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|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees'
Report||2to 6|
|Statement ofTrustees'|Responsibilities||
|Independent
Auditors'|Report|8to 10|
|Statement
of Financial|Activities|11to 12|
|Balance Sheet||13|
|Statement of Cash Flows|||
|Notes to the Financial|Statements|15to 25|
##
|||Grimsb|y|Town|Football
in the Community
Spo|Football
in the Community
Spo|rts and Education Tr|rts and Education Tr|ust|
|---|---|---|---|---|---|---|---|---|---|
||||||Reference and Administrative||Details|||
|Charity|name||||Grimsby
Town Football|in the Community||Sports and Education|Trust|
|Charity|Registration||Number||1123447|||||
|Company||Registration||Number|6500460|||||
|Trustees|||||SWraith|||||
||||||C Grocock|||||
||||||N Massingham|||||
||||||D Cook|||||
||||||M Baker|||||
|Other Officers|||||G Rodger, Manager|||||
||||||J Schofield, C.E.O|||||
|Registered||Office|||Blundell
Park|||||
||||||Cleethorpes|||||
||||||North East Lincolnshire|||||
||||||DN35 7PY|||||
|Auditor|||||Forrester Boyd|||||
||||||Chartered
Accountants|||||
||||||26 South Saint Mary's|Gate||||
||||||Grimsby|||||
||||||North East Lincolnshire|||||
||||||DN31 1LW|||||
|Bankers|||||National
Westminster|Bank Pic||||
||||||Sea View Street|||||
||||||Cleethorpes|||||
||||||DN35 SYA|||||
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|(Including
In|come a|nd Expen|diture
A|ccount and St
and Losses)|atement ofTo|tal Recognise|d
Gains|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|2022|2021|
||||Note|8|F|8|8|
|income and Endowments||from:||||||
|Donations
and legacies||||1,108||1,108||
|Charitable
activities||||196,081|1,016,027|1,212,108|559,969|
|Other income||||3,515|2,455|5,970|49,452|
|Total Income||||200,704|1,018,482|1,219,186|609,421|
|Expenditure
on:
Charitable
activities||||(116,433)|(873,424)|(989,857)|(476,642)|
|Total expenditure||||(116,433)|(873,424)|(989,857)|(476,642)|
|Net income||||84,271|145,058|229,329|132,779|
|Transfers
between|funds|||(65,559)|65,559|||
|Net movement
in funds||||18,712|210,617|229,329|132,779|
|Reconciliation
of|funds|||||||
|Total funds brought|forward|||99,835|131,262|231,097|98,318|
|Total funds carried|forward||17|118,547|341,879|460,426|231,097|
##
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|(Including
In|come a|nd Expenditure|Account and
and Losses)|Statement of T|otal Recognise|d
Gains|
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
||||Note|funds
f|fundsf|2021f|
|Income and Endowments||from:|||||
|Charitable
activities||||82,854|477,115|559,969|
|Other income||||(100)|49,552|49,452|
|Total income||||82,754|526,667|609,421|
|Expenditure
on:
Charitable
activities|||5|~(77,577|(399,065)|(476,642)|
|Total expenditure||||(77,577)|(399,065)|(476,642)|
|Net income||||5,177|127,602|132,779|
|Transfers
between|funds|||(3,660)|3,660||
|Net movement
in funds||||1,517|131,262|132,779|
|Reconciliation
of|funds||||||
|Total funds brought|forward|||98,318||98,318|
|Total funds carried|forward||17|99,835|131,262|231,097|
##
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|||||Note|2022|2021f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||||10|24,058|32,743|
|Current assets|||||||
|Debtors||||11|62,554|61,246|
|Cash at bank and|in hand|||12|481,964|306,306|
||||||544,518|367,552|
|Creditors: Amounts||falling due within one year||ia|~(108,150|129,846)|
|Net current assets|||||436,368|237,706|
|Total assets less|current||liabilities||460,426|270,449|
|Creditors: Amounts||falling due after more than one year||14||(39,352)|
|Net assets|||||460,426|231,097|
|Funds ofthe charity:|||||||
|Restricted
income funds|||||||
|Restricted
funds||||17|341,879|131,262|
|Unrestricted
income||funds|||||
|Unrestricted
funds||||17|118,547|99,835|
|Total funds|||||460,426|231,097|
##
##
|Statem|ent ofCash|Flows for the|Year Ended 31|May 2022||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|6|F|
|Cash flows from operating|activities|||||
|Net cash income||||229,329|132,779|
|Adjustments
to cash flows
Depreciation
Profit on disposal oftangible|from non-cash
fixed assets|items||9,256
~1,122|7,015|
|||||237,463|139,794|
|Working
capital adjustments||||||
|Increase
in debtors|||11|(1,308)|(2,488)|
|Increase/(decrease)
in creditors|||13|14,870|(12,979)|
|(Decrease)/increase
in deferred
income|||14|(65,918)|34,016|
|Net cash flows from operating|activities|||185,107|158,343|
|Cash flows from investing|activities|||||
|Purchase
oftangible
fixed assets|||10|(949)|(21,778)|
|Sale oftangible
fixed assets||||1,500||
|Net cash flows from investing|activities|||551|(21,778)|
|Cash flows from financing|activities|||||
|Repayment
of loans and borrowings|||13|(10,000)||
|Net increase
in cash and cash equivalents||||175,658|136,565|
|Cash and cash equivalents
at 1 June||||306,306|169,741|
|Cash and cash equivalents
at 31 May||||481,964|306,306|
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|Incoming resources from charitable
activit|ies|||
|---|---|---|---|
||Unrestricted|||
||funds|Restricted|Total|
||General|funds|2022|
|||6|6|
|Grants receivable||1,016,026|1,016,026|
|Soccer schools and courses|196,081||196,081|
||196,081|1,016,026|1,212,107|
||Unrestricted|||
||funds|Restricted|Total|
||General
6|fundsf|2021
6|
|Other Income||2,600|2,600|
|Grants receivable||474,515|474,515|
|Soccer schools and courses|72,854||72,854|
||72,854|477,115|549,969|
##
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|3
Other income||||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Restricted|Total|
||||General
F.|funds
F|2022f|
|Income from Trading||Activities|3,515||3,515|
|Other Government|Grants|||2,455|2,455|
||||3,515|2,455|5,970|
||||Unrestricted|||
||||funds|Restricted|Total|
||||General
f|fundsf|2021|
|Income from Trading||Activities|(100)||(100)|
|Other Government|Grants||10,000|49,552|59,552|
||||9,900|49,552|59,452|
##
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##
|||||Activity|Grant|Activity||
|---|---|---|---|---|---|---|---|
|||||undertaken|funding
of|support||
|||||directly
f|activity
f|costs
f|2022f|
|Facility hire||||15,226|3,978||19,204|
|Employment|costs|||474,816|67,597||542,413|
|Direct project|costs|||298,868|15,688||314,556|
|Staff training||||13,900|6,255||20,155|
|Establishment|costs|||26,344|5,018||31,362|
|Repairs and maintenance||||10,938|2,084||13,022|
|Office expenses||||2,612|498||3,110|
|Stationery,
postage||& advertising||13,453|3,889||17,342|
|Sundry
and other costs||||1,135|216||1,351|
|Auditors
remuneration||||||8,000|8,000|
|Legal and professional|||costs|||7,163|7,163|
|Bank charges||||3,399|647||4,046|
|Depreciation|oftangible||fixed assets||9,256||9,256|
|Profit on sale|ofasset||||(1,122)||(1,122)|
|||||860,691|114,004|15,163|989,858|
|||||Activity|Grant|Activity||
|||||undertaken|funding of|support||
|||||directly
f|activity|costs
f|2021f|
|Facility hire||||115|880||995|
|Employment|costs|||281,120|44,133||325,253|
|Direct project|costs|||47,509|7,316||54,825|
|Staff training||||4,215|7,224||11,439|
|Establishment|costs|||24,588|4,284||28,872|
|Repairs and maintenance||||16,956|2,760||19,716|
|Office expenses||||4,977|810||5,787|
|Stationery,
postage||&advertising||4,059|629||4,688|
|Sundry and other costs||||912|148||1,060|
|Auditors
remuneration||||||7,200|7,200|
|Legal and professional|||costs|||8,113|8,113|
|Bank charges||||1,444|235||1,679|
|Depreciation|oftangible||fixed assets||7,015||7,015|
|||||385,895|75,434|15,313|476,642|
##
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|Restricted|income|
|---|---|
|Unrestricted|Income|
|Restricted|Income|
|Unrestricted|Income|
|Basis ofallocation:||
|A- Income|Levels|
||Other||
|---|---|---|
||sUpport|Total|
|Basis of
allocation|costs
f|2022f|
|A|12,434|12,434|
|A|2,729|2,729|
||15,163|15,163|
||Other||
||svpport|Total|
|Basis of
allocation|costsf|2021f|
|A|13,169|13,169|
|A|2,144|2,144|
||15,313|15,313|
##
|Governance costs||||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Restricted|Total|
||||General
f.|fundsf|funds|
|Audit fees||||||
|Audit ofthe financial
statements|||800|4,200|5,000|
|Other fees paid to auditors|||480|2,520|3,000|
|Legalfees|||1,146|6,017|7,163|
|Depreciation,
amortisation
and other similar costs|||(1,121)||(1,121)|
|Total for 2022|||1,305|12,737|14,042|
|Total for 2021|||2,144|13,169|15,313|
|6
Net incoming/outgoing|resources|||||
|Net incoming
resources for|the year include:|||||
|||||2022|2021f|
|Auditor's
remuneration
- audit fees||||5,000|2,500|
|Auditor's
remuneration
- other non-audit||services||3,000|3,500|
|Profit on disposal oftangible
Depreciation
offixed assets|fixed assets|||(1,121)
9,256|7,015|
##
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##
|The aggregate|payroll costs were as follows:|||
|---|---|---|---|
|||2022|2021|
|Wages and salaries||509,219|303,940|
|Social security|costs|26,892|16,119|
|Pension costs||6,301|5,194|
|||542,412|325,253|
##
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|10Tangible fixed assets||||
|---|---|---|---|
||Plant and|||
||machinery|||
||including|Fixtures,||
||motor|fittings and||
||vehicles|equipment
f|Total|
|Cost||||
|At 1 June 2021|39,104|42,092|81,196|
|Additions
Disposals|~(5,10~|949|949
(5,109)|
|At 31 May 2022|33,995|43,041|77,036|
|Depreciation||||
|At 1 June 2021|13,928|34,524|48,452|
|Charge for the year|4,959|4,297|9,256|
|Eliminated
on disposals|(4,730)||(4,730)|
|At 31 May 2022|14,157|38821|52 978|
|Net book value||||
|At 31 May 2022|19,838|4220|24 058|
|At 31 May 2021|25,176|7,568|32,744|
|11Debtors||||
|||2022|2021|
|||f.|F|
|Trade debtors||35,952|26,974|
|Prepayments||2,481|31,691|
|Accrued income||22,911|1,572|
|Other debtors||1,210|1,009|
|||62,554|61,246|
|12Cash and cash equivalents||||
|||2022f|2021f|
|Cash at bank||481,964|306,306|
##
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##
|13Creditors: amo|unts
falling d|ue within one year|||
|---|---|---|---|---|
||||2022f|2021f|
|Bankloans|||40,000|10,648|
|Trade creditors|||27,479|35,186|
|Other taxation and|social security||7,468|3,623|
|Other creditors|||8,112|6,483|
|Accruals|||25,091|7,988|
|Deferred income||||65,918|
||||108,150|129,846|
||||2022f|2021f|
|Deferred income at 1 June 2021|||65,918|31,902|
|Resources deferred|in the period|||34,016|
|Amounts
released|from previous|periods|(65,918)||
|Deferred income at year end||||65,918|
##
|14Creditors: amounts|falling|due after one year|||
|---|---|---|---|---|
||||2022f|2021f|
|Bank loans||||39,352|
|15Pension and other|schemes||||
|Defined contribution|pension|scheme|||
##
##
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##
|17Funds|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at 1
June 2021
f|Incoming
resources
f|Resources
expended
f|Transfers
f|Balance at 31
May 2022
f|
|Unrestricted||funds|||||||
|General|||||||||
|Unrestricted||fund||99,835|200,704|(116,433)|(65,559)|118,547|
|Restricted|funds||||||||
|NCS||||42,523|435,855|(338,955)||139,423|
|Futsal||||50,024|165,342|(100,681)||114,685|
|PL Primary||Stars||10,440|40,000|(17,235)||33,205|
|PL Kicks||||7,462|20,000|(12,257)||15,205|
|EFL||||15,070|21,674|(12,154)||24,590|
|Bishop Grosseteste
Funding||||5,743|5,575|(4,411)||6,907|
|Erasmus|Funding||||60,426|(96,036)|35,610||
|HAF Project|||||214,455|(212,086)||2,369|
|Other|||||25,155|(46,349)|21,194||
|BSB|||||10,000|(4,505)||5,495|
|HLC|||||20,000|(28,755)|8,755||
|Total restricted|||funds|131,262|1,018,482|(873,424)|65,559|341,879|
|Total funds||||231,097|1,219,186|(989,857)||460,426|
|||||Balance at 1
June 2020
f|Incoming
resources|Resources
expended
f|Transfers
f|Balance at 31
May 2021
f|
|Unrestricted||funds|||||||
|General|||||||||
|Unrestricted||fund||98,318|82,754|(77,577)|(3,660)|99,835|
|Restricted|||||||||
|NCS|||||182,692|(140,169)||42,523|
|Futsal|||||169,825|(119,801)||50,024|
|PL Primary||Stars|||40,000|(29,560)||10,440|
|PL Kicks|||||21,825|(14,363)||7,462|
|EFL|||||40,500|(25,430)||15,070|
|Bishop Grosseteste
Funding|||||15,591|(9,848)||5,743|
|Other|||||6,682|(10,342)|3,660||
|Total restricted|||funds||477,115|(349,513)|3660|131262|
|Total funds||||98,318|559,869|(427,090)||231,097|
##
##
##
||||||Total funds|
|---|---|---|---|---|---|
||||Unrestricted||at 31 May|
||||Funds|Restricted|2022|
||||E|E|E|
|Tangible|fixed assets||24,058||24,058|
|Current assets
Current
liabilities|||202,639
~108,150|341,879|544,518
~(108,150|
|Total net assets|||118,547|341,879|460,426|
||||Unrestricted||Total funds|
||||funds|Restricted|at 31 May|
||||General|funds|2021|
||||F|E.||
|Tangible|fixed assets||32,743||32,743|
|Current|assets||170,376|197,176|367,552|
|Current|liabilities||(63,932)|(65,914)|(129,846)|
|Creditors|over 1 year||(39,352)||(39,352)|
|Total net assets|||99,835|131,262|231,097|
|19Analysis
of net funds||||||
|||||Other non||
|||At 1 June|Financing|cash|At 31 May|
|||2021|cash flows|changes|2022|
|||E|F|E|E|
|Cash at|bank and in hand|306,306|175,658||481,964|
|Debt due within one year||(10,648)|10,000|(39,352)|(40,000)|
|Debt due after more than one year||(39,352)||39,352||
|Net debt||256,306|185,658||441,964|
##