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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Charity,|its Trustees and advisers||
|Trustees' report||||2-8|
|Independent<br>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|





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|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<br>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||||





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||||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<br>and||||||||
|legacies||4|96,931|28,584||125,515|169,150|
|Charitable<br>activities||5|441,726|865,789||1,307,515|1,152,846|
|Other trading<br>activities||6|127,509|||127,509|249,618|
|Total income|and|||||||
|endowments|||666,166|894,373||1,560,539|1,571,614|
|Expenditure<br>on:||||||||
|Raising funds||7|89,627|||89,627|63,922|
|Charitable<br>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<br>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<br>stated|||532,492|585,060|288,926|1,406,478|866,427|
|Prior year adjustment||16|||||96,299|
|Total funds<br>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|









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|||||Note|2021|2020f|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Net cash used<br>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<br>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|||||||





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||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|





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|||||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|





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||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|



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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021<br>6|2021<br>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|





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|||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021f|2021<br>E|2021<br>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|





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||||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|





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||||Inclusion,||
|---|---|---|---|---|
||Foundation|Health &|Cohesion<br>&||
||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|





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|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|





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|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<br>Activities|||14|27|
|Health|&Wellbeing||4|4|
|Inclusion,<br>Cohesion||&Education|24|21|
||||42|52|



|2021|2020|
|---|---|
|No.|No.|



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||Freehold|
|---|---|
||land<br>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|





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|||||||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<br>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|



## 



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|Statement offunds|- curren|t year|||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Balance al|
|||June 2020|Income|Expenditure|in/(out)|31 May 2021|
|||6|8||||
|Unrestricted<br>funds|||||||
|Designated<br>funds|||||||
|Susiainability<br>sink fund||50,750|||23,604|74,354|
|General funds|||||||
|General<br>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<br>funds|||||||
|Properties||288,926||(55,023)|211,389|445,292|
|Restricted funds|||||||
|Health<br>&Wellbeing||213,224|200,000|(134,761)||278,463|
|Inclusion<br>&Cohesion||147,648|422,243|(385,560)||184,331|
|Feed Our Pack|||243,546|(63,770)||179,776|
|Foundation<br>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|





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|Statement<br>offunds|- prior yea|r|||||
|---|---|---|---|---|---|---|
|||As restated|||||
|||Balance at|||Transfers|Balance at|
|||1June 2019|Income|Expenditure<br>E|in/out<br>K|31 May 2020<br>f|
|Unrestricted<br>funds|||||||
|Designated<br>funds|||||||
|Suslainabilily<br>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<br>funds|||||||
|Properties||343,949||(55,023)||288,926|
|Restricted funds|||||||
|Health &Wellbeing||74,001|250,002|(110,779)||213,224|
|Inclusion<br>&Cohesion||108,293|430,150|(390,795)||147,648|
|Foundation<br>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|





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|Summary|offunds - current y|ear|||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Balance at|
|||June 2020f|Income <br>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<br>f|Expenditure<br>f|in/out<br>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<br>-current year||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowmeni|Total|
||||funds|funds|funds|funds|
||||2021f|2021<br>f|2021<br>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|





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|Analysis|ofn|et assets between fund|s<br>-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<br>for:|||||||
|Depreciation<br>charges|||||75,553|74,805|
|(Increase)/decrease|in debtors||||(46,225)|19,754|
|Increase<br>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|





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