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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independent
Auditors|5|to|7|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||10||
|Notes to the Cash Flow Statement||||
|Notes to the Financial Statements|12|to|20|
|Detailed Statement ofFinancial Activities|21|to|22|
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|STATEM
for|NT
F
AN
A
the
ear ended 31stMarch|2022||
|---|---|---|---|
|||2022|2021|
|||Unrestricted|Total|
|||fund|funds|
||Notes|f,||
|INCOME AND ENDOWMENTS FROM||||
|Work related experiences||1,158,814|1,301,943|
|Investment
income||21|8]|
|Total||1,158835|1 302024|
|EXPENDITURE ON||||
|Work related experiences||978,676|1,096,696|
|Support costs||249,770|258 587|
|Total||1 228,446|1 355283|
|NET INCOME/(EXPENDITURE)||(69,611)|(53,259)|
|RECONCILIATION OFFUNDS||||
|Total funds brought forward||341,015|394,274|
|TOTAL FUNDS CARRIED FORWARD||271 404|341,015|
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|||1stMarch 2022|||
|---|---|---|---|---|
||||2022|2021|
||||Total|Total|
||||funds|funds|
|||Notes|||
|FIXED|ASSETS||||
|Tangible|assets|14|45,049|48,464|
|CURRENT ASSETS|||||
|Debtors||15|237,755|]85,985|
|Cash at|bank and in hand||314627|458 282|
||||552,382|644,267|
|CREDITORS|||||
|Amounts|falling due within one year|16|(290,194)|(301,716)|
|NET CURRENT ASSETS|||262 188|342 551|
|TOTAL|ASSETSLESSCURRENT||||
|LIABILITIES|||307,237|391,015|
|CREDITORS|||||
|Amounts|falling due after more than one year|17|(35,833)|(50,000)|
|NET ASSETS|||271 404|341015|
|FUNDS||20|||
|Unrestricted
funds:|||||
|General|fund||271 404|341 015|
|TOTAL|FUNDS||271 404|341 015|
|||BUSINESS|BUSINESS|EDUCATION PARTNERSHIP
LTD|EDUCATION PARTNERSHIP
LTD|EDUCATION PARTNERSHIP
LTD|EDUCATION PARTNERSHIP
LTD||
|---|---|---|---|---|---|---|---|---|
||||||C|H FLOW STATEME|||
||||for||the|ear ended 31stMarch|2022||
||||||||2022|2021|
|||||Notes|||||
|Cash flows from operating||activities|||||||
|Cash generated
&om operations
Interest paid|||||||(130,218)
~646|(9,535)|
|Net cash used in operating||activities|||||130864|~9,535)|
|Cash flows from investing||activities|||||||
|Purchase oftangible
fixed|assets||||||(8,645)|(10,205)|
|Interest received|||||||21|81|
|Net cash used in investing|activities||||||~8624|~IO 124|
|Cash flows from flnancing||activities|||||||
|New loans in year
Loan repayments
in year|||||||~4167|50,000|
|Net cash (used in)/provided||by financing
activities|||||~4167)|50 OOO|
|Change in cash and cash|equivalents||in the||||||
|reporting
period|||||||(143,655)|30,341|
|Cash and cash equivalents||at the beginning|||||||
|ofthe reporting
period|||||||458 282|427 941|
|Cash and cash equivalents||at the end|ofthe||||||
|reporting
period|||||||314627|458 282|
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|
ACTIVITIES||||
|---|---|---|---|
|||2022|2021|
|Net expenditure
for the reporting|period (as per the Statement of|||
|Financial Activities)
Adjustments
for:||(69,611)|(53,259)|
|Depreciation
charges||12,061|14,913|
|Interest received||(21)|(81)|
|Interest paid||646||
|(Increase)/decrease
in debtors||(51,770)|61,726|
|Decrease in creditors||~21 523|~32 834|
|Net cash used in operations||130218|~9,535)|
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|ANALYSIS OFCHAN|GES IN NET FUNDS||||
|---|---|---|---|---|
|||At 1.4.21|Cash flow|At 31.3.22|
|Net cash|||||
|Cash at bank and in hand||458 282|~143655|314627|
|||458,282|~)43,655|314627|
|Debt|||||
|Debts falling due within|1 year||(10,000)|(10,000)|
|Debts falling due afler 1|year|~50 000|14167|~35 833|
|||~50,000)|4 167|45,833|
|Total||408 282|~139 488|268,794|
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||WORK RELATED EX|PERIENCES|||
|---|---|---|---|---|
||||2022|2021|
||Work related experiences
Grants||1,067,983
90831|985,206
316737|
||||1 158814|1 301,943|
||Grants received, included|in the above, are as follows:|||
||||2022|2021|
||||f,||
||Other grants||90 831|316,737|
|4.|INVESTMENT INCOME||||
||||2022|202]|
||Deposit account interest||21|81|
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||Other trading activities||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||Purchases
Staffcosts||||72,081
544,180|53,622
727,645|
||Bad debts
Travel &subsistence||||5,380
4,197|(36)
89|
||Consultancy
fees||||144,307|164,181|
||Staffrecruit. &agency costs||||208 531|151 195|
||||||978676|1 096,696|
|6.|SUPPORT COSTS||||||
||||||Governance||
||||Management|Finance|costs|Totals|
||Other resources expended||225 493|858|23419|249770|
|7.|NET INCOME/(EXPENDITURE)||||||
||Net income/(expenditure)|is|stated after charging/(crediting):||||
||||||2022|2021|
||Depreciation
-owned assets||||~12 060|14913|
|8.|AUDITORS' REMUNERATION||||||
||||||2022|2021|
||Fees payable to the charity's||auditors for the audit ofthe charity's|financial|||
||statements||||~6000|5,400|
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|STAFFCOSTS|||||
|---|---|---|---|---|
||||2022|2021|
|Wages and salaries
Social security costs
Other pension costs|||502,135
32,889
59 ]56|672,743
43,547
11355|
||||544 1813|727 645|
|The average monthly|number ofemployees|during the year was as follows:|||
||||2022|2021|
|Charitable
activities|||19|21|
|Administrative|||5|6|
|Health 4 Safety|||7|9|
||||31|36|
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||||Plant and|Computer||
|---|---|---|---|---|---|
||||machinery|equipment|Totals|
||COST|||||
||At 1st April 2021
Additions||44,873
~2611|57,722
~6034|102,595
~8645|
||At 31stMarch 2022||~47484|~63756|1~11 40|
||DEPRECIATION|||||
||At 1stApril 2021
Charge for year||14,092
500$|40,039
~7052|54,131
12,060|
||At 31stMarch 2022||~19 100|~47 091|~66 191|
||NET BOOKVALUE|||||
||At 31stMarch 2022||28,384|~16 665|~45 049|
||At 31stMarch 2021||30,781|~17 683|~48 464|
|15,|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
|||||2022|2021|
||Trade debtors|||161,966|138,228|
||Amounts
owed by participating||interests|282|8,323|
||Other debtors|||20,274|25,759|
||Prepayments
and accrued|income||55 233|13675|
|||||237755|185985|
|16.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||2022|2021|
||Bank loans and overdrafts|(see|note 18)|10,000||
||Trade creditors|||9,587|10,873|
||Social security and other taxes|||8,782|11,330|
||Accrued expenses|||261 825|279513|
|||||290 194|301716|
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||OTESTO THE FINANCIAL STA
for the
ear ended 31st
rch 2022|OTESTO THE FINANCIAL STA
for the
ear ended 31st
rch 2022|OTESTO THE FINANCIAL STA
for the
ear ended 31st
rch 2022|||
|---|---|---|---|---|---|
|17.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR|||||
|||||2022|2021|
||Bank loans (see note 18)|||~35 833|~50 000|
|18.|LOANS|||||
||An analysis ofthe maturity ofloans is given below:|||||
|||||2022|2021|
||Amounts
falling due within one year on demand:|||||
||Bank loans|||~10 000||
||Amounts
falling between one and two years:|||||
||Bank loans - 1-2years|||~10 000||
||Amounts
falling due between two and five years:|||||
||Bank loans - 2-5 years|||25,833||
||Amounts
falling due in more than five years:|||||
||Repayable
by instalments:|||||
||Bank loans more 5 yr by instal||||50,000|
|19.|LEASING AGREEMENTS|||||
||Minimum
lease payments
under non-cancellable|operating|leases fall due as follows:|||
|||||2022|2021|
||Within one year|||60,000|60,000|
||Between one and five years|||240,000|240,000|
||In more than five years|||00000|150000|
||||||450 000|
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|||||||||Net||
|---|---|---|---|---|---|---|---|---|---|
|||||||||movement|At|
|||||||At 1.4.21||in funds|31.3.22|
|Unrestricted||funds||||||||
|General fund||||||341,015||(69,611)|271,404|
|TOTAL FUNDS||||||341015||~69611)|271 404|
|Nct movement||in funds, included|||in the above|are as follows:||||
|||||||Incoming||Resources|Movement|
|||||||resources||cxpcndcd|in funds|
|Unrestricted||funds||||||||
|General fund||||||1,158,835|(1,228,446)||(69,611)|
|TOTAL FUNDS||||||1 158835|~)|28 446)|~69611)|
|Comparatives||for movement||in|funds|||||
|||||||||Net||
||||||||movement||At|
|||||||At 1.4.20||in funds|31.3.21|
|Unrestricted||funds||||||||
|General fund||||||394,274||(53,259)|341,015|
|TOTAL FUNDS||||||394274|~53 259||341 015|
|Comparative|net movement||in|funds, included||in the above arc as follows:||||
|||||||Incoming|Resources||Movement|
|||||||resources|cxpclldcd||in funds|
|Unrestricted||funds||||||||
|General fund||||||1,302,024|(1,355,283)||(53,259)|
|TOTAL FUNDS||||||1 302024|~1355283||~53 259)|
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|ANALYSIS OFN|K|T ASSETSBETWEEN FUNDS|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||Funds|Funds|
||||2022|2022|
||||f,||
|Tangible fixed assets|||45,049|45,049|
|Current assets|||552,382|552482|
|Creditors less than
1
Creditors greater than||year
1 year|(290,194)|(290,194)
~3033|
|Net Assets|||271404|271404|
||||Unrestricted|Total|
||||Funds|Funds|
||||2021|2021|
|||||f,|
|Tangible fixed assets|||48,464|48,464|
|Current assets|||644,267|644~7|
|Creditors less than
1 year
Creditors greater than
1 year|||(301,716)
~50000|(301,716)
M+M9$|
|Net Assets|||341015|341015|
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