**COMPANY REGISTRATION NUMBER: 06797988 CHARITY REGISTRATION NUMBER: 1128906**
## **Plymouth Argyle Football in the Community Trust Company Limited by Guarantee Financial Statements**
## **30 June 2021**
## **ELLIOTT BUNKER LIMITED**
Chartered accountants & statutory auditor 61 Macrae Road Ham Green Bristol BS20 0DD
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Financial Statements**
## **Year ended 30 June 2021**
||**Page**|
|---|---|
|Trustees' annual report (incorporating the directors' report)|**1**|
|Independent auditor's report to the members|**15**|
|Statement of financial activities (including income and expenditure||
|account)|**21**|
|Statement of financial position|**22**|
|Statement of cash flows|**23**|
|Notes to the financial statements|**24**|
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)**
## **Year ended 30 June 2021**
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 30 June 2021.
## **Reference and administrative details**
**Registered charity name** Plymouth Argyle Football in the Community Trust **Charity registration number** 1128906 **Company registration number** 06797988 **Principal office and registered** Home Park **office** Plymouth Devon PL2 3DQ **The Trustees** Captain D M Tall OBE RN (Resigned 3 December 2020) Mr P Baker (Resigned 3 December 2020) Mr P Berne Mr S Brownlow Ms C A Dennerly Mr J Morgan Mr A Parkinson Mrs J R Cubbon Mr R T Ramsey Mr P G Steer **Company secretary** Mrs Jo Yorke **Auditor** Elliott Bunker Limited Chartered accountants & statutory auditor 61 Macrae Road Ham Green Bristol BS20 0DD
**1**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
## **Structure, governance and management**
Plymouth Argyle Football in the Community Trust was incorporated as a company limited by guarantee registration number 06797988 on January 21, 2009 and is registered with the Charity Commission under Charity Number 1128906. It is governed by its Articles of Association and operates under the name "Argyle Community Trust".
## **Organisational Structure**
The Trustees are responsible for the general control and management of the Trust. The Trustees give their time freely and receive no remuneration or other financial benefits, apart from expenses related to attendance at Trust Board meetings.
The Trustees meet together as a body usually no less than bi-monthly and are responsible for all decisions taken in relation to running the Trust and the community facilities and activities provided by the Trust.
## **Recruitment and appointment of trustees**
The existing Trustees are responsible for the recruitment of new Trustees and invite new Trustees to the board. Potential Trustees are invited to attend Trustees' meetings as observers and are given more details of the Trust's aims and activities and, if all agree, they are then proposed as new Trustees at the subsequent Trustees' meeting. This process allows due consideration of the person's eligibility, personal competence, specialist knowledge and skills.
The day to day management of the Community Trust facilities, activities and projects are delegated to staff, under the leadership of Chief Executive Officer Mark Lovell.
## **Risk Management**
Insurance cover is in place and the finances of the Trust are kept under review. Appropriate Disclosure Barring Service (DBS) checks and Safeguarding training, supported by regularly reviewed policies, are made for all those who work with children or other vulnerable groups within the Trust.
**2**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
## **Objectives and activities**
## **Our aims**
The Trust's objects (its charitable purposes) are:
- to promote physical education;
- to promote community participation in healthy recreation by providing facilities for the playing of football
- and other sports capable of improving physical health;
to assist (whether by providing financial or such other assistance as may be deemed appropriate by the trustees) 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; and
to advance the education of the public and to provide opportunities for them to develop their full capacities and enable them to become responsible members of society so that their conditions of life may be improved.
## **Our objectives**
Our objectives are to build productive partnerships between Plymouth Argyle Football Club and the local community, support local people by providing access to a wide range of both physical and human resources, to develop within young people and their families, a positive attitude, and a commitment to lifelong learning and to nurture self-respect and respect for other individuals and to avoid prejudice and discrimination in the treatment of others.
The Trustees confirm that they have had regard to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.
## **Use of volunteers**
Volunteers are an important resource in our community work. All volunteers working with projects involving children or other vulnerable groups are DBS checked.
**3**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
## **Achievements and performance**
## **Staffing Levels**
Argyle Community Trust currently has 70 full-time staff, 13 apprentices and utilises a pool of 44 sessional staff. This facilitated our delivery of provisions within our communities during the COVID-19 pandemic and its many restrictions throughout the period.
## **Key Staff:**
- Chief Executive Officer - Mark Lovell
- Compliance and Safeguarding Officer- Alison Lowman
- Head of Operations - Jason Chapman
- Head of Business and Impact - Dwain Morgan
- Head of Education and Employment - Gareth Harries
- Finance and Office Manager - Jo Yorke
- Cornwall Programmes Manager - Mike Foley
- Head of Facilities - Lewis Coombes
- Head of Health - Ben Kerswell
- Regional Participation Managers - Stewart Walbridge, Gary Jeffrey and Liam Chinn
- Head of Community Engagement - Daniel Hart
## **Strategic Update:**
The past 12 months have been a difficult year for the charitable sector, following the effects of the pandemic. The Trust has diversified its delivery to support our communities and, in some cases, paused provisions due to government restrictions. As restrictions eased, the charity restarted in phased approaches, offering varied provisions to retain engagement and support those most in need, particularly those vulnerable and isolated throughout Devon and Cornwall.
Before the pandemic, the charity launched its new 'Our Community' strategy from July 2019 -2022. Its purpose was to provide opportunities to all people within our communities by inspiring and empowering them through sport.
The key strategic aims outlined for the strategy were:
**Empower People:** To support the communities of Devon and Cornwall in overcoming inequalities, raising aspirations, and providing accredited attainment.
**Inspire Supporters:** To ensure the passion that surrounds the club is shared with the charity. To look after our current supporters through our community outreach programmes, increase engagement, and develop new supporters of the Trust and Club.
**Promote Physical Participation and Wellbeing:** Encouraging healthier lifestyles and increasing opportunities for people of all ages and abilities to participate. Promote strategies and provide opportunities that support and maintain good physical, mental and emotional health, and remediate the adverse effects of poor health.
**Improve Our Systems and Structures:** Focus on providing our staff and communities with comprehensive and ongoing innovative leadership and support.
**Understanding and Measuring Impact:** Identifying that a key area for development is to understand and measure the impact of our programmes. We currently measure in line with funding partner requirements and overall figures.
These aims have and will be met through projects and programmes delivered within communities, with some key aims and enablers improving our output and the resulting impact.
**4**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
By 2022, we will have invested in the infrastructure and resources to evidence and analyse the extent to which the money invested in our community has added value and provided social worth. Consideration has been given to the demands of new projects and strands of work that have been implemented to achieve our strategic aims.
Maintaining existing and developing new partners continues to be important to ensure we retain services for those most in need but also provide the opportunity to evolve, diversify, and reach new audiences as identified through local insight.
The effects of the pandemic allowed the Trust's management team to reflect on and review its strategic plan and acknowledge that some of the challenges faced by the community have changed. Through SWOT analysis and key stakeholder engagement, the Trust's 'Our Community' strategic plan has been extended to 2024 and enhanced with a detailed plan of how goals will be achieved from the learnings of the last 18 months.
## **Cost:**
Since becoming a charity in 2009, Argyle Community Trust has undertaken a range of activities to fulfil its charitable aims. The charity aims to deliver benefit to our customers through reduced or subsidised prices and providing some provisions free of charge which lead to improved health and well-being, improved skills and qualifications, long-term behaviour changes that retain involvement in sports, education, and employment strands. We continually monitor costs to ensure that finance is not an an obstacle.
## **Examples of this:**
Our Fit and Fed programme for children on free school meals delivers sports activities, healthy meals and enrichment provisions during the school holidays to ensure they remain healthy, develop new skills and are fed when schools close.
We deliver targeted interventions designed to help people become active, improve health, and initiate behaviour change targeting those based in areas of health inequality in Plymouth and Cornwall. Participants undertake a 12-week health and well-being programme, funded by Plymouth City Council and Cornwall Council, to ensure cost was not a barrier to a healthier lifestyle.
Educational courses and programmes targeted the unemployed, pupils and trainees and were delivered free. A funded programme was delivered for adult education, ensuring cost barriers were removed for those most in need.
Our community projects for participants in areas of deprivation, hard to reach groups and those disadvantaged, were offered at substantially reduced rates and, in many cases, were free including PL Kicks and satellite clubs. Participants gained free accredited qualifications through this remit.
Our subscription-based provisions, including after school clubs, were offered at £4 per session, helping people access provisions. A maximum of £30 per hour for PE lesson cover and school support was charged, further reduced if additional staff or hours were required. Similarly, Soccer Schools were delivered at just £12 per day, with sibling discounts available. Wherever possible we aimed to remove or subsidise these costs by gaining corporate sponsors, funding, or donations.
Our sports facilities were competitively priced to ensure they were community focussed and not based on commercial costs, ensuring local people could access the sites. In some cases, we received funding for programmes that covered the cost of facilities removing costs and barriers to access. We have remained mindful to ensure our business plan covers overheads, sink funds and other costs associated with running facilities, but we remain competitive and present at all sites.
During the reporting period, our provisions diversified due to restrictions. The majority of these were funded by our current funders or new support grants that we received to help those during the pandemic.
**5**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
## **How our activities have benefited the community:**
The Trust carried out a variety of provisions to meet our charitable aims and continues to deliver benefit to our participants by offering reduced, subsidised and fully funded programmes that are accessible to our community, with some programmes providing accredited qualifications and others providing lifelong learning or health benefits.
Whilst the cost of living has risen, along with employer contributions to pensions, national minimum wage and general overheads, the Trust is extremely proud that it has not passed these increases on to the end-user, maintaining our policy of removing barriers to participation. This is something we continue to monitor.
The Trust's services have further expanded with the introduction of an agreement to manage Central Park Sports Hub on behalf of Plymouth City Council.
## **COVID-19 Provisions**
From July 2020 until June 2021 the Charity's income was £2,826,177. This enabled us to deliver over 70 projects across Devon and Cornwall with a focus on:
- Sports Participation
- Education
- Employment
- Health
- Disability
- Community Engagement
- Facilities
Whilst restrictions hindered some elements of delivery, we diversified our output to help our communities during the first lockdown. With new projects, creative programmes, and online content, our teams rose to the challenge to support those most in need.
Engagement with programmes saw the Trust work with over 30,000 people during this period, ranging in age from 2 to 87 years, classified as vulnerable or hardest to reach across the two counties. We focused on levelling up our provisions in Cornwall, ensuring the offer was like that of Devon, where there was a need in the area.
## **Community Engagement & Social Action:**
We are immensely proud of our output and coverage of the National Citizen Service programme. Residential programmes were cancelled due to the pandemic, so we adapted to offer localised programmes with some virtual provisions. During the 2020/21 financial year 177 YP graduated, undertaking 100 hours of activity each and delivering 2,655 hours of youth social action in Plymouth, equating to £12,226 of unpaid work.
PL Kicks has continued to engage with hard-to-reach young people between the ages of 8 and 18 in areas of high social deprivation. The charity has retained partners and further enhanced these relationships with more accredited courses, workshops, and delivery sessions in Plymouth. A higher virtual presence was needed for the programme, with e-sports leagues and online check-ins created to boost our contact levels with young people in need. 389 young people engaged in 548 delivered PL Kicks sessions which equated to 1,073 hours of positive activities. Numerous positive outcomes were achieved.
The financial year 2020/21 saw further development of the Unify Plymouth programme, which we managed alongside five other Plymouth-based organisations. The focus of the programme was to work with people in the city to embed migrants and develop cohesive communities in four city suburbs, registered as having the lowest levels of cohesion.
## **Case Study: It Started with Jack**
Between September 2020 and May 2021, we collaborated with our partners from the Jack Leslie Campaign
**6**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
to produce a programme that championed acceptance and shared an important story of our city:
- 721 participants took part in an 'It Started with Jack' session.
- Each participant will be invited to the unveiling of a statue of Jack Leslie in 2022.
## **Mayflower 400:**
The Trust was commissioned to deliver a dedicated sports programme in support of Mayflower 400, with a focus on promoting participation and improved health and wellbeing through a range of activities including the Get Involved project; school engagement; and grass-roots commissioning.
The Trust supported and organised 62 events and 75 Mayflower Ambassadors volunteered with the Trust to support the activities. 25 of these individuals continue to support the Trust. We also helped organisations with:
- Plymouth Youth Sailing Get Young People on the Water Appeal
- Supported the Adrenalin Devon Junior Minor League Keep Players Active Appeal
- Four Greens Spirit of Christmas Appeal
Mayflower 400 was well-positioned to support Plymouth in its recovery from the economic challenges of the pandemic as well as commemorate history with its partners. The programme was successfully redesigned to include online events, ensuring we could contribute to celebrations with 8,700 residents, 3,030 primary school children and numerous other participants taking an active part in the programme in 2020/21.
## **Facilities:**
We diversified our facilities operation because of the pandemic to ensure we could sustain some activities but also support our communities. From July 2020 to June 2021 the facility continued to operate in line with government guidelines which saw changes in activity and function room bookings and hospitality changes. Nonetheless we were proud to be able to help the NHS deliver its services from the Hub during this time.
Income was significantly affected by frequent restriction changes, which dictated what the Trust were able to offer. A revised financial reforecast identified sufficient income opportunities to cover overheads. This formed the operating model throughout the pandemic. Additional financial support was sought via local and national grants, rate relief, and utilisation of the furlough scheme. A successful business interruption insurance claim for £97,864 was received at the end of the financial year and helped support the reintroduction and continuation of activities. Income received from the NHS enabled deployment of staff, reduced numbers of staff on furlough, and provided much-needed income which subsidised the loss of facility hire income.
## **Schools:**
Trust provisions were met with restrictions both nationally and locally. We were fortunate to work with schools in numerous settings - from working as Teaching Assistants for key workers in schools to working in bubbles to allow delivery across multiple year groups and re-opening extra-curricular provisions. This period saw us engage with 144 schools.
The Trust worked with more than 18,000 children aged 2 to 16 in school settings. With infections and changes in restrictions taking place daily, monitoring participant numbers became difficult. School delivery continued apart from large-scale events, competitions, and targeted interventions. With the onset of reduced delivery due to lockdown, the Trust utilised the Government's Job Retention Scheme which allowed us to keep our workforce employed.
Teacher support took place through our Premier League Primary Stars programme which helped upskill teachers and teaching assistants to become more confident and knowledgeable in delivering PE and School Sport. Our Joy of Movement project worked with 30 schools over six weeks, engaging with 60 classes, 1,843 pupils and delivering 270 practical and theory lessons.
**7**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
We delivered a Rank funded programme aimed at supporting secondary school students in Plymouth outside of school hours. Virtual sessions were designed and delivered to help build resilience, reduce anxiety, improve mental health, and provide extra-curricular challenges, like live cookery sessions.
## **Participation:**
Participation was the hardest hit in terms of restrictions due to the nature of the sessions. The Trust is immensely proud of the work described in this report but is also pleased to highlight its upskilling work with individual schools to deliver Physical Education and working with young people to improve their numeracy and literacy through the power of sport.
The Trust achieved all KPIs set by the Premier League Primary Stars programme and the English Football League's Kinder Move and Learn provisions.
We continued to grow our women and girls' provisions, aligned to our strategic aims, allowing girls to participate in our talent pathway. We developed 3 new offerings across both counties. Restrictions caused a cessation of delivery, but this will be a continued focus for the next reporting period.
## **Education:**
At the end of June 2021, 144 students were enrolled on our Post 16, and Higher Education provisions. Positive outcomes for Plymouth students included moving on to the next year of the course, into degree programmes, US scholarship programmes or full-time employment.
Our Cornwall Post 16 programme saw 27 graduations, an introduction of a new Year 3 Personal Trainer pathway and students progressing onto degree programmes.
Higher Education programmes delivered in conjunction with the University of St Mark and St John continued to be successful with all third-year BA (Hons) Football Coaching and Development students graduating (one gaining full-time employment with us), 40 students enrolled on the BA (Hons) programme and two Trust employees graduating with Masters' degrees (Sport Development and Sport & Business Management).
We were proud to ensure our programmes continued and recruitment levels reached the highest in the Trust's history despite the challenging period. Our key partners, City College Plymouth, Falmouth School, and Marjon University have contributed hugely to the success of the programmes, ensuring we are fully committed to the people in our community.
## **Employment Training:**
As part of our strategy, a keynote of our work was to support local people. Local insight identified the need for training and education provisions for young people and adults. As part of our strategic aims, we planned and worked with partners to expand our offering including delivering short courses and work placement programmes. We were extremely pleased to have undertaken two virtual courses, one in adult education. This provided 18 adults aged between 18 and 52 with employability skills, confidence and team-building skills and ICT, literacy, and numeracy training. Once restrictions were eased all 18 students were provided with work placements in the local community and mock interviews to help build confidence, skills and find employment.
We secured funding through the Cornwall Development Company and Petroc College to deliver adult education courses targeting those aged 18 to 55, to be rolled out during financial year 21/22.
**8**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
## **Achievements and performance** _**(continued)**_
## **Kickstart:**
The Government announced support to create jobs for young people with the launch of the Kickstart programme, enabling employers to appoint young people on 6-month contracts to provide work experience with the possibility of employment at the end of their contract. We applied for 10 Kickstart placements through the EFL Trust, our gateway provider.
We are extremely proud of the journeys undertaken by the 10 Kickstart employees who have represented our charity during this period. One Kickstarter finished their placement and gained employment with a Premier League football club. Six became full-time members of staff with the Trust or Plymouth Argyle Football Club and one started an apprenticeship with the Trust in West Cornwall.
## **Apprenticeships:**
In 2020 we successfully registered on the ROTAP which enabled us to plan and deliver apprenticeship training, aligned with our strategic aim of empowering people. We delivered apprenticeships for Level 2 Community Activator Coaches and Level 3 Community Sports and Health Officer, working with 13 partners and 31 apprentices.
100% of learners progressed to End Point Assessment, achieving a pass result (70% distinction), compared to the national achievement benchmark rate of 64%. We linked up with Clarion Futures to provide a free mentoring service and pastoral support to apprentices, as well as a £6k grant to support the acquisition of equipment and uniform.
## **Disability:**
The pause in delivery was particularly disruptive due to most participants being classified as having an underlying health condition. We maintained contact with participants and delivered multiple quiz nights to keep people engaged with our provisions.
## Two new projects were introduced:
**All Move:** Working with participants aged 11-16 from SEND (Special Education Needs and Disability) schools across Devon in a sport and physical activity challenge, designed to increase opportunities for young people specifically with a learning disability and autism to get physically active and aiming to improve their physical and mental wellbeing.
**Children in Need (CiN):** The Trust was delighted to be awarded funding from the BBC charity, Children in Need to add additional disability provision for the Plymouth communities. The funding is being used to support a disability football project called Ability Counts which allows children and young people to take part in free weekly sessions and is already benefiting hundreds of children and families. Sessions are giving young people the opportunity to experience the benefits of taking part in regu lar football which improves physical and emotional wellbeing, develops confidence, and increases social interaction.
## **Health:**
From July 2020 - March 2021, the Trust delivered the Tackling Loneliness Together project, supporting people who were socially isolated during the pandemic. Support ranged from befriending phone calls, garden gate visits, online social groups, pen pal schemes, walking groups, and food parcels and medication deliveries. 2,991 befriending phone calls were made by the Trust to check on people's wellbeing including the club's owner, Simon Hallett. Zoom sessions, coffee mornings, Argyle Memories and seated exercise were just some of the activities provided.
Letters were sent out to older people to offer support on ways to keep physically and mentally active. A pen-pal scheme between care homes residents and primary school children was also developed. We supported several local initiatives, including Plymouth City Council's Caring for Plymouth scheme and Four Greens Community
**9**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
## **Achievements and performance** _**(continued)**_
Trust's Food Bank, which saw us deliver almost 800 food parcels and over 200 medication prescriptions to some of the most vulnerable. At the conclusion of the project, and when restrictions started to ease, a range of weekly sessions were organised as part of the Extra Time project which aimed to increase activity levels amongst older people and re-engage them back into the community. These sessions included the Extra Time Hub, walking football, Dementia Café, bowls, walking groups and Compassionate Café.
An example of the success of the programme is underlined by a participant named Dave:
Dave unfortunately lost his wife before the pandemic and became socially isolated because of the lockdown. Dave was receiving support from St. Luke's Hospice and after hearing that Dave was a big Argyle fan who regularly followed the club home and away, he was referred to us to receive extra support. After making regular phone calls and visits during lockdown, Dave started to regularly attend a range of sessions once restrictions were eased which has helped him to make new friends and become more physically active. Dave said, "When it was lockdown it was shocking, I couldn't get my head around it at all. I found it extremely hard as I lost my wife a few years ago so the lockdown was quite rough on me. (During that period) a staff member used to come and see me every week to have a chat and now I attend 3 sessions a week. It made me want to live and carry on because I was struggling and making me depressed as I couldn't do what I wanted to do. The staff at are Argyle Community Trust have been terrific and I am so thankful for the help they have given me."
We were also able to deliver our two weight-management programmes, Fit Fans and Argyle FIT.
The Fit Fans programme recommenced in September 2020. Due to the lockdown, the 12-week programme had to be moved online. Our weight loss football league, Argyle FIT recommenced in March 2021 with 68 people signed up. A video on the Argyle Fit and Fit Fans programmes can be viewed here: _Argyle Fit | Weight Loss Programme - YouTube Fit Fans | EFL Trust - YouTube_
**Large Scale Events Campaigns and Awareness events/days and Virtual Question Time:** Some of our awareness campaigns were restricted or reduced in size due to government restrictions especially around stadia, with games being played behind closed doors. We used high profile players of the club to promote campaigns via our social media channels and raised awareness in schools through virtual meetings and open forums.
Some large-scale events and communication campaigns were:
- Show Racism the Red Card online Q&A
- Kick it Out awareness week
- LGBTQ+ socials takeover
- Jack Leslie Campaign in schools working with over 2,000 young people.
- Disability Awareness
- Mental Health
- RESPECT
- Anti-Bullying
## **Meeting our strategic aims:**
The previous year caused us to reflect and review and become more proactive about our strategic aims. Whilst there have been multiple restrictions, we have managed to ensure we have worked towards these aims. This has been highlighted throughout the context of our projects and programmes above. To further evidence this, below are some examples of how we have achieved them:
**Promote Physical Participation:** We provided continuous physical activities through virtual sessions, in groups when restrictions allowed and increased some of our offerings to those that were inactive, helping to develop behaviour change ensuring people remained physically active.
**10**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
## **Achievements and performance** _**(continued)**_
**Empower People:** By diversifying our educational and employment offerings to virtual learning enabled people to complete qualifications and provided more offerings, especially with unemployment levels at their highest. We took positive steps and appointed one of the highest numbers of Kickstart placements which has seen young people gain work experience and employment with the charity or club.
**Inspire Supporters:** By using our parent club's staff such as players and management, providing virtual Q&A sessions, contacting participants on our programmes, we ensured those in our community felt connected to our club and Trust. This inspired people to become supporters of the Trust and continue to access our services.
**Improve our systems and structures:** Through SWOT analysis and reviews we significantly improved our systems by making changes to our back-end functions, improving our efficiencies such as moving our accounting system over to Xero, introducing BrightPay for our staff and developing a shared service with our parent club for areas like ICT, data, finance and grounds maintenance.
**Understand and Measure our Impact:** As part of our strategy to improve our measuring tools, we appointed a dedicated Impact Officer and invested in our systems to ensure reporting is monitored and evaluated.
Through our provisions and project output, we have started to meet some of our strategic aims, providing people with further qualifications by developing new courses both online and in-person which empowers people to develop their skills and provides career direction.
Other elements which demonstrate our drive to meet our strategic goals include improving efficiency and increasing support to our staff to enable us to deliver more to end-users. This has included the use of virtual platforms, reducing travel to meetings and ensuring time is better used. Staff meetings are delivered virtually ensuring maximum availability and reducing our carbon footprint. Working remotely and providing sufficient time for tasks has helped ensure roles are maintained and duties completed.
## **Staffing:**
The charity has remained stable throughout the pandemic with use of the flexible furlough scheme and business grants. We have managed to react to the issues our communities have faced by diversifying our funding strands to help those most in need. This, alongside varying some of our projects to meet the needs of our strategic aims, has seen a reduction in use of sessional staff but a growth in overall permanent staff numbers.
**11**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
## **Financial review**
Net incoming funds from unrestricted sources for the year were £608,830 (2020: net outgoing funds of £4,664) which after a transfer of £14,318 to restricted funds resulted in accumulated unrestricted funds of £1,569,567 (2020: £975,055) to be carried forward. When restricted funds are included, total funds at the year-end (excluding those of linked charity The Plymouth Argyle Training & Development Trust for Young People) were £1,778,281 (2020: £1,088,820).
Free reserves at the year end after allowing for unrestricted funds represented by fixed assets have been calculated at £1,360,097 and the trustees are satisfied that the current level of reserves held is in accordance with the reserves policy based on annual staff costs of £1,568,022 per note 15 to the accounts, support costs of £300,836 and a desire to fund some capital works in financial year 2021/22. Consolidation of funds was a key budget consideration as a result of the global pandemic.
## **Reserves Policy**
It is the policy of the Trust to hold unrestricted funds to a level to provide sufficient funds to cover:
- expectations of future committed expenditure;
- the risk of unforeseen emergency or unexpected need for funds; and
- any future capital works to the requirements of the Trust where grant funding may not be available.
The target minimum level of reserves has been set as 6 months worth of staffing costs and future committed expenditure, based upon latest forecasts and budgets (or the most recent 6 months of financial reports, where not available).
The Trustees monitor reserves at each Trust Board meeting and have created a capital reserve fund for future use and facilities as detailed above.
The Trustees acknowledge that how the level of reserves changes during the year can be a good indicator of the underlying financial health of the Trust and can be an indicator of potential problems.
The level of reserves will be monitored throughout the year as part of the normal monitoring and budgetary reporting processes. In addition, financial reporting and analysis provides a financial control environment which assists the management of such reserves.
## In particular, Trustees will:
identify when reserves are drawn on so that they understand the reasons and can consider the corrective action, if any, that needs to be taken;
identify when reserve levels rise significantly above target so that they understand the reasons and can consider the corrective action, if any, that needs to be taken;
- identify where the reserves level is below target, consider whether this is due to short-term circumstance
- or longer term reasons which might trigger a broader review of finances and reserves;
- regard the ongoing review of the reserves level, target and policy as part of managing the charity;
- ensure that the reserves policy continues to be relevant as the charity develops or changes its strategy
- and activities;
review the statement on reserves in the trustees' annual report where there have been significant changes in the reserves policy or level of reserves held.
**12**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
## **Plans for future periods**
## **Moving Forward:**
Using the knowledge from season 2019/20, the Trust was equipped to ensure it could operate throughout restrictions and react to community needs by use of contingency plans, assessing risks and diversifying our delivery strands.
With the review and re-launch of our strategy based on the effects of the COVID-19 pandemic, we are more resilient and focussed on our work strands, ensuring we are target specific to meeting the needs of our community. We have been very detailed in terms of how we achieve our goals, measure them and which organisations contribute to achieving the goals.
We will continue to diversify our funding streams to ensure we are not as reliant on funded programmes, with a greater focus on raising unrestricted funds through donations and sponsorship for the charity. This will ensure we can react to issues and challenges faced within our communities. It will enable the charity to develop new delivery strands along with providing seed funding for new initiatives, such as targeted health provisions within the two counties.
For all, financial year 2020/21 has been a challenging year regardless of contingency planning, mitigating risks and delivery. However, the diversification of delivery and funding has enabled us to support our communities in many ways.
Our Community Strategy builds on our desire to make a change to people's lives using the power of Plymouth Argyle Football Club. The populations we serve face barriers in relation to health, well-being, education, employment, levels of physical activity, high deprivation in some areas and low attainment levels more so than ever before and it is for us to work within our networks and develop new partners to help those most at need. Strategic areas such as traineeships, adult education and apprenticeships will be key to ensuring we meet these targets. However, moving forward, it is essential we improve our systems and structures, improve our quality assurance and continue professional development to ensure that the offerings provided our excellent and that they invigorate and challenge participants to make positive changes.
A concern from the previous year financial year was the concern of staff losses due to reduced delivery. Whilst we managed to retain a good number of staff, there have been some reductions due to the labour market opportunities and therefore, moving forward, our aim is to ensure we provide support mechanisms, incentives, improved CPD and developmental progression to retain our staff and ensure they feel embedded within charity.
We will continue to risk assess, monitor programmes and funding streams as we expect there will be more intensive and higher demand for funding applications. Our business and impact remit will work on insight and consultation to help shape our decisions in terms of future funding strands and activities.
## **Trustees' responsibilities statement**
The trustees, who are also directors 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).
**13**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors' Report)** _**(continued)**_
## **Year ended 30 June 2021**
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Auditor**
Each of the persons who is a trustee at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
- they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The Trustees' annual report (incorporating the directors' report) was approved on 25 March 2022 and signed on behalf of the board of Trustees by:
Mr P Berne Trustee
**14**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Independent Auditor's Report to the Members of Plymouth Argyle Football in the Community Trust**
## **Year ended 30 June 2021**
## **Opinion**
We have audited the financial statements of Plymouth Argyle Football in the Community Trust (the 'charity') for the year ended 30 June 2021 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, 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 FRS 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:
- give a true and fair view of the state of the charity's affairs as at 30 June 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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 auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
**15**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Independent Auditor's Report to the Members of Plymouth Argyle Football in the Community Trust** _**(continued)**_
## **Year ended 30 June 2021**
## **Other information**
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the trustees' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charity 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 the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.
**16**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Independent Auditor's Report to the Members of Plymouth Argyle Football in the Community Trust** _**(continued)**_
## **Year ended 30 June 2021**
## **Responsibilities of trustees**
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so.
**17**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Independent Auditor's Report to the Members of Plymouth Argyle Football in the Community Trust** _**(continued)**_
## **Year ended 30 June 2021**
## **Auditor's 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 auditor’s 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:
## **Key audit matters: our assessment of risks of material misstatement**
Key audit matters are those matters that in our professional judgement were of most significance in the audit of the financial statements and include the most significant assessed risks of material misstatement (whether or not due to fraud) identified by us, including those which had the greatest effect on the allocation of resources in the audit, and directing the efforts of the engagement team. There are no key areas identified as the audit is very low risk with normal audit procedures adequate in all audit areas. We agreed to report to the board of trustees any corrected or uncorrected identified misstatements.
Whilst we were unable to perform site visit due to the restrictions imposed by the coronavirus pandemic, we were able to obtain key audit evidence via email and telephone meetings.
## **Identifying and reporting of risks of material misstatement due to fraud**
To identify risks of material misstatement due to fraud we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment procedures included:
Enquiring of the Chief Executive Officer and the trustees and inspection of key papers provided to those charged with governance as to high level policies and procedures to prevent and detect fraud.
- Reviewing the minutes of Trustees' meetings.
We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit.
As required by auditing standards, and taking into account possible pressures to meet targets and our overall knowledge of the control environment, we performed procedures to assess the risks of management override of controls. To address the pervasive risk as it related to management override of controls, we reviewed material journal entries and agreed these to supporting documentation where appropriate.
## **Identifying and responding to risks of material misstatement due to non-compliance with laws and regulations**
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the general manager and trustees. As the charity is regulated, our assessment of risks involved gaining an
**18**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Independent Auditor's Report to the Members of Plymouth Argyle Football in the Community Trust** _**(continued)**_
## **Year ended 30 June 2021**
understanding of the control environment including the entity's procedures for complying with regulatory requirements.
We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably:
- firstly, the charity is subject to laws and regulations that directly affect the financial statements including financial reporting regulation (including related companies regulation), taxation legislation (payroll taxes) and pension legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures in the audit areas relevant to these items.
- secondly, the charity is subject to many other laws and regulations where the consequence of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect:
Health and safety laws. Food and hygiene regulations.
Laws relating to working with, and the safeguarding of, young people and vulnerable adults.
Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of management and trustees and inspection of regulatory and legal correspondence, if any. Therefore, if any breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.
## **Limitations to the ability of the audit to detect fraud or breaches of laws and regulation**
Owing to the inherent limitation of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.
In addition, as with any audit, there remained a higher risk of non-detection of fraud, as this may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement, and therefore we are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the FRC's website at _www.frc.org.uk/auditorsresponsibilities_ . This description forms part of our auditor's report.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
**19**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Independent Auditor's Report to the Members of Plymouth Argyle Football in the Community Trust** _**(continued)**_
## **Year ended 30 June 2021**
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **Use of our report**
This report is made solely to the charity'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 charity's members those matters we are required to state to them in an auditor's 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 charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Paul Cridland (Senior Statutory Auditor)
For and on behalf of Elliott Bunker Limited Chartered accountants & statutory auditor 61 Macrae Road Ham Green Bristol BS20 0DD
25 March 2022
**20**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 30 June 2021**
||||**2021**||2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|115,858|567,574|683,432|361,421|
|Charitable activities|**6**|1,432,552|–|1,432,552|1,872,842|
|Other trading activities|**7**|273,062|–|273,062|105,975|
|Investment income|**8**|5|–|5|99|
|Other income|**9**|437,126|–|437,126|218,990|
|||-----------------------------------------|--------------------------------|-----------------------------------------|-----------------------------------------|
|**Total income**||2,258,603|567,574|2,826,177|2,559,327|
|||=========================================|================================|=========================================|=========================================|
|**Expenditure**||||||
|Expenditure on charitable activities|**10,11**|1,649,773|486,943|2,136,716|2,545,167|
|||-----------------------------------------|--------------------------------|-----------------------------------------|-----------------------------------------|
|**Total expenditure**||1,649,773|486,943|2,136,716|2,545,167|
|||=========================================|================================|=========================================|=========================================|
|||-----------------------------------------|--------------------------------|-----------------------------------------|-----------------------------------------|
|**Net income**||608,830|80,631|689,461|14,160|
|||=========================================|================================|=========================================|=========================================|
|Transfers between funds||(14,318)|14,318|–|–|
|||-----------------------------------------|--------------------------------|-----------------------------------------|-----------------------------------------|
|**Net movement in funds**||594,512|94,949|689,461|14,160|
|**Reconciliation of funds**||||||
|Total funds brought forward||975,055|320,335|1,295,390|1,281,230|
|||-----------------------------------------|--------------------------------|-----------------------------------------|-----------------------------------------|
|**Total funds carried forward**||1,569,567|415,284|1,984,851|1,295,390|
|||=========================================|================================|=========================================|=========================================|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 24 to 41 form part of these financial statements.**
**21**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Statement of Financial Position**
## **30 June 2021**
|||**2021**|2020|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**17**|218,186|230,237|
|**Current assets**||||
|Debtors|**18**|227,946|207,143|
|Cash at bank and in hand||1,702,655|1,095,128|
|||-----------------------------------------|-----------------------------------------|
|||1,930,601|1,302,271|
|**Creditors: amounts falling due within one year**|**19**|163,936|237,118|
|||-----------------------------------------|-----------------------------------------|
|**Net current assets**||1,766,665|1,065,153|
|||-----------------------------------------|-----------------------------------------|
|**Total assets less current liabilities**||1,984,851|1,295,390|
|||-----------------------------------------|-----------------------------------------|
|**Net assets**||1,984,851|1,295,390|
|||=========================================|=========================================|
|**Funds of the charity**||||
|Restricted funds||415,284|320,335|
|Unrestricted funds||1,569,567|975,055|
|||-----------------------------------------|-----------------------------------------|
|**Total charity funds**|**22**|1,984,851|1,295,390|
|||=========================================|=========================================|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 25 March 2022, and are signed on behalf of the board by:
Mr P Berne Trustee
**The notes on pages 24 to 41 form part of these financial statements.**
**22**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Statement of Cash Flows**
## **Year ended 30 June 2021**
||**2021**|2020|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income|689,461|14,160|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|54,353|57,552|
|Other interest receivable and similar income|(5)|(99)|
|Interest payable and similar charges|3,596|3,755|
|Gains on disposal of tangible fixed assets|(6,036)|(10,774)|
|Accrued (income)/expenses|(5,104)|14,599|
|_Changes in:_|||
|Trade and other debtors|(29,699)|433,996|
|Trade and other creditors|(59,182)|(248,239)|
||--------------------------------|--------------------------------|
|Cash generated from operations|647,384|264,950|
|Interest paid|(3,596)|(3,755)|
|Interest received|5|99|
||--------------------------------|--------------------------------|
|Net cash from operating activities|643,793|261,294|
||================================|================================|
|**Cash flows from investing activities**|||
|Purchase of tangible assets|(42,302)|(24,357)|
|Proceeds from sale of tangible assets|6,036|18,428|
||--------------------------------|--------------------------------|
|Net cash used in investing activities|(36,266)|(5,929)|
||================================|================================|
|**Cash flows from financing activities**|||
|Payments of finance lease liabilities|–|(18,855)|
||--------------------------------|--------------------------------|
|Net cash used in financing activities|–|(18,855)|
||================================|================================|
|**Net increase in cash and cash equivalents**|607,527|236,510|
|**Cash and cash equivalents at beginning of year**|1,095,128|858,618|
||-----------------------------------------|-----------------------------------------|
|**Cash and cash equivalents at end of year**|1,702,655|1,095,128|
||=========================================|=========================================|
**The notes on pages 24 to 41 form part of these financial statements.**
**23**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **Year ended 30 June 2021**
## **1. General information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Home Park, Plymouth, Devon, PL2 3DQ.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
The Trustees have prepared projections to June 2022 which indicate that the Trust continues to operate in surplus, and it also has adequate reserves to cover any fluctuations in income in the foreseeable future. Therefore in the opinion of the Trustees there are no material uncertainties about the Trust's ability to operate for a period of at least 12 months from the date at which these financial statements have been approved.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**24**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Operating leases**
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
**25**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **3. Accounting policies** _**(continued)**_
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|Long leasehold property|-|Over the term of the lease|
|---|---|---|
|Fixtures and fittings|-|30% reducing balance|
|Motor vehicles|-|25% straight line|
|Project equipment|-|33% straight line|
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
**26**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments** _**(continued)**_
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **Defined contribution plans**
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
## **4. Limited by guarantee**
The Trust is limited by guarantee and does not have share capital. The liability of the members is limited to £10 each. In the event of the winding up of the Trust any surplus assets that exist must be either directly applied to to the objects of the Trust or transferred to another charity which has similar objects to those of the Trust.
**27**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **5. Donations and legacies**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|**Donations**||||
|The Plymouth Argyle Training & Development Trust for||||
|Young People|–|–|–|
|Other donations|21,503|–|21,503|
|**Grants**||||
|EFL Trust: Core funding|35,000|–|35,000|
|EFL Trust: FIT Fans|–|13,921|13,921|
|EFL Trust: Kinder +Sport Move and Learn|16,350|–|16,350|
|EFL Trust: Extra Time|–|18,359|18,359|
|EFL Trust: Kickstart|29,505|49,299|78,804|
|Premier League Charitable Fund: PL Kicks|–|145,000|145,000|
|Premier League Charitable Fund: PL Primary Stars|–|100,000|100,000|
|Premier League Charitable Fund: Core|–|32,500|32,500|
|Active Through Football|–|10,000|10,000|
|Thriving Communities Fund (Social Prescribing)|–|22,100|22,100|
|Armed Forces Covenant Fund|–|43,250|43,250|
|Children In Need|–|9,850|9,850|
|Wembley National Stadium Trust - disability|–|7,307|7,307|
|Big Potential Social Investment (Big Lottery Fund)|–|–|–|
|Migrant fund|–|50,330|50,330|
|Rank Foundation Covid-19 Support|–|24,820|24,820|
|National Lottery Covid response|–|9,350|9,350|
|CAF - Resilience Funding|–|22,858|22,858|
|Other grants|13,500|8,630|22,130|
||--------------------------------|--------------------------------|--------------------------------|
||115,858|567,574|683,432|
||================================|================================|================================|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||£|£|£|
|**Donations**||||
|The Plymouth Argyle Training & Development Trust for||||
|Young People|–|7,570|7,570|
|Other donations|3,021|–|3,021|
**28**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **5. Donations and legacies** _**(continued)**_
||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2020|
||£|£|£|
|**Grants**||||
|EFL Trust: Core funding|35,000|–|35,000|
|EFL Trust: FIT Fans|–|7,595|7,595|
|EFL Trust: Kinder +Sport Move and Learn|25,400|–|25,400|
|EFL Trust: Extra Time|–|15,500|15,500|
|EFL Trust: Kickstart|–|–|–|
|Premier League Charitable Fund: PL Kicks|–|125,000|125,000|
|Premier League Charitable Fund: PL Primary Stars|–|100,000|100,000|
|Premier League Charitable Fund: Core|–|32,500|32,500|
|Active Through Football|–|–|–|
|Thriving Communities Fund (Social Prescribing)|–|–|–|
|Armed Forces Covenant Fund|–|–|–|
|Children In Need|–|–|–|
|Wembley National Stadium Trust - disability|–|6,835|6,835|
|Big Potential Social Investment (Big Lottery Fund)|–|(3,000)|(3,000)|
|Migrant fund|–|–|–|
|Rank Foundation Covid-19 Support|–|–|–|
|National Lottery Covid response|–|–|–|
|CAF - Resilience Funding|–|–|–|
|Other grants|–|6,000|6,000|
||----------------------------|--------------------------------|--------------------------------|
||63,421|298,000|361,421|
||============================|================================|================================|
|**Charitable activities**||||
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2021**|
||£|£|**£**|
|National Citizen Service|307,224|–|307,224|
|Football related courses and activities|515,659|–|515,659|
|Tournaments|–|–|–|
|Marjon foundation degree|37,125|–|37,125|
|Education services|340,235|–|340,235|
|Prison programme|–|–|–|
|Apprenticeship programme|99,739|–|99,739|
|Fit & Fed|16,390|–|16,390|
|Mayflower 400|56,367|–|56,367|
|EFL Trust: Changing Room|5,000|–|5,000|
|Match Day Magic|–|–|–|
|Traineeships|9,510|–|9,510|
|Disability programmes|4,574|–|4,574|
|Miscellaneous income|40,729|–|40,729|
||-----------------------------------------|--------------|-----------------------------------------|
||1,432,552|–|1,432,552|
||=========================================|==============|=========================================|
## **6. Charitable activities**
**29**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **6. Charitable activities** _**(continued)**_
|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2020|
|||£|£|£|
|National Citizen Service||753,685|–|753,685|
|Football related courses and activities||669,754|–|669,754|
|Tournaments||4,155|–|4,155|
|Marjon foundation degree||44,000|–|44,000|
|Education services||269,879|–|269,879|
|Prison programme||6,573|–|6,573|
|Apprenticeship programme||13,303|–|13,303|
|Fit & Fed||–|–|–|
|Mayflower 400||32,300|–|32,300|
|EFL Trust: Changing Room||12,500|–|12,500|
|Match Day Magic||21,903|–|21,903|
|Traineeships||15,821|–|15,821|
|Disability programmes||13,244|–|13,244|
|Miscellaneous income||11,558|4,167|15,725|
|||-----------------------------------------|-----------------------|-----------------------------------------|
|||1,868,675|4,167|1,872,842|
|||=========================================|=======================|=========================================|
|**Other trading activities**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Manadon - hire of sports facilities and cafe|||||
|income|117,723|117,723|105,975|105,975|
|Hire of function rooms|57,475|57,475|–|–|
|Business interruption insurance claim|97,864|97,864|–|–|
||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
||273,062|273,062|105,975|105,975|
||================================|================================|================================|================================|
|**Investment income**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Bank interest receivable|5|5|99|99|
||==============|==============|==============|==============|
## **7. Other trading activities**
## **8. Investment income**
**30**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **9. Other income**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Gain on disposal of tangible fixed assets|||||
|held for charity's own use|6,036|6,036|10,774|10,774|
|Government and Local Authority grant|||||
|income - Covid-19|431,090|431,090|208,216|208,216|
||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
||437,126|437,126|218,990|218,990|
||================================|================================|================================|================================|
## **10. Expenditure on charitable activities by fund type**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|Charitable activities|1,237,046|465,013|1,702,059|
|Support costs|412,727|21,930|434,657|
||-----------------------------------------|--------------------------------|-----------------------------------------|
||1,649,773|486,943|2,136,716|
||=========================================|================================|=========================================|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||£|£|£|
|Charitable activities|1,830,312|247,682|2,077,992|
|Support costs|431,512|35,661|467,175|
||-----------------------------------------|--------------------------------|-----------------------------------------|
||2,261,824|283,343|2,545,167|
||=========================================|================================|=========================================|
**31**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **11. Expenditure on charitable activities by fund type**
||Unrestricted|Restricted|Total funds|
|---|---|---|---|
||funds|funds|2021|
||**£**|**£**|**£**|
|Wages and coaching fees|953,310|349,034|1,302,344|
|Social security costs|50,041|48,167|98,208|
|Hire of halls and pitches|54,957|14,724|69,681|
|Footballs, sports wear, gifts and prizes|75,189|27,074|102,263|
|Football tours, games and trips|13,186|1,370|14,556|
|Training and qualifications|10,588|4,765|15,353|
|Motor and travel expenses|50,194|3,512|53,706|
|Lunches and refreshments|19,531|16,367|35,898|
|Tickets|50|–|50|
|Sponsorship|10,000|–|10,000|
||-----------------------------------------|--------------------------------|-----------------------------------------|
||1,237,046|465,013|1,702,059|
||=========================================|================================|=========================================|
||Unrestricted|Restricted|Total funds|
||funds|funds|2020|
||**£**|**£**|**£**|
|Wages and coaching fees|1,063,519|196,044|1,259,563|
|Social security costs|74,126|6,521|80,647|
|Hire of halls and pitches|462,185|15,420|477,605|
|Footballs, sports wear, gifts and prizes|65,764|7,461|73,225|
|Football tours, games and trips|19,961|297|20,258|
|Training and qualifications|12,361|4,154|16,515|
|Motor and travel expenses|86,905|11,020|97,925|
|Lunches and refreshments|38,352|245|38,597|
|Tickets|3,837|520|4,357|
|Sponsorship|3,300|–|3,300|
|Grant paid|–|6,000|6,000|
||-----------------------------------------|--------------------------------|-----------------------------------------|
||1,830,310|247,682|2,077,992|
||=========================================|================================|=========================================|
**32**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **12. Analysis of support costs**
|||Unrestricted|Restricted|||
|---|---|---|---|---|---|
|||funds|funds|2021|2020|
|||**£**|**£**|**£**|**£**|
||Administration wages|133,821|–|133,821|139,154|
||Pension contributions|33,649|–|33,649|31,456|
||Telephone|7,819|–|7,819|5,534|
||Postage and stationery|1,341|–|1,341|451|
||Advertising and marketing|6,698|1,540|8,238|22,315|
||Printing|2,516|–|2,516|106|
||Computer expenses and support|11,388|2,004|13,392|20,310|
||Repairs, renewals and refurbishments|53,635|–|53,635|60,408|
||Registration and affiliation fees|17,883|–|17,883|26,654|
||Sundries|9,805|8,160|17,965|28,897|
||Depreciation|49,327|5,026|54,353|57,552|
||Hire purchase interest|–|–|–|566|
||Rent and rates|1,053|–|1,053|3,042|
||Legal and professional fees|61,152|5,200|66,352|40,897|
||Bank and credit card charges|2,559|–|2,559|6,504|
||DBS and safeguarding|3,596|–|3,596|3,755|
||Light and heat|9,436|–|9,436|13,403|
|||--------------------------------|----------------------------|--------------------------------|--------------------------------|
|||405,678|21,930|427,608|461,004|
||Governance costs|||||
||Trustees' insurance|438|–|438|1,070|
||Auditor's remuneration|6,611|–|6,611|5,101|
|||--------------------------------|----------------------------|--------------------------------|--------------------------------|
||Total expenditure|412,727|21,930|434,657|467,175|
|||================================|============================|================================|================================|
|**13.**|**Net income**|||||
||Net income is stated after charging/(crediting):|||||
|||||**2021**|2020|
|||||**£**|£|
||Depreciation of tangible fixed assets|||54,353|57,552|
||Gains on disposal of tangible fixed assets|||(6,036)|(10,774)|
|||||============================|============================|
|**14.**|**Auditors remuneration**|||||
|||||**2021**|2020|
|||||**£**|£|
||Fees payable for the audit of the financial|statements||2,500|2,500|
|||||=======================|=======================|
**33**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **15. Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2021**|2020|
|---|---|---|
||**£**|£|
|Wages and salaries|1,436,165|1,398,717|
|Social security costs|98,208|80,647|
|Employer contributions to pension plans|33,649|31,456|
||-----------------------------------------|-----------------------------------------|
||1,568,022|1,510,820|
||=========================================|=========================================|
The average head count of employees during the year was 89 (2020: 117).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
## **Key Management Personnel**
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity and are considered to comprise the Chief Executive, the Compliance and Safeguarding Officer and the two Deputy Community Managers. The total compensation paid in respect of these personnel for services provided to the charity was £210,490 (2020: £204,244).
## **16. Trustee remuneration and expenses**
The trustees received gifts with a total value of £248 during the year.
## **17. Tangible fixed assets**
||Long|||||
|---|---|---|---|---|---|
||leasehold|Fixtures and|Motor|||
||property|fittings|vehicles|Equipment|**Total**|
||£|£|£|£|**£**|
|**Cost**||||||
|At 1 July 2020|138,108|129,087|71,409|102,679|441,283|
|Additions|–|18,609|–|23,693|42,302|
|Disposals|–|–|(15,839)|–|(15,839)|
||--------------------------------|--------------------------------|----------------------------|--------------------------------|--------------------------------|
|**At 30 June 2021**|138,108|147,696|55,570|126,372|467,746|
||================================|================================|============================|================================|================================|
|**Depreciation**||||||
|At 1 July 2020|5,524|56,351|60,274|88,897|211,046|
|Charge for the year|5,525|27,404|6,434|14,990|54,353|
|Disposals|–|–|(15,839)|–|(15,839)|
||--------------------------------|--------------------------------|----------------------------|--------------------------------|--------------------------------|
|**At 30 June 2021**|11,049|83,755|50,869|103,887|249,560|
||================================|================================|============================|================================|================================|
|**Carrying amount**||||||
|**At 30 June 2021**|127,059|63,941|4,701|22,485|218,186|
||================================|================================|============================|================================|================================|
|At 30 June 2020|132,584|72,736|11,135|13,782|230,237|
||================================|================================|============================|================================|================================|
**34**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **18. Debtors**
||**2021**|2020|
|---|---|---|
||**£**|£|
|Trade debtors|168,187|37,228|
|Prepayments and accrued income|56,904|126,734|
|Other debtors|2,855|43,181|
||--------------------------------|--------------------------------|
||227,946|207,143|
||================================|================================|
|**Creditors:** **amounts falling due within one year**|||
||**2021**|2020|
||**£**|£|
|Trade creditors|42,131|1,179|
|Accruals and deferred income|120,095|221,076|
|Social security and other taxes|–|12,168|
|Other creditors|1,710|2,695|
||--------------------------------|--------------------------------|
||163,936|237,118|
||================================|================================|
|**Deferred income**|||
||**2021**|2020|
||**£**|£|
|At 1 July 2020|202,475|421,359|
|Amount released to income|(202,475)|(421,359)|
|Amount deferred in year|115,495|202,476|
||--------------------------------|--------------------------------|
|**At 30 June 2021**|115,495|202,476|
||================================|================================|
## **19. Creditors: amounts falling due within one year**
## **20. Deferred income**
Deferred income relates principally to amounts received in respect of National Citizen Service and Fit & Fed programmes deliverable after the end of the financial year.
## **21. Pensions and other post retirement benefits**
## **Defined contribution plans**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £33,649 (2020: £31,456).
**35**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **22. Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||||||**At**|
||At 1 July 2020|Income|Expenditure|Transfers|**30 June 2021**|
||£|£|£|£|£|
|General funds|975,055|2,258,603|(1,649,773)|(14,318)|
1,569,567|
||================================|=========================================|=========================================|============================|=========================================|
||||||At|
||At 1 July 2019|Income|Expenditure|Transfers|30 June 2020|
||£|£|£|£|£|
|General funds|980,894|2,257,160|(2,261,824)|(1,175)|
975,055|
||================================|=========================================|=========================================|=======================|================================|
|**Restricted funds**||||||
||||||**At**|
||At 1 July 2020|Income|Expenditure|Transfers|**30 June 2021**|
||£|£|£|£|£|
|Premier League 4 Sport|4,888|–|–|–|4,888|
|Premier League Kicks|58,785|125,000|(120,501)|–|63,284|
|Premier League||||||
|Continuous Improvement|4,558|–|(1,240)|–|3,318|
|Premier League Primary||||||
|Stars|13,048|100,000|(123,344)|10,296|–|
|EFL Trust infrastructure||||||
|grant|3,773|–|(834)|–|2,939|
|Wembley National||||||
|Stadium Trust|–|7,307|(7,307)|–|–|
|Table tennis|4,071|–|–|–|4,071|
|Big Potential|–|–|–|–|–|
|Big Lottery - Family Health|4,361|–|–|–|4,361|
|FIT Fans|3,591|13,921|(11,447)|–|6,065|
|EFL Trust Extra Time|3,973|18,359|(10,500)|–|11,832|
|EFL Trust Innovation Fund|
4,167|–|–|–|4,167|
|Premier League Core||||||
|Fund|4,200|32,500|(31,295)|–|5,405|
|Development Squad|4,350|–|(4,618)|268|–|
|Premier League Kicks -||||||
|Targeted|–|20,000|(23,102)|3,102|–|
|Green Social Prescribing||||||
|Fund|–|22,100|(7,166)|–|14,934|
|Rank Foundation Covid-19||||||
|Response|–|24,820|(20,820)|–|4,000|
|Charities Aid Foundation -||||||
|Resilience Funding|–|22,858|(23,510)|652|–|
|Armed Forces Covenant||||||
|Fund|–|43,250|(14,332)|–|28,918|
|Children in Need|–|9,850|–|–|9,850|
|Back to Bowls|–|3,950|(1,974)|–|1,976|
|Street Games|–|4,680|–|–|4,680|
**36**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **22. Analysis of charitable funds** _**(continued)**_
|National Lottery Covid-19||||||
|---|---|---|---|---|---|
|Response|–|9,350|(9,230)|–|120|
|The Plymouth Argyle||||||
|Training & Development||||||
|Trust for Young People|206,570|–|–|–|206,570|
|Loneliness Fund|–|49,299|(47,621)|–|1,678|
|Active Through Football|–|10,000|(5,625)|–|4,375|
|Migrant Fund|–|50,330|(22,477)|–|27,853|
||--------------------------------|--------------------------------|--------------------------------|----------------------------|--------------------------------|
||320,335|567,574|(486,943)|14,318|415,284|
||================================|================================|================================|============================|================================|
||||||At|
||At 1 July 2019|Income|Expenditure|Transfers|30 June 2020|
||£|£|£|£|£|
|Premier League 4 Sport|4,888|–|–|–|4,888|
|Premier League Kicks|42,422|125,000|(108,637)|–|58,785|
|Premier League||||||
|Continuous Improvement|6,625|–|(2,067)|–|4,558|
|Premier League Primary||||||
|Stars|22,480|100,000|(109,432)|–|13,048|
|EFL Trust infrastructure||||||
|grant|5,883|–|(2,110)|–|3,773|
|Wembley National||||||
|Stadium Trust|496|6,835|(7,666)|335|–|
**37**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **22. Analysis of charitable funds** _**(continued)**_
|Table tennis|4,071|–|–|–|4,071|
|---|---|---|---|---|---|
|Big Potential|2,160|(3,000)|–|840|–|
|Big Lottery - Family Health|6,311|–|(1,950)|–|4,361|
|FIT Fans|–|7,595|(4,004)|–|3,591|
|EFL Trust Extra Time|–|15,500|(11,527)|–|3,973|
|EFL Trust Innovation Fund|–|4,167|–|–|4,167|
|Premier League Core||||||
|Fund|–|32,500|(28,300)|–|4,200|
|Development Squad|–|6,000|(1,650)|–|4,350|
|Premier League Kicks -||||||
|Targeted|–|–|–|–|–|
|Green Social Prescribing||||||
|Fund|–|–|–|–|–|
|Rank Foundation Covid-19||||||
|Response|–|–|–|–|–|
|Charities Aid Foundation -||||||
|Resilience Funding|–|–|–|–|–|
|Armed Forces Covenant||||||
|Fund|–|–|–|–|–|
|Children in Need|–|–|–|–|–|
|Back to Bowls|–|–|–|–|–|
|Street Games|–|–|–|–|–|
|National Lottery Covid-19||||||
|Response|–|–|–|–|–|
|The Plymouth Argyle||||||
|Training & Development||||||
|Trust for Young People|205,000|7,570|(6,000)|–|206,570|
|Loneliness Fund|–|–|–|–|–|
|Active Through Football|–|–|–|–|–|
|Migrant Fund|–|–|–|–|–|
||--------------------------------|--------------------------------|--------------------------------|-----------------------|--------------------------------|
||300,336|302,167|(283,343)|1,175|320,335|
||================================|================================|================================|=======================|================================|
**38**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **22. Analysis of charitable funds** _**(continued)**_
Purpose of restricted funds
## Premier League Kicks:
A project with the aim of using football to bring communities together and engage with young people. It involves football and other sports sessions and the encouragement of volunteering.
## Premier League Continuous Improvement:
This represents funding from the Premier League Charitable Fund to support areas or aspects of the Trust which have been identified as needing additional support and investment.
## Premier League Primary Stars:
Funding for a programme which uses the appeal of the Premier League and professional football clubs to inspire primary school children to learn, be active and develop important life skills.
## EFL Trust infrastructure grant:
Grant funding for equipment to assist the Trust in delivering its aims. It is used principally in connection with the Manadon Sports Hub development.
## Wembley National Stadium Trust:
Funding to enable the delivery of a wide range of disability provision.
## Table Tennis:
A Sport England funded initiative, using table tennis as a means of introducing a sporting habit for life, whilst raising aspirations through sport.
## Mental health projects:
Residual funds following a tournament held in 2017 which are used for the provision of staff and tickets when referrals take place.
## Big Potential:
Big Lottery grant funding to improve the Trust's sustainability and capacity and to scale up to deliver greater social impact.
Big Lottery - Family Health:
Big Lottery funding to support the running of a dementia café.
The Plymouth Argyle Training & Development Trust for Young People:
These funds are those of a separate linked charity which, under the provisions of the Charities Act 2011, are able to be treated as forming part of the funds of the Trust for reporting purposes only. They are required to be utilised in accordance with the linked charity's own trusts and these correspond closely with those of the Trust relating to young persons.
## FIT Fans:
Funding for a free health programme for men and women aged 35 - 65 who are looking to lose weight, get fitter and lead a more active life.
## EFT Trust - Extra Time:
A project designed to engage retired and semi-retired people and ultimately aimed at combatting loneliness and inactivity.
EFL Trust - Innovation Fund:
Funding used for the delivery of the Prison Programme - Alternative Lives project.
**39**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **22. Analysis of charitable funds** _**(continued)**_
Premier League Core Fund:
Funding to assist the Trust's general costs, and specifically applied against staff costs.
## Development Squad:
Funding from the Training & Development Trust to support certain of the operational costs incurred by the development squad.
## Loneliness Fund:
A project to reduce social isolation during the pandemic through phone calls, garden gate visits, online groups and food and medication deliveries.
## Active Through Football:
A project which aims to increase activity levels amongst inactive adults aged between 30 and 50 years of age.
## Migrant Fund:
The central migrant fund is a project funded by MHCLG and its sole purpose is to support a network of organisations trying to use events and programmes to improve levels of social harmony in four key highlighted wards of Plymouth.
## Premier League Kicks - Targeted:
This programme sees one-to-one bespoke mentoring delivered to young people on the borderline of the criminal justice system. This consistent model can be delivered with each mentee for up to a year.
## Green Social Prescribing Fund:
Working with a variety of partners to deliver physical activity, arts and nature based activities in Central Park with the aim of getting those most impacted by the pandemic back into the community. Rank Foundation Covid-19 Response: A bespoke fund designed to support families who had been severely affected by the pandemic and were left in food or network poverty.
## Charities Aid Foundation - Resilience Funding:
A bespoke COVID-19 fund which enabled the Trust to create food hamper deliveries to families in the city who were experiencing food poverty.
## Armed Forces Covenant Fund:
Provision of physical and social opportunities to Armed Forces Veterans.
## Children in Need:
A fund to provide children with disabilities access to free provision with adapted equipment, thereby reducing barriers to participation.
## Back to Bowls:
Provision of turn up and play bowls sessions to encourage people to play the game after the lockdowns.
## Street Games:
Estate-based multi-sport provisions for young people who have been referred by an external organisation to the police, and then guided into our delivery as a mechanism of life improvement.
**40**
## **Plymouth Argyle Football in the Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2021**
## **23. Analysis of net assets between funds**
||Unrestricted|Restricted|Endowment|**Total Funds**|
|---|---|---|---|---|
||Funds|Funds|Funds|**2021**|
||£|£|£|**£**|
|Tangible fixed assets|209,470|8,716|–|218,186|
|Current assets|1,524,033|199,998|206,570|1,930,601|
|Creditors less than 1 year|(163,936)|–|–|(163,936)|
||-----------------------------------------|--------------------------------|--------------------------------|-----------------------------------------|
|**Net assets**|1,569,567|208,714|206,570|1,984,851|
||=========================================|================================|================================|=========================================|
||Unrestricted|Restricted|Endowment|Total Funds|
||Funds|Funds|Funds|2020|
||£|£|£|£|
|Tangible fixed assets|223,371|6,866|–|230,237|
|Current assets|989,977|105,724|206,570|1,302,271|
|Creditors less than 1 year|(237,118)|–|–|(237,118)|
||--------------------------------|--------------------------------|--------------------------------|-----------------------------------------|
|**Net assets**|976,230|112,590|206,570|1,295,390|
||================================|================================|================================|=========================================|
|**Analysis of changes in net debt**|||||
|||||**At**|
|||At 1 Jul 2020|Cash flows|**30 Jun 2021**|
|||£|£|**£**|
|Cash at bank and in hand||1,095,128|607,527|1,702,655|
|||=========================================|================================|=========================================|
## **24. Analysis of changes in net debt**
## **25. Operating lease commitments**
The total future minimum lease payments under non-cancellable operating leases are as follows:
||**2021**|2020|
|---|---|---|
||**£**|£|
|Not later than 1 year|5,183|14,104|
|Later than 1 year and not later than 5 years|1,339|6,522|
||-----------------------|----------------------------|
||6,522|20,626|
||=======================|============================|
## **26. Related parties**
Mr J Morgan, Mr P Berne and Mr A Parkinson were directors of Plymouth Argyle Football Club Limited ("PAFC") throughout the year.
During the year sales invoices totalling £57,269 were raised by the Trust to PAFC, principally in respect of premises rental and recharged fuel expenditure. Purchases of kit, equipment, tickets and other recharged amounts from PAFC totalled £93,677. A net balance of £7,284 was due from the Trust to PAFC at the year end in respect of trading account balances.
**41**