CLAREfs IN THE COMMUNITY LIMITED la ¢ompany Ilmi¢ed by guarantse ANNLIAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023 Company Numter.. 08615704 Regtstered Charty Number: 1155856 ACZIOYZN A16 C(XAPANIES HOUSE Clarets In The Ctsmmunity Limited-Annual Rert aThJ Financial Sratements 2022.2023
CLARETS IN THE COMMUNrrY LIMITED la company limited by guarnnleel CONTENTS Page Legal and Administrative Infonnation Trustees, report Statement of Trustees. responsi"1*$ 10 Independent Auditorfs report 11 Con501idated Statent of Financial Activities 15 Consolidated Statement of Financid PositK 16 Charity Only Statement of Financial Position 17 Consolidated Cash FIchV Stalement 18 Notes lo the consolidated financial slatements 19 Clarets InThe Community Limited-Annual Rep)rt and Financial Statements 2022-2013
CLARETS IN ThE COMMUNITY LIMrrED la company limit by guarnnteo) LEGAL AND ADMINISTrATIVE INFORMATION Trustees H Al-Kailani A Anwar M L GarlKk S A Hunt (apwnted l November 2023) B C Kilby D M Lawson Y Naheed B T Nelson (Chairl AGPace L Patel (resigned 10 OGtober 2022) D L Rothwell RHJSutton M Thompson (appointed 26 January 2023. resigned 6 July 2023) M R Wlliams (appointed 26 January 2023) PASWlson The trustees act as directors for the purpose of rnpanY law. Chief Executlve Officer H L Gurman (appointed 16 January 2023) Dr S J Ward (reswned 13 January 2023) Charity number 1155856 Company number 08615704 Registered office Turf Moor Harry Potts Way Burnley Lancashire BB1048X Independent Audito PM+M Solutions for Business LLP Chartered Accountants New Century House Greenbank Technology Park Blackburn Lancashire BB1 SQB Bankers 8ar¢lays Bank plc 72tT8 St James Street Burnley Lancashire B811 1NH aarets In The Community tsmited-Annual Rekxjrr and Finala1 Statements 2022-2023
CLAREfs IN THE COMMUNrrY LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENOED 30 JUNE 2023 The trustees present their retth and the audited financial statements ofthe group and the company for the year ended 30 June 2023. Oblectlves and Activlties Bumley FC in the Community is a self-financing. registered charty wth a mission to inspire, support and deliver change for all. This is achieved through the delivery of2 overarching outcomes and 3 largeted outcoffs'. verarchin Outcomes 1. To hainess the unb]ue starKling of Bumley Football Club to delNer fasting change in the Iccal community. 2. To embed our5ei¥es in the lo¢al ¢ommunty forthe thg-tern) OFerating of outstanding faciliti'es. Ta eled Outco J. Engage with oui communities to raise aspirations. 2. Support our community to live healthy INes. 3. Create a level playtng field for all to engage in sp)rt and physical &tivrty. Bumley FC in the Cornmunty is commrtled to developing a range of community-based proie¢ts across the boroughs of Bumley. Pendle. Rossendale, Ribbte Valky and Cak1erda. The charty has four CO values whrch are the ideals it $trNes to achieve every day in the delbvery of actNItS and charitable WOTk'. Inclusive. Integrity. Passionate and Resilient. The charity deltvered a wide range of community propcts during the 2022-23 financial year lo help delNer its aims, including.. Premier LeagLbe Primary Stars Premier League Kicks Premier League Inspires Female Football Disabilty Sport hools Sport Foolball Coaching Bumley Community Krtchen FcKKlbank Youth Crin Reduelion Clarets we1coff- Refijgees Project Veterans Programme Active Clarets- Heahh and Wellbeing Progr8mmes Mental Wellbeing Programme Champions Youth Intervention Program Achievements and Perfornmnce This financial year represents the charrty's ninth lull year of operalions. DuriThJ the year, the Charity engaged with over 40,000 individuals. ddNering over 50 communrty projects in Bumley and the wider region. As a charity we continued lo experience a signifiGanl increase in demand for our foodbank.. the Bumley Community Kitchen. We have continued to work in partnership with several organisations in the aiea a$ part of Burnley Together to ensure that we We able to supptyt the most vulnerable in the town. At the year end, the charity eMoyed 74 full linE and 50 part staff. and has further established a strong team of coaches, teachers. mentors. admintstrators, man&3ers and other skIld prac11lners to develop the work of the ¢harty further. aarels In The Comrwrtity Limited-Annual Repjrt and Financial Ststements 2022-2023
CLARETS IN THE COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPOR FOR THE YEAR ENDED 30 JUNE 2023 Fundraising The charity undertakes fundraising NIty in the forn) of fundratsing events, the Purpose of which is to generate unreslrieted income lor the charity. Any incoming resources from fundraising are recognised in the ConsolKlaled Statement of Financial Activities on¢e the ¢harity rs entitled to the fijndrain9 income and provkded that the income can be reliabty w*asured. A number of lundraising events were successful in raising vtsl fiJnds for the ¢harrty, including.. Charity Golf Day Turf Sleepoul Community Charty Dinner Turf Talk Live The chaTty dKI not appmach the general publ wth regards to fvndraising an unsolrted manner and does not intend lo do so in ftjlure years. The ¢hority did not re¢eive any complaints during the year about its lundraising activittes. In addition to the unreskn.cted funds and donations receNed. the ¢haity is gratelul to the following funders and donors who has suprted us by way of restricted grants and donations during the year. which have been used lo direclly deliver provision and Servi.. Arnied Forces Covenant Fund Trust 88C Children in Need Bumley Borough Council Bumley Football Club Classic Football Shirts Duchy Of Lancaster Benevolent Fund East Lancs Medical EFL Trust Endsleigh European Healthy Stadia Network Football Association Goldman Sach5 Great Places Housing Group Islamic Relief Jay-care Lancashife & South Cumbria NHS FoUndatn Trust Man Vs Fat National Lottery Premier League Charitabb Fund Spring North Sport England Street Soccer Foundation Sutton Pendle Charitable Trust UK Youth Utility Warehouse Velefans FoUndatn Warburtons Community Fund Clarets In The Community Umited-Anr¢ual ReFrf and FThnclal Ststefnents 2022.2023
CLARETS IN THE COMMUNITY LIMITED TRUSTEES, REPORT IIMCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2023 Financlal Review The table below summanses the financial rh)srtion for the financial years 2023 and 2022.. Yearended 30 June 2023 Year ended 30 June 2022 Total incoming resources Total outgoing resources Net surplusl(defi¢itl for the year £3.221.246 £3.272,733 {£52.4871 £3.340,010 £3,240.752 £99.258 Cash al bank and in hand Net current assets £713.797 £712,554 £633.979 £750,228 Total incoming resources reduced by 3.6% to £3.221.246. The irlme receNed during 2022-23 from Premier League grants was lower than the prior year due lo the football club being relegated to the English Chamyonship at the end of the 21-22 season. Totsl outgoing OUrceS increased by 1.0% to £3.273.733. During the year the charity made a 5% pay award to support increased cost of living pressure5. Due to the factors detsiled above. the net resutt for the year was dekit of £52,487, a deterioratson from the surplus of £99,258 the prior year. Cash and cash equivalents at 30 June 2023 amounled to £713,797, an increase of 12.6% over the reporting peTiod. The ¢hanty largets days cash on hand in excess of 60 days and the cash at 30 June 2023 represents days cash on hand of 75.7 days. comfortably above the benchmark. Net current assets reduced by 5.0% to £712.Y4. Despite thi5 fall. Ihe cuvent ratso at 30 June 2023 w85 2.1x. comfortably in excess of the chanty's target of 1. lx. Reserves Policy The objeclive of having free reserves is to enable the charity to cope with unplanned events. Very often. the effects of an unplanned event can be managed in the lonfrterm. bLrt the charty needs reseNes in the meantime. The trustees are wotking towards maintaining an overall target level for free reserves which is equivalent lo tsvo months, nel operab.ng costs. where fixed assets are diseounted when calculats.ng the level of reserves for the charity. The Iruslees believe this level is approprkqle since the charity has relatively predthble and diverse income streams, making rt unlikety that all income will redu at once. Furthermore, some slaff are on fixed-term orcasual contractswhrch can be teminaled quklY following a drop in funding. The trustees must monitof and revEw the level of reserve5 annualty, in line with the guidance issued by the Charity Commission.. however. the level of reseThes is mnitored throughout the year as part of the normal monitoring and budgetary reporting processes. The level of reseNes is always discussed by the trustees at their quarterty govemance nwts.ng during the Finance agenda ilem. The Iruslees acknowledge that the level of reserves for the charity changes during the year and wuld erther be a good indicator of the undetying financial health of the chanty.. or could be an indicator of polential problems. Under the reserves policy. the tsrget level of free reserves al the end of 30 June 2023 WOU be £773,655. Reserves at 30 June 2023 are as folknws.. Asat 30 June 2023 Total Teserves Less tsngible fixed assets Free reserves 1,913,792 1,529,354 384,438 a•rets IA The Communty Limrted-Annual Reportanl Financral Statements 2022-2023
CLARETS IN THE COMMUNITY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORn FOR THE YEAR ENDED 30 JUNE 2023 The tree reserves are below the target and the Trustees aim lo increase free reseThes gradually over several years through a combinab.on of ffasures. The Trustees acknowled9e that any increase in free reseNes should not be lo the delriffent of the overarching objectives of the charty. Over the medium to kjnger tem. in the event that the charity builds sKJnrftant ServeS. the trustees Identify when reserves are drawn on so that they understand the reasons and ¢an cnnsider the ¢orrective action, if any, that needs lo be taken. Identify when reserve levels rise signfficanlly atove targel so that they understsnd the reasons and can consbder the correebve action. rf any, that needs lo be taken. Ensure that the Reserwes Policy ntinUeS io be relevant as the charity develops or rf the strategy and a¢tivrtie$ of the ¢hanty changes. Going con¢efn Al the lime of approving the annual report and financial statements. the trustees have a reasonable expeclalion that the charity has adequate rescHJrces to continue in operational existence loi the foreseeable fvture. Investment Policles Under the Memorandum and Articles ofAsscciation. the tharity has the power lo make any investment which the trustees see fit and as necessary foT carrying out the chantable adivrties. In addition. under the Memorandum and ArtleS of AssocigtK)n. the charty may set aside InMe as a reserve against fvture expenditure. bul only in accordance with its Reserves Polw. DLrring 2022-23, the ¢harty dKI not invest any fvrther share5 in rt5 trading subsidiary, BFCITC Facilities (Enterprises) Ltd. Risk Management The Iruslees are aware of their resFonsibilitss to identify. assess and manage the major risks to which the charty is exposed. During the year, the charity has furthered its work on risk management making all its staff and volunteers risk aware. All staff and volunteers continue to have a good understanding of their day-to-day responsibilities in managing risk. The charty maintains its 'three lines ol defence. model to help with the rnanageffnt of risk. The three lines ot defence are three sets of people who colial)orate to manage risk. A person may belong to mo than one set.. however. each set as a who maintains a degree of independence from the preceding sel, and each set 1$ proactive and dces not wart for the preceding set lo'fail." 1. The first line of defence consists of all staff and volunleets. 2. The second line of defence ¢onsists of all manageEnt colleagues. 3. The third line of defence consists of the Chief Execuiwe Officer and the trustees. The charity IldS a Prirbcipal Risk Inventory. on which all ldentrfd rbsks are tegOrISed and kngged. Each risk is given a severity raling and a k"kelihcrfxl rating and is mapped lo a series of controls, in place lo mitigate said risks. Conversety, the charity also has a Principal Controls Invenw. whth h.sls all controls and maps them lo one or M risks as appropriate. lthere there is a control which maps to more Ihan one risk, the charity calls this a key control. The processes in place lo identrfy. log and manage risk a revwed annualty. The main risks ¢urrently Klentified relate to reserves and liquidity management. f&ilities risk.. lumover of staff. and major incident5 which could damage the reputation of the charity. CL8rets In The Comrrwjnty Lirnited-Annual RepK*rt and FinarKial Staterneiits 2022.2023
CLARETS IN THE COMMUNITY LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2023 Plans for future periods The charity has a Ihree-year strategy which runs from 2022 - 2025 and a business plan which is reviewed and updated annually, in ordef lo achieve ils objectNes. The charity will continue lo meet and further develop existing public, private and voluntary $e¢tor partnerships. The Charty will also look lo enhance and further prOne fvndraising initiaknves, so to increase rt5 reseNe levels. Structuro, Govomance and Management Constitution The company is constsluled as a company limrted by guaranlee (company number.. 086157041 and is governed by its Artides of Association. The charity is registered wilh the Charity Comrniss (charity nuthr. 1155856). The charity operates under its working name of'Bumley FC the Communty,. The charity continues to control rts wholly owned trading subsidiary." BFCITC Facilities (Enterprises) Ltd, a company limrted by shares (company number. 10951684), which operates the Whitehough Outdoor Centre and The Leisure Box ¢ommunty leisure facilty. in the Borough of Pendle. The trustees. who are also directors for the wrpose of cornpany law. who served dumg ihe year and subsequent to the year-end were". H Al-Kailani A Anwar M L Garlick S A Hunt (apwnted l November 2023) B C Kilby D M Lawson Y Naheed B T Nelson (Chairl AGPace L Patel fresigned 10 October 2022) D L Rolhwell RHJSutton Thompson (appointed 26 January 2023, Trsigned 6 Juty 2023) M R Williams (apwnled 26 January 2023) PASWlson Method of appointment or election of trustees The charity either advertises for new trustees. or approaches individuaL8 with the appiopriate skills andlor experience to conlribule lo the rnanagent of the organisalion. All trustees are appointed following a forma reCrur(nt presS and attend a comprehensive induction programme. All of the Iruslees are members ofthe company. The liabilty ofeach member by way of their guarantee to the cornpany is to contribute a sum nol exceeding ten pounds to the assets of the Company. if so required on the winding up of the company. clats In The Community Limited-Annual ReFQrt and FThrKial Statefflerts 2022-2023
CLARETS IN THE COMMUNrrf LIMrrED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORD FOR THE YEAR ENDED 30 JUNE 2023 Trustee induclion and trdinlng New trustees undergo training on their legal obligations under charity and company law" the eontent of the Memorandum and Artic of Assrxiation., the committee and decision-making prctess,. the business plan and recent financial perfomiance of the ¢harty. Durin9 the induction training programme. new trustees learn about the organisalion's purpose. history. aims and objectFves. services. staff and volunteers. facilities, sectsrity, funding. safeguarding requirements, Tesidents. participation. strateg work, multi-agency involvement and partnefship involvennt They also rtt key staff personnel to learn aboul their work roles. Public btnefrt The Iruslees have had regard to the Charity Commiswn's guKlance on public benefits in carrying out the acb"vits'es of the charity. Remuneratlon The remuneialion of the charity's key management personnel is set by annual review and confirmed by the Iruslees. The trustees are all volunteers and do nol re1Ve any reMrTatIOn for their services. Disclosure of infomiation to the Indepgndent Auditors Each trustee has tsken steps that they ought to have taken as a trustee. in order to make themselves aware of any relevant audrt informats.on and lo estsblish that the company's audf(ors are aware of that infofmation. The trustees confimi that theie is no relevant infoTmab"on that they know of and which they know the auditors are unaware of. Appointffl¢nt of Independent Auditors The auditors. PM+M Solutions for Business LLP. are deemed to be reapp)inted under seclton 48712) of the Companies Act 20L. Approved by the Board on.. and signed on rts behalf by.. B T Nelson Trustee aarets In The Cornmlrnity Lirnited-Annual Retort and Financial Statements 2022-2023
CLARETS IN THE COMMUNrrY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2023 STATEMENT OF TRUSTEES, RESPONSBILmES- YEAR ENDED 30 JUNE 2023 The trustees, who are also the dire¢Aors of C]arets In The Community Lunited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial stateffnts in ac¢ordan¢e wilh applicable law and reguLAns. Company law requires the trustees to prepare financbal ststernents for each financial year. Unde¥ that law the trustees have elected lo prepa the financial statements in aceordance wilh United Kingdom Generally Ac¢epted Accounb"ng Pracltce (Unf(ed Kingdom Accounting Standards and appli¢able law). Under company law, the trustees nst not approve the financial statements unless they are satisfEd thal they give a true and fair vew of the stsle ofaffairs of the group and the eompany, and of the income and exFendilure ac£ount for that Feriod. In preparing these financial statements. the tnjslees are required to.. select suitable accounting polieS and apply them consislenlty,. make judgements and accounts'ng estimates that are reasonable and prudent, obseNe the methods and principks in the Chantres SORP.. and prepare the financial statements on the going concern basi$ unless it is inappropriate to presume th* the group and the company will continue in business. The Irustees are responsible keeping adequale accounting records that are sufficient to show and explain the group's and the MpanY'S transath'ons and disclose with reasonable accuracy al any time the financial position of the gTOUP and the ¢ompany and enab Ihem lo ensure Ihat the financial statements compty with the CompanEs Act 2CQ6. The trustees are also responsible for safeguarding the assets of the group and the company and henee for taking reasonable steps for the prevention and detectim of fraud and olher irregulariks. Clèrets In The Cornmunity Llmited-Annual Rep)rt afid Financkal Statements 2022-2023 io
CLARETS IN THE COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLARETS IN THE COMMUNITY LIMITED YEAR ENDED 30 JUNE 2023 Opinion We have atsdited the finanoal slaterftts of CLirets In The Communty Limited (the 'Charity') for the year ended 30 June 2023 which Comprise the ststement of financial activities. statement of financial FK)sib'on, the ststement of cash flows and notes to the financial ststemenls, including signifunt ac¢ountsng policies. The financial repoFting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 rhe Financial Reporting Standard applKable in the UK and Republic of Ireland (United Kingjom Generalty Accepted Accounting Practice). In our opinion. the financial statements-. give a true and fair view of the state of the ChItable company's affairs as at 30 June 2023 and of its incoming resources and appltion of resources, for the year then ended,. have been properly prepared in accordance wth United lfjngdom Generally Attepled Accounting Practsce., and have been prepared in accordance wf(h the requirements of the Companies Act 20C6. Basis for oplnion We ¢onducled our audit in accordance with Intemational Stsndards on Auditing IUKI IISAS (UK}} and applicable law. Our respon5ibililies under those standards are further described in the Auditors responsibilitS forthe audit of the financial Statennts sectM)n of our report. We are independent of the Charity in accordance with the ethral requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical respon5ibilrties in accordance with these requirennts. We believe that the audil evidence we have obtained is sufficient and appropriate to provKfe a basis for our opinion. Conclusions relating to going ¢oncem In auditing the financial statements, we have concluded that the Trustees. use of the going concem basis ol accounting in the preparation of the finan¢kql slatements is appropriate. Based on the work we have perfomw. we have not MJentrfd any material UnrtaInlieS relating to events or conditions that. individualty or collectivety, may cast signrficant doubl on the Charty's ability to continue as a going concem for a pefitxl of at least twelve ffnths from when the financial stateff*nts are authorised for issue. Our responsibilities and the responsibilthes of the Trustees with resFeCt lo going concem a described in the levant sections of this report. Other Infornlation The other infonnalion ¢omprises the informakn.on included in the annual report other than the financial stslements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements doe5 not cover Ihe other information and we do not express any fom of assurance condus)fi Ihereon. Our responsibility is to Tead the other information and, in doing so, consider whether the other information is materialty inconsistent with the financial statements or our knOWge obtained in the course of the audit, or otherwise appears to be materialty misstated_ If we identify such material inconsistencies or apparent material misststemen15, we are required to determine whether this gwes rise to a malerHI misstatement in the financial stslemenls thernsees. If. based on the work we have performed. we conclude that there is a material miSststennt of this other inforrnaliw. we are required to report that fact. We have nothing lo report in this regard. Clarets In The Commurmty timited-Annual Report and Financial Statements 2022-2023 li
CLARETS IN THE COMMUNITY LIMITEO INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLARETS IN THE COMMUNtrY LIMITED YEAR ENDED 30 JUNE 2023 MatteTS on which we are requlred to report by exception We have nothing lo report in respect of the following matters in relation to whth the CharItS {Accounts and Reports) Regulations 2008 require us to report to you rf, in our opinion.. the information given in the financial statemènts ts ineonsistenl in any terval resFect with the Trustees. report," Of sufficient accounb.ng records have not teen kept or financial statements are not in agteernenl with the accounting records,. or we have not received all the inf0Mli0n and explanabons we requwe for our audit. Responsibilitles of trustees As explained more fijlly in the slatemenl of Trustees. responsibilities. Ihe Truslees, who are also the directors of the Chanty fof the purFrf)5e of company taw. are responsible for the preparatts)n of the financial statements and for being sab"sfied that they give a true and fair view, 2nd for such inlemal control as the Trustees determine is netssary to enable the preparat50n of financial statements that are free from material misstatement. whetherdue to ftaud or error. In pparing the finaneial statements, the Trustees are responsible for assessing the Charity's ability to eonlinue as a going concern, disclosing, as applicabk, matters reed to going concern and using the going concem basis of accounting unless the Trustees eilher intend to Irquidate the charitable ¢ompany or lo cease OFerations, or have no realisti¢ allemative but to do so. Audito¢s responsibllities for the audit of thè finanGial staternents We have been appointed as auditor under se¢tion 144 of the Charities Act 2011 and report in accordance with the A¢1 and relevant iegulations made or having effect thereunder. Our objectwes are to obtain reasonable assufance about whether the finanThal statements as a whole are free from m*erial misstatement, whether due to traud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high kvel of assurance but is not a guarantee that an audrt conducted in accordance wrth ISAS (UK} will afrways delect a malerral misstalemenl when il exists. Misstalemenls can arise from fraud or error and are eonsidered material if. individually or in the aggregate. they could reasonabty be expected to inffuence Ihe econom deciSn$ of users tsken on the baws of these financial statements. Extent lo vthich the audit was consldergd capable ol detectlng Irregularitles, IntludiTrg fraud Irregularities, induding fraud, are instances of non-compliance with law5 and regulalions. We design proCeduS in line with our resFK)nsibilrties. OU1ned above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our pTo¢eduTes are capabk of detecting irregularities. including fraud. is detsiled below. W8 Klentify and assess the nsks of material misstatement of the financial statements, whether due to fraud or error. and then design and perfo audrt prOceduS reswnsive to those risk5. including obtaining audit evKlence that is sUfficnt and appropriate to provide a basis for our opinion. aarets In The Community Limited-Annual Report and Fmancial Ststements 2022-2023 12
CLAREfs IN THE COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLARETS IN THE COMMUNITY LIMITED YEAR ENDED 30 JUNE 2023 Identifying and as$es$lng potentio1 risks vtlated to irregularities In identifying and assessing risks of material misststement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the folkIng.. the nature of the industy and sector. control environEnt and business performance including the deSn of the Charity's remuneration pOIleS. key drivers for trustees. remuneration. bonus levels and perf0rrnan target5.' results of our enquiries of managemenl ab)Lrt their own identrf&ition and assessment of the risks of irregularities.. any matters we idenffied having obtained and reviewed the Charty's documenlats'on of their Folicies and procedures relating to.. identifying, evalualing and complying with laws and reguL4tions and whether they were aware of any instances of non-compliance" delecling and responding to the risks of fraud and Wther they have knowledge of any actual, susFecled or alleged fraud. the inlemal controls established to mrtuate risks of fraud or non-compliance with laws and regulalton5'. the matters discussed among the audit engagent team regarding how and where fraud might occur in the financial Staterrnts and any potential indicators of fraud. As a result of these piocedures. we considered the opportun"e$ and incentives that may exist within the organisation for fraud and idenlifd the greatest potential for fraud in the following areas.. timing of recognit1n of commercial income. posts.ng of unusual joumals and complex transaction5.' and manipulating the Charity's performance profit measures and other key perfornian IndalorS lo meet remuneration targets and external communicated tsrgets. In ¢omrTh)n with all audits under ISAS (UK). we are also required to perform 5peCrf procedures lo respond to the nsk of management overre. We also obtained an understanding of the legal and regulatory fraOrkS that the Chanty operates in, focusing on provisions of those laws and regulations that had a direct effect on the delerminalion of material amounts and disclosures in the financial statements. The key laws and regulations we conSided in this context included UK Companies Ac( Chantses Ac( employment law, health and safety, pensions le9islalion and tax legislation. Audit response to risks Identlfied Our procedures to respond lo iisks idenbfÉd include(I the foll(ywing'. reVvIng the finan¢rdl stateftnt disd05ure5 and testsng to supporting documentation to assess compliance with provisions of reant laws and regulations described as having a direct effect on the financial Ststents", enquiring of management conceming actual and potenlial liti"gatKJn and daims", performing analyttcal procedures lo identfy any unusual or unexpected relatnShIpS that may indicate risks of material misstatement due to fraud- reading minutes of meetings of those charged wth governan and VIewIng ¢orresponden¢e with HMRC, and in addressing the hjentified risk5 of fraud through management override of controls. testing the appropriateness of journal entries and other adjustments. assessing whether the judgements made in making attounting estimates are indicatNe of a potential bias., and evaluating the business rationale of any signrfKant Iransactions that are unusual or outside the norn1 course of business. cret5 In The Community LimTted-Armual Rewjrt and Finartkil Staternents 2022-2023 13
CLARETS IN THE COMMUNifi UWTED INDEPENDENT AUDtfoR'S REPORT TO THE TRUSTEES OF CLARETS IN THE COIAMUNtrY LIPAITED YEAR ENDEO 30 JVME 2023 to the inherenl limitatKns ofan 0J( there is an un8voNJat4e thatwe may notl)ave detected some material misstatements in Ihe fanCial statements, even thov9h we have properfy planned and performed our audil in ¥CrIan with audrting standards For examp, the further removed non- Complian with laws and re9ulattons (irregularibesl is from events and transadions reflected in the financial s&iternents, the tess likety the inherenlty lrnited procedures required by auditing standards would identfy it In addition, as with any audiL there remained a higher rrsk of rn-deteCtIOTr of rrregu18ri1ies, as these rroy invofve eollusk)n, lorgery, intentw)rwl omi8s¢ons, misrepresentstions, or the overr(de of inlemal controls. aTe not responsible for preventtrKJ nonwcompliance and cannot be expected lo detecl non-complono with 811 laws and regukns. A further descriptbon of our responsibl1rt ts avalable C Ihe Finanaal ReportiTr9 Council's websrte at.. htlps.'1lvA.fr00rg.UklaUd110rsreSFfvsib1lrtieS. This desuiption forn)s part of our audrtofs report. Us• of our rèport This report is made solety lo the charty's tru$iee$. as a tK)dy. in acwdance with part 4 oflhe CharilS IAccounts and Reportsl Regu5ations 2008. Our audit work has been undertaken so that we might state lo the charity's trustees those matters we are required to state to them in an audrtovs pOrt and for no other purpose. To the fullest extent permrtted by 18w. we do not ac¢em or assume reswnsibility lo anyone olher than the charity and the charity's Iruslees as a b)dy. fr)r our audrt work. for this report or for the opinions we have fom%d. Ceri Dlxon Bsc (Honsl ACA {Senior Statutory Audltor) for and on b•half of PM+M Solu16 for Buslntss LLP 2210312024 Chartered Accountants Statulory Auditor New Century House Greenbank Tethnology Park Challen9e Way Bl8cktxJm Lancashire BBI 5QB PM+M Solutitins for Business LLP is el$gib for appointment as auditor of the Charty by vrtue of ils 811bl1ty for app)tntment as auditor ol a ccmnpany under sec11 1212 ofthe Companies 2006. ClèrÈts ithTht Community limitsd-An#u Rtwt•hd F+nanti•l SfatemÈnts 2022-2023
CLAREfs IN THE COMMUNfTY LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING A CONSOLIDATED INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 JUNE 2023 2023 2023 Restricted general funds 2023 Restrlcted pitsl funds 2023 2022 Unrestricted funds Totsl Total Not¢ Incoming resources Income and endowments from: Donations and legacies 528.236 179.767 708.003 615,900 Charitabbe activities 249.524 1,7C6.359 1,955,883 1,822,838 Other trading activilvs 492.041 492.929 811.723 Investments 637 637 Other income 63.794 63.794 89,544 Total 1334.232 1887,014 3 221246 3340010 Resources expended Expendilure on: Raising funds 828.695 242.470 99.651 1.170,816 1,219.668 charrtab activrties 332.309 1.767.659 2,949 2,102.917 2.021.084 Total 1 161 004 2 010 129 3.273 733 3 240 752 Net Income for the year 173 228 102 600 Transfers behveen funds {186.627) 186.627 Net movement in funds 13.399 63.512 102,600 52.487 Reconciliation of fvnds: Totsl funds brought foThvard 656.887 1.309,392 1.966.279 1.867,021 Total funds carried forward 643.488 63.512 1306.792 1.913.792 1.966 279 The statement of financial activth'es indudes all gains and h)sses rewnised in the year. All inco and expenditure derive from continuing acbvities. The statement of financial actNilies also cOmS wth the requireffents for an inco* and expenditure a¢¢ount urKler the Companbes Act 2006. Uarets In The Commun6ty Limfted-Annual ReFQrt and Financial sernents 2022-2023 15
CLARETS IN THE COMMUNITY LIMED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023 2023 2023 2022 2022 Fixfrd a$80ts Tangible assets 16 1.529.354 1,640,310 ¢ent assets Debtors Cash at bank and in hand 18 670.286 713.797 1,384,083 656,527 633,979 1.290,506 Cred51ors: amounts falling due wrthin one year 19 671 529 $40 278 N•t current assets 712.554 750,228 Total a$$ets less current lbIlItIeS 2.241.908 2.390,538 Creditots: aTh)unts falling due after more than one year 20 (328.116) {424.259) Net assets 1913.792 1.966,279 Financed by: Unrestncted funds 23 643,488 656.887 Restricted general fvnds 23 63.512 Restricted Capital funds 23 1.206,792 1,309,392 1.913.792 1966 279 The financ were SWJ were approved by the 8oard of Tfustees on ....... and behal B T Nelson Chair aarets lTrThe Communtty knrnited-Nmnual Report and Financk41 Statements 2022_2023 16
CLARETS IN THE COMMUNITY LIMITEO COMPANY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023 2023 2023 2022 2022 Nots Flxed assets Tangible assets Investments 16 17 296.004 1.012.500 1 308,504 303.888 2.040,001 2 343 889 Current ass¢ts Debtors Cash at bank and in hand 18 727.029 567,474 1294 503 704,389 457,086 1 161,475 Creditors: amounts falling due within one year 19 571.676 Net current assets 722.827 734.014 Total assets less current liabililies 2,031.331 3,077,903 Crltr9. amounts falling due after one year 20 328.116 424,259 Net assets 1.703.215 2.653,644 Flnanced by: Unrestricted funds 23 63.190 1,052,762 Restricted general fvnds 23 63.512 Restricted capital funds 23 1.576.513 1,600,882 1.703.215 2 653.644 The finan were si al 2110312oZ(t........ atements were approved by the Board of Trustees on .. ... . . n its behalf by.. and B T Nelson Chalr Clarets In The Communlty Dmited-Annual Reportand Finartial Statements 2022-2023 17
CLARETS IN THE COMMUNifY LIMITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2023 2023 2022 Cash flows from operating aclivitie5: Cash generated from operat]ons 29 134,247 125.822 Cash flows from invesling a¢tivitie$: Purchase of propety, plant and equipment Proceeds on disposal of tsngible assets Interest received (56.5431 10.624 638 (40.059) (45.2811 {40,OS41 Net cash used In flnanclng activities: Ints$t paid 9.148 {7,9691 (9.1481 (7.9691 Net Increase In cash and cash equlvalents 79.818 77,799 Cash and cash equivalents at beglnnlng of year 633.979 Cash and cash equivalents al end of year 713 797 633,979 Oarets In The CorrKnunity bmired-Annual ReK%)rt and Fila1 Siatements 2022-2023 18
CLARETS IN THE COMMUNrrY LIMITEO NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 1 A¢¢ounling Pollcies Charlty Inforn)atlon Clarets In The Communty Limtted is a private ¢ompany limited by guarantee Inrlated in England and Wales. The registered offtt is Turf M¢)or. Harry Potts Way, Bumley. 8B10 4BX. The members of the Company are the Trustees previously named. In the event of Ihe company being would up, the liability in respect ol the guarantee is firr4ted lo £10 per member of the company. Accountlng convention The financial stalemenls have been prepared in a¢¢ordan¢e with the Charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charib"es.' Statement of Recommended Pra¢tice applicable to charities preparing their accounts in accordance wth the Financial Repoth'ng Standard applicable in the UK and Republtc of Ireland IFRS 1021" (effective 1 January 20191- The Charity is a Public 8enefit Entty as deffined by FRS 102. The financial statements are prepared in sterting. whrh ts the functy.onal currency of the charity. Monetsry amounts in these financial statements are rounde(I to the nearest £. Group financial ststements The financial stalenknts consolidate the Slts of the Charrty and ts wholty owned subsidiary BFCITC Facilities IEnlerprisesl Ltd on a line-by-line basis. A separate Statement of Financial Activities for the Charity has not been presented because the group has taken advantage of the exemption afforded by Section 408 of the CompanEs Act 20(6. Going concorn These financial stateffEnts are prepared on the goiry CoeM basis. The trustees have a reasonable expectation that the company will continue in operab.onal exthnce for the ftsreSeeab future. The trustees have considered the financral stability of the Charty for a period of at least 12 months from the dale of signing these financial Statements. They have assessed financial performance and ensured that the company has sufficient finance available lo maintain its cashflow during this period. Charitable funds Unieslricled fvnds are available for use at the discretion of the trustees in furtheran of charitable objectives. Restricted funds are subject to Spe¢rf conditi.ons imposed by donors as to h¢)w they may be used. The purposes and uses of restricted funds are set out in the notes to the finanaal statement$. Restricted capital fvnds are restricted fvnds reiVed to fund the Tenovation of the Whitehough Outdoor Cenire and the conversion of part of the Brierfield Mill srte into The Leisu Box MMunity lsU ¢enlre. Incoming resources Income is regnIsed when the Chanty is legally entitled to it after any perfomanee ¢onditions have been met, the amounts can be measured reliably. and it is probable thal income will be received. Cash donations are recognised ¢)n receipt. Other donations are recognised once the Charity has been notifwl of the donation unless perfom)ano ¢orKlib"i)ns requ deferral of the amount. Income tax recoverable in relation lo donatnS received under Gift Aid or deeds of covenant is recognised at the 'me of the donation. Income is measured at the fair value of the consKleralion received and represents amounts receivable for gdS and services provthd in the nomwl course of bunesS. nel ofdiscounts. VAT and other sales related items. Clarets In The Comnwjnity Limited-Annual Report and Financtal Statements 2022-2023 19
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 1 Accounting Policies (continued) Resources expended Expenditure is recognised once there is a legal or constructive obli98tion lo make a payment to a third party, it is probable that settlement will required and the amount of the oblfvjation can be measured reliably. Expenditure is ¢Lqs$ffied under the followiThJ a¢tNity headings.. 'Costs of raising funds. conwrise costs of attractiryJ voluntary income, and those Urred in trading activities that raise funds. 'Expenditure on chartsble adivrttes. includes the costs of 5pe¢fft programmes undertaken to further the purF<>ses of the Chanty and their assLXOted support Costs. Expenditure whith is directy att1ulabbe to specffic aclivities has tjeen included Ni these cost categories. ere costs are attributsble lo more Ihan one activity. such as support costs, they have een appO.oned across the cost categories on a basis consistent wrth the use of these $Our$. l expenditure is exclusive of irrecoverable VAT. Tangible fixed assets Individual tsngible fixed 85sets cosb.ng £1,000 or more are capitalised. TaThJible fixed assets are measured al cost or valuation. nel of depreciation and any Impalmnt losses. Depreciation is recognised towrite off the cost orvaluabon of assets less their residual values over their useful Iwes on the following basis= Leasehold and propety improvements Play, climbing or other equipment Office. kitthen and computer equipment Outdoor equipment Motor vehides 0.8% or 2% per annum straight line 5%. 8% or 10% per annum straight line 20% or 33.3% per annum strawht line 20°h or 33.3% per annum straight line 25% per annum slraighl b'ne The gain or loss arising on the disposal of an asset is delemiined as the dtfference between the sale proceeds and the carrying value of the a55et. and is recognised in the statement of financial activities. Impalmienl of fi¥ed assets At each reporting end date, the Charity reviews the carrying amounts of rts tangible assets lo determine whether there is any indicatn that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to delemiine the extent of the impainnent ioss {rf any}. Investments Inveslmenls a ststed al cost Jess provision for irnpairnEnL Cash and cash equivalents Cash and cash equivalents indude cash in hand and deposits held al call with banks. Financial instruments The Charity has elected io appty the provisions of SectKfyn 11 'Basic Financ81 InstnJments' and Section 12 '01her Financial Instruments Issues. of FRS 102 10 211 of rts financial instruments. Financial instruments are recognised in the Charity's statement of financial positK)n when the company becomes paty lo the conlractual provisions of the instrument. Clarets lTrThe Comrnunity UmMed-Annual Reporr and Fironcial Statements 2022-2023
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 1 Accounting Policies Icontlnuedl Basic financial assets Basic financjal assets, which include debtors. loans lo fel group cornpan and cash and bank balances, are initlty measured at transaction price including transacknn Costs. Financial assets classifEd as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, induding credrtors. a inibalty recognised at transaction prte. Financh81 liabilities classified as payable within one year are not affw)rtised. Classifi¢ation of financial liabilitles Financial liabilities and equity instruments a ¢kgssified according to the substsnce of the Contractual arrangements entered into. An equty instrument is any contract that e¥e$ a residual interest in the assets of the company after deducting all of its liabilities. Employee benefts The cost ofany unused holiday ents'llement ts re¢ogntsed in the perh in whrh the empbyee's serv$ are received. Redundancy and lemiinatson benefits a recognised immediatety a$ an expense when the Charty 1$ demonstrabty committed to terminate the employmenl of an employee or to provide redundancy or terminatton benefits. Retlrement benefits Payments lo defined contribution and defined benefft rekn"reffent schemes are tharged as an expense when they fall due. Leases Rentals payable under operating leases. including any lease incentNes received. are charged as an expense on a straight-line baS over the term of the relevant lease. 2 Crltlcal accountlng estimates and Judgements In the applicats.on of the Charity's accounting FK)IKies. the trustees are required to make judgements. eslimales and asSuMptnS atoul the carrying amount of assets and liabilitses that are not readily apparent from other sources. The estimates and assocHled a55umpb.ons are based on historical experience and other factors that are relevant. Actual results may differ from these ests"mates. The eslimales and underfying aSsUmpnS are reviewed on an ongoing basts. Revisions to accounting estimates are recognised in the penod in whh the estimate is revised where the revision affects onty that period. or in the period ot the reViSn and future periods where the revision affects both current and future perKJds. The main a• of judgement that has a risk of causing material ajjustmenl lo the carrying amounts of assets and liabilities within the next financial year. is in relath)n to the useful economic lives of the Charity's fixed assets. Claret5 In The Comrnunity Limiied-Annual Rert and Financial Sefflents 2022-2023 21
CLARETS IN THE COMMUNITY LIMtrED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 3 lft¢ome from donataons and legacies 2023 2022 Grants- Premier League Grants- English Football League Donations 138,667 35,OC 534.336 706,003 230.000 385,9Crf) 615.900 Analysis by fund Unreslricled fijnds Restricted general fvnds Restricted wtal lunds 528,236 179,767 414,534 201,366 708.003 615,900 4 Incomo from charltable acll¥llles 2023 2022 Grants- Premier League Grants- local authority Grants- ¢)ther Projects, Courses aThJ educali Fundraising artd sponsorship other 649.501 102,293 258,311 839,409 91.015 15.354 1.955.883 754,461 104,900 243,701 684,780 31,340 3.656 1.822,838 Analy$Ss by fund Unrestricted funds Restricted general fvnds Restllcted caprtal 249,524 1.7,359 719.775 1,103,063 1,955.883 1.822,838 S Income frorn other trading activrtles 2023 2022 Trading facilities Fundraising events her 403.294 86.801 2,834 492.929 7S3,736 57.987 811.723 Analysls by fund Unreslricled fijnds Restricted general fuTrJs Restricted eapital funds 492,041 888 811.723 492,929 811,723 The wholty owned trading subsidiary BFCITC Facilities (Enterprises) Ltd is incorporated in the United Kingdom (company number." 109516841 and the intention is to pay any Profits to the Charity under the gift aid scheme. The subsKlhqry manages the 14Nhitehough Outdoor Centre and The Leisure Box communty leisure centre both in the Borough of Pendle. Ihhilst the subsKliary made a profit in the year ended 30 June 2022. no profit has been paid by grft aid to the Charity due to the negative balance on the profil and loss ac£ounL cLats In The Commuftlty Limited-Arrnal ReFKJrt and Firtarfial Statements 2022-2023 22
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 S In¢ome from other tradlng actlvlllos (conllnued) The summary financial performan of the subsNJiary alone ts.. 2023 2022 Tumover Cost of sales and administration costs Finance charges Nel profiVlloss} Amount gift aided to the Charity Retained in subsidiary 640,669 (769,9831 (245 (129.5591 927,917 1838,180} 19691 88.768 129.559 88,768 The assets and liabilrtEs of the sub&'diary were: 2023 2022 Fixed assets Current assets Current Ila"1111eS Total net assets 1.233.350 211,494 221.769 1.223,075 1.336.422 212,263 196,051 1.352,634 Called up share capilal Profil and105s account Aggregate share captal and reserves 2.040.001 816.926 1.223.075 2.040,001 687,36 1.352.634 6 Incomè from investments 2023 2022 Interest receivable 637 Analysis by fund Unrestricied fvnds Restricted genefal fvrKIs Restricted capital funds 637 637 7 Other incom• 2023 2022 Rental income Gain on the disposal of tgre fixed assets Insurance proceeds Contributions towards trips arKI eTrJ of season events Apprentice and Kickstsrt sctreme fimdirKJ Miscellaneous income 49.000 10,625 1.617 5.898 11.255 29,615 42,776 89,544 1.500 1.052 63.794 Anatysls by fund Unrestricted funds Restrieled general fijnds Restricted capital furKIs 63.794 89,544 63.794 89,544 Clarets In The CommuThty knmr(ed-Annual Reportand Fina1 Strtents 2022.2023 23
CLARETS IN THE COMMUNTff LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 8 Exp9ndIre on raSsing lunds 2023 2022 Fundraising and marketing costs Staff eosls Fundraising evenl$ $1$ PAarketry cosls 145,079 111,260 22,747 279,086 144.237 21.518 48,096 213.851 Costs of tradlng faclllties Staff costs Food costs InstrLKtOfS Marketing Office costs Professional fees Telephone and broadba Cleaning and refuse Insurance Equipment leagng Rent and service charge Water Electriuty and gas Repairs and maintenance IT and equipfflent Bad debt Depreciation 419.982 42.278 33,366 9,615 9.095 3,296 9.971 461,305 70,918 37,053 8,450 20,987 4,391 6.039 12,535 20,401 17.677 44.371 9.315 76.363 53.355 27.655 6.050 128.952 1,005,817 23,479 20.235 39.683 10.072 65,943 46,460 20.450 127,789 891,730 1.170,816 1,219,668 Analysis by fund Unrestricted funds Restricted general funds Restrided funds 828,695 242.470 99.651 1.170,816 980,922 139,005 1.219 668 Cknrets In The Communrty Limited-AMual ReF¢)rtaMI FinarKkil StsterrÉrts 2022-2023 24
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEIqENTS FOR THE YEAR ENDED 30 JUNE 2023 9 Expendrture on charitable activities 2023 2022 Staff costs Direct project costs Venue hire Hospitslity Office eosts Vehicle sts Professional fees Telephone and broadband Insurance Rent and seryice dwrge Water Electricty and gas Repairs and maintenance Depreeiatio 1.230,805 159.264 29,560 1,301.590 161,440 16,714 1.937 11JO 4,424 416 666 210 3.713 429 716 327 (4,8321 519 5,153 6.566 294 8.518 174 10,541 1.516,324 10,541 1.436,405 Share of support costs (see note 10) Share ol goveman¢e costs (see note 101 656,662 9.850 2.102.917 496,215 8,545 2.021,084 Anatysls ty fund Unrestricted funds Restricted general funds Restricted capitol ftjnds 332.309 1.767.659 503,627 1,513,980 3,477 2,021,084 2,102.917 a?t$ In The Community bm61ed-Annual Rewn and Financial Staten*nts 2022.2023 25
CLARETS IN ThE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 10 Support costs Support costs Governance costs 2023 2022 Staff costs Kit costs Hospitality Office costs Vehicle costs 415,386 60.674 1.224 25,708 25.870 415.386 60.674 1.224 25.708 25.870 287,997 49,848 15,425 23.859 18,674 kl-j! Professional fees Telephone and broadband Insurance Equipment lea&ng Rent and service charge Repair5 and maintenanee IT and equipment VAT partial exemption resln.et Depreciation 5.840 13.571 219 4,564 17.000 530 6.576 52,756 26.744 7,301 18,395 994 5.262 13.571 219 17,000 530 6,576 52.7 26,744 1,062 3,187 31.615 32.596 Audrt fees Accounlan¢y Legal and professional 9.0(M) 9.000 7,250 1.295 850 9,850 850 666.512 656,662 504,760 Analysed beeen.. Charitable activities 656.662 9,850 666.512 504.760 11 Net incomo for th• year Is Stat aft•r ¢harylng 2023 2022 Depreciats"on Auditor's remuneralion - slalulory audit fee Auditor's remuneration - other accountancy servtes Operating lease rentsls 165.075 9.¢XJO 172,089 7,250 1,295 55.619 12 Staff costs 2023 2022 Wages and salaries Social security costs Defined contributn pension costs Defined benefrt pensKtrn costs Other employee benefits 1.944,703 158.319 30.591 4,301 3,495 2 141.409 1.950.616 153,083 27,417 4,005 3.917 2.142.724 Clafets In The Communty LimTted-AnAual Report ènd Financial Slatemeiits 2022-2023 26
CLARETS IN THE COMMUNITY LIMrrED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEMTS FOR THE YEAR ENDED 30 JUNE 2023 12 Staff ¢osts (continued) The average number of employees including part time staff {exduding tTUSteesl anatysed by fvnction was.. 2023 2022 49 18 14 81 Delivery of charilable activitS Trading facilits.es Management and administration of the Charity 13 14 73 In addibon to the above, the Charty utilises the servw of sessional workers on zero-hours contracts lo cover staff absences and periods of high demand. During the year the average number of sessional workers utilised was 36 {2022: 40). The number of employees whose employee benefrts lin¢luding national insurance ¢ontril)utsons, but excluding employer rnsion costs) exceeded £60.000 was: 2023 2022 £100,001- £110,000 £90.001- £100,000 £80.001 - £90,000 The key management personnel of the Chanty have been entIfied to be the Chief Executive Officer, Chief Operab"ng Officer and Head of Finance. The aggwate employment benefits, including employer nats.onal insurance contributrons for these key management personnel for the year was £248,41512022'. £227.901). During the year the Charity restructured certain operat)ns including The Leisure Box trading facility. These changes resulted in the redundancy of seven permanenl staff with total redundancy payments of£1,442. Furtherrmre, members ofstsff left the Charity with totsl termination PayEnts of£14,834. 13 Tte8S None of the trustees lor any persons connected with them) received any remuneralK)n. expenses or other beneffls for the year ended 30 June 2023 {2022-. £nill. During the year, trustees colleclivety donated £1C6.290 to the group {2022.' £110,504}. Such dorbations are made either personally or thorough enb.ties controlled by those tnjstees. Donations were typicalty made to further the objectives of particular programmes. htrVer no Conditn$ were attached to any of the donations. 14 Volunt••rs The Charity has volunteers who give their time freety across lo SUpt various aclivitses lo support delivery stsff. In line with the charib.es SORP, no monetsry value is placed on the contribution of volunteers. During the year the Charity had nine volunteers. 15 Taxation The Charity is exempt from tsx on income and gains falling within section 505 of the Taxes Act 1988 or secbon 252 of the Taxation. of Chargeabk Gains Acl 1992 to the extent that these are applied to its Charitable objects. There is no tax liability arisirKJ in the trading subsidiary.. BFCITC F*lIrt (Enterprises) Ltd. Clarets InThe Cornrnunty Limiied-Annual Rewrt and FinaKial 5tstemel 2022-2023 27
CLARETS IN THE COMMUNrrY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 16 T•ngible fixed assets Group Le•sehold property •nd improvements Motor v•hieles Outdoor kitchen elimbiny equlpm•nt and and Qthgr ¢omwter •quipmÈnt ¢quIeTht Totsl Cost At 1 July 2022 Additions Disposals 960,735 20.067 38.190 3,905 27.690 391,624 26.570 17,737 855.474 50,7S7 2.296,780 6,001 56,543 2,425 47,852 At 30 June 2023 980.802 14.405 400.457 855.474 54.333 2.305,471 Deprèciation At l July 2022 Charge for the year Disposals 65.737 18,751 38.190 651 27.690 283.783 58.566 17.738 229,374 77,691 39.386 9.416 656,470 165,075 45,428 At 30 June 2023 84.488 11.151 324.611 307,C65 48.802 776.117 Net book value At 30 June 2023 896.314 3.254 75.846 548 409 5 531 1,529,354 At 30 June 2022 894,998 107.841 11.371 1640 310 Charity onty Leasehold property and Improvements Play. elimbiny and and other computer equITr•Tht equipment Outdoor •quipment Total vehicles Cost Al 1 Juty 2022 Additions Disposals 268.051 14.740 246.161 26.571 17.737 10,338 5,256 2.425 539.290 31,827 34,902 14.740 At 30 June 2023 268 051 Depreelatlon At l July 2022 Charge for the year Eliminated in respect of disposals 18,882 2.950 14,740 195.503 31,079 6,277 3,257 235,402 37,286 14.740 17,737 32,477 At 30 June 2023 208 845 240211 Net book value AI 30 June 2023 46.150 296 004 At 30 June 2022 249,169 $0,658 4,C61 303.888 aarets InThe Community Lim[d-AnUal ftewrtaftd FiAaft¢ial Ststements 2022-2023
CLARETS IN THE COlaMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 16 Tangiblt fixed assets (Continued Charges In respect of the Group, within 'leasehold property and improvements. and 'play, climbing and other equipment, there are items tharged as security in favouT ofThe Football Foundation and Sport England on a pari passu basis. The carrying armunl of such secunty al 30 June 2023 was £567,551 12022.. £579,961) in respecl of leasehold property and inwroverrnts and £545,980 12022." £623,536} in respect of play. dimbing and other equipment Cu$todian Trusteeship Disclosure No assets were hel¢J as custodian trustee during the reporting perKMI. 17 Fixod a$set investments Group Charity only 2023 2022 2023 2022 Shares in group undertakings 1.012.500 2.040,001 1,012,500 2.040,001 Shares In group undert•klngs Subsidiary undertaklngs Total Ct At 1 Juty 2022 AI 30 June 2023 2.040,001 2,040 001 2,040.001 2,040 001 Impalmient Al 1 July 2022 Charge foT the year At 30 June 2023 1027 501 1.027,501 1027 501 1,027,501 Net book value At 1 July 2022 At 30 June 2023 2.040,001 1.012,500 2,040,001 1.012.500 The subsidiary undertaking relales lo BFCITC Facilities lEnt&riSes) Ltd (company number 109516841. the principal activity of whieh is to operate arbd manage the Whrtehough Outdwr Centre and The Leisure Box community leisure centre both in the Borough of PerKIIe. Since opening in April 2019, the Leisure 8ox has struggkd to hleve its original financial targets due to the multiple challenges brought about by COVID, high energy costs, and cost of Ihvin9 Pressures which have negatively impacted disposable incomes. However. the facility continues to operate with a sustainable financial model. il offers subsL8ntial ITee usage to many part1pant$. and rt provides an essential base for many of the Charty's own projects. Pursuing profrts at the expense of utilisalion would hindei the original, charitable objectives of the facil and the intention to provide subsidised leisure facililTes to those who need them. AI 30 June 2023. the trustees have impaired the investrrnt in 8FCITC Facilities (Enterprises} Ltd to renecl that The Leisure Box currenuy intends to breakeven financially. rather than generate excess pfofils to feed back into the Charity as onginalty intended. As such, the impairmenl is based upon revaluation method whereby the investmenl is now valued al the amrtised value of the original grants that funded the eonveT5ion of the property inlo a lSure facility. As such. no addilional value is currenlty allocated based upon expertatDns of fvtU profitability. aatets In The Community Urnrted-Annual Report and Fwncial Ststernents 2022-2023 29
cLARs IN TrIE COMMUNrtY LIMThED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 18 Debto Gvoup Charlty onty 2023 2022 2023 2022 Amounts falling due within one year. Trade debtors Prepayments and accrued income Due from group undertakn.ngs Value added tax Other debtors 96.839 101.531 40,967 37,889 59.671 73,326 121,916 26,468 18,389 83.235 10,618 141420 280 130 10,618 142 794 232,268 144 0 342.170 144,000 398 913 Amounts fallin9 due after mowe Ihan one year. Other debtors 328, 116 424.259 328. 116 424,259 Total debtorn 670,286 656.527 727.029 704.389 19 Creditors: amounts falling due within one year Group Charity only 2023 2023 2022 2022 Obligations under finanee lease and hire purchase Contracts Trade creditors Value added lax Other tsxes and social security Pension costs Accruals Deferred income Other creditors 1.055 93.433 11.702 42.772 6.651 21.947 495.024 72.616 31,156 44.760 7.845 29.901 352.674 271 540.278 53.130 4,408 42,772 6.651 13,641 451,074 34.719 44.760 7.845 16,327 323.539 271 427.461 21 671,529 571,676 20 Creditors: amounts falling due after more than one year Group Ch¥rlty only 2023 2022 Notes 2023 2022 Deferred income 21 328.116 424,259 328.116 424.259 Clarets lThThe Commuw Limtted-Annual Report arKI Financlal str1ents 2022-2023 30
CLARETS IN THE COMMUNrrY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 21 D•ferred in¢ome Group Charity only Balance al 1 2022 Released from pViouS year Resources deferred in the year 775.267 1351.007) 398,880 747,798 1323,5381 354,930 Deferred in¢offle at 30 June 2023 823.140 779,190 Deferred income includes grant income from the Austin Hope Pilkinlon Trust. Barclays. Burnley Leisure. Bumley Probation. Garfield Weston. the PMIer League. Sport England, Spring North, and Trav Perkins. The grants stipulate Ihe pericJs over which the fijnding applies and the charrtable activities must be delivered. Deferred income also includes in¢ome from various schcx)Is where billing is in advance for each school term. The income is deferred over the duration of the grant or the school term. Deferred incOff is also rwnised on donath)ns received from former Club shareholders. Such donations can only be used on qualfying purchases from Bumley FootbaN Club. The donations have been deferred and are released upon their uts'lisaknon. 22 R•¢irement nerrt sch•mos The Charity operates a defined nIn"butiOn pension scheffe for all qualfying empk>yees. The assets of the scheme are held separatety from those of Ihe Charity in an independentty administered fund. The Charity also contributes lo a defined benefit retirement scherr operated by the Lancashire County Pension Fund regarding one employee whojoined the Charity on a TUPE arrangement from Lancashire County Council. The charge to the stalen1 of Financial Activities in respect of retirement benefit schemes was £34.89212022.. £31,372) Clarets In The Cornmunrty Limited-Anmual Rtp)rt and FinarKièl Statements 2022-2023 31
CLARETS IN THE COMMUNrrY LIMrrED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 JUNE 2023 23 Analysls of ¢haritable funds For the year ended 30 June 2023". Group Balance at Incomlng 1 July 2022 Resour¢•s Resources expanded Trnnsfers Balance at 30 June 2023 Unrestrlcted lunds General funds DeSnated funds 656.887 1.334.232 {1.161.004) 1186.627} 643.488 656 887 1.334 232 643 488 Restrlcted general funds Governance & operatKns Food bank Health & fitness Champions Veterans Premier League KKks Premier League Inspires Premier League Primary Stars S¢hools mental wellbeing Employability Higher educalim partnership Girls Emerging Talent Cenlre Player DeveloprrEnl Centre Trading facilities {214.565} {15S,6821 (88,102} (70.170} (82.939) 1287.284} (92,0871 {266,1261 (282,5401 (19,6721 {357,6581 118.1181 123,8161 51,370 214,565 180,913 134,279 73.662 65.633 287,360 89,567 270,052 278.652 43.402 354,640 33.664 23,820 51.370 25,231 14,551 (31.6261 (3.492} 17,306 1761 2,520 13.9261 3,888 23,730 3,018 (15,5461 14) 1 887.014 2 010.129 186.627 63.512 Restricted capital funds Trading facilities 1 309.392 102.600 1.206.792 Total fvnds 1.966379 3.221.246 3,273.733 1,913.792 Clarets In The Cornrnun Limited-Annual ReF#XtarJ Financial Statements 2022-2023 32
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEPIIENTS FOR THE YEAR ENDED 30 JUNE 2023 23 Anaty8is of charltable funds Icontlnued) For the year ended 30 June 2023: Company Balance at 1 Juty 2022 Incoming Resources Resources expand•d Transfers Balance at 30 June 2023 Unrestrlcled funds General funds Designated funds 1.052.762 840.019 11.478.039} 1351.552) 63.190 1052 762 840.019 1.478.039 351 552 Restrfcted general fvnds Govemance & operations Foodbank Health & fitness Champions Veterans Premier League KS Premier League Inspires Premier League Primary Slars Schools mental wellbeing Employability Higher education partnership Girls Emerging Talent Cent Player Developrnent Centre 1297,920) 1155.6821 1119,7281 {70,9701 187,0141 1316,4911 (92.177) {267.431) {282,541) (19.672) (358.317) 118.118) 37,623 297.920 180,913 134,279 73,661 65,633 287.359 89.S67 270.052 278,653 43,402 354.641 25.231 14.551 (2.691) 21,381 29.132 2,610 {2,6211 3,888 23,730 3.676 115,5461 23.820 2,123684 351 552 Restricted capital funds Trading facilities 1600,882 24.369 1 S76513 Total funds 2 653 644 2 675 663 3 626 092 1703 215 Clarets ItsT Cornnwnty Limlted-Annual Reportand Finanual 5tstents 2022-2023 33
CLARETS IN THE COMMUNrrf LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 23 Analysis of Charitable funds Icontinued) Unr•stri¢ted funds Unreslricled funds are available to be spent for any wrpose of Charity. Restrlcted funds Restricted funds are those fvnds where the Inco received is restricled to provide specffic progfammes and aclivilies. with fvrther details of each fund beh)w. Governance & operations Central staffing and offKe costs alloced to restricted iviis. Foodbank A partnership with 8umky Together to delNer a fcodbank service wilhin the local communty. Health & rrtness A range of programmes including mentsi health. weight loss, walking sports, over 50's groups. cancer rehabilitation and dementia support Champions A youth custody intervention partnership with Larcashire Poltr working with young offenders. Vgterans A fange of programmes supporting afmed forces veterans. Preml•r L•a9ue Kiclts Developed by the Premier League. a program1 offering free baseball, crKket. climbing, football, mulli- sports and netball sessions for young people aged 18 years old. Premier League Inspires Developed by the Premier League. a programme supportmg 11-25 year olds who are ffrarginalised or al risk of not reaching their potents"al. Prèmièr League Primary Stars DeVelod by the Premier League, a prograrnme to inspire primary school children both InSe and outside the dassroom, whilst underpinning all elements with highqualty teaching materials that cover English, Maths, PE and PSHE. Schools mental wellbeing A programme whereby a team of ental weNbeing workers are placed within seeondary S1$ aeros$ Burnley and Pendle. lo proVe an eaty intervenkn.on to SUPFth students who are stwggling with mental health issues. Employability A range of programmes aimed at helping young people into work through the development of essential skills, understanding the Job market. and suppcKb'ng their transth.on into work. Higher education partn•fshlp A partnership with higher educalion providers to tKidge the gap between grawools and academy sport. The programme enables paiticipants to combine academK studies with practical sport experience. Gills Emerging Talgnt C*ntrg Developed by the FA, a programme to provide 9ater accessibilty to the playw pathway and more inclusivity for female players to enhance player devekjpment. Player Development C•ntr• A programme aimed al providing a palhway for players aged 9-16. for both b)ys and girls. Trading Facilities The Whitehough Outdoor Centre and The Leisure 8ox ¢offmunty leisu faulty, bolh in the Borough of Pendle. Clarets In The CommLrnlty iimited-Annual ReportaTrd Financial Statements 2022-2023
CLARETS IN THE COMMUNrrY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 23 Anaty8is of charitsble funds lcontinu> For th? y•ar onded 30 June 2022: Group Balanc• at 1 Juty 2021 Incclmlng Resources Resources expanded Tran8fern Balance at 30 June 2022 Unrestricted funds General funds De$wnaled funds 371.686 2,140,481 {1.484.549) 1370,731) 656,887 371.686 2.140,481 1.484.549 370.731 656,887 RestrS¢ted general funds Governance & operalions Food bank Health & fftness Champions Veterans Premier League Kicks Premier League Inspires Premier League Primary Stars S¢hoo15 mental wellbein9 Employability Player Development Centre Trading facilities 1.200 173,171 33,788 41,667 95.715 275.330 71.2SO 100.798 203.315 163,049 31,216 9,030 {193.4901 (198.7591 128,1621 142.2971 194,5931 {231,6441 {96,8321 1209.232) 1344,078) 1131.379} {51.519) 31,000 192.290 25,588 (5,626) 630 11,122} 143,686} 2S,582 108,434 58,038 131,6701 20,303 21,970 82.725 1199.529 1.652.985 370 731 Restricted Gapital funds Trading fa¢ilits"es 1.412.610 103.218 1.309,392 Totsl funds 1.867.021 3.340.010 3.240.752 1.966.279 Clarets InThe Comrnnrty Limited-AMual ftep)rt and finarKial Stslernents 2022-2023 35
CLARETS IN THE COMMUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 JUNE 2023 23 Anatysis of Gharitable funds (Continued) For the year ended 30 June 2022: Company Balance at 1 Juty 2021 In¢oming Resour¢¢s Trnnsfers Balance at 30 June 2022 expanded UnmtTiCted fvnd$ General funds Designated fvnds 1.038,797 1,198,259 1730.778) {453,5161 1.052.762 1038 797 1 198259 730 778 453 516 1052 762 Restricted general funds Governance & operations Foodbank Health & fitness Champions Veterans Premier League Kicks Premier League Inspires Premier League Primary Stars Schools mental wellteing Employability Player Development Centre Trading facilities 231.199 133.025 33.788 41.667 95,715 275,330 71.250 100.798 203,315 163,049 31.216 {305.8371 (194.745) (30.395) 142,2971 {98.435) {248.8991 (97.2221 (209,2321 (344,078) {161.879) 169,634) 74,638 81.720 (3.3931 630 2,72D 126,4311 25,972 108,434 140,763 (1,170) 38,418 1.380,352 1.833.868 453,516 Reslricted capital funds Trading facilities 1,604,359 3.477 1.600,882 Total funds 2.643.156 2.578.611 2.568.123 2,653,644 aarets InThe Community tsmlted-Annual Report and Flnancial siatemeni$ 2022_2023 36
CLARETS IN THE COMMUNrri LIMrrED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 24 Analysb of not assots botwe•n fvnds For tho yoar Mded 30 June 2023: Unrtricted funds Restricted general funds Reslrlcted capital funds Total Group Fixed assets Net current assets Creditors.. amounts falling due after more than one year 322.2 320.926 1.206.792 1.529.354 712.554 (328,116) 391.628 (328.1161 643 488 1206 792 1913,792 Company Fixed assets Net current assets Creditor5". amounts falling due after more than one year (268.009) 331.199 1,576.513 1,308,504 722,827 1328.116) 391.628 1328.1161 63.190 63.512 1,576,513 1703215 For the year ended 30 June 2022: Ufftrtstriet•d fvnds Restricted general funds Restrieted caplt•l funds Totsl Group Fixed assets Net current assets Creditors.. amounts falling due after more than one year 330,918 325. 1.309.392 1.640,310 750,228 1424,2591 424.259 (424,2591 1309 392 1966 279 Company Fixed assets Net current assets Creditors". amounts falling due after mre than one year 743,007 309.755 1.600.882 2,343,889 734,014 (424,2591 424,259 {424,259) 1052,762 1.600,882 2,653.644 25 Operallng lease commltrnents Al the rewrting date the group and Chanty had outstanding commitments for fijture minimum lease payments under non-cancelL2ble operating leases. which fall due as follows: Group Charity Only 2023 2022 2023 2022 Within one year Betsveen one and fNe years In over five years 84.053 231.814 448,875 58,418 163,609 477,375 699,402 34.404 87.816 9,505 8,016 122.220 aarets In The Communlty Limited-AMual Rewrt and Financial statenfftts 2022-2023 37
CLARETS IN THE COMMUNTff LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 26 Relat•d party transactions The Chanty has taken the exemption ¢ont•"ned within FRS 102 for disch"ng transacknns wrth wholly owned subsidiaries as consolidated financial Statents are prepared. The Bumley F¢th#ll & Athlellc Company Limited ('BFC'I Trustees M L Garfick, S A Hun( and A G Pace have all been directors of BFC during the period of these aCunts. During the year. the Group CeiVed income from 8FC totalling £201,472 {2022: £192.875). Additionalty, BFC provKded goods and ser¥e$ to the group totslltng £61.12212022. £64,118). At 30th June 2023 the arrK)unt owed to 8FC was £3,509 (2022". £708 owed from BFCI. The Sutton Pendle Charitsble Trust (SPCT) Trustee R SLrtton is a trustee of SPCT. During the year. SPCT provKled serv5 to the Group lotalling £58, 156 {2022.' £61,593). At 30th June 2023 the amount owed to SPCT was £22,12312022". £16.051). Nelson & Colno College ('N&CC') Trustee D L Rolhwell is key management personnel at N&CC. During the year, the Group received income from N&CC totalling £364.97212022. £284.9881. Additionalty. N&CC provKled servKes to the Group lotalling £11.37512022. £25.976). At 30th June 2023 the amunt owed from N&CC was £32.010 (2022.. £2.310 owed to N&CC>. Bumloy Borough Councll ('BBC') Former Iruslee L Patel is key management personnel at BBC and trustee A Anwar is the Leader of BBC. During the year, the Group received income from BBC totslling £114.925 {2022". £104,900). Addilionalby. BBC provided services to the Group totalling £42912022.- £416)- At 30th June 2023 the amount vwed from BBC was £Nil12022'. £1.1301. ALK Capital LLC I'ALK'I TnJstees A G Pace and S A Hunt are key managennI personnel at ALK. t)uring the year. the Group received income from ALK totslling £13.75012022.. £Nill. AI 30th June 2023 the amount owed from ALK was £Nil (2022". £Nill. 27 Controlling party The Charity is under the control of the trustees as noted in the tntstees. report. 28 Anatysis of net debt The Charity had no debt during the year. cla15 In The Communfty Lirnited-Annual ReFKrtarl FinarKial Statements 2022-2023 38
CLARETS IN THE COMMUNITh LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 29 Ca8h generated from operatlons 2023 2022 Surplus for the year {52.487) 99,258 Adjuslments for: Interest received Interest paid Depreciation of tangible fixed aets Profit on disposal of tsngible fixed assets (6381 9.148 165,074 18.1991 151 7.969 172,089 Movements in Wofking caprtal". Decrease I (increase) in debtors {DeaSe) l in¢aSe in ertorS (13,7591 35,108 (585,6231 432,134 Cash generated from operntions 134.247 125,822 Cla¥ets In The Comrnufiity tsmrfied-Annual RtFort and FwrKial Staternents 2022.2023 39