REGISTERED COMPANY NUMBER: 07877720 (England and Wales) REGISTERED CHARITY NUMBER: 1145603
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
FOR
THE NATIONAL LEAGUE TRUST LTD
Blackthorns Chartered Accountants and Registered Auditors Blackthorns House 80-82 Dudley Road Lye Stourbridge West Midlands DY9 8ET
THE NATIONAL LEAGUE TRUST LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Report of the Independent Auditors | 5 | to | 7 |
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 20 |
| Detailed Statement of Financial Activities | 21 | to | 22 |
THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims for the public benefit
The objectives of the charity are as follows:
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to promote the physical education of children and young persons, community participation in healthy recreation by providing facilities for playing football or other sports capable of improving physical health,
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to assist in providing facilities for recreation or other leisure time occupation of persons who have need for such facilities by reason of age, infirmity or disablement, poverty or social economic circumstances or for the public at large in the interests of social welfare,
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to advance the education of children and young people and provide opportunities for them to develop their full capabilities to enable them to become responsible members of society.
Individual schemes are run by Club Community Organisations (CCOs) of member clubs of The National League and these are grant aided by the charity through donations from The Premier League and The Professional Footballers Association Charity.
The trustees confirm that they have reviewed the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy.
Grantmaking
The Trust invites applications for grants from CCOs of member clubs of The National League towards schemes in line with the Trust's aims and objectives. If accepted by the trustees, CCOs of clubs in the Premier Division can be awarded a grant of 65% of the projected costs with a maximum of £25,000 and CCOs of clubs in the North and South Divisions can be awarded a grant of 75% with a maximum of £20,000.
Since 2016/17 the Trust has worked with the Premier League Charitable Fund (PLCF) to create a new grant programme as part of the PLCF's Premier League Primary Stars. This is an education programme that connects learning to the world of sport to enthuse pupils when tackling challenging topics. It is linked to the national curriculum and is available to every primary school in England and Wales. It uses the appeal of the Premier League and professional football clubs to improve and enhance physical education (PE) and other curriculum areas, developing skills and values. Only National League CCOs with charitable status are able to apply to this programme. In 2017/18 grants were available at the rate of 100% up to a ceiling of £12,000. In 2018/19 two tiers of funding were created:Tier 5 with grants of £25,000 per academic year for those CCOs who were experienced in delivering the programme and Tier 6 with grants of £15,000 for smaller CCOs, and those delivering for the first time. These link with the funding programme managed by the PLCF for Premier League and English Football League CCOs who can apply for funding for Tiers 1 to 4. In 2019/20 grants at Tier 5 were offered to cover two years: 2019/20 and 2020/21.
In 2018/19 the Trust worked with the Wembley National Stadium Trust (WNST) to create a pilot programme, funding Women and Girls development at selected CCOs. These were chosen in partnership with the FA, based on capability and geographical location. The aim was to demonstrate if National League CCOs could be an effective vehicle for encouraging more females to play football. Funding was available as 100% of the project costs and at three levels to fit the size of each project: £12,000, £10,000 or £6,000. The hope is that, if successful, the pilot project would grow into a permanent funding programme open to all eligible CCOs.
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THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Since taking over responsibility of the scheme on 1 April 2012 the Trust has approved grants of £9,094,341. In the year 33 grants were made to 27 CCOs (2020 - 84 grants to 42 CCOs). The total value of these grants was £625,492 to projects costing £918,256 (2020 - grants of £1,616,512 to projects costing £2,646,212). These projects included working with young people at risk of offending, supporting health initiatives, cheerleading, music, dance and other arts activities, encouraging volunteering, working with young people not in employment, education or training (NEETs), helping different disability groups to play sport, creating educational initiatives for adults and children, working with isolated community groups, green projects, healthy eating and lifestyle and working in partnership with schools to deliver football coaching and other initiatives.
Impact of COVID-19
The various restrictions imposed from March 2020 had a severe impact on the CCOs the Trust had chosen to fund in 2019/20. Many were forced to suspend their programme of activities and instead direct their efforts to support their communities to COVID relief work. This meant many projects had their grant period extended to allow CCOs to complete their programmes when restrictions were lifted. The consequence of this was that demands on the Trust's cash flow were reduced.
Similarly, funding partners were cautious about the long-term impact on their finances when sport events were suspended. Trustees took a similar approach when considering what new grants could be offered during 2020, both to safeguard resources but also as CCOs were not able to start new projects. As a result no new offers were made between 1 June and 20 December 2020. Those projects supported at this time were asked to ensure that delivery could take place under restrictions, such as support for isolated people during lockdown.
The affect of these two elements - reduced demand on cash flow and fewer grant offers - has meant that the level of uncommitted funds has increased. However, during the 2021/22 financial year activity has returned to pre-COVID levels, so trustees anticipate that these committed funds will be allocated over the next two years.
Investment performance
The charity does not deliver projects, it instead makes grants to CCOs to enable them to deliver the projects. To receive a grant for a project, KPIs must be set by the applicant which must be acceptable to the charity and two of four core outcomes must be achieved by the project.
At both the half way point and the end of the project, an assessment of how the project has performed against these measures must be submitted to the charity, and if the results are satisfactory then payment of the grant will be made.
Training is given to the CCOs regarding guidance in how to measure the outcomes and what is required.
FINANCIAL REVIEW
Principal funding sources
The principal funding source is the Professional Footballers Association Charity who have donated £1,200,000. The level of funding for 2021/22 is yet to be agreed. Each year £300,000 of the donation has been ring-fenced for the Premier League Primary Stars grant programme.
Reserves policy
Free reserves at 31 May 2021 amounted to £973,497 (2020 - £245,987). These are held for future grant claims and support costs in 2021/22 restricted funds. At all times the Trust has an uncommitted reserve of £100,000. Interest will continue to be received on the cash deposits and the trustees consider there are sufficient reserves to cover all expenditure in the coming year.
Going concern
The charity has more than sufficient funds available to meet its committed liabilities and no material uncertainties exist regarding its ability to continue. The Trustees therefore believe that it is correct to prepare these financial statements on a going concern basis.
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THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021
FUTURE PLANS
The charity plans to continue the activities in 2021/22 following the funding pledge as above and to complete the projects started in previous periods.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. In the event of the company being wound up the member is required to contribute an amount not exceeding £1.
Trustees
The charity is governed by the Trustees who meet four times a year and the meetings are attended by S O'Brien, the project manager, who acts in an advisory and reporting capacity only. Each year one third of the trustees must retire but they may be reappointed and there must be a minimum of three at all times.
The trustees have been selected for their experience in football administration, knowledge of the beneficiary clubs and general business skills, together with their prominence as community figures. N J Perchard and T Angus have also been appointed as representatives of the major donors to assist with the objectives of the charity being met.
The charity is looking to further strengthen this position by recruiting additional independent trustees who can add to the skills already offered by the current trustees.
Trustees are given training as required, to include training on the assessment of grant applications.
Organisational structure
All decisions are made by the trustees at their meetings. The administration of the scheme is handled by the project manager, S O'Brien, who deals directly with each applicant and reports to the trustees on the proposed projects and advises on all payments to be made.
Related parties
Details of related parties and related party transactions are given in note 14 to the financial statements.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07877720 (England and Wales)
Registered Charity number
1145603
Registered office
Waterloo House 20 Waterloo Street Birmingham B2 5TB
Trustees
Lord Faulkner of Worcester B R Lee MBE N J Perchard P G Fairclough T Angus J D Pearce (appointed 19.10.21)
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THE NATIONAL LEAGUE TRUST LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Blackthorns Chartered Accountants and Registered Auditors Blackthorns House 80-82 Dudley Road Lye Stourbridge West Midlands DY9 8ET
Solicitors
Bates Wells & Braithwaite London LLP, 2-6 Cannon Street, London EC4M 6YH
Bankers
National Westminster Bank plc, Northwich, Cheshire
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The National League Trust Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees 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 which give a true and fair view of the state of affairs 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 those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Blackthorns, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 28th January 2022 and signed on its behalf by:
........................................................................ Lord Faulkner of Worcester - Trustee
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THE NATIONAL LEAGUE TRUST LTD
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Investment income 4 Total EXPENDITURE ON Charitable activities 5 Grants to Club Community Organisations (CCOs) Management Governance Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ - - - - - - - - - - - |
Restricted funds £ 1,200,000 134 1,200,134 334,397 45,883 15,406 26,303 421,989 778,145 245,987 1,024,132 |
31.5.21 Total funds £ 1,200,000 134 1,200,134 334,397 45,883 15,406 26,303 421,989 778,145 245,987 1,024,132 |
31.5.20 Total funds £ 1,200,000 2,500 1,202,500 1,401,189 59,642 5,308 48,566 1,514,705 (312,205) 558,192 245,987 |
|---|---|---|---|---|
The notes form part of these financial statements
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THE NATIONAL LEAGUE TRUST LTD
BALANCE SHEET 31 MAY 2021
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Restricted funds: Main Grant Fund Primary Stars Fund Women & Girls Development Fund TOTAL FUNDS |
Unrestricted fund £ - - - - - - - - |
Restricted funds £ 1,821 460 1,785,774 1,786,234 (763,923) 1,022,311 1,024,132 1,024,132 |
31.5.21 Total funds £ 1,821 460 1,785,774 1,786,234 (763,923) 1,022,311 1,024,132 1,024,132 669,224 332,632 22,276 1,024,132 1,024,132 |
31.5.20 Total funds £ 2,935 460 1,219,613 1,220,073 (977,021) 243,052 245,987 245,987 116,336 113,327 16,324 245,987 245,987 |
|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28th January 2022 and were signed on its behalf by:
............................................. Lord Faulkner of Worcester - Trustee
............................................. N J Perchard - Trustee
The notes form part of these financial statements
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THE NATIONAL LEAGUE TRUST LTD
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MAY 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.5.21 £ 566,027 566,027 134 134 566,161 1,219,613 1,785,774 |
31.5.20 £ (187,021) (187,021) 2,500 2,500 (184,521) 1,404,134 1,219,613 |
|---|---|---|
The notes form part of these financial statements
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THE NATIONAL LEAGUE TRUST LTD NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MAY 2021
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||
|---|---|---|
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Decrease in debtors (Decrease)/increase in creditors Net cash provided by/(used in) operations |
31.5.21 £ 778,145 1,115 (134) - (213,099) 566,027 |
31.5.20 £ (312,205) 1,115 (2,500) 50,692 75,877 |
| (187,021) |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.6.20 £ 1,219,613 1,219,613 1,219,613 |
Cash flow £ 566,161 566,161 566,161 |
At 31.5.21 £ 1,785,774 |
|---|---|---|---|
| 1,785,774 | |||
| 1,785,774 |
The notes form part of these financial statements
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THE NATIONAL LEAGUE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
1. STATUTORY INFORMATION
The National League Trust Ltd is a private charitable company, limited by guarantee, registered in England and Wales.The registered company number is 07877720. The address of the charity's registered office is Waterloo House, 20 Waterloo Street, Birmingham, B2 5TB.
The financial statements are presented in Sterling, which is the functional currency of the charitable company.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Voluntary income by way of donations are included in full in the Statement of Financial Activities when receivable.
Bank interest is included in the period in which it accrues.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. The charity is not registered for VAT, and expenditure is analysed inclusive of VAT where this has been incurred.
Support costs comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fee and costs linked to the strategic management of the charity.
Grants payable are payments to third parties in the furtherance of the charitable objects of the Trust. Grants are accounted for in the year in which they are awarded without condition.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less.
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THE NATIONAL LEAGUE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
2. ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Fixtures and fittings | - 20% on cost |
|---|---|
| Computer equipment | - 25% on cost |
Tangible fixed assets held for the charitable company's own use are stated at cost less depreciation and accumulated impairment losses. At each balance sheet date, the charitable company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
In the year to 31 May 2021 all funds are restricted and the balance on the funds, and further explanation of the nature and purpose of each fund, are included in the notes to the financial statements.
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.
Trade and other debtors
Trade and other debtors are recongnised at the settlement amount after any trade discount offered.
Trade and other creditors
Trade and other creditors are recognised where the charity has a present obligation resulting from a past event and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount after allowing for any trade discounts due.
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THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
| 3. DONATIONS AND LEGACIES Donations 4. INVESTMENT INCOME Deposit account interest 5. CHARITABLE ACTIVITIES COSTS Grants to Club Community Organisations (CCOs) Management Governance 6. GRANTS PAYABLE Grants to Club Community Organisations (CCOs) Grants to National League CCOs Grants withdrawn Grants repaid |
Grant funding of activities (see note 6) £ 334,397 - - 334,397 |
Grant funding of activities (see note 6) £ 334,397 - - 334,397 |
31.5.21 £ 1,200,000 31.5.21 £ 134 Support costs (see note 7) £ - 45,883 15,406 61,289 31.5.21 £ 334,397 |
31.5.21 £ 1,200,000 31.5.21 £ 134 Support costs (see note 7) £ - 45,883 15,406 61,289 31.5.21 £ 334,397 |
31.5.20 £ 1,200,000 31.5.20 £ 2,500 Totals £ 334,397 45,883 15,406 395,686 31.5.20 £ 1,401,189 |
|---|---|---|---|---|---|
| 31.05.2021 | 31.05.2020 | ||||
| £ | £ | ||||
| 426,504 | 1,616,512 | ||||
| (39,975) | (215,323) | ||||
| (1,300) | - | ||||
| 385,229 | 1,401,189 | ||||
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THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
7. SUPPORT COSTS
| Governance Management Other costs £ £ £ Other resources expended - 26,303 - Management 45,883 - - Governance - - 15,406 45,883 26,303 15,406 Support costs, included in the above, are as follows: 31.5.21 Other resources Total expended Management Governance activities £ £ £ £ Consultancy fees - 32,655 - 32,655 Administration support - 13,228 - 13,228 Website development - - - - Sundries 2,785 - - 2,785 Workshops - - - - Public relations and media costs 2,099 - - 2,099 Tournaments 40 - - 40 Travelling - - - - Year end awards costs - - - - Computer and software 2,642 - - 2,642 Views monitoring 17,622 - - 17,622 Rent and service charges - - - - Equipment - - - - Depreciation of tangible fixed assets 1,115 - - 1,115 Auditors' remuneration - - 4,080 4,080 Accountancy and legal fees - - 11,326 11,326 26,303 45,883 15,406 87,592 |
Totals £ 26,303 45,883 15,406 87,592 31.5.20 Total activities £ 47,894 11,748 216 519 4,219 4,875 10,010 753 2,399 2,193 16,817 2,100 3,350 1,115 4,440 868 113,516 |
|---|---|
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.5.21 | 31.5.20 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 4,080 | 4,440 |
| Depreciation - owned assets | 1,114 | 1,115 |
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THE NATIONAL LEAGUE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
Trustees' expenses
During the year a trustee was paid a total of £31 (2020 - two trustees a total of £413) for travelling and stationery costs.
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies - Investment income - Total - EXPENDITURE ON Charitable activities Grants to Club Community Organisations (CCOs) - Management - Governance - Other - Total - NET INCOME/(EXPENDITURE) - RECONCILIATION OF FUNDS Total funds brought forward - TOTAL FUNDS CARRIED FORWARD - |
Restricted funds £ 1,200,000 2,500 1,202,500 1,401,189 59,642 5,308 48,566 1,514,705 (312,205) 558,192 245,987 |
Total funds £ 1,200,000 2,500 1,202,500 1,401,189 59,642 5,308 48,566 1,514,705 (312,205) 558,192 245,987 |
|---|---|---|
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THE NATIONAL LEAGUE TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
| 11. | TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| and | Computer | |||||
| fittings | equipment | Totals | ||||
| £ | £ | £ | ||||
| COST | ||||||
| At 1 June 2020 and 31 May 2021 | 3,524 | 1,642 | 5,166 | |||
| DEPRECIATION | ||||||
| At 1 June 2020 | 999 | 1,232 | 2,231 | |||
| Charge for year | 704 | 410 | 1,114 | |||
| At 31 May 2021 | 1,703 | 1,642 | 3,345 | |||
| NET BOOK VALUE | ||||||
| At 31 May 2021 | 1,821 | - | 1,821 | |||
| At 31 May 2020 | 2,525 | 410 | 2,935 | |||
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.5.21 | 31.5.20 | |||||
| £ | £ | |||||
| Other debtors | 460 | 460 | ||||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.5.21 | 31.5.20 | |||||
| £ | £ | |||||
| Trade creditors | 198 | 9,523 | ||||
| Grants awarded | 759,770 | 959,305 | ||||
| Social security and other taxes | (125) | - | ||||
| Accrued expenses | 4,080 | 8,193 | ||||
| 763,923 | 977,021 | |||||
| 14. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At | 1.6.20 | in funds | 31.5.21 | |||
| £ | £ | £ | ||||
| Restricted funds | ||||||
| Main Grant Fund | 116,336 | 552,888 | 669,224 | |||
| Primary Stars Fund | 113,327 | 219,305 | 332,632 | |||
| Women & Girls Development Fund | 16,324 | 5,952 | 22,276 | |||
| 245,987 | 778,145 | 1,024,132 | ||||
| TOTAL FUNDS | 245,987 | 778,145 | 1,024,132 |
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THE NATIONAL LEAGUE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Restricted funds Main Grant Fund Primary Stars Fund Women & Girls Development Fund TOTAL FUNDS Comparatives for movement in funds Restricted funds Main Grant Fund Primary Stars Fund Women & Girls Development Fund TOTAL FUNDS Comparative net movement in funds, included in the above are as Restricted funds Main Grant Fund Primary Stars Fund Women & Girls Development Fund TOTAL FUNDS |
Incoming resources £ 900,135 300,000 (1) 1,200,134 1,200,134 At 1.6.19 £ 142,201 396,875 19,116 558,192 558,192 follows: Incoming resources £ 902,500 300,000 - 1,202,500 1,202,500 |
|
|---|---|---|
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THE NATIONAL LEAGUE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Restricted funds Main Grant Fund Primary Stars Fund Women & Girls Development Fund TOTAL FUNDS |
At 1.6.19 £ 142,201 396,875 19,116 558,192 558,192 |
Net movement At in funds 31.5.21 £ £ 527,023 669,224 (64,243) 332,632 3,160 22,276 465,940 1,024,132 465,940 1,024,132 |
At 31.5.21 £ 669,224 332,632 22,276 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Restricted funds Main Grant Fund Primary Stars Fund Women & Girls Development Fund TOTAL FUNDS |
Incoming resources £ 1,802,635 600,000 (1) 2,402,634 2,402,634 |
Resources expended £ (1,275,612) (664,243) 3,161 (1,936,694) (1,936,694) |
Movement in funds £ 527,023 (64,243) 3,160 465,940 465,940 |
|---|---|---|---|
Premier League Primary Stars - This is an education programme that connects learning to the world of sport to enthuse pupils when tackling challenging topics.
Women and Girls Fund - This pilot programme was in conjunction with the Wembley National Stadium Trust. Selected CCOs were chosen in partnership with the FA to provide an effective vehicle to encourage more females to play football.
Main Fund - All other projects supported by the charity are under the main fund. This supports all other projects od CCOs to promote a healthier physical and mental lifestyle in the local community.
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THE NATIONAL LEAGUE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2021.
16. ULTIMATE CONTROLLING PARTY
The ultimate controlling party is The Football Conference Limited, known as The National League, who is the sole member, although the charity is under the day to day control of the Trustees.
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THE NATIONAL LEAGUE TRUST LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Management Consultancy fees Administration support Information technology Website development Other Sundries Workshops Public relations and media costs Tournaments Travelling Year end awards costs Computer and software Views monitoring Rent and service charges Equipment Fixtures and fittings Computer equipment Governance costs Auditors' remuneration Accountancy and legal fees |
31.5.21 £ 1,200,000 134 1,200,134 334,397 32,655 13,228 45,883 - 2,785 - 2,099 40 - - 2,642 17,622 - - 705 410 26,303 4,080 11,326 15,406 |
31.5.20 £ 1,200,000 2,500 |
|---|---|---|
| 1,202,500 1,401,189 47,894 11,748 |
||
| 59,642 216 519 4,219 4,875 10,010 753 2,399 2,193 16,817 2,100 3,350 705 410 |
||
| 48,350 4,440 868 |
||
| 5,308 |
This page does not form part of the statutory financial statements
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THE NATIONAL LEAGUE TRUST LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021
| Total resources expended Net income/(expenditure) |
31.5.21 £ 421,989 778,145 |
31.5.20 £ 1,514,705 (312,205) |
|---|---|---|
This page does not form part of the statutory financial statements
-22-