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2021-08-31-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 2021

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 2021

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 2021

TRUSTEES R K A Martin N Young G Peters A H Batchelor (appointed 5.2.21) Mrs K Watson (appointed 1.11.20) R Bradford 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 and Silver 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 2021

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 2021. 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

Achievement & Performance

During 2020/21, the Russell Martin Foundation (RMF), as in the previous year, managed to grow significantly despite the continuation of the Covid-19 pandemic. Our overall financial turnover increased from £584,802 to £715,568, an increase of over 22%, which has contributed to an ongoing trend over the past three years.

The notable successes were; the RMA boys' and girls' football tournaments held in July which both had extremely high numbers of participants; the Extra Time Project (ETP) based at Brighton and Worthing; the distribution of food we were able to deliver to those in need within our local community.

The areas of provision most affected by Covid -19 have been the schools' and holiday football programmes as well as the Hove 3G facility. However, in most cases, RMF staff with the support of the government furlough scheme, have been able to off-set the problems created by the pandemic.

Page 2

The Russell Martin Foundation (Registered number: 10473815)

Report of the Trustees

for the Year Ended 31 August 2021

FUTURE PLANS

Over the past few years, the organisation has managed to prosper in terms of diversity and quality of provision as well as the number of people it has been able to support. We intend to ensure that we continue along this trajectory.

Our football programmes through the Russell Martin Academy (RMA), have become an outstanding success, both with the number of young people they benefit and also through the reputation we are gaining in Sussex. Everyone at RMF is very delighted about the prospect of developing the Old Barn Way site now that we are in the process of planning the way forward with Adur District Council.

In addition, our Extra Time Project (ETP) continues to produce excellent results in Brighton as well as in our new centre in Worthing. At both of these centres we have been able to make a significant impact on young people's lives, so much so that the 10 Brighton & Hove secondary schools and the local authority have given us 3-year contracts to continue the programme. For 2021/2 we will be opening a new ETP centre in Chichester.

We have been very fortunate in being able to receive funding from a variety of charities in order to supplement the work we are already doing for what promises to be a very exciting year.

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 24 May 2022 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 2021.

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 FCCA the Association of Chartered Certified Accountants Style and Silver Bank House Southwick Square Southwick West Sussex BN42 4FN

24 May 2022

Page 4

The Russell Martin Foundation

Statement of Financial Activities for the Year Ended 31 August 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Fund raising
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
6
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.8.21
Unrestricted
Restricted
Total
fund
fund
funds
£
£
£
2,112
20
2,132
10,622
36,405
47,027
420,797
180,668
601,465
5
-
5
64,939
-
64,939
498,475
217,093
715,568
379,216
213,022
592,238
94,193
1,357
95,550
473,409
214,379
687,788
25,066
2,714
27,780
65,760
-
65,760
90,826
2,714
93,540		 31.8.20
Total
funds
£
6,964
46,373
455,055
7
76,403
584,802
443,254
78,164
521,418
63,384
2,376
65,760

The notes form part of these financial statements

Page 5

The Russell Martin Foundation (Registered number: 10473815)

Balance Sheet

31 August 2021

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
Restricted
fund
fund
£
£
9,999
2,715
16,213
-
113,976
-
130,189
-
(49,363)
-
80,826
-
90,825
2,715
90,825
2,715		 31.8.21
Total
funds
£
12,714
16,213
113,976
130,189
(49,363)
80,826
93,540
93,540
90,825
2,715
93,540		 31.8.20
Total
funds
£
6,377
20,108
65,691
85,799
(26,416)
59,383
65,760
65,760
65,760
-
65,760

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 2021

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 24 May 2022 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 2021
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 provided by/(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
Cash and cash equivalents at the end
of the reporting period		 31.8.21
£
61,115
(88)
61,027
(12,747)
5
(12,742)
-
-
48,285
65,691
113,976		 31.8.20
£
72,752
(239)
72,513
(4,800)
7
(4,793)
(2,042)
(2,042)
65,678
13
65,691

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 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Increase/(decrease) in pension creditor
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by operations		 31.8.21
£
27,780
6,410
(5)
88
549
3,895
22,398
61,115		 31.8.20
£
63,384
2,730
(7)
239
(127)
(9,621)
16,154
72,752
  1. ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank
Total		 At 1.9.20
Cash flow
At 31.8.21
£
£
£
65,691
48,285
113,976
65,691
48,285
113,976
65,691
48,285
113,976		 At 1.9.20
Cash flow
At 31.8.21
£
£
£
65,691
48,285
113,976
65,691
48,285
113,976
65,691
48,285
113,976
113,976
113,976

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 2021

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.

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 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 2021
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:
ESF Skills funding
Swim UK
Sussex PCC
Football Foundation
Yellow Brick Road Project
Sussex Community
National Lottery
Chalk Cliff
Functional Skills UK		 31.8.21
£
2,132
31.8.21
£
17,738
61,857
438,119
3,570
80,181
601,465
31.8.21
£
5
31.8.21
£
47,027
31.8.21
£
5,622
500
-
1,000
-
-
36,405
3,000
500
47,027		 31.8.20
£
6,964
31.8.20
£
19,000
38,798
338,050
250
58,957		 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

continued...

Page 11

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

6. RAISING FUNDS

Raising donations and legacies
Other trading activities
Direct costs
Staff costs
Venue hire
Courses & events
Consultancy fees
Aggregate amounts
7.
SUPPORT COSTS
Management
£
Other resources expended
72,279
Interest
payable
£
Other resources expended
88
8.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases		 31.8.21
£
31.8.21
£
77,150
405,419
77,370
12,701
19,598
592,238
592,238
Finance
£
6,462
Governance
costs
£
11,956
31.8.21
£
6,410
85,138		 31.8.20
£
31.8.20
£
52,672
310,865
60,347
-
19,370		 31.8.20
£
31.8.20
£
52,672
310,865
60,347
-
19,370
443,254
443,254
Other
£
4,765
Totals
£
95,550
31.8.20
£
2,730
68,206

continued...

Page 12

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.

10. STAFF COSTS

31.8.21
£
Wages and salaries
370,287
Social security costs
28,048
Other pension costs
7,084
405,419
The average monthly number of employees during the year was as follows:
31.8.21
Support and administration
15
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Fund raising
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Other
Total		 31.8.20
£
286,489
19,038
5,338
310,865
31.8.20
14
Unrestricted
fund
£
6,964
46,373
455,055
7
76,403
584,802
443,254
78,164
521,418		 31.8.20
£
286,489
19,038
5,338
310,865
31.8.20
14
Unrestricted
fund
£
6,964
46,373
455,055
7
76,403
584,802
443,254
78,164
521,418
584,802
443,254
78,164
521,418

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 13

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD
12.
TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 September 2020
-
Additions
6,629
Reclassification
6,063
At 31 August 2021
12,692
DEPRECIATION
At 1 September 2020
-
Charge for year
2,345
Reclassification/transfer
3,314
At 31 August 2021
5,659
NET BOOK VALUE
At 31 August 2021
7,033
At 31 August 2020
-		 Unrestricted
fund
£
63,384
2,376
65,760
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
6,063
5,655
11,718
-
6,118
12,747
(6,063)
-
-
-
11,773
24,465
3,314
2,027
5,341
-
4,065
6,410
(3,314)
-
-
-
6,092
11,751
-
5,681
12,714
2,749
3,628
6,377		 Unrestricted
fund
£
63,384
2,376
65,760
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
6,063
5,655
11,718
-
6,118
12,747
(6,063)
-
-
-
11,773
24,465
3,314
2,027
5,341
-
4,065
6,410
(3,314)
-
-
-
6,092
11,751
-
5,681
12,714
2,749
3,628
6,377
63,384
2,376
65,760
Totals
£
11,718
12,747
-
24,465
5,341
6,410
-
11,751
12,714
6,377

continued...

Page 14

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Trade debtors provision
Prepayments and accrued income
Prepayments
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Pension control
Accruals and deferred income
Accrued expenses
15.
MOVEMENT IN FUNDS
At 1.9.20
£
Unrestricted funds
General fund
65,760
Restricted funds
Extra Time Project
-
TOTAL FUNDS
65,760
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
498,475
Restricted funds
Extra Time Project
217,093
TOTAL FUNDS
715,568		 31.8.21
£
18,077
(2,214)
-
350
16,213
31.8.21
£
7,976
-
1,367
25,000
15,020
49,363
Net
movement
in funds
£
25,065
2,715
27,780
Resources
expended
£
(473,410)
(214,378)
(687,788)		 31.8.20
£
6,679
-
10,055
3,374
20,108
31.8.20
£
4,143
17,400
818
-
4,055
26,416
At
31.8.21
£
90,825
2,715
93,540
Movement
in funds
£
25,065
2,715
27,780

Page 15

continued...

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.9.19
in funds
£
£
Unrestricted funds
General fund
2,376
63,384
TOTAL FUNDS
2,376
63,384
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
584,802
(521,418)
TOTAL FUNDS
584,802
(521,418)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.9.19
in funds
£
£
Unrestricted funds
General fund
2,376
88,449
Restricted funds
Extra Time Project
-
2,715
TOTAL FUNDS
2,376
91,164		 At
31.8.20
£
65,760
65,760
Movement
in funds
£
63,384
63,384
At
31.8.21
£
90,825
2,715
93,540

Page 16

continued...

The Russell Martin Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

15. MOVEMENT IN FUNDS - continued

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

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,083,277
(994,828)
Restricted funds
Extra Time Project
217,093
(214,378)
TOTAL FUNDS
1,300,370
(1,209,206)		 Movement
in funds
£
88,449
2,715
91,164

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2021.

Page 17

The Russell Martin Foundation

Detailed Statement of Financial Activities
for the Year Ended 31 August 2021
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
Courses & events
Consultancy fees
Support costs
Management
Office rent and rates
Carried forward		 31.8.21
£
2,132
17,738
61,857
438,119
3,570
80,181
601,465
5
47,027
64,939
715,568
22,068
55,082
370,287
28,048
7,084
77,370
12,701
19,598
592,238
7,768
7,768		 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
-
19,370
443,254
7,859
7,859

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 2021

Management
Brought forward
Repairs and renewals
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Staff training
Computer costs
Motor expenses
Vehicle leasing
Travel and subsistence
Finance
Bank charges
Depreciation of tangible fixed assets
Other
Subscriptions
Donations
Sundries
Cleaning
Entertaining
Interest payable
Bank interest
Bank loan interest
HMRC interest
Governance costs
Legal fees
Accountancy
Total resources expended
Net income		 31.8.21
£
7,768
9,443
5,324
2,466
4,010
2,937
4,383
3,946
7,083
9,921
13,284
1,714
72,279
52
6,410
6,462
67
702
1,019
1,117
1,860
4,765
82
-
6
88
796
11,160
11,956
687,788
27,780		 31.8.20
£
7,859
7,561
7,027
1,932
3,081
1,114
1,370
2,772
18,050
6,812
12,386
1,646
71,610
86
2,730
2,816
148
-
503
928
-
1,579
90
149
-
239
720
1,200
1,920
521,418
63,384

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