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2021-06-30-accounts

Registered number: 06498920 Charity number: 1123520

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Trustees' Report and Financial Statements

For the Year Ended 30 June 2021

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Contents

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 6
Independent Auditors' Report on the Financial Statements 7 - 9
Statement of Financial Activities 10
Balance Sheet 11
Statement of Cash Flows 12
Notes to the Financial Statements 13 - 33

DERBY COUNTY COMMUNITY TRUST (A Company Limited by Guarantee)

Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 30 June 2021

Trustees

S Hall C Hart P Roberts P Ellis N Britten S Pearce L Taylor P Sterling (resigned 7 October 2020) T Harrison

Company registered number

06498920

Charity registered number

1123520

Registered office

14 Pride Point Drive Pride Park Derby DE24 8BX

Head of Community

S Carnall

Independent auditors

Bates Weston Audit Ltd Statutory Auditors Chartered Accountants The Mills Canal Street Derby DE1 2RJ

Bankers

Barclays 22-26 St Peters Street Derby DE1 1SH

Solicitors

Knights 1759 26 Orient Way Derby DE24 8BY

Page 1

DERBY COUNTY COMMUNITY TRUST (A Company Limited by Guarantee)

Trustees' Report For the Year Ended 30 June 2021

The trustees are pleased to present their report and the financial statements of the charitable company for the period ended 30 June 2021. The trustees constitute directors of the charitable company for Companies Act purposes. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

Status

Derby County Community Trust (DCCT) is a company limited by guarantee without having a share capital and the liability of the members is limited to £1 each. The charitable company is governed by its Memorandum and Articles of Association and is a registered charity.

Statement of Trustees' responsibilities

The Trustees (who are the directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees’ report 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 which give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and 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 to ensure the prevention and detection of fraud and other irregularities.

Role of Trustees

Objectives and Activities

Derby County Community Trust has three main objectives which are:

  1. To promote community participation in healthy regeneration by providing facilities for the playing of association football and other sports capable of improving health (facilities mean land, buildings, equipment and organising sporting activities).

Page 2

DERBY COUNTY COMMUNITY TRUST (A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 30 June 2021

  1. To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life.

  2. To advance the education of children and young people through such means as the trustees think fit in accordance with the objectives of the charity.

Delegated Responsibility, Structure, Governance and Management

Simon Carnall, Head of Community of Derby County Community Trust, is delegated by trustees to oversee the day-to-day running of the charity. Simon is supported in his role by Derby County Football Club Chief Executive and trustee Stephen Pearce who he meets bi weekly and Chair of Trustees Steve Hall who he has monthly meetings with as well as receiving guidance and support when required. The Board of Trustees meets as a full board at least four times a year as do the three sub-groups.

Paul Newman, Community Manager of Derby County Community Trust, oversees the management of all departmental managers and project staff and does so through bi-weekly staff supervisions.

In terms of financial monitoring and reporting, Finance Manager Debbie Hewkin prepares detailed monthly management accounts, which are analysed with budget-holders. Trustees have access to these documents and figures which are reviewed at the Finance and Governance sub-group and full Board.

During the year three new sub-groups have been created to support the ongoing development of the Trust. The sub-groups; Finance and Governance, People and Performance and Fundraising, Marketing and Communications all meet quarterly in advance of main Board meetings with group Chairs reporting into main Board.

The Board will over the coming months review its effectiveness and skills, and in line with the Charity Good Governance Handbook that is in place, look to recruit new Board Members. The newly formed sub-groups will be integral to this process. Newly appointed Trustees will be inducted in line with the guidance contained within the Trust Good Governance Handbook.

Staffing Level

Derby County Community Trust currently has 70 full-time staff and utilises a part-time pool of more than 50 staff and 100 volunteers.

Key Staff – Senior Management Team

Simon Carnall – Head of Community Paul Newman – Community Manager Debbie Hewkin – Finance Manager Peter Collins – Business Development Manager Megan Patrick – Marketing and Communications Manager Emma Pilgrim - Events and Fundraising Manager Kieron Wicks – Education Manager Gavin Lewis – Community Engagement Manager Sharon Dale – Health Manager Richard Mansfield – Schools and Coaching Manager Jo Wilkinson – School Development Manager Kully Grewal-Pollard – Safeguarding and Compliance Manager

Page 3

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 30 June 2021

Strategic Update

The past year has seen the Trust work through the challenging issues thrown up by the impact of Covid-19. The Trust shut its office on Friday 20th March 2020 as the country went into lockdown. Within 48 hours all Trust staff were working remotely ensuring the Trust could continue to support its participants and fulfil commissioned targets.

Over the lockdown period the Trust utilised the Government’s Coronavirus Job Retention Scheme and this has ensured that staff can be retained in the business during the period of lockdown and inactivity.

The staff worked quickly and effectively to adapt delivery programming to create innovative solutions to engagement which included digital resource creation and virtual delivery using platforms such as Zoom and Microsoft teams.

As we emerged from the first national lockdown all staff returned to the business, although the office remained closed for non-essential work and staff continued to work remotely. As an organisation we continue to follow and adhere to Government guidelines to ensure the safety of both our staff and participants.

The Board of Trustees remain a hugely influential part of the Trust’s ongoing development and success and continue to offer invaluable guidance and support, ensuring that the focus of the Trust remains in line with its clear vision, objectives and values. In doing this, trustees ensure that the programmes of work fully benefit the community the Trust serves and, in doing so, engages those within our community that will benefit the most.

Impact of our Programmes and Key Achievements

Although this year has set us unprecedented challenges, as an organisation we are proud of the work that we have delivered in continuing to support the most vulnerable people in our community. Our reflections on the last 12 months mirror and respect the losses, sadness and turmoil that the pandemic has brought.

Derby was classed as the third most affected city in response to the pandemic. Unemployment rates rose and the reliance on food banks increased. The repercussions of the pandemic will be with us for the foreseeable future, and we intend to shape our delivery plans to cater for the increased needs in the city. Already, we have begun to extend our Employability remit, sought funding to support the communities most affected by health inequalities which have had a light shone on them, and are working with schools to support gaps in learning.

Our whole ethos throughout the pandemic has been to simply help: lending our offices, staffing food banks, delivering parcels, keeping schools open, you name it – we’ve done it. In the darkest of times, the best parts of humanity flourish. Never have we been so proud to do what we do and work with so many incredible people.

More than ever we really hope that we have been valued by our community . There have been some truly difficult moments but through it all, our spirits have been kept up by our amazing participants and we hope we have gone someway to repay that favour.

We have been overwhelmed by those who have gone above and beyond during the pandemic – from those who have made donations every week at the food bank to care workers who have sacrificed time with their own families to help others.

Ever spurred on by our values, we aim to be caring, collaborative, fulfil potential, create meaningful experiences, take pride and remain valued in everything that we do. Even in these chaotic times, we hope we’ve been able to prove that.

Key Challenges

The greatest challenge to the Trust this past year has been the ongoing uncertainty and impact of Covid-19, the lockdowns and the ongoing ramifications that the virus causes. Whilst we have been successful in the delivery of virtual sessions, this isn’t a long-term solution that will allow us to fulfil funders’ requirements.

Page 4

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 30 June 2021

Satisfying funders and reacting to the ongoing impact of Covid-19 on our delivery programmes has thrown up significant challenges. One of the most fundamental issues has been ensuring the safety of our staff and participants and, with ever-changing guidance, this has been difficult. Staff have responded brilliantly to the situation that Covid-19 has created and we have ensured that through regular communication and innovation in delivery, we have been able to meet contractual obligations.

We remain positive and proactive with our funders and continue to have excellent relationships with very open and honest communication. This is helping us navigate through this difficult and challenging period.

Future Provision

Although things are getting back to some sort of normality, It remains difficult at this current moment in time to predict with any certainty what the next year holds for the Trust. With Covid-19 still very much impacting on every aspect of the Trust, from staffing isolations, building occupancy and our ability to deliver programmes, we must continue to be agile, innovative and committed to working through this pandemic.

As an organisation, we have found ways to continue the delivery of our programmes, especially now we have moved to much more face-to-face delivery, whilst ensuring we follow guidance from Government and funders, most notably Sport England. We will continue to review our risk assessment with Board and make decisions based on real-time robust information.

Although the current situation is challenging, we have successfully secured funding through a variety of sources and we will continue to work collaboratively across the city and county with funders to identify funding to allow us to deliver a programme of activities to support our local community.

Financial Review

We have ensured a strict focus on cashflow management during the past year and, as an organisation, have ensured that we reduce non-essential spending. Setting budgets for our programmes for 2021/22 has been challenging given uncertainty around events such as the 10k and Kenya but we have approached this sensibly and pragmatically. The budget was approved at Board in June 2021.

Staff remuneration

The arrangements for setting the pay and remuneration of key management and staff will sit with the People and Performance sub-group. Recommendations from the group will go to Board for approval. New Chair Steve Hall has asked The Head of Community and Community Manager to undertake a benchmarking exercise to review current salaries and criteria. This is underway and should be completed by December 2021.

Reserves Policy

As a Charity DCCT work diligently to create unrestricted reserves to enable the Board and Executive to respond to local insight. DCCT recognises that during the challenging period of the covid-19 pandemic, it has continued to maintain healthy reserves. The Trust reserves policy clearly defines the Boards position on its reserves and how the reserves support the ongoing sustainability of the Trust, its programmes and its commitment to the community it serves.

Scope

It is the policy of the charity to increase unrestricted funds to the level required to provide the appropriate funds to cover a full year of core costs. The value associated with this cover equates to £600,000. The core costs identified here are inclusive of the following;

Page 5

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 30 June 2021

The Trustees are committed to ensuring a minimum surplus to cover these operating costs. Aspirationally, the Trustees would like to generate additional un-restricted funds (£150k) to re-invest into community delivery, expanding and widening provision to respond to local need.

Disclosure of Information to Auditors

So far as the trustees are aware:

The trustees’ report is prepared in accordance with special provisions of the Companies Act relating to small companies.

Signed on behalf of the trustees

S Hall Chair of Trustees

Date: 9 March 2022

Page 6

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Independent Auditors' Report to the Members of Derby County Community Trust

Opinion

We have audited the financial statements of Derby County Community Trust (the 'charity') for the year ended 30 June 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 United Kingdom, including the Financial Reporting Council'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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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 Auditors' Report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Page 7

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Independent Auditors' Report to the Members of Derby County Community Trust (continued)

Opinion on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of our 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 Trustees' Report.

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

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, 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.

Auditors' 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 an Auditors' Report 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:

Page 8

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Independent Auditors' Report to the Members of Derby County Community Trust (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditors' Report.

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 its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Wayne Thomas ACA (Senior Statutory Auditor)

for and on behalf of

Bates Weston Audit Ltd

Statutory Auditors Chartered Accountants

The Mills Canal Street Derby DE1 2RJ

10 March 2022

Page 9

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Statement of financial activities (incorporating income and expenditure account) For the Year Ended 30 June 2021

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
15
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Actuarial losses on defined benefit
pension schemes
22
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
-
1,971,311
-
1,971,311
-
1,672,922
1,672,922
298,389
(235,917)
62,472
-
62,472
-
62,472
62,472		 Unrestricted
funds
2021
£
112,782
447,472
11,992
572,246
61,361
726,992
788,353
(216,107)
235,917
19,810
(18,000)
1,810
807,853
1,810
809,663		 Total
funds
2021
£
112,782
2,418,783
11,992
2,543,557
61,361
2,399,914
2,461,275
82,282
-
82,282
(18,000)
64,282
807,853
64,282
872,135		 As restated
Total
funds
2020
£
87,775
3,072,421
115,856
3,276,052
90,497
2,934,020
3,024,517
251,535
-
251,535
(92,000)
159,535
648,318
159,535
807,853

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 33 form part of these financial statements.

Page 10

DERBY COUNTY COMMUNITY TRUST (A Company Limited by Guarantee) Registered number: 06498920

Balance Sheet As at 30 June 2021

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Defined benefit pension scheme liability
22
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 362,696
1,458,025
1,820,721
(725,524)		 2021
£
39,938
39,938
1,095,197
(263,000)
872,135
62,472
809,663
872,135		 350,663
1,264,286
1,614,949
(641,739)		 As restated
2020
£
58,643
58,643
973,210
(224,000)
807,853
-
807,853
807,853

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

S Hall

(Chair of Trustees) Date: 9 March 2022

The notes on pages 13 to 33 form part of these financial statements.

Page 11

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Statement of Cash Flows For the Year Ended 30 June 2021

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 13 to 33 form part of these financial statements		 2021
£
203,853
(10,114)
(10,114)
193,739
1,264,286
1,458,025		 2020
£
121,660
(49,559)
(49,559)
72,101
1,192,185
1,264,286

Page 12

DERBY COUNTY COMMUNITY TRUST (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Derby County Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company..

1.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Turnover includes income from coaching programmes. This income is recognised on completion of each session.

Donations, gifts and other voluntary income are accounted for when received.

Many of the programmes operated by the company are funded via grants from external organisations. Grant income is recognised in the Statement of Financial Activities over the period of the grant. Any grants received in advance or arrears are reflected in creditors or accrued income respectively.

Grants (including government grants) are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities..

Page 13

DERBY COUNTY COMMUNITY TRUST (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

1. Accounting policies (continued)

1.4 Expenditure (continued)

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters.

All expenditure is inclusive of irrecoverable VAT.

1.5 Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings - 10% on cost Computer equipment - 33% on cost

1.6 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8 Liabilities

Liabilities and provisions are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 14

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

1. Accounting policies (continued)

1.10 Critical accounting estimates and areas of judgement

Estimates and judgements 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 Trustees consider there are not any critical accounting estimates and assumptions. The critical areas of judgement relate to the recognition of deferred and accrued income and is determined in accordance with the grant terms and conditions.

2. Income from donations and legacies

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Government grants
Coronavirus Job Retention Scheme 112,782 112,782 87,775

3. Income from charitable activities

Schools and Coaching
Safe, Fit, Connected
Events and Fundraising
Centre of Excellence
Education
Health
NCS
ELS
Opportunity Area
Inclusion
Total 2020		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
226,600
280,329
-
37,908
-
(6,762)
60,971
3,168
303,330
9,503
520,402
28,510
285,820
10,559
62,920
-
193,000
-
318,268
84,257
1,971,311
447,472
2,383,254
689,167		 Total
funds
2021
£
506,929
37,908
(6,762)
64,139
312,833
548,912
296,379
62,920
193,000
402,525
2,418,783
3,072,421		 Total
funds
2020
£
586,500
56,297
32,758
66,055
298,401
540,369
585,985
485,947
-
420,109
3,072,421

Page 15

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

4. Income from other trading activities

Income from fundraising events

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Events and Fundraising 11,992 11,992 115,856

5. Expenditure on raising funds

Fundraising trading expenses

Unrestricted
funds
2021
£
Events and fundraising
18,534
Wages and salaries
36,312
Social security costs
3,471
Pension costs
3,044
61,361		 Total
funds
2021
£
18,534
36,312
3,471
3,044
61,361		 Total
funds
2020
£
51,194
34,347
2,745
2,211
90,497

Page 16

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

6. Analysis of expenditure on charitable activities

Summary by fund type

Schools and Coaching
RTC
Inclusion
Education
ELS
Health
NCS
Events and Fundraising
Safe, Fit, Connected
Opportunity Area
Total 2020		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
272,502
328,201
66,845
5,707
258,521
130,883
203,802
77,202
23,881
-
505,124
76,300
153,169
29,479
-
865
-
78,355
189,078
-
1,672,922
726,992
2,181,860
752,160		 Total
funds
2021
£
600,703
72,552
389,404
281,004
23,881
581,424
182,648
865
78,355
189,078
2,399,914
2,934,020		 Total
funds
2020
£
673,124
91,857
393,235
262,030
531,420
497,380
444,307
24,657
16,010
-
2,934,020

Page 17

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

7. Analysis of expenditure by activities

Schools and Coaching
RTC
Inclusion
Education
ELS
Health
NCS
Events and Fundraising
Safe, Fit, Connected
Opportunity Area
Total 2020		 Direct
costs
2021
£
476,608
60,470
317,428
233,003
19,948
453,354
136,779
865
76,903
169,078
1,944,436
2,177,653		 Support
costs
2021
£
124,095
12,082
71,976
48,001
3,933
128,070
45,869
-
1,452
20,000
455,478
756,367		 Total
funds
2021
£
600,703
72,552
389,404
281,004
23,881
581,424
182,648
865
78,355
189,078
2,399,914
2,934,020		 Total
funds
2020
£
673,124
91,857
393,235
262,030
531,420
497,380
444,307
24,657
16,010
-
2,934,020

8. Auditors' remuneration

2021 2020
£ £
Auditors remuneration 7,000 7,000

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
1,269,341
100,993
81,083
1,451,417		 2020
£
1,287,253
74,390
25,270
1,386,913

Page 18

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

9. Staff costs (continued)

The average number of persons employed by the charity during the year was as follows:

2021 2020
No. No.
Charitable activities 96 107

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

In the band £60,001 - £70,000

2021 2020
No. No.
1 1

Key management personnel during the year comprised the Senior Leadership Team who received total remuneration and benefits of £187,091 (2020 - £198,358).

10. Trustees' remuneration and expenses

During the year, no Trustee received any remuneration or other benefits (2020 - £NIL) .

During the year, no Trustee expenses have been incurred (2020 - £NIL) .

Page 19

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

11. Tangible fixed assets

Cost
At 1 July 2020
Additions
At 30 June 2021
Depreciation
At 1 July 2020
Charge for the year
At 30 June 2021
Net book value
At 30 June 2021
At 30 June 2020
Debtors
Due within one year
Other debtors
Prepayments and accrued income
Grants and other receivables		 Fixtures and
fittings
£
16,548
-
16,548
2,590
1,655
4,245
12,303
13,958		 Computer
equipment
£
76,765
10,114
86,879
32,080
27,164
59,244
27,635
44,685
2021
£
1,919
100,213
260,564
362,696		 Total
£
93,313
10,114
103,427
34,670
28,819
63,489
39,938
58,643
2020
£
4,335
136,906
209,422
350,663

12. Debtors

Page 20

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

13. Creditors: Amounts falling due within one year

Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 July 2020
Resources deferred during the year
Amounts released from previous periods		 2021
£
24,968
122,789
577,767
725,524
2021
£
395,930
490,096
(395,930)
490,096		 2020
£
20,957
72,237
548,545
641,739
2020
£
555,132
395,930
(555,132)
395,930

Deferred income relates to grants received in advance of the period to which they relate.

14. Prior year adjustments

One employee is a member of the Derbyshire Local Government Pension Scheme Fund (a defined benefit scheme) but the employers net liability to the fund was not recognised in the charity's financial statements. On realising the omission, the trustees commissioned an FRS 102 report with the fund's actuary and the results are disclosed at note 22. The comparative position was corrected by way of prior year adjustment, which recognised a £118,000 pension obligation as at 1 July 2019 with in-year adjustments to the SOFA reducing the net movement in funds by £106,000. The adjustments reduced closing unrestricted funds as previously reported at 30 June 2020 by £224,000.

Page 21

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

15. Statement of funds

Statement of funds - current year

Unrestricted
funds
General funds
Pension reserve
Restricted
funds
Active
Supporters
Education
NCS
ELS
Active Recovery
Child Weight
Management
PLPS
RTC
Opportunity Area
PLCF
Active Choices
Macmillan
Health - under
£50k
Funding- Sport
England
Schools and
Coaching -
under £50k
Inclusion - under
£50k
Total of funds		 Balance at 1
July 2020
£
1,031,853
(224,000)
807,853
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
807,853		 Income
£
572,246
-
572,246
35,835
303,330
285,820
62,920
65,396
187,342
153,000
60,971
193,000
145,000
57,736
69,449
104,646
104,003
73,600
69,263
1,971,311
2,543,557		 Expenditure
£
(767,353)
(21,000)
(788,353)
(66,830)
(203,802)
(153,169)
(23,881)
(26,370)
(184,164)
(160,793)
(66,844)
(189,077)
(117,780)
(89,136)
(83,482)
(55,142)
(84,480)
(111,711)
(56,261)
(1,672,922)
(2,461,275)		 Transfers
in/out
£
235,917
-
235,917
30,995
(99,528)
(132,651)
(39,039)
-
(3,178)
7,793
5,873
-
(27,220)
31,400
14,033
(49,504)
-
38,111
(13,002)
(235,917)
-		 Gains/
(Losses)
£
-
(18,000)
(18,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(18,000)		 Balance at
30 June
2021
£
1,072,663
(263,000)
809,663
-
-
-
-
39,026
-
-
-
3,923
-
-
-
-
19,523
-
-
62,472
872,135

Page 22

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
General funds
Pension reserve
Restricted
funds
Active
Supporters
Education
NCS
Winning Minds
ELS
Active Recovery
Child Weight
Management
PLPS
RTC
PLCF
Active Choices
Macmillan
Health - under
£50k
Funding- Sport
England
Inclusion - under
£50k
Total of funds		 Balance at
1 July 2019
£
140,367
(118,000)
22,367
55,224
46,059
25,487
5,620
126,760
26,086
160,967
6,945
-
-
-
-
-
-
172,803
625,951
648,318		 As restated
Income
£
892,798
6,000
898,798
101,291
271,533
565,157
45,000
485,947
94,751
129,275
140,000
71,660
125,000
89,781
57,313
44,631
67,080
94,835
2,383,254
3,282,052		 As restated
Expenditure
£
(828,657)
(20,000)
(848,657)
(91,602)
(236,325)
(424,543)
(41,990)
(527,045)
(85,687)
(116,909)
(141,707)
(66,707)
(116,360)
(81,193)
(51,831)
(44,883)
(67,898)
(87,180)
(2,181,860)
(3,030,517)		 Transfers
in/out
£
827,345
-
827,345
(64,913)
(81,267)
(166,101)
(8,630)
(85,662)
(35,150)
(173,333)
(5,238)
(4,953)
(8,640)
(8,588)
(5,482)
252
818
(180,458)
(827,345)
-		 As restated
Gains/
(Losses)
£
-
(92,000)
(92,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(92,000)		 Balance at
30 June
2020
£
1,031,853
(224,000)
807,853
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
807,853

Page 23

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

16. Fund descriptions

Transfers between funds

Unspent restricted funds are transferred to general funds following the successful delivery of activities if permitted by the relevant funding agreements. Transfers also arise when it is appropriate to apportion an element of unrestricted expenditure to a particular restricted fund to more accurately reflect the actual cost of delivering the activity.

The following are the restricted funds identified in the statement of funds noted above.

Active Supporters

Active Supporters is a 12-month weight management programme specifically targeting males. Participants are recruited from the club's supporter base and helped to make lifestyle changes using the hook of the football club.

Education

Derby County Community Trust in partnership with the Football League Trust and the University of South Wales run a Foundation Coaching Degree. Our Football and Education Programme funded through Derby College has learners undertaking their education at the College as well as engaging in enrichment coaching and games with the Trust. Additionally, we deliver a Traineeship programme in partnership with Chesterfield College.

Community Engagement

Delivered in the heart of local communities our team run a range of inclusive programmes across Derby and Derbyshire, enhancing community cohesion and providing sustainable opportunities for physical activity and education. All of our activities are provided free of charge and look to improve employability skills along with physical and mental health. Activities range from free football and sports sessions to sports leadership and Football Association-accredited qualifications.

Essential Life Skills (ELS) "This is Derby"

This is Derby is a unique collaboration of sport, arts and cultural activity supporting the development of essential life skills of young people.

Derby Opportunity Area are committed to closing Derby's social mobility gap. ThisIsDerby is a key project tackling this issue, led by Derby County Community Trust, Derby's Cultural Education Partnership and Derby Sport Forum. We are empowering young people to improve essential like skills such as resilience, emotional well-being and employability. The project supports the work of the Derby Opportunity Area, which aims to increase the number of children achieving a good level of development, improved attainment in schools and benefiting from a broad range of experiences.

Child Weight Management

The Child Weight Management programme is one of 9 programmes funded by Public Health as part of a wider healthy lifestyle service. This is a holistic family centred health lifestyle and weight loss programme offering support to children and young people aged 5 - 17 to lose weight, improve their eating habit and increase their physical activity - this is extended to family members. Family cook and eat sessions are provided to promote healthy eating, a smoking cessation service is delivered to 12+ and we offer support for young people to increase self-esteem and confidence to get them engaged in the programme.

Premier League Primary Stars

Working in partnership with the Premier League Charitable Fund, we aim to enhance the quality of PE delivery in schools in Derby City and Derbyshire. raising aspirations of children within school sport. Staff within the programme specialise in a range of sports and activities that fit perfectly with the national curriculum.

NCS

The National Citizen Service (NCS) is a flagship policy at the heart of the Governments vision for building a big society. NCS brings together 16 – 17-year olds from different backgrounds in a programme of

Page 24

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

challenge, service and learning, enabling them to develop the confidence, skills and attitude they need to become more engaged with their communities and become active and responsible citizens.

Derby County Community Trust has partnered with Ingeus to deliver the National Citizen Service. The programme runs in the summer and autumn, during school holidays. Participants have a short time away from home doing outdoors activities like canoeing, abseiling and white-water rafting. This is followed by skills-building activities and a social action project in teams which will help the community.

Winning Minds

This programme responds to the identified need that there is a significant lack of support for the mental wellbeing of young people across our community, and communities nationwide.

According to Young Minds (2019), there is a mental health crisis for children and young people as one in eight children and young people have a diagnosable mental health condition but at the moment, the NHS is only able to support about one third of those in need.

These findings support the need for mental health support for young people and we are looking to help bridge the gap for young people who currently aren’t receiving support from CAMHS.

Winning Minds engages children and young people through a leadership and community development programme. This aims to develop sports leadership skills and empower them to increase personal skills such as confidence and self-esteem whilst also having a lasting and significant impact on the local community.

The project aims to engage participants who will undertake accredited leadership qualifications, complete the Winning Minds Developmental Programme (reflection diary and sessions) and be provided with volunteering opportunities. Participants will also take on their own social action projects within their local communities to advocate the power of the youth voice on issues including anti-bullying, LGBTQ+ awareness, mental health awareness and anti-racism.

Active Recovery

Active Recovery is a free 12-month cancer exercise and rehabilitation programme which works with anyone who has been recovering from or living with cancer within the last five years.

Close links with Derby Royal Hospital allow the programme to have a greater reach amongst those affected. The aims are for participants to become more active, feel better within themselves and feel more energised in their day-to-day life, this will be done by taking part in fun strength, fitness and sport activities aimed at all abilities.

Big Lottery Funding

The funding from the Lottery allows the Trust to provide a recovery package enabling family “bubbles” within our community to stay safe, stay connected and stay healthy.

Our experienced and knowledgeable delivery staff provide people our most vulnerable schools free play and physical activity sessions, additional classroom support and targeted mental health support.

In the wider community connected to those schools we provide a weekly food bank, online cook along sessions, quizzes and challenges. Exercise videos allow families to take part together at home, whilst offering advice on how to better access their local outdoor spaces.

Children at acute risk identified through our partnerships with the local authority and housing associations are given additional support above and beyond. This will be specific one to one mentoring. Children are also offered relaxation kits at home that will provide easy to use resources with instruction to help them to cope with the challenges they are experiencing.

For parents and wider families who are at extreme risk we provide additional resource packs to add value to the topic’s children will be learning when they go back to school.

Page 25

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

The Premier League Charitable Fund

The Premier League continue to be one of the biggest funders of the Trust. There are 3 main areas where the Premier League fund Trust Programmes:

Premier League Primary Stars uses the appeal of the Premier League and professional football clubs to inspire children to learn, be active and develop important life skills. Available to every primary school in England and Wales, it inspires pupils aged 5-11 in the classroom, the playground and on the sports field.

Premier League values underpin everything on offer, encouraging children to:

Derby County Community Trust staff work with teachers to deliver fun, educational sessions across a range of programmes.

Premier League Kicks is the Premier League’s flagship community initiative; the overriding aim of which is to use the strength and profile of professional football clubs to create opportunities for young people at the heart of their communities.

The programme is aimed to engage young people (aged 8-19) in a range of constructive activities funded nationally by the Premier League and Sport England. A key part of the programme is to create routes into education, training and employment whilst encouraging volunteering within projects and throughout the target neighbourhoods.

The programme helps break down barriers between the police and young people and supports the reduction of crime and anti-social behaviour in targeted neighbourhoods.

From being part of the Kicks programme, you can gain opportunities such as representing Derby County at tournaments, match tickets and free qualifications.

Active Choices

Active Choices is a healthy lifestyle and behavioural change programme which helps people who have struggled with substance misuse issues.

The programme works with referrals from Derby Drug and Alcohol Services as well as offering closed group support with partners such as YMCA, Phoenix Futures, Jericho House and Studio House – which then link in with the wider community programme.

Delivery has been extended into Derbyshire and there are now hubs in Swadlincote, Ripley and Ilkeston too.

It has helped over 1,000 people with substance misuse issues to turn their lives around, which has given them the opportunity to receive one-to-one support and take part in worthwhile activities at a critical point in their recovery. Activities include:

The programme has been instrumental in Derby successfully improving the number of drug-free exits

Page 26

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

from treatment services through a personalised plan that introduces structured and meaningful activities into individuals’ daily routines.

The service also works with individuals with drug problems returning to the community from custodial prison sentences, supporting them to change behaviours to break offending patterns.

Macmillan (Wellbeing for All)

Wellbeing for All is a health project funded by Macmillan which aims to encourage people to make healthy lifestyle choices that link to reducing the risk of developing cancer.

We aim to:

RTC

Derby County Community Trust host one of 30 FA Regional Talent Centres for talented, female footballers from Under 11 to Under 16 level. The centre aims to deliver enhanced coaching and support designed to improve the development of elite female players through the FA Girls’ England talent pathway.

The four age groups (Under 11s, Under 12s, Under 14s and Under 16s) take part in weekly training and regular competitive fixtures against other RTCs and local grassroots teams. We have seen several regional and national call-ups within the centre and all players are expected to commit to their squads, regularly attend training and take part in strength and conditioning sessions.

There is also an exclusive player pathway in place to support the ongoing development of female footballers throughout their career, in partnership with the Derby County Women’s team and our own Football and Education programme. This provides sustainable exit routes designed to provide opportunities for talented players.

Opportunity Area Inclusion Programme

The inclusion programme seeks to increase the capacity and capability of mainstream schools to provide effective inclusion interventions and support vulnerable students. Exclusion is an area of continuing weakness in the city and our collective city wide approach is the only way to move this forward. The programme is locally led, locally driven and includes consultation with young people and their families throughout. DCCT lead a delivery consortium of partners focusing on four key areas;

  1. Youth Voice

  2. Mental Health and Wellbeing

  3. Mentoring

  4. Careers and Employability

Research is a key element of the programme and we have partnered with the Derby Education Business Partnership and Event ID to undertake two pieces of research that will give us the insight to strengthen our understanding of the issues facing young people within the city and to enable us to provide resources and the right intervention and support for the most vulnerable children and young people in the City.

Inclusion- Funding- Sport England.

Winning Minds engages young people aged 11-21 from Derby and Derbyshire who are experiencing poor mental wellbeing and low self-esteem. The areas and young people targeted are at high risk of developing a mental illness. This project works at the heart of the community with young people who aren’t accessing CAMHS services, it looks to raise awareness of mental health and well-being, provide opportunities to develop vocationally, participate in physical activity in a safe environment, supported by experienced staff away from the clinical approach. Barriers such as stigma, autonomy, transport and perception of services are difficult for young people to overcome, our programme removes these barriers by going into the educational environment and supports the young person before a condition develops.

Page 27

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

Our project lead and the comprehensive volunteering programme will be an integral part of our recruitment and retention, by working through the 5 steps to mental well-being.

1.Connect

2.Be active

3.Keep learning

4.Give to others 5.Mindfulness

17. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
July 2020
£
807,853
-
807,853		 Income
£
572,246
1,971,311
2,543,557
As restated
Income
£
898,798
2,383,254
3,282,052		 Expenditure
£
(788,353)
(1,672,922)
(2,461,275)
As restated
Expenditure
£
(848,657)
(2,181,860)
(3,030,517)		 Transfers
in/out
£
235,917
(235,917)
-
Transfers
in/out
£
827,345
(827,345)
-		 Gains/
(Losses)
£
(18,000)
-
(18,000)
As restated
Gains/
(Losses)
£
(92,000)
-
(92,000)		 Balance at
30 June
2021
£
809,663
62,472
872,135
Balance at
30 June
2020
£
807,853
-
Summary of funds - prior year
General funds
Restricted funds		 Balance at
1 July 2019
£
22,367
625,951
648,318
807,853

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Provisions for liabilities and charges
Total		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
-
39,938
377,971
1,442,750
(315,499)
(410,025)
-
(263,000)
62,472
809,663		 Total
funds
2021
£
39,938
1,820,721
(725,524)
(263,000)
872,135

Page 28

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Provisions for liabilities and charges
Total		 Endowment
funds
2020
£
-
355,440
(355,440)
-
-		 Unrestricted
funds
2020
£
58,643
1,259,509
(286,299)
(224,000)
807,853		 Total
funds
2020
£
58,643
1,614,949
(641,739)
(224,000)
807,853
19.
Reconciliation of net movement in funds to net cash flow from operating activities
2021
£
Net income for the year (as per Statement of Financial Activities)
82,282
Adjustments for:
Depreciation charges
28,819
Defined benefit pension movement
21,000
Movement in creditors
83,785
Movement in debtors
(12,033)
Net cash provided by operating activities
203,853
20.
Analysis of cash and cash equivalents
2021
£
Cash in hand
1,458,025
Total cash and cash equivalents
1,458,025		 As restated
2020
£
251,535
25,736
14,000
(92,316)
(77,295)
121,660
2020
£
1,264,286
1,264,286

Page 29

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

21. Analysis of changes in net debt

Cash at bank and in hand At 1 July
2020
£
1,264,286
1,264,286		 Cash flows
£
193,739
193,739		 At 30 June
2021
£
1,458,025
1,458,025

22. Pension commitments

Derby County Community Trust participates in a Local Government Pension Scheme which is managed by Derbyshire Pension Fund which is a multi-employer defined benefit scheme. The scheme is administered for the benefit of Local Authority employees and other bodies and is managed in accordance with the Local Government Pension Scheme Regulations 1997 (as amended).

Contributions to the scheme are determined with advice of independent qualified actuaries on the basis of triennial valuations using the projected unit method. The latest actuarial valuation was carried out as at 31 March 2019.

The employer's contribution rate was 35.5% of pensionable pay with an employee's contribution rate of 6.8% of pensionable pay. In addition the charity's deficit to the fund was set at £8,000 per annum for a 3 year period commencing 1 April 2020.

Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages):

As restated
At 30 June At 30 June
2021 2020
% %
Discount rate 1.85 1.50
Future salary increases 3.50 2.80
Rate of increase for pensions in payment/inflation 2.80 2.10
As restated
At 30 June At 30 June
2021 2020
Years Years
Mortality rates (in years)
- for a male aged 65 now 21.3 21.3
- at 65 for a male aged 45 now 22.5 22.5
- for a female aged 65 now 23.9 23.9
- at 65 for a female aged 45 now 25.8 25.8

Page 30

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

22. Pension commitments (continued)

Sensitivity analysis

As restated
At 30 June At 30 June
2021 2020
£ £
Discount rate -0.1% 21,000 21,000
Mortality assumption - 1 year increase 24,000 24,000
Increase in salaries +0.1% 3,000 3,000
Pensions in payment/inflation +0.1% 18,000 18,000

The charity's share of the assets in the scheme was:

Equities
Corporate bonds
Property
Cash and other liquid assets
Total fair value of assets		 At 30 June
2021
£
210,560
75,670
23,030
19,740
329,000		 As restated
At 30 June
2020
£
165,310
65,040
21,680
18,970
271,000

The actual return on scheme assets was £4,000 (2020 - £6,000) .

The amounts recognised in the Statement of Financial Activities are as follows:

Current service cost
Interest income
Interest cost
Benefit changes, gain/(loss) on curtailment and gain/(loss) on settlement
Total amount recognised in the Statement of Financial Activities		 2021
£
17,000
(4,000)
8,000
18,000
39,000		 As restated
2020
£
11,000
(6,000
9,000
92,000
106,000

Page 31

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

22. Pension commitments (continued)

Movements in the present value of the defined benefit obligation were as follows:

Opening defined benefit obligation
Contributions by scheme participants
Current service cost
Interest cost
Actuarial losses/(gains)
Closing defined benefit obligation		 2021
£
495,000
2,000
17,000
8,000
70,000
592,000		 As restated
2020
£
378,000
2,000
11,000
9,000
95,000
495,000

Movements in the fair value of the charity's share of scheme assets were as follows:

Opening fair value of scheme assets
Interest income
Contributions by scheme participants
Contributions by employer
Actuarial (losses)/gains
Closing fair value of scheme assets		 2021
£
271,000
4,000
2,000
12,000
40,000
329,000		 As restated
2020
£
260,000
6,000
2,000
7,000
(4,000)
271,000

23. Operating lease commitments

At 30 June 2021 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2021
£
63,892
167,964
231,856		 2020
£
68,572
231,856
300,428

Page 32

DERBY COUNTY COMMUNITY TRUST

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 30 June 2021

24. Related party transactions (continued)

24. Related party transactions

During the year the charity incurred expenses to the value of £84,442 (2020: £76,250) from Derby County Football Club, Stadia DCFC and DCFC Academy in which S Pearce is a member of the senior management team and a Trustee of DCCT. There is a value of £Nil (2020: £15,268) held in creditors.

During the year the charity received income to the value of £70,608 (2020: £96,884) from Derby County Football Club, Stadia DCFC and DCFC Academy, in which S Pearce is a member of the senior management team and a Trustee of DCCT. There is a value of £98,200 (2020: £115,214) held in debtors.

During the year the charity incurred expenses to the value £10,359 from the Department of Education via Derby City Council, in which P Roberts works for the Department of Education.

During the year the charity incurred expenses to the value of £Nil (2020: £75,052) from PKF Cooper Parry, in which P Sterling is a member of the senior management team and a former Trustee of DCCT who served during the year. There is a value of £Nil (2020: £3,288) held in creditors.

During the year the charity received income for sponsorship to the value of £26,000 (2020: £17,120) from PKF Cooper Parry, in which P Sterling is a member of the senior management team and a Trustee of DCCT. There is a value of £Nil (2020: £2,000) held in debtors.

During the year the charity received funding to the value of £95,472 (2020: £49,781) from Derbyshire County Council and purchased goods to the value of £Nil (2020: £Nil). There is a value of £Nil (2020: £11,934) held in debtors. C Hart is a Cabinet Member for Health and Communities within Derbyshire County Council and is also a Trustee of DCCT.

During the year the charity received income for sponsorship to the value of £Nil (2020: £Nil) from Bowmer and Kirkland. P Ellis is a Divisional Director for Bowmer and Kirkland and also a Trustee for DCCT.

During the year the charity received income for sponsorship to the value of £Nil (2020: £8,090) from Derby Homes. L Taylor was an employee of Derby Homes and is also a Trustee of DCCT.

During the year the charity made purchases in relation to legal and professional fees to the value of £Nil (2020: £1,164) from Knights. A Pilkington is an Office Leader at Knights and also the former Chairman for DCCT and served within the financial year.

Derby County Football Club Limited provides a limited guarantee for the sum of £90,000, for borrowings from Barclays. At the balance sheet date, borrowings totalled £Nil (2020: £Nil).

25. Controlling party

The charity is controlled by the Board of Trustees.

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