 16)
10,000
Trade creditors
75,843
Other creditors
-
Deferred income
39,496
Accrued expenses
48,286
173,625
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021
£
Bank loans (see note 16)
40,000
Deferred income
6,177
46,177
16.
LOANS
An analysis of the maturity of loans is given below:
2021
£
Amounts falling due within one year on demand:
Bank loans
10,000
Amounts falling between one and two years:
Bank loans
10,000
Amounts falling due between two and five years:
Bank loans
30,000		 2020
£
60,177
12,380
6,522
79,079
2020
£
-
75,483
140
111,233
41,268
228,124
2020
£
-
13,589
13,589
2020
£
-
-
-

continued...

Page 24

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2021
£
34,754
15,000
49,754		 2020
£
22,549
8,251
30,800
18.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 At 1.9.20
£
277,847
-
277,847
s follows:
At 1.9.19
£
56,624
-
56,624		 Net
movement
in funds
£
208,945
170,267
379,212
Incoming
resources
£
527,070
1,105,078
1,632,148
Net
movement
in funds
£
59,381
161,842
221,223		 Transfers
between
funds
£
170,267
(170,267)
-
Resources
expended
£
(318,125)
(934,811)
(1,252,936)
Transfers
between
funds
£
161,842
(161,842)
-		 At
31.8.21
£
657,059
-
657,059
Movemen
in funds
£
208,945
170,267
379,212
At
31.8.20
£
277,847
-
277,847

continued...

Page 25

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
615,281
(555,900)
Restricted funds
Restricted funds
1,052,724
(890,882)
TOTAL FUNDS
1,668,005
(1,446,782)
A current year 12 months and prior year 12 months combined position is as follows:
Net
Transfers
movement
between
At 1.9.19
in funds
funds
£
£
£
Unrestricted funds
General fund
56,624
268,326
332,109
Restricted funds
Restricted funds
-
332,109
(332,109)
TOTAL FUNDS
56,624
600,435
-		 Movement
in funds
£
59,381
161,842
221,223
At
31.8.21
£
657,059
-
657,059

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
resources
£
1,142,351
2,157,802
3,300,153		 Resources
expended
£
(874,025)
(1,825,693)
(2,699,718)		 Movement
in funds
£
268,326
332,109
600,435

continued...

Page 26

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

19. RELATED PARTY DISCLOSURES

Sheffield Wednesday Football Club Limited

Sheffield Wednesday Football Club Limited is controlled by Mr D Chansiri who is a director of Sheffield Wednesday Football Club Community Programme.

During the year Sheffield Wednesday Football Club Limited made payments on behalf of Sheffield Wednesday Football Club Community Programme (net of Job Retention Scheme Grants) amounting to £839,096 (2020 £870,674) which were reimbursed to Sheffield Wednesday Football Club by Sheffield Wednesday Football Club Community Programme.

Sheffield Wednesday Football Club Limited charged goods and services to the Community Programme amounting to £83,591 (2020 £87,735).

In addition to the above, Sheffield Wednesday Football Club Limited provided certain facilities and other support at no cost to the Community Programme. The value attributed to this support during the year ended 31 August 2021 is £75,669 (2020 £104,983). These donated goods and services have been included in these accounts as incoming resources.

At the period end a balance of £42,134 was owed to Sheffield Wednesday Football Club Limited (2020 £55,614).

The nature and amounts of these donated services were as follows;

Season and matchday tickets
Promotion and sponsorship
IT support
Other		 2021
£
31,600
8,469
24,035
11,565
75,669		 2020
£
54,937
15,521
27,462
7,063
104,983

20. POST BALANCE SHEET EVENTS

After the year end the charity has entered into a project which will provide state of the art training/playing facilities for local youngsters. SWFCCP will work in partnership with various grassroots teams and provide playing opportunities for all age groups, male and female. The project is projected to be completed in September 2022 subject to all planning, funding and building regulations being met. The overall cost will be approximately £825,000 which will include full upgrade of the dressing rooms and a full size 3g pitch with lights will be installed.

continued...

Page 27

Sheffield Wednesday Football Club Community Programme

Notes to the Financial Statements - continued For The Year Ended 31 August 2021

21. PURPOSE OF RESTRICTED FUNDS

The charity has received money from sponsors and grant awarding bodies in support of particular aspects of its activities, such income has been accounted for as restricted funds within these accounts.

22. TRANSFER BETWEEN FUNDS

At the year end the restricted fund represents a surplus on activities where funds have been awarded to the charity for particular purposes. Such contracts are recognised in accordance with UK GAAP based on the contract term and costs incurred, any income received in advance is carried forward in deferred income to be released against future expenditure upon which the income was intended. Any surplus recognised at the year end is therefore available to the charity as an unrestricted fund and an appropriate transfer is made.

Page 28