2021-05-31-accounts

				Page
Reference and administrative		details ofthe Charity,	its Trustees and advisers
Trustees' report				2-8
Independent auditor's	report	on the financial statements		9-12
Statement offinancial	activities			13
Balance sheet				14
Statement ofcash flows				15
Notes to the financial	statements			16-35

Trustees			K Rogers,	Chair (appointed	Chair (appointed	4 November 2021)
			M Wild
			N Malhotra	(resigned 31 August 2021)
			A Purssell
			C Tonks
			K Rogers
			RSkirrow
			I Millard (resigned 25September 2020)
			A Khan (appointed		7October 2021)
Company	registered
number			06625967
Charity registered
number			1126799
Registered		office	Molineux Stadium
			Waterloo Road
			Wolverhampton
			WV1 4QR
Company	secretary		Muckle Secretary Limited
Head ofFoundation			Will Clowes
Independent		auditor	Dains LLP
			15Colmore	Row
			Birmingham
			B32BH
Bankers			Barclays Bank PLC
			15Colmore	Row
			Birmingham
			B32BH
Solicitors			Muckle LLP
			Time Central
			32Gallowgate
			Newcastle	upon Tyne
			NE1 4BF

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
			2021	2021	2021	2021	2020
		Note	6	8	F	6	8
Income and
endowments	from:
Donations and
legacies		4	96,931	28,584		125,515	169,150
Charitable activities		5	441,726	865,789		1,307,515	1,152,846
Other trading activities		6	127,509			127,509	249,618
Total income	and
endowments			666,166	894,373		1,560,539	1,571,614
Expenditure on:
Raising funds		7	89,627			89,627	63,922
Charitable activities		8	321,757	604,621	55,023	981,401	1,067,940
Total expenditure			411,384	604,621	55,023	1,071,028	1,131,862
Net income I
(expenditure)			254,782	289,752	(55,023)	489,511	439,752
Transfers between
funds		17	20,853	(232,242)	211,389
Net movement	in
funds			275,635	57,510	156,366	489,511	439,752
Reconciliation	of
funds:
Total funds brought
forward as
previously stated			532,492	585,060	288,926	1,406,478	866,427
Prior year adjustment		16					96,299
Total funds brought
forward as restated		17	532,492	585,060	288,926	1,406,478	966,726
Net movement	in
funds			275,635	57,510	156,366	489,511	439,752
Total funds carried
forward		17	808,127	642,570	445,292	1,895,989	1,406,478

				Note	2021	2020f
Cash flows from operating	activities
Net cash used in operating	activities			20	678,270	873,135
Cash flows from investing	activities
Purchase oftangible fixed assets					(7,731)	(10,080)
Net cash used in investing	activities				(7,731)	(10,080)
Change in cash and cash	equivalents	in	the year		670,539	863,055
Cash and cash equivalents	at the beginning		ofthe year		1,838,855	975,800
Cash and cash equivalents	at the end	of	the year	21	2,509,394	1,838,855
The notes on pages 16to 35form part ofthese financial statements

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
	5	8	8
Donations	67,146		67,146
Legacies	29,785		29,785
Capital grants		28,584	28,584
	96,931	28,584	125,515
	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
	5		8
Donations	28,690		28,690
Legacies	8,840		8,840
Capital grants		131,620	131,620
	37,530	131,620	169,150

				Unrestricted	Restricted	Total
				funds	funds	funds
				2021	2021	2021
				6	6	f
Foundation		Activities		367,905		367,905
Health	&Wellbeing				200,000	200,000
Inclusion,		Cohesion	&Education	73,821	422,243	496,064
Feed	Our	Pack			243,546	243,546
				441,726	865,789	1,307,515
				Unrestricted	Restricted	Total
				funds	funds	funds
				2020	2020	2020
					6	f
Foundation		Activities		414,615		414,615
Health	&Wellbeing				250,002	250,002
Inclusion,		Cohesion	&Education	58,079	430,150	488,229
				472,894	680,152	1,152,848

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	5		8
Fundra ising activities	127,509	127,509	178,168
Shop sales and rental income			71,450
	127,509	127,509	249,618

		Unrestricted	Total	Total
		funds	funds	funds
		2021 6	2021 6	2020f
Wages and salaries		82,883	82,883	62,571
Operating	sales costs	6,744	6,744	1,351
		89,627	89,627	63,922

				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	funds
				2021f	2021 E	2021 8	2021
Foundation		Activities		299,310	20,530	55,023	374,863
Health	&Wellbeing				134,761		134,761
Inclusion,		Cohesion	&Education	22,447	385,560		408,007
Feed Our		Pack			63,770		63,770
				321,757	604,621	55,023	981,401
				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	funds
				2020	2020	2020	2020
				8		6	f
Foundation		Activities		476,589	19,782	55,023	551,394
Health	&Wellbeing				110,779		110,779
Inclusion,		Cohesion	&Education	14,844	390,795		405,639
Wolves Aid				128			128
				491,561	521,356	55,023	1,067,940

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2021	2021	2021
					8
Foundation	Activities		273,590	101,273	374,863
Health 8 Wellbeing			98,622	36,139	134,761
Inclusion, Cohesion		&Education	364,589	43,418	408,007
Wolves Aid
Feed Our Pack			8,223	55,547	83,770
			745,024	236,377	981,401

				Activities	Grant
				undertaken	funding of	Support	Total
				directly	activities	costs	funds
				2020	2020	2020	2020
				8
Foundation		Activities		432,398	11,000	107,996	551,394
Health	&Wellbeing			78,162		32,617	110,779
Inclusion, Cohesion			&Education	340,701		64,938	405,639
Wolves	Aid					128	128
				851,261	11,000	205,679	1,067,940

			Inclusion,
	Foundation	Health &	Cohesion &
	Activities	Wellbeing	Education	Wolves Aid
	2021	2021	2021	2021
	K	8	8
Governance	2,769	226	1,638
Service Costs	55,866	14,257	19,511
Finance and administration	42,638	21,656	22,269
	101,273	36,139	43,418

		Feed Our	Total
		Pack	funds
		2021	2021
Governance		1,017	5,650
Service costs		32,645	122,279
Finance	and administration	3,785	90,348
Marketing	and printing	18,100	18,100
		55,547	236,377

Analysis	ofsupport costs (continue	d)
				Inclusion,
		Foundation	Health &	Cohesion &
		Activities	Wellbeing	Education	Wolves Aid
		2020	2020	2020	2020
		f
Governance		3,630	275	1,595
Service costs		54,843	16,566	38,197
Finance and administration		49,523	15,776	25,146
Marketing	and printing				128
		107,996	32,617	64,938	128

		Feed Our	Total
		Pack	funds
		2020	2020
		8	R
Governance			5,500
Service costs			109,606
Finance	and administration		90,445
Marketing	and printing		128
			205,679

				2021	2020
				K	E
Depreciation		oftangible	fixed assets	75,553	73,321
Auditor's	remuneration		-audit fee	5,680	5,500

Staff c	osts
			2021	2020
			E	f
Wages	and salaries		679,976	703,824
Social	security costs		54,314	44,614
Pension costs			17,594	17,352
			751,884	765,790
The average number		ofpersons employed	by the Charity during the year was as follows:
			2021	2020
			No.	No.
Foundation Activities			14	27
Health	&Wellbeing		4	4
Inclusion, Cohesion		&Education	24	21
			42	52

2021	2020
No.	No.

	Freehold
	land and
	buildings
Cost
At 1 June 2020	1,001,591
Additions	7,731
At 31 May 2021	1,009,322
Depreciation
At 1 June 2020	488,477
Charge for the year	75,553
At 31 May 2021	564,030
Net book value
At 31 May 2021	445,292
At 31 May 2020	513,114

		2021	2020
Trade debtors		77,606	69,628
VAT repayable		596
Prepayments	and accrued income	41,147	3,496
		119,349	73,124

						2021	2020
						6
Trade creditors						45,362	20,483
WWFC	creditor					1,080,457	892,965
Other taxation		and	social security				698
Other creditors						288	288
Accruals	and deferred income					51,939	104,181
						1,178,046	1,018,615
Included	in accruals		and deferred	income is deferred	income as follows:
						2021	2020
							f
Deferred	income at		1 June 2020			86,141
Resources deferred			during the year			25,123	86,141
Amounts	released from previous			periods		(86,141)
						25,123	86,141

Statement offunds	- curren	t year
		Balance at 1			Transfers	Balance al
		June 2020	Income	Expenditure	in/(out)	31 May 2021
		6	8
Unrestricted funds
Designated funds
Susiainability sink fund		50,750			23,604	74,354
General funds
General Funds		481,742	666,166	(411,384)	(2,751)	733,773
Total Unrestricted	funds	532,492	666,166	(411,384)	20,853	808,127
Endowment funds
Properties		288,926		(55,023)	211,389	445,292
Restricted funds
Health &Wellbeing		213,224	200,000	(134,761)		278,463
Inclusion &Cohesion		147,648	422,243	(385,560)		184,331
Feed Our Pack			243,546	(63,770)		179,776
Foundation Arena
refurbishment		224,188	28,584	(20,530)	(232,242)
		585,060	894,373	(604,621)	(232,242)	642,570
Total offunds		1,406,478	1,560,539	(1,071,028)		1,895,989

Statement offunds	- prior yea	r
		As restated
		Balance at			Transfers	Balance at
		1June 2019	Income	Expenditure E	in/out K	31 May 2020 f
Unrestricted funds
Designated funds
Suslainabilily sink fund					50,750	50,750
Generalfunds
General Funds		342,184	759,842	(555,483)	(64,801)	481,742
Total Unrestricted	funds	342,184	759,842	(555,483)	(14,051)	532,492
Endowment funds
Properties		343,949		(55,023)		288,926
Restricted funds
Health &Wellbeing		74,001	250,002	(110,779)		213,224
Inclusion &Cohesion		108,293	430,150	(390,795)		147,648
Foundation Arena
refurbishment		98,299	131,620	(19,782)	14,051	224,188
		280,593	811,772	(521,356)	14,051	585,060
Total offunds		966,726	1,571,614	(1,131,862)		1,406,478

Summary	offunds - current y	ear
		Balance at 1			Transfers	Balance at
		June 2020f	Income f	Expenditure	in/out	31May 2021f
Designated	funds	50,750			23,604	74,354
General funds		481,742	666,166	(411,384)	(2,751)	733,773
Endowment	funds	288,926		(55,023)	211,389	445,292
Restricted	funds	585,060	894,373	(604,621)	(232,242)	642,570
		1,406,478	1,560,539	(1,071,028)		1,895,989
Summary	offunds - prior year
		As restated
		Balance at			Transfers	Balance at
		1June 2019f	Income f	Expenditure f	in/out f	31 May 2020
Designated	funds				50,750	50,750
General funds		342,184	759,842	(555,483)	(64,801)	481,742
Endowment	funds	343,949		(55,023)		288,926
Restricted	funds	280,593	811,772	(521,356)	14,051	585,060
		966,726	1,571,614	(1,131,862)		1,406,478

Analysis	ofn	et assets between fund	s -current year
			Unrestricted	Restricted	Endowmeni	Total
			funds	funds	funds	funds
			2021f	2021 f	2021 f	2021
Tangible	fixed	assets			445,292	445,292
Current	assets		1,969,506	659,237		2,628,743
Creditors	due	within one year	(1,161,379)	(16,667)		(1,178,046)
Total			808,127	642,570	445,292	1,895,989

Analysis	ofn	et assets between fund	s -prior year
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
			2020	2020	2020	2020
			6	8
Tangible	fixed	assets		224,188	288,926	513,114
Current	assets		1,471,322	440,657		1,911,979
Creditors	due	within one year	(938,830)	(79,785)		(1,018,615)
Total			532,492	585,060	288,926	1,406,478

					2021	2020
Net income for the year (ss per Statement			of Financial	Activities)	469,511	439,752
Adjustments for:
Depreciation charges					75,553	74,805
(Increase)/decrease	in debtors				(46,225)	19,754
Increase in creditors					159,431	338,824
Net cash provided	by operating	activities			676,270	873,135

			2021	2020
Cash	at bank and	in hand	2,509,394	1,838,855
Total	cash and cash equivalents		2,509,394	1,838,855