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|||Page|
|---|---|---|
|Report ofthe Trustees||1 to 10|
|Report ofthe independent
Auditors||11 to 14|
|Statement
of Financial Activities||15|
|Balance Sheet||16to 17|
|Cash Flow Statement||18|
|Notes to the Cash Flow Statement||19|
|Notes to the Financial Statements||20 to 30|
|Detailed Statement
of Financial|Activities|31 to 32|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|E|||E|
|INCOME||||||||
|Charitable
activities||||176,353|1,154,377|1,330,730|1,538,940|
|Fundraising
activities,
donations
&generating||funds||213,921||213,921|227,570|
|Total||||390,274|1,154,377|1,544,651|1,766,510|
|EXPENDITURE||||||||
|Charitable
activities||||218,707|1,070,005|1,288,712|1,485,679|
|Fundraising
activities||||50,378||50,378|92,485|
|Support costs||||138,017||138,017|112,119|
|Total||||407,102|1,070,005|1,477,107|1,690,283|
|NET INCOME/(EXPENDITURE)||||(16,828)|84,372|67,544|76,227|
|Transfers
between|funds||12|84,551|~84,551)|||
|Net movement
in funds||||67,723|(179)|67,544|76,227|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought||forward||823,732|14,041|837,773|761,546|
|TOTAL FUNDS CARRIED FORWARD||||891,455|13,852|905,317|837,773|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|||||
|FIXEDASSETS||||||||
|Tangible assets||||43,562||43,562|51,284|
|CURRENT ASSETS||||||||
|Debtors||||84,949||84,949|72,113|
|Cash at bank and||in hand||901,546|244,701|1,146,247|1,289,014|
|||||986,495|244,701|1,231,196|1,361,127|
|CREDITORS||||||||
|Amounts
falling due within one year|||10|(119,249)|(230,839)|(350,088)|(574,638)|
|NET CURRENT|ASSETS/(LIABILITIES)|||867,246|13,862|881,108|786,489|
|TOTAL ASSETS LESSCURRENT||||910,808|13,862|924,670|837,773|
|LIABILITIES||||||||
|CREDITORS||||||||
|Amounts
falling due after more than one|||11|(19,353)||(19,353)||
|year||||||||
|NET ASSETS||||891,455|13,862|905,317|837,773|
|FUNDS|||12|||||
|Unrestricted
funds||||||||
|General|fund|||||741,455|673,732|
|Designated
Restricted funds||fund||||150,000
13,862|150,000
14,041|
|TOTAL FUNDS||||||905,317|837,773|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from operating||activities:|||||
|Cash generated
from operations|||||)151,425)|163,922|
|Net cash|provided
by (used in) operating||||||
|activities|||||)151,425)|163,922|
|Cash flows from investing||activities:|||||
|Purchase|of tangible
fixed assets||||/10,695)|~32,857)|
|Net cash|provided
by (used in) investing||||||
|activities|||||(10,695)|(32,857)|
|Cash flows from investing||activities:|||||
|New loans|in the year||||19,353||
|Net cash
activities|provided
by (used in) investing||||19,353||
|Change
in cash and cash||equivalents|in the||||
|reporting|period||||(142,767)|131,065|
|Cash and|cash equivalents|at the beginning|||||
|ofthe reporting
period|||||1,289,014|1,157,949|
|Cash and|cash equivalents|at the end|ofthe||||
|reporting|period||||1,146,247|1,289,014|
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|1.|RECONCILIATION|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|TO NET CASH|FLOW FROM|OPERATING|
|---|---|---|---|---|---|---|---|---|---|
||ACTIVITIES|||||||||
|||||||||2021|2020|
|||||||||f||
||Net income/(expenditure)|||for the|reporting|period (as|per the|||
||statement
offinancial
activities)|||||||67,544|76,227|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||18,417|18,576|
||Loss on disposal of fixed assets||||||||2,173|
||(Increase)/decrease||in debtors|||||(12„836)|163,469|
||Increase/(decrease)||in creditors|||||~224,550)|~96,523)|
||Net cash provided|by operating|||activities|||t151,425)|163,922|
|2.|ANALYSIS OF CHANGES|||IN NET FUNDS||||||
||||||||At 1/9/20|Cash flow|At 31/8/21|
||||||||E|E||
||Net cash|||||||||
||Cash at bank and|in|hand||||1,289,014|(142,767)|1,146,247|
||Cash at bank and|in|hand||||1,289,014|(142,767)|1,146,247|
||Debt|||||||||
||Debts falling due after 1 year|||||||(19,353)|(19,353)|
||Total||||||1,289,014|(162,120)|(1,126,894)|
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|INCOME FROM CHARIT|ABLE ACTIVITIES||||
|---|---|---|---|---|
||Unrestricted|Restricted|2021|2020|
||Fund|Fund|||
|||f|||
|Grants|6,579|52,727|59,306|111,756|
|Core|100,000||100,000|207,572|
|Education||762,668|762,668|749,583|
|Community|69,774|338,982|408,756|470,029|
||176,353|1,154,377|1,330,730|1,538,940|
##
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|Included
within donations|Included
within donations|is 2200,000 from Cardiff City|Football club (2020|Football club (2020|- 8200,000).||
|---|---|---|---|---|---|---|
|EXPENDITURE|||||||
|Charitable|activities|Unrestricted|Restricted||2021|2020|
|||Fund|Fund||||
|Core||156,947|||156,947|245,577|
|Education|||719,960||719,960|820,950|
|Community||61,760|350,045||411,805|419,152|
|||218,707|1,070,005|1,288,712||1,485,679|
|Fundraising|activities||||2021|2020|
|Fundraising|activities||||50,378|92,485|
##
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|EXPENDITURE - continued|||
|---|---|---|
|Support costs|||
||2021|2020|
|Core|16,809|18,533|
|Education|77,105|61,954|
|Community|44,103|31,632|
||138,017|112,119|
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|TAFF|COSTS|||
|---|---|---|---|
|||2021|2020|
||||F|
|Wages|and salaries|937,470|1,068,276|
|Social|security costs|68,007|66,844|
|Other|pension costs|27,317|19,882|
|||1,032,794|1,155,002|
|The|average|monthly|number|of|employees|during|the|year|was|as|follows:|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2021|2020|
|||||||||||||No.|No.|
|||||||||||||44|55|
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|2020 COMPARATIV|ES
F|OR THE STATEMENT|OF FINANCIAL ACTIV|ITIES||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
|||||f|E|
|INCOME FROM||||||
|Income from charitable
activities|||397,441|1,141,499|1,538,940|
|Incoming
fundraising|activities,|||||
|donations
8 generating
funds|||227,570||227,570|
|Total|||625,011|1,141,499|1,766,510|
|EXPENDITURE||||||
|Expenditure
on charitable||activities|356,153|1,129,526|1,485,679|
|Fundraising
activities|||92,485||92,485|
|Other administrative|costs||107,063|5,056|112,119|
|Total|||555,701|1,134,582|1,690,283|
|NET INCOME/(EXPENDITURE)|||69,310|6,917|76,227|
|Transfers
between|funds||5,582|~5,582)||
|Net movement
in funds|||74,892|1,335|76,227|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward||748,840|12,706|761,546|
|TOTAL FUNDS CARRIED||FORWARD|823,732|14,041|837,773|
##
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|TANGIBLE FIXED ASSETS|||||
|---|---|---|---|---|
||Plant and|Motor|Computer||
||machinery
F|vehicles
F|equipment
f|Totals|
|COST|||||
|At 1 September 2020|19,179|24,000|88,749|131,928|
|Additions|||10,695|10,695|
|Disposals|||||
|At 31 August 2021|19,179|24,000|99,444|142,623|
|DEPRECIATION|||||
|At 1 September 2020|12,529|19,730|48,385|80,644|
|Charge for year|1,702|1,067|15,648|18,417|
|Eliminated
on disposal|||||
|At 31 August 2021|14,231|20,797|64,033|99,061|
|NET BOOK VALUE|||||
|At 31 August 2021|4,948|3,203|35,411|43„562|
|At 31 August 2020|6,550|4,270|40,364|51,284|
##
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##
|DEBTORS:AMOUNTS
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2021|2020|
||||F|
|Trade debtors||52,149|42,002|
|Accrued income||12,950|730|
|P repayments||19,850|29,381|
|||84,949|72,113|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||2021|2020|
|||F|F|
|Trade creditors||27,349|16,108|
|Social security and other|taxes|17,498|20,844|
|Other creditors||4,198|6,159|
|Accruals||57,954|49,075|
|Deferred
income||243,089|482,452|
|||350,088|574,638|
##
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##
|Deferred|income relates to income received|income relates to income received|in advance of commencement|of project delivery|of project delivery|and the|
|---|---|---|---|---|---|---|
|movement|is as follows:-||||||
|||||2021||2020|
|||||f||E|
|Deferred|income at beginning|of period||482,452||428,419|
|Resources deferred
in the year||||772,050||296,287|
|Amounts|released
in the year|||(1,011,413)|~242,254)||
|||||243,089||482,452|
##
|CREDI|TORS: AMOUNTS
FALLING DUE A|FTER MORE THAN ONE YEAR||
|---|---|---|---|
|||2021|2020|
|||f||
|WCVA|loan|19,353||
|||19,353||
##
##
##
|MOVEMENT
IN|FUNDS||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between||
||||At 1/9/20|in funds|funds|Ai 31/8/21|
||||f||||
|Unrestricted
funds|||||||
|General fund|||673,732|(16,828)|84,551|741,455|
|Designated
fund|||150,000|||150,000|
||||823,732|(16,828)|84,551|891,455|
|Restricted funds|||||||
|PL Primary Stars|||||||
|PL Disability|||1,803|||1,803|
|PL Kicks|||||||
|ACT Traineeship||||13727|(13,727)||
|The Princes Trust|||7,233|(179)||7,054|
|Children
In Need|||39|||39|
|SOL Foundation|||390|||390|
|Royal British Legion|||1,039|||1,039|
|Armed Forces Covenant||Fund Trust|595|||595|
|British Lottery Fund|||824|||824|
|M 8 C Saatchi|||1,837|||1,837|
|PL Kicks Targeted|||281|||281|
|EFL Foundation|Degree|||18,220|(18,220)||
|Fitzalan
High BTEC Level 2||||(2,120)|2,120||
|CAVC BTEC Level 3||||54,724|@54,724)||
||||14,041|84,372|(84,551)|13,862|
|TOTAL FUNDS|||837,773|67,544||905,317|
##
##
|Net movement
in funds,
|included
in the above a|re as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|Unrestricted
funds|||||
|General
fund||390,274|(407,102)|(16,828)|
|Designated
fund|||||
|Restricted funds|||||
|PL Primary Stars||166,959|(166,959)||
|PL Kicks||211,061|(211,061)||
|ACT Traineeship||158,373|(144,646)|13,727|
|PLPFA Foundation||85,071|(85,071)||
|The Princes Trust|||(179)|(179)|
|Children
In Need||36,565|(36,565)||
|SOL Foundation||10,305|(10,305)||
|Armed Forces Covenant|Fund Trust|31,566|(31,566)||
|PL Inspires||42,034|(42,034)||
|CC Homework
Club||22,151|(22,151)||
|Kicks Other||2,000|(2,000)||
|The Waterloo
Foundation||4,166|(4,166)||
|PL Kicks Targeted||33,926|(33,926)||
|EFL Foundation
Degree||51,205|(32,985)|18,220|
|EFLYou V Train||4,000|(4,000)||
|Fitzalan
High BTEC Level 2||32,362|(34,482)|(2,120)|
|CAVC BTEC Level 3||242,011|(187,287)|54,724|
|Healthy
Hearts
Fund||2,964|(2,964)||
|Joy of Moving
WCVA —Bluebirds Experiences||14,700
2,958|14,700
~2,958)||
|||1,154,377|(1,070,005)|84,372|
|TOTAL FUNDS||1,544,651|~1,477,107)|67,544|
##
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##
|Funder/Pro'ect||~Ex iration|Maximum|
|---|---|---|---|
|||Date|Value|
|ACT Traineeship||2022|195,000|
|CC Homework|Club|2021|30,407|
|PL Primary Stars||2022|420,000|
|PLPFA||2021|250,000|
|PL Inspires||2022|135,000|
|EFL Foundation
Degree||2024||
|Fitzalan
High|BTEC Level 2|2021||
|CAVC BTEC|Level 3|2022|231,526|
|The Waterloo|Foundation|2022|10,000|
|CC Wellbeing|Clubs|2022|29,974|
##
|Funder/Pro'ect||~Ex iration|Maximum|
|---|---|---|---|
|||Date|Value|
|PL Kicks||2022|600,000|
|The Princes Trust||||
|Armed Forces Covenant|Fund Trust|2022|70,000|
|PL Kicks Targeted||2022|135,000|
|Children
in Need||2022|120,000|
|M & C Saatchi||2020|30,000|
|PL Disability
Fund||||
|Royal British Legion||||
|SOL Foundation*||2022|58,902|
|EFLYou V Train||2021||
|EFLJoy of Moving
WCVA —Bluebirds||2022
2022|15,000
58,059|
|PL Kicks Holiday Camps||2021|2,500|
|WCVA Volunteering||2022|16,403|
##
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##
|Minimum
lease payments
under non-cancellable
ope|rating
leases fall due as follows:||
|---|---|---|
||2021|2020|
|||E|
|Within one year|53,317|63,705|
|Between one and five years|100,000|128,317|
|ln more than five years|275,000|300,000|
||429,316|492,021|
##
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||F|P|
|INCOME||||||||||
|Income from charitable||||activities||||||
|Grants||||||||59,304|111,756|
|Core||||||||100,000|207,572|
|Education||||||||762,668|749,583|
|Community||||||||408,757|470,029|
|||||||||1,330,730|1,538,940|
|Incoming fundraising|||activities, donations|||8 generating|funds|||
|Donations||||||||213,921|227,570|
|Total incoming||resources||||||1,544,651|1,766,510|
|EXPENDITURE||||||||||
|Expenditure|on|charitable|||activities|||||
|Core||||||||156,947|245,577|
|Education||||||||719,960|820,950|
|Community||||||||411,805|419,152|
|||||||||1,288,712|1,485,679|
|Expenditure|on|fundraising|||activities|||||
|Fundraising|activities|||||||50,378|90,312|
|Loss on disposal||oftangible|||fixed assets||||2,173|
|||||||||50,378|92,485|
##
##
||||2021|2020|
|---|---|---|---|---|
|||||E|
|Support costs|||||
|Rates and water|||4,590|3,745|
|Insurance|||8,058|12,622|
|Telephone|||2,724|2,316|
|Postage and|stationery||2,431|2,708|
|Sundries|||557|695|
|Vehicle hire,|motor,|travel 8 subsistence|2,512|(962)|
|Depreciation|||4,292|11,260|
|Bank interest||||80|
|Computer
8|website costs||47,864|32,295|
|Internal
marketing||& communications|20,569||
|Staff training|8 welfare||1,216|648|
|Rent|||22,735|21,917|
|Repairs 8 renewals||||63|
|Auditors'
remuneration|||6,000|5,700|
|Professional|fees||14,469|19,032|
||||138,017|112,119|
|Total resources expended|||1,477,107|1,690,283|
|Net income|||67,544|76,227|