CLARETS IN THE COMMUNITY LIMITED (• company Ilmited by guarantee) ANNUAL REPORT AND CONSOUDATED FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2022 Company Number 08615704 Registered Charity Number: 1155856 Iiiiilliii 2W3r2023 COMPANIES FIOUSE Oafets in the Community LA77it¢d-nnual Report artl Finan¢i Staten*nts 2021-2022
CLARETS IN THE COMMUNifY LIMifED la company Ilmlt•d by guaranleo) coKrENTS Page Directors and offKers Directors. report Statement of Directors. resp)nsibIlit5 10 Independent Auditols report 11 consol¥ted Statement of FInarla1 Actrrfities 14 cSO11d81ed Slaternent of Finala1 Posrlion 15 Charity Only Slaternenl of Financial Position 16 COnsolated Cash Flow Statement 17 Noles to the Consolidaled Cash Flow Slalemenl 18 Noles to Ihe nSol1daled finala1 statements 19 Clarets in the ComThwnity Limited -Annval Rep)rtand Finartolstattments 2021-2022
CLARETS IN THE COMMUNITY UMITED la company1Smlted by guarantee) DIRECTORS ANO OFFICERS Directors H Al-Kailani A N Allen (resgned l Oclol)er 2021) A Anw8r (apwnted 4 July 2021) M L Garlick B C Kilby O M Lawson Y Naheed (apptynted 8 Alarch 2022) B T Nelson (Chairl A G Pace (appnted 4 July 2021) L Patel (resigned 10 October 2022) D L Rothwell (oppoinled 4 Jufy 2021) R H J Sulton M Thompson (appointed 26 Januwy 2023) R Webb (regned 20 December 2021) M R Williams {oppoinled 26 January. 20231 P A S Wilson The dectots are also da55ed as Trustees for the purposes of the Chanty Commission. Chlef Executivè Olficer H L Gumian fappointed 16 January 2023) Dr S J Ward (reswned 13 Januay 2023) Registered offi¢ Turf Mo Harry Potts Way 8umley Lancashire BB10 4BX Company number 08615704 RegiSter•d charlty numbor 1155856 Independent Audltors Azets Audit Services Crown House Bridgewater Close Bumley BB11 STE Bankers 8arclays Bank plc 72178 St James Street Burnley Lancashire 8B11 1NH Oar$ in Comrnunty Linrted-Ial Reffi aThl namal Statements 2021-2022
CLARETS IN THE COMMUNITY UIATED (a u)mpany limiled by guarantse) DIRECTORS. REPORT YEAR ENOED 30 JUNE 2022 The directors present their reFKJrt and thè audiied financi81 statements of the group the CA)m pany for the year ended 30 June 2022. Structure. Govrnw¢e and Management The eomptny is regstered as a charity (number. 1155) wrlh the Charity Commission. The charity is constituted as a company limited by guarantee (number. l)8615704) and is governed by its Articles of Assfxiation. The charity operates under its working name of'Bumley FC in the Communty,. The charity either 8dverhses for new (Jire¢tors. or approaches indimduals 7Mth the appropriate skli Is andlor experierKe lo ntribUte lo the management of the organis8bon. All directors are appointed following a formal ¢[ullMent process and 8ttend a comprehensNe irMJuclIc progromme. New 1Cl(S undergo training on their al obligalions under charity and company la. the content ol the Memorandum and Articles of A$Sation. the committee and decision-rnaking pr¢)cess', the busrness plan and recent financial perf0rrnar of the tharity. During the induction training pro9ramme. rwi directors leam about the organisation's purpose. history. aims and objectives, services, staff and volunteers, facilit$. se[ty. fvnding, safeguarding requirements. ressdents, participatn. slr8tegic wryk. multi-agency involvement and partnership involvemenl. They also meet key stsff personrl lo leam about their roles. The directors are all volunteers and do not receive any remuneration for their services. The remuneration of the chanty's key management personnel is set by amual review and confirmed by the directors. The Bumley Football & Alhlelic Company Limited I'BFC'I ts a related party. Related p¥ty transactions befvleen the charity and BFC are dL8cJosed in the notes lo the finanrAal statements. The charity continues lo control its whdly-ovmed trading subsidiary, BFCITC Facilities (Enlerprisesl Ltd - a company limited by shares (number.. 109516841- which has been assigned to operate the Whitehough t00T Centre and Ihe Leisure Box communty leisure faality, both in Ihe Bor0 of Pen¢Je. Public ben•fll The directors have had gard to the Charty commiss.$ gumlanee on public beneffts in carrying out the aclivits.es of the ch8rty. OblectIv and Actlvities Bumley FC in the Communty is a self-financing registered eharty wth a rnission to inspi, support and deliver postwe change for all. Ths is atheved throw Ihe delivery of 2 overarching outcomes and 3 targeted outcomes.. Overarching Outcomes 1. To hamess ihe unique standing of Bumky FC to dekver lastirvJ tharvJe in Ihe bcal mmunity. 2. To embed ourselves w) the local communty ky the I19 tem operating outstanding facilities. Clarets in the Community Lfjftthed -Annual Re and FIA)n¢ial St*ements 2021-2022
CLARETS IN THE COMMUNITY LIME0 (a ¢ompany limrt¢d by guarantee) DIRECTORS. REPORT YEAR ENDED 30 JUNE 2022 Targeted Outcomes 1. Engage with our communities lo raise aspirations. 2. SupFJrt our community to live healthy lives. 3. Create a level playiro field for al to engage in sport arml physul actNty. Bumley FC in the Communty is commrtted lo developing a range of community-based projects across the Iyyou5 of Burntey, Pendle, Rossendale. Ribble Valley and Calderdale. The charity has four core values which are i(Jeals it strives to achieve every day in the delivery of ils aclivities and CharItse work.. Inclusrve, Integrity, PaSsK&te and ResI1nI. The charity delivered a wide range of communty projects during 2021-22 financial year including.. Premier League Primary Stars Premier League KkS Premier League IpireS Female Football Disability Sport Schools Sport Football Coaching Youth Crime Reductitin Clarets Wel¢ome- Refugees Proje¢t Veterans Pfograrnme Active Clarets- Health and Wellbeing Prc3rammes Mental Wellbeing PrtsJramme Achieving Moof Ilnlervention Project) Gel Outdoors Project {* Whrtehwgh Outdo(w Centre) A¢hiov•m•nts and P•rfomiance This financial year represents Ihe chanty's eKJhth full year of operatb)ns. During the year. the charity engaged Mth over 40.C(10 indivKluals. delNering over 50 community projeels in Bumley and the wider region. Despite the lessening of COVID resth'ctions we continued to experience a SnIfiCant increase in demand for our foodbank. the Bumley Communty lQlchen. We have continued to work in partnership with several organisalions in the area as part of BurnleyTogether to ensure that we were able lo support the most vulnerable in Ihe town. Al the year end. the charity employed 83 full time staff and 62 part time staff aThl has further established a strong team of coaches. teachers. mentors. administrators, managers and other skilled practitioners to develop the work of the charity further. Financial R•view A Summary of the financ1 performance for the year ended 30 June 2022 can be found in the Consolidated Slalemenl of Financk41 Activities (page 141 and a summary of the financial position as at 30 June 2022 can be found in the consolJaIed Statement of Financi81 Position Ipage 15). Consolidated income generated for the financial year was £3,340,010. The income generated increased bv £763.288 compared lo the prior year, which wa5 severely impacted by the COVID-19 pandemic that forced the closure ol the Irading flIrtIeS at The Leisure Box an(J Whilehough. Resources expanded during the financial year were £3,240,752, an irtrease of £720.056 compared to the pyior year. as the charity returned to ful operations followitYJ the end of COVID_ 19 restrictions. Clats in ComrnYn Lkniied-Annual Report and Financkal Ststerner 2021-2022
CLARETS IN ThE COMMUNITY UMITED la company Ilmtted by guarantee) DIRECTORS. REPORT YEAR ENDED 30 JVNE 2022 Net ircome for the year was £99,258. an improvement over £56.026 the prior year. Cash and cash equIvantS at 30 June 2022 were £633.979. an increase of £77.799 over the reporting period. The group targets days cash on hand in excess of days and Ihh8 Mained ab)ve 60 days throughout the year. Fundraising The charity undertakes some fvndraising aclNity in the f¢)m of furKlraising events, the purpose of Ythich 15 to generate unrestricted income for the charity. Any incoming resources from fundraIng are recognised in the Consolidated Statement of Financial Activities ortt the charity is enlilkd to the fundraising inrne and prowded Ihal Ihe income has been ieliabty measured. A number of fundraigng events were suttessful in rnL%ng vital fund5 for the charity. including: Burnley FC in the Communty Charty Golf Day Trim on the Turf Burnley FC In the Communty Chwity Thnner Zipline Challenge The charity did not approach the general p11¢ ¥th regards to bJrKlrai5ing in an unsdiciled manner aTrJ does not intend to do so in future years. The chavity did rKJl receive any ¢))mplaints during the year al)oul its fvndraising octiwtses. In addlOn lo the unrestitted funds and donations received, the charity is gr8tefrJl to the following fU#erS and donors VIKJ has supported us by way of restricted grants and donations during the year thich have been used to directly deliver provbsion and services.. Premier League Charilabfe Fund The Football FourKlatiL Barclays Integrated Cc4nmunies Innovaknon Furnl The Amied Forces Covenant Fund Lancashi County Council Lancashire Care FoUndatn Trust BBC Children in Need The Masonic charitsb Fund Burnley Borough cjncil East Lancashire Clinical Commissioning Group Charles Hayivard Foundation The Duchy of Larraster 8erVent Fur¥J Lancashife Environrnenlal Fund Groundwth UK Cash for Kids Communty FouTrJation for LarKashire The Evan C(rrish Foundalic Investment Policies Under the Memorandum and Artides of Associth"on. the tharty has the r*)wer to make any investment which the director5 see fit and as necessary carying out Ihe tharilable aclivities. During 2021-22. the charity did not uivest any further shaffjs in ils trading Subsliary. BFCITC Facdilies {Enlerprisesl Ltd. Clarets in the cOU6fy LSrnrted-AThrwJal Rewt ar#1 nala1 Statements 2021-2022
CLARETS IN THE COMMUNiff UMITED (a ¢ompany limit•d by guarantsa DIRECTORS. REPORT YEAR ENDED 30 JUNE 2022 In addit)n. uTrJer the Memorandum ar Articles of Assoc48tion, ch1 may set aside income as a serve against fulure expeThJrture. but onty in accordance wth ils Reserves Policy. Rlsk Management The directors are aware of their respOnbIll.eS to identify. assess and manage the major risks to which the charity 15 exposed. During the year. the Charity has furthered its work on risk management making all its slaff and volunteers risk aware. All staff arrfl volunteers continue to have 8 9)od understanding of their day lo day reswnsibiliti.es in managing risk. The charity maintains rts 'lhree lines of defence. mcwjel to help with the management of risk. The 'three lines of defence. are three sets of people who collab)rale to manaye risk. A petson may belong to more than one set.. however. each set as a whde maintsins a degree of independence from the preceding set, and each set is proactive and does not wart for the preceding Sel to ffail," The first'line of defence,. consists of all staff and volunteers. 2. The second 'line of defence. consists of all management colleagues. 3. The Ihiid 'line of defence, consists of the Chief ExKutive Offi¢er and the directo. The charity )IdS a Prinapal Risk Inventory. on vthich all idenlifd risks are categorised and I¢ged. Each risk is given a severity rating and 8 like1lhc rating arKI is mapped to a series of controls. in place to mitigale said risks. Conversely, the charity has also a Principal Controls Inventory. which lists all Controls and maps them lo one or rn0 risks as appropriate. Where there is a control mops lo more than one risK the charity calls this a key control. The processes in place to identify, IcrfJ arnj manage risk affj reVIvh annualty. The main risks currenlly Klenlified relate to.. reserves liquidty managemenL facilities risk.. turnover of stsffr, and major incidents which could damage the reputation of the tharity. The Prinapal Risk Irwentory is revwe(l and aFvoved on an annual basis. Resorvos Policy The objective of hawng unStrICted lunds in reserve. is lo enable the charity to cope with unplanned events. Very often, the effects of an unplanned event can be managed in the long-temi. bul the Group needs resves in the meantime. The direct¢ys are wor1(ing towards maintsiniro an overall targel level for am reserves which is equivalent to the monlhs net operating costs. ere fixed assets are discounted when calculating the level of reserves for the charity. The dire¢tOTS believe this level of reserves will mili9ale against Ihe r¢sk that scne income is more vd&"le in nature to ensure that charity's 0b1fvaa1ns can always be met. The directors musl monitor and rewew the level of reserves annualty. in line the guidance issued by the Charity Commission,. however. Ihe level of reserves is monilore¢J throughout the year as part of the normal monitoring and bJ9etsry reporting processes. The level of reserwe5 is ahvays discussed by the directors at their quarterfy governance meeb.ng during the Finance agenda item. The directors acknowledge that the Ve1 of reseryes for the charity ehanges during the year and could either be a good indicator of the underlwng financial heaNh of the charity.. or could be an indicator of F¥)tential problems. aarets thÈ Community Limited -Annval Report and Pinancia Stètemems 2021-2022
CLARETS IN THE COMMUNITY UMITED (a company limltsd by guarantee) DIRECTORS. REPORT YEAR ENDED 30 JUNE 2022 er Ihe medium lo longer tefm. in ts event that the charity builds signrfKanl reseThes, the dtreclors mu$t'. klenlthy vknen re5erve5 are dra¥4n on so that they un(lersland Ihe reasons and can cor6ider the corrective ath'on. rf any. that edS lo be taken. Identify vthen reserve levels rise significantty alM)ve target so that they understand the reasons and consider the correeb.ve action, rf any, that needs to be taken. Ensure that Ihe Reserves Policy continLS lo be relevwt as the chartty develops or rfthe strategy and aclivities of the charity changes. Plans for future periods The charity has a Ihree-year strategy which Tuns from 2022 - 2025 a toJsiness pfan vthich is reviewed and updated annualty, in order to achieve its obj'ectives. The Charity continue to meet further develop existing publr. wive and voluntsry sector partnerships. The tharily NMI look lo enhance and further promote fun1jrats9 inibatives, so lo increase ils reserve levds. Go5ng concern At the time of approving the nUal rep(wl and financial statements, the directors have a reasonable exlatIon that the charity has adequate resources to conlmue in q18tn81 existerte for the foreseeable fviure. Dlre¢to The directors who served Ihe oynpany during the year were as follows.. H Al-Kailani A N Allen (reSned l October 2021) A Anwar (appointed 4 July 2021) M L Garlick B C Kilby D M Lawson Y Naheed (appoinled 8 March 2022) T Nelson (Chair) A G Pace (appointed 4 July 2021) L Patel freSned 10 October 2022) D L Rothwell (appoin1ed 4 July 2021) RHJSutton R Webb (resigned 20 1)ecemb&r 2021) P A S Wilson Disclosure of infornia¢ion to the Independ•nt Audlto Eo¢h d1Clor has tsken steps that they ought lo have taken as a director. in order to make themselves aware of any revant audrt infomialion and to establish th the company's audito are aware of that informatn. The directots Confim that there is no relevant information that they know of and vthich they know the auditots are unaware ot. Oarets in the Commuth M[ted-nnal Repwt •nd FilrlI1 Statenynts 2021.2022
CLARETS IN THE COMMUNITY UMITED la MPanY limit¢d by guarantee) DIRECTORS. REPORT YEAR ENDED 30 JUNE 2022 Appolntment of Independent Audltors In accordance wilh the group's finaneial pdicies. ehoti of independent auditor is VieWed every three years. The nexl review is due ahead of Ihe audit of the xcounls for Ihe ye¥ ended 30 June 2023. A $01tIon proposing the chtyce of aLwJitor for nex¢ yearfs accounts will be pul at a general meeting of the directors. Liability of members The liability of ea¢h member by way of their guarantee lo the company is to contribute a sum not exceeding ten pounds lo the assets of the company. if w required on Ihe *indg up of Ihe wipany. Approved by the Board on: and ggned on ils behalf by: B T Nelson Oireclor aarets fjn the Comrnunty Limfted-Annual Rep and Financkil Ststtments 2021-2022
CLARETS IN THE COMMUNITY LIMITED (a Company limited by guarantee) DIRECTORS, REPORT YEAR ENDED 30 JUNE 2022 STATEMENT OF DIRECTORS. RESPONSBIUTIES - YEAR ENDED 30 JUNE 2022 The diredors are responsible for preparing the Director5, Report and the financial ststements in accordance with applicat4e law and regulations. Company law requires the dreCtO to prepare financial 5tstements for each finarti81 year. Under Ihat law the directors have elecled to prepare Ihe financk41 stalements in accordance with United Kingdom Generally Accepted Accounting PractKe (United Kingdom Accounting Standards and applicable law). Under company law, the directors musl not 8pprove the financial ststements unless they are satisfied that they give a true and fr wew of the state of affairs of the group 8nd the company. and of the income arKI expenditure account for that penod. In preparing these financial statements, the directors are required to". select suitsble aecounling policies and appty them con>stenUy: make judgements and aceounts"ThJ esth"m8tes that are reasonable and prudent: observe the methods and principles in the Charrties SORP.. and ppaTr the financial slalements on the going ccern basis unless it is inaFpropriate to presume that the group and the ccffipany will continue in business. The direclots are responsible for keeping adequate accounting reccKds that are sufficbenl to show and explain the group's and the company's transtS and disclose wrth reasonable accuracy al any time the financial powlion of the grwp and Ihe company aThJ enab them to ensure Ihat the finarKial ststements ¢omrAy with the Comp8ns Act 2CQ6. The directors are also responsible for safeguarding the assets of the group and the company and t*nce for tskirwJ reasonable steps lor the prevention and detection of fra1 and other irwularities. Oarets in the Cornmur¥ty Llmitsd-Annual Rerth Financial Stateffents 2021-2022 io
INDEPENDEKf AUDITOR'S REPORT TO THE MEMBERS OF CLARETS IN THE COMMUNifY LIMITED (a company limited by guarantee) YEAR ENDED 30 JUNE 2022 Oplnion We have audited ts finartial slaternenl$ of Clarets in the Communty Limited (the 'parent ¢ompany'} 8nd ils subsidiaries {Ihe'gr(NJp'l for the year ended 30 June 2022 whth comprise the group statement of financial activities, the group stalement of financial posrtion, the company slalement of financial position. the group slalement of cash flows and note5 to the financial statements. including a summary of snffjnI aecounling pjlicies. The financ1 rewting framework that has been applied in their preparation is appluble law and United Kingdom Accounting Standards, includiThJ FRS 102 The Financial Reporting Standard aPpItsIe in the UK and Republic of Ireland {United Kingjom Generalty Accepted Aecounling Praetiee). In our opinion the financial statements.. give a true and fair view of the state of the group's arKI the parent compan5 affairs as at 30 June 2022 and of the group's profrt for the year then ended" have been properly prepareil in acc(Ndance with Unrted Kingdom Generally Accepted Accounting Practice.. and have been prepared in acc{dar with Ihe requirements of the Companies Act 20. Basis for opinion We conducted our audit in dance with International Standards on Auditing IUKI IISAS {UKI) and applicable law. Our respjnsibilrties under Ih05e starKlards are fvrther d?ribed in Ihe Audit5 responsibilities f(Y the audit of the finanaal statements sects.on of our report. We are independent of the company in CordanCe WFth the ethical requirements that are relevant to our audit of the financial slalemenls in the UK. induding the FRC'S Ethical Stsndard, and we have fUilled our other ethical responsibilities in CordanCe with these requirements. We believe that the audit evKlence we have obtair¢ is sufficient and appropriate to WOVKle a basis for opinK)n. Conclusions relating to golng concern In auditing the financ1 slalements. we have concluded ttlat the direclors. use of the going concern basis of accounting in the preparation of the finan¢wal statements is appropriate. Based on the work we have performed. have not Klentified any material uncertainlw relating to events or conditions that, indivHlually or CA)Ilectively. may cast S1gnrfanI doubl on the company's ability to continue as a going concem for a Per of at least tVe months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the tjirector wilh resFect lo goivvJ concern are described in the relevant sections of Ihbs reFA%t- Other Inforniation The other information comprises the information ffded in the annual rep)rt other than the financial statements and our auditor's thereon. The director is responsitAe for the other information contained within the annual report. Chjr opinion on the financial statements does not cover the other information and, except lo the extent othefwise explic1Y slated in tyJr report. we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and. in doing so, consider whether the other infomalion is materially inconsistent th the financial stslements or our knovledge obtained in the CrSe of the audit. or otherwise appears to be materially misstated. If we identfy such material inconsistencies or apparent material misstalemenls. we are required to determine whether this gives rise to a material mi5s1atement in Ihe financial slalefflenls them5elve5. If. based on the w(vk we have performed. we conclude that there is a material misslatemenl of this other informatDn, we required to report that fact. We have nolhing to report in this regard. Clarets in the ComrnuntyUmited-Annual Rew)rt and Finarnial Statemertts 2021-2022 li
INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF cLARs IN THE COMMUNtrY LIMtTED (a company lirnited by guarantee) YEAR ENDED 30 JUNE 2022 Opinions on olhor matters prescribed by the Companies Act 2006 In our opinion, based on the undertaken in Ihe course of our audit: the information given in the directors. rep for the financial year for whth the financial slatemenls are prepared is consistent wilh the financial stslemenls,. and the direclo¢s report has been prepared n xcordance applicable legal requirements. Mattèrs on T•hi¢h we • raquir to rèport by •x¢•ptitin In the light of the knowledge and understanding of the company and its environment obtain8d in the course of the audit, we have identified material mi5slalements in the director's report. We have nothing lo repxt in respect of the follo4w matters in felalion to which the Companies Act 2006 require5 us lo reFth to you rf, in our opinion.. adequate accountirvJ records have not been kepL or retU[r adequale for our audit have not been received from branches not visited by us. or Ihe financial statements are not in agreement the accounting records and retums," or certain disdosures of directors. remuneralion Sper by law are nol made.. or we have not received 211 the Infomialn and ewanations we require for our audft- or Ihe directors were not entitled to prepare the financial stalemenls in xcordance with the small companies regime and take advantage of the small coMpans. exemption in pparing the direclorfs report and from the requirement to wepare a strategic report. Responsibilities of directors As explained more fully in the directors. reskM)nsibilities stslement. the directors are responsible for the prepafalion of the financial stslements and for being satisfied that they give a true and fair view, and for such internal control as the directors detemine is necessary to enable the preparation of financial statements that are free from malerral misstatement, whether due to fraud or error. In prepariro the financial statements. the directors are fesponsible for assessing the company's ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concern basis of accwnting unless the direclors either intend lo IKJuidale the company OT to ¢ease operations, or has no realistic allernalive but to do so. Audltorfs responsibllilies for the audlt of the financlal statements Our objectives are lo oblain reasonable assurance at*)ul whether the finan¢ial statements as a whole are free from material mi55latement. whether due lo fraud or error. and lo issue an audilo¢s report that indudes our opinion. ReasonatAe a$5urance is a high level of assurartt but is Th)1 a guarantee Ihal an audit conducted in accordance wrth ISAS IUKI will aAyS detect a material misstalemenl when il exists. Misstatements can arise from fraud or error and are consKlered material rf. individually or in the aggregate. they Could reasonably be expected to infiuence the e¢onomic decisK)ns of users taken on the basis of these financial statements. A furthef description of our responsibilities is available on the Financial Reporting Council's website at.. https'.Ilwww_frc.org.ukJaudilorsrestKJnsibilities. This description fornis part of our audilorfs report. Clarets in the Commjnity Limited-Annual Reportand Financial Statements 2021-2022 12
INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF CLARETS IN THE COMMUNrrY LIMITED la company 11m1t by guaranteo) YEAR ENDED 30 JUNE 2022 Extent to whlch the audit was considered capable of detecting irr¢gularitios, includlng fraud Irregularilies, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our resFL)nsibilities. outtined aiM)ve and on ts Financial Reporting Council's websrte. to detect materia misslatemenls in re$F of irregularit*s. indudirKJ fraud. We obtain and update our undwstandiro of the entity. its aclivities. its Control environment. and like future developmen15, in¢hJding in relation lo the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this urKlerslanding, we idenlfy and a55ess the risks of material misstalemenl of the financial slatemenls. whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audrt evidence Ihal 15 sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the enlty that were contrary to applicable laws and regulations. including fraud. In response lo the risk of irregularities and nonvC#)mpliance with laws and regulations, induding fraud, designed procedures which included.. Enquiry of fflanagemenl and those charged wtth governance around actual and potential litigation and daims as well as actual. suspecte(l and alleged fraud.. Reviewing minutes of meetings of those tharged wrth govemance.. Assessing the extent of compliance with the laws and regulations considered lo have a direct material effect on the financial statements or the operatsons of the company through enquiry and inspection.. Reviewiro financial statement disdosures and lesting to supporttng dolMentation lo assess ¢omplian¢e th applicable w5 and regulations" Performing audit work over the risk of management bias and override of controls, including lests'ng of journal entss and other adjustments for appropriateness. evaluating the business rationale of sign[cant transactions oulside the normal c(MJrse of bUnesS and reviewing accounting estimates for indicators of potential bk45. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities. including those leading lo a malerkql misstatement in the finala1 slalemenls or non<ompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transaetb)ns refiected in the financial statements. as we will be less likely to become aware of instances of non-compliance. The risk of not delecling a material misslalemenl resulting from fraud is hher than for one resulliNJ from error. as fraud may involve collusion. forgery. intentional omissions. misrepresentations. or the override of internal control. Use of our report This report is made solely to Ihe company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we rnh1 slate lo the companVs members those matters we are required to state to them in an auditor's report and for no other purpose. To fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a tM)dy. for our audit work. for this report. or fof the opinions we have fornied. Mr Nicholas Stockton (Senior Stslutcry Auditor) for and on behalf of Azels Audil Serv Chartered A¢¢ountsnts Stalulory Auditor Crovm House Bridgewaler Close Nefvrk 65 Business Paik Burnley BB11 STE Clatets in the Community limited-Annval Rep and Financial Statents 2021-2022 13
CLARETS IN ThE COMMUNrrY UMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTivmES (INCORPORATING A CONSOUDATED INCOME AND EXPENDMJRE ACCOUNTI FOR THE YEAR ENDED 30 JUNE 2022 2022 2022 2022 2022 2021 (r•stat•d} Totsl Restrict•d Capitsl Totsl Incoming resources Income and endowments from: Donations and legaaes 414.534 201.366 615.900 359.322 Charitsble activilies 25.875 1.822.838 1,677,429 Other trading activities 810,523 811.723 154,718 Investments 61 Other income 89.544 385.192 Total 2.140.481 1.199.529 3,340,010 2.576.722 Rosources gxpendod Exp•nditure on: Raising funds 980.922 139.005 99.741 1.219.668 589,186 Charitable activities X)3.627 1.513.980 3.477 2.021.084 1.931.510 Totsl 1.484,549 1.652,985 103.218 3 240 752 2.520.696 Net Income for the year 655.932 453.456 103.218 99.258 56.026 Transfers bet4%een funds (370.731 } 370.731 Net movemont in funds 285.201 82.725 103.218 99.258 56.026 R•conciliation of funds: Total fvnds broutht foAwd 82.725 1,412.610 1.867,021 1,810,995 Total funds ¢arrled forward 656.887 1.309.392 1,867.021 All amounts relate to Continuing activiti•s. All r•cognised galns and losses ar• included In th• Con501idated Statement ol Financial A1Ville5. aaTetsintheCommuThty Linied-knrxl Atportand FirwKial Statements 2021-2022 14
CLARETS IN THE COMMUNifY UMITeo CONSOUDATED STATEMEKf OF FINANCIAL posmoN AS AT 30 JUNE 2022 2022 2022 2021 2021 Noto Fixed ass•ts Tangible assets 1.640.310 1,772,340 CUnI assets Debtors Cash al bank arKI in hand 10 .527 633.979 1.290.506 70.9)4 556.180 627.084 Creditors: amounts falling due within one year 531,348 Net currnnt ass•ts 7S).228 95,736 Total assets less curr•nl liabilities 2.390.538 1.868.076 Creditovs: amounts fallir#J after more than one year 12 (424.259) 11.055) 1.966,279 1,867.021 Financed by: Unrestrrcted knds 14 656,887 371,686 Restricted lunds 14 82,725 Restrictsd Capital funds 14 1.309.392 1.412.610 1,966.279 1.867.021 Th• fina and we l6.1.0)ILs ial st temènts were approved by th• Board of on .... ... ehalf by- B T Nelson Oire¢tor Clarets in the Cc47)munity Limited-Annu41 Report and Fiwciil Stalennts 2021.2022 15
CLARETS IN THE COMMUNITY UMITED CHARiff ONLY STATEMENT OF FINANCIAL POSMON AS AT 30 JUNE 2022 2022 2022 2021 2021 FIX assets Tangible assets Invesbnenls 303.888 2.040,)1 325.163 2,040 001 2.365,164 Current assets Debtors Cash 8t bank and in hand 10 704.389 264.964 496.313 761 277 1 161475 Credltors: amounts falli wlhin one year 427.461 483.285 N•t current assets 734.014 277,992 Creditors: amounts fallirvj due after one year 424.259 Net assets 2,653,644 2.643.156 Flnanced by: Unrestricted lunds 14 1.052.782 1,038,797 Restricled funds 14 Restricted Capital furKIs 14 1,e4X),882 1,604,359 2.653,644 2,643.156 Th• fin cial sta ts were approved by the Boanl of Trustees on ... hall by: J6 ID31.u............. B T Nelso Diredor Clarets In the Cornmunity LOOted-nNjol Rep and Firt¥Kial SeMents 2021.2022 16
CLARETS IN THE COMMUNITY UMITED CONSOUDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2022 2022 2021 Cash flows from operating activlties: Cash generated from operaltons Interest reiVed Interest paid N•1 eash provid•d by l (us•d in} op•rating activili•s 109.8 151 351.669 (611 1,077 352.685 117,8Sg Cash flows from investing activities: Purchase of property. plant and equipment 140.0591 135.3651 Net cash provided by l {us•d inl investing activities (40,0591 135.3651 Changg In cash arKI Cash •qulvalents In thg roporting perlod 77.799 317.320 Cash and ¢ash equlvalents at the beglnnlng of Ihe reporting period Cash and cash equivalents at the end of the roporting poriod 633.979 556,180 Clarets in the Commtsnity knmiied-Anru•l Rep •r¥l lirw*i•l Statements 2021-2022 17
CLARETS IN THE COMMUNITY UMITED NOTES TO THE CONSOUDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2022 1. RECONCIUATION OF CASH FLOWS FROM OPERATING ACTMTIES 2022 2021 Not In¢ome for the reporting period (as per the Consolidated Statement Of Financial Activilles} 99.258 56.026 Adjustments for: Depreciation charges Loss on disposal of assels Interest received Interest paid Decrease I (increase) in deblors {Decrea5el l increase in creditors 172.089 179.220 21,101 61 (1,077) 5,187 91.151 17.973) 1585.623) 432.134 Cash generatsd from opfjrations 109.8 351.669 2. ANALYSIS OF CASH AND CASH EQUIVALENTS 2022 2021 Cash al bank and in hand 633,979 556.180 Total cash and ush equlvalgnts 633,979 556,180 3. ANALYSIS OF CHANGES IN NET DEBT At 1 July 2021 5%.180 (5.276) Cashllows 77.799 4.221 82.020 At 30 June 2022 633.979 {1.0551 632.924 Cash Finan lease obligations Total Clarets in the Commurmty Umfjied-Annval Re[ and financial Statements 2021-2022
CLARETS IN THE COMMUNrrf UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMEpirs FOR THE YEAR ENDED 30 JUNE 2022 1. A¢¢ounting Poli¢i•s 1.1 Basis of preparation The financial statements of the charitsble Con1$at. is a Wb1 benefii entity under FRS 102. have been prepad in accordance with the chanb.es SORP {FRS 1021 'Accounling and Rewrting by Charities: Statement of Recommended PraCte applicable to charities preparing their acci)unls in accordance with the Finanoal Reporting Stsndard applicable in the UK and RepU1C of Ireland {FRS 102 leffecbve 1 January 2019).. and the Companies Acl 21. 12 Basis of Consolidation The charity has a subsidk8ry undertaking. The subsicthary was incorporated on 7 September 2017 and is vtholly owned by the charity. Th8 consolidated financial statements irTate the ultS of Clarets in the Communty Limited and ils subsidiary undertsknngs on a line by line b85i5. The cons(Aidated enlty is referred to 8$ the'Group'. The subsidiary is an entity cmtrolled by the ch8rrty. Contrd is achieved where the charity has the po¥%er to govem the financial and operath.ng policies of the entty so as to obtain benefits from its athities. The results of any subsidiaries aulTed during tt)e year ¥e Ivded in the ConsolKlated Statement Of Financial A¢tivilies from the effects've dale ol acquisition. Where necessary. adjuslmenls a made lo the Consolidated Ststemenl Of Financial ACb"v1t to bmg their ac¢ounb"ng policies into line with those used by the Group. Intercompany transactions balances bets the company its sthsidiary. is a related party, a eliminated in full. There have been no intercompany gains on transacticffis or losses. 1.3 Summary of dls¢losur¢ exemplions As pemiitted by Seclion 408 01 the Companies Act 2006. a separate Slalement 01 Financial Activities dealing with the results ol the charitable rnpany only. has not been presented. The lolal income of the charitable company for the year was £2,578.611 12021.. £2.359.9)1). The net movement in funds of the charitable company only was £10.48812021.. £263.581). The charity has taken advantage of the exemplion sel out in FRS 102.. Seclion 33. not to disclose any Iransaclhjns behveen ilself and its subsidiary undertaknn9. 1.4 Going concern Al the lime of approwng the statements. the dKectors have a reasonable expectation that the charity has adequate resources to Contin in operational existence for the loreseeable fvture. Thus. the directors continue lo adopt the going concem baS of accounting in preparing the financial statements. The directors have considered Ihe ffinancial stats'lty ofthe charity for a period of at leasl 12 mcnths from the dale of signing these financral stalements. They have assessed finanal perfonnance aTrJ ensured that the company has SuffiCnI finance available lo maintain ils cashflow during this period. Although there is a degree of uncertainty around Ihe wider econom ouuook, the directors do not consider there is a material uncertainty over going eoneem. 1.5 Fund accounting Unrestricted funds are available for use al the discreti( of the directors in furtherance of the general objeclives of the company. Restricted funds are Subje lo specific restrictetl corKlitions imposed by the donors or by the purpose of the grnnl. The purpose and use of restn.cled lunds Ivthen applicale) is sel out in the notes to the financial ststemenls. Capital lunds are those restricted funds having Speti conditions relating lo capital expeTrJiture. Clarets in the ComffwJn¢ty Lknited-Annual RepMand Ststements 2021-2022 19
CLARETS IN THE COMMUNifY UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMEPITS FOR THE YEAR ENDED 30 JUNE 2022 1.6 Incoming r•sourc•s All incoming reswrces are included in the Consolidated Statement Of Financial Acbvities once the harity has entiljemenl to the knds. it 15 probabk thal the I)rne will be receNed and ts amount Can be measured reli8bty. Grants. ere entitlement is not corKlional on the delNEry of a sperafK performance by the company. are recognised when Ihe company be(L)mes urKonditionally entilw to the grant. Grants, where laled to perft¥mance 8nd Specif delNerances a accounted for as the company eams the right to consideration by its perfomance. 1.7 Fixed assets Assets costing £1.000 or more are captalised as langible fixed assets and are Carried at $1. nel of deprecialion and any prowsN)n for imp8imienl. Oeprecialion 15 charged so as Io Vdrile off the ¢osl of assets, other than leasehold propefty improvements over their esb"maled useful ecMomic Iwes, as follows: Leasehold 8nd propety imwovements ay, climbin9 other equipment Offi, kitchen and computer equipment (hJtdoor equipment Motor vehides 0.8% w 2% pef annum straight tine 5%, 8% or 10% per annum straight line 20% or 33.3% per annum slraighl line 20% or 33.3% per annum straight line 25% per annum straight line The cost of tsnglb assets ¥Kludes directly attn"bJtable incremental costs incurred at their acquisition ar¢d instsllation. The company camalrses assets donated in4(ind. unless the value of donated goods cannot be reliably measwe(l. 1.8 R•sour¢•s exp•nded Liabilities are recognised as expenditure as so)n as there is a kgal or con5truclNe obligation committing the charity to that expendibJre. it is probable that a transfer of economic benefits will be required in Sement and the amount of obligation can be measured reliably. Resources expended a induded in ts Consolidated Statement of FanCIal Activibes on an accrued basts. Expenditure which is directly attributable to specific acliwties has been included in these cost Categories. whe costs a attributable lo MO than one activty. such as support costs. they have been apwtioned 10$5 the cost categories on a basis con&slenl WTlh the use of these sourCes. 1.9 Slgnlflcant judgements and estimates The preparation of financial statements requires management lo make ggnfficant judgements. estimales and assumptions. Eslimales and undedying assumptions are revwed on an ongoing basis. Revisions lo accounting eslimales are recognised in the penc4J in which the esb.male 15 revised and in any future periods affled. The main area of judgement that has the most significanl effect on the amounts recognised in ihe financial slatements is in relation to the recognition of funding from the Premier League Charitsble FLmd. 1.101nvestments Interests in subsidiaries are initially measured al cosl and subsequenly measured at cost less any accumulated impairment kjsses. The investments are assessed for impairment at each reporting date and any impairment k)sses or reversals of impairment losses are recc3nised immediatety in FOfit or loss. Clarets in theCoMmUn Mited-AnNUJ5 Reptyt and Financbal St*ements 2021.2022
CLARETS IN THE COMMUNiff LIMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 A subsidiary is an entity controlled by Ihe compary. Control is Ihe power lo govem the financial and operating policies ol the entity so as to obtain tenefits from its activitS. 1.11 Hlre pur¢ha$lng and leaslng Renlals payable under operating leases are"charged in i)Me statement on a straight-line basis over the lease tem. Assets held er finance leases, a aSeS here substantialty all the risks and rewards of ownership have passed to Ihe company. are caprtali5ed in Ihe consolidated ststemenl of financjal position 8$ tsngible fixed assets ar depreeiated over the shorter of the kase lemi and their useful lives. The pts1 elements of fvIU obligalM)ns under the leases are included as liabilit$ in the consolidated statement of financial position. The interesl element of the rental obligation is charged to the consolidated income statement over the period of the lease and represents a constant proportion of the balance of capital repayments (lsndIng. Assets held under hi purchase agreements are capitalised as tangible fixed assets ond are deprecialed over the shorter of the lease term and their useful INes. The capitsl etemenl of fvture ffinan payments is induded creditors. Finance charges are allocated to 8ccounting periods over the length of the ¢ontrnct and represent a constsnl proportion of the balance of capilal repayments oUtstanth. 1.12 Fina181 Instruments The company has elected to appty the provisions of Sectty)n 11 'Basic Financral Instruments. and Section 12 '01her Financial Instruments Issues, of FRS 102 to all of rts financial instruments. Financial instruments are wognised in Mp8ny'S ststemenl of finantsal position when the company becomes party to ts contractual provisiS of the instrument. Basic financial assets Basi¢ financial assets. ¥hh include debtors. loans to fellow grwp companies and Cash and bank balances. are initially measured at transacbon pri indLKling transaction costs and are subsequentty carried 8t aMtiSed cosi using the effe1ve interest rate method unless the arrangement conslitules a financing transaction, where the transactiM is measured at the Psent value of the future receipts discounted at a market rate of interest. Financial assets classified as re1VatIe thIn one year are not amortised. Classification of financial liabilit•es Financial liabilities and equity instruments are da5$rf according to the substance of the contractual arrangements entered into. An equty instrument is any contr1 that eTrMlences a resKlual inleresl in the as5els of the company after deducting all of its liabilities. Basic financial Ilabilitles Basic financial liabilities. including creditors. are inthlly rerngnised al transxtion price unless the arrangement constilutes a finan9 tranSactn. where the debt instrument is measured at the present value of the lulure payments discounted al a market rale of interest. FInartl liats"li(ies dassified as payable within one year a not amortised. t)ebl instnJments are subsequently &irried al amortised cosL Ung Ihe effective interest rate method. Oorets in the Cofflmunity Lwnited-Annuol Reffi aNI FIral StsteThents 2021.2022 21
CLARETS IN ThE COMMUNrrY UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 2. Incomlng resources 2022 2022 R¢strict•d Othttr 2022 R•strScted Capotal 2022 Total Donatlons and legacles Grants received Donations 230.000 184.$34 414,534 230.000 385 9)0 615,900 201.386 201.366 Charitable activities Projects. courses. faalities and match day incune 1 822 838 2021 Ireststedl Unrestricto 2021 {resL7ted) Restrict¢d 2021 Irestatedl Total 2021 R•strlcl•d Capital Donati¢n$ and legaci•s Grants received Donations 237.fAKI 10.834 95.000 105.834 1.250 249.084 110238 252,238 1.250 CharStable actlvltles Projects. ¢cwrs¢s, fa¢ilib"e$ match day in¢tsThe 1656 398 1677 429 Other trading activiti•s All such income relates to unrested funds. 3. Expendltur• on charftabh acli¥lil•s 2022 2022 2022 2022 Restrlcted Capital Total Direct costs- projects, crAIe3. irKJwJirvJ specific employee costs Olher employee costs Administrative exkwses Bank charges Deprecialiorb VAT- p8rtr81 exompliw reslri(*on 351.022 1.195.931 1.$46,953 287.997 104.382 7.000 43.137 31,615 1(Kl,799 28,099 2.450 10.192 11.065 187.198 76,283 4.550 3.477 20.550 S)3.627 1.513,980 3,477 2,021,084 Clarets in the Community LinMted-Anrwal Report and nrla1 Statemorrt5 2021-2022 22
CLARETS IN THE COMMUNITY UMITED NOTES TO THE CONSOUOATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 2021 lrnstat•d) 2021 Ir¢stat•d) ft•strlcted 2021 {restatod) Restrlcted Capltal 2021 Ir•stat•d) Total Direet costs. sxtiiècts. r$•s. int1Jing speafic ernployee costs Other employee costs Administrative expenses Bank charges t)epreaatv)n GainlLoss on disposal of assets VAT- partial exemption reslrictic 104.964 202.763 28.727 216 15.863 142 1.205.663 267.563 49.636 1,310,627 470,326 78,363 618 47.463 407 2.140 8297 15.409 23,706 360.972 1,568.39B 2.140 1.931.510 4. Net Income forthe year is stated after charging: 2022 2021 Depreciation Audilorfs mUneration - stslulory audit fee Audilorfs Muneration - other accoutsry sewes Operab'ng lease nts1$ 172.089 7.250 1.295 179,220 6.500 400 5. Siaff costs 2022 2021 Wages and salafies Social security costs Defined contribution pension costs Defined beneffii penwon costs 1,950,616 153.083 31.102 4.¢X15 1,683,183 135,306 27.417 3.955 2.138,806 1.849.861 There were no Trustees. remuneration. expenses or other benefits for the year en¢ 30 June 2022 12021.. £nill. The number of employees whose employee benefits lincluding nats'onal insurance contn"bukn"ons. but exduding employer pension costs) exceeded £60.000 was: 2022 2021 £100.001- £110.000 Clarets in the Community mIle¢-1ral Reportand Financial Statements 2021-2022 23
CLARETS IN THE COMMUNITY UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 S. Staff costs (Continued) The key management peT50nrl ofthe charity have been idenbfd as the Chièf ExecJJlive offr. Chief Operab"ng Officer and Head of Finance. The aggregate employment benefits. including employers nab'onal insurance contributions lor these key management personnel lor the year was £227.9)1 {2021.' £209,765). The average number of employees including part time staff lexduding trustees) anatysed by function was.. 2022 2021 Delivery of charitable aCtitieS Management 8nd adminislfalion of the ch8rity 67 55 14 81 71 6. Pensions The charity operates a defined conln"bulion pengorb scheme opened to elwible staff in tictober 2017. The charity also contrit¥Jtes lo the LanShire County Pension Fund as an approved employer in regard to one employee who joined Ihe charity on a TUPE arrangement Irom Lancashire County Council. Contributions payable by Ihe tharity to Ihese schemes are charged to Ihe Consolidated Statement Of Financial Activiti'es in Ihe period to which they relate. The conlributions are split bets¥een unrestricted and restrieted expenditure in the same ratio as the remaining stsffing costs for a given indiwdual. 7. Toxatk)n As 8 re9islered charity, aalS in the Community Limited is exempt from tsx on income and gains falling within seth.ons 471489 of the Corporabon Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extenl that these are applied to its Charitabk objects. No tax chèrges have arisen in the charity. There is no tsx fiability arising in the trading subsidiary. 8FCITC Facilities (Enterprises) Ltd. Clareis In ihe Communlty Umited-Anrwal Report •fid •*1 St¥ttmeAts 2021-2022 24
CLARETS IN TrIE COMMVNITY UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 8.TarvJible fix•d assets Group Play. dlmblrJ and and Motor 1•r oth¢r Outdoor inwTovernents vehickn equlpThnt gquipwnt •4uipThnl Ti>tsl awhold kltchen Cost As al 1 July 2021 Additions Disposals .735 38,19) 353.989 37.635 855.474 48.333 2,2.721 2,424 40,059 As al 30 June 2022 960.735 38.1 391.624 855.474 Xs.757 2,296.780 Dgpr•ciat•on As al 1 July 2021 Charge for the year Disposals 48.717 17.020 36,725 1.465 217.616 66.167 151.681 77,693 29,642 9,744 484.381 172,089 As at 30 June 2022 65.737 229.374 Net book val As at 30 June 2022 894.998 107.841 626.100 11.371 1.640.310 As al 30 June 2021 912.018 1.465 136,373 703.793 18,691 1,772.340 Charfty only L•a•hokl Play. dlmbkng and kltthen and and Motor computer oth Ou¢door Improvem•nt¥ vehid•s equipment •guipm•nl equipment Total Cost As al 1 July 2021 Additions Disposals 268.051 14.740 226.724 19.437 7.914 S17,429 2.424 21,861 As at 30 June 2022 246.161 10 338 539.290 Depreciation As al 1 July 2021 Charge for the year Eliminated in respect of disposals 15.4C 3.476 14.740 157.503 38.0 4,617 192,266 43.136 As al 30 June 2022 18,882 14.740 6.277 235,402 N•t bo¢l( valu• As al 30 June 2022 249.169 1.658 4.061 303.888 As at 30 June 2021 252.645 69.221 3.297 325,163 awet5 111 the Commurmty Limited -Mr1 Re(KYt and Financd Ststetrnts 2021-2022 25
CLARETS IN THE COMMUNrrY UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 8.Tangible fixed assets {Con¢lnued) Charges In respect of the group assets. wilhin leasehold yoperty and improvements arKI play. clwnbing and other equipment there are items charged as securty in favcwr of The Fcrf)tball FoundalKJn and Sport En918nd on a pari passu basis. The carying amount of such security at 30 June 2022 was £579,961 12021.. £592.3711 in respect of leasehold propety and improvements and £701.092 {2021.. £623,536) in respect of ay. dImng and olher ewipment. Hlre purchas and finance lease 855•ts In respect of the group assets. wthin motor vehides there are assets held under hire purchase or finance lease arrangements. The Carn9 amount of such assets at 30 June 2022 %dS £Nil12021". £1.466). Cuslodian Twstseship Disclosure No ass&ts were held 85 Custodian tnjslee during the reptytiNJ perrod. 9. Fixed asset investments Group Charity only 2022 20 2022 2021 Shares in group undertakings 2,040.001 2.040,001 2.040,001 2.040.001 Shares in group und•rtakings and participating Interests S4knidiary undèrtakings Total Cost As al 1 July 2021 As at 30 June 2022 2,040.1)01 2.040.¢1 2 040 001 2.040,C(11 Not book valu• As a11 July 2021 As a130 June 2022 2,040,001 2.040,001 2.040,001 2.040,001 The subsidiary uThJertaking relates to BFCITC Facilities (Enterprises) Ltd (company number 109516841. the principal actNity of vhich is to operate and manage the Whilehough Outdc#)r Centre and the Leisure Box communty leisu centre both in tr Bwough of pdIe. Oarets in Community tirnited-Anwal Reportand Statements 2021-2022 26
CLAREfs IN THE COMMUNITY UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 10. Dobtors Group Charity only 2022 2021 2022 2021 Trade debtors Prepayments and accrued income Due from group undertakings Value added tax Other debtors 40.967 37,889 39.826 31.078 26.468 18.389 83.235 10.618 S.679 20.096 3,408 241.460 10,618 567,053 656.527 70,904 704.389 264.964 Within other debtors for b)th GfOUP and the Charity we amounts falling due after ¢)nè year of the statemenl of financial posilion date 01 £424.259 {2021'. NIL) 11. Creditors: •nounts falling due within on• y Group Charlty only 2022 2022 2021 2021 Obligations under fan lease and hire purchase Contracts Trade credrtors Value added tsx Other taxes and social srity Pension costs Accruals and deferred income Other CTedilors 1.055 72.616 31.156 44.760 7.845 382,575 271 4,221 37.233 16.601 32,269 34.719 24,702 14.395 44,760 32,269 7.845 5,464 339,866 406,455 271 435.560 540,278 427.461 Obligations under finance lease and hire purchase contrxts are secured upon the assets to which Ihe contract relates. 12. Credltors: amounts falllng due after mor• than one year Group Charlty only 2022 2021 2022 2021 Accruals and deferred income Obligats'ons under finance lease and hi purchase contracts 424.259 424.259 1.055 424.259 1.055 424.259 Obligations under finance lease and hire pUr&Se contracts are secwed upon the assets to which the contract lates. Clarets in the Community LwThited-4knrwal Reportand FiTraroal Statements 2021-2022 27
CLAREfs IN THE COMMUNfTY UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 13. Obllgation$ under hire purchase and finance lease agreements Group Charlty only 2022 2021 In one ye or less on demand Beeen one and years Beeen and five years 1.055 4,221 1.055 1.055 5,276 14. Movoment in funds Group Rèstricted Othor RestrSet•d CapiLIl As al 1 July 2021 Nel movement in fLWKI$ As at 30 June 2022 371,686 285.201 fJ56.887 82.725 82.725 1.412.610 103218 1,309.392 Charity only Capital As al 1 JLsly 2021 Net movement in funds Transfer bgts¥een fvnds As ai 30 June 2022 1.038.797 467.481 453.516 1.052.762 1.604.359 13,4771 1453.516) 453.516 1.600.882 15. Analysis of net assets b•tw•en funds Group R•strl¢tad Oth•r Unr•strict•d R•$tricie C•pltsl 2022 2022 2022 Fixed assets Current assets Creditors.. amounts falling within one year Credil¢)ts'. amounts falling due after MO than one year 330,918 264,024 61.945 1,309,392 1.026,482 1602,2231 424.259 656,887 1 309 392 Oafets in the Commurwty Med-al Repcrt and Firncial Statements 2021.2022 28
CLARETS IN THE COMMUNifY UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 15. Anatysis of n•t ass•ts lJet**•n funds {Continu•dl Group Restrieted Olher Unr•strlct•d Regtrlcted Capital 2021 2021 2021 Fixed assets Current assets Creditors.. amounts falling due within one year Credil¢ys'. omovnts falling due after more than one year 359.730 130,771 (117.760) 1.055 371,686 1.412,610 496.313 1413.588) 82,725 1.412.610 Charity only Restricted (Xh•r Rostr•cted Capital 2022 2022 2022 Fixed assets Current assets Creditors= amounts falling due thin one year Credilor5.- amounts falling due after more than one year 743.fr)7 562.948 1253.193> 1,600,882 598,527 1174,268) 424,259 1.052.762 1,600.882 Charity only Restricted Otr Unrestricted Restri¢ted Capital 2021 2021 2021 Fixed assets Current assets Creditors.. amounts falling due within one year Creditors: amounts falling due after more Ihan e year 760.805 315,530 137.538) 1,604.359 445.747 1445.747) 1.038.797 1,604,359 16. Commltments As at 30 June 2022. the group company had amual commth)ents urKJer non-cancellatAe operating leases as set out below.. Group Charlty Only 2022 2021 2022 2021 Not18ler than year Later than one year and nol later than fve yws Later than fNe years 58.418 163.609 72.286 477.375 568,750 699.402 644,444 9.505 8.016 990 12.269 17,521 13,259 Clarets in C¢mmurMty knmiied -Anmual Rwt arwl fin3nual Ststements 2021-2022 29
CLARETS IN THE COMMUNITY UMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 17. Other related party tran5action5 outside of the Group During the year. the company made the followng related paty ttiOnS outside of the Group: Trustso OoTh•tlons trIng the year, trustee5 collectiveEy donated £110.504 to the group12021". £72.202}. Such donations are made either personally or Ihorough entibes controlled by those trustees. DonatnS were typicalty made to further Ihe objectives of particular programmes, hoNbEver no condittons were altached to any of the donalions. The Burnley Football & Athletic Company Lirnit•d {'BFC? Directors M L Garlick and A G Pace are also directors of BFC. Additsonally. directors B C Kilby and T Nelson were directors of BFC until 30th December 2020. During the year. Ihe group re1Ve income from BFC lolalling £192.87512021.. £15.726) and il issued credits of £Nil12021.' £55.000}- Addrtj'onally, BFC provKled goods and services to the group tolalling £64.11812021.. £39,620}. At 30th June 2022 the amount owed from BFC was £708 (2021.. £1.7091. The Sutton Pendle Char•table Trusl ('spcr Director R Sutton is a Iruslee of SPCT. During the year. SPCT provided services to the group tolalliry £61.59312021.. £25,708>. AI 30th June 2022 the amount ¢Jwed to SPCT was £16.051 {2021: £Nill. Nèlson & Coln• Collage {'N&CC? Director D L Rothwell is key management personnd at N&CC. DuriThJ Ihe year. the group reiVed income from N&CC totalling £284.98812021.. £18.993). Additionalty. N&CC provided semces lo Ihe group totalling £25.97612021= £8,549}. AI 30th June 2022 the amcmjnt owed to N&CC was £2.31012021: £18,088). Burnley Borough Council I'BBC'} thrector L Patel is key man89ement pe(ne1 al 88C arKI director A Anwar is Ihe Leader of BBC. During the year, the group Ved ineome from BBC toLilling £104.SW {2021." £20.000). Addilionally, BBC provided seryices to the group totalling £416 {2021= £7931. AI 30th June 2022 the ount owed fr(Mn BBC vras £1.130 {2021: £Nil). 18. Prior Year Restatement Income received by the trading sUb%di. BFCITC Facilities (Enterprises) Limited. and its associated costs, have historically been Irealed a5 income and expenditure from charitsble acliwlies. This treatment has been reconsidered and is now recognised as inc(xne from other tradg activits.es and expenditure on raising funds respedively. Certain donations received during the year ended 30 June 2021 were originalty treated as irKome from Charitable activities. Up¢Jn further investigation. these donatKsns do not provide any signfficanl benefit lo the donor and are not conditional on delivering certain levels or vohjmes of a service or suppty of charilable g&Jds. SUbSeqnty this income is now recognised as income from donations. Marketing costs have historically been trgated as expendilure on charil8t4e aclivilies. This treatment ' has been reconsKlered arKI such costs are Tr)w recognised as expenditure on raising funds. These adjustments impact the group Statement of Financial Activitses Ihe year ende(130 June 2021 and consequently those figures have been restated wrfhin these accounts as detsited bek)w. The changes have no effect on overall income or expenditure. overall movement in funds. Ihe balance sheeL or the casmow ststemenl. Clarets in the CommunityLimited-Annual Reportand Finawal statemen 2021-2022
CLARETS IN THE COMMUNITY uMfrED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 18. Prlor Year R•statem•nt {ContInu) 2021 (restated) 2021 las OTiginally stated) T(thl Total In¢omlng resources Income and endowments fr(Mn: DonatnS and legacies 359,322 249,322 Charitsble actiwties 1.677.429 1.856.604 Other trYing th"vities 154.718 85.543 Investments 61 61 Other irKome 385.192 385.192 Total 2.576.722 2.576.722 R•sources •xp•nd•d Expendire on: Raising fvnds 589.186 20,587 Charitable aclivit*s 1.931.510 2.500.109 Total 2.520.696 2.520,696 Net income for the yeav Transfers been fvnds Net movement in fvnds 56.026 Reconclloatlon of funds: Total fund5 brought forwwd 1.810.935 1.810.995 Totsl funds carri forward 1.867.021 1 867 021 Clarets in the Corniunity Limited-Annual Rewt and Financial St•tements 2021-2022 31
CLARETS IN THE COMMUNrrf UMtrED NOTES TO TTrIE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 19. Evènts after the End of the Reporting Peri<>d Following the end of the repoth.ng penod. the facility at The Lewe Box UThIernt a restrlure which resulted in Ihe departure of seven permanent stsff and redurnjw payments of £1,442. 20. Company status The company Is limited by guarantee. The liobdity in respect of ihe guarantee as set out in the Memorandum of Association is limiled to £10 per member. The Company has 8 subsidiary UrKlertang. In fuwre years. it is expected th Ihe subsidiary makes a profil.11 is the intention that Ihe subsKliary will gift-aid donate any proffits lo the charity. as per the objective sel out in the Artiths of Ass¢xialion of the subgdiary. 21. Comparatlve Statement of Financial Activities for th• Ythv End 30 June 2021 (r•sLited Nole Unrestricted Restricted ReStsled Capitsl To181 Incoming r•sourcos Income and •ndovmnts Donations and leg8¢ies Charitable ath"wties Other trading activities Investmen15 Oiher income Tolal 252.238 111.983 154.718 61 385.192 904.192 105.834 1.565.446 1,250 359,322 1,677,429 154,718 61 385.192 1.250 2 576.722 1.671.280 Resources oxpended Expenditure on: Raising funds chttrrtab acliwties Other Total 378.793 85.499 360,972 1,568,398 124,924 589.186 2.140 1,931,510 739 765 1653 867 127 064 2 520 696 Nel income for the year Transfers beN•en funds Ngt movemont In funds 164.427 17.413 1125.814) 56.026 164.427 125814 R¢¢on¢iliation of funds: Tot81 funds brought fomard Totsl funds Carried ftrward 207.259 371.686 65,312 1.538,424 1.810.995 1412 610 1,867,021 Clarets IDthe Cornrnunity knmitQd-Anrl Report4nd r(la1 Stateffents 2021-2022 32