## ## ## ||||||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 thonc*g18t•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￿mpan*s ￿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 $tstemenl di8c4osures ond Iwting to wpportiryJ dcwmentskn to •1OeJ8 complhnco wlth 4ppllcable IM and regulollon8. Perfcrfft￿ng audit work over thg risk of rnana9gmenl ovenid? of conlrob. SndudSng te8tlng of loumgl •ntr568 and other adI￿6n￿ lor &pr*o￿ten￿. evsluatirrfj th¢ busirrt8 Mtio￿l8 of 8*Jnifvxnl tran8adon8 outshje thè nomul ¢￿U￿1 of bu&noM and r•¥ltrwlng #(thunOng •8tIm￿￿ for bK*8. B•couw of tho Inherent ￿m￿￿OnI 014n au(NL thern kn a thot w• wlll nol det•c4 41 SwlwlOe•, SrK4udln9 tho•e le•dlng lo • mglerfal mlJFtalwent kn tho flnandal ststgments or nO￿￿mPlI0nc¢ wltt) rogulotlon. Th18 rf Inttèa6e8 morn that complianL* wtth • lttw or rtgulation IB removed from th¢ ev¢nt8 and rnfi*#ed In the flnand•l statements, a8 w• ￿11 be le88 Ilkdy lo b￿)me *w8r• of In8tsn(x of non•￿mpli￿nc*. Th• r15k 1$ •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¥Jl*ww.fro.org.UkJOur-Wb￿AUd￿￿d1l.Jn￿.OBS￿r4nl￿S1￿nd•rdS4n￿gu￿jJn(￿sta￿aa[1Ifr￿n￿Uld for4udhornlAuthtor>r8ipJmibilrbé>for.auditWpkn4)&#udllorn.mK*jn￿bllll1￿tsr4￿.1*px. 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||| ##