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|||Page|
|---|---|---|
|Reference and administrative
details ofthe Charity,|its Trustees and advisers||
|Trustees'
report||2-8|
|Trustees'
responsibilities
statement|||
|Independent
auditors'
report on the financial statements||10-13|
|Consolidated
statement
offinancial activities||14|
|Consolidated
balance sheet||15|
|Charity balance sheet||16|
|Consolidated
statement
ofcash flows||17|
|Notes to the financial statements||18-36|
##
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|Trustees|||D M Antrobus|||||
|---|---|---|---|---|---|---|---|
||||G P Beevers|||||
||||R Leslie|||||
||||BWarrender|(appointed||16July|2020)|
||||D Wilson, Chairman|||||
|Company|registered|||||||
|number|||02728847|||||
|Charity registered||||||||
|number|||1012890|||||
|Registered||office|1-2 Mallard Way|||||
||||Pride Park|||||
||||Derby|||||
||||Derbys hire|||||
||||DE24 8GX|||||
|Chief executive officer|||N Collishaw|||||
|Independent||auditors|Bates Weston|Audit Limited||||
||||Statutory Auditor|||||
||||Chartered
Accountants|||||
||||Canal Street|||||
||||Derby|||||
||||DE1 2RJ|||||
|Bankers|||Bank of Scotland||pic|||
||||20-22 Shandwick||Place|||
||||Edinburgh|||||
||||EH2 4RN|||||
|Solicitors|||Nelsons Solicitors||Limited|||
||||Pennine
House|||||
||||8 Stanford Street|||||
||||Notting ham|||||
||||Nottinghamshire|||||
||||NG1 7BQ|||||
|Investment||advisors|Investec Wealth 8 Management||||Limited|
||||The Colmore|Building||||
||||Colmore Circus|||||
||||Birmingham|||||
||||B46AT|||||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
||Note||||
|Income from:|||||
|Donations
and legacies||61,369|61,369||
|Other trading
activities||820,278|820,278|1,086,489|
|Income from local listed investments||72,905|72,905|99,327|
|Other income||54,193|54,193|108,241|
|Total income||1,008,745|1,008,745|1,294,057|
|Expenditure
on:|||||
|Raising funds|5,6|862,679|862,679|1,124,700|
|Charitable
activities|7|445,400|445,400|529,150|
|Total expenditure||1,308,079|1,308,079|1,653,850|
|Net gains on investments|14|98,253|98,253|380,251|
|Net movement
in funds||(201,081)|(201,081)|20,458|
|Reconciliation
offunds:|||||
|Total funds brought
forward||4,967,251|4,967,251|4,946,793|
|Net movement
in funds||(201,081)|(201,081)|20,458|
|Tlfdidfd||4,766,170|4,766,170|4,967,251|
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|||||2020||2019|
|---|---|---|---|---|---|---|
|||Note||f.|||
|Fixed assets|||||||
|Intangible
assets||12||28,655||17,567|
|Tangible assets||13||900,910||937,029|
|Investments||14||3,592,154||3,761,925|
|||||4,521,719||4,716,521|
|Current assets|||||||
|Debtors||15|212,902||296,266||
|Cash at bank and|in hand||216,694||166,642||
||||429,596||462,908||
|Creditors: amounts|falling due within one||||||
|year||16|(139,543)||(212,178)||
|Net current assets||||290,053||250,730|
|Total assets less|current liabilities|||4,811,772||4,967,251|
|Creditors: amounts|falling due after more||||||
|than one year||17||(45,602)|||
|Total net assets||||4,766,170||4,967,251|
|Charity funds|||||||
|Unrestricted
funds||18||4,766,170||4,967,251|
|Total funds||||4,766,170||4,967,251|
##
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|||||2020||2019|
|---|---|---|---|---|---|---|
|||Note||f.|||
|Fixed assets|||||||
|Intangible
assets||12||28,655||17,567|
|Tangible assets||13||900,909||936,671|
|Investments||14||3,592,254||3,762,025|
|||||4,521,818||4,716,263|
|Current assets|||||||
|Debtors||15|369,278||338,168||
|Cash at bank and|in hand||64,158||21,762||
||||433,436||359,930||
|Creditors: amounts|falling due within one||||||
|year||16|(58,482)||(80,746)||
|Net current assets||||374,954||279,184|
|Total assets less|current liabilities|||4,896,772||4,995,447|
|Total net assets||||4,896,772||4,995,447|
|Charity funds|||||||
|Unrestricted
funds||18||4,896,772||4,995,447|
|Total funds||||4,896,772||4,995,447|
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|||||2020|2019|
|---|---|---|---|---|---|
|Cash flows from operating
activities||||||
|Net cash|used
in operating
activities|||(269,027)|(19,003)|
|Cash flows from investing
activities||||||
|Dividends,
interests
and rents from investments||||72,905|99,327|
|Purchase|of intangible
assets|||(19,350)|(21,959)|
|Purchase|oftangible
fixed assets|||(2,500)|(5,097)|
|Proceeds|from sale of investments|||274,372|316,278|
|Purchase|of investments|||(6,348)|(483,239)|
|Net cash|provided
by/(used
in) investing||activities|319,079|(94,690)|
|Change|in cash and cash equivalents|in|the year|50,052|(113,693)|
|Cash and|cash equivalents
at the beginning||ofthe year|166,642|280,335|
|Cash and cash equivalents
at the end||of|the year|216,694|166,642|
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2020|2020|2019|
|61,369|61,369||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|Sales||820,278|820,278|1,086,489|
|Total|2019|1,086,489|1,086,489||
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020f|2020f|2019|
|Rental income|18,014|18,014|27,857|
|Service charges|28,002|28,002|29,309|
|Other income|3,677|3,677|22,075|
|Skills competition|4,500|4,500|29,000|
||54,193|54,193|108,241|
|Total 2019|108,241|108,241||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|Cost ofsales||165,941|165,941|197,984|
|Administration|expenses|86,440|86,440|208,688|
|Staff costs||588,798|588,798|694,599|
|Depreciation||357|357|834|
|||841,536|841,536|1,102,105|
|Total 2019||1,102,105|1,102,105||
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020
f.|2020f|2019|
|Investment|management|fees|21,143|21,143|22,595|
|Total 2019|||22,595|22,595||
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|||||Activities|Grant||||
|---|---|---|---|---|---|---|---|---|
|||||undertaken|funding
of|Support|Total|Total|
|||||directly|activities|costs|funds|funds|
|||||2020|2020|2020|2020|2019|
|Support|and funding||of||||||
|plumbing,|heating|and gas|||||||
|industries||||2,216|7,883|435,301|445,400|529,150|
|Total 2019||||28,082|31,721|469,347|529,150||
||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
|Staff costs|||135,818|147,901|
|Depreciation|||46,526|39,924|
|Other personnel||costs|3,374|25,123|
|IT and office|costs||110,106|98,368|
|Governance|costs||8,455|6,650|
|Utilities|||20,781|23,028|
|Travel costs|||15,990|31,568|
|Other admin|costs||21,282|39,782|
|Insurance|||11,141|10,500|
|Professional|fees||5,060|17,472|
|Irrecoverable|VAT||7,308|29,031|
|AO Extraordinary||Activity|49,460||
||||435,301|469,347|
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|Analysis|ofgrants||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
|The group has made||the following|grants|in the year:|||
|Development
grants||||||4,660|
|SNIPEF|Apprenticeship|competition||||2,810|
|Plumbing|and heating|skills partnership|||7,883|24,251|
||||||7,883|31,721|
##
|Auditors'
remuneration|||||
|---|---|---|---|---|
||||2020|2019|
|Fees payable to the Charity's|auditor for the audit ofthe Charity's|annual|||
|accounts|||6,850|6,500|
##
|Staff costs||||||||
|---|---|---|---|---|---|---|---|
|||||Group|Group|Charity|Charity|
|||||2020|20'/9|2020|2019|
|Wages and|salaries|||584,870|655,805|75,417|66,707|
|Social security costs||||59,427|76,141|27,047|25,991|
|Contribution|to defined|contribution|pension|||||
|schemes||||80,319|110,554|33,354|55,203|
|||||724,616|842,500|135,818|147,901|
|||Group|Group|
|---|---|---|---|
|||2020|2019|
|||No.|No.|
|Certification||9|12|
|Awarding|organisation|6|5|
|Training||10|8|
|||25|25|
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|Group|Group|
|---|---|
|2020|2019|
|No.|No.|
##
|se|rvices of D Wilson as in|dependent
director and Chairman.
The v|alue of payments
was as foll|ows:|
|---|---|---|---|---|
||||2020|2019|
|D|Wilson|Fees|9,111||
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||Computer|
|---|---|
||Softwaref|
|Cost||
|At 1 January 2020|21,959|
|Additions|19,350|
|At 31 December 2020|41,309|
|Amortisation||
|At 1 January 2020|4,392|
|Charge for the year|8,262|
|At 31 December 2020|12,654|
|Net book value||
|At 31 December 2020|28,655|
|At 31December 2019|17,567|
##
|Freehold|Office|Computer||
|---|---|---|---|
|property
f|equipment
f|equipmentf|Totalf|
|1,273,020|97,228|35,012|1,405,260|
||2,500||2,500|
|1,273,020|99,728|35,012|1,407,760|
##
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|Group (continued)|||||
|---|---|---|---|---|
||Freehold|Office|Computer||
||property
f|equipment
f|equipmentf|Totalf|
|Depreciation|||||
|At 1 January 2020|340,046|94,947|33,238|468,231|
|Charge for the year|34,832|2,175|1,612|38,619|
|At 31 December 2020|374,878|97,122|34,850|506,850|
|Net book value|||||
|At 31 December 2020|898,142|2,606|162|900,910|
|At 31December 2019|932,974|2,281|1,774|937,029|
|Charity|||||
||Freehold|Office|Computer||
||property
f|equipment
f|equipmentf|Totalf|
|Cost|||||
|At 1 January 2020|1,273,020|81,776|27,862|1,382,658|
|Additions||2,500||2,500|
|At 31 December 2020|1,273,020|84,276|27,862|1,385,158|
|Depreciation|||||
|At 1 January 2020|340,046|79,852|26,089|445,987|
|Charge for the year|34,832|1,818|1,612|38,262|
|At 31 December 2020|374,878|81,670|27,701|484,249|
|Net book value|||||
|At 31 December 2020|898,142|2,606|161|900,909|
|At 31December 2019|932,974|1,924|1,773|936,671|
##
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||Investments|||
|---|---|---|---|
||in|||
||subsidiary|Listed||
|Charity|companies|investmentsf|Totalf|
|Cost or valuation||||
|At 1 January 2020|100|3,761,925|3,762,025|
|Additions||6,348|6,348|
|Disposals||(274,372)|(274,372)|
|Revaluations||98,253|98,253|
|At 31 December 2020|100|3,592,154|3,592,254|
##
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||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2020|20'/9|2020|2019|
|Due after|more than one year||||||
|Amounts|owed by group undertakings||||250,000||
||||||250,000||
|Due within one year|||||||
|Trade debtors|||138,322|166,309||6,305|
|Amounts|owed by group undertakings||||61,987|279,849|
|Other debtors|||43,459|37,265|33,073|8,095|
|Prepayments||and accrued income|31,121|92,692|24,218|43,919|
||||212,902|296,266|369,278|338,168|
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||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|2020|2019|
|Bank loans|||||||4,398||||
|Trade creditors|||||||56,194|97,883|27,564|28,612|
|Other taxation||and|social security||||15,117|17,696|6,872|6,196|
|Other creditors|||||||23,947|24,269|143|13,251|
|Accruals|and deferred|||income|||39,887|72,330|23,903|32,687|
||||||||139,543|212,178|58,482|80,746|
||||||||||Group|Group|
||||||||||and Charity|and Charity|
||||||||||2020|2019|
|Deferred|income||||||||||
|Deferred|income at 1 January 2020||||||||9,212|4,189|
|Resources deferred|||during||the year||||9,500|9,212|
|Amounts|released||from previous|||periods|||(9,212)|(4,189)|
||||||||||9,500|9,2'l2|
##
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|||Group|Group|
|---|---|---|---|
|||2020|2019f|
|Bank|loans|45,602||
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|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||Balance at 1||||31|
|||||January|||Gains/|December|
|||||2020|Income
f|Expenditure|(Losses)|2020|
|Unrestricted
funds|||||||||
|Designated
funds|||||||||
|Freehold|Property|Fund||932,974||(34,832)||898,142|
|General|funds||||||||
|General|Funds|||4,034,277|1,008,745|(1,273,247)|98,253|3,868,028|
|Total Unrestricted|||funds|4,967,251|1,008,745|(1,308,079)|98,253|4,766,170|
|Statement offunds|||- prior year||||||
|||||||||Balance at|
|||||Balance at||||31|
|||||1January|||Gains!|December|
|||||2019|Income|Expenditure|(Losses)|2019|
|Unrestricted
funds|||||||||
|Designated
funds|||||||||
|Freehold|Property|Fund||965,842||(32,868)||932,974|
|General|funds||||||||
|General|Funds|||3,980,951|1,294,057|(1,620,982)|380,251|4,034,277|
|Total Unrestricted|||funds|4,946,793|1,294,057|(1,653,850)|380,251|4,967,251|
##
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|Summary
|offunds - cur|rent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||31|
|||January|||Gains/|December|
|||2020|Income
f|Expenditure|(Losses)|2020|
|Designated|funds|932,974||(34,832)||898,142|
|General funds||4,034,277|1,008,745|(1,273,247)|98,253|3,868,028|
|||4,967,251|1,008,745|(1,308,079)|98,253|4,766,170|
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at||||31|
|||1January|||Gains/|December|
|||2019|Income|Expenditure|(Losses)|2019|
|Designated|funds|965,842||(32,868)||932,974|
|General funds||3,980,951|1,294,057|(1,620,982)|380,251|4,034,277|
|||4,946,793|1,294,057|(1,653,850)|380,251|4,967,251|
##
|Analysis|of n|et assets between funds - current period|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
|Tangible|fixed|assets|900,910|900,910|
|Intangible|fixed assets||28,655|28,655|
|Fixed asset investments|||3,592,154|3,592,154|
|Current assets|||429,596|429,596|
|Creditors|due|within one year|(139,543)|(139,543)|
|Creditors|due|in more than one year|(45,602)|(45,602)|
|Total|||4,766,170|4,766,170|
##
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|Analysis|of net assets between funds - prior period|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2019|2019|
|Tangible|fixed assets|937,029|937,029|
|Intangible|fixed assets|17,567|17,567|
|Fixed asset investments||3,761,925|3,761,925|
|Current assets||462,908|462,908|
|Creditors|due within one year|(212,178)|(212,178)|
|Tl||4,967,251|4,967,251|
##
||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|2019|
|Net
income/expenditure|||for|the|period|(as per|Statement|of Financial|||
|Activities)|||||||||(201,081)|20,458|
|Adjustments|for:||||||||||
|Depreciation|charges||||||||38,619|36,365|
|Amortisation|charges||||||||8,262|4,392|
|(Gains) / losses on investments|||||||||(98,253)|60,468|
|Dividends,
interests||and|rents|from|investments||||(72,905)|(99,327)|
|Movement
in|debtors||||||||83,363|(27,771)|
|Movement
in|creditors||||||||(27,032)|(13,588)|
|Net cash used in operating||||activities|||||(269,027)|(19,003)|
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|payments|und|er non-cancellable
operating
lease|s as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2020|2019|2020|2019|
|Amounts|payable:||||||
|Not later than||1 year|51,647|62,361|36,361|36,689|
|Later than|1 year and not later than 5years||27,722|66,664|22,402|46,058|
||||79,369|129,025|58,763|82,747|
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|The financial|results|ofthe subsidiary|for the year were:||||
|---|---|---|---|---|---|---|
|Name|||Income|Expenditure|Loss for the|Net|
||||||year|liabilities|
|BPEC Certification||Limited|859,130|(961,536)|(102,406)|(130,501)|