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#
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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|
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||||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|
##
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##
##
##
##
|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)||