| Report ofthe Trustees | 1 | to | 7 |
|---|---|---|---|
| Report ofthe Independent Auditors |
8 | to | 11 |
| Statement ofFinancial Activities | 12 | ||
| Balance Sheet | 13 | to | 14 |
| Cash Flow Statement | 15 | ||
| Notes to the Cash Flow Statement | 16 | ||
| Notes to the Financial Statements | 17 | to | 26 |
| 31.8.21 | 31.8.20 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | Total | |||
| funds | funds | funds | funds | funds | |||
| Notes | |||||||
| DICOME AND | |||||||
| ENDOWMENTS FROM | |||||||
| Charitable activities |
|||||||
| Sports and wellbeing | 107,234 | 107,234 | 216,728 | ||||
| Education | 262,985 | 388,714 | 651,699 | 600,071 | |||
| Community engagement |
723,216 | 322,087 | 1,045,303 | 557,751 | |||
| Covid Funding | 412,697 | 412,697 | 386,535 | ||||
| Other income | 11,067 | ||||||
| Total | 1,506,132 | 710,801 | 2,216,933 | 1,772,152 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Sports snd wellbeing | 78,926 | 26,107 | 105,033 | 318,466 | |||
| Education | 193,567 | 673,198 | 866,765 | 494,643 | |||
| Community engagement |
259,832 | 372,819 | 632,651 | 627,200 | |||
| Total | 532,325 | 1,072,124 | 1,604,449 | 1,440,309 | |||
| NET | |||||||
| INCOME/(EXPENDITURE) | 973,807 | (361,323) | 612,484 | 331,843 | |||
| RECONCILIATION | OF | ||||||
| FUNDS | |||||||
| Total funds brought | forward | 1,464,313 | 2,147,828 | 3,612,141 | 3,280,298 | ||
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 2,438,120 | 1,786,505 | 4,224,625 | 3,612,141 |
| Balance Sheet 331A3 2D21 |
||||||
|---|---|---|---|---|---|---|
| 31.8.21 | 31.8.20 | |||||
| Unrestricted | Designated | Restricted | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 8 | 2,015,675 | 1,786,505 | 3,802,180 | 3,826,235 | |
| Social investments | 9 | 82,000 | 82,000 | 82,000 | ||
| 2,097,675 | 1,786,505 | 3,884,180 | 3,908,235 | |||
| CURRENT ASSETS | ||||||
| Debtors | 10 | 134,967 | 134,967 | 50,406 | ||
| Prepayments and accrued |
||||||
| income | 6,790 | 6,790 | 1,504 | |||
| Cash at bank and in hand | 590,959 | 590,959 | 425,591 | |||
| 732,716 | 732,716 | 477,501 | ||||
| CREDITORS | ||||||
| Amounts fidling due within one |
||||||
| year | 11 | (265,230) | (265,230) | (245,620) | ||
| NET CURRENT ASSETS | 467,486 | 467,486 | 231,881 | |||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 2,565,161 | 1,786,505 | 4,351,666 | 4,140,116 | ||
| CREDITORS | ||||||
| Amounts falling due afier more |
||||||
| than one year | 12 | (127,041) | (127,041) | (527,975) | ||
| NET ASSETS | 2,438,120 | 1,786,505 | 4,224,625 | 3,612,141 | ||
| FUNDS | 14 | |||||
| Unrestricted funds |
2,438,120 | 1,464,313 | ||||
| Restricted funds | 1,786,505 | 2,147,828 | ||||
| TOTAL FUNDS | 4,224,625 | 3,612,141 | ||||
| The charitable company is entitled |
to exemption &om audit under Section |
477 ofthe | Companies Act 2006 |
for the year |
||
| ended 31August 2021. |
| Cash Flow Statement | ||||
|---|---|---|---|---|
| for the Year Ended 31Au | t2021 | |||
| 31.8.21 | 31.8.20 | |||
| Notes | E | |||
| Cash flows from operating | activities | |||
| Cash generated trom operations |
224,662 | 402,795 | ||
| Interest paid | (10,658) | (28,860) | ||
| Net cash provided by operating acdvities |
214,004 | 373,935 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets | (48,636) | |||
| Net cash (used in)/provided | by investing | activities | (48,636) | |
| Change in cash and cash equivaleats | in | |||
| the reporting period |
165,368 | 373,935 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 425,591 | 51,656 | |
| Cash and cash equivalents | at the end | ef | ||
| the reporting period |
590,959 | 425,591 |
| for t | he Year Ended 31Au t |
he Year Ended 31Au t |
he Year Ended 31Au t |
2021 | 2021 | ||
|---|---|---|---|---|---|---|---|
| RECONCILIATION | OFNET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | |||||
| 31.8.21 | 31.8.20 | ||||||
| 6 | |||||||
| Net income | for the | reporting | period (asper the Statement efFinancial | ||||
| Activities) | 612,484 | 331,843 | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 72,691 | 57,447 | ||||
| Interest paid | 10,658 | 28,860 | |||||
| (Increase)/decrease | in debtors | (89,847) | 96,009 | ||||
| Decrease in | creditors | (381,324) | (111,364) | ||||
| Net cash provided | by | operations | 224,662 | 402,795 | |||
| 2. | ANALYSIS | OF CHANGES IN NET (DEBT)/FI/NDS | |||||
| At 1.9.20 | Cash flow | At 31.8.21 | |||||
| Net cash | |||||||
| Cash at bank | and in | hand | 425,591 | 165,368 | 590,959 | ||
| 425,591 | 165,368 | 590,959 | |||||
| Debt | |||||||
| Debts falling | due within I year | (24,474) | 751 | (23,723) | |||
| Debts falling | due after | 1 year | (527,975) | 400,934 | (127,041) | ||
| (552,449) | 401,685 | (150,764) | |||||
| Total | (126,858) | 567,053 | 440,195 |
| Freehold property | 1%on cost |
|---|---|
| Long leasehold | at varying rates on cost |
| Improvements to property |
1%on cost and Straight line over the term ofthe lease |
| plant and machinery | Straight line over 4 years |
| Fixtures snd fittings | Straight line over 4 years |
| Motor vehicles | Straight line over 4years |
| Computer equipment |
Straight line over 3years |
| 31.8.21 | 31.8.20 | |||||
|---|---|---|---|---|---|---|
| Activity | ||||||
| Sports Centre income | Sports and | wellbeing | 107,234 | 216,728 | ||
| Training income |
Education | 262,985 | 287,123 | |||
| Grants | Education | 388,714 | 312,948 | |||
| Library management | Community | engagement | 165,000 | 165,000 | ||
| Room hire | Community | engagement | 6,407 | 12,563 | ||
| Room rental | Community | engagement | 181,617 | 125,172 | ||
| Grants | Community | engagement | 692,279 | 255,016 | ||
| Grants | Covid Funding | 412,697 | 386,535 | |||
| 2,216,933 | 1,761,085 | |||||
| Grants received, included in | the | above, are | as follows: | |||
| 31.8.21 | 31.8.20 | |||||
| 8 | ||||||
| Sports England | 54,263 | 73,688 | ||||
| Power to Change Trust | 25,000 | |||||
| Liverpool City Council | 339,118 | 289,628 | ||||
| Big Lottery Fund | 92,000 | 103,000 | ||||
| Cobalt Housing | 4,805 | |||||
| Seiton Council for Voluntary | Service | 61,683 | 59,883 | |||
| Liverpool Community | College | 4,811 | ||||
| Other | 250 | |||||
| Awards For All | 9,900 | |||||
| Veolia Environmental | Trust | 14,664 | ||||
| Merseyside Play in Action | 2,000 | 2,060 | ||||
| Covid Funding | 417,877 | 386,535 | ||||
| National Lottery Community | Fund | 69,000 | ||||
| Steve Morgan Foundation | 36,127 | |||||
| Liverpool Council for Voluntary | Service | 9,980 | ||||
| Department for Work 8cPension |
21,725 | |||||
| Social Enterprise Investment |
Fund | 173,969 | ||||
| Future Builders England | 196,223 | |||||
| 1,493,690 | 954,499 |
| CHARITA | BLE ACTIVITIES COSTS | |||
|---|---|---|---|---|
| Support | ||||
| Direct | costs (see | |||
| Costs | note 4) | Totals | ||
| E | ||||
| Sports and | wellbeing | 40,021 | 65,012 | 105,033 |
| Education | 739,214 | 127,551 | 866,765 | |
| Community | engagement | 426,351 | 206,300 | 632,651 |
| 1,205,586 | 398,863 | 1,604,449 |
| SUPPORT COSTS | ||||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| General | Finance | costs | Totals | |||
| Sports and wellbeing | 61,686 | 1,680 | 1,646 | 65,012 | ||
| Education | 119,393 | 4,122 | 4,036 | 127,551 | ||
| Community engagement |
195,351 | 5,531 | 5,418 | 206,300 | ||
| 376,430 | 11,333 | 11,100 | 398,863 | |||
| Support costs, included | in the above, are as follows: | |||||
| 31.8.21 | 31.8.20 | |||||
| Sports | ||||||
| slid | Community | Total | Total | |||
| wellbeing | Education | engagement | activities | activities | ||
| Premises costs | 25,757 | 63,169 | 121,191 | 210,117 | 252,977 | |
| Repairs and renewals | 1,191 | 17,526 | 40,157 | 58,874 | 23,628 | |
| Travel expenses | 3,589 | 3,589 | 2,590 | |||
| Postage and stationery | 124 | 304 | 408 | 836 | 9,620 | |
| Sundries | 90 | 222 | 297 | 609 | 156 | |
| Legal and professional | fees | 4,109 | 10,077 | 15,528 | 29,714 | 44,828 |
| Depreciation oftangible | ||||||
| fixed assets | 30,415 | 28,095 | 14,181 | 72,691 | 57,447 | |
| Bank charges | 100 | 246 | 329 | 675 | 879 | |
| Interest payable and similar |
||||||
| charges | 1,580 | 3,876 | 5,202 | 10,658 | 28,860 | |
| Auditors' remuneration |
1,646 | 4,036 | 5,418 | 11,100 | 10,200 | |
| 65,012 | 127,551 | 206,300 | 398,863 | 431,185 | ||
| NET INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is stated | afier charging/(crediting): | ||||
| 31.8.21 | 31.8.20 | |||||
| Auditors' remuneration |
11,100 | 10,200 | ||||
| Depreciation —owned assets |
72,691 | 57,447 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 31.8.21 | 31.8.20 | |||
| 8 | ||||
| Wages and salaries | 506,713 | 814,536 | ||
| Social security costs | 48,234 | 53,149 | ||
| Other pension costs | 4,910 | 7,633 | ||
| 559,857 | 875,318 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 31.8.21 | 31.8.20 | |||
| Teaching staff and trainees | 4 | 9 | ||
| Caretaker / cleaners |
4 | 5 | ||
| Otflce and management | 9 | 15 | ||
| Sports Centre staff | 9 | 15 | ||
| Library staff | 6 | 6 | ||
| 32 | 50 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Improvements | ||||
| Freehold | Long | to | Plant and | |
| pmperly | leasehold | property | machinery | |
| 8 | ||||
| COST | ||||
| At 1 September 2020 | 1,225,304 | 1,228,841 | 1,751,182 | 65,912 |
| Additions | 11,386 | |||
| Disposals | ||||
| At 31August 2021 | 1,225,304 | 1,228,841 | 1,751,182 | 77,298 |
| DEPRECIATION | ||||
| At 1September 2020 | 71,265 | 138,790 | 169,287 | 65,662 |
| Charge for year | 12,253 | 11,288 | 33,637 | 3,096 |
| Eliminated on disposal |
||||
| At 31August 2021 | 83,518 | 150,078 | 202,924 | 68,758 |
| NET BOOK VALUE | ||||
| At 31 August 2021 | 1,141,786 | 1,078,763 | 1,548,258 | 8,540 |
| At 31 August 2020 | 1,154,039 | 1,090,051 | 1,581,895 | 250 |
| for th | e Year Ended 31Au t2021 |
||||
|---|---|---|---|---|---|
| 8. | TANGIBLE FIXEDASSETS- continued | ||||
| Fixtures | |||||
| and | Motor | Computer | |||
| fittings | vehicles | equipment | Totals | ||
| g | g | ||||
| COST | |||||
| At 1 September 2020 | 522,375 | 5,875 | 102,700 | 4,902,189 | |
| Additions | 37,250 | 48,636 | |||
| Disposals | (5,875) | (5,875) | |||
| At 31 August 2021 | 522,375 | 139,950 | 4,944,950 | ||
| DEPRECIATION | |||||
| At 1 September 2020 | 522,375 | 5,875 | 102,700 | 1,075,954 | |
| Charge for year | 12,417 | 72,691 | |||
| Eliminated on disposal |
(5,875) | (5,875) | |||
| At 31August 2021 | 522,375 | 115,117 | 1,142,770 | ||
| NET BOOK VALUE | |||||
| At 31August 2021 | 24,833 | 3,802,180 | |||
| At 31August 2020 | 3,826,235 | ||||
| 9. | SOCIAL INVESTMENTS | ||||
| Programme | |||||
| related | |||||
| investments | |||||
| equity | |||||
| MARKET VALUE | |||||
| At 1 September 2020 and 31August 2021 | 82,000 | ||||
| NET BOOKVALUE | |||||
| At 31August 2021 | 82,000 | ||||
| At 31August 2020 | 82,000 | ||||
| 10. | DEBTORS:AMOUNTS FALLING DUE | WITHIN ONE YEAR | |||
| 31.8.21 | 31.8.20 | ||||
| Trade debtors | 84,967 | 50,206 | |||
| Other debtors | 50,000 | 200 | |||
| 134,967 | 50,406 |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YE | AR | |
|---|---|---|---|
| 31.8.21 | 31.8.20 | ||
| 6 | |||
| Other loans (see note 13) | 23,723 | 24,474 | |
| Trade creditors | 60,928 | 54,936 | |
| Social security and other taxes | 7,880 | 10,223 | |
| Other creditors | 131,451 | 121,107 | |
| Accruals and deferred income | 41,248 | 34,880 | |
| 265,230 | 245,620 | ||
| 12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 31.8.21 | 31.8.20 | ||
| 6 | |||
| Other loans (see note 13) | 127,041 | 527,975 | |
| 13. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 31.8.21 | 31.8.20 | ||
| Amounts falling due within one year on demand: |
|||
| Other loans | 23,723 | 24,474 | |
| Amounts falling between one and two years: |
|||
| Other loans - 1-2years | 23,723 | 84,696 | |
| Amounts falling due between two and five years: |
|||
| Other loans - 2-5 years | 71,168 | 250,673 | |
| Amounts falling due in more than five years: |
|||
| Repayable by instalments: | |||
| Other loans more 5yrs instal | 32,150 | 192,606 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.9.20 | in funds | 31.8.21 | ||
| Unrestricted funds |
||||
| General fund | 1,464,313 | 973,807 | 2,438,120 | |
| Restricted funds | ||||
| ERDF | 735,108 | (17,530) | 717,578 | |
| SEIFSports | 459,763 | (19,522) | 440,241 | |
| Power to Change | 25,000 | (25,000) | ||
| Sports England - Dovecot MAC | 34,446 | (357) | 34,089 | |
| Big Lottery —Dovecot |
MAC | 600,825 | (6,228) | 594,597 |
| Veolia Environmental | Trust | 44,156 | (44,156) | |
| Skills Capital Funding | 222,798 | (222,798) | ||
| Sport England - Croxteth | 25,732 | (25,732) | ||
| 2,147,828 | (361,323) | 1,786,505 | ||
| TOTAL FUNDS | 3,612,141 | 612,484 | 4,224,625 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 1,506,132 | (532,325) | 973,807 | ||
| Restricted funds | |||||
| ERDF | (17,530) | (17,530) | |||
| SEIFSports | (19,522) | (19,522) | |||
| Power to Change | (25,000) | (25,000) | |||
| Sports England - Dovecot MAC | (351) | (357) | |||
| BigLottery - Dovecot | MAC | (6,228) | (6,228) | ||
| Liverpool City Council | 86,070 | (86,070) | |||
| Liverpool Community | College - Enterprise | ||||
| Hub | 4,811 | (4,811) | |||
| Big Lottery - Reaching | Communities | 92,000 | (92,000) | ||
| Other Restricted Funds | 5,430 | (5,430) | |||
| Veolia Environmental | Trust | 14,664 | (58,820) | (44,156) | |
| Include - ITMersey | 26,751 | (26,751) | |||
| Skills Capital Funding | 253,048 | (475,846) | (222,798) | ||
| Merseyside Play Action Council |
2,000 | (2,000) | |||
| Sport England - Cmxteth | 8,311 | (34,043) | (25,732) | ||
| VOLA New Futures | 34,932 | (34,932) | |||
| National Lottery Covid Community | Fund | 69,000 | (69,000) | ||
| Steve Morgan Older Persons Hub | 36,127 | (36,127) | |||
| HAF Funding | |||||
| 9,980 | (9,980) | ||||
| Youth Hub | 21,725 | (21,725) | |||
| Sports England National Leisure Recovery | |||||
| Fund | 45,952 | (45,952) | |||
| 710,801 | (1,072,124) | (361,323) | |||
| TOTAL FUNDS | 2,216,933 | (1,604,449) | 612,484 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.9.19 | in funds | 31.8.20 | |||
| Unrestricted | funds | ||||
| General fund | 878,364 | 105,951 | 984,315 | ||
| Dovecot MAC | 483,999 | (4,001) | 479,998 | ||
| 1,362,363 | 101,950 | 1,464,313 | |||
| Restricted funds | |||||
| ERDF | 752,638 | (17,530) | 735,108 | ||
| SEIFSports | 479,285 | (19,522) | 459,763 | ||
| Power to Change | 25,000 | 25,000 | |||
| Sports England - Dovecot MAC | 34,803 | (357) | 34,446 | ||
| Big Lottery - | Dovecot | MAC | 607,053 | (6,228) | 600,825 |
| Veolia Envimnmental | Trust | 44,156 | 44,156 | ||
| Skills Capital | Funding | 222,798 | 222,798 | ||
| Sport England | - Croxteth | 25,732 | 25,732 | ||
| 1,917,935 | 229,893 | 2,147,828 | |||
| TOTAL FUNDS | 3,280,298 | 331,843 | 3,612,141 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| 5 | |||
| Unrestricted funds |
|||
| General fund | 1,204,188 | (1,098,237) | 105,951 |
| Dovecot MAC | (4,001) | (4,001) | |
| 1,204,188 | (1,102,238) | 101,950 | |
| Restricted funds | |||
| ERDF | (17,530) | (17,530) | |
| SEIFSports | (19,522) | (19,522) | |
| Drama | 1,500 | (1,500) | |
| Power to Change | 25,000 | 25,000 | |
| Sports England - Dovecot MAC | (357) | (357) | |
| Big Lottery - Dovecot MAC | (6,228) | (6,228) | |
| Liverpool City Council | 62,130 | (62,130) | |
| Big Lottery - Reaching Communities | 103,000 | (103,000) | |
| Include - ITMersey | 31,862 | (31,862) | |
| Big Lottery - Awards for All | 9,900 | (9,900) | |
| BeYour Own Boss | 1,377 | (1,377) | |
| Skills Capital Funding | 222,798 | 222,798 | |
| Merseyside Play Action Council |
2,060 | (2,060) | |
| Help to Health | 1,928 | (1,928) | |
| Sport England - Croxteth | 73,689 | (47,957) | 25,732 |
| MNF Fund | 4,700 | (4,700) | |
| VOLA New Futures | 28,020 | (28,020) | |
| 567,964 | (338,071) | 229,893 | |
| TOTAL FUNDS | 1,772,152 | (1,440,309) | 331,843 |