| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 8 | |
| Statement ofTrustees' | Responsibilities | |||
| Report ofthe independent Auditors |
10 | to | 12 | |
| Statement ofFinancial | Activities | 13 | ||
| Statement ofFinancial | Position | 14 | ||
| Statement ofCash Flows | ||||
| Notes to the Statement | ofCash Bows | 16 | ||
| Notes to the Financial | Statements | 17 | to | 33 |
| Unrestricted | Revaluation | Restricted | |||||
|---|---|---|---|---|---|---|---|
| Notes | Funds | Reserve | Funds | 2022 | 2021 | ||
| income | |||||||
| Grants and Donations |
2 | 180,249 | 99.043 | 279,293 | 494,813 | ||
| Income from charitable activities |
3 | 515,461 | 515,461 | 729,373 | |||
| Income from other trading activities | 4 | 48,500 | 48,500 | 43,172 | |||
| Investment income |
5 | 146,382 | 146,382 | 95,896 | |||
| Other income | 6 | 14,582 | 14,582 | 113,532 | |||
| Total income | 905,175 | 99&043 | I&004418 | 1,476,786 | |||
| Expenditure | |||||||
| Cost ofraising funds |
7 | 86,683 | 86,683 | 68,476 | |||
| Expenditure on charitable activities |
8 | 991,224 | 72,571 | 1,063,796 | 820,650 | ||
| Total expenditure | 1,077,907 | 72471 | 1,150,479 | 889,126 | |||
| Net income I(expenditure) | &net movements | ||||||
| in funds before gains &losses on investments | (172,732) | 26,472 | (146,260) | 587,660 | |||
| Net gains l(losses) an investments | (13,000) | (13,000) | 33,150 | ||||
| Loss on revaluation on investments |
(235,000) | (235,000) | |||||
| Loss an revaluation on freehold property |
(813,675) | (813,675) | |||||
| Net movement in funds |
(185,732) | (1,048,675) | 26,472 | (1,207,935) | 6202110 | ||
| Reconciliation offunds | |||||||
| Total funds, brought forward |
21 | 1,653,269 | 2,329,467 | 110,284 | 4,093.020 | 3,472,210 | |
| Total fuads, carried forward | 1,467437 | 1480,792 | 136,756 | 2,885,085 | 4,093,020 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | |||
| Cash ilows from operati ag activities | |||
| Cash generated from operations |
375,622 | 958,442 | |
| Interest paid | 77,879 | 61,869) | |
| Net cash generated from / used in operating activities |
297,743 | 896,573 | |
| Cash gows from investing activities |
|||
| Purchase oftangible fixed assets |
(673,797) | (831,580) | |
| Sale oftangible fixed assets | 69,500 | 0 | |
| Interest received | 5,140 | 2,742 | |
| Cash provided by investing activities |
599,158 | 828,838) | |
| Cash tlows from gnancing activities |
|||
| New loans in year | 350,000 | 820,000 | |
| Loan repayment in year |
(877,423) | (152,961) | |
| Cash provided by investing activities |
527,423) | 667,039 | |
| Increase in cash k cash equivalents in the year |
828,837 | 734,774 | |
| Cash &cash equivalents at the beginning ofthe year |
1,436,419 | 701.645 | |
| Total cash ds cash equivalents at the end ofthe year |
607,582 | 1,436,419 |
| 2022f | 2021f | |||
|---|---|---|---|---|
| Net movement in funds |
(1599260) | 620,809 | ||
| Add back depreciation | 216,680 | 122,026 | ||
| Deduct Interest received | (5,140) | (2,742) | ||
| interest paid | 77,879 | 61.869 | ||
| Impairment offixed assets | 2,720 | |||
| Loss on saicoftangible fa | 13,000 | |||
| Others | (35,870) | |||
| Decrease / (increase) | in debtors | 221,727 | 200,678 | |
| Increase / (decrease) |
in creditors | 10,737 | (11,049) | |
| Net cash generated | from / used in operating | activities | 375,622 | 958,442 |
| 2. ANALYSIS OF CHANGES IN NET |
DEBT | ||
|---|---|---|---|
| At 01 September | At 31August | ||
| 2021 | Cashtlow | 2022 | |
| Net Cash | |||
| Cash at bank and in hand | 1,436,419 | ~828,837 | 607,582 |
| 1,436&419 | (828)837) | 607,582 | |
| Debts | |||
| Debts falling due within one year Debts falling due atter one year |
(872,331) ~2,206, 07 |
737,319 ~209,896 |
(135,012) ~2416103 |
| (39078438) | 527,424 | (24519114) | |
| Total | ~1,642,119 | J3301,413 | ~1,943,932 |
| Unrestricted | Restricted | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 8 | 8 | 8 | |||||||
| Donations | 4,843 | 4,843 | 3.083 | ||||||
| Grants | 175,407 | 99,043 | 274,450 | 491,730 | |||||
| 180,249 | 99,043 | 279,293 | 494,813 | ||||||
| Grants rcccivcd, included | in | thc above, arc as follows: | |||||||
| Unrestrictcd | Restricted | 2022 | 2021 | ||||||
| 8 | f | 8 | |||||||
| Sports England | 8,580 | 8480 | 60,884 | ||||||
| Pro@etNELC Befriending | 25,000 | 25,000 | 25,000 | ||||||
| NHS Charities Together |
Community | Partnership | Grant | 20,000 | 20.000 | ||||
| Humber Sports Partnership |
Ltd | 3,454 | |||||||
| Football Foundation | 686 | ||||||||
| Energy Saving | 15.079 | 50,483 | 65462 | ||||||
| Mercers Trustee Grani | |||||||||
| Community Fund Grant |
9964 | ||||||||
| Access Research Fund | 14,400 | ||||||||
| Sib Ltd - Sili Rrlf Grant | 180,000 | ||||||||
| North East Lines Grant | 40,553 | 40453 | 47,000 | ||||||
| Cov'ai-19 Response Grant |
4,900 | 4,900 | 40,125 | ||||||
| Smart Energy Gb Project | 7v'195 | 7295 | 17,451 | ||||||
| CafBank - Caf ResiTience | Fund | 15,171 | |||||||
| Rank Foundation - Deme | Grant | 15,000 | |||||||
| Will Charitable - Grant | 10.000 | ||||||||
| Main Grants - IJnknown | Cirant | I0,000 | |||||||
| National Heritage - Heritage |
Lottery | Classes Grant | 4,495 | 4,495 | 10.000 | ||||
| Main Grants - DisabiTky Action | 8,692 | ||||||||
| Bishop Grosseteste - Grant | 31,607 | 31,607 | 7,990 | ||||||
| Children in Need |
10.000 | 10,000 | |||||||
| Other Crrants &85,000 |
1,933 | 1.933 | 20,917 | ||||||
| Main Grants - East Coast | Community | Pond | 20.991 | 20,991 | |||||
| NEA Grant | 23,570 | 23570 | |||||||
| 171,990 | 102,460 | 274,450 | 491,730 |
| Unrestricted | Restricted | 2022 | 2021 | |
|---|---|---|---|---|
| Appeals and donations |
30,980 | 30,980 | 17,527 | |
| Rental income | 133,213 | 133,213 | 168,335 | |
| Insurance claim |
4,038 | 4,038 | 329,155 | |
| Room hire | 139,795 | 139,795 | 47,718 | |
| Minster Road charges | 123,615 | 123,615 | 84,489 | |
| Contractual income from govt. |
83,820 | 83,820 | 82,122 | |
| Saleofgoods | 27 | |||
| 515)46I | 515,461 | 729473 |
| Unrestricted | Restricted | 2022 | 2021 | ||
|---|---|---|---|---|---|
| g | |||||
| Cafe | 174 | ||||
| The | Warehouse | 48,500 | 48,500 | 42,998 | |
| 48 500 | 48,500 | 43,172 |
| Unrestricted | Restricted | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Rents | received | 121,003 | 121,003 | 78,000 | |
| Solar | feed in tariff | 20,240 | 20,240 | 15,154 | |
| Bank | interest | 2,706 | 2,706 | 942 | |
| Loan | interest | 2,433 | 2,433 | 1,800 | |
| 146382 | 146,382 | 95,896 |
| Unrestricted | Restricted | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Business support grant | 3,143 | ||||
| CJRS | grant | 1,001 | 1,001 | 93,743 | |
| Sundry | income | 13,581 | 13,581 | 16,646 | |
| 14,582 | 14,582 | 113,532 |
| Unrestricted | Restricted | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| f | f | |||||
| Raising Donations | and Legacies | |||||
| Wages expense | 42,219 | 42,219 | 42,690 | |||
| Telephone | expense | 8274 | 8,274 | 12,366 | ||
| 50,493 | 50,493 | 55,056 | ||||
| Other Trading activities | ||||||
| Purchases | 8,239 | 8,239 | 2,308 | |||
| Office and | premises | expenses | 24,499 | 24,499 | 7,714 | |
| Other expenses | 51 | 51 | 57 | |||
| Telephone | 3,401 | 3,401 | 3,341 | |||
| 36,190 | 36,190 | 13,420 | ||||
| Aggregate | amounts | 86,683 | 86,683 | 68,476 |
| Unrestricted | Restricted | 2022 | 2021 | ||
|---|---|---|---|---|---|
| 8 | |||||
| Direct costs (See note below ) | 950,689 | 72,571 | 1,023,260 | 788,902 | |
| Support costs (Note 9) | 21,969 | - | 21,969 | 17,402 | |
| Governance | costs (Note 9) | 18,566 | - | 18,566 | 14,345 |
| 991224 | 72,571 | 1,063,796 | 820,650 | ||
| Direct costs | |||||
| Wages | 216,680 | 247,821 | 261,951 | ||
| Office and premises expenses |
177,666 | 177,666 | 145,483 | ||
| Depreciation | offixed assets | 216,489 | 190 | 216,679 | 122,026 |
| Insurance | 68,487 | 68,487 | 49,896 | ||
| Interest payable on loans | 77,879 | 77,879 | 61,869 | ||
| Fundraising | costs | 58„351 | 30,195 | 88,546 | 47,810 |
| Travelling expenses |
104,435 | 8,187 | 112,621 | 98,470 | |
| Postage and | stationery | 16,360 | 16,360 | 13,462 | |
| Subscriptions | and donations | 7,314 | 7,314 | 7,694 | |
| Sundry costs | 6,758 | 2,858 | 9,616 | 3,641 | |
| Bad debts | 270 | 270 | 23,400 | ||
| 950,689 | 72,571 | 1,023,260 | 788,902 |
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | |
| Support costs | ||||
| Legal and professional | 19,487 | 19,487 | 13,648 | |
| Bank charges | 2.482 | 2,482 | 3,754 | |
| 21,969 | 21,969 | 17,402 | ||
| Governance costs |
||||
| Accountancy fees |
8.077 | 8,077 | 5,440 | |
| Late Filing Penalty | 375 | |||
| Auditors' remuneration |
10,489 | 10,489 | 8530 | |
| 18,566 | 18,566 | 14,345 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Auditors' remuneration |
10,489 | 8,530 | ||
| Depreciation- | owned | assets | 216,679 | 122,026 |
| Accountancy | fees | 8,077 | 5,440 | |
| 235345 | 135,996 |
| STAFFCOSTS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 8 | |||||
| Wages and Salaries | 260,656 | 315,961 | |||
| Social security costs | 22,612 | 16,142 | |||
| Pension | 6 772 | 5 151 | |||
| 290 040 | 337254 | ||||
| The average monthly | number ofemployees | during | the year was as follows: | ||
| 2022 | 2021 | ||||
| Average staff | 28 | 30 |
| Freehold | Leasehold | Plant snd | Fixtures, | ||
|---|---|---|---|---|---|
| property | property | machinery | 8ttiags and | ||
| equipment | Total | ||||
| Cost orValuation: | |||||
| As at I September 2021 |
4.095.198 | 690.185 | 67.149 | 279,659 | 5.132.190 |
| Additions | 673.797 | 673.797 | |||
| Disposals | (90.000) | (90.000) | |||
| Revaluation | (813,675) | ) (813.675 |
|||
| As at 31 August 2022 | 3.865.320 | 690.185 | 67.149 | 279,659 | 4,902,312 |
| Depreciation: | |||||
| As at I September 2021 |
168.587 | 60.654 | 56.804 | 258.769 | 544,815 |
| Disposals | (7.500) | (7,500) | |||
| Charge for the year | 177.814 | 27.607 | 6.176 | 5.082 | 216.680 |
| As at 31 August 2022 | 338,901 | 88,262 | 62.980 | 263,852 | 753,995 |
| Net book value: | |||||
| As at I September 2021 |
3,926,611 | 629.531 | 10.345 | 20,890 | 4.587.377 |
| As at31August 2022 | 3.526,418 | 601.923 | 4.169 | 15,807 | 4,148,317 |
| Iavestment | |
|---|---|
| Property | |
| Cost or Valuation: | |
| As at I September 2021 | 825,000 |
| Additions | |
| Revaluation | (235,000) |
| As at 31August 2022 | 590,000 |
| DEBTORS | ||
|---|---|---|
| 2022 | 2021 | |
| Amounts falling due within one year: |
||
| Trade debtors | 98,318 | 243,981 |
| Bad debts provision | (300) | (300) |
| Other debtors | 5,102 | 500 |
| Grant receivable | 8,825 | 74,478 |
| Prepayments | 29,500 | 46,948 |
| 141,446 | 365,607 | |
| Amounts falling due after more than one year: |
||
| Loans receivable | 66,633 | 64,200 |
| 66,633 | 64400 | |
| Aggregate amounts |
208,079 | 429,807 |
| CREDITORS: AMOI | JNTS FALLING DUE WITHIN ONE | YEAR | |
|---|---|---|---|
| 2022 | 2021 | ||
| 8 | f. | ||
| Bank loans and overdrafts (see note 18) | 135,012 | 815,664 | |
| Other loans (see note | I8) | 56,667 | |
| Trade creditors | 60,002 | 46,821 | |
| VAT | 6,489 | ||
| Other creditors | 25,956 | ||
| Deferred Income | 30,000 | ||
| Pensions | 1,573 | 2,742 | |
| Accrued expenses | 26,204 | 25,036 | |
| 252,790 | 979475 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Bank loans (see note 18) | 2,416,103 | 2,206,207 | |||
| 2,416,103 | 2,206407 | ||||
| 18. | LOANS | ||||
| An analysis ofthe maturity | ofloans is given below: | ||||
| 2,022 | 2021 | ||||
| 8 | |||||
| Amounts falling due within one year on demand: |
|||||
| Bank Loans | 135,012 | 815,664 | |||
| Other Loans | 56,667 | ||||
| 135,012 | 872@31 | ||||
| Amounts falling between |
one and two years: | ||||
| Bank Loans 1-2years | 84,596 | 145,198 | |||
| 84,596 | 145,198 | ||||
| Amounts falling due between two and five years: |
|||||
| Bank Loans 2-5 years | 235,]41 | 268,535 | |||
| 235,141 | 268435 | ||||
| Amounts falling due in more than five years: |
|||||
| Repayable by instalments |
with 3sio rate ofinterest | ||||
| Bank loans more than 5 years | 2,096466 | 1,792,474 | |||
| 19. | SECURED DEBTS | ||||
| The following secured debts are included within creditors: |
|||||
| 2022 | 2021 | ||||
| Bank loans | 2,551,115 | 3,021,871 | |||
| The loans are secured by fixed and floating charge on the following | properties: | ||||
| —60 Newmarket Street, Grimsby |
|||||
| - 146Freeman Street, Grimsby |
| Unrestricted | Restricted | Revaluation | Total funds at | ||
|---|---|---|---|---|---|
| funds | funds | Reserves | 31August 2022 | ||
| f | |||||
| Tangible Fixed Assets | 2.003.299 | 932,053 | 1,212.966 | 4,148,318 | |
| Investment | property | 522,174 | 67,826 | 590,000 | |
| Net current | Assets | 308,938 | 253,932 | 562,870 | |
| Long term | liabilities | 1,366,873 | I 049430 | 2,416,103 | |
| 1,467,537 | 136,756 | 1,280,792 | 2,885,085 |
| Unrestricted | Restricted | Revaluatioa | Total funds at | ||
|---|---|---|---|---|---|
| fuads | funds | Reserves | 31August 2021 | ||
| g | g | 8 | |||
| Tangible Fixed Assets |
1,628,256 | 932,480 | 2,026,641 | 4,587,377 | |
| Investment | property | 522,174 | 302,826 | 825,000 | |
| Net current | Assets | 592,930 | 293,920 | 886,850 | |
| Long term | liabilities | 1,090,091) | (1,116,116) | 2206 207 | |
| 1,653,269 | 110384 | 2,329,467 | 4,093,020 |
| Balance at | Other | Balance at | |||||
|---|---|---|---|---|---|---|---|
| I September | recognised | 31August | |||||
| 2021 | Incomes | Expenditures | Transfer | gain/(losses) | 2022 | ||
| RFSIRICTED FUNDS | f | f | |||||
| Sport England | 8,528 | 8,580 | (332) | 16,776 | |||
| Sport England- Rugby |
435 | (435) | |||||
| Football Foundation | 1,754 | (1,754) | |||||
| Places to Ride | 12,000 | (3,175) | 8,825 | ||||
| Henry Smith | 4,463 | (4,463) | |||||
| BigLottery- New Stepping | 1,932 | (1.932) | |||||
| Heritage Lottery | 1,743 | 4,495 | (1,743) | 4,495 | |||
| BBCChildren in Need |
28,456 | (27,186) | 1,270 | ||||
| People's Postcode Trust | 1,260 | (1,260) | (0) | ||||
| IIMRevenue k Customs | 4,7I8 | (4,718) | |||||
| Access Reach Fund | 15,240 | (190) | 15,050 | ||||
| Mercers Trustee Grant | 26,963 | (22.004) | 4,959 | ||||
| 7he Energy Saving | 2,792 | 89,385 | (6,796) | 85,381 | |||
| 110,284 | 102,460 | (75,988 | 136,756 | ||||
| UNRESTRICTED FUNDS | |||||||
| General funds | 1,653,269 | 905,175 | (1,090,907) | 1,467,537 | |||
| Revaluation reserve |
2,329,467 | (1,048,675 | 1,280,792 | ||||
| 3,982,736 | 905,175 | 1,090,907) | 1,048,675) | 2,748,329 | |||
| 4,093,020 | 1,007,635 | 1,166,895 | (1,048,675 | 2dt85,085 |
| MOVEMENT | OF FUNDS | —CONTINUED | |||||
|---|---|---|---|---|---|---|---|
| Balance at I | Other | ||||||
| September | Income | Expenditure | Transfers | recognised | Balance at 31 | ||
| 2020 | gaial(losses) | August 2021 | |||||
| RESTRICTED FUNDS | |||||||
| Sport England | 8,765 | 16,615 | (16,852) | 8,528 | |||
| V-inspired | 23,669 | (23,669) | |||||
| Henry Smith | 8,543 | (4,080) | 4,463 | ||||
| Big Lottery -New Stepping | 1,932 | 1,932 | |||||
| Arts Council | 9 | (9) | |||||
| Biglottery - Age is Not A | |||||||
| Number | 20,486 | (23,211) | 2,725 | ||||
| Heritage Lottery | 1,743 | 1,743 | |||||
| CSC - UCF | 348 | (348) | |||||
| Celebrate Freemo | 54 | (54) | |||||
| BBCChildren | In Need | 38,855 | (I0,399) | 28,456 | |||
| Art Council - Scartho Library | 741 | (741) | |||||
| Sport England | - Rugby | 1,293 | (858) | 435 | |||
| Hate Crime | 1,970 | (1,970) | |||||
| Kcy Fund | 101,500 | (101,500) | |||||
| Sport England | - Community | ||||||
| Asset Fund | 23,671 | (23,671) | |||||
| Football Foundation | 1,435 | 686 | (367) | 1,754 | |||
| People's Postcode Trust | 1,777 | (517) | 1,260 | ||||
| Stanley Street | Grants | 225,000 | (225,000) | ||||
| HM Revenue &Customs | 5,982 | (1,264) | 4,718 | ||||
| Access Reach | Fund | 1,800 | 14,400 | (960) | 15,240 | ||
| The Energy Saving | 29,049 | (26,257) | 2,792 | ||||
| Mercers Trustee Grant | 43,978 | 4,960 | (21,975) | 26,963 | |||
| Placesto Ride | 12,000 | 12,000 | |||||
| 554,600 | 36,661 | 109,121 | 371,856 | 110,284 | |||
| Unrestricted | funds | ||||||
| -General Funds |
621,293 | 1,440,125 | (780,005) | 371,856 | I 651269 | ||
| -Revaluation | Reserve | 2,296,317 | 33,150 | 2,329,467 | |||
| 2,917,610 | 1,440, 125 | 780,005 | 371,856 | 33.150 | 3,982,736 | ||
| 3,472,210 | 1,476.786 | 889,126 | 4,093,020 |