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||Page||
|---|---|---|
|Report ofthe Trustees|1 to|14|
|Report ofthe Independent
Auditors|15 to|18|
|Statement of Financial Activities|19||
|Statement of Financial Position|20||
|Statement ofCash Flows|21||
|Notes to the Statement ofCash Flows|22||
|Notes to the Financial Statements|23 to|40|
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|f|or the|Year En|ded 31 Au
u|st 2023|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|6||E|E|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies||2|30,381|21|30,402|10,011|
|Charitable
activities|||||||
|Total activities|||461,257|634,501|1,095,758|1,036,248|
|Other trading
activities||3|163,755||163,755|139,559|
|Investment
income||4|748||748||
|Total|||656,141|634,522|1,290,663|1,185,818|
|EXPENDITURE ON|||||||
|Raising funds||6|10,315||10,315|8,523|
|Charitable
activities|||||||
|Total activities|||706,735|650,872|1,357,607|1,129,292|
|Total|||717,050|650,872|1,367,922|1,137,815|
|NET INCOME/(EXPENDITURE)|||(60,909)|(16,350)|(77,259)|48,003|
|Transfers
between funds||20|(25,000)|25,000|||
|Net movement
in funds|||(85,909)|8,650|(77,259)|48,003|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||318,053|151,417|469,470|421,467|
|TOTAL FUNDS CARRIED FORWARD|||232,144|160,067|392,211|469,470|
##
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|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|F|6|F|6|
|FIXEDASSETS||||||
|Tangible assets|15|2,217||2,217|4,624|
|Investments|16|100||100||
|||2,317||2,317|4,624|
|CURRENT ASSETS||||||
|Debtors|17|99,581|50,431|150,012|210,785|
|Cash at bank and in hand||175,206|131,792|306,998|402,334|
|||274,787|182,223|457,010|613,119|
|CREDITORS||||||
|Amounts
falling due within one year|18|(44,961)|(22,155)|(67,116)|(148,273)|
|NET CURRENT ASSETS||229,826|160,068|389,894|464,846|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||232,143|160,068|392,211|469,470|
|NET ASSETS||232,143|160,068|392,211|469,470|
|FUNDS|20|||||
|Unrestricted
funds||||232,143|318,053|
|Restricted funds||||160,068|151,417|
|TOTAL FUNDS||||392,211|469,470|
##
||fort|he Year Ended|31 Au
ust 2023||
|---|---|---|---|---|
||||2023|2022|
|||Notes|F|F|
|Cash flows from operating|activities||||
|Cash generated
from operations||1|(118,139)|81,472|
|Net cash (used in)/provided|by operating||||
|activities|||(118,139)|81,472|
|Cash flows from investing|activities||||
|Purchase offixed asset investments|||(100)||
|Interest received|||748||
|Net cash provided
by investing
activities|||648||
|Change
in cash and cash|||||
|equivalents
in the reporting|||||
|period
Cash and cash equivalents|at the||(117,491)|81,472|
|beginning
ofthe reporting|period|2|402,334|320,862|
|Cash and cash equivalents|at the||||
|end ofthe reporting
period|||284,843|402,334|
##
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|OPERATING ACTIV|ITIES||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E||
|Net (expenditure)/income||for the reporting|period (as per||||
|the Statement of Financial||Activities)|||(77,259)|48,003|
|Adjustments
for:|||||||
|Depreciation
charges|||||2,408|2,744|
|Interest received|||||(748)||
|Decrease
in debtors|||||60,773|35,180|
|Decrease
in creditors|||||(103,313)|(4,455)|
|Net cash (used in)/provided||by operations|||(118,139)|81,472|
|ANALYSIS OF CASH AND||CASH EQUIVALENTS|||||
||||||2023|2022|
|||||||E|
|Cash in hand||||||100|
|Notice deposits (less than 3months)|||||306,998|402,234|
|Overdrafts
included|in bank|loans and overdrafts||falling due|||
|within one year|||||(22,155)||
|Total cash and cash|equivalents||||284,843|402,334|
|ANALYSIS OF CHANGES||IN NET FUNDS|||||
|||||At 1.9.22
F|Cash flow
f|At 31.8.23|
|Net cash|||||||
|Cash at bank and in|hand|||402,334|(95,336)|306,998|
|Bank overdrafis|||||(22,155)|(22,155)|
|||||402,334|(117,491)|284,843|
|Total||||402,334|(117,491)|284,843|
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||||for the Y|for the Y|for the Y|ear Ended 3|1Au
ust 2023|||
|---|---|---|---|---|---|---|---|---|---|
|2.|DONATIONS
AND||LEGACIES|||||||
|||||||||2023|2022|
|||||||||E||
||Donations|||||||30,402|10,011|
|3.|OTHER TRADING||ACTIVITIES|||||||
|||||||||2023
F|2022
f|
||Education|||||||77,370|74,113|
||Holiday courses|||||||86,385|65,446|
|||||||||163,755|139,559|
|4.|INVESTMENT INCOME|||||||||
|||||||||2023
6|2022
f|
||Interest receivable - trading|||||||748||
|5.|INCOME FROM|CHARITABLE ACTIVITIES||||||||
|||||||||2023|2022|
||||||Activity|||||
||General
income||||Total activities|||304,857|457,986|
||Grant income||||Total activities|||634,001|370,762|
||Sponsorship||||Total activities|||910|800|
||BTEC||||Total activities|||155,990|206,700|
|||||||||1,095,758|1,036,248|
||Deferred incoming||resources|||||31/8/23|31/8/22|
|||||||||6|6|
||Deferred income|brought||forward||and released|during the year|21,539|97,880|
||Income received|during||the period||||1,278,161|1,109,477|
||Deferred income|carried||forward||||(9,036)|(21,539)|
||Income recognised||in year||to 31 August|||1,290,664|1,185,818|
##
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##
##
|Other trading|activities|activities|||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|f|
|Staff costs|||||9,268|7,747|
|Facility hire|||||1,047|776|
||||||10,315|8,523|
|CHARITABLE ACTIVITIES COSTS|||||||
|||||Grant|||
|||||funding of|||
||||Direct|activities|Support||
||||Costs (see|(see note|costs (see||
||||note 8)|9)|note 10)|Totals|
|||||||R|
|Total activities|||1,111,148|127,000|119,459|1,357„607|
|DIRECT COSTS||OF CHARITABLE|ACTIVITIES||||
||||||2023|2022|
||||||6||
|Staff costs|||||824,847|689,537|
|Sundries|||||37,524|44,107|
|Transport
and travel|||||14,943|20,609|
|Repairs, renewals||and equipment|||47,054|46,291|
|Equipment
hire|||||2,183|3,592|
|Postage and|stationery||||6,134|10,393|
|Telephone|||||13,214|15,100|
|Advertising|||||2,318|4,592|
|Staff training|and|coaching|||10,711|20,058|
|Facility hire|||||92,623|69,095|
|Resources|||||3,452|5,979|
|Coaches and|physio||||43,002|41,710|
|Trips and outings|||||12,393|16,259|
|Consultancy|||||750|28,965|
|Bad debts||||||9,570|
||||||1,111,148|1,025,857|
##
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##
||2023|2022|
|---|---|---|
||F|F|
||127,000||
||Governance||
|Management|costs|Totals|
|6|6||
|109,489|9,970|119,459|
|Support|cost|s, included|in the above, are as follows:|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||Total|Total|
|||||activities|activities|
|||||E|F.|
|Wages||||92,679|77,476|
|Facility hire||||10,474|7,764|
|Insurance||||3,928|3,250|
|Depreciation||oftangible|assets|2,408|2,744|
|Auditors'|remuneration|||6,600|6,600|
|Auditors'|remuneration||for non audit|||
|work||||3,054|4,370|
|Professional||fees||316|1,231|
|||||119,459|103,435|
##
##
||||2023|2022|
|---|---|---|---|---|
|||||E|
|Auditors'|remuneration||6,600|6,600|
|Auditors'|remuneration|for non audit work|3,054|4,370|
|Depreciation
-owned||assets|2,407|2,744|
##
##
##
##
##
|STAFF COSTS|||
|---|---|---|
||2023|2022|
|||L|
|Salaries and wages|857,935|710,635|
|Social security|55,782|53,166|
|Pensions|13,078|10,959|
||926,795|774,760|
||During the year key management|During the year key management|During the year key management|personnel|received remuneration|received remuneration|amounting|to|6157,775|
|---|---|---|---|---|---|---|---|---|---|
||(2022 123,667).|||||||||
||||||||2023||2022|
||Employees
with emoluments||L'60,000- L'70,000|||||||
||The average
monthly|number|of|employees|during|the year was as|follows:|||
||||||||2023||2022|
||Permanent
employees||||||43||41|
|14.|COMPARATIVES FOR THE||STATEMENT||OF FINANCIAL ACTIVITIES|||||
|||||||Unrestricted|Restricted||Total|
|||||||funds|funds||funds|
|||||||6|L'||F|
||INCOME AND ENDOWMENTS|||FROM||||||
||Donations and legacies|||||6,994|3,017||10,011|
||Charitable
activities|||||||||
||Total activities|||||681,101|355,147||1,036,248|
||Other trading
activities|||||139,559|||139,559|
||Total|||||827,654|358,164||1,185,818|
||EXPENDITURE ON|||||||||
||Raising funds|||||6,879|1,644||8,523|
##
||Notes to the Financial Statements
-continued
for the Year Ended 31Au
ust 2023|Notes to the Financial Statements
-continued
for the Year Ended 31Au
ust 2023|Notes to the Financial Statements
-continued
for the Year Ended 31Au
ust 2023|Notes to the Financial Statements
-continued
for the Year Ended 31Au
ust 2023|Notes to the Financial Statements
-continued
for the Year Ended 31Au
ust 2023|Notes to the Financial Statements
-continued
for the Year Ended 31Au
ust 2023|Notes to the Financial Statements
-continued
for the Year Ended 31Au
ust 2023|
|---|---|---|---|---|---|---|---|
|14.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|||||||
||||||Unrestricted|Restricted|Total|
||||||funds|funds
6|funds
f|
||Charitable
activities|||||||
||Total activities||||716,370|412,922|1,129,292|
||Total||||723,249|414,566|1,137,815|
||NET INCOME/(EXPENDITURE)||||104,405|(56,402)|48,003|
||Transfers
between|funds|||(31,234)|31,234||
||Net movement
in funds||||73,171|(25,168)|48,003|
||RECONCILIATION|OF FUNDS||||||
||Total funds brought|forward|||244,882|176,585|421,467|
||TOTAL FUNDS CARRIED|||||||
||FORWARD||||318,053|151,417|469,470|
|15.|TANGIBLE FIXEDASSETS|||||||
||||||Fixtures|||
||||Plant and||and|Computer||
||||machinery||fittings|equipment|Totals|
||||E||6|||
||COST|||||||
||At 1 September 2022||5,218||13,077|5,153|23,448|
||Disposals||||(5,620)|(5,153)|(10,773)|
||At 31 August 2023||5,218||7,457||12,675|
||DEPRECIATION|||||||
||At 1 September 2022||3,825||9,846|5,153|18,824|
||Charge for year|||916|1,491|-|2,407|
||Eliminated
on disposal||||(5,620)|(5,153)|(10,773)|
||At 31 August 2023||4,741||5,717||10,458|
||NET BOOK VALUE|||||||
||At 31August 2023|||477|1,740||2,217|
||At 31 August 2022||1,393||3,231||4,624|
##
##
|FIXEDASSET INVESTMENTS||
|---|---|
||Unlisted|
||investments|
||F|
|MARKET VALUE||
|Additions|100|
|NET BOOK VALUE||
|At 31 August 2023|100|
|At 31 August 2022||
##
##
|DEBTORS:A|MOUNTS
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2023|2022|
||||F|E|
|Trade debtors|||127,046|201,596|
|Prepayments|and accrued|income|22,966|9,189|
||||150,012|210,785|
|CREDITORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||2023|2022|
||||F|F|
|Bank loans and overdrafts||(see note 19)|22,155||
|Trade creditors|||17,097|52,149|
|Social security|and other taxes||2,165|16,490|
|Accruals|||16,663|58,095|
|Deferred income|||9,036|21,539|
||||67,116|148,273|
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||Amounts
falling due within one|||year on demand:||||
||Bank overdrafts|||||22,155||
|20.|MOVEMENT
IN|FUNDS||||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.9.22|in funds|funds|31.8.23|
|||||6|E|8|8|
||Unrestricted
funds|||||||
||General fund|||318,053|(60,910)|(25,000)|232,143|
||Restricted funds|||||||
||PBSA|||37,400|(9,161)||28,239|
||Fighting
Fit|||42,915|(30,277)||12,638|
||Football Development|||8,600|(8,600)|||
||Holiday
Club|||1,200|(1,200)|||
||Multiply||||894||894|
||LCFC Sinking
Fund|||25,000||25,000|50,000|
||Emerging
Talent|Centre (ETC)|||25,226||25,226|
||Holiday Activities|and Food|(HAF)|||||
||Holiday Clubs||||3,276||3,276|
||Cargill|||10,078|(10,078)|||
||English
in the Community|||26,224|(26,224)|||
||North Kesteven|District Council||||||
||(NKDC) —Health,|Wellbeing|8|||||
||Resilience Fund||||1,556||1,556|
||FA Project B1||||750||750|
||Community
Events||||9,340||9,340|
||National
Grid - Community||Matters||5,435||5,435|
||Lincolnshire
County Council (LCC)|||||||
||- ESOL Adult Education||||946||946|
||Parkinsons
UK||||3,000||3,000|
||Sport England -|Youth Fighting||Fit|7,714||7,714|
||Million Hours||||1,054||1,054|
||City of Lincoln Council - Household|||||||
||Support Fund||||10,000||10,000|
|||||151,417|(16,349)|25,000|160,068|
||TOTAL FUNDS|||469,470|(77,259)||392,211|
##
##
|Net movement
in fund|s,
in|c|luded|in the above|are as follows:|||
|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||6|F||
|Unrestricted
funds||||||||
|General fund|||||656,141|(717,051)|(60,910)|
|Restricted funds||||||||
|PBSA|||||56,778|(65,939)|(9,161)|
|Fighting
Fit||||||(30,277)|(30,277)|
|Football Development||||||(8,600)|(8,600)|
|Holiday Club||||||(1,200)|(1,200)|
|Premier League Primary Stars|||||35,000|(35,000)||
|Multiply|||||80,607|(79,713)|894|
|Premier League Core|Funding||||14,500|(14,500)||
|Wildcats|||||3,800|(3,800)||
|Emerging
Talent Centre (ETC)|||||50,000|(24,774)|25,226|
|National
Grid - Warm|Hub||||8,000|(8,000)||
|East Midlands
Railway|||||1,000|(1,000)||
|Lincolnshire
County Council - Shine|||||16,136|(16,136)||
|NHS Winter Pressures|||||9,928|(9,928)||
|Evan Cornish Grassroots||fund|||2,448|(2,448)||
|Holiday Activities and|Food||(HAF)|||||
|Holiday Clubs|||||47,247|(43,971)|3,276|
|Community
Renewal|Fund||(CRF)||5,474|(5,474)||
|Youth Sports Justice|||||19,522|(19,522)||
|Premier League Kicks|||||33,928|(33,928)||
|Cargill||||||(10,078)|(10,078)|
|Twinning
(Prisons)|||||12,500|(12,500)||
|English
in the Community|||||637|(26,861)|(26,224)|
|EFL Community
Club||||||||
|Organisation
s|||||35,000|(35,000)||
|North Kesteven
District Council||||||||
|(NKDC) - Health, Wellbeing|||8|||||
|Resilience
Fund|||||3,500|(1,944)|1,556|
|Youth Investment
Fund|||||137,822|(137,822)||
|FA Project B1|||||750||750|
|Community
Events|||||10,999|(1,659)|9,340|
|Together Fund|||||3,763|(3,763)||
|National
Grid - Community|||Matters||9,648|(4,213)|5,435|
|Lincolnshire
County Council (LCC)||||||||
|- ESOL Adult Education|||||1,063|(117)|946|
|City of Lincoln Council|- Community|||||||
|World Cup Event|||||1,572|(1,572)||
|John Dauber - Sincil Bank||FC|||1,501|(1,501)||
|Parkinsons
UK|||||3,000||3,000|
|Sport England - Youth|Fighting|||Fit|7,714||7,714|
|Million Hours|||||9,685|(8,631)|1,054|
|City of Lincoln Council|- Household|||||||
|Support
Fund|||||11,000|(1,000)|10,000|
##
##
|MOVEM|ENT
IN FUNDS - continue|d|||
|---|---|---|---|---|
|||634,522|(650,871)|(16,349)|
|TOTAL|FUNDS|1,290,663|(1,367,922)|(77,259)|
##
|Compar|atives
for movement
in fu|nds||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.9.21
f|in funds
F|funds
f|31.8.22
L|
|Unrestricted
funds||||||
|General|fund|244,882|104,405|(31,234)|318,053|
|Restricted funds||||||
|PBSA||85,528|(48,128)||37,400|
|Fighting|Fit||42,915||42,915|
|Football|Development||8,600||8,600|
|Holiday|Club||1,200||1,200|
|Premier|League Primary Stars||(5,535)|5,535||
|LCFC Sinking
Fund||||25,000|25,000|
|Premier|League Kicks||(157)|157||
|Cargill||11,471|(1,393)||10,078|
|Twinning|(Prisons)|5,305|(5,847)|542||
|English|in the Community|50,365|(24,141)||26,224|
|Tackling|Inequalities|5,000|(5,000)|||
|Health 8 Wellbeing||5,000|(5,000)|||
|Inspiring|Lives|13,916|(13,916)|||
|||176,585|(56,402)|31,234|151,417|
|TOTAL|FUNDS|421,467|48,003||469,470|
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