2021-06-30-accounts

Reference and Administrative Details.
Trustees' Report	2 to 6
Trustees' responsibilities in relation to the financial statements.
Independent examiner's report.
Statement offinancial activities. .
Balance Sheet.	10
Statement ofcash flows.
Notes to the financial statements.	12to 23

Charity name	Charity name				Sharks Community		Trust	(defined	(defined	term "the Trust", "the Charity" )
Charity registration			number		1142956
Company	registration			number	07461043
Principal office					Sharks High Performance			Training		Centre
					31 Carrington Lane
					Carrington
					Manchester
					M31 4AB
Registered	office				Sharks High Performance			Training		Centre
					31 Carrington Lane
					Carrington
					Manchester
					M31 4AB
Trustees					Mr Philip Bramhall	(Resigned 28/9/20)
					Mr James Jennings
					Mr Robert Briers
					Mr Peter Rhodes
					Mr John Greaves
					Mrs Michelle Orange
					Mr Jonathan Acheson (Resigned					23/06/21)
					Ms Sarah Perris
					Mrs Natasha Hanson (Appointed				02/01/21)
					Mrs Katherine Read		(Appointed		03/02/21)
					Mr Sid Sutton (Appointed			23/06/21)
Secretary					Mrs Alison Warwood
Accountant					Hallidays
					Riverside House
					Kings Reach Business Park
					Yew Street
					Stockport
					SK4 2HD
Key Management		Personnel			Mrs Alison Warwood		(Chief Executive Officer)
					Miss Vicky Irwin
					Mr Des Howlett
					Mr Jack Leech

			Unrestricted	Designated	Restricted	Funds	Total	Total Funds
			Funds	Funds			Funds	2020
							2021
		Note
Income and
endowments	from
Donations and	legacies	2	104,936			126,244	231,180	242,775
Charitable activities:
Educational			307,890				307,890	264,054
Trading			75,179				75,179	75,177
Programmes			86,286				86,286	213,687
Bank Interest			1,702				1,702	3,232
Total income			575,993			126,244	702,237	798,925
Expenditure on
Raising Funds			35,865				35,865	39,955
Charitable activities			533,221			140,341	673,562	788,067
Total expenditure			569,086			140,341	709,427	828,022
Net income before			6,907		(14,097)		(7,190)	(29,097)
other recognised
gains and losses
Transfers between			(122,000)	122,000
funds
Net movements	in		(115,093)	122,000	(14,097)		(7,190)	(29,097)
funds
Reconciliation	of
funds
Total funds brought			544,289			16,656	560,945	590042
forward
Total funds carried			429,196	122,000		2,559	553,755	560,945
forward

				2021			2020
Fixed assets		Note
Tangible assets		10			16841			25343
Current assets
Debtors			58,673			130,902
Cash at bank and in	hand		602,008			439,121
			660,681			570,023
Creditors: Amounts due within one year	falling	12	~123767			(34,421)
Net current assets					536,914			535,602
Net assets					553,755			560,945
The funds ofthe Charity:
Restricted funds
Restricted Income Funds		17	2,559			16,656
Unrestricted funds
Unrestricted income funds		17	429,196			544,289
Designated income funds		17	122000
Total charity funds					553,755			560,945

							Note	Total Funds	Prior Year
								2021	2020
								g	g
Net cash activities		generated	from	operating			20	165,268	(37,387)
Cash flows from investing				activities
Purchase		oftangible	fixed assets					(2,381)	(3,768)
Proceeds		on sales of	fixed	assets					1,572
Net cash		(expected)	Iprovided by					162,887	(39,583)
investing		activities
Change the year	in cash and		cash	equivalents		in		162,887	(39,583)
Cash and		cash equivalents		brought	forward			439,121	478,704
Cash and forward		cash equivalents		carried				602,008	439,121

		Unrestricted	Restricted	Total	Total Funds
		Funds	Funds	Funds 2021	2020
			E	F
Donations		104,936	54,497	159,433	143,213
Grants					17,500
Government	Grants		71,747	71,747	82,062
		104,936	126,244	231,180	242,775

		Raising	Trading	Programmes	Programmes	Educational	Total	Total
		Funds			E		2021	2020
							E
Direct Costs			16,941		154,130	330,386	501,457	638,594
Support	Costs	35,865	22,265		53,868	95,972	207,970	189,428
		35,865	39,206		207,998	426,358	709,427	828,022
Analysis	ofSupport	costs
	Raising Fundsf	Trading	Programmes f		Educational f	Total 2021f	Total 2020	Basis Allocation
Employment	19,620	12,181		29,469	52,503	113,773	116,363	%income
Establishment	1,285	799		1,930	3,439	7,453	8,353	%income
Office expenses	2,264	1,405		3,400	6,058	13,127	14,531	%income
Printing, postage	275	170		413	735	1,593	2,727	%income
8 Stationery
Sundry	2,104	1,305		3,160	5,630	12,199	5,465	%income
Motor 8 travel	208	130		313	557	1,208	1,570	%income
Advertising	531	329		797	1,420	3,077	311	%income
Accountancy	2,869	1,780		4,309	7,676	16,634	16,088	%income
Legal 8	138	86		207	369	800	1,390	%income
professional
Bad debt								%income
Bank charges	52	33		78	140	303	879	%income
Depreciation	1,597	992		2,400	4,275	9,264	9,062	%income
Equipment	1,507	935		2,263	4,031	8,736	3,109	%income
Hospitality							2,580	%income
Consultancy	3,415	2,120		5,129	9,139	19,803	7,000	%income
	35,865	22,265		53868	95,972	207,970	189,428

Analysis of	Governance
		Charitable	2021	2020
		Activity
Accountancy		2,805	2,805	2,805
Independent	Examination	649	649	649
Legal 8 Professional		800	800	1,390
		4,254	4,254	4,844

et expenditur	e is stated	after charging:
			2021	2020
Depreciation	oftangible	fixed assets	10,883	11,086
Loss on disposal offixed		assets		830
Accountancy	fees		7,154	6,788

		2021	2020
		No.	No.
Charitable	activities	21	26

The aggregate payroll costs ofthese persons	were as follows:
	2021	2020
Wages and salaries	457,549	486,388
Social security	32,481	42,562
Pension costs	35,115	35,325
	525,145	564,275

	Motor	Fixtures,	Total
	Vehicles	Fittings
		And
		Equipment
Cost ofValuation
As at 1 July2020	11,245	37,810	49,055
Additions Disposals As at 30June 2021	11,245	2,381 8,946 31,245	2,381 ~8,946 42,490
Depreciation
As at 1 July 2020	3,148	20,564	23,712
Charge for the year Disposals	1,620	9,263 8,946	10,883 ~8946
As at 30June 2021	4,768	20,881	25,649
Net book value
As at 30June 2020	8,097	17,246	25,343
As at 30June 2021	6,477	10364	16,841

Debtors
		2021	2020f
Trade debtors		31,487	81,031
Prepayments	and accrued income	27,186	49,871
Other debtors
		58,673	130,902

Creditors: Amounts	falling due within one year
		2021	2020
Trade creditors		23,239	6,423
Taxation and social security		5,546	457
Other creditors		3,642	2,891
Accruals and deferred	income	91,340	24,650
		123,767	34,421

reditors	amounts falling due within one year includes deferred	income:
		2021
Balance	as at 1 July 2020	14,680
Amount	released in year	(14,680)
Amount	deferred in year	78,457
Balance	as at 30June 2021	78,457

Analysis	offunds
					Other
		At 1 July	Incoming	Resources	recognised	At 30June
		2020	resources	expended	gains/losses	2021
					and transfers f
General Funds
Unrestricted	income fund	544,289	575,993	(569,086)	(122,000)	429,196
Restricted	income fund	16,656	126,244	(140,341)		2,559
Designated	income fund				122,000	122,000
		560,945	702,237	(709,427)		533,755

Compa	rative informatio	n in respect of	the preceding pe	riod isas follows:
					Other
		At 1July	Incoming	Resources	recognised	At 30June
		2019	resources	expended	gains/losses	2020
					and transfers
General Funds
Unrestricted	income fund	572,401	545,071	(573,183)		544,289
Restricted	income fund	17,641	253,854	(254,839)		16,656
		590,042	798,925	(828,022)		560,945

		Unrestricted Funds	Designated Funds	Restricted Funds	Total Funds 2021f	Total Funds 2020
Tangible assets		16,841			16,841	25,343
Current assets		536,122	122,000	2,559	660,681	570,023
Creditors: Amount within one year	falling due	(123,767)			(123,767)	(34,421)
		429,196	122,000	2,559	553,755	560,945

							Unrestricted		Restricted	Restricted	Total	Total	Funds	Total Funds
							Fundsf		Funds			2020		2019 R
Tangible		assets					25,343						25,343	35,063
Current	assets						553,367			16,656			570,023	695,882
Creditors: year		Amount	falling	due within		one	(34,421)					(34,421)		(140,903)
							544,289			16,656			560,945	590,042
19 Charity Funds
Designated		funds
This year
Proposed		use					Purpose ofthe designation							Amount
Development ofa new				This will	enable		the Trust to set up	a new revenue stream for the						f30,000
alternative		provision		organisation. It			is expected that the	programme		will become self-sustainable
education	programme			after 12	months		but needs the initial revenue injection to enable its set up.
Development ofnew				This will	enable		the Trust to have its own facilities to run programmes						out of	260,000
office space/classroom				within any		Sale	Sharks' home stadium.
facilities
Investment		in		Investment		into	new technology to	enable	Trust	staff to be able to perform				112,000
technology				their roles		more	efficiently and effectively.
Investment		in external		Investing		in an	external evaluation	programme		to highlight the impact ofthe				620,000
evaluation		programme		work the	Trust carries out in the community,				to	enable	it to report	back to
				funders	more effectively and to attract additional					funds.

Reconciliation	o	f net mov	ement in funds to net cash flow	from operating activities
				2021	2020
Net movement in funds				(7,190)	(29,097)
Add back depreciation		charge		10,883	11,086
Profit on disposal of	tangible assets				830
(Increase)/decrease	in	debtors		72,229	86,276
Increase/(decrease)	in	creditors		89,346	(106,482)
Net cash generated	by	operating	activities	165,268	(37,387)