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← Active Lincolnshire

2024-03-31-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 2024

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
Statement of cash flows 15
Notes to the financial statements 16 - 35

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees P S Barron, Chair
R G Cleary (appointed 4 October 2023)
K Evans
R Flint
S Ford
N P Juster
S-J Mills (appointed 12 June 2023)
M F Morris
J E Richardson
O R Tasker (resigned 5 March 2024)
K I Truscott (resigned 28 June 2023)
K Whitfield
Company Registered
Number
05252701
Charity Registered
Number
1134988
Registered Office
Newland House
The Point, Weaver Road
Lincoln
LN6 3QN
Chief Executive Officer
E Tatlow
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 2024

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 2024. 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 (Let’s Move Lincolnshire) 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 2024

Our business plan focuses 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.

This year we have continued to deepen our relationships with partners and our understanding of place and have built a number of new partnerships and the reach of our network, enabling us to extend the reach of our messages about the importance of physical activity to the audiences we are targeting.

ACHIEVEMENT AND PERFORMANCE

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

Page 3

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 2023/24:

Reserves Policy

The Board review the reserves of the charity annually.

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 designated funds increased from £504,775 to £535,848.

Restricted reserves decreased from £263,559 to £134,975 at 31 March 2024 where funding received in the year could not be spent but funders have permitted funds to be carried over to be spent in future years.

Pension Schemes

Some employees of Active Lincolnshire participate in the Lincolnshire County Council (LCC) defined Benefit Pension Scheme and the organisation has made all the contributions promptly as required. At 31 March 2024, the pension scheme was pooled with Lincolnshire County Council and all surplus and future liability was taken over by LCC. Active Lincolnshire continues to make contributions on behalf of staff who remain members of the Local Government Pension Scheme, but there is no longer any surplus/deficit related to this for the company.

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.

Page 4

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

FUTURE PLANS

Our strategy is:

We will do this using insight and understanding of local places and people to identify priorities and to maximise impact.

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.

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. An external board review was undertaken last in 2020/2021.

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.

Page 5

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 11 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.

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.

Page 6

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 17 September 2024 and signed on their behalf

by:

P S Barron 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 2024 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 other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The trustees are responsible for the other information contained within the Annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

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

30 September 2024

Page 12

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Charitable activities
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income / (expenditure)
Transfers between funds
13
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Actuarial gains on defined benefit
pension schemes
19
Defined benefit pension scheme asset
not recognised
19
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
598,362
-
-
598,362
725,357
725,357
(126,995)
(1,589)
(128,584)
-
-
(128,584)
263,559
(128,584)
134,975		 Unrestricted
funds
2024
£
114,185
18,100
24,116
156,401
104,917
104,917
51,484
1,589
53,073
201,000
(223,000)
31,073
504,775
31,073
535,848		 Total
funds
2024
£
712,547
18,100
24,116
754,763
830,274
830,274
(75,511)
-
(75,511)
201,000
(223,000)
(97,511)
768,334
(97,511)
670,823		 Total
funds
2023
£
887,139
12,200
505
899,844
940,703
940,703
(40,859)
-
(40,859)
1,003,000
(489,000)
473,141
295,193
473,141
768,334

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

The notes on pages 16 to 35 form part of these financial statements.

Page 13

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

BALANCE SHEET AS AT 31 MARCH 2024

2024 2024 2023
Note £ £
Current assets
Debtors 11 58,297 15,741
Cash at bank and in hand 689,967 836,088
748,264 851,829
Creditors: amounts falling due within one
year 12 (77,441) (83,495)
Net current assets 670,823 768,334
Total assets less current liabilities 670,823 768,334
Net assets excluding pension asset 670,823 768,334
Total net assets 670,823 768,334
Charity funds
Restricted funds 13 134,975 263,559
Unrestricted funds 13 535,848 504,775
Total funds 670,823 768,334

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 17 September 2024 and signed on their behalf by:

P S Barron Chair

The notes on pages 16 to 35 form part of these financial statements.

Page 14

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Bank interest received
Net cash provided by 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
The notes on pages 16 to 35 form part of these financial statements		 2024
£
(149,237)
3,116
3,116
(146,121)
836,088
689,967		 2023
£
57,988
505
505
58,493
777,595
836,088

Page 15

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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), 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 16

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

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 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.

2.7 Cash at bank and in hand

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

2.8 Liabilities and provisions

Liabilities 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.

2.9 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.

Page 17

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.10 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 operated a defined benefit pension scheme which was pooled with Lincolnshire County Council as at 29 February 2024. The charges and disclosures in the financial statements are based on an actuarial valuation prepared up to the date of pooling.

Subsequently, the scheme is being accounted for as if it were a defined contribution scheme.

2.11 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.

3. Income from charitable activities

Sport England
Other
Total 2023		 Restricted
funds
2024
£
570,776
27,586
598,362
804,289		 Unrestricted
funds
2024
£
-
114,185
114,185
82,850		 Total
funds
2024
£
570,776
141,771
712,547
887,139		 Total
funds
2023
£
749,289
137,850
887,139

Page 18

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Income from other trading activities

Income from fundraising events

Sponsorship
Total 2023
5.
Investment income

Bank Interest Received
Pension Finance Income
Total 2023		 Unrestricted
funds
2024
£
18,100
12,200
Unrestricted
funds
2024
£
3,116
21,000
24,116
505		 Total
funds
2024
£
18,100
12,200
Total
funds
2024
£
3,116
21,000
24,116
505		 Total
funds
2023
£
12,200
Total
funds
2023
£
505
-
505

Page 19

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Analysis of expenditure by activities

Sport England
Other
Total 2023
Analysis of direct costs
Pension Finance Cost
Staff Costs
Staff Expenses
Other Staff Costs
Programme Delivery
External Staff Costs
Total 2023		 Activities
undertaken
directly
2024
£
475,017
100,734
575,751
677,033		 Grant
funding of
activities
2024
£
112,038
2,700
114,738
89,268
Sport
England
2024
£
-
401,977
7,199
833
65,008
-
475,017
527,892		 Support
costs
2024
£
97,686
42,099
139,785
174,402
Other
2024
£
-
47,195
1,460
-
42,219
9,860
100,734
149,141		 Total
funds
2024
£
684,741
145,533
830,274
940,703
Total
funds
2024
£
-
449,172
8,659
833
107,227
9,860
575,751
677,033		 Total
funds
2023
£
750,460
190,243
940,703
Total
funds
2023
£
13,000
444,838
7,460
6,148
202,944
2,643
677,033

Page 20

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Premises Costs
Staff Training and Development
Office Costs
Insurance
Professional Costs
Governance Costs
Other Support Costs
Total 2023		 Sport
England
2024
£
-
16,146
4,355
20,272
6,620
27,605
7,890
14,798
97,686
133,300		 Other
2024
£
-
-
-
683
-
37,992
-
3,424
42,099
41,102		 Total
funds
2024
£
-
16,146
4,355
20,955
6,620
65,597
7,890
18,222
139,785
174,402		 Total
funds
2023
£
3,893
17,715
20,230
36,632
5,663
47,480
6,685
36,104
174,402

7. Analysis of grants

Grants, Sport England
Grants, Other
Total 2023		 Grants to
Schools /
Clubs
2024
£
112,038
2,700
114,738
89,268		 Total
funds
2024
£
112,038
2,700
114,738
89,268		 Total
funds
2023
£
89,268
-
89,268

Page 21

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8. Auditors' remuneration
2024 2023
£ £
Fees payable to the charity's auditor for the audit of the charity's annual
accounts 6,750 6,000

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
Operating costs of defined benefit pension schemes		 2024
£
398,770
32,891
12,511
5,000
449,172		 2023
£
385,157
34,598
13,083
12,000
444,838

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

2024 2023
No. No.
Total 13 12
The average headcount expressed as full-time equivalents was:
2024 2023
No. No.
Total 12.0 11.0
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was:
2024 2023
No. No.
In the band £60,001 - £70,000 1 1

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 £71,729 (2023 - £71,411).

Page 22

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 March 2024, no trustee expenses have been incurred (2023 - £NIL) .

11. Debtors

Due within one year
Trade debtors
Prepayments		 2024
£
43,188
15,109
58,297		 2023
£
6,046
9,695
15,741

12. 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		 2024
£
17,407
22,484
4,217
33,333
77,441
2024
£
-
7,750
-
7,750		 2023
£
59,145
16,005
4,012
4,333
83,495
2023
£
4,072
-
(4,072)
-

Page 23

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13.
Statement of funds
Statement of funds - current year
Unrestricted Funds
Designated Funds
LEAP
Wheelchair Sports
General Funds
General Funds
Pension Reserve
Total Unrestricted Funds		 Balance at 1
April 2023
£
11,660
20,896
32,556
472,219
-
472,219
504,775		 Income
£
-
4,078
4,078
131,323
21,000
152,323
156,401		 Expenditure
£
-
(4,993)
(4,993)
(100,924)
1,000
(99,924)
(104,917)		 Transfers
in/out
£
-
-
-
1,589
-
1,589
1,589		 Gains/
(Losses)
£
-
-
-
-
(22,000)
(22,000)
(22,000)		 Balance at
31 March
2024
£
11,660
19,981
31,641
504,207
-
504,207
535,848

Page 24

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Statement of funds (continued)

Restricted Funds
Sport England - Systemic
Sport England - Children and Young People
Sport England - Programme Funding
Sport England - Welfare
LCC Funding
Long COVID Funding
Pre & Post Natal
Let's Move UKSPF
Mind Project
Total of Funds		 Balance at 1
April 2023
£
107,241
9,239
128,194
-
12,424
1,778
4,683
-
-
263,559
768,334		 Income
£
486,726
56,750
-
27,300
-
5,000
-
19,886
2,700
598,362
754,763		 Expenditure
£
(488,373)
(60,154)
(128,194)
(9,020)
(10,835)
(1,512)
(4,683)
(19,886)
(2,700)
(725,357)
(830,274)		 Transfers
in/out
£
-
-
-
-
(1,589)
-
-
-
-
(1,589)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
(22,000)		 Balance at
31 March
2024
£
105,594
5,835
-
18,280
-
5,266
-
-
-
134,975
670,823

Page 25

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13.
Statement of funds (continued)
Statement of funds - prior year
Unrestricted Funds
Designated Funds
LEAP
Wheelchair Sports
General Funds
General Funds
Pension Reserve
Total Unrestricted Funds		 Balance at
1 April 2022
£
11,660
-
11,660
494,728
(493,000)
1,728
13,388		 Income
£
-
6,339
6,339
89,216
(489,000)
(399,784)
(393,445)		 Expenditure
£
-
(10,381)
(10,381)
(98,289)
(21,000)
(119,289)
(129,670)		 Transfers
in/out
£
-
24,938
24,938
(13,436)
-
(13,436)
11,502		 Gains/
(Losses)
£
-
-
-
-
1,003,000
1,003,000
1,003,000		 Balance at
31 March
2023
£
11,660
20,896
32,556
472,219
-
472,219
504,775

Page 26

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Statement of funds (continued)

Restricted Funds
Sport England - Primary Role
Sport England - Systemic
Sport England - Children and Young People
Sport England - Commonwealth School Games
Sport England - Opening Schools Facilities
Sport England - Tackling Inequality
Sport England - Local Workforce Development
Sport England - Programme Funding
Sport England - Other
LCC Funding
Long COVID Funding
Pre & Post Natal
Mental Health Promotion Fund
College Collaboration Fund		 Balance at
1 April 2022
£
25,676
-
123,182
14,500
39
19,657
12,891
-
8,108
57,289
-
17,547
1,746
1,170
281,805		 Income
£
-
474,430
56,750
-
-
-
-
218,109
-
40,000
15,000
-
-
-
804,289		 Expenditure
£
-
(399,191)
(170,693)
(14,500)
-
(32,471)
(14,157)
(89,915)
(8,108)
(52,996)
(13,222)
(12,864)
(1,746)
(1,170)
(811,033)		 Transfers
in/out
£
(25,676)
32,002
-
-
(39)
12,814
1,266
-
-
(31,869)
-
-
-
-
(11,502)		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2023
£
-
107,241
9,239
-
-
-
-
128,194
-
12,424
1,778
4,683
-
-
263,559

Page 27

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Statement of funds (continued) Total of Funds

Balance at
1 April 2022
£
295,193		 Income
£
410,844		 Expenditure
£
(940,703)		 Transfers
in/out
£
-		 Gains/
(Losses)
£
1,003,000		 Balance at
31 March
2023
£
768,334

Page 28

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Statement of funds (continued)

Unrestricted Funds:

Designated Funds

Lincolnshire Elite Athlete Programme (LEAP) - funds to be used towards grants to Elite Lincolnshire Athletes.

Wheelchair Sports - funds which are specifically held for holding future wheelchair sports events.

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 recognised balance on the charity's defined benefit pension scheme. The pension scheme was pooled with Lincolnshire County Council during the year.

Restricted Funds:

Sport England - funding received from Sport England for the purposes intended. Funding received from Sport England is either Systemic or Programme related. In 2023-24, Systemic Funding has been allocated to Children and Young People activities for which the transfer of £56,750 has been made.

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

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

Long COVID Funding - funding received as part of a NHS Charities Together Partnerships Grant to provide positive experiences and accessible opportunities for Lincolnshire residents, of all ages, with Long Covid, to be active and benefit from the physical and mental health benefits that brings.

Let's Move - funding received as part of the UK Shared Prosperity Funding grant to increase activity in East Lindsey.

Mind Project - funding received to support targeted engagement and activities in line with Mind’s strategic priority groups.

Page 29

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

14. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
April 2023
£
32,556
472,219
263,559
768,334		 Income
£
4,078
152,323
598,362
754,763		 Expenditure
£
(4,993)
(99,924)
(725,357)
(830,274)		 Transfers
in/out
£
-
1,589
(1,589)
-		 Gains/
(Losses)
£
-
(22,000)
-
(22,000)		 Balance at
31 March
2024
£
31,641
504,207
134,975
670,823

Summary of funds - prior year

Designated funds
General funds
Restricted funds		 Balance at
1 April 2022
£
11,660
1,728
281,805
295,193		 Income
£
6,339
(399,784)
804,289
410,844		 Expenditure
£
(10,381)
(119,289)
(811,033)
(940,703)		 Transfers
in/out
£
24,938
(13,436)
(11,502)
-		 Gains/
(Losses)
£
-
1,003,000
-
1,003,000		 Balance at
31 March
2023
£
32,556
472,219
263,559
768,334

Page 30

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

15. Analysis of net assets between funds

Analysis of net assets between funds - current period
Restricted
funds
2024
Unrestricted
funds
2024
£
£
Current assets
134,975
613,289
Creditors due within one year
-
(77,441)
Total
134,975
535,848
Analysis of net assets between funds - prior period
Restricted
funds
2023
Unrestricted
funds
2023
£
£
Current assets
263,559
588,270
Creditors due within one year
-
(83,495)
Total
263,559
504,775
16.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
£
Net expenditure for the period (as per Statement of Financial Activities)
(75,511)
Adjustments for:
Depreciation charges
-
Bank interest received
(3,116)
Decrease/(increase) in debtors
(42,556)
Increase/(decrease) in creditors
(6,054)
Defined benefit pension scheme cost less contributions payable
(3,000)
Defined benefit pension scheme finance cost / (income)
(21,000)
Defined benefit pension scheme administrative cost
2,000
Net cash provided by/(used in) operating activities
(149,237)		 Total
funds
2024
£
748,264
(77,441)
670,823
Total
funds
2023
£
851,829
(83,495)
768,334
2023
£
(40,859)
3,893
(505)
35,508
38,951
6,000
13,000
2,000
57,988

Page 31

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

17. Analysis of cash and cash equivalents

Cash at bank and in hand
Total cash and cash equivalents		 2024
£
689,967
689,967		 2023
£
836,088
836,088

18. Analysis of changes in net debt

At 1 April At 31 March
2023 Cash flows 2024
£ £ £
Cash at bank 836,088 (146,121) 689,967

19. 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 £12,000 (2023 - £13,000) to the nearest thousand pounds.

Total employee and employer contributions of £1,449 (2023 - £1,810) were payable to the scheme 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, one 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 2022.

As at 29 February 2024, the scheme was pooled with Lincolnshire County Council. Employer contributions to the scheme subsequent to the pooling date (2023 - £579) are accounted for as if the scheme was a defined contribution scheme.

Page 32

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

19. Pension commitments (continued)

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

Discount Rate
Salary Increase Rate
Pension Increase Rate (CPI)
Life expectancy from age 65 (years)
Males retiring today
Males retiring in 20 years
Females retiring today
Females retiring in 20 years		 At 31 March
2024
%
5.10
3.85
2.85
At 31 March
2024
Years
19.5
20.8
22.6
24.1		 At 31 March
2023
%
4.80
3.90
2.90
At 31 March
2023
Years
19.8
21.1
22.9
24.4

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

Equities
Bonds
Property
Cash
Infrastructure
Absolute return fund
Total fair value of assets		 At 31 March
2024
£
-
-
-
-
-
-
-		 At 31 March
2023
£
1,141,000
270,000
154,000
65,000
77,000
335,000
2,042,000

The actual return on scheme assets was £157,000 (2023 - £(48,000)) .

Page 33

(A company limited by guarantee)

ACTIVE LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

19. Pension commitments (continued)

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

Current service cost
Interest income
Interest cost
Administrative expenses
Total amount recognised in the Statement of financial activities		 2024
£
5,000
(89,000)
68,000
2,000
(14,000)		 2023
£
12,000
(52,000)
65,000
2,000
27,000

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
Defined benefit obligation at pooling date
Closing defined benefit obligation		 2024
£
1,553,000
5,000
68,000
2,000
(133,000)
(18,000)
(1,477,000)
-		 2023
£
2,554,000
12,000
65,000
2,000
(1,061,000)
(19,000)
-
1,553,000

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
Fair value of scheme assets at pooling date
Closing fair value of scheme assets		 2024
£
2,042,000
89,000
68,000
8,000
2,000
(18,000)
(2,000)
(2,189,000)
-		 2023
£
2,061,000
52,000
(58,000)
6,000
2,000
(19,000)
(2,000)
-
2,042,000

Page 34

ACTIVE LINCOLNSHIRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Operating lease commitments

At 31 March 2024 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2024 2023
£ £
Not later than 1 year 7,292 7,292

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

2024 2023
£ £
Operating lease rentals 14,583 14,583

21. Related party transactions

Social Change Ltd:

Social Change Ltd is a company in which K Evans, a trustee, is a director and shareholder.

During the year, the charity received net invoices for services provided of £nil (2023 - £26,000). There was no balance outstanding at either year-end.

Page 35