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|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)||
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|||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|
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|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|||
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|||||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|
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||||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|
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|||||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|
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||||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|
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|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|
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|||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|
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|||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|
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|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|
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|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||
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|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|
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|
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|
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|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|
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