2020-08-31-accounts - Foresight North East Lincolnshire Ltd

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Report ofthc Ttustees		1	to	11
Rcport ofthc lndcpendont Auditors		12	to	13
Statement ofFinancial	Activities		14
Statement oFPinancial	Position
Statctnent ofCash I'lowe			16
Notes to the Statement	oi'Cash Plows
Notes to the Pinancial	Smttnncnts	18	to	30
Detailed Statement ofFinancial Actlvhles		31	to	33

							2020	2019
			Unrestricted	Revaluation		Restricted	Total	Total
			funds	Reserve		ihnd	funds	lhnds
								as restated
		Notes	8					6
INCOME AND
ENDOWMENTS FROM
Itonutions and legacies		2	39,904			56,702		511,064
Chnrltablo acttvtttcs		5
Charitable activities			470,535				470,535	483,329
Other trading activities		3	53,522				53,522	105&6
Investment Income Odtcr income		4 6	120,491 ~261 642				120,491 ~261 642	94478
Total			946,094			56,702	1,002,796	1,194,477
EXPENDITURE ON
Raising funds		7	170~7				170,23'/	187332
Charitable activities		8
Charitable activities			593,827			213,605	807&432	567,383
Other			~2003				~2003	~470969
Total			766,067			213,605	979,672	1,225,684
NET
INCOME/(EXPENDITURE)			180,027			(1565/03)	23&124	(31v207)
Transfers betsveen funds		23	~1053"/)			~IO 537
Other recognised gains/(losses) Gains on revaluation ofAxed
assets								~428 023
Net movement In funds			169,490			(146g66)	23,124	396,816
RECONCILIATION	OF
FUNDS
Total funds brought	fortvard		451,803	2,296,317		700,966	3,449,086	3,052,270
TOTAL PUNDS CARRIED
FORWARD			~621 93	~2296	17	~554 600	~3472 210	~3449086

						2020	2019
			Unrestricted	Revaluation	Restricted	Total	Total
			funds	Reserve	fund	funds	I'unde
							as rtsuated
RIXEDASSETS		Notes	6				8
Tangible assets Investment property		14 19	615,876 925 000	2,296,317	932,480	3,844&673 825 000	3,537,107 825 000
			1,440,876	2,296,317	932,480	4,669,673	4,362,107
CURRENT ASSETS
Stocks Debtors Cash at bank and In hand		16 17	500439 40 878		130,245 660 767	630,484 701645	3,847 438J06 804325
CREDITORS			541&117		791,012	1,332,129	1447,078
Amounts falling due within	one
)'eW		18	(309,803)		(14,832)	(324,635)	(228,178)
NET CURRENT ASSETS			231314		776 180	I 007494	~l 018 0
TOTAL ASSETSLESS
CURRENT LIABILITIES			1,672,190	2,296,317	1,708,660	5,677,167	5,381,007
CREDITORS
Amounts Ming due afier more
than one year		19	(1,1150,897)		(1,154,060)	(2,2042957)	(1,931,921)
NET ASSETS			621 93	~296317	554 000	3472 21D	I 449 086
RUNDS		23
Unrestricted funds:
Oeneml fund Revaluation Reserve						621,293 2 96317	451,803 2296317
Restricted lbnds						2,917,610 5 489	2,748,120 70D 966
TOTAL RUNDS						3 472 210	3 449066

				2020	2019
					Iisrestatctl
			Notes
Cash flows from operating	activities
Cash generated Itom opemtlons				75,584	287,229
fnterest paid Intorest elctn ant ofhire purchase paid		payments		(62,871)	(49,926) ~3418
'Net cash provided by operating		activities		~II 765	~240 721
Cash flows from lavestlng	activities
Purchase ofIanglble Axed assets Interest received				(460,025) ~5083	(1,000,657) ~2443
Net cash used In invostfng	activities			454 942	~998214)
Cash flaws from flnancing	activitlcs
Nen loans In year				447,200	846,740
Loan repayments in year Capital repayments in yeor				(101,113) ~590	(54,210) ~II 635
Nei cash providtuI by financing		activities		~340497	~780 895
Change In cash and cash	equivalents		In the
reporting period				(102,680)	23,402
Cash sud cash equivalents	at the heginaing
ofthe reporting period				~804 325	~780923
Cash and cash equivalents	at the end		oftho
repertlng period				~701 645	~804 325

0 r	t f Y	t f Y
	RECONCILIATION		OF NET		INCOME/(EXPENDITURE)		TO NET CASH Ft0VV FROM		OPERATING
	ACTIVITIES
								2020	2019
									as restlltcd
									f,
	Net income/(expenditure)			for the reportiag period (as per the			Statement
	ofFinancial Activities)							23,124	(31,207)
	Ad)ustments for;
	Doprcclatlon oharges Loss on disposal offlxed assets					finance		117,349	(I27,656) 22,889
	Interest received							(5,083)	(2,443)
	interest paid							62,871	49,926
	Interest element ofhlrr purchase impairment offixed assets				and	leas. rental payntents		948 (2,003)	(3,418) 448,204
	Others							37,114	46,919
	Decrease/(increase)	In stocks						3,847	(155)
	Increase In debtors Increase/(decrease)	in creditors						(]91,578) ~28 5	(114,841) ~989
	Net cash provhled	by	operations					~75 584	~287 229
2.	ANALYSIS OFCHANGES IN				NET DEBT
							At 1.9.19	Cash flow	At 31.8.20
								f,
	Not cash
	Cash ot bank and In	hand					~804 325	~102680)	~701 645
							~804 325	~1680	701 645
	Debt
	Finance louses Debts lhlling due within Debts falling due afler		1 year I year				(5,590) (133,490) (1~931921	5,590 (73,052) ~273 03	(206+l2) (~204 5
							(2~071 001)	~340498	(2~411 4
	Total						(i~66676	~443 178	(1~709854)

				2020	2019
					as restated
Donations				1,145	10,464
Grants				~95461	~500600
					~511 064
Grants received, included		in	the above, are as follows:
				2020	2019
					as restated
Humber Sports Partnership			Ltd
Awards Por All					10,000
Project NELC BetH ending				25,000	25,000
UFI UK Online				5,503	4,100
Sport England					8,640
North East Llncolnshire		Council			4,aoo
CERT					3,263
Home OIIIce					7,625
Key Fund				43,001	10,000
The Clothworkers'	I oundation				ioo,ooa
Morrisans					10,000
People's Postcode	Trust				15,460
HM Revenue tb Customs					28,305
Wolfson Foundation					70,000
Osrtlcld Western					25,000
Trusthouse					30,000
Sodal Investment	Business				14,760
Football Foundation				1,700
Energy savings					45,519
Mercers Trustees Orant					67,545
Young person scheme				5,000
Places to ride				12,001
Other gmnts					~21 383
				~95 461	~500 600

		-c
			I
3,	OTHER TRAIIING ACTIVITIES
					2020	2019
						es rrsmted
	Cafo The Warehouse				8 14,607 ~38 15	f, 35,710 ~69796
					~53 522	~I05 506
4,	INVESTMENT	INCOME
					2020	2019
						as trotted
	Rents received Solar feed in toriff Bank intorcst Loan interest				'l8,000 37,408 3,283 ~1800	8 78,000 14,135 1,843 600
					120491	~94 578
	INCOME FROM CHARITABLE ACTIVITIES
					2020	20]9
						as restated
			AcUvity		8
	Appeals end donations Rent Insurance Claim Room hire Minster Road charges Contractual income from		Charitable Charitable Charitable Charitable Charitable	activities activities activities activities activities	28,852 176,791 130,260 1,795 71,680	30,692 170,202 6,990 128,357
	government or pub	lio
	authorities Saloofgoods		Clmritable Charitable	activities activities	56,950 ~4207	121,822 ~25 266
					~470 535	~483 329
6.	OTHER INCOME
					2020	2019
						as restated
					8
	Business support	grants			144,469
	CJRSgrants				~117173
					~261 642

	RAISING	DONATIONS	DONATIONS
					2020	2019
						as rostated
					E
	Stntf casts Telephone				47390 ~6200	48,064 ~f499
					~53 590	~49 563
	OTHER TRADING ACTIVITIES
					2020	2019
						ss restated
	Purchases Staffcosts 0tflee and	premises expenses			19,285 39,680 20360	37,745 44,968 26,049
	Advertising Depreciation		and prenotion ofumglble lixed assets		893 33,109	715 23,739
	Entertshunent					524
	Other expenses				53	756
	Telephone				~3267	~373
					~II6641	~137769
	Aggregate	amounts			~170 237	~187 3 2
8.	CHARITABLE ACI'fVITIES COFfg
					Supparl
				Direct	costs (see
				Casts	note 9)	Totals
				E	E	E
	Charhable	activities		~734490	~72 942	~807432

	Oovernancc
Other	costs	Totals
6	8	8
~57 563	~15 379	~72 942

			2020	2019
				as restated
			8	8
Accountancy		fees	6,779	6,582
Auditors'	remuneration		9,480	9,204
Depreciation		- ovmed assets	150,456	34,541
Deilcit on	disposal offlxed assets			~22 765

STAFFCO	ST	S
							2020	2019
								as rcsmttxl
							f.
Wages and	Salaries						311,559	378,453
NI							14,926	20,495
Pension							8 IOl,
							3143K
The average	monthly		number ofomployees		dmlng	the year wss as follows:
								2019
								ss restated
Average staff								27
No employees		received emoluments		In excess of660,000.

				Fixtures
	Freehold	Long	Plant and	mtd
COST	property	leasehold 8	machieery 8	littlngs 8	Totals
At I September 2019 Additions Impalnnents	2,833,687 456,939 ~2003)	690,185	56355	265,082 3,086	3,845,309 460,025 ~2003
AI31 Augusl2020	~3288 623	~690 185	~56355	~268 168	~4303331
DEPREC1ATION
At I September 2019 Charge for year	9,130 ~III 750	5,440 ~27 607	44,147 ~6741	249,485 ~4358	308,202 ~l50 456
At 31 August 2020	120 880	33047	50888	253 843	458 658
NRT BOOK VALUE
At31 August2020	~3167743	~657 138	~5467	~14 25	3 844673
At 31 August 2019	~2824 557	684 745	12208	15597	3537 107

INVESTMENT PROPERTY
FAIRVALUE
At I September 2019
and 31 August 2020	~825 000
NET BOOK VALSE
At 3I August 2020	~825 000
At31 August2019	~825 000

16.	STOCKS
		2020	2019
			as restated
	Stocks	8
			~3847
17.	DEBTORS
		2020	2019
			as restated
	Amounts falling due tvlthin one year:		5
	Trade debtors Other debtors Gent rccoivable Prcpayruents	52,898 174,681 159,098 ~ISI 407	144,4PJ 81,401 120,839 ~31617
		~568 084	~378 306
	Ant ounts falling due after moro tlmn ono year: Loans receivable	~62 400
	Aggregate mnounts	~630 484	~438 906

18.	CREDITORS: AMOUNT		S	FALLING DUEWITHIN ONE YE	AR
					2020	2019
						BSfCStatCd
					8
	Bank loons and overdrafts		(scenote 20)		181,042	111,869
	Other loans (see note 20)				25,500	21,621
	Hire purchase (see note 21)					5,590
	Trade creditors				59,742	39,134
	VAT				3,912	4,492
	Other creditors				25,956	16,547
	Pensions				1,038
	Net wages					243
	Accrued expenses				~27 445	~28 682
					~324635	~228 t78
19.	CREDITORS'. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
					2020	2019
						Bst'csl&tcd
	Bank loans (see note 20) Other loans (sce note 20)				2,149,123 ~55834	1,841,864 ~90057
					~2204 957	~1931921
20.	LOANS
	An mmlysH ofthe maturity		ofloans is given below:
					2020	2019
						as mstatcd
						8
	Amounts falling due tvithin		one year on demand:
	Bank lonns Other loans				181,042 ~25 500	111,869 ~21621
					~206 542	133490
	Amounts falling between	ono		and two years;
	Bank loaIIB " 1-2 YCars Odter loans - 1-2 years				131,042 ~25500	76,682 ~24 882
					~156 542	~101564
	Amounts falling due hmwccn			two and I)ve years:
	Bank loans -2.5 years Other loans - 2-5 yenrs				393,125 ~30 334	237,164 ~65 175
					~423 459	~302 339

	cia
20.	LOANS - continued
					2020	2019
						as restated
					f
	Amounts falling due in mora thun live years:
	Repayable by	lnsudments:
	Bank loans more 5yr by iustal				1,624,956	1,528,018
21.	LEAS1NG AGREEMENTS
	Minimum lease payments under hire purchase			fall due as follows:
					2020	2019
						as restated
					F.
	Net obligations	repayable:
	Within one year					5 590
22.	SECURED DEBTS
	'lire following	secured debts are Included	within creditors:
					2020	2019
						as restated
	Bank loans				~330 165	~1953733
	'I'he loans are scoured against the following properties. '
	-60 Newmarket -146Freeruan	Strcct, Grim shy Street, Grimsby
	-Anne Askew	l-louse, South Marsh R&md,	Stalllngbomugh
	- 2 Manchester	Street, Grimsby
	- 165Freeman	Street, Grlmsby
	-2a Stanley Street, Grlmsby

					Other
	Brought	lacoming	Resources	Funds	recognised	Carried
SUMMARY OP	forward 8	resources	expended f	transfers g	galnsi Bosses) g	forward
PUNDS
Unrestricted funds
- General Funds - Revaluation Reservo	451,803 2,296)317	946,094	(766,067)	(10,537)		621,293 2,296,317
Restricted lhnds	700 966	56 702	~213605)	10537		554 600
	I 969996	I69& 796	~979673			3 472 210
RESTRICTED FUNDS
Sport England V-Inspired I-Ionry Smith Big Lottery - New	8,765 23,669 12,550		(4,007)			8,7{i5 23,669 8,543
Stopping ArLsCouncil BigLottery - Agc IsNot	40,415 9		(38,483)			1,932 9
ANUtllbct Horltage Lottery CSC - UCP	90,120 1,743 348		(69)634)			20,486 1,743 348
Dementia Project Celebrate Preomo BBCChildren In Need Arts Council - Scertlto	1,671 54 47,349		(3,000) (8&494)	1,329		54 38,855
Library	741					741
Sport England - Rugby	1493					1393
Hute CBme	1,970					1&970
Key Pund Awards For All	58,500 10,000	43,001	(I) (10,000)			101,500
Sport England - Coro	9,828		(19,036)	9,208
Sport England-
Community Asset Fund Football Foundation People' s.Postcode Trust	23,671 7,177	1,700	(265) (5,400)			23,671 1,435 1,777
Stanley Street Gmnts I.IM Revemte &	225,000					225,000
Customs Access Reach Fund The Energy Saving	21,229 1,800 45,519		(15,247) (16,470)			5,982 1,800 29,049
Mercers Trustee Grant	67,545		(23,567)			43,978