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2021-07-31-accounts

Trustees J P Neal
P Clemente
P Hudson
JWheatley
C Heywood
J Irving
ACorbridge
M Broxholme
Life President Rev Canon P Wright
Charity number 1000381
Company number 02283391
Registered office North Grove House
South Grove
Rotherham
660 2AF
Auditor Hart Shaw LLP
Europa Link
Sheflield Business Park
Shefiield
69 1XU
Bankers National
Westminster		 Bank
Bawtry Road
Vickersley
Rotherham
666 OJY
Solicitors Bradford &Son Solicitors
9 Moorgate Road
Rotherham
6602EN
Senior Leadership Team C MacCormac MBE (Chief Executive)
C Ellis (Group Director ofFinance)
M MacCormac (Group Director ofOperations)

Page
Trustees' report 1-4
Statement
oftrustees'		 responsibilities
Independent
auditor's		 report 6-8
Statement offinancial activities
Balance sheet 10-11
Statement
ofcash flows		 12
Notes to the financial statements 13-22

Learner outcomes Learner outcomes Target Actual
ESFA Study programme 76% 76%(Progressions)
78% 86% (All aim achievements)
83% 86%(Core aim achievements)
83% 86%(Work related activity engagement)
Volumes: Starts
ESFA Study Programme All Regions 456
ESFA LLD All Regions 40
Schools 3
Total 499

Unrestricted Unrestricted
funds funds
Period Year
ended ended
2021 2020
Notes 9
Igggtm~mi
Charitable activities 3 2,695,346 3,065,638
~E*
Cht
Charitable activities 4 2,539,968 2,921,299
Net income for the year/
Net movement in funds 155,378 144,339
Fund balances at 1 September 2020 1,720,606 1,576,269
Fund balances at 31July 2021 1,875,984 1,720,608

2021 2020
Notes 6 8
Fixed assets
Tangible assets 10 47,593 78,634
Investments 11 2 2
47,595 78,636
Current assets
Debtors 13 65,797 250,418
Cash at bank and in hand 2,571,452 1,935,199
2,637,249 2,185,617
Creditors: amounts falling due within
one year 14 (808,860) (543,645)
Net current assets 1,828,389 1,641,972
Total assets less current liabilities 1,875,984 1,720,608
Income funds
Unrestricted
funds		 1,875,984 1,720,608
1,875,984 1,720,608

2021 2020
Notes
Cash flows from operating activities
Cash generated
from operations		 21 639,932 593,110
Investing activities
Purchase oftangible fixed assets (3,679) (17,127)
Net cash used in investing activities (3,679) (17,127)
Net cash used in financing activities
Net increase in cash and cash equivalents 636,253 575,983
Cash and cash equivalents at beginning ofperiod 1,935,199 1,359,216
Cash and cash equivalents at end of period 2,571,452 1,935,199

2021 2020
Grants and contracts for training 2,695,237 3,065,156
Sundry income 109 482
2,695,346 3,065,638
Charitable activities
2021 2020
6 6
Staff costs 675,045 755,394
Direct costs 737,142 894,489
1,412,187 1,649,883
Share ofsupport costs (see note 6) 1,119,848 1,263,703
Share ofgovernance costs (see note 6) 7,933 7,713
2,539,968 2,921,299
Analysis
by fund
Unrestricted funds 2,539,968
2,539,968
Forthe year ended 31August 2020
Unrestricted funds 2,921,299
2,921,299

Direct costs
2021 2020
Learnertravel
expense		 150,799 131,783
Learner refreshments 757 280
Travel and vehicle expenses 13,109 19,765
Training
expenditure		 571,971 742,101
Protective clothing 506 560
737,142 894,489

Support Governance 2021 Support Governance 2020
costs
f		 costs
f		 costs costsf
Staff costs 488,561 488,561 501,378 501,378
Depreciation 34,720 34,720 42,452 42,452
Support costs 596,567 596,567 719,873 719,873
Audit fees 7,933 7,933 7,713 7,713
1,119,848 7,933 1,127,781 1,263,703 7,713 1,271,416
Analysed between
Charitable activities 1,119,848 7,933 1,127,781 1,263,703 7,713 1,271,416

2021 2020
Number Number
Direct charitable 35 39
Administration 14 14
53
Employment costs 2021 2020
6
Wages and salaries 1,029,520 1,109,485
Social security costs 84,960 95,715
Other pension costs 49,126 51,572
1,163,606 1,256,772

Support costs
2021 2020
Professional
fees		 6,976 7,112
Travel and entertaining 24,770 48,148
Staff training
and refreshments		 7,274 8,275
Telephone 9,664 11,944
Postage, stationery and advertising 81,896 52,499
Sundries 11,393 15,451
Disallowed
VAT inputs		 73,049 75,148
Bank charges 4,884 3,805
Rent and rates 263,325 359,654
Insurance 10,465 13,204
Light and heat 42,012 37,437
Repairs and renewals 4,748 1,272
Property
refurbishments		 3,187 33,592
Cleaning 52,924 52,332
596,567 719,873

Tangible fixed assets
Equipment, ccmputers
end
vehicles
8
Cost
At 1 September 2020 672,035
Additions 3,679
At 31 July 2021 675,714
Depreciation
and impairment
At 1 September 2020 593,401
Depreciation
charged		 in the period 34,720
At 31 July 2021 628,121
Carrying amount
At 31 July 2021 47,593
At 31Aug ust 2020 78,634
F5,15 9(2020 - f5,628)for the period.
2021 2020
6 6
Motor vehicles 4,066 9,225
11 Fixed asset investments
Fixed asset investments
Unlisted
investments
Cost orvaluation
At 1 September 2019 &31 July 2020
Carrying
amount
At 31 July 2021
At 31August 2020

Name ofundertaking Name ofundertaking Registered Nature ofbusiness Class of
%Held		 Class of
%Held
office shares held
Direct
C KWAcademy Limited England Dormant company Ordinary 100.00
Morthyng
Limited		 England Dormant company Ordinary 100.00
Debtors
2021 2020
Amounts
falling		 due within one year: 6 6
Trade debtors 683 972
Arrears offunding 198,378
Prepayments
and		 accrued income 65,114 51,068
65,797 250,418
Creditors: amounts falling due within one year
2021 2020
Notes 6
Trade creditors 25,273 39,127
Other taxation and social security 26,436 28,444
Deferred income 15 582,615 373,344
Other creditors 4,247 4,959
Accruals 170,289 97,771
808,860 543,645




under non-cancellable
operating
leases, which
fall due		 as follows:
2021f 2020
5
Within one year 170,677 132,246
Between two and five years 130,451 43,027
301,128 175,273

Cash generated
from		 operations 2021
5		 2020
f
Surplus for the period 155,376 144,339
Adjustments
for:
Depreciation
and impairment
oftangible		 fixed assets 34,720 42,452
Movements
in working		 capital:
Decrease in debtors 184,621 380,735
Increase/(decrease)
in		 creditors 55,944 (17,692)
Increase
in deferred
income		 209,271 43,276
Cash generated
from		 operations 639,932 593,110