| Trustees | P.S.Camey | ||||
|---|---|---|---|---|---|
| D.Collins | |||||
| 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. Simmonds | |||||
| Company | registered | number | OS623233 | ||
| Charity | registered | aumber | 1155522 | ||
| Registered | ogice | Three Hills Sports Park | |||
| Cheriton Road | |||||
| Folkestone | |||||
| Kent | |||||
| CTI9 5JU | |||||
| Independent | auditors | UHY Kent LLP | |||
| Chartered Accountants | |||||
| Thames House | |||||
| Roman Square | |||||
| Sittingbourne | |||||
| Kent | |||||
| MEI0 4BJ |
| F51Urban | Skate Park | ||
|---|---|---|---|
| Delay in the | opening ofF51 | and | Although the funding from RDHCT is being reduced, all programmes |
| thereby adelay in income | are developed to be sustainable and so the impact ofF51 should |
||
| generation. | remain as apositive benefit, rather than underwriting core activities |
||
| ofthe Trust. | |||
| We have continued to work with contractor and consultant team to |
|||
| ensure schedules are being met and continuous dialog with main |
|||
| stakeholders. No major tixed costs yet being incurred. The terms of |
|||
| the loan has payback related to the performance ofan open F51. | |||
| Continuing | impact ofCovid-19 | ||
| Inability to meet activities as | The govemrnent has been keen to keep schools open, and whilst there |
||
| required by | schools and the | effect on | have been a number ofsignificant challenges our adapted offering to |
| that source ofincome. | allow for online elements ofour packages (including schools games) |
||
| has enabled provision and reputation within schools to continue. |
|||
| Less ofkey | staff | ||
| Loss ofkey | staff would affect key | Good working relationships between the team and weekly meetings |
|
| areas ofwork delivery and other |
to ensure any issues discussed. Key areas ofwork template tobe |
||
| staff members may not have |
the same | produced and reviewed to ensure we have the ability and knowledge |
|
| skill set | to cover key areas ofwork with loss ofan employees. | ||
| Senior leaders are asked to provide succession plans to ensure the | |||
| charity isnot too impacted by the loss ofkey staff. |
| Loss ofschool i | ncome | |||
|---|---|---|---|---|
| Primary schools | lose their funding | We continue to strengthen | the relationships with all schools so that |
|
| and stop buying | into the Charity's | we are in the best position | to continue working |
with them ifthere is |
| services. | any change in the funding | landscape. A number | ofTrustees are | |
| experienced in this area and are able to help the |
charity plan | |||
| accordingly. | ||||
| We continue to look at other areas to diversify | (including facility |
|||
| operations). |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| Restricted fuads | funds | funds | ttatds | ||
| Note | 2021 8 |
2021 | 2021f | 2020 | |
| Income from: | |||||
| Donations aud legacies |
1,823,009 | 207,674 | 2,030,683 | 444,475 | |
| Charitable activities |
17,209 | 87,199 | 104,408 | I73,519 | |
| Total income | 1,840.218 | 294,873 | 2,135,091 | 6'I7,994 | |
| Expenditure on: |
|||||
| Charitable activities |
95,283 | 333,710 | 428,993 | 409,465 | |
| Total expenditure | 95,2S3 | 333,710 | 428,993 | 409,465 | |
| Net income/(expenditure) | 1,744,935 | (38,837) | 1,706,098 | 208,529 | |
| Transfers between funds | 15 | 10,097 | (10,097) | ||
| Net movement in funds |
1,755,032 | (48,934) | 1,706,098 | 208,529 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 7,974,622 | 191,969 | 8,166,591 | 7,958,062 | |
| Net movement in funds |
1,755,032 | (48,934) | 1,706,098 | 208,529 | |
| Total funds carried forward | 9,729,654 | 143,035 | 9,872,689 | 8,166,59J' |
| Note | 2021 | 2020f | |||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Tangible assets | 10 | 13,620,487 | 12,025,557 | ||||
| Investments | 11 | 50 | 50 | ||||
| 13,620,537 | 12,025,607 | ||||||
| Current assets | |||||||
| Debtors | 12 | 428,459 | 531,524 | ||||
| Cash at bank and in | hand | 102,771 | 114,812 | ||||
| 531,230 | 646,336 | ||||||
| Creditors: amounts | falling | due within one year | 13 | (279,078) | (505,352) | ||
| Net current assets | 252,152 | 140,984 | |||||
| Total assets less current | liabilities | 13,872,689 | 12,166,591 | ||||
| Creditors: amounts | falling | due aner more than one | |||||
| year | (4,000,000) | (4,000,000) | |||||
| Total net assets | 9,872,689 | 8,166,591 | |||||
| Charity funds | |||||||
| Restricted funds |
15 | 9,729,654 | 7,974,022 | ||||
| Unrestricted funds |
15 | 143,035 | 191,969 | ||||
| Total funds | 9,872,689 | 8,166,591 |
| 2021 8 |
2020I | ||||
|---|---|---|---|---|---|
| Cash tlows from operating | activities | ||||
| Net cash used in operating | activities | 1,594,361 | 3,052,883 | ||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets | (1,606,402) | (2,982,489) | |||
| Net cash used in investing | activities | (1,606,402) | (2,982,489) | ||
| Change in cash and cash equivalents |
in the year | (12,041) | 70,394 | ||
| Cash aud cash equivalents | at the beginning ofthe year | 114,812 | 44,418 | ||
| Cash and cash equivalents | at the end | ofthe year | 102,771 | II4,8I2 | |
| The notes on pages 22 to 38 form purt | ofthese financial | statements |
| Restricted | Iinrestricted | Total | Terai | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 g |
2020f | ||
| Donations and grants |
|||||
| The Roger De Haan Charitable | Trust - Skatepark | 1,765,548 | 1,765,548 | 193,903 | |
| The Roger De Haan Charitable | Trust - general Grant | 68,500 | 68,500 | 105,565 | |
| Kent County Council | 17,075 | 17,075 | 7500 | ||
| Kent Community Foundation |
7,500 | 7,500 | 3,000 | ||
| Sports England | 7,700 | ||||
| Kent Poice Grant MHP | 13,500 | ||||
| Folkestone Hythe District Council |
14,000 | 14,000 | 30,000 | ||
| Atlantic Adventure Donation |
15,000 | ||||
| WG Edwards | 1,440 | ||||
| The Education People | 12,810 | 12,810 | |||
| Channel Rotary Club (Folkestone) |
3,000 | 3,000 | |||
| National Lottery | 9,736 | 9,736 | |||
| The Football Association | 6,000 | 6,000 | |||
| Ashford and Weald Sohools FA | 2,590 | 2,590 | |||
| Charities Trust | 1,000 | 1,000 | |||
| General donations | 750 | 11,742 | 12,492 | 7,279 | |
| Subtotal detailed disclosure | 1,823,009 | 97,242 | 1,920,251 | 384,887 | |
| Government grants |
110,432 | 110,432 | 59,588 | ||
| 1,823,009 | 207,674 | 2,030,683 | 444,475 | ||
| Analysis of2020 byfund | 251,408 | 193,067 | 444,475 |
| Restricted | Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021f | 2021 0 |
2021 8 |
2020 | ||||
| Promoting | Sports in the Shepway District | 17,209 | 18,532 | 35,741 | 33,965 | ||
| Leadership | and Coaching | within Sports | snd Activities | 68.667 | 68,667 | 139,554 | |
| 17,209 | 87,199 | 104,408 | 173,519 | ||||
| Analysis of2020 byfund | 14,182 | 159,337 | 173,519 | ||||
| Analysis ofexpenditure | on charitable | activities |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Promoting | Sports in the Shepway District | 95,283 | 279,368 | 374,651 | 312,843 | |
| Delivering | and Co-ordinating | Sports within Schools and | ||||
| Clubs | 51,617 | 51,617 | 83,791 | |||
| Leadership | and Coaching within Sports and Activities | 2,725 | 2,725 | 12,831 | ||
| 95,283 | 333,710 | 428,993 | 409,46'5 | |||
| Analysis of2020 byfund | 134,619 | 274,846 | 409,465 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Total | Total | ||||
| directly | Support costs | funds | funds | |||
| 2021f | 2021 0 |
2021 | 2020 | |||
| Promoting | Sports in the Shepway District | 341,525 | 33,126 | 374.651 | 312,843 | |
| Delivering | and Co-ordinating | Sports within Schools and | ||||
| Clubs | 51,617 | 51,617 | 83,791 | |||
| Leadership | and Coaching within Sports snd Activities | 2,725 | 2,725 | 12,831 | ||
| 395,867 | 33,126 | 428,993 | 409,4o5 | |||
| Analysis of2020 by type | 381,815 | 27,650 | 409,4o5 | |||
| Analysis ofsupport costs | ||||||
| Promoting | ||||||
| Sports in the | ||||||
| Shepway | Total | Total | ||||
| District | funds | funds | ||||
| 2021 | 2021 | 2020 | ||||
| 0 | ||||||
| Depreciation | 11,335 | 11,335 | 10,457 | |||
| Governance | costs | 21,791 | 21,791 | 17,193 | ||
| 33,126 | 33,126 | 27,650 | ||||
| Total 2020 | 27,650 | 27,650 | ||||
| Auditors' | remuneration | |||||
| 2021 | 2020 | |||||
| Fees payabl | e to the charity's | auditor for the audit ofthe charity's | annual accounts | 4,560 | 4,455 |
| 2021f | 2020 | |||
|---|---|---|---|---|
| Wages and | salaries | 252,865 | 258,835 | |
| Social security costs | 16,568 | l5,455 | ||
| Contribution | to defined contribution | pension schemes | 3,167 | 3,96'7 |
| 272,600 | 278,257 |
| 2021 | 2020 | ||
|---|---|---|---|
| No. | No. | ||
| Average | employees | 12 | 32 |
| Computer | Computer | |||||
|---|---|---|---|---|---|---|
| equipment | aad | |||||
| Freehold | Plant and | fixtures and | ||||
| property | machinery 8 |
Motor vehicles | fittings 8 |
|||
| Cost | ||||||
| At 1 September 2020 | 12.013,888 | 5,875 | 35,000 | 9,793 | 12,064,556 | |
| Additions | 1,601,642 | 2.400 | 2,360 | 1,606,402 | ||
| Disposals | (333) | (333) | ||||
| At 31August 2021 | 13,615,530 | 8,275 | 35,000 | 11,820 | 13,670,625 | |
| Depreciation | ||||||
| At 1 September 2020 | 3,655 | 26,250 | 9,094 | 38,999 | ||
| Charge for the year | 1,691 | 8,750 | 1,031 | 11,472 | ||
| On disposals | (333) | (333) | ||||
| At 31August 2021 | 5,346 | 35,000 | 9,792 | 50,138 | ||
| Net book value | ||||||
| At 31August 2021 | 13,615,530 | 2,929 | 2,028 | 13,620,487 | ||
| Ar3l August 2020 | l2,013,888 | 2.220 | 8,750 | 699 | l2,025,557 |
| Investments | in | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| subsidiary | |||||||||
| companies | |||||||||
| 8 | |||||||||
| Cost | |||||||||
| At I September 2020 | 50 | ||||||||
| At 31August | 2021 | 50 | |||||||
| Net book value | |||||||||
| At 31August | 2021 | 50 | |||||||
| At 312ngms | 2020 | 50 | |||||||
| Principal subsidiaries | |||||||||
| The foUowing | was a subsidiary | undertaking | ofthe charity: | ||||||
| Name | Company | Holding | |||||||
| number | |||||||||
| The Sports Trust Trading | Limited | 10351649 | 100% | ||||||
| The financial | results ofthe subsidiary | for the | year werc: | ||||||
| Name | Net assets | ||||||||
| 8 | |||||||||
| The Sports Trust Trading | Limited | 50 | |||||||
| Investment in |
subsidiaries | have | been | valued | at historical cost on the basis that it is a dormant | company. | |||
| 12. | Debtors | ||||||||
| 2021 | 2020 | ||||||||
| 8 | |||||||||
| Trade debtors | 18,564 | 9,392 | |||||||
| Other debtors | 338,640 | 423,632 | |||||||
| Piepayments | and accrued | income | 71,255 | 98,500 | |||||
| 428,459 | 53L524 |
| 2021 | 2020 | ||
|---|---|---|---|
| 8 | |||
| Other loans | 90,607 | 222,807 | |
| Trade creditors | 171,185 | 26'3,100 | |
| Other taxation and social security | 9,806 | 72,702 | |
| Other creditors | 2,290 | 1,559 | |
| Accruals and deferred | income | 5,190 | 5,790 |
| 279,078 | 505,352 |
| 2021 | 2020 |
|---|---|
| 4,000,000 | 4,000,000 |
| 2021 | 2020 |
|---|---|
| 4,000,000 | 4,000,000 |
| Statement offunds | ||||||
|---|---|---|---|---|---|---|
| Statement offunds | - current year | |||||
| Balance at I | ||||||
| September | Traasfers | Balance at31 | ||||
| 2020 | Income | Expenditure | in/out | August 2021 | ||
| 8 | 8 | 8 | ||||
| Unrestricted funds |
||||||
| General Fund | 191,969 | 294,873 | (333,710) | (10,097) | 143,035 | |
| Restricted funds |
||||||
| Street Games Doorstep Pmgramme | 13,814 | 13,814 | ||||
| Leadership Academies |
9,912 | 9,912 | ||||
| Folkestone Sea Sports Centre | 22,209 | (32,017) | 9,808 | |||
| Urban Skate Park, Folkestone | 7,920,971 | 1,765,548 | (34,798) | 9,651,721 | ||
| Mental Health Projects | 11,036 | (2,493) | 8,543 | |||
| Fit and Fed Project | 20,310 | (13,304) | 7,006 | |||
| Tallships project | 29,925 | (4,999) | 24,926 | |||
| The Barclays Girls | Football | |||||
| Partnership | 6,750 | (3,494) | 3,256 | |||
| Ashford Folkestone | Secondary School | |||||
| Games | 2,590 | (2,450) | 140 | |||
| Active Pride | 9,736 | 9,736 | ||||
| Skate Three Hills | 1,020 | (420) | 600 | |||
| Skate Folkestone Academy | 1,019 | (1,308) | 289 | |||
| 7,974,622 | 1,840,218 | (95,283) | 10,097 | 9,729,654 | ||
| Total offunds | 8,166,591 | 2,135,091 | (428,993) | 9,872,689 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1September | Balance at | |||||||
| 2019 | income | Expenditure | Transfers | tn/oat | 31dugast 2020 | |||
| Unrestricted | funds | |||||||
| General Fund | 164,045 | 352,404 | (Z74,846) | (49,634) | 191,969 | |||
| Restricted | funds | |||||||
| Street Games | Doorstep Programme | 14,603 | (789) | )3,814 | ||||
| Leadership | Academies | 9,912 | 9,912 | |||||
| Folkestone | Sea Sports Centre | 7,780 | (33,484) | 25,704 | ||||
| Urban Skate Park, Folkestone | 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 aud Fed Project | )6,899 | (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 | 7958,06'2 | 617,994 | (409,4o5) | 8,166,591 | ||||
| Summary | offunds | |||||||
| Summary | offunds - current year | |||||||
| Balance at I | ||||||||
| September | Transfers | Balance at31 | ||||||
| 2020 | Income | Expenditure | in/out | August 2021 | ||||
| 6 | 8 | |||||||
| General funds | 191,969 | 294,873 | (333,710) | (10,097) | 143,035 | |||
| Restricted | funds | 7,974,622 | 1,840,218 | (95,283) | 10,097 | 9,729,654 | ||
| 8,166,591 | 2,135,091 | (428,993) | 9,872,689 |
| Summary | offunds - prior ye | ar | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| ISeptember | Balance at | |||||
| 2019I | Income | Expenditure | Transfersin/out | 31dugust2020 | ||
| General funds | 164,045 | 3x2,404 | (Z74,846) | (49,6'34) | 191,9I59 | |
| Restricted | funds | 7,794,017 | 2I55,590 | (134,619) | 49,634 | 7,974,622 |
| 7,958,062 | 617,994 | (409,465) | 8,166;591 |
| Analysis | ofnet assets between funds - current year |
|||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021f | ||
| Tangible | fixed assets | 13,615,530 | 4,957 | 13,620,4II7 |
| Fixed asset investmcnts | 50 | 50 | ||
| Current assets | 190,892 | 340,338 | 531,230 | |
| Creditors | dne within one year | (76,768) | (202,310) | (279,078) |
| Creditors | dne in more than one year | (4,000,000) | (4,000,000) | |
| Total | 9,729,654 | 143,035 | 9,872,689 | |
| Analysis | ofnet assets between funds - prior year | |||
| (Inrestrtcted | Total | |||
| Restricted funds | funds | funds | ||
| 2020 | 2020 | 2020 | ||
| Tangible | fixed assets | IZ 013,888 | II,669 | 12,025,557 |
| Fixed asset investments | 50 | 50 | ||
| Current assets | 184,850 | 461,486 | 646,336 | |
| Creditors | due within one year | (224,116) | (281,236) | (505,352) |
| Creditors | dne in more than one year | (4,000,000) | (4,000,000) | |
| Total | 7,974,622 | 191,969 | 8,166,591 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 8 | |||||
| Net income | for the | year (as per Statement ofFinancial Activities) | 1,706,098 | 208,529 | |
| Adjustments | for: | ||||
| Depreciation | charges | 11,472 | 10,457 | ||
| Decrease in | debtors | 103,065 | 2,657,748 | ||
| Increase/(decrease) | in creditors | (226,274) | 176,I49 | ||
| Net cash provided | by operating | activities | 1,594,361 | 3,052,883 |
| 19. | Analysis ofcash and cash equivalents | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 8 | |||
| Cash in hand | 102,771 | II4,812 |
| At 1 | ||||
|---|---|---|---|---|
| September | At 31August | |||
| 2020 | Cash flows | 2021 | ||
| f | ||||
| Cash | at bank and in hand | 114,812 | (12,041) | 102,771 |
| Debt | dne within I year | (222,801) | 132,194 | (90,607) |
| Debt | dne after I year | (4,000,000) | (4,000,000) | |
| (4,107.989) | 120,153 | (3,987,836) |
| 2021 | 2020 | ||
|---|---|---|---|
| Not later | than 1year | 2,204 | 3,823 |
| Later than | 1 year and not later than 5years | 1,073 | 3,277 |
| 3,277 | 7,700 |