2021-08-31-accounts - The Linkage Community Trust Limited

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			Page
Reference and administrative		details ofthe Trust, its Trustees and advisers	1-2
Chairman's statement			3-4
Trustees" report			5-14
Trustees' responsibilities statement			15
Independent auditors'	report	on the financial statemente	16-20
Statement offinancial	activities		21-22
Balance sheet			23-24
Statement ofcash flows
Notes tothe financial	statements		26-51

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	DETAILS OF THE TRUST, ITSTRUSTEES AND ADVISERS	DETAILS OF THE TRUST, ITSTRUSTEES AND ADVISERS	DETAILS OF THE TRUST, ITSTRUSTEES AND ADVISERS
			FOR THE YEAR		ENDED 31AUGUST 2021
Trustees			MrATBake
			Mr KJ Batty
			Mr Ivl Bell (resigned 19		July 2021)
			Professor SF Brown
			Mrs BFindlay (appointed			30 November 2021)
			Mrs E Hadley (appointed			30November 2021)
			Professor M C Hannay		(resigned 26January 2022)
			MrSJ Hatchman
			Mrs C Jervis
			Mrs S Kana (appointed		21 October 2020, resigned 20 October 2021)
			Mr M J Oliver (deceased			5 March 2021)
			Mr D Reed
			Mr A K Riley (resigned		28 April 2021)
			Mrs S M Sllnpson
			Mr M A Smith, Chakman			(appointed 28April 2021)
			Mrs K I Truscott (appointed 12July 2021)
Company	Registered
Number			01240377
Charity Registered
Number			504913
Registered		Office	Toynton Hall
			Main Road
			Toynton All Saints
			Spilsby
			Lincolnshire
			PE23 5AE
Independent		Auditors	Streets Audit LLP
			Chartered Accountants		&	Statutory Auditor
			Tower House
			Lucy Tower Street
			Lincoln
			LN1 1XW
Bankers			Lloyds Bank pic
			High Street
			Lincoln
			LN5 7AP
Solicitors			Bridge McFarland	LLP
			9Cornmarket
			Louth
			Lincoln shire
			LN11 9PY

					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2021	2021	2021	2020
				Note	F.	8	8	6
Income from:
Donations, grants and legacies:
Donations					34,081	4,066	38,147	9,339
Grants					366,252		$86,252	438,203
Charitable activities						15,185,996	15,185,885	14,506,448
Other trading activities					300	34,811	36,111	43,619
Investments								2880
Total Income					400,633	15,224,873	15,625,506	15,000,489
Expenditure on;
Raising funds:				10
Expenditure ofvoluntary			income		388,966		388,956	474,344
Fundraising expenses						102,485	102,486	61,318
Charitable activities				11		14,636,872	14,636,872	14,069,499
Other expenditure				13		(124,411)	(124,411)	113,697
Total expenditure					368,956	14,614,946	15,003,902	14,718,858
Net Income before net
gains/(losses) on		Investments			11,677	609,927	621,604	281,631
Net gains/(losses)	on investments					318,465	318,468	(11,170)
Net income					11,677	928,392	940,069	270,461
Transfers between		funds		23	(3,041 )	3,041
Net movement In	funds		before other
recognised gains					8,636	931,433	940,069	270,461
Other recognised		gains:
Gains on revaluation		offixed assets				912,972	912,972
Actuarial gains on defined			benefit
pension schemes				30		43,000	43,000	22 171
Net movement In	funds				8,6$6	1,887,406	1,896,041	292632

			Restricted	Unrestricted	Total	Toter
			funds	funds	funds	funds
		Note	2021 f	2021 6	2021f	2020
Reconciliation	offunds:
Total funds brought forward			3,239,389	18,822,041	20,061,430	19,768,798
Net movement	in funds		8,638	1,887,406	1,896,041	292,632
Total funda carried forward			3,248,025	18,709,446	21,967,471	20,061,430

						2021		2020
				Note		6		6
Fixed assets
Tangible assets				17		20,316,660		19,571,116
						20,316,660		19,571,116
Current assets
Debtors				19	1,752,791		2,059,244
Investments				20	2,480,264		2 161,799
Cash at bank and in hand					2,362,134		1,374,672
					6,585,188		5,595,715
Creditors: amounts	falling due within one
year				21	(3,049,367)		(2938,058)
Net current assets						3,535,822		2,657,657
Total assets less current liabilities						23,862,482		22,228,773
Creditors: amounts	falling due after more
than one year				22		(1,150,011)		(1,283,343)
Net assets excluding		pension	liability			22,702,471		20,945,430
Defined benefit pension		scheme	liability	30		(746,000)		(ee4,ooo)
Total net assets						21,957,471		20,061,430

			2021	2020
ESFA			112,126	75,787
Big Lottery Fund			86,774	14'/,031
Children	in Need		34,717	35,587
Forbes	Trust		26,000	25,000
Tolklen	Trust		50,000	50,000
Karten Trust				24,820
Bally Thomas			6,947	23,125
British Airways		Carbon Fund		25,000
Heritage	Lottery		29,900	29,900
Other			22,788	7,893
			366,262	438,203

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	8
Education end Adult Skills	3,692,600	3,892,600	3,585,928
Care	11,286,381	11,286,381	10,850,323
Employment	39,746	39,746	122,857
Corporate and Cafes	167,269	167,269	167,342
	15,185,996	16,185,996	14,508,448
Total 2020	14,506,448	14,506,448

Analysis of Income from charitable activities by c	ategory
	2021	2020
	6
Education and Adult Skills
Fees Receivable	3,691,026	3,533,082
Training Outlet Income	260	3,326
Other Income	101,326	29,518
	3,692,800	3.555,926
Care
Fees Receivable	10,746,605	10,173,764
Other Income	639,7T6	476,559
	11,288,381	10,650,323
Employment
Fees Receivable	39,746	122.857
	39,746	122,857
Corporate and Cafes
Fees Receivable		9,552
Training Outlet Income	169,829	74,594
Other Income	7,440	83,196
	167,269	"/67,342

8.	Income from other trading	Income from other trading	activities
	Income from fundralslng		events
				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021f	2021f	2021f	2020
	Income from	Fundralsing		300	34,811	36,111	43,619
	Total 2020			3,417	40,202	43,519
9.	Investment	Income
					Unrestricted	Total	Total
					funds	funds	funds
					2021 f.	2021f	2020f
	Bank Interest						2,880
	Total 2020				2,880	2880
10.	Expenditure	on raising funds
	Expenditure	ofvoluntary	income
					Restricted	Total	Total
					funds	funds	funds
					2021 f.	2021 2,	2020f
	Other Costs				201,959	201,959	275,484
	Payroll Costs				185,997	186,987	198,880
					388,956	388,956	474,344
	Total 2020				474,344	474,344

				Unrestricted	Total	Total
				funda	funds	funds
				2021	2021	2020
				6	5
Other Fundraising		Costs		12,601	12,601	11,026
Fundraising	Salaries			80,076	80,078	44,700
Fundrsising	National		Insurance	7,404	TA04	4,127
Fundraising	Pension			2,402	2,402	1,463
				102,465	102,485	61,316
Total 2020				61,318	6'l,3'l8

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	Z0Z0
		E	6	6
Education	and Adult Skills	3,392,309	3392,309	3,230,873
Care		10,992,596	10,992,598	10,528,590
Employment		64,696	84,696	133,614
Corporate	and Cafes	167,269	167,269	170,222
		14,636,872	14,636,872	14,069,499
Total2020		14,069,499	14,069,499

		Activities	Corporate
		undertaken	overhead	Total	Total
		directly	allocation	funds	funds
		2021 f.	2021f	2021f	2020f
Education	and Adult Skills	2,910,639	481,670	3,392,309	3,238,873
Care		9,511,887	1,480,711	10,992,598	10,528.590
Employment		79,447	5,249	84,686	133.814
Corporate	and Cafes	2,134,899	(1,967,630)	167,269	170,222
		14,636,872		14,636,872	14,069,499
Total 2020		14,059,499		14,089,499

	Education
	and Adult			Corporate	Total	Total
	Sknls	Care	Employment	and Cafes	funds	funds
	2021f	2021 f	2021 f	2021f	2021f	2020
Staff Costs	2,285,802	7,885,751	70,100	1,206,649	11,426,302	11,121,584
Other Dirert
Costs	624,837	1,646,136		928,250	3,208,670	2,947,935
	2,910,639	9,511,887	79,447	2,134,899	14,636,872	14,089,499
Total 2020	2 734,148	9,299,037	133,814	1,902,500	14,069,499

13.	Other expenditure
			Unrestricted		Total	Total
				funds	funda	funds
				2021f	2021f	2020
	Property Impairment			(154,690)	(164,690)
	Property Profit on Disposal			(55,000)	(56,000)
	Pension Scheme - Interest	on Liabilities		63,000	63,000	81,000
	Pension Scheme - Interest	on Assets		(51,000)	(91,000)	(64,000)
	Write-Off ofSubsidiary Loan Balance			73,279	73,279	96,697
				1124411)	1124411)	113692
	Total 2020			113,897	113,897
14.	Auditors' remuneration
					2021f	2020
	Fees payable to the Trust's	auditor and its associates	for the audit	ofthe
	Trust'0 annual accounts				11,600	11,800
	Fees payable to the Trust'0	auditor and its associates	in respect of:
	Taxation compliance services				900
	All non-audit services not included above				2,600	Z600
	Fees payable to the Trust'0	auditor and its associates	In connection	with the
	Trust's pension scheme(s)	in respect of:
	The auditing ofaccounts of	the scheme(a)			1,660	1,614

Staffcosts
				2021	2020
				5
Wages and	salaries			10,659,831	10,392,624
Social security costs				770,006	708,908
Contribution	to defined	contribution	pension schemes	276,247	269,202
				11,705,183	11,370.734

			2021	2020
			No.	ivo.
Education	and Occupational	&Recreation	112	106
Care			260	259
ORS			93	96
Corporate	Services		47	44
Bank Staff	- Headcount		75	88
			687	593

2021	2020
No.	Na

	Freehold snd
	Leasehold	Moveable	Motor	Fixtures snd
	Property	Buildings	Vehicles	Fittings	Total
		6	6	F	F.
Cost orvaluation
At 1 September 2020	19,399,822	17,905	661,929	3,476,823	23,666,479
Additions				66,602	66,602
Dispossls	(275,000)		(60,556)	(1,086,589)	(1,421,147)
Revaluations	1,067,662				1,067,662
At 31August 2021	20,192,484	17,906	601,371	2,467,838	23,269,596
Depreciatian
At 1 September 2020	4,683	17,906	691,194	3r3'71,681	3,985,363
Charge for the year	200		43,320	66,707	110,227
On disposals			(60,668)	(1,082,096)	(1,142,664)
At 31August 2021	4,883	17,906	573,956	2,358,182	2,952,936
Net book value
At 31 August 2021	20,187,601		27,415	101,644	20,316,880
At31August 2020	19,395,139		70,735	f05,242	19,571,118

		2021 f	2020
Due within one year
Trade debtors		669,268	673,25T
Amounts owed by group undertakings		60,64$	78,803
Other debtors		87,828	131,483
Prepayments	and accrued income	1,046,150	1,177,701
		1,762,791	2,059,244

			2021 f	2020
Investment portfolio			2,480,264	2, 'f61, 799
Creditors: Amounts	falling due	within one year
			2021f	2020
Bank loans			133,332	133,332
Trade creditors			376,620	472,095
Other taxation and social security			188,8$4	195,453
Student and resident	monies held		482,647	381,512
Other creditors			466,779	872884
Accruals and deferred	income		1,392,235	882 782
			3,049,367	2,938,058
			2021f	2020
Deferred income at 1	September		633,272	196,121
Resources deferred during the year			860,844	614,903
Amounts released from previous		periods	(460,282)	(f7T,752)
Deferred Income at 31August			1,043,854	633,272

Creditors: Amounts falling dus after	more than one year
		2021	2020
			5
Bank loans		900,011	1,033,343
Other loans		250,000	250,000
		1,150,011	1,283.343
Included within the above are amounts	falling due as follows:
		2021	2020
Between one and two years
Bank loans		133,332	133,332
Between two and five years
Bank loans		399,996	399,995
Over five years
Bank loans		386,683	500,015
Other loans		250,000	250,000

				2021	2020
				5	5
Payable	or	repayable	by instalments	366,683	500,015
Payable	or	repayable	other than by instalrnents	250,000	250,000
				616,683	750,015

Statement offunds	Statement offunds
Statement offunds		~current	year
	Balance at 1
		September			Transfers	Gains/	Balance at31
		2020	Income	Expenditure	in/out	(Losses)	August 2021
					6	5	5
Unrestricted
Funds
Designated
Funds
Digitalisation
Reserve		144,00D					144,000
General Funds
Free Reserves		2,601,099	16,224,873	(14,767,4M)	36,709	318,465	3,323,710
Property Fund	10,422,971			154,490	(8,928)		10,568,533
Revaluation
Reserve		4,637.971			(132,74D)	912,972	6,418,203
Pension
Reserve		(884,000)		(12,000)	108,000	43,0DD	(745,000)
	16,678,041		16,224,873	(14,614,946)	3,041	1,274,437	18,686,446
Total
Unrestricted
Funds	16,822,041		16,224,873	(14,614,946)	3,041	1,274,437	18,709,446
Restricted
Funds
ESFA
Maintenance		51,034	99,471	(28,412)			122,093
Bursary Funds		24,422	12,666	(18,613)	741		19,305
Big Lottery
Fund		64,941	86,774	(95,629)	(8,000)		46,888
Forbes Trust		6,002	25,0Oa	(24,000)			6,002
Children in
Need		8,704	34,717	(35,040)			8,381
Tolkien Trust			50,000	(oa,ooo)
Karten Trust		939			(939)
Bally Thomas		21,249		(22,689)			4,807
Lottery Heritage
Fund		21,000	29,900	(60,181)	(739)

	Balance at 1
	September			Transfers	Salnsl	Balance st 31
	2020	Income	Expenditure	In/out	(Losses)	August 2021
	E	E		6	F	E
Other
Restricted
Funds	93,030	67,169	(38,'I65)	5,896		117,930
Fixed Assets
Acquired	2,949,068		(26,147)			2,922,921
	3,239,389	400,633	(388,966)	(3,041)		3,248,026
Total ofFunds	20,061,430	16,625,606	(16,003,902)		1,274,437	21,967,4'71

Statement of	funds	(continued)
Statement of	funds	- prior year
		Balance at					Balance at
	5	September			Transfers	Gainer	35August
		2059	Income	Expenditure	inrout	(Losses)	2020
			6	2
Unrestricted
Funds
Designated
Funds
Digitalisation
Reserve		144,000					144,000
General Funds
Free Reserves	2,453,385		54,549,584	(14,227,314)	(263,386)	(11,170)	2501,099
Property Fund	50,275,654			(200)	147,557		10,422,971
Revaluation
Reserve	4,637,971						4,637,971
Pension
Reserve	(5,005,000)			(17,000)	115,829	22,171	(884,000)
	16,381,970		14,549,584	(14,244,514)		51,005	16,678,041
Total
Unrestricted
Funds	16,505,970		14,549,584	(54,244,514)		11,001	16,822 04'I
Restricted
Funds
ESFA
Maintenance		113,606	43,171	(95,263)	(10,480)		55,034
Bursary Funds		13,839	19,492	(8,909)			24,422
Promoting
Independence	I
Developing
Employment
Opportunities		2208			(2208)
Big Lottery
Fund		58,590	141,031	(137,960)	3,280		64,941
Forbes Trust		32,002	25,000	(52,000)			5,002
Children in
Need		1,515	35,867	(28,688)	10		8,704
							Page 43

Statement offu	nds - prior year	(continued)
	Balance at					Balance at
	1September			Transfers	Gainer	31August
	2019f	incomef	Expendituref	infectf	(Losses)f	2020f
Tolkien Trust		50,000	(50,OOD)
Karten Trust		24,820	(23,881)			939
Bally Thomas		23,125	(4,876)	3,000		21,249
British Airways
Carbon Fund		25,000	(25,000)
Lottery Heditage
Fund		29,900	(9,900)	1,DOO		21,000
Other
Restricted
Funds	87,333	33,499	(22,720)	(5,082)		93,030
Fixed Assets
Acquired	2,953,735		(15,147)	10,480		2,949,068
	3,252,828	450,905	(474,344)			3,239,389
Total ofFunds	19,768,798	15000489	(14,718,858)		11,001	20,081,430

Summary offu	nds - current ye	ar
	Balance at 1
	September			Transfers	Gainal	Balanceat31
	2020 6	Income 6	Expenditure 6	lniout E	(Loeeea) E	August 2021 E
Designated
funds	144,000					144,000
General funds	16,678,041	15,224,873	(14,614,946)	3,041	1,274,437	18,565,446
Restricted
funds	3,239,369	400,633	(388,968)	(3,041)		3,248,025
	20,061,430	15,825,506	(16,003,902)		1,274,437	21,95T,471

Summary offu	nds - prior year
	Satanas a(					Satanas at
	1 September			Transfers	Gains'	31Avgvst
	2010	income	Expanditvra	taro at	(Losses)	2020
	5					6
Designated
funds	144,000					144,000
General funds	16,361,970	14,549,584	(14,244,514)		11,001	16,678,041
Restricted
funds	3,262,828	450,905	(474,344)			3,239,389
	19,768,798	15,000,489	(14,718,858)		11,001	20,061,430

Analysis	of net assets between funds - current	year
		Restricted	Unrsstrlctsil	Total
		funds	funds	funds
		2021 6	2021 6	2021f
Tangible	fixed assets	2,922,921	17,393,739	20,316,660
Current assets		502,779	6,082,410	6,586,189
Creditors	due within one year	(177,675)	(2,871,692)	(3,049,367)
Creditors	due in more than one year		(1,150,011)	(1,160,011)
Provisions	for liabilities snd charges		(745,000)	(746,000)
Total		3,246,025	18,709,446	21,957,471

	Analysis ofnet ass	ets between	funds - prior year
			Restricted	I/nresttleted	Tote/
			funds	funds	funds
			2020	2020	2020
	Tangible fixed assets		2949068	16622048	19571,116
	Current assets		467,996	5,f27,719	5,595,715
	Creditors due within	one year	(177,675)	(2,760,383)	(2,938,058)
	Creditors due in more than one year			(1,283,343)	(1,283,343)
	Provisions for liabilities and charges			(ee4,000)	(eed,ooo)
	Total		3,239,389	16,822,041	20,061,430
27.	Reconcglatlon ofnet movement		In funds to net cash flow from operating	activities
				2021	2020
				6
	Net income forthe year (as per Statement ofFinancial Activities)			940,069	270,461
	AdJustments for:
	Depreciation charges			110,227	84.007
	Property impairment			(164,690)
	(Gain) / loss on investments			(318,466)	11,170
	Profit on the sale of	fixed assets		(52,357)	(500)
	Decrease/(increase)	In debtors		306,453	(152,812)
	Increase in creditors			123,832	866,934
	Pension finance and	administration	costs	12,000	17,000
	Contributions to defined benefit pension schemes			(108,000)	(115,829)
	Net cash provided	by operating	activities	859,089	980,431

Principal	actuarial assumptions at the Balance sheet date (expressed	as weighted averages):
		At 31August	At 31August
		2021	2020
		4$
Discount	Rats	1.60	1.50
Retail Prices Index (RPI) Inflation		3,60	3.20
LPI Pension Increases		3.60	3.20
Assumed	Percentage of Pension Taken as Tax Free Cash	20.00	20.OO

	At 31 August	At31August
	2021	2020
	Years	years
Mortality rates (in years)
-for a male aged 65 now	22.4	22.3
-at 65fora male aged 45 now	24.2	24.1
-fora female aged 65 now	24.3	24.2
-at 65forafemale aged 45 now	26.2	28.1

The Trust's shar	e ofthe	assets In the scheme was:
			At 31August	At 31August
			2021	2020
			6
Cash			63,000	142,000
Funds			1AI96,000	2,307,000
Annuity Policies				'),450,000
Insured Assets			1,402,000
Total fair value	ofassets		2,963,000	3,899,000
The actual return	on scheme assets was 6105,000(2020-8223,000).
Ths amounts recognised		in the Statement offinancial activities are ss follows:

			2021	2020
Interest on assets			(51,000)	(84,000)
Interest on liabilities			63,000	81,000
Total amount recognised	In the Statement offinancial	activities	12,000	1T,ooo

Moveme	nts in th	e present value ofthe defined benefit obligation	were as follows.
			2021
			8
Opening	defined	benefit obligation	4,783,000
Changes	to actuarial assumptions		11,000
Benefits	paid		(1,129,000)
Interest	on liabilities		83,000
Closing	defined	benefit obligation	3,728,000

Moveme	nts in the fair value ofthe Trust's share ofscheme assets	were as follows:
		2021
Opening	fair value ofscheme assets	3,899,000
Interest	on assets	51,000
Return	on assets less Interest	54,000
Contributions		108,000
Benefits paid		(1,129.000)
Closing	fair value ofscheme assets	2,983,000

At 31 Aug cancellable	ust 2021 the Trust had commitments to make futu operating leases as follows:	re minimum lease payments	under non-
		2021	zozo
		8
Not later than 1 year		7,471	8,655
Later than	1 year and not later than 5years	5,918	4,285
		13,389	'i0,940