2021-08-31-accounts - Lincoln City Foundation

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		Page
Report ofthe Trustees	1	to	10
Independent Examiner's Report	11	to	12
Statement ofFinancial Activities		13
Statement ofFinancial Position	14 Io		15
Statement ofCash Flows		16
Notes to the Statement ofCash Flows		17
Notes to the Financial Statements	18 to		30

Requirements	Requirements			Target range	Actual at 31.8.21
				Fk	Ek
Working	capital			130	130
Risks in	income 2021122			25	25
Provision	for	unplanned	expenditure	25	25
General	fund			180	180
Development		fund		10-50	65
Total				190-230	245

	for t	he Year E	ded 31Au us	t 2021
					31/8/21	31/8/20
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
INCOME AND ENDOWMENTS	FROM	Notes	E		f'.	E
Donations and legacies			10,181		10,181	12,153
Charitable activities
Total activities			393,602	452,485	846,087	684,466
Other trading activities		3	117,517		117,517	67,490
Total			521,300	452,485	973,785	764,109
EXPENDITURE ON
Raising funds		5	(1,128)	8,450	7,322	5,802
Charitable activities
Total activities			513,092	287,731	800,823	707,363
Total			511,964	296,181	808,145	713,165
NET INCOME			9,336	156,304	165,640	50,944
Transfers between funds		16	61,055	(61,055)
Net movement in funds			70,391	95,249	165,640	50,944
RECONCILIATION OF FUNDS
Total funds brought forward			174,491	81,336	255,827	204,883
TOTAL FUNDS CARRIED FORWARD			244,882	176,585	421,467	255,827

forthe Year Ended	31Au ust 2021
	31/8/21	31/8/20
Notes		E
Cash flows from operating activities Cash generated from operations	100,617	26,845
Net cash provided by operating activities	100,617	26,845
Cash flows from investing activities Purchase of tangible fixed assets	(430)	(9,058)
Nel cash used in investing activities	(430)	(9,058)
Change in cash and cash equivalents in the reporting period	100,187	17,787
Cash and cash equivalents at the beginning ofthe reporting period	220,675	202,888
Cash and cash equivalents at the end ofthe reporting period	320,862	220,675

		Lincoln Cl Foundation Notes to the Statement ofCash Flows for the Year Ended 31 Au ust 2021	Lincoln Cl Foundation Notes to the Statement ofCash Flows for the Year Ended 31 Au ust 2021	Lincoln Cl Foundation Notes to the Statement ofCash Flows for the Year Ended 31 Au ust 2021	Lincoln Cl Foundation Notes to the Statement ofCash Flows for the Year Ended 31 Au ust 2021	Lincoln Cl Foundation Notes to the Statement ofCash Flows for the Year Ended 31 Au ust 2021
RECONCILIATION		OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
					31/8/21	31/8/20
						6
Net income for the		reporting		period (as per the Statement of
Financial Activities)					165,640	50,944
Adjustments for:
Depreciation charges					5,565	3,878
Decrease/(increase) Increase in debtors		in stocks			4,060 (129,491)	(4,060) (19,914)
Increase/(decrease)		in creditors			54,843	(4,003)
Net cash provided		by operations			100,617	26,845
ANALYSIS OF CHANGES			IN NET FUNDS
				At 1.9.20	Cash flow	At 31.8.21
					F	F
Net cash
Cash at bank and	in	hand		220,675	100,187	320,862
				220,675	100,187	320,862
Total				220,675	100,187	320,862

DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
					31/8/21 f	31/8/20
Donations					10,181	12,153
OTHER TRADING ACTIVITIES
					31/8/21 f	31/8/20 f
Birthday parties Education Holiday courses					86,000 31,517	1,767 53,477 12,246
					117,517	67,490
INCOME FROM CHARITABLE ACTIVITIES
					31/8/21	31/8/20
General income Matchday activities Grant income Sponsorship BTEC	Activity Total activities Total activities Total activities Total activities Total activities				f 298,270 23 374,794 173,000	394,638 5,937 179,720 71 104,100
					846,087	684,466
Deferred incoming resources					31/8/21 f	31/8/20 f
Deferred income brought Income received during Deferred income carried	forward the period forward	and released	during	the year	69,375 1,021,290 (97,880)	84,464 749,020 (69,375)
Income recognised in year to 31 August					973,785	764,109

5.	RAISING FUNDS	RAISING FUNDS
	Other trading	activities
	Staff costs Hire offacilities Bad debts				31/8/21 f 6,021 717 584	31/8/20 E 5,409 393
					7,322	5,802
6.	CHARITABLE	ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 7)	Totals
	Total activities			707,391	E 93,432	8 800,823
7.	SUPPORT COSTS
					Governance
				Management	costs	Totals
	Total activities			81,758	11,674	93,432
	Support costs,	included	in the above, are as follows:
					31/8/21	31/8/20
					Total	Total
					activities	activities
					E	E
	Wages Hire offacilities Insurance Administrative costs Depreciation of tangible Accountancy Professional fees		assets		60,214 7,165 4,292 4,521 5,566 7,159 4,515	54,080 3,933 1,867 3,368 3,878 6,793 9,068
					93,432	82,987

Net income/(expenditure) is stat	ed after charging/(crediting):
		31/8/21 f	31/8/20 F
Depreciation - owned assets Other operating leases		5,565 7,882	3,878 4,326
Fees payable to the Independent Examination Other fees paid to Independent	Examiner - for the Independent Examiner	1,800 5,171	2,400 5,373

STAFF COSTS
	2021	2020
	E
Salaries and wages Social security Pensions	550,131 38,234 9,888	496,753 34,862 9,189
	598,253	540,804

The averag	e monthly number of employees during	the year was as follows:
		31/8/21	31/8/20
Permanent	employees	34	34

Notes tothe Financial Statements -continued for the Year Ended 31 Au ust 2021	Notes tothe Financial Statements -continued for the Year Ended 31 Au ust 2021	Notes tothe Financial Statements -continued for the Year Ended 31 Au ust 2021
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
		E	E	F
INCOME AND ENDOWMENTS	FROM
Donations and legacies		4,032	8,121	12,153
Charitable activities
Total activities		388,153	296,313	684,466
Other trading activities		67,490		67,490
Total		459,675	304,434	764,109
EXPENDITURE ON
Raising funds		4,001	1,801	5,802
Charitable activities
Total activities		450,793	256,570	707,363
Total		454,794	258,371	713,165
NET INCOME		4,881	46,063	50,944
Transfers between funds		(6)
Net movement in funds		4,875	46,069	50,944
RECONCILIATION OF FUNDS
Total funds brought forward		169,616	35,267	204,883
TOTAL FUNDS CARRIED FORWARD		174,491	81,336	255,827

TANGIBLE F	IXEDASS	ETS
			Fixtures
		Plant and	and	Computer
		machinery F	fittings E	equipment f	Totals F
COST At 1 September 2020 Additions		5,218	13,077	4,723 430	23,018 430
At 31 August	2021	5,218	13,077	5,153	23,448
DEPRECIATION At 1 September 2020 Charge for year		1,320 1,253	6,862 1,492	2,333 2,820	10,515 5,565
At 31 August	2021	2,573	8,354	5,153	16,080
NET BOOK At 31 August	VALUE 2021	2,645	4,723		7,368
At 31 August	2020	3,898	6,215	2,390	12,503
STOCKS
				31/8/21	31/8/20
Stocks					4,060
DEBTORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
				31/8/21	31/8/20
				E
Trade debtors Prepayments and accrued income				229,792 16,173	104,559 11,915
				245,965	116,474

CREDITORS: AMOUNTS FALLING DUE WITHIN ON	E YEAR
	31/8/21	31/8/20
	F.	L
Trade creditors Social security and other taxes Accruals Deferred income	15,027 13,625 26,196 97,880	12,018 7,810 8,682 69,375
	152,728	97,885

MOVEMENT IN FU
		Net	Transfers
		movement	between	At
	At 1.9.20	in funds	funds	31.8.21
	6	F	E
Unrestricted funds
General fund	174,491	9,336	61,055	244,882
Restricted funds
Cargill NCS Moorland Kurling Club Inspiring Lives Get On Side PBSA Autism Awareness Premier League Kicks Primary Stars Tackling Loneliness Together Twinning (Prison) English in the Community Tackling inequalities Health &Wellbeing	54,843 1,679 13,916 852 6,893 475 127 2,551	11,471 29 78,635 498 2 (1) 5,305 50,365 5,000 5,000	(54,872) (1,679) (852) (498) (477) (126) (2,551)	11,471 13,916 85,528 5,305 50,365 5,000 5,000
	81,336	156,304	(61,055)	176,585
TOTAL FUNDS	255,827	165,640		421,467

Net mov	ement in fun	are as follows:
		Incoming	Resources	Movement
		resources F	expended f	in funds
Unrestricted funds
General	fund	521,300	(511,964)	9,336
Restricted funds
Cargill NCS		14,887 118,721	(3,416) (118,692)	11,471 29
PBSA		153,494	(74,859)	78,635
Autism Awareness		2,733	(2,235)	498
Premier League Kicks Primary Stars Tackling Loneliness Together Twinning (Prison) English in the Community Tackling Inequalities Health &Wellbeing		19,110 37,589 26,526 7,500 61,925 5,000 5,000	(19,108) (37,590) (26,526) (2,195) (11,560)	2 (1) 5,305 50,365 5,000 5,000
		452,485	(296,181)	156,304
TOTAL	FUNDS	973,785	(808,145)	165,640

Compara	tives fo	r movement in fund	s
				Net	Transfers
				movement	between	At
			At 1.9.19	in funds	funds	31.8.20
			E	E	E	E
Unrestricted funds
General	fund		169,616	4,881	(6)	174,491
Restricted funds
Cargill NCS Moorland Kurling Inspiring Lives Get On Side PBSA		Club	6,248 20,923 1,711 5,482 903	(6,254) 33,920 (32) 8,434 (51) 6,893		54,843 1,679 13,916 852 6,893
Premier Primary Tackling	League Kicks Stars Loneliness Together			475 127 2,551		475 127 2,551
			35,267	46,063		81,336
TOTAL	FUNDS		204,883	50,944		255,827