Charity Registration No. 1112722
Company Registration No. 05567014 (England and Wales)
TITANS COMMUNITY FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
TITANS COMMUNITY FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees N G W Cragg A Holloway M E Parker Mr J Whaling K L Jones Dr RC A Collinson Secretary J Whaling Charity number 1112722 Company number 05567014 Principal address The Try Line Clifton Lane Sports Centre Badsley Moor Lane Rotherham South Yorkshire S60 2SN Registered office The Try Line Clifton Lane Sports Centre Badsley Moor Lane Rotherham South Yorkshire S60 2SN Independent examiner Hart Shaw LLP Europa Link Sheffield Business Park Sheffield S9 1XU
TITANS COMMUNITY FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
TITANS COMMUNITY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2021
The trustees present their report and financial statements for the year ended 30 June 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice 'Accounting and Reporting by Charities' (effective January 2015) .
Objectives and activities
The charity's objects are to promote community participation in healthy recreation by providing facilities for the playing of rugby union and other sports capable of improving physical health. To provide and assist in providing sports facilities for sport, recreation or other leisure time occupation of such persons who have need of such facilities by reason of their youth, age, infirmity, or disablement, poverty, or social or economic circumstances or for the public at large in the interests of social welfare, This is with the objective of improving their conditions of life. Also to advance the education of children and young people through such means as the trustees think fit.
The on-going effects of the Covid pandemic and successive lockdowns led to the charity revising some of its activities to focus on raising funds to support the isolated and lonely members of the local community, as activities in schools were restricted and some schools were unable to participate.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
As restrictions were lifted in September 2020, schools were reporting that many children had put on weight during lockdown, that their ability to concentrate had been reduced, that they were not as ‘social’ as they had been, with regular flare ups when things didn’t go well, or disagreements escalated, and their mental health had been affected in many cases. Schools were under huge stress due to COVID-19 restrictions, with phased breaks and lunchtimes, ‘bubbles’ that couldn’t mix and lots of children not attending regularly, as well as ongoing staff absences. The TCF was able to help reduce some of these stress points, by providing activities, mainly outside, that focused on fitness and health, as well as promoting the rugby values of fair play and sportsmanship.
Steve Salvin, Head Coach, came into the TCF to develop our secondary provision beyond the Thomas Rotherham College Academy programme, linked to colleges and universities to ensure a through-plan for rugby in Rotherham - The Rotherham Rugby Pathway - after cuts in provision by the RFU due to Covid and funding issues.
The TCF developed the initial Healthy Lifestyle programme for schools linked to diet and exercise over the Summer of 2020 and this programme was picked up by CityFibre, AND Digital and the WorkWise charity for a competition to design and produce an app for schools. The competition to design this as part of GUTS (Get Up To Speed with STEM) was all online, with full involvement of the TCF player/coach, Jamie Cooke and we look forward to the app being developed commercially over the next year, supported by a grant from the Master Cutler’s Fund.
All in-school provision stopped after Christmas 2020. The TCF chose to make a reduced payment to the contracted players at this time to cover basic expenses such as rent, council tax etc.
After Easter 2021 the demand from schools was huge with schools wanting to get children more active, to offset the effects of lockdown and focus on a healthier lifestyle. The TCF was fully booked as schools reopened and ran as many days as possible across Rotherham. We also contributed to HAF programmes in the Summer holidays, supported school activity days and ran our own Holiday Camps.
Despite all Covid restrictions, the TCF worked with over 1000 children and delivered 1400 hours of coaching and support. Over 220 children attended our Holiday camps and activities.
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TITANS COMMUNITY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
These are some of the other activities we have been able to run in the 2020/21 year:
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Careers Events with the Ahead Partnership organisation were focused on mental health and careers and continued via on-line sessions
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The TCF took on coaching for Ladies and Girls sections of the Rotherham amateur teams to support the development of sport for girls and women across Rotherham
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A Sport England Award for a project for older (secondary) children for after school clubs, mentoring and fitness was postponed from July through to the summer holidays and Autumn Term. However it wasn’t possible to start this until September 2021 due to Covid restrictions in schools.
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A National Lottery Community Fund bid was successful for on-going support for older, isolated, and lonely people. This began with calls and texts from players to those nominated from local support groups and continued with a few social events and the Rugby Club and Leisure Centre to encourage them to venture out again in a Covid secure environment. This has proved to be a slow process, due to concerns over rising Covid cases, and fear of infection from those being contacted. and will link to other local groups to develop the Tea and Chat sessions planned.
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The TCF is running a Walking Rugby programme in Maltby and Rotherham linked to the local Leisure Centres Health & Exercise in the local community programme.
We would like to acknowledge the generous support of AESSEAL, Ex-Animo Foods, Liberty Steel, Nicholas Associates, Sport England, Aviva Community Fund, National Lottery Community Fund, The Master Cutler’s Charity, and the on-going and generous contributions of our supporters through two Crowdfunder campaigns and our on-going Squadbuilder monthly lottery. Their donations and support allowed us to continue to offer these opportunities to schools and the community at no cost.
Financial review
The financial results for the year are set out on page 4 .
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is a company limited by guarantee without share capital. It is a registered charity, number 1112722. The charity is governed by a Memorandum and Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
N G W Cragg
A Holloway M E Parker Mr J Whaling K L Jones Dr RC A Collinson
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
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TITANS COMMUNITY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
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ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the company's contractual and other legal obligations.
The trustees' r eport was approved by the Board of Trustees.
Mr J Whaling Trustee Dated: 21 October 2021
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TITANS COMMUNITY FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TITANS COMMUNITY FOUNDATION
I report to the trustees on my examination of the financial statements of Titans Community Foundation (the charity) for the year ended 30 June 2021.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Martin McDonagh Hart Shaw LLP
Europa Link Sheffield Business Park Sheffield S9 1XU
Dated: 3 November 2021
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TITANS COMMUNITY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2021
| Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income from: Donations 2 76,042 18,400 Charitable activities 3 13,712 - Total income 89,754 18,400 Expenditure on: Charitable activities 4 82,749 3,750 Other 7 600 - Total resources expended 83,349 3,750 Net income for the year/ Net movement in funds 6,405 14,650 Fund balances at 1 July 2020 28,836 - Fund balances at 30 June 2021 35,241 14,650 |
TotalUnrestricted Restricted funds funds 2021 2020 2020 £ £ £ 94,442 105,824 10,000 13,712 10,669 - 108,154 116,493 10,000 86,499 95,129 10,000 600 600 - 87,099 95,729 10,000 21,055 20,764 - 28,836 8,072 - 49,891 28,836 - |
Total 2020 £ 115,824 10,669 126,493 105,129 600 105,729 20,764 8,072 28,836 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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TITANS COMMUNITY FOUNDATION
BALANCE SHEET
AS AT 30 JUNE 2021
| Notes Fixed assets Tangible assets 8 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Income funds Restricted funds 10 Unrestricted funds |
2021 £ 45,897 (525) |
£ 4,519 45,372 49,891 14,650 35,241 49,891 |
2020 £ 29,461 (625) |
£ - 28,836 28,836 - 28,836 28,836 |
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2021.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 21 October 2021
Mr J Whaling Trustee
Company Registration No. 05567014
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TITANS COMMUNITY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
1 Accounting policies
Charity information
Titans Community Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is The Try Line, Clifton Lane Sports Centre, Badsley Moor Lane, Rotherham, South Yorkshire, S60 2SN.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is charged to the statement of financial activities on an accruals basis, inclusive of any VAT which cannot be recovered.
Charitable expenditure comprises those costs incurred in the delivery of its activities and services for its beneficiaries, including both direct and support costs.
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TITANS COMMUNITY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
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TITANS COMMUNITY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
1 Accounting policies
(Continued)
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Restricted and unrestricted funds
Restricted funds are funds received from donors which are subject to restrictions on the purposes for which they may be used. Unrestricted fund are those where there are no externally imposed restrictions. These include funds freely available to the charity for expenditure or appropriation to reserves for internally designated purposes.
2 Donations
| Unrestricted Restricted funds funds 2021 2021 £ £ Donations and gifts 76,042 18,400 Charitable activities Income from charitable activities |
TotalUnrestricted Restricted funds funds 2021 2020 2020 £ £ £ 94,442 105,824 10,000 2021 £ 13,712 |
Total 2020 £ 115,824 2020 £ 10,669 |
|---|---|---|
3 Charitable activities
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TITANS COMMUNITY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
4 Charitable activities
| Staff costs Charitable expenditure Analysis by fund Unrestricted funds Restricted funds For the year ended 30 June 2020 Unrestricted funds Restricted funds |
2021 £ - 86,499 86,499 86,499 82,749 3,750 86,499 95,129 10,000 105,129 |
2020 £ 11,353 93,776 105,129 105,129 95,129 10,000 105,129 |
|---|---|---|
5 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity nor were reimbursed expenses during the year .
6 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries |
2021 Number - 2021 £ - |
2020 Number 3 2020 £ 11,353 |
|---|---|---|
No employees earned in excess of £60,000 in the year (2020 - none).
The direct charitable activities employees are all part time.
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TITANS COMMUNITY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
7 Other
| Other expenditure | 2021 £ 600 600 |
2020 £ 600 600 |
|---|---|---|
Other expenses includes payments to the accountants of £600 (2020 - £600) in respect of independent examination fees.
8 Tangible fixed assets
| Plant and machinery | Plant and machinery | ||
|---|---|---|---|
| £ | |||
| Cost | |||
| Additions | 4,519 | ||
| At 30 June 2021 | 4,519 | ||
| Carrying amount | |||
| At 30 June 2021 | 4,519 | ||
| Creditors: amounts falling due within one year | |||
| 2021 | 2020 | ||
| Notes | £ | £ | |
| Deferred income | 525 | 625 |
9 Creditors: amounts falling due within one year
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TITANS COMMUNITY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
10 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | |||
|---|---|---|---|---|---|---|
| Incoming | Resources | Balance at | Incoming | Resources | Balance at | |
| resources | expended | 1 July 2020 | resources | expended | 30 June 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Awards for All | 10,000 | (10,000) | - | - | - | - |
| Back in the community | - | - | - | 8,400 | - | 8,400 |
| Inspire, Coach and | ||||||
| Motivate | - | - | - | 10,000 | (3,750) | 6,250 |
| 10,000 | (10,000) | - | 18,400 | (3,750) | 14,650 |
Back in the community was a project to provide progressive support for older people over the age of 60 and who live in the most deprived areas of Rotherham. The project is to be delivered over three stages and is to be conducted with people who are socially isolated, those who been social distancing or shielding for long periods of time and those older people who are expressing high levels of anxiety about the gradual relaxation of lockdown rules. The project will help those mentioned integrate back in to the wider community.
Inspire, Coach and Motivate was a grant received from Sport England for a project to run throughout Rotherham. Coaching sessions delivered via rugby coaching and conducted by Titans Community Foundation players. The grant received also covers the costs to provide reading buddies to children struggling with literacy as well as teaching over 600 children to do CPR through the British Heart Foundation.
11 Analysis of net assets between funds
| Unrestricted funds Restricted funds 2021 2021 £ £ Fund balances at 30 June 2021 are represented by: Tangible assets 4,519 - Current assets/ (liabilities) 30,722 14,650 35,241 14,650 |
TotalUnrestricted funds Restricted funds 2021 2020 2020 £ £ £ 4,519 - - 45,372 28,836 - 49,891 28,836 - |
Total 2020 £ - 28,836 28,836 |
|---|---|---|
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TITANS COMMUNITY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
12 Related party transactions
N Cragg is a director of the charity, during the year donations of £910 were received from the director to help with the day to day running of the charity.
Badsley Moor Ltd is a company in which N Cragg is also a director, during the year donations of £3,000 were received from Basley Moor Ltd.
Nicholas Associates Holdings Limited is a company in which N Cragg is also a director, during the year donations of £300 were received from Nicholas Associates.
J Whaling is a director and secretary, during the year £13 was recharged from J Whaling due to the director paying for the companies house fee privately. During the year £124 was received from the director in connection with the purchase of face masks and comedy night tickets.
K Jones is a director of the charity, during the year £450 was received from the director in relation to the sale of face masks. £302.50 was received from the director in relation to the monies received from the release of a house deposit. £290 was received in relation to donations made to the charity.
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