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|Reference and administrative|details ofthe Charity,||
|---|---|---|
|its trustees and advisors|||
|Report ofthe trustees||2-9|
|Independent
Auditor's
Report||10-12|
|Statement offinancial activities||13|
|Balance sheet||14|
|Statement ofcash flows||15|
|Notes to the financial
statements||16-23|
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|Trustees and Directors|Trustees and Directors|Trustees and Directors|Trustees and Directors|JRRudkin|||
|---|---|---|---|---|---|---|
|||||SV Whelan|||
|||||J Byrne|||
|||||A M Kapur|||
|||||A Beddow|||
|||||M Mernagh|-resigned 31March 2021||
|||||JA Hewson|-appointed|8 December 2020|
|Registered|office|||King Power|Stadium||
|||||Filbert Way|||
|||||Leicester|||
|||||LE27FL|||
|Company|registered||number|06443209|||
|Charity registered||number||1126526|||
|Auditor||||The Rowleys|Partnership|Ltd|
|||||Chartered
Accountants &Statutory Auditor|||
|||||Charnwood|House||
|||||Harcourt Way|||
|||||Meridian
Business Park|||
|||||Leicester|||
|||||LE191WP|||
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LEICESTER CITY FOOTBALL CLUB TRUST LIMITED
(A COMPAJYY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED30 JUNE 21121
to provide and assist in providing facilities for sport, recreation or (Ah¢r leisure tirne o¢¢upation of such
persons who have need for such facilitie5 by reason of their youth. ag¢. infirnjity or di5ablemenl. poverty or
social and onoMiC circumstances or for the public at laTg¢ in th¢ inteTe5ts of sla] welfaTe and with the
object of improving their conditions of life. and
to advance the education of ¢hildr¢n and young people through such Means as the Tnjstees think fit in
accordance with the law of charity.
The Trustees confirni that they have refeed to the guidaT]ce contained in the Charity Commission's general guidance
on public Inefit when reviewing the charity's aims and objective5 and in plwming future activities.
ACHIEVEMEfffs AND PERFORMANCE
Throughout the 2020r21 sea50n. we are pleased to acknowledge and reporL that our relationships with communitie
partners and participants have continued to grow and thrtve.
In both education and community settings w¢ have maintained high levels of particiwion across services and
activities and been able io reach and 5UPPOrt additional participants by newly funded activities- both existing and
new funding (The National Lottcry Comrnunity Fund. Children in Need and Leicestershire Communities Fund)
responding io ongoing intemiption still irnposed by local and national restrictions, and the incre&sed needs of
indivTduals and communities caused by the ¢oronaviru5 pandemic.
Leie¢ster City's ¢U7Tent first team players and forffl¢r play¢r5 'Club Legends. have continued to add immeasurable
value io our work by taking part in activities and campaigns that have reached participants of all abilities. ages.
¢thnieities, and gender- positively contributing to our committnent to equality, diveTsity. and inclusion.
LCFC Womem captaitt. Holly Morgan. was on hand throughout the season supporting v8rious aetivities and
campaigns including International Women's Day and the No Room For Racism campaigrn offering personal
thoughts on being a femal¢ rol¢ model and a black professional footballer, and LCFC Capta, Wes Morgan,
supported the drive for equality by sharing personal accounts of racism and answering questions generated froTll
participants on the Inspires programm¢ duTing Black History Month.
World Kinthjess Day offer¢d the opportunity to reach both the young and the 'older' with a seyies of online events
supp(Trrted by form¢r player, Matt Elliot. and fornier player and Club ambassador, Emile Heskey helped over Mental
Health Awareness W¢¢k by talking about the itnponance of speaking about feelings and enjoying the outdoors.
Our colnmunity hub dev¢lopment plans have continued to move in the right directiOFt with capital investTn¢ni from
local fund¢rs (Th¢ Vi¢hai Srivaddhanaprabha Foundation and the Police and Crime Cotntnissioner's Preventson
Fund) and Dational funders (Johan Cnryff Foundaiion) to develop four COTrllnunity facilities. Each facility supporting
our long-terni goal to create a minimum of eight comrnunity hllbs providing sustainable activities by 2023, a new
build (Cruyff Court) in New Parks ts already underway, while community ball court f1]Ille$ in Beaumont Leys,
Eyres Monsall. and Spinney Hills will all be refurbished 2022.
Rebranded as Leiceller City in the Community {LCitC) in October 2019, a copy of our four year strategy can be
downloaded at th¢ link below..
s'./lleicesierfc4iatie-files.53.amazonaws.conVleicesi¢rfcldocumentf2019105Q113eOb6299-89a8471e-8f63~
6tDe6ab7137a/Strat¢
-Doc-v?_Di£iial-15.03.19.
The delivery of Lcitc undertaken within th¢ 2020121 financial year 15 summarised by the following.
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||Note|2021|2021|2021|2020|2020|2020|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|INCOME FROM:||||||||
|Donations
and subscriptions|||75,960|75,960|2,315|87,257|89,572|
|Charitable
activities:||||||||
|Grants|5|339,087|834,414|1,173,501|211,795|1,105,296|1,317,091|
|Soccer schools, coaching||216492|6,967|223,359|211,250|4,781|216,031|
|and courses||||||||
|TOTAL INCOME||555,479|917,341|1,472,820|425,360|1,197,334|1,622,694|
|EXPENDITURE ON:||||||||
|Charitable
activities||||||||
|Direct costs||187,102|1,040,051|1,227,153|240,943|1,176,883|1,417,826|
|Supportcosts||37,774|21,690|59,464|43,753|41,981|85,734|
|TOTAL EXPENDITURE||224,876|1,061,741|1,286,617|284,696|1,218,864|1,503,560|
|NET INCOME/||330,603|(144,400)|186,203|140,664|(21,530)|119,134|
|(EXPENDITURE)||||||||
|Transfer offunds||(261@28)|261,328||(119,703)|119,703||
|NKT MOVEMENT IN||69,275|116,928|186,203|20,961|98,173|119,134|
|FUNDS||||||||
|TOTAL FUNDS AT I JULY||592,347|364,988|957/35|571,386|266,815|838,201|
|2020||||||||
|TOTAL FUNDS AT 30||661,622|481,916|1)143,538|592,347|364,988|957,335|
|JUNE 2021||||||||
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||2021|2020|
|---|---|---|
||Total funds|Total funds|
|CASH FLOWS FROM OPERATING ACTIVITIES:|||
|Net income for the reporting
period|186,203|119,134|
|Adj ustments
for:|||
|Depreciation
charges|44|55|
|Decrease/(Increase)
in debtors|9,417|(53,212)|
|(Decrease)/Increase
in creditors|(17,015)|170,401|
|NET CASH PROVIDED BYOPERATING ACTIVITIES|178,649|236,378|
|CHANGE IN CASH IN THE REPORTING PERIOD|178,649|236,378|
|CASH AT THE BEGINNING OFTHE REPORTING PERIOD|1,333,768|1,097,390|
|CASH AT THE END OF THE REPORTING PERIOD|1,512,417|1,333,768|
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|Charitable
direct costs|act|ivities—|||||||
|---|---|---|---|---|---|---|---|---|
||||2021|2021|2021|2020|2020|2020|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||Funds|Funds|Funds|Funds|Funds|Funds|
||||8|8|||||
|Staffcosts|(note 8)||137,035|907,079|1,044,114|179,645|920,974|1,100,619|
|Coaching expenses||||2,130|2,130||3,570|3,570|
|Facility hire|||6,804|26,808|33,612|11,104|57,180|68,284|
|Motor and|travel expenses||1,148|9,243|10491|4,363|23,498|27,861|
|Equipment/Kit|||6,288|75,181|81,469|20,401|57,838|78,239|
|Sundries|||35,827|19,610|55,437|25,430|113,823|139,253|
||||187,102|1,040,051|1,227,153|240,943|1,176,883|1,417,826|
|Charitable|activities—||||||||
|support costs|||||||||
||||2021|2021|2021|2020|2020|2020|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||Funds|Funds|Funds|Funds|Funds|Funds|
||||8|8|8||6|f,|
|Post, stationery||and|897|2,876|3,773|1,715|12,253|13,968|
|advertising|||||||||
|Telephone|||18,989|18,714|37,703|11,004|26,355|37,359|
|Depreciation|||44||44|55||55|
|Bank charges|||231|100|331|269|157|426|
|Governance|costs:||||||||
|Auditor's
remuneration|||9,360||9,360|11,760||11,760|
|Other fees|||8453||8,253|18,950|3,216|22,166|
||||37,774|21,690|59,464|43,753|41,981|85,734|
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|---|---|---|
|Staff costs|2021|2020|
|Wages and salaries|949,662|999,811|
|Social security costs|70,403|74,788|
|Pension costs|24,049|26,020|
||1,044,114|1,100,619|
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|||FOR|THE||YEAR ENDED 30JUN|E 2021||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|12.|Creditors:
amounts
falling due||within||one year|||
||Trade creditors|||||27,673|1,787|
||Social security and other taxes|||||17,696|16,881|
||Amounts|due to Leicester City Football|||Club Limited|29,057|113,780|
||Deferred|income||||356,854|307,795|
||Accruals|||||9,498|17,550|
|||||||440,778|457,793|
||Deferred|income||||||
||Deferred|income at I July 2020||||307,795||
||Amounts|released 0om previous|years|||(291,017)||
||Resources deferred
in the year|||||340,076||
||Deferred|income at 30June 2021||||356,854||
|13.|Financial|instruments||||2021f|2020|
||Financial|assets measured
at amortised||cost||~1584139|]414907|
||Financial|liabilities measured
at amortised|||cost|~423082|440912|
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|Summary offunds||||||
|---|---|---|---|---|---|
||At|Income|Expenditure|Transfer|At|
||01/07/20|||(note 16)|30/06/21|
|Restricted funds:||||||
|Analysis per note 15|364,988|917441|(1,061,741)|261,328|481,916|
|Unrestricted
funds:||||||
|General funds|592447|555i479|(224,876)|(261,328)|661,622|
||957/35|1,472,820|(1,286,617)||1,143,538|
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