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|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||||||
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||||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|||||||||
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|||||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|
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|||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||
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|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|
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||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|
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|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|
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|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)|