Charity Registration No. 1139561 Company Registration No. 07395235 (England and Wales) NOThINGHAM FOREST COMMUNITY TRUST TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
NOTTINGHAM FOREST COMMUNITY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Karen Frankland - chair Colin Morrell Oonagh Turnbull Nicholas Randall Q.C. Alison Hands Judith Lyons Iqbal Sanghera Chlef executive Graham Moran Chlef operating officer Calum Osborne Secretary Calum Osborne Patrons Sir John Peace John McGovem Sir David Greenaway Charity number 1139561 Company number 07395235 Reglstered and principal office The City Ground Pavilion Road West Brid8ford Nottingham NG2 5FJ Auditor UHY Hacker Young 14 Park Row Nottingham NGI 6GR Bankers Natwest 8ank plc 148-149 Victoria Centre Nottingham NGI 3QT Solicitors Browne Jacobson LLP Mowbray House Castle Meadow Road Nottingham NG2 IW
NOINGHAm FOREST COMMUNITY TRUST CONTENTS Page Trustees. report Statement of trustees, responsibilities Independent auditorfs report 9-12 Statement of financlal activities 13 Balance sheet 14 Statement of cash flows 15 Notes to the accounts 16-29
NOThINGHAM FOREST COMMUNITY TRUST TRUSTEE5' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees are pleased to present their report and accounts for the year ended 31 December 2020. The accounts have been prepared in accordance with the accountin8 policies set out in note I to the accounts and comply with the charitrfs memorandum and articles of association, the Charities Act 2011. the Companies Act 2011. the second edition of the Charities Statement of Recommended Practice issued In October 2019, and the Financial Reporting Standard applicable in the United Kin8dom and Republic of Ireland (FRS 102). Structure. governance and mana8ement The charity is a company limited by guarantee. incorporated on 4 October 2010 and registered th as a charity on 29 December 2010. The trustees, who are also the directors for the purpose of company law. who served during the year and since the year end were.. Karen Frankland Colin Morrell Oonagh Turnbull Nicholas Randall Q.C. Alison Hands Judith Lyons Iqbal Sanghera None of the trustees have any beneficial interest in the company. All trustees are member5 of the companyand guarantee to contribute £10 each in the eventof a winding up. In accordance with the articles of association Karen Frankland and Alison Hands retire by rotation and offer themselves for reappointment. The chariVs articles of association require that a trustee appointed by a resolution of the other trustees must retire at the next annual general meeting. In addition, at every annual general meeting one third of the trustees, or the number nearest to one third. must retire from office. The trustees to retire by rotation are those who have been longest in office since their last appointment. Trustees are given an appropriate level of induction and training. This Is dependent on the individual's requirements and knowledge of the charivs activities. All trustees are reminded of their statutory obligations and given appropriate guidance and training on their responsibilities as trustees. The trustees have the objective of seeking to develop a board with appropriate skills, experience and diversity representatlve of the issues and areas in which the
NOThINGHAM FORESTCOMMUNITYTRUST charity operate5. Any such changes to the board will continue over time but all appointments will be based on merit. As part of their regular review of the board's skills and experience, the trustees appoint number of advisors to the board. Board advisors bring distinctive knowledge on different a5pect5 of the charity's operations to complement the existing trustees. Board advisors are not trustees and have no responsibilities as such. During the period the follow•ng have served as board advisors= ecialist area Health Equalities education and Professional Footballers Association representative Sport and Leisure management Sir David Nicholson Jason Lee Sarah Retzlaff The charity is privileged to be supported by a number of patrons. Patrons add prestige and lend credibility to an organisation and the board would like to place on record their appreciation of the support they receive from our current patrons.. Sir John Peace Sir David Greenaway John McGovern The board meets five times a year. During 2020 the finance committee met bi-monthly to consider the management accounts and the remuneration committee met once to review the staff pay and conditions and to ensure that all salaries are fair. benchmarked and proportionate with the complexity of each role. The Trust also has a Governance. Compliance and People committee and an Innovation, Impact, Equality, Diversity and Inclusion committee which ensure the Trust is continually looking at ways of making a greater impact in the communities where we work and developing new ideas in line with the charitws objectives that rnake a lasting impart and create long term value. The board approve5 the membership of and terms of reference for all committees. The chief executive has delegated authority over operational matter5 and the terms of delegation are reviewed and approved annually by trustees. Under the memorandum and articles of association, the charity has the power to make any investment which the twstees see fit. The trustees have developed a comprehensive business risk register which is reviewed at least quarterly. The trustees are satisfied that system5 are in place to mitigate exposure to the major risks. External risks to fundin8 have led to the development of a strategic plan which will allow for diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality
NOTTINGHAM FOREST COMMUNITY TRUST of delivery for all operational aspects of the charitable company. Given the nature of the charity's activities, including working with many young people, great ernphasis is placed on the quality of the charitVs recruitment, employment, trainin& health and safety and safeguardin8 policies and procedures. One of the trustees has specific responsibility for overseeing the charivs safeguarding policy and procedures and reports to the board at every meeting. These procedures are periodically reviewed to ensure that they meet the needs of the charity. Nottingham Forest Community Trust has now mapped its governance processes against the Charity Govemance Code. and is usingthe Codeto SUPPOrtcontinuous improvement. TheTrust measures its progress against the Code by using the seven principles included within the Code to inform the work of the Board. Key management personnel remuneration The trustees consider key management personnel to consist of the board of trustees. the chief executive and senior management personnel who report to the board of trustees. All trustees give their time freely and no trnstee remuneration was paid in the year. Details of trustee expenses and related party transaction5 are disclosed in notes 8 and 15 to the accounts. Trustees are required to disclose all relevant interests and register them with the chief executive and in accordance with the Trust's policy withdraw from decisions where a conflict of interest arises. The pay of the senior management personnel is reviewed annually and normally increased in accordance with average earnings and set at market rates. remuneration is also bench-marked with charities of a similar size and artivity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles. Objectives and activities Nottingham Forest Community Trust delivers high quality football, physical activity and education programmes to people of all ages and abilities in Nottingham and across the county. Other charitable seNces may be delivered at the ab501ute discretion of the trustees as they see fit. The charity's main objectives and activities are: Improving levels of health, fitness and wellbeing. Developing recreational and competitive football opportunities at all levels. Enga8ing people from all communities and backgrounds in socially inclusive activitv. Driving up the participation in sport and physical activity. Improving academic attainment. Achlevements The charity has grown significantly since its launch in October 2010, including both the range and diversity of programmes delivered and the development of a highly skilled. experienced and qualified workforce.
NOTnNGHAM FOREST COMMUNITYTRUST The trustees are particularly delighted with the excellent relationship which has developed wlth the owners of Nottingham Forest Football Club. In particular the trustees would like to again thank the football club for the very generous donation in the year of £78.570. During the year we have signed a new service level agreement with the football club which includes a number of exciting joint initiatives aimed at some of the most disadvantaged members of society. In 2020 the Covid pandemic had a significant impart on many of our programmes, but we are delighted to have still achieved high levels of performance operationally. A number of Covid related specific initiatives were also undertaken. The highlights of the year were: Young people engaged in outdoor Covid safe football - 224 sessions, 672 hours of delivery and 1,854 participants. Young people engaged in Violence Reduction programmes- 120 sessions. 480 hours of delivery. 140 participants. Primary school sessions- 100 sessions, 480 hours of provision, 3,025 children participatin& 41 teachers participated in on-line training. Tricky to Talk mental wellbeing programme- 33 sessions delivered. 99 hours of delivery, 11 participants, 20 on-line sessions delivered. Community support I Covid-19 specificl- 256 hours of delivery. 160.000 food and essential household products procured and delivered to local charities. 140,IXIO items of essential PPE equipment delivered to NHS medical centres & CareHomes. 1,000 tennis rackets procured and delivered to local families to encourage healthy exercise. 150 Forest Forces veterans supported via phone calls and socially distanced visits. Post 16 Education courses- 840 hours of delivery, 140 sessbons. 60 students participating Oream Big programme- 109 Primary schools participated. 31,595 pupils engaged in the programme Forest Soccer Schools- 50 days. 350 hours of delivery, 1,000 boys and girls taken part. Summary Total hours of community support programmes 33.286. total number of sessions delivered 799, total number of participants 39,985, total number of PPE. food. household items procured and delivered 301.000. Publlc benefit statement The acti¥yties that the charity has undertaken to further its charitable purposes for the public benefit are stated within the objectives and activities of the charity. The trustees consider that they have complied with their duties under section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission.
NOTTINGHAM FOREST COMMUNITYTRUST Flnanclal review The Charity has been impacted both financially and operationally by the Covid pandemic since the first lockdown was enforced in March 2020. The effect on the Charity's income generation has been as follows: During lockdown periods there was a complete loss of income from delivery programmes where fees are received from participants attendin8 face to face coaching sessions. The Forest Sports Zone facility was closed to all or significantly all activities during lockdown periods. Other pro8rammes were affected to varying degrees but the Charity have taken a positive and pro-artive approach to the changes required to continue delivery of existing programmes and have adapted the methods of delivery to meet the guidelines set out by the Government. Additionally. the Charity has taken on the delivery of new services that have supported the changing priorities of our local community during the COVID-19 period, and we are very pleased that this has been 5UPPOrted by our funders. The financial impact of the pandemic has been mitigated by the grants received from the Government and the furlough scheme with up to 52% of the Charitvs staff having been furloughed. Additionally, the business interruption insurance poliry the Charity has in place covered the1055 of income from the Forest Sports Zone facility for part of the year. The highlights of the year were as follows: The charity made an overall surplus of £168,181 (2019: deficit of £16.200) Our total income for the year was El.293.58612019'. £1,210,277). The Forest Sports Zone recorded income in the year of £193.66312019- £217.806) and a8ain made a small surplus. Our education programmes had a stable year with continued success in our BTEC programmes and strong participation again in our Premier League Primary Stars offer. Our inclusion programmes showed good growth overall, in particular building on the Police and Crime Commissioner programmes. There has once again been a very positive relationship with Nottingham Forest Football Club and we were verygrateful forthe generous donations which amongst otherthings, enable us to deliverthe hu8ely popular and successful Dream Big pro8ramme to primary schools across the county. We were awarded a donation of £l(K>.000 by Barclays Bank PIC to support our local communities throughout the 2020 Covid-19 emergency period. This allowed us to deliver a wide range of projects including the provision of food and physical activity to those in the greatest need, the delivery of personal protectlon equipment to Nottingham's NHS medical centres and to support learning for the children of essential care workers.
NOThINGHAM FOREST COMMUNITY TRUST Participant funded and football development programmes both saw decreases in the vear as they were significantly impacted by Covid restrictions as indicated above. There was also less Premier League funding going into these categories but a stable level of Premier League fundlng overall. In 2020, the charity exceeded the level of unrestricted reserves required by its minimum reserves policy. At the end of the year the board agreed to designate £138.815 of the unrestricted reserves towards expanding areas within the charity including innovation, marketin& infrastructure, football development in primary schools and capital investment. Future Outlook The ongoing uncertainties resulting from the Covid pandemic remain a continuing challenge and the Board regularly reassesses the likely impact on the Charitrfs operations and finances. While the Charitws funders have remained supportive during the Covid period there are likely to be some changes in levels of funding in the short to medium term which may result in a loss of revenue. Equallythere are also a number of newopportunities forthe Charity to be involved with and additional resources have been made available to ensure that the most is made of these. We have agreed a new apprenticeship progiamme opportunity for 14-16 year olds which is receiving significant investment from Nottingham based Tech company Ideagen. This schools- based initiative will develop over a 5-year period and provide exciting opportunities for long term large scale 5UStainable employment in the Tech industryfor young people. The Charity is in a strong financial position at the end of 2020 and by remaining proactive and flexible will be in a good position to deal with the challenges it faces and will strive to continue to achieve maximum impact in the local communtties where we work. Reserves polity It is the policy of the charity that unrestricted funds. which have not been designated for a specific use, should be maintained at a level equivalent to a half of annual recurring expenditure. The trustees consider that reserves at this level will ensure that, in the event of significant drop in funding, they will be able to continue the charity's current activities while consideration is also given to ways in which additional funds can be raised. Unrestricted f unds per note 17 at 31 December 2020 are £563,799 and our estimate of 6 months recurring expenditure is £329,325. The board are pleased to report that the charity maintained its minimum level of reserves throughout 2020. There is £171,315 in a designated fund to expand areas within the charity including innovation. marketing, infrastructure, football development in primary schools and capital investment (see note 17). When setting the reserves policy for unrestricted funds the trustees are mindful of the fact that some restricted activities require the use of unrestricted funds in the short term. Funding for
NOTTINGHAM FOREST COMMUNITY TRUST restricted activities is sometimes received after the activity has been completed and expenditure will initially have been met from unrestricted funds. Asset cover for funds Note 18 sets out an analysis of the asset5 attributable to the various funds and a description of the funds is set out in note 1.2. These assets are sufficient to meet the charity's obligations on a fund byfund basis. Disclosure of inforniatlon to auditor Each of the directors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information. In preparing this report, the directors have taken advantage of the small companies. exemptions provided by section 415A of the Companies Act 2006. Finally, we would like to fornially thank all our funders for their continuing support and our staff for their dedication and hard work during the year. Approved by the Board of Trustees and signed on its behalf by K Frankland, Trustee and chair Dated: 24 September 2021
NOTTINGHAM FOREST COMMUNITY TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also directors of Nottingham Forest Community Trust for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Prarticel. Company law requires the trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affair5 of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2015 IFRS 1021; make judgements and accounting estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for takin8 reasonable step5 for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware-. there is no relevant audit information of which the charitable companrfs auditor is unaware,. and the tru5tee5 have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
NOTTINGHAM FOREST COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF NOTTINGHAM FOREST COMMUNITY TRUST We have audited the financial statements of Nottingham Forest Community Trust (the 'charitable companW) for the year ended 31 December 2020 which comprise the Statement of Financial Artivities including Income and Expenditure Account, the Balance Sheet. the Statement of Cash Flows and notes to the financial statements. 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 Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable companvs affairs as at 31 December 2020. and of Its incoming resources and application of resources, including its income and expenditure, forthe year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UKI11SAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng 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 statement 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 companws 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.
NOThINGHAM FOREST COMMUNITY TRUST Other infomiatlon The trustees are responsible for the other information. The other information comprise5 the information included in the trustees. annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the financial Statements does not coverthe other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connertion 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 mi55tatement of this Other infoTmation. we are required to report that fact. We have nothing to report in this regard. Opinion on other matter5 prescribed by the Companies Att 2006 In our opinion based on the work undertaken in the course of the audit.. the information given in the Trustees. Annual Report for the financial year for which the financial statements are prepared is consistent with the financial Statements; and the Trustees Annual Report has been prepared in accordan with applicable legal requirements. Matters on whlch we are required tt> report by exception In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit. we have not identified material mi55tatements in the Trustees Annual Report. We have nothing to report in respect of the following matters where the Companie5 Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting record5 and return5; or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we Yequire for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small companies regimeand take advantageof the small companies exemption in preparing the directors. report and take advantage of the small companie5 exemption from the requirement to prepare a strategic report. io
NOThINGHAM FOREST COMMUNITYTRUST Responsibilities of trustees As explained more fully in the Tru5tees' Re5pon5ibilities Statement set out on page 8, the trustee5 Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they 8ive a true and fair view. and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from materlal misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the company's ability to continue a5 a going concern, disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Auditorfs responslbllitles for the audlt of the financlal statements Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditorfs 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 onsidered material if, individually or in the aggregate. they could reasonably be expetted to influence the economic decisions of users taken on the basis of these financial statements Irregularities. induding fraud. are instances of non-compliance with law5 and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, includin8 fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. Based on our understanding of the charitable company and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the charitable company. which were contrary to applicable laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to inflated revenue and the charitable compan)Ks net income for the year. Audit procedures perforrned included: review of the financial statement disc105ures to underlying supporting documentation, review of correspondence with and reports to the regulators, including correspondence with the Charity Commission. review of correspondence with legal advisors. enouiries of management. and testing of journals and evaluating whether li
NOTTINGHAM FOREST COMMUNITYTRUST there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements. the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations. or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at= htlpJlw.fT¢.Org.ukJaud11OTsreSPQnsIblI11Ies. This description forms part of our auditorfs report. Use of our report This report is made solely to the charitable companrfs 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 mi8ht State to the charitable company's members those matters we are required to state to them in an auditorfs 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 the charitable company's members as a body. for our audit work. for this report. or for the opinions we have formed. 27 September 2021 Roger Merchant (Senior Statutory Auditor) For and on behalf of UHY Hacker Young LLP, Statutory Auditor 14 Park Row Nottingham NGI 6GR 12
NOTTINGHAM FOREST COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR TO 310ECEMBER 2020 Unrestricted Restrirted funds funds Total 2020 Total 2019 Notes Incomln resources from enerated funds Donations and legaoes Charitable activities Investment income Other income Total incoming resources 178.915 499,796 3.235 93.605 775,551 178,915 249,014 494.172 993,968 934,079 3,235 7.280 23.863 117,468 19,904 518,035 1.293.586 1,210,277 Resources ex ended Charitable activities Activities within the community Support costs Total resources expended 559.860 507.112 1.066.972 1,165,553 39.347 599.207 19.086 58.433 60,924 526.198 1.125.405 1,226,477 Net Ideficit)/surplus for the year before transfers Transfers between funds Net {deficit)/surplus for the year 176.344 (8.163) 168,181 116,2001 17 {8.973) 167.371 8.973 810 168.181 116,2001 Net movement In funds Fund balances at l January 2020 Fund balances at 31 December 2020 567.743 17,683 585,426 601.626 735,114 18.493 753,607 585.426 The statement of financial activities also complies With the requirements for an income and expenditure account under the Companies Act 2006. 13
NOThINGHAM FORESTCOMMUNITYTRUST BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Notes Fixed assets Tangible assets io 14,637 22,679 Current assets Debtors Cash at bank and in hand li 294,009 948.317 1,242,326 312,484 549,844 862.328 Creditors: amounts falling due within one year 12 (347,939) {189.1641 Net current assets 894,387 673.164 Total assets less current liabilities 909,024 695,843 Provisions for liabilitie5 14 1155,417) 1110.417} Net assets 753.607 585,426 Income funds Unrestricted funds Restricted funds 17 17 735,114 18,493 753,fA17 567.743 17.683 585,426 The financial statements have been prepared in accordance with the special provisions relating to companies subject to the srnall companies, regime within Part 15 of the CompaniesAct 2006 and in accordance with the Financtal Reporting Standard 102 (effective January 20151. The notes on pages 16to 29 form part ofthefinancial statements. The accounts were approved and authorised for issue by the board on 24 September 2021. K Frankland Trustee and chair I Sanghera Trustee Company Registration No. 07395235 14
NOTTINGHAM FOREST COMMUNITY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR TO 31 DECEMBER 2020 Notes 2020 2019 Cash flows from operatlns activitles 19 395,238 1138,030) Cash flows Irom investing activities Payments to acquire tangible fixed assets Interest received {8.9111 7,280 3.235 Net cash Ilows from investing artivltles 3,235 11,6311 Net (decrease) / Increase In cash and cash equivalents 398.473 {139.6611 Cash and cash equivalents bought forward Cash and cash equivalents carried forward 549,844 948,317 689.505 549,844 Cash and cash equivalents conslsts of: Cash at bank and in hand Short term deposits Cash and cash equivalents at 31 December 2020 594,117 354,200 948,317 198,818 351,026 549,844 15
NOTTINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 l. Accountln8 pollcles 1.1. General inforrnatlon and basls of preparation Nottlngham Forest Community Trust is a charitable company limited by guarantee registered in England & Wales. The address of the registered office is given in the legal and administrative information in these financial statement5. The nature of the charity's operations and principal activities are to deliver high quality football, physical activity and education programmes to people of all ages and abilities in Nottingham and across the countv. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United K•ngdom and Republic of Ireland (FRS 102} and the Charities Act 2011. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 1.2. Fund5 Unrestritted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been desi8nated for other purposes. 16
NOTTINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2020 1.2. Funds (contlnuedl Desi8nated 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 re5triction5 imposed by donors or which have been raised by the charity for particular purposes. The cost 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. 1.3. Income recognition Items of income are recognised and included in the accountswhen all of the following criteria are met: The charity has entitlement to the fvnds: any performance conditions attached to the item{5} of income have been met or are fully within the control of the charity- there is Sufficient certainty that receipt of the income is considered probable,. and the amount can be measured reliably. Incomin8 resources accounted for on an accruals basis and shown in the Statement of Financial Artivities represent amounts receivable in relation to grant fundin& donations. education programmes, coaching fees and facility hire. Grants receivable in respect of capital expenditure are credited to capital funds and amortised through the statement of financial activities over the expected useful economic lives of the relevant assets. Grants of a revenue nature are credited to income in the year for which they are receivable, provided that the obligations under the grant agreement have been fulfilled. Where income is received in advance of performance. its recognition is deferred and included in creditors until the contract is performed. 17
NOThINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 1.4. Expendtture All expenditure is accounted for on the accruals basi5. In particular, the cost5 of charitable activities represent all costs of the charity less those apportioned to support costs. Costs are apportioned to projects based on time allocation or income. Support costs include the costs of governance arrangements which relate to the general running of the charity as opposed to the direct management functions inherent in generating funds, servtce delivery and project work. 1.5. Tangible flxed assets and depreclatlon Tangible fixed assets are stated at cost le55 depreciation. Depreciation is provided at annual rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. as follows= Office Equipment 10%- 25% straight line 1.6. Donated servi5 The charity does not include donated services and facilities in the statement of financial activities as the charity is unable to reasonably quantify or measure the value of these services. 1.7. Operating leases Renta15 under operating leases are charged to the statement of financial activities on a straight line basis over the lease term. 1.8. Taxation Taxation has not been provided on the surplusfor the year on the groundsthat Part 11 of the Corporation Tax Art 2010 applies (tax exemption for charitable companies). By virtue of the same section, income tax deducted from investment income received has been treated as recoverable. 1.9. Employee benefits The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. 18
NOTTINGHAM FOREST COMMUNITYTRUST NOTES TOTHE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 2. Income from donations and legacies 2020 2019 Donation from Nottingham Forest Football Club Other donations 78.570 229,935 100.345 19,079 178.915 249.014 Total £178,915 {2019-. £249,014) of the above income was attributable to unrestricted funds. 3. Income from chariL7ble activltles Included within income relating to activities Within the community are the following: 2020 2019 Participant funded football programmes Education programmes Inclusion programmes Football development programmes Facility hire 15,246 352,590 352.671 79,798 193,663 993.968 44,317 359,983 220,597 91,376 217,806 934.079 Income from charitable activities was £993,96812019.. £934,079) of which £494,17212019: £383,054) was attributable to restricted funds and £499.796 12019: £551,025) was attributable to unrestricted funds. Facility hire income includes £52.000 12019: £nil) received from the Forest Sports Zone Business Interruption Insurance policy due to the losure of the facility during the first COVID lockdown. 4. Investment Income and other Income 2020 2019 Investment Income Interest receivable Other Income Government grants Vending machine sale5 3,235 7,280 109.761 7,707 117.468 19,904 27,184 Government grants relates to Coronavirus support grants available from the government. £23,86312019'. £nill of the above income was attributable to restricted funds. £93,605 (2019: £27,184} of the above income was attributable to unrestricted fvnds. 19
NOINGHAm FOREST COMMUNITYTRUST NOTESTOTHE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 5. Total resources expended Staff costs Other costs Total 2020 Total 2019 Charitable activities Artivities undertaken directly Note 9 Notes 6.7 690.258 376,714 1,066,972 1.165,553 Support costs 58,433 58,433 60,924 435,147 1.125.405 1,226,477 690.258 £526.198 (2019.. £430,940) of the above costs were attributable to restricted funds. £599,20712019: £795,537) of the above costs were attributable to unrestrirted funds. Auditorfs remuneration 2020 2019 Fees payable to the auditor for the audit of the charit5 annual accounts 5.610 5,250 6. Artivities undertaken directly 2020 2019 Other costs relating to activities within the community comprise: Rental of facilities Third party delivery staff Kit & equipment Administrative costs 16,504 148,331 17,789 27.481 64,786 52.528 fil 18,403 25,895 39,180 8,042 32,527 13.028 45,000 12,015 16,100 39.977 52.165 7,816 41,907 19.671 25.OLN) 32,107 Marketing costs Travel costs Depreciation Utility costs Vending machine cost5 Replacement of artificial pitch surface Maintenance costs 376,714 379,538 £162,052 {2019'. £133,267) of the above costs were attributable to restricted funds. £214,66212019.' £246.2711 of the above costs were attributable to unrestricted funds. 20
NOTTINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 7. Support costs 2020 2019 other support costs comprise: Training Legal and professional fees Accountancy fees Audit fees Finance charges Sundries 1,305 24,450 16.331 5.610 7.059 19,840 17.116 5,250 4,230 7.428 60,924 8,289 58.433 £19,086 (2019: £18,571) of the above costs were attributable to restricted funds. £39.347 (2019: £42,353) of the above costs were attributable to unrestricted funds. 8. Trustee5' and key management personnel remuneration and expenses Key management The total amount of employee benefits received by key management personnel is £200.162 (2019: £225,866}. The Trust considers its key management personnel comprise the Chief Executive Officer. the Chief Operating Officer. the Head of Operations and the Head of Finance. Trustees. remuneration. benefits and relmbursed expenses Ouring the year. none of the Trustees received any remuneration. benefits in kind or were reimbursed any expenses. 21
NOThINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 9. Employment costs 2020 2019 Wages and salaries Social security costs Defined contribution pension costs 625,667 49.541 15,050 690,258 719.376 51,623 15,016 786,015 There wasone employee whose annual remuneration fell within the £70.LKII-£80,LKIO band 12019.. One employee in the £70,001-£80,LY)O band). The average numberof employees dur•ng the year was 4112019.. 43). 10. Tanglble fixed assets Office equipment Total Cost At l January 2020 Additions At 31 Decefflber 2020 41,789 41,789 41,789 41.789 Depreclatlon At l January 2020 Charge for the period At 31 December 2010 19.110 8.042 27.152 19,110 8.042 Z7.152 Net book value At 31 December 2020 14.637 14,637 At 31 December 2019 22,679 22,679 22
NOTTINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 11. Debtors 2020 2019 Trade debtors Accrued income Other debtors 3.051 287.801 3.157 294,009 25,179 282,289 5,016 312.484 Included within accrued income are amounts due in over one year of £nil {2019: £75,000). 12. Credltors: amounts fallln8 due wlthln one year 2020 2019 Trade creditors Payroll creditor Accruals Deferred income (note 13) 69.736 18.018 26.638 233.547 347.939 12,254 11,734 61,915 103,261 189.164 13. Deferred income As at l Released Deferred Asat31 January inthe in the December 2020 vear year 2020 Deferred income 103.261 {103.261} 233.547 103,261 1103,261} 233,547 233,547 233,547 Income has been deferred where there are performance-related conditions that have not been met at the balance sheet date. 23
NOINGHAm FORESTCOMMUNITY TRUST NOTESTO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 14. Provisions for liabllltles As at l Released Charged Asat31 January inthe in the December 2020 year year 2020 Provision for replacement of artificial pitch surface 110,417 110.417 45,000 45,OIXI 155,417 155,417 Under the management agreement forthe operation of the Forest Sports Zone the charity has an obligation to keep the artificial grass pitch surface in good repair over a 21 year period commencing in July 2015. The amount provided is based on the estimated c05t of replacing the surface, spread across its life expertancy of approximately 8 years. 15. Related parties The trustees consider that Nottingham Forest Football Club Ltd 1.the football club-l is a related party of the charity by virtue of its significant influence. The charity receives significantfinancial support from the football club along with extensive operationa resources and access to facilities at the City Ground Stadium at no cost to the charity. The club allow the charity use of the Nottingham Forest brand and presence on the official club website. The charity delivers major community engagement programmes across Nottingham and Nottinghamshire at no cost to the club and creates a positive profile for the club acr055 professional football nationally. regionally. and locally that leads to partnerships with private. public and third sector organisations helpin8 the club and Trust deliver their aims and objectives. The trustees feel they are unable to reasonably quantify or measure the value of the services received or provided. so they have not been recorded in the financial statements. There isa net balance owingfrom the football club at 31 December 2020 of £165,CQO {2019: owing from the football club £258.878). The charity has not prowded services to any companies {2019: no companies} in which trustees have an interest. 24
NOTTINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 16. Operatlng lease arran8ements Total future minimum lease payments due under non-cancellable operating leases are as follows: Expiry date: 2020 2019 Within one year Between two and five years 8.686 11.484 20.170 20,552 6,933 27.486 17. Reconciliation of funds Reconciliation of funds- current year Unrestricted funds Asatl January 2020 Income Outgolng Transfers funds Asat31 December 2020 Unrestricted Oesignated A 517.743 50.000 567,743 775,551 {581,707) 1147,7881 (17.5001 138,815 775.551 1599.207) 18.973) 563,799 171.315 735.114 Restricted funds Asatl January zozo Income Outgoing Transfers funds Asat31 December 2020 PL Kicks PL Primary Stars PL Core PL Targeted Regional Talent Club Forest Forces Knife Crime Street Games Tackling Loneliness Together Active through Football 132,221 1137,0881 125.920 (125.9061 32,51)0 129,459} 29.893 128.533) 33,153 137,259} 6.100 9,500 112.ICK)} 4,889 135.950 (134.9291 6,694 2,231 18,925) 12.000 112.000) 4,867 14 3,041 1,360 4,106 3,5CM) 5,910 4.667 17,683 518,035 {526.198} 4,667 18.493 8.973 25
NOTTINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 17. Reconciliation of funds (continued) Reconciliation of fund5- prior year Unrestricted funds Asatl January 2019 Income Outgoing Transfers funds Asat31 December 2019 Unrestricted Designated A Designated B 483,418 50.0(X) 30.OCrf) 563,418 827,223 1755.308} 137.5911 (10.230) 10,230 {30,0001 1795,5381 (27,361} 517,743 50,000 827,223 567,743 Restricted funds Asatl January 2019 Income Outgoing Transfers funds Asat31 December 2019 PL Kicks PL Girls PL Primary Stars PL Core PL Improvement Fund Regional Talent Club Forest Forces Off the Bench Knife Crime Street Games 116,971 1128,830) 11,859 16.667 {17.3981 731 115.424 1118,464) 2,597 10.832 110,8941 62 (8.7061 18,055) 150.5331 20,167 116,0041 (5,0001 175,1111 443 16,761 30.366 6,100 16,004 5,(KlO 6.1(Kl 80,000 6.694 38,208 383,054 (430.9401 4.889 6,694 17,683 27.361 Fund descriptions a) Unrestricted funds Unrestricted funds represent the free fund5 of the charity. 26
NOTTINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 17. Reconcillation of funds Icontlnued) b} Designated Funds Designated A has been set-aside by the trustees to fund research and pilot programmes for innovative income generating activities or ways of working. Spend of £17,500 has been incurred in 2020 and this has been increased by £138.815 in 2020 to a total of £171,315 which will be spenton expandingtheTrickytoTalk mental health programme, and expanding areas within the charity such as market•n& infrastructure, football development in primary schools and capital investment. Designated B was a fund set- aside by the trustees in 2019 for the charity to match fund a Premier League Kick5 programme. c) Restrirted funds PL Kicks Premier League Kicks offers children and young people aged 8-18 years of age the opportunity to realise their potential through 5POrt. A wide range of multi-sport activity is delivered including football. table tennis. handball and boxing. In 2020, the Trust invested £4,867 (2019: £11,859) of its own reserves into the PL Kicks programme. PL Girls Premier League Girls offers girls aged 13-16 the opportunity totryfootball for the first tirne and improve the skills of those already playing either informally or competitively. PL Primary Stsrs Premier League Primary Stars offers primary schools the opportunity to increase the levels and quality of physical education for their pupils. using experienced and qualified community trust coaches to deliver regular coaching sessions. PL Core Funding The Premier League Charitable Fund provide annual investment (Core Funding) to support the infrastructure of the Trust in order to deliver pro8rammes that receive funding from the Premier League and that meet its aims and objectives. PL Targeted PL Targeted ts funding from the Premier league and is an intervention designed to work with young people who are identified as being. or at risk of becoming. perpetrators or victims of youth violence. Forest Forces Funded by the Armed Forces Covenant Fund. Forest Forces supports Nottinghamshlre's veterans to lead a healthier and more connected life. 27
NOINGHAm FORESTCOMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 17. Reconclliation of funds (continued) c} Restricted fund5 (continued) PL Improvement Fund The Premier League Improvement Fund provides investment intothe Trust in orderto build stronger and more sustainable infrastructure. This includes the installation of secure IT services, improved workspaces and financial systems. The transfer in the previous year is the value of tangible fixed assets which have been purchased from the PL Improvement restricted fund donation but are held for a Eeneral not a restricted purpose. Regional Talent aub The Nottingham Forest Girls Region Talent Club IRTC} is an enhanced football programme for UIO - U16 female players. It allows female players identified as having elite potential the opportunity to access appropiiate levels of coaching and support through the 'FA Girls, England talent pathway. In 2020. the Trust invested £4.10612019.. £20.1671 of its own reserves into the RTC programme. Knife Crlme Funded by the Police and Crime Commissioner. the Knife Crime delivery involves creating central hub for the delivery of sports activity and workshops which involved young people already in the justice system. The workshops focussed on the consequences of knife crime, positive mental health. avoiding conflict and building relationships. Off the Benth Funded by Small Steps Big Changes, Off the Bench supports and engages new or expectant fathers to play an active role in their child's development through tips, tricks and advice on communication, confidence. emotionslbehaviour and eating well and keepin8 healthy. Street Games A programme of youth outreach work targeting young people who are at risk of or who are involved in violence or criminality. Thi5 involves one -to -one sessions with Trust coaches who aim to progress individuals into positive activity and behaviours through a range of physical activity and mentoring. Tackling Loneliness Together Tackling lonelinessTogether isfunded bythe EFL and is a project aimed at connecting more older people at risk of Loneliness. Active through Football Active through Football is a new programme funded by Sports England aimed at encouraging people who do not currently play football to get involved for the first time. Our project focuses on young females and young mothers and encourages families to participate in football activity together. 28
NOTTINGHAM FORESTCOMMUNITYTRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENOED 310ECEMBER 2020 18. Analysis of net assets between funds Unrestrlrted Deslgnated Restricted funds fvnd5 funds Total Tangible fixed assets Cash and cash equivalent5 Other current assets/liabilities Provisions 14.637 665.294 178,1(K) {155.417} 702.614 14,637 250.523 948.317 {232,030) (53,930) 1155.417) 18.493 753.607 32.5CM) 32.5 19. Reconciliation of net income l (expenditure) to net cash flows from operatlng artlvltles 2020 2019 Net Income for year 168.181 116,200} Interest receivable Depreciation of fixed assets Post-employment benefits less payments Provisions less payments Decrease / lincreasel in debtors Increase / (decrease} in creditors {3.235} 8.042 16.757) 45,IMI 18,475 165,532 17,2801 7,816 18,5951 25.000 1128,8981 19.8731 Net cash flows from operating activities 395.238 1138,0301 20. Penslons and other post-retlfement beneffts The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £15,050 {2019: £15,016). £2,615 {2019: £2,472) of the defined contribution liability was attributable to restricted funds. £12,43512019: £12,544) of the defined contribution liability was attributable to unrestricted funds. 29