OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-08-31-accounts

REGISTERED COMPANY NUMBER: 10473815 (England and Wales) REGISTERED CHARITY NUMBER: 1174134

Report of the Trustees and

Financial Statements for the Year Ended 31 August 2020

for

The Russell Martin Foundation

(A Company Limited by Guarantee)

The Russell Martin Foundation

Contents of the Financial Statements for the Year Ended 31 August 2020

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 17
Detailed Statement of Financial Activities 18 to 19

The Russell Martin Foundation

Reference and Administrative Details for the Year Ended 31 August 2020

TRUSTEES R K A Martin D Smith (resigned 24.11.19) N Young G Peters A H Batchelor (appointed 5.2.21) Mrs K Watson (appointed 1.11.20) R Bradford (appointed 12.1.20) REGISTERED OFFICE Bank House Southwick Square Southwick West Sussex BN42 4FN REGISTERED COMPANY 10473815 (England and Wales) NUMBER REGISTERED CHARITY 1174134 NUMBER

INDEPENDENT EXAMINER Style Accountants Limited Bank House Southwick Square Southwick West Sussex BN42 4FN ACCOUNTANTS Style and Silver Bank House Southwick Square Southwick West Sussex BN42 4FN

Page 1

The Russell Martin Foundation (Registered number: 10473815)

Report of the Trustees

for the Year Ended 31 August 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, 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

History, Objectives and Aims

The charity was incorporated on 10th November 2016 and registered with the Charity Commission on 4th August 2017

The charity commenced trading in August 2017

The Russell Martin Foundation is a non-profit organisation based in Brighton & Hove which uses the power of football to help change people's lives. It was set up by professional footballer Russell Martin who wanted to give something back to the city where he was born.

Our Vision - For the local community to prosper.

Our Mission Statement -

Using the power of football to empower individuals to improve their lives and their environment.

Our Values - Opportunity Inclusivity Quality Sustainability

For greater detail please vist our website at www.russellmartinfoundation.co.uk

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The past financial year has been significantly affected by the Covid-19 pandemic. From September 2019 to March 2020, all programmes were performing well and to budget. Our football programme, through the Russell Martin Academy (RMA) was continuing to grow, we delivered very successful programmes at Varndean College and Portslade Academy and we were confident that our football holiday programmes would do well particularly in the summer. Unfortunately, our trip to Sweden for the Gothia Cup which involved 5 teams was cancelled which was extremely disappointing for all concerned.

The Alternative Provision also had an outstanding start with high levels of success for the first cohort from 8 secondary schools. This was enough to ensure that we have new contracts for September 2020 for all 10 schools in Brighton with the prospect of new centres in West Sussex, in partnership with the local authority.

However, like most charities in the UK, we would have struggled once the impact of the pandemic took hold (from April through to August 2020), had it not been for the government's furlough scheme. In addition, fortunately over half of the families continued to pay their monthly subscriptions for RMA, our adult educational ESF programme continued to operate and the schools paid us to contract for the Alternative Provision programme throughout the academic year.

Despite Covid-19 we still managed to increase our annual turnover from £461,143 (2018-19) to £584,802 (2019-20). It is important to highlight £66,403 were furlough payments received and £10,000 was a Covid-19 grant from the local council.

Page 2

The Russell Martin Foundation (Registered number: 10473815)

Report of the Trustees

for the Year Ended 31 August 2020

FUTURE PLANS

Our success at managing the Hove 3G pitch and our community focus within our business plan helped us to win the tender to facility manage Old Barn Way site (formerly home of Southwick Football Club) on a 25 year lease. This is an exciting stage of development for the charity as we look to create opportunities for the local community in football participation, education programmes and health improvement initiatives.

Our Extra Time Project (short term alternative provision programme for 11-13 year old secondary school students) has been so successful in Brighton & Hove that West Sussex County Council has, along with local schools, commissioned us to open a centre in Worthing as well as plans for Chichester & Crawley. We will also look to broaden provision to primary schools & 14-16 year olds within Brighton over the next two years.

We are also in the process of setting up a food distribution service for those in need within the local community. This will be our first programme for our newly developed health department.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is governed by the Memorandum and Articles incorporated on 10th November 2016.

The charity is managed by the Trustees.

Approved by order of the board of trustees on 13 May 2021 and signed on its behalf by:

R K A Martin - Trustee

Page 3

Independent Examiner's Report to the Trustees of The Russell Martin Foundation

Independent examiner's report to the trustees of The Russell Martin Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Association of Chartered Certified Accountants which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A. J. Style FCC the Association of Chartered Certified Accountants Style Accountants Limited Bank House Southwick Square Southwick West Sussex BN42 4FN

13 May 2021

Page 4

The Russell Martin Foundation

Statement of Financial Activities for the Year Ended 31 August 2020

31.8.20
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
6,964
Charitable activities
5
Fund raising
46,373
Other trading activities
3
455,055
Investment income
4
7
Other income
76,403
Total
584,802
EXPENDITURE ON
Raising funds
6
423,884
Other
97,534
Total
521,418
NET INCOME
63,384
RECONCILIATION OF FUNDS
Total funds brought forward
2,376
TOTAL FUNDS CARRIED FORWARD
65,760		 31.8.19
Total
funds
£
49,050
19,410
392,676
7
-
461,143
367,617
85,924
453,541
7,602
(5,226)
2,376

The notes form part of these financial statements

Page 5

The Russell Martin Foundation (Registered number: 10473815)

Balance Sheet

31 August 2020

31.8.20
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
6,377
CURRENT ASSETS
Debtors
13
20,108
Cash at bank
65,691
85,799
CREDITORS
Amounts falling due within one year
14
(26,416)
NET CURRENT ASSETS
59,383
TOTAL ASSETS LESS CURRENT
LIABILITIES
65,760
NET ASSETS/(LIABILITIES)
65,760
FUNDS
16
Unrestricted funds
65,760
TOTAL FUNDS
65,760		 31.8.19
Total
funds
£
4,307
10,487
74
10,561
(12,492)
(1,931)
2,376
2,376
2,376
2,376

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

The Russell Martin Foundation (Registered number: 10473815)

Balance Sheet - continued

31 August 2020

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 13 May 2021 and were signed on its behalf by:

R K A Martin - Trustee

The notes form part of these financial statements

Page 7

The Russell Martin Foundation

Cash Flow Statement

for the Year Ended 31 August 2020

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end
of the reporting period
2		 31.8.20
£
72,752
(239)
72,513
(4,800)
7
(4,793)
(2,042)
(2,042)
65,678
13
65,691		 31.8.19
£
1,490
(670)
820
(2,220)
7
(2,213)
(3,500)
(3,500)
(4,893)
4,906
13

The notes form part of these financial statements

Page 8

The Russell Martin 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

ACTIVITIES
31.8.20 31.8.19
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 63,384 7,602
Adjustments for:
Depreciation charges 2,730 1,436
Interest received (7) (7)
Interest paid 239 670
Increase/(decrease) in pension creditor (127) 600
Increase in debtors (9,621) (10,319)
Increase in creditors 16,154 1,508
Net cash provided by operations 72,752 1,490
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
31.8.20 31.8.19
£ £
Notice deposits (less than 3 months) 65,691 74
Overdrafts included in bank loans and overdrafts falling due within
one year - (61)
Total cash and cash equivalents 65,691 13
3. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
At 1.9.19 Cash flow At 31.8.20
£ £ £
Net cash
Cash at bank 74 65,617 65,691
Bank overdraft (61) 61 -
13 65,678 65,691
Debt
Debts falling due within 1 year (2,042) 2,042 -
(2,042) 2,042 -
Total (2,029) 67,720 65,691

The notes form part of these financial statements

Page 9

The Russell Martin 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 charitable company, 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 Companies Act 2006. 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.

Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 10

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2020

2.
DONATIONS AND LEGACIES
Donations
3.
OTHER TRADING ACTIVITIES
Sponsorships
Football Education Programme
Coaching income
Advertising income
Venue hire
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Fund raising
Grants received, included in the above, are as follows:
Adur District Council
ESF Skills funding
Swim UK
Sussex PCC
Football Foundation
Yellow Brick Road Project
Sussex Community		 31.8.20
£
6,964
31.8.20
£
19,000
38,798
338,050
250
58,957
455,055
31.8.20
£
7
31.8.20
£
46,373
31.8.20
£
-
36,173
1,000
1,000
2,000
1,200
5,000
46,373		 31.8.19
£
49,050
31.8.19
£
22,900
36,940
250,669
105
82,062		 31.8.19
£
49,050
392,676
31.8.19
£
7
31.8.19
£
19,410
31.8.19
£
19,410
-
-
-
-
-
-
19,410

continued...

Page 11

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2020

6. RAISING FUNDS

Other trading activities

Other trading activities
Purchases
Staff costs
Venue hire		 31.8.20
£
52,672
310,865
60,347
423,884		 31.8.19
£
56,448
244,496
66,673
367,617

7. SUPPORT COSTS

SUPPORT COSTS
Interest Governance
Management Finance payable costs Totals
£ £ £ £ £
Other resources
expended 71,031 4,974 239 1,920 78,164

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.8.20 31.8.19
£ £
Depreciation - owned assets 2,730 1,436
Other operating leases 67,627 73,790

9. 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.

continued...

Page 12

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2020

10.
STAFF COSTS
31.8.20
£
Wages and salaries
286,489
Social security costs
19,038
Other pension costs
5,338
310,865
The average monthly number of employees during the year was as follows:
31.8.20
Support and administration
14
No employees received emoluments in excess of £60,000.
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Fund raising
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward		 31.8.19
£
225,877
15,094
3,525
244,496
31.8.19
12
Unrestricted
fund
£
49,050
19,410
392,676
7
461,143
367,617
85,924
453,541
7,602
(5,226)

continued...

Page 13

The Russell Martin Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2020

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
fund
£
TOTAL FUNDS CARRIED
FORWARD
2,376
12.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
COST
At 1 September 2019
6,063
855
6,918
Additions
-
4,800
4,800
At 31 August 2020
6,063
5,655
11,718
DEPRECIATION
At 1 September 2019
2,397
214
2,611
Charge for year
917
1,813
2,730
At 31 August 2020
3,314
2,027
5,341
NET BOOK VALUE
At 31 August 2020
2,749
3,628
6,377
At 31 August 2019
3,666
641
4,307
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.20
31.8.19
£
£
Trade debtors
6,679
4,040
Prepayments and accrued income
10,055
-
Prepayments
3,374
6,447
20,108
10,487		 Unrestricted
fund
£
TOTAL FUNDS CARRIED
FORWARD
2,376
12.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
COST
At 1 September 2019
6,063
855
6,918
Additions
-
4,800
4,800
At 31 August 2020
6,063
5,655
11,718
DEPRECIATION
At 1 September 2019
2,397
214
2,611
Charge for year
917
1,813
2,730
At 31 August 2020
3,314
2,027
5,341
NET BOOK VALUE
At 31 August 2020
2,749
3,628
6,377
At 31 August 2019
3,666
641
4,307
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.20
31.8.19
£
£
Trade debtors
6,679
4,040
Prepayments and accrued income
10,055
-
Prepayments
3,374
6,447
20,108
10,487		 Unrestricted
fund
£
TOTAL FUNDS CARRIED
FORWARD
2,376
12.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
COST
At 1 September 2019
6,063
855
6,918
Additions
-
4,800
4,800
At 31 August 2020
6,063
5,655
11,718
DEPRECIATION
At 1 September 2019
2,397
214
2,611
Charge for year
917
1,813
2,730
At 31 August 2020
3,314
2,027
5,341
NET BOOK VALUE
At 31 August 2020
2,749
3,628
6,377
At 31 August 2019
3,666
641
4,307
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.20
31.8.19
£
£
Trade debtors
6,679
4,040
Prepayments and accrued income
10,055
-
Prepayments
3,374
6,447
20,108
10,487
2,376
Totals
£
6,918
4,800
11,718
2,611
2,730
5,341
6,377
4,307
31.8.19
£
4,040
-
6,447
10,487

continued...

Page 14

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2020
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 15)
Purchase ledger provision
Social security and other taxes
Other creditors
Pension control
Accrued expenses
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
16.
MOVEMENT IN FUNDS
At 1.9.19
£
Unrestricted funds
General fund
2,376
TOTAL FUNDS
2,376
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
584,802
TOTAL FUNDS
584,802		 31.8.20
£
-
-
4,143
17,400
818
4,055
26,416
31.8.20
£
-
-
-
Net
movement
in funds
£
63,384
63,384
Resources
expended
£
(521,418)
(521,418)		 31.8.19
£
2,103
2,080
5,324
-
945
2,040
12,492
31.8.19
£
61
2,042
2,103
At
31.8.20
£
65,760
65,760
Movement
in funds
£
63,384
63,384

Page 15

continued...

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2020

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.9.18
in funds
£
£
Unrestricted funds
General fund
(5,226)
7,602
TOTAL FUNDS
(5,226)
7,602
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
461,143
(453,541)
TOTAL FUNDS
461,143
(453,541)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.9.18
in funds
£
£
Unrestricted funds
General fund
(5,226)
70,986
TOTAL FUNDS
(5,226)
70,986		 At
31.8.19
£
2,376
2,376
Movement
in funds
£
7,602
7,602
At
31.8.20
£
65,760
65,760

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
1,045,945
TOTAL FUNDS
1,045,945		 Resources
expended
£
(974,959)
(974,959)		 Movement
in funds
£
70,986
70,986

Page 16

continued...

The Russell Martin Foundation

for the Year Ended 31 August 2020

Notes to the Financial Statements - continued

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2020.

Page 17

The Russell Martin Foundation

Detailed Statement of Financial Activities
for the Year Ended 31 August 2020
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Sponsorships
Football Education Programme
Coaching income
Advertising income
Venue hire
Investment income
Deposit account interest
Charitable activities
Grants
Other income
Government covid grants
Total incoming resources
EXPENDITURE
Other trading activities
Coaching equipment & clothing
Coaching fees
Wages
Social security
Pensions
Venue hire
Other
Consultancy fees
Support costs
Management
Office rent and storage
Carried forward		 31.8.20
£
6,964
19,000
38,798
338,050
250
58,957
455,055
7
46,373
76,403
584,802
5,867
46,805
286,489
19,038
5,338
60,347
423,884
19,370
7,280
7,280		 31.8.19
£
49,050
22,900
36,940
250,669
105
82,062
392,676
7
19,410
-
461,143
11,292
45,156
225,877
15,094
3,525
66,673
367,617
11,166
7,117
7,117

This page does not form part of the statutory financial statements

Page 18

The Russell Martin Foundation

Detailed Statement of Financial Activities

for the Year Ended 31 August 2020

Management
Brought forward
Repairs and renewals
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Training
Computer costs
Motor expenses
Vehicle leasing
Travel
Finance
Rates and water
Cleaning
Subscriptions
Sundries
Bank charges
Depreciation of tangible fixed assets
Interest payable
Bank interest
Bank loan interest
HMRC interest
Governance costs
Legal fees
Accountancy
Total resources expended
Net income		 31.8.20
£
7,280
7,561
7,027
1,932
3,081
1,114
1,370
2,772
18,050
6,812
12,386
1,646
71,031
579
928
148
503
86
2,730
4,974
90
149
-
239
720
1,200
1,920
521,418
63,384		 31.8.19
£
7,117
7,583
2,889
853
1,055
977
3,607
8,101
15,764
7,584
10,282
2,655
68,467
250
83
65
1,125
902
1,436
3,861
56
256
358
670
704
1,056
1,760
453,541
7,602

This page does not form part of the statutory financial statements

Page 19