**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 - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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