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2021-03-31-accounts

Registered number: 05252701 Charity number: 1134988

ACTIVE LINCOLNSHIRE (A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 7
Independent auditors' report on the financial statements 8 - 12
Statement of financial activities 13
Balance sheet 14 - 15
Statement of cash flows 16
Notes to the financial statements 17 - 40

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees G P Basten (resigned 21 June 2021)
K Hunstone
M J Locking, Chair
M J Pinchard (appointed 28 April 2020)
J E Richardson
O R Tasker
K I Truscott, Vice Chair
P Wass
Company Registered
Number
05252701
Charity Registered
Number
1134988
Registered Office
Newland House
The Point, Weaver Road
Lincoln
LN6 3QN
Chief Executive Officer
E Tatlow (from May 2020)
Independent Auditors
Streets Audit LLP
Chartered Accounts & Statutory Auditor
Tower House
Lucy Tower Street
Lincoln
LN1 1XW
Bankers
Barclays Bank plc
316-318 High Street
Lincoln
LN5 7DP

Page 1

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

OBJECTIVES AND ACTIVITIES

Objectives and Aims

The aim of Active Lincolnshire, as set out in the Memorandum of Association is:

"To promote increased community participation in sport, active recreation and physical activity (together SARPA) for the benefit of the inhabitants of Lincolnshire".

This is delivered by:

Active Lincolnshire’s mission is to help more people to be more active more often. We are focused on building options to be active into everyone’s daily lives to tackle the challenge of physical inactivity. We support the local implementation of Sport England’s ten-year national strategy "Uniting the Movement" that was launched in January 2021.

We have a coherent strategy for Lincolnshire for physical activity that is based on research and insight into activity levels within the county.

Public Benefit

In deciding which activities the charity will pursue, the trustees have paid regard to the guidance issued by the Charity Commission on public benefit. All activities, delivered by the company, focus on the promotion of increased sport and physical activity across Lincolnshire.

Most of the funding received is to deliver specific activities designed to increase activity levels across Lincolnshire, either in target areas or with targeted groups of individuals. When planning projects, particular note is taken of Sport England and Public Health England information to identify areas or target groups where increases in activity levels will have a positive impact on the well-being of communities.

Page 2

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

During 2020/2021 we developed a new business plan that focused on:

Our Purpose

The results of the “Active Lives” Survey highlights just how important this is; with 30% of adults in Lincolnshire being ‘inactive’ and health inequalities apparent across the county. We recognise that to create change, collaboration and working in partnership is essential.

During the past year we have forged a number of new partnerships, enabling us to broaden the reach of our messages about the importance of physical activity to the audiences we are targeting. A key development has been across the Community and voluntary sector, who we worked with to distribute ‘Tackling Inequalities’ funds reaching people most in need and with the health and wellbeing sector including cancer, pre and post-natal and social prescribing.

ACHIEVEMENT AND PERFORMANCE

Stakeholder Survey:

Each year Active Lincolnshire conduct an annual stakeholder survey. The 2021 results told us that we are: honest, collaborative and positive; friendly and professional; and always on hand to support. “Every time we work with Active Lincolnshire we feel that we ‘do good.’”

Quest, a tool for continuous improvement, has been adopted by Active Partnerships nationally to help define industry standards and good practice within a customer focused management framework. Active Lincolnshire in its last Quest assessment (Jan 2019) achieved a "satisfactory" rating. In March 2021, two Quest assessor facilitated workshops provided the team and Board with the opportunity to review progress and gave reassurance to Quest and Sport England that the charity is delivering according to local need and meeting Sport England requirements.

Page 3

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

The impact of Covid-19 further highlighted the importance of the need for people to be active. During the pandemic, the charity continued on its journey of understanding and influencing system partners, recognising a shared countywide vision is required to supporting those who are inactive on their journey to being active.

‘Let’s Move Lincolnshire’, the blueprint for a more active Lincolnshire which outlines the vision for a “whole system” approach to increasing opportunities for people of all ages and abilities to be more physically active every day has continued to evolve. ‘Let’s Move Lincolnshire’ delivers the physical activity strand of Lincolnshire’s health and well-being strategy and provides a framework that stakeholders from across Lincolnshire, including our public sector and health care partners, have committed to supporting.

Supporting our strategic work, we deliver a number of programmes that are detailed in this report.

FINANCIAL REVIEW

This has been another challenging year in terms of the charity’s ability to raise voluntary income and income from trading activities where the results show a reduction in comparison to the previous year.

However, the financial statements show an increase in the funding from charitable activities due to increased overall funding from Sport England.

Principal Funding Sources

The core funding was secured from the following sources in 2020/21:

Reserves Policy

The Board review the reserves of the company periodically.

The Board's aim is to maintain unrestricted general reserves (excluding pension fund) of approximately 6 months' expenditure in order to mitigate the risk of any such periods of reduced or non-income or unforeseen expenditure.

During the year, the unrestricted reserves excluding pension fund increased from £480,152 to £492,810.

Restricted reserves increased from £11,040 to £220,577 at 31 March 2021 where funding received in the year could not be spent as a result of the pandemic but funders have permitted funds to be carried over to be spent in future years.

Page 4

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Pension Scheme

Some employees of Active Lincolnshire participate in the Lincolnshire County Council defined Benefit Pension Scheme and the organisation has made all the contributions promptly as required. At 31 March 2021, the net pension deficit increased by £367,000 to £727,000. As part of the Lincolnshire County Council Defined Benefits Scheme assumptions are made about us as part of a wider working contract done by the actuary of Lincolnshire County Council (LCC). The discount rate used, which is an accounting assumption, is not discretionary, and the reasons behind this change include the uncertainty due to political assumptions outside of our control.

It is the Trustees opinion that the pension scheme deficit, although a significant component of the balance sheet, does not represent a current liability or have any impact on the going concern of Active Lincolnshire and it continues to meet obligations made by the scheme. The LCC scheme is now closed to new employees.

Going Concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

FUTURE PLANS

Our strategy is:

We will, with the mandate from the Lincolnshire Health and Wellbeing Board, and recognising that a whole system approach to tackling the challenge of inactivity is required, continue to play a lead-role in the delivery of ‘Let’s Move Lincolnshire’ for a more active community in Lincolnshire.

Active Lincolnshire will continue to deliver a wide range of projects, products and programmes. We will continue to focus on bringing partners together from all sectors of the community, to influence and facilitate incorporate options to be active into everyone’s daily lives.

Impact of Covid-19 Pandemic on Active Lincolnshire

Covid-19 has had a significant impact on the people of Lincolnshire their activity levels, access to facilities and the wider infrastructure, specifically club and organised and team activity provision. Active Lincolnshire reviewed its business plan and programme delivery plans to ensure we are aligned with the new needs of our target audiences and also the club and associated workforce infrastructure. Sport England provided additional funding to Active Lincolnshire during Covid to support people most impacted by Covid through the Tackling Inequalities Fund. Sport England have indicated this approach will continue as we emerge from the pandemic.

Active Lincolnshire is not anticipating any significant reduction in funding to the charity, however the charities ability to generate additional income (such as through sponsorship and delivering services including training and events) continues to be impacted. To support the wellbeing of the team, Active Lincolnshire team have introduced a more flexible working policy and a wellbeing policy.

Page 5

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is controlled by its Memorandum and Articles of Association and constitutes a company limited by guarantee as defined by the Companies Act 2006.

Active Lincolnshire is a limited company and registered charity. The company was registered in October 2004 and charitable status was gained in March 2010. The original Memorandum and Articles of Association were adopted in 2004 and were last reviewed in August 2019. In the event of the company being wound up members are required to contribute an amount not exceeding £10.00 per member.

As an Active Partnership, Active Lincolnshire is required to meet Tier 3 of the Sport England 'Governance Code for Sport in the UK'.

Recruitment and Appointment of New Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's articles are known as directors of the company. They are recruited through open advert and appointment is agreed by existing directors (ratified at the next AGM). According to the Articles of Association all directors are subject to a rotation policy which specifies that one third of the directors must retire at each AGM (based on length of service) and may be re-elected for a further three-year period at the Annual General Meeting.

The Board is made up of representatives from all sectors and areas of the community offering a breadth of insight into the county of Lincolnshire.

An annual skills assessment and board review is carried out each year, this helps to build a Board development and training programme. In 2020/21 an external board review was undertaken.

Organisational Structure

The day-to-day management of the charity is delegated by the trustees to the Chief Executive Officer (CEO).

The board of trustees, staff and, if required, external specialists, come together for themed conversations and strategic debate outside of the main board meeting to advise the Board.

Induction and Training of New Trustees

All new trustees go through an induction programme and are provided with an information pack about the role of a director and charity trustee.

Key Management Personnel Remuneration and Related Parties

The trustees consider the board of trustees and the chief executive as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All trustees give of their time freely and no trustee remuneration was paid in the year.

Details of trustee expenses are disclosed in note 12 to the accounts.

Trustees are required to disclose all relevant interests and in accordance with the charity's policy withdraw from decisions where a conflict of interest arises.

The pay of the charity's Chief Executive Officer is reviewed annually.

Wider Network

Active Lincolnshire engages with multiple private, public and third sector partners all working together to achieve common goals and objectives.

Page 6

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of the charity 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).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

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.

DISCLOSURE OF INFORMATION TO AUDITOR

Each of the persons who are trustees at the time when this Trustees' report is approved has confirmed that:

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the members of the board of trustees on 14 December 2021 and signed on their behalf by:

M J Locking Chair

Page 7

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTIVE LINCOLNSHIRE

Opinion

We have audited the financial statements of Active Lincolnshire (the 'charity') for the year ended 31 March 2021 which comprise the Statement of financial activities, the Balance sheet, the 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 Financial Reporting Standard 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:

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 charitable company'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.

Page 8

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTIVE LINCOLNSHIRE (CONTINUED)

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company 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 Companies Act 2006 requires us to report to you if, in our opinion:

Page 9

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTIVE LINCOLNSHIRE (CONTINUED)

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the trustees (who are also the directors of the charitable company 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 Auditors' 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Page 10

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTIVE LINCOLNSHIRE (CONTINUED)

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 11

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTIVE LINCOLNSHIRE (CONTINUED)

Use of our report

This report is made solely to the charitable company'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 charitable company's members those matters we are required to state to them in an Auditors' 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 charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Robert Anderson (Senior statutory auditor) for and on behalf of

Streets Audit LLP

Chartered Accounts & Statutory Auditor

Tower House Lucy Tower Street Lincoln LN1 1XW

15 December 2021

Page 12

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total income
Expenditure on:
Charitable activities
Other expenditure
9
Total expenditure
Net income / (expenditure)
Transfers between funds
16
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Actuarial (losses)/gains on defined
benefit pension schemes
23
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
-
723,941
-
-
723,941
534,256
-
534,256
189,685
19,852
209,537
-
209,537
11,040
209,537
220,577		 Unrestricted
funds
2021
£
-
50,717
3,350
277
54,344
42,834
-
42,834
11,510
(19,852)
(8,342)
(346,000)
(354,342)
120,152
(354,342)
(234,190)		 Total
funds
2021
£
-
774,658
3,350
277
778,285
577,090
-
577,090
201,195
-
201,195
(346,000)
(144,805)
131,192
(144,805)
(13,613)		 Total
funds
2020
£
6,684
628,468
23,500
390
659,042
666,700
2,704
669,404
(10,362)
-
(10,362)
331,000
320,638
(189,446)
320,638
131,192

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 17 to 40 form part of these financial statements.

Page 13

ACTIVE LINCOLNSHIRE (A company limited by guarantee) REGISTERED NUMBER: 05252701

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Net assets excluding pension liability
Defined benefit pension scheme liability
23
Total net assets		 20,028
757,534
777,562
(72,644)		 2021
£
8,469
8,469
704,918
713,387
713,387
(727,000)
(13,613)		 79,272
593,962
673,234
(190,323)		 2020
£
8,281
8,281
482,911
491,192
491,192
(360,000)
131,192

Page 14

ACTIVE LINCOLNSHIRE (A company limited by guarantee) REGISTERED NUMBER: 05252701

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021

Note
Charity funds
Restricted funds
16
Unrestricted funds
Unrestricted funds excluding pension
reserve
16
Pension reserve
16
Total unrestricted funds
16
Total funds		 492,810
(727,000)		 2021
£
220,577
(234,190)
(13,613)		 480,152
(360,000)		 2020
£
11,040
120,152
131,192

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the trustees on 14 December 2021 and signed on their behalf by:

M J Locking Chair

The notes on pages 17 to 40 form part of these financial statements.

Page 15

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Bank interest received
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2021
£
167,711
-
(4,416)
277
(4,139)
163,572
593,962
757,534		 2020
£
86,323
4,021
(8,281)
390
(3,870)
82,453
511,509
593,962

The notes on pages 17 to 40 form part of these financial statements

Page 16

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

Active Lincolnshire (the charity) is a limited company by guarantee incorporated in England and Wales and a registered charity. The charity's registered office is at Newland House The Point, Weaver Road, Lincoln, England, LN6 3QN. The charity's principal activity is the promotion of increased participation in sport and active recreation.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: 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) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Active Lincolnshire meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements.

The trustees have received confirmation of the continued funding from its major provider and prepared budgets and forecasts. The trustees have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 17

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives are as follows:

Computer equipment - 3 years

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 18

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.8 Cash at bank and in hand

Cash at bank represents balances held in current and deposit accounts to which the charity has immediate access.

2.9 Liabilities

Liabilities and provisions are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.10 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.11 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

The charity operates a defined benefits pension scheme and the pension charge is based on a full actuarial valuation dated 31 March 2019. The pension liability has been valued by an actuary as at 31 March 2021 .

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 19

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

The present value of the defined benefit pension scheme liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost or income for pensions include the discount rate. Any changes in these assumptions, which are disclosed in note 23, will impact the carrying amount of the pension liability. Furthermore a roll forward approach which projects results from the latest full actuarial valuation performed at 31 March 2019 has been used by the actuary in valuing the pensions liability at 31 March 2021. Any differences between the figures derived from the roll forward approach and a full actuarial valuation would impact on the carrying amount of the pension liability.

4. Income from donations and legacies

Donations
Donations		 Restricted
funds
2021
£
-
Restricted
funds
2020
£
2,000		 Unrestricted
funds
2021
£
-
Unrestricted
funds
2020
£
4,684		 Total
funds
2021
£
-
Total
funds
2020
£
6,684

Page 20

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Income from charitable activities

Primary Role
Sport England
Other
Primary Role
Sport England
Other		 Restricted
funds
2021
£
208,003
435,743
80,195
723,941
Restricted
funds
2020
£
228,006
232,022
85,596
545,624		 Unrestricted
funds
2021
£
40,000
-
10,717
50,717
Unrestricted
funds
2020
£
40,000
-
42,844
82,844		 Total
funds
2021
£
248,003
435,743
90,912
774,658
Total
funds
2020
£
268,006
232,022
128,440
628,468

Page 21

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Income from other trading activities

Income from fundraising events

Sponsorship
Sponsorship
7.
Investment income

Bank Interest Received
Bank Interest Received		 Unrestricted
funds
2021
£
3,350
Unrestricted
funds
2020
£
23,500
Unrestricted
funds
2021
£
277
Unrestricted
funds
2020
£
390		 Total
funds
2021
£
3,350
Total
funds
2020
£
23,500
Total
funds
2021
£
277
Total
funds
2020
£
390

Page 22

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Analysis of expenditure by activities

Primary Role
Sport England
Other
Primary Role
Sport England
Other		 Activities
undertaken
directly
2021
£
131,493
336,818
34,136
502,447
Activities
undertaken
directly
2020
£
135,213
245,379
127,542
508,134		 Support
costs
2021
£
74,643
-
-
74,643
Support
costs
2020
£
158,566
-
-
158,566		 Total
funds
2021
£
206,136
336,818
34,136
577,090
Total
funds
2020
£
293,779
245,379
127,542
666,700

Analysis of direct costs

Pension Finance Cost
Staff Costs
Staff Expenses
Other Staff Costs
Programme Delivery
External Staff Costs		 Primary
Role
2021
£
3,312
124,018
144
368
2,831
820
131,493		 Sport
England
2021
£
4,245
158,636
-
-
173,937
-
336,818		 Other
2021
£
443
16,569
50
-
17,074
-
34,136		 Total
funds
2021
£
8,000
299,223
194
368
193,842
820
502,447

Page 23

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Pension Finance Cost
Staff Costs
Staff Expenses
Other Staff Costs
Programme Delivery
External Staff Costs
Analysis of support costs
Depreciation
Premises Costs
Staff Training and Development
Office Costs
Insurance
Professional Costs
Governance Costs
Other Support Costs		 Primary Role
2020
£
5,949
94,900
2,217
11,848
-
20,299
135,213		 Sport
England
2020
£
9,263
147,642
2,113
-
86,361
-
245,379		 Other
2020
£
1,788
28,923
1,840
-
94,991
-
127,542
Primary
Role
2021
£
4,228
20,769
775
18,150
5,941
5,339
7,550
11,891
74,643		 Total
funds
2020
£
17,000
271,465
6,170
11,848
181,352
20,299
508,134
Total
funds
2021
£
4,228
20,769
775
18,150
5,941
5,339
7,550
11,891
74,643

Page 24

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Premises Costs
Staff Training and Development
Office Costs
Insurance
Professional Costs
Governance Costs
Other Support Costs
(Profit) / Loss on Disposal
9.
Other expenditure		 Primary Role
2020
£
18,408
3,046
17,216
6,347
64,884
30,094
20,653
(2,082)
158,566		 Total
funds
2020
£
18,408
3,046
17,216
6,347
64,884
30,094
20,653
(2,082)
158,566
Office Relocation Costs
Unrestricted
funds
2020
£
Office Relocation Costs
2,704		 Total
funds
2021
£
-
Total
funds
2020
£
2,704

Page 25

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

10. Auditors' remuneration

2021 2020
£ £
Fees payable to the charity's auditor for the audit of the charity's annual
accounts 4,000 4,000

11. Staff costs

Wages and salaries
Social security costs
Pension costs
Operating costs of defined benefit pension schemes		 2021
£
243,884
18,228
5,111
32,000
299,223		 2020
£
209,947
15,599
3,919
42,000
271,465

During the year, the charity made redundancy payments of £Nil (2020 - £2,362) which are included in Other Staff Costs.

The average number of persons employed by the charity during the year was as follows:

Total
The average headcount expressed as full-time equivalents was:
Total		 2021
No.
10
2021
No.
9.5		 2020
No.
9
2020
No.
8.4

No employee received remuneration amounting to more than £60,000 in either year.

The total amount of key management personnel benefits (including employer pension contributions and employer national insurance contributions) received by key management personnel during the year totalled £61,320 (2020 - £Nil).

In the prior period, the charity utilised the services of an interim Chief Executive Officer from a similar institution Active Humber. The total cost to the charity for the services provided for the year ended 31 March 2020 was £15,109.

Page 26

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, no trustee expenses have been incurred (2020 - £NIL) .

13. Tangible fixed assets

Cost or valuation
At 1 April 2020
Additions
At 31 March 2021
Depreciation
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
14.
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2021
£
2,490
-
17,538		 Computer
equipment
£
8,281
4,416
12,697
4,228
4,228
8,469
8,281
2020
£
32,228
444
46,600
20,028 79,272

Page 27

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April
Resources deferred during the year
Amounts released from previous periods		 2021
£
24,358
7,084
3,397
37,805
72,644
2021
£
115,898
14,775
(110,360)
20,313		 2020
£
45,628
12,569
445
131,681
190,323
2020
£
75,571
115,898
(75,571)
115,898

At the year-end, the charity has received funding in advance from Sport England in respect of the charity programmes and for other events to take place in the next financial year.

Page 28

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16.
Statement of funds
Statement of funds - current year
Unrestricted funds
Designated funds
LEAP
General funds
General Funds
Pension Reserve
Total Unrestricted funds		 Balance at 1
April 2020
£
11,655
Balance at 1
April 2020
£
468,497
(360,000)
108,497
120,152		 Income
£
-
Income
£
54,344
-
54,344
54,344		 Expenditure
£
5
Expenditure
£
(21,839)
(21,000)
(42,839)
(42,834)		 Transfers
in/out
£
-
Transfers
in/out
£
(19,852)
-
(19,852)
(19,852)		 Gains/
(Losses)
£
-
Gains/
(Losses)
£
-
(346,000)
(346,000)
(346,000)		 Balance at
31 March
2021
£
11,660
Balance at
31 March
2021
£
481,150
(727,000)
(245,850)
(234,190)

Page 29

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Statement of funds (continued)

Restricted funds
Sport England - Primary Role
Sport England - Children and Young People
Sport England - Satellite Clubs
Sport England - Tackling Inequality
Sport England - Local Workforce Development
Sport England - Other
LCC Funding
Pre & Post Natal
Mental Health Promotion Fund
Lincolnshire Community Foundation
Total of funds		 Balance at 1
April 2020
£
-
-
-
-
-
-
11,040
-
-
-
11,040
131,192		 Income
£
208,003
107,988
118,069
160,000
37,436
12,250
31,475
30,000
8,720
10,000
723,941
778,285		 Expenditure
£
(197,855)
(73,234)
(89,886)
(113,401)
(37,436)
(12,250)
(3,954)
(6,240)
-
-
(534,256)
(577,090)		 Transfers
in/out
£
19,852
-
-
-
-
-
-
-
-
-
19,852
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
(346,000)		 Balance at
31 March
2021
£
30,000
34,754
28,183
46,599
-
-
38,561
23,760
8,720
10,000
220,577
(13,613)

Page 30

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
16.
Statement of funds (continued)
Statement of funds - prior year
Unrestricted funds
Designated funds
LEAP
General funds
General Funds
Pension Reserve
Total Unrestricted funds		 Balance at
1 April 2019
£
11,713
Balance at
1 April 2019
£
454,841
(656,000)
(201,159)
(189,446)		 Income
£
14
Income
£
111,404
-
111,404
111,418		 Expenditure
£
(72)
Expenditure
£
(50,948)
(35,000)
(85,948)
(86,020)		 Transfers
in/out
£
-
Transfers
in/out
£
(46,800)
-
(46,800)
(46,800)		 Gains/
(Losses)
£
-
Gains/
(Losses)
£
-
331,000
331,000
331,000		 Balance at
31 March
2020
£
11,655
Balance at
31 March
2020
£
468,497
(360,000)
108,497
120,152

Page 31

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Statement of funds (continued)

Restricted funds
Sport England - Primary Role
Sport England - Children and Young People
Sport England - Satellite Clubs
Sport England - Local Workforce Development
Sport England - Other
GOGA
Taskforce
LTA
LCC Funding
Total of funds		 Balance at
1 April 2019
£
-
-
-
-
-
-
-
-
-
-
(189,446)		 Income
£
228,006
87,776
96,250
35,282
12,714
57,166
18,890
500
11,040
547,624
659,042		 Expenditure
£
(281,530)
(87,776)
(96,250)
(35,282)
(7,000)
(57,166)
(17,880)
(500)
-
(583,384)
(669,404)		 Transfers
in/out
£
53,524
-
-
-
(5,714)
-
(1,010)
-
-
46,800
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
331,000		 Balance at
31 March
2020
£
-
-
-
-
-
-
-
-
11,040
11,040
131,192

Page 32

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. Nature of funds

Unrestricted Funds:

Designated Funds

Lincolnshire Elite Athlete Programme (LEAP) represents funds designated by the trustees to be used towards grants to Elite Lincolnshire Athletes that are held separately from other charity funds.

General Funds

General Funds are those funds not designated towards any project in particular and can be used towards any of the charity's objectives.

Pension Reserve

The Pension Reserve represents the year-end deficit balance on the charity's pension scheme.

Material Restricted Funds:

Sport England

Sport England represents a number of income streams received for individual activity programmes which must be spent for the intended purposes.

LCC Funding

LCC Funding represents funding provided by Lincolnshire County Council to be spent by the charity for the intended purposes.

Pre & Post Natal

Pre & Post Natal represents funding received for a specific project in relation to Pre & Post Natal exercise.

GOGA

GOGA stands for Get Out Get Active and is funded by the English Federation of Disability Sport.

Material Transfers:

Transfers are recognised in the financial statements to transfer unrestricted income streams in relation of the allocation of the defined benefit pension scheme costs to restricted activities and to cover the overall deficit arising.

Page 33

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

18. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds
Summary of funds - prior year
Designated funds
General funds
Restricted funds		 Balance at 1
April 2020
£
11,655
108,497
11,040
131,192
Balance at
1 April 2019
£
11,713
(201,159)
-
(189,446)		 Income
£
-
54,344
723,941
778,285
Income
£
14
111,404
547,624
659,042		 Expenditure
£
5
(42,839)
(534,256)
(577,090)
Expenditure
£
(72)
(85,948)
(583,384)
(669,404)		 Transfers
in/out
£
-
(19,852)
19,852
-
Transfers
in/out
£
-
(46,800)
46,800
-		 Gains/
(Losses)
£
-
(346,000)
-
(346,000)
Gains/
(Losses)
£
-
331,000
-
331,000		 Balance at
31 March
2021
£
11,660
(245,850)
220,577
(13,613)
Balance at
31 March
2020
£
11,655
108,497
11,040
131,192

Page 34

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Provisions for liabilities and charges
Total		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
-
8,469
220,577
556,985
-
(72,644)
-
(727,000)
220,577
(234,190)		 Total
funds
2021
£
8,469
777,562
(72,644)
(727,000)
(13,613)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Provisions for liabilities and charges
Total		 Restricted
funds
2020
£
-
11,040
-
-
11,040		 Unrestricted
funds
2020
£
8,281
662,194
(190,323)
(360,000)
120,152		 Total
funds
2020
£
8,281
673,234
(190,323)
(360,000)
131,192

Page 35

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

20. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Bank interest received
Profit on the sale of fixed assets
Decrease in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Defined benefit pension scheme cost less contributions payable
Defined benefit pension scheme finance cost
Defined benefit pension scheme administrative cost
Net cash provided by operating activities
21.
Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents
22.
Analysis of changes in net debt
At 1 April
2020
£
Cash at bank and in hand
593,962		 2021
2020
£
£
201,195
(10,362)
4,228
-
(277)
(390)
-
(2,082)
-
405
59,244
(27,698)
(117,679)
91,450
12,000
18,000
8,000
17,000
1,000
-
167,711
86,323
2021
2020
£
£
757,534
593,962
757,534
593,962
Cash flows
At 31 March
2021
£
£
163,572
757,534

Page 36

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23. Pension commitments

Defined Contribution Pension Scheme:

The charity operates a defined contribution pension scheme. The assets of the scheme is held separately from those of the charity in independently administered funds. The pension cost charge represents contributions payable by the charity to the funds and amounted to £5,000 (2020 - £4,000) to the nearest thousand pounds. Contributions totalling £616 (2020 - £410) were payable to the funds at the balance sheet date and are included in other creditors.

Defined Benefit Pension Scheme:

The charity operates a defined benefit pension scheme.

At the year-end, three of the charity's employees belong to the Local Government Pension Scheme (LGPS), a defined benefit pension scheme, which is managed by Lincolnshire County Council. The scheme is closed to new admissions.

The latest full actuarial valuation of the LGPS was at 31 March 2019.

The following disclosures are taken from the report prepared by Barnett Waddingham LLP as at 31 March 2021 (Hymans Robertson LLP as at 31 March 2020).

Principal actuarial assumptions at the Balance sheet date (expressed as weighted averages):

At 31 March At 31 March
2021 2020
% %
Discount Rate 2.05 2.30
Salary Increase Rate 2.80 2.10
Pension Increase Rate (CPI) 3.10 1.80
At 31 March At 31 March
2021 2020
Years Years
Life expectancy from age 65 (years)
Males retiring today 21.1 21.4
Males retiring in 20 years 22.0 22.4
Females retiring today 23.6 23.7
Females retiring in 20 years 25.0 25.2

Page 37

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23. Pension commitments (continued)

The charity's share of the assets in the scheme was:

Equities
Bonds
Property
Cash
Total fair value of assets		 At 31 March
2021
£
1,366,000
262,000
199,000
77,000
1,904,000		 At 31 March
2020
£
1,000,500
354,000
169,000
15,500
1,539,000

The actual return on scheme assets was £349,000 (2020 - £(222,000)) .

The amounts recognised in the Statement of financial activities are as follows:

Current service cost
Past service cost
Interest income
Interest cost
Administrative expenses
Total amount recognised in the Statement of financial activities		 2021
£
32,000
4,000
(36,000)
44,000
1,000
45,000		 2020
£
42,000
-
(44,000)
61,000
-
59,000

Movements in the present value of the defined benefit obligation were as follows:

Opening defined benefit obligation
Current service cost
Interest cost
Contributions by scheme participants
Changes in actuarial assumptions
Benefits paid
Past service costs
Closing defined benefit obligation		 2021
£
1,899,000
28,000
44,000
6,000
659,000
(9,000)
4,000
2,631,000		 2020
£
2,395,000
42,000
61,000
7,000
(597,000)
(9,000)
-
1,899,000

Page 38

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23. Pension commitments (continued)

Movements in the fair value of the charity's share of scheme assets were as follows:

Opening fair value of scheme assets
Interest income
Return on assets excluding amounts included in net interest
Contributions by employer
Contributions by scheme participants
Benefits paid
Administrative expenses paid
Closing fair value of scheme assets		 2021
£
1,539,000
36,000
313,000
20,000
6,000
(9,000)
(1,000)
1,904,000		 2020
£
1,739,000
44,000
(266,000)
24,000
7,000
(9,000)
-
1,539,000

McCloud Case

A consultation seeking views on its proposed method of implementing changes to remedy the age discrimination identified in the McCloud court case was launched during the year. Following the consultation, the effect of the case on the charity's defined benefit pension scheme has been quantified.

The actuary's report as at 31 March 2021 has allowed for the estimated impact of the recent McCloud judgement as a past service cost. The estimated impact on the total liabilities as at 31 March 2021 is £4,000 (or 0.2% as a percent of total liabilities).

24. Operating lease commitments

At 31 March 2021 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2021
£
7,521
-
7,521		 2020
£
8,209
229
8,438

The following lease payments have been recognised as an expense in the Statement of financial activities:

2021 2020
£ £
Operating lease rentals 15,501 13,348

Page 39

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

25. Related party transactions

Linking Up Limited:

Linking Up Limited is a company in which K I Truscott, a trustee, is a director and shareholder.

During the year, the charity received invoices for services provided of £1,336 (2020 - £5,706). The balance outstanding at the year-end is £Nil (2020 - £480).

Page 40