| Reference and Administrative Details |
|
|---|---|
| Strategic Report | |
| Trustees' Report | 3to 5 |
| Statement ofTrustees' Responsibilities | |
| Independent Auditors' Report |
7to9 |
| Consolidated Statement ofFinancial Activities |
toto 11 |
| Consolidated Balance Sheet |
12 |
| Balance Shcct | 13 |
| Consolidated Statement ofCash Flows |
14 |
| Notes to the Financial Statements | 15to 32 |
| Secretary | Mrs LRends | |||||||
|---|---|---|---|---|---|---|---|---|
| Principal Office | Osborne House |
|||||||
| 47 Snaithing Lane |
||||||||
| Sheffield | ||||||||
| S103LF | ||||||||
| The charity |
is | incorporated | in | England and |
||||
| Wales. | ||||||||
| Company Registration | Number | 05099069 | ||||||
| Charity Registration | Number | 1105460 | ||||||
| Scottish Charity | Number | SC043119 | ||||||
| Solicitors | Knights pic | |||||||
| Commercial | House | |||||||
| 14Commercial | Street | |||||||
| Sheffield | ||||||||
| S12AT | ||||||||
| Bankers | Lloyds Bank | pic | ||||||
| Church Street | ||||||||
| Sheffield | ||||||||
| Sl 1HP | ||||||||
| Auditor | Lsndin Wilcock | &Co | ||||||
| Chartered Accountants |
&Registered Auditors | |||||||
| 68 Queen Street | ||||||||
| Sheffield | ||||||||
| Sl 1WR |
| (Including C |
onsolid | ated Income and E Recognised |
xpenditure Accou Gains and Losses) |
nt and Statement | ofTo | tal |
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| funds | 2020 | |||||
| Note | ||||||
| Income and Endowments | from: | |||||
| Donations and legacies |
8,678 | 8,678 | ||||
| Grants received | 191,948 | 191,948 | ||||
| Charitable activities |
812,234 | 812,234 | ||||
| Investment income |
1,255 | 1,255 | ||||
| Income from other | trading activities | 105,637 | 105,637 | |||
| Total Income | 1 119752 | 1 | 119,752 | |||
| Expenditure on: |
||||||
| Raising funds | (99,904) | (99,904) | ||||
| Charitable activities |
1,388,420 | 1,388,420) | ||||
| Total Expenditure | 1,488 324 | 1,488,324 | ||||
| Net income | 368,572 | 368,572 | ||||
| Net movement in funds |
||||||
| Reconciliation offunds |
||||||
| Total funds brought | forward | 684943 | 684 943 | |||
| Total funds carried | forward | 19 | 316,371 | 316,371 | ||
| Unrestricted | Total | |||||
| funds | 2019 | |||||
| Note | 8 | 8 | ||||
| Income and Endowments | from: | |||||
| Donations and legacies |
1,912 | 1,912 | ||||
| Charitable activities |
2,420,184 | 2,420, 184 | ||||
| Investment income |
4,194 | 4,194 | ||||
| Income from other | trading activities | 359,033 | 359,033 | |||
| Total Income | 2,785,323 | 2 | 785,323 | |||
| Expeaditure on: |
||||||
| Raising funds | (244,066) | (244,066) | ||||
| Charitable activities |
2 551577 | 2 551 577 | ||||
| Total Expenditure | 2 795 643 | 2 795,643 | ||||
| Net income | 10,320 | 10,320) | ||||
| Net movement in funds |
(10,320) | (10,320) | ||||
| Reconciliation offunds | ||||||
| Total funds brought | forward | 695263 | 695,263 | |||
| Total funds carried | forward | 19 | 684,943 | 684,943 |
| Consolidated Balance Sheet |
as at 31Decem | ber 2020 | |||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Note | f. | g | |||
| Fixed assets | |||||
| Tangible assets |
12 | 53,384 | 76,878 | ||
| Investments | 13 | 367 | 367 | ||
| 53,751 | 77245 | ||||
| Current assets | |||||
| Investments | 14 | 350,000 | |||
| Stocks | 15 | 38,999 | 14,330 | ||
| Debtors | 16 | 112,182 | 199,182 | ||
| Cash at bank | and in hand | 462,232 | 246938 | ||
| 613,413 | 810,450 | ||||
| Creditors: Amounts | falling due within one year | 17 | 350,793 | 202 752 | |
| Net current | assets | 262,620 | 607698 | ||
| Net assets | 316,371 | 684,943 | |||
| Funds ofthe | group: | ||||
| Unrestricted | income | funds | |||
| Unrestricted | funds | 316,371 | 684,943 | ||
| Total funds | 20 | 316371 | 684,943 |
| Balance Sheet as at3 | 1December 202 | 0 | |||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Note | |||||
| Fixed assets | |||||
| Tangible assets |
12 | 53,384 | 76,878 | ||
| Investments | 13 | 369 | 369 | ||
| 53,753 | 77247 | ||||
| Current assets |
|||||
| Investments | 14 | 350,000 | |||
| Stocks | 15 | 38,999 | 14,330 | ||
| Debtors | 16 | 106,649 | 116,676 | ||
| Cash at bank | and in hand | 457252 | 217,492 | ||
| 602,900 | 698,498 | ||||
| Creditors: Amounts | falling due within one year | 17 | 346015 | 205 769 | |
| Net current | assets | 256,885 | 492,729 | ||
| Net assets | 310638 | 569976 | |||
| Funds ofthe | charity: | ||||
| Unrestricted | income | funds | |||
| Unrestricted | funds | 310,638 | 569976 | ||
| Total funds | 20 | 310638 | 569,976 |
| Consolidated Statement ofCash Flows fo |
r the Year End | ed 31Decembe | r 2020 |
|---|---|---|---|
| 2020 | 2019 | ||
| Note | 8 | ||
| Cash flows from operating activities |
|||
| Net cash income | (368,572) | (10,320) | |
| Adjustmeats to cash flows from non-cash items |
|||
| Depreciation | 39,780 | 57,594 | |
| Investment income |
(1,255) | (4,194) | |
| Loss on disposal oftangible fixed assets | 1 749 | ||
| (328,298) | 43,080 | ||
| Working capital adjustments | |||
| Decrease/(increase) in stocks |
15 | (24,669) | 5,656 |
| Decrease in debtors | 16 | 87,000 | 46,212 |
| Increase in creditors | 17 | 148041 | 30,678 |
| Net cash flows from operating activities |
117,926 | 125,626 | |
| Cash flows from investing activities |
|||
| Interest receivable and similar income |
1,255 | 4,194 | |
| Invested in current asset investments |
14 | 350,000 | 80,000 |
| Purchase oftangible fixed assets | 12 | (18,034) | (53,288) |
| Sale oftangible fixed assets | |||
| Net cash flows from investing activities |
333,221 | 30,906 | |
| Net increase in cash and cash equivalents | 215,295 | 156,532 | |
| Cash and cash equivalents at 1 January |
246,937 | 90,405 | |
| Cash and cash equivalents at 31December |
462,232 | 246,937 |
| 2 | Income | from donations | and grants | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | |||||||
| Total | Total | ||||||
| General | 2020 | 2019 | |||||
| s | g | ||||||
| Donations | and legacies; | ||||||
| Donations | from individuals | 8,678 | 8,678 | 1,912 | |||
| Coronavirus | Job Retention | Scheme Grant | 191,948 | 191,948 | |||
| 200,626 | 200,626 | 1,912 | |||||
| 3 | Income | from charitable | activities | ||||
| Unrestricted | |||||||
| funds | |||||||
| Total | Total | ||||||
| General | 2020 | 2019 | |||||
| g | g | g | |||||
| Sports camps IJK | 812,234 | 812,234 | 2,420,184 | ||||
| 812234 | 812.234 | 2,420,184 |
| Unrestricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | |||||||||
| Total | Total | ||||||||
| General | 2020 | 2019 | |||||||
| s | |||||||||
| Income | I'rom | trading | subsidiary | 105 | 637 | 105 | 637 | 359 | 033 |
| Unrestricted | Unrestricted | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | |||||||||||||
| Total | Total | ||||||||||||
| Basis of | General | 2020 | 2019 | ||||||||||
| allocation | |||||||||||||
| Premises | costs | Usage | 111,611 | 111,611 | 122,236 | ||||||||
| Wages and salaries | Usage | 632,136 | 632,136 | 766,834 | |||||||||
| Staffwelfare | and training | Usage | 7,708 | 7,708 | 13,989 | ||||||||
| Printing, | postage and stationery | Usage | 2,072 | 2,072 | 7,297 | ||||||||
| Motor and travel | Usage | 27,770 | 27,770 | 37,736 | |||||||||
| Legal and professional | Usage | 32,605 | 32,605 | 33,894 | |||||||||
| Bank charges | Usage | 11,189 | 11,189 | 18,500 | |||||||||
| Bad debts | Usage | 4,200 | |||||||||||
| Depreciation | and loss on disposal | Usage | 41,529 | 41,529 | 57 592 | ||||||||
| 866620 | 866,620 | 1,062,278 | |||||||||||
| Support | costs allocated to charitable | activities | |||||||||||
| Premises costs | |||||||||||||
| including | Other | support | |||||||||||
| Basis of allocation |
Legal g |
costs | Staff costs f |
depreciation g |
costs g |
||||||||
| Sports camps | UK | Usage | 32,605 | 632,136 | 153,140 | 48,649 | |||||||
| Overseas | charitable | activities | Usage | 90 | |||||||||
| 32,605 | 632 | 136 | 153 140 | 48 739 | |||||||||
| Total | Total | ||||||||||||
| 2020 | 2019 | ||||||||||||
| 8 | g | ||||||||||||
| Sports camps | UK | 866,530 | 1,062,222 | ||||||||||
| Overseas | charitable | activities | 90 | 56 | |||||||||
| 866,620 | 1,062,278 | ||||||||||||
| Governan | ce | costs | |||||||||||
| Unrestricted | |||||||||||||
| funds | |||||||||||||
| Total | Total | ||||||||||||
| General | 2020 | 2019 | |||||||||||
| g | |||||||||||||
| Audit fees | 6,000 | 6.000 | 6,000 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| g | ||||
| Audit fees | 6,000 | 6,000 | ||
| Other non-audit | services | 4,834 | 5,974 | |
| Profit on disposal oftangible fixed assets | ||||
| Depreciation of | fixed assets | 41,529 | 57,592 |
| 9 Staffcosts The aggregate payroll costs were as fonows: |
||
|---|---|---|
| 2020 | 2019 | |
| Staffcosts during the year were: | ||
| Wages and salaries | 823,158 | 1,397,340 |
| Social security costs | 60,297 | 79,989 |
| Pension costs | 38,051 | 46 185 |
| 921,506 | 1,523,514 |
| year e | xpressed as full time equivalents was as f |
ollows: | |||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| No | No | ||||
| Head | office | 24 | 32 | ||
| Camp | 17 | 46 | |||
| 41 | 78 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| No | No | ||||
| f70,001 - f80,000 | |||||
| 680,001 - f90,000 | |||||
| 10 Auditors' | remuneration | ||||
| 2020 | 2019 | ||||
| g | |||||
| Audit ofthe | financial | statements | 6000 | 6,000 |
| Group | ||||
|---|---|---|---|---|
| Furniture | and | Sports | ||
| equipment | equipment | Total | ||
| g | g | |||
| Cost | ||||
| At 1 January 2020 | 232,254 | 119,836 | 352,090 | |
| Additions | 10,123 | 7,912 | 18,035 | |
| Disposals | 3,180) | 3,180 | ||
| At 31December 2020 | 239,197 | 127748 | 366945 | |
| Depreciation | ||||
| At 1 January 2020 | 188,030 | 87,182 | 275,212 | |
| Charge for the year | 15,503 | 24,277 | 39,780 | |
| Eliminated on disposals |
1 431 | 1431 | ||
| At 31December 2020 | 202,102 | 111,459 | 313,561 | |
| Net book value | ||||
| At 31December 2020 | 37,095 | 16,289 | 53 384 | |
| At 31December 2019 | 44,224 | 32,654 | 76,878 | |
| Charity | ||||
| Furniture | and | Sports | ||
| equipment | equipment | Total | ||
| g | ||||
| Cost | ||||
| At 1 January 2020 | 232,254 | 119,836 | 352,090 | |
| Additions | 10,123 | 7,912 | 18,035 | |
| Disposals | 3,180 | 3,180 | ||
| At 31December 2020 | 239,197 | 127,748 | 366,945 | |
| Depreciation | ||||
| At 1 January 2020 | 188,030 | 87,182 | 275,212 | |
| Charge for the year | 15,503 | 24,277 | 39,780 | |
| Eliminated on disposals |
1 431 | 1431 | ||
| At 31December 2020 | 202,102 | 111,459 | 313,561 | |
| Net book value | ||||
| At 31December 2020 | 37,095 | 16,289 | 53,384 | |
| At 31December 2019 | 44,224 | 32,654 | 76,878 |
| Group | |||
|---|---|---|---|
| 2020 | 2019 | ||
| g | |||
| Other investments | 367 | 367 | |
| Other investments | |||
| Listed | |||
| investments | Total | ||
| g | g | ||
| Cost or Valuation | |||
| At 1 January 2020 | 367 | 367 | |
| At 31December 2020 | 367 | 367 | |
| Net book value | |||
| At 31December 2020 | 367 | 367 | |
| At 31December 2019 | 367 | 367 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| g | |||||||
| Shares | in group undertakings | and participating | interests | 2 | 2 | ||
| Other | invcstmcnts | 367 | 367 | ||||
| 369 | 369 |
| Subsidiary | |
|---|---|
| undertakings | Total |
| Other investments | ||||
|---|---|---|---|---|
| Listed | ||||
| investments | Total | |||
| 8 | ||||
| Cost or Valuation | ||||
| At 1 January 2020 | 367 | 367 | ||
| At 31December 2020 | 367 | 367 | ||
| Net book value | ||||
| At 31December 2020 | 367 | 367 | ||
| At 31December 2019 | 367 | 367 |
| Details ofthe investme capital are as follows: |
nts in w |
hich the cha | rity holds | 20/o or | more of the nominal value |
of any | c | lass o | f share |
|---|---|---|---|---|---|---|---|---|---|
| Proportion ofvoting | |||||||||
| Country of | rights and shares | ||||||||
| Undertaking | incorporation | Holding | held | Principal | activity | ||||
| The King' s | |||||||||
| Foundation | The | provision | of | ||||||
| Professional Sen ices Limited (03145498) |
England | and 1Vales | Ordinary | shares | 100'/o | services childcare |
to and |
the leisure |
|
| sectors |
| 16 Debtors | ||||||
|---|---|---|---|---|---|---|
| Group | Charity | |||||
| 2020 | 2019 | 2020 | 2019 | |||
| s | ||||||
| Trade debtors | 5,657 | 81,625 | 125 | 12,022 | ||
| Other debtors | 106 | 525 | 117557 | 106,525 | 104,654 | |
| 112 | 182 | 199182 | 106,649 | 116,676 | ||
| 17 Creditors: amounts | falling due within one year | |||||
| Group | Charity | |||||
| 2020 | 2019 | 2020 | 2019 | |||
| g | s | |||||
| Trade creditors | 64,454 | 84,086 | 63,959 | 83,798 | ||
| Due from group undertakings | 3,583 | 9,363 | ||||
| Other taxation and social | security | 16,110 | 24,742 | 12,444 | 18,684 | |
| Accruals | 270,229 | 93,924 | 266,029 | 93924 | ||
| 350,793 | 202 752 | 346015 | 205,769 |
| Other tlnancial commitments premises rent &car lease |
||||
|---|---|---|---|---|
| Group | Charity | |||
| 2020 | 2019 | 2020 | 2019 | |
| s | s | |||
| Not later than one year | 57,001 | 59,913 | 57,001 | 59,913 |
| Later than one year and not later than | ||||
| five years | 193,314 | 199,777 | 193,314 | 199,777 |
| Over five years | 130,625 | 178,125 | 130,625 | 178,125 |
| 380,940 | 437,815 | 380940 | 437815 |
| Group | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance | at 1 | Incoming | Resources | Balance | at 31 | |||
| January | 2020 | resources | expended 0 |
December 2020 f |
||||
| Unrestricted | funds | |||||||
| Unrestricted | general | funds | 684943 | 1 119752 | 1 488,324 | 316371 | ||
| Balance | at 1 | Incoming | Resources | Balance | at31 | |||
| January | 2019 | resources | expended | December 2019 | ||||
| 0 | g | g | 0 | |||||
| Unrestricted | funds | |||||||
| Unrestricted | general | funds | 695263 | 2 785 323 | 2 795 643 | 684943 | ||
| Charity | ||||||||
| Balance | at 1 | Incoming | Resources | Balance | at 31 | |||
| January 0 |
2020 | resources 0 |
expended f |
December 2020 | ||||
| Unrestricted | funds | |||||||
| Unrestricted | general | funds | 569 976 | 1 129082 | 1 386420 | 310,638 | ||
| Balance | at 1 | Incoming | Resources | Balance | at 31 | |||
| January f |
2019 | resources | expended f |
December 2019 0 |
||||
| Unrestricted | funds | |||||||
| Unrestricted | general | funds | 461,852 | 2,426 290 | (2.3181661 | 569.976 |
| Tangible fixed assets |
|---|
| Fixed asset investments |
| Current assets |
| Current liabilities |
| Total net assets |
| Tangible fixed assets |
|---|
| Fixed asset investments |
| Current assets |
| Current liabilities |
| Total net assets |
| Unrestricted | |
|---|---|
| funds | |
| General | Total funds |
| g | 8 |
| 53,384 | 53,384 |
| 367 | 367 |
| 613,413 | 613,413 |
| 350,793 | 350,793 |
| 316371 | 316,371 |
| Unrestricted | |
| funds | |
| General | Total funds |
| 53,384 | 53,384 |
| 369 | 369 |
| 602,900 | 602,900 |
| 346 015 | 3460]5 |
| 310,638 | 310,638 |
| Group | |||
|---|---|---|---|
| At 1January | At 31December | ||
| 2020 | Cash flow | 2020 | |
| Cash at bank and in hand | 246,937 | 215,295 | 462,232 |
| Net debt | 246,937 | 215,295 | 462,232 |