## ||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| |||Notes||| |INCOME|AND ENDOWMENTS|||| |FROM||||| |Charitable|activities|||| |Charitable|activities||402,364|506,800| |Investment|income||95|~2087| |Total|||402,459|508,887| |EXPENDITURE ON||||| |Charitable|activities|||| |Charitable|activities||480,207|6]6„594| |NET INCOME/(EXPENDITURE)|||(77,748)|(107,707)| |RECONCILIATION OFFUNDS||||| |Total funds|brought forward||333,988|441,695| |TOTAL FUNDS CARRIED||||| |FORWARD|||~256240|333,988| ## |||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| ## |ANALYSIS OF CHANGES IN|NET FUNDS||| |---|---|---|---| ||At 1.8.19|Cash flow|At 31.7.20| |Net cash|||| |Cash at bank|338447|~87329|251,118| ||338,447|~87,329|251,118| |Total|338447|~87 329|251,118| ## ## ## ## ## ## ## ## ## ## ## ## |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| ## |||||Governance|| |---|---|---|---|---|---| ||||Management|costs|Totals| ||Charitable|activities|~458608|21,599|480207| |6.|NET INCOME/(EXPENDITURE)||||| |||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| ## ## |||Incoming|Resources|Movement| |---|---|---|---|---| |||resomces|expended|m funds| ||||f.|| |Unrestricted|funds|||| |General fund||508,887|(616,594)|(107,707)| |TOTAL FUNDS||~508887|~616594|~107707| |Unrestricted|funds| |---|---| |General fund|| |TOTAL FUNDS|| ||Net|| |---|---|---| ||movement|At| |At 1.8.18|in funds|31.7.20| |f.||f,| |441,695|(185,455)|256/40| |~441 695|~185,455)|256,240| |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |Unrestricted|funds|||g| |General fund||911,346|(1,096,801)|(185,455)| |TOTAL FUNDS||911,346|(1~096,801|~185,455| ## ||||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)|