CLARETS IN THE COMMUNITY LIMITED
la CoM￿Y 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
#254
aarets in the Communhy Limited-Anrwal Re￿rt 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 Fina￿111 Statemeftts 202C￿202]

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 (app￿nted 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 J*nes 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
direct￿S 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'BUm￿Y 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
f￿lowIng 8 formal recruf(ment process and attend a comprehen$Ne indu¢tion programme.
New directors undergo training on their legal oblNJations under charty 2rKJ company law.. the c￿lent
of the Memorandum and Artides of Association: the committee and decisK)n-making process.. the
business plan and re￿nt financial performance of the charity. During the induction training
programme, new directors leam about the organisat￿n'S purpose, history. aims and objectives.
servi￿, staff and volunteers. facilit￿s. securty. funding, restdents, participation, strategic work. rnJlti-
agency involvement and partnership involvement. They also meet key staff personnel to learn about
their work rde$.
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 asS￿ned 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 ern￿OYeeS, 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 FI￿n¢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 ￿ng￿e. 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 t￿MMItted 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 ResI￿nI.
The charity delivered a WK5e range of community projects during the 202￿21 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 facilit￿5. 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 enal￿ed 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.
aa￿15 in the Comrnunity LiM￿ed-Ann￿l 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 ACIN1t￿5 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 $0 2 number of online fundraising inttkglives were launched lo raise vital funds for Ihe
Charty. This Ir￿uded an online memorabilia auction and sponswed run.
The chanty did not approach the general public wth regards lo fvrKlraising in an unsoticiled mamer
and does not intend lo do so in fuiure yeJs.
The charity did nol receive any complaints during ihe year about its fundraising activities.
In addIt￿ft to the unre$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 LIM￿ED
(a company limited by guarantè8)
DIRECTORS. REPORT
YEAR ENDED 30 JUNE 2021
Investment Polldes
Under the memOr￿um 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 indepe￿IenCe 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 wh￿h maps to more than orse risk, the
charity C811s this a key control.
The processes in place to identify, log and rnan￿e 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 dIs￿nIed 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 a￿ayS
be mel.
Clarets in the Commurmty Limited-AnNal Re￿rtalld 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 Fin￿Ce 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 r￿Pr￿lar 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 dIr￿1(￿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 COrr￿l￿e 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 d￿elOP existing public. PTNale and voluntary sector
partnerships.
The charity will look lo enha￿e 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[rect￿S 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 202￿2021

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 COntrit￿le 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 ReFK*rt and FinarKial si•enRnts 202￿2021

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 financ￿1 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 con￿rn basis unless it is inapprowiate lo presume
that the company wll continue in ￿sIness.
The direcl¢ys we respor6ible for keeping adequate accounting re¢C￿d5 that are suffiGient lo show and
explain the company s transaCt￿S 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 ot￿r
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 aP￿ie￿ 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 acCOrda￿e 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 responsibilit￿S 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 Suff￿lent 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 perf0M￿l. we have r￿t 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 rep￿1 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 informal￿n. 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 m*ters 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' ￿F￿rt 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 kno￿edge 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 eX￿a￿allOnS 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. ReasOna￿e 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 rep￿t 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 state￿nts 202C￿2021
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 202￿2021
14

cLAR￿s 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 Staten*nts 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 a￿1 in harKI
10
158,295
235,920
394.215
496,313
761.277
Credltors: aM￿nIS 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 fur￿5
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 (tynn￿Trty 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• r￿ortIng 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 LIm￿ted-￿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 charita￿e 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 ir￿￿￿ted 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 poI￿leS ￿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 transact￿￿5 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 202￿2021
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 restr￿ted funds (when applicable) is set oul in the notes lo the
financial statements.
Capital funds are those restricted funds having S￿lf￿ l￿mIll￿)nS rdatiro to capital expenditure.
1.6 Incoming resources
All incoming resovrces are induded in the Consolidated Statement Of FInar￿la1 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 acC￿Trted 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 wognit￿n of funding from the
Premier League Charitable Fund.
Clarets in the Comrnunity Limited-Annual Repjrt and Financ￿1 State￿nts 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 fina￿181 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 obligat￿n 15 charged lo the conSol￿ated statement of
financial activities over the period of the lease and ￿p￿SentS 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 s￿rter 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 classrf*d 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 inc￿ne
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¢L￿e
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 20￿2021
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
DIr￿t 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 sL*ed 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, remunw*ion. expenses or 01P￿r 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) eX￿ded £60.000 was:
2021
2020
£100,001- £110,OLKI
£70.001- £80.000
Clarets in the Cornmunty Limited-Anhual RepDrt and FI￿ncId1 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 Offi￿r.
Deputy Chief ExeculNe Officer. Head of Finan￿ and Company Secretary. The aggregate
employment benefits. including employers nat￿nal insurance contributK)ns for these key management
personnel for the year was £209.765 (2020: £252.558).
The average number of employees i￿Udi￿j 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 contribut￿nS 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 aPpl￿d 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 Lirn￿d-AnnUal Reportand Finarfial Staterr*nts 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. Depr￿￿tiOn 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 FacIlit￿S (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 Commun￿v￿Mited-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 202￿2021
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 ￿na￿tal 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 202￿2021
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 th￿ty, a5 per the
objective set out in the Articles of AssocIat￿n 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 be￿en 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
Cla￿ts In the Cornmuntty Limited-Annual Re￿ and Finarfial Slateff*r4ts 2020-2021
30