| Page | |||||||
|---|---|---|---|---|---|---|---|
| Trustees' | annual report (incorporating |
the | directors' | report) | |||
| Independent auditor's |
report to | the members | 13 | ||||
| Statement | offinancial | activities | (including | income and expenditure | |||
| account) | |||||||
| Statement | offinancial | position | 19 | ||||
| Statement | ofcash flows | 20 | |||||
| Notes to the financial | statements | 21 |
| Year ende | Year ende | d 31 January 2 |
d 31 January 2 |
d 31 January 2 |
021 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The trustees, | who are also the | directors for the |
purposes | of | company | law, present | their report and the financial | ||||
| statements | ofthe charity | for the | year ended 31 January 2021. | ||||||||
| Reference | and administrative | details | |||||||||
| Registered | charity | name | Exeter City | Community | Trust | ||||||
| Charity registration | number | 1121596 | |||||||||
| Company | registration | number | 06053326 | ||||||||
| Principal office and | registered | StJames Park | |||||||||
| office | Stadium Way |
||||||||||
| Exeter | |||||||||||
| Devon | |||||||||||
| EX46PX | |||||||||||
| UK | |||||||||||
| The trustees | |||||||||||
| D C Coard | (Resigned | 15September 2020) | |||||||||
| GJ Cridland | (Resigned | 15September 2020) | |||||||||
| CJ Gill | (Resigned | 15September 2020) | |||||||||
| C Hill | (Resigned | 20 May 2020) | |||||||||
| JA Hodgkins | |||||||||||
| N Murray | (Resigned | 20 May 2020) | |||||||||
| JTagg | |||||||||||
| M J Weiler | (Resigned | 20 May 2020) | |||||||||
| A I Richards |
(Appointed | 17November 2020) | |||||||||
| M L Davey | (Appointed | 17November 2020) | |||||||||
| BH Hayes | (Appointed | 26January 2021) | |||||||||
| D G Kirk | (Appointed | 26January 2021) | |||||||||
| PJ Goodes | |||||||||||
| R Morshead | |||||||||||
| EA Davis | |||||||||||
| RW Marsh | |||||||||||
| Company | secretary | R Knight | |||||||||
| Auditor | Elliott Bunker Ltd | ||||||||||
| Chartered | accountants | &statutory | auditor | ||||||||
| 61 Macrae | Road | ||||||||||
| Ham Green | |||||||||||
| Bristol | |||||||||||
| BS20ODD | |||||||||||
| Chief executive officer | JVittles |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Nots | F | F | 8 | ||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 255,938 | 311,771 | 567,709 | 304,824 | ||
| Charitable activities |
6 | 508,852 | 39,438 | 548,290 | 1,193,704 | ||
| Other trading activities |
7 | 10,900 | |||||
| Investment income |
8 | 2,130 | 2,130 | 3,323 | |||
| Total income | 766,920 | 351,209 | 1,118,129 | 1,512,751 | |||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 9 | 634,979 | 304,965 | 939,944 | 1,454,735 | |
| Total expenditure | 634,979 | 304,965 | 939,944 | 1,454,735 | |||
| Net income and net movement | in funds | 131,941 | 46,244 | 178,185 | 58,016 | ||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
397,539 | 46,870 | 444,409 | 386,393 | |||
| Total funds carried forward | 529,480 | 93,114 | 622,594 | 444,409 |
| 31January 20 |
21 | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Note | 6 | F | ||||
| Fixed assets | ||||||
| Tangible fixed assets | 15 | 33,443 | 28,033 | |||
| Current assets | ||||||
| Debtors | 16 | 174,126 | 142,404 | |||
| Cash at bank and | in | hand | 806,045 | 521,572 | ||
| 980,171 | 663,976 | |||||
| Creditors: amounts | falling | due within one year | 17 | 391,020 | 247,600 | |
| Net current assets | 589,151 | 416,376 | ||||
| Total assets less | current | liabilities | 622,594 | 444,409 | ||
| Net assets | 622,594 | 444,409 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | 93,114 | 46,870 | ||||
| Unrestricted funds |
529,480 | 397,539 | ||||
| Total charity funds | 20 | 622,594 | 444,409 |
| Year ended 3 | 1 January | 2021 | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| F | |||||
| Cash flows from operating | activities | ||||
| Net income | 178,185 | 58,016 | |||
| Adjustments for: |
|||||
| Depreciation oftangible fixed assets |
10,149 | 6,909 | |||
| Other interest receivable and |
similar income | (2,130) | (3,323) | ||
| Accrued income | (3,718) | (1,877) | |||
| Chengesin: | |||||
| Trade and other | debtors | (31,722) | (5,325) | ||
| Trade and other | creditors | 147,138 | (159,074) | ||
| Cash generated | from operations | 297,902 | (104,674) | ||
| Interest received | 2,130 | 3,323 | |||
| Net cash from/(used in) operating activities |
300,032 | (101,351) | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible assets | (15,559) | (21,497) | |||
| Net cash used in |
investing activities |
(15,559) | (21,497) | ||
| Net increase/(decrease) in cash and cash |
equivalents | 284,473 | (122,848) | ||
| Cash and cash | equivalents | at beginning | ofyear | 521,572 | 644,420 |
| Cash and cash | equivalents | at end ofyear | 806,045 | 521,572 |
| the useful economic life ofthat |
asset as follows: | |
|---|---|---|
| Plant and machinery | 25%straight | line |
| Fixtures and fittings | 25% straight | line |
| Motor vehicles | 25% straight | line |
| Equipment | 15%straight | line |
| Donations and le |
gacies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| F | 6 | 6 | ||
| Grants | ||||
| EFLTrust: Core funding | 35,000 | 35,000 | ||
| Education | 7,500 | 7,500 | ||
| Sports participation | 687 | 67,348 | 68,035 | |
| Social inclusion | 16,286 | 78,407 | 94,693 | |
| Health and wellbeing | 1,098 | 140,757 | 141,855 | |
| Covid-1 9 grants - | ECC/JRS | 175,370 | 24,309 | 199,679 |
| Other | 2,593 | 2,593 | ||
| Sponsorship | ||||
| Sponsorship | ||||
| Other donations | and legacies | |||
| Donations | 17,404 | 950 | 18,354 | |
| 255,938 | 311,771 | 567,709 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds 6 |
2020 f |
||
| Grants | ||||
| EFLTrust: Core funding | 35,000 | 35,000 | ||
| Education | ||||
| Sports participation | 4,860 | 72,653 | 77,513 | |
| Social inclusion | (615) | 122,391 | 121,776 | |
| Health and wellbeing | 11,600 | 17,305 | 28,905 | |
| Covid-19 grants - | ECC/JRS | |||
| Other | 1,250 | 8,000 | 9,250 |
| Donations | and le | gacies [canrrnusrri |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds f |
Funds f |
2020 f |
|||
| Sponsorship | |||||
| Sponsorship | 22,026 | 22,026 | |||
| Other donations | and legacies | ||||
| Donations | 7,404 | 2,950 | 10,354 | ||
| 81,525 | 223,299 | 304,824 | |||
| Charitable | activities | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| Education | 106,373 | 106,373 | |||
| Sports participation | 135,706 | 35,244 | 170,950 | ||
| Social inclusion | 243,920 | 3,968 | 247,888 | ||
| Health and | wellbeing | 18,185 | 226 | 18,411 | |
| Other income | 4,668 | 4,668 | |||
| 508,852 | 39,438 | 548,290 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| f | F | F | |||
| Education | 172,206 | 172,206 | |||
| Sports participation | 349,456 | 31,166 | 380,622 | ||
| Social inclusion | 564,498 | 564,498 | |||
| Health and | wellbeing | 61,165 | 61,165 | ||
| Other income | 15,213 | 15,213 | |||
| 1,162,538 | 31,166 | 1,193,704 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds f |
2021 f |
Funds | 2020 f |
|||
| Fundraising | events | 10,900 | 10,900 | |||
| 8. | Investment | income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds F |
2021 f |
Funds f |
2020 F |
|||
| Bank interest | receivable | 2,130 | 2,130 | 3.323 | 3,323 |
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| E | E | E | |
| Education | 40,433 | 40,433 | |
| Sports participation | 163,597 | 66,114 | 229,711 |
| Social inclusion | 164,676 | 59,956 | 224,632 |
| Health and wellbeing | 42,501 | 113,094 | 155,595 |
| Other | 16,135 | 16,135 | |
| Support costs | 207,637 | 65,801 | 273,438 |
| 634,979 | 304,965 | 939,944 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| E | E | E | |
| Education | 64,883 | 64,883 | |
| Sports participation | 297,895 | 89,553 | 387,448 |
| Social inclusion | 486,377 | 98,112 | 584,489 |
| Health and wellbeing | 56,811 | 18,508 | 75,319 |
| Other | 25,100 | 25,100 | |
| Support costs | 260,140 | 57,356 | 317,496 |
| 1,191,206 | 263,529 | 1,454,735 |
| 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| F | |||||||||||
| Administrative | salaries | including | employer's | Nl | 112,080 | 105,385 | |||||
| Staff pensions | 11,484 | 11,389 | |||||||||
| Staff training | and conferences | 1,615 | 3,441 | ||||||||
| DBSchecks | 390 | 1,192 | |||||||||
| Motor expenses | 10,306 | 15,946 | |||||||||
| Advertising | and promotion | 62,718 | 79,511 | ||||||||
| Telephone and internet |
4,301 | 7,313 | |||||||||
| Computer support |
and | website | 2,677 | 4,138 | |||||||
| Printing, stationery |
and | postage | 1,501 | 4,261 | |||||||
| Heat and light | 4,085 | 5,703 | |||||||||
| Repairs and | maintenance | 3,512 | 9,408 | ||||||||
| Cleaning | 1,450 | 1,706 | |||||||||
| Fundraising | expenses | 59 | 10,230 | ||||||||
| Management | accounts | &bookkeeping | 28,960 | 34,569 | |||||||
| Bank charges | 1,845 | 530 | |||||||||
| Bad debts | 3,166 | 1,225 | |||||||||
| Sundries | 1,729 | 487 | |||||||||
| Depreciation | 4,570 | 2,525 | |||||||||
| Grants and donations | paid | 3,462 | 3,677 | ||||||||
| Legal, consultancy | and | professional | fees | 6,030 | 9,590 | ||||||
| 265,940 | 312,226 | ||||||||||
| Governance | costs | ||||||||||
| Trustees' insurance |
2,618 | 1,120 | |||||||||
| Legalfees | 420 | 150 | |||||||||
| Audit fee | 4,460 | 4,000 | |||||||||
| 273,438 | 317,496 | ||||||||||
| Net income | |||||||||||
| Net income is | stated after charging/(crediting): | ||||||||||
| 2021 | 2020 | ||||||||||
| 6 | |||||||||||
| Depreciation | oftangible | fixed assets | 10,149 | 6,909 | |||||||
| 12. | Auditors remuneration |
||||||||||
| 2021 | 2020 | ||||||||||
| 6 | |||||||||||
| Fees payable | for the audit ofthe | financial statements | 4,460 | 4,000 |
| Staff co | sts | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The total | staff | costs | and | employee | benefits for the reporting | period are analysed | as follows: | |||||
| 2021 | 2020 | |||||||||||
| 6 | 6 | |||||||||||
| Wages and salaries | 650,705 | 763,731 | ||||||||||
| Employer | contributions | to | pension | plans | 11,484 | 11,389 | ||||||
| 662,189 | 775,120 | |||||||||||
| The average | head | count | of | employees | during | the year | was 68 (2020: 72). | The average | number of |
|||
| full-time | equivalent | employees | during the | year is | analysed | as follows: | ||||||
| 2021 | 2020 | |||||||||||
| No. | No. | |||||||||||
| Administration | staif | 4 | 4 | |||||||||
| Coaching | staff | 64 | 68 | |||||||||
| 68 | 72 |
| Tangible fixed assets | ||||||
|---|---|---|---|---|---|---|
| Freehold | Plant and | Fixtures and | Motor | |||
| property | machinery | fittings | vehicles | Equipment | Total | |
| 8 | F | 6 | 8 | 8 | 6 | |
| Cost | ||||||
| At 1 Feb 2020 | 38,131 | 30,775 | 1,845 | 9,486 | 80,238 | |
| Additions | 14,401 | 1,158 | 15,559 | |||
| At 31Jan 2021 | 38,131 | 45,176 | 1,845 | 10,644 | 95,797 | |
| Depreciation | ||||||
| At 1 Feb 2020 | 26,366 | 14,821 | 1,845 | 9,173 | 52,205 | |
| Charge for the year | 5,537 | 4,144 | 468 | 10,149 | ||
| At 31Jan 2021 | 31,903 | 18,965 | 1,845 | 9,641 | 62,354 | |
| Carrying amount |
||||||
| At 31Jan 2021 | 6,228 | 26,211 | 1,003 | 33,443 | ||
| At 31Jan 2020 | 11,765 | 15,954 | 313 | 28,033 |
| Debtors | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Trade debtors | 110,116 | 83,918 | |
| Prepayments | and accrued income | 64,010 | 58,486 |
| 174,126 | 142,404 |
| Trade creditors | |
|---|---|
| Accruals and deferred | income |
| Other creditors |
| 2021 | 2020 |
|---|---|
| 6 | |
| 4,723 | 21,784 |
| 309,682 | 156,502 |
| 76,615 | 69,314 |
| 391,020 | 247,600 |
| Deferred income |
||
|---|---|---|
| 2021 | 2020 f |
|
| At 1 February 2020 | 142,508 | 273,099 |
| Amount released to income |
(142,508) | (273,099) |
| Amount deferred in year |
299,406 | 142,508 |
| At 31January 2021 |
299,406 | 142,508 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 6 | |||||
| Running | events | 39,126 | 39,516 | ||
| National | Citizen | Service | 20,100 | ||
| Premier | League | Kicks | 23,334 | 1,818 | |
| Premier | League | Primary Stars | 40,834 | 12,264 | |
| Primary | School | Delivery | 14,083 | ||
| Futsal BTecand | Foundation | Degree | 44,091 | ||
| Disability | projects | 13,211 | 25,521 | ||
| Covenantfund | 18,000 | ||||
| Social inclusion | projects | 15,000 | |||
| Exeter City Women | 11,225 | 4,800 | |||
| Health and wellbeing projects |
75,021 | 10,321 | |||
| Other | 19,564 | 14,085 | |||
| 299,406 | 142,508 |
| At | ||||||||
|---|---|---|---|---|---|---|---|---|
| At | 1 | Feb 2020 | Income | Expenditure | Transfers | 31Jan 2021 | ||
| F | 6 | 6 | 8 | |||||
| General | funds | 397,539 | 766,920 | (634,979) | 529,480 | |||
| At | ||||||||
| At | 1 | Feb 2019 | Income | Expenditure | Transfers | 31 Jan 2020 | ||
| 6 | 6 | 8 | F | |||||
| General | funds | 331,645 | 1,258,286 | (1,191,206) | (1,186) | 397,539 |
| Analysis ofcharita Restricted funds |
ble fu |
nds /con//nusu/ |
||||
|---|---|---|---|---|---|---|
| At | ||||||
| At 1 Feb 2020 | Income | Expenditure | Transfers | 31Jan 2021 | ||
| 5 | F | 8 | ||||
| PL Girls | ||||||
| PL Primary Stars | (5,500) | 85,497 | (68,337) | 11,660 | ||
| PL Kicks | 2,387 | 50,484 | (39,232) | 13,639 | ||
| Doorstep Sports Club | ||||||
| Disability Football/Sport |
17,975 | 17,904 | (20,884) | 14,995 | ||
| Ability Counts | 5,931 | (7,703) | (1,772) | |||
| C Fraser Memorial | Fund | 2,179 | 2,179 | |||
| Fundraising -Prostate |
||||||
| Cancer UK | ||||||
| Get on Track | ||||||
| Active Communities | ||||||
| Exeter Sports Fund | ||||||
| Traineeships/CoLab | 12,115 | (6,890) | 5,225 | |||
| Clare Milne Trust | 7,800 | (4,000) | 3,800 | |||
| Junior Grecians | 12,933 | 8,198 | (11,735) | 9,396 | ||
| Sporting Memories |
4,973 | (5,106) | (133) | |||
| PFA - Futsal laptops | 892 | (535) | 357 | |||
| Innovation project |
||||||
| Covenant fund |
9,454 | (11,051) | (1,597) | |||
| Infrastructure grant |
2,690 | 2,690 | ||||
| Exeter City Women | 3,808 | 19,204 | (10,708) | 12,304 | ||
| Wellbeing Exeter |
1,190 | 71,415 | (71,274) | 1,331 | ||
| PL Fans Fund | 516 | 6,825 | (1,694) | 5,647 | ||
| Tackling Loneliness | ||||||
| Together | 14,973 | (13,475) | 1,498 | |||
| Creating Connections |
44,236 | (32,341) | 11,895 | |||
| 46,870 | 351,209 | (304,965) | 93,114 | |||
| At | ||||||
| At 1 Feb 2019 5 |
Income 5 |
Expenditure 5 |
Transfers f |
31 Jan 2020 F |
||
| PL Girls | 964 | 9,325 | (7,091) | (3,198) | ||
| PL Primary Stars | 1,439 | 72,653 | (79,592) | (5,500) | ||
| PL Kicks | 36,628 | (37,439) | 3,198 | 2,387 | ||
| Doorstep Sports Club | 8,701 | (8,701) | ||||
| Disability Football/Sport |
16,103 | 31,218 | (29,346) | 17,975 | ||
| Ability Counts | 2,548 | (12,586) | 10,038 | |||
| C Fraser Memorial | Fund | 2,418 | (239) | 2,179 | ||
| Fundraising - Prostate |
||||||
| Cancer UK | 1,911 | (1,911) | ||||
| Get on Track | 2,393 | (2,393) | ||||
| Active Communities | 1,441 | (53) | (1,388) | |||
| Exeter Sports Fund | 2,339 | (3,500) | 1,161 |
| 20. | Analysis ofcharitable |
funds | (conrinurrrr/ | ||||
|---|---|---|---|---|---|---|---|
| Traineeships/CoLab | 22,255 | (17,554) | (4,701) | ||||
| Clare Milne Trust | 11,800 | (4,000) | 7,800 | ||||
| Junior Grecians | 500 | 18,304 | (12,729) | 6,858 | 12,933 | ||
| Sporting Memories |
1,473 | 2,144 | (4,590) | 973 | |||
| PFA - Futsal laptops | 1,427 | (535) | 892 | ||||
| Innovation project |
1,813 | 8,167 | (7,611) | (2,369) | |||
| Covenant fund |
26 | 10,000 | (13,645) | 3,619 | |||
| Infrastructure grant |
8,000 | (5,310) | 2,690 | ||||
| Exeter City Women | 15,812 | (12,004) | 3,808 | ||||
| Wellbeing Exeter |
5,161 | (3,971) | 1,190 | ||||
| PL Fans Fund | 12,250 | (11,734) | 516 | ||||
| Tackling Loneliness | |||||||
| Together | |||||||
| Creating Connections | |||||||
| 254,465 | (263,529) | 1,186 | 46,870 |
| 21. | Analysis | of net ass | ets between funds | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| E | E | |||||
| Tangible | fixed assets | 11,414 | 22,029 | 33,443 | ||
| Current | assets | 518,066 | 71,085 | 589,151 | ||
| Net assets | 529,480 | 93,114 | 622,594 | |||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| E | E | E | ||||
| Tangible | fixed assets | 12,800 | 15,233 | 28,033 | ||
| Current | assets | 384,739 | 31,637 | 416,376 | ||
| Net assets | 397,539 | 46,870 | 444,409 | |||
| 22. | Analysis | ofchanges | In net debt | |||
| At | ||||||
| At 1 Feb 2020 | Cash flows | 31Jan 2021 | ||||
| E | E | E | ||||
| Cash at | bank and in | hand | 521,572 | 284,473 | 806,045 |