REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements |
for the Year Ended 31 August 2024 |
for |
Lincoln City Foundation |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements |
for the Year Ended 31 August 2024 |
for |
Lincoln City Foundation |
Lincoln City Foundation |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Report of the Trustees | 1 | to | 15 |
Report of the Independent Auditors | 16 | to | 19 |
Statement of Financial Activities | 20 |
Statement of Financial Position | 21 |
Statement of Cash Flows | 22 |
Notes to the Statement of Cash Flows | 23 |
Notes to the Financial Statements | 24 | to | 43 |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
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 2024. 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 enjoyed another exceptionally busy year once again achieving record levels of income via a number of different programmes. 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 2024, we once again increased our overall employee headcount on the previous year with the addition of some new delivery roles to support our expanding youth programmes as we embark on our new financial year. |
During the year we had 62 volunteers, 21 secondary school pupils on work experience, 30 post-16 placements and one Duke of Edinburgh volunteer who supported us in a range of activities including assistant coaching, assistant teaching, event assistants, event organisers and business support assistance. |
In May 2024, we moved into our new Co-op Community Hub, providing valuable new office space for the team as well as classrooms and space for our expanding youth and community programmes. Funding received from the Youth Investment Fund was instrumental in the completion of this capital build. We were grateful for the donation of office furniture from Places for People and funding from BNA Charitable Organisation to furnish the classrooms and kitchens. |
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 unrest. |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
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 disabilities 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 fans. |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
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 2024 |
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 continued to operate our BTEC and degree education programme for boys and girls as a post 16 education pathway and we welcomed over 600 boys and girls onto our football development sessions. |
Our Premier League Kicks programme which provides free-to-access football in multiple locations has continued to grow over the past year with an additional 150 unique users. Our holiday clubs have now expanded into new locations across the county 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, a community world cup event and our annual 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 remain eligible for core funding. 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. LCFC hosted the first 'Foundation Matchday' during last season, raising awareness and creating a fundraising opportunity for the fixture against Derby County in January 2024. 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. The new Premier League Fans Fund provides us with opportunities to engage with members of the community with the aim of removing some of the barriers that have previously prevented them from attending football games. |
The EFL was delighted to announce the latest headlines from the EFL Measuring the Impact of Clubs in the Community interim report and have shared Lincoln City Foundation's total social value figure of £6.9m broken down by the core reporting areas as follows: |
Physical health: £0.6m |
Mental health: £3.5m |
Social: £2.2m |
Education and employability: £0.6m |
In conclusion, the Foundation has embarked on a year of growth, continuing to support existing participants and programmes as well as developing new offerings and expanding into new geographical locations across the county. Our team remain fully committed in supporting our communities 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 expanded our team going into the new 2024-25 academic year with two new Sports Tutors and a new Youth Worker. |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
Education - BTEC |
Our Sports BTEC has supported all year 13 students onto their chosen pathway. Many are going on to university, including Loughborough, Leeds Beckett, and our own degree programme in partnership with the University of South Wales (USW). This year we had our highest percentage of students achieving at least one Distinction grade 23%. |
Education - Degree |
The delivery of our degree programme increased to three degree programmes (sports coaching, football coaching and business in sport). We have had twelve degree students across the three programmes, with one student graduating with a BSc (Hons) Football Coaching, Development and Administration. We hosted the USW UEFA C course which included seven of our students. |
Employability |
Over the last year we have continued our successful employability engagement programmes as follows: |
- Twinning project continued to be delivered in two prisons (the only CCO to deliver in two prisons), with four cohorts in total. |
- Our second Sports Apprentice started in September 2024. |
- 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 across five cohorts of numeracy and sport delivery at HMP Lincoln. |
- The team presented at the HMP Lincoln employability roadshow. |
- Your Next Steps is a new programme supporting prisoners upon their release in conjunction with the EFL and Probation Services. |
Youth |
Our youth work has grown massively over the last year with the move into our new Community Hub and funding from the Youth Investment Fund: |
- Impowered - delivery across 4 secondary schools in Lincolnshire, this programme entails socioemotional learning in collaboration with football |
- Imps pathway - delivery in Rookery lodge, socioemotional learning in collaboration with football, sports and Level 1 Football and Futsal coaching qualifications |
- Children in care - event consisting of 3G games, meet the players and stadium tour |
- NCS - created and facilitated the NCS (with LSST, PL Kicks, LCF BTEC) term time and holiday delivery. |
- NCS residential - organised and facilitated LCF BTEC student week-long residential |
- Careers days (LSST, Lincoln Priory, and Athena schools) |
- Youth committee: monthly meetings with young people |
This Year in our Healthier Communities Department |
Our Healthier Communities team have broadened their array of activities this year which has been achievable due to multiple funding sources. They have completed matchday blood pressure checks to help fans become more aware of their health, running regular activity sessions in care homes across the county, increased fundraising opportunities with 20 runners completing the Lincoln 10k raising money for our charity and secured funding for the next three years to expand on work in the Mablethorpe area and deliver further health focussed programmes. |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
Fighting Fit |
Our Fighting Fit cancer rehabilitation programme is now in seven different locations in Lincolnshire, providing increased accessibility to physical activity support for those living with cancer in the county. New locations added this year include Bourne and Market Rasen with the creation of a monthly Fighting Fit 5k walk/run/jog linking to Belton House parkrun events. |
Our Fighting Fit programme won a regional award for 'Impact on Health' at the Active Lincolnshire Sport and Physical Activity Awards. |
Fundraising support for Fighting Fit has come from various sources including the C2C2C cycling event, Body Slams to Cancer wrestling, plus numerous fancy dress fundraisers. |
Active Together |
This is a new physical activity programme developed this year to support people living with Parkinson's. New referral pathways and partnerships have been built with the local Lincoln Parkinson's support group, the NHS Parkinson's Disease Nurse Specialist team, and the University of Lincoln. |
Extra Time Hub |
This year we have added new sessions to our weekly programme of physical and social opportunities for older adults including a daytime walking football session for men, an additional kurling group, and a seated chair activity session in Welton. A range of informative and entertaining workshops were delivered to our members including a visit from a Red Arrows Pilot. |
Team Talk |
Funding investment was secured for a period of three years from SHINE Lincolnshire, allowing us to create a new mixed gender mental health peer support group which is coproduced and led by a group of volunteers. |
English Language Support Sustained |
Our provision of English language support to non-native speakers consists of a comprehensive weekly programme of informal Conversation Club classes, alongside structured ESOL (English for Speakers of Other Languages) courses. This year, one learner was awarded the Lincolnshire County Council 'Learner of the Year' Award following attending classes and progressing to opening her own business in Lincoln Cornhill Market, with several other learners progressing into community volunteering or local employment including as a Researcher in Dental Medicine and a Phlebotomist. Our Conversation Club participants enjoyed a wide variety of enrichment trips and visits organised for members including to local attractions such as International Bomber Command and a trip for British afternoon tea. Numerous enthusiastic volunteers supported to develop their skills as English language teachers. |
Warming Up Hub |
We have distributed over £40k of Household Support Funding to local people in need of help with the increased cost of living challenges alongside our successful sessions held through the winter which led to the regular running of a new Social Hub weekly drop in session. |
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 the following: |
- Festival of Light - a multi-cultural parade and celebration featuring a lantern making workshops |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
- Sincil Bank Heroes - a celebration and recognition evening for all the local people who a make a difference in their neighbourhood |
- Sincil Bank by the Sea - bringing the seaside to Sincil Bank with activities including donkey rides, a Punch and Judy show, and mini golf |
- Friday Funday - weekly events bringing local families together in St Andrews Garden |
This Year in our Sports and Physical Activities Department |
Over the year, we have seen significant growth in unique participants across our Football Development and Out of School programmes and a reinvigoration of the Schools Programme. The 3G facility has continued its steady growth in occupancy since its installation in 2021 and our Matchday co-delivery with Lincoln City Football Club has expanded further into new unique experiences. |
3G (Artificial Pitch) Usage |
This year we have seen an increase in the number of unique bookers of the 3G pitch. Foundation occupancy increased to its highest ever amount and total occupancy was higher than previous year. |
Out of School Programmes |
This year we had a record number of Premier League kicks unique participants to over 500 and came 7th nationally at the Premier League Kicks Cup. We took on the Masterclasses delivery from Lincoln City Football Club and delivered to a record number of participants. This summer saw us deliver Kellogg's football camps in four locations across Lincolnshire and once again, we received great feedback from Lincolnshire County Council for our HAF delivery. |
Football Development |
This year saw our highest ever number of unique participants across both the boys' and girls' pathways and our disability project. We increased the options for those aged 13 and over than ever before and implemented a new development centre at Bottesford FC. Girls from our Emerging Talent Centre were referred to and participated into the England Pathway. We took on the Academy Emerging Talent programme from Lincoln City Football Club and conducted a fair trial process/ ILP review for the highest number of unique participants. |
Schools |
This year we increased the number of partner schools we work with and increased our Premier League Primary Stars (PLPS) rating to 'Good'. We delivered Utilita and PLPS tournaments/festivals to over 30 schools. We trialled reading interventions in English Literacy Hub with excellent feedback and 120 children attended a special Author Day at the LNER Stadium. |
Matchday |
We retained the Family Excellence Gold Award and supported delivery of the first ever Foundation Matchday, raising awareness of the Foundation. Alongside Lincoln City Football Club, we co-delivered new Matchday Experiences such as 'Poacher's Ultimate' and 'Poacher's Pundits'. We received great feedback on Matchday Ball Assistant performance from the First Team and our Poacher's Den continues to provide and inclusive indoor space for fans on matchdays. |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
STRATEGIC REPORT |
Financial review |
Financial position |
Financial Performance Review: 2023 vs. 2024 |
The financial year 2023-2024 has been one of significant growth and strategic development for our charity. While there have been increases in both income and expenditure, the overall impact has been positive, enabling us to expand our services and support more people in need. Below is a summary of our key financial performance for the year: |
Income |
In 2023, the charity's income stood at £1,183,663, which allowed us to fund our core programs and initiatives. However, 2024 has seen an increase in income to £1,428,218, a 20% year-on-year increase. This growth reflects the success of our fundraising efforts, including increased donations, successful grant applications, and expanded corporate partnerships. |
Expenditure |
As a charity, our expenditure directly supports the services and programs that benefit our community. In 2023, total expenditure amounted to £1,260,922. In 2024, expenditure increased to £1,333,470, a 5.7% rise. Operational costs have risen by a modest 1.8% compared to the prior year showing that we have been careful in managing costs and we have worked diligently to ensure that every pound spent has a direct and positive impact on our beneficiaries. |
Net Impact and Sustainability |
Our income growth has led to a positive net outcome for the year. In 2023, we recorded a small deficit of £77,259. However, in 2024, we have turned this around, achieving a surplus of £94,748. This surplus is a direct result of our increased fundraising success and efficient use of resources. It allows us to reinvest in our programs and ensure the long-term sustainability of the charity, enabling us to plan for future growth while maintaining financial health. |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
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 22 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 £250k. This is shown in the table below: |
Requirements | Target range | Actual at 31.8.24 |
£k | £k |
Working capital | 130 | 130 |
Risks in income | 25 | 25 |
Provision for unplanned expenditure | 25 | 25 |
General fund | 180 | 180 |
Development fund | 10-50 | 101 |
Total | 190-230 | 281 |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
STRATEGIC REPORT |
Financial review |
At 31 August 2024 the level of unrestricted reserves was £280k (2023: £232k). 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 £101k 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 2024 |
STRATEGIC REPORT |
Future plans |
Future Focus - Education & Employability |
We aim to increase the number of BTEC students, with a target of 40, for the 2025/26 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 and employability provisions with the following new programmes: |
- One-to-one youth mentoring in schools across the county |
- Youth club delivery throughout the week |
- Licence to deliver Duke of Edinburgh Awards which will see our students taking part in volunteering, physical activity, new skills and an expedition element. |
- Pathways to Employment - supporting non-native English speakers to access work and volunteer opportunities. |
Future Focus - Sport & Physical Activity |
We will focus on maximizing attendance at our holiday club and after-school club sessions by: |
- Continuing to offer high-quality provisions |
- Achieving a 100% occupancy rate for HAF (Holiday Activities and Food) programmes |
- Maintaining a 75% occupancy rate for Kellogg's redemption's |
In our football development programmes, we will: |
- Grow player numbers across both boys' and girls' pathways in new, distinct locations |
- Develop the girls' pathway by launching new development age groups |
- Collaborate with Lincoln City Football Club to enhance both boys' and girls' pathways |
- Launch a new disability football programme |
- Engage with at least 40 primary schools |
- Increase our number of partner schools to 25 for the 2025/26 academic year |
- Raise our Premier League Primary Stars rating to 'Exemplary' |
- Use Primary PE & Sport Premium funding to implement new initiatives such as a reading intervention, Primary IMPowered, and a new project, Footy Phonics |
These steps will help us grow and sustain the impact of our programmes while supporting both participant engagement and community outreach. |
Future Focus - Healthier Communities |
Looking ahead, a key area of focus for the forthcoming year is to improve how we measure the impact of our Healthier Communities programmes - answering the question; how do we know we are truly contributing to improving people's physical, social and mental wellbeing? |
We also have new sessions and programmes starting in 2024/2025 including: |
- Physical activity sessions for patients at the NHS Peter Hodgkinson Centre |
- Walking Tennis sessions delivered in partnership with Age UK |
- Football Together - walking football specifically for those living with a long-term health condition |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
STRATEGIC REPORT |
- New Extra Time Hub physical activity sessions held at various locations |
- A prehab specific Fighting Fit session |
- Pathways to Imployment - working with colleagues to offer further support to non-native English speakers to access work and volunteer opportunities |
- Increased health and wellbeing delivery in the Mablethorpe area and employment of a part time staff member for the region |
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 June 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. |
Organisational structure |
Our Board of Trustees meets quarterly. Throughout 2023/24 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). |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
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 2023/24 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 |
Registered Charity number |
Registered office |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
Trustees |
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 2023 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 May 2022 and transferred permanently, leaving our employment on 30 April 2024). |
Director of Operations - Alexandra Bavin |
Company Secretary |
Auditors |
Newland House |
The Point |
Weaver Road |
LINCOLN |
Lincolnshire |
LN6 3QN |
Bankers |
NatWest |
255 High Street |
LINCOLN |
LN2 1AZ |
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". |
Lincoln City Foundation (Registered number: 06608600) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued |
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 |
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 2024 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 2024 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. |
for and on behalf of |
The Point |
Weaver Road |
LINCOLN |
Lincolnshire |
LN6 3QN |
Lincoln City Foundation |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
for the Year Ended 31 August 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
as restated |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 5 |
Other trading activities | 3 |
Investment income | 4 |
Total |
EXPENDITURE ON |
Raising funds | 6 |
Charitable activities | 7 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
Transfers between funds | 22 | (25,000 | ) | 25,000 | - | - |
Net movement in funds | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 392,211 |
Lincoln City Foundation (Registered number: 06608600) |
Statement of Financial Position |
31 August 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 16 |
Investments | 17 |
CURRENT ASSETS |
Debtors | 18 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 19 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 22 |
Unrestricted funds | 280,716 | 232,143 |
Restricted funds | 206,243 | 160,068 |
TOTAL FUNDS | 486,959 | 392,211 |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Lincoln City Foundation |
Statement of Cash Flows |
for the Year Ended 31 August 2024 |
2024 | 2023 |
as | restated |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 190,517 | (118,139 | ) |
Net cash provided by/(used in) operating activities |
190,517 |
(118,139 |
) |
Cash flows from investing activities |
Purchase of tangible fixed assets | (49,650 | ) | - |
Purchase of fixed asset investments | - | (100 | ) |
Interest received | 17,553 | 748 |
Net cash (used in)/provided by investing activities | (32,097 | ) | 648 |
Change in cash and cash equivalents in the reporting period |
158,420 |
(117,491 |
) |
Cash and cash equivalents at the beginning of the reporting period |
2 |
284,843 |
402,334 |
Cash and cash equivalents at the end of the reporting period |
2 |
443,263 |
284,843 |
Lincoln City Foundation |
Notes to the Statement of Cash Flows |
for the Year Ended 31 August 2024 |
1. | RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES |
2024 | 2023 |
as | restated |
£ | £ |
Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) |
94,748 |
(77,259 |
) |
Adjustments for: |
Depreciation charges | 3,553 | 2,408 |
Loss on disposal of fixed assets | 1,740 | - |
Interest received | (17,553 | ) | (748 | ) |
Increase in debtors | (423,661 | ) | (46,228 | ) |
Increase in creditors | 531,690 | 3,688 |
Net cash provided by/(used in) operations | 190,517 | (118,139 | ) |
2. | ANALYSIS OF CASH AND CASH EQUIVALENTS |
2024 | 2023 |
as | restated |
£ | £ |
Notice deposits (less than 3 months) | 458,144 | 306,998 |
Overdrafts included in bank loans and overdrafts falling due within one year |
(14,881 |
) |
(22,155 |
) |
Total cash and cash equivalents | 443,263 | 284,843 |
3. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1.9.23 | Cash flow | At 31.8.24 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 306,998 | 151,146 | 458,144 |
Bank overdrafts | (22,155 | ) | 7,274 | (14,881 | ) |
284,843 | 158,420 | 443,263 |
Total | 284,843 | 158,420 | 443,263 |
Lincoln City Foundation |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
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 | - |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
1. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
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 2024 |
2. | DONATIONS AND LEGACIES |
2024 | 2023 |
as | restated |
£ | £ |
Donations |
3. | OTHER TRADING ACTIVITIES |
2024 | 2023 |
as | restated |
£ | £ |
Education | 70,728 | 77,370 |
Holiday courses | 80,908 | 86,385 |
4. | INVESTMENT INCOME |
2024 | 2023 |
as | restated |
£ | £ |
Interest receivable - trading | 17,553 | 748 |
5. | INCOME FROM CHARITABLE ACTIVITIES |
2024 | 2023 |
as | restated |
Activity | £ | £ |
General income | Total activities | 423,813 | 304,857 |
Grant income | Total activities | 570,727 | 527,001 |
Sponsorship | Total activities | - | 910 |
BTEC | Total activities | 129,460 | 155,990 |
Deferred incoming resources | 31/8/24 | 31/8/23 |
£ | £ |
Deferred income brought forward and released during the year | 116,036 | 21,539 |
Income received during the period | 1,946,741 | 1,278,160 |
Deferred income carried forward | (634,559 | ) | (116,036 | ) |
Income recognised in year to 31 August | 1,428,218 | 1,183,663 |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
6. | RAISING FUNDS |
Other trading activities |
2024 | 2023 |
as | restated |
£ | £ |
Staff costs | 9,731 | 9,268 |
Facility hire | 880 | 1,047 |
10,611 | 10,315 |
7. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 8) | note 10) | Totals |
£ | £ | £ |
Total activities | 1,194,388 | 128,471 | 1,322,859 |
8. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2024 | 2023 |
as | restated |
£ | £ |
Staff costs | 866,070 | 824,847 |
Sundries | 40,676 | 37,524 |
Transport and travel | 12,474 | 14,943 |
Repairs, renewals and equipment | 53,644 | 47,054 |
Equipment hire | 4,135 | 2,183 |
Postage and stationery | 5,941 | 6,134 |
Telephone | 11,905 | 13,214 |
Advertising | 4,528 | 2,318 |
Vehicle running costs | 255 | - |
Staff training and coaching | 8,897 | 10,711 |
Facility hire | 78,381 | 92,623 |
Resources | 3,040 | 3,452 |
Coaches and physio | 42,633 | 43,002 |
Trips and outings | 61,059 | 12,393 |
Consultancy | 750 | 750 |
1,194,388 | 1,111,148 |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
9. | GRANTS PAYABLE |
2024 | 2023 |
as | restated |
£ | £ |
Total activities | - | 20,000 |
10. | SUPPORT COSTS |
Governance |
Management | costs | Totals |
£ | £ | £ |
Total activities | 114,909 | 13,562 | 128,471 |
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: |
2024 | 2023 |
as | restated |
Total | Total |
activities | activities |
£ | £ |
Wages | 97,311 | 92,679 |
Facility hire | 8,807 | 10,474 |
Insurance | 3,498 | 3,928 |
Depreciation of tangible assets | 3,553 | 2,408 |
Loss on sale of tangible fixed assets | 1,740 | - |
Auditors' remuneration | 6,600 | 6,600 |
Auditors' remuneration for non audit work |
2,615 |
3,054 |
Professional fees | 4,347 | 316 |
128,471 | 119,459 |
11. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
as | restated |
£ | £ |
Auditors' remuneration | 6,600 | 6,600 |
Auditors' remuneration for non audit work | 2,615 | 3,054 |
Depreciation - owned assets |
Deficit on disposal of fixed assets |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
12. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
13. | STAFF COSTS |
2024 | 2023 |
£ | £ |
Salaries and wages | 899,782 | 857,935 |
Social security | 59,038 | 55,782 |
Pensions | 14,292 | 13,078 |
973,112 | 926,795 |
During the year key management personnel received remuneration amounting to £137,482 (2023 £157,775). |
2024 | 2023 |
Employees with emoluments £60,001 - £70,000 | - | 1 |
Employees with emoluments £70,001 - £80,000 | 1 | - |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
as | restated |
Permanent employees |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
as restated |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Transfers between funds | (25,000 | ) | 25,000 | - |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 318,053 | 151,417 |
TOTAL FUNDS CARRIED FORWARD |
232,144 |
160,067 |
392,211 |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
15. | PRIOR YEAR ADJUSTMENT |
The prior year adjustment of £107,000 relates to the reclassification of an expense from grants payable to prepaid expenses. The overall adjustment does not affect the SOFA, net income and expenditure or the closing balance sheet funds at 31 August 2023. |
16. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 September 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
17. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
MARKET VALUE |
At 1 September 2023 and 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 | 100 |
At 31 August 2023 | 100 |
There were no investment assets outside the UK. |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
18. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as | restated |
£ | £ |
Trade debtors |
Prepayments and accrued income |
19. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as | restated |
£ | £ |
Bank loans and overdrafts (see note 20) |
Trade creditors |
Social security and other taxes |
Other creditors |
Accruals |
Deferred income |
The overall Charity bank position is in credit. The overdrawn amount disclosed relates to three overdrawn restricted funds at the year end being Holiday Activities and Food (HAF) Holiday Clubs, Twinning (Prisons) and UKSPF Fighting Fit Fund. |
20. | LOANS |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
as | restated |
£ | £ |
Amounts falling due within one year on demand: |
Bank overdrafts |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
21. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
as | restated |
£ | £ |
Within one year |
Between one and five years |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
22. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.9.23 | in funds | funds | 31.8.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 232,143 | 73,573 | (25,000 | ) | 280,716 |
Restricted funds |
PBSA | 28,239 | (128 | ) | - | 28,111 |
Fighting Fit | 12,638 | (12,638 | ) | - | - |
Multiply | 894 | 7,612 | - | 8,506 |
LCFC Sinking Fund | 50,000 | - | 25,000 | 75,000 |
Emerging Talent Centre (ETC) | 25,226 | (18,027 | ) | - | 7,199 |
Shine | - | 12,628 | - | 12,628 |
Holiday Activities and Food (HAF) Holiday Clubs |
3,276 |
709 |
- |
3,985 |
Twinning (Prisons) | - | 6,313 | - | 6,313 |
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 | (2,601 | ) | - | 2,834 |
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 |
(150 |
) |
- |
9,850 |
Premier league Fans Fund | - | 10,831 | - | 10,831 |
Your Next Steps | - | 2,511 | - | 2,511 |
National Garden Scheme | - | 3,867 | - | 3,867 |
John Dauber - World Cup Event | - | 541 | - | 541 |
Jobs 22 The Community Investment Fund |
- |
10,985 |
- |
10,985 |
City of Lincoln Community Chest | - | 300 | - | 300 |
BNA Charitable Organisation | - | 21,782 | - | 21,782 |
East Midlands Railway - Parkinsons | - | 1,000 | - | 1,000 |
160,068 | 21,175 | 25,000 | 206,243 |
TOTAL FUNDS | 392,211 | 94,748 | - | 486,959 |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
22. | 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 | 850,026 | (776,453 | ) | 73,573 |
Restricted funds |
PBSA | 42,115 | (42,243 | ) | (128 | ) |
Fighting Fit | - | (12,638 | ) | (12,638 | ) |
Premier League Primary Stars | 35,000 | (35,000 | ) | - |
Multiply | 80,803 | (73,191 | ) | 7,612 |
Premier League Core Funding | 10,000 | (10,000 | ) | - |
Wildcats | 2,900 | (2,900 | ) | - |
Emerging Talent Centre (ETC) | 7,394 | (25,421 | ) | (18,027 | ) |
Shine | 25,000 | (12,372 | ) | 12,628 |
NHS Winter Pressures | 13,731 | (13,731 | ) | - |
Holiday Activities and Food (HAF) Holiday Clubs |
38,441 |
(37,732 |
) |
709 |
Premier League Kicks | 35,001 | (35,001 | ) | - |
Twinning (Prisons) | 13,000 | (6,687 | ) | 6,313 |
EFL Community Club Organisations |
35,000 |
(35,000 |
) |
- |
North Kesteven District Council (NKDC) - Health, Wellbeing & Resilience Fund |
- |
(1,556 |
) |
(1,556 |
) |
Youth Investment Fund | 90,909 | (90,909 | ) | - |
FA Project B1 | - | (750 | ) | (750 | ) |
Community Events | 1 | (9,341 | ) | (9,340 | ) |
Together Fund | 941 | (941 | ) | - |
National Grid - Community Matters | - | (2,601 | ) | (2,601 | ) |
Lincolnshire County Council (LCC) - ESOL Adult Education |
7,981 |
(8,927 |
) |
(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 |
46,750 |
(46,900 |
) |
(150 |
) |
Places for People | 550 | (550 | ) | - |
UKSPF Community Fund | 2,262 | (2,262 | ) | - |
Premier league Fans Fund | 12,501 | (1,670 | ) | 10,831 |
UKSPF Fighting Fit | 5,592 | (5,592 | ) | - |
Your Next Steps | 7,020 | (4,509 | ) | 2,511 |
ASDA Foundation | 1,240 | (1,240 | ) | - |
EFLT Business Development Grant | 10,000 | (10,000 | ) | - |
LVET Health Inequalities | 5,000 | (5,000 | ) | - |
National Garden Scheme | 3,867 | - | 3,867 |
John Dauber - World Cup Event | 3,600 | (3,059 | ) | 541 |
Jobs 22 The Community Investment Fund |
10,985 |
- |
10,985 |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
22. | MOVEMENT IN FUNDS - continued |
City of Lincoln Community Chest | 2,488 | (2,188 | ) | 300 |
BNA Charitable Organisation | 27,120 | (5,338 | ) | 21,782 |
East Midlands Railway - Parkinsons | 1,000 | - | 1,000 |
578,192 | (557,017 | ) | 21,175 |
TOTAL FUNDS | 1,428,218 | (1,333,470 | ) | 94,748 |
Comparatives for 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 2024 |
22. | 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 | 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 | ) | - |
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 | 30,822 | (30,822 | ) | - |
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 2024 |
22. | MOVEMENT IN FUNDS - continued |
527,522 | (543,871 | ) | (16,349 | ) |
TOTAL FUNDS | 1,183,663 | (1,260,922 | ) | (77,259 | ) |
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. |
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 and those who do not speak English as a first language through our 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. |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
22. | MOVEMENT IN FUNDS - continued |
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. |
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. |
Lincolnshire County Council - SHINE |
Funding from Lincolnshire County Council, administered by SHINE, is supporting the delivery of our Team Talk programme. Team Talk is Lincoln City Foundation's mental health programme, particularly targeting males. The programme provides safe spaces and physical activity sessions to help break down the barriers that prevent people asking for help, whilst also offering a network of social support. |
NHS Winter Pressures |
NHS Winter Pressures funding supported Lincoln City Foundation's 'Extra Time Hub' programme designed to provide an opportunity for older adults to be more socially connected and physically active, alongside accessing organised workshops providing targeted information to the older adult demographic. The funding aimed to reduce the need for older adults to present at their GP during the winter 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. |
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. |
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. |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
22. | 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. |
Community Events |
Community Events is an Awards For All grant 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. |
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 supported the development of 'Poacher's Patch' |
a green space located behind the 3G facility at the LNER Stadium. Funds have enabled the |
area to be cleared and developed 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 2024 |
22. | MOVEMENT IN FUNDS - continued |
Parkinsons UK |
Parkinson's UK funding enabled the development of a new programme - Active Together - providing physical activity sessions for people living with Parkinson's. Group sessions 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 piloted 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 City of Lincoln Council. The fund is designed to support households struggling with the cost of living by providing financial support in areas such as energy, water and food. The Foundation is administering the grant through the Warming Up Hub and Social Hub sessions. |
Places for People |
Places for People provided a small grant to contribute to three projects which operate in the Sincil Bank area of Lincoln, where Places for People have housing stock. This including supporting with items for a local green space, equipment for walking football, and funding the DBS checks of volunteers supporting peer to peer mental wellbeing support. |
UKSPF Community Fund |
The UKSP Community Fund focused on supporting older adults living in the Moorland area of Lincoln to become more active and form increased social connections through the provision of weekly kurling and bowls sessions. |
Premier League Fans Fund |
The Premier League fans fund is funding provided to engage with members of the community with the aim of removing some of the barriers that have previously prevented them from attending football games. Specifically, it is our aim to support children in care, minority ethnic groups, older age adults and people from the LGBQT+ community. |
UKSPF Fighting Fit |
UKSPF funding has specifically supported Lincoln City Foundation's Fighting Fit sessions in Mablethorpe and Boston, as well as providing funding to develop new Fighting Fit sessions in the wider East Lindsey district. |
Your Next Steps |
This funding provides us with the opportunity to work with the Probation Service and ethnic minorities released from prison during the first six months of their release to mentor and support them into training, volunteering or paid employment. |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
22. | MOVEMENT IN FUNDS - continued |
Asda Foundation |
Asda Foundation provided a small grant for our Premier League Kicks programme to purchase portable lights to be able to run PL Kicks sessions in areas that don't have built in lights, which allowed us to run more sessions. These lights were also available for all departments and have been used several times for community use to be able prolong the period of some sessions. |
EFLT Business Development Grant |
The EFLT business development grant has funded signage in and around our new Community Hub. The additional space the Community Hub provides has allowed us to develop and expand our youth and community sessions as well as provide much needed office space for our growing team. |
LVET Health Inequalities |
LVET funding enabled Lincoln City Foundation to hold free blood pressure checks for Lincoln City Football Club fans across three home matchday fixtures at the LNER Stadium. The checks were designed to spot hypertension and advise individuals with a high blood pressure reading to seek further medical advice and arrange an appointment with their GP. |
National Garden Scheme |
National Garden Scheme funding is supporting the further development of 'Poacher's Patch' |
a green space located behind the 3G facility at the LNER Stadium. Funds are enabling the development of site structures to enhance the space for our community participants. |
John Dauber - Community World Cup Event |
The John Dauber Fund partly funded a Community World Cup event held at the LNER stadium on the First team pitch. This event helped bring communities of various cultures together to help highlight the diversity of Lincoln City and how football is a common pastime no matter the country a person is from. |
Jobs 22 |
Funds from Jobs 22 are supporting the Pathway to Imploybability programme which provides bespoke employability support to individuals who do not have English as a first language. The programme features the delivery of targeted employability courses, alongside providing work placement and volunteering opportunities within Lincoln City Foundation. |
City of Lincoln Community Chest |
The City of Lincoln Community Chest Fund partly funded a Community World Cup event held at the LNER stadium on the First team pitch. This event helped bring communities of various cultures together to help highlight the diversity of Lincoln City and how football is a common pastime no matter the country a person is from. |
BNA Charitable Organisation |
Funding was awarded by BNA to fit out our new Community Hub. The funding has enabled us to fully equip both the staff and community kitchens, purchase TVs and webcams for meeting rooms and classrooms, desks and chairs for classrooms, gym equipment and a number of other smaller necessary items. |
Lincoln City Foundation |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
22. | MOVEMENT IN FUNDS - continued |
East Midlands Railway - Parkinsons |
Funding from East Midlands Railway has been gained to help the sustainability of Lincoln City Foundation's Active Together programme - providing physical activity sessions for people living with Parkinson's. |
23. | RELATED PARTY DISCLOSURES |
During the year there were various transactions between the charity and Lincoln City Football Club Company Ltd. |
Trustee Liam Scully is a Director and CEO of Lincoln City Football Club Company Ltd. |
Trustee Clive Nates is a Director and Chairman of Lincoln City Football Club Company Ltd. |
Trustee Dr Sunil Hindocha is a Director of Lincoln City Football Club Company Ltd. |
The transactions totalled amounts receivable of £40,376 (2023: £35,508) and costs incurred of £127,657 (2023: £213,166). |
All transactions are considered to be on normal commercial terms, at the year end the charity had a net amount payable of £6,467 (2023: £8,717). |
24. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party. |
25. | 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. |