2020-12-31-accounts - Swindon Town FC Community Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference	and adm	inistrative de	inistrative de	tails	tails	tails	tails
Registered	charity	name		Swindon Town FC Community				Foundation
Charity registration		number		1121820
Company	registration		number	06366200
Principal office and		registered		Foundation	Park
office				County Ground		Lane
				Swindon
				Wiltshire
				SN1 2FD
				UK
The trustees
				J M Spearman
				KSFraser
				C Brown
				M RCook
				W Craig
				M Gow
				A Wilkins
Auditor				Elliott Bunker Ltd
				Chartered	accountants		&statutory		auditor
				61 Macrae	Road
				Ham Green
				Bristol
				BS20ODD
Bankers				Bank ofScotland		Pic
				The Co-operative		Bank	Pic

Year ended 31 Dece	mber	2020
					2020		2019
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	K
Income and endowments
Donations and legacies				348,297	201,103	549,400	2246099
Charitable activities				369,717		369,717	648,661
Other trading activities				85,168		85,168	26,657
Investment income				974		974	1,779
Other income				6,758		6,758
Total income				810,914	201,103	1,012,017	2,923,196
Expenditure
Expenditure on charitable	activities		10	461,333	271,433	732,766	699,497
Total expenditure				461,333	271,433	732,766	699,497
Net income and net movement		in funds		349,581	(70,330)	279,251	2,223,699
Reconciliation offunds
Total funds brought forward				844,011	2,041,498	2,885,509	661,810
Total funds carried forward				1,193,592	1,971,168	3,164,760	2,885,509

					2020	2019
				Note	k	E
Fixed assets
Tangible fixed assets				16	2,537,735	2,521,607
Current assets
Debtors				17	178,317	146,133
Cash at bank and	in	hand			695,794	422,327
					874,111	568,460
Creditors: amounts		falling	due within one year	18	247,086	204,558
Net current assets					627,025	363,902
Total assets less	current		liabilities		3,164,760	2,885,509
Net assets					3,164,760	2,885,509
Funds ofthe charity
Restricted funds					1,971,168	2,041,498
Unrestricted funds					1,193,592	844,011
Total charity funds				21	3,164,760	2,885,509

		2020	2019
Cash flows from operating activities			r.
Net income		279,251	2,223,699
Adjustments for:
Depreciation oftangible fixed assets Other interest receivable and similar income Gains on disposal oftangible fixed assets		128,405 (974) (6,758)	4,560 (1,779)
Changesin:
Trade and other debtors Trade and other creditors		(32,184) 42,528	(43,781) 35,027
Cash generated from operations		410,268	2,217,726
Interest received		974	1,779
Net cash from operating activities		411,242	2,219,505
Cash flows from investing activities
Purchase oftangible assets Proceeds from sale oftangible assets		(147,376) 9,600	(2,400,010)
Net cash used in investing activities		(137,776)	(2,400,010)
Net increase/(decrease) in cash and cash Cash and cash equivalents at beginning	equivalents ofyear	273,466 422,327	(180,505) 602,832
Cash and cash equivalents at end ofyear		695,793	422,327

wound up, Donations	the liability in respe and legacies	ct ofthe guarantee is li	mited to K10.
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			6	E	E
Donations
Nationwide	Building Society		300		300
Other donations			16,786		16,786
D N Eady	Will Trust (including	tax recoverable)	103,636		103,636

					Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
					E	5	6
Grants
EFLTrust - Core Funding EFLTrust - Infrastructure	grant				35,000		35,000
PL - Primary Stars PL - Girls Development						43,333	43,333
PL - Kicks PL - Fans Zone Sport England Emergency	Response					27,083 6,120 8,500	27,083 6,120 8,500
Disability - Wembley National		Stadium Trust
Sport England Walking Football League Swindon Borough Council - Community			Intiatives	Fund	23,750	9,942	9,942 23,750
Swindon Borough Council	- Football Fans in Training					45,000	45,000
Swindon Borough Council PFA	- Onside Project				3,745	4,077	3,745 4,077
Funding for Foundation Park		facility
Coronavirus Government	Grants				118,793		118,793
National Lottery Community		Fund				45,985	45,985
Swindon Borough Council	- SOS				2,400		2,400
Grants - other					7,660	11,063	18,723
Sponsorship
Intel Corporation					14,747		14,747
Embassy - Social Inclusion					5,000		5,000
Foundation Park					3,980		3,980
David Coe - Minibus					12,500		12,500
					348,297	201,103	549,400
					Unrestricted	Restricted	Total Funds
					Funds	Funds f	2019 F
Donations
Nationwide Building Society					800		800
Other donations					4,350		4,350
D N Eady Will Trust (including		tax recoverable)

Donations and legacies	(continued)
		Unrestricted	Restricted	Total Funds
		Funds f	Funds f	2019 f
Grants
EFLTrust - Core Funding EFLTrust —Infrastructure PL - Primary Stars PL - Girls Development PL - Kicks PL - Fans Zone Sport England Emergency	grant Response	35,000	8,000 36,667 10,667 6,250 9,180	35,000 8,000 36,667 10,667 6,250 9,180
Disability - Wembley National Stadium Trust Sport England Walking Football League			16,200	16,200
Swindon Borough Council - Community intiatives Fund Swindon Borough Council - Football Fans in Training Swindon Borough Council - Onside Project PFA Funding for Foundation Park facility Coronavirus Government Grants		35,000	45,000 5,338 4,398 2,008,239	35,000 45,000 5,338 4,398 2,008,239
National Lottery Community Fund
Swindon Borough Council	- SOS
Grants - other		2,630		2,630
Sponsorship
Intel Corporation		11,500	1,900	13,400
Embassy - Social Inclusion
Foundation Park		4,980		4,980
David Coe - Minibus
		94,260	2,151,839	2,246,099

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			E	E	E
Football Education	Programme		107,760		107,760
Holiday courses			42,518		42,518
After school clubs			35,534		35,534
Saturday Team Club			13,330		13,330
In School Coaching Soccer Centres			26,120 95,306		26,120 95,306
Tournaments			300		300
Tiny tots, mini soccer and birthday		parties	10,190		10,190
Disability Football			7,899		7,899
Extra Time			5,304		5,304
Overseas tournaments
Girls Development			20,678		20,678
Kit sales			480		480
Junior Reds			1,649		1,649
Football Fans In Training			505		505
Other income			2,144		2,144
			369,717		369,717
			Unrestricted	Restricted	Total Funds
			Funds f	Funds E	2019
Football Education	Programme		110,390		110,390
Holiday courses			104,721		104,721
After school clubs			91,318		91,318
Saturday Team Club			23,710		23,710
In School Coaching			30,573		30,573
Soccer Centres			130,765		130,765
Tournaments			8,475	5,030	13,505
Tiny tots, mini soccer and birthday		parties	20,050		20,050
Disability Football			11,499		11,499
Extra Time			8,956		8,956
Overseas tournaments				36,137	36,137
Girls Development			47,716		47,716
Kit sales			10,015		10,015
Junior Reds			3,726		3,726
Football Fans In Training			2,930		2,930
Other income			2,650		2,650
			607,494	41,167	648,661

Ye	ar ended 31 December	ar ended 31 December	ar ended 31 December	2020
7.	Other trading activities
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
							E	F
	Foundation Foundation	Park Park	bookings cafe rental		45,103 2,992	45,103 2,992	25,857 800	25,857 800
	Foundation	Park	Swindon	Harriers
	Contribution				3,758	3,758
	Swindon Harriers Face Covers and		Grass pitch Snoods		2,575 30,629	2,575 30,629
	Other income				111	111
					85,168	85,168	26,657	26,657
8.	Investment	income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
					E			6
	Bank interest	receivable			974	974	1,779	1,779
9.	Other income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
					6		F	E
	Gain on disposal		oftangible	fixed assets
	held for charity's		own use		6,758	6,758

Expenditure on ch	aritable activities by fund typ	e
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		E	k	8
Salaries and wages Coaches and referees CRBchecks		272,578 1,009 265	130,027	402,605 1,009 265
Staff training		(564)	1,150	586
Travelling Coach hire		6,269 550		6,269 550
Kit and equipment		24,942	15,965	40,907
Prizes and goody bags		8,548		8,548
Catering and hospitality STFC Facilities, tickets and programmes		3,290 6,740		3,290 6,740
Venue hire		(19,010)	28,435	9,425
Extra time activities		479		479
Gothia Cup - travel
Barcelona Cup - travel
Football Education	Programme	151		151
Refunds		9,272		9,272
Girls Football		44		44
Junior Reds		561		561
Football Fans In Training		9,332		9,332
Zambia
Foundation Park costs		19,670		19,670
Support costs		117,207	95,856	213,063
		461,333	271,433	732,766
		Unrestricted	Restricted	Total Funds
		Funds f	Funds F	2019 6
Salaries and wages		305,696	97,376	403,072
Coaches and referees		4,015	120	4,135
CRBchecks		2,603		2,603
Staff training		616	93	709
Travelling		13,616	626	14,242
Coach hire		530	3,720	4,250
Kit and equipment		18,259	11,090	29,349
Prizes and goody bags		13,111	308	13,419
Catering and hospitality		5,258	23	5,281
STFC Facilities, tickets and programmes		22,508	60	22,568
Venue hire		30,862	2,317	33,179
Extra time activities		1,945		1,945
Gothia Cup - travel			17,839	17,839
Barcelona Cup - travel			21,874	21,874
Football Education	Programme	7,908		7,908
Refunds		7,333		7,333
Girls Football		200	60	260
Junior Reds		2,203		2,203
Football Fans In Training			5,605	5,605

ended 3	1 December 2020
Zambia		1,501	8,820	10,321
Foundation	Park costs	7,607		7,607
Support costs		78,172	5,623	83,795
		523,943	175,554	699,497

Analysis ofs	uppo	rt co	sts
				Unrestricted	Restricted
				Funds	Funds	Total 2020	Total 2019
					s	r	6
Post and stationery				1,159	1,312	2,471	1,901
Printing				3,460		3,460	10,784
Computer and website costs				4,847	3,077	7,924	5,370
Light and heat				7,377	3,280	10,657	1,831
Telephone				3,424		3,424	4,629
Repairs and	maintenance			637		637	1,685
Motor expenses				5,956	2,099	8,055	5,339
Vehicle leasing				3,052		3,052	3,172
Payroll costs				449		449	459
Pension contributions				15,153		15,153	15,184
Meetings and	conferences			394		394	667
Donations				700		700	60
Subscriptions				5,501		5,501	4,131
Sundries				1,923		1,923	1,483
Bank and merchants charges				7,633		7,633	8,775
Depreciation	and loss on disposals			42,831	85,574	128,405	4,560
Advertising				1,702	514	2,216	5,312
				106,198	95,856	202,054	75,342
Governance	costs
Insurance				1,336		1,336	784
Audit				3,300		3,300	2,500
Accountancy				6,373		6,373	5,169
				117,207	95,856	213,063	83,795
Net income
Net income is stated after charging/(crediting):
						2020	2019
Depreciation	oftangible		fixed assets			128,405	4,560
Gains on disp	osal	oftan	ible fixed assets			(6,758)

						2020	2019 F
	Fees payable for the audit ofthe financial			statements		3,300	2,500
14.	Staffcosts
	The total staff costs and employee		benefits	for the reporting	period are analysed	as follows:
						2020	2019
						6
	Wages and salaries					402,605	403,072
	Employer contributions	to pension	plans			15,153	15,184
						417,758	418,256

Tangible fixed as	sets
		Property development		Motor vehicles	Equipment	Total
			6		E	E
Cost At 1 Jan 2020 Additions		2,512,192 70,832		41,307 63,742	6,256 12,802	2,559,755 147,376
Disposals				(24,745)		(24,745)
At 31Dec2020		2,583,024		80,304	19,058	2,682,386
Depreciation At 1 Jan 2020 Charge for the year Disposals			107,626	36,253 16,488 (21,902)	1,895 4,291	38,148 128,405 (21,902)
At 31Dec2020			107,626	30,839	6,186	144,651
Carrying amount At 31Dec2020		2,475,398		49,465	12,872	2,537,735
At 31 Dec2019		2,512,192		5,054	4,361	2,521,607
Debtors
					2020	2019
Prepayments and Other debtors	accrued income				17,014 161,303	14,650 131,483
					178,317	146,133
Creditors: amounts		falling due within one year
					2020	2019
					'R	8
Trade creditors Accruals and deferred income Social security and other taxes Other creditors					2,097 230,028 7,026 7,935	188,772 7,026 8,760
					247,086	204,558
Deferred income
					2020	2019
						E
At 1 January 2020 Amount released to income Amount deferred in year					188,772 (188,772) 230,028	154,793 (154,793) 188,772
At 31 December	2020				230,028	188,772

end but relating t	o acti	vities ta	king place after the year end	as follows:
				2020	2019
					F
Gothia Cup Barcelona Cup After School Clubs Soccer centres				23,855 16,768 1,835 5,113	11,100 16,015 19,925 10,731
Tiny Tots				971	2,439
Other				939	5,229
Football Development		Programme		75,000	70,000
Intel Corporation	sponsorship		income	33,333	20,833
Football Fans in SBC-CIF	Training			7,500 5,000	7,500 8,750
PL Primary Stars				26,667	10,000
EFLTrust Core Funding				7,000
PL Kicks				18,147	6,250
Foundation Park	Bookings			7,900
				230,028	188,772

							At
			At 1 Jan 2020 f.	Income	Expendituref	Transfers F	31Dec2020 f
General funds Foundation Park (self-			348,058	707,278	(437,717)	(35,000)	582,619
funded element) Covered bowls facility 3G pitch sinking fund			495,953	103,636	(23,616)	35,000	472,337 103,636 35,000
			844,011	810,914	(461,333)		1,193,592
							At
			At 1 Jan 2019 f	Income	Expendituref	Transfers f	31 Dec 2019 f
General funds Foundation Park (self-			150,000	730,190	(523,943)	(8,189)	348,058
funded element) Covered bowls facility			495,895			58	495,953
3G pitch	sinking	fund
			645,895	730,190	(523,943)	(8,131)	844,011

Incoming resources include a total off23,750(2019- f35,0 which has been used to fund the following:	00) received from Swindon Boroug	h Council
	2020 f	2019
Coaches personal development	2,037	3,000
Extra time	3,053	4,500
Disability programme Tiny Tots and Mini Soccer programme	3,053 3,053	4,500 4,500
Football Tournaments and Festivals	1,697	2,500
Girls Football Development Staff Salary Contribution	3,053 7,804	4,500 11,500
	23,750	35,000

Restricted funds
					At
	At 1 Jan 2020 E	Income f	Expenditure 5	Transfers 6	31Dec2020 F
Girls development	456		300		756
Premier League - Primary
Stars	6,071	43,333	(45,450)		3,954
Social Inclusion &
Disability Football	4,324				4,324
Swindon Borough Council
- Floodlights grant
Swindon Borough Council
- Football Fans in Training	4,724	45,000	(45,000)		4,724
Gothia Cup
Barcelona Cup
Donations for Minibus	2,211		(553)		1,658
Zambia trip
EFLTrust infrastructure
grant	1,679		(170)		1,509
Premier League Fans
Fund	3,366	6,120	(6,961)		2,525
PFA		4,077	(3,077)		1,000
Premier League Kicks	2,428	27,083	(24,762)		4,749
Onside Project
Sport England Emergency
Response		8,500	(8,500)
Sport England Walking
Football League		9,942	(3,866)		6,076
National Lottery Covid-19
Response		45,985	(38,321)		7,664
EFLTrust - Tackling
Loneliness Together		11,063	(11,063)
Foundation Park external
funding	2,016,239		(84,010)		1,932,229
	2,041,498	201,103	(271,433)		1,971,168
					At
	At 1 Jan 2019	Income	Expenditure	Transfers	31 Dec 2019
	6	5		r	5
Girls development	1,373	10,667	(11,584)		456
Premier League - Primary
Stars	1,062	36,667	(31,658)		6,071
Social Inclusion 8
Disability Football	2,108	16,200	(13,984)		4,324
Swindon Borough Council
- Floodlights grant	1,405		(1,405)
Swindon Borough Council
- Football Fans in Training	2,955	45,000	(43,231)		4,724
Gothia Cup		18,464	(19,986)	1,522

Analysis ofcharitable	funds	fconunueri)
Barcelona Cup			19,573	(23,049)	3,476
Donations for Minibus		2,948		(737)		2,211
Zambia trip		2,158	5,030	(10,321)	3,133
EFLTrust infrastructure
grant		1,906	8,000	(227)	(8,000)	1,679
Premier League Fans
Fund			9,180	(5,814)		3,366
PFA			4,398	(4,398)
Premier League Kicks			6,250	(3,822)		2,428
Onside Project			5,338	(5,338)
Sport England Emergency
Response
Sport England Walking
Football League
National Lottery Covid-1	9
Response
EFLTrust - Tackling
Loneliness Together
Foundation Park external
funding			2,008,239		8,000	2,016,239
		15,915	2,193,006	(175,554)	8,131	2,041,498

Analysis of net as	sets between funds
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		E	F	E
Tangible fixed assets		501,497	2,036,239	2,537,736
Current assets		746,928	127,183	874,111
Creditors less than	1 year	(154,151)	(92,936)	(247,087)
Net assets		1,094,274	2,070,486	3,164,760
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
		E	E
Tangible fixed assets		499,112	2,022,495	2,521,607
Current assets		498,592	69,868	568,460
Creditors less than	1 year	(153,693)	(50,865)	(204,558)
Net assets		844,011	2,041,498	2,885,509

23.	Analysis	ofc	han	ges in	net debt
										At
							At 1 Jan 2020		Cash flows	31Dec	2020 f
	Cash at bank and			in hand				422,327	273,467	695,794
24.	Operating	lease		commitments
	The total	future	minimum		lease payments	under	non-cancellable	operating	leases are as follows:
									2020		2019
											F
	Not later than		1 year						2,200		2,110
	Later than	1 year		and not	later than 5years				5,871
									8,071		2,110