REGISTERED COMPANY Tr*UMBER: 04278151 (Englandand WAles) REGISTERED CHARITY i%IIMBER: 1095120 ort of the Tru anrial Stat¢Jn¢nts for the Year Ended for FoTes5 ht North East Lincolnshire Ltd. SKS Audit LLP 3 Shten Road Rlchrnvnd Upon Thatnes TW9 IAD ## Foresight North East Lincolnshire Ltd. |Contents of the Financial Statements||| |---|---|---| |for the Year Ended 31 August 202 L||| ||Page|| |Report of the Trustees|to|8| |Statement of Trustees' Responsibilities|9|| |Report of the Independent Auditors|JOto|12| |Statement of Financial Activities|**13**|| |Statement of Financial Position|14|| |Statement of Cash Flows|15|| |Notes to the Statement of Cash Flows|16|| |Notes to the Financial Statements|**17**to|31| h N rth E i Lincolnshire Ltd. ortoftheT forthe Year Endcd 31 Au ust ?021 The trusiees who are also d2recioTS of th¢ charity for the purposes of th¢ Companies Aa 2006. preseni iheir report with the financial siaiemenis of the ¢haThty for the year ended 3 1st Au8USt 2021. The injstees have adopted the provisions of Accounting & Reporting by Chariites.. Statement of RecomTn¢nded Practice applicable io charities preparing their accouns in accordan¢e with Financial Reporting Standard appli¢abl¢ llj th¢ UK & Ir¢land (FRS 1021 l¢ff¢¢tiv¢ 1st January 20191. OWEcfivEs AND ACTIVITIES Objectives #ims Th¢ charity's objects aTC to promote th¢ b¢n¢fit of disabld p¢ople. older people their families and carers in North a#d North East Lincolrtshire and 5urr(>unding areas. In addition. givrn the work the organisation has undenak¢n within the W8￿house, Scartho Community Hub, CT¢sc¢nt Community Hub and 146 Freeman Street we have io¢lvded the wrder comrnunity as benefictaries through the inclusion of art urbon r¢g¢neration clause within our 2rea of benefjt. The aim of Foresight is to improve ihe gua15ty of life for its beneflciaries. buildin8 cottfJden¢¢ and ¢ombating disadvantage. By the pmvision of new opportunities, ratsing Ewareness and partn¢r5hip WQTking we address the stigma and rnyihs surroundin8 disability and break down barriers enabling individuals to lead 2 ftjll and irtd¢p¢ndent lifcstyle. The orgartigation Works iowards esiablishijg and meeiing the needs of its user group, developing and providing serviees and avoiding duplication with other servi¢¢s. The organisation's mission statement is "to provide the way fotivard for the dthsabled and older communiiEe5 of North North East Lincolnshire and surrollrtding areas. Etnpow¢ring individuals towards, a- new beginnin8. a brighter fvture and a full and enjoyable life." During the past year despite Covid-19 implitation% the charity h&$ worked tirel¢s51y to further meet the needs and requir¢ments of its beneficiaries and user groiip. The charity has Strived lo continue providing new and innovative opporturtities in ITne with the user led ethos of ollr or¥anisation. The overall delivery has been designed io combat social exclusion and irnprove iftdividual quality of life addressing our overtrching aims. During the past y¢ar the charity h&$ continued to increase th¢ delivery of Our services deditatth to meeting the needs of our corramunity members in both North and North East Lincolnshir¢ To achieve our objectives the chaTity has undertaken regular consuliaiion, r¢s¢arch and surveys with our u%r groups, strengihened existing partnerships and created new Partne￿hIpS with other service5 Providers. In Bddition. t(> achieve these objetl&ves, as th¢ charity reli¢5 heavily on income from ¢xlern21 sources and trust funds. 11 is tsrganisational poliey for funding to k in pla¢e prior to commeocement of any PJDjeth. Foresight has continued to m¢et the demands of our user group during th¢ year using both 60 NeMTrark¢i Street 2nd the ground floor of 155-159 Freeman Streel Grimsby DN32 7AR. "I'he first floor and Second floor is currtntly rented to 14¢arning for Life and th¢ Auditorillm is currently rertt¢d to Bridge Mintstries. The development at 146 Freemart Street is now ¢otnplde whieh is now fully hired out to the I￿al authority for their Skills Hub. Ann¢ Askew Hovse'5 27 5elf-contain¢d flats have had a high level of w¢upaacy during this period Complimented by the completion of the Coronatiots House dev¢loprn¢nt which h&$ contributed significantly toward5 long le￿ sustainability and has 5¢Tved to further rni% our profile and standin8 ZS th¢ leading charity for disability in Nonh East Littcolrtsbir¢. Within the Newmarket SIT¢et c¢ntre, the provision of faciliiies and activities is totally user led. We currently provid¢ a wid¢ and diverse pro¥ratnrne of learning, training, l¢i5urE sportin8 and social #Llivities all speciftedlly adapted to meet the needs and Tequiremenis tsf disability. To further sUPPOrt and COTnplement rhis w¢ offeT SUTgeries across all areas affeeting individual lifestyle including information, advice and guidance. benefi¢& independent living. job search. careers, all aspe¢ts of hcalth ¢.g., opticians. do¢tor5, dentisr4 ¢ommunity and home safety and other rclated issues in order to provide a on¢ stop shop. Public benellt Th¢ charity provide5 a significattt public benefit through the provision of its facilities and satisfa¢tioD tsf its objectives. The trustees have 8iv¢n regard 10 ihr Charity Comtni5sion's guidance on public benefii. Page I resi ht North East Lincolnshire Ltd. rt of the Tnjstees for the Year Ended 31 Au ust 2021 OWEC.TIVES AND ACTIVITIES VDluntee The organisation is particularly reliant on voluntcers in the course of undertaking its Ch￿Itable &ctivities. Voluntecrs m2ke a significant contrsbution to th¢ organization asststing Ihrou¥h a wide range of tasks and duiies including the day to day running ofthe Scartho Community Hub. organisation of activitie5 and ouiings. suppon with activitie5, learning and training. administration and reception duties, delivery of basic IT training specific lo the disability and generdl assistance with cvcryday tasks attributed to th¢ smooth running of tht ccntre. Th¢ OTganisation has a strong volunteer base numbering over 150, which equaied 10 in excess of 26.000 volunteer hours durin8 the year. In term5 of value this is equivaletst to Nelve full time staff rM)sition5 and has proved to be essential to the smooth TuTrning of our organi5ation. ACHIEVEMENT AND PERFORMANCE Charit8ble 9ctivitie5 Ke) Sites We currently operat¢ fiDm eight key sit¢s itt ihe ¢ommunity that are managed centrally from our headqudrter5 at the Foresight Day Centre on Newmarket Street.. Foresight Day C.¢ntre, Newmarket Sir¢et, North East Lincolnshire Stspported Living Accommodation. Ann¢ Askew Hou5¢, North East Lin¢olnshir¢ Suppon¢d Living Accommodation. Cleeihorpe5. North East Lincolnshire Community Resource Cenlre, North Lincolnshire The Warehouse. Freeman StrttL GTim5by. North F.Ist Lirtcolnshi 146 Freeman Str¢¢l. Grimsby, North East LincolnshiTC Scartlio Community Hub, North Elst Lintolnshirc Crescent Community Hub. Cleethorpe5. North East Lincolnshire Highly Trlev4nt io maintaining these key site5 wa5 th¢ award of funding from the Mercer5 Foundation to appoint a F2cilities Manager with overnll responsibility for all our sile5 which will result in ¢nsuring they are well maintained. me¢t th¢ needs of tenants users and ill¢Tea5¢ use resulting in addiiional unTestrirtd in¢ome enhancing fuwre or8anisaiional sustainAbÈlity, Day Opportunitie5 Our da) opponunities are delivered from Foresight Day Centre and includ¢ a wide rftnge of COUT5¢S, inGluding education progratnrnes run by WEA. and HLC. with ac¢rediiation if desired. Provision a150 includes facilities activities providing di5&bled adults with opponuniiies to gain a vari¢tv of new skills and hobbies as well as developin8 Confidence and general wellbeing. The c¢ntr¢ ha5 COrt¢inued 10 operdie apart from two months elosur¢ due to th¢ Covid -19 p8nd¢mie. Training Cour￿ and activitie5 include the followin8-. Arts and CTaft5 c.g.. Painting, Pott¢ryy Textile5 and Card Makin& PhotO8raphy and M¢dia. Spccial int¢Tests e.8., Aromatherapy. Archery. Shooting, Fishing Healthy eating e.g.. frnd choices, food preparatiort Sporting aciiviii¢5 t.g.y Bowlin& Badminton. Basketball. Bowles. Table Cricket Ftst)ciioTral Ski115 Englith & Maths Ind¢p¢ndent livtng skills Tht F(>r¢sight Day Centre Also bo&st$ a ran8e of specialist facilities that SUPPOrt 5¢rvi¢¢ delivery including.. UK (htline Centre: Foresighi is a UK Onlinc ¢entre, which supports the North East LtncolnshiT¢ community to start using the internet. UK Online is aimcd at absolute beginn¢r5. it 15 SUPWlrted by staff ai Fortsight who provide assistance and r¢a55uran¢e to make sure people's first step5 onto th¢ int¢mei is 8 positive exp¢riert¢e. Page 2 ## Foresight North East Lincolnshire Ltd. ## Report of the Trustees for the Year Ended 31 August 2021 ## **ACHIEVEMENT AND PERFORMANCE** ## **Advice:** Funded by the Energy Redress programme the centre offers the provision of high-quality energy advice and support which is currently unavailable on a local basis to disabled people residing in North and North East Lincolnshire significantly improving quality of life through financial savings, warmer homes and a better understanding of the energy needs and usage resulting in behavioural change and positive decisions as a result of accessing the project. Funded by HMRC we provide advice, learning and support to our client base with regards to all aspects of HMRC provision that impacts on their lives in particular raising awareness of available benefits and how to access on-line applications, During the Covid-19 crisis we also teamed up with Energy Redress to provide energy vouchers for disadvantaged community members who use token meters for their utilities. ## **Community Foot Care:** The aim of the service introduced in March 2017, is to provide affordable foot care by a fully qualified specialist. These sessions are run at locations throughout North East Lincolnshire. ## **Community Pet Care:** This service provide care for pets when people require respite or are faced with emergency hospital admission ## **Supported Living Accommodation:** The main principles of supported living are that people with disabilities have control over the support they receive, who they choose to live with and how they live their lives. Foresight is operating supported living accommodation with bed spaces in Cleethorpes with hugely successful outcomes for service users. The wider Foresight services are available to these individuals to help them to lead more independent lives ## **Anne Askew House:** In 2012 we purchased Annt: Askew House in Stallingborough for£ 140 k and began a refurbishment project to provide self-contained apartments for people with a range of disabilities. The building has provision for 27 supported living units. All apartments have a living area, bedroom, bathroom and kitchen and come with the choice of being furnished at an extra charge. The residents also have access to a communal area and garden. ## **Coronation House:** This building was completed in 2021 providing 24 self-contained apartments for people with a range of disabilities, Due to demand for housing we recognised the need for an urban location close to all major facilities, All apartments have a living area, bedroom, bathroom and kitchen and come with the choice of being furnished at an extra charge. The residents also have access to a communal area. This facility also has five separate units which are leased to the local authority for people leaving care. ## **Outdoor Activity Centre:** Our outdoor activity centre was opened in June 2021 to significantly improve the quality of life for disabled people and their families. The activity centre is a unique amenity offering opportunities that are currently unavailable ensuring that our community re-activate their outdoor activity habits and combat the negative impact of Covid-19 experiencing the significant benefits that participation in activity on a regular basis will bring. The outdoor activity centre the offers an extensive programme of supported outdoor activities available seven days a week e.g. walking, cycling, angling, outdoor games. We are particularly grateful to a range of grant funders who have contributed to this project ## **North Lincolnshire:** Foresight is operating a community resource centre in North Lincolnshire. From this centre we deliver a range of educational and recreational programmes. These include two-year courses in Mathematics and English run-in conjunction with local authority tutors; and number of other education short courses taught by Workers Education Association tutors; and a range of recreational and developmental sessions including a range of arts & crafts, sports activities, gardening and walking. ## **The Warehouse:** The development offers a fully equipped bar and auditorium with full community access. The auditorium is used as a 120 seated cinema style venue for conferences, presentations and cinema or an informal venue with relaxed seating for training, parties, concerts, exhibitions, weddings etc. The first and second floor leased by a local community learning group who provide learning and development for SEND pupils and people granted and those seeking asylum. Page 3 Foresi t North East Lineolnshire Ltd ort of th¢ Trust¢¢s for the Ycar Endcd 31 Au ust 2021 AC.HIEVEMENT ANID PERFORMANC& Charitable 9Ctlvlties {oontinued) The Runner Bean: FoTe5ight has a spacioLES cafeteria called The Runner Bcan. The Runner Bean is equipped wsth a full working kitchen that will serve hot food on a daily b&%is at low affordable prir¢s. 13r¢akf55￿ Starte￿, Main5 and Snack5 be ordtT¢d from our new menu. The RtsnnEr Bean also offers tske out for those who are ot) the go and a buffet 5etvice for local OTg3lliSations. Projects gnd Initlgtive5: The following projects and initiatives are primarily delivered fTh)m the Foresighi Day ¢entre in Newmarket Street, some elements of service provision may alsts GT05S into North Lincoln5hiTe where they ar¢ delivered from 0￿r cotnmunity r¢stsurce centre. Holiday ScheJne- FO￿51ght runs a holiday scheme for children with disabilit1¢5 during the half temi pcriods. The sch¢m¢ provides respitr for fdmilies durin8 holidaj periods and ofTers an enriching experience for children lo make new friends and lake part kn new 2Ctivities. Activities include da}'s out, arts and cr2fts sessions. sports and sesstons. This PTogramm¢ was postyort¢d in Easter. May and Summer 2020 due to Covid-19 B¢frkendiog: Foresight offers 8 b¢fri¢Dding 5¢fvLCC for ￿PIe who becom¢ isolated b¢¢aus¢ of ill health. disabiliry or so¢iai dIS￿Vantage. Befriending offers supportiv& reliable relationships through volunteer befrienders to people who would otherwise b¢ socially isolat¢d. These valued relaiionships help to improvt a person's w¢llb¢itJg and COnn￿tIon to wider society. Volunte¢ring: FO￿sIght'S volunte¢T5 are the heart of th¢ organi5ation and this has been particularlj highlighted during the cu￿ent covid-19 pandemic where they hav¢ provided a telephone support scjvice. We offer a rang¢ of opwrturtities to help individuals gain experienc¢, wnfidence and Skills though volunteering. Positions include kitchen assisranls. classroom supkN)rt and befiiending. All our volunieers are a vital to the organisation as a whole. We recognise their achievements and coniribuli0rt5 Ihrough an annual volunieer award s¢hetne. Th¢ awards also provide an opportunity for volunte¢r5 10 boom their Cv's by demonsirating to employeTS. Colleges and universiii¢S evidentt of their achievements. Vfftsual Hearing Aids: We provide hearing aid batteri¢s free of charge so local residettt$ don't hove to visit th¢ hospital for their r¢plac¢ments. We also ofter support lo petspl¢ who requiTC visual aid equipmcnt su¢h a5 magnifi¢rs and ialking watches. Our helptiil stalymembers provid¢ a5515tsnce lo members of the publiG to select th¢ right visual equipm¢ni for them. Sport And Actave Reoreaiion: We provide a range of different sport and recreation activities the majority fi]nd¢d by Sport Eogland. Classes ru throughout the days Mond8y-FTiday ranging from Archery io Badminton, Football to Basketball. There is a great variety for evyone and helps keep people fit and active. To ensure sustwn¢d parti¢ipatio# we deliver a Sport England fllnded proj¢¢t thai dev¢lop5 our volunieer bas¢ to lead activity and provide support and motivation ensuring the activ¢ reTnain active. Addition2lly, we r¢¢eived Grow the Game fundin8 10 fomi disability footbajl t¢arn5 who compete in the county league and also enable our volunteer ctrache5 to achI￿e relevant coaching qualifications. Hurnber tkgrning Consortiurn We deliver an annually fundd progrdmine ihrotsgh Building B¢tt¢r Opponuniiies funding offering community learning programmes that 4T¢ diverse and beneficial to ￿1 who participate. Through the programme ¢ourses we d¢liver inclyd¢ ICT retsil-b&4ed leamin& Menial Health awsreness with learning enabling participants to track the improvcmtnts of thcir progres4 new skills and krtowlcdgc and itnprovem¢DiS in their he&]th and wellbeing through etsga¥ing in courses Jnd activities. Page 4 Foresi hi Nonh East Lincoltlshire Ltd. rt of the Trustees ACHIEVEMENT ATr4D PERFORMANCE Startho Community Hub: We have developed Scartho LibrAry into a comrnunity hub, providing a much-needed facility, The f¥klity had previously been run by the local authority bui due to spending cuis had been closed for ￿e1ve months. The facility offers 8 range of opportunities to the lo¢il community in line with ¢h¢ ¢xt¢n$tv¢ Consultation undertaken by Foresight to develop the new setvice. The f8ciliiy 1$ run by voluni¢¢rs. mainly older p￿PIt who are using existing skills and d¢v¢loping new ones and have an ernpathy. built oveT the yeaT5. which give% thcjn a Strong sense of iht needs in ihe local corninynity and this is helping lo esiablish groups and aciivities which are lacklsng the lon¢lin¢ss artd isolation endured by many in the are4 which has a lar￿¥ wpulaiion of older people. The hub re-opened in Sepiertiber this y¢ar following Llosure due ￿ ihe pandemic and there is a heavy demand for 5eTvice Csmpden Community Hub: 'rh¢ hub op¢ncd in S¢pt¢mb¢r thi5 yettr followin¥ c105ure duc to the pandcmic hnd theTe is a heavy d¢m8nd for service. The hub olTer5 a programme of communiiy b&s¢d a¢iivily which ¢omba¢s w¢ial ¢x¢lu3ion and 8encrdtcs high Icvels of imprDvcJn¢nt 10 emolional and phy$ic81 health and well-being. We wtll be seeking to expand thi5 activity pmgrimm¢ in line wilh 4oJnmuniiy dem4nd and ¢xplur¢ #r¢a& fL)r incvine 8EneT41tion. Awird8: The organislltion had to cAncel the annual award¥ ¢er¢mony due to the Covid-19 paRdemi¢ Instead we hosted a speciai award5 ceremony in March 2021 to honour giaff. volunteers ond b¢neficiari¢8 who had Bone over and above for the charity diJrin8 the pandemic. li was anoth¢r Iretncndou5 o¢c&sion which truly rc¢o¥nised the outstanding ¢Olltribulions of individu&ls during thc pHndemic. The charity ci)niinues io be indebted to local org￿lsatIOnS and partners who supw>rted (he event and sp)nsor¢d ihe faniasliG array of awards. Overall there are many factors r¢l¢van¢ io Ihe achievemeni of our objectives both within and outside the ¢harity'$ control. The charity relies heavily on the ¢oniinued involvemeni of the beneficiaries and their feedback and ideas io drive fuiure plannin8. Consultation is only possible through strong partnerships with the local authority and ihe North E&s¢ LinLolnshir¢ Llini¥dl Lvmmissionin¥ Group who arc insirum¢ntal in diss¢minating infomiaiion io our u$¢r wup ond also infoming thc wider community. The charity reli¢s on th¢ ronlinu¢d $uppon of funding bodi¢s lo dcv¢lop ncw pro￿￿mme￿ and Goniinue with our exi51in8 pmgramme of work. How¢ver futur¢ stra*gy will be 10 develop n¢w servicrs across North Ea51 Lincolnshire artd 5urrouiidin¥ Arcas 8cneralin8 unre5tricied iiicoinc, which will cnablc thc or8anisation to improve sustainibi15ty and reduce dependence on fundin8 bodies. Above all the ch8riiy depends iotslly on (he ¢ommiimeni of st84ff and volunteer5. Their loyalty and drive ¢ombin¢d with effeciive team working is paramount in ihe achievement of our charitable objeciives FIYANCIAL RLVIEW Pt4ncipg1 fundlng iourcts ThE pri1icipAI fundirt¥ sttur¢e5 for the charity is by way of grant in¢ome. The ¢harity has strengthened its funding base thrnugh publ%L sector coTrtTacts and earned income and thi5 ha5 had enormous Si8nifi¢an¢¢ in terns of susiatn8bility. The ¢hArity has had ¢0 sttk funding from a mu¢h broAder group of aBcncits in order to fvnd smaller project5 delivered 10 meet it5 Charitable objeclive5. However th¢r¢ ha5 bren significant contribution in the forn of finance frorn Big Lottcry Community Fund ond other lottcry funding agencies ¢.g. Herithge IA)ttery Sp)rt EnglAnd,'l liird Sector Support Fund North La51 Lincolnshire CliniLal CommL55ioning Group. and North East Lin¢olnshire Coun¢il who ¢nsur¢d th¢ charity ¢ould continue to deliver hi8h quality servi¢e5 throughout the pandefftic. In addition we are gral¢ful to Charity Bank and SuLial Investment Business for Iheir fÉnan¢ig1 ¢un¢ribuiion whiih has enabled the expansion of our community assct basc. R¢$¢rves poIIcy Against the backdrop of limit¢d T¢SOUTces and insecurities over fundin8. It h&8 ¢Orttinu¢d to be difficult to pl&n or dcvclop 5erviccs. The iru$i¢¢s b¢li¢vc Iliai ihc tninimutn Icvel uf(h¢ EOR lih¢ 'l.m¢rgency OpLraiinK Rc5crv¢" EORI should be th¢ equivalent of twelve month5, orÈTrting costs calculated and reviewed annually and believe that ihe EOR Should bc built up to the desir¢d levcl in stages consistent with th¢ ¢harity'S ov¢dl fiDanGi41 position and its need to ainlain and develop its ¢haritabl¢ actLVlties. The resson for ihis lev¢1 15 bw4u5¢ th¢ charity has no endowment funding and is entirely dependent for income upon ¥tants, contracts and donor fundin8 from yw to year which is inevitsbly subjcct to tluctuation, and ir requires protection againsi and the ability to contirtue oper&ting dc5Plte catastrophic or lesser bui dam#kirtg ¢v¢nts. Using the operating costs ofthe current year the target free reserv¢s is therefor¢ £500,733. P28e S Foresi t North East Lincolnshire Ltd. ort of ihe Trusiees orthe Year Ended 31 Au ust 2021 Thc fiind balan¢¢$ carried forward Bt 31 August 2021 show a total of £4,093,020. A signifjcanl prowrtiott is represented by the revaluaiion of fTx¢d a55ets. Of these fund5 £110,284 are restricted funds and £2,329,467 are as a result of fixed asset rtvaluaiion. Excluding balances lied up In resiricied ftjnds and fixed asseis the charity's ￿la1 fret reservts stsftd Èt a negative £497,161. However. thi$ includes credttors after one yw whi¢h is loans for the fixed assets. Taking this out of the equation the charity would have free re5erve5 of £592,930. FLrruRE PLANS Over the next period the charity will be seekin8 to consolidate on the success of the Ctsvid-19 recovery strategy. Thi5 will b¢ arhievEd thTou¥h ¢OllStsnt prvTnolivn olour rxi5tTng aclivitics though new51¢ttC￿, OUT PartDtr5hip with North E&si Lincolnshire Clinical Commisstoning Group and further development of a range of Preventstive serviees in Itne with the d¢mands of the local health and social car¢ 5trat¢¥y. We will wntinue to work with the WEA and develop our parthership with Humber Leaming Consorttum in ordEr to maintain and extend the current learning programtne. To enhartce this, we will be seeking to develop new initiatives in linc with identified n¢¢d which will en&bl¢ our charity to significantly expand OUT service offer to meet the vocational and s￿l81 aspiraiions of our beneliciaries whilst meeting ihe aims attd objectives of our OFg2nisation. Thts 15 extreTn¢ly Érnportant a5 Wt seek Susta]￿bilIty and also en5ure5 our progrdmmes provide a high-quality service to move individuals forw8rd in life. A5 the ¢h3rity eontintses to expand, we will b¢ 5e¢kirtg to etth8n¢e ¢xi5ting proj¢¢tS And dEvelop new projects 811 aimed at raising awar¢n¢5s, ¢oTnb*ing social isolation and irnproving individual quality of life. I'hrough consultation we have deterniined ihe need to develop a new centre for the delivery of day $¢tvi¢¢ provision within North Lincolnshire. The h?ve identifjcd a locatiorl on Cr05by Road which 15 in the centre of ihe town of Scunthorpe aDd have cgmtni55i0n¢d a developer to commence wilh the building projeci and we envisa¥e the building will be complete early 2022 when we will ¢otnmen¢e a high profil¢ publicity campaign to ¢xpand our offer to disabled ptopl¢ within Fyorth Lincoln5hir¢ During the year w¢ will be s¢¢king to ¢xpand on our outdooT artivity ¢¢ntrr through esiablishirtg 0Tr-5jt¢ ccommodation that will rneet both identified needs and develop a new arn to the busincs5 - Activity short br¢ak5 for people with disabilit1¢5 and the wider community. Transwrt lo and from the site using F0Te5ight mini buscs will be available as an additional service. W¢ intend lo work with p8Jtners acr055 the Yorkshire and Lincolnshi￿ Tegion a5 it h2s bccn identified there 15 a rral shortage of K5pile pivvision. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charitv 15 controll¢d by its gov¢ming d￿U￿)ent, a d¢¢d of trust, and ¢onstittttes a limited company, limited by guarantee, as dcfined by the Companies Act 2006. Re¢TUltment Ind appointmeni of new intstees N¥w ITU51ee5 are recTUlted io meet the ne¢ds of the organi5ation, particularly to ensure the or¥anisaiion has adequate T¢presentation from the user group, the partner organisations from the wider ihird sector #nd publi¢ bodies. The organisation also endeavours 10 have ¢qu21 g¢nder representation on the board of trustee5. All prosp¢ctiv¢ tru5t¢es ar interviewed by an existing tN5t¢t panel prior to appointment. This trustee outlines the duties and responsibilitl¢5 of a tru5t¢¢ &nd the expectatiotts of the organisation. They report thesr fjndings and rewmmendations to the fllll board of trustces who th¢n vote on the appointment. Orggnisations15trutture The Org￿]Sation ¢mploy$ paid staff who are dele8ated responsibility for d¢ci5ions affe¢ttttg the day-io-day management of the organisation. Overall responsibility foT the day-io-day tnanagement of the organisation rests with the Chief Offi¢er who will defer to the irnstees when deemed necessity. The organisation will appoint managers1 coordin&tor5 for speciFi¢ projrfts and th¢s¢ ittdividuals will take responsibility for their manag¢m¢nt. reporting back to thc Chief Offjcer and ultirnately th¢ board of tru5t¢¢5. All major d¢¢isions with rcgard to funding, appointment of new staff. disciplinary and major spending are undert2ken by a repTe5entative body of trustees or ihe full board. The board of tnLSte¢s have appointed trustees who take resrK)nsibility for statTing, finance. health and safety and building maintenance. The currenl Chief Officer of the organi%3tlOn 15 Mr. P Silvester, employed by the QTganisation in july 2003 and other senior mAnagers are Mr. A Wilson, Finance Officer and Mrs. J Bingharn & Mrs L B2rt1¢t¢ Joint Projects Manager. In total. the OTganisation employs 12 full time staff. 17 part time staff 2nd ? Apprentices. Page 6 Foresi hiNo h E Lit)colnshire L Re ort of the Trustees d31 Au U5t STRIICTURE, GOVERNANCE AND MANAGEMINT Induction tr#lning of new trustees New trustees can b¢ ¢O•OPted onto lh¢ Kov¢ming tx>dy by the exi5tirtg bo8rd of trusiees at ally lime. However, this appointment has to be verified by the full Jn¢mber$hip at the Annual General Meeting. Ai the Annual Gerteral Meetitl8 any retiring t￿slee ]llay bc re-&PPDinted unless a resoluiion for re-appointment is put io the m¢¢ting and lost. All new trustees are presented with a comprehensive induction po¢k, whi¢h include5 a trustee's agreemen¢ job d¢scription. person specifjcation, a guide 10 becoming a trustee and rclcvAnt organ15ational intonation. Jn addition ail truste£s must cumpl¢i¢ a LuntliLt L)f inl¢T¢5ts r¢¥is1¢T. The organisa¢ion has a policy of providing traininB S¢5sions for boih new and ¢xisting trustees. All trustees are offer¢d troining in trustee role5 and responsibilities and managing community buildings. In addition. All ¢rustees are offered the sam¢ training opportunitics as th¢ paid $iaff. It is th¢ policy Df the or8anisAtion lo WO￿ closely with lo¢￿ providers ensure all ¢rus*¢s have high qualily training made Available to them. Key m*n*gtmeni r*muner*tiuo The followinb7 are ¢onsideTed key mana8ement personnel and their band of remunerntion5 for the accounting period aye disclosed as under. Chief oific¢r-.£40.000-.£49.999 FinanLe OfficeT- £30.000- £39.999 Projects M8nager- £20.000. £29.999 FH¢ilili¢5 MHnag¢r. £20,000- £29.999 REFERF.NC.F. AND ADMINISTRATIVL DETAILS Re&istered Compiny number 04278151 (England and Wal¢sl Registered Charlty number 1095120 Reilstered offlc¢ 60 Newmarket 5ireel Grimsby N E. Lincolttshire DN32 7SF Trusteei K A Fuller A N J¢witt MsJLea WJMKing P B Blcnd¢ll c. s roystcr PEBrdy Ms J Hkgu¢ R E Shepherd Ms S J Moffis P Nicholl$ Ms J Northen Company Secretsry A Wi15011 Page 7 Foresi incolnshire Ltd. Re ort of the Trustecs f rthey rEn ed31 Au ust 2021 REFERENCE AND ADMINISTRATIVE DETAIts Auditors SKS Audit LLP 3 Sheen Road Richrnond Upon Thjmes TW9 IAD AUDITORS The audilorg, SKS Audit LLP, will be propos¢d for T¢.Apwintment at the forthcoming Annual General Meeiirtg. Th1$ report hag been prepared ITh accorda¢)¢e with the specyal provi$ions of Part IS of rhe Companies A¢t 2006 relatin8 to small compani¢8. Approved by order of the ix)4rd of trustees on ... . &nd signed on its behalf by.. 2)..,08.zi KAFull - Trnstee Pag¢ 8 Foresi North East Lincolnshir¢ Lt Statement of T tee 'Res fort Y rEnded31 Au ust 20?1 The trusttrs (who are also the directors of For¢$ight North East Lincolnshire l.td. foi the p￿r￿Se5 of comp#ny lawl are responsibl¢ for preparing the Report of the Trusi¢¢s and the financial staternents in aLwrd3nLe with applicable l&w and United Ktngdom Accounting S12rtdard$ (Uniied Kingdom Generally A¢¢epied Accounting Practi¢tl inclijding Financial Reporting Standard 102 "The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland" CoTnpany IF4W requires the tru5te¢5 to PT¢par¢ fioan¢ial statements for each fin￿¢701 year which give a tN¢ and fait view of the state of affairs of the charitabl¢ wmpany and of the incoming r¢sourccs and application of r¢sourc¢s. including the income and expenditure. of the charitable ctsmpany for that period. In prepaTing those f1nancial statemettts, the trustee5 requir¢d select suitsble accounting w>li¢ies and then apply them con5lSt¢ntly* obs¢Tve the methods and principle5 in the Chariti¢s SORP 2019 IFRS 102}: make judgements and estimates that are reasonable and prudent., pr¢paFe the financial statetn¢nts on the going ¢oncern b&sis unless it is inappropriate to presume th&t the ¢hAritabl¢ company will Corttirtue in business. The trustees are responsible for keeping propeT a¢¢ouniin8 records which disclose with r¢8son8ble accuracy at time th¢ financial position of the charitable company and to enable them to eDsure that the financial statements comply with th¢ CoTnpanies Aci ?006. They are also respoll5ible for safeguarding the assets of the charitable company and hence for taking Teasonable steps for the prevention and detcction of fraud and other irregularities. In so far 0$ th¢ trustees are aware: Ihere is no relevant audit inforfflation gf which the charitable company'5 auditots are unaware: and the trustees have taken all steps that they ought to have taken ro make themselves aware of any relevant audit infortnation artd to estsblish that the auditors are awar¢ of tha¢ irtfomation. Pag¢ 9 rt of the Inde end¢nt Auditors to the Members f Fortsi ht North si Lincoln5hir¢ Ltd. Opinion We have audited th¢ financial ststements of Fo￿51ght North East Lincolnshi￿ Ltd. lthc charitsblc cornp&ny'l for the y¢ar ended 31 August 2021 which COTnprise the Stalem¢ni OF Financial Activities, th¢ Statement of Financial Position. the Statement of CL%h Flows and notes to the financial slat¢mens. including a Summary of signific4nt atcountTng tM)licies. The finanrial rporting frdmework that has been applied in their preparation is applicable law and Unit¢d KiD¥doTn Accounting Stsndards (United Kingdom Genernlly Accepttd Accounting Practice), includin8 Financial Reporting Standard 102 The Financi￿ Reporting Standard applicable in the UK and Republic of Ireland,. In OUT opinion the fI￿ancial st21emen¢s: givc a truc and fair view of the state of the ¢haritabl¢ company's affairs &5 at 31 August 2021 and of Èts incoming resouTces and application of resources, irtrluding it5 income and expenditure. for the year then ended. hav¢ been properly prepared in accordance with United Kingdotn Generally Accepted Aceourtting Prnctice, includingk Financial RetM)rtin¥ Standard 102 'The Firtancial Reporting Standard applicable in th¢ UK and Republic of Ireland,; and have been prepared in accordance wtth th¢ r¢quirem¢nt5 of the Companies A¢t 2QO6. Basis for opinion 'e conducted our audit in accordance with International Standards on Auditing IUKI IISA5 IUKI) and applicabl¢ law. Our Te5ponsibilTlies under those Standards are fiJrth¢r describcd in the Auditors, reswnEibilitie5 for the audTt of the rinancial 5tat¢ments section of our report. We are independent of the charitable companv irt aC¢OTdanc¢ with the ethical r¢quir¢tnent5 that are relevant to our audit of the financial sraiements in the UK, includin8 the FRC'S Ethical Standard, and wt have fulfilled our oth¢r ethical responsibilities in 2ccordan¢¢ with ihese requirements. We beli¢v¢ that the audit evidence we have obtsined 15 SUtTicieni and appwpriat¢ to Provide a b&sis for our opirtion. Contlusions rel8ting to going ton¢¢rn In auditing the financial statements, we hav¢ concluded that th¢ tru5tee5' use of the 8OIrt8 ¢ott¢ern basis of accounting in the preparation ofihe finaE]ciaI stattments is appropriat¢. Based on the work we h2ve perfonned, we have not identificd any material uncertainties relating to events or conditions thaL individually or collectively, may significant doubt on the ¢haritabl¢ company's ability to Continue a5 a going ¢on¢¢rn for a period of at Iwt twelve months from whert the financial statements ore auth0ri5¢d for issue. Our responsibilities and the reswnsibilities of thc tru51e¢s with Tespeci to going concern are descriw in th¢ r¢l¢vant seclions of this report. Other lrtformation Tht trusiecs are responstble for the other infonnation. Th¢ other information comprises the infomiation included Tn the Annual R¢poT¢ other than the financial statemertts and OUT Report of ihe Irtdep¢Ddent Auditors thereon. Our opinion on the finan¢ial statements do¢$ not covcr the other ittformation and, except to the extent otherwise expliciily stated in OUT report. w¢ do not expres5 any forni of a55uranc¢ conclusion th¢reon. In conneeiion with our audit of the financial statem¢nis, our responsibility 15 to read Ihe olh¥r infvTtnation ￿d, in doing 50. consider whetheT the oiher information is materially inconsi5t¢nt with the financial statements or our knowledge obtained in the audit OT Otherwise appears to be maieTially mi55tat¢d. If we identify such rnat¢rial inconsistencie8 or apparertt That¢r2al misstatement5, we are requtred to detemiine whether this giv¢5 rise to a material misst2l¢Tn¢nt in the fina￿cial statements thetns¢lves. If, b&sed on the work we hav¢ performed. we cottclud¢ that there is a material misstateTn¢nt of thi5 other inlortnation, we are reqvir¢d to Teport that fact. W¢ have nothing to report in ihis r¢gaFd. Opinion5 011 other m4tter5 prescribed by the Cotnpanie9 Att 2006 In our opinion. based on th¢ work uftdenak¢n in ihe course of tht audTt.' the infomialion given in ihe Report of the TTUSt¢¢s for the financia] year for which the fxnancial statements are prepared is consistent with the fjnancial statements., and the Report of the Trustees h&s been prepared itt accord￿nce with applicable legal requireznents. Page 10 rt of ihe Ind end¢ hi North East Lincolnshire Members of Matters on which we are required to report by exeeptioa In ihe lighi of the knowledge aDd undeTStandin8 of the charitable company And its ¢nYironment Obtsin￿ in the ¢ours¢ of the audiL we hav¢ not identifjed material misstalements in the Re]x>rt of the Trustees. Wc hav¢ nothing to report in respect of th¢ following m8tt¢r$ wh¢r¢ the Companie5 A¢t 2(M)6 Tequjres lis to report to you if. in our opinion.. adequate accounting records have not been kept or returns &dequate for OUT Audit hav¢ not been received from branchcs not visited by us: or the financial siaiemenL% are not in agr¢emeni with the accounting record5 and Teturns,. or ¢¢rtain disclosures of trust¢¢s' retnuneration specified by law are not made,. or w¢ have not received all the infonnation and explanations we requir¢ for our audit: or the Itwsiees werc noi enlltled 10 take advania&e ot'ihe srnall cornpanie5 exemption from lh¢ requirement to prepare a Siraiegic KeFK)rt or in preparin8 the Report of ihe Tru5tee$. Re5pon5ibilltle5 of trn$t¢¢g As explained mor¢ tully in th¢ Sta¢¢m¢nt of Tru5tees' Responsibilities, the trust¢es Iwho are &lso the dire¢iors of the Charitsble cnrnpany far the purpo%c5 of company law) are responsible fnr the Preparation of the fin8ncial staternent5 and for being saiisfied th41 th¢y giv¢ a Iru¢ ¥rtd fair view. and for such internal conlr()l a5 th¥ Iruglees d￿erni1￿e is nEces5ary to enable the prepOTAiion of finan¢iRI statements ihat Are free from materiAI missi&¢¢meni, whether due to fraud or error. In preparing th¢ financial statement&. the tTUStees Ire respcsnsible for ass¢s$in8 rhe ch&ritable ¢ompany's ability to continue lls a going concern. diwlosing. as applicable. matters related to goin¥ ¢on¢em and using the goin￿ ¢one¢r basis of accounting unless the tTU51ces ei¢h¢r intend 10 liquidate the ch8ritable company or 10 ¢¢&se operations. or have no rcalistic alt¢rnAtiv¢ bul io do so. Pag¢ 11 rt of the Inde ndeni Auditors ty the Mem Foresi ht Nonh Easi Lin¢olttshire Ltd. Our ￿P(In$1b]I1tie$ for the audit of the finanti#l $titcrnents Our objectives are to obièin reasonable &85ufdnce about wheth¢r the financial Statements as a whole are free frtsm material Tnissiatement, whether due to fraud or errtsr, and to issu¢ a Report of the Tndependenl Auditors that includ¢5 our Op1￿10￿. Reasonable a55urance is 2 high l¢v¢l of a55urance, but is not a guararttee ihai an audit conducted in accordance wEth ISAS (UK) will always deie¢t a material inisststement whet) it exisis. Misststements can 4ri5e fro fraud or enor and are considertd material if. indikidually OT In th¢ aggrcgate. they could reasonably be expected to influen¢E the ECL)noThic decisions of users taken on th¢ basi5 ofthe5¢ flnancial statements. ITr¢gularitle5, including fraud, are tngtante5 of non-compliances with laws and regulÈtiolls. We desi8rt proeedure5 in lin¢ with our re5Fvnsibilities. ouilined above. to detect material mi55ratements in respect of irregularities, in¢luding fraud. The ext¢ni to which ourpror¢dure5 are capable of d￿e¢litt8 irregularities, ill¢ludiDg fraud 15 d¢tailcd below: Dis¢ussi0rt5 were h¢ld with. and enqutries made of, manag¢m¢nt and those charged with governance with a vi¢w to identifying those law5 and regulatlOn5 that could be expected to hav¢ a material irnp￿t on the fJnan¢ial 5tatetnents. During the engagement team bri¢fiRgt the outcome5 of these dskussion$ and ¢nquiri¢s WeT¢ shaT¢d with the team. & well as ¢oosid¢rntion as to where and how fraud may oc¢ur in the entity. The following laws and regulations were identified as being of significance to the entity.. Those l¥ws and ￿gulatIonS eonsidered to hav¢ a direct etTeci on the financial stxtrments in¢lud¢ UK fin￿¢￿al r¢portiDg 5tandard5 SORP 2019. Charity Act and P¢nsions le8islaiion. It is considered thai there are no laws and r¢¥ulalion5 for which non-complian¢e may be ￿ndamental to th¢ operatirtg aspect5 of th¢ business. Audii proceduTeg undertaken in response io the potential risks relating to irregularities (which includ¢ fraud and non compliance with laws 2nd Tegulationsl ¢omprTsed of.. inquiries of manaoement and those charged with governartc¢ as to whether th¢ tnlitv complies with ststh laws and regulations: ertquiri¢5 WTth the same concerning 2rty &tual QT Potential litigation or claims., inspection of relevant le8￿ ¢OTresFK>ndencc.' review of board rninute5- testing the appropriatetjess of entries in the ttomirtal ledger, including journal ¢ntrie5: reviewittg transaction5 around thc end of the r¢portin¥ period,. and the performance of analyti¢al procedures to identify uncxpect¢d movements in account balances which mty b¢ indicaiivc offraud. No insthnces of mat¢Tial non-compliance were identified. However, the 1￿ke1￿hO0d of detecting irregularitie5. including fraud, 15 IiTnEted rhe inherent difficulty in detecting irregulariiies, the eff¢ciiveness of (he enitty S COntro15, and the naiure. timing and extent of the audit procedures perfortned. Irregularities that result from fraud mighi be inherently more diffi¢ult to detect than irregularitie5 that result from error. As cxplained above, there ts an unavoidable risk that tTLaterial mi551atements may not be detected, even though the audit has been planned and perfomied in accordmce with ISAS IUKI. A further des¢ription of our re5ponsibil2ties for th¢ audit of rhe f2nan¢ial statEments ss located on th¢ Financial Reporting Council's website ai MWv.frc.org.u￿audit0rsreSponSibl]itI¢$. Th¥s description foms part of our Report of the Independent AuditOT5. Use of our report This re￿rt 15 made solely to the charitable company'5 members, as a body. in accordance with Chapter.1 of Part 16 of the Companies Aei 2006. Our audii work ha5 beett undertaken 50 Ihal wc mib)hi 5tal¢ to the charitable company's members those matter5 we are required to state to th¢m in an auditors, report and for no other purpose. To the fullest ¢xt¢nt pernilled by law, w¢ do not ac¢ept or assume responsibility to an}one oiher than the charitable company and the charitable company's members as a body. foroJraudit work, for this report, ot for the opinions we have formed. JAMES FOSKErr IS¢nior Staiutory Audiiorl for and on behalf of SKS Audit LLP 3 Sheen Road Richmond Upon Thame5 I'W9 IAD Dale.. Page 12 Foresi hi North East Lincoln Statement of Financial Activitie for hey rEnd U5t ?O?I Unr¢stricted Revaluation Funds Reserve Re5tritted Funds Notes 2021 2020 Intorne Domttons artd lewie5 458.152 36.661 494.813 96,606 from charitable actiwiti¢s 729J73 729,373 470.535 Income from other (rading *ti%ryties 43,172 43,172 53522 In￿stMent income 95.896 95.896 120.491 Other incom¢ 113.532 113.532 261.642 Total incom¢ 1.440.125 36.661 1476,786 1002.796 EI￿nditure Cosl of T￿sing fwmts 68,476 68,476 170237 Expendiiwe on Charitable activities 711,529 109,121 820,650 807,432 Other 2.003 Total eippDditure 780,005 109,121 889,126 979,672 Net income l {¢xpeDditure) & net movements in funds before galtts & lo$se$ on investments 660,120 172.4601 587,660 23,124 GaitL8lllosses) on revaI￿lon of fixed &55ets 33.150 33.150 Net mowement in funds 660,120 33.150 (72,460) 620,810 23.124 Transfer5 fillJ&s 21 371,856 1371.8561 Reconciliaiiort offuprds Total fimds, brought forward 21 621,293 2296,317 554,600 3.472210 3,449,086 Total funds. carritd forward 110284 4 093.020 3472210 The Statement of Finall¢¥al Activities a150 complies with the reqlliremcnts oran tncom¢ and expenditure a¢¢ount under the Companies Act 2006. All aniounts T¢late to continuing activities of the ehariiable cornpany. Th¢ Stsiem¢tti of Finaneial Activities in¢ludes all ¥ains and Ios5e5 r¢¢ognis¢d in the ye&r. The notes to the accounts aT¢ shown on pages 17 to 28. Page 13 Foresi ht North Easi Lineolnshire Ltd. Statement of Financial Posi 31 Notes 2021 2020 Fixed assets Tanwble fixed a55ets In￿stmeN proFrty 13 4,587,377 14 825.000 3.844,673 825,000 5,412.377 4.669.673 Current assets Debtors C￿h at bankand in ha￿d 15 429.806 1.436,419 630,484 701,645 1.866.225 1.332.129 Lixbiliti¢$ Creditors f￿lIngdUC wthin one year N¢t eurr¢nt assets 16 (979.375) (324.6351 386.850 1,007,494 Creditors fallin8 due after one year 17 12,2062071 12.204,957) Net assets 4.093.020 3.472210 The funds of the ch8rity Unresiricted ful￿￿. General ReTr￿Uation Reser Re5tTicied fun&8 21 21 21 1,653269 2.329.467 110,284 621293 2296.317 554,600 Total charity fuNd5 4,093 020 3,472,210 The Trustees hav¢ PTtpar¢d the finttnci￿ statemen¢s in accordance with S¢¢tion 398 of the Companies Act 2006 and Section 138 of th¢ Charitle5 Act 2011. These financial ststemenls are prEpar¢d in aLcordan¢¢ with the special pmvisions of Part 15 of the Cotnpani¢s Act relatittg to Small companies Ind constitute the xnnual accounts requiied by the Companies A¢t 2006 and are for ¢irculation to membe*¥ of the company. The fin nts were approved by the Board of Tru5tee5 and authori$¢d for i55ue on and were si8rted on its b¢half by.. 2.3.og.11 KAF er- Trustee Page 14 Foresi hi North East hire Ltd Statetnent of C2sh Flows e Year Ended 31 Au ust or 2021 2020 Not¢$ CAsh flows from operatlllg activities C&h generated from operatio Inierest pwd Intcrest el¢rnent of hire pwckne and finankE lease renia] PZ>rynents Net eash g¢n¢rAt¢d from l used in operating activitie5 958,442 (61,869) 75.584 {62,871) 948 11,765 896.573 Cash flow$ from iDvesting 8Ctiviti¢s Purch&se of tangible fixed assets Interest reCeI￿d {831,580) 2.742 1460,025) 5,083 C￿h Pro￿ded by investing attivitie5 828.8381 454,942 C￿h Ilows from Ilnancing activities New loans in year Loon rtwm¢nt in year Capita] rerAyment inyear 820,000 (152.961) 447,200 15.590) Cash proTrided by investing aCtI￿lIeS 667,039 340,497 rease io ¢ash & cash equI￿entS in the year 734.774 02,680 Cash& c&%h eqUI￿]ents at the tK8irnung of the year 701.645 504,325 Total rash & c￿h equivalents at the end of the year 1.4.36419 701.645 Page 15 Foresi hi North E t L.. In5hiTe Ltd. Notes to the Statement of Cash Fltsws QT the Year Ended 31 Au RECONCILIATION OF NET INCOME TO NET CASII FLOW FROM OPERATING A(TIVITIF.S 2021 20211 Ncl MO￿l￿ent in fuiid5 Add Lwk depreciation Dedu¢1 Itrter¢$l recei*d Interest paid Interest el¢m¢nt of hire [￿ch￿ Ica5c rcnt4J payments Impwremeni of flxed &%sets Oiher$ Decrea4¢ 1 lincre&s¢l in stock Decr¢&%e I linCre￿e) in de￿or$ In¢r¢as¢ I Id¢¢r¢&sel in ¢r¢ditor5 620.810 122.026 12,7421 61.869 23.124 117.34Q 15,08.11 62.871 948 12,0031 37,114 3,847 1191.5781 211 ()95 2,720 135,8701 200.678 tt t*h generated from l uied In opcr•¢lng a¢tlvltleJ 958.442 75,5114 ANALYSIS OF CHANGES IN NET DEBT At 01.09.2020 Cuhllow At 31.08.2021 Net C.x5h C￿h at bank and in hoTrJ 701.645 701.04S 734,774 734,774 1.436,419 ,436,419 Debts Debt5 faJlin8 du¢ Mrythin ye8r Debts falling due after one ye 1206,542) 2.204.957 12Jl 1.499) {665.7891 {872.3311 2.206 207 {3.078J381 {6670391 TotAI 54 ,642.119 Page 16 Foresi ht North Easi Lincolnshire Ltd. to he Fin tat¢rneHtS for thc Ycar Ended 31 Au usl 7021 AC.COIJNTING POLICIES BASISOF PREPARING THE FINANCIAL STATEMENTS The accounts Ifjnancial Stslementsl are prepared in sterling, which is the funaional ¢uffen¢y of the charity. Mon¢tary Amount5 in th¢s¢ financial statements are rounded ￿ the nedre5t £. Th¢ financial sial¢m¢nts of the ¢harii2bl¢ ¢omparty. which is a publi¢ b¢n¢fil entity und¢r FRS 102. have bttn prepared in accordance with the eharilies SnRP IFRS 1021 'Accounting and Reporting by C.hari11¢5.' 8tsiem¢nt of Recommettded Pr8ttic¢ applicable to charities pr¢paring their accounts in accordanc¢ with the Financial R¢portirt¥ Standard applicable in the UK and RepubliL of Ireland IFRS 1021 leffeciive l January 20191,, Financial Reporting Standard 10? Tre Fin8n¢ial R¢porting Standard applicable in the UK and Republic of Ireland, and the Companie5 Act 2006. The financial sts¢menis have b¢¢n pr¢rAr¢d und¢r the historic￿ tr4Jst convention. as modified by the revAluation of certain assets. PRLPARATION or ACCOUNTS ON A GOING CONCERN BASIS The I'li#rity'% Finoncial 8ialemen15 show n¢1 income of £62Q,81012020.. £23,123) for th¢ year and fre¢ r¢serv¢s of £592.930 12020.. £231.3141. The tru5t¥e5 are of the view that thcse results have s¢cU￿d th¢ immcdiatc future of the Charity for the nex¢ l? to 18 months and on this basis the Charity is a 80in8 concem. INCOME All in¢ome is r¢¢ognised in the St0￿ment of Finan¢ial Aclivitj¢5 once the charity has entitlemeTri to the funds. it IS Probable that th¢ iD¢om¢ will bc rcceived. and the amoun¢ can b¢ measurcd rcliably. lal In¢ome i¢¢eived by way of 8ranis, donations ind legacies is included in full in ihe St8iement of Financial Activities when r¢¢¢ived. unless they rel8ie ro o sp¢¢ified futurc period, in which case they 8re deferred. Ibi Leyacies ¢niiil¢menl is thken 8$ ihe earlicr of the date on which either.. Ihe charity is awire thtti the probate has been yr8ni¢d, the ¢$￿¢e h&q beett finAli5ed and noiific81ion h8$ been made by the execuiorlsl lo the Charity thai th¢ distribution 1$ made, or when a distribuiion 1$ received from the estate. No1¢8gcies were received duritt8 thc y¢ar. Icl Income from ¢haTitAble aciiviti¢s rw¢iv¢d by way of revcnu¢ 8rants donations is credited lo restri￿ incornin8 re8ourte.4 on the earlier date of whcn they are re¢¢tv¢d or when they are receivabl¢, unl¢$s they rclate lo a specified fulure period. itt which case they are deferred. Idl Gran15 and donations of 8en¢r81 naitsr¢ which are not conditional on delivering ¢enain levels of service &re Included as part of c)ran￿ Donations ond Legacies 85 shown under note 2. Perfomiance relaied 8ranis and donations whi¢h have condiiions for a specif2¢ outcome are include In¢omt from Charitsble A¢iiviiies as shown in Note 3. Icl Capital 8ran¢s for the puKhas¢ ot-fixed asseis are ¢reditcd to resiri¢i¢d in¢oming resources on the earlier date of when they ore received or Teceivable. Lkprcciation on the relatcd fixed as5els is Charged against the restric*d fund. {Q Incom¥ from chsriiablc activities include5 inLome r¢iv¥ni&¢d as L'amed l¥$ th¢ related ¥wd% services Are provided) undercontract, in the fonn of iraining inctsme and sale of resources. Igl Investment income 15 2nclud¢d when Teceiv8bl¢. LXPENDI'TLIRE Liabilitie5 are reco8nised as expenditure a5 5(K>n a5 there is a legal or constrvclive obligation committin8 Ihe charity io th4t expcndilure, il is probable that ? tTall5feT of economiG bcn¢fit5 will be required in settlement and thv amounl of the obli¥olion Lan be mcasurcd reliably. Exp¢nditure is aLLounied for on accruals ba&is and ha5 been classified und¢r headings ¢ho1 aggTeg8te all ¢ost related 10 the ca*gory. Whcre costs cannot b¢ dir¢ctly attributed lo particular headings they have beets ￿loCated to activiti¢$ on a basi5 COtisisi¢ni with the use of r¢sour¢¢5. Pag¢ 17 continued... Foresight North East Lincolnshire Ltd. Notes to the Financial Statements - continued for the Year Ended 31 August 2021 ## **1. ACCOUNTING POLICIES - continued** ## **TANGIBLE FIXED ASSETS** All fixed assets are recorded initially at cost. Freehold property is included at open market value and updated on a regular basis by an independent chartered surveyor. Each year, Trustees review the valuations in order to identify if any impairment is due. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property 4% on cost Long leasehold 4% on cost Plant and machinery 20% on cost and 33% on reducing balance Fixtures and fittings - 33% on cost and 20% on reducing balance ## **INVESTMENT PROPERTY** lnvestment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ## **TAXATION** The charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **DEBTORS** Trade and sundry debtors are recognised at the settlement amount due. Prepayments are valued at the amount repaid net of any trade discounts due. ## **CREDITORS AND PROVISIONS** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **CASH AT BANK AND IN HAND** Cash at bank and in hand includes cash and short term cash deposits. ## **FINANCIAL INSTRUMENTS** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **JUDGEMENT AND KEY SOURCES OF ESTIMATION UNCERTAINITY** In the application of the company's accounting policies, the charity is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. continued ... Page 18 ## Foresight North East Lincolnshire Ltd. ## Notes to the Financial Statements - continued for the Year Ended 31 August 2021 The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## 2. **DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**|| |---|---| |Donations
Grants|**Unrestricted**
**£**
3,083
455,069
**Restricted**
**2021**
**£**
**£**
3,083
36,661
491,730
**2020**
**£**
1,145
95,461| ||**458,152**
**36,661**
**494,813**
**96,606**| Grants received, included in the above, are as follows: ||**Unrestricted**|**Restricted**|**2021**|**2020**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| |Sports England||16,615|16,615|| |Project NELC Befriending|25,000||25,000|25,000| |Humber Sports Partnership Ltd|3,454||3,454|3,256| |Football Foundation||686|686|1,700| |UFI UK Online|44,269||44,269|5,503| |Mercers Trustee Grant||4,960|4,960|| |Key Fund||||43,001| |Access Research Fund||14,400|14,400|| |SIB Ltd - Resilience and Recovery Fund|180,000||I 80,000|| |North East Lines Grant|47,000||47,000|| |Young Person Scheme||||5,000| |Covid-19 Response Grant|40,125||40,125|| |Smart Energy GB Project|17,451||17,451|| |CafBank- CafResilience Fund|15,171||15,171|| |Rank Foundation - DCMS Grant|15,000||15,000|| |Will Charitable - Grant|10,000||I 0,000|| |National Lottery Heritage Classes Grant|10,000||10,000|| |Main Grants - Disability Action|8,692||8,692|| |Bishop Grosseteste - Grant|7,990||7,990|| |Other Grants < £5,000|30,917||30,917|| |Place to ride||||12,001| ||455,069|36,661|491,730|95,461| The donations and legacies in 2020, totalling £96,606 consisted of £39,904 attributed to unrestricted funds and £56,702 to restricted funds. Page 19 continued ... Fore51 ht North E&8t Lincolnshire Ltd. the Financi I Stat¢mtnts- continued for the Year Fndtd 31 Au ust 2021 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restritted 2021 2020 AppeAls and don&tiot Renlal incotne Insurancc Cl&m Roorn hire Minster RO￿ char8es ConlrxtLHI income from go*. S&le of goods 17J27 108,315 329,155 47,718 84.489 82,122 27 729.373 17.527 168,335 329.155 47,718 84.489 82,122 27 729373 28.852 176,791 130,260 1,795 71,680 56,950 4,207 470.535 Income from ¢harilable activities in 2020. loialling £470,525 werc aitributcd to unrestricted funds. Insurance claim re¢¢ived for reinstaiemenl of Stanley Street property which was damaxed by fire. 4. OTHER TRADING ACTIVITIES Unr¢$trl¢ted Re$trlet¢d 2021 2020 Café Th¢ Warehouse 174 42.998 43.172 174 42.Q98 43.172 14,607 53.522 Incom¢ from oih¢r Ir4din8 a¢tivitle8 in 2020, to¢allin8 £53,522 wcrc attribulcd to unr¢stricted funds. I. INVF.sfMENT INCOME Unrestrieted Restrlct¢d 2021 2020 Rents receI￿d Solar f¢ed in t8riff inierest inlerest 78,000 15.154 942 1.800 95.896 78,000 15.154 942 78.000 37,40B 1.800 120491 95.896 Income from inv¢5tment5 in 2020, totallin& £120,491 were attributed ILI unre5trided funds. 6.OTHER If4coME Uhr¢$trieted Restricted 2021 2020 BLLsine$5 SIJPIXFrt ￿ant CIRS wartt Ki¢kstart Schetn¢ grant 3,143 93,743 16.646 113,532 3,143 144,469 93,743 117,173 113,532 261,642 Other income in 2020, lothlling £261,642 were attributed to unrestricted fynds. Page 20 ntinued... ## Foresight North East Lincolnshire Ltd. ## Notes to the Financial Statements - continued for the Year Ended 31 August 2021 ## 7. **RAISLNG FUNDS** |**RAISLNG FUNDS**||||| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**2021**|**2020**| ||**£**|**£**|**£**|**£**| |**Raising Donations and Legacies**||||| |Wages expense|42,690||42,690|47,390| |Telephone expense|12,366||12,366|6,200| ||55,056||55,056|53,590| |**Other Trading activities**||||| |Purchases|2,308||2,308|19,285| |Staff costs||||39,680| |Office and premises expenses|7,714||7,714|20,360| |Adwrtising and Promotion||||893| |Depreciation on tangible fixed assets||||33,109| |Other expenses|57||57|53| |Telephone expenses|3,341||3,341|3,267| ||13,420||13,420|116,647| |Aggregate amounts|68,476||68,476|170,237| ## **8. CHARITABLE ACTIVITIES COSTS** ||**Unrestricted**|**Restricted**|**2021**|**2020**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| |Direct costs (Note 2)|679,782|109,121|788,903|734,490| |Support costs (Note 3)|17,402||17,402|57,563| |Governance costs (Note 4)|14,345||14,345|15,379| ||711,529|109,121|820,650|807,432| |**Directcosts(Note 2)**||||| |Wages|203,588|58,363|261,95 I|2 I 8,988| |Office and premises expenses|143,722|1,761|145,483|183,570| |Depreciation of fixed assets|122,026||122,026|I 17,350| |Insurance|48,606|1,290|49,896|3,885| |Interest payable on loans|56,989|4,880|61,869|62,871| |Direct material costs|10,302|37,508|47,810|33,520| |Travelling expenses|95,574|2,896|98,470|17,610| |Postage and stationery|12,978|484|13,462|13,454| |Subscriptions|7,352|342|7,694|7,907| |Sundry costs|2,045|1,597|3,641|6,374| |Fire Damage||||45,261| |Bad debts (recovered)/written off|(23,400)||(23,400)|23,700| ||679,782|109,121|788,902|734,490| The charitable and total activities cost in 2020, totalling £807,432, were attributed £593,827 to unrestricted funds and £2 I 3,605 to restricted funds. Page 21 continued ... ht North E8St Lincoln5hiTe Ltd. Notes to the Financi&l Statements- continued for the Year Ended 31 Au ust 2021 SUPPORT COSTS Unrestritt¢d R¢stricted 21121 2020 Sup￿Tt co$t5{Note 3) LEgal at¥J professional B•k charges 13,648 3,754 17.402 13,648 3.754 17.402 47,290 10.273 57,563 GOVer￿nCe ¢ost$ {Note 4) AcCo￿t￿cY fees AL¥JitOT5' remuft£ratÉott Other fees 5,440 8.5.10 375 14,345 5,440 8.530 375 14,345 6,081 9204 94 15.379 io. NET INCOMEI(EXPENDITURE} Net incom¢Jl¢xp¢nditO]El is ststd after ¢horginsl{c￿dltirt%l'. 2021 2020 Auditors, remuneration Depreciation- 0￿£d &ssets Accountancy fees 8.530 122,026 5.440 135996 9.204 150,446 6.081 165.741 ii. TRUSTEES, REMUP4EK4TION AD*D BENEFITS There was no trustees, remun¢Rtion or other bettefits for the year endd 31 August 202112020.. £Nil}, save there are Relat¢d Party Disclosures as disc105ed in Note 23. TRUSTEES, EXPENSES Ther¢ w¢r¢ t)0 ttwstccs. ¢xpenscs paid for th¢ year ended 31 Augu5t2021 nor for the yew ended 31 August 2020. Pag¢ 22 ¢onlinued... ## Foresight North East Lincolnshire Ltd. Notes to the Financial Statements - continued for the Year Ended 31 August 2021 ## **12. STAFF COSTS** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |Wages and Salaries|315,961|311,559| |Social security costs|16,142|14,926| |Pension|5,151|8,102| ||337,254|334,587| The average monthly number of full-time equivalent employees (including casual and part-time staff) during tbe year were as follows: |The average monthly number of full-time equivale
year were as follows:|nt employees (including casual and part-time s|taff) during| |---|---|---| ||2021|2020| |Average staff|21|23| No employees received emoluments in excess of £60,000. ## **KEY MANAGEMENT PERSONNEL REMUNERATION** The key management personnel of the charity comprise the Chief Executive Officer and the Finance Director. The total remuneration of key management personnel during the year was £87,222 (2020: £86,505). ## **13. TANGIBLE FIXED ASSETS** |**Cost:**
As at I September 2020
Additions
Elimination of cost of
investment property
As at 31 August 2021
**Depreciation:**
As at 1 September 2020
Charge for the year
Elimination of accumulated
depreciation of investment
property
As at 3 I August 2021
**Net book value:**
As at 1 September 2020
_As_at 3 I August 202 I|**Freehold**
**property**
**£**
3,288,623
809,295
(2,720)
4,095,198
120,880
83,577
(35,870)
I 68,587
3,167,743
3,926,611|**Leasehold**
**Plant and**
**propertymachinery**
**£**
**£**
690,185
56,355
10,794
690,185
67,149
33,047
**50,888**
27,607
5,916
60,654
56,804
657,138
5,467
629,531
10,345|**Fixtures,**
**ti tti ngs and**
**equipment**
**Total**
**£**
**£**
268,168
4,303,331
11,491
831,580
(2,720)
279,659
5,132,191
253,843
458,658
4,926
122,026
(35,870)
258,769
544,814
14,325
3,844,673
20,890
4,587,377| |---|---|---|---| Freehold land included within freehold property is not depreciated. Page 23 continued ... ## Foresight North East Lincolnshire Ltd. ## Notes to the Financial Statements - continued for the Year Ended 3 I August 2021 ## **14. lNVESTMENT PROPERTY** |**lNVESTMENT PROPERTY**|| |---|---| |**FAIR VALUE**
At I Septern ber 2020
and 31 August 2021
**NET BOOK VALUE**
At 31 August 2021
At 31 August 2020|**£**
825,000| ||825,000| ||825,000| An external valuation of the investment property was undertaken by Lovelle Bacons Chartered Surveyors on 12th July 2019. ## **15. DEBTORS** |Amounts falling due within one year:
Trade debtors
Bad debtsprovision
Other debtors
Grant receivable
Prepayments
Amounts falling due after more than one year:
Loans receivable
Aggregate amounts|**2021**
**2020**
**£**
**£**
243,981
76,598
(300)
(23,700)
500
174,681
74,477
159,098
46,948
181,407| |---|---| ||365,606
568,084
64,200
62,400| ||429,806
630,484| Included within debtors is a loan of £60,000 together with accumulated interest up to 31 August 2021 of Estuary Homes ClC. This loan will be repayable in full as and when Estuary Homes CIC is in a position to do so. ## **16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Bank loans and overdrafts (see note 18)
Other loans (see note 18)
Trade creditors
VAT
Other creditors
Pensions
Accrued expenses|**2021**
**2020**
**£**
**£**
815,664
56,667
46,821
6,489
25,956
2,742
25,036
979,375
181,042
25,500
59,742
3,912
25,956
1,038
27,445
324,635| |---|---| continued ... Page 24 ## Foresight North East Lincolnshire Ltd. ## Notes to the Financial Statements - continued for the Year Ended 31 August 2021 ## **17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** |Bank loans(seenote 18)
Other loans(seenote 18)||**2021**
**2020**
**£**
**£**
2,206,207
2,149,123
55,834| |---|---|---| |||2,206,207
2,204,957| ## **18. LOANS** An analysis of the maturity of loans is given below |An analysis of the maturity of loans is given below|| |---|---| |An1ounts falling due within one year on demand:
Bank loans
Other loans
Amounts fal I ing between one and two years:
Bank loans - 1-2 years
Other loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Other loans - 2-5 years
Amounts falling due in more than foe years:
Repayable by instalments with 3% rate of interest
Bank loans more than five years|**2021**
**£**
815,664
56,667
872,331
145,198
**2020**
**£**
181,042
25,500
206,542
131,042
25,500| ||145,198
268,535
156,542
393,125
30,334| ||268,535
423,459| ||1,792,474
1,624,956| ## **19. SECURED DEBTS** The following secured debts are included within creditors: Bank loans |2021
**£**
3,021,871|2020
**£**
2,330,165| |---|---| The loans are secured against the following properties: - 60 Newmarket Street, Grimsby - 146 Freeman Street, Grimsby - Anne Askew House, South Marsh Road, Stallingborough - 2 Manchester Street, Grimsby - 165 Freeman Street, Grimsby - 2a Stanley Street, Grimsby Page 25 continued ... ## Foresight North East Lincolnshire Ltd. ## Notes to the Financial Statements - continued for the Year Ended 31 August 2021 ## **20. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**Unrestricted**
**funds**
£
Tangible Fixed Assets
1,325,430
Investment property
825,000
Net current Assets
592,930
Long term liabilities
(1,090,091)
1,653,269|**Restricted**
**funds**
**£**
932,480
293,920
(1,116,116)
110,284
**Reva! uati on**
**Reserves**
£
2,329,467
2,329,467
**Total funds at**
**31 August 2021**
£
4,587,377
825,000
886,850
(2,206,207)
4,093,020|**Restricted**
**funds**
**£**
932,480
293,920
(1,116,116)
110,284
**Reva! uati on**
**Reserves**
£
2,329,467
2,329,467
**Total funds at**
**31 August 2021**
£
4,587,377
825,000
886,850
(2,206,207)
4,093,020| |---|---|---| |||4,093,020| ## **Analysis of fund balances between net assets for the previous year was as follows:** |**Unrestricted**
**funds**
**£**
Tangible Fixed Assets
615,876
Investment property
825,000
Net current Assets
231,314
Long term liabilities
( I ,050,987)
621,203|**Restricted**
**Revaluation**
**funds**
**Reserves**
**£**
**£**
932,480
2,296,317
776,180

{1,154,060)
**Total funds at**
**31 August 2020**
**£**
3,844,673
825,000
1,007,494
(2,205,047)| |---|---| ||554,600
2,296,317
3,472,120| continued ... Page 26 Notes to the Financial Statements - continued for the Year Ended 31 August 2021 ## Foresight North East Lincolnshire Ltd. ## **21. MOVEMENT OF FUNDS** |**RES1RICTED FUNDS**
Sport England
Y-Inspired
Henry Smith
Big Lottery - New Stepping
Arts Council
Big lottery - Age is Not A
Number
Heritage Lottery
CSC- UCF
Celebrate Freemo
BBC Children Jn Need
Art Council - Scartho Library
Sport England - Rugby
Hate Crime
Key Fund
Sport England - Community
Asset Fund
Football Foundation
People's Postcode Trust
Stanley Street Grants
HM Revenue & Customs
Access Reach Fund
The Energy Saving
Mercers Trustee Grant
Places to Ride
**UNRES1RICTED FUNDS**
General funds
Revaluation reserve|**Balance at 1**
**September**
**2020**
**lncomesExpenditures**
8,765
16,615
(16,852)
23,669
-
8,543
**(4,080)**
1,932
9
(9)
20,486
(23,211)
1,743
348
(348)
54
(54)
38,855
(10,399)
741
1,293
**(858)**
1,970
(I ,970)
101,500
-
23,671
-
1,435
686
(367)
1,777
(517)
225,000
-
5,982
(1,264)
1,800
14,400
(960)
29,049
(26,257)
43,978
4,960
(21,975)
12,000
554,600
36,661
(109,121)
621,293
1,440,125
(780,005)
2,296,317
2,917,610
J ,440,125
{780,005)
3,472,210
1,476,786
(889, I 26|**Fund**
**transfers**
(23,669)
2,725
(741)
(10 I ,500)
(23,671)
(225,000)
(371,856)
371,856
371,856
**Other**
**recognised**
**gains/**
**(losses)**
33,150
33,150
33,150|


**Balance at 31**

**August 2021**
**8,528**
4,463
1,932
1,743
28,456
435
1,754
1,260
4,718
15,240
2,792
26,963
12,000
110,284
1,653,269
2,329,467
3,982,736| |---|---|---|---| ||621,293
2,296,317
2,917,610||| ||3,472,210||| ||||4,093,020| Page 27 continued ... ## Foresight North East Lincolnshire Ltd. ## Notes to the Financial Statements - continued for the Year Ended 31 August 2021 ## 21. **MOVEMENT OF FUNDS - CONTINUED** |**RESTRICTED FUNDS**
Sport England
V-lnspired
Henry Smith
Big Lottery - New Stepping
Arts Council
Big Lottery - Age Is Not A Number
Heritage Lottery
CSC- UCF
Dementia Project
Celebrate Freemo
BBC Children In Need
Arts Council - Scartho Library
Sport England - Rugby
Hate Crime
Key Fund
Awards For All
Sport England - Core
Sport England - Community Asset
Fund
Football Foundation
People's Postcode Trust
Stanley Street Grants
HM Revenue & Customs
Access Reach Fund
The Energy Saving
Mercers Trustee Grant
Places to Ride
**Unrestricted funds**
- General Funds
- Revaluation Reserve|**Balance at 1**
**September**
**Income**
**Expenditure**
**2019**
**£**
**£**
**£**
8,765
23,669
12,550
(4,007)
40,415
(38,483)
9
90,120
(69,634)
1,743
348
1,671
(3,000)
54
47,349
(8,494)
741
1,293
1,970
58,500
43,001
**(1)**
10,000
( I 0,000)
9,828
(19,036)
23,671
1,700
(265)
7,177
(5,400)
225,000
21,229
(15,247)
1,800
45,519
(16,470)
67,545
(23,567)
J2,001
(1)
**Balance at**
**Transfers31 August**
**2020**
**£**
**£**
8,765
23,669
8,543
1,932
9
20,486
1,743
348
1,329
54
38,855
74]
1,293
1,970
101,500
9,208
23,671
1,435
1,777
225,000
5,982
1,800
29,049
43,978
12,000|**Balance at 1**
**September**
**Income**
**Expenditure**
**2019**
**£**
**£**
**£**
8,765
23,669
12,550
(4,007)
40,415
(38,483)
9
90,120
(69,634)
1,743
348
1,671
(3,000)
54
47,349
(8,494)
741
1,293
1,970
58,500
43,001
**(1)**
10,000
( I 0,000)
9,828
(19,036)
23,671
1,700
(265)
7,177
(5,400)
225,000
21,229
(15,247)
1,800
45,519
(16,470)
67,545
(23,567)
J2,001
(1)
**Balance at**
**Transfers31 August**
**2020**
**£**
**£**
8,765
23,669
8,543
1,932
9
20,486
1,743
348
1,329
54
38,855
74]
1,293
1,970
101,500
9,208
23,671
1,435
1,777
225,000
5,982
1,800
29,049
43,978
12,000| |---|---|---| ||700,966
56,702
(213,605)
451,803
946,094
(766,067)
2,296,317
2,748,120
946,094
(766,067}
3,4491086
1,002?96
979,672l
10,537
554,600
(10,537)
621,293
2,296,317
( I 0,537)
2,917,610
31472,210|| |||31472,210| continued ... Page 28 ## Foresight North East Lincolnshire Ltd. Notes to the Financial Statements - continued for the Year Ended 31 Au gust 2021 ## **The specific purpose for which the funds are to be applied are as follows:** ## **Sporting Activities:** ## **Sport England** Encourage adult disability participation various sports and increase volunteer participation in become coaches/mentors. ## **Capital Projects:** ## **Place to Ride** To purchase bikes for disability riding. ## **Stanley Street Grants** To pay towards the cost of the renovation on Stanley Street. ## **Sport England - Community Assets Fund** To help pay for the renovations at Scartho Library Community Centre, providing Toilets and Changing Rooms. ## **Keyfund** Two grants, first help towards Scartho Community Hub. Second Campden Community Centre. ## **Volunteer Costs:** ## **V-Inspire** Was a project from a government department to encourage youth volunteering this finished when we closed as an organisation in 2018/19. Now unspent amounts considered as unrestricted funds. ## **Henry Smith Charitable Foundation** Funds Foresight to operate a befr iending service for elderly people undertaken volunteers this covers the cost of travel expenses for volunteers. ## **Class Activity Funding:** ## **Big Lottery - stepping forward** Employability classes for all disabilities encouraging participants to see through the barriers of disability with Motivational, Health and Wellbeing sessions ending with a work-place opportunity. ## **Heritage Lottery** Disabled adults & children & elderly participants will under research & fact finding through photo classes history lessons and talks by historians into the area of Grimsby and undertake a exhibition at a local community centre. ## **BBC- Children in Need** To provide out of school provision for disabled children including young family members. These activities range from leisure, sporting and arts & craft sessions. ## **Hate Crime** Raise awareness to hate crime to minority groups and disabled. ## **People Postcode Lottery** It & independence sessions for disabled participants. ## **UM Revenue** & **Customs** Deliver advice & guidance to benefits & other entitlements. Page 29 continued ... ## Foresight North East Lincolnshire Ltd. ## Notes to the Financial Statements - continued for the Year Ended 31 August 2021 ## **Business Development:** ## **CSC -Urban Community Energy Fund** FROM 201 6 /17 - Funding to evaluate the organisation with a view of creating and business plan and feasibility to study to look at options to make all the Charities buildings greener. ## **Mercers Trust** Cover the salary of Foresight hiring a facilities Manager for 3 Years. ## **Access Reach Fund** Feasibility study with regards to progression and development of the North Lincolnshire Centre. ## **The Energy Saving** Deliver sessions on smart meters and other energy saving options to the local community. ## **General funds:** General fund represents funds available to spend at the discretion of the Trustees. ## **22. CAPITALCOMMITMENTS** 2021 2020 £ £ Contracted but not provided for in the financial statements 59 6 ,000 502,73 5 The charity had committed to the development of 29 apartments on the site of the fonner Excelsior Club on Stanley Street, Grimsby and has been fully completed in 202 l and opened in April 2022. ## **23. RELATED PARTY DISCLOSURES** Mr _P_ Silvester received a total of £6 1 (2020: £NTL) _to_ cover reimbursement of expenses. Mr A Wilson received a total of £1,034 (2020: £NIL) _to_ cover reimbursement of expenses. Foresight also contracts with BG Solicitors which Mr W King, a trustee, is a partner. The services provided during the year amounted to £7,829 (2020: £10,923) of which £49 6 (2020: £NIL) was included in trade creditors. Mr. R. Shepherd, a trustee, in his capacity as as a tradesman provided property maintenance and repairs at a cost of£197,424 (2020: £5 6 ,828) of which £NIL (2020: £418) was included in trade creditors. Mr. C. S. foyster, a trustee, under the trading name Thompson & Richardson provided insurance services to the charity. The cost of these insurances, inclusive of fees, amounted _to_ £6 7,16 4 (2020: £6 7,408) of which £5, 6 6 5 was included in trade creditors (2020: £151). Mr P Silvester and Mr A Wilson are directors of Foresight Developers Ltd. Foresight paid for a property on behalf of Foresight Developers of which is an outstanding debtor at year end of £nil (2020: £1 5 9,473). la addition, purchases amounting to £6 15,000 (2020: £37, 5 00) were made from Foresight Developers and paid fully in current year. Mr P Silvester is a director of Estuary Homes CIC. foresight has loaned the company £60,000 and accrues interest of 3% per annum. The balance due and included in long tenn debtors amounted to £6 4,200 (2020: £6 2,400) with interest accrued on the loan amounting to £1,800 (2020: £1,800). continued ... Page 30 ## Foresight North East Lincolnshire Ltd. ## Notes to the Financial Statements - continued for the Year Ended 31 August 2021 Ms S. J. Morris, a trustee is also a trustee ofLeaming4Life - GY CTC. Foresight made sales to Leaming4Life amounting to £33,650 (2020: £30,773) of which £7,825 (2020:£8,175) was included in trade receivables. Foresight made purchases amounting to £NIL (2020: £1,200) out of which £Nil was outstanding at the yearend date (2020: £Nil). No other Trustee has been paid any remuneration or received any other benefit from an employment with the charity or a related entity. ## **24. ULTIMATE CONTROLLING PARTY** The charity is controlled by the Trustees. ## **25. SHARE CAPITAL** The company is limited by guarantee and does not have a share capital divided by shares. Page 31