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2021-03-31-accounts

Page
Trustees' Report 1
Reference and Administrative Details ofthe Charitable Company, Its
Trustees and Advisors
IndependentAuditors Report 18-20
Statement of Financial Services 21
Balance Sheet
Statement ofCashflows
Notes tothe Accounts 24

En•ryiz6 Shropghlrn Telfo￿ and Wrèkln Audit Raport Unquallfiod Our objethe8 are to obtsln reason0b￿ assurance ab)ut whether the fv)andal stat￿￿t8 88 a thole 8r• treè materfaj m58stst￿ent. whethgrdue lo fra(Kl w error, and to issue an audttorf8 reportthal Indudes our opin¢on. Rèasomblè a6SUT#nce 1$ o high ￿Ve1 of assurJnce. but 1$ not a guarantee that gn audlt Condu￿9￿ In accorda￿ th1&46 (UK) VAII ah¥ays detecl a Materi￿ ml&statement when it exi81s. Mi88talemènts e4n ar from frfjud or 8fft)r8nd 8re cw$lde￿d m8teri8E if, individualty or In tha aggregate, ujuld rea60nabty be exp•thY lo inlluwc• th• •oxomic d•¢isicffjs ol U￿r$ tsken on th• bg8i$ ofthwe thoncg18t•l•m•nts. Irregulwiliès. i￿4￿JIng •re in8tansxs of nonThDjmp￿nc wilh and regulabons. We deBign procedure¥ In Ilne wlth our respon8lNllti88, ouuined 8bo¥e, lo detect mgtorial misstalemenls in res￿1 of irregularities, induding frwd. Thè èthnt to whith our procedures are c•pabl& of detecaing Irregularits￿. induding fraud 1$ Inwtry ofmanaoom•nt, th¢￿ ch4fgèd vlilh otr4èm8nL and th• C￿mpans ￿kill)rn arouthl •(kn18nd pol•n16al11tt9a￿0n and clolm$; Irqulry of&)mpany Btaff in tsx COM￿1￿ fiJn¢ion5 to id•nlfy •ny irrft•rus of non-cryftpliar wlth laws and r•gu￿tIOns.. Revi8w7ng finan¢ioJ $tstemenl di8c4osures ond Iwting to wpportiryJ dcwmentskn to •1OeJ8 complhnco wlth 4ppllcable IM and regulollon8. Perfcrfft￿ng audit work over thg risk of rnana9gmenl ovenid? of conlrob. SndudSng te8tlng of loumgl •ntr568 and other adI￿6n￿ lor &pro￿ten￿. evsluatirrfj th¢ busirrt8 Mtio￿l8 of 8Jnifvxnl tran8adon8 outshje thè nomul ¢￿U￿1 of bu&noM and r•¥ltrwlng #(thunOng •8tIm￿￿ for bK8. B•couw of tho Inherent ￿m￿￿OnI 014n au(NL thern kn a thot w• wlll nol det•c4 41 SwlwlOe•, SrK4udln9 tho•e le•dlng lo • mglerfal mlJFtalwent kn tho flnandal ststgments or nO￿￿mPlI0nc¢ wltt) rogulotlon. Th18 rf Inttèa6e8 morn that complianL wtth • lttw or rtgulation IB removed from th¢ ev¢nt8 and rnfi#ed In the flnand•l statements, a8 w• ￿11 be le88 Ilkdy lo b￿)me w8r• of In8tsn(x of non•￿mpli￿nc. Th• r15k 1$ •180 gre8t•r r•g•rdlng irr•gul•rits•s occuning du• lo fr•ud r•lh•r th•n wror, M hud Invoi¥e• Int•nOorwl C￿nC¥•IM￿l. forg￿, cnlluslon. omSsston or mlsrw￿Thf￿on. A ftJrtherde8Crtption of our regpon8lbnlll8818 a¥allablè on tho Flnandal Rep)rllng Cwndl'8 wobstte al.. htlp¥Jlww.fro.org.UkJOur-Wb￿AUd￿￿d1l.Jn￿.OBS￿r4nl￿S1￿nd•rdS4n￿gu￿jJn(￿sta￿aa[1Ifr￿n￿Uld for4udhornlAuthtor>r8ipJmibilrbé>for.auditWpkn4)&#udllorn.mKjn￿bllll1￿tsr4￿.1px. Tl dexdpdon forn￿ ofour audtto¢s rop)rL Ll•• of our report Th16 report 1$ m8de 8010ty to thfr charitable company'8 MIMt￿, 88 a body, In ae&)rrJarte wtth Chaplw 3 of Part 18 of th• Ccrfnpanlos Act 20C6. Our •udil ￿rk ha8 tlryen undertaken so thèt ￿ mSght 8t8le lo the tharlt8ble cJ)rnpanYs m8mb8rs th0￿ m•tt•rs w• •r• rnqLdr•d to st•t• to thwn Sn •n •udltorf$ rgport and for no other purpo8e. To lh• fi￿l•st extgnl pgrrnMt8d by law. ￿ do nol a(r4pt or assumg r88wn8ibllty to anyone olh8r than Ihe ¢aritablg ￿MponY and Ihg th8rlt)le mernber¥ 8• • t￿. for our 4udlt 4th. for thlo report or for thè opinions we have fom*d. Jonathon Dale BA (Hcffl81 FCA Seniw Statutory Auditor For arxl on béhaff of Indèp8nd8ni AudiWr8 LLP. Chartered Act￿l￿nts and Statutory Audltors Ematray HsJU8a Noth Shrvrt8bury Pa ShrewBbury Shropthire SY2 8LG 2+ S£pT£M8£R 202 20

Statement o
forthe year		 fFinancial ActhNes
ended 31March 2021
Unrestricted Restrkted
funds funds Total funds Total funds
2021 2021 2021 2020
E E E E
Income and endowments
from:
Donations and legacies 15,000 195,000 210,000 210,000
Charitable activities 77,343 260,979 338,322 390,011
Other trading activities 5,510 5,510 11,068
Investments 735
Total 97,853 455,979 553,832 611,814
Expenditure on:
Charitable activities 73,970 453,918 527,888 557,416
Total 73,970 453,918 527,888 557,416
Net Income 23,883 2,061 25,944 54,398
Transfers between
funds		 (7,289) 7,289
Net income before other
gains/(losses) 16,594 9,350 25,944 54,398
Other gains and losses
Net movement
in funds		 16,594 9,350 54,398
Recondlhrtlon
offunds:
Total funds brought forward 137,591 650 138,241 83,843
Total funds carrfed forward 154,185 10,000 164,185 138,241

Energtse Shropshire
Balance Sheet		 Energtse Shropshire
Balance Sheet		 T elford
BLWrekin
at 31March 2021
Company
No.		 08066413 Notes 2021 2020
6 6
Tangible assets 14 4,057
4,057
Current assets
Debtors 15 60,057 14,183
Cash at bank and In hand 419,208 297,799
479,265 311,982
Creditors: Amount falling due within one year 16 (299,144) (157,352)
Net current assets 180,121 154,630
Total assets less current Rabglties 184,178 160,034
Net assets exduding pension asset or liability 184,178 160,034
Defined benefit pension scheme Ikrbility 17 (19,993) (21,793)
Total net assets 164,185 138,241
The funds ofthe charity
Restrfcted funds 18
Restricted income funds 10,000 650
10,000 650
Unrestricted
funds		 18
Generalfunds 114,185 137,591
Designated
funds
154,185 137,591
18
Total funds 164,185 138,241

2021 2020
E E
Cash Rows from operating actNItkrs
Net Income per Statement ofFinancial Actlvldes 25,944 54,398
Adjustments
for.
Depredation
ofproperty,
plant and equipment		 3,127 2,874
Increase in trade and other receivables (45,874) (3,708)
Increase/(Decrease)
In		 trade and other payables 139,992 (1,274)
Net cash provkfed
by operating acthdtles		 123,189 6,520
Cash flows from investing activities
Payments for property, plant and equipment (1,780) (4,352)
Net cash used in investing acthrltlm (1,780) (4,352)
Net cash from Rnandng
activldes
Net increase in cash and cash equivalents 121,409 2,168
Cash and cash equivalents atthe beginning ofthe year 297,799 295,631
Cash and cash equivalents atthe end ofthe year 419,208 297,799
Components
ofcash and cash equivalents
Cash and bank balances 419,208 297,799
419,208 297,799

3 Statemen t ofFinancial A cthdties - pdo r year
unrestricted Restricted
funds funds Total funds
2020 2020 2020
Income and endowments
from:
Donations and legacies 15,000 195,000 210,000
Charitable activities 102,411 287,600 390,011
Other trading activities 11,068 11,068
Investments 735 735
Total 129,214 482,600 611,814
Expenditure on:
Charitable activities 74,816 482,600 557,416
Total 74,816 482,600 557,416
Net Income 54,398 54,398
Transfers between
funds		 5,406 (5,406)
Net income before other
gains/(losses) 59,804 (5,406) 54,398
Other gains and losses:
Net movement in funds 59,804 (5,406) 54,398
Reconciliation offunda
Total funds brought forward 77,787 6,056 83,843
Total funds carried forward 137,591 650 138,241
4 Income from donations and legades
Unrestrkted Restricted Total Total
2021 2020
E
Grants 195,000 195,000 195,000
Donated services and
fadlities 15,000 15,000 15,000
15,000 195,000 210,000 210,000
Donated goods, fadlNes and servkes received
Total Total
2021 2020
E E
ONce premises 15,000 15,000
15,000 15,000

Unrestricted Total Total
2021 2020
E E
Grants 260,979 260,979 279,300
Strategic commissioning 56,201 56,201 54,368
Consultancy 19,777 19,777 20,149
Training and education 1,365 1,365 36,194
77,343 260,979 338,322 390,011
6 Income from other trading acthritles
Unrestrkted Total Total
2021 2020
Sponsorship
advertising		 and 5,000 5,000 6,000
Fundralsing 115 4,185
Other Income 395 395 883
5,510 5,510 11,068
7 Income from investments
Total Total
2021 2020
Bank interest receivable 735
735

Expenditure on charitable activiti es
Unrestricted Restricted Total Total
2021 2020
Expenditure on charitable
activities
Direct programme
expenditure		 17,287 22,182 39,469 131,870
Direct staff costs 29,227 87,878 117,105 184,544
Grants made 85,662 85,662
Support and governance
costs
Support staff costs 7,110 198,306 205,416 158,449
Premises expenses 15,000 15,000
Legal and professional 1,745 23,037 24,782 5,000
Other office costs 899 22,166 23,065 26,869
Advertising and marketing 25 6,564 6,589 3,391
Staff training 956 1,156 1,507
Travelling 1,033 1,033 11,724
Sundry expenses 314 314 9,913
Depreciation 2,477 650 3,127 2,874
Governance costs 5,170 5,170 6,275
73,970 453,918 527,888 557,416

Analysis of income and exp enditure
by f		 und provider
Other public
Sport local sector Non public
England Authority income income Total
2021
E E
Income
Revenue grants 430,578 18,801 6,600 455,979
Commissioning 54,100 2,101 56,201
Sponsorship 5,000
Other 395 36,257 36,652
Expenditure
Direct programme
expenditure		 (92,994) (24,481) (6,056) (123,531)
Staff costs (285,633) (34,386) (2,101) (401) (322,521)
Premises expenses (15,000) (15,000)
Legal and professional (23,037) (1,500) (245) (24,782)
Other oNce costs (22,166) (451) (448) (23,065)
Advertising and marketing (6,564) (25) (6,589)
Staff training (956) (200) (1,156)
Travelling (1,033) (1,033)
Sundry expenses (314) (314)
Depredation (598) (2,529) (3,127)
Governance costs (5,170) (5,170)
Transfer between funds 7,838 (2,453) (5,385)
(49) 10,000 17,593 27,544

11 Net inco me before tra nsfers
2021 2020
This Isstated after charging: E E
Auditors' remuneration 5,100 6,186
12 Trustee remuneration and expenses
One or more ofthe trustees has been paid expenses in the current or prior periods.
2021 2020
Number Number
Number oftrustees paid expenses 1 3
The nature ofthe reimbursed During the year expenses were reimbursed
to		 trustees for IT
expenses subscriptions.
E E
Total expenses reimbursed to trustees 144 449
13 Staff costs
2021 2020
E E
Salaries and wages 280,895 336,319
Social security costs 22,133 27,532
pension costs 19,493 (20,858)
322,521 342,993

No employee
receiv		 ed emoluments
In exc		 ess ofE60,000.
2021 2020
Total employee beneRts received by key management
personnel		 153,852 149,209
The average number ofpersons employed by the charitable company during the year were:
2021 2020
Number Number
Average headcount 11 14
Average headcount expressed as full time equivalent 10 13

14 Tangible fixed assets
Fixtures
Computer and Total
equipment fittings
E
Cost or revaluation
At 1April 2020 26,998 5,967 32,965
Additions 1,780 1,780
At 31March 2021 28,778 5,967 34,745
Depredation
and
Impairment
At 1April 2020 21,594 5,967 27,561
Depreciation
charge forthe		 3,127 3,127
year
At 31March 2021 24,721 5,967 30,688
Net book values
At 31March 2021 4,057 4,057
At 31March 2020 5,404
2021 2020
E E
Trade debtors 50,618 10,715
Prepayments
and accrued income		 9,439 3,468
60,057 14,183
16 Creditors:
amounts
falling due within		 one year
2021 2020
E E
Trade creditors 3,663 14,116
Other taxes and social security 19,954 8,355
Other creditors 62 3,552
Accruals and deferred income 275,465 131,329
299,144 157,352
Grant and contract income has been deferred when spedfic criteria attached to the terms and
conditions ofthe service delivery has not been met atthe year end.
Movement ofthe deferred income 2021 2020
E E
At 1April 124,784 134,787
Deferred 452,339 502,268
Released (307,187) (512,271)
At 31March 269,936 124,784

held separately
from those ofthe charitable
com		 pany
in an Independentl		 y
administered
f		 und.
2021 2020
6 E
The pension cost charge represents
contributions
charitable
company tothe fund and amounts to		 payable by the 5,892 12,673
Contributions
payable tothe fund at the balance		 sheet date and
induded
in creditors

2021 2020
6 6
The total contributions (employee and employer) payable by the 19,941 17,124
Charitable Company to the Fund in the period amounted to
The state ofthe Rnanclal position pension liability is determined as follows:
2021 2020
E E
At 1April 2020 21,793 67,563
Total contributions In the period (employee and employer) (19,941) (17,124)
Movement in estimated liability in the period 18,141 (28,646)
At March 2021 19,993 21,793

Movement
in		 funds
Incoming
At 1April
2020		 resources
(indu ding
other		 Resources
expended		 Gross
transfers		 At31March
2021
gains/losses)
E
Restricted income funds:
Sport England - Primary
Role 195,000 (204,068) 9,068
Sport England - DfE
Volunteering 11,635 (11,635)
Sport England - Children &
Young People 598 107,728 (106,547) (1,779)
Sport England-
Coaching/Workforce
development 29,667 (29,667)
Sport England - Tackling
Inequalities 86,548 (86,548)
LIfe Chances 15,000 (5,000) 10,000
Evolve into Spring 8,801 (8,801)
Other restricted funds 52 1,600 (1,652)
Total 650 455,979 (453,918) 7,289 10,000
Unrestricted
funds:
General funds 137,591 41,257 (19,827) (44,836) 114,185
Designated
funds:
Sustainabgity project 40,000 40,000
Local authority projects 54,495 (52,042) (2,453)
Other public sector income
projects 2,101 (2,101)
Total 56,596 (54,143) 37,547 40,000
Revaluation
Reserves:
Total funds 138,241 553,832 (527,888) 164,185

ghe Shropshire Telford 8 Wrekln
s tothe Accounts
Analysb ofnet assets between funds
Unrestricted Restrkted
Total
funds funds
E E
Fixed assets 4,057 4,057
Net current assets 170,121 10,000 180,121
Defined benefit pension scheme liability (19,993) (19,993)
154,185 10,000 164,185
Fixed assets
Net current assets
Defined benefit pension scheme liability		 4,057
170,121
154,185		 E
10,000
(19,993)
10,000		 E
4,057
180,121
(19,993)
164,185
20 RecondBatlon ofnet debt
At 1April At 31March
2020 Cash flows 2021
E E E
Cash and cash equivalents 297,799 121,409 419,208
297,799 121,409 419,208
Net debt 297,799 121,409 419,208

Annual
co		 mmitments
under non-cancellab		 le
operating
lease		 s are as follow s:
2021 2020 2020
Land and Land and
Other Other
buildings buildings
E E
Operating leases with expiry date:
In the second to fifth years inclusive 662
662