2020-07-31-accounts - Basingstoke Itec Limited

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	Page
Reference and Administrative Details	1 to	2
Report ofthe Trustees	3 to	8
Independent Examiner's Report	9 to	10
Statement ofFinancial Activities
Balance Sheet	12 to	13
Cash Flow Statement	14
Notes to the Cash Flow Statement	15
Notes to the Financial Statements	16 to	24
Detailed Statement ofFinancial Activities	25 to	26

		31.7.20	31.7.19
		Unrestricted	Total
		fund	funds
FIXEDASSETS	Notes		g
Tangible assets	10	791	3,774
CURRENT ASSETS
Debtors		33,875	41,556
Cash at bank		~251 118	338,447
		284,993	380,003
CREDITORS
Amounts falling due within oue year	12	(29,544)	(49,789)
NET CURRENT ASSETS		255449	330,214
TOTAL ASSETSLESSCURRENT
LIABILITIES		256440	333,988
NET ASSETS		~256240	333,988
FUNDS	14
Unrestricted funds		256440	333,988
TOTAL FUNDS		~256 40	333,988

		for the Year Ended	31July 2020
			31.7.20	31.7.19
		Notes
Cash flows from operating		activities
Cash generated fiom operations 1			~87424)	81 180
Net cash used in operating	activities		87,424	81,180
Cash flows from investing	activities
Purchase oftangible fixed assets				(942)
Interest received			95	2,087
Net cash provided by investing activities				1,145
Change in cash and cash
equivalents in the reporting		period	(87,329)	(80,035)
Cash and cash equivalents		atthe
beginning ofthe reporting		period	~338447	~418482
Cash and cash equivalents		atthe
end ofthe reporting period			251,118	338447

OPERATING ACTIVITIES
		31.720	31.7.19
Net expenditure for the reporting Statement ofFinancial Activities) Adjustments for:	period (asper the	(77,748)	(107,707)
Depreciation charges Loss on disposal offixed assets		2,983	3,042 679
Interest received Decrease in debtors (Decrease)/increase in creditors		(95) 7,681 ~20,245	(2,087) 8,302 16,591
Net cash used in operations		87424	81,180

INVESTMENT INCOME	INVESTMENT INCOME
			31.7.20	31.7.19
Deposit account interest			95	~2087
INCOME FROM CHARITABLE		ACTIVITIES
			31.720	31.7.19
	Activity
Commercial trading Co-investment cost for	Charitable	activities	25,169	15,705
trainiug services Education dt skills	Charitable	activities	7,389	2,859
funding agency grants Government employers	Charitable	activities	356,306	488,236
incentive income	Charitable	activities	~13500
			402,364	506800

		31.7.20	31.7.19
Depreciation -	owned assets	2,983	3,042
Other operating	leases	26,244	22,801
Deficit on disposal offixed assets			679

		for the	Year End	ed 31July 2020
8.	STAFF COSTS
				31.7.20	31.7.19
				6
	Wages and salaries Social security costs			279,462 25,619	309,664 27,221
	Other pension costs			6,132	~4455
				311,213	~341 340
	The average monthly	number ofemployees		during the year was as follows:
				31.7.20	31.7.19
	Administration			12	14
	No employees received emoluments		in excess of660,000.
9.	COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
					Unrestricted
					fund
	INCOME AND ENDOWMENTS		FROM
	Charitable activities
	Charitable activities				506,800
	Investment income				~2087
	Total				508,887
	EXPENDITURE ON
	Charitable activities
	Charitable activities				616,594
	NET INCOME/(EXPENDITURE)				(107,707J
	RECONCILIATION	OFFUNDS
	Total funds brought forward				441,695

	TOTAI FUNDS CARRIED
	FORWARD			333,988
10.	TANGIBLE FIXEDASSETS
		Fixtures
		and	Computer
		fittings	equipment	Totals
	COST
	At 1 August 2019 Disposals	2,355 ~72	33,850 ~1,892	36405 ~1964
	At 31July 2020	~2283	31,958	34,241
	DEPRECIATION
	At 1 August 2019	1P.12	31,219	32,431
	Charge for year Eliminated on disposal	471 ~72)	2,512 ~1,892	2983 ~1964
	At 31 July 2020	~1611	31,839	33,450
	NET BOOKVALUE
	At 31 July 2020	672	119	791
	At 31July 2019	~1143	~2631	~3774

DEBTORS:AMOUNTS FALLING D	UE WITHIN ONE YEAR
	31.7.20	31.7.19
	f,
Trade debtors Other debtors Prepaym eats	14,456 7,191 12,228	24,546 5,330 ~11 680
	~33875	~41 556

CREDITORS: AMOUNTS FALLING DUE W	ITHIN ONE YEAR
	31.7.20	31.7.19
Trade creditors Social security and other taxes Other creditors	3,099 6,038 953	5,547 8,073 21,192
Accruals and deferred income Accrued expenses	2,862 16,592	8,364 ~6613
	~29 544	~49 789

Minimum lease payments under non-cancellable	opemting leases fall due as follo	ws:
	31.7.20	31.7.19
		8
Within one year Between one and 6ve years	27,600	25,800 20700
	27,600	~46 500

	Notes to the F for	Notes to the F for	inancial Stateme the Year Ended	nts - continued 31July 2020
14.	MOVEMENT IN FUNDS
					Net
					movement	At
				At 1.8.19	in funds	31.720
	Unrestricted	funds
	General fund			333g88	(77,748)	256,240
	TOTAL FUNDS			~333988	~77 748	~256 40
	Net movement	in fimds, included in the above		are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
					f
	Unrestricted	funds
	General fund			402,459	(480407)	(77,748)
	TOTAL FUNDS			402,459	~480 20	~77748)
	Comparativcs	for movement	iu funds
					Net
					movement	At
				At 1.8.18	in funds	31.7.19
	Unrestricted	funds
	General fund			441,695	(107,707)	333,988
	TOTAL FUNDS			441,695	~10770	~333988

Unrestricted	funds
General fund
TOTAL FUNDS

			Detailed Statement ofFinancial Activities
			forthe Year Ended 31July 2020
				31.7.20	31.7.19
INCOME AND ENDOWMENTS
Investment income
Deposit account interest				95	2,087
Charitable activities
Commercial trading				25,169	15,705
Co-investment cost for		training services		7,389	2,859
Education &skills	funding		agency grants	356,306	488,236
Government employers		incentive
income				13,500
				~402 364	~506800
Total incoming resources				402,459	508,887
EXPENDITVRE
Support costs
Management
Wages				279,462	309,664
Social security				25,619	27,221
Pensions				6,132	4,455
Rent re operating	leases			26,244	22,801
Insurance				4,959	2,267
Telephone				4,652	3,842
Printing, postage	&stationery			1,910	3,870
Advertising				3,979	7,728
Oflice supplies				2,190	2,949
Trainee allowance	&other		training
,related costs				17,312	17,950
Stafftraining				1,248	1,208
Premises costs				7,075	10,390
Repairs &maintenance				2,601	2,511
Travel costs				4@89	5,209
Subcontractcosts				52,530	151,492
Carried forward				440,202	573,557

				Detailed Statement of Financial Activities	Detailed Statement of Financial Activities
					for the Year Ended 31July 2020
						31.7.20	31.7.19
Management Brought forward Hardship fund						440402 754	573,557 1,427
Bank charges						(3,803)	279
Recruitment							8,754
Computer running			costs			3,129	3,935
Subscriptions						785	2,121
Staffwelfare						1,058	1,902
Government	employers			incentive
expenses						13,500
Depreciation		oftangible		and	heritage
assets						2,983	3,042
Loss on sale	oftangible			fixed	assets		679
						458,608	595,696
Governance		costs
Accountancy						6,348	2,658
Legal and professional Independent examination				fee		12,251 3,000	15,510 ~2730
						21,599	~20 898
Total resources		expended				~480 07	~616594
Net expenditure						~77748)	~107,707)