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|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|
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||||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|
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|||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|
##
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||||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|
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|||||||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|
##
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||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|
##
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|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|
##
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|||||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|||||
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|||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|
##
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||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|
##
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|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|
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