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2022-12-31-accounts

NOTTS COUNTY FC COMMUNITY PROGRAMME TRADING AS NOTTS COUNTY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Company Registration No. 04320737 (England and Wales) Charity No: 1091927

NOTTS COUNTY FC COMMUNITY PROGRAMME ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CONTENTS

Charity Reference and Administrative Details 1
Trustees Annual Report (Including Directors' Report and Strategic Report) 2 - 7
Independent Auditor's Report 8 - 10
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Financial Statements 14 - 20

NOTTS COUNTY FC COMMUNITY PROGRAMME

CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022

Charity registration number 1091927 Company registration number 04320737 Trustees Mrs Dianne Jackson Chair Mr Colin Slater MBE (Resigned 10 January 2022) Ms Anne Rippon Mr Thomas Walters Ms Michelle North Mr Ian Roberts Dr Andrew Pringle Mrs Juliet Bertie Mr Raj Randhawa (Appointed 4 January 2022) Mrs Meena Hanspal (Appointed 7 March 2022) Mr Jordan Worthington (Appointed 7 March 2022) Mr Sam Sharp (Appointed 16 May 2022)

Chief executive officers Mrs Emma Trent Mr Sam Crawford Registered office Meadow Lane Stadium Nottingham Nottinghamshire NG2 3HJ

Auditor Wright Vigar Limited Chartered Accountants Alexandra House 43 Alexandra Street Nottingham NG5 1AY Bankers Barclays Bank Plc Tudor Square West Bridgford Nottingham

Page 1

NOTTS COUNTY FC COMMUNITY PROGRAMME

TRUSTEES ANNUAL REPORT (INCLUDING DIRECTORS REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and audited financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Trustees of the charity

The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end were as follows:

Mrs Dianne Jackson Chair of Trustees

Mr Colin Slater MBE (Resigned 10 January 2022) Ms Anne Rippon Mr Thomas Walters Ms Michelle North Mr Ian Roberts Dr Andrew Pringle Mrs Juliet Bertie Mr Raj Randhawa (Appointed 4 January 2022) Mrs Meena Hanspal (Appointed 7 March 2022) Mr Sam Sharp (Appointed 16 May 2022) Mr Jordan Worthington (Appointed 7 March 2022

Objectives and activities for the public benefit

Formed in 1989, Notts County FC Community Programme, now trading as Notts County Foundation (NCF) is a local community charity, which delivers a range of innovative programmes which are focused on using the power of physical activity to improve the health and wellbeing of some of the most disadvantaged, marginalised and vulnerable people across Nottingham and Nottinghamshire.

The objects for which the charity is established are:-

to improve the fitness and assist in the education of both adults and children, especially in Nottinghamshire and surrounding areas, through the use of the game of football (including its history and rules) and other educational, sporting and physical activities. Also through the use of the good name of Notts County Football Club, the World's oldest professional football club, to provide such facilities as are necessary to further those objects.

In furtherance to the above objects, our mission is to use the power of physical activity to transform the health and wellbeing of local communities.

Now trading under the name of Notts County Foundation we have been delivering a range of innovative programmes that transform the lives of people in Nottingham since 1989.

NCF has a proven track record of delivering a comprehensive range of high quality projects across five different program areas:Sports & Inclusion, Health, NCS and Education. We also manage and operate the Portland Centre in the Meadows which is our community hub and we deliver a variety of charitable projects from this site.

Page 2

NOTTS COUNTY FC COMMUNITY PROGRAMME

TRUSTEES ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2022

Objectives and activities for the public benefit (continued)

Notts County Foundation has a strong and diverse staff team, as well as a pool of volunteers who help deliver our work. We are fully embedded within our local community having been operating within the area for the past 30 years. We deliver full time, across the year and our work focuses in on the following departments:

Sport & Inclusion: positively engaging diverse audiences within our local community and working with them to create transformative new opportunities which use the power of physical activity and Notts County FC to improve lives.

Health: delivering innovative Physical and Mental health projects which transform the health and wellbeing of local communities.

Education: supporting and empowering young people at risk of exclusion from mainstream education through our alternative provision.

Portland Centre : our Community Hub offering a wide range of sporting facilities including a sports hall, squash courts, gym, a therapeutic wellbeing space and a traditional swimming pool.

During the reporting year, our Sport and Inclusion work included:

PL KICKS project: Premier League Charitable Fund financed positive activities for young people.

PL Primary Starts project: PLCF funded a primary school engagement project.

Move and Learn project: EFL funded primary school engagement.

Refugee and Asylum Seeker support: project funded by the National League Trust.

Our Health work included:

CARE project: cancer rehabilitation project for people living with cancer.

Fit Magpies project: EFL funded Fit Fans in Training weight management project.

Right Mind project: mental health support through physical activity for females.

Primary Goals project: mental health support for primary school pupils.

On the ball project: Right Mind project: mental health support via physical activity for males.

Healthy Hearts: physical exercise sessions to participants who may be affected by a low-risk heart disease diagnosis.

Goals for Life: Supportive interventions to improve the wellbeing of young people aged 11-18 years old.

Our NCS work involved:

Supporting around 200+ young people through the UK government backed National Citizen Service programme.

Our Education work included delivering:

Heading for Goal (HFG) project: our alternative education provision for young people at risk of exclusion.

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NOTTS COUNTY FC COMMUNITY PROGRAMME

TRUSTEES ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2022

Objectives and activities for the public benefit (continued)

We operate and manage the Portland Centre in the heart of the Meadows, an inner-city area of Nottingham. Transferred as a community asset and located in a historically deprived area of the city, it is an integral part of the community which encourages local people to become active and positively engaged. We have over 600 members using our gym, plus another 700+ local children using our swimming school each week. The Portland centre has a large multi-use sports hall, 2 squash courts, cardio gym, studio, 2 weights rooms, and 33 yard swimming pool. You can find out more about our work here:

https://www.nottscountyfoundation.org.uk/ https://www.theportlandcentre.co.uk/

In setting our objectives and planning our activities our trustees have given careful regard to the Charity Commission’s general guidance on public benefit.

Fund-raising Standards Information

In accordance with the Charities (Protection and Social Investment) Act 2016 (Charities Act 2016) we have a fundraising strategy in place which recognises and takes account of risks, our values and our relationship with donors and the wider public, as well as our income needs and expectations. All fundraising is carried out in house with delegated authority to the fundraising team who have job descriptions and are overseen by the SLT and reviewed at quarterly board meetings. All fundraising is logged and monitored and used in accordance with the Trust’s objectives. Our fundraising approach is detailed in the strategy and includes partners. We are not aware of any failure by the charity or by any persons acting on our behalf to comply with fundraising standards and all fundraising activities of any person acting on our behalf is monitored through regular contact, financial recording and relationship meetings. There have to our knowledge been no complaints received by the charity or by a person acting on its behalf. We do not engage in any fundraising activity that intrudes a person’s privacy, is unreasonably persistent or puts undue pressure on a person to give money. Our fundraising strategy does not include any public cash collections or telephony.

Strategic Report

Strategic update

2022 was a year which was certainly less dominated by Covid 19 than the previous 2 years which gave us the opportunity to focus more and more on what you might consider to be more conventional face to face delivery. We discovered though, that the remote approach was, in fact, an effective method for some participants, for example our CARE participants really appreciate the digital content we produce which enhances the in person delivery.

Whereas Covid-19 was less of a challenge 2022 certainly brought its own difficulties for for us to offset, most prominently the energy crisis which meant that our utility spend at Portland far exceeded budgeted amounts. During the course of the year we spent over £48,000 more on electricity than we had budgeted for as costs spiralled. This presented a major challenge to us as we sought to offset this but, just as we did when Covid-19 struck we adapted very effectively and managed to largely achieve the objective. The challenge of offsetting the increased costs associated with Portland did enable us to develop a greater clarity on what our strategic objectives are for the facility and what our red lines were. It reminded us that it is first and foremost a community facility which must be accessible to local people from low income families and whereas the temptation might be to increase prices in order to offset the increased costs, to do so would be to risk the facility being inaccessible for our target audience.

This process was a very helpful one for us as a charity more broadly as it helped us to re-clarify who we are, who it is that we are looking to engage and what impact we are seeking to bring about. We have taken this learning into our strategic review process and this has enabled us to really ensure that we are putting our resources where they are going to bring about the most impact.

Key Achievements and Performance

As a charity we have been keen to not lose the learning and insight we gained from the Covid-19 dominated years as we go about refreshing how we deliver on our mission. The way in which we have been so successful at engaging participants on our programs over the course of 2022 is suggestive of us having achieved this. Many of our programs have been enhanced as a result of the learning from 2020 and 2021 and in many ways we are in stronger place. The most pertinent developments have been our absolute commitment to put our values at the centre of everything we do, to authentically commit to co-producing projects with local communities and our dedication to collaboration with other local stakeholders and providers.

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NOTTS COUNTY FC COMMUNITY PROGRAMME

TRUSTEES ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2022

Key Achievements and Performance (continued)

In terms of the most significant project based achievements, our successful delivery of the summer NCS program to over 200 local young people ranks highly. We are incredibly proud of how our team managed to turn this round with such minimal lead in time and the feedback from participants was incredibly positive and a tribute to the teams work.

Another major achievement is the way in which we have managed to increase Portland utilisation during the course of the year. We ended the year with more gym and swim members than we had prior to Covid which is an incredible achievement and is tribute to the work we have been doing in engaging the local community. We are also really proud of the partnership we have generated with Mencap who began operating their day service for local adults with learning disabilities from the centre in August 2022.

Having Mencap learners in the facility has been an absolute pleasure and their presence there has really helped us consolidate our intention to position the centre as a Community Hub rather than a Leisure Centre.

Overall it has been a very encouraging year in which we found out more about ourselves, developed a better understanding of our participants and increased our understanding of our local communities.

Key Challenges:

One of the most significant challenges during the course of the year was the emergence of the energy crisis and the impact that this had on the cost of operating our projects. At our Portland Centre, over the course of the year we had to spend in the region of £48,000 more on electricity compared to pre-Covid levels of expenditure which was clearly a major increase to offset. In facing this challenge we had to remain strong to our core mission and values and ensure that our projects and services remained accessible to people from a wide range of communities. Whereas the temptation might have been to look to increase prices so as to help offset the increased costs, to do so would have risked us becoming increasingly disconnected from people from low income households which was not a tolerable outcome for us as a charity which is fundamentally concerned with ensuring good engagement with these local communities. The recent experience of having to pivot and flex in the light of the Covid-19 lockdowns, we know we are able to adapt to challenges like this without drifting from our core mission and we sought to do the same in the light of the energy crisis. We looked to hold our baseline expenditure as steady as we could whilst also looking to grow our gross income through increased utilization of the facility and by establishing partnerships with local providers who might hire space from us for their activity. This process was largely successful as we ended the year with a relatively small deficit. This task of balancing off commercial and community objectives is a constant challenge for any charity operating facilities in an environment of spiraling costs and we know that it is a challenge which we will be faced with for some time to come. We will continue to face this challenge with the same conviction and commitment to our values as we have done and are encouraged by our track record of adapting to a volatile external environment.

Financial Review

As identified above the year presented us with an all too familiar challenge to offset when it comes to finances but we are happy to have largely succeeded in this task finishing the year with a relatively small deficit of £48,605 at year end.

Reserves policy

The trustees have adopted a policy of aiming to hold reserves equivalent to three months of operating expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities whilst consideration is also given to ways in which additional funds can be raised, or failing that, costs can be reduced.

Plans for future periods

As we look to the future we are very excited about the potential for growth and the further development of our offer to local communities. We are committed to ensuring that we work with local communities more as we go about designing, delivering and evaluating projects which help improve their health and wellbeing.

Page 5

NOTTS COUNTY FC COMMUNITY PROGRAMME

TRUSTEES ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management

Governing Document

Notts County FC Community Programme is a company registered in England and Wales limited by guarantee governed by its Memorandum and Articles of Association dated 1 November 2001. It is registered as a charity with the Charity Commission.

Appointment of trustees

As set out in the Articles of Association, new trustees are appointed by the existing trustees and serve for three years after which they may put themselves forward for re-appointment. The Articles provides for a minimum of three trustees but shall not be subject to any maximum, with one third of the trustees due to retire in any one year.

No person other than a trustee retiring by rotation shall be appointed or reappointed as a trustee at any general meeting unless they are recommended by the trustees or proposed by a member qualified to vote at the meeting.

Trustees induction and training

Related parties and co-operation with other organisations

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with related parties must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party.

Pay policy for senior staff

The directors consider the board of directors, who are the Trust’s trustees, and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the Trust on a day to day basis. All directors give of their time freely and no director received remuneration in the year. Details of directors’ expenses and related party transactions are disclosed in the accounts.

The pay of the senior staff is reviewed annually and normally increases in accordance with average earnings. In view of the nature of the charity, the directors benchmark against pay levels in other community schemes of a similar size. If recruitment has proven difficult in the recent past a market addition is also paid with the pay maximum no greater than the highest benchmarked salary for a comparable role.

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NOTTS COUNTY FC COMMUNITY PROGRAMME

TRUSTEES ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management (continued)

Risk Management

The trustees have a risk management strategy which comprises:

This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank, and active management of trade debtors and creditors balances to ensure sufficient working capital is held by the Trust.

Attention has also been focused on non-financial risks arising from fire, health and safety of staff and participants. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular awareness training for staff working in these operational areas. We will ensure appropriate and sufficient insurances are in place.

Trustees' responsibilities

The trustees (who are also directors of Notts County FC Community Programme for the purposes of company law) are responsible for preparing the Trustees' Annual Report including the Strategic Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

This report was approved by the board of trustees on 25/09/23 and signed on its behalf by:

Mrs Dianne Jackson Chair

Page 7

NOTTS COUNTY FC COMMUNITY PROGRAMME

INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

We have audited the financial statements of Notts County FC Community Programme for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that individually, or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibility and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report.

Page 8

NOTTS COUNTY FC COMMUNITY PROGRAMME

INDEPENDENT AUDITOR'S REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2022

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the

directors of the charitable company for the purpose of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustee either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Page 9

NOTTS COUNTY FC COMMUNITY PROGRAMME

INDEPENDENT AUDITOR'S REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2022

Auditor's responsibilities for the audit of the financial statements (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Steven Newman LLB BFP FCA (Senior Statutory Auditor) For and on behalf of Wright Vigar Limited Chartered Accountants and Statutory Auditor Alexandra House 43 Alexandra Street Nottingham NG5 1AY

25 September 2023

Page 10

NOTTS COUNTY FC COMMUNITY PROGRAMME

STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
2
Charitable activities
3
Other trading activities - Portland LC
4
- Fundraising
Investments
5
Other incoming resources
6
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON:
Raising funds - Portland LC
7
- Fundraising
Charitable activities
8
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Transfer between funds
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD
Unrestricted
Restricted
Restricted
Funds
Funds
Asset Funds
2022
2021
£
£
£
£
470
-
-
470
62,175
376,758
411,878
-
788,636
911,713
417,152
-
-
417,152
224,279
73,710
-
-
73,710
13,373
190
-
-
190
50
-
-
-
-
106,306
TOTAL FUNDS
868,280
411,878
-
1,280,157
1,317,896
588,257
-
17,855
606,112
419,109
1,476
-
-
1,476
5,229
315,228
405,946
-
721,174
879,528
904,961
405,946
17,855
1,328,762
1,303,866
(36,681)
5,932
(17,855)
(48,605)
14,030
-
-
-
-
-
(36,681)
5,932
(17,855)
(48,605)
14,030
263,588
-
289,294
552,882
538,852
226,907
5,932
271,439
504,277
552,882

All income and expenditure derive from continuing activities

Page 11

NOTTS COUNTY FC COMMUNITY PROGRAMME

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2022

Note
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Closing stock
Debtors
13
Cash at bank and in hand
CURRENT LIABILITIES:
Creditors: Amounts falling due within one year
14
TOTAL ASSETS LESS CURRENT LIABILITIES
Creditors: Amounts falling due after more than one year
NET ASSETS
CHARITY FUNDS
20
Unrestricted funds
Restricted funds
Restricted asset funds
TOTAL CHARITY FUNDS
2022
£
318,712
183
82,521
190,792
273,496
(61,225)
318,712
212,271
530,983
(26,706)
504,277
226,906
5,932
271,439
504,277
2021
£
342,176
114
86,876
212,318
299,308
(51,941)
342,176
247,367
589,543
(36,661)
552,882
263,588
-
289,294
552,882

The financial statements were approved and authorised for issue by the board on 25/09/23

Signed on behalf of the board of Trustees

Mrs Dianne Jackson Chair

The notes on page 14 to 20 form part of the financial statements

Company Registration No. 04320737

Page 12

NOTTS COUNTY FC COMMUNITY PROGRAMME

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Net cash flow from operating activities
21
Cash flow from investing activities
Payments to acquire tangible fixed assets
Receipts from sales of tangible fixed assets
Interest received
Net cash flow from investing activities
Cash flow from financing activities
Interest paid
New borrowings
Repayments
Net cash flow from financing activities
Net (decrease) / increase in cash and cash equivalents
Cash and cash equivalents at 01 January 2022
Cash and cash equivalents at 31 December 2022
Cash and cash equivalents consists of:
Cash at bank and in hand
Cash and cash equivalents at 31 December 2022
2022
£
(5,911)
(4,754)
-
190
(4,564)
-
-
(11,051)
(11,051)
(21,526)
212,318
190,792
190,792
190,792
2021
£
(7,107)
(16,821)
7,500
1,498
(7,823)
(398)
-
(14,004)
(14,402)
(29,332)
241,650
212,318
212,318
212,318

Page 13

NOTTS COUNTY FC COMMUNITY PROGRAMME

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Summary of significant accounting policies

a) General information and basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charity's: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The financial statements are prepared on a going concern basis under the histrorical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

c) Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from government and other grants are recognised at fair value when the charity has entitlement after the performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Cost of raising funds comprise the cost of commercial trading from the facilities provided at the Portland Centre.

Expenditure on charitable activities includes costs of health, educational and social activities undertaken to further the purposes of the charity.

Irrecoverable VAT is charged as an expenses against the activity for which expenditure arose.

e) Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment loss. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost, less estimated residual value, of each
asset on a systematic basis over its expected useful life as follows:
Property improvements 25 years straight line basis
Motor vehicles 4 years straight line basis
Coaching equipment 3 years straight line basis
Classroom equipment 3 years straight line basis
Office equipment 3 years straight line basis

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest mething. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.

g) Debtors and creditors receivable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Page 14

NOTTS COUNTY FC COMMUNITY PROGRAMME

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

h) Employee benefits

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

i) Tax

The charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

j) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

k) Stock

Stock is valued at the lower of cost and net realisable value.

l) Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at a balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant affect on amounts recognised in the financial statements.

Revenue recognition on performance related grant funding - these involve judgements and estimates as to the extent that these income streams can be recognised depending on the Charity's attainment of the performance criteria.

2
Income from donations and legacies
Donations
Gift Aid
Grant Income
3
Income from Charitable activities
Holiday Camps
Football League Trust
Heading for Goal
On The Ball including Right Mind
Kickz
Goals For Life
Positive Goals
BTEC
Kickstart Income
Gung and Gang
Move and Learn
PL School Sport
CARE
National Citizen Service
Healthy Hearts
Development Centre Income
Twinning project
Reaching Communities
Fit Fans
Sport for good
Active through football
Asylum Seeker and Refugee Work
Kick the habit
Misc income
2022
2021
£
£
-
24,575
470
-
-
37,600
470
62,175
2022
2021
£
£
26,194
39,379
-
10,483
148,167
105,746
-
70
124,593
62,500
30,419
19,039
900
-
13,650
20,024
17,797
21,855
-
3,000
14,633
16,594
60,373
44,869
96,201
96,785
142,215
287,100
3,810
-
-
533
1,000
-
59,090
59,090
22,090
101,563
12,659
10,352
-
1,500
11,465
-
3,380
-
-
11,231
788,636
911,713

Income from charitable activities was £788,636 (2021 - £911,713) of which £411,878 (2021 - £177,583) was attributable to restricted and £376,758 (2021 - £734,130) was attributable to unrestricted funds.

Page 15

NOTTS COUNTY FC COMMUNITY PROGRAMME

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

4
Other trading activities
Sales of goods
Traineeship
Squash
Badminton
Table Tennis
Sports & Ancil Hall Hire Block Bookings
Group exercise
Fitness Membership
Fitness Room Pay and Play
Swim Schools & Club Block Bookings
Misc income
2022
2021
£
£
9,120
3,438
455
-
-
7,294
-
8,893
-
1,401
98,584
27,635
-
2,093
115,053
45,335
-
350
172,472
99,462
95,178
28,378
490,862
224,279

Income from other trading activities, including fundraising was £490,862 (2021 - £237,652) of which £Nil (2021 - £Nil) was attributable to restricted and £490,862 (2021 - £237,652) was attributable to unrestricted funds.

5
Income from Investments
Bank interest
6
Other incoming resources
Government grants - Coronavirus Job Retention Scheme
Profit on disposal of tangible assets
Other income was £nil (2021 - £106,306) all of which was attributable to unrestricted funds.
7
Expenditure on raising funds
Opening stock
Closing stock
Staff salaries and social security
Light and Heat
Rates
Membership software expenses
Marketing
General repairs and equipment
Gym equipment - lease
Insurance
Postage and Telephone
Licences
Sundry expenses
Staff development
Bank charges
Cleaning
Swim Expenditure
Swim Expenditure - Swim Schools
Depreciation
2022
2021
£
£
190
50
2022
2021
£
£
-
103,213
-
3,093
-
106,306
2022
2021
£
£
114
79
(183)
(114)
300,831
218,948
114,025
51,161
13,606
3,300
22,722
-
3,599
1,019
50,318
24,268
16,905
21,869
16,405
21,194
2,339
4,385
5,440
5,344
15,782
11,683
2,706
3,575
503
1,009
8,175
6,276
16,298
26,276
147
1,343
17,855
17,494
607,588
419,109

Page 16

NOTTS COUNTY FC COMMUNITY PROGRAMME

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

8
Expenditure on Charitable activities
Staff salaries and social security
Insurance
Printing, postage and stationery
Telephone
Vehicle rental costs
Motor expenses
Travel and subsistence
Facility hire
Staff development
Legal fees
Audit fees
Sundry expenses
Equipment leasing and maintenance
Consumable equipment
Holiday Coaching direct expenses
Heading for Goal direct expenses
National Citizen Service
CARE
Kickz
Fit Fans
Healthy Hearts
PLPS
On the ball
Reward and Recognition
Marketing & Media
Project travel
Bad debts written off
Bank charges and interest
Hire purchase interest
Fixed asset depreciation
9
Net income/(expenditure) for the year
This is stated after charging:
Depreciation of tangible fixed assets
(Profit)/Loss on disposal of tangible assets
Operating lease - Motor
Operating lease - Equipment
Auditors remuneration:
Audit fees
Accountancy services
2022
2021
£
£
533,470
668,653
998
1,822
11,433
1,624
5,434
6,583
236
215
-
2,097
-
2,338
778
4,777
15,375
20,936
7,252
11,666
12,481
11,289
10,163
10,245
17,416
28,756
-
2,471
18
-
5,292
9,889
62,783
81,393
2,551
-
7,072
-
161
-
358
-
1,071
-
195
-
3,968
-
673
1,190
9,396
4,327
900
-
1,338
546
-
(1,448)
10,363
10,160
721,174
879,528
2022
2021
£
£
28,218
27,655
-
(3,093)
-
-
16,905
26,863
4,500
5,250
7,981
6,039

10 Trustees' and key management personnel remuneration and expenses.

Trustees received no remuneration and were not reimbursed for any of their expenses in the year (2021 - £Nil).

The total amount of employee benefits received by key management personnel is £177,222 (2021 - £121,126). The total amount of other benefits received by key management personnel is £3,930 (2021 - £2,338).

The key management personnel of the Trust comprises the trustees, the Senior Leadership Team, and the Community Director.

11 Staff costs and employee benefits

The average number of employees and full time equivalent during the year was as follows:

2022
2022
Number
FTE
Raising funds
48
21
Charitable activities
25
24
73
45
The total staff costs and employees benefit's was as follows:
Salaries and wages
Social Security costs
Defined contribution pension costs
The number of employees who received total employee benefits excluding employer pension costs of m
is as follows:
£60,001 - £70,000
2022
2022
Number
FTE
48
21
25
24
2021
2021
Number
FTE
31
15
25
24
73
45
56
39
2022
2021
£
£
773,279
817,853
48,474
55,516
12,547
14,232
834,300
887,601
ore than £60,000
2022
2021
Number
Number
0
0

Page 17

NOTTS COUNTY FC COMMUNITY PROGRAMME

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

12
Tangible fixed assets
Property
Office
Motor
Coaching
Improvements
Equipment
Vehicles
Equipment
Cost
£
£
£
£
As at 1 January 2022
427,903
75,590
38,902
16,951
Additions
-
2,286
-
1,550.00
Disposals
As at 31 December 2022
427,903
77,876
38,902
18,501
Depreciation
As at 1 January 2022
107,475
54,043
38,902
16,751
Charge for the year
17,116
10,363
-
458
Eliminated on disposals
As at 31 December 2022
124,591
64,406
38,902
17,209
Net Book Value
As at 1 January 2022
320,428
21,547
-
200
As at 31 December 2022
303,312
13,470
-
1,292
13
Debtors
Trade debtors
Prepayments and accrued income
14
Creditors:
Amounts falling due within one year
Bank loan
Trade creditors
Accruals and deferred income
Taxation and Social Security
Other creditors
15
Creditors:
Amounts falling due after more than one year
Bank loan
16
Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
Not more than 1 year
Later than 1 year and not later than 5 years
17
Deferred income
Balance at 1 January 2022 (2021)
Additions during the year
Amounts released to income
Balance at 31 December 2022 (2021)
Property
Office
Motor
Coaching
Improvements
Equipment
Vehicles
Equipment
£
£
£
£
427,903
75,590
38,902
16,951
-
2,286
-
1,550.00


Classroom
Total
£
£
57,911
617,258
918
4,754
-
427,903
77,876
38,902
18,501
58,829
622,012
107,475
54,043
38,902
16,751
17,116
10,363
-
458
57,911
275,082
281
28,218
-
124,591
64,406
38,902
17,209
58,192
303,300
320,428
21,547
-
200
1
342,176
303,312
13,470
-
1,292
638
318,712
2022
2021
£
£
47,976
39,118
34,545
47,758
82,521
86,876
2022
2021
£
£
9,991
10,000
12,990
20,034
24,636
4,525
11,454
14,656
2,154
2,726
61,225
51,941
2022
2021
£
£
26,706
36,661
26,706
36,661
2022
2021
£
£
21,617
21,617
41,832
63,449
63,449
85,066
2022
2021
£
£
-
-
5,134
-
-
-
5,134
-

Deferred income comprises advanced invoicing of hall hire at Portland Leisure Centre, and primary project delivery. Deferred income is included within 'Accruals and deferred income' in note 14.

Page 18

NOTTS COUNTY FC COMMUNITY PROGRAMME

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

Accrued funding commitments
Balance at 1 January 2022 (2021)
Additions during the year charged to income
Amounts paid during the year
Balance at 31 December 2022 (2021)
2022
2021
£
£
47,759
14,632
24,457
47,759
(47,759)
(14,632)
24,457
47,759

18 Accrued funding commitments

Accrued funding commitments totalling £20,954 (2021 - £47,759) were attributable to restricted funds and £3,503 were attributable to unrestricted funds (2021 - £Nil).

19 Fund reconciliation

Unrestricted funds

Unrestricted funds
Unrestricted Balance B/F
Balance C/F
at 01/01/22
Income
Expenditure
Transfers
at 31/12/22
£
£
£
£
£
263,588
868,280
(904,971)
-
226,907
263,588
868,280
(904,971)
-
226,907

Restricted funds

Goals for life
Heading for Goal
Premier League Kicks
Premier League Primary Stars
Twinning Project
Muslim Women Reaching Communities
Health Hearts (Cardiac Rehabilitation) Project
Kick the Habit
Asylum Seeker and Refugees
Restricted Asset funds
Portland asset funds
Balance B/F
Balance C/F
at 01/01/22
Income
Expenditure
Transfers
at 31/12/22
£
£
£
£
£
-
-
-
-
-
-
148,167
(146,035)
-
2,132
-
124,593
(122,797)
-
1,796
-
60,373
(59,503)
-
870
-
1,000
(986)
-
14
-
59,090
(58,238)
-
852
-
3,810
(3,755)
-
55
-
3,380
(3,331)
-
49
-
11,465
(11,300)
-
165
-
411,878
(405,946)
-
5,932
289,294
-
(17,855)
-
271,439
289,294
-
(17,855)
-
271,439

Fund descriptions

a) Unrestricted fund

The general reserve represents the free funds of the charity which are not designated for particular purposes.

b) Restricted funds

Goals for life is a football-based, mental health project aimed at 10 to 14 year old boys.

Heading for Goal is an alternative education programme that works with students aged 11 to 16 years old who have been excluded or are facing exclusion from mainstream education.

Premier League Kicks is a project delivered by us at 5 different local areas across Nottingham. It provides free football sessions for 8 to 18 year olds on a weekly basis during term-time.

Premier League Primary Stars is a programme designed to inspire children to learn, be active and develop important life skills. The programme helps to enhance the provision of PE and support pupils' educational attainment in other curriculum areas.

Healthy Hearts programme is to deliver physical exercise sessions to participants who may be affected by the low-risk heart disease diagnosis. This could range from anyone who has had a long family history of heart disease to an early diagnosis of a condition which could lead to a heart condition.

Asylum Seeker and Refugees programme offers free multisport sessions for asylum seekers and refugees, giving the opportunity to play sport and become physically active, aimed at children and adults.

Twinning Project is HMPS funded prison work for current and ex-offenders in Nottinghamshire.

Kick the Habit programme offers patients with serious mental health illnesses the opportunity to play sport whilst being offered advice and support to stop smoking.

Page 19

NOTTS COUNTY FC COMMUNITY PROGRAMME

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

20 Analysis of net assets between funds

Analysis of net assets between funds
Tangible Fixed Assets
Stock
Debtors
Creditors
Cash and bank
Total Assets
Restricted
Restricted
Unrestricted
Asset funds
Funds
Funds
2022
2021
£
£
£
£
277,371
-
41,341
318,712
342,176
-
-
183
183
114
-
-
82,521
82,521
86,876
-
-
(87,931)
(87,931)
(88,602)
-
-
190,792
190,792
212,318
TOTAL FUNDS
277,371
-
226,906
504,277
552,882

21 Reconciliation of net income / (expenditure) to net cash flow from operating activities

Reconciliation of net income / (expenditure) to net cash flow from operating activities
Net income / (expenditure) for year
Interest receivable
Interest payable
Depreciation and impairment of tangible fixed assets
(Profit) / loss on disposal of tangible assets
(Increase) / decrease in stock
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash flow from operating activities
2022
2021
£
£
(48,605)
14,030
(190)
(1,498)
-
398
28,218
27,655
-
(3,093)
(68)
(35)
4,355
(26,543)
10,379
(18,021)
(5,911)
(7,107)

22 Pensions and other post retirement benefits

Defined contribution pension plan

The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £12,547 (2021 - £14,232). The defined contribution liability is allocated to unrestricted funds.

23 Liability of members

The charitable company is limited by guarantee and has no share capital. Every member of the charity undertakes to contribute such amount as may be required (not exceeding £10) to the charity's assets if it should be wound up whilst he or she is a member or within one year after he or she ceases to be a member, as stated in the Memorandum and Articles of Association.

24 Related party transactions

The trustees consider that Notts County Football Club ("the football club") is a related party of the charity by virtue of its significant influence.

The charity receives financial support from the football club to the extent that premises are provided free of any charges.

25 Contingent assets and liabilities

The charity trustees have identified contingent assets totalling £72,500 relating to legacy income.

Based on an assessment of the circumstances of these future payments at the year end, it is not possible to reliably measure the full amount of the payments yet to be received.

Page 20

Notts County Foundation - final accounts 2022 Final Audit Report 2023-09-29

Created: 2023-09-29 By: Steve Newman (steven.newman@wrightvigar.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAi2xSkJ3nl0OsbgmFmufH9HGDxXrZJAhP

"Notts County Foundation - final accounts 2022" History

Document created by Steve Newman (steven.newman@wrightvigar.co.uk) 2023-09-29 - 11:05:27 GMT

Document e-signed by Steve Newman (steven.newman@wrightvigar.co.uk) Signature Date: 2023-09-29 - 11:08:16 GMT - Time Source: server