| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 10 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 12 | to | 13 |
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 15 | ||
| Notes to the Financial Statements | 16 | to | 24 |
| Detailed Statement ofFinancial Activities | 25 | to | 26 |
| for the Year Ended 31 | Au ust 2022 |
|||||
|---|---|---|---|---|---|---|
| 31.8.22 | 31.8.21 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Charitable activities |
||||||
| Sports and wellbeing | 207,045 | 207,045 | 107,234 | |||
| Education | 292,421 | 95,054 | 387,475 | 651,699 | ||
| Community engagement |
341,362 | 325,125 | 666,487 | 1,045,303 | ||
| Covid Funding | 39,902 | 39,902 | 412,697 | |||
| Other income | 21,623 | 21,623 | ||||
| Total | 902,353 | 420,179 | 1,322,532 | 2,216,933 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Sports and wellbeing | 225,330 | 26,107 | 251,437 | 105,033 | ||
| Education | 318,248 | 112,584 | 430,832 | 866,765 | ||
| Community engagement |
371,507 | 287,625 | 659,132 | 632,651 | ||
| Total | 915,085 | 426,316 | 1,341,401 | 1,604,449 | ||
| NET INCOME/(EXPENDITURE) | (12,732) | (6,137) | (18,869) | 612,484 | ||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward | 2,438,120 | 1,786,505 | 4,224,625 | 3,612,141 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,425,388 | 1,780,368 | 4,205,756 | 4,224,625 |
| Balance Sheet | |||||
|---|---|---|---|---|---|
| ~31 Au ust 2022 | |||||
| 31.8.22 | 31.8.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 8 | 1,989,776 | 1,780,368 | 3,770,144 | 3,802,180 |
| Social investments | 9 | 82,000 | — | 82,000 | 82,000 |
| 2,071,776 | 1,780,368 | 3,852,144 | 3,884,180 | ||
| CURRENT ASSETS | |||||
| Debtors | 10 | 251,172 | 251,172 | 134,967 | |
| Prepayments and accrued income |
9,170 | 9,170 | 6,790 | ||
| Cash at bank and in hand | 585,980 | 585,980 | 590,959 | ||
| 846,322 | 846,322 | 732,716 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
11 | (389,077) | (389,077) | (265,230) | |
| NET CURRENT ASSETS | 457,245 | 457,245 | 467,486 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 2,529,021 | 1,780,368 | 4,309,389 | 4,351,666 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
12 | (103,633) | (103,633) | (127,041) | |
| NET ASSETS | 2,425,388 | 1,780,368 | 4,205,756 | 4,224,625 | |
| FUNDS | 14 | ||||
| Unrestricted funds |
2,425,388 | 2,438,120 | |||
| Restricted funds | 1,780,368 | 1,786,505 | |||
| TOTAL FUNDS | 4,205,756 | 4,224,625 |
| Cash Flow Statement | ||||||
|---|---|---|---|---|---|---|
| for the Year Ended 31Au | st 2022 | |||||
| 31.8.22 | 31.8.21 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
53,853 | 224,662 | ||||
| Interest paid | (4,958) | (10,658) | ||||
| Net cash provided by operating activities |
48,895 | 214,004 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (53,874) | (48,636) | |||
| Net cash used in investing | activities | (53,874) | (48,636) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
(4,979) | 165,368 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 590,959 | 425,591 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
585,980 | 590,959 |
| OPERATING AC | TIVI | TIES | |||
|---|---|---|---|---|---|
| 31.8.22 | 31.8.21 | ||||
| Net (expenditure)/income | for the reporting | period (as per the | |||
| Statement ofFinancial | Activities) | (18,869) | 612,484 | ||
| Adjustments for: |
|||||
| Depreciation charges |
85,910 | 72,691 | |||
| Interest paid | 4,958 | 10,658 | |||
| Increase in debtors | (118,585) | (89,847) | |||
| Increase/(decrease) | in creditors | 100,439 | (381,324) | ||
| Net cash provided | by operations | 53,853 | 224,662 |
| ANALYSIS OF CHAN | GES IN NET FUNDS | |||
|---|---|---|---|---|
| At 1.9.21 | Cash flow | At 31.8.22 | ||
| Net cash | ||||
| Cash at bank and in hand | 590,959 | (4,979) | 585,980 | |
| 590,959 | (4,979) | 585,980 | ||
| Debt | ||||
| Debts falling due within | 1 year | (23,723) | 156 | (23,567) |
| Debts falling due afler 1 | year | (127,041) | 23,408 | (103,633) |
| (150,764) | 23,564 | (127,200) | ||
| Total | 440,195 | 18,585 | 458,780 |
| INCOME FROM | CH | AR | IT | AB | LE ACTI | VITIES | ||
|---|---|---|---|---|---|---|---|---|
| 31.8.22 | 31.8.21 | |||||||
| Activity | ||||||||
| Sports Centre income | Sports and wellbeing | 165,413 | 107,234 | |||||
| Sports Centre recharges | Sports and wellbeing | 41,632 | ||||||
| Training income | Education | 271,086 | 262,985 | |||||
| Grants | Education | 116,389 | 388,714 | |||||
| Library management | Community | engagement | 165,000 | 165,000 | ||||
| Room hire | Community | engagement | 21,428 | 6,407 | ||||
| Room rental | Community | engagement | 154,934 | 181,617 | ||||
| Grants | Community | engagement | 325,125 | 692,279 | ||||
| Grants | Covid Funding | 39,902 | 412,697 | |||||
| 1,300,909 | 2,216,933 | |||||||
| Grants received, included | in the | above, are as follows: | ||||||
| 31.8.22 | 31.8.21 | |||||||
| Sports England | 54,263 | |||||||
| Liverpool City Council | 53,011 | 339,118 | ||||||
| BigLottery | 75,317 | 92,000 | ||||||
| Cobalt Housing | 3,562 | |||||||
| Sefton Council for | Voluntary | Service | 35,837 | 61,683 | ||||
| Liverpool Community |
College | 4,811 | ||||||
| Other | 250 | |||||||
| Awards For All | 9,983 | |||||||
| Veolia Environmental | Trust | 50,400 | 14,664 | |||||
| Merseyside Play in |
Action | 2,000 | ||||||
| Covid Funding | 28,520 | 417,877 | ||||||
| National Lottery Community |
Fund | 69,000 | ||||||
| Steve Morgan Foundation | 14,949 | 36,127 | ||||||
| Liverpool Council | for | Voluntary | Service | 36,766 | 9,980 | |||
| Department for Work &Pension |
54,566 | 21,725 | ||||||
| Social Enterprise Investment |
Fund | 173,969 | ||||||
| Future Builders England | 196,223 | |||||||
| Sutton Croft | 12,962 | |||||||
| The Clothworkers Foundation |
50,000 | |||||||
| BigIssue National | Lottery | 13,500 | ||||||
| New Futures | 42,043 | |||||||
| 481,416 | 1,493,690 |
| CHARITABLE ACTI | VITIE | S COSTS | ||||
|---|---|---|---|---|---|---|
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 4) | Totals | ||||
| Sports and wellbeing | 105,695 | 145,742 | 251,437 | |||
| Education | 243,977 | 186,855 | 430,832 | |||
| Community engagement |
398,926 | 260,206 | 659,132 | |||
| 748,598 | 592,803 | 1,341,401 | ||||
| SUPPORT COSTS | ||||||
| Governance | ||||||
| General | Finance | costs | Totals | |||
| Sports and wellbeing | 141,616 | 1,393 | 2,733 | 145,742 | ||
| Education | 181,027 | 1,967 | 3,861 | 186,855 | ||
| Community engagement |
253,404 | 2,296 | 4,506 | 260,206 | ||
| 576,047 | 5,656 | 11,100 | 592,803 | |||
| Support costs, included | in the | above, are as follows: | ||||
| 31.8.22 | 31.8.21 | |||||
| Sports | ||||||
| and | Community | Total | Total | |||
| wellbeing | Education | engagement | activities | activities | ||
| Premises costs | 70,878 | 100,105 | 116,859 | 287,842 | 210,117 | |
| Repairs and renewals | 15,895 | 22,806 | 76,606 | 115,307 | 58,874 | |
| Travel expenses | 577 | 816 | 1,014 | 2,407 | 3,589 | |
| Postage and stationery | 1,775 | 2,507 | 2,927 | 7,209 | 836 | |
| Sundries | 497 | 701 | 819 | 2,017 | 609 | |
| Legal and professional | fees | 18,555 | 26,207 | 30,593 | 75,355 | 29,714 |
| Depreciation oftangible | ||||||
| fixed assets | 33,439 | 27,885 | 24,586 | 85,910 | 72,691 | |
| Bank charges | 172 | 243 | 283 | 698 | 675 | |
| Interest payable and similar | ||||||
| charges | 1,221 | 1,724 | 2,013 | 4,958 | 10,658 | |
| Auditors' remuneration |
2,733 | 3,861 | 4,506 | 11,100 | 11,100 | |
| 145,742 | 186,855 | 260,206 | 592,803 | 398,863 |
| 31.8.22 | 31.8.21 | |||
|---|---|---|---|---|
| Auditors' | remuneration | 11,100 | 11,100 | |
| Depreciation | - owned assets | 85,910 | 72,691 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 31.8.22 | 31.8.21 | |||
| Wages and salaries | 560,257 | 506,713 | ||
| Social security costs | 36,683 | 48,234 | ||
| Other pension costs | 6,765 | 4,910 | ||
| 603,705 | 559,857 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 31.8.22 | 31.8.21 | |||
| Teaching staff and trainees | 4 | 4 | ||
| Caretaker / cleaners |
4 | 4 | ||
| Office and management | 10 | 9 | ||
| Sports Centre staff | 8 | 9 | ||
| Library staff | 6 | 6 | ||
| 32 | 32 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Improvements | ||||
| Freehold | Long | to | ||
| property | leasehold | property | ||
| COST | ||||
| At 1 September 2021 | 1,225,304 | 1,228,841 | 1,751,182 | |
| Additions | ||||
| At 31 August 2022 | 1,225,304 | 1,228,841 | 1,751,182 | |
| DEPRECIATION | ||||
| At 1 September 2021 | 83,518 | 150,078 | 202,924 | |
| Charge for year | 12,253 | 11,288 | 33,637 | |
| At 31 August 2022 | 95,771 | 161,366 | 236,561 | |
| NET BOOKVALUE | ||||
| At 31August 2022 | 1,129,533 | 1,067,475 | 1,514,621 | |
| At 31August 2021 | 1,141,786 | 1,078,763 | 1,548,258 | |
| Fixtures | ||||
| Plant and | and | Computer | ||
| machinery | fittings | equipment | Totals | |
| COST | ||||
| At 1 September 2021 | 77,298 | 522,375 | 139,950 | 4,944,950 |
| Additions | 53,874 | 53,874 | ||
| At 31August 2022 | 131,172 | 522,375 | 139,950 | 4,998,824 |
| DEPRECIATION | ||||
| At 1 September 2021 | 68,758 | 522,375 | 115,117 | 1,142,770 |
| Charge for year | 16,315 | 12,417 | 85,910 | |
| At 31August 2022 | 85,073 | 522,375 | 127,534 | 1,228,680 |
| NET BOOKVALUE | ||||
| At 31August 2022 | 46,099 | 12,416 | 3,770,144 | |
| At 31August 2021 | 8,540 | 24,833 | 3,802,180 |
| 9. | SOCIAL INVESTMENTS | ||
|---|---|---|---|
| Programme | |||
| related | |||
| investments | |||
| equity | |||
| MARKET VALUE | |||
| At 1 September 2021 and 31 August 2022 | 82,000 | ||
| NET BOOKVALUE | |||
| At 31August 2022 | 82,000 | ||
| At 31August 2021 | 82,000 | ||
| 10. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.8.22 | 31.8.21 | ||
| Trade debtors | 134,737 | 84,967 | |
| Other debtors | 116,435 | 50,000 | |
| 251,172 | 134,967 | ||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.8.22 | 31.8.21 | ||
| Other loans (see note 13) | 23,567 | 23,723 | |
| Trade creditors | 198,627 | 60,928 | |
| Social security and other taxes | 10,115 | 7,880 | |
| Other creditors | 122,203 | 131,451 | |
| Accruals and deferred income | 34,565 | 41,248 | |
| 389,077 | 265,230 | ||
| 12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 31.8.22 | 31.8.21 | ||
| Other loans (see note 13) | 103,633 | 127,041 | |
| 13. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 31.8.22 | 31.8.21 | ||
| Amounts falling due within one year on demand: |
|||
| Other loans | 23,567 | 23,723 | |
| Amounts falling between one and two years: |
|||
| Other loans - 1-2years | 23,567 | 23,723 | |
| Amounts falling due between two and five years: |
|||
| Other loans - 2-5 years | 70,700 | 71,168 |
| LOANS | - continued | ||
|---|---|---|---|
| 31.8.22 | 31.8.21 | ||
| Amounts | falling due in more than five years: | ||
| Repayable | by instalments: | ||
| Other loans more 5yrs instal | 9,366 | 32,150 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.9.21 | in funds | 31.8.22 | ||
| Unrestricted funds |
||||
| General fund | 2,438,120 | (12,732) | 2,425,388 | |
| Restricted funds | ||||
| ERDF | 717,578 | (17,530) | 700,048 | |
| SEIFSports | 440,241 | (19,522) | 420,719 | |
| Sports England - |
Dovecot MAC | 34,089 | (357) | 33,732 |
| BigLottery —Dovecot MAC |
594,597 | (6,228) | 588,369 | |
| The Clothworkers | Foundation | 37,500 | 37,500 | |
| 1,786,505 | (6,137) | 1,780,368 | ||
| TOTAL FUNDS | 4,224,625 | (18,869) | 4,205,756 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 902,353 | (915,085) | (12,732) | ||
| Restricted funds | |||||
| ERDF | (17,530) | (17,530) | |||
| SEIFSports | (19,522) | (19,522) | |||
| Sports England —Dovecot MAC |
(357) | (357) | |||
| Big Lottery - Dovecot | MAC | (6,228) | (6,228) | ||
| Liverpool City Council |
53,011 | (53,011) | |||
| Cobalt Housing | 3,562 | (3,562) | |||
| Setion Council for Voluntary | Service | 42,043 | (42,043) | ||
| BigLottery - Reaching | Communities | 75,317 | (75,317) | ||
| Veolia Environmental | Trust | 50,400 | (50,400) | ||
| Include - ITMersey | 35,837 | (35,837) | |||
| BigLottery - Awards for All | 9,983 | (9,983) | |||
| Steve Morgan Older Persons | Hub | 14,949 | (14,949) | ||
| HAF Funding | 30,852 | (30,852) | |||
| Youth Hub | 33,231 | (33,231) | |||
| Big Issue Investment | 13,500 | (13,500) | |||
| Innovation in Communities |
7,494 | (7,494) | |||
| The Clothworkers Foundation |
50,000 | (12,500) | 37,500 | ||
| 420,179 | (426,316) | (6,137) | |||
| TOTAL FUNDS | 1,322,532 | (1,341,401 ) | (18,869) | ||
| Comparatives for movement |
in funds | ||||
| 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 |
| Comparative net movement |
Comparative net movement |
in funds, | included | in the above are as follows: | ||
|---|---|---|---|---|---|---|
| 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 | (357) | (357) | ||||
| BigLottery - Dovecot | MAC | (6,228) | (6,228) | |||
| Liverpool City Council | 86,070 | (86,070) | ||||
| Liverpool Community |
College - Enterprise | |||||
| Hub | 4,811 | (4,811) | ||||
| BigLottery —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 —Croxteth |
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 |
| for the Year End | ed 31A | u st 2022 |
||
|---|---|---|---|---|
| 31.8.22 | 31.8.21 | |||
| INCOME AND | ENDOWMENTS | |||
| Charitable activities |
||||
| Training income | 271,086 | 262,985 | ||
| Library management | 165,000 | 165,000 | ||
| Room hire | 21,428 | 6,407 | ||
| Room rental | 154,934 | 181,617 | ||
| Grants | 481,416 | 1,493,690 | ||
| Sports Centre income | 165,413 | 107,234 | ||
| Sports Centre recharges | 41,632 | |||
| 1,300,909 | 2,216,933 | |||
| Other income | ||||
| Other income | 21,623 | |||
| Total incoming | resources | 1,322,532 | 2,216,933 | |
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 560,257 | 506,713 | ||
| Social security | 36,683 | 48,234 | ||
| Pensions | 6,765 | 4,910 | ||
| Cost ofrunning | projects | 144,893 | 645,729 | |
| 748,598 | 1,205,586 | |||
| Support costs | ||||
| General | ||||
| Premises costs | 287,842 | 210,117 | ||
| Repairs and renewals | 115,307 | 58,874 | ||
| Travel expenses | 2,407 | 3,589 | ||
| Postage and stationery | 7,209 | 836 | ||
| Sundries | 2,017 | 609 | ||
| Legal and professional | fees | 75,355 | 29,714 | |
| Freehold property | 12,253 | 12,253 | ||
| Long leasehold | 11,288 | 11,288 | ||
| Improvements | to property | 33,637 | 33,637 | |
| Plant and machinery | 16,315 | 3,096 | ||
| Computer equipment |
12,417 | 12,417 | ||
| 576,047 | 376,430 | |||
| Finance | ||||
| Bank charges | 698 | 675 | ||
| Loan interest | 4,958 | 10,658 | ||
| 5,656 | 11,333 |