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REGISTERED COMPANY NUMBER: 06608600 (England and Wales)
REGISTERED CHARITY NUMBER: 1128464













Report of the Trustees and

Financial Statements

for the Year Ended 31 August 2023

for

Lincoln City Foundation

Lincoln City Foundation






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Report of the Trustees 1 to 14

Report of the Independent Auditors 15 to 18

Statement of Financial Activities 19

Statement of Financial Position 20

Statement of Cash Flows 21

Notes to the Statement of Cash Flows 22

Notes to the Financial Statements 23 to 40

Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023


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 2023. 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).

The charity has had an exceptionally busy year, and we recorded record levels of income via a number of different programmes, some of which were completely new within the year. We continue to develop our work in alignment with our core strategic priorities, as outlined in our five-year strategy:

- Education & Employability
- Sport & Physical Activity
- Healthier Communities, combining physical health and mental wellbeing
- Inclusion and Community Cohesion

In the year ending 31 August 2023, we increased our overall employee headcount on the previous year with the addition of some new roles. Our Director of Operations remained on an 18-month secondment opportunity to an external organisation that started in May 2022 and was replaced with an interim Director of Performance and Delivery commencing from March 2022. This role was ended in March 2023. In August of 2022 we recruited our permanent Director of Operations, who is now responsible for line management of the Delivery Heads.

During the year we had 35 volunteers, 10 secondary school pupils on work experience and 48 post 16 placements who supported us in a range of activities including assistant coaching, assistant teaching, event assistants, event organisers and business support assistance.

We were pleased to welcome new streams of funding including the Youth Sports Justice funding, the Winter Pressures funding and excitingly, grant funding from the Youth Investment Fund. We are utilising the latter to further develop our Youth Work provision, in readiness for the development of a new capital build in the form of a Community and Skills Hub at the LNER Stadium. This is planned to be ready by Summer 2024.

Our Trustees continue to support the charity with their own particular specialisms, and we look forward to future growth albeit in increasingly challenging national circumstances amid the current cost of living crisis and global conflict.


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023

OBJECTIVES AND ACTIVITIES
Objectives and aims
Our mission is to work with Lincoln City Football Club and our key partners to inspire, empower and help individuals and communities to improve their physical, social and mental wellbeing.

Our objectives for our four strategic priorities noted above are:

- To provide positive learning environments to inspire people and develop skills for life.

- To use the power of sport and football to inspire people of all ages to become more active and to increase levels of physical activity and participation in sport across all the communities with which we engage.

- To promote a better understanding of physical and mental health issues and to support and tackle health inequality.

- To use the power of our brand and reputation to lead, support, and respond to the needs of our communities, especially those in the most deprived areas, inspiring and changing lives.

A Closer Look - Education & Employability
Our goals are to:

1. Be a lead organisation across primary and secondary education providing programmes and opportunities which build knowledge, develop skills, build aspiration, and help to close the attainment gap for the most disadvantaged.

2. Continue to build our post 16 programme, providing positive learning environments which improve attitudes to learning and support progression into further education and employment.

3. Increase awareness of enterprise and entrepreneurship amongst children and young people by using the backdrop of Lincoln City Football Club's business enterprise models.

4. Engage with local employers to provide expertise, work-based learning, mentoring, and employment opportunities for young people.

A Closer Look - Sport & Physical Activity
Our goals are to:

1. Address inequalities of participation in sport and physical activity by providing access to community activity for more females, ethnic groups, people with a disability and people from our most disadvantaged communities.

2. Become a lead partner in the delivery of sporting activities and create influential partnerships and networks at local, regional, and national level.

3. Deliver opportunities that represent the interests of Lincoln City Foundation and Lincoln City Football Club through our community programmes, competitions, and events.

4. Champion and raise awareness of the importance of healthy and active lifestyles amongst Lincoln City Football Club supporters and potential new young fans.


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023



A Closer Look - Health & Mental Wellbeing
Our goals are to:

1. Increase opportunities for people who have been diagnosed with physical and mental health related illnesses to engage in activity and sport.

2. Tackle the growing trend of inactivity by providing opportunities for people to establish positive habits and to reduce their risk of physical and mental health related illnesses.

3. Continue to develop vibrant environments, which encourage a healthy work and life balance.

4. Foster resilience by building supportive community networks that influence positive health and mental wellbeing changes through social interaction.

A Closer Look - Inclusion & Community Cohesion
Our goals are to:

1. Provide access to a breadth of safe and innovative delivery programmes which are creative and impactful.

2. Be a 'go-to' delivery partner which collaborates effectively with key local, regional, and national organisations.

3. Develop, support, and upskill a sustainable volunteer workforce, which ensures that community programmes are safe, sustainable, and place based.

4. Recognise the importance of inclusion and diversity, and to celebrate and reward individual and community achievements.

Public benefit
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'. The Foundation's public benefit is enshrined in its charitable objects and the programmes of work we undertake.


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023

STRATEGIC REPORT
Achievement and performance
Charitable activities
Context
We operated a myriad of programmes across all strategic areas, with funding coming from multiple sources, in addition to fund-raising activities. We finally managed to launch our flagship event, the Lincoln City Half Marathon, which successfully ran in September 2022. The NCS programme continued with the adaptations made in Summer 2022 giving way to increased face-to-face interactions. We still operate a BTEC and degree education programme for boys and girls as a post 16 education pathway and we welcomed over 500 boys and girls onto our football development sessions.

Our Premier League Kicks programme grew massively with free-to-access football in multiple locations, with up to 100 children present some evenings. Our holiday cubs (including HAF) have now stretched into triple figures daily and our after school club welcomes some of the most vulnerable children in our area to a safe space for physical and emotional development. Our DS Active (Down Syndrome) programme continues to flourish, as does our community outreach through the Place Based Social Action contract. We held outdoor cinema events, coronation parties and Sincil Bank by the Sea events for local people.

Lincoln City Football Club (LCFC) maintained their position in League 1 of the English Football League (EFL) again, which meant that we will be eligible for core funding for at least the next two years. In conjunction with this core funding, opportunities to access programme funding will enable existing programmes to continue and allow us to work together on new opportunities. Finally, the Premier League (PL), through the Premier League Charitable Fund (PLCF) continues to fund activities, ensuring that both the Premier League Kicks and Premier League Primary Stars programmes have continued throughout the year and into the 2023-24 year.

In conclusion, the Foundation has gone through a challenging and uncertain year. The adversity we have overcome in such a positive way has taught the team that we are a caring and resilient organisation. This forms part of our working ethos as we focus on our continued delivery and strive for sustainable growth in supporting our communities, our staff and continuing to improve people's physical, social and mental wellbeing.

This Year in our Education & Employability Department
Through all the education and employability programmes we are making a difference not only to individual lives but also the community in and around the LNER stadium, the city of Lincoln and the county of Lincolnshire as a whole. In the past year we have engaged with local employers to provide expertise, work-based learning, mentoring, and employment opportunities for young people ensuring that local need, whatever the challenge, is at the heart of what we do.

We have used our judgement to source diverse income generation for growth, resilience, and sustainability which has included the Million Hours fund, NCS (version 2) and Multiply. By visiting and communicating with many other key partners this year, we have developed positive partnerships. We have attended EFL Trust meetings relating to education and employability and the new NCS planning. We have communicated with many other CCOs through visits to Port Vale, Doncaster, and Norwich, learning key strategies from each.


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023

Education - BTEC
Our Year 13 students achieved some excellent overall grades including the exam units. Many students have moved on to further education degree programmes at universities including seven joining us on our degree programme in partnership with the University of South Wales and one taking an apprenticeship with the Foundation. Those that didn't go to university have opted for other education courses at Future Elite Sports, taken employment or having a gap year with dedicated support from our own Education team. Our new year 12 students have settled in well and through the standards we have set are showing to be on track to achieve some excellent results at the end of the course.

Education - Degree
Four second year students qualified from their foundation degree (1 x 2i, 2 x 2ii, 1x 3rd) which is excellent progress. All degree students completed their work placement hours and exceeded the recommended total hours. It is pleasing to note that six out of seven students are employed by the Foundation which shows the value of this pathway into employment.

Employability
In this last year we have increased employability engagement programmes as follows:

- Twinning project now being delivered in two prisons (the only CCO to deliver in two prisons)
- New sports apprenticeships (starting September 23)
- Work experience placements and volunteering continue to grow, and many have completed their bronze, silver and gold volunteer awards recognised on social media and with certificates.
- Multiply has been successfully delivered in HMP Lincoln and to other adults we engage with.
- Youth Sports Justice delivery at the Priory was very successful for the students and building the relationship with the Priory Academy
- Street Imps - funding through the Million Hours fund enabled our Premier League Kicks programme to run throughout the summer holidays and help to engage with young people in the Sincil Bank and Birchwood areas of Lincoln.
- SEND Imps - funding through the Million Hours fund enabled us to start a SEND sports session through the summer break. Due to the success of this, we are looking to seek further funding to continue these activities.
- The NCS autumn wave and change makers (2022) were very successful and we received excellent feedback from our partner Ingeus about the programme and the staff involved.

This Year in our Healthier Communities Department
Fighting Fit
Our Fighting Fit cancer rehabilitation programme has successfully expanded across different locations in Lincolnshire, providing increased accessibility to physical activity support for those living with cancer in the county. In addition to delivery in Lincoln and Mablethorpe, Fighting Fit sessions now take place in Gainsborough, Grantham, and Boston, with plans to add sites in Bourne and Market Rasen longer term. This has created our first county-wide programme at Lincoln City Foundation and is opening new partnership opportunities and conversations in other localities. The impact of Fighting Fit is also becoming increasingly apparent, with the personal testimonies from participants highlighting how integral the programme is to their quality of life.

Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023


Extra Time Hub
This year we have developed several new 'spokes' to our Extra Time Hub programme, providing more opportunities for older adults to have improved social connectivity and engage in physical activity. This has included starting a new session in the village of Skellingthorpe, providing residents in this community with access to a weekly multi-sport session, and delivering a summer project with Lincolnshire FA bringing Walking Football to individuals living with dementia. The popularity of our Curling group has additionally led to a further weekly session being added to our activity timetable, whilst the growth of our Women's Walking Football session saw a team represent the Foundation in the inaugural Lincolnshire Women's Walking Football League.

English Language Support Sustained
Our provision of English language support to non-native speakers now consists of a comprehensive weekly programme of informal Conversation Club classes, alongside structured ESOL (English for Speakers of Other Languages) courses. This year we have been able to sustain our language provision by becoming part of Lincolnshire County Council's Adult Education programme, which has included diversifying the scope of our delivery by embedding principles of numeracy into our language support. The personal progression of our learners has also been evident this year, and since engaging with the Foundation, many have progressed onto employment or have developed their confidence to engage in local community volunteering.

Sincil Bank Community Events
We have continued to support residents and local groups to plan and deliver several community events in the Sincil Bank area of Lincoln. This has enabled the community to come together and has also enhanced the skill sets of local volunteers. Events have included a street party to celebrate the King's Coronation, an outdoor cinema screening, and a family focused 'Sincil Bank by the Sea' event bringing the beach to Sincil Bank. All these events have engaged with hundreds of local people.

This Year in our Sports and Physical Activities Department
Overall, this was a good year of progression for the department, with an increase in total engagements and the overall number of unique individuals we engaged with. We faced significant challenges in losing key staff members at significant times, issues with recruitment of full-time and sessional staff and adding multiple new projects. What was most pleasing was to receive a considerable amount more positive feedback, in comparison to previous years, from parents/guardians and teachers as well as recognition from outside organisations such as Ofsted, the EFL and the Premier League.

3G (Artificial Pitch) Usage
We increased occupancy compared to previous years with the majority being community usage. And positive feedback being received from customers. Lincoln City Women made their return to the LNER Stadium, training on the 3G and playing fixtures (U23s).

Out of School Programmes
Our Premier League Kicks programme had greater impact than ever across more distinct locations with more unique individuals than any year previous. Multiple new programmes including HAF at Manor Leas School, Teen HAF and IMPowered were launched. Pleasingly, we achieved 'met' Ofsted expectations for our After-School Club and Holiday Club provisions.

Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023


Football Development
We have seen an increase in unique individuals across both the boys' and girls' pathways. There has been development of opportunities for children across distinct locations and from different backgrounds, e.g., SQUAD Girls and numerous players moved up the pathway, across the Foundation's tiers and some into the Academy/Shadow Scholars (the professional route into Lincoln City Football Club).

Schools
This year we worked with 15 partner schools in the community with two partner schools representing Lincoln City FC in regional tournaments. We have raised delivery standards for Premier League Primary Stars as well as exceeding the target for a specific intervention by 120%. We have received positive feedback from schools praising the consistency and quality of staff and provision.

Matchday
We have tripled the Foundation's matchday presence from previous years directly aiding Lincoln City Football Club in securing Gold in the Family Excellence Award and the Club's shortlisting for the EFL Fan Engagement Award. We have evidenced good collaboration working with the Club, with increased capacity for future opportunities which bring in additional charitable income.

Financial review
Financial position
Our total income grew by 9% from £1,185,818 to £1,290,663. In contrast, our costs grew by 20% from £1,137,815 to £1,367,607, resulting in an overall loss of £77,259 compared to a surplus of £48,008 in 2021/22.

The loss on unrestricted funds of £85,909 (2022 £73,171 surplus) decreased our unrestricted reserves to £232,144 of which £175,206 was represented by cash. As noted below, once we have set aside an adequate provision for working capital and risks, we should still have £52k available to fund the programme of changes and new initiatives we want to commence in 2023/24. Some of these are outlined later under Future Plans.


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023


STRATEGIC REPORT
Financial review
Reserves policy
Structure and Definitions
The Foundation's financial reserves are classified between unrestricted and restricted funds. This policy relates primarily to unrestricted funds.

Unrestricted Funds
Unrestricted funds represent working capital and include:
- Tangible fixed assets
- Bank and cash balances
- Debtors
- Creditors

Restricted Funds
Restricted funds are monies provided for specific purposes. The Foundation's restricted funds include restricted grants and donations where the provider has restricted use for specific purposes or activities. Movements in each fund are shown in Note 20 of the accounts.

Target Reserve Levels for Unrestricted Funds
The Foundation's policy is that our unrestricted funds are adequate to cover planned and unforeseen variations in our operational income and expenditure over the next budget cycle. This will be reviewed each year.

The Foundation's general fund comprises unrestricted working capital plus provisions to cover the risks in its sources of unrestricted income for a period of 2 months and a provision of £100k to cover any essential unbudgeted expenditure.

In order to respond to new opportunities and finance new initiatives, the Foundation aims to hold at least £10k and preferably at least £50k in a development fund. This will be used to finance specific programmes of activity over the next three years.

If specific funds are below their target range their objective will be to reach their minimum level, as soon as is practicable, subject to competing interests.

In total, this creates a target unrestricted reserves range of £250. This is shown in the table below:


Requirements
Target
range
Actual at
31.8.23
£k£k
Working capital130130
Risks in income 2022/232525
Provision for unplanned expenditure2525
General fund180180

Development fund10-5052
Total190-230232


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023


STRATEGIC REPORT
Financial review
At 31 August 2023 the level of unrestricted reserves was £232k (2022 £318k). This is above our target range of £190k-230k, shown in the table above. This indicates we have been able to build a Development Fund of £52k which will be used to fund our future plans and focus detailed below.


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023


STRATEGIC REPORT
Future plans
Future Focus - Education & Employability
We aim to increase the number of BTEC students, with a target of 40, for the 2024/25 academic year, by holding regular drop in sessions with signed up students, attending all careers and 6th form evenings at local schools and increasing the social media activity for the delivery of the BTEC programme throughout the year.

We will continue to raise the quality of the BTEC and Degree programmes by holding regular staff meetings to standardise the delivery and holding regular parent and student meetings and e-mailing BTEC parents weekly to keep them informed of events and deadlines. We will continue to work closely with our partner schools at the Priory to share good practice and resources.

We will continue to develop the youth provision, under our new Youth Manager, including NCS, SEND IMPS, Rockery Lodge, and Imp Powered as well as seeking funding to support the delivery of new programmes.

Future Focus - Sport & Physical Activity
We aim to increase the number of holiday clubs at distinct locations and raise the Premier League Kicks rating to 'Good'. We will maximise the number of attendees at our holiday club and after-school club sessions by continuing to offer a high quality provision.

Via our football development programmes we will grow the numbers of players across both the boys' and girls' pathways across new distinct locations. We aim to develop the girls' pathway through launching a girls' development centre and collaborate with Lincoln City Football Club to enhance the boys' pathway. We also aim to launch a minimum of two new disability football programmes.

We aim to retain the Family Excellence Gold Award and utilise the unique opportunity it affords to grow awareness of the Foundation's programmes. We will further support the Football Club with opportunities which maximise income.

Future Focus - Health & Mental Wellbeing
Expanding work with Long Term Health Conditions - building on the success of our Fighting Fit physical activity programme for people living with cancer, we are seeking to develop further physical activity support models to include additional long-term health conditions. We have already gained funding from Parkinson's UK to commence physical activity sessions for those living with Parkinson's, and we will use this opportunity to build our evidence base and reputation of working within this specialist field.

East Coast Development - the Healthier Communities department has continued to work in the East Coast region this year, with particular focus on Mablethorpe, and now has an improved understanding of the challenges and opportunities in this coastal town. Fighting Fit has developed significantly in Mablethorpe across the last year, and the Foundation has additionally recruited local volunteer support for the session. There is considerable potential for the Foundation to impact more residents and help address community need by developing further programmes in this area.


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023


STRATEGIC REPORT
Funding and Fundraising - The Healthier Communities department remains heavily reliant on grant funding, which can be short term and not conducive to programme sustainability. The need to diversify our income streams thus remains a focus for the year ahead. Across the last year our profile as a charity has increased, and we have received financial support from fundraising streams such as individual giving and commercial partnership. This needs to be actively pursued across the next year. We have also recently undertaken a mapping task to understanding our connections and collaboration with the health sector in Lincolnshire, identifying where our relationships are strong and where further connections are needed. This forms part of our mission across the next year to gain more commissioned work and contracts from within the health sector.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Lincoln City Foundation is a company limited by guarantee governed by its Articles of Association dated 2 June 2008, as last amended 23 July 2019. It is a registered charity with the Charity Commission.

Recruitment and appointment of new trustees
The Board of Trustees utilise a skills matrix to identify the talents and expertise required to govern the Foundation's current and future activities. An "attraction and recruitment strategy" is then suitably deployed where gaps are identified (or expected). Short-listed applicants are usually interviewed in a two-step process involving an external consultant followed by an interview with one or more Trustees, including our Chair and CEO.

Appointed trustees are issued with required legal documents in addition to useful reading and materials to prepare them for a successful start. Upon starting in the role officially, an induction is arranged, and a full tour of facilities undertaken with our CEO. Trustees are also encouraged to meet with as many staff as possible and to spend time with the Chair.

Our Articles of Association currently stipulate that we should have no more than 12 trustees. There shall be a maximum of two directors from Lincoln City Football Club. Trustees must retire at their fourth AGM following the commencement of their term in office and shall be eligible for re-election provided they have served less than 8 consecutive years.


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
Our Board of Trustees meets quarterly. Throughout 2022/23 we have operated these additional working groups:

- Finance and Risk

- Board Development

- Social and Ethics Committee (joint with Football Club)

- Green Team for environmental sustainability (joint with Football Club)

Our CEO, Martin Hickerton, commenced employment with us on 14 June 2021 and continues in this role. Martin has previous experience at the University of Lincoln (education), Ingeus (employability) and Reed in Partnership (health and well-being) and so is able to oversee the growth of all of these areas. Our CEO has delegated authority to manage the day-to-day operations of the Foundation and is assisted by the Senior Leadership Team (SLT) which comprises of the Director of Finance and Governance (Vicki Chapman), and the Director of Operations (Alex Bavin).

Related parties and co-operation with other organisations
None of our Trustees receive remuneration or benefit from their work with the charity but are able to claim approved expenses such as travel. Any connection between a Trustee and any area of work we deliver must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party. In the current year any such related party transactions are reported within note 21.

Risk management
The Trustees have a duty to identify and review the risks to which the Foundation is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Any major risk to which the charity is exposed, as identified by the Trustees, has been reviewed and systems have been established to mitigate these risks. Risk will be examined regularly in the future via the Finance and Risk Working Group which comprises the CEO, Director of Finance and Governance and two Trustees. During the year 2022/3 we developed a comprehensive risk matrix, which convened around severity and likelihood of risk. The resulting risk profile created the actions that have since been executed to reduce the chance of risks coming to fruition.

Trustees' remuneration
All Directors who make up the Board of Trustees give their time freely and no Director received any remuneration in the year.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06608600 (England and Wales)

Registered Charity number
1128464


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023

Registered office
LNER Stadium
Sincil Bank
LINCOLN
Lincolnshire
LN5 8LD

Trustees
Mr Simon Walters
Ms Pauline Tait
Mr Julian Purvis (resigned 13.1.23)
Mr Clive Nates
Mr Liam Scully
Mr Andrew Brown (resigned 19.7.23)
Ms Caroline Killeavy (resigned 27.9.22)
Ms Samantha Turner
Dr Sunil Hindocha
Mr Pat Doody
Ms Nicola Mayo (appointed 21.10.22)
Mr Neal Juster (appointed 21.10.22)
Dr Hanya Pielichaty (appointed 21.10.22)
Mr Clint Walker (appointed 16.1.23)

Other than where stated above all of the above trustees (who are also the directors of the charity for the purposes of company law) held office during the whole of the period from 1 September 2022 to the date of this report.

Key management personnel
Chief Executive Officer - Martin Hickerton
Director of Finance & Governance - Vicki Chapman
Director of Business Operations - Charlotte Hornsby (on 18 month secondment from 01.05.2022)
Director of Quality & Development - Alexandra Bavin

Company Secretary
Mr Richard John Parnell

Auditors
Nicholsons Audit (Statutory Auditor)
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Bankers
NatWest
255 High Street
LINCOLN
LN2 1AZ


Lincoln City Foundation (Registered number: 06608600)

Report of the Trustees
for the Year Ended 31 August 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Lincoln City Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware;
and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS
The auditors, Nicholsons Audit (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 17 January 2024 and signed on the board's behalf by:





Dr Sunil Hindocha - Trustee

Report of the Independent Auditors to the Members of
Lincoln City Foundation

Opinion
We have audited the financial statements of Lincoln City Foundation (the 'charitable company') for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 August 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Members of
Lincoln City Foundation


Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Lincoln City Foundation


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charitable company and determined that the most significant are those that relate to the reporting framework (Charities SORP 2019 (FRS 102)), the Companies Act 2006, the Charities Act 2022 and the tax compliance as relevant to charities.

We understood how the charitable company is complying with those frameworks by making enquiries of management and those charged with governance, and we corroborated our enquiries by reviewing board minutes and reviewing third party correspondence, including correspondence with HMRC, Companies House and the Charity Commission.

We assessed the susceptibility of the financial statements to material misstatement, including how fraud might occur by meeting with management to understand where they considered there was susceptibility to fraud. We considered the controls the charitable company has established to address risks identified, or that otherwise prevent, deter and detect fraud and also reviewed how these had operated in the year,

Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk along with procedures to identify non-compliance with such laws and regulations identified in the paragraphs above along with areas where management override of controls may be relevant. These procedures included assessing the appropriateness of presentation of separately disclosed items with a focus on manual journals and journals indicating large or unusual transactions based on our understanding of the charitable company. The risks around the designation and use of funds between restricted and unrestricted was also considered. These procedures were designed to provide reasonable assurance that the financial statements were free from material fraud or error.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The audit was planned to ensure that the more complex areas were performed by more experienced members of the audit team and there were no areas of the audit which were considered to require external experts to be appointed by the audit team.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


Report of the Independent Auditors to the Members of
Lincoln City Foundation

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Joanne Brown (Senior Statutory Auditor)
for and on behalf of Nicholsons Audit (Statutory Auditor)
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

18 January 2024

Lincoln City Foundation

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 August 2023

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 30,381 21 30,402 10,011

Charitable activities 5
Total activities 461,257 634,501 1,095,758 1,036,248

Other trading activities 3 163,755 - 163,755 139,559
Investment income 4 748 - 748 -
Total 656,141 634,522 1,290,663 1,185,818

EXPENDITURE ON
Raising funds 6 10,315 - 10,315 8,523

Charitable activities 7
Total activities 706,735 650,872 1,357,607 1,129,292
Total 717,050 650,872 1,367,922 1,137,815

NET INCOME/(EXPENDITURE) (60,909 ) (16,350 ) (77,259 ) 48,003
Transfers between funds 20 (25,000 ) 25,000 - -
Net movement in funds (85,909 ) 8,650 (77,259 ) 48,003

RECONCILIATION OF FUNDS
Total funds brought forward 318,053 151,417 469,470 421,467

TOTAL FUNDS CARRIED FORWARD 232,144 160,067 392,211 469,470

Lincoln City Foundation (Registered number: 06608600)

Statement of Financial Position
31 August 2023

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 15 2,217 - 2,217 4,624
Investments 16 100 - 100 -
2,317 - 2,317 4,624

CURRENT ASSETS
Debtors 17 99,581 50,431 150,012 210,785
Cash at bank and in hand 175,206 131,792 306,998 402,334
274,787 182,223 457,010 613,119

CREDITORS
Amounts falling due within one year 18 (44,961 ) (22,155 ) (67,116 ) (148,273 )

NET CURRENT ASSETS 229,826 160,068 389,894 464,846

TOTAL ASSETS LESS CURRENT
LIABILITIES

232,143

160,068

392,211

469,470

NET ASSETS 232,143 160,068 392,211 469,470
FUNDS 20
Unrestricted funds 232,143 318,053
Restricted funds 160,068 151,417
TOTAL FUNDS 392,211 469,470


The financial statements were approved by the Board of Trustees and authorised for issue on 17 January 2024 and were signed on its behalf by:





Dr Sunil Hindocha - Trustee

Lincoln City Foundation

Statement of Cash Flows
for the Year Ended 31 August 2023

2023 2022
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (118,139 ) 81,472
Net cash (used in)/provided by operating
activities

(118,139

)

81,472

Cash flows from investing activities
Purchase of fixed asset investments (100 ) -
Interest received 748 -
Net cash provided by investing activities 648 -

Change in cash and cash
equivalents in the reporting
period


(117,491


)


81,472
Cash and cash equivalents at the
beginning of the reporting period

2

402,334

320,862
Cash and cash equivalents at the
end of the reporting period

2

284,843

402,334

Lincoln City Foundation

Notes to the Statement of Cash Flows
for the Year Ended 31 August 2023

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2023 2022
£    £   
Net (expenditure)/income for the reporting period (as per
the Statement of Financial Activities)

(77,259

)

48,003
Adjustments for:
Depreciation charges 2,408 2,744
Interest received (748 ) -
Decrease in debtors 60,772 35,180
Decrease in creditors (103,312 ) (4,455 )
Net cash (used in)/provided by operations (118,139 ) 81,472

2. ANALYSIS OF CASH AND CASH EQUIVALENTS
2023 2022
£    £   
Cash in hand - 100
Notice deposits (less than 3 months) 306,998 402,234
Overdrafts included in bank loans and overdrafts falling due
within one year

(22,155

)

-
Total cash and cash equivalents 284,843 402,334



3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.22 Cash flow At 31.8.23
£    £    £   
Net cash
Cash at bank and in hand 402,334 (95,336 ) 306,998
Bank overdrafts - (22,155 ) (22,155 )
402,334 (117,491 ) 284,843
Total 402,334 (117,491 ) 284,843

Lincoln City Foundation

Notes to the Financial Statements
for the Year Ended 31 August 2023

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, with the exception of investments which are included at market value.

The accounts have been prepared on the going concern basis, there are no material uncertainties which cast any doubt upon the ability to do this.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated by the directors and are based on historical experience and other relevant factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Income from grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Where income is received in advance of meeting any performance related conditions there is not unconditional entitlement to the income and its recognition is deferred and included in creditors as deferred income until the performance-related conditions are met. Where entitlement occurs before income is received, the income is accrued.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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 - 33% on cost and 20% on cost

Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

1. ACCOUNTING POLICIES - continued

Tangible fixed assets
Fixtures and fittings - 33% on cost and 20% on cost
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.

Donated goods and services
Donated goods and services are recognised as income when the charity has control over
the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with Charities SORP (FRS 102), the general volunteer time is not recognised. Please refer to the Trustees' Annual Report for more information about their contribution.

Value added tax
The charity is not registered for VAT and is unable to reclaim the VAT which it suffers on its purchases. Expenditure in these financial statements is therefore shown inclusive of value added tax paid.

Financial Instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
Cash at bank is classified as a basic financial instrument and is measured at transaction price.
Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 30,402 10,011

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Education 77,370 74,113
Holiday courses 86,385 65,446
163,755 139,559

4. INVESTMENT INCOME
2023 2022
£    £   
Interest receivable - trading 748 -

5. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £    £   
General income Total activities 304,857 457,986
Grant income Total activities 634,001 370,762
Sponsorship Total activities 910 800
BTEC Total activities 155,990 206,700
1,095,758 1,036,248

Deferred incoming resources 31/8/23 31/8/22
£ £
Deferred income brought forward and released during the year 21,539 97,880
Income received during the period 1,278,161 1,109,477
Deferred income carried forward (9,036 ) (21,539 )
Income recognised in year to 31 August 1,290,664 1,185,818


Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. RAISING FUNDS

Other trading activities
2023 2022
£    £   
Staff costs 9,268 7,747
Facility hire 1,047 776
10,315 8,523

7. CHARITABLE ACTIVITIES COSTS
Grant
funding of
Direct activities Support
Costs (see (see note costs (see
note 8) 9) note 10) Totals
£    £    £    £   
Total activities 1,111,148 127,000 119,459 1,357,607

8. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
£    £   
Staff costs 824,847 689,537
Sundries 37,524 44,107
Transport and travel 14,943 20,609
Repairs, renewals and equipment 47,054 46,291
Equipment hire 2,183 3,592
Postage and stationery 6,134 10,393
Telephone 13,214 15,100
Advertising 2,318 4,592
Staff training and coaching 10,711 20,058
Facility hire 92,623 69,095
Resources 3,452 5,979
Coaches and physio 43,002 41,710
Trips and outings 12,393 16,259
Consultancy 750 28,965
Bad debts - 9,570
1,111,148 1,025,857


Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. GRANTS PAYABLE
2023 2022
£    £   
Total activities 127,000 -

10. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Total activities 109,489 9,970 119,459

The management support costs represent the cost of running the office and are wholly allocated to charitable activities.

Support costs, included in the above, are as follows:
2023 2022
Total Total
activities activities
£    £   
Wages 92,679 77,476
Facility hire 10,474 7,764
Insurance 3,928 3,250
Depreciation of tangible assets 2,408 2,744
Auditors' remuneration 6,600 6,600
Auditors' remuneration for non audit
work

3,054

4,370

Professional fees 316 1,231
119,459 103,435

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Auditors' remuneration 6,600 6,600
Auditors' remuneration for non audit work 3,054 4,370
Depreciation - owned assets 2,407 2,744


Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.

13. STAFF COSTS

2023 2022
£ £
Salaries and wages 857,935 710,635
Social security 55,782 53,166
Pensions 13,078 10,959
926,795 774,760


During the year key management personnel received remuneration amounting to £157,775
(2022 123,667).
2023 2022
Employees with emoluments £60,000 - £70,000 1 1

The average monthly number of employees during the year was as follows:

2023 2022
Permanent employees 43 41


14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 6,994 3,017 10,011

Charitable activities
Total activities 681,101 355,147 1,036,248

Other trading activities 139,559 - 139,559
Total 827,654 358,164 1,185,818

EXPENDITURE ON
Raising funds 6,879 1,644 8,523


Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£    £    £   
Charitable activities
Total activities 716,370 412,922 1,129,292
Total 723,249 414,566 1,137,815

NET INCOME/(EXPENDITURE) 104,405 (56,402 ) 48,003
Transfers between funds (31,234 ) 31,234 -
Net movement in funds 73,171 (25,168 ) 48,003

RECONCILIATION OF FUNDS
Total funds brought forward 244,882 176,585 421,467

TOTAL FUNDS CARRIED
FORWARD

318,053

151,417

469,470

15. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 5,218 13,077 5,153 23,448
Disposals - (5,620 ) (5,153 ) (10,773 )
At 31 August 2023 5,218 7,457 - 12,675
DEPRECIATION
At 1 September 2022 3,825 9,846 5,153 18,824
Charge for year 916 1,491 - 2,407
Eliminated on disposal - (5,620 ) (5,153 ) (10,773 )
At 31 August 2023 4,741 5,717 - 10,458
NET BOOK VALUE
At 31 August 2023 477 1,740 - 2,217
At 31 August 2022 1,393 3,231 - 4,624


Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

16. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
MARKET VALUE
Additions 100
NET BOOK VALUE
At 31 August 2023 100
At 31 August 2022 -

There were no investment assets outside the UK.

17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 127,046 201,596
Prepayments and accrued income 22,966 9,189
150,012 210,785

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 19) 22,155 -
Trade creditors 17,097 52,149
Social security and other taxes 2,165 16,490
Accruals 16,663 58,095
Deferred income 9,036 21,539
67,116 148,273

The overall Charity bank position is in credit. The overdrawn amount disclosed relates to two overdrawn restricted funds at the year end being Holiday Activities and Food (HAF) Holiday Clubs and the Youth Investment Fund.


Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

19. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year on demand:
Bank overdrafts 22,155 -

20. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.9.22 in funds funds 31.8.23
£    £    £    £   
Unrestricted funds
General fund 318,053 (60,910 ) (25,000 ) 232,143

Restricted funds
PBSA 37,400 (9,161 ) - 28,239
Fighting Fit 42,915 (30,277 ) - 12,638
Football Development 8,600 (8,600 ) - -
Holiday Club 1,200 (1,200 ) - -
Multiply - 894 - 894
LCFC Sinking Fund 25,000 - 25,000 50,000
Emerging Talent Centre (ETC) - 25,226 - 25,226
Holiday Activities and Food (HAF)
Holiday Clubs

-

3,276

-

3,276
Cargill 10,078 (10,078 ) - -
English in the Community 26,224 (26,224 ) - -
North Kesteven District Council
(NKDC) - Health, Wellbeing &
Resilience Fund


-


1,556


-


1,556
FA Project B1 - 750 - 750
Community Events - 9,340 - 9,340
National Grid - Community Matters - 5,435 - 5,435
Lincolnshire County Council (LCC)
- ESOL Adult Education

-

946

-

946
Parkinsons UK - 3,000 - 3,000
Sport England - Youth Fighting Fit - 7,714 - 7,714
Million Hours - 1,054 - 1,054
City of Lincoln Council - Household
Support Fund

-

10,000

-

10,000
151,417 (16,349 ) 25,000 160,068
TOTAL FUNDS 469,470 (77,259 ) - 392,211

Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

20. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 656,141 (717,051 ) (60,910 )

Restricted funds
PBSA 56,778 (65,939 ) (9,161 )
Fighting Fit - (30,277 ) (30,277 )
Football Development - (8,600 ) (8,600 )
Holiday Club - (1,200 ) (1,200 )
Premier League Primary Stars 35,000 (35,000 ) -
Multiply 80,607 (79,713 ) 894
Premier League Core Funding 14,500 (14,500 ) -
Wildcats 3,800 (3,800 ) -
Emerging Talent Centre (ETC) 50,000 (24,774 ) 25,226
National Grid - Warm Hub 8,000 (8,000 ) -
East Midlands Railway 1,000 (1,000 ) -
Lincolnshire County Council - Shine 16,136 (16,136 ) -
NHS Winter Pressures 9,928 (9,928 ) -
Evan Cornish Grassroots fund 2,448 (2,448 ) -
Holiday Activities and Food (HAF)
Holiday Clubs

47,247

(43,971

)

3,276
Community Renewal Fund (CRF) 5,474 (5,474 ) -
Youth Sports Justice 19,522 (19,522 ) -
Premier League Kicks 33,928 (33,928 ) -
Cargill - (10,078 ) (10,078 )
Twinning (Prisons) 12,500 (12,500 ) -
English in the Community 637 (26,861 ) (26,224 )
EFL Community Club
Organisations

35,000

(35,000

)

-
North Kesteven District Council
(NKDC) - Health, Wellbeing &
Resilience Fund


3,500


(1,944


)


1,556
Youth Investment Fund 137,822 (137,822 ) -
FA Project B1 750 - 750
Community Events 10,999 (1,659 ) 9,340
Together Fund 3,763 (3,763 ) -
National Grid - Community Matters 9,648 (4,213 ) 5,435
Lincolnshire County Council (LCC)
- ESOL Adult Education

1,063

(117

)

946
City of Lincoln Council - Community
World Cup Event

1,572

(1,572

)

-
John Dauber - Sincil Bank FC 1,501 (1,501 ) -
Parkinsons UK 3,000 - 3,000
Sport England - Youth Fighting Fit 7,714 - 7,714
Million Hours 9,685 (8,631 ) 1,054
City of Lincoln Council - Household
Support Fund

11,000

(1,000

)

10,000

Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

20. MOVEMENT IN FUNDS - continued
634,522 (650,871 ) (16,349 )
TOTAL FUNDS 1,290,663 (1,367,922 ) (77,259 )


Comparatives for movement in funds

Net Transfers
movement between At
At 1.9.21 in funds funds 31.8.22
£    £    £    £   
Unrestricted funds
General fund 244,882 104,405 (31,234 ) 318,053

Restricted funds
PBSA 85,528 (48,128 ) - 37,400
Fighting Fit - 42,915 - 42,915
Football Development - 8,600 - 8,600
Holiday Club - 1,200 - 1,200
Premier League Primary Stars - (5,535 ) 5,535 -
LCFC Sinking Fund - - 25,000 25,000
Premier League Kicks - (157 ) 157 -
Cargill 11,471 (1,393 ) - 10,078
Twinning (Prisons) 5,305 (5,847 ) 542 -
English in the Community 50,365 (24,141 ) - 26,224
Tackling Inequalities 5,000 (5,000 ) - -
Health & Wellbeing 5,000 (5,000 ) - -
Inspiring Lives 13,916 (13,916 ) - -
176,585 (56,402 ) 31,234 151,417
TOTAL FUNDS 421,467 48,003 - 469,470

Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

20. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 827,654 (723,249 ) 104,405

Restricted funds
PBSA 42,101 (90,229 ) (48,128 )
Fighting Fit 58,499 (15,584 ) 42,915
Football Development 8,600 - 8,600
Holiday Club 37,990 (36,790 ) 1,200
Premier League Primary Stars 32,286 (37,821 ) (5,535 )
Premier League Kicks 19,184 (19,341 ) (157 )
Cargill - (1,393 ) (1,393 )
Twinning (Prisons) 2,560 (8,407 ) (5,847 )
English in the Community 19,000 (43,141 ) (24,141 )
Tackling Inequalities - (5,000 ) (5,000 )
Health & Wellbeing 25,000 (30,000 ) (5,000 )
Traineeships 40,263 (40,263 ) -
Inspiring Lives - (13,916 ) (13,916 )
EFLT Extra Time Hub 25,271 (25,271 ) -
EFL Community Club
Organisations

35,000

(35,000

)

-
Team Talk 12,410 (12,410 ) -
358,164 (414,566 ) (56,402 )
TOTAL FUNDS 1,185,818 (1,137,815 ) 48,003

RESTRICTED FUNDS

PBSA
PBSA is a six-year project which began in March 2019, funded by the National Lottery. Its aims are to support the Sincil Bank area of Lincoln working alongside the community to make the neighbourhood a better place to live.

Fighting Fit
Fighting Fit is a physical activity programme designed to support people living with or recovering from cancer across Lincolnshire. Fighting Fit aims to help individuals to maintain or increase physical activity levels via low impact circuit classes designed to build back balance, posture, strength, and flexibility. Sessions are led by a Level 4 qualified coach in Cancer & Exercise Rehabilitation, and the group nature of sessions allow individuals to connect with people with shared experiences, gain peer to peer support and enhance their mental wellbeing.





Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

20. MOVEMENT IN FUNDS - continued

John Dawber - Football Development and Holiday Club
Income is applied for charitable purposes to benefit the inhabitants of the City of Lincoln and the Parish of Bracebridge, primarily via grants to local organisations. Lincoln City Foundation successfully bid for this fund and used it to buy items of clothing for children who would not be able to afford such items to remove that barrier for them to participate on both the Football Development and Holiday Club programmes. In addition, the fund was also used to provide FREE places for Pupil Premium children to join the Football Development programme.

Premier League Primary Stars
Primary Stars uses the appeal of the Premier League and professional football clubs to inspire children to learn, be active and develop important life skills. It inspires girls and boys aged between 5 and 11 in the classroom, the playground and on the sports field. Lincoln City Foundation work with teachers to deliver fun, educational sessions in a range of subjects within our local partner schools.

Multiply
Multiply is a government-funded programme to help adults improve their numeracy skills and gain confidence with numbers. It is aimed at adults aged 19 and over who do not have maths GCSE at grade C (or equivalent). Multiply sessions are delivered by Lincoln City Foundation to targeted groups including prisoners through our work with HMP Lincoln, parents through our connections with local primary schools, and those who do not speak English as a first language through our ESOL and Conversation Club provision.

3G Sinking Fund
Lincoln City Football Club Company Limited and Lincoln City Foundation secured joint funding for a new artificial grass pitch at the LNER stadium. The artificial grass pitch is owned by Lincoln City Football Club. Construction was completed in March 2021. An agreement was entered into for it to be managed by Lincoln City Foundation. Under the terms of the agreement the sum of £25,000 per annum should be set aside from income and deposited into a Sinking Fund to replace the pitch when it reaches the end of its operational life which is expected to be 10 years. At the end of the period the fund of £250,000 is to be gifted to Lincoln City Football Club as a grant for them to undertake the necessary replacement works.

Premier League Core Funding
This grant helps us to cover costs towards Senior Leadership time spent on governance of both the Premier League programmes and wider governance relating to the Capability Code of Practice which all Community Club Organisations within the Premier League and English Football League must adhere to.

Wildcats
Weetabix Wildcats provides non-competitive football for girls who want to give it a go for the very first time or want to play with other girls their own age. Most importantly it is all about having loads of fun and meeting new amazing friends. We used it to provide inclusive football sessions in areas which did not have that provision already and to signpost/Talent ID to other parts of our Girls' Pathway.





Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

20. MOVEMENT IN FUNDS - continued

Emerging Talent Centre (ETC)
Funding of £5.25 million from the Premier League across the next three years will see the number of players engaged in FA Pathway programmes more than double helping to create greater access for all. Girls' Emerging Talent Centres, including ours at Lincoln City Foundation, across the nation will increase and diversify the talent pool and gives more girls than ever the chance to take their first steps on the pathway towards playing professional football and following in the footsteps of the inspirational Lionesses.

National Grid - Warm Hub
National Grid Warm Hub funding enabled the delivery of a Warming Up Hub - a free to access, weekly warm space for local people to use during the winter period. The Warming Up Hub is held at the LNER Stadium and provides warm food and drinks, free charging facilities, remote work stations, kitchen access and family friendly activities.

East Midlands Railway
East Midlands Railway Funding supported our Team Talk programme by funding venue hire costs for our male only, mental health peer support sessions.

Lincolnshire County Council - SHINE
Funding was awarded from Lincolnshire County Council, administered by SHINE Lincolnshire for suicide prevention. These funds have been used to fund our Team Talk programme which supports male mental health through peer-to-peer support in which we have partnered with Andy's Man Club. These weekly sessions allow participants to engage in physical activities in addition to facilitating peer to peer support.

NHS Winter Pressures
NHS Winter Pressures funding supported the delivery of the Extra Time Hub programme during the winter period. The aim was to provide weekly sessions for older adults where they can access local support, and therefore reduce the likelihood that they will need to engage with their GP or emergency care services.

Evan Cornish Grassroots Fund
Evan Cornish Grassroots Fund supported our ESOL classes by funding venue hire costs for a four-month period.

Holiday Activities and Food (HAF) Holiday Clubs
The HAF funding received through Lincolnshire County Council supports disadvantaged children during the school holidays by providing them with healthy food and enriching activities. The purpose of this is to relieve some pressure on families over the school holidays due to the increased costs of food and childcare and reduced incomes, which for some children can lead to a holiday experience gap. Children from disadvantaged families are less likely to access organised out-of-school activities, are more likely to experience a lack of nutrition and physical health over the school holidays and more likely to experience social isolation, all of which the HAF programme aims to address.








Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

20. MOVEMENT IN FUNDS - continued


Community Renewal Fund (CRF)
The CRF funding from Lincolnshire County Council via The Abbey Access Centre as part of The Working and Connecting Communities (WCC) programme, delivered training to identified groups including the long term unemployed, those age 50+ and those suffering with mental health issues. Alongside the formal training was a package of support and mentoring at an intensive level, to enable individuals to overcome the barriers preventing them accessing training and employment. Lincoln City Foundation utilised these funds in delivering a traineeship programme for 16-24 year olds, a health and well-being programme across Lincoln for people aged 16 and over, Extra Time hubs for over 55s, ESOL (English for Speakers of Other Languages) classes across the City and holiday clubs and childcare for the school holiday periods.

Youth Sports Justice
The Youth Justice Sports Fund provides funding to local sport schemes, to support young people at risk of entering the criminal justice system. We utilised it in partnership with the Priory, to support their pupils with their attendance and attainment in school, working on perseverance as an example, before signposting the children to our Premier League Kicks programme.

Premier League Kicks
Premier League Kicks uses the power of football and the value of sports participation to help young people in some of the most high-need areas in Lincoln. It increases playing, coaching and officiating opportunities in football and a range of sports for children and young people aged between 8 and 18. It also provides the chance to strengthen communities with instilling a culture to young people in their involvement of volunteering, social action and being positive role models.

Cargill
Cargill is a programme delivered in our partner primary schools promoting the importance of healthy eating and physical activity through the Cargill brand. In addition, we also used this funding to provide healthy snacks for our Ofsted registered After-School Club and Holiday Clubs.

Twinning (Prisons)
Twinning is a mentoring project delivered to prisoners in HMP Lincoln, with the aim of helping the prisoners in preparation of their release to support their rehabilitation back into society.

English in the Community
English in the Community is a two-year project funded by the National Lottery for residents within the local community for whom English is not their first language. English classes are taught both virtually and face to face, allowing us to increase the reach of our provision across the County. The objective of this project is for participants to increase their English vocabulary to help them find employment and integrate socially into the community.







Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

20. MOVEMENT IN FUNDS - continued


EFL Community Club Organisations
The EFL Trust provide funding to all Community Club Organisations (CCOs) in the English Football League to contribute towards maintaining strong governance, leading to a developed and successful charity. The CCO utilises funding granted to continue to develop its organisational capability in the areas identified in the EFLT capability action plan and feedback, report and undertake best practise in governance standards in the areas of legal form and status; governance and the board; staff, structure and workforce development; strategy; safeguarding; finance; equality, diversity and inclusion; data protection; risk management; health and safety; incident reporting; impact; communication; and environmental sustainability.

North Kesteven District Council (NKDC) - Health, Wellbeing & Resilience Fund
Funding from North Kesteven District Council enabled a new Extra Time Hub multi-sport session to be established in the village of Skellingthorpe, providing older adults with access to weekly physical activity and social engagement.

Youth Investment Fund
The Youth Investment Fund (YIF) is capital and revenue grants, funded by the UK Government to transform and level up the out-of-school youth sector. Funding has enabled the recruitment of a youth manager and support the development of our youth provision.

FA Project B1
Blind football is five-a-side football - and, more specifically, it is an adapted version of futsal. Blind football is also sometimes known as B1 football or football five-a-side. We secured funding with the FA to provide a B1 Blind Football session, however we have yet to launch this programme but will be looking to in the 23/24 season.

Community Events
Community Events is an Awards For All from the National Lottery Community Fund and is being used alongside PBSA to support the work within the local Sincil Bank Community. The fund is being used for events locally throughout the year and should be spent by March 2024.

Together Fund
Together Fund supported costs associated to Lincoln City Foundation's delivery in care homes. Funds covered staffing and travel costs to venues across Lincolnshire, where multi-sport and seated chair exercise sessions take place.

National Grid - Community Matters
National Grid Community Matters funding is supporting the development of 'Poacher's Patch' a green space located behind the 3G facility at the LNER Stadium. Funds will enable the area to be cleared, developed, and reopened as a space for our community participants to access.

Lincolnshire County Council (LCC) - ESOL Adult Education
Adult Education funding is enabling the delivery of structured English language courses targeting three levels of learners - beginner, intermediate and higher. ESOL courses aim to support non-native speakers to become more confident, build skills to engage in their local community and develop their employability prospects.


Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

20. MOVEMENT IN FUNDS - continued

City of Lincoln Council - Community World Cup Event
A small fund from the City of Lincoln Council to hold a Community World Cup Event for children aged 6-11 to help bring communities together.

John Dauber - Sincil Bank FC
This was a small grant for a local community group which we were holding the funds for. Funds were transferred in June 2023 to their new bank account.

Parkinsons UK
Parkinson's UK funding is enabling the development of a new programme - Active Together - providing physical activity sessions for people living with Parkinson's. Group sessions will additionally enable peer to peer support and provide a space where carers can engage with each other.

Sport England - Youth Fighting Fit
Building on the success of Lincoln City Foundation's main Fighting Fit programme, Sport England funding is supporting the pilot of a physical activity programme for young people living with or recovering from cancer across Lincolnshire.

Million Hours
Million Hours is funded by the Department of Culture Media and Sport (DCMS) and The National Lottery Community Fund to fund organisations to give extra support to young people in areas where they may be at risk of anti-social behaviour. We used the funding to provide a multi sports programme during August for 16-24 year olds with special educational needs and disabilities.

City of Lincoln Council - Household Support Fund
Lincoln City Foundation is administering the Household Support Fund on behalf of Lincolnshire County Council. The fund is designed to support households struggling with the cost of living during the Winter period by providing financial support in areas such as energy, water and food. The Foundation is administering the grant through the Warming Up Hub sessions.

21. RELATED PARTY DISCLOSURES

During the year there were various transactions between the charity and Lincoln City Football Club Company Ltd, which is connected by virtue of the fact Clive Nates is a Director of the Company and Sunil Hindocha sits on the Football Club board as a Foundation representative. Liam Scully is also the CEO of Lincoln City Football Club Company Ltd. The transactions totalled amounts receivable of £35,508 (2022: £2,553) and costs incurred of £213,166 2022: £42,851). All transactions are considered to be on normal commercial terms, at the year end the charity had a net amount payable of £8,717 (2022: £9,240). Included in grants payable are grants paid to Lincoln City Football Club Company Ltd of £107,000 (2022: £Nil).


Lincoln City Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

22. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

23. MEMBERS' LIABILITY

Each member of the Charitable Company undertakes to contribute to the assets of the Charitable Company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required not exceeding £10, for the debts and liabilities contracted before he/she ceased to be a member.