CLARETS IN THE COMMUNITY LIMITED la CoMY Ilmlted by guaranteg) ANNUAL REPORT AMD CONSOLIDATED FINANCIAL STATEMENTS YEAR ENOED 30 JUNE 2021 Company Number: 08615704 Regislered Charity Number: 1155856 AA214C4H5* 16103r2022 COMPANIES HOUSE A07
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aarets in the Communhy Limited-Anrwal Rert and Financlal statements 2020-2021
CLARETS IN THE COMMUNITY LIMITED {a company limited by guarantee} cop¥rEPVS Directors and offrers Directors, report Stslemenl of Directors, $)nSIbIlitieS 10 Independent"Audito¢s pOrt 11 Consolidaled Statement of Financia Activities 14 solidated Balance Sheet 15 Charity Only Baance Sheet 16 Consolidated Cash Flow Statement Notes lo the Consolidated Cash Flow Statement 18 Notes lo the consolidated financia statements 19 Clarets In the Comrnunity Limited-Annual Rewrt aThJ Fina111 Statemeftts 202C202]
CLARETS IN THE COMMUNrrY LIMITED la company limited by guarantee) DIRECTORS AND OFFICERS Dlrectors H Al-Kailani A N Alen (resuned l October 2021) A Anwar (appnted 4 July 2021) M L Garlick (appoinled 7 1 J8nuary 2021) B C Kilby D M Law50n B T Nelson (Chair) A G Pace (appointed 4 July 2021) L Patel D L Rothwell (appointed 4 Juty 2027) A Rushlon (reswned 7 May 2021) R H J Sutton R Webb (resigned 20 December 2021) P A S Wilson The directors e also classed as Trustees for the purposes of the Charity Commission. Chief Executive Olfi¢•r DrSJWard Registerod offK• Turf Moor Harry Polts Way Burnley Lancashire 8810 48X Company number 08615704 Reglstered charity number 1155856 Independent Audllors Azeis Audit Services St Crispin House St Crispin Way Rossendale Haslingden Lancashire BB4 4PW Bankors Barclays Bank plc 72178 Sl Jnes Street Bumley Lancashire BB11 1NH Clarets In the Communlty Limited-AnrvJal Reportand Financial statements 2020-2011
CLAREfs IN THE COMMUNITY LIMtrED (a company limlted by guaranteè) DIRECTORS. REPORT YEAR ENDED 30 JUNE 2021 directS present their rekN)rt and the audited financial statements of the group for the year ended 30 June 2021. Structure. Governance and Management The company is registered as a charity {number. 1155856) wrth the Ch"ty Commission. The charity is constituted as a company limited by guarantee (number.. 08615704) and is governed by ils Artides of Association. The charty operates under ils wothng name of'BUmY FC in the Community,. The charity either advertises for new directors. or apFffoaches indivKJuals wilh the appropriate skills andlor experience to contribute lo the managemenl of the organisation. All directors are appointed flowIng 8 formal recruf(ment process and attend a comprehen$Ne indu¢tion programme. New directors undergo training on their legal oblNJations under charty 2rKJ company law.. the clent of the Memorandum and Artides of Association: the committee and decisK)n-making process.. the business plan and rent financial performance of the charity. During the induction training programme, new directors leam about the organisatn'S purpose, history. aims and objectives. servi, staff and volunteers. facilits. securty. funding, restdents, participation, strategic work. rnJlti- agency involvement and partnership involvement. They also meet key staff personnel to learn about their work rde$. The directors are all volunteers and do not receNe any remuneration for their seNices. The remuneration of the charity's key management personnel is set by annual review and confirmed by the directors. The Burnley Football & Athle Company Limited I'BFC.) is a related party. Related party trans*ions betsveen the charity and BFC are disdosed in the rn)les to the financial slalements. The charity continues to control its wholly-(wmed trading subsidiary, 8FCilC Facilities {Enterprises) Ltd - a company limited by shares (number: 10951684) - vthich has been asSned lo manage, operate and refurbish bolh the Whilehough Outdoor Centre in the Borough of Pendle and the Leisure Box (also in the Borough of Pendle}.. Publlc benefit The directors have had regard to trle Chanty Commission's guidance on public benefits in carrying out the activities of the charity. Objectlvos and Activilies Burnley FC in the Community is a seif-financing registered charty with a mission lo inspire, support and deliver positive change for all. This is achieved through the delivery of 7 community objectives.. 1." To engage wlh our community to raise aspirations. 2. To emtxjwer our ernOYeeS, partners and particrpanls lo champion equalty and inclusion. 3. To promote community cohesion, swal indusion. and health opportunities for young people and adults. 4. To provide an outstanding operational foundation, enabling the charity to operate efficiently. effectively and with the highest levels of integrity. 5. To use our facilit$ to provide long temi sport. physical activities and education OPFK>rtunilies. Clarets In the C0mrnun Llrnited-Annual Repjrt and FIn¢VIl Statements 2020-2021
CLAREfs IN THE COMMUNITY LIMrrED la company limlted by guarantee) DIRECTORS, REPORT YEAR ENDED 30 JUNE 2021 6. To ddiver a holistic edu¢ation81 and employabdity provision lo nge. upskill and embed vital lrfe skills. 7. To provide football develoF)ment oprthunities for young peokqe adults of all abilities from grassrool$ to elite levels of the game. Burnley FC in the Community is tMMItted to developirKJ a ran9e of community-based projects across the boroughs of Burn. Pendle. Rossendale. Ribble Valky and Calderdale. The charity has four core values which are the ideals il strives to achieve every day in the delivery of its activities and charilable vth: Inclusive. Inlegrity, PassKJnate and ResInI. The charity delivered a WK5e range of community projects during the 20221 financial year induding.. Premier League Primary Stars Premier League Kicks Premier League Inspires Female Football Disability Sport Schools Sport Football Coaching Youth Crime Reduction Clarets Welcome- Refugees Project Veterans Programme Active Clarets - Health and Wellbeing Pr(*Jrammes Mental Wellbeing Programme Achieving Moor (Intervention Project) Get Outdoors Project lat Whitehough OLrtdoor Centre) Achièvèments and Perforniance This financial year represents the charity's seventh fvll year of operations. During the year, the charity engaged with over 40.000 indtviduals, delNering over 40 communtty projects in 8urnley 2nd the wider region. The year saw the charity continue to feel impacl of CovKJ19. Local lockdowns meant that the vast majority of our progfammes ceased in their usual fwnat and we had to adapt our activity to work within both local national restrictions. The most severe impact of Covid19 was the temporary Closure of our two facilities. the Leisure Box and Whitehough. with an immedple drop in income from both facilit5. De5Ptte the lessening of restrictions we have continued lo experience a signifunt increase in demand for our fwdbank. the Burnley Community Kitchen. We have continued to work in partnership with several organisalions in the area as part of 8urnleyTogelher lo ensure that we vRre able to Supp the most vulnerable in the town. The Charity was grateful for the support of funding partners and the govemment furlough s¢heme. which enaled the charty to navigate this diifujlt period. Al the year end, the charity employed 57 full lime staff and 30 part lime staff and has fvrther established a strong team of coxhes. teachers. mentors. administrators, manager5 and other skilled practitioners to develop the Work of the charity further. aa15 in the Comrnunity LiMed-Annl Rer and Finantial Staiernents 2021¥2021
CLARETS IN THE COMMUNifY LIMITED (a company limited by guarantee) DIRECTORS, REPORT YEAR ENDED 30 JUNE 2021 Financlal Revlew A summary of the financial performarKe for the yew ended 30 JurE 2021 can be found in the Consolidated Sl8temenl of Financial ActNities Ipage 14) and a summary of the financial positM)n as al 30 June 2021 can be found in the Consolidated Balance Sheet (page 151. Consolidated income generated for the financial year was £2.576,722. The incorne generaled has reduced bv £1.391,502. mostly due lo the COVID-19 pandemic which forced the Closu of the trading facilitses al The Leisure Box and Whrtehough. Resour¢es expanded during the finanaal year were £2,520.696. a reduction of £895.403 as the charity s(yJghl to cut costs lo combat the challenges brought by COVID-19. Cash and cash equivalents have increased by £317.320 over the reporting period. primarily due to reduced spend on fixed assets. Fundraising The charity undertakes some fundraising actNty in the fomi of fundraising events. the purpose of which is lo generate some unrestricted income for the charity. Any incoming resources from fundraising are recognised in the Consdidaled Statement of Financial ACIN1t5 once the thwity is entitled to the fundraising income and provided that the income has been reliably rneasured. A number of fundraising events were cancdled in IMJht of local lockdowns and the inabiltty lo meet face lo face, and $0 2 number of online fundraising inttkglives were launched lo raise vital funds for Ihe Charty. This Iruded an online memorabilia auction and sponswed run. The chanty did not approach the general public wth regards lo fvrKlraising in an unsoticiled mamer and does not intend lo do so in fuiure yeJs. The charity did nol receive any complaints during ihe year about its fundraising activities. In addItft to the unre$trded funds aThJ donations received, the charity is grateful to the following funders and donor5 who has supported us by way of str1ded grants and donations during the year which have been used to directly delNer provision and ser¥ices: Premw League Charitable Fund The Football Foundation Barclays Inlegraled Communities Innovation Fund The Armed Forces Covenant Fund Twst Lancashire County Council LanCashI Care Foundation Trusl BBC Children in Need The Masonic Charitable Fund 8urnley Borough Council East Lancashire Clinical CommissioniThJ Group Charles Hayward Foundation The Duchy of Lancaster Benevolent Fund LanCashI Environmental Fund Groundwork UK Cash for Kids Community Foundation for Lancashire The Evan Cornish Foundation Clarets in the Comfflunity Lirnited-Annual Rewrtand FinarKial stsrements 2020-2021
CLAREfs IN THE COMMUNITY LIMED (a company limited by guarantè8) DIRECTORS. REPORT YEAR ENDED 30 JUNE 2021 Investment Polldes Under the memOrum and Artides of Assctialion, the chanty has the power lo make any investment which the directors see fit aTrJ as necessary for carying out the ¢haritable activities. During 2020-21, the charity did not invest any fijrther shares in ils trading subsidiary. BFCilC Faciliti85 (Enterprises) Lld. In addition, undef the Memorandum and Artides of AssociatTron. the charity may sel aside income a5 a reseNe against future expendilure. bul only in accordance with its Reserves Polw. Risk Management The directors are aware of their responsibilities to identify. assess aThJ manage the major risks to whKh the charity is exFosed. During the year, the Charity has furthered its work on risk management making all rts staff and volunteers risk aware. All staff and volunteers continue to have a good understanding of their day lo day responsibilities in managing risk. The charity maintsins its 'three lines of defence. model to help with the management of risk. The 'three lines of defence. are three sets of people who collat(•rate to manage risk. A person may belong to more than one set. however, each set as a whole maintains a degree of indepeIenCe from the preceding sel, and each set Is proactNe and d¢)es not wart for the preceding set lo'fail,: 1. The first 'line of defence,. consists of all staff and volunteers. 2. The second 'line of defeno, consists of 211 management colleagues. 3. The third 'line of defen¢e' consists of the Chief Executive Officer and the directors. The charity holds a Princv)al Risk Inventory. on whth all idenlifie(I risks are calegorised and10gged. Each risk is given a severity rating and a likelih¢y)d rating arKI is mapped lo a series of controls. in place to mitigate risks. Conversely. the charity has also a Prinupal Controls Inventory. which lists all controls and maps them to one or more risks as appropriale. Where there is a contrd whh maps to more than orse risk, the charity C811s this a key control. The processes in place to identify, log and rnane risk are reviewed annually. The main risks curTenlty idenlrfth relate lo= seNe5 and liquidity management.. facilitres risk,. turnover of staff., and major incidents which could damage the reputation of the charity. The Priwpal Risk Inventory is reviewed and approved on an annual basis and has been reviewed more regularly in light of the risks posed by COVID-19. Reserves Policy The objective of having unreslricled funds in reserve. is to enable the charity to cope with unplanned events. Very often. the effecls of an unplanned event can be managed in the long-term, but the Group needs reserves in the meantime. The direclors are working towards maintaining overall target levd for all reserves which is equivalent lo three months net operating costs. where fixed assets are dIsnIed when calculating the level of reserves for the charity. The directors believe this level of reserves will miligale against the risk that some income is rrKJre volatile in nature to ensure that the charity's obligations can aayS be mel. Clarets in the Commurmty Limited-AnNal Rertalld FinarKial Statements 2020-2021
CLAREfs IN THE COMMUNITY LIMrrED la company limited by guaranteè) DIRECTORS, REPORT YEAR ENDED 30 JUNE 2021 The directors musl monttor and review the level of reserves annualty, in line with the guidance issued by the Charity Commission,. however, the level of reserves is monitored throughout the year as part of the nomial monitoring and budgelary reporting yocesses. The level of reserves is always discussed by the drectors at their quarterty govemance meelirwJ during the FinCe agenda btem. The directors acknowledge that th8 level of reserves for Ihe charty changes during the year and could , either be a good indutor of the un¢Yedying rPrlar heatth of th& charity,. or coukl be an indicatOT of potential problems. Over the medium to longer temi. in the event th the charity builds signfficanl reserves, the dIr1(S must-. Identrfy vthen reserves are drawn on so that they uThJerstsnd the reasons and can consider the corrective action. rf any, that needs lo t laken. Identrfy when reserve levels rise stgnificanuy above target so that they understand the reasons and can consider the COrrle action. rf any. that needs lo be taken. Ensure that the Reserves Policy continues to be relevant a5 the charity develops or rf the strategy and aetivilies of the charity changes. Plans for futur• p•riod$ The charity has a three-year business plan vthTch is revth and updated annually, in order to achieve ils objectives. The charity wll continue to meet and further delOP existing public. PTNale and voluntary sector partnerships. The charity will look lo enhae and further womte fundrausing iniliattves. so to increase ils reserve levels. Going concern At the time ol approv1r the annual repcrft ar financial statements. the d[rectS have a reasonable expectslion that the ¢hanty has adequale resources to continue in operational existence for the foreseeatAe fvture. DlreG¢ors The directcrfs who served the company during the year were as follows.. H Al-Kailani A N Allen M L Garlick (appointed 11 January 2021) B C Kilby D M Lawson B T Nelson {Chairl L Patel A Rushton (resigned 7 May 2021) R H J Sutton R Webb P A S Wilson Dlsclosure of Infomiatlon to the Independenl Audltors Each direclor has tsken steps that they ought lo have taken as a director. in order lo make themselves aware of any relevant audr( infomwtK)n and lo establish that the company's audrtors are Clarets In the Community Limited-Annual Report and Fifiancrdl Stateft*nts 2022021
CLARETS IN THE COMMUNiff LIMITED (a cornpany limited by guarant98> DIRECTORS, REPORT YEAR ENDED 30 JUNE 2021 aware of thal information. The directors confirm that there i% no felevant infomiation that t know of and which they know the auditors are unaware of. Reappointment of Independent Auditors The auditors. Azets Audit Services. e deemed to be reappointed under section 487 {21 of the Companies Act 2006. LlabS1ity of members The liability of each member by way of Ih"r guarantee to the company is lo COntritle a sum not exceeding ten pourKts to the assets of the company. rf so required on the winding up of the company. Approved by the Board on: and signed on ils behalf by: B T Nelson Director Clarets in Cornmunlty Limrted-Annual ReFKrt and FinarKial si•enRnts 2022021
CLARETS IN THE COMMUNITY LIMITED (a company limited by guarantee) DIRECTORS, REPORT YEAR ENDED 30 JUNE 2021 STATEMENT OF DIRECTORS, RESPONSBILMES - YEAR ENDED 30 JUNE 2021 The directors are responsible for preparing the Directors. Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to rffepare financial statements for each financial year. Under that law the directors have eleeled to prepare the financial statements in accordance wilh United Kingdorn Generally Accepted Accounting Practi (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the company and of the income and expenditure account for that period. In preparing these financ1 statements. the directors are required to.. select suitable acewnling policies and apply them eonsislently.. make judgements and accounting estimates Ihal are reasonable and prudent-. observe the methods and principles in the Charrties SORP-. and prepare the financial statements on the goirKJ conrn basis unless it is inapprowiate lo presume that the company wll continue in sIness. The direcl¢ys we respor6ible for keeping adequate accounting re¢Cd5 that are suffiGient lo show and explain the company s transaCtS and disclose with Teasonable accuracm at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The direclors are also responsible for safeguarding the assets of the company and hence for tsking reasonable steps for the wevention and detection offraud and otr irregulafrties. Clafets in the Commurdty Limited-Annual ftep)rt and Financol Statemenrs Z020-2021 io
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CLARETS IN THE COMMUNtTY LIMITED YEAR ENDED 30 JUNE 2021 Opinion We have audited the financial statements of Clarets in Ihe Communty Limited Ithe 'parent compan> and ils subsidiaries (the 'group'l for the year ended 30 June 2021 which comwise the group slalemenl of financial activities, the group balance sheet, the company balants sheet, the group slalefflenl of cash flows and notes to the financial statements. including signrficanl accounting policies. The financial reporting framework thal has been aPie in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Prxti¢e}. In our opinion the financial statements.. . give a true and fair view of the stste of the group's and the parent company's affairs as al 30 June 2021 and of the group's Pfofit for the year then ended- . have been propedy prepared in accordance with Unrted Kingdom Generalty Accepted Accounting Practice., and . have been prepared in acCOrdae with ihe requirements ofthe Companies Act 2006. Basls for opinion We conducted ow audit in accordance with International Slandards on Auditing IUKI IISAS (UKII and applicable law. Our responsibilitS under those stsndards are fvrther desuibed in the Audilorfs responsibilities fv ihe audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethi¢al Standard . and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is Sufflent and appropriate lo provmle a basis for our opinion. Conclusions relatln9 to going concein In auditing the financial statements, we have conduded thal Ihe directors, use of the going nCern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perf0Ml. we have rt identified ary material uncertainties relating to events or conditions that, individually Of eolleetively. may cast sKJnTficant doubl on the group's and parent company's ability to continue as a going concern for a peric41 of at least twelve month$ from when the financial 51alements are authorised for issue. Our responsibilities and the responsibilities of the directors respect to going coneem are described in the relevant sections of this report. Other Inforvnation The other information comprK8es the information included in the" annual rep1 other than the financial statements and our auditor's report Ihereon. The dire¢lors are responsible for the other information contained within the annual repryl. Our opinion on the financial statements does nol cover the other information and. except to the exlent otherwise expli¢itly staled in our report. we do not express any form of assurance condusion thereon. Our responsibility is lo read the other information and. in doing so, consider whether the other information is materially inconsislenl wlh the financial statements or our knowledge obtained in the course of the audit. or otherwse appears to be malerially misstated. If we identfy such material inconsistencies or apparent material mtsstatemenls. we are required to determine whether this gives rise to a material misstatement in the financial slalements themselves. If, based on the work we have perfomed, we condude that there is a material misslatemenl of this other informaln. we are required to repcfft that facL We have nothing to report in this regard. arets in the Commurmty Limited -Annual ReF•rtand Flnanckil Slatements 2021>2021 li
INDEPENDEpif AUDITOR'S REPORT TO THE MEMBERS OF CLARETS IN THE COMMUNITY LIMITED YEAR ENDED 30 JUNE 2021 Opinions on other mters presGribod by the Companios A¢t 2006 In our opinion. based on the work underlaken in the course of our audil . . the information given in the strategic pOrt and the directors, report for the financial year for which the finanThal slalements are prepared is consistenl with the financial ststements '. and . the strategic report and the ¢Jire¢tors' Frt have been Prepa in accordanr£ wrth applicable legal requirements. Matters on which we a requir•d to rèport by éxception In the light of the knoedge and underslanding of the group and the parent company and ils environment obtained in the course of the audit, we have not identified material misstalernents in the strateg report and the directors. report. We have nothing to report in respect of ts foN¢Mng matters where the Companies Act 2006 requires us to report lo you rf. in our opinion.. . adequate accounting records have nol been kept by the parent company. or retums adequate for our audit have not been received from branches not visited by us". or • the parent company financial statements are not in agreement with the accounting records and retums- or ' certain disclosures of director5. muneratIon SFeufied by law are not made,. or ' we have not recewed all the infornialion arKI eXaallOnS we require for our audtt. Responsibilities of dlrectors As explained more fully in the directors. resrM)nsibililies slatemenl. the directors 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 directors deterniine is necessary to enable the preparation of financial statements that are free from malerial misstatement. whether due lo fraud or error. In preparing the financial statements. directors are responsible for assessing the parent company, s ability lo continue as a going concem. (lisclosing. as applicable, matters reialed to goiThJ eoneern and using the going concern basis of accounling unless Ihe direclors either intend lo liqui(Jate the company or lo cease operations. or have no realist altemalive but to do so. Auditorfs responsibilities for the audit of th• financial sL•mènts Our objectives are to obtain reasonable assurance a)ut whelher the finan¢ial stslements as a whole are free from material misslalemenl. whether due lo fraud or error, and to issue an audIto$ report that indudes our opinion. ReasOnae assurance is a high level of assurance but is rrf)t a guarantee that an audit conducted in accordance with ISAS IUK) will aNvays detect a material misstatement when il exists. Misslatemenls can arise from fraud or error and are considered material rf. individually or in the ag9reg8te. they could reasonably be expected to influence the economic decisions of users taken.on the basis of these financial statements. A further descriptton of our responsibilitEs is availabk on the Financial Reporting Council's websrte at: hllps'.IA•hW4.frc.org.ukJaudit(wsresponsibilrties. This destr¥>tion foms part of our auditor's report. Uso of our rèport This report is made solety to the company's members. as a body. in COrdanCe with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we rnHJht Slate lo the company's members those matters we are required lo sLqte lo them in an auditor's rept and for no other purpose. To the fullest extent pemitted by law. we do nol accept or assume responsibility to anyone other than the company and the company's members as a body. for our audit work. for this report. or for the Opinio we have tsmed. Clarets in the Cornrnunlty Limr(ed-Annual AerAIrt and Financial Statements 20?2021 12
INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF CLAREfs IN THE COMMUNrrY LIMffED YEAR ENDED 30 JUNE 2021 Mr icholas Stockton (Senior Statutory AuditLV) 2 2 FEB 202Z for and on behalf of Azets Audr( Services Charter Accountants Slatulory Auditor St Crispin House St Crispin Way Haslingden R05senda Lancashire BB4 4PW Clarets in the Communty Lim¢(ed-Annual RekKJrtand Financlal statents 202C2021 13
CLARETS IN THE COMMUNrrY LIMtTED CONSOLIDATED STATEMENT OF FINANCIAL ACTivrriES IINCORPORATING A CONSOLIDATED INCOhlE AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021 2021 2021 2021 Restrlded Capltal 2021 2020 Unreslricted Restrict•d Total Total Note Incoming resources Income and endowments from: Donallons and lewes 237.238 10.834 1.250 249.322 810,590 Charitable activities 196.158 1.660.446 1.856.604 2,630,516 Other trading activities 85.543 85.543 332,140 Investments 61 61 312 Other in¢ome 385,192 385.192 194,666 T¢)tal 904.192 1.671,280 2.576.722 3,968 224 Resourus expènded Expenditure on: Raising funds 20.587 20.587 54,214 Charitable actNilies 719.178 1.653,867 127.064 2.XwJ.109 3,360,372 Other 1,513 Total 739,765 1.653.867 127.064 2,520.696 3,416.099 Net Income for the year 164.427 17.413 125,814 56.026 552,125 Transfers between funds Net movement In fvnds 164.427 125.814 56.026 Reconclllatlon of funds: Total funds brought forward 207.259 65.312 1.538.424 1,810,995 1 258.870 Total funds ¢arri•d fomard 371.686 82.725 1,412.610 1.867.021 1.810.995 All amounts rélaté to continuing activlties. All recognlsed galns arKI losses are inGlud¢d in the consolidat Statornenl of Financial Activities. Clarets in the Comrnunity Umited-Annual Report and FinarKsal siateffents 2022021 14
cLARs IN THE COMMUNITY LIMITED CONSOLIDATED BALANCE SHE AS AT 30 JUNE 2021 2021 2021 2020 2020 Note Fixed assets Tangible assets 1,772.340 1,937,296 Current assets Debtors Cash at bank and in hand 10 70.904 556.180 627.084 76,091 238,860 314,951 Credltors: amounts falling due within or year 531,348 435,976 Not currenl assets 121.025 Total assels less rrent liabilities 1.868.076 1,816.271 Credltors: amounts falling due after more than one year 12 {1,055) {5.276} Net assels 1.867.021 1.810.995 Flnanced by: Unreslricled funds 14 371.686 207,259 Reslrlcted fun(Is 14 82.725 65,312 Restricted Capital funds 14 1,412,610 1,538,424 1,867,021 1.810,995 The Inancial tatements we e approved by thè Board of Trustees on .................... ............... fby: B T Nelson Dlrector Clarets In the Community LwnrÉed-Anwal Report and Financial Statennts 2020-2021 15
CLARETS IN THE COMMUNrrY LIMrrED CHARITY ONLY BALANCE SHEET AS AT 30 JUNE 2021 2021 2021 2020 2020 Fixed assels Tangible assets Inveslments 325,163 2,040,(X)1 2.365.164 358,178 2,040,001 2,398.179 Debtors Cash al bank a1 in harKI 10 158,295 235,920 394.215 496,313 761.277 Credltors: aMnIS falling due within one year 11 483.285 412 818 Net current assets 277.992 18.603 Net assets 2,643,156 2 379 576 FinanG¢d by- Unrestricled funds 14 1,038,797 774,328 Restricted fvnds 14 Restricted Capital fur5 14 1.604.359 1.605.248 2.643.156 2 379.576 The fln and ia ents were approved bythe Board of Trustees on......... ........ ................. behalf by". re B T Nelson Director Clarets Inthe (tynnTrty Lirnlted-Annual Report and Finantial Ststeff*nts 2020-2021 16
CLAR$ IN THE COMMUNtrY LIMITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021 2021 2020 Note Cash Ilows Irorn operating activities: Cash generated from operations Interest received Interest paid Net cash provided by l (used in) op•rating activities 351.669 (61) 1,077 352,685 707,309 (312) 713.339 Cash flows fr< investing artivities: Purchase of property, plant and equipment (35,365) (576,845> Net cash provid by l (us•d in) rnv•sting activities (35,3651 (576.845> Change In cash and cash equlvalents In the reporting perlod 317.320 136.494 Cash and cash equivalents at the beginning of th• reportlng perlod 238.860 Cash and cash equivalènts at the end of the reporting p•riod 556,180 238,860 Clarets in the Community Limited-AnMal Report and FinarKial Staterner 2020-2021 17
CLARETS IN THE COMMUNrrY LIMITED NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021 1. RECONCILIATION OF CASH FLOWS FROM OPERATING ACTNMES 2021 2020 Net incfmno for th• rortIng F)eriod (as per the Consolidated Statement Of Finandal Activities) 56,026 S52.125 Adjustments for: Depreciation chwges Loss on disposal of assets Interest received Interest paid Decrease l (increase) in debtors (Decrease) l increase in c*editors 179.220 21.101 61 (1.077) 5.187 91,151 166.676 312 (6,3421 132.925 {138.387) Cash generated from operations 351.669 707.309 2. ANALYSIS OF CASH AND CASH EQUIVALENTS 2021 2020 Cash at bank and in harKI 556.180 238.860 Total and cash equlvalents 556.180 238,860 3. ANALYSIS OF CHANGES IN DEBT At 1 July 2020 238.860 19.8491 229.011 Cashftows 317.320 4.573 321,893 At 30 June 2021 556.180 15,276) 550.904 Cash Finance lease obligations Total CLirets In the Community LImted-nyal Repjrt and Financial Statements 2020-2021 18
CLARETS IN THE COMMUNrrY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1. Accounting Policies 1.1 Basis of preparation The financial statements of the charitae organisalion, which is a publi¢ benefit entity under FRS 102. have been Fvepared in accordance with the Charities SORP IFRS 1021 'Aecounting and Reporting by Charities.. Statement of Recommended Practice appluble lo charities preparirYJ their accounls in accordance with the Financial Reporting Standard apFdicable in the UK arKI Republic of Ireland (FRS 102 (effective 1 January 2015}'. and the Companies Act 2006. 1.2 Basis of consolidation The charity has a subsidiary undertaking. The Sub"dIary was irted on T September 2017 and is wmlly owned by Ihe charlty. The consolidated financial statement5 incorporate the results of Clarets in the Community Limited and its subsidiary undertakings on a line by line basis. The consc4idated entity is referred to as the 'Group'. The subsidiary is an entity controlled by the charity. Contrd is achieved where the charity has the power to govern the financial and operating policies of the enlty so as lo obtain benefits from its activities. The results of any subsidiaries acquired during the year are irKlude(l in the Consolidated Statement ot Financial Activities from the effectNe dale of acquisition. Where necessary, adjustments are made lo the Consolidated Slalement Of Financial Activities lo bring 1r a¢Untsng poIleS 10 line with those used by the Group. Inlercompany transactions and balances belween the company and its subsidiary, vthich is a related party, are eliminated in full. There have been no inlercompany gains on transact5 or losses. 1.3 5umfflary of disclosure exemptions As permitted by Section 408 of the Companies Act 2006, a separate Slatement Of Financial Aclivilies dealing with the results of the charitable company only, has not been presented. The total income of the charitable company for the year was £2.359.901 (2020.. £3,584.2071. The net movement in funds of the charitable company only was £263.581 (2020.. £887.682). The charity has taken advantage of the exemption Set in FRS 102.. Seclion 33, not to disdose any trar6actions betsveen itsew and its subsidiary undertaking. 1.4 Going concern Al the time of approving the financial statements, Ihe directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for Ihe foreseeable future. Thus, the dire¢tors eonlinue lo adopt the going concem basis of accounlirvJ n preparing the financial stalemenls. During the year. the spread of COVID-19 has continued to severely impact rnany economies around the globe. The charity operates thIn a sector where measures taken based upon Government advice lo contain the spread of the viru5. Including social distancing. mean that operations may be affe¢led beyond the initial period of lockdown. The charity has reduced costs and taken advantage of available incenlNes lo manage the finarKial impact ol the parKlemic. The directors have considered the financial stabilty of the charity for a period of al least 12 months from the date of signing these financial stalemenls. They have assessed financial perft)rman¢e artrd ensured that the company has sufficient finance available lo mainlain ils cashflow during this perbod. Although there is a degree of uncertainty around Ihe witler econom outlook, the directors do not on5ider there 15 a material uncertainty over going concern. 1.S Fund accounting Unrestricted funds are available for use at the disryelion of the directors in furtherance of the general objectives of the company. Clarets in the Cofflrnunty Limited-Annual Repjrt and Finèncol Staternerrts 2022021 19
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Restricted funds are subject to specffic restricted conditions imwsed by the donors or by the purpose of the grant. The purpose and use of restrted funds (when applicable) is set oul in the notes lo the financial statements. Capital funds are those restricted funds having Slf lmIll)nS rdatiro to capital expenditure. 1.6 Incoming resources All incoming resovrces are induded in the Consolidated Statement Of FInarla1 Activities On the charity has enlillement to the funds. it is rKobable that the income wll be received and the amount ¢an be measured reliably. Grants, where enlillemenl is not eondFtional on the delivery of a Specif performance by the company, are recognised when the ¢ompany becomes uncoThJitionally entiued to the grant. Grants, where related lo performants and specTfic delNerances are acCTrted for as the company earns the right to eonsideralion by its performance. 1.7 Flxed assets Assets costing £1.OIXI or more are capitalised as tangible fixed assets and are carriecl at cost. net of depreciation and any provision for impaiment. Depreeiation is charged so as lo wrile off the cost of assets, other than leasehold propety imwovements over their estimaled usefvl economic live$. as follows= Leasehold and property improvements Play, climbing or other equipment Office. kitchen and eompuler equipment Outdoor equipment Motor vehicles 0.8% per annum straight line S%. 8% or 10% per annum straight line 20Vo per annum straight line 20% per annum straight line 25% per annum slraight lir The ¢ost of tangible assets includes direclly attributsble Cremental costs incurred at their acquisfrtion and installation. The company capitalises assets donated in-kind. unless the value of donated goods cannot be reliably measured. 1.8 Resources expended Liabililtes are recognised as expendrlure as s(A as there is a legal or constructive obligation committing the charity lo Ihat expenditure, il is probable that a transfer of economic tenefils will be required in settlemenl and the amount of obligatitin can be measured reliably. Resources expended are induded in the Consolidated Statement of Financial AclivitEs on an accrued basis. Expenditure which is directly attributable to speofi¢ actrvrties has been included in these cost categories. Where costs are altributable to more than one activity. such as support costs, they have been apportioned across Ihe cost calegories on a basis nSIStent with the use of these resources. 1.9 Slgnlficant Jvdgernents and estimates The preparation of financial statements requires management to make significant judgement5, eslimales and assumptions. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected. The main area of judgement that has the most significant effect on the amounls recognised in the financral slatemenls in relalK)n lo the wognitn of funding from the Premier League Charitable Fund. Clarets in the Comrnunity Limited-Annual Repjrt and Financ1 Statents 2020-2021 20
CLARETS IN THE COMMUNrrY UMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1.10 Investments Interests in subsidiaries are initsalty measured al Cost and subsequenty measured at cost less any accumulated impaiimenl losses. The inveslmenls are assessed for impairment al each reporting date and any impaimienl losses or reversals of impairment10sses are recognised immediately in profil or loss. A subsidiary is an enlity controlled by the company. Control is the power to govem the fina181 and operating policies of the entsty so a5 to obtain benefils from its activities. 1.11 Hlre purchaslng andloasing Rentals payable under operating leases are chwged in the stslemenl of finarKial activtties on a slraight-line basis over the lease term. Assets held under finance leases. whith are leases where substantially all the risks and rewards of ownership have passed lo the company. are capilaltsed in the consolidated balance sheet as tangible fixed assets and depreciated over the shorter of the lease temi and their useful lives. The capi181 elements of future obligations under the leases are indtjded as Ikqbililies in the consolidaled balance sheet. The interest elemenl of Ihe rental obligatn 15 charged lo the conSolated statement of financial activities over the period of the lease and pSentS a conslanl proportion of the balance of apital repayments wtslanding. Assets hetd under hire purchase agreements are capilalised as tangible fixed assets and are depreciated over the srter of the lease term and their useful live5. The capital element of fijture finance payments is irxluded creditors. Finance charges are allocated to accounting periods over the length of the contract and reFffesent a constant proportion of the baan of capital repayrnenls outstanding. 1.12 Flnancial Instruments The company has elected to apply the provisions of Section 11 'BaS Financial InstnJments' and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the Company becomes paty to the contractual byovisions of the instrument. Basic financial assets Basic financial assets, which include debtors. loans lo fdlow group companies and cash and bank balance5. are initially measure(1 al transactKJn price induding Iransactton costs and are subsequenuy carried al amorlised cost using Ihe effective interest rate method unless the affangemenl conslilutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classrfd as receivable within one year are not amortised. Clas$ifi¢ion of financial liabililies Financial liabilities and equity instrumenls are classified according to the substance of the contractual arrangements entered into. An equity instrufflent is any ¢ontr&t thal eviden a residual interest in the assets of the company after deductiry all of its liabilit. 8asi¢ financial liabilities Basic financial liabilities. induding creiiitors, a initially recognised al transaction price unless the arrangement constitules a financiro tran5acbon, where the debt instrument is measured at the present value of the future payments discounted al a market rale of interest. Financial liabilities classrfied as payable within one year are not am(Ytised. Debt instruments are subsequently carried at amortised cosL usirKJ the effective inleresl rate method. Clarets in the Communty Limited -Anwal Report and Finanthil Ststements 2020.2021 21
CLARETS IN THE COMMUNITY UMrrED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 2. Incomlng resources 2021 2021 Restricted Other 2021 Restricted Capltal 2021 Vnrestricted Total Donatl¢ns and legacles Grants received Donations 237,000 238 237.238 10.834 1,250 249,084 238 249,322 10.834 1,250 charltsble acllvltlgs Projects. Courses, farylities and match day incne 196.158 1.660.446 1,856.604 2020 2020 Restricted her 2020 Restricted Capital 2020 Vnre5tricted Total Donatlons and1oga¢ies Grants received Donations 25.0 209,512 234.512 40.0 26.200 66.200 412.093 97.785 509.878 477,093 333,497 810,590 Chavitable activities Projects. course5, facilities and match day in¢Le 785,020 1.845.496 2,630.516 Other tradlng aGtlvltles Al such income relates to unrestricled funds. 3. Expendilure on Charllable actlviti•s 2021 2021 2021 2021 Unrestrict•d R•$tri¢t Other Restricted Capital Totsl Direct costs- projects. wirses. induding specific employee costs Other employee costs Adminislrative expenses Bank charges Depreeialion GainlLoss on disposal of assets Facilities costs Hire purchase interest VAT- partial exemption restriction 104,969 245,893 34,319 2.081 48.778 142 273.622 1.077 8.297 1,205.663 347.683 55,tsJS 402 29.460 265 1.310.632 593,556 89,324 2.483 179.220 26,489 273.622 1,077 23,706 1.982 26.082 15,409 719.178 1.653.867 127,064 2,500.109 Clarets inthe Community 'mIted-AnrtUal Report and Financial Statements 202021 22
CLARETS IN THE COMMUNrrY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 2020 2020 2020 2020 R•stricled (Xher Restricted Capital Total DIrt costs- Projects. ¢OUTses. induding specific employee costs Olher employee costs Administrative expenses Bank charges Oeprecialion Facililtes costs Hire purchase interesl VAT- parlial exemption restriction 273,693 257,361 33.395 5.697 44,765 638.674 1.471.067 420.949 62,020 1.744,760 678,310 95,415 6.342 166,676 638.674 30.714 91.197 1.325 9.882 637 18.351 1.962 28,233 1.264.792 2.004.383 91.197 3,360.372 4. Not incom• for the year is sLed after charglng: 2021 2020 Depreciation Auditor's remuneration - statutory audit fee Auditor's remuneration - ollw accountaw services Operating lease rentals 179,220 166,676 400 80.836 5. Staff costs 2021 2020 Wages and salaries Social se¢urity ci)sls Defined contribution pensK)n costs Defined benefit pension costs 1.683,183 135.306 27.417 3.955 2,122.174 1 $1.680 34.845 3.574 1.849,861 2,312,273 There were no Trustees, remunwion. expenses or 01Pr benefts for the year ended 30 June 2021 {2020.' £nill- The number of eTnployees whose employee beneffts (includKfj national insurance contritwb'ons, bul excluding employer pension costs) eXded £60.000 was: 2021 2020 £100,001- £110,OLKI £70.001- £80.000 Clarets in the Cornmunty Limited-Anhual RepDrt and FIncId1 Statements 2020-2021 23
CLARETS IN THE COMMUNrrY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 The key management pefsonnel of the charity have been idenlrfEd as the Chief Executive Offir. Deputy Chief ExeculNe Officer. Head of Finan and Company Secretary. The aggregate employment benefits. including employers natnal insurance contributK)ns for these key management personnel for the year was £209.765 (2020: £252.558). The average number of employees iUdij part time staff (exduding INstees> analysed by function was: 2021 2020 Ddivery of charitable ivities Management and adminislralion of the charity 55 16 15 71 92 In response to the impact of COVID-19, a reslwcturing of staff wa5 undertaken during the year lo safeguard the long term financial viability of the cornpany. Together with some projects coming to a natural close. this resulted in lower number5 of both delNery staff arxl those involved in administratson and management of the company. 6. Penslons The charity operales a defined contribution pension Kheme which opened lo eligible staff in October 2017. The charity also conlrit)ules lo the Lancashi County Pension Fund as an approved employer in regard lo one employee who Joined the chaftty on a TUPE arrangement from Lancashire County Council. Contributions payable by the charity to these schemes are tharged to the Consdidaled Statement 01 Finan¢ial Aetivi(ies in the period to which tw relale. The contributnS are split between unreslricled and restricted expenditure in the same ratio as Ihe remwing staffing costs for a given indlvidual. 7. Taxation As a registered charty, Clarets in the Community Limtted is exempt from lax on income and gains falling wlhin sections 471489 of the Corporation Tax Act 2010 or section 256 of the TaxatK)n of Chargeable Gains Act 1992 to the extent that these are aPpld to ils charitable objec15. No tsx charges have arisen in the chartty. There is no lax liabilty arising in the trading subsmjiary, BFCitC Facilities (Enterprises} Ltd. Clarets in the Comrnuno Lirnd-AnnUal Reportand Finarfial Staterrnts 2020-2021 24
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 8.Tanglble flxed assets Group Play, kiteh•n cllmbing and and Motor comput•r oth•r Outdoor vehidey equlpment equSpment •quSpment L•asehold property and Improvements Total Cost As al 1 July 2020 Additions Disp05als 974.949 2,005 16,219 38.1 369.872 14.524 30.407 836.638 18.836 48.833 2.268.482 35.365 47.126 500 As al 30 June 2021 960 735 38.1 855.474 48,333 2 2S6.721 Depreciation As al l July 2020 Charge for the year Diswsals 32.743 16.317 30.862 5.863 172,263 70.793 25.440 7S.201 76.480 20.117 9.767 242 331.186 179,220 26.025 As at 30 June 2021 48,717 36.725 217,616 29,642 484.381 Net book valu• As at 30 June 2021 912.018 1.465 136.373 703.793 18.691 1.772,340 As at 30 June 2020 942.206 7,328 197.609 761,437 28,716 1,937,296 Charity only Lo¥s¢hold Play. dimbing and kitchen and and Motor computer other Outdoor Improv•m•nts v•hides ¢qu•wwnt •quipmnt •quiprnnt Total Cost As al 1 July 2020 Additions DisFosa15 266.046 14.740 2.tY)5 234.428 12.849 20.553 7,914 523.128 14.854 20,553 As at 30 June 2021 14.740 226 724 7 914 517,429 Depreciatlon As at 1 July 2020 Charge for the year Eliminaled in resFect of disposals 13.267 2,139 14.740 133.909 43.741 3,034 164,950 1,583 47,463 20.147 20,147 As at 30 June 2021 15.406 157,503 4 617 192,266 Net book value As al 30 June 2021 252.645 69.221 3.297 325,163 As at 30 June 2020 252.779 1ts).519 4.880 358.178 Clarets in the Community Limrted-Annual Report and Financval Ststements 2020-2021 25
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Hire purchase and finance lease assets Included within the nel book value of consolidated tangible fixed assets 15 £1,466 (2020.. £7.328) in respect of assets held under hire purchase or finan lease arrangements. DeprtiOn for the year on those assets was £5.86312020: £5.863). Custodlan Trusteeshlp Dlsclosuro No assets were held as custodian trustee during the reporting period. 9. Flxed asset Investments Group Charlty only 2021 2020 2021 2020 Shares in group undertakings 2,040,(X11 2,040,001 2.040.001 2,040,001 Shares in group undertaklngs and participatlng Interosts Subsldlary undertakings Total Cost As at 1 July 2020 As at 30 June 2021 2.040.001 2.040.001 2.040 001 2,040,001 Net book value As at 1 July 2020 As at 30 June 2021 2 040.001 2,040,001 2.040.001 2.040,001 The subsidiary undertaking relates to BFCitC FacIlitS (Enterwises) Ltd {company number 10951684), the principal aclNlties of which are lo operate. manage and refurbish the Whitehough ()Jtdcpar Centre and the Leisure Box bother in the Borough of Pendle. 10. Debtor4 Group Charity only 2021 2020 2021 2020 Trade debtors Prepayments and accrued income Due from group undertakings Value added lax 39.826 31,078 58,723 20,0 3.408 241,460 29.982 4.500 123.813 7.480 70.904 76,091 264,964 158.295 All debtors fall due wlhin one year of the balance sheet dale Uarets in the CommunvMited-AnnUal Report and Financial Statements 2020-2021 26
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 11. Craditors: K)Unts falling due withln one year Group ChthT only 2021 2020 2021 2020 Obligations under finance lease and hre purchase contracts Trade creditors Valve added tax Other taxes and sctial securty Pension costs Salary costs due Accruals and deferred income Due lo group undertakings Provision for doubtful debts 4.221 37.233 18.601 32,269 4,221 42.696 24,776 98.349 6.396 24,702 14,395 32.269 22.663 24,776 98.349 6,396 435,WJ 258.338 4.455 244,912 15,722 1,200 531.348 435.976 483,285 412.818 Obligatbjns under finance lease and hire wrchase contracts a secured upon the assets lo which the Contract relates. 12. Creditors: amounts lalling du* after more than one year Group Charity only .2021 2020 2021 Obligations under fInar lease and hi pur¢ha$e contracts 1.055 5.628 1.OS5 5.628 Obligations under finarte lease and hire purchase contracts are secured upon the assets to which the contract relates. 13. Obligatlons under hlre purchase and finan lease agreements Grwp Chkn only 2021 2020 2021 2020 In one year or less on demand Between one and tsvo years Between two and five years 4.221 1.055 4,221 4.221 1.407 9.849 5.276 Clarets in the Community iimited-Annual ReFOrtand FinarKk41 Statements 2022021 27
CLARETS IN THE COMMUNrrY LIMrrEO NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 14. Movement in funds Group R¢strid*d Unrostrlct Restrlcted Capltal As at 1 July 2020 Nel movement in furKIs 207.259 164.427 371,686 65,312 17.413 82,725 1.538.424 125,814 1.412.610 As at 30 June 2021 Charlty only R•strlct•d Restrfcted Capltal As al 1 July 2020 Net movement in furKIs Transfer between ftjnds 774.328 278,910 14.441 1,038,797 1,605.248 (8891 {14.441) 14.441 As al 30 June 2021 1.604.359 15. Analysls of net assets between funds Group Restrlcted Other UnY•strlci•d R•striet•d Capotal 2021 2021 2021 Fixed assets Current 85sels Creditors.. amounts falling due wiihin one ye Creditors.. amounls falling due after more than one year 359.730 130.771 1117.760) 1.055 371.686 1,412,610 496.313 (413.5881 82.725 1,412,610 Group Re8trlcted Other Restrlct•d 2020 2020 2020 Fixed assets Current assets Creditors.. amounts falling due wthin one year Credilor$.' amounts falling due after more than one year 398.872 131.668 (318.005) 5.276 207.259 1.538.424 183.283 {117,971) 65.312 1,538.424 Clarets in the Communlty Limited-Annual Report and natal Siaternents 2020-2021 28
CLAREfs IN THE COMMUNftY UMrtED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR ThE YEAR ENDED 30 JUNE 2021 15. Analysis of not assots botw••n fvnds (CONTINUED) Charity only Restricted Other Unrestrlcted Restrlcted Capitsl 2021 2021 2021 Fixed assets Current assets Creditors- amounts falling due wthin one ye Creditors: amounts falliry due after more Ihan one year 760.80S 315,530 (37,5381 1.604,359 445,747 {445.747) 1.038.797 1,604,359 Charity only Restricted Othèr Unrestrict•d Restricted Capltal 2020 2020 2020 Fixed assets Current assets Creditors.. amounts falling due viithin one ye Creditors.. amounts falling due after m(Ke than one year 792.931 74.619 (93,222} 1,605,248 319,596 (319.596} 774.328 1.605.248 16. Commitments As at 30 June 2021. the company had annual commitrnents un¢Jer nOn-cancellab operating leases as set out below: 2021 2020 Operating leases which expye within one year: operth.ng leases which expire wrthin iwo and fve years.. Oper*ing leases whi¢h expre after more than fNe years.. 3.408 72.286 568,750 75.000 85.686 593.750 754.436 17. Other related party transactions outside of th¢ Group During the year. Ihe company made the followng related p¥ty transactions outsKle of the Group.. Th• Burnley Foolball & Alhletlc Company Limited {'8FV) Directors M L Garlick and A G Pace are also directors of 8FC. Ad(Jitionally. dire¢tors B C Kilby and B T Nelson were directors of BFC until 30th December 2020. During Ihe year, the cornpany received income from BFC lotalling £1 5.726 {2020-. £167.1411 and il issued credils of £55.000 {2020= £nil>. During the year. BFC provided goods and seryices to the Company tolalling £39,620 {2020.' £3,251). arets rn the Comrnunty LirniEed-Annuèl Rewrt and finarKial Statements 2022021 29
CLARETS IN THE COMMUNITY LIMrrED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 18. Company status The company is limited by guarantee. The guarantors of the compary are J Blake and P A S Wilson. The liability in respect of the guarantee as set out in the Memorandum of Association is limited lo £10 per member of the communty. The Company has a subsidiary undertakiThJ. In future years. il is expected that the subsNYiary makes a profil. It is the intention th81 the subsidiary will gift-aid donate any profits lo the thty, a5 per the objective set out in the Articles of AssocIatn of the subsidiary. 19. Comparatlve Statement of Financial Activilies for the Yeai Ended 30 Juno 2020 Note Urwestricted RestrKted R&stricted Ca"tal Total Incoming resources Income and endowrnents from: Donalrons arKI legacies Charitable activities Other trading aclivits'es Investments Other income Total 234.512 785.020 332.140 312 194.666 1.546.650 1911 696 509,878 810,590 2.630.516 332,140 312 194.666 509 878 3.968.224 1.845.496 Resources expended Expenditure on: Raising funds Charilabbe activit Other Total 54.214 1.264.792 2.004.383 1.513 1.320,519 2 004 383 54,214 3,360.372 1.513 91,197 3.416.099 91,197 Net Income for the year Transfers been funds Net movement in fund$ 226,131 121.156 104.975 {92.687) 121.156 28.469 418.681 552.125 418,681 552 125 Rèconciliation of funds". Total funds brought foThvard Total funds carried forward 102.284 207.259 36.843 65.312 1,119.743 1 258.870 1 538,424 1810.995 Clats In the Cornmuntty Limited-Annual Re and Finarfial Slateff*r4ts 2020-2021 30