## 



## 

## 

|Reference<br>and Administrative<br>Details|Reference<br>and Administrative<br>Details|||
|---|---|---|---|
|Trustees' Report|||2 to 5|
|Strategic Report|||6to14|
|Statement ofTrustees'|Responsibilities||15|
|Independent<br>Auditors'|Report||16to 18|
|Consolidated<br>Statement|ofFinancial|Activities|19to 20|
|Consolidated<br>Balance|Sheet||21|
|Balance Sheet|||22|
|Consolidated<br>Statement|ofCash Flows||23|
|Notes to the Financial|Statements||24 to 51|





## 

||||||Lines Inspire Limited|Lines Inspire Limited|Lines Inspire Limited|Lines Inspire Limited|Lines Inspire Limited||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Reference and Administrative|||||Details|
|Chairman|||||M Towle||||||
|Trustees|||||A Bird||||||
||||||S Bhaduri||||||
||||||SJack||||||
||||||TWalker||||||
|Secretary|||||R Marshall||||||
|Senior Management|||Team||SWells, CEO||||||
||||||D Huddleston,|Finance Director|||||
||||||A Hipkins,<br>Head ofCultural||||Services||
||||||C Willianis,<br>General||Manager||||
||||||RTopliss, Contracts||and Performance|||Manager|
|Registered||Office|||Bradley Football Development||||Centre||
||||||Bradley Road||||||
||||||Grimsby||||||
||||||North East Lincolnshire||||||
||||||DN37 OAG||||||
||||||The charity is incorporated|||in|England.||
|Company||Registration||Number|08293679||||||
|Charity|Registration|||Number|1169071||||||
|Solicitors|||||Rickem Limited||||||
||||||64 Dagget Road||||||
||||||Cleethorpes||||||
||||||DN35 OEN||||||
|Bankers|||||Barclays Bank pic||||||
||||||35 Victoria Street||||||
||||||Grimsby||||||
||||||N E Lincolnshire||||||
||||||DN31 IDE||||||
|Auditor|||||Forrester Boyd||||||
||||||26 South Saint Mary's Gate||||||
||||||Grimsby||||||
||||||North East Lincolnshire||||||
||||||DN31<br>ILW||||||





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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|2021|
|||Note||||
|Income and Endowments|from:|||||
|Donations<br>and legacies|||5,868,897|189,669|6,058,566|
|Charitable<br>activities|||773,769||773,769|
|Other trading activities|||232,803||232 803|
|Investment<br>income|||791||791|
|Other income|||170,558||170,558|
|Total income|||7,046,818|189,669|7,236,487|
|Expenditure<br>on:||||||
|Raising funds|||(461,468)|(19,620)|(4&1,088)|
|Charitable<br>activities|||(6,497,001)|(79,785)|(6,576,786)|
|Total expenditure|||(6,958,469)|(99,405)|(7,057,874)|
|Net income|||88,349|90,264|178,613|
|Transfers<br>between<br>funds|||(15,408)|15,408||
|Other recognised<br>gains and losses||||||
|Actuarial<br>gains/ (losses) on|defined benefit pension schemes|26|(2,618,000)||(2.618,000)|
|Net movement<br>in funds|||(2,545,059)|105,672|(2,439,387)|
|Reconciliation<br>offunds||||||
|Total funds brought<br>forward|||(1,330,188)|219,380|(1,110,808)|
|Total funds carried forward||28|(3,875,247)|325,052|(3,550,195)|





## 

## 

||||||||Total|
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|2020|
||||||funds|funds|As restated|
|||||Note|K|||
|Income and Endowments||from:||||||
|Donations<br>and legacies|||||3,270,799|26,770|3,297,569|
|Charitable<br>activities|||||3,802,515||3,802,515|
|Other trading activities|||||1,964,010|41,273|2.005,283|
|Investment<br>income|||||7,791||7,791|
|Other income|||||489,388||4S9,388|
|Total income|||||9,534,503|68,043|9,602,546|
|Expenditure<br>on:||||||||
|Raising funds|||||(1,75S,333)|(15,408)|(1,773,741)|
|Charitable<br>activities|||||(7,984,973)|(63,108)|(8,048,081)|
|Total expenditure|||||(9,743,306)|(78,516)|(9,821,822)|
|Net expenditure|||||(20S,803)|(10,473)|(219,276)|
|Taxation||||||||
|Other recognised|gains and losses|||||||
|Actuarial<br>gains/ (losses) on||defined benefit pension|schemes||324,000||324,000|
|Net movement<br>in funds|||||115,197|(10,473)|104,724|
|Reconciliation<br>offunds||||||||
|Total funds brought|forward||||(1,445,385)|229,853|(1,215,532)|
|Total funds carried|forward|||28|(1,330,188)|219,3SO|(1,110,808)|





## 

## 

||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||||As restated|
|||||||Note|||
|Fixed assets|||||||||
|Intangible<br>assets||||||16|18,539||
|Tangible assets||||||17|574,290|826,432|
|Heritage assets||||||18|215,877|215,961|
||||||||808,706|1,042,393|
|Current<br>assets|||||||||
|Stocks||||||20|78,872|92,577|
|Debtors||||||21|434,393|408,327|
|Cash at bank and in hand||||||22|1,630,404|924,318|
||||||||2,143,669|1,425,222|
|Creditors: Amounts|falling||due|within|one year|7"J|(1,158,945)|(995,173)|
|Net current assets|||||||984,724|430,049|
|Total assets less current||liabilities|||||1,793,430|1,472,442|
|Creditors: Amounts|falling||due|after more than one year||74|(40,625)|(81,250)|
|Net assets excluding|pension||liability||||1,752.805|1,391,192|
|Pension scheme liability||||||26|(5,303,000)|(2,502,000)|
|Net liabilities<br>including||pension||liability|||(3,550,195)|(1,110,808)|
|Funds ofthe group:|||||||||
|Restricted income funds|||||||||
|Restricted<br>funds||||||28|325,052|219,380|
|Unrestricted<br>income|funds||||||||
|Unrestricted<br>funds|||||||(3,875,247)|(1,330,188)|
|Total funds||||||28|(3,550,195)|(1,110,808)|





## 

## 

|||||Balance Sheet as at 31|March 2021|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||||As restated|
||||||Note|||
|Fixed assets||||||||
|Intangible<br>assets|||||16|18,539||
|Tangible assets|||||17|423,500|657,603|
|Heritage assets|||||18|215,877|215,961|
|Investments|||||19|1|1|
|||||||657,917|873,565|
|Current assets||||||||
|Stocks|||||20|74,868|86,166|
|Debtors|||||71|428,953|591,289|
|Cash at bank and in hand|||||22|1,624,973|916,256|
|||||||2,128,794|1,593,711|
|Creditors: Amounts|falling due||within|one year|23|(1,029,600)|(643,625)|
|Net current assets||||||1,099,194|950,086|
|Total assets less current||liabilities||||1,757,111|1,823,651|
|Creditors: Amounts|falling due||after more than one year||24|(40,625)|(81,250)|
|Net assets excluding|pension liability|||||1,716,486|1,742,401|
|Pension scheme liability|||||26|(5,303,000)|(2,502,000)|
|Net liabilities<br>including||pension|liability|||(3,586,514)|(759,599)|
|Funds ofthe charity:||||||||
|Restricted income funds||||||||
|Restricted<br>hinds|||||78|117,593|12,408|
|Unrestricted<br>income|funds|||||||
|Unrestricted<br>funds||||||(3,704,107)|(772,007)|
|Total funds|||||78|(3,586,514)|(759,599)|





## 

## 

|||||2021|2020|
|---|---|---|---|---|---|
||||||As restated|
||||Note|||
|Cash flows froni operating<br>activities||||||
|Net cash (expenditure)/income||||(2,439,389)|104,724|
|Adjustments<br>to cash flows from non-cash||items||||
|Depreciation|||8|336,602|396,188|
|Amoitisation|||8|4,479||
|Investment<br>income|||6|(791)|(7,791)|
|Loss on disposal oftangible fixed assets|||ll|2,183|20,677|
|FRS102 actuarial<br>liability<br>adjustment||||2,801,000|(38,000)|
|Income taxes paid|||||(13,231)|
|||||704,084|462,567|
|Working capital adjustments||||||
|Decrease/(increase)<br>in stocks|||20|13,705|(46,739)|
|(Increase)/decrease<br>in debtors|||21|(26,066)|75,239|
|Increase/(decrease)<br>in creditors|||23|56,359|(342,419)|
|Increase/(decrease)<br>in deferred|income||24|107,415|(72,592)|
|Net cash flows from operating|activities|||855,497|76,056|
|Cash flows from investing<br>activities||||||
|Interest receivable<br>and similar|inconie||6|791|7,791|
|Purchase ofintangible<br>fixed assets|||16|(23,018)||
|Purchase oftangible<br>fixed assets|||17|(85,933)|(125,515)|
|Purchase ofheritage assets|||18|(626)||
|Net cash flows from investing|activities|||(108,786)|(117,724)|
|Cash flows from financing<br>activities||||||
|Repayment ofloans and borrowings|||23|(40,625)|(40,625)|
|Net increase/(decrease)<br>in cash|and cash equivalents|||706,086|(82,293)|
|Cash and cash equivalents<br>at I|April|||924,318|1,006,611|
|Cash and cash equivalents<br>at 31 March||||1,630,404|924,318|





## 

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## 

## 

## 

## 

|balances|and balance|sheet. Changes<br>have been made t|o correct these findings<br>as they are materi|al<br>to the financi|al<br>statements.|
|---|---|---|---|---|---|
||||||Relating to|
||||Relating to|Relating to|prior periods|
||||the current|the prior|before the|
||||period|period|prior period|
||||disclosed in|disclosed<br>in|disclosed in|
||||these financial|these financial|these financial|
||||statements|statements|statements|
|Other income||||(32,172)|(213,976)|
|Total funds brought||forward|(246,148)|(213,976)|(213,976)|
|Creditors|due within|one year|246,148|246,148|213,976|



## 

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## 

## 

||Notes to the Financial Stateme|nts<br>for the Year Ended 31Ma|
|---|---|---|
|Plant and|equipment|20% - 50%|
|Local history reference books||l3%|
|Hardback|books|14%|
|Paperback|books|25%|
|Children's|books|33%|
|Recordings,<br>radio and visual||17%|



## 

## 

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## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

|3<br>Inco|m|e from|donations<br>|and legacies||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|||
||||||funds|Restricted|Total|
||||||General|funds|2021|
|Donations||and legacies;||||||
|Donations<br>from|||companies,|trusts and similar proceeds|1,371||1,371|
|Grants,|including||capital grants;|||||
|Government<br>grants|||||2,394,700|73,000|2,467,700|
|Grants||from other sources|||5S7,221|116,669|703,890|
|Contract||income|||2,885,605||2,S85,605|
||||||5,868,897|189,669|6,058,566|
||||||Unrestricted|||
||||||funds|Restricted|Total|
||||||General|funds|2020|
|Grants,|including||capital grants;|||||
|Government<br>grants|||||158,689||158,689|
|Grants||from other sources|||160,985|26,770|187,755|
|Contract||income|||2,951,125||2,951,125|
||||||3,270,799|26,770|3,297,569|



## 

|Income|from charitable<br>activities|||
|---|---|---|---|
|||Unrestricted||
|||funds|Total|
|||General|2021|
|Sports, fitness and leisure||737,988|737,988|
|Arts and|attractions|32,181|32,181|
|Libraries|and archives|3,600|3,600|
|||773,769|773,769|
|||Unrestricted||
|||funds|Total|
|||General|2020|
|Sports, fitness and leisure||3,71S,465|3,718,465|
|Arts and|attractions|47,118|47, l l 8|
|Libraries|and archives|36,932|36,932|
|||3,802,515|3,802,515|





## 

## 

|||Unrestricted|||
|---|---|---|---|---|
|||funds|Restricted|Total|
|||General|funds|2021|
|Retail sales|income|17,742||17,742|
|Ticket sales||204||204|
|Food and beverage||207,776||207,776|
|Commissions|on sale ofmerchandise|7,081||7,081|
|||232,803||232,803|
|||Unrestricted|||
|||funds|Restricted|Total|
|||General|funds|2020|
|Retail sales|income|266,976||266,976|
|Ticket sales||1,008,969|41,273|1,050,242|
|Food and beverage||614,402||614,402|
|Commissions|on sale ofmerchandise|73,663||73,663|
|||1,964,010|41,273|2,005,283|



||||||Unrestricted||
|---|---|---|---|---|---|---|
||||||funds|Total|
||||||General|2021|
|Interest||receivable|and similar income;||||
||Interest receivable|||on bank deposits|791|791|
||||||791|791|
||||||Unrestricted||
||||||funds|Total|
||||||General|2020|
|Interest||receivable|and similar income;||||
||Interest receivable|||on bank deposits|7,791|7,791|
||||||7,791|7,791|
|7|Other income||||||
||||||Unrestricted||
||||||funds|Total|
||||||General|2021|
|Hire of||facilities|||15,658|15,658|
|Sundry||income|||154,900|154,900|
||||||170,558|170,558|





## 

||||Unrestricted||
|---|---|---|---|---|
||||funds|Total|
|||||2020|
||||General|As restated|
|Income|from trading|subsidiary|43,541|43,541|
|Hire of|facilities||92,707|92,707|
|Sundry|income||353,140|353,140|
||||489,388|489,388|



## 

## 

|a) Costs oftr|a|ding activ|ities||||
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Restricted|Total|
|||||General|funds|2021|
|Costs ofgoods||sold||99,956||99,956|
|Other subsidiary||costs||72,579||72,579|
|Depreciation,|amortisation||and other similar costs|33,789|19,620|53,409|
|StaffCosts||||255,144||255,144|
|||||461,468|19,620|481,088|
|||||Unrestricted|||
|||||funds|Restricted|Total|
|||||General|funds|2020|
|Costs ofgoods||sold||1,214,196||1,214,196|
|Other subsidiary||costs||116,411||116,411|
|Depreciation,|amortisation||and other sintilar costs|29,680|15,408|45,088|
|StaffCosts||||398,046||398,046|
|||||1,758,333|15,408|1,773,741|



## 

|9<br>Expe|nditure<br>on charitable<br>activities||||
|---|---|---|---|---|
|||Activity|||
|||undertaken|Activity||
|||directly|support<br>costs|2021|
|Sports, fitness and leisure||3,054,329|778,932|3,833,261|
|Arts and|attractions|I,118,393|204,134|1,322,527|
|Libraries|and archives|1,005,436|415,562|1,420,998|
|||5,178,158|1,398,628|6,576,786|





## 

||Notes to the Financial S|tatements<br>for the Year Ended 3|1March 2021||
|---|---|---|---|---|
|||Activity|||
|||undertaken|Activity||
|||directly|support costs|2020|
|Sports, fitness and leisure||3,478,917|1,085,305|4,564,222|
|Arts and|attractions|1,459,811|286,126|1,745,937|
|Libraries|and archives|1,134,693|603,229|1,737,922|
|||6,073,421|1,974,660|8,048,081|





||||||||||OO<br>(V|||||V1D|||D||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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||M|||||cn||||||||Clrl|||||||





## 

## 

## 

|||||Unrestricted||
|---|---|---|---|---|---|
|||||funds|Total|
|||||General|2021|
|Audit fees||||||
|Audit ofthe financial||statements||16,950|16„950|
|Other fees|paid to auditors|||9,550|9,550|
|Legal fees||||1,006|1,006|
|||||27,506|27,506|
|||||Unrestricted||
|||||funds|Total|
|||||General|2020|
|Audit fees||||||
|Audit ofthe financial||statements||16,950|16,950|
|Other fees|paid to auditors|||?,550|9,550|
|Legal fees||||3,055|3,055|
|||||29,555|29,555|
|11 Net incoming/outgoing|||resources|||
|Net outgoing|resources|for the year include:||||
|||||2021|2020|
|Operating<br>leases - other||assets||l5,095|15,350|
|Audit fees||||16,950|16,950|
|Other non-audit<br>services||||9,550|9,550|
|Loss on disposal oftangible|||fixed assets|2,183|20,677|
|Depreciation|offixed assets|||336,602|396,188|



## 

|13 Staff costs<br>The aggregate<br>payroll costs were as follows:|||
|---|---|---|
||2021|2020|
|Staffcosts during the year were:|||
|Wages and salaries|4,693,720|5,243,262|
|Social security costs|245,656|283,380|
|Pension costs|43S,839|598,255|
||5,378,215|6,124,897|





## 

## 

|expresse|d as a head|count was as|follows:|||||
|---|---|---|---|---|---|---|---|
|||||2021||2020||
|||||No||No||
|Sport, Fitness &Leisure|||||247||290|
|Arts and|Attractions||||57||84|
|Libraries|||||54||60|
|Auditorium|||||56||66|
|Central|management,|niaintenance|and marketing||24||21|
||||||||521|



|2021|2020|
|---|---|
|No|No|



## 

## 

|14 Auditors'<br>remuner|ation|||
|---|---|---|---|
|||2021|2020|
|Audit ofthe financial|statements|16,950|16,950|
|Other fees to auditors||||
|All other non-audit<br>services||9,550|9,550|



## 



## 

## 

## 

|Website||
|---|---|
|development|Total|
|23,018|23,018|
|23,018|23,018|
|4,479|4,479|
|4,479|4,479|
|18,539|18,539|
|Website||
|development|Total|
|23,018|23,018|
|23,018|23,018|
|4,479|4,479|
|4,479|4,479|
|18,539|18,539|





## 

## 

## 

|Group|||||
|---|---|---|---|---|
|||Plant and|||
||Motor vehicles|machinery|Library books|Total|
|Cost|||||
|At<br>I Apri!2020|22,693|745,778|1,726.993|2.495,464|
|Additions|14,850|56,647|14,436|85,933|
|Disposals|||(11,347)|(11,347)|
|At 31 March 2021|37,543|802,425|1,730,082|2,570,050|
|Depreciation|||||
|At 1 April 2020|22,693|464,068|1,182,271|1,669,032|
|Charge for the year|3,713|131,488|201,401|336,602|
|Eliminated<br>on disposals|||(9,874)|(9,874)|
|At 31 March 2021|26,406|595,556|1,373,798|1,995,760|
|Net book value|||||
|At 31 March 2021|11,137|206,869|356,284|574,290|
|At 31 March 2020||281,710|544,722|826,432|
|Charity|||||
|||Plant and|||
||Motor vehicles|machinery|Library books|Total|
|Cost|||||
|At<br>1 April 2020|22,693|478,695|1,726,993|2.228,381|
|Additions|14,850|21,277|14436|50 563|
|Disposals|||(11,347)|(11,347)|
|At 31March 2021|37,543|499,972|1,730,082|2,267,597|
|Depreciation|||||
|At I April 2020|22,693|365,814|1,182,271|1,570,778|
|Charge for the year|3,713|78,079|201,401|283,193|
|Eliminated<br>on disposals|||(9,874)|(9,874)|
|At 31 March 2021|26,406|443,893|1,373,798|1,844,097|
|Net book value|||||
|At 3 I March 2021|11,137|56,079|356,284|423,500|
|At 31March 2020||112,881|544,722|657,603|





## 

## 

## 

|Cost||
|---|---|
|At<br>1 April|2020|
|Additions||
|Disposals||
|At 31 March 2021||
|Depreciation||
|At<br>1 April|2020|
|At 31 March 2021||
|Net book|value|
|At 31 March 2021||
|Summary|oftransactions|



||Local||
|---|---|---|
|Books and|historical||
|magazines|items|Total|
|122,658|93,303|215,961|
||626|626|
||(710)|(710)|
|122,658|93,219|215,877|
|122,658|93,219|215,877|



## 

||Local||
|---|---|---|
|Books and|historical||
|magazines|items|Total|
|122,658|93,303|215,961|
||626|626|
||(710)|(710)|
|122,658|93,219|215,877|
|122,658|93,219|215,877|





## 

## 

|Summary|oftransactions|2021||2020|2018|2017|
|---|---|---|---|---|---|---|
|Purchases|and additions||||||
|Purchases|||626|||2,320|
|Disposals|||||||
|Disposals|||710||22,903||



## 

## 

## 

|Undertaking||Country of<br>incorporation|Holding|Proportion<br>rights and|ofvoting<br> shares held|Principal||activity||
|---|---|---|---|---|---|---|---|---|---|
|Subsidiary|undertakings|||||||||
|Lines Inspire Venues &<br>Enterprises<br>(No.||United Kingdont|Ordinary|100'ro||Provision<br>and|of venue<br>facilities||hire<br>for|
|10409947)||||||performing||arts||





## 

## 

## 

## 

|Charity||||||
|---|---|---|---|---|---|
|||||2021|2020|
|Shares in group undertakings|and participating|interests||||
|Shares in group undertakings|and participating||interests|||
|||||Subsidiary||
|||||undertakings|Total|
|Cost||||||
|At I April 2020||||||
|At 31 March 2021||||||
|Net book value||||||
|At 31 March 2021||||||
|At 31 March 2020||||||



|20 Stock|||||
|---|---|---|---|---|
||Group||Charity||
||2021|2020|2021|2020|
|Stocks|78,872|92,577|74,868|86,166|
|Zl Debtors|||||
||Group||Charity||
||2021|2020|2021|2020|
|Trade debtors|119,561|68,997|116,715|56,622|
|Due from group undertakings||||202,615|
|Prepayments|73,319|103,655|70,725|100,239|
|Accrued income|241,513|235,675|241,513|231,813|
||434,393|408,327|428,953|591,289|
|22 Cash and cash equivalents|||||
||Group||Charity||
||2021|2020|2021|2020|
|Cash at bank|1,630,404|924,318|1,624,973|916,256|





## 

## 

## 

|23 Creditors: amounts<br>falling due within<br>o|ne year|||||
|---|---|---|---|---|---|
||Group||Charity|||
||2021|2020|2021||2020|
|||As restated||As|restated|
|Trade creditors|180,263|243,422|123,910||234,227|
|Other loans|40,625|40,625|40,625||40,625|
|Due to group undertakings|||281,536|||
|Other taxation and social security|263,408|224,272|263,408||224,272|
|Other creditors|911|1,326|911||1,326|
|Pension scheme creditor|34,317|48,668|34,317||48,668|
|Accruals|293,972|198,826|277,754||67,051|
|Deferred income|345,449|238,034|7,139||27,456|
||1,158,945|995,173|1,029,600||643,625|



## 

|Deferred|income||||
|---|---|---|---|---|
||||2021|2020|
|Group|||||
|Deferred|income at I April 2020||(238,034)|(310,626)|
|Resources|deferred<br>in the period||345,449|238,034|
|Amounts|released from previous|periods|238,034|310,626|
|Deferred|income at year end||345.449|238,034|



|funding.|||||
|---|---|---|---|---|
||||2021|2020|
|Charity|||||
|Deferred|income at I April 2020||(27,456)|(42,865)|
|Resources|deferred<br>in the period||7, 139|27,456|
|Amounts|released from previous|periods|27,456|42,865|
|Deferred|income at year end||7,139|27,456|





## 

## 

## 


## 

## 


## 

## 




## 

## 

## 

|Defined benefit obligation<br>Changes<br>in the defined benefit obligation<br>are as follows:|||
|---|---|---|
|||2021|
|Present value at start ofyear||10,973,000|
|Current service cost||355,000|
|Interest cost||255,000|
|Actuarial<br>gains and losses||3,913,000|
|Benefits paid||(172,000)|
|Contributions<br>by scheme participants||69,000|
|Present value at end ofyear||15,393,000|
|Fair value ofselienie assets|||
|Changes<br>in the fair value of scheme assets are as follows:|||
|||2021|
|Fair value at start ofyear||8,471,000|
|Interest income||196,000|
|Actuarial<br>gains and losses||1,295,000|
|Employer<br>contributions||231,000|
|Contributions<br>by scheme participants||69,000|
|Benefits paid||(172,000)|
|Fair value at end ofyear||10,090,000|
|Analysis ofassets|||
|The major categories of scheme assets are as follows:|||
||2021|2020|
|Cash and cash equivalents|302,700|254,130|
|Equity<br>instruments|6,760,300|5,590,860|
|Corporate<br>bonds|1,816,200|1,440,070|
|Property|1,210,800|1,185,940|
||10,090,000|8,471,000|
|Return on sclietne assets|||
||2021|2020|
|Return on scheme assets|1,491,000|(1,032,000)|





## 

## 

## 

|The principal<br>actuarial|as|sumptions|at the statement offinancial<br>position|date are as follows:||
|---|---|---|---|---|---|
|||||2021|2020|
|||||0/||
|Discount rate||||2.05|2.30|
|Fuhire salary increases||||3.70|2.70|
|Future pension<br>increases||||2.80|1.80|
|Post retirement<br>mortality||assumptions||||
|||||2021|2020|
|||||Years|Years|
|Current UK pensioners|at retirement||age - male|21.00|21.00|
|Current<br>UK pensioners|at retirement||age - female|24.00|23.00|
|Fuhire UK pensioners|at retirement||age - male|22.00|22.00|
|Future UK pensioners|at retirement||age - female|26.00|25.00|



## 

## 



## 

## 

## 

|Group||||||||
|---|---|---|---|---|---|---|---|
|||Balance at I||||Other|Balance at|
|||April 2020|Incoming|Resources||recognised|31March|
|||as restated|resources|expended|Transfers|gainsl(losses)|2021|
|Unrestricted<br>funds||||||||
|General||||||||
|General<br>fund||(1,330,188)|7,046,818|(6,958,469)|(15,408)|(2,618,000)|(3,875,247)|
|Restricted funds||||||||
|Restoration<br>levy fund||206,972||(18,680)|15,408||203,700|
|Libraries connected||5,000|1,000|(6,000)||||
|Active Lincolnshire-||||||||
|Tackling Inequalities|||4,000|(4,000)||||
|Heritage<br>lottery, streets and||||||||
|their stories fund||703|14,320||||15,023|
|Arts council reading||||||||
|pictures, seeing stories||695||(695)||||
|Radcliffe Trust DN||||||||
|mentoring<br>scheme||3,500||(3,500)||||
|The Arts Society Holland||||||||
|&Kesteven||240|||||240|
|LCC Conununity||||||||
|Collaboration<br>Fund||2,270|3,000|(1,774)|||3„496|
|The Football Stadium|Fund||5,500|(5,500)||||
|The Reading Agency-||||||||
|Reading Friends|||9,300|(9,300)||||
|The National<br>Lottery||||||||
|Community<br>Grant-||||||||
|'Virtual<br>Lines' Project|||48,800|(48,500)|||300|
|The National<br>Lottery||||||||
|Community<br>Grant - 'Active||||||||
|Forever' Project|||29,050|(516)|||28,534|
|NELC - Toning Suite||||||||
|Project|||70,000||||70,000|
|Theatres Trust - Theatre||||||||
|Reopening<br>Fund|||4,699|(940)|||3,759|
|Total restricted<br>funds||219,380|189,669|(99,405)|15,408||325,052|
|Total funds||(1,110,808)|7,236,487|(7,057,874)||(2,618,000)|(3,550,195)|





## 

## 

|Notes|to th|e Financial Stat|ements<br>for the|ements<br>for the|Year Ended 31|March 2021||
|---|---|---|---|---|---|---|---|
|||Balance at I|Incoming|||Other|Balance at 31|
|||April 2019as|resources|as|Resources|recognised|March 2020 as|
|||restated|restated||expended|gains/(losses)|restated|
|Unrestricted<br>funds||||||||
|General||||||||
|General<br>fund||(1,445,385)|9,534,503||(9,743,306)|324,000|(1,330,188)|
|Restricted funds||||||||
|Restoration<br>levy fund||181,107|41,273||(15,408)||206,972|
|Heritage<br>lottery Ruhleben||||||||
|fund||4,293|||(4,293)|||
|Libraries connected|||5,000||||5,000|
|Heritage<br>lottery, streets and||||||||
|their stories hmd||17,900|||(17,197)||703|
|Arts council reading pictures,||||||||
|seeing stories|||||||695|
|Arts council The Albert room||||||||
|2018-2020||6,358|11,120||(17,478)|||
|Postcode lottery sowing|the|||||||
|seed ofchange inspire garden||16,000|||(16,000)|||
|Radcliffe Trust DN||||||||
|mentoring<br>scheme||3,500|||||3,500|
|The Festival ofthe Sky|||4,900||(4,900)|||
|Canon Peter Hall Primary||||||||
|School, Immingham||||450|(450)|||
|The Arts Society Holland|&|||||||
|Kesteven||||300|(60)||240|
|LCC Community||||||||
|Collaboration<br>Fund|||5,000||(2,730)||2,270|
|Total restricted<br>funds||229,853|6S,043||(78,516)||219,380|
|Total funds||(1,215,532)|9,602,546||(9,821,822)|324,000|(1,110,808)|





## 

## 

## 

|Charity|||||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Other||
|||April 2020 as|Incoming|Resources|recognised|Balance at31|
|||restated|resources|expended|gains/(losses)|March 2021|
|Unrestricted<br>funds|||||||
|Genera/|||||||
|General fund||(772,007)|6,244,976|(6,559,076)|(2,618,000)|(3,704,107)|
|Restricted<br>funds|||||||
|Libraries connected||5,000|1,000|(6,000)|||
|Active Lincolnshire-|||||||
|Tackling Inequalities|||4,000|(4,000)|||
|Heritage<br>lottery streets|and||||||
|their stories fund||703|14,320|||15,023|
|Arts council reading pictures,|||||||
|seeing stories||695||(695)|||
|Radcliffe Trust DN|||||||
|mentoring<br>scheme||3,500||(3,500)|||
|The Arts Society Holland k,|||||||
|Kesteven||240||||240|
|LCC Community|||||||
|Collaboration<br>Fund||2,270|3,000|(1,774)||3,496|
|The Football Stadium|Fund||5,500|(5,500)|||
|The Reading Agency-|||||||
|Reading Friends|||9,300|(9,300)|||
|The National<br>Lottery|||||||
|Community<br>Grant - 'Virtual|||||||
|Lines' Project|||48,800|(48,500)||300|
|The National<br>Lottery|||||||
|Community<br>Grant - 'Active|||||||
|Forever' Project|||29,050|(516)||28,534|
|NELC - Toning Suite|Project||70,000|||70,000|
|Total restricted<br>funds||12,408|184,970|(79,785)||117,593|
|Total funds||(759,599)|6,429,946|(6,638,S61)|(2,618,000)|(3,586,514)|





## 

## 

|Notes to th|e Financial Stat|e Financial Stat|ements<br>for the|Year Ended 31|March 2021||
|---|---|---|---|---|---|---|
||Balance at 1||Incotning||Other|Balance at 31|
||April 2019as||resources as|Resources|recognised|March 2020 as|
||restated||restated|expended|gains/(losses)|restated|
|Unrestricted<br>funds|||||||
|General|||||||
|General<br>fund|(1,098,749)||8,327,662|(8,324,920)|324,000|(772,007)|
|Restricted<br>funds|||||||
|Heritage<br>lottery Ruhleben|||||||
|fund|4,293|||(4,293)|||
|Libraries connected|||5,000|||5,000|
|Heritage<br>lottery streets and|||||||
|their stories fund|17,900|||(17,197)||703|
|Arts council reading pictures,|||||||
|seeing stories||695||||695|
|Arts council The Albert room|||||||
|2018-2020|6,358||11,120|(17,478)|||
|Postcode lottery sowing the|||||||
|seeds ofchange inspire|||||||
|garden|16,000|||(16,000)|||
|Radcliffe Trust DN|||||||
|mentoring<br>scheme|3,500|||||3,500|
|The Festival ofthe Sky|||4,900|{4,900)|||
|Canon Peter Hall Primary|||||||
|School, lmminghant|||450|(450)|||
|The Arts Society Holland &|||||||
|Kesteven|||300|(60)||240|
|LCC Community|||||||
|Collaboration<br>Fund|||5,000|(2,730)||2,270|
|Total restricted<br>funds|48,746||26,770|(63,108)||12,408|
|Total funds|(1,050,003)||8,354,432|(8,388,028)|324,000|(759,599)|





## 

## 



## 

## 

## 

## 

|Group||||||
|---|---|---|---|---|---|
||||Unrestricted||Total funds at|
||||funds|Restricted|31March|
||||General|funds|2021|
|Intangible||fixed assets|18,539||18,539|
|Tangible||fixed assets|533,244|41,046|574,290|
|Heritage||assets|215,877||215,877|
|Current|assets||1,859,663|284,006|2,143,669|
|Current|liabilities||(1,158,945)||(1,158,945)|
|Creditors||over I year|(40,625)||(40,625)|
|Pension|scheme liability||(5,303,000)||(5,303,000)|
|Total net||assets|(3,875,247)|325,052|(3,550,195)|
||||Unrestricted||Total funds at|
||||funds|Restricted|31 March|
||||General|funds|2020|
||||as restated||As restated|
|Tangible||fixed assets|780,692|45,740|826,432|
|Heritage||assets|215,961||215,961|
|Current|assets||1,251,582|173,640|1,425,222|
|Current|liabilities||(995,173)||(995,173)|
|Creditors||over I year|(S1,250)||(81,250)|
|Pension|scheme liability||(2,502,000)||(2,502,000)|
|Total net||assets|(1,330,18S)|219,380|(1,110,808)|
|Charity||||||
||||Unrestricted||Total funds at|
||||funds|Restricted|31March|
||||General|funds|2021|
|Intangible||fixed assets|18,539||18,539|
|Tangible||fixed assets|423,500||423,500|
|Heritage|assets||215,877||215,877|
|Fixed asset investments|||I||I|
|Current|assets||1,729,665|117,593|1,847,258|
|Current|liabilities||(748,064)||(748,064)|
|Creditors||over I year|(40,625)||(40,625)|
|Pension|scheme liability||(5,303,000)||(5,303,000)|
|Total net||assets|(3,704,107)|117,593|(3,586,514)|





## 

## 

||Notes to the Financial State|ments<br>for the Year Ended 31|March 2|021||
|---|---|---|---|---|---|
|||Unrestricted|||Total funds at|
|||funds|Restricted||31March|
|||General as|funds||2020|
|||restated|||As restated|
|Tangible fixed assets||657,603|||657,603|
|Heritage assets||215,961|||715,961|
|Fixed asset investments||I|||I|
|Current<br>assets||1,581,303|12,408||1,593,711|
|Current<br>liabilities||(643,625)|||(643,625)|
|Creditors over<br>I|year|(81,250)|||(81,250)|
|Pension scheme|liability|(2,502,000)|||(2,502,000)|
|Total net assets||(772,007)|12,408||(759,599)|
|30 Analysis ofnet funds||||||
|Group||||||
|||At I April|Financing|cash|At 31 March|
|||2020|flows||2021|
|Cash at bank and|in hand|924,318|706,086||1,630,404|
|Debt due within|one year|(40,625)|||(40,625)|
|Debt due after more than one year||(81,250)|40,625||(40,625)|
|Net debt||802,443|746,711||1,549,154|
|||At 1April|Financing|cash|At 31March|
|||2019|flows||2020|
|Cash at bank and|in hand|1,006,611|(82,293)||924,318|
|Debt due within|one year|(40,625)|||(40,625)|
|Debt due aAer more than one year||(121,875)|40,625||(81,250)|
|Net debt||844,111|(41,668)||802,443|



## 

##