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2020-08-31-accounts

Page
Reference and administrative details ofthe charity, its Trustees and advisers
Trustees' report 2-15
Independent
auditors' report		 on the financial statements 16-18
Statement offinancial activities 19
Balance sheet 20
Statement ofcash flows 21
Notes to the financial statements 22-38

Trustees P.S.Carney
D.CoBins
E.De Haau (resigned 13 September 2019)
S.L.Downey
L.M. Eede
M. Greenwood
S.Hughes (appointed 25 September 2020)
D.Hulme
J.L.Jordan
T.J.Minter OBEDL
C.D. Siminonds
Company registered number 08623233
Charity registered number 1155522
Registered office Three Hills Sports Park
Cheriton Road
Folkestone
Kent
CT195JU
Independent auditors UHY Kent LLP
Chartered Accountants
Thames House
Roman Square
Sittingboume
Kent
ME104BJ

Risk Management
ofrisk
F51Urban Skate Park
Delay in the opening ofF51and thereby adelay in income Continue
working with contractor to ensure		 schedules are
generation. being met and continuous
dialog with main		 stakeholders.
No major fixed costs yet being incurred.
The terms ofthe
loan has payback related to the performance ofan open
F51.
Continuing impact ofCovid-19
Inability to meet activities as required by schools and the
effect on that source ofincome.		 The government
has been keen to keep schools open, we
have also adapted our offering to allow for online elements
ofour packages (including
schools games).
Loss ofkey staff
Loss ofkey staff would affect key areas ofwork delivety Good working
relationships
between the team and weeldy
and other staff members may not have the same skill set. meetings
to ensure any issues discussed.
Key areas ofwork template
to be produced		 and reviewed
to ensure we have the ability and knowledge to cover key
areas ofwork with loss ofan employee.
Loss ofschool income
Primary schools lose their funding
SSTservices.		 and stop buying into We continue to strengthen
the relationships
with all
schools so that we are in the best position to continue
working
with them ifthere is any change in		 the funding
landscape.
We continue to look at other areas to diversify (include
facility operations).

Unrestricted Total Total
funds Restricted fends funds funds
Note 2020 2020
8		 2020 2019f
Income from:
Donations
and legacies		 193,067 251,408 444,475 221,075
Charitable
activities		 159,337 14,182 173,519 195,018
Other income 15,784
Total income 352,404 265,590 617,994 431,877
Expenditure
on:
Charitable
activities		 274,846 134,619 409,465 511,130
Total expenditure 274,846 134,619 409,465 511,130
Net income 77,558 130,971 208,529 (79,253)
Transfers between
funds		 15 (49,634) 49,634
Net movement
in funds		 27,924 180,605 208,529 (79,253)
Reconciliation offunds:
Total funds brought forward 164,045 7,794,017 7,958,062 8,037,315
Net movement
in funds		 27,924 180,605 208,529 (79,253)
Total funds carried forward 191,969 7,974,622 8,166,591 7,958,062

Note 2020
8		 20I9f
Fixed assets
Tangible assets 10 12,025,557 9,053,525
Investments II 50 50
12,025,607 9.053,575
Current
assets
Debtom 12 531,524 3./89,272
Cash at bank and in hand 114.812 44,4/8
646,336 3.233,690
Creditors: amounts fal)ing due within one year 13 (50/8352) /329,203)
Net current assets 140,984 2,904,487
Total assets less current liabilities 12,166,591 I/,958,067
Creditocc amounts falling due ager more than one
year 14 (4,000,000) Ig000,000/
Total net assets 8,166,591 7,958,062
Charity funds
Restricted funds 15 7,974,622 7.794,0/7
Unrestricted
funds		 15 191.969 /64, 045
Totalfunds 8,166,591 7,958,062

2020 2039
Cash flows from operating
activities
Net cash used in operating activities 3,052,883 2,742,239
Cash flows from investing activities
Purchase oftangible fixed assets (2,982,489) (2,834,256)
Net cash used in investing activities (2,982,489) (2,834,256)
Change in cash aad cash equivalents in the year 70,394 (92,017)
Cash and cash equivalenrs at the beginning ofthe year 44,418 136,435
Cash and cash equivalents at the end ofthe year 114,812 44,438
The notes on pages 22 to 38form part ofthese financial statements

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
Street games UK Limited 7,500
The Roger De Haan Charitable Trust - Skatepark 193,903 193,903
The Roger De Haan Charitable Trust - General Grant 98,500 7,065 105,565 128,500
Kent County Council 7,500 7,500 13,500
Live Well Kent 2,742
Kent Community Foundation 3,000 3,000
Sports England 7,700 7,700
General Donations 7,279 7,279 6,845
Kent Police Grant MHP 13,500 13,500 6,750
Folkestone Hythe District Council 2,000 28,000 30,000 55,238
Atlantic Adventure Donation 15,000 15,000
WG Edwards 1,440 1,440
Job Retention
Scheme Grant		 49,588 49,588
Rates Relief Grant 10,000 10,000
Total 2020 193,067 251,408 444,475 221,075
2019Total byfund 144,544 76,531 221,075

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
8
Promoting Sports in the Shepway District 19,783 14,182 33,965 61,324
Leadership and Coaching within Sports and Activities 139,554 139,554 133,694
Total 2020 159,337 14,182 173,519 195,018
Analysis of2019byfund 195,018 195,OJ8

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
K
Promoting Sports in the Shepway District 178,224 134,589 312,813 374,031
Delivering and Co-ordinating Sports within Schools snd
Clubs 84,463 30 84,493 119,806
Leadership and Coaching within Sports and Activities 12,159 12,159 17,293
274,846 134,619 409,465 511,130
Analysis of2019byfund 310,350 200,780 511,130
Analysis ofexpenditure by activities
Activities
undertaken Total Total
directly Support costs funds funds
2020 2020 2020 2019
Promoting Sports in the Shepway District 285,163 27,650 312,813 374,031
Delivering and Co-ordinating Sports within Schools and
Clubs 84,493 84,493 119,806
Leadership and Coaching within Sports and Activities 12,159 12,159 17,293
381,815 27,650 409,465 511,130
Analysis of2019by lype 478,117 33,013 511,130

Promoting
Sports in the
Shepway Total Total
District funds funds
2020 2020 2019
Depreciation 10,457 10,457 10,736
Subscriptions 212
Governance costs 17,193 17,193 ZZ,065
27,650 27,650 33,013
Total 2019 33,013 33,013
Auditors'
remuneration
2020f 2019
Fees payable to the charity's auditor for the audit ofthe charity's annual accounts 4,455 4,350
Fees payable to the charity's auditor in respect of:
All non-audit services not included above 720
Staffcosts
2020f 2019
Wages and salaries 258,835 253,444
Social security costs 15,455 16,842
Contribution to defined contribution pension schemes 3,967 2327
278,257 272,613
The average number ofpersons employed by the charity during the year was as follows:
2020 2019
No. No.
Average employees 12 12

Computer Computer
equipment and
Freehold Plant aad fixtures and
property machinery Motor vehicles fittings Total
8 g
Cost orvaluation
At 1 September 2019 9,033,195 4,598 35,000 9,274 9,082,067
Additions 2,980,693 1,277 519 2,982,489
At 31August 2020 12,013,888 5,875 35,000 9,793 12,064,556
Depreciation
At 1 September 2019 2,389 17,500 8,653 28,542
Charge for the year 1,266 8,750 441 10,457
At 31August 2020 3,655 26,250 9,094 38,999
Net book value
At 31 August 2020 12,013,888 2,220 8,750 699 12,025,557
At 31August 2019 9,033,195 2,209 17,500 621 9,053,525

Investments in
subsidiary
colllpanles
Cost or valuation
At I Septeinber 2019 50
At 31August 2020 50
Net book value
At 31August 2020 50
Ar 31August 2019 50
Principal subsidiaries
The following was a subsidiary undertaking ofthe charity:
Narae Holding
Shepway Sports Trust Trading Limited 100%
The financial results ofthe subsidiary for the year were:
Name Net assets
Shepway
Sports Trust Trading		 Limited 50
Investment
in		 subsidiaries have been valued at historical cost on the basis that it isadormant company.

2020 2019
8
Trade debtors 9,392 13,004
Other debtors 423,632 262,420
Prepayments and accrued income 98,500 2,913,848
531,524 3,189,272

2020 2019
Other loans 222,801 190,111
Trade creditors 263,100 105,436
Other taxation and social security 12,702 8,402
Other creditors 1,559 14,208
Accruals and deferred income 5,190 11,046
505,352 329,203

2,020 2019
K
4,000,000 4,000,000
2020 2019
g
4,000,000 4,000,000

Balance at 1
September Transfers Balance at31
2019 Income Expenditure in/out August 2020
K 8
Unrestricted funds
General Funds 164,045 352,404 (274,846) (49,634) 191,969
Restricted funds
Street Games Doorstep Pmgramme 14,603 (789) 13,814
Leadership
Academies		 9,912 9,912
Folkestone Sea Sports Centre 7,780 (33,484) 25,704
Urban Skate Park, Folkestooe 7,763,599 200,967 (43,595) 7,920,971
Minibus 978 652 (1,921) 291
Mental Health Projects 13,500 (21,886) 8,386
Fit and FedProject 16,899 (27,778) 10,879
Tallships project 4,925 25,000 29,925
Girl Riders 792 (5,166) 4,374
7,794,017 265,590 (134,619) 49,634 7,974,622
Total offunds 7,958,062 617,994 (409,465) 8,166,591

Statemeat of funds (continued)
Statement of funds - prior year
Balance at
I September Balance at
2018 Incotnef Expenditure
6		 Transfers in/out
6		 31August 2019
6
Unrestricted funds
General Funds 195,682 355,346 (310,350) (76,633) 164,045
Restricted funds
Street Games Doorstep Programme 7,103 7,500 14,603
Leadership
Academies		 9,912 9,912
Folkestooe Sea Sports Centre 7,796 (38,870) 31,074
Urban Skate Park, Folkestone 7,809,514 (45,915) 7,763,599
Minibus 558 2,000 (1,580) 978
Mental Health Projects 6,750 9,492 (35,092) 18,850
Fit and Fed Project 29,864 (37,703) 7,839
CLLD Project 14,954 (33,824) 18,870
Tsllships project 12,721 (7,796) 4,925
7,841,633 76,531 (200,780) 76,6'33 7,794,017
Total offunds 8,037,315 431,877 (51l,130) 7,958,062
Summary offunds
Summary offunds - current year
Balaace at I
September Transfers Balance at31
2019 Income Expenditure in/out August 2020
f.
General funds 164,045 352,404 (274,846) (49,634) 191,969
Restricted funds 7,794,017 265,590 (134,619) 49,634 7,974,622
7,958,062 617,994 (409,465) 8,166,591

Balance at
ISeptember Balance at
2018I Income Expenditure Transfers in/out 31August 2019
General funds 195,682 355,346 (310,350) (76,633) 164,045
Restricted funds 7,841,633 76,531 (200,780) 76,633 7,794,017
8,037,315 431,877 (511,130) 7,958,062
Analysis ofnet assets between funds
Analysis ofnet assets between funds - current period
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
Tangible fixed assets 11,669 12,013,888 12,025,557
Fixed asset investments 50 50
Current assets 461,486 184,850 646,336
Creditors
due within		 one year (281,236) (224,116) (505,352)
Creditors due in more than one year (4,000,000) (4,000,000)
Total 191,969 7,974,622 8,166,591
Analysis ofnet assets between funds - prior period
Unrestricted Total
funds Restricted funds funds
2019 2019I 2019
Tangible fixed assets 20,330 9,033,195 9,053,525
Fixed sssetinvestroents 50 50
Current assets 282,757 2,950,933 3,233,690
Creditors due within one year (139,092) (190,111) (329,203)
Creditors due in more than one year (4,000,000) (4,000,000)
Total 164,045 7,794,017 7,958,062

2020f 20/9
Net income/expenditure for the period (as per Statement ofFinancial Activities) 208,529 (79,253)
Adjustments
for:
Depreciation
charges		 10,457 10,736
Decrease in debtors 2,659,781 3,388,336
Increase/(decrease) in creditors 174,116 (577,580)
Net cash provided by operating activities 3,052,883 2,742,239
Analysis ofcash and cash equivalents
2020 20/9
Cash in hand 114,812 44,4/8
At 1
September At 31August
2019 Cash flows 2020
f f
Cash at bank and in hand 44,418 70,394 114,812
Debt due within I year (190,111) (32,690) (222,801)
Debt due after I year (4,000,000) (4,000,000)
(4,145,693) 37,704 (4,107,989)

leases as f ollows:
2020 2019
Not later than 1year 3,823 3,023
Later than 1 year and not later than 5 years 3 277 7,100
7,100 10,923