CLARETS IN THE COMMUNrrY uMrrED l• covnpany by guar4nt•e) ANNUAL REPORT AND CONSOUDATED FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 Company Number. 08615704 Regtstered Charity Number. 1155856 Clarets In The Commuilty Urnlted-Annual Rewt and &aternents 202>2024 CLARETS IN THE CQMMUNITY LIMITED (a cornNny Ilmlt•d by guarnntee) Pag• Legal and Admintstrative Infonnation Trustees. report Statefftnt of Twustee5' responslbllllles 10 Independent Auditorfs report Consolidated Slatenwt of Financwl Acti¥ths 15 Consoltaated state￿￿t of Financial Position 16 Company Statement of Fina￿al Position 17 Con4olidated Ca6h FkTW StaietrEnt 18 Notes to the crnlKlated financial statements 19 aarets InThe Cofflrnunlty Urnlted-kn￿l Report and FInal￿141 *ateffeftts 202>2024 GLARETS IN THE COMMUNrrY LIMITED lo company Ilmlted ty guarnnt••) LEGAL AND ADMINISTRATIVE INFORMATION H Al-Kailani A Anwar M L Garlrck S A Hunt (apwvnted l November W23) BC￿lbY D M Lawson Y Naheed T Nelson (Chair) AGPace D L Rothwell RHJSutton M Thompson (rewned 6 July 2023) M R Wlliams PASWlson The mistees xt as direclors for tre purpose of con¥)any lthv. Chlef Exocutfve OIR¢•r H L Gumian Charity numbor 1155856 Company number 08615704 Registered ollke Turf Moor Harry Potte Bumley Lancashire BB10 4BX Indep•nd•nt Audlto PM+M Solutions for Business LLP Chartere(l ACC￿ntsnts New Century House Greenbank Tethnology Park Blackbum Lancashire B815QB Banke Barclays Bank plc 72178 St James Street Buriil¥y Lancashire BB111NH aarets InThe Commuft￿ ￿rnfted-ATrnull Re￿)rt and StatÈments 202>2024 CLAREfs IN THE COPAPAUNttY UMITED TRUSTEES. REPORT IINCLUDING DIRECTOR8, REPORTI FOR THE YEAR ENDED 30 JUNE 2024 The trustees pyesent their report and the a￿alted financial Sts1w￿Its of Ihe grwp and the cornpany for the year ended 30 June 2024. ObJectlvM and Actlvllles Burnley FC in the Community is a self4nartirvJ. registered chanty with a mission to inspire, support and deliver positsve change for ail. This is achbeved through the delNery of two Ove￿1¢hing outcomes and three tstgeted outco[￿. 1. To harness the unKiue standlig of Bumloy F￿1 Club to delNer lastirvj thange in the bcal communty. 2. To emL*d ouvsefvES in the l(7(a comnyjnty ftx h)n*terni operabTrJ of outstarKling facilitb8S. etsd Ouicoffes 1. Eng29e with our eommunibes to rnisè aspirations. 2. Support our communty to five healthy lThfe3. 3. Create a level playing fthj for all to eng4e in sw)rt and t*iysical acm. Bumlev FC in the Community is commrtted to dèvèloping a ranop of cnmmuntyJ)aged proiocts acrose the tx)roughs of Bumley, Pend￿. Rossendale. Ribble Valley and Cabderdale. Tar The Charity has four core values whKh are the ideals it 5trNes to &hleve every day in the ¢Jalivery of Its aCt￿l￿e$ ar￿ cnarIta￿e worK InciusN8, Integnty, PaSS￿nate and R￿lIent. The charity delivered a wide range of o)mmunty prc4ects during the 2023-24 ffinan￿al year to help dolwèr its aimG, including.. Premier League Priffory Slars Premier League lQ"cks Pr@mi@r LpAoiJp. Inqpirps Female Footbal Disability Swrt Schools Sport F(x)tball Coaching Bumley Communty l(t¢hen Foodbank Youlh Crirne Reductkjn Clarets WelconE- Refwees ProRct Veterans Programme Actrve Clarets- Heath and Vkllbeirs Pr(granNTEs Mental Y¥eiiDeing Programn Champions Youth Intervention Prc*Jran STEM Achievgmpnts and Perfofmance This financ￿1 year represents the chanty's tenth full year of operatiorts. During the year. the charity enoaged with over 30.000 individu2Lq. dp.INprino rwp.r ￿ ¢xvnmunity proiee& in Burnlay and the wider region. In order to celebrate ten years of impact we he￿ a number of events ￿lmInating with an event at the House of Lords hosted by Lord Khan. As a charity we LYJnb'nued to experience signffKant demaid for our ftx>Jbank'. the Bum* Community Kitchen. We have conts.nuea lo work in partnership with several Organisat￿$ in the area as part Df Burnley Together to ensure that we were ablo to support thg. rrYJAt viilnÈrable in the tovm. W• hava also re￿)gnIsed a need to link youw peo￿ with local businesses so have launched an innovative STEM offer whth aims to spark an interest in STEM cxeers for our yourKJ peopl¢. aarets InThe Comrnunlty UMfted-Arn￿1 RerortarKI Flnar¢lal Ststements 202>2024 CLAREfs IN THE COMMUNrrY UPArrED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 30 JUNE 2024 Fundralsing The charity undertakes fundr8ising athity in the fom of fvndraising events. the p￿r￿se of wh￿h is to generate unrestrthd inrxJmÈ for the charity. Any incoming resourcas from fundratsing are reco9nised In the Consolidated Ststerr*nt of Finanoal A(*vibes once the charity i¥ enbtw to the fvndtaisln income and wovided that the income w be relably rreasured. A number ol fundra￿1ng events ￿re succtssfvl in raisiNJ vital fijnds for the thanty. indudiw: Chanty GOW Day Turf Sleepout The Big Bumw Breakout Communty Charity Dinner TurfTalk Live The charity did not approach the general Publ￿ with wart15 to fundraislNJ in an unsoli¢J"ted manner and does not intend to do so in ftjture year5. charity did not receive any eJynpLgints during the year ab(xrt its fundraising &tivities. In oddrtion to the unrestriGted fuThJs atNJ ￿￿411{￿5 le￿[Ve￿, the charny B grdteful to the frllowing fundets and dunot5 who have supported us by way of restrKted grdnts and donations duritYJ the year, which have been u8ed to directty delNer provision and services: Anr*d Forces coven￿ Fund Tntst BBC Children in Need Bumley Borough Council Burnley Fc(Jlball Club East LancaShI￿ Medical Services EFL Trust F￿tball AssocBtson Fort Vale Great Places Houaing Grwp 151amlc flellef LanCashI￿ & South Cumbria NHS Foundab'on Trust Lanedshi￿ County CounGiI Lanca5hire Ctkket Foundaiion Lancashire poli￿ & Crime Corrwniswner LaneashYe w￿1•ne9 R•duction Unrfl Macmillan National Lottery NeL80n & Colne Co119ge Group Parkinson's UK Pr8mier League Charitable Fund Restart Consulting Safran Nacelles Singleton Eryin8@rirKJ Sport England Spring North Sutton Pendle Charitable Trusl ThomÈ A(xxs & SeeJJrity Ltd Travts Perkins UK Youtn Up The Clarets V8ka PLC Veterans foyndatv ￿+￿1n0n$ Gommunty Fund V¥kntton & Co Ltd aarets In The Cofflmunlty lknlted-Annual Rep)rt and FO￿￿1•1 St3terr*nts 2023-2024 CLAREfs IN THE COPAIUNffY LIIArrED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDEO 30 JUNE 2024 Flnanclal Revlew The table below summarlses tne finarrAI posibm for the fina￿1 years 2024 and 2023: Y•ar ènded 30 June 2024 Y•ar ond 30 June 2023 Total Incoming resourcas Total ouigoing resources Net SUrplu￿{defic￿t) for the year £3.817,117 £3,611,742 £205,375 £3,221.246 £3,272,733 (£52,487) Cash at bank and in hand Net current assets £1,059,352 £883.465 £713.797 £712.554 Tolal In￿Ming resources Increawj by 18% to £3,817,117, paruy due to the hioher level of eore granl tunding from the Premier League to the football dub be#ig womted to that league for the 202>24 season. The charity has aL80 been suc￿9$￿1 in obtaining grant funding from other provilers to $UPPtyt initiatrwes Éuch as STEM. Furtherwe, the charity sUC￿SfUlty hosted both new arKI improved fundraising events duritvj Y￿[. Total outgolng resources increase(I by 10% 10 £3.611,742. The new funding enabled the chanty to increase ts offering through new programmes. required addibonal staffing and other Duè to the f&*rs detailed atthie, the net result for the Ye￿WaS a surplus of£205,375, a signtfrant improvement from the de￿it of £52,487 Ihe pnor year. Castt and cash equwalents at 30 June 2024 arTh)unted to £1.059.352. an incrÈaÉe of aAOA over th• reporting peri￿￿. The charity targets days cash on hand in excess of 60 days and the e2$h at 30 June 2024 represents days cash on hand of 1 C6 d￿s. comfortabty above the benchmark. Net ¢urrent 8s8ets increased by 24% to £883,465. The Ghatity tar9ets a current ratio of 1.1x and Ilie ra1￿ al 30 June 2024 was i.6fX, CofTTfonaDfy atsove Ihe l)enchma FInanchil￿*, this has been the ThK)st successful year in the chanty's 10-year hrstory. It leaves the charity on a strong footing to milw any fubjre challervJes, Includit￿ the Club's relegation from the Prémior L•ague at the end of the 2&24 xoson and the resulting drop in ¢ote gianl funding. Reserv83 Polky The obiecb've of having free reserves is to enable the charity to (XWÈ with unplanned ￿ents. Very oftan, the effects of an unplanned 8vent can be managed in the long-tem, bLrt tho charity neets reserve5 in the meantime. Tli¥ tsu51Ee5 worklng tvwarus mainBTiiry an overall target level for free reser¥es which is equivalent to tsvo ￿K)nths. net operab'ng costs, where fixed assets are discounted when r2lculating the level ot reserves the charty. The trustees believe this lÈvel is appropriate since the charity has relativety predthble and diverse irKome stream6, making tt unlikety that all income will reduce at once. FUrthemio￿, some slaff are on fixed-temi or Ga5ual COn￿ts which be terminaled qulckty followng a drop in fvrKJing. The trustees must monitor arKI review ￿ level of r8serves at least annualty. th line with the gutdance issued by the Charity Comrnission., ht)wever, th818vel of reseryes i% monrtored throughout tho year as part of the nornial monitoring and budg•tary roporting processes. Thc level of re3eThe3 i• always dls¢ussed by the trustees at their quartety govemance meeting during Ihe Finance agenda item. The trustees ackrKwAedge Ifot the level ot reserves for the charTiy chanqes during the year and could either be a good indic8tor of the undeftying financ￿ health of the thanty.. or cnuld be an indutor of potenknal prob￿rr6. Clarets InThe Comrnvnliy LIMIted-Ann￿l Report a￿1 Flnarthl Staternents 2023-2024 CLAREfs IN The COMMUNrrY LihwfED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORD FOR THE YEAR ENDED 30 JUPIE 2024 Under the reserves tsryet thl of tree ffteNes at erKJ of 30 Juno 2024 would be £607.414. Reserves at 30 June 21Y24 are as folk￿. 30 June 2024 Total reserves Less tangiblc fixed a￿ts 2.119,167 1,403,790 715,377 The free reserrfes are above the targd and the level ofcfjver is 72 days. Maasures takon ty the trustees to In¢￿aSe free r•serrfes have succeeded in bn'ngiTh3 thks measure above the tsrget. ￿thOut detriment of the overarching obiectr¥¢8 0fthe charty. Llver Ihe me(lium to longer term, in the event tr￿1 the Charrty bulds srgnjficant reserves, trustees must.. Identify when reserves are dra4vn on so that they understsrKI th8 reasons and consKler the Corrective a¢tK•n, rf any. Ihat [￿e￿5 io ￿ ￿￿en. Itjentrfy when reseNe leveis nse signffiGantty atove target so that they understand the reasons and can consider the wecljve act￿. rf any. that needs to be taken. Engure that the R9￿rVo¢ Policy continuoe to be relevont ￿ thc chgrity devclopo or rf the Strategy and acti¥itEs of charity GhaTrJes. Going GonGern At Ine Iirre ot approving the annual reF(Kt and ffinancial statements. the irustees have a reasonable expectation that the chwity has adequate r@S(￿re￿ to eontinue in operational existenco for the for@Se8able fvture. Invoslment Policie• Under the mer￿rarKjUrn an¢J J4Jtrles of AsKKiab'on, Ihe charty has the Kmmer to make any investment which the trustees See fit and as necessary frjr e2rying oul rth8ritablè aetivities. In additKin. undor the Memorandum and of Association. Ihe charty rrAy set aside In￿Me as a re*rve 89ainst fu￿re expenditure, but onty in &2024 CLAREfs IN THE COIAMUNrrY UMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 The charity holds a Prinopal Risk Inventory. on which all idenlthed Tisks are categ0ri5ed and logged. Each risk is gNen a severwty rating and a likelih(xxl raiing ana is rnap￿￿ to a sen8s of controls, in pla to mrtygate said rtsts. Conversety. the charity also has a Principal Controls Inventrrty, which lists all controls and maps them to one or more r￿kS as appropriate. IAtrwe there is a control which maps to n￿re than one rlsk, the charity calls this a key (x)ntrol. The prcKesses in plxe to Klentify. loa and ffAnaae rigk arp. rpvv••ed gnnualty. The main risks ¢urrenty identif*d relate to re8erves and liquidity manage1v￿( fa(x11t￿S tisk; lumovei of stafP, and rnajor KKidents whith could damage the rePutst￿ of the charity. Plan• for futurn porlod8 The charty has a thre&year strategy vthich runs from 2022 - 2025 aTrJ a business plan which is f•ViW*od *)d updated annualty, in order to ￿hleye its Objec￿3. The Gharity wlll Con￿nUe to nEet and fvrther devek)p existing publ￿, private and voluntary sector partnerships. The charity will also look to enhance and further Pro￿￿ fundraisirvJ initobve5. SO to increase its reserve levels. Slructure, Governance and Manag•m•rt Constitulion Thé comp2ny 18 eonstituted ae a company limbted by 9uar8ntee {coryiny nurnber. 08015704) aiid 15 govemed by its Articles of AssrKiatson. The chanty ts registered with the Charity Commission Icharity number. 1155856). The charity operates under its workin9 narre of'Burnley FC in the CorYThinty'. The knli2024 CLARETS IN THE COMPAUNttY UMrrED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Method ol appointment or el8Gtion of tru5te•s The Ghatity ellher advertises for r￿¥ trustees, or approa(*83 indiwduals wrlh the appropriate skills andlor experien￿ to contribute to the Tr￿nagernent of the organisation. ￿1 trustees aro appointed foilowing a formal reuuitment ryrmxs and attend a eonyohensive indLKtion programme. All of the trustees are ffEmbers ofthe aXrV￿. The liabity of exh member by way ofth&r guarantee lo the wmpany is to contribute a sum not exc*ling ten Founds lo the assets of Ihe company. if so required on the windina up of the company. Trustse Induetlon and tralning New trustees undergo training on tt*ir bjal otlpJatw)ns under (*arty and company I￿. Ire wntent of the Memoiandum and Articles of AsScOat￿n,. tho Com￿￿ttee and *isK)n.making process: the business ptan and recent finanaal perfonNgrKe ofthe charity. Dunng thé inductK)n training programme. new trustees leam about the organisaton's purpose. hBtory. aims and objectrves. services, staff and volunteers, facilities. socunty. fvnding. safeguarding requirements. residents. participalion, strategic work, multi-ag¢nGy invofverrent ar¥J Par￿1￿￿71￿ involve￿￿rt TIW also rm key personnel to learn about their work roles. Publlc benefft The trustees have had regard to the Charity con￿$$￿￿.5 guidance on public benefjts in carrying out the activiknes of the charty. R•mun•rat The remuneration of charity's key man¥rr*nt personnel is sèt by annual revww and confinned by the tnjstees. The trustees are 911 volunte8rs and do not receive any remunerab'on for their servi￿, DISCI￿Ur• of inforniatlon to th• Indepondent Auditorn Each trusiee has taken steps that they ought to have tsken as a trustee. in order to make thems8￿e$ aware of any relevent audit infonnation and lo pqtAhli¢h that tho company'g auditors aro aware of that information. The trustees confimi that there k8 no re￿vant informats'on that they kncyw of arml whith they knu4Y the auditofs are un&vare of. Appolntmenr Of Inaepondom Audltorn The auditors, PM*M Solutions for Business LLP. are dÈempd to be reaprKsintthY under soction 487 {2) of the Companies Act 2￿6. AForoved by the Board on.. and signed on its b•half by" B T Nel%>n Trustee Clarets InThe Gynrnunlty ￿mIl*d-A￿Ual Rem and Flnar*kl ￿rnents 202>2024 CLAR￿5 IN THE CQMIIUNrrY LIAvfED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDEfJ 30 JUNE 2024 STATEMEKf OF TRUSTEES. RESPONSBILrnES - YEAR ENDED 30 JUNE 2Q24 The trustees, are also the directors of CLgrets In The Conynunty Limiied for ts purpo$8 of company jaw, ar@ resrA)nsible for preparing the Trustees. R•port and the fmancBI statements in accordance with applicable and regulations. Company taw Tequires Ihe trustees to prepare finanaal staterrEnts for each financial year. Under that law the trustees have elected to prepare the financial State￿Ents in acxJYdar*C* with United Kingdom Generally Ac￿t￿ A(rniinting prneti￿ (United Kingdom Acccmjnbrbg Standards and applTrcable law). Under company law, the trustees must not approve the financaal stat¢Th￿nts unless they are satisf that they grve a true and lair view of the stak ofaffays ofthe group and the ￿rnpany, and of the Incom8 and expenditure account for that period. In p￿Panng those financial staterrents. the trustees are required to.. select suilable ￿t￿nti￿ aTrJ aFvty them consk8tenty', make judgements and ￿CoUnting ests'mates tw are reasonable and pn￿ent ob5errfe Ine meihods ana pnnclpies In me Lh￿ SORP: and prep8re the financ￿1 statèments on the going concem tASiS Unl￿ li Is inapproprlate to pr8sume that thè group and the company will ¢￿tr.nue in business. The trustees are Tesponsibk ts keeping adequate a(xx)untTng re(x)ras that are sufficient lo show and explain the group's and Ihe company's transxbons and dwiose with reasonab￿ accuracy at any ti'me the financial position of the group and the company and enab￿ ttw.m tn •.ngure thgt the financial statements compty with the Companres Act 2CK6. The trustees are also responsible for sBfeguarding the assets of the group and the company and hence for taking ￿asOna￿￿e steps for the prevention and detection of fraud and other trreguiartiies. aarets InThe Comnwth Llmlled-AnnuJl Rewrtand Fknanclal StatomÈnts 202&?￿4 CLAREfs IN THE COMMUNITY uMrrED INDEPENDENT AUDrfoR'S REPORT TO THE TRUSTEES OF CLAREfs IN THE COMMUNtrY LIMITED YEAR ENDED 30 JUNE 2024 Opinion We have audrtea the finanoal statements of Clarets In Communty Limited {the 'Charity') for the year ended 30 June 2024 wthich compnse the statement of financL41 ath'vities, statement of financial position, the statement of ea$h flows and notes to the frnan¢ial statements. induding signfficant accounting policaes. The fin8rtial reporting framvork thai ha5 been applied in th￿r preparatKin is applicable law and United ￿"ngdoM Puounting Slandards. including Financial Reporting Stsndard 102 Tr￿ Flnancial Reporting standard applKxh* in ts UK and Rèpubl￿ of Irgland (United Kingdom Generally Ae£epted AC￿ntsng Prac*¢*) In our oynion. the financial staterrtnts". give a twe and fair vlew of the state of Ihe thartabk company's affairs as at 30 June 2024 and of its Incoming r&wJrces and applicat￿ of ￿sOurces. for the year then ended., have been property prepared In aCC￿thee wth United lfjngdom Generally AAyxpted Aeeounb'ng Practicc,. and have been prepared in &Cor[lan￿ wlth the rwjuweffents ￿ the Companies Act 2006. Ba818 for oplnlon We eonductod our audit in a¢wdance with Intemational Standat(Is ￿ Audtting (UK) (ISAS (UK)) and applicable law. Our responsibilit*s under those standards are furlher described in the Audrtofs sponsibiltiies forlhe audrt ofthe finan￿81sta16rn8nts section of (wr reporL arè 1ndp.￿nd￿nt of th• Lharty In accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. Ir￿uding the FRC'S Ethical Standard, and we have fuffilled our other &th￿al responsibilities in accordan¢e wrth these requirernents. We that Ihe audit evldence we obtoined i¥ JuffiGiCnt arKI appropriair Lu prEFvwJe a t￿S for our opinffi. onc1￿10n$ relallng to golng concom In auditino the financial 4talpff*a.nts. we hav• Conclud￿ that the Trustcos, use of the going basis of accounts'ng in the preparatM￿ of the finarKial statements is apptopriate. 8ase(l on the work we have wforn)ed. havA nnt #l@ntrf￿ any mat•rial uncertainticts re￿tIng to events or wditions that individualty or collectpiely, may cast ￿gnIf￿ant doubt on the Chartty's abilty to continue as a going concetn fot a I￿)d of at kast ts¥e￿a ￿nthS flom vthen the financial stateffEnts are aUthOr￿ed for issue. Our r8sponsibilibes and the responsibilibes of the Trustees with rEs￿ to gokng cfficem are d8scJibed in the relevanl seclions of this report. Othor Inlommllon The other inforffotion Comprises the infDrrrwtion included in Ihe annual report other than the financial straternents and our auditors report thereon. The Trustees are res￿n￿1)le for the other information contained within Ihe annual rem Our olinion on the financial statements does nol Ca)ver the other information and wè do not express any fomi of assurance cOndus￿n thereon. Our responsibility is to read th• oth•r information and. in doing ao, w13id¢r YhEthcr vlh¥r Inforrnaik)n ￿ m￿enallY inconsistent with the financial statements or our knowledge obtaine(l in the course of the audit, or olherwise appea￿ to be materkalty misstated. If we identify such rrHterial inconsisterKies (x apparent Ma￿[11￿1 tni55Mements, we are requirea to 4Jetemine whether this gNes rise to a material misstateffÈnt in the financkil stateffents themsetves. If. based on the work we have perfom*d. we conclude that there is a material ryusstatement of thig other ink)rmation, we are roquired to report that f INe have nothing to reFQrt in Ihrs regard. Clareti In The Commuftlty Umithd-knnual Report and finprKlal Staten￿ts Z02>2024 li CLAREfs IN THE COMMUNrrY UMTTED INDEPENDENT AUD￿oR.5 REPORT TO THE TrUSTEES OF CLAREf8 IN THE COMIAUNrrY UMrrED YEAR ENDED 30 JUNE 2024 Matters on vlhlch we are requlred to report by oxcepu We have nothlng to report in resFect ofthe following matters in ￿l8110n to whth the Charitiès (Act4)unts and Report5) Regulat￿n$ 2008 require us to re￿rt to you rf. in c￿r opini￿. the information given in tho ￿n¢la1 8tsteft￿nts is inconsBtent in any material restEGt with the Trustees. repwtr. or sufficient acGounts"ng records have rK)t been kept c the financial Staten￿nts are not in aGreem@nt with fv ￿￿nIIng reeordg; or we have not r8c8ived all thè inf0m￿tr.0n and explarwtIx￿ require for our audiL R￿ponSIbIlItIeS ol Iru8teos As explained more fully in the statement of Trustees. reswnsibilitiex. the Trustees. who are al$0 the directors of Ihe Charity for the purpose of company Law, are ￿ponSib￿e for the preparatp?n of Ihe financial statements and for being sattsfied that Ihey give a true and falr view, and for such internal (XTrtrol as Ihe Tru*ees oaefflyne ￿ necessary to enable th8 weparation of financAI statèments that are free from material misststemenl. ¥4th@ther due to fraud or error. In preparing the financial staterrEnts, the Trustees are responsible for assessing the Charity's atilty to continue as a going concem, di%lwng, as iappliGable, ￿￿tter5 remeo to wng corKem and using the going concern basis of accountsng unless the Trustees etther intend to Ikiuthte the th*itable ￿n￿anY orto cease oporations, ¢Y have no realtsttc aliemative l)ut to do so. Audltorf$ r•8ponslbilities for lh• audlt of the finaTrcl•l statem We have been appointed as auditor under section 144 of the Charitios Ad 2011 and report in ac£ordance with th• Act and relevant regulations made or having effect tsreunder. Our obiectsves are to obtsin reasonable assurance aboLrt wfftethei the financial state￿￿nts as a whobe are free from matenal mi&8tstement. whether due to fraud or error. and to i&qlJP. An ALiditorfg report that Indudes our opinM)n. Reasonable assuranc￿ is a high of assurarKe but ts not a guarantee that en al￿11 conducted in accordance with ISAS (UK} will a￿vaYS det￿ a material misststemenl when it exists. Misstatements ¢an arise from fraud or error and a￿ considere(I matetial rf, Inijlvidualty or In the aggr￿at¢, Ui¥y [EasOna￿ be expecxeo to Inlluence the econom￿ decisions of users taken on the basis of t1￿ financA slateirents. Extent to whleh th• •udlt waB ¢onsid¢red ￿Pable of detecllng Irre9ularltle•• inGludlng frnud Irregularits'es, irKluding fraud, are instances of non2024 12 CLAREfs IN THE COMPAUNtrY UMITED INDEPENDEpif AUDITOR'S REPORT TO THE TRUSTEES OF CLARETS IN THE COMPAIUNrrY UMrrED YEAR ENDED 30 JUNE 2024 Identlfylng and a•sesslng potontlal ri8k8 related to Irregularities In identifying and assessing of material misstatement In respect of irregularnBs. including fraud and nonnS that had a direct effect on the detemiinalion of matsrial amunts and in financkl sme￿rrts. Tne Key laws and regulations we considereo in th￿ context included UK Companies Art Charitss ACL ernpbyff￿nt Lw. hea￿h and safety. per£itins18gislalion and tax legislation. Audlt rgspon5e to rfsks identified Our procedures to respond to risks identified induded tho folitMing: ing the financial ststement dixh)surv6 and testiry to 0upy￿1￿1¥ dgGuwTEntaUon assess Complian￿ ￿ryth provisk)ns of ￿leVant I￿ and regulabons described as having a direct effect on the financial statements: enquirirvj of managerrEnt conceming xtual arKI pc*enti81 libgthn and claifrts: perf￿rnI￿ anatytical prrKeaures to identy ￿Y unusual or unexpected relationships that may Indicate risks of mateiial mi$state￿￿t due to fraud: r••dln9 minutè¢ of meetings ot thosc chorsed with govemance and rev•ewitw ￿[[¥￿V￿1￿e￿Ge with HMRC: and in aldressing the iden11f￿d risks of fraud through nwnaaement overrNle of o)ntrols. testing th@ approprrateness of J1￿M81 entr￿S and other adjustrnents.. assessing whether tha judgements made in making acca￿ntsng eth'mates a￿ ind￿atiVe of a potential bias.. and evaluabng the busine&s rationa￿ ofany 5wnfficant trdnsaLtons th￿ are unusual or outside tli8 nonrol course of business. Claiets In The Comrnunty Llmfted -Annual Rel￿rtand FI￿￿￿11 Ststements 202>2024 CLARETS IN THE COWAUNrrY UMTfED 4DEPENDeNT AUDffOR'S REPQI(r TO THE TRUSTEES OF CLAREfs IN THE COMMUNrrY UMrrEO YEAR ENDED 30 JUNE 2024 C￿*Ing to the inherent limitations of an audrt there is an unavoNJable risk that we may not have detected sonE material mi55tatements li the finanaal statements, even ttK)ugh we have pro￿rtY planned and perrOrr￿ our audit in accor￿Ce with auditing standards. For example. the further rerrnved non- complia￿e with laws and rggulations (Ir￿u￿rIties} is from events and transactions reflected in the fin?nci81 staterrents. the less likdy the ￿herenty lirrmted pr¢xeiluras required by auditing standards woul¢J rdentrfy rt. In additK)n. as with any aLMJiL there remained a higher risk of non4ete¢tion of irreoularities, ax Ih@sÈ rn9y involve collusion. forgery, intentional omissiona, misrepro3enldts'tJn5, or the override ol internal controls. ￿ a￿ not reSp￿Ible for weventing nonn 1212 of the Componies Act 21x6. Clarets InThÈ Communlty Lknyted -Annual Rewt at)d Fknarflal Statemènts 202>2ry24 14 CLAR￿5 14 THE COMMUNrrY UMITED CONSOLIDATED STATEME1￿ OF FINANCIAL ACTlVtriES (INCORPORATING A CONSOLIDATED INCOIE AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2024 2024 2024 2024 2024 2023 (restatad) nds capllal Total Totol nds InGomlng resourGo• Income and endo￿1￿1￿ from: Donations and leg￿leS 623,187 2￿,474 909.661 708,003 Charttsble actNitss 623,631 1.927.497 2,551.128 2.258,314 Oth8r trading activities 323.053 20,785 239,498 Investrnents 2.114 2,114 637 other income 10.376 10,376 14,794 Totsl 1502,￿1 3817117 J 221 246 Re80urco9 •xD•nd•d Expendtture on: Ralsing runas 101. 211.178 312,741 279.088 Charhabl@ activii 1,167,473 2.032,300 99.228 3,299,1)01 2,994,845 Total 2,243 478 3611742 3 273 733 Not Incom• lor th• yoar 11 Trdn5fers between fvnds (158,543) 158.543 Nèt movèment In Iufhds Reconciliation of funds: Tt)tAI filndg brought forward 843.488 1 206 792 1 913,792 1908 2T9 Total funds ¢arrled lorwanl 2 119 167 1 P13 792 The statement of ffin8ncial *ivities indudes all gain6 and losses re¢￿gnised in the year. All income experNlilure detive from (x>nlnulrvJ aclivths. The statement of financial aCtivi￿S also ty￿￿￿99 Mrith tho r4uYgmgntg an ineomè and expendiiurc acenunt under the Companies Act 2￿6. aarets In The Communlty Llfftted-Annual fte￿)rt •YKI FIMr*lal StaterT*nts 202>2024 CLARETS IN THE GOMMUNrrY UMtTED CONSOLIDATED STATEIAEKf OF PINANCIAL POSMON AS AT 30 JUNE 2024 2024 2024 2023 2023 Fixod a66ets Tangible as8ets 16 1,403.7 1,529,354 Current assets Deblors Cash at bank and in hand 18 721,149 1,OS9.352 1780 501 670,286 713,797 i.J04,D83 Credltorn: arrthnts falling due within one year 19 Net current assets Total a8sets1•88 cuff•nt Ilablllll•s 2.287.255 2.241,908 Cr•dltorn: amount8 fallin9 due after more than one year 1168,088) (328.116) Net us•ls 2,119,167 1913792 Flnanced by: Unrestricted funds 23 798.270 843,488 Restrthd general funds 23 213.333 63,512 RestriGted capilal fuwia> 23 1,107. 1,206,792 2 119.167 1913 792 Thefi were nGial tst*Tr￿ts wete aFyovtYl by Bvdid of on .. gned on its behalf by.. and t5 1 Nelson Chalr Ogrets In The Cornrnunliy Llmlted-Annual ReMaThl FknanrJal StatÈments X12¥2024 16 CLARETS IN THE COMMUNrrY LIIIITED GOMPANY STATEMENT OF FINANCIAL posmoN AS AT 30 JUNE 2024 2024 2024 2023 2023 Fixed assets Tangible assets Inveslrnents 16 17 295,057 862,500 1 157 557 296.(M)4 1,012 500 1,308,504 Current a•sets Debtors C85h at bank and in hand 695,736 1,033.641 1729.377 727,029 1,294,503 Cr•dilorn: atTK)unts fallir due within year 19 571676 Net curvent a$￿t3 955.666 Tolal as60ts le￿ current Ilabllili 2.113.223 ? 031,331 Credftorn: amounts falling due after oné year 20 328 116 1945 135 1703215 Flnanced by: Unrestrictsd funds 23 158.238 83,190 Restrrted general fvnds 23 213.333 63,512 Restrthd fund5 23 1.573.564 1,576.513 1703215 The finan were s ' I statements were approved bythÈ FlrtAn4 oITn￿te@sofi.................... ....... ...... and on lis behalf by: 8TN• Chalr CLarets In ThÈ Communty Umlted-Annu•l Report and FI￿ndal Statements 202>2024 17 CLAREfs IN THE G(IMMUNtrY LIMtTED CONSOUDATED CASH FLOW STATEIIiEP FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 Cash ffl0￿ from opetatlng actlvftles Cash generated from operatK)ns 384.282 134.247 Cash flow8 from Investlng aGlivlll•s Purcna5e ot property. plant and equipThent Proceeds on dis￿$81 ol tangible assets Inter￿t received (31.184) 1.887 1.987 (56,$43) 10,624 638 N•t cagh used In flnanelng •ctlvltl•8 Intgrest paid <27.530) (45,281) (11.1971 9.148 (11.19n {9,148) Net In¢r•a•• in cash and Lqsh aqulval•nl• 345,556 79,016 Cash and cuh equivalonts at bogknnlng of yur 713.797 633 979 Cash and cash oqulval•nt• at •nd of year 1.059 352 713 797 aarets In The Communlty UmStod-Annual Reryxt and Flnandal statÈrn￿ 2023-2024 18 CLAREfs IN THE COMIAUNITY uMrtED NOTES TO THE CONSOLIDATEO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 l Aceountlng Pollclos Charity Infommtion Clarets In The Communty Limited is a private c£ryany limited by guarantee inc4)r￿rated in England and Wlales. The registered office is Turf Moor, Harry Potts Way. Bumley, BB10 4BX. The member5 of the ￿MpanY are the Trustees EYevp>Jsty narTvJ. In the event of the 9)m￿anY tr￿"ng wound up, the liability in respeGt of Ihe guardnlee is ￿rnited to £10 per member of the a)mpany. Accounting conv•ntit The finarrial statements have been prepared in accordance with the charty's governing document, the Companies knt 2006 and 'Accourfing and RepoKbrvJ by Charities: Statetrent of Recommended PractKe aPpIThb￿ to Charities preparing their •xounts In a¢a)rdan￿ with the Finanaal Reporting Stsnaard appticable in the UK and Republ￿ of Ireland (FRS 102)- (eff&*iv@ 1 January 2019). The charty is a Public Benefit Entity as defined by FRS 102. The finanoial -tatements are prepared in sterlin9, VA1￿11 Fi Ihe funcllwal currency ot m• cnan"ty. Monetary arn￿nts in these finanaal slatsrnents are rount1ed to the nearest pound. Group financlal $tat•ments Th@ financ*1 statemÈnts consoldate thg rowlls ofthe charrty and its wholly owned subsidiary BFCITC Facilitie8 (Enterprises) Ltd on a line-by-line basis. A separate Slatement of Financrdl knvities for Ihe charity has not teen presented be(xu5e the group has tsken &Jvantsge of the exemption afftKded by 6eciion 408 of the LOMPan￿ Act 20tI3. Golng concorn Th08e financial statements a￿ prepared on the going Gonceffl tK6is. The ttU51ees have a reasonable expectation that the company and group will continue in operational existence for the foreseeable future. The trustees have considered the financial stabilty of etharity smd group for a pofiod of at least 12 months from the date of swJning these financial staternents. They have assessed finanGial Ferformance and ensured that the ￿rnPany has Su￿lent finarKe available to Maitrtain its cashflow during this period. Charilable fund8 Unrestricted funds are avaiLgble for use at discretion of the trustees in fvrtheronce of chartlable objéctiv•q. Restrthd lunds are subj'ect to speafic condrnon$ MY￿sed by doncKs as to how they may be used. The purposes arKI uses of restrided funds ¥e set (wt in the notes to thè finanp.ial gtalerr*nt Restricted wital ￿ndS are raslricted furKls reLEived to fund the rerM>vation of the Vthiteh(xJgh Out(loor Centre and the ￿nvers1On of part of the Bn"eTfielJ Mill site intD The Leisure Box ccmmunity kisure centre. Incomlng r080urces Invnl￿ is reeognised wh•n th• eharity ￿ legalty enlitlod to it after any perlomiance Gondiliuiib hdve bèen met, the arrty)unts can be n￿asUred reliabty. and rt is probable that irKome will be recerved. Cash donations are IuEiJgniwJ recelpt. Olher aOna￿n$ are recognised once the charity has been notlfled of the donatson unless ￿r[￿nCe conditions require deferral of the arTh)unL Income tax recoverable in relation to donations received under Gift Aid or de8Als of covenant reo)gnised at the tim@ ol th* drtrnation. Income is measured al the fair valuE of the wnsiderallon rec*tved and ￿presents anx)unts r￿l¥able fDrgocrfls arKI ser¥ic8s provNJed in the nomil course of tyJsir*ss. net ofdisc<)unts. VATand cjttw $41@s related itew6. Clarets In The ComnwiHty Lknrted-Awl Rewt arAI Fknartbal StatemÈnts 2(Q3.2024 19 CLARETS IN THE COMMUNrrY UMrrED NOTES TO ThE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 1 Accounting Pollcl•s (contlnu•d) R88ouvce• exp•nded Expenditure is recogni5ed On￿ the￿ 15 a legal or construclive obligaiion to make a payment to a third party, il is ptobable that SetUerr￿ will be required and the a￿L)Unt of the obligatx)n can bo measured reliabty. Ex[￿diture is daSs￿d under the folkM¥ig actNty headings: 'Costs of raising funds, th¢ G05ts of al￿￿11￿￿ voluntsry income, and those incurred in trading &tr¥itES that raise fund5. 'Expenditure on chaTitsble xtml￿. indudes the costs of sreafic prcKJrammeB undertaken to fvrtner the purposes of the charity and their associated support costs. Expenditure which is directty attributsble to S￿￿fiC aGtprftties has been Included in these cost categories. ￿ere ￿)sts are attTibutsble to ￿re than one &tivity. such as support thoy havè appgnk>ned across me cost categffts M a basts consistent with use of these resour￿. All expenditure is exclusi¥e of irreeoverablo VAT. Tanglble fixed assets Individual tsngible fixed assets Coskng £1.000 ¢x n￿re are captsiLsed. T8ngit4e fixed assets are [r￿Sured at cost or valuation. net of depreciakn And ty iftya1rn￿nt loeees. Depreciation is recognised to write off Ihe cost or valuation of assets le55 their residual values over thèir useful lives on the fOlk￿Ing basi5: Leasehold prorwty iry)rovem•nts Play, climbing or other equipnRnt Office. kitchen aNI (x)nwuter eqU1prr￿ Outdoor equipwt Motor ¥eh￿eS 0.8% or 2% per annum 5tr3ight Ilne 5%. 8% or 10% D@r anniAm stravJht Iln• 20% or 33.3% Fer annum sltaight line 20% or 33.3% per annum stra￿h1 liné 26% per annum 3trawJht lil The gain or Ioss arising on the disposal of an asset Is detemiined as the difference between the sale pro￿ a￿1 the carrywig value of the asse( and is ￿nised in the stst@mp.nt of finaneial actwjtieB. Impalmient of flxed assets At each reporting end date. the charity revie￿ the caryiTrJ amounts of ts tangibie assets to determine whother thcrc is any indrcation that It1V￿ &￿ets have suffer&J an impairment k)ss. If any such indication exists. the wecoverable an￿Unt of the asset is estimated in (xder to detÈm)ine the extent of the impalnneni loss Ill any). Investmènts Inveslments are stated at cost less rKoyisw￿ fcK Irrpalr￿￿Trl Ga¥n and ¢a8n equNaients Cash and cash equlva￿nts include CAsh in hand and deposits held at (all wth bgnks. Financlal Instruments The charity has elected to appty the provisions of Section 11 'Basic Financial Instrun￿nts, and Section 12 '0thEI Financial Instruments Issues. of FRS 102 to all of ts finar￿131 inRtrun*nts. Financlal instrurrents are re(xgnised in the d￿rIty'S Stalemwlt of financial Frf)Stbon Tknen the company b￿0￿￿$ party to the ￿n￿&thI provisions or the instrumenL aarets InThe thmrnunty Lbrnlted -Annual Report and flnanc4•1 Ststements 202>2024 20 CLAREfs IN THE COMPIUNrrY LIMITED NOTES TO THE CONSOUDATED FWUNCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 1 Ac￿UntIng Poncl•• (con15nuod) Baslc flnan¢Sal a3￿ts Basic financbl assets. which include debtors. to fellow group compan￿$ and cash and bank balanos. are initialty rneasured at tranwlh)n pric£ including tran5actK?n costs. Financ￿1 assets elassified as r8ceFvabba within one year a￿ not amortised. Baslc financial Ilabllitie8 Basic financial liabiliti@s. indudry ereditors, arn initalty recognised at transaction prfce. Financial liabililies dassified as payable With￿ one y￿[ we not arrKxti5ed. Cla8811katlon of Ilnanclal Ilablllll•• Financial Ikibilib'es and equty instruments ere classified acc(￿dIng to the Substan￿ of the contractual airaii9¥iiKyiib eiiteTetl into. An equty Instrument Is any C￿act trRt eVKIen￿S a residual internst in the assets of the company after deducting all of its kabilities. Ernployee benefit• The cost ofany unused holiday ents"l*ment is recognised in the per￿)d in thé employee's serrfices are raceNed. Redundancy and terminatbjn beneffts are recogntsed iriv￿latety as an expense *l)en the charity is deffKJnstrably committed to lermin*e the emplOyff￿nI of an employee or to F￿0V￿ rodundancy or termination benefits. Rglirem•nt ben•frtb Payments to defin￿ ￿ntri1m￿nn gnd defin•Y b@n•fft r•lir•m•nt 8¢homee are ohorgcd 03 an expenje en they fall due. L•as•s entals payable under operatiFVJ leases, induding any kne incentives received. ar8 chargèd as an expense on a straight4ine basis over the tem of the rele¥ant lease. 2 Crltl¢o1 o¢coyntlng estlm•t¢• aThl Audgwrnnl• In the applic*'on of the chanty's a%￿nI]ng the trustees are required to make judgements, estimates and assumDts"ons about thÈ eArying aft￿nI of 9*￿t9 and li>bilitio¢ that arc not readily apparent from other sources. The estimates and asSttI*￿ assumptions are based on historKal experience and other thtors that are relevant. AGtual resuts may diffEf from these estlmates. The estimates and undetying assumptions are Teviewed on an ongthng bas¢s. Revisions to 2(xounting estimates are recognised In the per￿ in wh￿h the estimate is revsed where the r8vision affects onty that ￿riOd. or in the of the revision and fijture penods ￿ere the rpvision affects both current and future periodG. The maln area of judgeff*nt Ihat has a risk of causing matsrial adjustment to the carry#io amounts of assets an(J IlaDiimes wthin me next financHI year. is in relation to the usefijl eCOnor￿ INes of the charity's fixed assets. aarets In The LkniiÈd-Ann￿l Re￿rt and Finafftci•l Staternènts 202>2024 21 CLARETS IN THE COIAPAUNtrY LihfffED NOTES TO THE CONSOUDATED FINANCIAL STATEIAEPffS FOR THE YEAR ENDED 30 JUNE 2024 J Incom? from donal￿ and l•gK*• 2023 Grants- Premier Leag Granls- English Fooiball L Donats'ons 210.833 138.667 35.0 534.336 708,003 698,828 900.661 Analys18 by fund Unrestricted lund2 R•sldcted ggneral furKI$ Restricted fun(ts e23.187 2￿,474 528.236 179.T67 909.661 708.IK13 4 Income from ¢harliabl• athiti 2024 2023 Ir•ststod) GrantÈ- PrAmi•r I wi•. Grants- l¢)eal autho Grants- other 676,307 1Ch),207 391.826 1,082,126 400.662 2,551.128 664.ese 102.293 258,311 839.409 393,445 2.258.314 ITading ia¢ilibes Anatys18 by unrestricted Restricted general I￿r#J$ Restridèd e4)rtal ftYKIA 623.631 1,927.497 551.955 1.7tA.359 2.551.128 2,258.314 S Incom• frorn othertradlng xilvlll•s 2024 2023 (restated) FurKlraislThJ events Sponsorship Rerrtal income 184,426 61272 85, 12,144 135.527 42.290 49,000 12.681 239.498 Anatysl8 by fund Unrostriet•d Restricted genefal fimds 323,053 20,785 2￿.810 343.838 239.4AA aarets In The ComThinity Limlted-Annual Re￿rt and FIna￿[al Staternert$ 202>2024 22 CLAREfs IN THE COIIMUNrrY UPArrED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 6 Incomo from lnv•sth￿nts 2023 Inter05t ￿l¥at4e 637 Anatyg1$ by fund Unregtrlrted fvnds Restricted 9¢neral funds Restricted Ca￿ fvnds 2.114 637 2.114 637 7 ¢)ther Income 2023 Gain on the di¥￿1 of t¥oible fixed assets Insur8nce plcwd￿￿batè Apprentice and Kickstart ¥clwn• Itnli Mix¢llarwJ¥ 1.867 8,154 10,625 1.617 55 10.376 1.052 14,794 An•ly•l8 ty fund Unrestri¢ted funds Restricted general funds Re5trKted caW funds 10.376 14,794 10.376 14.794 8 Expendkurn on ral•lng fvnds 2024 2023 (restated) Fundrnblng and m•rkdlng Gost& FunUralslrKJ events cosis Marketino costs 179,671 122,846 10224 312741 145.081 111.260 22,747 279,088 Anatysls ty fund Unrestricted fvnds Restricted genera fiNKIs 101.563 211,178 87.987 191.101 312.741 279,088 Clarets In The Commur4ty timbted-Annual Report aNI Flnartial Statewr*nts 202>2024 23 CLAREfs IN THE COMMUNrrY LIMrrED NOTE3 TO THE CONSOUDATED FINANCIAL STATEMENTS FOR ThE YEAR ENDED 30 JUNE 2024 9 Expendltur• on charltabl• aclmu 2024 2023 ((estat•d) 1.783,874 285,127 35.095 20.350 23,589 4.431 25,102 19.584 48.959 12,853 15,692 80.670 46.411 16,835 5.299 121,980 2.547,851 Dired pmiect costs Venue hire iJmc8 costs Velide cosls Professional fee• Insuran Equlpment lease eAxts Rent and wvice 1e1epn￿ and broa(fr)arwJ Vlal Ele¢triaty and gas Repars aThJ mainten¥ and equipment Loss on disFwI of ￿lts18 fixed Depreciation 1.650.786 234,928 29.560 28,559 4,069 3.725 23,806 20,235 10,687 10.591 71.0 46,460 20.450 138.330 2,328.133 Share of support (x)sts (see rth 10) Share of goyemance costs (se¢ rMJts 10) 733,075 18.075 3.￿1.001 656,662 9.850 Anatysis ty fund Urwestrirt￿ ftJntl* Restrided general funds Restn"aed ¢atya funds 1.167,473 2,032.300 99,228 1,073,010 1.819,029 102.600 Clarets In The Commwilty Umlted-Ar#wal A0￿rt￿nd ststements 202>2024 24 CLAREfs IN THE COMMUNrrY LiiirrED NOTES TO THE CQNSOUDATED FINANCIAL STATEMEP FOR THE YEAR ENDED 30 JUNE 2024 10 Support costs 8uppvrt Governanc• 2024 2023 Staff costs Kit costs H05pilalty 451.1W2 69,181 22.614 31.032 31,259 451,102 69.181 22,614 31,032 31259 415,386 60.874 1,224 25.708 25.870 Vehid¢ ¢05ts Insurance EquiFxnent lease costs Rent and seryice charge Telèphono and broadband Repai[5 and maim8nance IT and equipment VAT parbal exemplion restricti L06s on disFY)s* of Wible fixed asse Depreciab'on 381 381 3.080 17,000 10,922 ?47 219 17.( 10,922 247 17,000 13.571 530 8,576 52,756 60.824 60.824 28.833 28,833 26.744 Audit fEe5 Accountsncy Legal and professK)nal 17.450 625 17.450 625 9,000 850 666.512 733.01) 18.075 751.150 An8lysed be{￿en.. Ct￿TIlable acD¥Th¢s 733.075 18,075 751.150 e66,512 11 Net In¢(xng f¢x th• y•ar is statod after ¢harglng 2023 D•pr•eiation Auditols remunerab)n - statutory audit fee Auditorfs rernUnerat￿ - other a¢￿Unta￿ serv Operating *se rentals 150,01 J 17,450 625 165,075 9.000 12 staff costs 2024 2023 Wages and salariea s￿la1 5￿urity (yJsts Defined contriLwtion pension costs Defined benefit pension costs Other wnployee benefits 2,13t>.149 175,573 37,588 1,944,703 158,319 30,591 4.301 2,355 235 2 141409 Clarets In The CoMn￿nty Llmlted -Annual Reportand Fknartsl Staoments 202>2024 25 CLARETS IN THE COMMUNrrY LIMrrED NOTES TO THE CQNSOUDATED FINANCIAL STATEME1￿8 FOR THE YEAR ENDED 30 JUNE 20Z4 12 staff ¢o•ts Icontinued) The averagÈ number of employees inclwliry part tirrt staff (excludiwJ ttustees) anatyse¢ ty fvnction was.. 2024 2023 52 11 13 76 Dellvery of charrtable activities Tradino fxilrties mana0eff￿nt and adrr*niÈtration of the d)grity 13 14 73 In addilK)n to the abo￿. the tharity utliqes tho seNices of sessronal worker5 on zeriFhour5 contracts to enver staff ab9￿CeS and pefiods of high denwnd. During the year Ihe average number of sessional workers utilised was 32 (2023: 36). TM numtser of empbyees whose empbyee benefits exceèded £60.OCQ was: 2024 2023 £100,001- £110.( £90,001- £100,000 £80,(K11- £￿,{KI0 Key managernent hwrfe been det6tmin&l to be the four n*mbers of Ihe management Executive Committee and Head of Finance. The aggregate empbyfftnl ￿nefits paid tr) thÈ kpy managÈm•nt personnel for the year was £337.79312023: £248,415). There were no redur#lanry or termination paywts during the year. During the prwjr year the charty r￿tructUred ¢ertain operatiorn Including Th L¥ibure Box traolng tr&ilJry. I nese dianges resulted in the redundanGy of seven per￿r￿nt staff wth tolal reaurKlarry payments of £1.442. Furthemiore. tsvo wnernbers of staff left the chanty with totsl lennination pwiments of £14,834. 13 Tru8toè None of the trustees (Of any pe￿nS L￿nnected wrth them) recerrfed any reTr￿neration. or vther benems for tne year elided 30 June 2024 (2023.. £nil). During the year. trustees donatod É123.054 to Ihe group {2023'. £11￿,290}. Such aonations are made •ilhar perwnolty or thorough entibe5 cofFl[vl￿d by those vustees. iknal￿ns were typically made to lurther the obiecbves of parlKular programffes. Imver r￿ condib)ns were attached to any of the donatiQJl5. 14 Voluntsers The charty has volunteers grve thew tirrE freety &ross to supp(xt various adi¥iti•s to support delivery btdtr. In Ilne wm me Charitses bORP, rKI monetsry v&lJe B placed on the c£Jntribution of volunteers. During the year Ihe charity had n￿e vcAunt8@rs 16 Taxath>n The charity is exenw from tax on Inc￿ arwj 9ain5 falling wrthin Se￿"On 5D5 of the Taxes Act 1988 or aeGtion 2￿2 of Ilw TitKatson" of Gnargeatye (iains Act 1W2 to the extent that these are applred to its haritable objects. Thère is nn tAY li9￿1ty arisin9 in th• trading subsidiary.. BFCITC FacilitM)s {Errteiw15esl LIO. Clarets InThe Communlty iknttÈd-Annual RqJ¢vt and Flnarthl Ststem2nts 202>2024 26 CLAR￿5 IN THE COIAIIUNITY LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 16 Tangiblo ffixod assqts Group Motor mipwty and vehlcle# kItc￿Tr Outdoor ellmblry equlprn•nt •nd oth•r Total equipment Co At 1 July 2023 Adi1rtions Diswsals 980,802 14,405 4CK),457 31.184 147,691 855.474 54.333 2,305.471 31,184 175.309 10.500 11.709 At 30 June 2024 975,393 283 950 855,474 42 624 2.161,346 Depre¢iaDon At 1 Juty 2023 Charge for the year Di8poEals 84,488 20.148 11,151 976 10,500 324.611 48,726 140,805 307,CE5 77,691 48,802 3.273 11.7t19 776,117 150,813 169,374 At 30 June 2024 1,627 226 731 384 75S 40.366 N•t book value At 30 June 2024 871.317 2.278 57.219 470,718 2 258 1403 790 AI 30 June 2023 .314 3,254 75,846 548 409 5.531 1529,354 Chawlty only Tolal property and hl¢les ¢lknbitvJ equlpmont At 1 July 2023 Addttions Disposa15 268.051 254.995 31,184 111.971 13,169 536,215 31.184 119,885 7.914 At 30 June 2024 268,051 Daprnclatlon At 1 July 2023 Gharge ￿r Ihe year Eliminated in respect of disposals 21.832 2.950 208,845 9.534 1.884 240.211 31,496 111.33S 7.915 119,250 At 30 June 2024 24.782 124 172 152457 Net book value At 3U June 2024 243 269 295 057 At 30 June 2023 246.219 46.150 aarets In The Cornmunlty Llmltod-Annual ¥NI FIna￿l31 St*ements X>2>2024 27 LAREf3 THE COMPAUNrrY LIMrrED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 16 Tangibkn fixed assets Icontlnuod) Charges In respect of the Group, Within 'leasehold property and Ir￿rovements, and 'play, dimbing and other equipment, there are items charged as se(wnty in favour of Th F￿d>all Foundation and Swrt England on a pari passu bas￿. The tzrrying aTth)unt of suc* securrty at 30 June 2024 was £550,292 12023.. £567,551) in respect ol leaselK)kl woperty arKI wrwen*nts and £468.424 12023.. £545,980> in respact of play. dimbing and other equtprr￿I Custodian Trusleeshlp D16cIDsurv No assets were held as cusloowi tiustse during the reporting per￿. 17 Fixod a88et investments Group harfty only Z024 2023 2024 2023 Shares in group undertakings 862,5 1,012,500 1012 500 Sharo8 In gr(wp undertak1￿% Subsldlary ndortakin Total Co•t Al 1 July 2023 AI 30 June 2024 2.040.001 2.040,001 2 040 001 2 040 001 Impalmient At 1 July 2023 Charge for Ihe year Ai 30 June 2024 1,IY27,501 150.000 1177 501 1,027,501 1.40.000 1 177501 N•t book valu• Al 1 July 2023 At 30 June 2024 1.012.￿0 862,500 862.SCM) The subsidiary undertakiiry I￿1*1¥￿. io BFCITC Fa(JINles (EnH￿se$l Lto Icompany number 10951684). the principal Xtsvity of which is to operate and manaoe the Vthitehough Outdoor Centre and The Leisure Box COnK￿nty ￿lSUre centre both in the Borough of Pendl8. Sinc8 opaning in ￿ri1 2019. the Leisure Box has stru99led to achieve its ¢xKJinal financial targets due to the multiple Challenges brr￿ght atx)ut by COVID, hvJh energy costs, and cost of living pressures which have negatr￿lY impa￿ed ¢Jisposable Irwmes. However, the facilify continues to oDerate with a sustainable financBI model. it offers subslanlkal free usage to many partx?p2nts, and it provides an essential base for many ofthe charity's cwn projects. Pursuing proffts at thè expense of utslisat￿n would hinder the origin21. charitahlp. obi¥Jp4es of the facilty th• int•ntion to provide sub=idI￿d ￿lSUre I￿lI111e8 to those who nood them. The investrrErrt in BFCITC Fa(4lltles {Enterw￿) Ltd ts bwng [r￿1r8d over 10 years to nll value. to rewect that The Leisure Box is targets'ng a breakeven financ￿1 perfonnance rath8r than generating excess profits to feed back into the charrty As th, no additvjnal value is ¢UfrW allocated based upon exp&tstions of future profftabdty. Clarets InThe Commuth Limtted-Anftual RÈNwt and Fknartlal Slatements 202>2024 28 CLAREfs IN THE COMMUNITY LIMITED NOTES TQ THE GONSOLIDATED FINANCIAL STATEMEpirs FOR THE YEAR ENDED 30 JUNE 2024 17 Flxed ass•1 inve•lm•nts IContinu•d) BFCffC FacilitlÈs {Enteffpriseg) Ltd: Summary stat¢m￿ of Flnancial Aclivill• 2024 2023 Tumover Gost Of sales arnj adminislration costs Flnance charp5 Net yofiV(hJss) Amount grft aided to the clwiity Relan&J in subsbd 670,943 {857.488) 640,869 C169.983} 1245) {129.559) (186.5451 {186.545} (129.559) summary Stat•n*nt of Financlal AGlivitlo 2024 2023 Fixed assets Current asgets Currènt liabilitic Total net as6ets 1,108,733 147.559 19.7￿2 1.036,530 1,233,350 211,494 (221.769 1.223.075 Called up #hgrn e¥Jitg1 Profft * bss aCC(￿nt 2,1)40.001 1,003,471 1,036.530 2,040,001 (816,9261 1.223.075 The subsidiary made a loss in the year ended 30 June 2024, therefore no ptpfit has been paid by gift ad to the ¢harty 18 D•btorn Grnup 2024 2023 Chatity only 2024 2023 Amounts falllng duo wlthln on• yoar. Trade dcbto Prepayments arKI acuue(l In￿)r Due from group undertthngs Value added tsx Other debtors 20D,829 172,428 5.639 101,531 116,617 134.792 96.435 9,803 170,000 59.871 73,326 121.916 9.803 170.000 144.000 398.913 Amounts falllng due after mrn than on• Y￿r. Other dabtors 168.089 328.116 168 089 328116 Total debt 721149 670,286 727.029 aarets InThè Gjrnry￿nity Lhnlted-Annual Aèport and F￿a￿LI1 Statsffents 202>2024 29 CLARETS IN THE COMMUNTfY LIMrrED NOTES TO THE GONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 19 GrBdltors: amounts falkng du• wllhln on• y•ar Chaiity on 2024 2024 2023 2023 Trade creditor¥ Value a(Ided tsx Other taxes 2nd $￿ial securtty Pension ¢o#ts Accruals Deferr&l incon 91.529 18.156 40,104 7,403 89.2C6 650.638 897,036 93.433 11.702 42.772 6.651 21.947 495,024 671.529 38,532 53,130 4,408 42,772 6,651 13,641 451,074 571.676 40.104 7,403 78,839 608.833 773.711 21 20 Cr•dltOV8: onwunts falllng due after mgr• Group Charfty only 2024 2023 2024 2023 Deferred income 21 168 088 328.116 Group Charity only Balance at 1 July 2023 RÈlp.x2024 GLARETS IN THE CQAIMUNtrY LIMITED NOTES TO THE CONSOLIDATED FkYANCIAL STATEIAENTS FOR THE YEAR ENDED 30 JUNE 2024 23 Analysls of ¢harftable lund• For the year ended 30 June 2024: Group BalanGe at 1 Juty 2023 lrtumlng Rewurces Ro•ourco8 •xpandod Transfe Balance at 30 Jun• 2024 Unr•gtrleted lund# General funds Designale¢J funds 643.488 1,582,￿1 (1,269,036) (158,543) 798.270 643.488 1,582.361 1269.036)_ 798,270 R08tr1Gtod genernl fund Governance & operalions Food bank Health & fftness Champions Veterans Premier League K Promi•r Loaguo Incpires Premier League Primary Stsrs Schools mental wellbeing Emrjloyabilt Higher education partnership Gi￿3 Emerging Talent Centre Football & Sports Development Premier League Fans FurKI Nation81 Citr2en Serv STEM Tra(ling Fadlllles 83.322 (217.163) 215.484 {161,562} 127,470 {100,608) 108.a67 (83,b85) 88.6 (94.6251 230.7S8 (260.9771 117,980 (121.894) 310,028 (300.225) 228,309 (255.609) 56,583 {39,748) 418,gJ5 {434,981) 35,255 (32,725} 50.679 (51.6571 6.958 (3,YJ4) 77,316 (44,384) 53,272 (14.647) 25,196 ￿25,19￿6 2.234.756 2.243.478 133.841 25,231 14,SS1 79.153 8,325 22.734 (33,088) (1,948> 5,929 30,221 3,914 (1.494) 27.300 8,309 23,730 40,847 16,076 2,530 978 {2501 (7.8531 (15,Q831 3,114 25,079 23,542 63.512 213333 R¢8lfloted capltal fund• Trading fa(alities 12[￿.792 99,2281 1.107.564 Total lund• 3 611742 2 119 167 Cl)rets InThe Ct)mrnunlty LhYdted-Annual Rem and Flnandal StatsmÈAts 2023.2024 31 CLARETS IN THE coMMuNrrY LIMrrED NOTES TO THE CQN50UDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 23 Anaty8i8 of charltabl• funds (Contlnugd) For the year ended 30 June 2024: Company Balance al Incoming Resourcas Transf•Ys 1 July 2023 Re8ourc•8 •xpand Balanc• at 30 June 2024 Unrv6trieted lund• General funds Designated funds 63.1 1.1￿.155 (607.070) (361.037) 158,238 63,190 1,CI53.155 607.070 R•8lricted general fund• Govern2ncA k oiwaknns Foodbank Health & fftness Champions VetÉrans Premier League lfjcks Premier League Insw"res Premier League Primary Stars Schools mental Mlellbeing Employability H￿ner educatson pathership Girls Emerging T2￿ftt C@ntre Football & Sports Development Premi¢r LeAu¥ F&lf15 FurKI NaI￿la1 Citizen Seriice STEM 83,322 215,484 127.470 108,SS7 88.696 230,7 117.981 310.028 228.309 56.563 418,gJS 35,256 50,678 6,958 77.316 (al8,￿2￿) (161,962) {133,6%) (85.833} (98,e071 (291,02n {1?1 Al4) (301,719> {255,609) 139.746) (439.3981 (32,7251 (s4,￿3) {3.844) {52,237) 25.231 14,551 23J,203 79,153 8,325 22,734 9,971 60.271 3.914 8,309 23.730 27,31J) 40,547 20,493 2,530 3.885 3.114 25,079 2 420 776) . 361.037 213 333 R•8tricted eApltal funds Trading facilitiè* 1 576 513 Total fund• 1945 135 Clarets In The Commun￿¥ Lbmlted-knnul Rep)rt aThJ FlnarKkl Stateff*nts 202>2024 32 CLARETS W THE Comp￿1N1Ty LIMrrED NOTES TQ THE CQNSOUDATED FINANCIAL STATEIAENTS FOR THE YEAR ENDED 30 JUNE 2024 23 Analysi• of ¢harilable fund• (Contlnued) Unrestrb*d funds are available to be for any purF•)se of ￿ charity. Re8ti¥¢ted funds Restricted funds are those funds wtsre the incorrE received is restrKted to provrde specl programmes and actr¥tttes. with furthef deta'ls ol 8ach fijnd b8lt)W. Governance & op•rath)ns Central staffing and offre cffjsls alIc￿ted to reStrIrt￿ actrwitw. Fotsdbank A partnership wilh Bumley ToFther to deliver a for*lbank servKe wtLhin Ihe l(Kal LxMnrnunty. Heatth & fftn￿S A ian9e of WUyliawTirr￿5 itKludlng Th￿nTaI heallh, wwgni K)SS, ￿lkIng sports. over 50's groups, cancer rehabilitation and dements supporL hampions A youth custody inter¥ention partnershw with Larttxhire Pok* Twcwknng wilh young offanders. Velernn8 A r2ng@ ol programmK supporting am)gd fr*ces vctcrana. Preml•r League Kkks Developed by ttrt Premier League. a wogramtrE offering fvEe baseball, rtkrt (aimtM"ng, fr¥Jtb￿1, mulli- >iyvIts and neltsall sessK)ns for young people aged Pr18 years old. Prvmler League Insplres DeveloFed by the Premier Leaque. a Drograrrnne 8upporb.no 11-25 yèar olds who grp rn8r9inali¢•d or at nsk of not reaching their potential. Pr•ml•r League Prlmary StArn Dev•lop•d by the Premier Le¢9uc, a pro9rarrme to in¥ixre primary schcol GhikJi¢ii ljvth inside an outside the classroom, whilst underpinn￿￿ all elernetbts highqualty teathing materkils that cover English, Maths, PE and PSH& Schools mental wWIDoing A programme whereby a team of mentsl wellbeing thers are placed within secondary schools ￿rosS Burnley and Pendl8. to provKle an earty inteThrention to sttKlents who a￿ stnwling with mentsl hgalth lssu•t. Employablllty A range of programmes a1ft￿ at helping young people into work Ihrough the devek>prrent of essential skills. under*andlng the job markrt and supForbng tr1￿"r transit￿ into wor Hlgher educallon partnership A partnership wth hiohereducation Droviders to brtyy￿ th@ oap bP.1w￿.n orA¢SToDts and aead•my Èport The programme enabl@s partiupants to o)mbtne a¢adern￿ studies with practical sport experience. Glrf• Emeroino Tal•nt Centre Developed by the FA. a pr￿J￿drnff￿ to provide greater access￿11￿ to the player pathway and more induswty for female players to enh￿ce F4ayer devebpmenL F¢￿tball & Spor18 Dcv¢k>pment A range of pro3ramrrEs wor￿1￿79 partKiM'on across various sports mcl￿11ng football, rickel and nelWI. Including children's actyvty ¢￿p$ and walking sports. aèfets In The Communty Umit•d-Annual Rewt aWKI Fknanckl Statements 2023-2024 33 CLAREfs IN THE COMIIUNrrY LIAITED NOTES TO THE CONSOUDATED FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 JUNE 2024 23 Anatysls of charllabl• fund• (Goirtinu•d) Play•r Dovelow*nt Centso A prcorarnmè aimed at providing a pathNYay for player5 aged &16, for Ix)th tw$ ar•J gi￿3. DuTing the year this has been absorbed within Flxrtball & Spwts DevdoFKTPnt Pr•mier L•aguo Fa￿ Fund DeveloK)ed by the Premier L84uo. a fvnd to sUrV￿t fcthall clubs to strergthen connections with thelr fans and loeal communities. National Cllixen Servk¢ The National Citoen Servr£ (NCS) is a Fer$￿81 and sothl development program for 1￿17 year olds funded by the Ikjvemment to cre8tÈ 'a (Ywnty of rDnne(Xed. ¢onfvJent and caring Gitizens where everyone feels at ho￿. 3TEAI A aimed al elev*"ng chrfdren's educatKxi 1hro￿h Scieno. Technology. Engineering. and Mathematics (STEM). Tradlng Faeilili The ￿l￿ltehOUgh Outdoor Centre and The Leisure Box comnwjnty leisure facilty, in the Borough of Pendle. Clarets In The CommunltyUmlted-AnnuJl Re￿rt3￿j Fk4rKial stst*￿Ents 202>2024 CLAREfs IN THE eOMMUNrrY UMrrED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 23 Anaty818 of charltable funds (Contlnued) For th• y•ar •nd•d 30 June 2023: Group Balance at 1 Juty 2022 R•soure•# Balanc• at 30 June 2023 •xpanded UnrnstrfGted funqlB General funds Designated funds 656.887 1.334.232 (1.161,004) (186,627) 643,488 1.161.(X)4 186.827 Restrlet•d g•n•ral funds Governance & operatiDn5 Food bank Health & fitne Charnpions Veterans Premier League Premier League Inspires Premw League Prirnary Stsrs Schools mental weiibei Employability Higher education partnership Olds Em¢r9iiig Talviil C¥wiliv Player Development Centre Trading facilities {214,565} (1 $5.682) 188,102) 170,170) (82.939) (287.284) (92.087) {2e6,126) 1282,540) {19,672) {357,658) (18,118) (23.816> 214.565 180.913 134,279 73,862 65,633 287, 89,$67 270,052 278.652 43.402 354.640 33.1564 23.820 26,231 14,551 (31.626) {3,492) 17.308 (761 2,520 (3,926) 3.888 23,730 3,018 (15.546) (41 1887 014 2 010 129 186.627 63.512 Restrlcted capital fundA Trading fa¢ilitigS 1309 392 1206,792 Total funds 1913792 Clarets In The Cornmunity Urnlted-knnual Rem aThl Fin4rLial Stste￿￿[rtS 202>2024 35 CLAREf3 IN ThE COMMUNITY LIMftED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 JUNE 2024 23 Analy8ls of Gharllable funds Icontlnued) For the year ended 30 June 2023: Company Balance at Incoming Resources Trnn$fers 1 July 2022 R••oure •xpanded Balance at 30 Jun• 2023 Unro8trlct•d fvnds General funds Designated funds 1.052.762 840.019 (1.478.039) (351,5521 63,190 1052 782 1478,039 351.552 63.190 Restrlcted gen•ral fund• Govemanee & operations Foodbank Heaitn a ￿tr￿sS Chamrions Vetsrans Pi¥iiii¥i Ltague ￿Ck¥ Premier League Inspires Premier LÈague Primary Stars Schools rnental wellbeing Employabilty Higher educaiion partnership (297,920) {155,682) (1q9728) 170.9701 (87.014) 1316.491) {92,177) (267,431) [2U2,5411 (19.672) (358,317) 297,920 1￿,913 134.279 73.661 65,833 287,359 89.567 270,052 276,653 43,402 354.641 14,661 (2,691 } 21,381 29,132 2,610 (2,6211 3,888 23,730 3.676 Gids Emerging Talent Centre Player Development Gentre (18.118) 37.V23 (15,546) 23,820 Govemance & operations Re8tricted capttal fund8 Trading facilities 1576,513 Total fund8 2 675.663 3 628 092 1 703 21$ aarets In The Communlty Limlted-Annual Re￿rt a￿1 Flnarthl Statements 202>2024 CLAREfs IN ThE COMMUNrrY UlArrED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 24 Anaty8is of not assets brtwoon fvnds For thè year onded 30 Jun8 20X. Unrn8trkt•d Restricted R•Btrictod funds general pital funds Total Qrvup Fixed assets Net ￿rrent assets Credrtors.. amounis falliryj due after more than one year 296,226 1.107.564 1.403.790 883,466 {168.088) 381.421 {168.088) 798.270 213,333 2.119.167 Company Fixed assets Net current assets Credr(ors.' amounts klling due after more than one year {416.007) 574,245 1,573,564 1,157,557 955.666 (168,088) 381,421 (168,088) 158.238 213,333 1,945 135 For the y•ar ended 30 Jun• 2tr23: UnrBstrlcled fur4 Restrlct•d rAPit•l funds Total 9vneral funds Group Fixed assets Net current aeeets Creditors: amounts falliTrJ due after rTh)re than ￿e year 1,206,792 1,529,354 712,554 (328,116} 320.926 391,G28 (328,116} 843.488 63 512 1206 792 1913.702 Compny Fixed assets Net current assets Creditors.. amounts falliro due after more than ono year {268,OU9) 331,199 1.576.513 1.308.504 722,827 {328,118> 391.628 {328,116> $3,19) 1 576.513 1 703,215 25 Op•rntlng l•••• eommlim•nt¢ At the reporting date the group and chanty h&J (MJtsta￿ir￿j COMMth￿ fDr mininwm lease payiiuilb uri(lei [￿n￿an{￿lIable operaithg leases, Mi aue as lolknys: Grnup Ch•rty Onty 2024 2023 2023 thin one year Be￿een one and fve years In over five years 74.289 84,053 185.682 231.814 420.375 448.875 680 346 764 742 31,788 56.028 34,404 87 B16 122 220 Clarets In The Comrnurlty Lknirod -Annual and Fyancial state￿nts 2023-2024 37 CLAR￿5 IN THE COMMUNrrY LIMITED NOTES TO THE CONSOUDATED FINANGIAL STATEMEKTS FOR THE YEAR ENDED 30 JUNE 2024 26 Rdated party Iransacllon• The charity has taken the exernpt￿ tfftined within FRS 102 fcy disthsry tran6xtions with wholly 4vned subsidiaries as consolwjated fnanoal staten*Trts are wep•ed. The Bumkny F(M)tball & Athletk Company Llrntted fBFtr) Trustees S A Hunt, A G Pace and M R Imlliams have all been directors of BFC during th@ Feriod of these accounts. During the year. the grixjp r@cAived inmmè frc*n BFC totslling £197.081 (2023.. £?n1.472) Addi1￿311y, BFC prov￿￿ 9oDde *HI seThictt to the group t¢Xalling £155,006 (2023. £61,122). At June 2024 the an￿nt cp*ed to BFC was £Nil {2023: £3.509). Th• Sutton P•ndle Charftablè Trnst ('spcr Trustee R Sutton is a trustee of SPCT. DuriNJ Ihe year, SPCT provided seryices to ts Group totalling £57,903 (2023. £o6.150). At 3011 June 2024 the arrnunt ￿￿ed to SPCT was £26.42512023'. £22,123) N•l￿n & Colno Colleg¢ I'N&CC'I Trustee D L Rothwell 15 key Managen￿rt pewnnel at N&CC. During the year. the group receNed income from N&CC totalling £390,76412023: £364.972). Addtlionaltr¥. N&CC provided serV￿S to th@ group totalling £13.58012023. £11.3751. At 3C￿ Junè 2024 tho arr￿Int tywed from N&CC wa8 £36,109 {2023: £32.010). Burnley Borough Coun¢ll (BBC? Former trustee L Palel is key nynagement rersonnel al BBC and trnstee A Anwar ts the Leader of BBC. During the year. tho orrnip incomÈ from BBC totalling £134.326 (2023.. £114,925). Additionally, BBC provided services to the gr(￿P tolalling £1,245 {2023.' £429). At 31y June 2024 the arnoum ffrmn BBC was £10.OW (2023.. Nil). ALK Capltal LLC ('ALK) Trustees A G Pace aTrJ S A Hunt are key ffonagement personnel at ALIQ During the year, the group reecivcd in¢ome from ALK totalling £7,700 (2023. £13,750). At 301h Jun8 2024 the amount rywed from ALK was £Nil (2023: £Nil). 27. Prlor Year Restat•ment During the year, management ￿)ndU￿￿ a rewew of the ¢atsgonsatson of Inc%)n￿ and expenditure. Consequentty. certain income has been ￿anatysed betrween irwme from charitable *ivtties other trading income and other incorre. Furthern￿, c£rtain expendilure has teen reanatysed between eynditure on raising fvnds and expendibJre on thar[tab￿ activrties. Most synificantly. income and èxpondrturo from trading fa￿litIeS k? re-cetwsed a• Gharitable, sitwx il is FKiWfWfy PUfP03e raalng ana It aligns with the ¢harty's obje￿. These a¢Jusirnems Impact me group ￿late￿￿tt of Finar*cBI Activities for the year ended 30 June 2023 and consequently those figures have reststed within these ￿rtInts as detailed below. The changes have no effed on overall income LY expendrture, ovorall moveffent in funds, the ba18nce ghe•( or thè cashflrw etsterrenl Clartts InThe Communlty Llmithd-Annual Rep)rtaThl FlrkgrKlal StstÈn*nts 202>2024 38 CLAREfs IN THE COMMUNrrY UMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 27. Prior Year R••tatsment IContlnu•d) Restated ConEolidated Ststement of Financial Actsvitw for th• Year Eiid•d 30 June 2023 2023 2023 (as originalty $lalgdl ToLAi eomlng resources 708,003 708,003 Charitable xtsvtbes 2258,314 1,955,883 Other trading *ivits 239.498 429,¥29 Investments 637 637 14,794 63.794 Totsl 3221248 Resourcm •xpgnd•d Raising 279,U85 1,170,816 Chanlable activrtEs 2.994.645 2,102,917 Total 3,273,733 3 273 733 Not Incom• for th• year 52 Not mov•m•nt in fund8 Roconolllatlon •f fund•: Totsl funds bWht fOr￿drd Totsl funds c•rTl•d loThvard 1913792 1913 792 airets In The Communlty Lknlled-AMual Rewrt and Fi￿[￿1￿1 *atements 202>2024 CLARETS IN ThE CO•JMUNrrY LIMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 28 Controlllng party The charity is under the control of the trustees as noted in the trustees, report. 29 Anatysis of nel detA The charity W no debt duriT¥J Ihe year. 3Q Ca•h g•n•ratsd from ¢werntion8 2023 Sury)lus for the year 205.375 (52.487) Adjustments for Interest receNed Interest paKI Depreciabon of tangible f￿ed assets Profit ￿ di3p03al of tsngibk fiAtrJ (1.987) 11,197 150.813 4.267 (838) 9,148 165,074 18.19Y) Movements in ThxYkirvJ captsl.. Decrea$8 1 (inc￿3s@) in d9.￿￿8 (Decrease) l in¢r•ase in credil¢xs {50.863) 65,480 (13.750) 35.108 Cash generated from OP•Mlion• 384 282 Clarèts In The Comnyjnity Umlted-Annual Report arnl Flnanclal Statements 202>2024