2021-03-31-accounts - Groundwork Five Counties

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Mission
Chair's Statement
Defined Benefits Pension Scheme
Review ofthe Year
2020/21 Plan			13
Financial Report			15
Structure, Governance	and Management		19
Composition ofthe Board			24
Auditors Report			26
Statement of Financial	Activities		30
Balance Sheet			32
Statement of Cash Flows			34
Notes to the Financial	Statement		35
Additional Disclosures	Required	by Funders	54

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Note	Fundsf	Fulldsf	2021 8	Funds	Funds	2020
Income snd endowments
Donations and legacies				29,375	29,375	1,500		1,500
Chanlable Activities	- People			3,075,205	3,075,205	11,061	4,105,054	4,116,115
Charitable Acbvities	- Places			135,308	135,308		151,931	151,931
Other trading activities			1,546		1,546	5,972		5,972
investment Income			2,200		2,200	2,487		2,487
TOTAL			3,746	3,239,888	3,243,634	21,020	4,256,985	4,278,005
Expenditure on:
Raising funds				54,098	54,098		79,582	79,582
Charilable Activities	- People			3,016,421	3,016,421		4,027,551	4,027,551
Charilable Activilies	- Places			117,157	117,157		193,389	193,389
TOTAL				3,187,676	3,187,676		4,300,522	4,300,522
NET INCOME I(EXPENDITURE)			3,746	52,212	55,958	21,020	(43,537)	(22,517)
Transfers between	funds		(45,756)	45,756		(24,371)	24,371
TOTAL BEFORE OTHER
RECOGNISED	GAINS I (LOSSES)		(42,010)	97,968	55,958	(3,351)	(19,166)	(22,517)

			GREATE	R NOTTINGHAM GROUNDWORK TRUST	R NOTTINGHAM GROUNDWORK TRUST	R NOTTINGHAM GROUNDWORK TRUST	LIMITED
				STATEMENT OF FINANCIAL ACTIVITIES
			INCLUDING	SUMMARY	INCOME AND EXPENDITURE		ACCOUNT
				FOR THE YEAR ENDED 31 MARCH 2021
			Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
			Note	Funds	Funds	2021	Funds	Fuli de	2020
TOTAL BEFORE OTHER
RECOGNISED		GAINS I(LOSSES)		(42,010)	97,968	55,958	(3,351)	(19,166)	(22,517)
Other recognised		gains/(losses):
Actuarial Gains	and Losses in
Defined Benefit		Pension Scheme			(285,000)	(285,000)		110,000	110,000
NET MOVEMENT		IN FUNDS		(42,010)	(187,032)	(229,042)	(3,351)	90,834	87,483
Reconciliation	of	funds:
Fund balances	brought forward			521,848	(703,540)	(181,692)	525,199	(794,374)	(269,175)
Fund balances	canied forward			479,838	(890,572)	(410,734)	521,848	(703,540)	(181,692)

						2021		2020
			Note		E	E	E	E
FIXEDASSETS
Tangible Assets				14		12,585		17,821
CURRENT ASSETS
Debtors				15	292,047		492,563
Cash at Bank and in Hand					690,236		855,571
					982,283		1,348,134
CREDITORS: Amounts falling due
within one year				16	(296,602)		(742,642)
NET CURRENT ASSETS						685,681		605,492
PROVISIONS: For liabilities
and charges				17				(4,005)
NET ASSETS EXCLUDING
PENSION SCHEME LIABILITIES						698,266		619,308
Defined benefit pension scheme		liability		11		(1,109,000)		(801,000)
NET ASSETS INCLUDING
PENSION SCHEME LIABILITIES				19		(410,734)		(181,692)
FUNDS
Unrestricted Funds —general					472,156		514,167
Unrestricted Funds —designated					7,682		7,682
Total Unrestricted Funds				19		479,838		521,848
Restdcted Funds excluding	pension		liability		218,428		97,460
Pension Reserve					(1,109,000)		(801,000)
Total Restricted Funds						(890,572)		(703,540)
TOTAL FUNDS				19		(410,734)		(181,692)

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Note	Funds	Fundsf	2021 2	Funds	Funds	2020 2
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by I
(used in) operagng activities		22	(92,492)	(73,249)	(165,741)	5rt62	26,815	32,277
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interest and
rents from investments			2,200		2,200	2,487		2,487
Purchase ofpropeny,
plant and equipment			(1,794)		(1,794)	(16,000)		(18,000)
Net cash provided by I
(used In) investing activities			406		406	(15,513)		(15,513)
Increase I(decrease) in cash
and cash equivalents	In the year		(92,086)	(73,249)	(165,335)	(10,051)	26,815	(16,764)
Cash and cash
equivalents al the 1"April 2020			599,944	255.627	855,571	609,995	228,812	838,807
Cash and cash equivalents
atthe 31n March 2021		23	507,858	182,378	690,236	599,944	255,627	855,571

residual value) in equal an	nual instalme	nts over	their usef
Computer Equipment	33.3'/o	Straight	line basis
Fixtures and Fittings	20'%%d	Straight	line basis
Motor Vehicles	20'/o	Straight	line basis

	Unrestricted
	Funds	Total	Total
	2021f	2021 E	2020 8
Interest received	2,200	2,200	2,487
	2,200	2,200	2,487
Total 2020	2,487	2,487

Income from charitable sources:-	activities can be ana	lysed as being	received from	the following
	Unrestricted	Restricted
	Funds	Funds	Total	Total
	2021	2021	2021	2020
	E	E	E	E
Local Government		283,981	283,981	274,300
National Lottery		2,326,101	2,326,101	2,815,679
Other Public Sector		429,789	429,789	1,003,083
Voluntary Sector				57,233
Private Sector		158,475	158,475	88,961
Landfill Tax
Other income		12,167	12,167	28,790
		3,210,513	3,210,513	4,268,046
Total 2020	11,061	4,256,985	4,268,046

Costs ofrai	sing funds	can be analys	ed into the following act	ivities:-
			Restricted
			Funds	Total	Total
			2021f	2021f	2020f
Generating	voluntary	income	54,098	54,098	79,582
			54,098	54,098	79,582
Total 2020			79,582	79,582

NET RE	SOURCES EXPE	NDED BEF	ORETRANSFERS
				2021 f	2020 f
Net outgoing resources before transfers			is after charging:
Depreciation ofowned assets				7,030	8,544
Auditors'	remuneration			6,450	6,050
Operating	lease payments	-Leasehold	property	51,076	36,297
Directors'	expenses				366

						Costs of
						Generating			Support		Total	Total
						Funds	People	Places	Costs	Governance	2021	2020
						E	E	E	E	E	E	F.
Costs directly atocaled				to activities
Salaries						45,774	849,121	84.810	82.393	32,042	1,094,140	1,161,597
Works and Incidental			costs				1,925.076	842			1,925,918	2,938,311
Travd and motor expenses								7,364			7,364	13,127
Professional		Fees							9,115	6,450	15.565	20,072
Bad debts provided			for									4,005
Other direct		costs							2,509		2.509
Other costs		atocated to		eelwibes
Ogice costs						1,182	34,398	3.429	2,126	828	41,963	49.986
Insurance						392	11,408	1,137	706	274	13,917	12,901
Depreciation						198	5.764	574	356	139	7,031	8,544
Pnnling postage snd stationery						60	1,764	176	110	42	2,152	2,561
Information		technobgy				633	18.406	1,833	1,139	443	22,454	23,219
Recruitment						22	641	64	40	15	782	810
Training						21	622	62	39	15	759	3,567
Travel						2	67	7	4	2	82	2,240
Bank charges and other				linance income		558	16,244	1,619	I,004	391	19.816	21,959
Equipment	rental					20	593	59	38	14	724	712
Groundwork		UK Membership			Fee	254	7,377	735	457	177	9,000	6,700
Irrecoverable		VAT on overheads				358	'I0,413	1,038	644	250	12,703	18,304
Sundry expenses						305	8.850	883	547	212	10,797	11,907
						49,779	2,890,744	104,632	101.227	41,294	3,187,676	4,300,522
Agocalion ofgovernance				costs		1,251	36,414	3,629		-41,294
Atocalion ofsupport			costs			3.068	89,263	8,896	-101,227
						54,098	3,016.421	117,157			3,187,676	4,300,522

EMPLOYMENT COSTS
	2021 f	2020 f
Salaries	956,244	999,760
Social Security costs	76,082	80,031
Pension costs	61,814	81,806
	1,094,140	1,161,597

		2021	2020
People		28	28
Places		5	5
Generating	funds	1	1
Support and	governance	7	8
		41	42

Present value offunded	obligations
Fair value ofscheme assets
Net liability

			2021	2020
Service	cost		(21,000)	(32,000)
Net interest on the defined liability (asset)			(19,000)	(21,000)
			(40,000)	(53,000)
Actual return on scheme assets			235,000	111,000
Movements in the present value ofthe defined		benefit obligation	were as follows:
			2021	2020
			E	8
Opening	defined benefit obligation		1,902,000	2,088,000
Current	service cost		21,000	24,000
Interest	cost		44,000	50,000
Contributions by scheme participants			4,000	4,000
Change	in financial assumptions		541,000	(202,000)
Change	in demographic assumptions		(20,000)	(21,000)
Experience loss I(gain) on defined benefit obligation			(26,000)	(35,000)
Benefits	paid		(69,000)	(14,000)
Past service costs, including curtailments				8,000
Closing	defined benefit obligation		2,397,000	1,902,000
Changes	in the fair value ofscheme assets were as follows:
			2021	2020
			F	6
Opening	fair value ofscheme assets		1,101,000	1,215,000
Interest	on assets		25,000	29,000
Return on assets less interest			210,000	(140,000)
Other actuarial gains (losses)				(8)
Contributions by employer			17,000	15,000
Contributions by scheme participants			4,000	4,000
Benefits	paid		(69,000)	(14,000)
Closing	fair value ofscheme assets		1,288,000	1,101,000

The major ca follows:	tegories of scheme assets as a	percentage oftotal scheme asse	ts are a
		2021	2020
Equities		64'/o	64'/o
Gilts		4'/o	3'/o
Other bonds		7'/o	9'/o
Property		11 '/o	13'/o
Cash		5'/o	2'/o
Inflation-linked	pool fund	4'/o	4'/o
Infrastructure		5'/o	5'/o
Total		100'/o	100'/o

Pdncipal actuarial assumptions at the Balan averages):	ce Sheet date (expressed as	weighted
	2021	2020
Discount rate	2.00'/o	2.35'/o
Future salary increases	3.85'/o	2.90'/o
Future pension increases	2 85o/	1 90'/o
RPI increases	3.20'/o	2.70'lo
CPI increases	2.85'/o	1 90'/o

in mortality rates. The assumed life expectati	ons on retirement age 65are:
	2021	2020
Retiring today
Males	21.6	21.8
Females	24.3	24.4
Retiring in 20 years
Males	22.9	23.2
Females	25.7	25.8

FIXEDASSETS
		Office
		fixtures
	Computer	and	Motor
	equipmentf	fittingsf	vehiclesf	Totalf
COST
At 1 April 2020	50,760	13,919	18,000	82,679
Additions	1,794			1,794
Disposals
At 31 March 2021	52,554	13,919	18,000	84,173
DEPRECIATION
At 31 March 2020	49,099	12,892	2,867	64,858
Charge for the year	1,518	712	4,800	7,030
Elimination on disposal
At 31 March 2021	50,617	13,604	7,667	71,888
NET BOOK VALUE
At 31 March 2021	1,937	315	10,333	12,585
At 1 April 2020	1,661	1,027	15,133	17,821

15.	DEBTORS
							2021	2020
							E
	Trade debtors						171,835	405,794
	Amounts owed	by Groundwork			UK		20,647
	and other	Groundwork		Trusts				37,836
	Accrued income						73,111	23,820
	Prepayments						26,455	24,765
	Other debtors							348
							292,047	492,563
16.	CREDITORS:	Amounts	falling due within one year
							2021	2020
							8	E
	Trade creditors						56,901	95,347
	Other taxes and	social security					26,548	47,366
	Grants received	in advance		and	deferred	grants	170,700	555,282
	Other creditors						30,801	32,353
	Accruals						11,652	12,294
							296,602	742,642

			Provision for	Provision for	Provision for	Total
			Bad Debt	Redundancy	f	Provisions E
At 1 April	2020		4,005			4,005
Provided	for during	the year
Utilised during the		year	(4,005)			(4,005)
Unutilised	provisions
	released	during the year
At 31 March 2021

			Land	&	Buildings	Other	Other
			2021 E		2020 f	2021 f	2020
Under 1 year			24,919		25,843	684	684
Expiring between	2	and 5years	21,036		35,060	2,394	3,078
Over 5years
			45,955		60,903	3,078	3,762
ANALYSIS OF ASSETS AND			LIABILITIES BETWEEN FUNDS
CURRENT YEAR
			Restricted	Unrestricted		Total	Total
			Funds		Funds	2021	2020
			8		8	8	8
Tangible Assets					12,585	12,585	17,821
Current Assets excluding
bank and cash		in hand	183,248		108,799	292,047	492,563
Cash at bank and	in hand		182,378		507,858	690,236	855,571
Creditors: amounts		falling
due within one		year	(147,198)		(149,404)	(296,602)	(742,642)
Provisions for
liabilities and	charges						(4,005)
Defined benefit pension
scheme liability			(1,109,000)		-	(1,109,000)	(801,000)
			(890,572)		479,838	(410,734)	(181,692)

			Restricted	Unrestricted	Total	Total
			Funds	Funds	2020	2019
			6	6	6	6
Tangible Assets				17,821	17,821	8,365
Current Assets excluding
bank and cash		in hand	370,703	121,860	492,563	236,451
Cash at bank and	in hand		257,370	598,201	855,571	838,807
Creditors: amounts		falling
due within one		year	(530,613)	(212,029)	(742,642)	(478,786)
Provisions for
liabilities and	charges			(4,005)	(4,005)	(1,012)
Defined benefit pension
scheme liability			(801,000)		(801,000)	(873,000)
			(703,540)	521,848	(181,692)	(269,175)

				Net	Transfers	Actuarial
			Balance 1.4.2020 f	resources (~dd) f	between 1 d f	gains and ~) f	Balance 31.3.2021 f
Restricted funds
excluding	pension	liability	97,460	75,212	45,756		218,428
Pension reserve			(801,000)	(23,000)	-	(285,000)
(1,109,000)
Unrestricted	funds		521,848	3,744	(45,756)	-	479,838
			(181,692)	55,956		(285,000)	(410,734)

					Net	Transfers	Actuarial
				Balance resources 1.4.2010(~dd) f		between 1 d F	gains and losses f	Balance 31.3.2020 f
Restricted	funds
excluding		pension	liability	78,626	(5,537)	24,371		97,460
Pension reserve				(873,000)	(38,000)		110,000	(801,000)
Unrestricted		funds		525,199	21,020	(24,371)		521,848
				(269,175)	(22,517)		110,000	(181,692)

22	RECONCILIATION OF	NET MOVEME	NT IN	FUNDS TO NET	CA	SH FLOW FRO	M OPERATING	ACTIVITIES
				Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
				Funds		Funds	2021	Funds	Funds	2020
						6	5			8
Net	movement In funds for the reporting		period	(42,010)		(187,032)	(229,042)	(3,351)	90,834	87r483
Adjustments for:
	Depreciation charges			7,031			7,031	8,544		8,544
	Non-cash Pension charges					308,000	308,000		(72,000)	(72,000)
	Dividends, interest and
	rents from investments			(2,200)			(2,200)	(2,487)		(2,487)
	(Increase) / decrease	in debtors		9,192		191,324	200,516	(43,319)	(212,793)	(256,112)
	Increase / (decrease)	in cmditors		(60,500)		(385,541)	(446,041)	43,082	220,774	263,856
	Increase / (decrease)	in provisions		(4,005)			(4,005)	2,993		2,993
Net	cash provided by I				'
	(used In) operating	acSivities		(92,492)		(73,249)	(165,741)	5,462	26,815	32277
23	ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand				507,858		182,378	690,236	599,944	255,627	855,571
Total cash and cash equivalents				507,858		182,378	690,236	599,944	255,627	855,571

The grants s	ho	wn bel	ow are require	d by the donor t	o be in	dividually	disclo	sed.
				Cash Held/					Cash	Held/
				(Due) at		Cash			(Due) at
				1 April	Received/			Cash	31	March
				2020	~R1	d	~0*	d d		2021
				6				6		6
NATIONAL	LOTTERY
The National		Lottery	Community	Funds
Grant from Talent Match
Talent Match	(Young		&Successful)	106,503			(106,503)
				106,503			(106,503)
Grant from	Building		Better Opportunities
D2N2/1/3 —Towards			Work
People		First —Programme		64,062	2,205,026		(2,193,020)		76,068
				64,062	2,205,026		(2,193,020)		76,068
Grant from	Building		Connections
(Re)Generation		Factory		(1,404)		27,983	(26,579)
				(1,404)		27,983	(26,579)

				Cash Held/				Cash Held/
				(Due) at		Cash		(Due) at
				1 April 2020	Receivedl ~Rt d		Cash ~dd d	31 March 2021
				E			p
NOTTINGHAM	CITY		COUNCIL
Area Based Grant				63,998	209,739		(214,074)	59,663
Youth Employment		Initiative		(2,178)	333,408		(326,134)	(5,096)
				61,820	543,147		(540,208)	54,567
OTHER FUNDING
The Youth Endowment			Fund	31,973		17,997	(49,970)
				31,973		17,997	(49,970)