2020-08-31-accounts - Leicestershire Education Business Company Limited

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		Page
Trustees' report		1 - 11
Statement ofTrustees'	responsibilities	12
Independent auditor's	report	13-15
Statement offinancial	activities	16-17
Balance sheet		18
Statement ofcash flows		19
Notes to the financial	statements	20- 33

Current financial year	Current financial year	Current financial year
				Unrestricted	Restricted	Total	Total
				funds	funds
				2020	2020	2020	2019
			Notes	E	f	E	E
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Grants and donations				94,000	2,937	96,937
Charitable activities				1,028,187	254,288	1,282,475	2,418,996
Other trading activities				4,820		4,820	9,100
Investments				10,388		10,388	5,687
Total income				1,137,395	257,225	1,394,620	2,433,783
Total resources	expended			924,231	257,225	1,181,456	2,400,368
Net gains/(losses)		on investments		(18,311)		(18,311)	3,445
Net movement	in	funds		194,853		194,853	36,860
Fund balances	at 1 September 2019			1,205,670		1,205,670	1,168,810
Fund balances	at	31August 2020		1,400,523		1,400,523	1,205,670

Prior financial	year	year
				Unrestricted	Restricted	Total
				funds	funds
				2019	2019	2019
			Notes	f.		E
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Charitable activities				2,180,395	238,601	2,418,996
Other trading activities				9,100		9,100
Investments				5,687		5,687
Total income				2,195,182	238,601	2,433,783
Total resources	expended			2,161,767	238,601	2,400,368
Net gains/(losses)		on investments		3,445		3,445
Net movement	in	funds		36,860		36,860
Fund balances	at 1 September 2018			1,168,810		1,168,810
Fund balances	at	31August 2019		1,205,670		1,205,670

				2020		2019
			Notes	F
Fixed assets
Tangible assets			12		16,662		14,042
Investments			13		340,296		355,249
					356,958		369,291
Current assets
Debtors			14	84,689		769,015
Cash at bank and	in	hand		1,616,900		662,420
				1,701,589		1,431,435
Creditors: amounts		falling due within
one year			15	(658,024)		(595,056)
Net current assets					1,043,565		836,379
Total assets less	current liabilities				1,400,523		1,205,670
Income funds
Unrestricted funds	-	general			1,400,523		1,205,670
					1,400,523		1,205,670

			2020		2019
		Notes	f
Cash flows from operating	activities
Cash generated from operations		24		960,553		145,536
Investing activities
Purchase oftangible fixed assets			(13,103)		(7,810)
Net income paid into investments			(1,075)
Purchase of other investments			(2,283)		(344,916)
Proceeds on disposal ofother investments					143,413
Interest received			10,388		5,687
Net cash used in investing	activities			(6,073)		(203,626)
Net cash used in financing	activities
Net increase/(decrease) in	cash and	cash
equivalents				954,480		(58,090)
Cash and cash equivalents	at beginning	ofyear		662,420		720,510
Cash and cash equivalents	at end of	year		1,616,900		662,420

						Unrestricted	Restricted	Total	Total
						funds	funds
						general
						2020	2020	2020	2019
						E		E
Coronavirus	Job	Retention	Scheme	grant	income	94,000	2,937	96,937

											Charitable	Charitable
											Income	Income
											2020	2019
												E
	Work experience-					Health		&	Safety/Placement	services.	165,807	290,769
	Nuffield	programme									57,278	57,512
	ESF - Leicester				Employment				Hub		52,697	43,053
	STEM										144,313	138,036
	Careers	Education					Service				122,227	128,584
	National	Citizen			Service						740,153	1,761,042
											1,282,475	2,418,996
	Analysis	by fund
	Unrestricted		funds			- general					1,028,187	2,180,395
	Restricted funds										254,288	238,601
											1,282,475	2,418,996
5	Other	trading			activities
											Unrestricted Unrestricted
											funds	funds
											general	general
											2020	2019
											E
	Sponsorship			&	initiatives						4,820	9,100
6	Investments
											Unrestricted	Unrestricted
											funds	funds
											general	general
											2020	2019
											E	F
	Income from			listed			investments				6,616	3,116
	Bank interest			receivable							3,772	2,571
											10,388	5,687

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Auditor's remuneration
The analysis of auditor's	remuneration	is as follows:
			2020	2019
Audit ofthe annual accounts			4,416	4,200

	2020	2019
	Number	Number
	68	73
Employment costs	2020	2019
Wages and salaries	782,958	1,111,667
Social security costs	58,839	65,390
Other pension costs	66,805	65,971
	908,602	1,243,028

11	Net gains/(losses)	Net gains/(losses)	on investments	on investments
						Unrestricted	Unrestricted
						funds	funds
						general	general
						2020	2019
							f
	Revaluation	of investments				(18,311)	10,332
	Gain/(loss) on sale		of	investments			(6,887)
						(18,311)	3,445
12	Tangible fixed assets
					Fixtures,	Computers	Total
					fittings &
					equipment
	Cost
	At 1 September 2019				29,538	37,412	66,950
	Additions				674	12,429	13,103
	At 31August	2020			30,212	49,841	80,053
	Depreciation	and	impairment
	At 1 September 2019				23,208	29,700	52,908
	Depreciation	charged		in the year	5,458	5,025	10,483
	At 31August	2020			28,666	34,725	63,391
	Carrying amount
	At 31August	2020			1,546	15,116	16,662
	At 31August	2019			6,330	7,712	14,042

Fixed asset	investments
			Listed
			investmentsf
Cost or valuation
At 1 September 2019			355,249
Additions			2,283
Valuation changes			(18,311)
Net income	paid into investments		1,075
At 31August	2020		340,296
Carrying amount
At 31August	2020		340,296
At 31August	2019		355,249
		2020	2019
		E	E
Investments	at fair value comprise:
Cash deposits		3,058	1,982
Quoted securities		337,238	353,267
		340,296	355,249

Debtors
		2020	2019
Amounts falling due within one year:		E	E
Trade debtors		16,190	529,443
Other debtors		52,578	220,080
Prepayments	and accrued income	15,921	19,492
		84,689	769,015

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Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		2020	2020	2020	2019	2019	2019
		E	E		F	F
Fund balances at 31
August 2020	are
represented	by:
Tangible assets		16,662		16,662	14,042		14,042
Investments		340,296		340,296	355,249		355,249
Current assets/
(liabilities)		1,043,565		1,043,565	836,379		836,379
		1,400,523		1,400,523	1,205,670		1,205,670

Cash generated from	operations	operations				2020f	2019 f
Surplus for the year						194,853	36,860
Adjustments for:
Investment income recognised		in statement		offinancial	activities	(10,388)	(5,687)
(Gain)/loss on disposal	ofinvestments						6,887
Fair value gains and losses on		investments				18,311	(10,332)
Depreciation and impairment oftangible			fixed assets			10,483	9,483
Movements in working	capital:
Decrease in debtors						684,326	10,958
(Decrease)/increase in	creditors					(281,197)	138,190
Increase/(decrease) in	deferred	income				344,165	(40,823)
Cash generated from	operations					960,553	145,536