**REGISTERED CHARITY NUMBER: 1168775**
Report of the Trustees and
Financial Statements
for the Year Ended 31 August 2020
for
Gainsborough Trinity Foundation
Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG
Gainsborough Trinity Foundation
Contents of the Financial Statements for the Year Ended 31 August 2020
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Report of the Independent Auditors**|6|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|18|
|**Detailed Statement of Financial Activities**|19|to|20|
Gainsborough Trinity Foundation
## Report of the Trustees for the Year Ended 31 August 2020
The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. 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**
The objects of the charity as set out in its governing document are:
The relief of those in need by reason of youth, age, ill-health, gender, economic status, disability or other disadvantage in Lincolnshire by:
- the advancement of education and training
- the preservation and protection of good physical and mental health
- the promotion of community participation in healthy recreation by providing facilities for the playing of football and such other sports or physical activities which improve fitness and health (facilities means land, buildings, equipment and organising sporting activities)
- such other purposes recognised from time to time by law as charitable
Page 1
Gainsborough Trinity Foundation
## Report of the Trustees for the Year Ended 31 August 2020
## **OBJECTIVES AND ACTIVITIES Significant activities**
Our charity offers a number of activities in delivering their objectives:
## Holiday Clubs
Our Holiday Clubs are for 5-11 year olds and are aimed at children of all abilities to take part in an exciting day of fun filled football and sport activities.
## Mini Kickers
Mini Kickers provides children with an introduction to football coaching and a chance to develop their skills.
Sessions will provide young players with important FUNdamental movement skills, a range of football skills and most importantly social and interaction skills to help them reach their potential. By keeping group sizes small we can ensure high quality experience as children take their first steps into sports
All sessions are delivered by fully qualified and DBS checked staff in a fun, safe and structured environment.
Sessions are delivered during term time at our home Roses Sports Ground.
## Talent Development Centres (TDC)
Gainsborough Trinity Foundation Talent Development Centre is for primary school children aged under 6 to under 11. The TDC programme will run from our new state of the art Roses facility in the town centre.
These sessions run from 5:30 to 7:00 on a Thursday evening and will be coached be UEFA qualified coaches (or working towards) following a yearly syllabus focused on the individuals progress and development.
As well as the training sessions we will be running a regular games programme against other grassroots/development/academy teams.
Each player will receive a yearly report on their progress and coaches will be available to provide updates to parents throughout the season.
Players who are excelling will be pointed in the direction of various local football league academies that Gainsborough Trinity have a relationship with, our aim is to produce/assist as many local players as possible, no player showing consistent academy level football will ever be held back!
All players in this centre can play alongside their grassroots club and we encourage they do for maximum development opportunities.
## Wildcats- Ladies Football
Our Wildcats sessions are for ages 5-11 and are aimed at Girls of all abilities, introducing them to football, where they will work on football skills and play fun games.
There will be additional options to play in monthly festivals, hosted by Lincolnshire FA, around the county.
## Disability Sports
Our foundation strives to provide equal opportunities for everyone in our community, regardless of ability. Through coaching and training sessions available to all.
## Primary School Packages
We strive for excellence in the work that we deliver, providing a high-quality offering, whilst looking to make a significant impact within schools and the local community. Every pupil should be given the chance to excel, and our staff will create an environment which is fun, engaging and have the appropriate challenges to meet their needs and provide an overall positive experience.
The Gainsborough Trinity Foundation staff are trained to plan, deliver and evaluate sessions which are suitable for all learners. Our staff will link into your current planning and assessing procedures, helping or providing school reports, as well as supporting change and improvement to create lasting benefits to sport within your school.
The team also boasts vast knowledge and experience to work with your staff to improve their delivery of PE, build confidence when delivering specific elements of the curriculum, and broaden their awareness of effective teaching approaches. Our flexible approach and wide range of resources will allow us to support and engage with teachers to meet their specific CPD requirements though Sports Premium funding.
## Development of Facilities
The charity looks to work with grant providers, local councils and businesses for opportunities to develop sporting facilities in the area for the benefit of the local community.
Page 2
Gainsborough Trinity Foundation
## Report of the Trustees for the Year Ended 31 August 2020
## **OBJECTIVES AND ACTIVITIES**
## Gainsborough Spoke
Our charity along with other partners facilitates mental health and wellbeing workshops at Roses Sports Ground available to the local community.
## **Public benefit**
In deciding the activities of the charity the trustees have had due regard to the guidance on public benefit published by the Charity Commission.
## **Volunteers**
The charity had 28 volunteers during the year. These assisted in the running of courses and coaching.
All volunteers were subject to the required Disclosure and Barring Service (DBS) checks.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the period the main activity that the charity undertook was the project at Roses sports ground where it was assigned the lease from the local council. Following funding from the Football Foundation and West Lindsey District Council the charity had new 3G football pitches constructed on the ground. This has created a significant improvement to the facilities in the area allowing for more people to gain benefit from utilising them and for an expansion of classes and activities. A secondary benefit of this is the impact on the local community as with further classes and the operation of the social club has allowed for further jobs to be available to local residents.
During the period the charity ran Mini Kickers, Talent Development Centres, Wildcats and Disability Sports classes to 60 people in the period. Due to the completion of the 3G facilities in the current year, the charity did not have the full use of the facility and so expects the numbers of beneficiaries to increase in the coming year.
The charity helped 6 local Primary schools in the period in delivering their physical education programmes.
The charity also helped facilitate the Gainsborough SPOKE which is a project to help mental health within Gainsborough. The project uses the Roses sports ground sports and social facilities to create an environment where services can be delivered to the community. The charity works with other local entities in order to share specialisms so that the beneficiary can receive the best service possible.
## **FINANCIAL REVIEW**
## **Financial position**
At the year end the charity had overall funds of £921,651 of which £865,446 were restricted and £56,205 were unrestricted funds.
The main impact on the charity in the period was the transfer of the lease for Roses Sports Ground along with the construction of 3G facilities.This was undertaken following the receipt of funding from the Football Foundation and West Lindsey District Council. The new facilities have allowed the charity to relocate their community team to the site, increased the level of facilities in the area and allowed for other health and wellbeing activities to be undertaken at the site.
The capital cost of the 3G pitches was £753,704 and the carried forward value of £715,813 represents the majority of the restricted funds of the charity. The restricted funds also include part of a tractor purchased in the year carried forward at £51,453. There was also a debtor of £33,489 for unclaimed grant amounts and the remaining unexpended cash on restricted projects of £64,690.
Unrestricted reserves were made up of fixed assets of £73,007 with net current liabilities of £16,801. This is due to large creditors from related parties supporting the cashflow prior to additional funding coming in.
## **Reserves policy**
The charity aims to hold unrestricted reserves equivalent to six months of expenditure so that if funding reduced it was able to carry out its activities for this period whilst further funding was gained.
The level of six months funding would be £90,000 based on the current year. At the year end the charity had unrestricted reserves of £50,647 which is currently below this figure. As there has been a significant transition in the size of the charity and its activities this appears reasonable but the trustees are to monitor this alongside delivering the objectives in order to increase this to the desired level. The trustees will also review the liquidity of funds in order to ensure that the charity has sufficient free reserves.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 3
Gainsborough Trinity Foundation
## Report of the Trustees for the Year Ended 31 August 2020
The charity is controlled by its governing document, its constitution and is a Charitable Incorporated Organisation registered with the Charity Commission.
## **Recruitment and appointment of new trustees**
New trustees will be appointed by the existing trustees of the charity based on the expertise that they will offer to the board. The trustees regularly review the skill sets of the board and where there is a need for certain skills to be added will approach appropriate candidates to join the board.
The governing document describes the eligibility for trusteeship and any new trustee application to the board will be reviewed in line with these requirements.
## **Organisational structure**
The charity is governed by it's Board of Trustees who decide on the overall running and governance of the charity. The board meet on a quarterly basis to review matters facing the charity with decisions being taken based on an overall majority.
During the COVID pandemic, the frequency of meetings was increased so that these were on a weekly or monthly basis with the management of the charity to ensure that performance, safeguarding and financial reviews were undertaken more often in this uncertain time.
## **Decision making**
Decisions are voted on by the board of trustees. Each trustee has one vote and in the event of a tie, the chairperson has the deciding vote.
All trustees declare any conflicts of interests at the start of the meeting and would be unable to vote on any decision where a conflict arises.
## **Induction and training of new trustees**
All Trustees receive reference material from the Charity Commission website. Specific items relating to the Charity are discussed as a Board in the Trustee meetings.
## **Key management remuneration**
The Trustees consider the role and responsibilities of key management personnel and review the remuneration package in line with similar entities. Annual appraisals and pay reviews on key management personnel are undertaken based on the individual's performance of their duties and fulfilment of the objectives of the charity in the period.
## **Related parties**
None of our trustees recevie remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with a customer, supplier or staff member must be disclosed to the full board of trustees.
The charity works closely and is associated with Gainsborough Trinity Football Club in delivering its activities and benefits to the local community. Whilst the charity is responsible for undertaking the activities support is given from the football club and businesses of its chairman through volunteer hours, administrative services and assistance.
## **COVID- 19**
The charity was impacted greatly by the COVID 19 pandemic with all team activities suspended from 23 March 2020. There was a brief re-opening of activities in July when some of the initial sanctions were lifted but the charity only had 7 months where it operated as normal.
In response to the pandemic and uncertainty, the charity furloughed staff who were unable to work and reclaimed the employee costs via the furlough scheme. The charity was also in receipt of government funding based on the ratable value receiving £14,000 in the period toward establishment costs.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1168775
## **Principal address**
Northolme Gainsborough Lincolnshire DN21 2QW
Page 4
Galnsboro
Fo
Trustees
G H Lynner
R Stdlar&Kan
M Bol8S
Mrs l D St*rd4(a
Audltorn
WryJhtVKJar Limltod
Stawknry Auditors
Chartere(J AcCntsnts a Business Advws
15 Neand
Lincdn
Lincdn8hiro
LN1 IXG
STATEMENT OF TRUSTEES. RESPONS181LmES
The tN51ees are responsibl8 lor preparing Ihe Report of Ihe Trustees and slaterlS in wilh
applica¢ law and united *xcx)untirvJ Stsndards Iunited Krydn Genefdtyfv£cept8d Accounb"ng Practi¢èl
The law applicable to thaiiti.es in Engla)d arnj WJes. Ihè C?be$ 2011, Charity (Accounts and Rep)Ttsl
Regtitin$ 2008 and the prowisions of the lrytst deed Nuwes ts trustees to wepare fiThanc¥al statsments for eacl)
finanua year which give 8 twe and fair e* of the of affairs tsf the d)arty an(J of Ihe ir*oming resour aftd
apFAication of resources. induding the inc4yne aNI expen(hbJre. of thg charity f(K that In PTeparsn9 those *nandal
statsrnents. the truste8s are reqirired to
. selecisultable &CTAbnting rKAogs and than apF4y Ihem
ob58rve the melhojs aThJ Wn(ae$ in the Charity SORP".
make judgements and esbmales Ihat are asOnae and prwlenL
stste whether applicatA¢ acwuntir¥J srdS ha¥8 Ic4o*ed. tfje to any matefial departffts and
explain&l in the nala1 ststernents".
prepare the finan(xal statertwnts on th8 corwn urrfess rt is inapkyopnate to wesurnè Ihat Ihe charity win
conbnue in busness.
The Intstees re5pon98 afflj ¢[$ dlsdose *ith feascfflable ¥r3¢Y at ary
me fhe finanL7al pOSrti of lh8 charty and to enable Ihem to ensure Ihat the finarKrdl ststements CoMY vith Ihe
Chantes Act 2011. the Charty IAets)unts and Reports) ReguL4bons 2008 aThY the provtsions of Ihe trust deed. They are
also responsiblt for 5afeguardTrig the a55ets of ts (knty and her feag)nabie steps for Ihe IYetKIn and
deteclion of fraj and other irregulariti.es.
by crter ofthe b03rd oftrustees on 25 May 2021 and on ts behalf ty.
R StdL8r&Kane-TnJstee
Poge 5
Report of the Independent Auditors to the Trustees of Gainsborough Trinity Foundation
## **Opinion**
We have audited the financial statements of Gainsborough Trinity Foundation (the 'charity') for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 August 2020 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 6
Report of the Independent Auditors to the Trustees of Gainsborough Trinity Foundation
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 15 Newland Lincoln Lincolnshire LN1 1XG
25 May 2021
Page 7
Gainsborough Trinity Foundation
## Statement of Financial Activities for the Year Ended 31 August 2020
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Sports activities
Education
Health and wellbeing
Other trading activities
3
Other income
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Sports activities
Education
Health and wellbeing
**Total**
**NET INCOME**
**Transfers between funds**
13
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
18,778
36,784
-
-
47,200
173
102,935
33,537
24,697
-
27,227
85,461
17,474
17,704
35,178
21,027
56,205|Restricted
funds
£
909,515
42,750
-
39,464
-
-
991,729
-
102,050
-
6,529
108,579
883,150
(17,704)
865,446
-
865,446|2020
Total
funds
£
928,293
79,534
-
39,464
47,200
173
1,094,664
33,537
126,747
-
33,756
194,040
900,624
-
900,624
21,027
921,651|2019
Total
funds
£
8,275
69,359
1,750
-
-
-|
|---|---|---|---|---|
|||||79,384
-
67,098
1,302
-|
|||||68,400|
|||||10,984
-|
|||||10,984
10,043|
|||||21,027|
The notes form part of these financial statements
Page 8
## Gainsborough Trinity Foundation
## Balance Sheet
## 31 August 2020
|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|£|£|£|£|
|**FIXED ASSETS**||||||
|Tangible assets|10|73,007|767,266|840,273|-|
|**CURRENT ASSETS**||||||
|Debtors|11|42,781|33,489|76,270|-|
|Cash at bank and in hand||50,197|64,690|114,887|21,027|
|||92,978|98,179|191,157|21,027|
|**CREDITORS**||||||
|Amounts falling due within one year|12|(109,779)|-|(109,779)|-|
|**NET CURRENT ASSETS**||(16,801)|98,179|81,378|21,027|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||56,206|865,445|921,651|21,027|
|**NET ASSETS**||56,206|865,445|921,651|21,027|
|**FUNDS**|13|||||
|Unrestricted funds||||56,206|21,027|
|Restricted funds||||865,445|-|
|**TOTAL FUNDS**||||921,651|21,027|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 May 2021 and were signed on its behalf by:
R Stallard-Kane - Trustee
The notes form part of these financial statements
Page 9
## Gainsborough Trinity Foundation
|Cash Flow Statement
for the Year Ended 31 August 2020
2020
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
980,579
Net cash provided by operating activities
980,579
**Cash flows from investing activities**
Purchase of tangible fixed assets
(886,719)
Net cash (used in)/provided by investing activities
(886,719)
**Change in cash and cash equivalents in**
**the reporting period**
93,860
**Cash and cash equivalents at the**
**beginning of the reporting period**
21,027
**Cash and cash equivalents at the end of**
**the reporting period**
114,887|2019
£
10,984|
|---|---|
||10,984|
||-|
||-|
|||
||10,984
10,043|
||21,027|
The notes form part of these financial statements
Page 10
Gainsborough Trinity Foundation
## Notes to the Cash Flow Statement for the Year Ended 31 August 2020
|**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
2020
£
**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
900,624
**Adjustments for:**
Depreciation charges
46,446
Increase in debtors
(76,270)
Increase in creditors
109,779
**Net cash provided by operations**
980,579
2.
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1.9.19
Cash flow
£
£
**Net cash**
Cash at bank and in hand
21,027
93,860
21,027
93,860
**Total**
21,027
93,860|2019
£
10,984
-
-
-|2019
£
10,984
-
-
-|
|---|---|---|
||10,984||
||At 31.8.20
£
114,887
114,887
114,887||
|||114,887|
|||114,887|
The notes form part of these financial statements
Page 11
Gainsborough Trinity Foundation
## Notes to the Financial Statements for the Year Ended 31 August 2020
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities Act 2011. 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.
## **Expenditure**
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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Sports Facilities 10% on reducing balance - Plant and machinery 25% on reducing balance - Fixtures and fittings 25% on reducing balance Computer equipment - 33% on cost
## **Taxation**
The charity is exempt from 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. DONATIONS AND LEGACIES**
|Donations
Grants|2020
£
3,691
924,602
928,293|2019
£
8,275
-|
|---|---|---|
|||8,275|
Page 12
continued...
Gainsborough Trinity Foundation
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
## **2. DONATIONS AND LEGACIES - continued**
Grants received, included in the above, are as follows:
|West Lindsey District Council
Football Foundation
Clothworkers
Rotary
Lincolnshire County Council
College
Covid funding
**3.**
**OTHER TRADING ACTIVITIES**
Shop income
Sponsorships
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Open sessions
Sports activities
Facilities hire
Sports activities
Grants
Sports activities
Grants
Education
Grants
Health and wellbeing
Grants received, included in the above, are as follows:
National League Funding
West Lindsey District Council
Education funding
Riverside Access & Training Centre
NHS South West Lincolnshire
Lincolnshire FA
Lincoln Sports Partnership|2020
£
150,000
734,994
15,000
2,240
1,000
500
20,868
924,602
2020
£
44,147
3,053
47,200
2020
£
15,924
2,560
61,050
-
39,464
118,998
2020
£
34,000
14,000
-
14,464
25,000
300
8,750
96,514||2019
£
-
-
-
-
-
-
-|
|---|---|---|---|
||||-|
||||2019
£
-
-|
||||-|
||||2019
£
35,359
-
34,000
1,750
-|
||||71,109|
||||2019
£
26,000
8,000
1,750
-
-
-
-|
||||35,750|
Page 13
continued...
Gainsborough Trinity Foundation
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
## **5. RAISING FUNDS**
## **Raising donations and legacies**
||**Raising donations and legacies**|||||
|---|---|---|---|---|---|
||||2020|2019||
||||£|£||
||Staff costs||10,722||-|
||Depreciation||740||-|
||||11,462||-|
||**Other trading activities**|||||
||||2020|2019||
||||£|£||
||Purchases||20,320||-|
||**Investment management costs**|||||
||||2020|2019||
||||£|£||
||Kitchen and bar equipment||1,755||-|
||Aggregate amounts||33,537||-|
|**6.**|**CHARITABLE ACTIVITIES COSTS**|||||
||||Support|||
|||Direct|costs (see|||
|||Costs|note 7)|Totals||
|||£|£|£||
||Sports activities|44,434|82,313|126,747||
||Health and wellbeing|20,011|13,745|33,756||
|||64,445|96,058|160,503||
|**7.**|**SUPPORT COSTS**|||||
|||||Information||
|||Management|Finance|technology||
|||£|£|£||
||Sports activities|49,512|84|16,645||
||Health and wellbeing|3,619|41|6,170||
|||53,131|125|22,815||
|||Human|Governance|||
|||resources|costs|Totals||
|||£|£|£||
||Sports activities|234|15,838|82,313||
||Health and wellbeing|116|3,799|13,745||
|||350|19,637|96,058||
Page 14
continued...
Gainsborough Trinity Foundation
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
## **9. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
||2020|2019|
||£|£|
|Wages and salaries|57,225|51,189|
|Social security costs|3,423|-|
|Other pension costs|551|-|
||61,199|51,189|
|The average monthly number of employees during the year was as follows:|||
||2020|2019|
|Charity staff|6|3|
No employees received emoluments in excess of £60,000.
## **10. TANGIBLE FIXED ASSETS**
|Sports
Plant and
Facilities
machinery
£
£
**COST**
Additions
753,704
88,656
**DEPRECIATION**
Charge for year
37,891
5,068
**NET BOOK VALUE**
At 31 August 2020
715,813
83,588
At 31 August 2019
-
-
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
VAT|Fixtures
and
fittings
£
38,068
3,124
34,944
-|Computer
equipment
£
6,291
363
5,928
-
2020
£
35,094
33,489
7,687
76,270|Totals
£
886,719|Totals
£
886,719|
|---|---|---|---|---|
||||46,446||
||||840,273||
|||||-|
|||||2019
£
-
-
-|
|||||-|
## **11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Page 15
continued...
Gainsborough Trinity Foundation
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||||2020|2019|
|---|---|---|---|---|---|
|||||£|£|
||Trade creditors|||101,533|-|
||Taxation and social security|||2,426|-|
||Other creditors|||5,820|-|
|||||109,779|-|
|**13.**|**MOVEMENT IN FUNDS**|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.9.19|in funds|funds|31.8.20|
|||£|£|£|£|
||**Unrestricted funds**|||||
||General fund|21,027|17,475|17,704|56,206|
||**Restricted funds**|||||
||Roses Sports Ground- 3G Pitches|-|788,683|-|788,683|
||Kitchen|-|3,240|(3,240)|-|
||Gainsborough Spoke Project|-|20,554|-|20,554|
||Riverside Access and Training Centre|-|14,464|(14,464)|-|
||Roses Sports Ground- Grass|-|4,755|-|4,755|
||Roses Sports Ground- Tractor|-|51,453|-|51,453|
|||-|883,149|(17,704)|865,445|
||**TOTAL FUNDS**|21,027|900,624|-|921,651|
||Net movement in funds, included in the above|are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||102,935|(85,460)|17,475|
||**Restricted funds**|||||
||Roses Sports Ground- 3G Pitches||834,754|(46,071)|788,683|
||Kitchen||3,240|-|3,240|
||Gainsborough Spoke Project||25,001|(4,447)|20,554|
||Furlough||6,280|(6,280)|-|
||Riverside Access and Training Centre||14,464|-|14,464|
||Lincoln Sports Partnership||8,750|(8,750)|-|
||Roses Sports Ground- Grass||10,337|(5,582)|4,755|
||Roses Sports Ground- Tractor||54,903|(3,450)|51,453|
||National League Project Funding||34,000|(34,000)|-|
||||991,729|(108,580)|883,149|
||**TOTAL FUNDS**||1,094,664|(194,040)|900,624|
Page 16
continued...
Gainsborough Trinity Foundation
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
||Net||
|---|---|---|
||movement|At|
|At 1.9.18|in funds|31.8.19|
|£|£|£|
|**Unrestricted funds**|||
|General fund
10,043|10,984|21,027|
|**TOTAL FUNDS**
10,043|10,984|21,027|
|Comparative net movement in funds, included in the above are as follows:|||
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|**Unrestricted funds**|||
|General fund
79,384|(68,400)|10,984|
|**TOTAL FUNDS**
79,384|(68,400)|10,984|
## Roses Sports Ground- 3G Pitches
This is funding received for the 3G pitches project at Roses Sports Ground received from the Football Foundation (£669,754) and West Lindsey District Council (£150,000).
The Football Foundation funding has a 21 year claw back and a requirement for two cycles of carpet costs to be provided into a sinking fund. Due to the potential claw back, the asset is restricted until this period elapses.
## Kitchen
The charity received funding towards a new kitchen at the Roses Sports Ground from the Rotary Club and Lincolnshire County Council.
## Gainsborough Spoke Project
This is funding received for facilitating and delivering the Gainsborough Spoke mental health and wellbeing programme.
## Furlough
This fund relates to amounts received from the Government as part of its response to the COVID-19 pandemic. This is restricted to cover the employment costs of the individuals placed on furlough.
## Riverside Access and Training Centre
This is specific funding from the Riverside Access and Training Centre towards the Winter Pressures and Gainsborough Spoke programmes which is hosted at the Roses Sports Ground.
## Lincoln Sports Partnership
This related to monies from the Lincoln Sports Partnership restricted for use on sporting activities.
## Roses Sports Ground- Grass
This funding was received from the Football Foundation for the development of grass pitches.
## Roses Sports Ground- Tractor
This funding was received from the Football Foundation for the purchase of a tractor for maintenance. The funding is subject to a 5 year claw-back and so the asset is to be carried forward as a restricted fund until this time elapses.
## National League Project Funding
This relates to funds received from the National League for specific sporting projects.
Page 17
continued...
Gainsborough Trinity Foundation
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
## **13. MOVEMENT IN FUNDS - continued**
## **Transfers between funds**
During the period a transfer of £3,240 was made from the Kitchen Fund to General Funds to cover a proportion of the spend on the kitchen in line with the restrictions.
There was also a transfer of £14,464 from the Riverside Access and Training Centre Fund to General funds to cover part of the spend on the Gainsborough Spoke and Winter Pressures project costs in line with the restrictions.
## **14. RELATED PARTY DISCLOSURES**
During the period the charity made sales of £400 and had purchases of £4,792 with Gainsborough Trinity Football Club, a company in which trustees R E Stallard-Kane and D Ashley are directors. The net balance due to the company at the year end was £4,392.
The charity also had purchases of £42,191 with Stallard Kane Associates Limited, a company in which trustees R E Stallard-Kane and I D Stallard-Kane are directors. The balance due to company at the year end was £42,191.
Page 18
Gainsborough Trinity Foundation
## Detailed Statement of Financial Activities for the Year Ended 31 August 2020
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Other trading activities**
Shop income
Sponsorships
**Charitable activities**
Open sessions
Facilities hire
Grants
**Other income**
Other income
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Wages
Social security
Plant and machinery
**Other trading activities**
Purchases
**Investment management costs**
Kitchen and bar equipment
**Charitable activities**
Wages
Social security
Pensions
Facility hire
Kit and equipment
Travel
Team fees
Coaches
Clothing costs
**Support costs**
**Management**
Rates and water
Carried forward|2020
£
3,691
924,602
928,293
44,147
3,053
47,200
15,924
2,560
100,514
118,998
173
1,094,664
10,315
407
740
11,462
20,320
1,755
46,910
3,016
551
2,944
5,860
584
2,092
1,585
903
64,445
149
149|2019
£
8,275
-|
|---|---|---|
|||8,275
-
-|
|||-
35,359
-
35,750|
|||71,109
-|
|||79,384
-
-
-|
|||-
-
-
51,189
-
-
8,636
2,038
4,850
-
-
-|
|||66,713
-
-|
This page does not form part of the statutory financial statements
Page 19
## Gainsborough Trinity Foundation
|Detailed Statement of Financial Activities
for the Year Ended 31 August 2020
**Management**
Brought forward
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Computer costs
Cleaning
Sports facilities
Plant and machinery
Fixtures and fittings
Computer equipment
**Finance**
Bank charges
**Information technology**
Repairs and renewals
**Human resources**
Training
**Governance costs**
Auditors' remuneration
Auditors' remuneration for non audit work
Legal and professional
Total resources expended
**Net income**|2020
£
149
871
1,929
74
681
2,135
845
437
304
37,891
4,328
3,124
363
53,131
125
22,815
350
3,800
1,950
13,887
19,637
194,040
900,624|2019
£
-
229
-
-
70
-
-
-
-
-
-
-
-|
|---|---|---|
|||299
60
-
1,328
-
-
-|
|||-|
|||68,400|
|||10,984|
This page does not form part of the statutory financial statements
Page 20