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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 05930465 (England and Wales) REGISTERED CHARITY NUMBER: 1117768

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

HUDDERSFIELD GIANTS COMMUNITY TRUST

Revell Ward Limited Chartered Accountants and Statutory Auditors Bates Mill Colne Road Huddersfield HD1 3AG

HUDDERSFIELD GIANTS COMMUNITY TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Financial Statements 16 to 32

HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The principal activity of the Trust is the provision of a community facility to promote sport, education, health & wellbeing, NCS, play and exercise.

When planning the activities for the period the trustees have considered the Charity Commission guidance on public benefit, and in particular, the specific guidance for Charities on the Advancement of Education for Public Benefit and Fee-Charging.

One of the Trust's aims is to get the local community active, with particular focus on encouraging children to adopt healthier lifestyles and wellbeing. Actively promoting sport for the public benefit. Not only do we provide facilities for play, cheerleading, gymnastics and sport within our premises at The Zone but we also deliver education to year 12s and 13s based on sports courses for school leavers. Predominantly rugby/coaching-based Level 3 BTECH, we also provide students with the opportunity for further study.

Delivery of NCS to the community, we recruited young people from Kirklees, to participate in the Keep Doing Good initiative in Summer 2020. This programme was designed to allow young people a volunteering opportunity under Covid-19 guidelines to support our community in such difficult times.

We facilitated young people to engage with local residential care homes, to interact with residents virtually, to support loneliness and isolation and be a friendly face, this was also supported with letter writing to residents.

Autumn 2020 delivery took place in 2 variants, a virtual program in partnership with Kirklees College, designed to boost skills in public speaking, business development and brand design, and a face to face program held at Bradley Woods Scout Camp where young people participated in outdoor adventure, workshop focused sessions, social action and community development.

At HGCT we have a vision of how we would like the future to look within Kirklees and the surrounding communities. Our vision continues to be that NO child leaves school obese and all young people confidently participate in sport & physical activity which supports them to lead healthy and active lifestyles.

We use the popular rugby league brand of Huddersfield Giants to inspire, create opportunities, promote being active and, as a whole, build a stronger local community.

Our district has experienced high impact from the Covid-19 pandemic. Placing us in the highest local tiers / full lockdown; both have had significant detrimental impact on the local community. Despite the barriers in place we have continued to be one of the key providers of sport and leisure within Kirklees - both on site and via outreach activities throughout the pandemic in 2020.

1

HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

HGCT managed to sustain and offer support through the following programmes for at least part of 2020:

The Trust also aims to improve the health, education, good citizenship and harmony in the Huddersfield and surrounding areas through play, football, rugby, cheerleading, gymnastics and other healthy multi sports activities.

The Trust has raised a massive £22,000 with the help and support of Business Network Group over the last 3 years, to support the Trust with a mini bus, in addition to £30,000 fundraising over the previous 3 years for a Multi-sensory room which was built in the current year.

The Zone - Where Play Happens!

The Zone is an indoor venue located close to Huddersfield Town Centre. We provide a variety of opportunities for the community. Indoor pitch hire is designed for 5 & 6 a-side, social bookings, sports training and over 50's activities.

Yorkshire's largest indoor soft play gym for children up to 12 years old. We offer numerous birthday packages emphasising on exercise, fitness and fun.

With links to Huddersfield Giants, The Zone remains a premier place in Kirklees and the surrounding area for indoor sport and children's activities.

Within The Zone, the Trust provides facilities to encourage all age groups from toddlers to senior citizens to partake in a wide range of physical exercise. Programmes are made available in The Zone for students from schools/colleges and individuals of all ages and abilities to be coached in a variety of sports and activities. In the wider area sports coaching is delivered to students at their schools during term time. The activities offered within The Zone cater for all-inclusive customers.

Huddersfield Giants Community Trust - Actively Inspiring People.

HGCT is a registered Charity (1117768), we are the biggest affiliated Trust attached to a Rugby League club, The Huddersfield Giants Super League club. Using the influence of professional sport, the Trust is responsible for all community sports, educational activities, and NCS based initiatives in the community. We have the ability to engage people, improve community cohesion, improve fitness and well-being and raise the hopes and aspirations of the people of Kirklees and the wider area.

The Trust uses the power of sport to inspire people of all ages and abilities through 4 key areas: Sport, Education, Health & Social Inclusion.

In normal times, the Trust engages with over 200,000 people every year through sports coaching within The Zone, local schools, grassroots clubs and the wider community.

HGCT strives to be recognised and supported as a Trust and the number one provider of fun, sport, education and social inclusion, whilst meeting the needs of the local community.

2

HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Funding

Youth Endowment Fund - Prepared and submitted November 2019. Sport England - £10,000 awarded in July 2020. Kirklees Healthy Holidays Camps - £22,515 awarded throughout 2020. Coronavirus Job Retention Scheme - £162,913 awarded throughout 2020.

ACHIEVEMENT AND PERFORMANCE

Pre-Pandemic, the facilities at The Zone were used by members of the public and in particular the Play Zone, where some 2,000 children can visit each month. The intention is to inspire these children to take part when they are older in regular football, rugby, cheerleading/gym and all the multi sports coaching sessions we provide.

Covid-19 has had a significant impact on the ability of the Trust to open the doors of the Zone and has obviously restricted the delivery of several programmes during 2020.

In 2020, The Ability Counts programme could not be run as this would normally be offered to children with additional needs or disabilities who are considered 'vulnerable' under the Covid-19 guidance. Similarly, touch rugby and walking football aimed at the over 50s and looking to get them back into sport could not be reintroduced until late in 2021.

The Women's Super League season was cancelled for 2020. Given the success of the team up to this point, this was disappointing to all involved. We were however able to continue with some training and remain very excited about the future of our Women's team and the growth of the girl's game.

The Rugby League Sky Try programme was extended for an extra term due to the delays in delivery caused by Covid-19. This will enable the Trust to complete delivery of the programme and meet all the required targets by December 2021 when the programme finishes. This funding supports schools and ambassador clubs from Sky TV under the Try initiative. It is delivered to many schools in Kirklees including a girl's programme.

When Covid restrictions allowed, Saturday soccer mornings were outsourced to Kixx in 2020 and they now deliver all football for under 12s on a Saturday morning utilising 4 pitch sessions. This is for children aged between 5 & 12 years, offering a great environment for children to learn basic football skills and fundamental skills, while meeting other children of the same age and having fun.

Coaching multisport, gymnastics, cheerleading, football and rugby league has continued in schools wherever possible, delivering to key workers children.

The cheerleading and gymnastic sessions continued to be well supported. During the pandemic, Zoom sessions were introduced to try and keep the programme running but unfortunately these were deemed to be impractical due to the nature of the activity. The programme was temporarily postponed for part of 2020 and recommenced at the earliest opportunity in 2021.

PRINCIPAL RISKS AND UNCERTAINTIES

The main risks and uncertainties identified are health and safety failings and building failures. There is an annual Health and Safety review and an annual risk assessment review conducted by the Operations Manager.

3

HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The insurance policy for HGCT is reviewed annually by our insurance broker.

Trustees and senior management are always on the lookout for potential new income streams to ensure we can maintain delivery of the existing programmes and potentially add new programmes also.

The trustees are conscious of cash flow risk, particularly during the pandemic, however this continues to be mitigated by the rent waiver and ongoing support from the Trust's landlord.

The trustees are satisfied that adequate assessments are conducted by senior management to identify risks and such risks are reported to the Board.

Covid-19 risk assessments and governance have been put in place in accordance with the government's guidelines. All policies and procedures are on the website and health & safety updates have been made, with all employees being trained appropriately.

The use of fogging machines suitable for regular cleaning has been implemented, which has a rapid response to remove all trace of Covid-19. This antiviral fog treatment kills 99.99% of virus, bacteria and Covid-19 in the air and on surfaces, leaving an invisible disinfectant layer that provides lasting protection. This procedure is carried out after every group of young people using rooms, pitches etc.

Our Multi-sensory Zone was completed in 2019 but due to Covid-19 it is still unavailable and waiting for training to take place before we can promote to the community. Hire of this room will bring income in the future.

FINANCIAL REVIEW

The principal funding sources during the year were contracts, grants, donations and income from activities for generating funds. All income generated by the Trust is used to further the aims of the play area/sports trust. During the year the Trust's cash flow was considered to be satisfactory as the Trust took advantage of many of the Covid-19 financial support measures available. The trustees and senior staff are continually looking at and finding new funding streams.

Overall, the income of the Trust has suffered from the impact of Covid-19 falling from £1,933k in 2019 to £1,204k (including CJRS income) in 2020. This, coupled with increases in the national minimum wage of approx. 5%, has put considerable financial pressure on the Trust. Strong cost control, redundancies and use of the CJRS schemes has however mitigated against much of this impact, enabling the Trust to generate an overall gross contribution of £599k and net contribution of £17k. This compares to a gross contribution of £603k and net loss of £95k in 2019.

Despite the challenges of Covid-19, Multisport continues to be a success story in 2020. Whilst income was down £20k due to the inability to attend schools to the level in prior years, prices were increased and costs were kept under control resulting in a gross contribution of £41k compared to £29k in 2019. It has again been very well received in schools as part of the Schools Partnership Programme.

After-school activities are also sellable, up selling these activities is most effective by creating incentives with individual coaches. Many schools could still be supported during 2020 (basic staff support was even requested on occasions) with the impact of Covid-19 having minimal financial impact on this service. GIC made a gross contribution in 2019 of £4k, however during 2020 we are pleased that this increased to £44k. This is largely due to improved cost control and effective use of CJRS as income actually fell by £30k.

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HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The growth previously seen in the Dance department slowed during 2020 as a result of cancelled sessions for Covid-19. This area still however achieved a positive gross contribution of £11k in 2020 compared to the contribution of £25k made in 2019.

The Zone suffered the most from the impact of Covid-19, with income down £254k and the gross contribution down £150k. This resulted in an overall contribution of £79k compared to the gross contribution of £229k generated in 2019.

Similar to the Zone, the Café was hit hard by the impact of Covid-19. In 2020 sales were down to £63k and the gross contribution was £5k compared to prior year sales of £201k and a contribution of £91k. This was to be expected given that the Café is only used by the customers of the Zone.

Education continues to experience challenges, particularly in relation to the number of students who we deliver the education programme to. Loughborough provide HGCT with the education programme, this is a three day face-to-face programme and one day virtual. Improved cost control has however enabled this department to make a £2k gross contribution which is an improvement on the gross loss of £2k made in 2019.

The NCS programme was historically very profitable but concerns were raised during 2019 as the contract was no longer delivering the profits seen in earlier years and the programme only returned a gross contribution of £5k in 2019. In 2020 NCS actually made a gross contribution of £169k. This is primarily down to the adjustment to the contract in direct response to the pandemic, allowing all sunk costs incurred during the first 6 months of 2020 to be recovered in full.

Reserves policy

The trustees have agreed that the Trust should build unrestricted reserves initially to the sum of £100,000. The £100,000 reserves are based on the trustees view that approximately two months salaries is an appropriate target. The trustees recognise that the unrestricted funds of the Trust are currently £4,013 in deficit and continue to work with management to reverse this position. The trustees consider the following steps have been taken as part of tackling the deficit:

Included within unrestricted reserves is £90,479 which can only be realised by disposing of tangible fixed assets. Restricted funds will be maintained and accounted for in accordance with the appropriate regulations and only used for the purposes for which they are provided. At the end of the year restricted funds, not available for general purposes, total £28,510. Total reserves of the Trust at the year end are £24,497.

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HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

FUTURE PLANS

To ensure that all current and future visitors to the Zone have equal access and a positive experience; to provide appropriate access and activities for the wide range of physical, sensory, social and emotional needs of users.

To provide a space that enables children and young people to explore and identify their emotions and supports the development of core child development skills such as: self-awareness, self-regulation, motor skills and social skills.

To provide identified children with regular access to a sensory room that provides a safe-haven, a calming yet stimulating place that supports their ability to become self-aware.

To cement our place in the Women's Super League after the 2020 season was cancelled due to Covid-19.

To maintain strong relationships with Kirklees Council, Everybody Active and Kirklees Active Leisure. The Trust is actively working alongside these partners to ensure we work collaboratively and get first-hand knowledge of any funding available to support the community.

To build partnerships with businesses from the BNI group to achieve sponsorship and fundraising for the mini bus. Once this is in place we will look for another activity to support.

The NCS project continues to be a key part of the Trust's objectives which we have successfully delivered for 8 years. A new opportunity called the School Support Programme will hopefully bring in additional funds for 2021.

The Schools Partnership programme is taking considerable movements forward, new activities are now available including cheerleading and gymnastics as part of our programme.

A 20 year lease has been entered into for the Laund Hill Road Sports Complex. Following the pandemic, the Trust is developing an all-weather pitch that can be offered to the community to promote additional health and fitness facilities through outdoor play.

Changes to the Board for 2021 have taken place, including a new Chair for the Board of Trustees and some new Trustees.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The Trust is controlled by its governing document, the Memorandum and Articles of Association and constitutes a limited company limited by guarantee, as defined by the Companies Act 2006.

The liability of the members is limited to £10 each. Accumulated funds are not distributed to the members.

The trustees are treated as directors for Companies Act purposes.

Recruitment and appointment of new trustees

Trustees and members have powers within the Articles of Association to recommend the appointment of new trustees.

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HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The Trust is a company limited by guarantee which took over the responsibility for running community schemes, which have now been expanded, previously operated by The Huddersfield Town AFC and Huddersfield Giants Rugby League Club. The initial trustees were drawn from the management of those clubs and the Football League national community scheme. At the end of 2016 Huddersfield Town AFC chose to continue their community work themselves.

The Trust continues to look to recruit trustees from education, sport, the local authority and other relevant sectors.

All the original trustees attended an induction course on their responsibilities and the new ones have experience in charity work. All governance is carried out on the first day joining the trustees meeting.

All major decisions are taken by the trustees however day to day management is under the control of the Chief Executive Officer Lisa Darwin. Our finance manager manages all financial accounts in close discussion with the CEO & Trustees. Trustees make decisions on the remuneration of key management personnel.

In addition to the close co-operation with the professional sports club there is a regular contact with the regional manager of the European Football League Trust, Rugby Football League, departments of Kirklees Council, Sport England, West Yorkshire Sports and the local NHS provider.

Risk management

The trustees have a duty to identify and review the risk of which the Trust is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The main risks and uncertainties identified are health and safety and building failings. There is an annual Health and Safety review and an annual risk assessment review conducted by the Operations Manager.

Fundraising

The Trust does not use professional fundraisers or commercial participants to carry out fundraising activities.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05930465 (England and Wales)

Registered Charity number

1117768

Registered office

The Zone St Andrews Road Huddersfield HD1 6PT

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HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees

R L Thewlis M Farrar (resigned 25.3.2021) H Stevens T Vink H Taylor (resigned 26.2.2020) J Whitworth J L Bowers (appointed 25.3.2021) J L Iveson (appointed 25.3.2021) J Singh Athwal (appointed 18.2.2021)

Auditors

Revell Ward Limited Chartered Accountants and Statutory Auditors Bates Mill Colne Road Huddersfield HD1 3AG

Bankers

Yorkshire Bank Kingsgate House Kingsgate Bradford BD1 4SJ

Huddersfield Giants Community Trust is also known as The Zone.

FUNDS HELD AS CUSTODIAN FOR OTHERS

There are no funds held on behalf of others.

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The charity purchased insurance for liabilities incurred by its trustees in carrying out their duties.

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HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Huddersfield Giants Community Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable company transactions and which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Revell Ward Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... R L Thewlis - Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HUDDERSFIELD GIANTS COMMUNITY TRUST

Opinion

We have audited the financial statements of Huddersfield Giants Community Trust (the 'charitable company') for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HUDDERSFIELD GIANTS COMMUNITY TRUST

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assessed the risk of material misstatement in the financial statements, whether due to fraud or error, and then designed and performed audit procedures responsive to those risks. In particular, we looked at where the directors made subjective judgements such as making assumptions on significant accounting estimates.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our planning procedures included gaining an understanding of the entity and its environment including the entity's legal and regulatory framework, any fraud indicators and internal control system via both discussions amongst the engagement team and with the directors. We also evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements including the risk of override of controls.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HUDDERSFIELD GIANTS COMMUNITY TRUST

Based on our understanding of the company and its industry, the key laws and regulations we considered included the UK Companies Act, Charities Act (2011) and relevant tax legislation.

Audit procedures performed by the engagement team included but were not limited to:

The primary responsibility for the prevention and detection of irregularities including fraud rests with both those charged with governance and management. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements the less likely we would become aware of such non-compliance. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, intentional misrepresentations or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Karen Borowski FCA (Senior Statutory Auditor) for and on behalf of Revell Ward Limited Chartered Accountants and Statutory Auditors Bates Mill Colne Road Huddersfield HD1 3AG

Date: .............................................

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HUDDERSFIELD GIANTS COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Giants in the Community
Dance
Kids' play & sports zone
Education
NCS
Multisports
Other trading activities
3
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Giants in the Community
Dance
Kids' play & sports zone
Education
NCS
Multisports
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
19
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
367,913
105,271
41,708
126,052
81,709
281,966
84,342
70,389
1,159,350
135,187
150,440
72,082
284,777
145,328
224,076
139,661
1,151,551
7,799
32,225
40,024
(44,037)
(4,013)		 Restricted
funds
£
15,500
-
-
-
-
-
22,515
6,255
44,270
1,837
1,720
1,728
8,091
2,115
2,590
17,459
35,540
8,730
(32,225)
(23,495)
52,005
28,510		 31.12.20
Total
funds
£
383,413
105,271
41,708
126,052
81,709
281,966
106,857
76,644
1,203,620
137,024
152,160
73,810
292,868
147,443
226,666
157,120
1,187,091
16,529
-
16,529
7,968
24,497		 31.12.19
Total
funds
£
221,759
135,598
67,464
380,031
104,741
653,641
127,909
241,977
1,933,120
219,057
189,499
76,645
422,338
174,364
802,682
143,608
2,028,193
(95,073)
-
(95,073)
103,041
7,968

The notes form part of these financial statements

13

HUDDERSFIELD GIANTS COMMUNITY TRUST (REGISTERED NUMBER: 05930465)

BALANCE SHEET 31 DECEMBER 2020

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
90,479
CURRENT ASSETS
Stocks
13
-
Debtors: amounts falling due within one year
14
119,801
Cash at bank and in hand
-
119,801
CREDITORS
Amounts falling due within one year
15
(214,293)
NET CURRENT ASSETS/(LIABILITIES)
(94,492)
TOTAL ASSETS LESS CURRENT
LIABILITIES
(4,013)
CREDITORS
Amounts falling due after more than one year
16
-
NET ASSETS/(LIABILITIES)
(4,013)
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
1,521
41,989
43,510
(15,000)
28,510
28,510
-
28,510		 31.12.20
Total
funds
£
90,479
-
121,322
41,989
163,311
(229,293)
(65,982)
24,497
-
24,497
(4,013)
28,510
24,497		 31.12.19
Total
funds
£
81,342
2,452
80,781
52,896
136,129
(200,864)
(64,735)
16,607
(8,639)
7,968
(44,037)
52,005
7,968

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. R L Thewlis - Trustee

The notes form part of these financial statements

14

HUDDERSFIELD GIANTS COMMUNITY TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
Cash flows from operating activities
Cash generated from operations
22
Interest paid
Interest element of hire purchase payments
paid
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Capital repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
23
Cash and cash equivalents at the end of the
reporting period
23		 31.12.20
£
39,447
(336)
(1,506)
37,605
(31,890)
-
(31,890)
(10,497)
(10,497)
(4,782)
46,771
41,989		 31.12.19
£
(56,860)
-
(3,222)
(60,082)
(28,581)
3,501
(25,080)
(16,874)
(16,874)
(102,036)
148,807
46,771

The notes form part of these financial statements

15

HUDDERSFIELD GIANTS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity has an overdraft facility of £100,000, which to date it has not needed to make use of. Despite the negative unrestricted reserves the charity has been able to manage its cashflow through management of its working capital.

The charity has received considerable support from its landlord in the waiver of rent charges when this would cause the charity to be unable to meet its liabilities as they fall due. The charity's landlord has confirmed that future rent payments will be waived if this would otherwise cause the charity to cease to be a going concern. In addition the landlord has confirmed that they will provide the necessary financial support required to enable the charity to continue trading for at least twelve months from the date of signing the financial statements.

On the basis of this support from the charity's landlord, the trustees believe that it is appropriate to prepare the financial statements on the going concern basis. No adjustments have been made to restate assets and liabilities to their recoverable amounts should this basis prove not appropriate.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income is deferred where delivery of services relates to future periods. Revenue grant funding (including government grant funding) is accounted for upon entitlement to the income and is deferred where time restrictions apply to related expenditure. All income is stated after trade discounts, other sales taxes and net of VAT.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and the economic benefit can be measured reliably. Donated professional services and facilities are included in income at the estimated value of the gift to the charity when received, based on the amount that the charity would have been prepared to pay for these services or facilities had it been required to purchase them, with a corresponding entry in the appropriate expenditure heading for the same amount. An amount of £205,000 (2019: £201,211) was received in the period, £200,000 (2019: £200,000) as a gift in kind for the rent of the building, £5,000 (2019: £Nil) in relation to consultancy services provided and £Nil (2019: £1,211) as a gift in kind for the provision of a car.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

For accounting purposes expenditure is allocated as follows:

Other trading activities - all expenditure which relates to the operation of The Zone café.

16

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES - continued

Allocation and apportionment of costs

Charitable activities - all direct charitable expenditure relates to the operation of the activities of the charity. Costs are allocated to the activity where the resource has been used. Where costs relate to two or more activities costs have been allocated based on the use of the resource.

Support costs - include central functions and governance and have been allocated to activity cost categories on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Sports and activity equipment -
20% on cost, 15% on cost and 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Fixed assets are capitalised at cost. Capitalisation of items occurs when the charity will receive economic benefit of an item over more than one year. The de-minims limit for the capitalisation of fixed assets is £1,500. The charitable company carries out annual impairment reviews where there is indication that the carrying amount of an asset may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are valued using the first-in, first-out (FIFO) method.

Taxation

HM Revenue & Customs has recognised the entity as a charity for corporation tax purposes.

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.

Funds may be transferred from the unrestricted general fund to the restricted fund at the discretion of the trustees.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

17

HUDDERSFIELD GIANTS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES - continued

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.

Pension costs are attributed to the activity performed by the staff member to whom the cost relates.

Key accounting estimates and assumptions

Accounting estimates, by definition, will often vary from the actual results. They are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. The carrying amount of the estimates and assumptions at the year end are disclosed in the relevant note to the accounts.

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets, which are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment, management considers factors including the ageing profile and recent correspondence with the debtors and historical experience.

Financial instruments

The company has chosen to adopt Section 11 of FRS 102 in respect of financial instruments.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at the transaction price. Other financial liabilities, including hire purchase arrangements, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Company information

The company is a private company limited by guarantee and is incorporated in England and Wales. The address of its registered office is The Zone, St Andrews Road, Huddersfield, HD1 6PT. The company's registered number is 05930465.

18

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Grants
Donated services and facilities
Grants received, included in the above, are as follows:
Suez Communities
Coronavirus Job Retention Scheme		 31.12.20
£
15,500
162,913
205,000
383,413
31.12.20
£
-
162,913
162,913		 31.12.19
£
-
20,548
201,211
221,759
31.12.19
£
20,548
-
20,548

Amounts received in relation to the Coronavirus Job Retention Scheme are government grants.

3. OTHER TRADING ACTIVITIES

Fundraising events
Sponsorships
Office rental income
Café		 31.12.20
£
9,802
339
3,721
62,782
76,644		 31.12.19
£
19,529
8,313
12,854
201,281
241,977

19

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

4. INCOME FROM CHARITABLE ACTIVITIES

Giants in
the
Community
£
Cheerleading
-
Grants
-
Kids' play
-
Party income
-
Pitch hire
-
Coaching
9,703
Education service level agreements
-
RFL / SKY
95,568
KIT
-
105,271
NCS
£
Cheerleading
-
Grants
-
Kids' play
-
Party income
-
Pitch hire
-
Coaching
-
Education service level agreements
281,966
RFL / SKY
-
KIT
-
281,966
Grants received, included in the above, are as follows:
RFL Satellite Clubs
Safer Communities Fund
Healthy Holidays		 Dance
£
41,708
-
-
-
-
-
-
-
-
41,708
Multisports
£
-
22,515
-
-
-
84,342
-
-
-
106,857		 Kids'
play &
sports
zone
£
-
-
48,939
12,877
64,236
-
-
-
-
126,052
31.12.20
Total
activities
£
41,708
22,515
48,939
12,877
64,236
94,045
363,675
95,568
-
743,563
31.12.20
£
-
-
22,515
22,515		 Education
£
-
-
-
-
-
-
81,709
-
-
81,709
31.12.19
Total
activities
£
67,464
8,000
140,120
90,231
149,680
155,507
756,125
100,000
2,257
1,469,384
31.12.19
£
3,000
5,000
-
8,000

Grants received, included in the above, are as follows:

Amounts received in relation to the Healthy Holidays are government grants.

20

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

5. EXPENDITURE ON RAISING FUNDS

Other trading activities

Other trading activities
Staff costs
Café
Depreciation
Support costs		 31.12.20
£
54,517
23,880
315
58,312
137,024		 31.12.19
£
73,020
76,399
574
69,064
219,057

6. CHARITABLE ACTIVITIES COSTS

Giants in the Community
Dance
Kids' play & sports zone
Education
NCS
Multisports		 Direct costs
Support costs
Totals
Totals
(See note 7)
31.12.20
31.12.19
£
£
£
£
89,086
63,074
152,160
189,499
38,016
35,794
73,810
76,645
83,922
208,946
292,868
422,338
79,415
68,028
147,443
174,364
137,818
88,848
226,666
802,682
97,665
59,455
157,120
143,608
552,922
524,145
1,050,067
1,809,136

7. SUPPORT COSTS

Administration Establishment Governance Totals Totals
costs costs 31.12.20 31.12.19
£ £ £ £ £
Other trading activities 30,386 25,497 2,249 58,312 69,064
Giants in the Community 45,287 14,165 3,622 63,074 55,537
Dance 20,027 14,166 1,601 35,794 35,116
Kids' play & sports zone 38,694 167,157 3,095 208,946 271,426
Education 36,757 28,332 2,939 68,028 67,805
NCS 56,035 28,332 4,481 88,848 153,189
Multisports 49,805 5,667 3,983 59,455 45,250
276,991 283,316 22,150 582,457 697,387

21

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

7. SUPPORT COSTS - continued

Activity Basis of allocation
Administration Full-time equivalent headcount
Establishment Floor area
Governance costs Full-time equivalent headcount

Support costs, included in the above, are as follows:

Wages
Social security
Pensions
Hire of plant and machinery
Telephone
Postage and stationery
Advertising
Sundries
Training
Legal fees
Motor expenses
Irrecoverable VAT
Computer costs
Bank charges
Depreciation of tangible
assets
Loss/(profit) on sale of
tangible fixed assets
Interest payable and similar
charges
Rent
Rates and water
Insurance
Light and heat
Repairs and maintenance
Security
Auditors' remuneration
Auditors' remuneration for
non audit work		 Other
Giants in
trading
the
activities
Community
£
£
13,541
20,180
833
1,244
604
902
224
333
1,066
1,587
76
111
129
192
984
1,468
-
-
4,535
6,761
-
-
2,820
4,203
2,307
3,438
498
741
2,567
3,826
-
-
202
301
18,000
10,000
236
131
1,742
967
2,575
1,431
2,861
1,590
83
46
1,792
2,672
637
950
58,312
63,074		 Dance
£
8,924
550
399
147
702
49
85
649
-
2,990
-
1,859
1,520
328
1,692
-
133
10,000
132
967
1,431
1,590
46
1,181
420
35,794		 Kids'
play &
sports
zone
£
17,243
1,063
770
285
1,356
95
164
1,255
-
5,776
-
3,591
2,938
633
3,268
-
257
118,000
1,555
11,413
16,889
18,761
539
2,283
812
208,946

22

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

7. SUPPORT COSTS - continued

Wages
Social security
Pensions
Hire of plant and machinery
Telephone
Postage and stationery
Advertising
Sundries
Training
Legal fees
Motor expenses
Irrecoverable VAT
Computer costs
Bank charges
Depreciation of tangible
assets
Loss/(profit) on sale of
tangible fixed assets
Interest payable and similar
charges
Rent
Rates and water
Insurance
Light and heat
Repairs and maintenance
Security
Auditors' remuneration
Auditors' remuneration for
non audit work		 Education
£
16,379
1,009
732
271
1,288
90
156
1,192
-
5,487
-
3,411
2,791
602
3,105
-
245
20,000
264
1,934
2,863
3,180
91
2,168
771
68,029		 NCS
Multisports
£
£
24,969
22,192
1,539
1,368
1,116
992
412
367
1,964
1,746
138
122
238
211
1,817
1,615
-
-
8,365
7,435
-
-
5,200
4,622
4,254
3,781
917
815
4,733
4,207
-
-
373
331
20,000
4,000
264
53
1,934
387
2,863
573
3,180
636
91
18
3,306
2,938
1,175
1,045
88,848
59,454		 31.12.20
Total
activities
£
123,428
7,606
5,515
2,039
9,709
681
1,175
8,980
-
41,349
-
25,706
21,029
4,534
23,398
-
1,842
200,000
2,635
19,344
28,625
31,798
914
16,340
5,810
582,457		 31.12.19
Total
activities
£
129,223
8,814
5,319
154
10,588
5,216
5,602
30,905
1,224
9,928
178
60,730
25,342
8,294
22,616
3,082
3,222
200,000
6,410
20,028
51,847
65,689
1,304
14,627
7,045
697,387

23

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Auditors' remuneration for non audit work
Auditors' remuneration for consultancy services
Depreciation - owned assets
Depreciation - assets on hire purchase contracts and finance leases
Hire of plant and machinery
Other operating leases
Deficit on disposal of fixed assets		 31.12.20
£
16,340
5,810
-
19,099
6,124
2,039
200,000
-		 31.12.19
£
14,627
5,705
1,340
18,587
6,124
154
200,000
3,082

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.12.20
£
601,846
38,105
12,744
652,695		 31.12.19
£
905,589
56,120
13,053
974,762

Wages and salaries above include redundancy payments and payments in lieu of notice totalling £17,546 (2019: £8,000).

24

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

10. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

31.12.20 31.12.19
Giants in the Community 4 4
Dance 5 6
Kids' play, café and sports 16 25
Multisports 6 9
Education 3 4
NCS 6 22
Other 4 5
44 75

No employees received emoluments in excess of £60,000.

Full time equivalent employees totalled 26 (2019: 44).

The key management personnel of the charity comprises the Senior Management Team whose employee benefits total £99,332 (2019: £100,600)

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Giants in the Community
Dance
Kids' play & sports zone
Education
NCS
Multisports
Other trading activities
Total
EXPENDITURE ON
Raising funds
Charitable activities
Giants in the Community
Dance
Kids' play & sports zone
Education		 Unrestricted
fund
£
201,211
127,598
67,464
380,031
104,741
628,920
127,909
236,282
1,874,156
219,057
181,120
76,645
422,338
174,364		 Restricted
funds
£
20,548
8,000
-
-
-
24,721
-
5,695
58,964
-
8,379
-
-
-		 Total
funds
£
221,759
135,598
67,464
380,031
104,741
653,641
127,909
241,977
1,933,120
219,057
189,499
76,645
422,338
174,364

25

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

NCS
Multisports
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
12.
TANGIBLE FIXED ASSETS
COST
At 1 January 2020
Additions
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019		 Sports
and
activity
equipment
£
442,137
31,943
474,080
422,901
5,621
428,522
45,558
19,236		 Unrestricted
fund
£
762,360
143,608
1,979,492
(105,336)
9,401
(95,935)
51,898
(44,037)
Fixtures
and
fittings
£
113,276
-
113,276
78,583
11,152
89,735
23,541
34,693		 Restricted
funds
£
40,322
-
48,701
10,263
(9,401)
862
51,143
52,005
Computer
equipment
£
49,684
2,417
52,101
22,271
8,450
30,721
21,380
27,413		 Total
funds
£
802,682
143,608
2,028,193
(95,073)
-
(95,073)
103,041
7,968
Totals
£
605,097
34,360
639,457
523,755
25,223
548,978
90,479
81,342

The net book value of tangible fixed assets includes £ 15,819 (2019 - £ 21,943 ) in respect of assets held under hire purchase contracts.

26

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13.
STOCKS
Stocks
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 17)
Hire purchase (see note 18)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income		 31.12.20
£
-
31.12.20
£
44,398
76,924
121,322
31.12.20
£
-
8,639
50,971
34,354
16,113
1,834
117,382
229,293		 31.12.19
£
2,452
31.12.19
£
45,317
35,464
80,781
31.12.19
£
6,125
10,497
44,488
10,460
15,368
2,084
111,842
200,864

Included within other creditors above is deferred income totalling £72,693 (2019: £72,443). The movement in the year is as follows:

At 1 January 2020
Released from previous years
Deferred in the current year
At 31 December 2020		 Charitable
activities
£
72,443
(62,514)
62,764
72,693		 Total
£
72,443
(62,514)
62,764
72,693

Incoming resources have only been deferred where income recognised before the year end relates to services which had yet to be provided at the year end.

27

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.20 31.12.19
£ £
Hire purchase (see note 18) - 8,639
17. LOANS
An analysis of the maturity of loans is given below:
31.12.20 31.12.19
£ £
Amounts falling due within one year on demand:
Bank overdrafts - 6,125
18. LEASING AGREEMENTS
Minimum lease payments fall due as follows:
Hire purchase contracts
31.12.20 31.12.19
£ £
Gross obligations repayable:
Within one year 9,003 12,003
Between one and five years - 9,003
9,003 21,006
Finance charges repayable:
Within one year 364 1,506
Between one and five years - 364
364 1,870
Net obligations repayable:
Within one year 8,639 10,497
Between one and five years - 8,639
8,639 19,136

28

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

18. LEASING AGREEMENTS - continued

Non-cancellable operating Non-cancellable operating
leases
31.12.20 31.12.19
£ £
Within one year 1,885 1,660
Between one and five years 2,559 1,245
In more than five years 160 -
4,604 2,905
MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.20 in funds funds 31.12.20
£ £ £ £
Unrestricted funds
General fund (44,037) 7,799 32,225 (4,013)
Restricted funds
Sensory room 34,937 - (29,750)
5,187
Mini bus 16,300 6,155 - 22,455
South Africa (100) 100 - -
Ronan Costello 868 - - 868
Healthy Holidays - 2,475 (2,475)
-
52,005 8,730 (32,225) 28,510
TOTAL FUNDS 7,968 16,529 - 24,497

19. MOVEMENT IN FUNDS

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Mini bus
South Africa
Woodfield Park
Healthy Holidays
Sport England
TOTAL FUNDS		 Incoming
resources
£
1,159,350
6,155
100
5,500
22,515
10,000
44,270
1,203,620		 Resources
expended
£
(1,151,551)
-
-
(5,500)
(20,040)
(10,000)
(35,540)
(1,187,091)		 Movement
in funds
£
7,799
6,155
100
-
2,475
-
8,730
16,529

29

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Sensory room
Mini bus
South Africa
Suez Communities Trust Fund
Ronan Costello
TOTAL FUNDS		 At 1.1.19
£
51,898
39,291
11,852
-
-
-
51,143
103,041		 Net
movement
in funds
£
(105,336)
(4,354)
4,448
(11,247)
20,548
868
10,263
(95,073)		 Transfers
between
funds
£
9,401
-
-
11,147
(20,548)
-
(9,401)
-		 At
31.12.19
£
(44,037)
34,937
16,300
(100)
-
868
52,005
7,968

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Sensory room
Mini bus
Charity collections
South Africa
Suez Communities Trust Fund
Safer Communities Fund
RFL Satellite Clubs
Ronan Costello
TOTAL FUNDS		 Incoming
resources
£
1,874,156
646
4,763
14,642
9,433
20,548
5,000
3,000
932
58,964
1,933,120		 Resources
expended
£
(1,979,492)
(5,000)
(315)
(14,642)
(20,680)
-
(5,000)
(3,000)
(64)
(48,701)
(2,028,193)		 Movement
in funds
£
(105,336)
(4,354)
4,448
-
(11,247)
20,548
-
-
868
10,263
(95,073)

Restricted funds include money received for:

Sensory room - Funding towards the purchase of sensory equipment and disabled facilities. Mini bus - Funding towards the purchase of a new mini bus.

30

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

19. MOVEMENT IN FUNDS - continued

Charity collections - Money raised for local and national charities as part of the National Citizen Service programme.

South Africa - Money raised towards a trip to South Africa as part of the National Citizen Service programme. Suez Communities Fund - Funding towards the purchase of café equipment.

Safer Communities Fund - Funding towards the provision of knife crime education. RFL Satellite Clubs - Funding towards the provision of coaching to grassroots clubs. Ronan Costello Festival - Money raised towards Giants in the Community events.

Healthy Holidays - Funding to support local children to resume physical and social activities during the pandemic. Sport England - Emergency funding to support the charity during the pandemic.

Woodfield Park - Funding to contribute to the professional fees incurred in the exploratory stages of the project.

Transfers between funds

The transfer of funds out of the Sensory Room fund relates to a variety of equipment which was purchased for the sensory room to support interaction and engagement with participants and is now held as unrestricted fixed assets.

20. EMPLOYEE BENEFIT OBLIGATIONS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. At the year end pension contributions of £1,834 (2019: £2,084) were outstanding.

21. RELATED PARTY DISCLOSURES

Huddersfield Giants Limited is a related company due to having directors/trustees in common.

Huddersfield Giants Limited were invoiced £339 (2019: £8,000) for advertising and £Nil (2019: £500) for sundry purchases. Huddersfield Giants Limited recharged season box and season ticket charges of £339 (2019: £8,313) and sundry expenses of £Nil (2019: £5,252). Huddersfield Giants Limited made payments to the company totalling £Nil (2019: £690) and the company made payments totalling £192 (2019: £6,754) to Huddersfield Giants Limited. At the year end the balance owing to Huddersfield Giants Limited was £Nil (2019 amounts owing to Huddersfield Giants Limited: £192).

22. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
31.12.20 31.12.19
£ £
Net income/(expenditure) for the reporting period (as per the Statement
of Financial Activities) 16,529 (95,073)
Adjustments for:
Depreciation charges 25,223 24,711
Loss on disposal of fixed assets - 3,082
Interest paid 336 -
Interest element of hire purchase and finance lease rental payments 1,506 3,222
Decrease in stocks 2,452 447
(Increase)/decrease in debtors (40,541) 48,913
Increase/(decrease) in creditors 33,942 (42,162)
Net cash provided by/(used in) operations 39,447 (56,860)

31

HUDDERSFIELD GIANTS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

23.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Cash at bank
Overdraft facility repayable on demand
Total cash and cash equivalents		 31.12.20
£
804
41,185
-
41,989		 31.12.19
£
791
52,105
(6,125)
46,771

24. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.20 Cash flow At 31.12.20
£ £ £
Net cash
Cash at bank and in hand 52,896 (10,907) 41,989
Bank overdraft (6,125) 6,125 -
46,771 (4,782) 41,989
Debt
Finance leases (19,136) 10,497 (8,639)
(19,136) 10,497 (8,639)
Total 27,635 5,715 33,350

32